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Financemagnates
1w
72
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Bitcoin Miners Expand Holdings: Hut 8's Reserve Tops $1 Billion
- Hut 8, a prominent player in North America's Bitcoin mining sector, has boosted its Bitcoin reserves amid the current crypto bull market.
- A $100 million Bitcoin purchase has pushed the company's reserve to 10,096 coins, valued at over $1 billion as of today (Thursday).
- The company's reserve was built through a mix of low-cost production and timely market purchases, achieving an average acquisition cost of $24,484 per Bitcoin.
- Hut 8's Bitcoin reserve supports key growth initiatives, including upgrading mining fleets and developing energy and digital infrastructure.
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Changelly
1w
0
Image Credit: Changelly
Celebrate the Holidays with Changelly’s “Crypto-Giving Christmas” Campaign
- Changelly is hosting a "Crypto-Giving Christmas" campaign to share the joy of crypto with loved ones.
- From now until December 25, users can send crypto gifts without service fees using the promo code CRYPTOHUGS.
- Participants also have a chance to win one of 10 Trezor hardware wallets.
- Changelly is a global crypto exchange platform with over 7 million users worldwide.
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Cryptoslate
1w
166
Image Credit: Cryptoslate
Bitwise CIO downplays price ‘hiccup’ amid Bitcoin bull trend after FOMC shakes markets
- Bitcoin's price experienced a pullback following the US Federal Reserve's rate cut, triggering market reactions.
- Bitwise CIO remains optimistic about Bitcoin's long-term trajectory.
- Bitcoin's fundamentals are strong with growing institutional adoption and pro-crypto policy shifts.
- Despite short-term fluctuations, Bitcoin is expected to continue its multi-year upward trend.
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Cryptoticker
1w
4
Image Credit: Cryptoticker
Is an Ethereum Price Crash Imminent?
- Ethereum price is under pressure, struggling to reclaim $4,000 level.
- Investor sentiment toward Ethereum is at a 1-year low.
- Technical analysis indicates bearish signs for ETH, with key support levels at $3,550 and $3,500.
- Ethereum's performance may be influenced by the broader altcoin market and altcoin season.
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Cryptoslate
1w
392
Image Credit: Cryptoslate
El Salvador agrees to scale back Bitcoin policies for $1.4 billion IMF loan
- El Salvador has agreed to adjust its Bitcoin policies as part of a $1.4 billion loan arrangement with the International Monetary Fund (IMF).
- The loan deal requires El Salvador to scale back some of its Bitcoin-related activities.
- Bitcoin acceptance by private businesses will become voluntary rather than mandatory.
- Public sector engagement in Bitcoin-related activities will be reduced, and tax payments will only be accepted in US dollars.
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Cryptoslate
1w
226
Image Credit: Cryptoslate
Bitget Announces Strategic Collaboration with the TRON Blockchain including the Acquisition of $10M of TRX
- Bitget, a leading cryptocurrency exchange and Web3 company, has announced a strategic collaboration with the TRON blockchain.
- As part of the collaboration, Bitget has acquired $10M worth of TRX, the utility token of TRON.
- The collaboration aims to expand TRON's global network within the blockchain ecosystem, including CEX, DeFi, and other decentralized applications.
- The strategic collaboration reflects the shared vision of both parties to make blockchain technology more accessible and cost-effective for users worldwide.
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Coindoo
1w
59
Image Credit: Coindoo
Mantle Network Advances Technical Roadmap As The First ZK Validity Rollup with Succinct’s SP1
- Mantle Network has established an industry-first alliance with Succinct and moved to a zero-knowledge (ZK) validity rollup. The move will enable institutional-grade settlement and value transfer in the crypto ecosystem.
- Since its inception in July 2023, Mantle Network has grown to become a top 5 L2 by total value locked (TVL) with $2.2 billion. The network has processed 175 million on-chain transactions, and seen 1.4 million smart contracts deployed.
- With the testnet launch in Q1 2025, Mantle Network will move from an optimistic rollup model to a ZK validity rollup through Succinct’s SP1. Mantle Network transactions will be verified to be correctly sequenced and settled, allowing for greater security.
- The integration of ZK validity rollup technology reduces chain finality from seven days to one hour, enabling fast institutional-grade asset settlements that support and address capital efficiency opportunities throughout traditional finance and the blockchain industry.
- The advancement reaffirms Mantle Network’s alignment with Ethereum’s security ethos while laying the groundwork for cross-rollup interoperability at scale through ZK proofs.
- Mantle Network's integration of Succinct’s SP1 provides standardization that addresses Ethereum’s existing challenges enabling a more cohesive ecosystem with seamless asset and information flows for developers and users.
- With the strategic integration of SP1, Mantle allows efficient and unparalleled high-value transactions with 24/7 settlements at the cost of just a few cents.
- Mantle Network’s integration of ZK validity rollup technology will provide crucial next-generation technical infrastructure to support and amplify secure growth of high-value asset settlements.
- The integration of ZK validity proofs can allow Mantle's flagship assets to proliferate across the wider decentralized finance (DeFi) domain, improving swap market spreads, lower slippage, deeper money markets, and broader asset availability.
- Mantle Network's adoption of Succinct’s SP1 positions it as a leader in scalability and innovation, enabling a faster, more secure, and interconnected Ethereum future for developers, users, and ecosystem partners.
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Cryptoslate
1w
268
Image Credit: Cryptoslate
Metaplanet rides 2200% stock growth wave to enter US market with Bitcoin focus
- Japanese Bitcoin-focused investment firm, Metaplanet, will begin trading its shares on the US OTCQX Market on Dec. 19.
- Metaplanet's stock has grown by over 7% on the Japanese exchange, reaching ¥3,770.
- This move is driven by increasing global interest in Metaplanet's Bitcoin Treasury Strategy.
- Metaplanet aims to attract more cross-border investment and build global investor confidence.
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Coindoo
1w
93
Image Credit: Coindoo
Marinade Finance Makes Strategic Investment in SuperSol
- Marinade Finance has made a strategic investment in SuperSol, the first native Layer-2 scaling solution for Solana.
- SuperSol is a Layer-2 scaling solution that builds on top of Solana’s existing architecture to offer increased scalability and enhanced performance.
- Through this strategic investment, Marinade aims to help SuperSol accelerate its development and adoption and position itself at the forefront of the efforts to improve Solana’s Layer-1 and Layer-2 capabilities.
- Marinade Finance is a non-custodial liquid staking protocol built for the Solana blockchain.
- Marinade allows users to automatically stake SOL tokens, Solana’s native cryptocurrency, while receiving mSOL, a liquid staking derivative.
- SuperSol is designed to meet the increasing demands of decentralized applications by providing enhanced efficiency, reliability, and real-time performance.
- The investment by Marinade Finance will significantly contribute to the overall growth and decentralization of the Solana network.
- SuperSol’s focus on improving Solana’s real-time performance and scalability will make Solana even more attractive option for developers and users alike.
- SuperSol is the brainchild of Eva Oberholzer, whose impressive credentials include former roles as Chief Strategy Officer at Cardano and Chief Growth Officer at ICP.
- Marinade’s support for SuperSol is more than just a monetary contribution – it’s a strategic partnership aimed at fostering innovation and ensuring Solana’s continued growth.
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Coinjournal
1w
204
Image Credit: Coinjournal
El Salvador to ‘confine’ its Bitcoin activities in $1.4bn loan deal with the IMF
- El Salvador will receive a $1.4 billion loan from the IMF over the next 40 months as it 'confines' its Bitcoin-related activities.
- The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies, according to the IMF.
- Taxes will only be paid in US dollars, and El Salvador's government participation in its Chivo crypto wallet will be gradually unwound.
- El Salvador is expected to receive additional funding support from other major banks, totaling over $3.5 billion.
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Cryptoslate
1w
367
Image Credit: Cryptoslate
Arthur Hayes predicts crypto slump around Donald Trump’s inauguration
- BitMEX co-founder Arthur Hayes predicts a sharp downturn in the crypto market around Donald Trump's inauguration.
- Hayes attributes this potential decline to a mismatch between high expectations of crypto investors and the limited ability of Trump to implement sweeping policy changes.
- He believes that the market will realize that Trump has only a year to enact meaningful changes before the focus shifts to the 2026 mid-term elections.
- Hayes anticipates significant sell-offs across the crypto sector and equities tied to Trump's second term, affecting Bitcoin's rally.
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Financemagnates
1w
414
Image Credit: Financemagnates
Why Is Bitcoin Down Today? BTC Price Sees Sharpest Drop in 135 Days
- Bitcoin (BTC) is facing significant volatility following the Federal Reserve's (Fed’s) latest monetary policy announcement.
- Bitcoin touched $98,760 in a sharp downturn, losing nearly $10,000 from its recent all-time high (ATH).
- This marked the largest single-day drop since August 5. $661 million in leveraged long positions have been liquidated in the cryptocurrency market.
- Federal Reserve's hawkish stance on future interest rate cuts caused the decline and reassessment of risk positions across assets.
- Bitcoin fell by 5.6% during Wednesday's session, testing levels below the $100,000 mark again.
- The cryptocurrency market's reaction mirrors the complex interplay between monetary policy and digital asset valuations.
- Ethereum (ETH), XRP, Solana, and Dogecoin also saw losses.
- Market specialists suggest the possibility of short-term price movements toward the low $90,000 range.
- Bitcoin benefits short-term support provided by the 20-day exponential moving average (20 EMA).
- VanEck forecasts $180,000 for Bitcoin by Q1 2025 and anticipates the ongoing crypto bull market to culminate in its first major peak during Q1 2025.
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Cryptoticker
1w
76
Image Credit: Cryptoticker
Will Bitcoin Price Crash to $40,000?
- Bitcoin price has been on a rollercoaster ride lately, with its value slipping under $100,000 during late U.S. trading hours before bouncing back slightly in early Asian hours.
- The recent dip in Bitcoin's price can be attributed to a combination of macroeconomic signals and regulatory uncertainty.
- The Federal Reserve's hints about potential rate cuts in 2025 initially created some market optimism, but this was quickly overshadowed by remarks from Fed Chair Jerome Powell, dampening investor sentiment.
- This regulatory uncertainty, combined with market jitters over Trump's campaign promise to retain and possibly expand the government's seized Bitcoin holdings, has likely contributed to increased volatility.
- The question of whether Bitcoin's price could crash to $40,000 hinges on a mix of macroeconomic factors, market sentiment, and regulatory uncertainty.
- While Bitcoin's journey to $40,000 remains within the realm of possibility under worst-case scenarios, its resilience as a decentralized asset and ongoing demand as an inflation hedge make a crash of this magnitude improbable in the near future.
- The next critical milestones will be clear guidance from the incoming administration and how markets react to evolving monetary and fiscal policies.
- Investors should brace for heightened volatility but also recognize the opportunities that Bitcoin's price fluctuations may present in this uncertain environment.
- The market's reaction to Trump's policies, particularly their inflationary effects, will be a key determinant.
- Persisting inflation could erode confidence in traditional assets, potentially driving more interest in Bitcoin as an inflation hedge.
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NullTX
1w
328
Image Credit: NullTX
2024’s Crypto Elite: Unveiling the Power Players Among Best Cryptos Revolutionizing Your Wallet
- BlockDAG (BDAG) is a prominent digital asset leading the way with its cutting-edge technology and user-centric innovations.
- Ethereum (ETH) remains a cornerstone of the crypto community with its transition to Ethereum 2.0.
- BNB (Binance Coin) plays a crucial role in the Binance ecosystem and stands as a promising investment.
- Solana (SOL) offers lightning-fast and efficient blockchain transactions, attracting developers in the DeFi and NFT arenas.
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Cryptoslate
1w
129
Image Credit: Cryptoslate
Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth
- The Polygon community rejects a proposal to deploy $1.3 billion in stablecoins from its PoS bridge to Morpho for DeFi growth.
- Concerns were raised about the lack of a consent mechanism and potential risks to the network.
- Critics highlighted risks to the stability of Polygon's ecosystem and the potential for liquidity crises.
- Aave-Chan Initiative founder Marc Zeller submitted a counter-proposal, causing a dispute with Aave.
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