Cryptocurrency

In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, today announced the launch of its CGPT/USDT Perpetual Contract. This latest addition expands the platform’s trading offerings while highlighting the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem.The new perpetual contract introduces advanced trading capabilities for ChainGPT token (CGPT), offering traders leverage of up to 75x with USDT as the settlement asset. This addition to Binance Futures’ suite of products demonstrates the platform’s commitment to providing diverse trading opportunities while meeting the evolving demands of cryptocurrency traders.Trading of CGPT/USDT Perpetual Contracts will be available through Binance Futures’ advanced trading interface, which provides robust risk management tools and real-time market data to support informed trading decisions.Key Features of the CGPT/USDT Perpetual Contract:About ChainGPT Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.As a relatively young but rapidly growing project, ChainGPT’s mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3.Users can learn more at: https://www.chaingpt.org/General Resources:Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | Documentation | CGPT DAO | AI NFT Generator | Staking | BlogCommunity and Social Media:Twitter | Pad Twitter | Telegram | TelegramBot| Discord | Instagram | LinkedIn | YouTube | TikTok To learn more about ChainGPT, users visit the official ChainGPT.org websiteFor all inquiries, users can contact support@chaingpt.org ContactsPR LeadRichaChainGPTricha@chaingpt.orgSharonChainGPTsharon@chaingpt.orgThis article was originally published on Chainwire More

Gud Tech, Zircuit’s first multichain AI platform for automated finance, is thrilled to announce the success of its $GUD token launch. Built on Zircuit, the AI-powered blockchain for secure DeFi and staking, $GUD is reshaping token distribution with a community-first approach, prioritizing inclusivity and decentralization.In its first week, the $GUD launch has seen over 127M $ZRC tokens staked, locking a total of $9M USD in value. These early results underscore the community’s enthusiasm for a more equitable token economics model and decentralization.The Future of AI on Zircuit is Community-OwnedCommunity-Centric Distribution$GUD tokens are earned by staking $ZRC, Zircuit’s native token, allowing participants to actively engage with the ecosystem. The first distribution phase allocated 2% of the total token supply to participants within the first week, with weekly rewards continuing throughout the fair launch period.A Fair Launch for AllUnlike traditional launches, 40% of the $GUD supply was made available on Day 1 through decentralized exchanges on Base and Zircuit. This approach fosters a more equitable distribution, aligning with Gud Tech’’s vision of becoming a truly community-owned AI platform.No Presales or VC InvolvementGud Tech has consciously excluded presale or venture capital funding, ensuring the $GUD token remains in the hands of its users, not institutional investors. This model empowers the community and strengthens decentralization.Users can stake $ZRC tokens to earn weekly $GUD rewards and actively engage in the Gud Tech ecosystem. For more information, users can visit gud.tech.About Gud TechGud Tech is the AI platform for automated finance on Zircuit, the world’s most secure AI-powered blockchain. At launch, Gud Tech delivers actionable market intelligence. Over time, Gud Tech aims to be the leading platform for AI-powered decentralized finance with new features such as a risk engine and algorithmic strategies. Powered by $GUD, Gud Tech is built on Zircuit, the AI-powered blockchain. To learn more about Gud Tech, users can visit gud.tech, and follow Gud Tech on Twitter/X @gudtech_aiContactCommunications LeadJennifer ZhengGud Techjen@gud.techThis article was originally published on Chainwire More

It is expected to be caused by the newly elected U.S. president disapproving the funding bill for the year 2025, which includes pay rises and multiple benefits for congressmen from the Democratic party. Tech magnate and head of D.O.G.E. Elon Musk also paid attention to that bill, speaking against it on X.Jim Cramer tweeted that he had studied every governmental shutdown “since the time of Bill Clinton” regarding the way to react best to it investment-wise. Therefore, Cramer said, “You always had to BUY the fear not sell it.”Now that Cramer has tweeted about “buying the fear” and not selling it, many commentators, including cryptocurrency fans, began tweeting that it is definitely worth selling, not buying.Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin, has shed a large part of its gains added over the last month. Bitcoin declined by almost 10%, falling from the $102,450 zone and landing at $92,951. By now, BTC has rebounded a little and is changing hands at $95,200. The key reason for the rapid and deep Bitcoin decline was the recent statement by Federal Reserve boss Jerome Powell about the Fed planning to reduce the high pace of interest rate cutting next year. Rather than the 100-basis-point cut expected by the crypto community, the Fed plans to do a 25-basis-point cut in early 2025.This article was originally published on U.Today More

The bearish signal comes amid a broader market sell-off, which has led to $1.42 billion in crypto liquidations over the past 24 hours, per CoinGlass data. Bitcoin has not been immune to this bearishness, with its price falling as traders faced uncertainty.Bitcoin fell by more than 11% from a record high of $108,268 achieved earlier this week, on Dec. 17, as lesser prospects for looser U.S. monetary policy dampened speculative fervor.In the most recent data release on Friday, the personal consumption expenditures price index, the Fed’s favored inflation indicator, showed a 0.1% increase from October and an annual rate of 2.4%, both lower than expected.The data comes just two days after the Fed dropped its benchmark interest rate by a quarter percentage point to a target range of 4.25%-4.5%, the lowest level in two years. During his news conference, Fed Chair Jerome Powell struck a hawkish tone about the forecast for next year. Fed policymakers raised their inflation outlook and projected only two rate cuts in 2025, down from four previously predicted.With fewer Fed rate cuts projected in 2025, some investors may decide to reduce their exposure and take profits, hence the sell-off.While death crosses are often viewed as bearish, they do not always guarantee further declines. The market is now closely monitoring Bitcoin’s support levels, with $90,000 being a critical psychological barrier to watch if selling pressure continues.On the upside, if the rebound is sustained, the $99,974 level might be critical to watch out for. If the Bitcoin price rebounds off this level with strength, the chances of retesting above the $100,000 psychological level increase. This might take Bitcoin beyond $108,000, with potential targets of $113,000 and $125,000.This article was originally published on U.Today More

Despite the tense atmosphere, Saylor maintains that investors must wear a hard hat as the market suffers, which could be a momentary crash.Notably, workers stay safe on a construction site by wearing a hard hat to protect themselves from crashing objects. Saylor appears to have the same advice for Bitcoin investors to protect themselves.Analysts suggest that investors could use stop-loss orders, hedge with derivatives or monitor market sentiments in a crashing market. However, the Bitcoin advocate would rather stay calm and stick to his Bitcoin accumulation plan for Saylor.When Bitcoin hit $100,700 after suffering a momentary dip, Saylor rejected the idea of selling for profit-taking in an interview. He maintained that the Bitcoin community would never trust MicroStrategy should it decide to sell BTC. This highlights Saylor’s and MicroStrategy’s holding strategy.Meanwhile, Saylor has hinted at changing MicroStrategy’s fundraising approach to add more intelligent leverage. Having achieved targets faster than anticipated, Saylor says the company will continue to raise capital primarily via fixed-income markets.He believes the company needs more leverage to compensate for its increasing deleveraged position.This article was originally published on U.Today More

That is why it is worth paying attention to the sentiment of the most popular and established public traders in the cryptocurrency space right now. For example, in his post, DonAlt discusses that the painful drop of the Bitcoin price to almost $90,000 has led to a major liquidation of altcoins, bringing many of them back to bear market valuations. At the same time, the trader offers a vision where a price range between $85,000 and $90,000 per BTC is likely – where bullish investors might try to stabilize and push the price further, indicating a potential support zone for Bitcoin. As can be seen on the attached chart, the next major trading range, if the above is breached, will be the $85,000-$71,500 area. Interestingly enough, this is also the area where the unclosed gap for Bitcoin on the CME is located. Thus, at first glance, it is all doom and gloom. What brings enthusiasm is that the area outlined by DonAlt is almost there, so we can hope for a bullish reaction there. However, considering the year-end tendencies on the crypto market, the roller coaster ride may last for quite some time.This article was originally published on U.Today More

According to Whale Alert, this transfer took place from an unknown wallet under the address “3NVeX” to the address which, according to the tracking service, belongs to Antpool, which is one of the largest mining pools in the industry.Interestingly, at the same time, data from Arkham Intelligence shows that the transfer was made not to the address of the mining pool but to the custodial account of Cobo’s, which is a popular Web3 wallet platform.This address, however, was not the last stop for the Bitcoin (BTC) data, when another 17 BTC and a transfer of 683 coins was made to an unknown address, “3BHXy.” This Arkham address is also suspected to belong to Cobo, and its balance right now contains 5,435 BTC, which is equivalent to $511.53 million.Such transfers excite the crypto public because they are often associated with the sale or purchase of cryptocurrency by a major player.However, here, it is likely that this is not the case, and it is most likely just a transfer of Bitcoin from one pocket to another. Thus, it can be concluded that the only sinister thing here is the initial amount of the transfer.This article was originally published on U.Today More

The listed prices show a significant drop in BTC, DOGE and ETH. This reflects the huge bearish sentiment that has affected the coins. As a result of these sell-offs, Bitcoin ETFs have registered the largest outflows as the bears dominate the market.Despite this massive decline, Markus’s tone has a hint of humor, best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of the decline in the price of the assets. Markus could be preparing to buy the dip in anticipation of a price rebound, which is likely to result in profit-taking.The Dogecoin founder’s post has elicited reactions from his followers and many users of the different coins. Some users believe the price drop is a great opportunity for investors to accumulate ahead of the next bull wave.Bitcoin crossed the psychological price level of $100,000 for the first time and soared to over $108,200. Many investors were engaged in profit-taking, particularly early traders who purchased when BTC traded below $80,000.DOGE’s price crashed by 20.49% to $0.289 within 24 hours. Dogecoin’s market volume has soared by 107.95% to $13.58 billion. Ethereum has also registered a surge in market volume by 47.64% to $75.88 billion, even with a notable price decline of 12.33% to $3,230.49.Analysts say all three coins have continued to soar in market volume, signaling investors’ confidence in the assets. These investors might be positioning themselves for future market rebounds.This article was originally published on U.Today More