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NFT sales on the Bitcoin network hit 881 million in December 2023, becoming the highest monthly sale ever.
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#Cardano founder Charles Hoskinson is launching a VC-free token distribution across eight blockchains, including the XRP Ledger, with the aim of ending “crypto tribalism.” At Consensus 2025 in Toronto, Hoskinson reiterated the groundbreaking airdrop, dubbed the Glacier Drop, as part of the rollout for Midnight, Cardano’s upcoming privacy-focused sidechain. The airdrop will target 37 million addresses across eight major blockchains, including holders of XRP, Bitcoin, and Cardano itself. The Glacier Drop will distribute two native Midnight tokens: NIGHT, a governance token, and DUST, for private transactions. No Venture Capital, No Insiders: Only Retail Users Departing from traditional token launches, Hoskinson confirmed that no venture capitalists or early insiders will receive Midnight tokens. He called attention to the airdrop’s simplicity and fairness during the event. Specifically, the system will allocate the airdrop to retail users. Hoskinson described the move as a principled stand against what he called “VC Ponzi” dynamics in crypto. Notably, token recipients will be free to trade, keep, or discard the assets. Aiming to End Crypto Tribalism Midnight’s Glacier Drop spans eight networks: Cardano, Ethereum, Solana, Avalanche, XRP Ledger, Bitcoin, BNB Chain, and BAT (Basic Attention Token). Hoskinson hopes to move beyond the tribalism that often divides crypto communities by bridging these ecosystems. “Every Consensus, there is a new token shouting ‘my thing is better than yours,’” he remarked, calling for a change from competitive to cooperative economics. Other industry leaders like Ripple CEO Brad Garlinghouse and attorney John Deaton are also advocating for collaborative efforts over the typical rivalry that has plagued the crypto ecosystem. They stressed that the industry grows stronger through unity rather than existing in separate factions... #Crypto
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A prominent crypto whale has drawn attention by opening a long position on #XRP with $12 million. According to data from blockchain analytics firm Lookonchain, the whale first capitalized on Ethereum’s early May 2025 rally, securing over $10 million in unrealized gains. However, the focus shifted to XRP, as the same entity recently initiated a long, $12 million leveraged position in the asset. This XRP bet, placed just hours before Lookonchain’s update on May 12, 2025, accumulated over $260,000 in paper profits. Gains on Ethereum Set Stage for XRP Long The whale’s Ethereum strategy unfolded early in the rally, as ETH climbed from around $1,800 to above $2,500 within less than a week. By May 11, Lookonchain confirmed that the trader’s long ETH position had yielded a substantial unrealized profit of more than $10 million. This successful execution appears to have laid the groundwork for the next strategic step. Now, the same whale shifted focus to XRP, opening a 2x leveraged position valued at nearly $12 million. This XRP position has quickly become profitable. Within eight hours, the trade was already up by $261,000. Over the past seven days, XRP posted an over 10% increase, moving from $2.1 to $2.4. Anticipating XRP’s explosive Rally Essentially, this positioning suggests this entity is anticipating XRP’s explosive growth, as the coin has yet to capitalize on the ongoing bull momentum in the market. Despite a modest price increase of over 11% in the past week, XRP has remained relatively subdued compared to earlier market surges. Recall, XRP saw a strong rally that peaked in January 2025, briefly pushing its price above the $3 mark. Following that high, the asset entered a corrective phase, even slipping below the $2 threshold around April. #Crypto
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“Only 3 Days Left? SHIB Team Forecasts 1,000% Rally Incoming!”
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“Massive ADA Gains Ahead! Top Analyst Reveals Cardano Plan to Maximize Profits at $8.5 Target!”
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With Bitcoin returning above $100,000, Binance’s Changpeng Zhao has outlined a golden rule that holders must adhere to in order to lock in good returns. The flagship cryptocurrency reclaimed $100,000 on Thursday, extending its recent top form. Notably, the rally has induced ecstasy in the crypto community, replacing the fears and panic seen in the market a few weeks back when Bitcoin dumped below $80,000. Changpeng Zhao, the co-founder of Binance, acknowledged this mood shift in a recent X post, advising enthusiasts on how to stay profitable in the crypto market. He stated that Bitcoin is easy if you “just don’t panic sell.” Don’t Just Panic Sell: CZ CZ’s tweet was particularly directed to those who could not withstand the market volatility in the past few months and chickened out of their holdings. According to him, holding above the fears, doubts, and uncertainties (FUD) is crucial, as panicking in the face of adverse market conditions would ensure you sell at a loss. Remarkably, the former Binance CEO remained exceptionally calm during Bitcoin’s price slump from its all-time high of $109,300 in January to $74,000 last month. He has often encouraged investors to remain calm and leverage the dips to buy more. With Bitcoin regaining bullish momentum, CZ has reinstated the benefits of not panicking and just holding. To him, it is easier to make staggering returns on the pioneering cryptocurrency and the crypto market cap at large if you keep to this simple but golden rule. Why People Don’t Hold: CZ Meanwhile, in a parallel tweet on May 9, he further highlighted why holding is tedious for some people. In the piece, he emphasized that the lack of girth to HODL is due to investors not understanding blockchain technology and finance. The prominent industry leader noted that buying Bitcoin based on recommendations without an in-depth knowledge of its underlying technology and future trajectory results in lower conviction to hold during downsides. To cure this, CZ recommended personal research and knowledge seeking... #CryptoNewss
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