🫨 Nearly $2 billion in dormant Bitcoin reenters circulation after five years
The BTC moved once in 2019, and before that dormant since 2013.
Arkham Intelligence notes: 49 addresses consolidated into 5, each now holding between 8K-12K BTC ($380M-$480M per address)

#bitcoin #btc #arkm #arkham #crypto #CryptoNews.

▪️ Analysts predicts that Crypto users to reach almost one billion in 2024 #crypto #crypto2024 #CryptoNews.

#shibanews #ShibaInvestment #cryptofans

The main developer of Shiba Inu, Shytoshi Kusama, has indicated significant progress in the ambitions of the project. Kusama's statements, which were shared on X (formerly Twitter), provide insights into the strategic orientation of Shiba Inu and its integration into the broader Internet infrastructure.

In allusion to the fake spot news about the approval of Bitcoin ETFs, Kusama said: "Hey, SHIBARMY! While everyone focusses on whether approved or not, hacked or not, we continued to focus on creating what we promised: a network status. Since I listen to a lot of Web 3, but not enough WEB, we are talking about SHIB NAME TOKENS."

Kusama explained the orientation of the project and emphasised the importance of domains in the digital world: "Domains are the identity layer of the Internet. For 40 years, they have made the use of the Internet easier for everyone. If you enter something in your browser, you will be taken to the Shib website. What if you could do more?"

In order to increase acceptance, Shiba Inu works with D3 to apply for the top-level domain (TLD) .shib, with the aim of having a significant impact on the Internet landscape. "This allows us to open up the infrastructure used by 5.3 BILLION people worldwide," Kusama noted and emphasised the wide scope of this project.

The plan provides for the use of domains to set up a seamless identity layer for Shib throughout the Internet without the need for special software, wallets, plugins or extensions. This step could dramatically simplify user interaction with the Shiba Inu ecosystem and potentially revolutionise digital identity verification and interaction on Web3 platforms.
#CryptoNews.

🚨 Ripple CEO Brad Garlinghouse speaks out against SEC Chair Gary Gensler! 🗣️ Multiple political figures join the criticism. Cantor Fitzgerald CEO Howard Lutnick endorses Tether USDT, confirming it's fully reserved. 🌐💼 IRS pauses $10K crypto transaction rule. Here's the breakdown:
1️⃣ Ripple vs. SEC:
🔗 Brad Garlinghouse calls Gensler a "political liability."
🔗 Political candidates oppose SEC actions.
🔗 Ripple's strategic move at Davos.
2️⃣ Tether Validation:
💼 Cantor Fitzgerald CEO Howard Lutnick's endorsement.
💼 "I've seen it, they have the money," says Lutnick.
3️⃣ IRS Rule Pause:
💰 Businesses exempt from reporting crypto transactions over $10K.
💡 Industry pushback and confusion on legal claims.
📈 Crypto Market Insights:
💡 Bitcoin ETFs trade $10B in 3 days, experts foresee continued growth.
💡 Fidelity promotes crypto awareness with detailed infographics.
💡 Future projections for Bitcoin and crypto adoption.
🔍 Disclaimer: Stay informed, conduct independent research before investing. All crypto activities are at the reader's discretion.
📺 #RippleSECSettlement #CryptoRulebook #Ripple.was.trading #CryptoInsights #CryptoNews. 🚀

🚨 Recent Update 🚨📢:-

Bitcoin Price Prediction 📈📊 as BTC Falls to Lowest Level in 2024 – Where is the Next Support?

Bitcoin price has experienced a notable decline, trading at $42,825 with a sharp decrease of nearly 7% on Saturday, marking its lowest level in 2024. This downturn comes amidst growing skepticism from Bitcoin’s leadership about its acceptance as a mainstream form of money. 🤑💲

Concurrently, the cryptocurrency landscape is witnessing a competitive battle among issuers of spot bitcoin Exchange-Traded Funds (ETFs), primarily centered around fee structures. Notably, Bitwise has emerged as a leader in Bitcoin ETF flows on the first day, signaling a shifting dynamic in the market.

This recent price dip raises crucial questions about Bitcoin’s next support level and the potential pathways for its recovery.

Bitcoin’s Leadership Expresses Doubts Over Its Future as Currency:

BlackRock CEO Larry Fink, while acknowledging Bitcoin’s value as an asset class, expressed skepticism about its viability as a regular transactional currency. In a recent interview, Fink stated, “I don’t believe it’s ever going to be a currency,” viewing Bitcoin more as an alternative for wealth storage rather than a replacement for national currencies.

Eleanor Terrett

He also emphasized the likely emergence and future use of central bank digital currencies (CBDCs). Downplaying the importance of Bitcoin price forecasts, Fink admitted not giving them much thought.

NEW: Larry Fink tells us it was 3 years ago that he came around to a more positive way of thinking about #Bitcoin. Here are the full quotes from @FoxBusiness's interview with the head of the world's largest asset manager:
"I did believe, and this is Gary's position, that… https://t.co/H85o34mlwO

👉👉👉 BPRC6T6GKV ( Claim it Now ) BNB

$BTC

#BTC #Update #CryptoNews.

Bullish breakout will take avalanche to 52
#AVAX. #cryptoleads #cryptocurrecny #CryptoNews.

#SUI Surges after Revolutionizing On-Chain Trading with Bluefin v2 $SUI

Daily Top Performer — Sui Network (SUI)

The SPX index is up 0.59%, this positive trend is part of a strong fourth quarter, driven by expectations that the Federal Reserve may reduce interest rates next year, fueling optimism for a smooth economic transition. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.35% and 1.39% respectively in the past 24 hours. 

Today’s outperformer is SUI, which jumped 5.7% after revolutionizing on-Chain trading with Bluefin v2's Sui-Powered speed, efficiency, and wallet-free experience.

Sui Network (SUI), launched on May 3, 2023, is a Layer 1 blockchain that features parallelized EVMs allowing a blockchain to process unrelated transactions at the same time, improving transaction speeds and lowering costs. It was designed by Mysten Labs, led by former Meta executives. Bluefin, a DEX on Sui, is progressing towards redefining on-chain trading. Bluefin v2, supported by Sui, is shifting its focus to enhance the user experience with features like lower costs, faster transaction speeds, and wallet-free trading using a Google account. With significant growth in trading volume and market share on Sui, it aims to rival centralized exchanges. Key developments include account abstraction, a redesigned UI, and breakthrough performance with cross-margining. 

#crypto #btc #CryptoNews.

🚨 Update on Coinbase vs SEC Legal Battle 🚨
The first round of oral arguments has concluded, and the judge, Katherine Polk Failla, is impressed with Coinbase's grasp of the complex issues. The DeFi community's amicus brief, praised by the judge, argued that Coinbase's staking doesn't qualify as an unregistered security.
Judge Failla questioned the SEC's reliance on the Howey Test, citing crypto-supportive Senator Cynthia Lummis's perspective: "We've had 90 years where these securities laws have applied. But now we have something new." Coinbase contends the SEC's interpretation is too broad.
The company's lawyer argued, "I think there would have been a lot of surprise in the 1933/1934 Congress to find an investment contract didn’t have anything to do with a contract at all."
Awaiting the judge's decision, legal experts suggest a 2 to 6-week timeframe. Will this case follow Ripple Labs' prolonged legal battle with the SEC? Stay tuned for updates!
#CryptoNews. #Coinbase. #SecGov #trendingtoday

As a pioneer in offering spot crypto trading, #Robinhood is thrilled about the SECGov's decision to approve spot Bitcoin ETFs. We plan to list these ETFs on Robinhoodapp as soon as possible.” - Vlad Tenev
#CryptoNews. #SEC #ETF #cryptoleads