Binance Square

Днешните топ крипто новини и информация за пазара

--

Ethereum's Price Breakout Sparks Altcoin Season Speculation

According to Finbold, Ethereum (ETH) has recently experienced a significant price breakout, trading above the $3,500 resistance level. This development has sparked interest in the broader cryptocurrency market, as it is seen as a potential precursor to an altcoin season leading into 2025. As of the latest update, Ethereum was trading at $3,569, marking a 1% increase in the last 24 hours and an 8% rise over the past week. The recent momentum in Ethereum's price has led to varied predictions from analysts. Notably, after Ethereum temporarily surpassed the $3,600 resistance, on-chain cryptocurrency analyst Ali Martinez projected a short-term target of $6,000 for the asset. Achieving this target could further validate the onset of an altcoin season. For Ethereum to sustain this momentum and confirm an altcoin rally, it will need to continue building on its current gains throughout 2024 and into the new year. The Ethereum Rainbow Chart, a popular tool among investors, provides insights into potential future price movements. This chart uses historical price data on a logarithmic scale with color-coded bands to represent different price zones. Currently, Ethereum is positioned in the "Steady" zone, which ranges from $2,854 to $4,123, indicating a phase of stable performance without significant upward or downward pressure. Looking ahead to January 1, 2025, the Rainbow Chart projects Ethereum's price could range from $761.55 to $18,254.39. The "Maximum Bubble Territory" zone, at the high end, suggests extreme overvaluation, while the "But have we earned it?" zone indicates slight overvaluation. The "Is this the Flipping?" zone marks a potential milestone where Ethereum could surpass previous highs without excessive inflation. The "HODL!" zone, predicting a price range of $4,207.87 to $6,121.32, suggests a healthy market for long-term holders. The "Steady" zone reflects stability and moderate growth potential, while the "Still Cheap" zone signals undervaluation and a buying opportunity. The "Accumulate" and "Undervalued" zones offer strong entry points for long-term investors. Currently, Ethereum needs to break the $4,000 resistance to move towards the higher bands of the chart. The "Fire Sale" zone represents deep undervaluation with high-risk, high-reward potential as of January 1, 2025.
11
--

Make-A-Wish International Appeals For Cryptocurrency Donations

According to Decrypt, Make-A-Wish International is urging cryptocurrency holders to contribute to its cause, following a recent surge in Bitcoin's value. The children's charity, which fulfills the wishes of critically ill children in 50 countries, has been accepting cryptocurrency donations for three years with the assistance of The Giving Block. This initiative allows the charity to receive donations in Bitcoin, Ethereum, and USDC through its website. Since its inception in 1980, Make-A-Wish claims to have granted 585,000 wishes and expanded its reach to three additional countries due to crypto contributions. The acceptance of cryptocurrency by charities has been gradual, with some organizations initially hesitant due to concerns over token volatility, potential fraud, and legal uncertainties. However, Make-A-Wish International is among several nonprofits now embracing digital currency donations. Pat Duffy, Co-Founder of The Giving Block, highlighted the potential of cryptocurrency as a significant intersection of wealth, youth, and philanthropy, noting that nonprofits not engaging with this trend risk missing out on substantial support. Other charitable organizations are also beginning to accept cryptocurrency. JustGiving recently enabled donations in Bitcoin and Dogecoin, while Médecins Sans Frontières launched a new initiative allowing users to donate part of their staking rewards via the Ethereum staking protocol Lido. This initiative, Stake2Care, received an advertising grant from the Lido Ecosystem Grants Organization. The generosity of crypto holders has been evident in various causes, such as Ukraine raising $50 million through 90,000 donations following Russia's 2022 invasion, prompting Ukrainian media to advocate for NFT releases.
4
--

Institutional Investors Poised To Become Largest Bitcoin Holders

According to DLNews, major exchange-traded fund (ETF) providers like BlackRock and Bitwise are on the verge of becoming the largest holders of Bitcoin. This year alone, these institutions have acquired over $104 billion worth of the cryptocurrency, positioning them close to surpassing Satoshi Nakamoto, Bitcoin's enigmatic founder, who holds 1.1 million Bitcoins valued at over $105 billion. A recent report by research firm Bernstein predicts that by the end of 2024, Wall Street will replace Satoshi as the top Bitcoin wallet holder. This shift is attributed to the growing interest of financial institutions in cryptocurrencies, with institutional confidence in the asset class reaching unprecedented levels, according to Joshua de Vos, Research Lead at CCData. The increasing institutional interest is further fueled by optimism surrounding a favorable regulatory environment anticipated under a potential second Donald Trump presidency. Spot Bitcoin ETFs have emerged as a significant success story in the crypto market for 2024. Since the US Securities and Exchange Commission approved 11 funds in January, these ETFs have collectively acquired over 5% of the global Bitcoin supply. Unlike Satoshi's holdings, which are believed to belong to a single entity, ETF holdings are distributed among multiple investors. MicroStrategy, the next largest single Bitcoin holder, possesses just under 2% of the total Bitcoin supply. However, ETFs are rapidly closing this gap, with Eric Balchunas, an ETF analyst at Bloomberg Intelligence, noting their aggressive acquisition pace. Despite Bitcoin's recent retreat as it approached the $100,000 mark, analysts remain optimistic about its future performance. Hedge fund Pantera Capital's founder, Dan Morehead, suggested that institutional interest is only beginning, with more firms likely to enter the market as regulatory clarity improves. Morehead predicts that Bitcoin's value could skyrocket, potentially reaching $740,000 by April 2028 if the current trend of doubling its value annually continues. Increased institutional adoption, both from private companies and governments, is expected to stabilize the asset's volatility, according to de Vos. He also noted that these developments might lead to a greater concentration of Bitcoin supply among the largest holders, further widening the gap between small and large market participants.
2
--

Tokenized Real-World Assets And Stablecoins Predicted To Grow Significantly By 2030

According to Blockworks, the latest episode of the Empire podcast featured intriguing predictions from ParaFi regarding the future of tokenized real-world assets (RWAs) and stablecoins. ParaFi anticipates that RWAs will surpass the overall value of digital assets, excluding stablecoins. Currently, the total value of RWAs has reached nearly $13.5 billion, while the total crypto market cap stands at approximately $3.4 trillion. Despite RWAs not yet overtaking cryptocurrencies, their value has surged by over 50% in the past year alone. The financial sector is seen as outdated, lacking an 'Amazon experience' for finance, according to ParaFi's Ben Forman. The tokenization of assets on a blockchain allows for programming logic into the assets themselves, reducing the need for intermediaries such as lawyers and trustees. This innovation opens up numerous possibilities for AI agent use cases, including enabling micropayments. Currently, tokenized treasuries dominate the space, comprising 62% of the market. However, stablecoins are also a crucial part of the discussion. When combined with RWAs, the market cap reaches nearly $200 billion. ParaFi predicts that by 2030, stablecoin supply could account for 10% of the M2 money supply in the US, a significant increase from the current 1%. ParaFi's optimism is based on three factors: the evolution of stablecoins as a new form of global payment rails, the potential for fintech companies to integrate stablecoins due to their lack of legacy system constraints, and the emergence of new business models involving yield-bearing reserves to back stablecoins, as noted by ParaFi's Kevin Yedid-Botton. A recent Delphi Digital report highlighted that weekly stablecoin transfer volume has reached $302 billion, marking a 235% increase year-to-date. The report emphasized that stablecoins have found a product-market fit, facilitating a more global digital economy. These predictions underscore the potential for significant growth in both RWAs and stablecoins by 2030.
2
--

Paul Atkins Considered For SEC Leadership Amid Potential Regulatory Shift

According to ShibDaily, former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins is reportedly the leading candidate to head the SEC under President-elect Donald Trump's administration. This development suggests a possible change in the direction of U.S. financial regulation. Bloomberg reported that Atkins was interviewed by Trump's transition team as a potential nominee for the position. With extensive experience at the SEC, having served as a commissioner and staffer under previous SEC Chairs Richard Breeden and Arthur Levitt, Atkins is seen as a highly qualified candidate for the role of SEC Chairman. Atkins is known for his pro-innovation stance and significant expertise in the cryptocurrency sector. Fox Business Journalist Eleanor Terrett noted that Atkins could potentially "restore the agency to the so-called 'gold standard.'" His possible appointment comes amid speculation that the Trump administration might transfer the regulatory oversight of cryptocurrencies from the SEC to the Commodity Futures Trading Commission (CFTC). The SEC has previously claimed broad authority over the cryptocurrency market, often classifying tokens as securities based on the Howey Test. This classification has led to numerous enforcement actions and created considerable regulatory uncertainty within the industry. Many cryptocurrency companies have faced scrutiny and legal challenges due to these rulings, prompting the market to seek clearer guidelines. Under Atkins' leadership, the SEC could potentially adopt a more balanced approach to cryptocurrency regulation, marking a significant shift in U.S. policy. Current SEC Chairman Gary Gensler is expected to step down in January 2025, following Trump's pledge to remove him from office on his first day. During his tenure, Gensler emphasized several key initiatives, including reforms to Treasury markets, updates to equity market regulations, and enhancements to corporate governance standards. This article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
2
--

Binance Labs Invests in Astherus to Boost Real Yield Opportunities for DeFi Users

Binance Labs backs Astherus, a multi-asset liquidity hub focused on maximizing real yield for crypto assets, supporting DeFi growth with innovative solutions.Binance Labs Partners with Astherus to Empower DeFi UsersNovember 27, 2024 – Binance Labs, the venture arm of Binance, has announced its investment in Astherus, a multi-asset liquidity hub designed to maximize the real yield of crypto assets. This strategic partnership underscores Binance Labs’ commitment to fostering innovation and sustainable growth within the decentralized finance (DeFi) ecosystem.Astherus: Redefining Asset Utility and Real YieldA Game-Changer for DeFi UsersAstherus aims to tackle inefficiencies in DeFi by optimizing asset utility and liquidity. Its flagship offering, AstherusEarn, merges institutional-grade security with high-yielding strategies across multiple blockchains. The platform enables DeFi users to maximize returns through reliable and scalable solutions, bridging the gap between centralized and decentralized finance.Innovative Infrastructure for Tangible ReturnsAstherus’ modular DeFi infrastructure includes:dApp Layer: Features like AstherusEarn enable users to unlock asset utility through applications such as derivatives trading and stablecoin yield farming.DeFi Infrastructure Layer: Aggregates liquidity to support broader applications, including stablecoin protocols and a state-of-the-art derivatives clearinghouse.Looking ahead, Astherus plans to launch AstherusLayer, a dedicated Layer-1 blockchain supporting multi-asset staking and leveraging BNB as gas fees.Binance Labs’ Vision for DeFi GrowthBacking Revolutionary ProjectsBinance Labs Investment Director, Nicola W., highlighted Astherus’ alignment with Binance Labs’ mission:"Astherus’ approach to enhancing asset utility and real yield aligns with our commitment to backing projects that drive meaningful growth in the DeFi ecosystem. We are excited to support Astherus in delivering greater value to DeFi users worldwide."Enhancing User Experience and Yield Strategies With this investment, Astherus will:Accelerate product development.Introduce innovative yield-generating products.Streamline DeFi interactions, making them more efficient and user-friendly.Astherus’ Vision for the FutureDust, Core Contributor at Astherus, expressed gratitude for Binance Labs’ support:"We are honored to welcome Binance Labs as a partner. Their support strengthens our vision of delivering tangible value to DeFi users through greater utility, yield, and opportunities."Astherus is set to redefine DeFi by offering tools and infrastructure that empower users to achieve sustainable profits while simplifying complex financial interactions.Conclusion: A Promising Step for DeFi UsersBinance Labs’ investment in Astherus marks a significant milestone for the DeFi ecosystem. By championing innovative platforms like Astherus, Binance continues to pave the way for a more inclusive and efficient decentralized financial future.
2
--

Former CFTC Chair Suggests SEC May Drop Ripple Lawsuit

According to ShibDaily, Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC), has indicated that the U.S. Securities and Exchange Commission (SEC) might consider dropping its lawsuit against Ripple. In a recent interview with FOX Business, Giancarlo discussed the broader landscape of cryptocurrency regulation and the increasing influence of the CFTC in this domain. During the interview, FOX Business Senior Correspondent Charles Gasparino asked Giancarlo about the likelihood of the SEC reassessing its legal stance against Ripple, especially in the context of a potential Donald Trump presidency. Giancarlo suggested that the SEC should review cases it has lost at the trial court level and contemplate dismissing them. His comments suggest that new leadership at the SEC could decide to abandon the Ripple case, particularly following a recent court decision. The SEC initiated legal action against Ripple Labs in December 2020, accusing the company of raising $1.3 billion through the sale of XRP, which it claimed was an unregistered security. In July 2023, U.S. District Judge Analisa Torres delivered a mixed ruling, stating that Ripple’s programmatic XRP sales via cryptocurrency exchanges did not qualify as securities transactions under federal law. However, she also determined that Ripple’s direct sales of XRP to institutional investors did constitute securities transactions. Both Ripple and the SEC have filed appeals, with more detailed arguments expected in the coming months. Giancarlo, who is often referred to as “Crypto Dad,” is reportedly a leading candidate for the role of “Crypto Czar” under President-elect Donald Trump. Trump’s transition team is considering the establishment of a new White House position aimed at coordinating cryptocurrency policy. This role, potentially titled “Crypto Czar,” would provide direct access to President-elect Trump and serve as a central policy coordinator across federal agencies. The article emphasizes that it is intended for informational purposes only and should not be interpreted as financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
15
--

RippleX Provides Update On XRP Ledger Bug Incident

According to U.Today, RippleX has issued an important update concerning the XRP Ledger following a recent bug incident that affected the network. On November 25, 2024, at 1:39 p.m. UTC, the XRP Ledger encountered a problem where several nodes crashed and restarted simultaneously, causing a temporary halt in transaction processing for about 10 minutes. During this period, the network's consensus mechanism prioritized safety over progress, ensuring no funds were lost. By 1:49 p.m. UTC, the network resumed normal operations. Brad Chase, Vice President at RippleX, addressed the community in a social media post, providing insights into the cause of the incident and the steps taken to resolve it. The issue originated from a bug introduced over six months ago, which caused the caching layer of the 'rippled' software to return inconsistent results, leading to server crashes. Although the bug went unnoticed during testing, it was discovered at the end of the testing phase for rippled version 2.3.0. A fix was developed and released internally, and the RippleX team worked closely with the community and UNL operators to implement updates and secure the network. The community's prompt response to the update has been commendable, with 33 out of 35 validators on the default UNL and nearly half of known servers already upgraded to rippled 2.3.0. However, unpatched nodes remain vulnerable, and RippleX urges all users to update their infrastructure to the latest version. To mitigate risks for unpatched users, RippleX plans to withhold specific technical details until most servers have been upgraded. Node operators have until December 12 to complete the upgrade, after which more technical information will be shared. This delay in sharing details is intended to prevent potential exploitation of the bug by malicious actors. RippleX emphasizes the importance of upgrading to version 2.3.0 promptly to ensure network security.
17
Разгледайте най-новите крипто новини
⚡️ Бъдете част от най-новите дискусии в криптовалутното пространство
💬 Взаимодействайте с любимите си създатели
👍 Насладете се на съдържание, което ви интересува
Имейл/телефонен номер
Съответен създател
LIVE
Binance News
@Binance_News
Карта на сайта
Cookie Preferences
Правила и условия на платформата