Cryptocurrency

When this conventional wisdom becomes “entrenched,” Brandt stated, “I do the opposite.” Therefore, the savvy commodities trader sort of hinted that he does not believe that digital gold Bitcoin will stop growing after it has reached the $100,000 price level. “Conventional wisdom is usually wrong,” Brandt added.On Sunday, Bitcoin was pushed back down, losing the $95,500 zone and landing on $95,860. That decline was followed by a recovery of 3.2% as, today, BTC managed to return to $98,920. However, by now, the world’s leading cryptocurrency has lost 1.65% and is changing hands at $97,215.Kiyosaki said that this prediction was made by artificial intelligence. It was likely either OpenAI’s popular chatbot ChatGPT or Elon Musk’s Grok integrated with the X platform, though Kiyosaki did not specify which AI he trusts and prefers to ask it about asset price predictions.Last week, when Bitcoin hit an all-time high of $99,500, Kiyosaki tweeted that he expected it to reach $100,000 on the same day. While that did not happen, he continued tweeting about BTC, saying that he was following Michael Saylor’s “strategic Bitcoin plan” of purchasing BTC, albeit on a much smaller financial scale. However, in a recent tweet, Kiyosaki said that he would stop accumulating BTC as soon as it soars to $100,000.Aside from that, the financial guru tweeted that he agrees with Saylor’s long-term outlook that, in 10 years, BTC is likely to cost $13 million per coin.This article was originally published on U.Today More

While the outlook for Bitcoin remains uncertain, the limited supply of 21 million coins, with only 1.1 million left to be mined, has provided an attractive proposition for investors.Bitcoin has already surged nearly sevenfold since early 2023, 10-fold since mid-2020, and 100-fold since early 2017.By comparison, gold, which did not have the same supply limitations, rose around 20 times during the 1970s after the U.S. severed its ties to the gold standard, and has increased nearly 10 fold since 2002.With such dynamics at play, Bitcoin could continue to soar “to the Moon, to Mars, and to infinity and beyond,” the analyst says.The global demand is compounded by high-profile endorsements, including former U.S. President Donald Trump’s recent support for Bitcoin, further driving the rally.The analyst highlighted MicroStrategy’s bitcoin hoarding idea, where it has accumulated over 331,000 Bitcoin, continue to fund Bitcoin purchases through stock and debt offerings.While this has helped the price of Bitcoin and the company’s stock, it raises concerns about the sustainability of this strategy if Bitcoin’s price eventually stabilizes or falls.“In effect, it is a perpetual prosperity rocket ship on course to infinity and beyond. The price of Bitcoin goes up. The company raises more money to buy more Bitcoin, which continues to go up in price as does the stock price of MicroStrategy…and so on to infinity and beyond.” More

Kernel is thrilled to announce funding from Binance Labs, solidifying their role as a core restaking infrastructure on BNB Chain. This milestone marks a big leap in turning BNB’s economic security into programmable trust, empowering dApps, middleware, and the entire crypto ecosystem.Kernel raised 10M total funds across rounds, with the belief and backing of various investors, including:SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Cypher Capital, Draper Dragon, ArkStream Capital, DACM, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, DWF Labs.Kernel is excited to continue building this journey and pushing the boundaries of what restaking can achieve.Building Beyond EthereumWhile restaking has reshaped Ethereum, Kernel is breaking new ground by bringing this innovation to BNB Chain, unlocking decentralized, scalable trust. Backed by Binance Labs, Kernel is leading the restaking journey on BNB Chain and beyond.Kernel’s MilestonesSince launching, Kernel achieved: Introducing $KERNEL Token$KERNEL aims to unify governance and incentives across Kelp, Kernel, and Gain, rewarding early supporters and driving ecosystem growth.Kernel will first launch on BNB Chain using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to support DeFi innovation on BNB Chain. Plans for expansion include incorporating BTC and its derivatives as restaked economic security. Over 20 decentralized applications (dApps), including decentralized AI coprocessor, Mira, and ZK proof aggregation protocol, Electron, are going to leverage Kernel’s economic security. Several LSTs and LRTs including ListaDAO, Solv, and YieldNest, are working with Kernel to bring more utility to restaked assets.Over time, Kernel plans to expand to additional L1s, providing robust economic security and a foundation for the growth of innovative applications on Kernel.Kernel integrates native and liquid staking tokens across BNB, BTC, other yield bearing assets to improve their utility and capital efficiency. By creating a shared economic security ecosystem, Kernel enables developers to bootstrap projects more efficiently while offering users new opportunities to maximize the utility of their assets. These innovations reduce barriers for protocols and foster a developer-friendly environment, driving the growth of innovative restaking and DeFi applications. Kernel aims to provide a secure and scalable foundation for developers to build and grow their projects efficiently.Joining the JourneyKernel isn’t just building infrastructure—it’s working towards reshaping trust.Users can follow their journey:Twitter: @KelpDAO & @KernelDAOTelegram | DiscordAbout 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.ContactFounder at KernelAmitej GajjalaKernelmarketing@kelpdao.xyzThis article was originally published on Chainwire More

Whale Alert reports that “3,073 BTC worth $297,533,192 transferred from unknown wallet to unknown new wallet.”The transaction has raised questions about whether this is the result of whale accumulation, an over-the-counter (OTC) deal or a whale consolidating holdings.The identity of this new whale remains unknown, leading to various theories within the community. It might also be a mere wallet reshuffling for security purposes.In another transaction reported by Whale Alert, “2,142 BTC worth $207,047,015 was transferred from unknown wallet to unknown new wallet,” suggesting the emergence of a new Bitcoin large holder, or whale.Traders had seized on the favorable crypto outlook to push Bitcoin to the verge of $100,000, a symbolic level that for crypto supporters repudiates skeptics, who see little intrinsic value in digital assets.According to on-chain data, the battle for $100,000 still rages on. In a tweet, IntoTheBlock highlighted that there is growing support below the current BTC price level: “The battle for $100,000 BTC rages on. While 60,000 addresses acquired 22,740 BTC above the current price, the real highlight is the growing support below: 458,000 addresses have amassed a staggering 344,000 BTC. A strong foundation to fuel a move beyond $100,000.”On the macroeconomic front, the final PCE release is anticipated prior to the Fed’s December meeting, where investors will be searching for clues about the central bank’s next policy move.This article was originally published on U.Today More

Based on his opinion on Galaxy Research’s data, the billionaire says a lot of it is down to 2024 buyers who got in at prices above $56,000. It looks like these market participants are just taking profits, which is pretty standard market behavior, Novogratz is convinced.It seems that there is more to it than just people taking profits. Novogratz also pointed out that a lot of the recent buyers — especially over the past two weeks — are long-term holders, not short-term traders. This group, often called “HODLers,” tends to hold onto their assets through price swings, which helps keep things stable.As a result, there is less and less supply available, which Novogratz believes is a positive long-term trend for the cryptocurrency.Even so, there are still some unanswered questions. For weeks now, billions of dollars’ worth of Bitcoin have been traded, but the supply-demand balance has not shifted enough to push prices over the six-figure mark in spot trading.While some of the selling activity might be due to institutional profit-taking strategies, the scale of recent activity suggests there are broader, more complex market forces at play. Large round numbers, like $100,000, often act as psychological barriers on markets, attracting both aggressive selling and cautious buying.For Novogratz, this is not a complete surprise. Markets often consolidate near significant milestones before breaking higher. With new buyers consistently absorbing supply, Novogratz is cautiously optimistic that Bitcoin’s path forward will be shaped by steady, organic growth rather than unsustainable spikes.This article was originally published on U.Today More

The company said it intends to use the funds to scale operations, enhance product capabilities, and develop additional offerings including yield products backed by new asset types.OpenTrade’s platform allows companies building stablecoin-based financial services to earn interest, typically 3-6% APR, on their digital dollar balances, backed by high-quality assets such as U.S. Treasury Bills.The London-based company, launched in late 2022, has been riding the recent boom in stablecoin markets.The stablecoin market has over $175 billion currently in circulation and transaction volumes of $11.1 trillion rivaling those of Visa and MasterCard.New applications and services built on ‘digital dollars’ like USDC have gained adoption from mainstream ‘non-crypto’ consumers and played a key role in the rapid growth of the stablecoin market.”Stablecoins play a critical role in the crypto ecosystem, bridging that gap between digital assets and traditional finance,” said David Sutter, CEO of OpenTrade.OpenTrade’s platform has already processed over $100 million in total transaction volumes for clients like Colombian neobank Littio, powering stable USD-denominated wealth generation opportunities for over 100,000 end users.OpenTrade expects to build on its recent success as the crypto ecosystem continues to mature.”As the crypto ecosystem continues to mature, our technology empowers fintechs and exchanges to offer stablecoin yield products that are seamlessly integrated, safe and fast, matching high demand levels,” Sutter said.The funding round was led by AlbionVC, with existing investors a16z Crypto and CMCC Global also participating.”The job David and his team have done to successfully take their core product to market and secure high-profile partnerships is hugely impressive, especially given the business has only been operational for a short period of time,” Jay Wilson, Partner at AlbionVC said. More

According to the most recent network flow chart, the Bitcoin network has been experiencing a lot of activity. Increased buying pressure, which frequently coincides with price increases, is indicated by spikes in inflows. When such large quantities reach the market, they typically serve as catalysts for price increases. Sustained momentum, however, will rely on whether these inflows are accompanied by steady demand or if they slow down and could result in profit-taking. The dashboard for on-chain risk offers vital information about the state of the market. Bitcoin is currently not in the red zone of overvaluation, with a risk level of 0.634. This creates space for additional development.Yet risk indicators like the RHODL ratio and MVRV Z-score imply that Bitcoin might be getting close to elevated valuation levels, so the coming days will be critical in determining its course. A price chart analysis reveals that Bitcoin is clearly consolidating just below the $100,000 threshold. The present pause close to this level suggests strong resistance, even though the overall trend is still bullish. Around $86,000, the 50-day EMA offers strong support; bulls must defend this level to keep the market moving higher. There has also been a discernible increase in volume, which supports the possibility of a breakout.The $7 billion investment in Bitcoin shows how optimistic and in-demand the market is. However, persistent buying pressure and a positive macroeconomic climate are necessary for breaking $100,000. Although on-chain indicators point to potential for expansion, prudence is advised as resistance increases at this crucial stage.This article was originally published on U.Today More

Anzen, the financial platform behind USDz, plans to launch on December 2nd for their launchpad sale of the Anzen protocol token on Fjord Foundry. Anzen is designed to create a broad range of options for USDz holders to potential returns in a stable, real-world-asset-backed environment. Users can see the official announcement here.USDz and sUSDz are already used across the DeFi landscape with integrations on over 35 protocols, including: lending and borrowing on decentralized platforms, liquidity provisioning on DEXs, and stable and fixed-yield investment opportunities.The launch of $ANZ token is designed to decentralize the platform and reward users who have contributed to growing the Anzen ecosystem. It will be allocated to USDz users, including but not limited to, USDz stakers, USDz-USDC LPs, and USDz Bond holders. Participants in the launchpad sale will have the opportunity to purchase ANZ.Joining the Launchpad Sale$ANZ will be listed on Fjord Foundry launchpad on December 2nd for a fixed-price sale.Anzen is backed by Circle Ventures, Mechanism Capital, Frax Finance, Tribe Capital, and others. Anzen’s network enables it to scale quickly and open up powerful DeFi utilities backed by institutional-quality assets.About $ANZ tokenANZ holders can benefit by having a direct say in how rewards are allocated and influencing liquidity incentives, expanding USDz’s footprint across DeFi. Anzen enables staked ANZ users to exercise governance rights and control over USDz rewards. Staked ANZ (veANZ) holders can earn extra rewards from trading fees, bonds, and potential lending revenue, providing value to veANZ holders.Overall, ANZ and veANZ holders can allocate rewards, capture protocol fees, and guide USDz’s development as a stable DeFi asset. As a governance token, ANZ empowers holders with meaningful influence and tangible utility, aligning their interests with USDz’s long-term stability and expansion across DeFi.More on AnzenAnzen redefines digital assets, establishing USDz as a digital dollar backed by a diversified portfolio of credit assets that are rigorously underwritten by TradFi institutions and listed transparently on the Anzen transparency page. The founding team brings over a decade of experience in capital allocation and asset management, leveraging an extensive network to unlock premium opportunities with market-leading risk-adjusted potential returns.Anzen goes beyond simply creating a “safe” token. The focus is on applying proven financial principles—such as stability, assets that generate potential returns, transparency, and predictability—in a manner that is accessible and open to all users. The project’s mission is to provide individuals worldwide with the opportunity to generate stable potential returns by utilizing their assets within DeFi, an option that remains inaccessible to many.For more information on how to be eligible for Anzen’s upcoming airdrop and join the launchpad sale, users can visit:https://x.com/AnzenFinancehttps://anzen.finance/ContactMarketingCindy LinAnzen Financecindy@anzen.financeThis article was originally published on Chainwire More