The Shiba Inu community is witnessing a remarkable surge in SHIB burn activity, reflecting growing enthusiasm and engagement among holders. This unprecedented spike in burn rates is not merely a
On Dec. 31, Israel’s asset managers will launch six mutual funds tracking Bitcoin’s price movements.
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Ethereum (ETH) demonstrates potential for significant growth amidst recovering market conditions, raising renewed investor interest. The cryptocurrency has displayed promising patterns indicating bullish momentum with substantial liquidity inflows supporting its
The cryptocurrency market has been on a rollercoaster, especially in the last couple of months, with Bitcoin rallying 128% year-on-year as of Christmas Day. However, despite the bullish trends, the impressive performance hasn’t translated into gains for publicly listed Bitcoin mining companies, with many of their stocks showing significant declines. Mining Stocks Falter Despite Market Gains Data from the Hashrate Index shows that several major players in the sector are experiencing downturns. The biggest losses were recorded by Argo Blockchain. The stock of the UK-based BTC miner with a 1,500 PH/s hashrate has plunged 84.31% year-to-date (YTD), accompanied by a 5% dip over 24 hours. Greenidge, which operates two main data centers in Dresden, New York, and Spartanburg, South Carolina, also suffered major losses, going down nearly 9% in the last day and more than 74% YTD. Other poorly performing stocks included Sphere 3D, whose market cap fell to $23 million after share prices dipped by 4.22% overnight and 71.32% since the year began. Mawson Infrastructure Group and Ebang International also registered 70% and 53% drops in their YTD values, respectively, with the same scenario replicated in their 24-hour performances, where both fell more than 4%. Bigger capped firms such as Riot Platforms, with a recorded hashrate of 29,400 PH/s, also posted notable losses, sliding almost 8% in the last day and 29.92% YTD. On its part, Marathon Digital reported a 3.56% reduction over 24 hours and a more significant 16.05% from the year’s start. Outliers Reaping From Bitcoin’s Surge On the brighter side, companies like TeraWulf bucked the trend, posting a YTD surge of 152.61%, pushing its stock price to $5.81. Interestingly, it suffered the worst one-day dip of all BTC-miner stocks, shedding more than 12% from its price in that period. Similarly, Bitdeer gained 131% across 12 months, boosted by a slight 0.15% increase in the last 24 hours to breach the $20 mark. Other stocks that showcased resilience included Hut 8 Mining and Northern Data, with a combined hashrate of 8,400 PH/s, whose prices have jumped 71.83% and 65.73% in that order. This divergence between BTC’s bullish run and the mining sector’s struggles highlights the complexity of virtual asset investment. It continues to dominate the crypto market, with a 5% increase since December 24, to push its price to just below $99,000. However, the world’s largest virtual asset by market cap is down 5.6% across seven days, balanced by the 128% it has gained since January. Elsewhere, statistics recently shared by CryptoQuant CEO Ki Young Ju revealed that institutional holders of the OG crypto have spiked to 31% from only 14% in 2023. The uptick has been driven by the growing popularity of spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and the effect of MicroStrategy’s BTC-buying spree. The post Major Declines in BTC Mining Stocks Despite Bitcoin’s 128% YoY Rally appeared first on CryptoPotato .
Bitcoin's price is holding above $98,000, boosting market sentiment. Individual investor activity is increasing, potentially driving altcoin growth. Continue Reading: Market Trends Indicate Potential Growth for Cryptocurrencies The post Market Trends Indicate Potential Growth for Cryptocurrencies appeared first on COINTURK NEWS .
Shiba Inu burn rate jumps pushed by big recent Shibarium development
Whale Accumulation Sparks Momentum: ai16z, a token on the Solana blockchain, has achieved the unthinkable-featuring a market capitalization of more than $1 billion. What this means is that the AI-driven venture capital DAO has finally emerged as a strong force in DeFi. A recent transaction by a crypto whale further underlines the growing influence of the project. The whale bought 2.86 million $AI6Z tokens valued at $2.58 million at an average price of $0.90 per token. As a result of the acquisition, the whale’s main wallet now contains 15.6 million $AI6Z tokens and is worth about $14.93 million. Large-scale accumulation like this shows the immense confidence of the market in AI16Z’s potential to redefine the future of venture capital with AI-driven innovation. Eliza Plugin Integration Expands Functionality Adding to the excitement , ai16z recently integrated the Abstract plugin into its Eliza platform, a decentralized AI-powered framework. This plugin enables users to automate Ethereum and ERC20 token transfers within the Abstract testnet environment. By simply configuring commands, users can streamline token transactions, making blockchain interactions more efficient and user-friendly. This upgrade significantly increases Eliza’s functionality on the platform, making it really versatile within them ecosystem. Pragmatic innovations like this will continue to cement the value of ai16z to a wide range of users and developers with increased blockchain adoption. AI Meets Decentralized Venture Capital ai16z is a first-of-its-kind venture capital combining artificial intelligence with decentralized governance. While many funds are controlled by a person or a group of persons, ai16z operates via a DAO. Drawing inspiration from Marc Andreessen’s investment philosophy, the project uses AI to refine and improve decision-making processes. The $AI6Z token is used for governance and utility purposes. Such holders will be able to vote in the most important strategic decisions, allowing the community to have its voice heard in the project’s decision-making. This approach empowers stakeholders and maximizes token utility within the ecosystem . Redesigning Blockchain Ecosystems The rapid rise of ai16z puts a spotlight on the power of innovation in AI and DeFi to transform blockchain ecosystems. ai16z is differentiated by strategic whale activity, integrations that are truly groundbreaking, such as the Eliza plugin, and its unique governance model. With the redefinition of venture capital, ai16z is ready to push the boundaries of decentralized technology in leading the next wave of cryptocurrency innovation. With a market cap of US$1 billion, ai16z exemplifies the potential of AI-driven decentralized ecosystems to disrupt traditional industries.
Despite recent market volatility, the second-largest cryptocurrency by market cap Ethereum price has gained notable attention from investors. Recent on-chain data and market trends indicate a considerable surge in market interest in ETH, suggesting that the token could scale unseen price levels in 2025. Here’s a brief report encompassing potential factors that underscore phenomenal gains for ETH ahead, including rising institutional interest, declining exchange supply, and a stockpile of other bullish indicators. Here’s Why Ethereum Price Could See Unseen Levels In 2025 Amid a flurry of positive market developments, including robust institutional demand, declining exchange supply, and strong market technicals, crypto watchers are eagerly anticipating remarkable gains in Ethereum price ahead. Firstly, spot ETH ETFs recorded remarkable inflows over the past few days, underlining rising institutional interest. As per data by Sosovalue , the overall inflows as of December 24 totaled $2.51 billion for the crypto, whereas the daily inflows on Tuesday were evaluated to be around $53 million, sparking market optimism for the token. Further, ETH outflows from exchanges are reportedly rising, signaling that investors are accumulating. The rising institutional interest and declining exchange supply flagged heightened market interest in the asset, paving a bullish path for the asset’s future movements. Further, a recent X post by renowned crypto enthusiast Michaël van de Poppe revealed that the bear market has ended for altcoins. In light of this bullish anticipation, the same analyst also pointed out a $15-25K price target for the second-largest crypto by market cap ahead. Moreover, per the same analyst, the total market capitalization at the moment is barely $1.5 trillion. The expected bubble is to be around 10-15 trillion, hinting at phenomenal gains for the broader sector ahead. In addition, recent CoinShares data indicated that Ethereum saw $51.3 million worth of inflows weekly, with $2.3 billion worth of inflows as of Month-to-Date. This data underscored that ETH outperformed assets like BTC and SOL amid heightened market interest. Also, recent data by Whale Alert of December 25 indicated that a whale accumulated a staggering 20,000 coins worth $ 69.87 million from the Turkish cryptocurrency exchange, BTCTurk. Overall, the abovementioned factors have ignited a tidal wave of optimism for future action on the Ethereum price. ETH Eyes Massive Rally? ETH price today slipped nearly 1% and traded at $3,472. Its 24-hour low and high were recorded as $3,432.42 and $3,542.83, respectively. The coin’s weekly chart indicated a 10% drop, underlining the recent market volatility. Nevertheless, market watchers remain bullish on the asset’s long-term prospects in light of the abovementioned aspects. A recent Ethereum price analysis by CoinGape revealed that the coin’s Market Value to Realized Value (MVRV) indicator slipped to 1.54. This data further indicates that the asset is still undervalued. In addition, a recent CoinGape report revealed that VanEck predicted a new ATH for ETH in 2025, fueled by U.S. adoption, innovations, and AI integration in blockchain. Moreover, renowned asset manager Bitwise anticipated that the crypto would hit a new ATH next year. Altogether, in the wake of the notably heightened market interest and strong market technicals, market watchers anticipate unseens levels in Ethereum price ahead. The post Why Ethereum Price Could Reach Unseen Levels In 2025? appeared first on CoinGape .
The post Prison for No KYC? Turkey’s New Crypto Law Sparks Global Debate appeared first on Coinpedia Fintech News The global crypto scene is booming, with Bitcoin touching its ATH in December breaking the historic target of $100k this year the interest in crypto assets is bound to increase. While countries are setting a softer crypto tone, Turkey has passed a law requiring cryptocurrency users to provide identification data for transactions exceeding $425. Interestingly, anyone in Turkey caught not doing KYC will have a prison sentence of up to 25 years for money laundering. The country is not compromising on its user safety and steps like this show they are open to digital assets yet keep a hawk eye on crypto usage. Will this move backfire? Let’s see how it will impact the investors. In 2023, Turkey introduced its first legal framework for cryptocurrencies. This move has created a more secure and structured environment for investors, addressing long-standing concerns about trust and reliability in the market. Turkey is currently the fourth-largest crypto market globally, with a trading volume reaching $170 billion, surpassing Russia and Canada (as of September 2023). Salim Karaman, CEO of BtcTurk, highlighted that these regulations are capturing investor attention and encouraging digitalization through tokenization projects. Growing Interest from Investors The approval of Bitcoin spot ETFs in the U.S. has had a ripple effect globally, inspiring more Turkish investors to explore crypto markets. Kutluhan Akcin, Turkey’s country manager at Bybit, noted that the country’s Capital Markets Board (SPK) has established a list of approved crypto platforms. This provides a much-needed layer of security for investors, ensuring they can trade on reliable and legal platforms. With uncertainties around the legal framework fading, both individual and institutional investors are showing greater confidence in Turkey’s crypto market. Rising Trading Volumes and Institutional Growth Despite strict laws, Turkey has seen an increase in its trading activity. OKX Turkey, for example, reported an impressive $2.5 billion in transactions since its launch in February 2024. CEO Mehmet Camir described 2024 as the “year of adoption” for crypto, with growing interest from institutional players such as pension funds and corporate treasuries. These developments underscore Turkey’s position as the largest crypto market in the Middle East and North Africa. A Bright Future for Crypto in Turkey Experts agree that Turkey’s regulatory framework is a game-changer for the crypto industry. By creating an organized and trustworthy environment, the country is paving the way for increased institutional investments and a wider user base. With its strategic location and growing market activity, Turkey is set to become a key player in the global crypto space, fostering optimism for 2025 and beyond. The regulation also extends to unregistered wallet addresses, mandating exchanges to collect complete information before processing transactions. Transactions lacking sufficient information may be classified as “risky” and temporarily suspended.