The ENA team has recently introduced its new stablecoin, which grabs attention due to its partnership with BlackRock.
This collaboration employs tokenized bonds as reserve assets, fostering investor confidence and potentially catalyzing rapid growth in alternative cryptocurrencies and real-world asset (RWA) tokens.
What is BlackRock's role in this new stablecoin?
As the largest asset manager in the world, BlackRock manages over $10 trillion in assets and has launched the prominent spot Bitcoin ETF, IBIT. The firm also issues one of the most significant tokenized bonds, known as BUILD, underscoring its commitment to the cryptocurrency sector.
A new stablecoin arrives: USDtb
Ethena Labs has unveiled the USDtb stablecoin, which is backed by the BUILD token in collaboration with Securitize, a leader in the tokenization of real-world assets.
This stablecoin maintains a 1:1 peg with the dollar, with 90% of its reserves anchored in BUILD, reflecting established stablecoins like USDC and USDT. Significant points to highlight from this development include: USDtb aims to provide an alternative collateral to USDe across various centralized exchanges.
Bitcoin ETFs under pressure after record outflows at BlackRock ▪ Regulation Crypto The cryptocurrency market has recently been shaken by a record outflow of $73 million from BlackRock's Bitcoin exchange-traded fund (ETF) (IBIT). This event marks the largest fund outflow since the ETF's launch in January 2024.
An investor looking at their phone with a fearful and panicked expression, a notification showing M record outflow with bitcoin coins in the air. In front of the image of a giant phone displaying BlackRock. BlackRock's Bitcoin ETF suffers a record outflow of $73 million On December 20, BlackRock's IBIT recorded an outflow of $72.7 million, ending a series of fund inflows that had characterized the ETF since its inception. This massive outflow closely followed another record outflow of $208.5 million from Fidelity's Bitcoin fund, the FBTC, on December 19. These two consecutive events have raised concerns among investors about the stability and future of Bitcoin ETFs. #ChristmasMarketAnalysis #MarketRebound
How to be among the first to try Elon Musk's satellite internet on a mobile phone
Starlink will be able to offer connection to people located in remote areas
Recently, Elon Musk's Starlink satellite internet service was approved for use on T-Mobile mobile phones in the United States. Although an exact date for the activation of the service has not yet been announced, the telecommunications company has enabled a website where users can register to be the first to try it.
It is https://es.t-mobile.com/coverage/satellite-phone-service. Users only have to access it and press the option 'Register now'. #ChrismastMarketAnalysis
Bitcoin drops 10%: historical data shows it's the perfect time to enter Sharp price drops of Bitcoin have occurred several times in its history, only to rebound strongly, surpassing its price at the beginning of the drop. The Bitcoin fear and greed index remains at 74 (greed) despite the price drop.
Investors believe that the long-term bullish trend of Bitcoin will persist.
In the last three days, the price of Bitcoin plummeted from $108,000 to $95,000, a drop of more than 10%. While sharp drops often cause panic, historical data suggests that such adjustments can offer excellent buying opportunities.
March 2020: Bitcoin fell from $8,000 to $4,000 at the start of the pandemic, only to bounce back above $10,000 in months, and then reached an all-time high in 2021.
May 2021: Bitcoin dropped from $63,000 to $30,000 amid regulatory concerns, but rose to nearly $69,000 by year-end.
These patterns highlight that sharp corrections in Bitcoin often pave the way for profitable rebounds. The current 10% drop could also mark the base for the next price increase.
El Salvador has increased its Bitcoin purchases a day after agreeing to a deal with the International Monetary Fund that required reducing government-led crypto activities.
On December 19, the first nation to adopt Bitcoin as legal tender and host a strategic reserve of Bitcoin added 11 BTC worth over 1 million dollars to its holdings.
With the recent purchase, the country's total holdings now amount to over 5,980 Bitcoin, currently valued at more than 577 million dollars according to the National Bitcoin Office tracker. #MarketPullback
The fall of bitcoin liquidated more than USD 400 million of traders The cryptocurrency market turned red after statements from the Fed chairman. by Nickolas Plaza December 19, 2024 Reading time: 3 minutes
Bitcoin dragged several cryptocurrencies down. Jerome Powell explained that the Fed is not authorized to hold bitcoin. The cryptocurrency market suffered a severe blow yesterday, Wednesday, December 18, when bitcoin (BTC) experienced a day of high volatility. This led to the liquidation of more than 400 million dollars in the futures market.
The price of bitcoin dropped sharply from 105,000 dollars to 98,000 dollars, although it has since recovered and currently trades at 102,000 dollars.
This decline in the market's leading digital currency pressured the rest of the cryptocurrencies downward.
In the futures market, the losses were in the millions. According to data from the Coinglass explorer, the two major spikes in liquidations, primarily bullish, reached over 400 million dollars, as seen in the chart.
1.5 billion benefits in 24 hours: Ripple's RLUSD ignites the crypto market
The long-awaited moment has arrived: Ripple has finally launched its stablecoin, the RLUSD. And it’s not just another crypto in the market. Traders saw it as a golden opportunity, turning this news into a true leverage of profits. But beyond the initial euphoria, what are the real impacts of this entry on the scene? An analysis is necessary.
Trading XRP with joy Ripple RLUSD: a launch that shakes the market The current state of Ripple: the company led by Brad Garlinghouse has made a strong impact with the launch of the RLUSD, a stablecoin that promises the stability of a fiat currency and the efficiency of blockchain technology. In just a few hours, this new participant has established its presence on major cryptocurrency exchanges like Uphold, MoonPay, and Bitso. #MarketCorrectionBuyOrHODL
The economic calendar set for this week suggests a period of high volatility for the markets, including bitcoin (BTC) and cryptocurrencies. Above all, the Federal Reserve's (Fed) interest rate decision, scheduled for Wednesday, December 18, unleashes this possibility.
According to expectations surveyed by CME Group, there is a 97.1% probability that a 25 basis point rate cut will be implemented. This would place them at a total of 425-450 basis points.
Thus, it would mark the third consecutive easing of monetary policy in the United States. The previous two were in September and August, starting a period of cuts for the first time since the pandemic.
Markets reacted positively to the previous cuts, so it is expected that optimism will spread if this trend continues this week. Furthermore, since only a 25 basis point cut is anticipated, it reflects expectations that the economy does not require a hard measure to boost itself.
According to the analytics company Santiment, the outlook suggests that the U.S. and global economies could thrive with lower interest rates. Therefore, as reported by CriptoNoticias, it sees a positive scenario in place for the prices of bitcoin and cryptocurrencies.
"Cryptocurrencies, closely linked to the stock markets, have already reacted positively and could gain even more once the cuts are confirmed next week," says Santiment.
Bitcoin is at a crucial moment, just above the threshold of 100,000 dollars and awaiting a breakout that could push its value towards the zone of 107,000 dollars. Recent patterns and key technical signals point to bullish momentum, even as the market navigates subtle price fluctuations. The presence of strong institutional support, along with significant inflows into U.S. spot Bitcoin ETFs, has added a new sense of optimism. In this environment, an emerging project called Minotaurus is capturing attention, potentially influencing market sentiment as it moves through its presale stages. #MarketNewHype
Memecoins created by artificial intelligence (AI) are gaining increasing popularity in the digital asset market.
These are meme cryptocurrencies and tokens developed from scratch by AI bots autonomously. These agents are autonomous programs that can make decisions and perform actions independently by integrating technical, financial, and cultural aspects.
As explained in Criptopedia, the educational section of CriptoNoticias, memecoins are digital currencies inspired by a pet, jokes, or Internet memes. These assets do not solve specific problems and are generally used for financial speculation due to their high volatility.
Thejaswini, a cryptocurrency market analyst, states: “We are at the end of 2024, observing how AI is changing not only the way we trade cryptocurrencies but also the way we think about digital ownership itself.”
In the following chart, the growth of tokens launched by these bots during each day of November 2024 (blue bars) is observed. The red line shows the total accumulated from these launches. #BitcoinPrediction #bitcoinkeyzone #BitcoinKeyZone #BitcoinKeyZone
Binance and Circle formed a strategic alliance to broaden the adoption of the stablecoin USD Coin (USDC) and support the development of global digital assets and the wider financial services ecosystem. In this way, the largest cryptocurrency exchange opts for the main competitor of USD Tether (USDT).
According to the agreement, Binance will make USDC available across its complete set of products and services, ensuring that its more than 240 million global users can access and "use USDC seamlessly for trading, saving, and payment applications."
Additionally, Binance will adopt USDC, which has a market capitalization of USD 40.6 billion, as a vital dollar stablecoin for its own corporate treasury. For its part, Circle will provide Binance with the technology, liquidity, and other necessary tools for exchange users to fully utilize this cryptocurrency.
In turn, Circle will promote alongside Binance the creation of "key relationships" across the global financial and commercial landscape, as major companies worldwide "seek to benefit from cryptocurrency infrastructure and stablecoins for an increasingly broad range of use cases," according to Circle.
Richard Teng, the CEO of Binance, stated that through this partnership, its users will have even more opportunities to use USDC on the platform, including more USDC trading pairs, special promotions on this stablecoin in trading, and other products on Binance.
"We will also work closely with Circle to drive innovation and utility of stablecoins globally. By working together as a team, we believe we can materially advance the possibilities of the Internet financial system," said the executive. #BTCReclaims101K
We have to try to forget what bitcoin initially was and promote it for what it has the potential to become." With that phrase, Robert Kiyosaki, expert trader and author of the bestseller Rich Dad, Poor Dad, announced his prediction for the price of bitcoin in 2025.
According to the businessman and investor, the price of BTC will soon reach 250,000, and he even projected that it will do so in the first months of next year.
In his opinion, bitcoin is an important resource to combat the devaluation of fiat currency and "navigate the turbulent seas of global economic uncertainty." #MajorAirdropWatch
A simple 1 Solana (SOL) investment turned this trader into a true legend. Find out how well-placed intuition and a little patience generated a 2,580x return.
It all started with a simple 1 SOL bet, equivalent to $169, on October 25. While the memecoin community was buzzing after the explosive launch of $BAN, reaching a market cap of $60 million in just two days, this trader chose another path. Instead of giving in to FOMO and riding the trend, he discovered a much more discreet project: $Mundi, a little-known artistic memecoin.
A risky 1 SOL bet on $Mundi At the time, $Mundi had a modest market cap of $8,500. It was a bold bet, but the trader took the risk and bought 19.79 million $Mundi with just 1 SOL token. The goal? Wait and see if the project could attract enough attention to explode in turn. #2024WithBinance #2024withBinance
Night of transistors in South Korea. The president, the conservative Yoon Suk-Yeol, has attempted to declare martial law, to shut down Parliament, suspend political activities, and take control of the press. The news has caused a 'shock' in the markets, leading the South Korean won to fall 2.2% against the dollar and bitcoin to suffer a 'flash crash' - a sudden collapse - of 33% in just minutes in local markets, amid fears of a greater crisis.
The failed self-coup has caused tremors in the markets. Bitcoin has suddenly plummeted from about $96,000 to around $66,000 in major South Korean exchanges, following a flood of sell orders that dramatically multiplied the trading volume of a normal day. An hour and a half later, bitcoin continues to drop 2.66% in South Korean markets. A value similar to that of the won against the dollar, falling to its lowest level in two years.
Night of transistors in South Korea. The president, the conservative Yoon Suk-Yeol, has attempted to declare martial law, to close Parliament, suspend political activities, and take control of the press. The news has caused a 'shock' in the markets, leading the South Korean won to fall by 2.2% against the dollar and bitcoin to experience a 'flash crash' - a sudden plunge - of 33% in just minutes in local markets, amid fears of a larger crisis.
The failed self-coup has caused tremors in the markets. Bitcoin has suddenly plummeted from about $96,000 to about $66,000 in the main South Korean exchanges, following a flood of sell orders that dramatically increased the trading volume of a normal day. An hour and a half later, bitcoin continues to drop 2.66% in South Korean markets. A value similar to that of the won against the dollar, falling to its lowest level in two years. #2024withBinance
Surprise at Michael Saylor's advice to Microsoft about bitcoin
Crypto247 Editorial
Dec 2, 2024 6:12 AM EST
In a brief presentation, MicroStrategy co-founder Michael Saylor urged Microsoft's board of directors to abandon its conventional financial reliance on Treasury bonds, stock buybacks, and dividends, and instead adopt Bitcoin.
Saylor presented Bitcoin as a "progression option" to Microsoft's board in a presentation that lasted just over 3 minutes but consisted of 44 slides.
The executive claimed that BTC could reach a market capitalization of 280 trillion dollars by 2045.
Saylor urged Microsoft to convert its bonds and buybacks into Bitcoin, arguing that traditional investments only amplify the company's risk factors. According to Saylor, investing in BTC eliminates counterparty risk from competitors, countries, corporations, creditors, cultures, or currencies.
Crypto247 - Latest news about Bitcoin, Ethereum, blockchain and cryptocurrencies home Home Bitcoin News michael saylor ok1 Michael Saylor's advice to Microsoft on bitcoin surprises Crypto247 Editorial Dec 2, 2024 6:12 AM EST In a short presentation, MicroStrategy co-founder Michael Saylor called on Microsoft's board of directors to abandon its conventional financial dependence on Treasury bonds, buybacks and dividends, and instead embrace Bitcoin.
Saylor presented Bitcoin as a "progression option" to Microsoft's board of directors in a presentation that lasted just over 3 minutes but was made up of 44 slides.
The executive claimed that BTC could reach a market capitalization of $280 trillion by 2045.
Saylor called on Microsoft to convert its bonds and buybacks into Bitcoin, arguing that traditional investments only amplify the company's risk factors. According to Saylor, investing in BTC eliminates counterparty risk from competitors, countries, corporations, creditors, cultures or currencies.
The $BLUM airdrop is a unique opportunity to reward active participants who contribute significantly to the platform. To maximize your chances of qualifying, follow these key steps to meet the eligibility requirements and stand out in the selection process:
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2. Complete Platform Missions
Enhance your eligibility by completing the missions assigned on the platform. Regularly finishing these tasks highlights your proactive participation and consistent effort—important criteria for selection.
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Consistency is critical. Maintaining a daily activity streak on the platform demonstrates your loyalty and ongoing engagement. A strong streak significantly increases your eligibility for the reward program.
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Creating meaningful connections within the $BLUM community is essential. Expanding your social network to include up to seven individuals, often referred to as “connections,” showcases your active role in growing and contributing to the ecosystem.
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Ensure your blockchain wallet (such as TON or another supported wallet) is linked to the platform and exhibits on-chain activity, such as transfers or interactions. This step is crucial to validate your engagement with the blockchain infrastructure.
Selection Mechanism
After meeting the eligibility requirements, the platform will randomly select 120,000 users from the pool of qualified participants. This ensures a fair and unbiased distribution of the airdrop, rewarding users based on their meaningful contributions and active involvement in the community.
Act Now to Secure Your Spot
Don’t let this opportunity slip away! Start participating in platform activities, completing tasks, and connecting with others to position yourself for the $BLUM airdrop. Consistent effort and meaningful engagement are your tickets to being among the selected participants. Take action today.
$btc does not help much for $bnb to have a good performance
Yi Xi Bullish
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Bullish
Here’s a technical analysis and trade signal for $BNB /USDT with three target levels and momentum insights:
Technical Analysis (BNB/USDT)
Current Price: $653.47
24h High: $653.47
24h Low: $627.99
Trend Analysis:
The price is currently trading near its 24h high, which indicates some bullish momentum in the short-term.
A bullish breakout above $653 could suggest continued upward movement, with potential for higher levels. However, the price is approaching resistance at $655.20, so caution is needed if the price fails to break this level.
Key Support & Resistance Levels:
Support: $627.99 (24h Low)
Resistance: $653.47 (24h High), followed by $655.20 (significant resistance point).
Trade Targets:
1. First Target 🎯: $670.00
A break above $653 and a sustained move above this level could open up the path to $670. Watch for confirmation with increasing volume and bullish momentum.
2. Second Target 🎯: $685.00
If the market shows strong upward movement, a price rally towards $685 is possible. This target is set at a key resistance level formed earlier.
3. Third Target 🎯: $700.00
With sustained bullish momentum, the next psychological resistance could be $700. Keep an eye on market sentiment and overall volume to confirm this level.
Trade Momentum:
Positive Momentum:
The price has shown a 0.30% increase in the last 24 hours, signaling a positive, but cautious momentum. If the price breaks $653.47 and holds above, the momentum could turn more aggressive.
Volume has been consistently decent (465.57M USDT in 24h), indicating that there is sufficient buying interest in the market.
Bearish Scenario:
If the price falls below $627.99 (24h low), it might signal a downward reversal. Watch for further support at $620 and $600. If the price struggles to maintain above these levels, expect a potential bearish trend.
Trade Signals:
1. Buy Signal:
Enter long once the price breaks above $653.47 with a confirmed breakout, and target the first level at $670.