Crypto News

Following its explosive climb, Shiba Inu gained household recognition in the market in 2021. Beginning the year at barely $0.0000000001 per coin, SHIB shot to an all-time high of $0.00008616 by October 28, 2021. This astounding rise of about 51,000,000% produced a tsunami of crypto millionaires and shot SHIB into international recognition.  But Shiba Inu is selling at roughly $0.00002288 per coin as of December 25, 2024, a considerable drop from its peak of approximately 73%. With SHIB’s price swings over 2024, this fall emphasizes meme coins’ instability and erratic character. Projecting a potential high of $0.0000344 in 2025, which would represent a 50.35% rise from its present value, analysts forecast a modest increase for SHIB. Still, Shiba Inu’s future development is unknown, especially in light of more recent, more creative ventures attracting investment interest. Rexas Finance (RXS): The Best SHIB Competitor? Rexas Finance (RXS), a cryptocurrency with a real-world use ca...

Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD/Luna. Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US. He is also wanted in South Korea over Terra’s $40 billion crypto implosion in 2022. Montenegro has finalized the extradition of Terraform Labs founder Do Kwon to the United States, Montenegro Prime Minister Milojko Spajic has said. The extradition comes just days after Montenegro’s Justice Minister Bojan Božović signed the extradition , with this coming on the back of the country’s Constitutional Court rejecting Do Kwon’s appeal. Montenegro Prime Minister confirms Kwon extradition “Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case. Our nation welcomes innovation and legitimate crypto, AI and other tech entrepreneurs – but we have zero tolerance for fraud. This extradition demonstrates our unwavering commitment to internat...

Multiple small cap cryptocurrencies are witnessing notable price gains as profit taking cools for the major coins. Zerebro and Goateus Maximus rank as two of the biggest daily gainers as Bitcoin regains support above $94k. As traders eye potential bullish momentum in the coming months, what’s the price prediction for AI agent token iDEGEN ? Will it explode to surpass sector rivals ai16z, ZEREBRO and GOAT? Is the outlook for Bitcoin key? What next for Bitcoin and altcoins? The overall sentiment remains bullish, but immediate action for most altcoins is slightly bearish. Analysts looking at Bitcoin and the altcoin market suggest the bull market correction may yet extend. For Bitcoin for instance, bulls may have to defend the $90k-$85k area if bears establish control short term. Ran Neuner, crypto trader and founder of Crypto Banter, has pointed to the Crypto Fear & Greed Index. He shared via X: “Corrections are a function of a change in sentiment from exuberance to fear. In ev...

MoonPay has received regulatory approval as MiCA compliant. The crypto payments platform has secured a license in the Netherlands. Crypto payments platform MoonPay has secured a license under the European Union’s Markets in Crypto-Assets regulation. MoonPay announced that the Dutch Authority for the Financial Markets (AFM) has approved its application for registration under MiCA rules. The Dutch regulator granted the license, which means MoonPay can now offer its services and products across Europe as guided and regulated under MiCA. “This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a trusted bridge between the traditional financial world and the rapidly evolving crypto ecosystem,” MoonPay co-founder and chief executive officer Ivan Soto-Wright said in a statement. MiCA roll out The platform’s milestone is key to its growth, with MiCA providing a unified regulatory and legal framework for crypto industry players in th...

Expectations for a “Santa rally” were dashed as prices of major coins traded sideways throughout the festive week. Spot crypto ETFs logged mixed performance while open interest continued to fall across major cryptos. Bitcoin Bitcoin’s price fell from a weekly high of $99,859 to close at $93,449. However, the intermediate time frame analysis shows ranging movement that failed to break the previous week’s high or low. Meanwhile, Bitcoin spot ETF flows logged four consecutive days of net outflows leading into Dec. 24. For the week ending on Dec 27, inflows were a net negative $89.70Mn. Bitcoin’s open interest in the CME continues to dwindle with a strong price correlation as traders close their positions for the year. BTC trades at $93,970.06 as of publishing. Ethereum Ethereum’s price action ranged throughout the week on lower volumes and open interest in the official markets and across major exchanges. Like Bitcoin, Ethereum’s price failed break below the previous week’s ...

Despite rising by over 250% in 2024, XRP price could test $1.96 as 2025 starts. Eyes are on the outcome of the US SEC appeal. Amid the XRP price uncertainties, iDEGEN has emerged as a possible alternative investment. XRP price analysis suggests a potential decline below the $2 mark as 2024 comes to a close, despite its impressive gains throughout the year. However, amidst this uncertainty, iDEGEN emerges as a promising alternative for investors eyeing significant returns. With its innovative AI-driven model and dynamic presale strategy, iDEGEN could be on track for substantial growth, potentially offering up to 5x gains by 2025. A possible 25% XRP price pullback Ripple (XRP) has been on a rollercoaster this year. Its price has surged over 250% since the start of 2024, reaching above the $2 threshold for the first time since 2018. Technical analysis and market sentiment hint at a possible correction with the current chart patterns showing signs of exhaustion after such a rapi...

Michael Saylor, founder of MicroStrategy, has shared the company’s Bitcoin tracker on X. The market expects an annoncement that the company has acquired another chunk of BTC. Bitcoin price hovered near $94,800 at the time of Saylor’s post on Dec. 29 MicroStrategy founder Michael Saylor has posted the company’s Bitcoin (BTC) tracker chart on X again. In recent months, every such post has been followed by an announcement that the world’s largest corporate holder of the flagship digital asset had acquired another haul. Industry experts and observers have been quick to point out that MicroStrategy is about to announce another major BTC purchase. NEW: Michael Saylor posted his BTC purchase tracker again, which means MicroStrategy will announce another HUGE #Bitcoin purchase tomorrow. SAYLOR IS THE GOAT 🐐 pic.twitter.com/48RTgEE1ud — Nikolaus Hoffman (@NikolausHoff) December 29, 2024 Noticeably, MicroStrategy has acquired additional BTC for billions of dollars in recent mon...

Theta Network, the decentralized cloud platform for artificial intelligence, media and entertainment, is among the top trending projects today in terms of market performance. Analysts predict bullish potential for THETA price, with support expected around $1.8 Data from CoinGecko shows the native Theta Network (THETA) token has surged by more than 10% in the past 24 hours at the time of writing. Theta ‘s price gains on the day come as the broader AI sector records upward momentum. In the past day, several AI-powered projects and meme coins have increased in value as bulls target new forays ahead of a potentially defining few months. NEAR Protocol (NEAR), Internet Computer (ICP), RENDER (RENDER), Artificial Superintelligence (FET) and Virtuals Protocol (VIRTUAL) were all in the green over the past 24 hours and week. These gains have also seen tokens such as ai16z, aixbt and Fartcoin rally, with the AI meme sector recording even higher returns in the same period as the AI agent mar...

VERUM price jumped more than 70% to hit a new all-time high above $3,163. The cryptocurrency’s value has increased amid key wallet integrations. Verum Coin (VERUM) outperformed the top 500 cryptocurrencies by market cap in the past 24 hours as its price jumped 70% to hit a new all-time high. The altcoin ’s price rose as the broader market experienced a slow Christmas week, with Bitcoin remaining ranged below $95k and Ethereum, XRP and Solana all retesting key levels. Gains push VERUM price to new high On Dec. 29, VERUM price hit a new all-time high above $3,163 – a new ATH that meant the token’s value traded at levels over 2,200% higher than its all-time low of $131 reached in June 2024. Verum Coin had initially plummeted from highs above $2,200 early this month and stagnated around $1,150 over the past week as BTC retraced further after paring gains from the parabolic surge to above $108k. With the latest moves, VERUM has surged more than 179% in the past week. The current p...

Optimism (OP) surged after Binance announced upgrade and hard fork support Optimism (OP) price rose by more than 5% on Dec. 27, breaking to intraday highs of $1.89. The gains for the native token of the layer-2 blockchain network came as the community reacted to positive news. Earlier in the day, Binance, the world’s largest crypto exchange by volume, announced it would be supporting the upcoming network upgrade and hard fork of Optimism . Binance Will Support the Optimism (OP) Network Upgrade & Hard Fork 👉 https://t.co/LtO3AKJmZm — Binance (@binance) December 27, 2024 Optimism’s network ugrade and hard fork takes place on January 9, 2025 at 18:00 UTC. “Starting at approximately 2025-01-09 17:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Optimism (OP) network to support its network upgrade and hard fork to ensure the best user experience,” Binance wrote in an announcement. OP protocol upgrade Optimism’s network upgrade is a major mi...

Bitget has outlined a new token buyback plan in its just released whitepaper. The exchange will burn 40% of its native token BGB. Future burns include 20% of exchange profits – which will be used to buy BGB off the market. Bitget has announced plans to burn 800 million BGB tokens valued at $6.8 billion. The exchange in its newly released whitepaper , indicates an initial token burn of 40% of its total supply. Per the details, this will be about 800 million BGB, with completion seeing the exchanges’ native token’s circulating supply drop to 1.2 billion. Quaterly burn and BGB buyback From early 2025, the whitepaper release indicates that Bitget will introduce quarterly burns for BGB tokens. It will also initiate quarterly burns of 20% profits from Bitget exchange operations and Bitget crypto wallet. The funds raised through the operations will be used to buy back and burn BGB. #Bitget introduces a buyback and burn plan to further enhance #BGB value for HODLers with deflatio...

The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin” Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million Bitwise has filed a proposal with US regulators to launch a new exchange-traded fund (ETF) to invest in publicly traded companies that hold substantial Bitcoin reserves. Under the Bitwise Bitcoin Standard Corporations ETF, the ETF issuer would invest in businesses that “hold at least 1,000 Bitcoin in its corporate treasury,” according to a December 26 filing with the US Securities and Exchange Commission (SEC). To further qualify to be included in the ETF, companies need to have a market capitalization of at least $100 million, an average daily liquidity of $1 million or more, and a public free float of less than 10%. The proposed ETF from Bitwise w...

Shiba Inu (SHIB) has long dominated the memecoin market, attracting retail and institutional investors. However, Rexas Finance, a $0.150 utility-rich cryptocurrency, is currently challenging its market position. Rexas Finance’s revolutionary real-world asset (RWA) tokenization and focus on actual use cases are changing the industry, unlike Shiba Inu, which relies on community interaction and speculative trading. Rexas is drawing institutional interest and pitching itself as a digital asset game-changer with features like the Token Builder and Launchpad.  As Rexas Finance grows, it could challenge Shiba Inu’s supremacy and provide investors with a more viable long-term growth and financial inclusion option. Shiba Inu (SHIB): Feeling The Heat Of Rexas Finance   As of December 26, 2024, Shiba Inu Token is trading for $0.000021 per token. It reportedly has a market cap of $12.93 billion and a reported daily trading volume of $665.92 million, placing the coin at the top of the cr...

The $21 million BTC purchase follows the KULR’s announcement on Dec. 4. Other companies to launch a Bitcoin treasury strategy in recent weeks include Rumble, Marathon Digital, Semler Scientific and Thumzup. MicroStrategy is the biggest corporate holder of Bitcoin with over 444k BTC KULR Technology Group, Inc., listed on the New York Stock Exchange, is the latest tech company to adopt Bitcoin as a treasury asset. A few weeks after the energy management platform announced plans to add BTC to its treasury, the company announced on Dec. 26 that it had officially begun the initiative. KULR said in a press release that its first purchase involved 217.18 bitcoin acquired for $21 million. KULR’s bitcoin bag was acquired at the average purchase price of $96,556.53 per BTC. On Dec. 4, when the publicly-listed company disclosed its Bitcoin treasury strategy, it revealed plans that included allocating up to 90% of the firm’s surplus cash to the flagship cryptocurrency. KULR Technology ...

Over 30% of South Koreans now invest in crypto, with 15.59M holders in November. Crypto trading volume in South Korea now rivals stock markets, with daily trades hitting 14.9 trillion won. iDEGEN, an AI-powered coin that has raised $8.7M in its ongoing presale, is capturing investors’ attention. According to a recent report , South Korea’s cryptocurrency market is booming, with over 30% of the population now investing in digital assets. The number of crypto holders recently surpassed 15 million, fueled by optimism following Donald Trump’s US presidential election victory. Amid this surge, a new cryptocurrency, iDEGEN , has captured the attention of investors, thanks to its innovative pricing model and AI integration. Here’s a closer look at the trends reshaping the market. South Korea’s cryptocurrency boom: facts and figures According to data from the Bank of Korea, over 15.59 million individuals in South Korea held crypto assets by the end of November 2024, marking an increase...

The PENGU token currently trades at $0.03548, up 609% since its launch. The token is currently ranked at position 59 by market cap on CoinMarketCap. It has overtaken WIF and GRT in terms of market cap ranking. In a remarkable display of market enthusiasm, the newly launched Pudgy Penguins (PENGU) token on the Solana blockchain has witnessed its market capitalization skyrocket by 521% since its debut. Launched with a total supply of 88,888,888,888 tokens and a circulating supply of 62.416 billion tokens, PENGU has quickly become a focal point for the crypto community, especially those involved with the Pudgy Penguins NFT project, which comprises an 8,888-piece NFT collection launched in 2021 on the Ethereum blockchain . This impressive performance has positioned $PENGU as one of the standout tokens in the Solana ecosystem and propelled the token to position 59 by market cap overtaking more established coins like Dogwifhat (WIF) and The Graph (GRT). The token’s market cap hit an ...

Ethereum ETFs inflows are outdoing Bitcoin ETF inflows. BlackRock’s iShares Ethereum Trust (ETHA) ETF leads with a $89.51M inflow on Dec 23, 2024. This Market shift may signal an altcoin season in 2025. In a surprising turn of events in the cryptocurrency market, Ethereum spot ETFs have been experiencing significant inflows, overshadowing the outflows noted in Bitcoin ETFs. On December 23, 2024, Ethereum ETFs recorded a net inflow of $130.8 million, with BlackRock’s iShares Ethereum Trust (ETHA) ETF leading with $89.50 million and Fidelity’s Ethereum ETF (FETH) adding $46.40 million according to Coinglass data . In stark contrast, Bitcoin ETFs saw outflows totalling $226.50 million on the same day. This trend has been consistent over recent weeks. For instance, on December 12, Ethereum spot ETFs had a cumulative net inflow of $273.70 million, continuing their streak of 14 consecutive days with positive inflows. BlackRock’s ETHA ETF alone saw a single-day net inflow of $202.30 mi...

Some investors are left wondering whether they have missed the boat by failing to get in early on Bitcoin, with BTC’s fantastic gains over the last few years transforming many investors into millionaires and in some cases even billionaires.  While it might be too late to see those types of gains from Bitcoin, the crypto market is still ripe with possibilities. Rexas Finance (RXS) and Tron (TRX) are quickly rising as top contenders for individuals looking for long-term investments with a strong basis. Both tokens fill significant voids in blockchain technology and show great promise for exponential returns. Rexas Finance (RXS): Revolutionizing DeFi and Real Estate Tokenization Rexas Finance’s creative use case in real estate tokenization ensures its long-term viability. By harnessing blockchain technology, RXS offers fractional ownership of buildings, making real estate investing accessible to a worldwide audience that previously faced barriers. This strategy upsets established...

Cleanspark targets 50 EH/s in first six months of 2025. The Bitcoin miner reached 37.5 EH/s in 2024, exceeding the projected hashrate amid expansion efforts. Bitcoin mining company CleanSpark has surpassed its 2024 operating hashrate target of 37 exahashes per second, hitting the key milestone amid expansion efforts in the US. On Dec. 23, the Nasdaq-listed BTC miner announced it achieved 37.5 EH/s, surpassing its 2024 guidance of reaching 37 EH/s. The Bitcoin miner hit its guidance for the year amid a jump in fleet efficiency, which reached 17.7 Joules per Terahash (J/Th), which now sees the firm target 50 EH/s in the first half of 2025. 300% hashrate surge in 2024 Additional hashrate came from the newly energized sites. CleanSpark’s acqusition deals and fleet upgrades also helped the miner hit the above levels. Crucial to the company’s efforts are its new data centers in Tennessee and Wyoming coming online this past week. “Our teams have been hard at work throughout the ent...

$60Mn worth of USDC has been withdrawn from the HyperLiquid trading platform as wallet addresses linked to North Korean hackers have allegedly begun trading on the platform Experts believe these trades, which have accumulated a $700,000 loss are tests for weaknesses. As of writing, about $60Mn in USDC has been withdrawn from the HyperLiquid perpetual trading platform on fears that activities from wallets linked with North Korea may precede an attack. Wallet addresses linked to North Korean hacking groups began executing trades on the Perp trading platform over the weekend. An X user familiar with cybersecurity and the activities of DPRK (Democratic People’s Republic of Korea) hacker groups, called Tay, noted that “DPRK doesn’t trade. DPRK tests” suggesting that these trades (though losses) were made so the hackers could familiarise themselves with HyperLiquid’s platform. lol @ all you retards who think the risk is USG forcing Hyperliquid to freeze AAAAAAAAAAHHAHAHHHAHAHAHAHAHAH...

The crypto market spent the greater part of last week trading consistently lower. Yearly profit-taking is a major reason for price declines as institutions close positions for the year, although the Fed’s hawkish stance at the Dec. 18 policy meeting also played a role. Open Interest in major cryptos showed weekly declines. Bitcoin Bitcoin’s price fell from the weekly high of $108,372 on Dec. 17 to a low of $92,555 before closing the week around $97,700. However, despite the 9.7% drop, Bitcoin’s price has not changed character to the downside. Open Interest data shows a reduction in open contracts at the CME which correlates with price declines. The Fed’s policy decision on Dec. 18 favoured a 25bps slash. However, Fed Chair Jerome Powell expressed hawkish sentiments concerning slashing plans next year, exacerbating selloffs. Meanwhile, Bitcoin spot ETF inflows data shows outflows on Dec. 19 and 20 totalling $948.90Mn. Net inflows from Dec. 16 to Dec. 20 were $447.00Mn. Bit...

Despite a market-wide price decline at the start of last week, the crypto market recovered as Bitcoin closed the week at $102,800. Bitcoin has now reached a new all-time high of $106,000. Meanwhile, US spot crypto ETFs continue to log consecutive positive days of inflows. Bitcoin Bitcoin has logged new highs of $106,400 since its dip last week to $94,000, driven largely by positive ETF inflows as US spot Bitcoin ETFs record another week of consecutively positive daily inflows. From Dec. 9 to Dec. 13, $2.17 billion flowed into the top 10 US spot BTC ETFs. Current price action shows Bitcoin has broken its previous high of $104,000 and trades at $104,500 after reaching a new high of $106,600. The Fed rate policy decision coming up on Dec. 18 could significantly impact price action. Expectations are hawkish with more controlled slashes moving into next year, which could negatively impact risky assets like Bitcoin. Price technicals support a hawkish stance as Bitcoin’s price co...

Bitcoin hit $106,400 in the early hours of December 16 Crypto trader believes the next three to four weeks are going to be significant for Bitcoin if history repeats Investors believe Bitcoin reaching $120,000 by the end of 2024 is achievable Bitcoin set a new all-time high above $106,000 following news that President-elect Donald Trump is considering plans to create a US Bitcoin strategic reserve. In the early hours of December 16, Bitcoin topped more than $106,400, according to data from CoinMarketCap. Bitcoin reaches over $106,000, setting a new all-time high. Source: CoinMarketCap At the time of publishing, Bitcoin has retraced slightly to $104,700. Over the past year, the world’s largest crypto asset has risen nearly 148% in value. Bitcoin’s previous high was set on December 5, hitting close to $104,000 . News of Bitcoin’s rally comes as Trump announced he’s considering creating a US Bitcoin strategic reserve similar to its oil reserve. Speaking to CNBC last week, Tr...

Moca Network (MOCA) surged 370% after listing on Upbit, Bithumb, and Binance Futures. Binance Futures launched MOCA USDT Perpetual Contracts with up to 75x leverage, increasing liquidity. Whale activity suggests institutional interest and reinforces MOCA’s market appeal. Moca Network (MOCA) has experienced a spectacular surge in value, rising by 370% to hit an ATH of $0.4219 following its recent listings on Upbit, Bithumb, and Binance Futures. MOCA’s Futures open interest (OI) also jumped an astounding 1,250% within a day, reaching $33.27 million, signalling strong trader engagement. Moca Network (MOCA) lists on Upbit, Bithumb, and Binance Futures MOCA is now available in Korean Won (KRW) trading pairs, along with BTC and USDT spot pairs on Upbit. 신규 디지털 자산 모카버스(MOCA) 거래지원 안내 ✅ 지원 마켓: KRW, BTC, USDT 마켓 📅 거래지원 개시 시점: 2024-12-16 14:00 예정 🔗 공지 바로가기: https://t.co/oFC8cktPXp #Upbit #MOCA pic.twitter.com/yTtMJ0tYw5 — Upbit Korea (@Official_Upbit) December 16, 2024 On i...