Bitcoin’s price has surged since the election, gaining over 29% in the last week, hitting new all-time highs and coming close to breaking the $90,000 level. Analysts and investors see Trump’s win as a potential tailwind for the crypto market. As the crypto market continues to react to the latest political development, Investing.com’s poll asks:Can Bitcoin reach $100,000 by the end of 2025? More
According to blockchain data tracker Whale Alert, “a dormant address containing 67 BTC worth $5,525,168 has just been activated after 11.0 years worth $21,050 in 2013.”The 67 BTC at the time of reactivation is now valued at nearly $5,525,168, a 26,147% increase from its worth of $21,050 back in 2013.The identity of the owner remains unknown, but the timing and magnitude of this activation have sparked speculation about the intentions behind it.Some speculate it could be an early investor cashing in on their gains, while others wonder if it signals a broader trend of long-term holders beginning to move their assets, as seen in several reactivations in recent weeks.Bitcoin, the first and largest cryptocurrency by market capitalization, continues its continuous upward trend, crossing $89,000 for the first time in Tuesday’s trading. Bitcoin has increased by more than 30% since last week, establishing new highs virtually daily.Bitcoin has already more than doubled in 2024, thanks to strong demand for dedicated U.S. exchange-traded funds and a Federal Reserve interest rate reduction.According to Bloomberg, Bitcoin options traders are already targeting a milestone price of $100,000 for the original cryptocurrency. Investors are placing bets that Bitcoin will reach the milestone by the end of the year, according to statistics from crypto options exchange Deribit.As of Monday morning, there were 9,635 Bitcoin — worth around $780 million — in open interest bets on Bitcoin reaching $100,000 by Dec. 27, according to Deribit data. That is the most at stake for any trade with that expiration date. Deribit estimates that the trade has an 18.6% chance of paying off.This article was originally published on U.Today More
However, in a post on X, Scaramucci wrote that he believes that Bitcoin will still record future gains beyond the current cycle. Hence, he reassured those who do not hold Bitcoin that it is “early.” He said, “It may feel like you missed it, but you didn’t.”Scaramucci believes that Bitcoin, as an asset with long-term value, still has better days ahead. Therefore, those willing to jump on the adoption train can still do so as future events will shape up to have a bullish impact on Bitcoin.Notably, he references the possibility of the U.S. government establishing a “Strategic Bitcoin Reserve.” This could have broad implications for the asset; as such, a move might trigger broader acceptance by other countries across the globe in Bitcoin acquisition. Such a development will trigger bullish sentiment for the asset.The founder of SkyBridge Capital has always been positive about Bitcoin. As reported by U.Today, Scaramucci predicted that by 2026, Bitcoin could become a store of value when it gains wider usage, say, one billion users.As of this writing, Bitcoin has maintained its bullish trajectory and is trading for $87,268.45, a 6.39% climb in the last 24 hours. According to data, the coin had earlier tested the 90K level – when it hit $89,729.This article was originally published on U.Today More
Known for his vocal criticism of digital assets, Schiff has said that Bitcoin and the broader blockchain ecosystem may ultimately be remembered as one of the greatest misallocations of resources in modern financial history. However, if he had known how big Bitcoin would become, he might have “loaded up on it,” the crypto-skeptic admitted.Well, that did not happen in 2011, when Bitcoin was last seen at $1, and the cryptocurrency made its way to nearly $90,000 without Peter Schiff onboard. For now, the banker remains convinced that BTC is a bubble, and when it bursts, it will not just affect individual speculators; it will also affect those who have financed infrastructure and companies in the crypto sector.He noted that silver’s decline was relatively small, especially on a day when gold saw a significant drop. In addition, Schiff noted that Bitcoin’s market value has once again surpassed that of silver, but the balance could shift in favor of precious metals if dynamics of cryptocurrency prove to be nothing more than “pump and dump.”This article was originally published on U.Today More
With its 2023 update, this chart, which has historically helped Bitcoin holders navigate through different market cycles, still suggests potential for expansion. Increased demand and buyer enthusiasm are indicated as Bitcoin moves closer to the upper spectrum, suggesting that the market may be preparing for a longer bubble phase. There are more details in the two-Year MA Multiplier chart. This graph, which compares the historical price trajectory of Bitcoin to the two-year moving average (MA), currently indicates that if Bitcoin crosses the red line, it could reach a maximum potential of about $200,000. Reaching this level would likely be the current cycle’s peak, as this red line has historically represented the upper bounds of Bitcoin’s price range during previous bull runs.It is conceivable that Bitcoin may test these higher boundaries in the upcoming months given its current volume and momentum. This potential is further supported by the daily chart’s technical analysis. Bitcoin has shown strong bullish sentiment by breaking above earlier resistance levels, which were around $80,000. Its long-term descending channel breakout and high trading volume suggest a strong trend reversal. With this increasing trend, Bitcoin looks poised to delve into uncharted territory and get closer to the anticipated $200,000 mark. These indicators taken together give Bitcoin a good chance of reaching $200,000, even though reaching this milestone is not assured, particularly if macroeconomic conditions continue to be favorable for cryptocurrency’s growth. As Bitcoin moves toward new all-time highs, holders and prospective buyers should keep an eye on these technical indicators.This article was originally published on U.Today More
Expanding the Warped Universe with Mysten Labs and SuiWarped Games, an indie game studio consisting of web3 and veteran game developers who have a legacy in creating player-focused games like LEGO Universe, Jumpgate, and Dragons and Titans, is on a mission to onboard millions of players to expand the Warped Universe, an immersive blockchain-powered game where players’ actions and decisions shape the environment and influence each season’s direction. After extensive exploration, Warped Games selected Sui as the blockchain to support this ambitious vision, thanks to its player-friendly approach and innovations in the Move language.The announcement of Warped Games becoming an official partner with Mysten Labs arrives at a pivotal moment for blockchain gaming. With games like “Off The Grid” making strides toward mainstream adoption, this new collaboration marks another significant step in expanding blockchain gaming’s reach to a wider audience. Breaking Barriers to Blockchain AccessibilityOne of the largest obstacles facing blockchain adoption today is its intimidating complexity for newcomers. Traditional blockchain experiences involve managing seed phrases, navigating wallets, high fees, slow speed, and unfriendly, often intimidating transactions—barriers that can alienate potential users. Sui’s design eliminates these hurdles by offering a seamless, user-friendly blockchain experience required by games like Warped Universe, aiming to appeal to a mainstream gaming audience. With Sui’s zkLogin feature, players can access the blockchain and create wallets using familiar credentials, like passkeys or existing logins, removing the need for seed phrases and technical know-how. For those who prefer greater control, Warped Universe will also allow players to connect their own self-custodied wallets, giving them the option to manage their assets independently. This accessibility empowers users to focus on what matters most—the game experience itself.Enhanced NFT Utility with MoveSui’s Move language and object model empower Warped Universe to create NFTs that go beyond static assets, offering dynamic, context-rich tokens that evolve with each player’s journey. Sui treats each asset as an individual, on-chain object with unique IDs and customizable fields, allowing NFTs to reflect player progression and deepen in-game immersion.Innovations extend to the use of closed-loop tokens for in-game purchases and season pass NFTs, which act as “time capsules”, allowing players to revisit exclusive content from past seasons. With each season in Warped Universe serving as a self-contained story arc, these season passes aren’t just NFTs—they’re gateways to the game’s evolving history, creating lasting value and enhancing player ownership.Kiosk: Marketplace Re-ImaginedKiosk is a decentralized system designed for commerce applications on the Sui network, similar to traditional markets where vendors sell goods or services from small, standalone booths. Just like in those markets, where individual sellers operate their own kiosks, owning the products on display and managing their own sales, with Kiosk, shared objects are owned by individual parties who store assets and may list them for sale as well as utilizing custom trading functionality, such as royalties and the ability to rent assets.Walrus: Re-Defining Digital Ownership In Warped UniverseAs Warped Universe expands, decentralized storage will play a crucial role in ensuring the authenticity and accessibility of in-game assets. Mysten Labs’ Walrus protocol is set to support this need, providing a secure and efficient way to store raw data and media files—such as images, audio, video, and other game assets—at low cost without compromising performance. Unlike traditional NFTs, which often store metadata off-chain on platforms like IPFS or AWS, Walrus enables both the NFT and its metadata to be stored in a decentralized manner. This integration introduces new ways for players in Warped Universe to experience genuine ownership of their digital assets, giving them the ability to store in-game captures or statistics, and creating a more immersive and reliable player-driven experience.High Performance, Scalability, and Environmental ResponsibilityIn Warped Universe, players aren’t just playing a game; they’re building and defending entire solar systems each season, with their achievements and digital assets minted and transacted on-chain in the background. This model requires a blockchain capable of handling high transaction volumes both efficiently and affordably. Sui’s high throughput and low transaction costs make this possible, providing fast, cost-effective, and seamless on-chain transactions that support a robust gaming economy.Sui also prioritizes environmental sustainability by using a delegated proof-of-stake (DPoS) consensus model rather than energy-intensive proof-of-work. With its efficient Directed Acyclic Graph (DAG) architecture, Sui can process large transaction volumes with minimal environmental impact—aligning perfectly with Warped Games’ vision of a sustainable, responsible gaming ecosystem.Looking Ahead with Warped Universe and SuiCurrently, the blockchain element in Warped Universe is the $WARPED token, an ERC-20 token designed to give holders a voice in game design, seasonal voting, discounts, potential rewards, and exclusives. While specific plans for the token’s future are yet to be announced, the Warped Universe team is committed to keeping current holders top of mind as they explore expanding to the Sui blockchain. Plans for the WARPED token, on-chain assets, skins, seasonal passes, and other elements will be shared in due time—stay tuned for updates.As Warped Universe continues to develop, the teams at Warped Games and Mysten Labs are dedicated to working closely together to explore practical blockchain integration in games, enhancing player ownership, scalability, and immersive gameplay. Together, through Warped Universe and the Sui blockchain, they’re building a unique, player-driven experience that showcases the future of blockchain gaming.Warped Games is an indie game studio dedicated to creating immersive, player-driven gaming experiences with a focus on blockchain integration. Known for pushing the boundaries of web3 technology, the team behind Warped Games combines industry veterans from both gaming and tech to bring innovative worlds like Warped Universe to life.About Mysten LabsMysten Labs is a technology company focused on advancing blockchain infrastructure to support next-generation applications. Founded by experts in distributed systems, Mysten Labs developed the Sui blockchain, a high-performance, user-friendly platform designed to make blockchain technology accessible and scalable for mainstream audiences.ContactBusiness DevelopmentReece HubbardWarped Games Incmarketing@warped.gamesThis article was originally published on Chainwire More
The airdrop acknowledges both XION community members and industry participants who have demonstrated exceptional strength in beliefXION, the first walletless L1 blockchain for consumer adoption, today announced the launch of its airdrop checker coined “Believe in Something.” It allows community members who have been participating in the XION ecosystem since launch to verify their eligibility to receive XION tokens, in addition to a wide range of partner communities, ahead of the network’s highly anticipated mainnet launch.In an industry where trends quickly come and go, XION acknowledges the importance of having unwavering belief and commitment. The “Believe in Something” airdrop is a bold statement and clear indication of the project’s appreciation for community members who have stood by its side, contributing to its growth and embracing its vision, as well as outside participants that have embodied this spirit.Up to 5% of the total $XION token supply is allocated to the Believe in Something airdrop. The lion’s share, 69%, is allocated to the XION community, and the remaining 31% is allocated towards a wide variety of community and industry participants that have demonstrated their clear belief in something. This includes the long-time Berachain collection holders, the original SPX6900 and Gigachad holders that haven’t sold since Murad’s endorsement, and a variety of other notable ecosystems, communities, and individuals who have demonstrated strong belief.To check if a user is deemed a true believer, they visit: https://xion.burnt.com/believeThe “Believe in Something” airdrop is one of the many initiatives XION has planned to engage and reward its community. The project emphasizes that belief is a journey, and there are many opportunities ahead for everyone to participate and grow within the XION ecosystem. Users can stay tuned for upcoming events, announcements, and opportunities to be part of the mainnet launch and beyond.About XIONXION is the first walletless L1 blockchain purpose-built for consumer adoption through chain abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION empowers developers to build secure, intuitive, and seamless user experiences. Everyone, regardless of technical knowledge, should be able to have the same access to true ownership. The project has raised over $36M from top-tier investors including Multicoin, Animoca, Circle, Hashkey, Arrington Capital, Spartan, and more.Website | Twitter | Discord | Telegram | YouTubeContactPatrick JordanM Groupburnt@mgroupsc.comThis article was originally published on Chainwire More
“Have Spacesuit, Will Travel,” he wrote, adding an emoji of a rocket ship flying into space to the tweet.Last week, Bitcoin set a new all-time high of $75,000, and today it whooshed to $89,956, which is just inches away from $90,000.MicroStrategy’s recent Bitcoin success has led to a large increase in its share price, as MSTR soared by more than 27% in the past month, greatly outperforming Bitcoin.Bitcoin has been fueled by the recent change in U.S. political leadership and the Federal Reserve’s second interest rate cut this year. While in September, Jerome Powell announced a 50-basis-point reduction, this time, the Fed cut rates by 25 basis points. Still, this rate cut catalyzed Bitcoin’s large and fast price increase, with roughly four new all-time highs reached within a single week.Besides, Bloomberg Intelligence’s chief commodity strategist Mike McGlone tweeted on Monday that Bitcoin’s correlation to the S&P 500 index over the past 60 days has surged to 0.6 (unlike that of gold), which suggests that BTC’s current price surge may also be attributed to the rising stock market.This article was originally published on U.Today More
