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Thailand is the crypto hotspot of 2023 based on a whopping $116.4 billion trading volume, according to a report by HashKey Capital.
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#shiba⚡ Inu addresses holding at least $1 million in SHIB rose from 589 to 947 in a year, coinciding with the token’s 53.65% rise. Shiba Inu has experienced fluctuations in the crypto market, with its price dropping over 27% in the past month. However, the token saw a minor 0.98% increase in the last 24 hours, though it remains 1.47% lower over the past week. Meanwhile, data indicates an increase in high-value holders, suggesting notable accumulation among large investors. Increase in High-Value Shiba Inu Holders Over the past year, the number of Shiba Inu addresses holding at least $1 million worth of SHIB rose from 589 to 947. This marks an increase of 358 millionaire addresses. Additionally, addresses holding $10 million or more in SHIB grew from 59 to 69. The rise in these addresses suggests increased whale activity, potentially signaling interest from larger investors or institutional players. The growth in these high-value holdings may result from either an increase in SHIB accumulation or price appreciation. Specifically, SHIB’s price climbed from $0.000010 in February 2024 to approximately $0.000016 in February 2025, reflecting a 53.65% increase. While millionaire addresses peaked at 1,520 in March 2024, when SHIB reached $0.000045, the count later declined but recovered in December 2024 and is now decreasing again. Despite the drop, data confirm that the number of millionaire addresses remains higher than a year ago. This trend suggests that whale accumulation and price appreciation might both have contributed to the rise in millionaire addresses. #CryptoNewsFlash
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As #Solana revisits the $160 level amid rising supply pressure, the bearish sentiment surrounding SOL’s price trend warns of a potential massive crash. Will the downfall push SOL to $106? Solana is gaining bearish momentum by hitting its 3-month low price at $160. With four consecutive bearish candles in the daily chart, the trendline breakdown rally puts significant pressure on the $160 supply zone. With a low price rejection and an intraday recovery of nearly 1%, bulls are clinging for a potential bounce back. Will short-term crypto market stability provide Solana an opportunity to reclaim the $200 psychological mark? Let’s find out. SOL Price Trend Hits 3-Month Low at $160 In the daily chart, the SOL price trend reveals a massive surge in bearish momentum after the bullish failure on January 19, creating an all-time high of $295. Solana failed to sustain the bullish momentum, leading to a quick turnaround from the $260 supply zone. The high-momentum Solana move broke below the long-coming support trendline, significantly increasing the bearish pressure over the $170 demand zone. As the short-term conditions reflect a high possibility of a breakdown rally, the lower price rejection on daily candles hints at a potential bounce back. Currently, Solana is trading at a market value of $170, with an intraday recovery of nearly 1%. Despite the low price rejection, the technical indicators suggest a bearish continuation. The contraction of the upper and lower Bollinger Bands indicates decisive bearish momentum. With the current Doji candle, bulls are hoping for a potential morning star pattern to form. #CryptoNewsCommunity
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"Ethereum Bulls Eye $3,000 – Will You Profit or Miss Out?"
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#Cardano has reached a significant milestone in its journey toward decentralized governance. In a video broadcast on Tuesday, founder Charles Hoskinson shared the exciting news that the Cardano Constitution has officially replaced the interim version. This feat followed a successful ratification vote. With an impressive 85% approval, the Cardano community overwhelmingly endorsed the new Constitution. Only 6.62% opposed, and about 7.68% abstained from voting. This marks a resounding endorsement of the foundational document. Given the weight of this achievement, Hoskinson took to a live video to congratulate the entire Cardano community: “This is a special broadcast I’m very proud to make. Allow me to be one of the first to congratulate the entire Cardano ecosystem for reaching the ratification threshold for the Constitution.” How Cardano Constitution Attained Unanimous Support Hoskinson highlighted that the Constitution took over two years to craft. It results from countless workshops, debates, and contributions from over 1,800 participants across 50 countries. “There were times of uncertainty, and many thought we couldn’t do it, but we proved them wrong,” he said. Ultimately, the unanimous support from the Constitutional Committee members surpassed the required 67% threshold. According to Hoskinson, this achievement symbolizes the decentralized power of the Cardano ecosystem. He went on to liken this success to the U.S. government, asking, “When was the last time the U.S. Constitution was amended?” adding, “I believe it was the early 90s.” Hoskinson argued that passing a Constitutional Amendment at the federal level would be nearly impossible in today’s political environment. “But we did it here, across the world,” he proudly revealed. #cryptonewstoday
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Following the commencement of the first distribution of claims to #FTX creditors, top representative Sunil Kavuri has highlighted the next payment date. In an X post yesterday, Kavuri disclosed that FTX has commenced repayments to creditors with claims worth less than $50,000. According to the activist, the defunct crypto exchange initiated the first payment yesterday, February 18, 2025, at 10:00 a.m. (ET). Notably, FTX will distribute a total of $1.2 billion to creditors with less than $50,000 in individual claims. Of this amount, the exchange repaid $800 million to creditors yesterday. Kavuri revealed that this payment covers 162,000 accounts, representing 35.21% of the 460,000 eligible claims. Per Kavuri, the payments were evenly split between the original FTX account holders and claim buyers. These categories of creditors received $400 million (50% of the $800 million earmarked for the first payment) each. Next Payment Schedule In a follow-up tweet, Kavuri disclosed the next payment schedule for FTX reimbursement. He highlighted April 11, 2025, as the official record date for claims exceeding $50,000. Notably, creditors with claims above $50,000 must be recognized to confirm their eligibility for repayment. Afterward, distribution will commence on May 30, 2025, for creditors within this category. The defunct exchange will also reimburse smaller claims below $50,000 on this date. These are users who did not receive payouts yesterday despite being approved for repayment. FTX Debacle The ongoing distribution comes nearly three years after FTX suffered a devastating collapse in late 2022, plunging it into bankruptcy. After several legal proceedings, a bankruptcy judge approved the FTX reorganization plan in October 2024, paving the way for repayment. The $1.2 billion earmarked for smaller claims represents 9.23% of the $13 billion FTX is expected to distribute to creditors. Leading crypto exchanges BitGo and Kraken are handling the payouts. #CryptoNewsCommunity
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