- Ohio State Representative Derek Merrin has introduced the Ohio Bitcoin Reserve Act. This bill would authorize state treasuries to invest in Bitcoin.
- Merrin sees Bitcoin as a strategic reserve asset, noting the depreciation of the US dollar. “Bitcoin is revolutionizing finance and will reshape world economies,” he says.
- Ohio is moving toward creating Bitcoin reserves, along with states like Pennsylvania and Texas. 💼
- Do you think Bitcoin is the right investment for state treasuries? Let’s meet in the comments! 💬
As Bitcoin soars to new heights, the crypto market is also on a roll! 🚀 As the end of the year approaches, hopes for a bull market are rising.
- Tether (USDT) is flooding exchanges. In the last 8 weeks, USDT has inflowed an average of $40 million per day. This is like fuel that drives crypto prices! 💸
- USDT controls 66% of the $212 billion stablecoin market and is at the top of the list in terms of trading volume.
- According to a Standard Chartered report, stablecoins can solve the problems of traditional finance. Faster and cheaper transactions are possible!
Share your thoughts in the comments, how far will this bull run go? 🐂
• BTC rose 150% in 2024 to surpass $108,000. The crypto world is excited after Trump's election victory! 🇺🇸
• Analysts say it could reach $220,000 in 2025. But be careful, the road could be a little bumpy! 🚀
• Bitfinex predicts that the bull run could last until the end of 2025 and the price could reach $339,000. ETFs and institutional investments support this rise.
Do you think Bitcoin will be able to see these peaks? Let's meet in the comments! 💬
Are Litecoin (LTC) and Hedera (HBAR) ETFs coming before Ripple (XRP) and Solana (SOL) ETFs? According to Bloomberg analyst Eric Balchunas, US regulators may approve these two cryptos first. 🤔
- BTC and ETH ETFs are already on the way, but LTC and HBAR appear to be in line. Why? Because the SEC does not consider them to be “securities.” 🎉
- XRP, on the other hand, is struggling with legal drama. The lawsuit between Ripple and the SEC is slowing down XRP’s ETF journey. 🚫
Which crypto ETF do you think will get approval first? Let’s meet in the comments! 📢
Ethereum stuck at $4K resistance again! 😅 Sellers are holding firm at this level. However, a pullback to the $3.5K support area could provide an opportunity for buyers to re-enter the scene.
📊 Technical analysis shows that the price is stuck between $3.5K and $4K. What will be the next move? Share your predictions in the comments!
According to Onchain analysis, liquidity concentration above $4K is an attractive target for major players. This could be promising for a bull market in the medium term. 🚀
What do you think about the future of Ethereum? We are waiting for your comments! 💬
Ripple supporters are hopeful for potential changes at the SEC! 😄 Donald Trump has nominated crypto-friendly Paul Atkins as SEC Chair. Could this be a sign of positive developments in the Ripple case? 🤔
- Ripple has won partial victories in its legal battle with the SEC, but the case is still ongoing. - The resignation of SEC Chair Gary Gensler and the failure to renominate Caroline Crenshaw, known for her anti-crypto stance, have delighted the Ripple community. - New leader Paul Atkins could adopt an approach that supports crypto innovation.
Metaplanet is determined to become Japan’s Bitcoin treasure king! 🎉 The company has launched a new business line by incorporating Bitcoin into its financial framework. They will now buy, hold, and manage BTC. The goal? Of course, to be a pioneer in Japan’s crypto ecosystem!
- They generate income by selling Bitcoin put options. 🎯 - They will focus on BTC marketing and education activities with Bitcoin Magazine Japan. - They are preparing to make a profit for the first time in seven years!
Shall we discuss this strategy in the comments? 💬 How do you think Japan’s crypto future will shape up?
🚀 Is Ripple (XRP) price going to space? Here are 6 signs! 🚀
- Ripple's new stablecoin RLUSD received approval from New York and XRP prices suddenly increased by 11%! 🎉 - Technical analysis gives a "Strong Buy" signal for XRP. Whales beware, large transfers may be a sell signal! - Is Ripple's B2B payment system the US's secret weapon? 🤔 - Daily transaction volume and active accounts are increasing on the XRP Ledger. New account openings are also promising! - After the SEC lawsuit, Ripple continues on its way with a crypto-friendly White House. - XRP is on the rise with the influence of Bitcoin and dollar cycles. $5 target is discussed in February 2025!
- FTX and affiliated debtors announced that their Chapter 11 reorganization plan will go into effect on this date. - The first distribution will also be recorded on this date. Those who complete KYC and tax forms will be able to receive their payments within 60 days.
Payment Details 💸
- Creditors will get 119% of their claims back, with some getting up to 140% cash back!
Total recoveries are expected to be between $14.7-16.5 billion.
FTX CEO John J. Ray III called this a major accomplishment. Share your thoughts in the comments! 👇
Ethena Labs launches new stablecoin USDtb! 🎉 Backed by BlackRock’s BUIDL fund, this coin operates similarly to fiat-backed stablecoins like USDC and USDT. With 90% BUIDL reserves, it holds the title of the highest BUIDL-backed stablecoin! 💪
USDtb provides an alternative to Ethena’s USDe, providing a different risk profile. It can also increase USDe’s resilience in adverse market conditions. Having successfully passed security tests, USDtb is awaiting inclusion in Spark’s $1 billion Tokenization Grand Prix.
What kind of impact do you think USDtb will have in the crypto world? Let’s meet in the comments! 💬
• The TRON blockchain reached a new peak with a full $587.2 billion USDT transferred in November 2024. 🎉
• This surpasses September's $424.4 billion and October's $489.3 billion. TRON's fast transaction times and low fees are the heroes behind this increase! 🦸♂️
• TRX token also had its share of this success, increasing by 160% in the last 12 months. It is currently trading at $0.2912.
• Ethereum is not sitting idle either, challenging TRON with $20 billion USDT printing. So where do you think this competition will evolve? Let's meet in the comments! 👇
Binance has added support for Simon's Cat (CAT), delighting cat lovers in the crypto world! 🐱
- CAT has been added to Binance's HODLer Airdrops Portal, and BNB holders are being airdropped. Lucky users will be rewarded with 1,143,000,000,000 CAT!
- You can trade CAT/USDT, CAT/BNB, CAT/FDUSD, and CAT/TRY pairs. But be careful, these projects with seed tags can be a bit risky. 🌱
- CAT price increased by 50% to reach a new high. Let's discuss the future of this cat coin in the comments? 😺
Other meme coins are also in the pipeline, which one do you think will explode? 🚀
🚀 Avalanche9000 update is here! Avalanche Foundation makes launching Layer 1 blockchains a breeze with Etna upgrade. Now developers can build their own networks at 99.9% lower costs. 🎉
- Goodbye subnet model, hello flexibility and lower costs! - Introducing customizable staking, gas fees, and token options. - Interchain communication is now smoother with Interchain Messaging.
AVAX price hasn’t been affected much despite this major development. Why do you think? Let’s meet in the comments! 💬
Lido is leaving Polygon! 🎭 Lido has decided to end its liquid staking protocol on Polygon. This adventure, which started in 2021 with the proposal of Shard Labs, is coming to an end due to low user interest and high maintenance costs.
- While Lido focuses on Ethereum, it will stop rewarding stMATIC holders on Polygon. - New staking will not be accepted as of December 16, 2024. - Transactions will stop between January 15-22, 2025, don't forget to withdraw by June 16, 2025!
What do you think about these developments? Let's meet in the comments! 💬🔗
🚀 Bitcoin L2 Labs, the development team behind Bitcoin layer-2 Stacks, has announced the launch of sBTC on the mainnet! sBTC brings Bitcoin to decentralized finance (DeFi) applications while preserving Bitcoin's security.
🎉 This innovation, which comes after the Nakamoto update, revolutionizes the Bitcoin ecosystem! In the first phase, you will be able to deposit Bitcoin to mine sBTC. But be patient; withdrawals will be in March 2025!
💰 There are 5% annual Bitcoin rewards for early participants. How do you think this innovation will shape the future of Bitcoin? Let's meet in the comments! 📢
🐋 Ethereum whales on stage! With Ethereum’s rise this week, large ETH wallets have reached a historic high. They currently hold 57.35% of the total supply, or about $333.1 billion! 💰
- Medium and small wallets are at record lows. But don’t worry, this indicates a positive market outlook in the long term. - Ethereum has gained 80% since the beginning of the year, and experts say there is potential for further growth.
Share your thoughts in the comments! What do you think about the future of Ethereum? 🚀
- Bitcoin has been hovering above 100K in recent days and is climbing towards 110K. 🚀 - Although the uptrend slowed down a bit after rising above 90K on the daily chart, 100K is now a support zone. - Watch out on the 4-hour chart! It is being tested at the upper limit of the rising channel. If there is a decline, 100K may be the first stop. - On-chain analysis shows that BTC reserves on exchanges are decreasing rapidly. This supports the price increase in the supply-demand balance.
Where do you think Bitcoin will stop in the comments? 📈
Aurora Labs is breaking new ground in the blockchain world! 🚀 NEAR-based Aurora has introduced TurboChain and TurboSwap for its AI meme coin Turbo (TURBO). TurboChain offers speed and customization, while TurboSwap facilitates trading with cross-chain liquidity.
- TurboChain is compatible with Ethereum and other major chains, offering limitless possibilities for developers. - TURBO started with ChatGPT’s “create a new meme coin with a budget of $69.” Now it’s shining on its own chain! 🌟
Share your thoughts in the comments! What do you think about the future of Turbo? 🤔
Shifu, the new star of the Shiba Inu ecosystem, has entered the scene! 🎉 30% of the 100 billion SHIFU tokens have been set aside for the community airdrop. Lucky SHIB, LEASH, and BONE owners will enjoy this dog-themed meme coin! 🐶
SHIB price is calm for now, but the 240% increase in large trading volume and the rapid progress of Shibarium may be a sign of future price increases. 🚀
Do you think Shifu is the new master of Shiba Inu? Let's meet in the comments! 👇