Charles Hoskinson, the founder of #Cardano appears to have got into an altercation with a bot on X amid claims that Cardano’s smart contracts do not work.
Even among the crypto crowd, Cardano founder Charles Hoskinson stands out for his strong opinions, eccentric personality, and willingness to duke it out with detractors.
Perhaps in the latest instance highlighting this, Hoskinson appears to have gotten into an altercation with a rather humorously ornery and foul-mouthed bot.

#CryptoNewsFlash

The #SUI token has increased by 4.24% over the past 24 hours, reaching the $4.50 psychological mark. With a market cap of $13.24 billion, the recovery hints at a potential bull run before the end of 2024.

SUI Price Analysis

Currently, the SUI token is trading at $4.5370 with an intraday pullback of 3.66%. This marks a bearish exhaustion after the overnight recovery of 9%. The surge last night created a bullish engulfing candle to complete a morning star pattern. 
This resulted in a 24-hour high of $4.75. In the 4-hour price chart, the SUI token showcases a bullish dominance at the local support trendline, resulting in two consecutive engulfing candles. 
The recovery run breached the 50% Fibonacci level but failed to sustain the bullish dominance. With three consecutive bearish candles, the minor intraday pullback creates a triple black crow setup. 
This breaks under the 50% Fibonacci level and is heading to challenge the 50 EMA line at $4.42. Furthermore, it puts the $4.50 psychological mark at risk and warns of another retest of the local support trendline. 
#CryptoNewsFlash

SUI Price Chart

Software firm MicroStrategy announces a special shareholder meeting to discuss acquiring more Bitcoin through increased company share sales.
MicroStrategy has gone ballistic with its #Bitcoin cravings, with the Michael Saylor-chaired firm constantly thinking of means to buy more of the premier asset. In the latest development, shareholders of the business intelligence firm will meet today to discuss how to buy more Bitcoin.
According to the disclosure, MicroStrategy’s shareholders will discuss and vote on key proposals to enhance its 21/21 Bitcoin strategy. An integral part of the session would be a quest to increase the number of shares available for sale.

MicroStrategy to Deliberate on Shares Issuance

The software firm will vote on internal ways to raise more capital to procure Bitcoin through share sales. Subject to approval, it intends to increase the issuance of its common and preferred shares.
MicroStrategy proposes increasing the authorized class A shares from $300 million to $10.33 billion. It also intends to raise the authorized preferred share issuance from $5 million to $1.005 billion.
Meanwhile, this would facilitate capital attainment for more Bitcoin purchases. Notably, MicroStrategy raised $561 million last week by issuing over one million of its shares and bought 5,262 BTC with the realized funds.
Furthermore, the publicly traded pro-Bitcoin company will deliberate on aligning incentives for new directors with its Bitcoin strategy. MicroStrategy shareholders will vote on an amendment to the 2023 Equity Incentive Plan, which would automatically award equities to new board directors.
Notably, MicroStrategy’s Bitcoin playbook has gained traction, with public firms like Marathon Digital and Metaplanet adopting the strategy. Lawmakers in regions like Russia and the European Union are also considering storing their reserves in Bitcoin as the asset nears mainstream adoption.

#CryptoNewsCommunity

On-chain data confirms that large #shiba⚡ Inu whales are buying the ongoing dip, even as SHIB retests critical support levels.
For context, Shiba Inu (SHIB) recently retested the crucial support around $0.00002 when it collapsed to a floor price of $0.00002095 yesterday. However, the meme coin rebounded quickly, managing a 4.55% intraday gain to hold above $0.000022.

Shiba Inu Net Inflow Spikes 7,140% Despite Price Drop

Nonetheless, this bearish phase has not impacted confidence among large whales. Data from IntoTheBlock, which defines these whales as wallets holding at least 0.1% of SHIB’s circulating supply, indicates that the tier of addresses have been buying large chunks of SHIB since Dec. 10.
These whales have mostly witnessed positive netflows during this period, but the latest data confirms that they boasted a net inflow of 799.32 billion SHIB worth over $17.5 million yesterday. This figure represents an 11-day peak in positive netflows into these addresses.
Further data scrutiny reveals that the addresses actually procured 1.21 trillion SHIB worth $26.6 million yesterday, but sold about 413 billion tokens ($9.1 billion), resulting in the net inflow of 799.32 billion SHIB. This represented a massive 7,140% increase from the previous day’s figure of 11.04 billion tokens.
Notably, throughout Q4 2024, net inflows to these addresses have outpaced outflows by nearly five times. The highest intraday net outflow from these addresses amounted to 951.84 billion SHIB on Nov. 6. However, the highest net inflow was 3.47 trillion tokens on Nov. 12, as SHIB retested the $0.000028 region.
The Crypto Basic called attention to some of these accumulation moves in previous times. Notably, in mid-October, a whale accumulated 83.3 billion SHIB tokens as the market aimed to rebound from a previous downtrend. A new whale procured 397 billion tokens in August. 
#CryptoNewss

#Bitcoin ’s loss of the $94,000 support level has driven market-wide crypto liquidations to $242.21 million. However, unlike previous liquidation runs, the difference between long and short liquidations has significantly reduced.
Long-side liquidations total $128.98 million, while short-side liquidations account for $113.28 million. 

Bitcoin Price Analysis

In the daily chart, BTC’s price action showcases an intraday pullback of 1.06%. Currently, Bitcoin is trading at $93,990, creating its fourth consecutive red candle.
Furthermore, as predicted in our last price analysis article, BTC price managed to create a doji candle with a lower price rejection from the 50-day EMA. This has increased the chances of a Morning Star pattern. 
However, the intraday pullback limits the chances. Nevertheless, with Bitcoin sustaining above the 50-day EMA line, the chances of a comeback are still significant. BTC has witnessed lower price rejections and bounce-backs from levels above $90,000 multiple times in the last month. 
However, the slowdown in bullish momentum has dropped the RSI line to 42.38 as it inches closer to the oversold boundary line. Hence, the technical indicator maintains a bearish outlook. 
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#RLUSD , the Ripple stablecoin, secures a listing on its first Singapore-based crypto exchange, Independent Reserve, as the platform grants its users access to the asset.
In the latest Ripple news today, The Ripple stablecoin, RLUSD, has officially launched on a major Asian exchange. Per a Tuesday announcement, Singapore users can now buy and use the stablecoin for pair trading and cross-border payments.
Independent Reserve announced it is the first Singapore exchange to bring the newly launched stablecoin to users in the region. The exchange noted that it allowed the use of RLUSD on its platform on December 22.

RLUSD Debuts in Singapore

Independent Reserve, which holds the position as the first licensed exchange in Singapore, noted that it offers the RLUSD stablecoin on its order book and over-the-counter (OTC) desk. This allows users to harness the asset’s full potential for trading and seamless cross-border payments.
Customers of Independent Reserve can buy and sell RLUSD on the order books using the Singapore dollar (SGD) or the US dollar (USD). The options allow users to acquire the XRPL-based stablecoin on the exchange conveniently.
Recall that Ripple confirmed that the stablecoin would debut on five exchanges initially, with planned support on additional exchanges like Independent Reserve later. Ripple’s CEO Brad Garlinghouse mentioned earlier that the Ripple stablecoin would later begin trading on Independent Reserve, Bullish, and Bitstamp.
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Charles Hoskinson, the founder of #Cardan , is not pleased with US exchange Gemini’s decision to snub the project while listing new memes like Chill Guy.
Since at least May 2024, speculation has run high that leading crypto exchange Gemini was set to finally list Cardano (ADA). After six months, however, this speculation has failed to materialize with a recent Gemini asset listing decision driving community members to their wit’s end.

Gemini Lists Chill Guy but Still No Cardano (ADA)

On Monday, December 23, Gemini disclosed that it had listed Chill Guy, allowing users to now buy and sell the new Solana meme coin on the exchange. While Gemini may have expected the announcement to spark broad excitement, a section of users is up in arms. 
Following the announcement, several Cardano community members have been quick to call out Gemini for its decision to list a months-old meme coin driven only by speculation while dragging its feet to list ADA, a long-time top ten crypto by market cap averaging billions in 24-hour trading volumes.
Surmising the Cardano community’s bewilderment, one user wrote:
“How is Gemini going to list? [sic] Chill guy, but not Cardano ADA.”
The post received support from Cardano founder Charles Hoskinson, who shared a gif of TV host Steve Harvey with the caption “I’M JUST SAYIN.”
#CryptoNewss

Recent speculation on X has ignited discussions about the possibility of Sam Bankman-Fried (SBF), the embattled #FTX founder, receiving an early pardon from the outgoing President Joe Biden.
The conversation gained traction when widely followed influencer Wall Street Mav tweeted, “The second-largest donor to the Democrats might receive an early pardon from President Biden,” referring to SBF.

Elon Musk Reacts

The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk.
In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue. “I will be shocked if this doesn’t happen,” he stated.
Musk’s comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust.
Notably, during the recent presidential election, Musk openly supported the opposition, led by Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration.
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Business intelligence firm MicroStrategy has further augmented its #Bitcoin bag with a much-expected 5,262 BTC purchase on Monday.
MicroStrategy’s chairman, Michael Saylor, confirmed the latest acquisition in a tweet on Monday. The software development firm extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million).
According to the announcement, MicroStrategy bought the bitcoins at an average price of $106,662 per coin, bringing its total to 442,262 BTC ($42 billion).

MicroStrategy Extends Its Weekly Bitcoin Purchase Streak

Meanwhile, MicroStrategy has announced Bitcoin acquisitions for seven consecutive weeks as its appetite for the premier asset reaches insane levels. The firm resumed the streak on November 11 with a purchase of 27,200 BTC ($2.03 billion) and has accrued 192,042 BTC since then.
MicroStrategy’s Bitcoin average cost now stands at $62,226, with the firm spending $27.64 billion to acquire its 442,262 BTC. This indicates that the pro-Bitcoin firm has a lifetime portfolio unrealized profit of $14.57 billion.
Notably, the crypto community expected the Monday announcement. Enthusiasts have uncovered a trend in which Saylor mentions a desire to add new dots to MicroStrategy’s portfolio tracker before making a buy announcement the following day.
#CryptonewswithJack

Michael Saylor, chairman of MicroStrategy, has intensified his advocacy for #Bitcoin adoption among leading global corporations, now taking it to Amazon boss Jeff Bezos.
In a recent post on X, Saylor directly suggested that Jeff Bezos, Amazon’s founder, should consider Bitcoin a significant investment. Saylor’s recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration.
Meanwhile, Saylor urged Bezoz instead to leverage the $600 million sum for Bitcoin acquisition. “$600M would buy a lot of Bitcoin,” he said.
Reports indicate that Jeff Bezos is set to wed Lauren Sanchez on December 28 in Aspen, Colorado. According to the report, the event will feature extravagant arrangements, including the acquisition of a high-end sushi restaurant with seating for up to 180 guests. Furthermore, multiple luxurious mansions have been rented to host the event’s attendees. 
However, Bezos has denied reports about the million-dollar celebration, calling the claims “completely false” and cautioning against believing everything seen in the media.

Amazon Discussing Bitcoin Adoption

Meanwhile, Saylor’s proposal for Bitcoin acquisition coincides with growing momentum among Amazon’s stakeholders to explore Bitcoin adoption. The National Center for Public Policy Research (NCPPR), a U.S.-based think tank, has recently encouraged Amazon to examine Bitcoin’s integration into its financial operations. 
This initiative will culminate in a shareholder vote during Amazon’s annual meeting in April, where the inclusion of Bitcoin on the company’s balance sheet will be a key agenda item. 
#CryptoNewsFlash

Despite #Ethereum being down by 17% over the past week, buyers hope for a bounce back from the 100-day EMA. 
Ethereum bulls are losing momentum, with ETH’s price nearing the $3,000 psychological level. A bearish week saw its market cap fall below $400 billion, and Ethereum is struggling to make a comeback.

Ethereum Price Analysis

Ethereum’s price action on the daily chart shows bullish support above the 100-day EMA line. Currently, ETH is trading at $3,295, with an intraday gain of 0.52%. This represents a minor recovery after a bearish weekend.
On Saturday, December 21, ETH dropped by 3.84%, creating a bearish engulfing candle, followed by a 1.75% drop on Sunday. Now, the price sustaining above the 100-day EMA line currently creates a doji candle, with ETH struggling to surpass the $3,300 level.
Using Fibonacci levels, the price is encountering rejection near the 61.80% Fibonacci retracement at $3,180.
With multiple support factors converging, the current doji candle increases the chances of recovery. However, the daily RSI is approaching the oversold boundary, reflecting rising selling pressure. This could require some minor consolidation before a trend reversal.
#CryptoNewss

Ethereum Price Chart

#Bitcoin remains below the $100,000 level and struggles to sustain a position above the $95,000 support level. With a bearish closing on Sunday, the intraday uncertainty in Bitcoin might lead to a bearish conclusion if the institutional support fails to resurface. 

Bitcoin Price Analysis

With a 2.17% drop on Sunday, Bitcoin concluded the last week on a bearish note. Starting from the quick reversal from its recent all-time high of $108,364, BTC’s price dropped nearly 9% last week. 
This resulted in a massive bearish engulfing candle, undermining the recovery run over the past two weeks. BTC’s price has created a low of $92,118, testing the 50-day EMA line. 
Currently, BTC sustains above the $94,000 support level, avoiding a bearish closing below it. At press time, BTC is trading at a price of $94,884, with a minor growth of 0.33%. 
Creating a doji candle at a crucial support level increases BTC’s chances of a comeback. The potential turnaround moments could create a morning star pattern with a recovery on Tuesday. 
However, the RSI line dropping under the halfway level warns of an underlying weakness. 
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Pro-crypto US President-elect Donald Trump congratulates #Bitcoin enthusiasts on the asset’s latest milestone, after a break to an all-time high of $108,000.
Trump again showed his commitment to the cryptocurrency industry following a mention in a recent public appearance. He congratulated the crypto community on Bitcoin’s recent milestone, as the premier asset surged to a new all-time high of $108,000 last week.

US President-elect Lauds Bitcoin’s New Price Milestone

Trump made congratulatory remarks at a rally at the Turning Point event in Phoenix, Arizona, on Sunday. Notably, the elated crowd met his comments with cheers and applause, appreciating the president’s role in the staggering Bitcoin milestone.
The 47th US President mentioned the asset as one of the sectors that has benefited immensely from his victory in the November 5 elections. He then congratulated Bitcoin holders on the notable milestone.
Meanwhile, Trump seems to be keeping up with the latest developments in the crypto industry. He also congratulated Bitcoiners after the pioneering cryptocurrency broke the $100,000 psychological price mark in early December.
Nonetheless, Trump is already looking to keep his promises to the industry. He plans to replace SEC chair Gary Gensler with a more friendly option, Paul Atkins, and remains keen on ensuring the industry thrives in the US.