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Cryptography News
NullTX
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Ethereum Sees Bullish Momentum As Golden Cross Signals Rally Potential
- Ethereum ($ETH) has triggered a Golden Cross, with its 50-day SMA crossing above the 200-day SMA, indicating bullish momentum.
- Historically, this pattern has led to significant price rallies, with speculation of Ethereum surpassing $5,000 in the coming months.
- In a recent move, a trader known as 'ETH Band Brother' sold 12,525.4 ETH for a profit of $1.08 million, showcasing dynamic trading activity among whales.
- Institutional interest in Ethereum continues to grow, with the Ethereum spot ETF recording $102 million in net inflows on December 11.
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NullTX
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Polkadot Ecosystem Transactions Triple Since January 2024
- Polkadot's ecosystem has seen a dramatic surge in activity, with daily transaction counts tripling since January 2024.
- In Q3 2024, Polkadot transactions surged 69% quarter-over-quarter (QoQ), fueled in part by the Mythical ecosystem.
- November 2024 saw Polkadot and its parachains hit new transaction records, processing over 41 million transactions.
- This surge in activity demonstrates Polkadot's ability to handle increased demand across diverse use cases and confirms its position as a leader in blockchain innovation.
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Cryptoticker
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Image Credit: Cryptoticker
Why is AVAX Price UP while the Market is DOWN?
- The Avalanche9000 launch is expected to be a game-changer for the Avalanche (AVAX) blockchain.
- The upgrade includes a shift from a costly upfront validator payment to a more affordable subscription model, enhancing interchain communication, and introducing a more efficient structure for subnets.
- A successful $250 million private token sale has strengthened Avalanche's treasury, supporting further developments within the ecosystem.
- Experts predict a bullish future for AVAX price, with price targets ranging from $75 to $184.19 following the Avalanche9000 launch.
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Cryptoslate
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Image Credit: Cryptoslate
Gate io denies hacking rumors amid its GateToken rally to new ATH
- GateToken, the native crypto of the Gate.io exchange, has surged to a new all-time high despite rumors about a potential security breach circulating on social media platforms.
- Gate.io confirms that all services, including deposits, withdrawals, and trading, remain fully operational and there have been no abnormalities detected by their security team.
- Gate.io's Chief Business Officer assures users that the platform is secure and backed by reserves exceeding $10 billion.
- The rumors of a security breach began when unverified information was impulsively shared by a crypto influencer, but Gate.io plans to address the misinformation and provide evidence to counter the claims.
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Bitcoinmagazine
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Governments And Large Institutions Can Buy All The Bitcoin They Want (Except Yours)
- The concern is that governments and institutions buying large amounts of Bitcoin could influence the consensus rules to impose censorship.
- Mining centralization is a more direct threat to censorship.
- If economic nodes enforce censorship as new protocol rules, it can lead to a soft fork.
- The best countermeasure is not to sell Bitcoin to governments or large institutions.
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Cryptoslate
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Layer3 Co-founder Brandon Kumar on building a user-centric crypto engagement platform
- Layer3’s platform provides users with a more direct connection to protocols and projects within the crypto ecosystem. The platform aims to create meaningful on-chain engagement rather than superficial activity. The journey to build Layer3 from traditional finance to crypto allowed Brandon Kumar, co-founder of Layer3, to recognize the potential of the crypto space early on. Layer3 aims to expand its operations into three core verticals: distribution, trading, and a skunkworks division. Finally, by aligning user incentives with on-chain engagement and creating multi-product offerings, Layer3 aims to redefine Web3 participation.
- Layer3’s core mission centers on “user-owned value,” which flips the traditional advertising model. Unlike traditional platforms, Layer3 ensures users share the economic value generated from their activity.
- Kumar’s background in traditional finance at Accolade Partners shaped his approach to Layer3. He recognized the importance of robust business models and defensibility to make strategic choices in Layer3's growth.
- Layer3 supports Decentralized Autonomous Organizations (DAOs) and is a delegate in Optimism and Arbitrum. It bridges the gap between layer-one (L1) and layer-two (L2) ecosystems like Optimism and Arbitrum seeking to attract users and developers and users looking for meaningful ways to engage with on-chain protocols.
- Regulatory uncertainty is one of the most significant challenges for Layer3 and the entire crypto industry. Kumar notes the burden of compliance faced by U.S.-based crypto startups and the complications of navigating regulations.
- Layer3 aims to expand its operations into three core verticals: distribution, trading, and a skunkworks division focused on cutting-edge development at the intersection of AI, conversational finance, and crypto. It also plans to introduce a proprietary token to facilitate revenue-sharing and user incentives.
- Kumar sees two major narratives dominating the next crypto cycle: mobile-first development and the “TikTok-ification” of capital markets. Gen Z’s financial habits are shaped by platforms like Robinhood, sports betting apps, and crypto-native products.
- The SlateCast episode with Brandon Kumar provided deep insights into the evolution of user-owned value, Layer3’s ambitious plans for crypto engagement, and the role of regulation in shaping the industry’s future.
- Layer3’s approach to user-owned value and multi-channel engagement may offer a blueprint for the next era of decentralized growth as regulatory frameworks develop and more crypto-native projects seek to engage users directly.
- Finally, Layer3’s platform offers users trading, prediction markets, and on-chain engagement opportunities, engaging with projects across the crypto ecosystem.
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Cryptoslate
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IQ launches decentralized autonomous AI agents for conversational trading execution
- IQ has launched its Agent Tokenization Platform, allowing users to create autonomous AI agents for decentralized trading execution.
- The platform introduces entities that function as sovereign blockchain entities, capable of refining their capabilities through tokenized ecosystems.
- IQ aims to simplify decentralized finance by integrating conversational AI interfaces, allowing users to direct agents through prompts for complex tasks.
- The platform incorporates tokenization, autonomy, and on-chain governance, and plans to migrate existing AI products into the new model.
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Cryptoticker
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Image Credit: Cryptoticker
Why Is the Crypto Market Down Today?
- The cryptocurrency market experiences a minor dip today, with a 1.34% decline in market capitalization.
- Bitcoin remains dominant, comprising 54.77% of the total market cap.
- The dip in market capitalization indicates a decrease in trading activity and investor confidence.
- The market may consolidate in the short term, but a rebound is possible if buying pressure increases.
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Coinjournal
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Image Credit: Coinjournal
French Hill voted in to chair US House Financial Services Committee next year
- French Hill, a crypto-friendly Republican, has been voted to chair the US House Financial Services Committee in the next year's new Congress.
- Hill won the race against representatives Andy Barr, Bill Huizenga, and Frank Lucas, who are also supportive of cryptocurrencies.
- He has championed crypto bills and legislation to regulate digital assets, demonstrating his commitment to the industry.
- Hill will take over the position from the current Chair Patrick McHenry, aiming to enact a clear regulatory framework and consumer protections for the digital asset ecosystem.
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NullTX
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Image Credit: NullTX
SUI PRICE ANALYSIS & PREDICTION (December 13) – SUI Resumes Buying After A Small Reduction, Up 20% Overnight
- SUI experienced a small reduction but regained strength, looking bullish.
- Maintained higher high and higher low movement, broke resistance at $4.5.
- Price currently sitting around $4.8, potential for a surge to $10.
- Key resistance levels to watch: $5, $6, $7. Key support levels: $2.973, $2.37, $1.77.
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NullTX
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NOTCOIN PRICE ANALYSIS & PREDICTION (December 13) – NOT Stagnates Under $0.013 As It Brews For Another Sell-Off
- Notcoin, after experiencing a significant drop in value, has found support and increased slightly.
- The price has remained stagnant due to a decrease in buy volume and low volatility.
- A further drop from the current trading level could trigger another sell-off.
- Key levels to watch are $0.0085 as support and $0.0145 as resistance.
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NullTX
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Image Credit: NullTX
BINANCE COIN PRICE ANALYSIS & PREDICTION (December 13) – BNB Slowly Bounces Back After Locating Support, Ready For Stronger Rally
- BNB encountered resistance and took a sharp downturn after rising by over 50% in a month.
- Despite a recent crash, BNB remains bullish monthly and is ready for a stronger rally.
- The price recovered above the vital $700 level and is expected to see increased buying volume in the next few days.
- Key resistance levels to watch are $721.8, $761, and $793.9, while key support levels are $687.7, $642, and $600.
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Cryptoslate
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Image Credit: Cryptoslate
Bitcoin ETFs break $4 billion in inflows during first weeks of December
- Spot bitcoin ETFs recorded more than $4 billion in combined inflows from Dec. 2 through Dec. 12.
- BlackRock and Fidelity contributed strongly to total flows with no outflows and persistent inflows over $100 million.
- Cumulative totals from Dec. 2 reached $353.6 million, with Dec. 3 adding $676 million, followed by several other days posting hundreds of millions each.
- The aggregate figure across the reporting period exceeded $4.4 billion.
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NullTX
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5 Best New Meme Coins to Invest in This Week: Opportunities You Can’t Afford to Miss
- This week's meme coin market is bursting with opportunities.
- The best new meme coins to invest in this week are BTFD Coin, Dogwifhat, Ponke, Neiro, and Brett.
- BTFD Coin leads the meme market with its high-stakes presale and vibrant community.
- Other notable meme coins include Dogwifhat with its quirky branding, Ponke with its focus on grassroots community building, Neiro with its AI-powered meme features, and Brett with its mission-driven approach.
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Cryptoslate
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Image Credit: Cryptoslate
Regulated exchanges dominate Bitcoin trading volumes
- The trading volume ratio between KYC and non-KYC exchanges provides insight into the market's behavior.
- KYC exchanges dominate trading volumes, serving as a barometer for market sentiment.
- Regulated exchanges consistently have higher trading volumes than non-regulated platforms.
- Non-KYC platforms primarily cater to retail traders and have limited influence on the market.
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