Cryptocurrency

The Fed minutes stated that future interest rate cuts were likely, but they would occur “gradually.” The minutes were connected to the Federal Reserve’s most recent policy meeting earlier this month, when it cut its benchmark lending rate by a quarter point to 4.50% to 4.75%.”In discussing the outlook for monetary policy, participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment, it would likely be appropriate to move gradually toward a more neutral stance of policy over time,” the minutes stated.The central bank began decreasing the Fed funds rate in September, and the Open Market Committee’s next meeting is scheduled for Dec. 17-18.Bitcoin climbed to $93,000 after falling to a two-day low of $90,742 during Tuesday’s trading session.Several crypto assets were up, including XRP (6%), and Cardano and Stellar up 10%. Aave and Algorand were up 13%, while Zcash rose 23%.The minutes came one day ahead of key inflation data, the October personal consumption expenditures price index, which will be announced on Wednesday. The PCE is the Fed’s preferred inflation index, and it informs monetary policy choices.A slew of economic data is anticipated to be released on Wednesday, ahead of Thanksgiving on Thursday, when markets are closed. Traders are expecting a 66% possibility that the Fed will lower rates by a quarter point at its next December meeting, with 33% expecting no change.This article was originally published on U.Today More

Cypher Capital, a multi-strategy crypto investment firm, today announced its investment into Kernel, a restaking protocol on BNB Chain. Kernel has secured a total of $10 million in funding, which will be used to further develop its cross-chain restaking platform and expand its capabilities within the DeFi ecosystem.Kernel’s core offering enables restaking on BNB Chain, which will provide decentralized, scalable trust for the broader blockchain ecosystem. The platform supports developers and dApps by enhancing security and creating programmable trust across blockchain networks. Cypher Capital joins a diverse group of investors backing Kernel, including Binance Labs, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, ArkStream Capital, and more. About Cypher CapitalCypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3. Website | Blog | LinkedIn | Telegram | Instagram | Facebook (NASDAQ:META) | Youtube | X About KernelKernel is pioneering restaking on the BNB Chain, designed to provide decentralized shared security and accelerate innovation and growth across the ecosystem. Founded by experts in DeFi and restaking who scaled products to 1.3 Bn+ TVL, Kernel’s ecosystem of projects is already 25+ and growing rapidly. By lowering entry barriers for protocols and unlocking higher rewards, Kernel empowers developers to build 100x efficiently and users to maximize rewards on assets.ContactMedia ManagerShameem Shashameem@cyphercapital.comThis article was originally published on Chainwire More

The purchase plan comes as Bitcoin reaches historic highs and continues to capture global investors’ interest. According to the latest market data, Bitcoin’s price has soared to around $93,000 per coin, with projections suggesting it may surpass the $100,000 milestone by year-end. SOS’s investment strategy aligns closely with the positive momentum in the cryptocurrency market, including a more favorable U.S. policy environment toward digital assets and growing institutional support for Bitcoin.To maximize returns and mitigate market volatility, SOS plans to employ a variety of quantitative trading strategies, including investing, trading and arbitrage strategies.These strategies are designed to achieve steady returns in the market environment while optimizing the Company’s investment portfolio over time. This move highlights SOS Ltd. efforts to expand digital asset investments. SOS believes Bitcoin is not only a cornerstone of the digital asset ecosystem but also has the potential to become a key global strategic reserve asset. The company remains committed to delivering long-term value to its shareholders and investors through continued investment and technological innovation.Yandai Wang, Chairman and CEO of SOS, commented, “Bitcoin market performance is robust and supported by positive developments such as the launch of several Bitcoin-related ETF options and ongoing improvements in the U.S. regulatory environment for digital assets. We believe this investment plan will further enhance the Company’s overall competitiveness and profitability in the digital asset investment sector.” More

Even in this celebratory post, Kiyosaki did not hold back and talked about making a fortune, naming a key quality necessary for it. This tweet comes right after the “Rich Dad Poor Dad” author made a prediction that Bitcoin will reach $500,000 next year.Thanking his readers for commenting on his X posts, reading his books and spreading the word about his boardgame “Cashflow,” the financial guru mentioned a key quality that makes a good entrepreneur and helps earn big money. That quality, per Kiyosaki, is being a life-long learner.Kiyosaki tweeted that he expected Bitcoin to surpass $100,000 on the same day. However, it did not work out. Since Friday, Bitcoin has reversed and demonstrated a decline of close to 9% as BTC went down from its ATH, as mentioned earlier, to the $90,990 level. However, Bitcoin has managed to add almost 3% and is changing hands at $93,190.Overall, Kiyosaki is among those Bitcoiners who expect BTC to eventually skyrocket to $1 million and even higher. Last week, the financial expert tweeted that he agrees with Michael Saylor’s prediction that in ten years’ time, BTC is likely to reach $13 million, taking away part of the market share from gold. According to a recent tweet, Kiyosaki tries to follow Saylor’s “strategic Bitcoin plan,” although on a much smaller financial scale than MicroStrategy.This article was originally published on U.Today More

Trust Wallet, a leading self-custody Web3 wallet trusted by over 140 million users, has announced the third project under Trust Wallet Launchpool, featuring the reward token $WOD. $WOD is the native token of World of Dypians, a MMORPG available on Epic Games, set in a connected virtual world, featuring advanced AI, stunning graphics, and immersive gameplay. The dynamic ecosystem merges DeFi, NFTs, Gaming, and AI into a single immersive experience. For this launchpool campaign, World of Dypians will allocate 1% of the total $WOD supply to Trust Wallet Launchpool participants.How Trust Wallet Launchpool WorksTrust Wallet Launchpool allows TWT holders, and other token holders who are Trust Wallet users, the opportunity to get rewards by discovering and engaging with promising projects in a secure and user-friendly way. By locking tokens like TWT or any partner tokens designated for each campaign, users may acquire new tokens or rewards from both pre-launch and launched token projects, diversifying their portfolios and supporting innovative ventures with reduced risk.Available in the app’s “Earn” section, Trust Wallet Launchpool is powered by secure, on-chain smart contracts and open-source protocols, setting it apart from centralized alternatives while offering a user-friendly experience to explore early-stage crypto opportunities.Launchpool 3: Featuring $WODThe Trust Wallet Launchpool campaign details are as follows:Key Features of Trust Wallet LaunchpoolTrust Wallet Launchpool creates a collaborative ecosystem that supports both users and projects.For Users: A decentralized way to potentially earn project tokens while exploring the Web3 landscape and diversifying portfolios.For Projects: A unique platform to increase visibility and build community, by connecting with Trust Wallet’s extensive user base, desiged to drive growth in a competitive market.Trust Wallet’s third Launchpool featuring $WOD is live now. Users can Download Trust Wallet to participate and potentially gain rewards while supporting the evolution of blockchain gaming and DeFi.About World of DypiansWorld of Dypians is a revolutionary MMORPG that bridges the gap between traditional Web2 gaming and the decentralized future of Web3. By integrating blockchain technology with immersive gameplay, World of Dypians empowers players with true ownership of in-game assets through NFTs, decentralized economies, and a vibrant community-driven ecosystem.As a leading gaming ecosystem on every network it operates, World of Dypians continues to set new benchmarks for user engagement and innovation, offering players seamless access to interconnected virtual worlds. With stunning graphics, an intuitive user journey, and a focus on accessibility, the platform brings together the best of Web2 familiarity and Web3 innovation, creating an inclusive space for gamers worldwide.Since its inception, World of Dypians has been dedicated to redefining the gaming landscape by merging Gaming, DeFi, NFTs, and AI into one seamless platform, creating a groundbreaking experience for players.For business collaborations, users may contact: contact@worldofdypians.comAbout Trust WalletTrust Wallet is a secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet aims to make it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.ContactHead of CommunicationsDami OdufuwaTrust Walletpress@trustwallet.comThis article was originally published on Chainwire More

He believes that the market will lose a major source of demand once the buying stops, which will cause the price of Bitcoin to drop precipitously. This perspective aligns with Schiff’s long-standing mistrust of Bitcoin. His argument is based on the notion that institutional buying — specifically from MicroStrategy — plays a significant role in determining the price of Bitcoin.Although it is true that significant purchases can affect market sentiment, it would be an oversimplification to attribute Bitcoin’s entire valuation to the purchasing activity of a single entity. The purchases made by MicroStrategy represent a small portion of the total value of Bitcoin transactions worldwide. Numerous factors, such as adoption rates, general investor sentiment and macroeconomic conditions, affect the price of Bitcoin. Demand can be maintained even if MicroStrategy stopped making acquisitions because other institutional and individual investors could fill the void. Based on the chart, Bitcoin is currently trading close to $93,000 after recently retreating from the psychological level of $100,000. The RSI is cooling from high levels, suggesting that the correction is a healthy retracement following an overbought rally. Bitcoin may retest lower supports at $87,000 and $85,000 if the crucial $90,000 support level is broken. In order to revive bullish sentiment, Bitcoin must gain momentum and break above $95,000. The slight decline in volume indicates some investor hesitancy, but as long as important support levels are maintained, the trend is still positive. Schiff’s worries regarding MicroStrategy’s impact are valid, but given the dynamics of the market as a whole, a total collapse is unlikely. The decentralized structure of Bitcoin and its varied demand are what give it its resilience. The next significant move will be determined by a clear breakout or break down, as the price action currently points to consolidation.This article was originally published on U.Today More

Innovative platform enables businesses to deploy tailored, scalable and integrated blockchain networks with ease and efficiency in as little as two weeks.Aventus, a leader in enterprise blockchain technology and parachain on Polkadot, today announces the launch of its Blockchain Factory: a platform designed to help businesses deploy bespoke blockchain networks with advanced features and seamless integration into existing systems. The Blockchain Factory aims to make blockchain adoption more accessible, offering a streamlined, flexible solution for organisations exploring the potential of Web3 technologies including blockchain and tokenisation. Designed to meet the diverse needs of medium to large enterprises, the Blockchain Factory offers a range of advanced capabilities:Aventus Services – the commercial arm of the Aventus ecosystem – will also offer advisory services for scoping, as well as dedicated support for integration, testing, and post-deployment optimisation for the blockchain networks, which will be deployed as layer 3 (L3) appchains on the Aventus Network. For not only the Aventus Network but for the broader Polkadot ecosystem, Aventus L3 appchains contribute significantly to driving network utility and increasing transaction volumes. Additionally, each appchain will pay ongoing token reward fees into the Aventus Network community treasury, further enhancing its sustainability.Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable, and user-friendly blockchain technology. With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation. Founded in 2020, Aventus offers production-ready, end-to-end Blockchain-as-a-Service software that is modular, scalable, and interoperable, enabling clients to respond to rapidly evolving market opportunities.For more information, visit:Website: www.aventus.ioTwitter: https://x.com/aventusnetworkLinkedIn: https://www.linkedin.com/company/aventusnetwork/Telegram: t.me/Aventus_OfficialContactHead of MarketingEllie HymanAventusellie.hyman@aventus.ioThis article was originally published on Chainwire More

The world’s largest cryptocurrency has been on an extended downturn since late last week as investors locked-in profits from a run-up to record highs. Traders were also somewhat disappointed as the crypto failed to clear the coveted $100,000 level.Risk appetite was further dented by U.S. President-elect Donald Trump threatening to impose more trade tariffs on several countries, sparking fears of a renewed trade war.Bitcoin fell 1.6% to $93,131.5 by 01:16 ET (06:16 GMT). Focus this week was on a slew of key U.S. economic readings, which are likely to factor into the outlook for interest rates. PCE price index data- the Federal Reserve’s preferred inflation gauge- is due later on Wednesday, and is expected to factor into the central bank’s plans to cut rates further.The data comes just after the minutes of the Fed’s November meeting showed policymakers split over the pace of future rate cuts, with officials calling for gradual easing. A revised reading on third-quarter gross domestic product data is also due later on Wednesday. Recent signs of resilience in the U.S. economy, especially inflation, sparked concerns that the Fed will have little impetus to cut rates rapidly. Beyond economic data, focus was also on what Trump’s policies will entail for crypto. Trump had vowed to make America the “crypto capital” of the world, and had also floated the idea of a national Bitcoin reserve. But traders were now awaiting tangible cues on crypto policy from Trump, who is set to take office from January 20. His picks for Treasury Secretary and Commerce Secretary offered some encouragement, given that both Scott Bessent and Howard Lutnick have expressed support for crypto.Weakness in Bitcoin spilled over into major altcoins, with most tokens seeing a sustained decline in recent sessions after a strong melt-up in November.World no.2 crypto Ether fell 0.4% to $3,419.99. XRP, Solana, Cardano and Polygon fell between 0.9% to 5%, with XRP leading losses. Among meme tokens, Dogecoin lost 3%. More