Cryptocurrency

Hyperbridge Extends Token Offering Deadline, Token Generation Event Set for Q1 2025Following the successful launch of its mainnet and Gateway Token Bridge, Hyperbridge announces the extension of its Initial Relayer Offering (IRO) deadline to February 28th, 2025. This decision comes in response to overwhelming demand, with over 52 million tokens out of the total 100 million supply already sold.The extension offers prospective participants a limited-time opportunity to join the Hyperbridge network, with early buyers still eligible for bonuses. As Hyperbridge expands its reach, this extension provides a final window for supporters to secure their position within the ecosystem.The Gateway Token Bridge is already live, enabling secure, scalable cross-chain token transfers, messaging, and state queries. These integrations position Hyperbridge as a key contributor to the advancement of cross-chain applications.Hyperbridge is set to hold its Token Generation Event in Q1 2025, and participants in the IRO will be among the first to receive their tokens, unlocking opportunities to actively engage with the protocol.With its advanced zk-technology and focus on security, Hyperbridge has already seen rapid adoption, supported by integrations across major blockchain ecosystems. The protocol’s hub model ensures scalability and reliability, attracting developers, DAOs, and DeFi projects looking for robust cross-chain solutions.Regarding utility for the Hyperbridge token, $BRIDGE: a minimal BRIDGE token fee is required for transactions. So transactions such as cross-chain messages, storage queries, and state reads will use the token. Tokens collected as transaction fees are used to fund incentives and rewards for both relayers and block producers. Hence the token is planned to have zero inflation. The token will also be used for governance.For more information, users can visit Hyperbridge (https://app.hyperbridge.network/sale)About HyperbridgeHyperbridge is a cryptoeconomic coprocessor for secure, verifiable interoperability powered by consensus and storage proofs. Hyperbridge is the HTTPS of blockchain interoperability, providing developers with onchain and off-chain SDKs for securely sending cross-chain messages (POST requests) and reading on-chain storage (GET requests).Website, TwitterAbout Polytope LabsPolytope Labs is a collective of researchers and engineers founded by core developers of Ethereum, Polkadot, and IBC. Focused on addressing fundamental infrastructure problems that continue to hold back the crypto industry, such as interoperability, scalability, and privacy. The team believes that Web3 is the next evolutionary step of the internet, and is fully committed to advancing truly decentralized technologies.Website, TwitterContactJonathan DuranJonathan@distractive.xyzThis article was originally published on Chainwire More

Nine years ago, on Jan. 19, 2016, the Washington Post published an article titled “R.I.P. Bitcoin. It’s time to move on,” declaring the end of Bitcoin when it was valued at nearly $400. Today, Bitcoin has defied this prediction, reaching an all-time high of $108,268 last December.Bitcoin historian Pete Rizzo highlighted this fact on X, sharing a screenshot of the 2016 article that reflected how the narrative around Bitcoin has dramatically shifted over the years. The article’s claim, made during a period of uncertainty for cryptocurrencies, highlights the stark contrast between past skepticism and current reality.Bitcoin has gone on an incredible journey since this call. From a value of $400 then, Bitcoin has skyrocketed significantly, currently trading above $103,000. Bitcoin has once again surpassed the $2 trillion milestone with a market capitalization of $2.05 trillion. This remarkable growth has been fueled by increasing adoption, institutional interest and a growing recognition of Bitcoin’s potential as a store of value.The Bitcoin outlook remains bullish; over the past few days, Bitcoin’s price action validated two key levels flagged by on-chain data – support at $89,000, while aligning closely with the Short-Term Holder Realized Price at $88,500 and resistance just below $98,000, the largest accumulation level above spot.Given Bitcoin’s recent correction, a significant proportion of froth has come out of the market, according to Glassnode, while demand remains relatively robust.This article was originally published on U.Today More

Per the data intelligence platform, SpaceX has seen the price of its Bitcoin stash grow from its all-time low of $134 million, scored on Nov. 29, 2022. The firm has continued to HODL its Bitcoin stash, surviving the multi-year consolidation of Bitcoin.With a spot Bitcoin ETF launched in January 2024 and the price of Bitcoin hitting multiple all-time highs, the SpaceX balance has skyrocketed. However, the firm’s BTC holdings are yet to reclaim their highest level of more than $1.6 billion.According to the Arkham data, SpaceX keeps custody of this BTC stash on Coinbase (NASDAQ:COIN) Prime. Since 2021, the firm has conducted more than 30 transactions, with Coinbase Prime the center point of all the transfers.SpaceX and even Elon Musk-owned Tesla (NASDAQ:TSLA) Inc. are poised to see additional profit in their respective Bitcoin bags with this price trend. As reported earlier by U.Today, the Tesla Bitcoin holdings retained the $1 billion threshold in November last year as BTC inked a new local high.At the moment, multiple institutional investors are entering the BTC market. BlackRock Inc (NYSE:BLK). raked in $527 million in its Bitcoin ETF product on Nov. 16, underscoring the massive interest in the offering.With this institutional adoption trend, SpaceX may see more of an uptick if it continues to HODL.This article was originally published on U.Today More

The cryptocurrency community met this tweet with a wave of enthusiasm mixed with puzzlement, guessing at the nature of this transaction.According to the data source mentioned above, the Royal Government of Bhutan has shoveled 633 Bitcoins valued at $64.57 million. The transaction was split as those Bitcoins were sent to three new blockchain wallets.As of now, the Bhutan government is a proud holder of $1.3 billion worth of Bitcoin – that is 11,055 BTC.Bhutan’s Bitcoin holdings are supported by its mining operations. In September last year, the country managed to generate between 55 BTC and 75 BTC on a weekly basis.The authorities believe that holding crypto reserves will help the region to enhance its economic resilience and increase its participation in Bitcoin mining.The cofounder and former chief executive of the Binance exchange, Changpeng Zhao (CZ), wrote an X post about this remarkable achievement for his brainchild (BNB), stating that Bhutan is a “beautiful and smart country,” and it has now adopted BNB.The newly elected U.S. president also promised to create a Strategic Bitcoin Reserve for the United States by purchasing Bitcoin over the next four years. He is taking office next week, and many are keeping their eyes on whether the BTC reserve will indeed be created. Currently, the U.S. government (the Department of Justice in particular) holds a whopping 69,370 Bitcoins worth $7,097,961,000 at writing time. These Bitcoins confiscated from a Silk Road hacker can be sold after recent permission given to the DOJ by the court. Bitcoiners are wondering if Trump will be able to prevent this, though the liquidation might happen before he is in power.This article was originally published on U.Today More

The asset manager, whose ETF started the year on shaky ground with an outflow of $332.6 million on Jan. 2, quickly recovered with three consecutive days of inflows. However, BlackRock has been lacking in consistency and volume so far this month.The renewed attention in BlackRock Bitcoin ETF might indicate a rekindling of interest by institutional players. Analysts believe these players might have decided to increase their position ahead of the new administration in the U.S.Notably, a new administration will be inaugurated on Monday, Jan. 20, and many crypto stakeholders anticipate a favorable shift in regulations. Prices could soar significantly if the new president signs an executive order that favors crypto, as many speculate.Ark had $155.4 million in inflows to complement BlackRock’s inflow. Others with inflows were Fidelity Investment’s FBTC, Bitwise’s BITB and VanEck’s HODL, with $4.4 million, $2.7 million and $5.7 million respectively.All other asset managers recorded zero inflows except Grayscale’s GBTC. A day after registering inflows, GBTC suffered an outflow of $70 million.This left the Bitcoin ETF market with a cumulative inflow of $626.1 million. The ETF market has now registered two consecutive inflows overall, and if momentum holds, it could close the week on a high to mark another three straight days of inflows.This article was originally published on U.Today More

As a developer-first platform, Vottun is especially focused on attracting developers from emerging economies, providing them with an accessible and rewarding pathway into the Web3 ecosystem. Developers can select from custom templates designed for blockchain projects, or start from scratch using dynamic APIs, and build dApps with limited to no exposure to development. Additionally, Vottun welcomes crypto enthusiasts without development skills to actively engage and participate in new projects, fostering a vibrant ecosystem of collaboration and creativity. With a thriving community of over 50,000 members actively participating in airdrops, challenges, and other fun and engaging activities, developers can launch their ventures with the support of a passionate and dynamic network. In short, allowing entrepreneurs to focus on creating business value from Web3. Private LCO on PAIDVottun is slated to hold its Private LCO from January 21st-22nd on the PAID launchpad, as it prepares for its much anticipated TGE later this quarter. Already a partner to retail users and enterprises globally, Vottun was recently in the news for its collaboration with Arbitrum to advance blockchain scalability and interoperability. The company’s client roster includes some of the world’s top brands, including Nestle (NS:NEST), PwC, The World Bank, and Chupa Chups, among others.Developers and blockchain enthusiasts are invited to explore Vottun’s platform and become part of its growing community at www.vottun.com/.Investors can find more details about Vottun’s upcoming Private LCO here.About VottunVottun is a blockchain innovation company focusing on enhancing the Developer Ecosystem by providing developers with everything they need to build, scale, and launch cross-chain dApps. The company’s mission is to support developers transitioning from working in the world of web2 — from those with no prior blockchain programming experience to web3 enthusiasts — by giving them cutting-edge tools to begin building dApps, Tokens, Marketplaces, and DeFi projects, to create valuable new business models, processes and services in web3.ContactAccount ManagerAroma KLuna PRaroma@lunapr.ioThis article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of Bybit Card QR Pay, an innovative payment feature exclusively available for Bybit Card users in Brazil. This cutting-edge solution aims to transform the payment experience, offering faster and more seamless transactions for daily use.The introduction of Bybit Card QR Pay aligns with Bybit’s commitment to providing user-centric financial solutions. By leveraging Brazil’s popular Pix payment system, Bybit Card QR Pay enhances transaction speed and convenience while maintaining competitive advantages for users.Key Features of Bybit Card QR Pay:In addition to its user-friendly design, Bybit Card QR Pay is accessible exclusively to cardholders using the Brazilian Real (BRL). To apply for the Bybit Card, users must complete Identity Verification Level 1. This verification process underscores Bybit’s commitment to security and regulatory compliance.Bybit is running an ongoing welcome offer for Bybit Card users in Brazil. New users who deposit 100 USDT have a chance to unlock a reward of 150 BRL, providing an incentive for those joining the platform.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

He published a tweet with a “quote” that seems to be made up of multiple doubts expressed publicly by various Bitcoin critics when the world’s largest cryptocurrency traded at $10,000. But Mow said that it was one NPS analyst, without revealing the name.“If you’re going to make price predictions at least base them on reality,” he added. Overall, if this was indeed a quote by an analyst, it may be one from a Twitter conversation between him and Mow, but the latter did not share any details.In a comment, Samson Mow published a screenshot that shows that Bitcoin is currently, indeed, the seventh largest asset in terms of market capitalization size, and the Saudi Aramco oil refineries sit in eighth place, right after BTC. Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) (the Google parent company), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) are ahead of Bitcoin on the list.That analyst stated that hitting $1,000 for BTC would be “10x” (as in the tweet above), and that it was, according to the analyst, “just not possible.” He assumed that the maximum possible price for Bitcoin would be $200 but not $1,000. Those who believed it would go much higher were “just smoking pure hopium,” he stated.At the time of this writing, Bitcoin is changing hands at $102,221 after staging a 2.13% rise over the last 24 hours. Over the past week, BTC has surged by more than 12%, rising from $90,680 to the current $102,200 zone.This article was originally published on U.Today More