Klippsten warns that relaxed regulations under Trump could trigger a chaotic altcoin surge, drawing liquidity away from Bitcoin.
Altcoin news
A phishing scam through a fake Zoom link drained $6.09 million from a Gigachad token investor, igniting security concerns.
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
Solana’s rally to $222 puts SOL price within 20% of its all-time high.
The crypto exchange is one of the big winners from the United States elections on Nov. 5.
Some 30% of respondents expect Solana to tap $600 in 2025, according to a survey by MV Capital.
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
The Neiro memecoin pumped by almost 7,600% after being listed on the Binance exchange.
The DeFi liquidity protocol has already paused operations on Arbitrum and Avalanche blockchains as the team investigates the vulnerability.
FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.