Cryptocurrency

The whale moved 47 BTC to an unknown address, while 3 BTC went to a Coinbase (NASDAQ:COIN) exchange-designated wallet.The price of Bitcoin has recorded a major shift over the past decade. Right now, all old investors in Bitcoin are in profit, with the price now sitting comfortably at $95,411.97, up by 0.78% in the past 24 hours. The current outlook and accrued gains make this period a good time to leave dormancy.Over the past few months, the number of BTC whales that have risen from dormancy has grown considerably. Though their emergence places selling pressure on Bitcoin, the broader market hype is helping to sustain the coin’s growth overall.Experts like Fundstrat’s Tom Lee are optimistic that the coin may eventually hit the $250,000 price mark by 2025. The odds are in the favor of the coin, with the FedWatch Tool showing high expectations of another interest rate cut this month.If this projection holds, it can spur a surge in the price of Bitcoin, complemented by the spot Bitcoin ETF’s record inflow rate.This article was originally published on U.Today More

Following the U.S. election victory by Donald Trump, the Ethereum blockchain has experienced a significant increase in transactional revenue, according to a report released on Monday by Steno Research. Mads Eberhardt, an analyst with Steno, highlighted the importance of this outcome for all on-chain activities, noting the surge has led to elevated staking rewards and an increase in the amount of ether (ETH) being burned through transaction fees. The report suggests that these factors are bolstering Ethereum’s token economics, thereby enhancing the appeal of ether as an asset.Steno’s report also pointed out a notable shift in stablecoin distribution, with the quantity of USDT on Ethereum surpassing its presence on the Tron network for the first time in over two years. This shift is indicative of a spike in on-chain activity and a corresponding rise in demand for ether, which is used to facilitate transactions on the network.The growth is not limited to the main Ethereum network. The number of daily transactions on Ethereum’s layer-2 networks, known as rollups, is on the rise. Rollups are designed to process transactions outside of the main Ethereum network, improving transaction speed and reducing costs. These layer-2 networks operate atop the base layer and are aimed at alleviating scaling issues and data congestion. While the daily fees paid by these rollups to the Ethereum network are currently not substantial, Steno Research anticipates that they may reach $1 million in the future, which would represent a significant contribution to the network’s economic structure.In a related development, Ether spot exchange-traded funds (ETFs) in the United States witnessed their largest single-day net inflow on Friday, surpassing their bitcoin (BTC) counterparts for the first time. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions. The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework. UnionPay International, the world’s second-largest card payment processor, ensures seamless financial transactions. Users can load funds onto the card to make online purchases, use it at point-of-sale machines, or withdraw cash from UnionPay ATMs across 183 countries. The card can also be linked with popular third-party payment platforms like Alipay and WeChat Pay. Whether offline or online, transactions are settled at real-time exchange rates between local currencies and USD. The account approval process is quick, and management fees are waived during the initial launch period.As a key product in Conflux’s PayFi ecosystem, the prepaid card incorporates experienced security authentication systems from traditional finance. User data is managed by professional institutions, ensuring security and compliance. Fiat (BIT:STLAM) assets are held within the UnionPay account system, guaranteeing absolute security and reliability. The BitUnion prepaid card has obtained the highest-level financial security certifications, including 3DS and PCI-DSS, comprehensively protecting cardholders’ payment security. The prepaid card will support digital asset transactions and transfers within the Conflux Network, leveraging the blockchain-based PayFi system to overcome limitations in traditional payment infrastructure. Introducing traditional financial models (from credit cards to invoice financing and reverse factoring) into blockchain creates a more integrated value network. Conflux’s PayFi (Pay Finance) addresses inefficiencies in traditional payment systems while keeping financial operations aligned with real-time data, creating a large-scale model for blockchain consumer application ecosystems. As a high-performance Layer1 blockchain, Conflux has been at the forefront of technological advancements, particularly in the development of Stablecoins. They are now expanding their focus to encompass a comprehensive Payments infrastructure and cultivate the PayFi ecosystem. Aiming to become the blockchain of choice for consumer-grade Payments in the future, Conflux Foundation has committed 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components.About Smile Shop Smile Shop is a super e-commerce platform under Smile Shop Holdings Pte (Singapore), targeting Southeast Asian markets with the vision of becoming Southeast Asia’s most trusted fintech super e-commerce platform. About Conflux Network Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom (NYSE:CHA), Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. ContactMelissa Tireymelissa@shift6studios.comThis article was originally published on Chainwire More

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from the comfort of their homes.Terminal Multi-Miner: a new gateway to home-based miningThe Terminal Multi-Miner from JDI supports multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that are added through future updates. Its modular “mining lego” framework allows users to customize their setups for efficiency and flexibility, creating a straightforward way to engage with DePIN.Terminal T2: A powerful multi-miner designed for seamless multi-token mining, supporting $DATA and other tokens.The Terminal T2 model, scheduled for launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users can receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.New accessibility in DePIN The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.About StreamrStreamr is building the real-time data protocol for the decentralized web. Its scalable, low-latency and secure P2P Network enables data broadcasting and monetization at scale. By powering applications for DePIN projects and beyond, Streamr aims to decentralize data pipelines and create new opportunities for data-driven innovation. To learn more, users can visit streamr.network.About JDI Global Group LimitedFounded in 2016, JDI is a manufacturing and venture capital leader specializing in decentralized physical infrastructure networks. With investments in projects like Grass, Ator, and Geodnet, and hardware for networks like DIMO and Helium, JDI is shaping the future of Web3 and decentralized wireless networks. To learn more, users can visit jdiglobal.xyz.ContactsChief Commercial OfficerMark LittleStreamrmedia@streamr.networkVP of PartnershipAndre ZhangJDIAndre.Zhang@jdi.xyzThis article was originally published on Chainwire More

Trump’s recent statements reinforce his stance on preserving the dollar’s central role, TD Cowen analysts said a note. Over the weekend, he threatened the BRICS alliance—comprising nations such as China, Russia, India, and Brazil—with 100% tariffs if they move forward with plans for a new currency or seek alternatives to the dollar in global trade.TD Cowen analysts said that while some see a strategic bitcoin reserve as a hedge against the dollar’s potential decline, such an idea conflicts with Trump’s prioritization of U.S. economic and military power. They added that Trump views the dollar’s dominance as integral to American strength and influence, leaving little room for alternative reserves.Advocates for a Bitcoin reserve, including organizations like the Bitcoin Policy Center, suggest that holding digital assets like bitcoin could ensure the U.S. remains a leader in global finance. However, TD Cowen analysts find it improbable that Trump would endorse a move perceived as undermining the dollar.While Trump might reference bitcoin in public statements or social media posts to generate attention, TD Cowen believes any serious push for a reserve would require significant political capital, which Trump is unlikely to spend on this issue.The analysts suggest the debate could evolve over the next two years. They argue proponents of a bitcoin reserve may need to shift their rhetoric away from framing it as a hedge against dollar decline to gain traction in a Trump-led administration. More

The world’s largest cryptocurrency fell into a trading range below the $100,000 level in recent weeks, after largely failing to cross the coveted level during a rally through November. But it still remained close to recent record highs of over $99,000.Bitcoin fell 0.8% to $95,928.8 by 00:18 ET (05:18 GMT). Most major altcoins rallied past Bitcoin in anticipation of more friendly policies under President-elect Donald Trump. XRP was a major beneficiary of this trend, hitting an over six-year high on speculation that the SEC will drop its long-running lawsuit against issuer Ripple.Bitcoin clocked some losses after Arkham Intelligence data showed the U.S. government had moved nearly 20,000 coins, worth about $1.9 billion, onto Coinbase (NASDAQ:COIN). Such a move usually heralds a sale event. The coins were confiscated from the now defunct Silk Road online black market, and represent roughly 10% of the government’s overall Bitcoin stockpile, according to Arkham data. The mobilization of tokens onto an exchange usually heralds a sale event, with the government having sold off tokens through similar channels in the past. But the move may not necessarily herald a sale, given that Coinbase has a contract with the Justice Department’s U.S. Marshals Service to provide custody and trading of its digital assets. TD analysts downplayed the possibility of a Bitcoin Strategic Reserve under Donald Trump, stating that the President-elect’s “ironclad” view that the dollar must remain the world’s reserve currency would stymie any attempts to hedge against the greenback. Bitcoin’s latest rally was driven by optimism over Trump’s election victory, given that he promised to enact crypto friendly policies and potentially establish a Bitcoin reserve.But while Trump’s cabinet picks all harbor crypto-friendly views, doubts have emerged over the possibility of a reserve. The establishment of a reserve would also require fiscal funding to buy more Bitcoin, which appears unlikely in the face of a Republican-led Congress that aims to slash government spending.Broader crypto prices mostly rallied past weakness in Bitcoin. World no.2 crypto Ether fell 1.1% to $3,653.11.XRP rose further after its recent rally saw it become the world’s third-largest crypto. The altcoin rose 11.3% to $2.7395, hitting an over six-year high on speculation that a change in leadership at the SEC will see the agency drop its long-running lawsuit against Ripple.Solana fell 0.3%, while Cardano surged 12%. Polygon rallied nearly 18%.Meme tokens lagged, with Dogecoin losing 3.8%.  More

According to the price chart, XRP has experienced a parabolic rise, decisively surpassing several resistance levels, including the noteworthy $2 milestone. Strong trading volume backs this upward trend, especially on South Korea’s Upbit exchange, where it hit $3.69 billion. XRP’s distinct position in the current market cycle was highlighted by the noticeably lower trading volumes of Ethereum and Bitcoin. Now the question is whether XRP can continue on this path and reach $3.Given the current momentum, it seems likely. Around $2.75 is the next important resistance level which, if broken, could open the door to a $3 breakout. With a price above $3, XRP will reach new heights for this rally, possibly reaching $3.50, contingent on market circumstances and sustained interest from institutional and retail investors. But it is important to remember that XRP’s RSI is at 87, which indicates that the market is overbought. This increases the possibility that there will be a consolidation or pullback period prior to another leg up. The levels of $1.70 and $2.20 are important support levels to keep an eye on since they serve as buffers in case of a correction. The ascent of XRP to $3 is now a reality. With record-breaking trading volumes and strong fundamentals, this ambitious goal has a strong basis.According to a chart analysis, the recent rally indicates that SHIB is emerging from a period of consolidation, propelled by an increase in market activity. A positive indication is the price’s continuous upward momentum, even though it briefly touched $0.000031 before retracing slightly. The 21 EMA has served as reliable support, and the strength of this move was further supported by the breakout and a spike in trading volume. Staying above $0.00003 is not assured though, particularly in light of the larger market dynamics. The overall state of the cryptocurrency market is still unstable, and SHIB’s RSI is overbought at 70, indicating that there may be a brief correction or consolidation. The amount of $0.000027 might provide instant support in the event of such a pullback, with $0.0000249 being the next crucial level to keep an eye on.On the plus side, additional gains might be possible if SHIB can maintain its position above $0.00003. Based on market sentiment and ongoing bullish momentum, a successful move past $0.000032 could lead to $0.000035, or even $0.00004. SHIB will require sustained support from the larger market, especially from Bitcoin and Ethereum, which frequently drive altcoin movements in order to continue on its upward trajectory. According to the chart analysis, Bitcoin is presently trading close to $96,000, which is just below the psychological resistance level of $100,000. A break above this level, which serves as a significant barrier, might start the subsequent surge of bullish momentum. As market sentiment cools and profit-taking quickens, a pullback is more likely the longer Bitcoin struggles to recover $100,000. The recent breakout zone and the 21 EMA are in line with $90,400, which is key support. Bitcoin may move toward the $80,400 support, which is in line with the 50 EMA and acts as a robust safety net for the current bullish trend if it breaks below this level, which could indicate additional bearish pressure. With a current Relative Strength Index of 71, the market is overbought. Although this is not necessarily a sign of bearishness, it does imply that the market may go through a period of consolidation or a brief correction before attempting to rise again. Strong buying pressure is necessary to break through the current resistance levels in order for Bitcoin to regain its upward momentum and move toward $100,000. Bulls may be able to reopen the path toward $100,000 and possibly $105,000 if they can push the price above $98,000 with significant trading volume.This article was originally published on U.Today More

Dai Lo is thrilled to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. After months of strategic discussions, the acquisition, completed for an undisclosed amount, positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future.The acquisition encompasses Fractal’s robust technology portfolio, token reserves, intellectual property, and, most importantly, its dedicated community. By integrating these assets, The Dai Lo aims to expand upon the exceptional work initiated by Fractal’s founders and deliver transformative solutions.Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a project with immense potential but lacked the momentum to realize it fully.While Fractal demonstrated the capacity to operate as an independent Layer 1 (L1) or Layer 2 (L2) platform, its greatest value lies in serving as a foundational component for broader ecosystems, bridging blockchain and traditional Web2 applications. With privacy as a core focus, Fractal’s technology is uniquely positioned to redefine the market.The Dai Lo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.Revitalizing Fractal’s community is the team’s top priority. Acknowledging frustrations from past mismanagement, The Dai Lo is committed to rebuilding trust, improving transparency, and expanding the community with new supporters who align with the project’s vision.In tandem, the team is revisiting branding to return to Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge technology in the pipeline, the long-term goal is to make Fractal scalable, reliable, and user-friendly.With the dissolution of Discreet Labs, the organization behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid the groundwork for this acquisition. Special thanks go to Sam Harrison for his instrumental role in finalizing the deal.The Dai Lo is excited to usher in a new era for Fractal, with ambitious plans to elevate the project to unprecedented heights. The team invites the community to join them in shaping the future of $FRA and blockchain innovation.About Fractal NetworkFractal Network is a multi-layer network committed to applying zero-knowledge cryptography at every level of the Web3 stack. Our technology powers secured DeFi, asset tokenization, on-chain identity, private transactions, and more. Through applied zero-knowledge encryption, Fractal is creating a secure on-chain environment for all of Web3. Join our community on X, Telegram, or Farcaster to learn more.ContactContributorGary MitchellFractalmarketing@fra.techThis article was originally published on Chainwire More