Cryptocurrency

However, the expert did not keep silent either, and in response to one such barb, he said that “the dream has come true.” But he also said that the next one will be a “nightmare,” and all crypto enthusiasts and Bitcoin bulls should be “ready to toss and turn.”The main cryptocurrency was followed by the rest of the market in one proportion or another and, as a result, liquidations on derivatives on digital currencies reached an astronomical $875 million in 24 hours – one of the record highs for the year. The spill was quickly redeemed and the price per BTC returned to around $100,000, but the damage in liquidated positions can no longer be recovered. The good news is that it has already happened, which means that the market will be free of such drastic disturbances for a while.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly served as the title sponsor of the inaugural Crypto Content Creator Campus (CCCC), held on November 9-10 at W Palm Dubai. This landmark event brought together over 200 global creators, boasting a collective fan base of over 1 billion, and reinforced Dubai’s position as a global hub for blockchain innovation and the creator economy.Creators as Educators: Bridging Blockchain and Global AudiencesDuring the opening panel, “The Value of Content Creators to the Crypto Industry,” Ben Zhou, Co-Founder & CEO of Bybit, delivered a compelling speech on the role of influencers in bridging the gap between blockchain technology and global audiences. “At Bybit, we believe creators are not just marketers—they are educators and storytellers who foster trust and engagement in the crypto space,” Zhou said. Zhou emphasized the importance of long-term community impact over short-term conversions, highlighting Bybit’s commitment to authentic influencer partnerships. He also praised micro-influencers for their ability to connect deeply with niche audiences, driving meaningful engagement.Inspiring Innovation: From Keynotes to ChallengesAs title sponsor, Bybit supported dynamic discussions featuring industry leaders. Randi Zuckerberg shared actionable insights on audience retention during her keynote, while Zach King explored the art of storytelling and creativity. Sessions like “How Crypto Changed KOLs’ Lives” and “The Key to Becoming a Twitter Influencer” examined the transformative impact of blockchain technology on content creation and audience engagement.The event also showcased innovation through the CCCC Hacker House Challenge, backed by Bybit. Ten teams competed for a $90,000 prize pool, with winners including the Five Guys Team and Chris Kogias, whose creative projects underscored blockchain’s potential in revolutionizing content creation.Empowering the Future: Bybit’s Vision for Blockchain AdoptionAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

A whopping $489.41 million in liquidations were caused by Bitcoin alone demonstrating the volatility of its price movement. The charts demonstrate how Bitcoin tried to maintain its six-figure mark but encountered strong opposition, which caused a dramatic price reversal. Leveraged traders lost everything they had when the price retraced. Interestingly, this wave of liquidation was not limited to Bitcoin. While assets like XRP, Dogecoin and Solana saw large losses of $39.64 million, $22.40 million and $21.26 million, respectively, Ethereum saw liquidations totaling $85.71 million. According to exchange data, Binance and OKX were two of the most impacted platforms; in the last four hours alone Binance generated $8.13 million in liquidations, while OKX generated $5.04 million. With long positions accounting for 57% of the total, these liquidations were most severe, indicating overly optimistic wagers that Bitcoin would continue to rise. The market’s precarious position is highlighted by the liquidation heatmap. Because institutional and retail traders are highly leveraged, even small price changes can set off a series of liquidations increasing market volatility.The current chart of Bitcoin shows a struggle for stability, with important support levels at $92,000 being tested. The dangers of excessive leverage in a volatile market are highlighted by this liquidation event. Bitcoin will need fresh buying pressure and market confidence to break back above $100,000. For the time being, traders should exercise caution while the market adjusts to this most recent shakeout. The response of the larger cryptocurrency market in the days ahead will establish whether this decline was a normal correction or an indication of further volatility.This article was originally published on U.Today More

Lingo, the token revolutionizing RWA with its community-first model, has announced a strategic partnership with Stewards Investment Capital. This collaboration can solidify Lingo’s position as an anticipated RWA token launch in 2024, combining viral product, gamified users experience with 25 years of institutional and investment expertise.Building a Consumer-First RWA EcosystemLingo is the first RWA token tailored for a mass audience, utilizing real-world assets to fuel its unique rewards ecosystem. By building a diversified RWA portfolio, Lingo delivers tangible, lasting value to its growing community of over 2 million members and 8 million app users.Institutional backing has been a cornerstone of Lingo’s strategy. Its investor network collectively manages more than $3 billion in assets, and the advisory board includes former executives from BlackRock (NYSE:BLK), Google (NASDAQ:GOOGL), and Booking (NASDAQ:BKNG).Investment PartnershipStewards Investment Capital, with over 25 years of experience in RWA management, has deployed more than $1 billion across the United States and South Africa. This proven track record across diverse asset classes makes Stewards a partner to propel Lingo’s ecosystem forward.Together, the two organizations will deploy capital into carefully vetted RWA products, combining Stewards’ institutional expertise with Lingo’s innovative model. The partnership ensures the sustainability of the rewards ecosystem by leveraging Stewards’ institutional-grade expertise.Lingo’s Unique Approach to RewardsAt the core of Lingo ecosystem is its groundbreaking model: transaction fees are reinvested into real-world assets, potentially generating yields that fuel rewards for the community. This novel approach has positioned Lingo as an upcoming pioneer in consumer-first RWA space.By combining forces, Lingo and Stewards Investment are set to redefine how communities can benefit from real-world assets in the digital age.For more information, users can visit: Lingo website – http://mylingo.ioStewards Investment Website – https://stewardsinvestment.comAbout LingoLingo is building the gamified, RWA-powered rewards ecosystem for the next billion in Web3. The main goal is to reward the community with real-world benefits consistently and exponentially, powered by real-world assets that generate true value for the ecosystem.The premise of Lingo is very simple: To create an ever-growing rewards ecosystem that generates real-world community rewards, regardless of token and market volatility.Stewards Investment Capital is a boutique investment advisory firm with over 25 years of experience as part of the Stewards Group of Financial Companies. Strategically located in Mauritius, South Africa, and the USA, the firm specializes in crafting niche investment solutions for high-net-worth individuals and institutional investors, driven by a high-alpha approach.Stewards’ commitment to its investors is rooted in its mission to grow and nurture their wealth, build lasting fortunes, and create enduring legacies to achieve real freedom. Recognized by Global Private Banker, Africa Global Funds, and Global Finance, Stewards continues to foster close relationships with its investors, delivering exceptional service through innovative offerings and positioning itself as a preferred global investment partner.ContactHead of GrowthDanLingodan@lingocoin.ioThis article was originally published on Chainwire More

Ocelex is positioned to launch as a MetaDEX and liquidity layer on Zircuit, a zkEVM-based Layer 2 ecosystem designed for scalability and security. With its focus on capital-efficient innovation, community-driven participation, and 100% revenue sharing among token holders, Ocelex aims to create a transparent and inclusive DeFi environment.Zircuit’s infrastructure, which includes AI-driven sequencer security, provides a strong foundation for decentralized applications. Recent developments, such as the token generation event (TGE) of the $ZRC token, have increased attention on the ecosystem. Ocelex’s launch will leverage this momentum to establish itself as Zircuit’s primary decentralized exchange, prioritizing liquidity, accessibility, and growth within the DeFi sector.Ocelex as the First Lynex ExpansionAs the first franchise expansion of Lynex—the leading liquidity protocol on Linea—Ocelex builds on a proven foundation. Lynex has achieved over $3.5 billion in trading volume and distributed $7.5 million in revenue to token holders, positioning it as one of the top-performing ve(3,3) DEXs. Ocelex continues this legacy by introducing Automated Liquidity Management (ALM) aggregation, a feature designed to simplify liquidity management through automated strategies. This approach reduces risks like impermanent loss while ensuring consistent yield for liquidity providers (LPs).Strategic Partnerships and Pre-Launch MomentumEven before its official launch, Ocelex has established key partnerships and secured significant Total (EPA:TTEF) Value Locked (TVL). These partnerships include:A Community-First ApproachOcelex follows Lynex’s community-centric strategy with an airdrop that prioritizes long-term alignment. 45% of Ocelex’s initial supply will be airdropped to Lynex veLYNX holders who have locked tokens for one year or more. This approach rewards loyal participants while fostering ecosystem stability. Locking veLYNX has historically provided some of the most consistent yields among ve(3,3) protocols, a trend Ocelex aims to replicate.The Upcoming Public SaleThe Ocelex public sale begins on December 9th at 10:00 UTC and will run for 60 hours in a Dutch auction format. The auction ensures fair market pricing, starting at $0.30 and decreasing to $0.06.Key Sale Details:For a comprehensive overview of the public sale, refer to this article or watch the accompanying short video.Ocelex Public Sale ProjectionsOcelex’s Dutch auction public sale lets the market decide its valuation and launch price, starting at $0.30 and decreasing linearly to $0.06.Community airdrop recipients, who will receive 50% of the initial supply as governance tokens, also stand to benefit from higher sale prices. With interest in Ocelex as the next big ve(3,3) DEX on Zircuit, the auction is expected to be highly competitive, following in the footsteps of Lynex, Aerodrome, and Thena.Ocelex’s Growth PotentialOcelex has the potential to secure substantial TVL on Zircuit, a network with over $2.5B in total value locked (TVL). This potential is modeled on the success of other ve(3,3) protocols:The Future of DeFi with Ocelex and ZircuitOcelex combines Lynex’s successful model with Zircuit’s technical infrastructure, aiming to serve as a cornerstone for DeFi activity. With strong pre-launch momentum, strategic partnerships, and a focus on community alignment, Ocelex is positioned to deliver value and scalability for users and the broader DeFi ecosystem.About OcelexOcelex is the first expansion of the Lynex brand, launching as a franchise on Zircuit, an emerging Layer 2. Ocelex democratizes sophisticated liquidity strategies, seamlessly connecting everyday traders with expert-level capabilities. It features a competitive ecosystem of Automated Liquidity Managers (ALMs) and strategists, all striving to optimize returns, minimize risks like impermanent loss, and boost overall efficiency for every user.Users can learn more about Ocelex through the following linksWebsite: www.ocelex.fi/DApp: app.ocelex.fi/X: x.com/OcelexFiDiscord: discord.com/invite/rTkZNbNggh ContactZarolo VesperOcelexzarolo@lynex.fiThis article was originally published on Chainwire More

The world’s biggest cryptocurrency surged to record highs on Thursday amid increased optimism over friendlier crypto regulations under incoming President Donald Trump. Traders were particularly cheered by Trump’s pick of a pro-crypto candidate to lead the Securities and Exchange Commission. Bitcoin fell 4.5% to $97,830.3 by 00:43 ET (05:43 GMT). The coin had fallen as low as $91,000 after hitting a record high of $103,719.4.Broader crypto moves were limited on Friday in anticipation of more cues on U.S. interest rates from key nonfarm payrolls data due later in the day.Continuing his trend of crypto-friendly cabinet picks, Trump on Thursday said venture capitalist David Sacks will take up a newly created role to advise the White House on crypto and artificial intelligence regulation.This follows the creation of a crypto advisory council, while Trump’s picks for the Treasury Secretary and Secretary of Commerce were also seen in support of deregulation and digital assets. Earlier this week, Trump nominated former SEC Commissioner Paul Atkins to lead the agency. Atkins is also pro-crypto, and is expected to end, or at least taper the SEC’s two-year regulatory crusade against crypto. Citi analysts warned in a recent note that while they did see positive regulatory and macroeconomic trends for crypto, Bitcoin’s dominance of crypto markets could taper off with the industry gaining more regulatory clarity.Citi said that regulatory clarity could open the door for more crypto use cases, enabling other, smaller coins and tokens with actual use cases. They noted that Bitcoin was already treated as a commodity, limiting its usage.“Over the long-term, we think a network’s utility or value will be related to usage, as well as macro correlations and production costs,” Citi analysts said, while noting that such a scenario would benefit Bitcoin less than other cryptos. The brokerage also joined several of its peers in downplaying Bitcoin’s prospect as a reserve asset. Most broader crypto prices moved in a tight range on Friday, seeing some pressure from losses in Bitcoin. But they were set to outpace Bitcoin for the week.World no.2 crypto Ether rose 1.8% to $3,918.19, and was trading up 3.5% this week. XRP- which was the biggest beneficiary of speculation over the next SEC head, rose 1.8% and was sitting on a 21% gain this week- its fifth straight week of outsized gains.XRP hit a six-year high on speculation that the SEC will drop its long-running lawsuit against issuer Ripple.Solana, Cardano and Polygon were muted on Friday. Among meme tokens, Dogecoin fell 2.1%. More

Bitcoin dominance is a gauge of the coin’s relative share of market capitalization in comparison to the broader crypto market. It hit a three-year high, at around 59%, in late-November, before falling sharply to 53.9% by Friday, data from Coinmarketcap showed.  Total (EPA:TTEF) crypto market capitalization hit a record high of $3.7 trillion on Thursday, driven chiefly by Bitcoin’s rally. The latest point of support came from Trump nominating pro-crypto lawyer Paul Atkins as the next Chairman of the Securities and Exchange Commission. Citi analysts noted the prospect of regulatory clarity, adding that recent macro factors also presented a positive picture for crypto. But they warned that regulatory clarity could open more use cases for crypto and broaden the asset class’s appeal, fostering strength in coins and tokens beyond Bitcoin. “Over the long-term, we think a network’s utility or value will be related to usage, as well as macro correlations and production costs. A new regulatory regime may unlock further or broader use cases for blockchain assets,” Citi analysts wrote.In such a scenario, Bitcoin- which is already treated as a commodity- “has less to benefit than others,” Citi warned.  The brokerage also joined a slew of its peers in warning that Bitcoin’s use as a reserve asset was unlikely to happen. Bitcoin fell sharply from its peaks above $100,000 on Thursday, steadying around $97,000 in volatile trade on Friday. More

Creditcoin, Spacecoin, Sui, and Walrus jointly announced a strategic partnership to collaborate in a novel decentralized finance project combining their respective strengths in providing internet access, computing, and storage. This collaboration aims to improve connectivity and access to financial services, especially for remote and underserved regions via decentralized satellite infrastructure.The initiative will integrate decentralized infrastructure across multiple layers:The partnership’s integrated approach prioritizes practical solutions to real-world problems, helping to bridge access to both the internet and financial services for the nearly 37% of the global population that currently has no internet connectivity. enabling users in underserved regions to participate in the global digital economy and build credit histories while accessing modern internet and financial tools.About CreditcoinCreditcoin is a Layer 1 blockchain connecting borrowers and lenders in emerging markets, creating a transparent credit network. By recording loan transactions on-chain, Creditcoin enables borrowers to build verifiable credit histories while providing lenders with trustless transparency. With ultra-low fees, enterprise-grade security, and cross-chain liquidity, Creditcoin empowers financial inclusion and opens new opportunities for fair credit access globally. Learn more: https://creditcoin.org/About SpacecoinSpacecoin is the world’s first DePIN project to harness blockchain and LEO communication nanosatellites. With a satellite-based network, Spacecoin aims to deliver high-speed, decentralized internet access to remote and underserved regions globally. Using Creditcoin’s Layer 1 infrastructure, Spacecoin will manage satellite operations for governance, payments, and resource allocation on-chain. Learn more: https://spacecoin.org/About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, please visit https://sui.io.About WalrusWalrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/. ContactHead of MarketingAlan Kongalan.kong@gluwa.comThis article was originally published on Chainwire More