XRP has surged by double-digits on the charts and this hike might take XRP places.
In a mere fortnight, Ripple’s RLUSD stablecoin has witnessed its supply on Ethereum expand by $4.4 million. Yet, with 768 addresses in possession of the token, over 70% of the stablecoin’s supply lingers in the Ripple Deployer wallet or contract address. Ripple’s RLUSD Hits $4.4M in New Supply on Ethereum—Who Controls the Tokens? In 2024,
Cardano founder Charles Hoskinson took to the X platform recently to inform members of the ADA community of what the future holds for Lace Wallet. He hinted at the numerous upgrades planned out for the Cardano-based light wallet platform this year. The Potential Lace Wallet Upgrades In his X post, Hoskinson suggested that Lace would make a debut on multiple platforms. This is in addition to the other new and exciting features that the wallet would welcome. Only a few days ago, the Cardano Founder voiced his optimism on the possibility for Lace Wallet to become a “powerhouse” this year. This was around the time when the wallet announced that its migration of users from Nami to Lace, was in “full swing. ” Apart from Lace, the Cardano ecosystem is also working on enhancing other solutions within the ecosystem. In November, Hoskinson engaged Ripple’s CTO David Schwartz in a technical discussion around Midnight and XRP . As a privacy-focused blockchain project, Midnight is designed to enhance secure data handling while also maintaining regulatory compliance. Hoskinson is very positive about Midnight’s potential to drive the evolution of privacy-centric Decentralized Applications (dApps) and further blockchain development. Their discussion suggests that there may be an impending collaboration between Cardano and Ripple in the near future. In the case of Voltaire, the Chang Hard Fork upgrade, which ushers this decentralized governance era launched in September. This launch put Cardano’s future in the hands of the community to govern. Consequently, Hoskinson confirmed that his last duty for the ecosystem “is to remove any roadblock for this transition.” He promised to prevent any bottleneck that will derail the plans this year. The Cardano Bitcoin DeFi Plans In addition to the different solutions designed by developers in its ecosystem, Cardano has plans to explore Bitcoin DeFi . There is currently a growing clamor for utility around the flagship cryptocurrency and recent partnerships between Cardano and BitcoinOS to create a bridge for both ecosystems. So far, the Cardano team has been saddled with the responsibility of coming up with a meaningful Bitcoin roadmap demo by May 2025. To achieve its set goals, Charles Hoskinson stated that Cardano will collaborate with Fair Gate Labs, a Multi Party Computational protocol. Notably, Cardano price is up 3.4% in 24 hours to $1.07 as investors remain hyped by its upgrades and ecosystem plans. The post Charles Hoskinson Issues Major Cardano Lace Wallet Update To Expect appeared first on CoinGape .
SUI climbing to $4.98 marks a critical juncture in its market journey, igniting speculation about its ability to breach this key resistance level. This upward momentum has captured the attention of traders and investors, with many eyeing the possibility of a breakout that could propel SUI to fresh highs. The rally showcases strong bullish sentiment, driven by increasing demand and favorable technical setups. A decisive move beyond $4.98 might signal the beginning of a larger trend, positioning the token for further gains and strengthening its presence in the cryptocurrency market. As the price consolidates near this pivotal level, the focus shifts to whether the bulls can maintain their grip and push SUI into uncharted territory. With momentum on their side, the stage is set for what could be a defining moment in SUI’s price action. Analyzing SUI Path To $4.98 Milestone SUI’s rapid climb toward the $4.98 resistance level has captured the attention of traders, sparking anticipation for a potential breakthrough. The cryptocurrency has been riding a wave of bullish strength, with increasing demand and positive sentiment pushing the price higher. As it nears this critical level, the focus shifts to whether SUI can sustain its upward trajectory and break through the $4.98 barrier. Related Reading: SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin This milestone is not just a technical challenge; it represents a key psychological point in SUI’s market journey. A successful break above $4.98 may unlock significant upside potential, with the possibility of reaching new all-time highs. Technical indicators like rising volume and momentum oscillators suggest that the rally may have more room to run. However, the path to $4.98 is not without its hurdles. Resistance at this price point could trigger a pullback or consolidation, leading to a test of support levels before another attempt to break through. Potential Scenarios: Breakout Or Consolidation? As SUI approaches the pivotal $4.98 resistance level, a successful breakout above this point might open the door to substantial upside potential. Breaking through this key level may lead to new highs and signify that the bullish momentum is strong enough to drive the price higher. Related Reading: SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend? Such a move would reinforce market confidence, signaling continued strength in the trend and possibly attracting more buying pressure from traders and investors looking to capitalize on the upward movement. On the other hand, a failure to break through this key level might result in a consolidation phase, where SUI moves within a defined range as traders reassess the market conditions. During consolidation, the price may pull back to test lower support levels like the $4 mark before making another upside attempt. Featured image from YouTube, chart from Tradingview.com
Dogecoin is starting to attack with upward momentum as the entire crypto market starts to receive notable inflows , especially in the last 24 hours. This notable increase in inflow has seen Dogecoin’s price particularly surging by about 16% in the past 24 hours and the $0.40 price level now seems within reach again. According to a technical outlook by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin needs to clear a macro golden pocket around $0.49 in order to validate a stronger upward move to new all-time highs. The Macro Golden Pocket At $0.49: The First Barrier Crypto analyst Kevin recently shared his insights on X, highlighting Dogecoin’s critical resistance levels that must be cleared before the cryptocurrency can embark on a journey toward new all-time highs. With the use of Fibonacci extension levels projected from Dogecoin’s previous bear market low in 2022/2023, Kevin mapped out key price points por bulls, starting with the macro golden pocket at $0.49. Kevin identified $0.49 as the “macro golden pocket,” the first major resistance zone Dogecoin must conquer to initiate a bullish breakout. This level represents a significant extension point in the Fibonacci indicator and sits around the 0.65 Fib. Interestingly, the $0.49 macro golden pocket served as the peak of Dogecoin’s intriguing rally in late 2024. Dogecoin’s rejection at $0.49 kicked off a correction, which eventually rebounded at the 0.382 Fib extension level. Breaking through $0.49 would put Dogecoin at its highest price point in almost four years. This in turn would undoubtedly provide the strength for further upward momentum and give Dogecoin bulls the confidence to push the price higher. Path To New All-Time Highs: Subsequent Resistance Levels At $0.53 And $0.59 Crypto analyst Kevin also highlighted key price points to keep an eye on when Dogecoin eventually breaks above the macro golden pocket at $0.49. Following a breakout at $0.49, the next critical resistance lies at $0.53, marked by another key Fibonacci retracement level at 0.703. Beyond $0.53, Dogecoin will face what Kevin described as the “final boss” at $0.59. Interestingly, this price point is also marked by another Fib extension level at 0.76. This level holds historical significance as a threshold before Dogecoin reached its current all-time high in 2021. The last time Dogecoin made a clean break above $0.59 at the 0.76 Fib extension, it took only a few days for it to reach its all-time high of $0.7316. With this in mind, another clean break above $0.59 would pave the way for Dogecoin to challenge its previous all-time high and explore uncharted price territory. At the time of writing, Dogecoin is trading at $0.389 and is up by 15.5% and 23.5% in the past 24 hours and seven days, respectively. Featured image from Pixabay, chart from TradingView
In 2024, cryptocurrencies faced over 410 security breaches, causing losses of $2.013 billion, with DeFi being the hardest hit. These incidents show the urgent need for better security, stricter rules, and more trust in digital assets. 2024 was a year for cryptocurrency, big security issues and scam projects have shown that the system needs improvement. According to SlowMist Hacked, there have been 410 security incidents reported in 2024, where huge losses account for $2.013 billion. According to SlowMist report , 2024’s losses, however, stand at 19.02% lower than in 2023, where a total of 464 incidents took place and left a loss of $2.486 billion. Major Security attack incidents of 2024 DeFi was the most vulnerable area with 82.68% of breaches. There were 339 DeFi cases, which resulted in a huge loss of $1.029 billion. This is 33.12% more than the 2023 version, which was $773 million. It shows how attractive decentralized finance has become for hackers due to weak security and flaws in smart contracts. The greatest loss was seen for Ethereum with $465 million loss. Binance Smart Chain, or BSC, followed second with the loss of $87.35 million. On May 31, some of the worst hacks occurred at the Japanese cryptocurrency exchange DMM Bitcoin. There, hackers deceived users into helping them steal 4,502.9 BTC from the exchange’s official wallet by causing about $330 million in losses. It is the seventh largest hack in the history of cryptocurrencies and the largest since 2022. According to the FBI, United States Department of Defense Cyber Crime Center, and the Japanese National Police Agency, North Korean hackers did this as part of an attack that came to be known as the Trader Traitor campaign. Another big hack involved the Indian exchange WazirX. There, a problem in the checks on multisig wallets meant more than $230 million lost. In February, hackers stole the private key of the PLA token smart contract on the PlayDapp blockchain gaming platform. With this move, they managed to mint 1.79 billion tokens with the attacker’s permission. After negotiations and an offer of a $1 million reward for white-hat hackers, the attackers were still free to create more tokens. The exchanges froze the tokens so they could not be sold in large quantities. It was a phishing email posing as a legitimate request from a partnership exchange. Around the same time, Turkey’s BtcTurk lost $90 million when hackers gained unauthorized access to its hot wallets in June, and Binance froze $5.3 million in stolen assets. Some of the biggest incidents were that of Singapore-based exchange BingX, which had reportedly suffered loss through unauthorized access to almost $45 million in September. Another was Radiant Capital in October with an estimated loss of about $50 million. Hedgey Finance is also in the list, losing about $44.7 million, and it’s because of input validation issues. Penpie lost almost $27.35 million from malicious smart contracts and flash loan attacks in the liquidity rewards. For this reason, there has to be an improvement in the security aspect for platforms. Rug pulls are where rogue teams advertise projects for cash and run off with it. Major Rug Pulls In 2024, fifty-eight cases of rug pulls happened, leading to a loss of $106 million. The largest rug pull in the zkSync system was $36.95 million. The most rug pulls occurred in the BSC system, at 28 in total. The most popular one was SHARPEI. It used images of Shar Pei dogs and celebrities to drive its price to $54 million. It was sold after this for $3.4 million, with a loss of 96% for the token. The nature of such incidents calls for proper regulation and necessary security measures over the fast-growing industry of cryptocurrency. Some proposals are for compulsory auditing of smart contracts, tightening control over KYC and AML, and also the provision of insurance pools from which an account can be withdrawn in the case of breach. Another tendency has been noted where countries begin taking collective steps to combat cyber threats at international levels. The SEC will probably play a pretty big role in the Trump administration because it’s an advocate for cryptocurrencies. As Congress is largely controlled by Republicans, it would probably focus on clear rules encouraging new ideas but at the same time protecting investors. Although there are so many problems, it is also ready to build a safer and stronger system. With the help of cryptocurrency support from the Trump administration to make security better with clearer rules, it could enter a new time of creativity in trust in digital assets. It all depends on how regulators and developers work with the community to solve problems that may arise in 2025. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The post ADA Price Prediction for January 5, Whales Scoop 40M Tokens appeared first on Coinpedia Fintech News ADA, the native token of the Cardano blockchain, has been making waves amid the ongoing market recovery following a significant price decline in December 2024. This market recovery has gained massive attention from crypto enthusiasts, resulting in significant accumulation of ADA tokens. ADA Whales Accumulate 40M Tokens Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have accumulated over 40 million ADA tokens from exchanges in the past 48 hours. This substantial accumulation indicates that whales began accumulating after the altcoin breached the trendline and broke out from a consolidation zone on the daily timeframe. Whales bought over 40 million #Cardano $ADA in the last 48 hours! pic.twitter.com/YMc1dxQzjd — Ali (@ali_charts) January 4, 2025 The expert’s report reveals how whales are accumulating ADA and highlights an ideal buying opportunity for retail investors. It has also been observed that the asset witnessed an impressive 16% upside momentum following this purchase. Why ADA Appears Struggling? The notable upside momentum, coupled with current rumors about a healthcare crisis in China, might be the reason behind today’s price decline and ongoing correction. Current Price Momentum Currently, ADA is trading near $1.07 and has experienced a price decline of over 2.1% in the past 24 hours. During the same period, its trading volume has also been impacted, registering a drop of over 50%. This indicates lower participation and further reflects fear among traders and investors. ADA Technical Analysis and Upcoming Level Despite all this activity at the international level, ADA appears bullish and poised to continue its upward momentum. According to expert technical analysis, the altcoin has already surged by an impressive 32% in the past three days and currently seems to be correcting itself for further gains. Source: Trading View ADA Price Prediction However, there is also a possibility that the market may extend ADA’s price correction for a few more days. Despite this, if the altcoin holds above the $1 mark, there is a strong chance it could soar by 25% to reach the $1.32 level in the coming days. The market sentiment appears bullish as the inauguration of United States President-elect Donald Trump, scheduled for January 20, 2025, has the potential to create a significant impact on the asset’s price .
Crypto scams are becoming increasingly sophisticated and target all users. Users must implement strong security measures to safeguard their assets. Continue Reading: Stay Vigilant: Protect Your Digital Assets Against Sophisticated Crypto Scams The post Stay Vigilant: Protect Your Digital Assets Against Sophisticated Crypto Scams appeared first on COINTURK NEWS .
Bitcoin miners are showcasing resilience, holding a substantial amount of Bitcoin as the market trends bullish in 2024. Recent data indicates a significant dip in miner flows to exchanges, reflecting
Trump Loves Dancing could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Loves Dancing (TRUMPDAN), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPDAN is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Loves Dancing can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Loves Dancing could become the next viral memecoin. Trump Loves Dancing launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Loves Dancing on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Loves Dancing by entering its contract address – HVnG6NJCvVDa34VxqR1wmSo18EGtNVJhNR8CQwNwjgpi – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPDAN. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.