Bitwise CEO Hunter Horsley says millionaires will not have enough Bitcoins
TL:DR; XRP was hit hard during the market-wide correction in late December but has gained a lot of traction since the start of the new year. A popular indicator now flashed green, suggesting a potential buy signal for Ripple’s cross-border token. The indicator in question is the TD Sequential, which is a popular tool used to determine the market exhaustion in either direction. According to Ali Martinez, a crypto analyst with over 100,000 followers on X, it has now presented a ‘buy signal’ for XRP on the 4-hour chart. The TD Sequential presents a buy signal on the $XRP 4-hour chart, anticipating a price rebound! pic.twitter.com/QitMbED2DA — Ali (@ali_charts) January 5, 2025 Previously, the same analyst warned that XRP could drop toward $2, which might be followed by another impressive rally that could propel the asset to as high as $11. While that eventual price target sounds a bit far-fetched now, the TD Sequential has already showcased several proper buying opportunities in the past few weeks. During the late December broader market crash, it flashed green for BTC when its price struggled below $95,000. Although the largest cryptocurrency dipped hard a week later, it ultimately bounced off and now sits above $99,000, marking a 4.5% increase since then. Its success is even more profound for DOGE. It presented a ‘buy signal’ on December 24, when the asset’s price dumped to $0.312. Since then, the OG meme coin has skyrocketed by more than 22% and now sits above $0.38. It has been more modest when predicting future gains for SHIB. It flashed again on December 24 when the second-largest meme coin traded at $0.000023, but it has forecasted only a minor 3.8% increase since then, with SHIB now standing close to $0.000024. The post Is it Time to Buy XRP? This Indicator Says Yes appeared first on CryptoPotato .
South Korea’s crypto-friendly Jeju Islands plans to use non-fungible tokens to attract Gen Z tourists. According to local media, Maeil Kyungjae, the popular South Korean tourist destination, will introduce NFT-based digital tourism resident cards in the second half of 2025. The cards, powered by an unspecified blockchain, will reportedly offer tourists exclusive benefits such as travel subsidies, membership perks, and discounts at local attractions. Jeju Island has a rich history of embracing blockchain and cryptocurrency innovations to stimulate economic growth and establish itself as a web3 hub. In 2019, the island launched the Blockchain Hub City Development Research Service, aiming to explore advanced blockchain applications. By 2021, it had expanded its initiatives across the public sector in areas such as traffic management systems and VAT refunds for foreign tourists. In 2020, Jeju initiated efforts to become a cashless international city by introducing Tamna Jeon, a regional digital currency, and expanded these efforts in 2024 with plans to integrate cryptocurrencies like Bitcoin. Adding to the initiatives, Tamna Jeon will be used for travel subsidies through the new tourism card in a bid to stimulate local spending and support economic activity within Jeju Island. Meanwhile, tourists using the NFT-based tourism card will be able to document their travel experiences, including visit locations, time, photos, and videos, on the underlying blockchain. You might also like: Pengu price rockets as Pudgy Penguins NFTs sales hit $545m Trial operations for the tourism card are set to begin in the second half of 2025 before its full-scale implementation. The development comes amid a broader push to adopt blockchain and cryptocurrencies across South Korea. The nation has been actively investing in blockchain technology to enhance both the public and private sectors, complemented by a crypto-savvy population . On Feb. 29, 2024, web3 firm Dispread partnered with Ethereum layer 2 Arbitrum to foster the local blockchain developer ecosystem. Subsequently, in June, the Ministry of Science and ICT, along with the Korea Internet & Security Agency, announced a 20 billion won (approximately $14.5 million) investment in blockchain support projects. In 2023, Busan, the second-largest city in South Korea, disclosed plans to become a leading blockchain city by developing a public blockchain network compatible with major platforms like Ethereum and Cosmos. Read more: Telegram introduces NFT collectible gifts, enables third-party marketplace trading
South Korea’s crypto-friendly Jeju Islands plans to use non-fungible tokens to attract Gen Z tourists. According to local media, Maeil Kyungjae, the popular South Korean tourist destination, will introduce NFT-based digital tourism resident cards in the second half of 2025.…
This week’s economic indicators hold the potential to significantly impact Bitcoin’s market dynamics and overall appeal. Several critical reports could shape market expectations and inform strategic investment decisions in the
Binance has announced its full support for the upcoming Dymension (DYM) network upgrade and announced that it will ensure a seamless experience for its users throughout the process. Binance to Support Dymension (DYM) Network Upgrade Basic Details of the Upgrade Suspension of Deposits and Withdrawals: Starting at 15:00 on January 6, 2025, Binance will suspend deposits and withdrawals of DYM tokens to facilitate the upgrade. Planned Upgrade Time: The network upgrade will occur at block height 5,135,550, approximately 16:00 on January 6, 2025. Trading of DYM tokens will continue as usual and will not be affected by the upgrade. Binance will manage all technical requirements on behalf of users, ensuring a smooth transition. Resumption of Services: Deposits and withdrawals for DYM tokens will resume once the network upgrade is deemed stable. Binance will not be making a separate announcement regarding the reopening of these services. This upgrade highlights Binance’s commitment to providing a reliable platform for users while supporting the technological advancements of blockchain networks like Dymension. For more details, you can visit Binance's official announcements page. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade! Here Are the Details
Crypto markets held on to gains made late last week over the weekend, and momentum could continue into the following days. There has been a small ‘Santa rally’ for stocks and crypto markets over the first few days of the year, with around $280 billion entering digital asset markets. This week will see the release of key employment figures along with consumer sentiment reports . “Labor market data is in the spotlight ahead of the January 29th Fed meeting,” commented the Kobeissi Letter. Economic Events Jan. 6 to 10 Monday will see the release of the S&P Global Services PMI (Purchasing Managers’ Index), while Tuesday has the ISM (Institute for Supply Management) Services PMI. These reports portray business conditions in the services sector and are leading economic indicators used by economists and analysts. The focus then switches to labor market data with the November JOLTS Job Openings report on Tuesday and December ADP Nonfarm Employment data on Wednesday. December’s Nonfarm Payrolls and Unemployment reports are due on Friday, and these present the number of new jobs created during the previous month, along with the percentage of people actively seeking employment. These two reports are important economic indicators as they track the shift in the number of positions that are strongly associated with the overall health of the economy. Key Events This Week: 1. S&P Global Services PMI data – Monday 2. November JOLTS Job Openings – Tuesday 3. December ADP Nonfarm Employment data – Wednesday 4. Fed Meeting Minutes – Wednesday 5. December Jobs Report – Friday 6. Total of 8 Fed Speaker Events Get ready for a… — The Kobeissi Letter (@KobeissiLetter) January 5, 2025 Friday also sees January’s Michigan Consumer Sentiment Index and Consumer Inflation Expectations preliminary readings. This data reveals the results of a monthly survey of consumer confidence levels and views of long-term inflation in the US. Additionally, the Q4 2024 earnings season will begin in earnest in mid-January. The Kobeissi Letter also cautioned that the “implications of China’s real estate collapse will spread well beyond real estate in China ” before adding, “As we head into 2025, we are positioning ourselves for more volatility in the market.” Crypto Market Outlook Crypto market capitalization has remained flat over the past 24 hours and was at $3.68 trillion at the time of writing. Bitcoin momentum was building steadily, with the asset hitting a ten-day high, topping $99,000 during early trading in Asia on Monday morning. The asset has now gained around 7.5% over the past seven days and it is on track to reclaim the psychological $100,000 level soon. #BTC Post-breakout Quarterly Retest and Trend Continuation confirmed $BTC #Crypto #Bitcoin https://t.co/T5fYyyybjH pic.twitter.com/geXSv4SYue — Rekt Capital (@rektcapital) January 5, 2025 Ethereum has mirrored the action with a similar weekly gain as it tapped $3,670 on Jan. 6, its highest price since Dec. 19. Most of the altcoins were flat on the day, having held on to weekend gains, and momentum appears set to continue this week. The post 3 Things That Could Impact Crypto Markets This Week appeared first on CryptoPotato .
The post MAGA Memecoin Soars on Donald Trump Inauguration Speculation and Whale Interest appeared first on Coinpedia Fintech News As Bitcoin (BTC) price rebounded above $99.5k on Monday, January 6, during the early European session, MAGA (TRUMP), a memecoin project inspired by U.S President-elect Donald Trump, rallied over 42 percent in the past 24 hours to trade about $3.58 at the time of this writing. As a result, the small-cap altcoin, with a fully diluted valuation (FDV) of about $163 million and a 24-hour average traded volume of around $53 million, has pumped more than 124 percent in the past week. Factors Influencing MAGA’s Rally The Ethereum-based memecoin, focused on charity to US veterans and children, has attracted significant attention from whale investors. According to on-chain data analysis, 52.40 percent of MAGA token holders are whale investors, despite the majority encompassing cruisers. The notable rally of MAGA in the past 24 hours is heavily influenced by the upcoming inauguration of US President Donald Trump. As the first pro-crypto US President, heavy speculation on his impact on the ongoing crypto bull market is visible. According to Ripple Labs CEO Brad Garlinghouse, Trump’s inspired crypto bull market in 2025 is real. Moreover, more institutional investors have gained significant confidence in the crypto industry, as shown by the major cash inflows to digital assets investment products. With over 41k on-chain holders and a locked liquidity of more than $4 million in Wrapped Ether (WETH), MAGA memecoin is well positioned to grow exponentially ahead. Midterm Expectations After being trapped in an ABC correction since May 2024, MAGA memecoin, in the daily time frame, is attempting to break out in a new rising trend. However, the memecoin must consistently close above the daily falling logarithmic trend to confirm a successful bullish breakout. In case of a failed bullish breakout and the memecoin continues in the macro falling trend, the support level above $1.32 will likely hold until the buyers gain control.
Recently, HTX hosted a New Year’s Eve livestream titled “Hello 2025.” During the event, HTX’s spokesperson, @HTX_Molly, reviewed the platform’s achievements in 2024 and unveiled ambitious plans for 2025. 2024 Review: HTX Prioritizes Trust, Security, Innovation, and Wealth Creation In the livestream, @HTX_Molly highlighted HTX’s significant achievements in 2024. The platform made substantial progress in product innovation, security & compliance, ecosystem expansion, and wealth creation. Furthermore, with the support of the HTX DAO, the platform’s decentralized ecosystem continues to grow steadily. The goal of “The People’s Exchange” is becoming increasingly defined, reinforcing its leadership in the industry. ● Confidence Journey: Rebuilding User Trust In December 2024, HTX launched the “Confidence Journey” campaign across four cities, to reconnect with users and rebuild trust. During this journey, HTX engaged in open dialogues with the DOGE community, traditional finance players, and emerging venture capital groups, discussing both opportunities and challenges within the blockchain industry. ● Safety First: Multifaceted Protection of User Assets In the face of various security threats in the crypto space, HTX proactively implemented robust security measures, including: 1. HTX has partnered with global leading security companies such as Fireblocks and Cobo to conduct comprehensive audits of every chain and product on the platform, ensuring the utmost security of user assets. 2. The exchange has published the Merkle Tree-based Proof of Reserves (PoR) for 12 consecutive months in 2024, maintaining a reserve ratio consistently exceeding 100%. It has also introduced policies such as the futures security deposit and anti-theft mechanisms, guaranteeing 100% compensation for any fund losses attributable to platform-related issues. ● Tech-Driven Product Innovation: Leading Industry Trends In 2024, driven by technological innovation, HTX launched a series of industry-leading products, including four major mining-related features. In February 2024, Liquid Restaking was introduced, improving users’ asset management efficiency while maintaining strong security. This feature was later upgraded to SmartEarn, enabling users to earn a 6% annual percentage yield (APY) on the assets in their Futures account, regardless of whether they are holding a position or not. There are no entry requirement and no lock-up period. Launched in November 2024, “Borrow & Earn” centers on USDT flexible loans. This feature empowers users to effortlessly share in the platform’s growth through regular borrowing, eliminating the need for complex operations. In addition, “Trade to Earn” and “Earn with Pending Orders” incentivize user participation through subsidies, boosting platform liquidity while creating a mutually beneficial outcome for both users and the platform. Notably, HTX’s collaborative ecological project, SunPump, swiftly gained traction upon its launch, igniting a meme coin frenzy. ● In-Depth Research: Seizing Market Opportunities As @HTX_Molly mentioned in the livestream, HTX boasts a dedicated investment research team, providing users with precise market analysis throughout the year. For example, HTX was one of the first exchanges in the industry to predict that BTC would reach $100,000 in 2024. By strategically positioning itself early in the Base and TON-related ecosystems, the platform successfully capitalized on market opportunities. ● Curating Quality Assets: Driving Wealth Creation HTX listed a total of 218 high-quality assets throughout the year, covering popular sectors such as DePIN, RWA, meme coins, and more, with 171 being pioneering offerings on the platform. @HTX_Molly emphasized that moving forward, HTX will continue to optimize its listing strategy, prioritizing top-tier assets and adhering to the “strict selection by Justin Sun” principle. Meanwhile, the platform will focus on community engagement, listen to user feedback, and strive to establish itself as “The People’s Exchange,” solidifying its position as the “go-to platform for high-quality assets.” Looking Ahead to 2025: Building the People’s Exchange and Expanding Global Reach Based on @HTX_Molly’s analysis, 2025 is poised to be a pivotal year for the crypto industry. It is anticipated to witness accelerated growth, continuous technological advancements, and increased adoption of innovations, presenting unprecedented opportunities for all industry participants. As a leading force in the crypto industry, HTX will concentrate on the following key areas: 1. “The People’s Exchange”: Accelerating the realization of “the People’s Exchange” goal in 2025, by promoting community governance and the construction of the DAO model through the HTX DAO forum and the regularly updated governance committees. 2. Global Expansion: Expanding HTX’s global reach with a particular focus on the CIS region, while enhancing brand visibility through comprehensive, multi-faceted campaigns and exploring new opportunities for business development and user growth. 3. AI + Crypto: Diving into the AI + Crypto frontier, for example, conceptual AI applications, memes, and the combination of AI agents with intent and smart contracts. 4. $HTX: Gradually Refining the $HTX economic and community governance models, offering long-term empowerment to $HTX and preparing for its future explosive growth. The post HTX 2025 New Year’s Eve Livestream: Focusing on “The People’s Exchange” and Global Expansion, Embracing a New Chapter in the Crypto Market first appeared on HTX Square .
Japanese investment firm Metaplanet has set ambitious plans to increase its bitcoin holdings to 10,000 BTC by 2025, signaling a bullish outlook on cryptocurrency. Currently holding approximately 1,761.98 BTC valued