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Cryptocurrency News
NullTX
2d
326
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Ethereum Market Update: Record Outflows, Accumulation Trends, and ETF Activity
- This week witnessed substantial Ethereum ($ETH) outflows from exchanges, with net outflows exceeding $1.4 billion—the highest level since November.
- According to analyst Ali Martinez, Ethereum’s price appears to be following an ascending parallel channel. If this trend holds, a dip to the channel’s lower boundary around $2,800 could act as a critical launchpad, potentially propelling Ethereum to the $6,000 mark.
- In the past 34 hours, Fidelity, through its trading partner Cumberland, has deposited 64,997 ETH (valued at $213 million) into Coinbase. This significant transaction underscores the growing interest and involvement of institutional players in Ethereum.
- On January 9, Ethereum ETFs collectively recorded a net outflow of 4,701 ETH, amounting to $15.21 million. Grayscale’s Ethereum Mini Trust alone accounted for 3,298 ETH ($10.67 million) in outflows, leaving its total holdings at 471,912 ETH, valued at approximately $1.53 billion.
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Cryptoticker
2d
326
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IOTA Price Prediction: Will IOTA Crash to $0 in the Next 30 Days?
- IOTA price has been under pressure recently, sparking concerns about its future trajectory.
- The current price of IOTA is $0.303604 with a 24-hour trading volume of $163.72 million.
- Technical analysis suggests a sustained bearish trend for IOTA in the short term.
- The likelihood of IOTA crashing to $0 in the next 30 days appears low but not impossible.
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NullTX
2d
287
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PEPE Whale Resurfaces: A Strategic Return to the Market
- A prominent PEPE trading whale, known for securing $1.808 million in profits across nine trading waves, has re-entered the market.
- The whale withdrew 57.2 billion PEPE from Binance, signaling their return to active trading.
- The whale currently holds 248 billion PEPE, valued at approximately $4.36 million.
- Their re-entry suggests confidence in PEPE's recovery and potential upside for investors.
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Blockonomi
2d
38
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Chainlink (LINK) Price: Chainlink (LINK) Consolidates Below $24 as Bulls Gather Strength
- Chainlink (LINK) is trading at $20.17 with a recent 0.62% increase, showing consolidation within a descending wedge pattern.
- Technical analysis suggests a potential bullish breakout with $23.92 as the key resistance level to watch.
- On-chain metrics show growing user engagement with 0.86% increase in active addresses and 0.88% rise in transaction counts.
- Exchange reserves declined by 0.11%, indicating reduced selling pressure and potentially favorable supply-demand dynamics.
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Crypto-News-Flash
2d
77
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BTC Weakens as XRP, Solana, Cardano, Shiba Inu Signal $2T Altcoin Surge
- Bitcoin's dominance has declined from 60% to 56% in the last month, indicating a potential altseason.
- Ethereum's dominance is slowly increasing but may not exceed 10-15% this cycle.
- XRP has maintained its position above the $2.4 support level with minimal losses.
- Solana, Cardano, and Shiba Inu have experienced declines in price over various time periods.
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NullTX
2d
272
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Cookie Team Transfers $12.55M in Tokens to Binance: Market Reacts
- A multi-signature address linked to the Cookie team has transferred 20 million $Cookie tokens, valued at approximately $12.55 million, to Binance.
- The transfer has sparked discussions about its implications for $Cookie's market performance.
- Following the token transfer, $Cookie's market cap has narrowed from over $220 million to $160 million, raising questions about potential selling pressure.
- The Cookie team is developing the first index and data layer for AI agents, making it an attractive proposition for investors.
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NullTX
2d
58
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Whale Spotlight: A Master of High-Stakes Crypto Trading
- This daring crypto whale continues to make waves with calculated, high-stakes bets.
- They pocketed an impressive $7.5 million profit through smart moves in $WIF.
- Their precision trading in $PNUT resulted in a $1.2 million gain.
- The whale recently invested $1.52 million in $PIPPIN, with an unrealized profit of $570,000.
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NullTX
2d
202
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Bitcoin Ecosystem 2024: A Year of Groundbreaking Growth and Innovation
- The Bitcoin ecosystem experienced remarkable growth in 2024, fueled by the rise of Bitcoin staking, advancements in Bitcoin layers, and significant innovations on the Bitcoin mainnet.
- Record venture capital funding of $460 million highlights growing investor confidence in the sector's potential.
- Runes emerged as a dominant force on the Bitcoin mainnet, with a $1.26 billion market cap and rapid adoption.
- Bitcoin Ordinals achieved high sales volume, while the Bitcoin layers landscape expanded with over 80 active projects.
- Stablecoins gained traction, with 10 protocols actively developing innovative solutions for the Bitcoin ecosystem.
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Financemagnates
2d
342
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Global Spot Crypto Trading Climbs 142% Year-Over-Year to $2.1T
- The cryptocurrency market witnessed extraordinary trading activity in December 2024, with total spot trading volume across major exchanges reaching $2.14 trillion, marking an 8% increase from November's $1.99 trillion and a staggering 142% year-over-year growth.
- Binance maintained its dominant position, commanding 47% of the market share with $1 trillion in trading volume. South Korea's Upbit and ByBit demonstrated exceptional performance, recording monthly growth of 21% and 20%, respectively.
- Coinbase, the leading U.S. exchange, maintained steady growth with a 9% monthly increase and 174% year-over-year expansion. Most exchanges reported positive monthly growth, with only Bitstamp showing a decline of 14%.
- The significant volume increase reflects the continued maturation of the cryptocurrency market and sustained institutional interest throughout December 2024, building upon the momentum from November's strong performance.
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Livebitcoinnews
2d
291
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Kenya Plans to Legalize Cryptocurrencies with New Policy
- Kenya plans to legalize cryptocurrencies with a new policy framework to regulate digital assets, manage risks, and promote growth.
- The government aims to create a fair and stable market for cryptocurrencies while managing the risks of money laundering, fraud, and cybercrime.
- This move aligns with a global trend of countries looking to regulate cryptocurrencies for safe digital finance.
- The new policy in Kenya intends to leverage the advantages of cryptocurrencies while addressing challenges through a strong legal framework.
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TheNewsCrypto
2d
256
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Cardano (ADA) to Reclaim $3.10 Soon While This $0.005 Crypto Prepares for a Sharp Spike Past $5 in the Next 5 Weeks
- Cardano (ADA) is expected to reclaim the $3.10 price mark.
- Lightchain AI, a new crypto contender, is projected to surge past $5 in the next five weeks.
- Cardano's comeback to $3.10 is unclear but could happen by 2027.
- Lightchain AI offers an opportunity for high-growth investments with its projected price spike.
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NullTX
2d
46
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TON Blockchain Gains Momentum as Tipping Point Approaches
- TON Blockchain is approaching a crucial milestone where short-term holders are 10% away from becoming profitable, potentially triggering a bullish rally
- In 2024, TON Blockchain ranked 9th among all blockchains for revenue generation, accumulating $14.6 million
- TON Blockchain aims to climb higher in revenue ranking and solidify its position among the top blockchain platforms globally
- Withdrawals of $NOT tokens for $PX farming have surged, depleting $NOT reserves on exchanges and leading to temporary withdrawal suspensions
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TheNewsCrypto
2d
287
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HashKey Eyes Middle East Growth with In-Principle Dubai VASP License Approval
- HashKey Group has received the In-Principle Approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This comes after receiving registration approval from the Central Bank of Ireland.
- HashKey MENA FZE, the Dubai branch of the Group, will be licensed to provide Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services to retail, qualified, and institutional investors in Dubai.
- This approval strengthens HashKey's over-the-counter (OTC) trading arm, HashKey OTC, and expands its OTC-regulated products in the Middle East.
- HashKey Group is actively pursuing regulatory licenses in various jurisdictions, including Hong Kong, Singapore, Japan, Bermuda, and applying for an EU Market in Crypto-Assets (MiCA) license for the European Union.
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NullTX
2d
11
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Aiccelerate DAO Launches $AICC Token Amid Mixed Sentiment
- Aiccelerate DAO has launched its native token, $AICC, with a market capitalization of $310 million and a trading volume of $165 million.
- The DAO aims to support AI projects and has a team of experts from organizations like Coinbase and Google.
- Controversy surrounds the token distribution of $AICC, sparking discussions about fairness in AI DAOs.
- Competitors have the opportunity to position themselves as more equitable alternatives.
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Blockonomi
2d
97
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NY Attorney General Freezes $2.2M in Cryptocurrency from Job Scam Operation
- NY Attorney General Letitia James froze $2.2 million in cryptocurrency and filed a lawsuit targeting job scam operators
- Scammers used fake remote work opportunities to convince victims to purchase cryptocurrency under false pretenses
- Victims were instructed to buy USDC and USDT through legitimate platforms like Coinbase and Crypto.com
- Authorities successfully traced and froze the stolen funds with cooperation from Tether Limited and through search warrants
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