Sats (1000SATS) is a type of BRC-20 token created as a tribute to Bitcoin (BTC) ‘s anonymous creator, Satoshi Nakamoto. This article answers many questions, such as what Sats is, what 1000SATS coin is, and where to buy it, as it was recently listed on the major cryptocurrency exchange Binance. Continue Reading: How to Buy Sats (1000SATS) Coin? The post How to Buy Sats (1000SATS) Coin? appeared first on COINTURK NEWS .
An analyst has explained how Bitcoin could see a top beyond the $168,500 mark based on the historical trend in this indicator. Bitcoin Mayer Multiple Could Reveal Location Of Next Price Top In a new post on X, analyst Ali Martinez has discussed where the BTC top could lie based on the Mayer Multiple. The “Mayer Multiple” refers to an indicator that keeps track of the ratio between the Bitcoin price and its 200-day moving average (MA). The 200-day MA has historically proven to be a significant level for BTC, often serving as the boundary between bearish and bullish trends. As such, the distance of the price from this MA, which is what the Mayer Multiple measures, can be useful to watch. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why When the Mayer Multiple has a high value, it means the asset is trading significantly above the 200-day MA, which could imply potential overbought conditions. On the other hand, the metric being low could suggest a bullish reversal may be due for BTC. Now, here is the chart shared by Martinez that shows the trend in the Bitcoin Mayer Multiple represented as an oscillator over the history of the cryptocurrency: As is visible in the above graph, the Bitcoin Mayer Multiple is currently around halfway to the level that has usually signaled overheated conditions for the coin’s price. The level in question is situated at the 2.4 mark. When the metric assumes this value, the price of the asset becomes 2.4 times the 200-day MA. In the same chart, a price line corresponding to this level is also shown. It’s apparent that Bitcoin formed some of its major historical tops when it broke through the line. So far in the current cycle, Bitcoin hasn’t been able to retest the level yet. And it may not be able to do so for a while, either since the Mayer Multiple would only equal 2.4 when the cryptocurrency’s price rises to around the $168,500 level. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals An important level relevant to the Mayer Multiple that BTC did retest during this cycle was the 0.8 line. Just like the 2.4 level serves as a signal for potential overheated conditions, this line can imply the coin may be reaching a bottom. Bitcoin successfully found a rebound at the line earlier in the year, confirming that a transition towards a bear market hadn’t taken place yet. It now remains to be seen whether the asset would go on to retest the top level next or if another plunge to this bottom level will happen first. BTC Price Bitcoin slipped toward the $92,000 level on Friday, but it seems the asset has made some recovery since then, as it sits at $96,000 to kick off the new week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Investment advisors are expected to overtake hedge funds as the largest holders of U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) by 2025, according to a new report by CF Benchmarks. The report, published today, predicts that investment advisors will control more than 50% of the Bitcoin (BTC) and Ethereum (ETH) ETF markets, signaling a shift in the makeup of ETF holders. Since the launch of 11 spot BTC ETFs in the U.S. on Jan. 11, investors have put more than $36 billion into these funds, providing an easy way for individuals to gain exposure to Bitcoin without having to hold or store the asset directly. Hedge fund managers lead the way with 45.3% of the ETFs, while investment advisors who manage capital for individuals and high-net-worth individuals own 28%. CF Benchmarks, a UK-regulated index provider behind several major digital asset benchmarks, predicts that investment advisors will lead the $88 trillion US wealth management industry in embracing Bitcoin and ETH ETFs in 2025. This trend is expected to be driven by increased demand from clients, a better understanding of digital assets, and the maturation of crypto products. The firm also predicts that combined net flows into BTC and ETH ETFs will exceed $40 billion, a year-on-year record. Related News: Silent Bull in Ethereum? Analytics Firm Reveals Bullish Signs “Investment advisor allocations will rise above 50% for both assets, reshaping the ownership mix of these ETFs,” CF Benchmarks said in its annual report. “As these products become staples in model portfolios, they will likely reshape the market for digital assets.” In addition to Bitcoin, investment advisors are already the dominant force in the ETH ETF market and are expected to further strengthen their position in 2025. The growth in asset tokenization is expected to continue, with tokenized real-world assets (RWA) expected to exceed $30 billion, further supporting the demand for digital asset investment vehicles. CF Benchmarks also notes that new stablecoins like Ripple’s RLUSD and Paxos’ USDG are expected to challenge the dominance of Tether’s USDT, whose market share has increased from 50% to 70%. Going forward, the report predicts that the scalability of the blockchain will be tested and that active user adoption will require increasing on-chain capacity beyond 1,600 transactions per second (TPS) due to regulatory clarity under President-elect Donald Trump’s administration. *This is not investment advice. Continue Reading: CF Benchmarks Announces 2025 Outlook for Bitcoin and Ethereum: “The Year of Records”
Tether, the issuer of the largest stablecoin by market cap, is announcing a $775 million investment into YouTube alternative Rumble. Rumble says in a press release that it will be using $250 million of the proceeds to support “growth initiatives” and the remaining capital to fund a self-tender offer for up to 70 million of its Class A common stock. Tether has agreed to acquire 103,333,333 Rumble Class A shares at $7.50. Meanwhile, Rumble chairman and CEO Chris Pavlovski will retain his controlling stake in the company. Says Pavlovski, “I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth.” On top of Rumble’s prioritization of free speech and decentralization, Tether CEO Paolo Ardoino says that the company also intends to look into a crypto payment solution for the YouTube rival. “Tether’s investment in Rumble reflects our shared values of decentralization, independence, transparency, and the fundamental right to free expression. In today’s world, legacy media has increasingly eroded trust, creating an opportunity for platforms like Rumble to offer a credible, uncensored alternative. This collaboration aligns with our long-standing commitment to empowering technologies that promote freedom and challenge centralized systems, as demonstrated through our recent collaborations and initiatives. Rumble’s dedication to fostering open communication and innovation makes them an ideal ally as we continue building the infrastructure for a more decentralized, inclusive future. Lastly, beyond our initial shareholder stake, Tether intends to drive towards a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Dk008 The post Stablecoin Issuer Tether Invests $775,000,000 Into YouTube Rival Rumble appeared first on The Daily Hodl .
Bitcoin suffers a significant drop, reaching a low of $92,690. Altcoins show signs of overselling, indicating potential buying opportunities. Continue Reading: Market Trends Show Bitcoin and Altcoins Facing Significant Drops The post Market Trends Show Bitcoin and Altcoins Facing Significant Drops appeared first on COINTURK NEWS .
Crypto Dominance Shifts in Last 24 Hours: Bitcoin -1.58%, BNB +5.81%, Solana +4.78%, Ethereum +2.28%, USDT +0.54% ————— 💰Coin: Bitcoin ( $BTC ) $93,225.10 Solana ( $SOL ) $188.12 Ethereum
The team behind the largest decentralized crypto exchange (DEX) by trading volume is confirming the launch of its highly-anticipated layer-1 blockchain Unichain. In a new blog post, Uniswap Labs says that, after the successful public testnet phase of the Unichain launch, the launch of a public mainnet is the next step. The firm says Unichain will begin its transition to mainnet on January 6, 2025. “The next major milestone focuses on decentralization, which is core to Unichain. Mainnet will go live with Permissionless Fault Proofs on day one, allowing anyone to verify the chain’s activity. This process will begin on January 6, 2025, when Unichain Sepolia will undergo planned maintenance to enable Permissionless Fault Proofs. Once the new system’s safety and stability are validated, mainnet will be open for everyone! Users will be able to bridge funds directly to the network, and applications supporting Unichain will go live. Rollup-Boost will go live on mainnet shortly after launch, leveraging Flashbots’ TEE-based block builder to enable revert protection and verifiable priority ordering for transactions.” Source: Unichain.org According to Uniswap Labs, the launch of an “experimental testnet” will follow the conclusion of the public mainnet phase. “The first feature on public experimental testnet will be Flashblocks, which will bring effective block times down to 250 milliseconds, making transactions feel instant. The Unichain Validation Network will also launch on experimental testnet, and the community will be invited to run test validation nodes.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Uniswap Labs Says New Layer-1 Network Unichain To Launch in ‘Early 2025’ appeared first on The Daily Hodl .
Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner. I’ve got three miners
Solana GameFi network Sonic will airdrop free tokens to TikTok users for joining its crypto game. Layer-2 gaming-centric Solana-native network Sonic plans to send SONIC tokens to TikTok users onboarded via its social media blockchain game. The Solana ( SOL ) Virtual Machine protocol designed its SonicX game directly on TikTok, similar to The Open Network developers behind Telegram mini-games. The idea revolves around tapping existing web2 audiences for web3 projects, accessing millions of users already on platforms like Telegram and TikTok. You might also like: MicroStrategy enlarges Bitcoin coffers by $561m Over 1 billion monthly active users log on to TikTok, with numbers expected to reach more than 2 billion by 2029. SonicX, the first TikTok App Layer from Sonic SVM, will distribute $SONIC tokens to all eligible TikTok users. Over 2 million users have already joined via a seamless onboarding flow—no external wallet setup or gas fees required. Sonic on X Social media-native games became widely popular on TON and Telegram. Projects like Notcoin ( NOT ) and Hamster Kombat ( HMSTR ) amassed millions of users in a few short months. However, the trend appeared shortlived as protocols experienced a sharp drop in activity post-token airdrop. Hamster Kombat lost over 80% of its users right after its cryptocurrency distribution. Crypto giants like Binance and Gate have also released reports detailing a drop in Telegram mini app vitality. Read more: Most Layer 2 solutions are still struggling with scalability and cost challenges | Opinion
Japanese investment firm Metaplanet has made headlines with its latest Bitcoin purchase, reinforcing its strategy to build a significant Bitcoin treasury. With a total acquisition of 619.7 BTC for approximately