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Cryptography News
Cryptoslate
16h
241
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Drop in OTC balances shows large investors are accumulating discounted Bitcoin
- Data from CryptoQuant shows significant outflows of Bitcoin from OTC desks, indicating accumulation by large investors.
- A declining OTC balance and negative 30-day change suggest long-term accumulation strategies by whales and institutions.
- Large investors may have used the price drop as an opportunity to accumulate Bitcoin at a discount.
- A sustained reduction in OTC desk balances could tighten supply and potentially drive upward pressure on Bitcoin's price.
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14 Likes
NullTX
16h
271
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Panic Strikes Retail Traders As Ethereum Faces Major FUD, But Whales Seize The Opportunity
- Crypto markets are experiencing retracements, causing panic among retail traders.
- Whales and large investors take advantage of panic selling to accumulate assets.
- Justin Sun and Nexo have been actively moving Ethereum, depositing large amounts to HTX and Binance.
- Despite retail panic, Ethereum's spot ETF sees institutional inflows, indicating confidence in its long-term potential.
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16 Likes
NullTX
16h
117
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Crypto Sentiment Shifts Bearish As Bitcoin Sees Renewed Interest From Institutions And Nations
- Crypto market sentiment has shifted from bullish to bearish in the past two weeks, with investors showing caution and focusing on Bitcoin.
- El Salvador has increased its Bitcoin reserves by purchasing 29 BTC, bringing its total holdings to 5,995 BTC worth $562 million.
- MicroStrategy has expanded its Bitcoin holdings by buying an additional 5,262 BTC worth $561 million, bringing its total to 444,262 BTC valued at $42.58 billion.
- Bitcoin-focused financial products, including spot ETFs, have seen significant institutional inflows, with BlackRock's iShares Bitcoin Trust recording a weekly net inflow of $1.45 billion.
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NullTX
16h
51
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Dogecoin’s Next Parabolic Rally? Analysts Predict A Bright Future For $DOGE
- Dogecoin ($DOGE) may be on the verge of another historic surge if its past performance is anything to go by.
- In 2017, it experienced a parabolic run, climbing 212%, retracing by 40%, and then rallying 5,000%.
- Similarly, in 2021, it gained 476%, retraced 56%, and skyrocketed 12,000%.
- Analysts predict that if history repeats itself, another explosive rally could be in the cards.
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NullTX
16h
208
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Whale Movement And Technical Indicators Suggest Potential Rebound For Solana ($SOL)
- A prominent Solana whale has sold off 25,000 $SOL tokens, netting a profit of $313,000.
- The whale still holds 50% of their original position, with an unrealized profit of $310,000.
- Solana is currently testing a critical support zone between $188 and $179, with potential for a price rebound.
- The TD Sequential indicator on the daily chart has presented a buy signal for Solana, indicating a possible price rebound.
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Financemagnates
16h
58
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Russia Bans Crypto Mining in 10 Regions for 6 Years Following Putin's Signed Law
- Russia has approved a ban on cryptocurrency mining in 10 regions from January 2025 to March 2031.
- The ban aligns with cryptocurrency mining laws signed by President Vladimir Putin in August and October 2024.
- Seasonal restrictions will also be enforced in three Siberian regions during energy consumption peaks.
- The new law in Russia legalizes cryptocurrency mining but imposes regulations on the sector.
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3 Likes
NullTX
16h
168
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Whales Accumulate $LINK As Chainlink Expands Cross-Chain Reach With Shiba Inu And TURBO
- Whales have accelerated their accumulation of $LINK tokens, withdrawing a total of 362,380 tokens from Binance in the past 48 hours.
- During the recent market dip, whales purchased over $44 million worth of Chainlink, indicating confidence in its potential.
- Chainlink's Cross-Chain Interoperability Protocol (CCIP) is driving innovation in the memecoin space, with Shiba Inu and Turbo MemeCoin adopting Chainlink's CCT standard.
- Shiba Inu's SHIB, BONE, and LEASH tokens can now be transferred across 12 blockchains, and Turbo MemeCoin supports transfers between Ethereum and BNB Chain.
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NullTX
16h
220
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Litecoin’s Stability And Growing Potential: ETF Approval On The Horizon?
- Litecoin has shown remarkable stability, with a significant portion of its total supply being held long-term.
- 53.9% of all Litecoin ever mined has been held without moving for more than a year, and 85.8% of the total supply has remained untouched for over a month.
- Bloomberg analysts have noted that a Litecoin ETF could be approved ahead of other cryptocurrency ETFs, as the SEC has not classified Litecoin as a security, simplifying the approval process.
- Litecoin's transactional volume showcases its growing importance and use case within the crypto space, with the potential for institutional interest and regulatory clarity.
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13 Likes
NullTX
16h
40
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Restaking: The Quiet Revolution Reshaping DeFi In 2023
- Restaking has emerged as a game-changing innovation in the crypto space, enabling applications to enhance security efficiently.
- Protocols using restaking have attracted over $25 billion in assets, becoming a foundational pillar of DeFi in 2023.
- Ethena, with $5.5 billion TVL, has integrated with major platforms like AAVE and Morpho, solidifying its role in the restaking movement.
- Restaking is expected to account for 20% of the total crypto market, with Ethereum leading the way and BNB Chain catching up.
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2 Likes
NullTX
16h
249
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Arthur Hayes Cashes In On ENA: $3.96M Profit Realized, $8.36M Still Staked
- Arthur Hayes, founder of BitMEX, has recently cashed in on his ENA holdings, realizing a profit of $3.96 million.
- Hayes unstaked 9 million ENA tokens and transferred 7 million ENA to Binance, followed by a USDC withdrawal. He transferred the remaining 2 million ENA to his wallet and then to Bybit.
- Hayes still holds approximately 8 million ENA tokens, worth $8.36 million, indicating his ongoing interest in the token.
- Investors should monitor whale activity like Hayes' actions, as it can affect market movements. The focus now shifts to Hayes' future moves and ENA's price trajectory.
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15 Likes
NullTX
16h
330
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EIGEN Whales Cash Out Amid Price Drop Ahead Of Token Unlock
- Whales and institutions spent $32.45 million USDC to acquire EIGEN tokens, but are now cashing out, increasing selling pressure.
- Four significant addresses have redeemed and sold 1,270,507 EIGEN tokens, valued at $5.02 million.
- EIGEN reached a peak price of $5.60 but has since fallen and is close to its original cost price of $3.64.
- On December 24, EigenLayer will unlock $4.83 million worth of EIGEN tokens, potentially introducing more selling pressure.
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19 Likes
Cryptonewsz
17h
121
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Influencer Reveals BlackRock, Fidelity’s ETH buy, Fuels ETH $5K Rally
- BlackRock and Fidelity have purchased 37,900 ETH, worth $130.8 million, in a single day.
- Institutional interest and confidence in Ethereum is growing with such aggressive purchases.
- Speculation arises about Ethereum reaching $5,000 with the influx of institutional capital.
- Market conditions and adoption rate of blockchain technology remain key factors in Ethereum's price trajectory.
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7 Likes
Coinjournal
17h
213
Image Credit: Coinjournal
MEXC grows global reach with 17 new languages, strengthening its presence in emerging markets
- MEXC, a leading global cryptocurrency exchange, has added support for 17 languages on its website.
- The addition of these languages strengthens MEXC's presence in emerging markets and enhances the trading experience for users worldwide.
- MEXC now supports a total of 34 languages, reflecting its commitment to global growth and cultural diversity.
- The expansion is expected to lead to enhanced user experience, accelerated global expansion, expanded user base, and cultural inclusion.
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12 Likes
Cryptoslate
18h
210
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Russia to limit mining in energy-strapped regions until 2031
- Russia has introduced a regional ban on Bitcoin mining, set to begin on Jan. 1, 2025, and remain in effect until March 15, 2031.
- The ban will only apply during peak energy consumption periods in ten regions of Russia.
- The restriction also extends to parts of the Irkutsk region, Buryatia, and the Zabaikalsky Krai.
- The ban aims to address energy infrastructure challenges and curb power imbalances while efficiently allocating electricity resources.
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Cryptoslate
18h
273
Image Credit: Cryptoslate
El Salvador touts Bitcoin success in talks with China
- El Salvador showcased its Bitcoin achievements during a meeting between Vice President Félix Ulloa Jr. and Zhang Yanhui, the Ambassador of the People’s Republic of China.
- El Salvador has over 6,217 BTC in state reserves, valued at over $500 million, highlighting its transformation into a symbol of financial freedom.
- Led by Stacy Herbert, the Bitcoin Office in El Salvador has implemented pro-crypto initiatives and policies, contributing to the nation's adoption of Bitcoin.
- El Salvador aims to increase its Bitcoin reserves by 20,000 BTC, signifying its strong commitment to cryptocurrency adoption.
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