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What happened in crypto this week
It’s been another busy week in the crypto market: Bitcoin$BTC
tops $107,000, FTX is to begin customer repayments in early 2025, CyberKongz receives “concerning rhetoric” in Wells notice from the SEC, US lawmakers cancel vote to renominate SEC Commissioner Caroline Crenshaw, and Injective and Sonic partner to build first cross-chain AI agent hub.
Bitcoin tops $107,000 for the first time
Earlier this week, Bitcoin reached new heights, topping above $107,000. At the same time, the
tops $107,000, FTX is to begin customer repayments in early 2025, CyberKongz receives “concerning rhetoric” in Wells notice from the SEC, US lawmakers cancel vote to renominate SEC Commissioner Caroline Crenshaw, and Injective and Sonic partner to build first cross-chain AI agent hub.
Bitcoin tops $107,000 for the first time
Earlier this week, Bitcoin reached new heights, topping above $107,000. At the same time, the
This Week in Crypto Games: Santa Brings Bitcoin, Ethereum Token Launch Frenzy
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!
Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games.
Our weekend roundup serves up the biggest news from the past week, along with a few other tid
Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games.
Our weekend roundup serves up the biggest news from the past week, along with a few other tid
SoonChain Partners with Omni Network to Boost Decentralized Gaming
#MarketCorrectionBuyOrHODL? SoonChain, a prominent AI-powered gaming platform, has announced its strategic partnership with Omni Network. This exciting collaboration aims to elevate the SoonChain gaming ecosystem. It will be done by leveraging Omni Network’s cutting-edge technology and a vast range of user base.
🔥 𝐒𝐎𝐎𝐍𝐂𝐇𝐀𝐈𝐍 𝐱 𝐎𝐌𝐍𝐈𝐀 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩🚀
We're excited to join forces with @OmniFDN, a leading RPC provider specializing in decentralized infrastructure and AI.
💪�
🔥 𝐒𝐎𝐎𝐍𝐂𝐇𝐀𝐈𝐍 𝐱 𝐎𝐌𝐍𝐈𝐀 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩🚀
We're excited to join forces with @OmniFDN, a leading RPC provider specializing in decentralized infrastructure and AI.
💪�
#USJoblessClaimsFall Binance CEO Changpeng Zhao (CZ) has confirmed reports that the United Arab Emirates (UAE) now holds a staggering $40 billion in Bitcoin$BTC
.
This revelation underscores the UAE's growing influence in the global cryptocurrency market and highlights its strategic commitment to becoming a major player in digital asset investments. The significant Bitcoin reserves also signal the country's trust in blockchain technology as a store of value and a driver of economic growth.
#Bullish🔥
.
This revelation underscores the UAE's growing influence in the global cryptocurrency market and highlights its strategic commitment to becoming a major player in digital asset investments. The significant Bitcoin reserves also signal the country's trust in blockchain technology as a store of value and a driver of economic growth.
#Bullish🔥
#ElSalvadorBTCReserve 🐶 Shiba Inu ($SHIB
) Price Revisits Critical Support After 40% Drop
The Shiba Inu price has dropped 40% since its $0.0000334 high on Dec. 8. The decrease took the price to the long-term horizontal support of $0.0000200.
The reaction to this level will be critical in determining if the long-term trend is bullish or bearish. Let’s analyze the price action and see which is more likely.
) Price Revisits Critical Support After 40% Drop
The Shiba Inu price has dropped 40% since its $0.0000334 high on Dec. 8. The decrease took the price to the long-term horizontal support of $0.0000200.
The reaction to this level will be critical in determining if the long-term trend is bullish or bearish. Let’s analyze the price action and see which is more likely.
Shiba Inu Price Hits Key Inflection Point: Why SHIB Could Be a Buy Despite Whale Selloffs
The price of Shiba Inu ($SHIB
) has fallen sharply, dropping over 10% today and 22% over the past week. This downturn comes as some early Shiba Inu whales cash out profits in meme coins, including SHIB. CoinGape’s recent warning of a potential drop to the $0.000024 level has proven accurate. Despite the decline, SHIB's technical indicators suggest the possibility of a Santa Claus rally, with the token unlikely to fall further below the $0.0000234 mark.
Whale Selloffs Impact S
) has fallen sharply, dropping over 10% today and 22% over the past week. This downturn comes as some early Shiba Inu whales cash out profits in meme coins, including SHIB. CoinGape’s recent warning of a potential drop to the $0.000024 level has proven accurate. Despite the decline, SHIB's technical indicators suggest the possibility of a Santa Claus rally, with the token unlikely to fall further below the $0.0000234 mark.
Whale Selloffs Impact S
🐶 Shiba Inu Price Prediction: Can SHIB Double in Price?
Shiba Inu (SHIB) has turned heads with an impressive 153.3% yearly price increase, but recent activity raises questions about its near-term potential for further growth. Over the past 24 hours, SHIB’s trading volume hit $706,132,645—marking a 22.60% decline from the previous day. This signals reduced market activity. While some investors speculate about a 100% price rally, the outlook may not be straightforward.
Technical analysis from CoinPedia reveals that $SHIB
has formed
Technical analysis from CoinPedia reveals that $SHIB
has formed
🌖 Binance Announces Support for Major Terra Luna Classic Upgrade
Binance, the largest global crypto exchange, announced its support for the upcoming upgrade to the Terra Luna Classic ($LUNC
) network.
Scheduled for December 17, the v3.3.0 update is a critical step for the blockchain’s tax management and aims to boost its utility by attracting developers and new projects.
The exchange confirmed that the upgrade will occur at block height 21163600, around 14:02 UTC. In preparation, Binance will temporarily suspend deposits and withdrawals fo
) network.
Scheduled for December 17, the v3.3.0 update is a critical step for the blockchain’s tax management and aims to boost its utility by attracting developers and new projects.
The exchange confirmed that the upgrade will occur at block height 21163600, around 14:02 UTC. In preparation, Binance will temporarily suspend deposits and withdrawals fo
#BTCOutlook LUNC and USTC Price Action
Raising the burn tax to 1.5% will increase the rate of $LUNC
and $USTC
burns from the tax, the community pool funding rate, and funding to the oracle pool for long-term Terra Luna Classic staking rewards.
LUNC price fell 9% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001135. The 24-hour low and high are $0.0001115 and $0.0001243, respectively. However, trading volume has increased by 38% in the last 24 hours.
Meanwhile, USTC price also dropped 7%, with the price now trading at $0.02029. The 24-hour low and high are $0.01887 and $0.02178, respectively. The trading volume saw an 87% rise over the last day.
Raising the burn tax to 1.5% will increase the rate of $LUNC
and $USTC
burns from the tax, the community pool funding rate, and funding to the oracle pool for long-term Terra Luna Classic staking rewards.
LUNC price fell 9% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001135. The 24-hour low and high are $0.0001115 and $0.0001243, respectively. However, trading volume has increased by 38% in the last 24 hours.
Meanwhile, USTC price also dropped 7%, with the price now trading at $0.02029. The 24-hour low and high are $0.01887 and $0.02178, respectively. The trading volume saw an 87% rise over the last day.
#BTCNextMove ENA/USDT
Entry Points:
1.$1.051
2.$1.016
3.$0.990
Targets:
TP1: $1.130
TP2: $1.199
TP3: $1.326
Risk Management: Use 3% of your portfolio.
Entry Points:
1.$1.051
2.$1.016
3.$0.990
Targets:
TP1: $1.130
TP2: $1.199
TP3: $1.326
Risk Management: Use 3% of your portfolio.
#CorePCESignalsShift 😂 When Jail Becomes the New Crypto Hub
Luigi Mangione, accused of murder, now shares a cellblock with Sam Bankman-Fried, the fallen FTX king. Coincidence or fate? One scammed billions; the other inspired a $77M meme coin. 💰
Looks like the only bull run left for Sam is Mangione’s meme coin in the prison rec yard. 🐂🚀
Crypto truly knows no boundaries—jail included! 🤷♂️
Luigi Mangione, accused of murder, now shares a cellblock with Sam Bankman-Fried, the fallen FTX king. Coincidence or fate? One scammed billions; the other inspired a $77M meme coin. 💰
Looks like the only bull run left for Sam is Mangione’s meme coin in the prison rec yard. 🐂🚀
Crypto truly knows no boundaries—jail included! 🤷♂️
#USJoblessClaimsFall ADA/USD 1D time fame
$ADA
is showing weakness after breaking the bearish head and shoulders pattern. Key support lies at $0.91 and $0.86 breaking these levels could trigger a drop toward the $0.72–$0.65 zone. A breakout above $1.14 is needed to shift back into a bullish trend
$ADA
is showing weakness after breaking the bearish head and shoulders pattern. Key support lies at $0.91 and $0.86 breaking these levels could trigger a drop toward the $0.72–$0.65 zone. A breakout above $1.14 is needed to shift back into a bullish trend
LUNC News: Terra Luna Classic Community Burn Tax Proposal
The Terra Luna Classic community is voting on proposal 12149 “Set On-Chain Tax Rate to 1.5%” on the Station wallet. It aims to increase the on-chain tax rate from 0.5% to 1.5% and leave it unchanged unless the total supply reaches 10 billion $LUNC
.
The move comes after the successful implementation of the v.3.3.0 LUNC network upgrade. The upgrade simplified tax handling and reduced the burden for developers and dapps to build on the Terra Luna Classic network.
The 0.5% LUNC
.
The move comes after the successful implementation of the v.3.3.0 LUNC network upgrade. The upgrade simplified tax handling and reduced the burden for developers and dapps to build on the Terra Luna Classic network.
The 0.5% LUNC
🌖 Terra Luna Classic Votes on Proposal to Revise LUNC Burn Tax to 1.5%
The Terra Luna Classic community is voting on the controversial proposal to increase the burn tax from 0.5% to 1.5% again. This can significantly boost $LUNC
and $USTC
burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.
The community remains divided on increasing the on-chain tax rate as some agree with Binance co-founder Changpeng “CZ” Zhao to keep the burn tax low. On the other hand, some believe the Terra
and $USTC
burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.
The community remains divided on increasing the on-chain tax rate as some agree with Binance co-founder Changpeng “CZ” Zhao to keep the burn tax low. On the other hand, some believe the Terra
#ElSalvadorBTCReserve 🐶 Shiba Inu Price Prediction: SHIB Could Increase 100% While JetBolt Sustains Momentum
Shiba Inu (SHIB) is proving that $SHIB
is more than a meme coin. Rising 7.2% this month and positioning itself as a utility-focused player in the crypto market. Market watchers are keeping an eye on the $0.0000275 resistance level, which, if broken, could spark a potential 100% rally for SHIB.
Meanwhile, JetBolt (JBOLT) continues to steal the spotlight with revolutionary zero-gas technology and a presale that has captivated crypto enthusiasts and whales alike. With both SHIB and JBOLT vying for dominance, is it possible that SHIB could increase 100%, or will JetBolt’s cutting-edge innovation propel it to center stage? Let’s explore the latest on Shiba Inu price prediction while JetBolt sustains momentum.
Shiba Inu (SHIB) is proving that $SHIB
is more than a meme coin. Rising 7.2% this month and positioning itself as a utility-focused player in the crypto market. Market watchers are keeping an eye on the $0.0000275 resistance level, which, if broken, could spark a potential 100% rally for SHIB.
Meanwhile, JetBolt (JBOLT) continues to steal the spotlight with revolutionary zero-gas technology and a presale that has captivated crypto enthusiasts and whales alike. With both SHIB and JBOLT vying for dominance, is it possible that SHIB could increase 100%, or will JetBolt’s cutting-edge innovation propel it to center stage? Let’s explore the latest on Shiba Inu price prediction while JetBolt sustains momentum.
Shiba Inu (SHIB) Crashes Dramatically, Losing 20%
Shiba Inu has suffered a significant setback, losing almost 20% of its value in a few trading sessions. The price has fallen through important support levels such as the 50 EMA and is currently trading at about $0.00002214, having touched the 100 EMA. This sharp decline is a reflection of the intense selling pressure that is currently controlling the market.
Due to the bears' total dominance of the bullish sentiment, $SHIB
is now extremely vulnerable. Due to the asset's limi
Due to the bears' total dominance of the bullish sentiment, $SHIB
is now extremely vulnerable. Due to the asset's limi
Shiba Inu drops but analysts stay optimistic
Shiba Inu has experienced a massive price correction in the past few weeks. Data from CoinMarketCap shows the Shiba Inu price has dropped by 16.8% on the weekly timeframe. The losses have also extended to the biweekly and monthly levels where there are price drops of 23.0% and 3.1%.
The meme coin’s value is consolidating between $0.00002364 and $0.00002887 on the weekly level. Despite the decline, analysts maintain a bullish stance on the Shiba Inu crypto. Crypto Sheriff believes that $SHIB
{s
The meme coin’s value is consolidating between $0.00002364 and $0.00002887 on the weekly level. Despite the decline, analysts maintain a bullish stance on the Shiba Inu crypto. Crypto Sheriff believes that $SHIB
{s
🍌 Justin Sun and the $6M Banana Drama
Justin Sun, founder of Tron$TRX
, reportedly pressured CoinDesk to delete a spicy article about his $6.2M banana purchase—an art piece from Maurizio Cattelan's “Comedian”. Oh, and he allegedly ate it too. 🥴
The article didn’t just discuss Sun’s pricey snack but also touched on his SEC troubles and accusations of Tron being used for shady financial activities. CoinDesk's tone? Too sour for Sun’s liking. His team complained, and soon after, Bullish (CoinDesk's owner) had the
, reportedly pressured CoinDesk to delete a spicy article about his $6.2M banana purchase—an art piece from Maurizio Cattelan's “Comedian”. Oh, and he allegedly ate it too. 🥴
The article didn’t just discuss Sun’s pricey snack but also touched on his SEC troubles and accusations of Tron being used for shady financial activities. CoinDesk's tone? Too sour for Sun’s liking. His team complained, and soon after, Bullish (CoinDesk's owner) had the
🚀 The Crowd Believes in a Rebound
Bitcoin$BTC
bounced back to $98,000 after last night’s dip, but the descending trend remains intact.
🔍 But, according to Santiment, social media is buzzing with calls to "buy the dip," reaching the highest level in 8 months.
✅ A similar surge in optimism occurred during the August 4th crash. Back then, Bitcoin's market cap soared by +81%. 📈
Will history repeat itself, or is a further drop on the horizon? Share your thoughts below! 💬
🔥 -The drop is over, Bitcoin
bounced back to $98,000 after last night’s dip, but the descending trend remains intact.
🔍 But, according to Santiment, social media is buzzing with calls to "buy the dip," reaching the highest level in 8 months.
✅ A similar surge in optimism occurred during the August 4th crash. Back then, Bitcoin's market cap soared by +81%. 📈
Will history repeat itself, or is a further drop on the horizon? Share your thoughts below! 💬
🔥 -The drop is over, Bitcoin
#USJoblessClaimsFall 🎅 Will Bitcoin Deliver a Santa Rally?
📉 The recent dip in Bitcoin’s price has left the crypto community questioning the chances of a "Santa rally." Despite the uncertainty, many investors remain optimistic.
🔥 Popular crypto blogger Crypto Rover believes $BTC
will soon bounce off its local low and continue climbing to new heights.
📊 Meanwhile, trader @follis pointed out that a similar dip occurred late last year. If history repeats itself, Bitcoin could resume its ascent by Q1 2025.
📉 The recent dip in Bitcoin’s price has left the crypto community questioning the chances of a "Santa rally." Despite the uncertainty, many investors remain optimistic.
🔥 Popular crypto blogger Crypto Rover believes $BTC
will soon bounce off its local low and continue climbing to new heights.
📊 Meanwhile, trader @follis pointed out that a similar dip occurred late last year. If history repeats itself, Bitcoin could resume its ascent by Q1 2025.