BTC is posting new all-time highs amid renewed expectations that the United States will establish a strategic Bitcoin reserve under President-elect Donald Trump. On Sunday morning, the price of Bitcoin tagged a record high of $106,352, according to data from CoinGecko. BTC has since pulled back roughly 1% to last change hands for $105,100. Bitcoin ranks as the 17th strongest top 100 cryptocurrency over the past seven days with a 6.1% gain after rising 3.4% over 24 hours. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin's price surge prompts countries to consider strategic reserves. The U.S. Continue Reading: Countries Consider Bitcoin Reserves as Prices Surge The post Countries Consider Bitcoin Reserves as Prices Surge appeared first on COINTURK NEWS .
Bitcoin price shot up by another 6% to hit a new all-time high at $106,498 today, as investors await the Christmas rally. Today’s BTC surge came following MicroStrategy’s addition to Nasdaq 100 index and bullish momentum amid Donald Trump’s strategic Bitcoin Reserve developments. Legendary trader Peter Brandt predicted Bitcoin could surge past $120K by the year-end. This Bitcoin price target looks reachable amid the Trump pro-crypto statements. Trump Rally For Bitcoin Price to Extend Further? With Donald Trump set to take charge of the White House next month, analysts are hopeful of a crypto-friendly regulatory landscape. Furthermore, the US is likely to build a strategic Bitcoin reserve under the Trump administration. Last week while speaking at the New York Stock Exchange (NYSE), Donald Trump announced plans for crypto without revealing much details about it. Last week, Michael Saylor’s MicroStrategy attained a significant milestone by joining the Nasdaq 100 Index. Over the last four years, business intelligence software firm MicroStrategy has transformed into a leveraged Bitcoin investment vehicle by raising billions of dollars through its MSTR stock sale and buying more Bitcoins from it. Speaking on the development, Sean McNulty, director of trading at liquidity provider Arbelos Markets said: “Now that MicroStrategy is in Nasdaq, index funds may buy its shares, and that will help the company to raise more equity to buy more Bitcoin”. On Sunday, Michael Saylor hinted that his company’s Bitcoin buying spree could continue even at new all-time highs. As per the Saylor Tracker data , MicroStrategy holds 423,650 BTC on its balance sheet worth $44.58 billion as of the current Bitcoin price. Is https://t.co/Bx3917zMqi missing a green dot? pic.twitter.com/B3Zzd6M1uV — Michael Saylor (@saylor) December 15, 2024 Over the past five consecutive weeks, Saylor has been buying Bitcoin for his firm every Monday. Investors are looking forward to a sixth such announcement from MicroStrategy on December 16. Popular economist and Bitcoin critic Peter Brandt said: “Bitcoin is at a new all-time high again tonight. Most likely, we will find out tomorrow that Michael Saylor was the buyer. That seems to be the trend, as it’s happened the last five Mondays in a row”. Bitcoin extended its rally through Sunday, achieving a seven-week winning streak—its longest since 2021. The move was triggered by anticipation of having Bitcoin strategic reserve in January. Analysts Predict $120K Price Target for BTC Legendary trader Peter Brandt shared a chart showing a Bitcoin price breakout above the $101,435 level and suggesting that the next Bitcoin all-time high could be above $120K. The time frame that he expects for this milestone is between Christmas and New Year 2025. Source: Peter Brandt On the other hand, the Bitcoin whale accumulation has continued on a solid footing over the past few weeks. Crypto analyst Ali Martinez observed a sharp increase in the number of Bitcoin whales on the network following Donald Trump’s victory in the U.S. presidential elections. Source: Ali Charts However, the upcoming FOMC meeting on Wednesday may create some headwinds for the further Bitcoin price rally. The US Fed is expected to cut interest rate by 25 bps to 4.25%. Moreover, traders must keep an eye on rate cut decisions by the Bank of Japan and Bank of England. As of press time, the BTC price is trading 6.2% up at $105,193.04 with its market cap surging past $2.08 trillion. Furthermore, the daily trading volume has also surged 64% to $63.2 billion. As per the Coinglass data, the 24-hour BTC liquidations have soared to $119 million of which $103 million is in short liquidations. The post Bitcoin Price Hits New ATH of $106K, Top Analyst Gives $120K Target appeared first on CoinGape .
UPBIT LISTING: VANA Trading Support Announced for KRW, BTC, USDT Markets ————— 💰Coin: BTC ( $BTC ) $104,751.80 ————— NFA.
MicroStrategy Chairman and Bitcoin advocate Michael Saylor has once again come to the forefront by calling on the US government to sell its gold reserves and invest in Bitcoin instead. Saylor’s proposal, outlined at a recent meeting, is based on the idea that Bitcoin has emerged as the ultimate global reserve capital network. “Bitcoin is better than real estate, better than stocks,” Saylor said, adding that no corporate or real estate asset can rival Bitcoin as a long-term investment. He suggested that the U.S. could catalyze Bitcoin’s growth by purchasing 20-25% of the network on behalf of the government. Saylor has viewed Bitcoin as a transformative financial instrument that could strengthen the U.S. economy while diminishing the value of rival countries’ gold reserves. He argued that by selling all of its gold holdings and buying Bitcoin, the U.S. could cash in on Bitcoin’s growth while weakening the finances of countries with significant gold reserves, such as China and Russia. Related News: Watch Out: Very Important Week Ahead - Major Economic Developments and Altcoin Events Coming Up! Here is the Day by Day, Hour by Hour List “Dump your gold,” Saylor urged, adding: “Sell all US gold, buy Bitcoin. This transaction is essentially free because you can buy 5 million Bitcoin for the price of gold.” Saylor also noted the broader implications of such a move, suggesting that demonetizing gold could reduce its value to near zero, which could significantly impact countries that rely on gold reserves, while Bitcoin’s value could skyrocket. “Our assets will reach $100 trillion, and we will control the world’s reserve currency network as well as the world’s reserve capital network,” he said. *This is not investment advice. Continue Reading: Mega Bull Michael Saylor Makes Extraordinary Bitcoin Proposal for the US
The post How to Protect Your Crypto Assets from Malware on MacOS: Tips for Safe Investing appeared first on Coinpedia Fintech News The Online cryptocurrency community is put in more danger after MacOS Stealer Trojan, a malware that steals data from computers, became open-source. Purchased for 1 BTC before and the recent move to open-source the attack code has made the security threat even more of a real possibility. This is How the Malware Operates Slowmist’s security researcher adding more details has said that Vulnerable targets can be attacked with Stealer Trojan under MacOS if the attacker disguises himself in applications that look like fake job offers, verification bots, or insecure software installations. After initiation, the malware gains access to the victim’s computer to steal wallet credentials and private keys for threatening cryptocurrency assets. 未来加密货币参与者将面临更为严峻的盗窃木马威胁 近日，知名的加密货币盗窃木马 MacOS Stealer 被突然开源。此前，其攻击源码以 1 BTC… — 23pds (山哥) (@im23pds) December 16, 2024 New Threat of Open-Sourced Malware The recent release of MacOS Stealer into the public domain has made it easier for hackers to perform complicated heists. Establishing an easily retrievable attack library ensures that the latter decision is even more subtle and complex in terms of theft. Security specialists comment this action may cause a rise in theft Trojans and will dramatically extend the list of threats for the users of cryptocurrencies. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Weekly Crypto Hack Report: Are Your Digital Assets Safe? , How to Protect Your Assets? To mitigate these growing risks, crypto participants are urged to adopt robust security measures like: Avoid unknown commands: Do not perform any scripts or commands that they are not familiar with because chances are those will slow you down. Use hardware wallets: Self-custodial wallets, or hardware wallets, are a more secure way to hold your crypto investments. Scrutinize software: Do not download or install software that has not been through the necessary validation. Perform security scans: It is always important to perform a scan on an application before it is installed. This trojan stealer MacOS’s open-sourcing is a witness to the increasing complexities associated with protecting online assets. While the attackers are getting better access to better tools, crypto holders have to be prepared and take certain extra steps to ensure their funds are protected. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var subcribemodal = document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'd491a6bab4', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { var templateId = '6'; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById('unsubscribe_' + templateIdStr); var idNotMatchTosubscribe = document.getElementById('subscribe_' + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } });
Victoria, Seychelles, December 16th, 2024, Chainwire In order to provide a better trading experience, Bitget has suspended EZSWAP-Manta NetWork deposit services starting from December 15, 2024 (UTC) until a later announcement is made. Any inconvenience caused is sincerely regretted, and understanding is greatly appreciated. Updates will continue to be provided through official channels. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Disclaimer Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use . Contact Public Relations Media Bitget media@bitget.com
Macro guru Luke Gromen believes the US has minimal choice but to seriously consider elevating Bitcoin ( BTC ) as a neutral reserve asset. In a new interview with Bitcoin firebrand Robert Breedlove, Gromen says the country is facing a national security crisis after Russia crushed US and NATO forces in Ukraine. Gromen believes that the defeat has changed the rules of the game, forcing the Department of Defense and the national security apparatus to abandon the fiat currency system. According to the macro guru, the US dollar system drove the country to shutter its factories, crippling America’s ability to manufacture armaments for national defense. But Gromen says the national defense and intelligence establishment now sees an opportunity to revitalize its industries by debasing the dollar and using Bitcoin to back the Treasury market. “The game theory has changed around this: for national political stability, for bringing back the middle and working class for defense base re-establishment. All of these things are pointing to a neutral reserve asset… Bitcoin has gone from an eye-roll laugh in this sentence a year ago… but I don’t think there should be. Treasury [Department] is talking about how to use stablecoins to create a balance sheet basically for T-bills to finance deficits. Paul Ryan, former speaker of the House [and] VP candidate, [wrote an] op-ed about how stablecoins could be used to create demand for T-bills. Trump saying Bitcoin is the new oil, reportedly, [and] the strategic [Bitcoin] reserve.” Gromen says the statements of politicians and the Treasury Department tell him that the US is gearing up to massively boost the market cap of Bitcoin, similar to what happened to oil in 1973 when it surged 400%. “What that oil price did by moving up that way was it effectively made oil big enough to back the dollar, to back the US deficits.” According to Gromen, elevating Bitcoin as a neutral reserve asset will allow the US to finance the re-establishment of its industries for national defense without making Americans poor. “The Treasury Borrowing Advisory Committee report has a chart: here’s the market cap of crypto, here’s the market cap of stablecoins, here’s how many T-bills stablecoins have bought, and it’s linear. That’s how they’re looking at it… When you think about it that way in the context of political stability issues that you need to address, the national defense issues you need to address, the game theory is turned on its head… Bitcoin isn’t a threat that is rising. It needs to go up faster so that we have more balance sheet capacity and so that our people, as we reinflate to re-shore all of this stuff because it is going to be inflationary, that’s not a bad thing to compensate your people to keep them whole on a real basis while that happens.” Source: Treasury Department At time of writing, Bitcoin is trading for $105,063. 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: DALLE3 The post Bitcoin Could Become Neutral Reserve Asset As BTC Now a National Security Issue, Says Investor Luke Gromen appeared first on The Daily Hodl .
The post MOCA Token Surges by 380% After Major South Korean Exchange Listings appeared first on Coinpedia Fintech News After being listed on South Korea’s leading crypto exchanges, Upbit and Bithumb, Moca Network’s token, MOCA, has seen a massive 380% price jump , hitting an ATH of $0.426. This move is a big step for the Moca Foundation and highlights South Korea’s role in driving web3 growth. MOCA Listing Sparks Price Surge Upbit was the first to announce MOCA’s listing, allowing trading pairs in KRW, Bitcoin (BTC), and Tether (USDT). Trading officially started on December 16 at 2:00 PM KST, and the exchange confirmed that deposits and withdrawals for MOCA would only be supported on the Ethereum network. 신규 디지털 자산 모카버스(MOCA) 거래지원 안내 지원 마켓: KRW, BTC, USDT 마켓 거래지원 개시 시점: 2024-12-16 14:00 예정 공지 바로가기: https://t.co/oFC8cktPXp #Upbit #MOCA pic.twitter.com/yTtMJ0tYw5 — Upbit Korea (@Official_Upbit) December 16, 2024 MOCA is the heart of the Mocaverse ecosystem, a decentralized metaverse project. It provides access to different features in the network and lets holders have a say in its governance. The listing on Upbit is expected to give MOCA a major boost as it strengthens its presence in the crypto market. Bithumb Joins the Action Shortly after Upbit, Bithumb also listed MOCA , allowing trading in KRW on the Ethereum network. Trading started at the same time, with the token’s initial price set at 136 KRW. Bithumb even added another token, MOODENG, to its listings. Both exchanges renamed the token to “Mocabus” to align better with the South Korean market, making it easier for local investors to connect with the brand. MOCA Price Skyrocket 380% The dual listings caused MOCA’s price to explode by 380% within just an hour, with its trading volume shooting up by more than 600% in 24 hours. Futures trading saw a massive spike too, with open interest jumping 1,250% in a day to hit $33.27 million. Yat Siu, co-founder of Animoca Brands, expressed his excitement, thanking Upbit and South Korea for welcoming the Moca Network. He believes South Korea’s tech-savvy community and strong crypto ecosystem will play a big role in bringing web3 to the masses. Thank you @Official_Upbit and welcoming Korea to the $MOCA @Moca_Network bringing mass adoption to web3! https://t.co/Oetr68aYV6 — Yat Siu (@ysiu) December 16, 2024 As of now, MOCA is priced at $0.24, up 190%, with a market cap of $383 million. The token’s impressive rise shows its growing popularity and potential in the crypto space
On December 16, a significant transaction in the crypto market was recorded, revealing that a prominent whale within the Ethereum ecosystem engaged in a substantial borrowing and shorting strategy. According