💥 Trump buys out Trump-backed World Liberty Financial Hold | TopCryptoNews on Binance Square

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💥 Trump buys out
Trump-backed World Liberty Financial Holding bought 6 cryptocurrencies for $70 million:

- #ENA 
- #LINK 
- #ONDO 
- #AAVE 
- #cbBTC 
- $ETH 

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ETH

4,006.59

+3.03%

ENA

1.1568

-1.24%

LINK

28.37

-4.02%

15.2k

0

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📊 Ethereum ($ETH ) Bearish Signal, $3,500 the Next Target? Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is showing signs of a potential price decline after recent bearish price action. In addition to the price action, whales and industry experts seem to be losing interest in the altcoin. 🔸 Will #ETH Price Decline? Recently, ETH experienced a price surge of over 15% and hit the $4,100 mark for the first time since March 2024, where it faced selling pressure and a notable price decline. Historically, ETH has reached this level five times, and each time, it has encountered a price decline and significant selling pressure. 🔸 #Ethereum (ETH) Rising Exchange Reserve This time, looking at past trends whales and long-term holders appear to continue depositing their ETH to exchanges, as revealed by CryptoQuant’s ETH exchange reserve metrics. Data shows that exchange reserves have increased by nearly 100k ETH worth $400 million which could signal increased selling pressure as the price nears a six-month high. 🔸 Rising Unstaking Activity In addition to the rising exchange reserves, whales have begun withdrawing tokens from staking, suggesting they are gradually taking profits due to the recent price surge or indicating a loss of interest in holding ETH long-term. This is evidenced by the recent activity of Justin Sun, the founder of Tron. On December 16, 2024, the whale transaction tracker Spotonchain shared a post on X (formerly Twitter) stating that Sun’s linked wallet address requested to withdraw 52,905 ETH, worth $209 million, from the staking protocol Lido Finance. 🔸 Ethereum (ETH) Technical Analysis and Key Levels According to expert technical analysis, ETH appears to be forming a bearish double-top price action pattern at the strong resistance level of $4,100. In addition to the double-top pattern, ETH’s Relative Strength Index (RSI) is falling, indicating a bearish divergence, which further suggests a price decline and increased selling pressure.

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🐋 Dormant Bitcoin Whale Wakes Up with $530M $BTC on The Move A Bitcoin whale dormant since April 2021 has stirred, transferring approximately $530 million worth of BTC into two new addresses. Blockchain data reveals one wallet now holds $420 million, while the second contains exactly 1,000 BTC, valued at around $107 million. 🔸 #Bitcoin Whale Movement Amid Price Surge The whale’s last activity dates back to April 2021, a period when BTC traded near its all-time high of $64,000, according to data from Arkham Intelligence, a blockchain tracking platform. With Bitcoin price recently stabilizing above $103,000, the transfer has raised speculation about the whale’s motives, with some analysts suggesting a potential profit-taking move. Large-scale transactions like this often attract attention due to their potential impact on market dynamics. Whale activity is closely monitored as it can signal significant market shifts or upcoming price volatility. Despite the massive movement, no immediate sell-off has been reported, indicating the whale may not be offloading their holdings just yet. 💬 #BTC WHALE WAKES UP: MOVES $530M AFTER 3 YEARSA Whale that has been dormant for over 3 years has just moved $530M of Bitcoin into two new addresses, with one holding $420M and the other holding exactly 1000 BTC (~$107M)The last time this BTC moved was 3 years ago, in April… — Arkham (@arkham) December 16, 2024 Bitcoin price remains resilient, supported by recent positive sentiment in the crypto market, including growing institutional adoption and regulatory clarity. However, the reactivation of dormant wallets can sometimes introduce uncertainty, as investors weigh the possibility of increased selling pressure. Traders will be watching closely for any further activity from these wallets or signs of movement to exchanges. For now, the market appears to have absorbed the news without major disruption, with BTC maintaining its position above the $103,000 level. #Whale

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Cardano ($ADA ) Price Prediction for December 17 ADA, the native token of the Cardano blockchain, is gaining significant attention from crypto giants despite its ongoing price consolidation. On December 17, 2024, data from on-chain analytics firm Santiment revealed a massive rise in whale activity on the Cardano network, signaling potential upside momentum. 🔸 Whale Transactions Surge on Cardano Network According to the data, the Cardano network witnessed a substantial 687 transactions, each worth more than $1 million, recorded in the past 24 hours. This highlights whales’ rising interest and confidence in the altcoin, suggesting a major price rally could be on the horizon. Additionally, these notable transaction details were highlighted by crypto experts on X (formerly Twitter). However, ADA experienced this surge in transactions during a period of consolidation, as it traded within a tight range over the past week. 💬 A massive surge in whale activity on the #Cardano ADA network! In the past 24 hours, 687 transactions exceeding $1 million were recorded. — Ali (@ali_charts) December 16, 2024 🔸 Cardano (#ADA ) Technical Analysis and Upcoming Level According to expert technical analysis, ADA appears to have formed a bearish head and shoulders price action pattern. However, this pattern isn’t yet complete, as the price remains trapped in a consolidation range between $1.07 and $1.14. This range could determine whether ADA moves upward or downward in the coming days. 🔸 ADA Key Levels and Current Price Momentum Based on recent price action, if ADA breaks out of the narrow range and closes a daily candle above the $1.14 level, the bearish pattern would be invalidated, and ADA’s price could soar by 43% to reach the $1.63 mark in the future. Conversely, if ADA breaks down from the range and closes a daily candle below $1, the bearish pattern would be confirmed, and ADA could witness a price decline of 24%, falling to the $0.78 level.

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📈 Bitcoin Leads Now, Altcoin Season Looms Bitcoin has taken center stage in the cryptocurrency market, fueled by a mix of strong fundamentals and narratives that have caught the attention of both institutional and retail investors. Recent developments, including the US Bitcoin Reserve, growing enthusiasm for Bitcoin ETFs, BlackRock’s 2% portfolio recommendation, and MicroStrategy’s inclusion in the Nasdaq 100, have all contributed to Bitcoin’s surging momentum. This combination of events has solidified Bitcoin’s role as a serious macro asset and market leader. 💬 When altseason? Let’s face it: when we talk about altcoins these days, we have to get specific. Not all alts are behaving the same. Some, like AAVE, are pushing higher, while others, like MANA, are just consolidating, waiting for their moment.Meanwhile, Bitcoin is stealing…— Ali (@ali_charts) December 15, 2024 Ethereum has often been the first to benefit from this transition. Data reveals that Ethereum has consistently started outperforming Bitcoin every December, providing a key signal for traders looking to capitalize on the altcoin surge. The shift is driven not by speculation alone but by the movement of smart money, which looks for opportunities in projects with strong fundamentals and clear utility. 🔸 Strong Altcoins Ready to Break Out as Altcoin Season Approaches As the market awaits Bitcoin’s consolidation, attention is turning to altcoins that have demonstrated real-world use cases and strong fundamentals. Unlike speculative assets, these projects are building solutions that address core needs within the blockchain ecosystem, making them likely candidates to thrive in the next market cycle. Worldcoin, with its focus on identity verification and global finance, has emerged as an innovative project gaining traction. Uniswap remains a key player in decentralized finance as the leading decentralized exchange, while AAVE’s recent price strength highlights its role as a dominant force in the DeFi space. #Altcoins #Altcoin #BTC #Bitcoin

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Polygon’s $1B yield plan under fire from former employee A former Polygon employee, via an X post, flagged the blockchain’s risky incentive injection to boost its Aggregation Layer (AggLayer) ecosystem. He suggests that the Polygon community is evaluating a proposal to generate yield from over $1 billion in stablecoin reserves held on the PoS Chain bridge. The AggLayer is a decentralized protocol that aggregates ZK proofs from all connected chains and ensures safety for near-instant cross-chain transactions. The proposal came when Polygon recently transitioned from MATIC to POL, its new native token. POL is serving as the gas and staking token for Polygon’s proof-of-stake chain while supporting the network’s ambitious 2.0 roadmap. Polygon’s $1B yield proposal sparks debate Pranav Maheshwari in an X post mentioned that the proposal to generate yield from stablecoin reserves was presented by the Allez Labs in collaboration with DeFi protocols. The plan suggests approximately $70 million in annual opportunity costs from the idle reserves. Polygon Bridge locks the stable reserves through multiple processes. First of all, a user decides to initiate the transfer of tokens from Ethereum to Polygon. After this, tokens are being locked in a smart contract on Ethereum which serves as an escrow. It ensures that the tokens remain secure until the process is complete. The former Polygon employee highlighted that these locked tokens are the assets that the side chain is looking to use as collateral to generate yield for the ecosystem. However, Validators on Polygon are notified of the locked tokens in the process while equivalent tokens are minted on the network. Here comes the main thing – How will the yield be generated from here? Maheshwari added that around $1.3 billion in stablecoin is sitting idle on the Polygon Pos Bridge. These funds would be bridged to Ethereum and deposited into ERC-4626 vaults (Morpho Labs, Sky Ecosystem) to generate 7% APY which will eventually yield $91 million annually. #POL #Polygon

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