The US traded ETFs bought $978.6 million worth of bitcoin and $128.7 million worth of ethereum on Monday with inflows coming in at the higher end for the day.
Bitcoin’s price remained below $100,000 for nearly three weeks, but the asset shot into six-digit territory yesterday and tapped a yearly peak of over $102,500. The altcoins are also in the green today, with DOGE nearing $0.4 and XRP at $2.45. BTC Jumped Past $102K The last two Mondays were massively different in terms of BTC price actions. On December 30, the cryptocurrency plunged from $94,000 to a monthly low of $91,300. However, it recovered a lot of ground in the following days, especially since the start of the new year. It managed to challenge $100,000 on a couple of occasions since January 4 but ultimately failed and was pushed south by a few grand. However, that changed yesterday as the bulls took complete control of the market and initiated an impressive leg-up that resulted in BTC breaking past $100,000 for the first time since December 19. The asset kept climbing in the early Tuesday morning Asian hours and jumped to an 18-day peak of $102,700 (on Bitstamp) amid the massive BTC ETF inflows. However, it failed to maintain its run and has retraced by about $1,000 since then. Nevertheless, bitcoin is more than 2.5% up on the day, and its market cap has soared to over $2 trillion once again. Its dominance over the alts has also increased to 53.8% on CG. BTCUSD. Source: TradingView ADA Rises 5% Most alternative coins have charted gains over the past day. XRP, DOGE, and TRX have added similar percentages as BTC and now trade close to $2.45, $0.395, and $0.27, respectively. Cardano’s native token has jumped by 5% and now sits at around $1.13 amid predictions about future price rallies. HBAR has added almost 7% of value and trades well above $0.3. The cumulative market capitalization of all crypto assets has added approximately $100 billion in a day. The metric is up to $3.750 trillion after bottoming beneath $3.4 trillion last week. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Markets Add $100 Billion as Bitcoin (BTC) Soared to 18-Day Peak (Market Watch) appeared first on CryptoPotato .
With a market size projected to reach $825.93 billion by 2032, the blockchain has come a long way. This technology is transforming industries and empowering individuals with the tools to attain financial freedom. Leading these changes are innovative projects in the ecosystem. In this article, we’ll explore some of the industries experiencing the profound impact of this technology and highlight some of the projects at the forefront of innovation in these spaces. The Blockchain Gaming Revolution Gaming activities have become a major use case of blockchain technology. Gaming-related transactions account for more daily transactions than every other blockchain use case combined. A report by DappRadar showed that in Q4 2024 blockchain games captured a market share of 28.2%, with an average of 6.8 million daily active wallets (dUAW)—a 16% increase compared to October 2024. Blockchain gaming and metaverse projects also saw investments skyrocket to $222 million. This represents a 148% month-over-month increase, highlighting the growing confidence in the Web3 gaming ecosystem. The total market capitalization of gaming tokens is currently $26.7 billion. What is Blockchain Gaming? Blockchain gaming in its simplest form is playing games on the blockchain. These are games built in part or in full using blockchain technology. They can be adapted to sub-technologies in the blockchain. For instance, in some games, in-game items can be minted as NFTs that can be traded amongst players. Other games are designed and built for the Metaverse. More often than not, these games have in-game currencies that players can earn by completing levels or swapping other in-game assets. Blockchain gamers earn and keep these assets, in line with the true ownership mechanisms of blockchain games. Players have full control of their in-game assets and are less susceptible to loss, unlike what is obtainable in traditional games. The lagging and crashing of Call of Duty Warzone 2.0 servers in 2022 is a good example of the susceptibility of conventional games to random crashes. Players lost their in-game assets, which could have been avoided if the game was on the blockchain. The lost items could have been minted as NFTs, ensuring they’d still exist and can be traced in the player’s wallets. Also, because the blockchain is essentially an encrypted ledger, player security is enhanced as the player account information can be stored on this ledger. This makes blockchain games less susceptible to hacks, ensuring that the player’s information isn’t exposed, unlike in traditional online games. Some blockchain gaming projects leading innovation in the space include: Creo Engine: a next-level Web3 gaming ecosystem that connects gamers and developers in a one-size-fits-all Web3 gaming hub with its powerful blockchain technology. Creo Engine’s vision is to be the foundation of all Web3 gaming systems, providing game developers with a robust and secure platform to build upon. QORPO: a blockchain game developer on a mission to revolutionize eSports, making the sector accessible to everyone. Hero shooter game, Citizen Conflict, is the company’s flagship project. Citizen Conflict is a fast-paced gameplay designed with the robust infrastructure of eSports and powered by the blockchain for the ultimate competitive gaming experience. Sidus Heroes: a futuristic play-to-earn NFT MMORPG with an amazing blockchain journey and a truly player-driven economy with tangible value in the real world. Sidus gives players ownership rights over all in-game items, and they can trade, sell, or rent these possessions–ultimately, creating a vibrant marketplace fueled by blockchain technology. Super Champs: an immersive, anime-inspired universe spanning games, video, social media, merch, and web3 ownership. It is the brainchild of a team of gaming veterans who led game studios and franchises at companies like Disney, Electronic Arts, and Zynga. Real-World Application of the Blockchain: Real Estate The real estate sector is plagued by property data management issues, a lack of transparent transactions, and inefficient data management systems. The blockchain is providing solutions to these. By leveraging the technology, the real estate market is evolving into a more streamlined and transparent ecosystem. Today, trust and collaboration in this space have been improved, and industry stakeholders can deal directly with each other as the concept of intermediaries dies out and Peer-to-Peer (P2P) takes the main stage. Challenges of Blockchain Technology in Real Estate While the blockchain presents a new era for real estate, its implementation has limitations—as with recently developed technologies. These challenges include scalability, data privacy, legal and contractual issues, interoperability, regulatory uncertainty, etc. A project providing solutions to these challenges is Propy. Propy is a platform modernizing real estate transactions by automating closing processes in real estate deals. The platform automates the closing process for all real estate participants to make closing faster, easier, and more secure. These transactions are also easier to carry out because of the availability of using cryptocurrencies. According to an interview on TechCrunch , almost one-fifth of millennials have now thought about buying a home because of the lock-downs induced by the COVID-19 pandemic, meaning that many will be looking for an easy way to transact, especially if it has the ease of use Propy has. The Future of Digital Engagement The blockchain has also proven important in how individuals communicate and engage with each other. The creator economy in today’s digital world has allowed people to turn their creativity and online presence into careers where they earn impressively. Creatives like musicians, writers, artists, and influencers can now connect with their fans and monetize their content simultaneously on social media platforms like TikTok, Patreon, YouTube, etc. The global creator economy is valued at over $191 billion and is expected to surpass $528.39 billion by 2030 at a CAGR of 22.5%. While the creator economy is well and truly here to stay, these traditional models on the platforms mentioned above have their limitations. These platforms take a large cut of the revenue creators earn while maintaining control over the creator’s relationships with their audience and ultimately, their content. This is where the blockchain comes in. KOLZ for example is using blockchain technology to transform how Key Opinion Leaders (KOLs) connect with their communities. This platform is dedicated to reshaping influencer engagement through AI-powered replicas of top influencers in cryptocurrency and blockchain. KOLZ is a dynamic, interactive space where influencers and followers can engage in real time. Financial Innovations Since Bitcoin’s launch in 2009, the world’s financial system has experienced different solutions and innovations to traditional finance issues. An example of this innovation is Staking. This is a technical concept that came with the advent of the Proof-of-Stake (PoS) consensus protocol, and it has continued to evolve. The DeFi ecosystem has thrived with it around too. At the time of writing, the Total market capitalization of liquid staking derivatives is $75.8 billion . Stader Labs is a platform that simplifies staking & offers the best risk-adjusted returns to delegators. The company is building a future where DeFi building blocks unleash a new world of staking derivatives. In the long run, Stader would be a platform for DAOs and developers to build custom staking solutions consisting of chosen validator pools, and staking-based cross-asset ETFs (equivalent to an S&P 500 index that additionally pays out interest). Conclusion While projects like Creo Engine, QORPO, and Sidus Heroes are reshaping gaming experiences, projects like Propy are revolutionizing real estate transactions, KOLZ is transforming digital engagement, and Stader Labs is democratizing financial participation. These are all possible because of the blockchain’s versatility in creating tangible value across various sectors. The evolution of this technology suggests a future where digital ownership, community-focused economies, and transparent transactions are the norm rather than the exception. The post How the Blockchain is Transforming Gaming, Real Estate, Digital Engagement, and Finance appeared first on CoinGape .
A Canadian volunteer moderator for a cryptocurrency forum has gone into hiding with his children after narrowly escaping a violent crime attempt. According to a January 6 report by Canadian French-language news outlet La Presse, the man, whose identity has been withheld, claims the assailants planned to torture him to access his crypto wallet. Family Flees “The guys had equipment to torture me,” the victim disclosed, describing a chilling scene involving a tarpaulin and surgical tools intended for gruesome use. “It’s incredible violence,” he told reporters, adding that he and his children now live out of Airbnbs to avoid detection. The alleged motive was a mistaken belief that the moderator possessed 2.5 million Bitcoin, a claim he refuted. “I’m a very ordinary guy. I may have $10,000,” he explained. The ordeal began on November 4, when two masked men threatened him outside his home but fled after he secured his door. Days later, on November 8, he noticed a black car without plates stalking his residence. A subsequent confrontation escalated as he was followed and held at gunpoint. Four suspects were arrested, and two faced charges of conspiracy to kidnap and possession of prohibited firearms. Despite crime allegations, the suspects were released on bail pending trial in March, under conditions of house arrest. The victim criticized the court’s decision, saying he has had to drain his savings to evade further attacks. Crypto Crime Cases Surge Worldwide This chilling incident underscores a troubling trend of crypto-linked crime cases. According to Bitcoin cypherpunk Jameson Lopp, at least 181 cases of crypto-related robberies, kidnappings, and murders have been reported since 2014. In November 2024, WonderFi Technologies CEO Dean Skurka endured an abduction and was forced to transfer $720,000 to secure his release. Similarly, in Pakistan, a crypto trader was kidnapped in a police van on Christmas Day and coerced into transferring $340,000. Other high-profile cases include a French influencer’s father being held for ransom and a Belgian crypto influencer’s wife targeted in a car chase that ended in a crash. Lopp advises the crypto community to practice discretion. “The general premise is that if criminals are less aware of you, they are less likely to target you,” he said. He warned against flaunting wealth on social media or engaging in risky peer-to-peer transactions. The post Crypto Moderator Goes Into Hiding After Foiling a Crime Plot appeared first on TheCoinrise.com .
Bitcoin ( BTC ) miners' daily revenue and gross profit rose for the second consecutive month in December, hitting the highest levels since April, JPMorgan (JPM) said in a research report on Monday. Mining profitability increased as the rally in the world's largest cryptocurrency continued to outpace network hashrate growth, the bank noted. JPMorgan estimated that bitcoin miners earned an average of $57,100 per exahash per second (EH/s) in daily block reward revenue last month, 10% more than in November. Still, "daily revenue and gross profit per EH/s is still 43% and 52% below pre-halving levels, respectively," analysts Reginald Smith and Charles Pearce wrote. The network hashrate grew by 6% in December to an average of 779 EH/s, the report said. Hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain. Mining difficulty rose 7% from the month before and is now 27% higher than before the reward halving event in April, the bank said. The hashrate increased 54% in 2024, slower than 2023's gain of 103%. The total market cap of the 14 publicly listed bitcoin miners that the bank tracks declined 23% to $28 billion in December. The figure rose 52% in November. TeraWulf (WULF) was the only miner that outperformed bitcoin last year, with a 136% gain, the report said. Bitcoin climbed about 120%. Read more: Bitcoin Miners Are Expected to be Profitable in December, Jefferies Says
The investment will enable TONCASH to accelerate the onboarding of millions of users to its innovative crypto cashback platform and build the Web3 standard for best-price shopping. HONG KONG , Jan. 7, 2025 /PRNewswire/ — TONCASH , the Telegram-native crypto cashback and rewards platform, has received a strategic investment from TON Ventures, the flagship venture fund of The Open Network (TON). The strategic investment will accelerate TONCASH’s mission to onboard millions of users and become the Web3 standard for best-price shopping and on-chain rewards. Ben Usinger , CEO and Co-Founder of TONCASH, commented : “This investment deepens our collaboration with Telegram and The Open Network, empowering us to deliver the best online shopping and rewards experience for the Web3 audience. With TON Ventures’ strategic support, we’re driving the adoption of on-chain payments, engaging millions of users through innovative cashback mechanics and redefining how brands connect with customers in the Web3 space.” Since launching its Telegram Mini App in November 2024 , TONCASH has gained over 200,000 users and a large following on social media, underscoring its product-market fit and rapid growth potential. TONCASH users enjoy deals from over 200 top brands, including Apple, Adidas, Binance, or Trip.com, offering up to 80% cashback — redeemable in Bitcoin, USDT, or TON tokens. Beyond cashback, the mini app provides perks such as airdrops and engagement rewards, all while operating seamlessly on any phone with Telegram installed. With TON Ventures’ backing, TONCASH now pursues an aggressive expansion across Asia-Pacific , Europe , the Middle East , and Latin America , reaching Telegram’s 950-million-user base and connecting global brands to Web3 users through crypto cashback and rewards. To join the app and benefit from its perks: Visit: TONCASH website Join us on Telegram
Cathie Wood’s asset management firm Ark Invest did a major reshuffling to its portfolio on Monday, selling 3769 Coinbase (COIN) shares from its portfolio. The recent sell-off comes as the Coinbase stock shows signs of bounceback while gaining 11.2% on the weekly chart. Amid a strong recovery on Wall Street, the COIN stock gained 6.32% ending the trading session at $287. Cathie Wood’s Ark Invest Dumps Coinbase Stock On Monday, the Ark Fintech Innovation ETF (NYSEARCA: ARKF) sold a total of 3769 Coinbase stock worth $1.08 million from its total holdings. This quantity of COIN stock sold contributed only a 0.1% drop in the portfolio holdings and comes as part of periodic adjustments. Last September, Ark Invest loaded Coinbase shares in big quantities just ahead of the mega rally in the COIN stock. Back then the share price was trading at just $150. However, since then the share price has appreciated by a massive 91% with Ark generating massive ROI within just four months of its investments. Ark Investments is an early investor in Coinbase and continues to hold a large amount of COIN stocks even today. The Ark Fintech Innovation ETF (ARKF) that holds the Coinbase stock has delivered massive returns of 50% over the past year, along with investments in Shopify and Block Inc. Under the leadership of Cathie Wood, the asset manager is likely to pursue more such investments. With Donald Trump taking the office at White House this month, Wood is even more optimistic about the US economy in the coming years. Cathie Wood of Ark Invest highlighted that a restructuring of the U.S. SEC under Trump’s administration could significantly boost American innovation. She noted that new leadership at the SEC and FTC could pave the way for a transformative era of technological advancement in the U.S. COIN Share Price Expectation for 2025 Amid the broader crypto market rally in 2024, Coinbase stock price has appreciated by a strong 80% over the past year. Market analysts expect this rally to continue further from here this year into 2025. On Monday, the Coinbase share price gained 6.32% ending the trading session at $287. As the crypto exchange is preparing to release its Q4 earnings report, analysts have raised price targets for the same. As per analysts, the COIN stock can hit $400 ahead of its earnings report, which is another 37% upside from here. Favorable regulatory environment and crypto market euphoria under Donald Trump could serve as a catalyst for this. Coinbase Insiders Are Selling the Stock Apart from Ark Invest, there has also been more selling coming from Coinbase insiders in recent weeks. Last week on January 2nd, Coinbase CTO Paul Grewal offloaded 10,000 shares from his holdings netting more $2.57 million. As a result of this transaction, his stake in the company decreased by 12.59%, leaving him with 69,407 shares valued at approximately $17.82 million. Paul Grewal has been offloading his COIN stock holdings over the past few months. The post Cathie Wood’s Ark Invest Sells Coinbase (COIN) Stock Amid Insiders Sales Red Flag appeared first on CoinGape .
The post Bitcoin Price Back Above $100K—Will it PullBack for Higher Low or Dive Into Deeper Correction? appeared first on Coinpedia Fintech News Bitcoin demonstrated a huge bullish action during the last trading day, which helped the token breach the pivotal resistance range between $98,685.01 and $99,583.64, marking highs above $102,000. While major reasons contribute towards the rise, some among them are the rise in the hash rate that marked the ATH, increased mining difficulty, Michael Saylor buying more Bitcoin, and Donald Trump taking office soon. With this trade setup, the BTC price is assumed to rise above $300K. But are these realistic targets? Ever since the price rose above the consolidation, the spot ETFs have seen a significant inflow. After recording over $900 million during the past week, the total net flows were also above $900 million for the second consecutive day. This suggests the institutions are fueling the Bitcoin momentum as the institutions are buying more than the BTC mined in a day. Now that the volume over the platform has recovered from the lows below $20 billion to levels above $50 billion, here is what to expect from the BTC price rally this month. The historical BTC price action remains bullish and the latest rebound above $100K indicates the bulls have gained enough strength. The price is printing consecutive bullish weeks in a row, which usually happens when the token is poised to mark new highs above the current ATH at $108.2K. The +Di of DMI has displayed a bullish divergence along with RSI; hence, indicating the price could maintain a healthy ascending trend. The trade pattern suggests the next highs for the BTC price could be somewhere around $111,676, hitting the resistance of the rising wedge. Meanwhile, the question arises whether the token will be able to sustain the gains or face another rejection from the highs. Considering the trade pattern, rejection seems imminent, while the growing market dynamics are expected to hold the levels above the previous highs, which may initiate a strong recovery. In 2024, U.S. politics will have impacted the crypto markets, particularly the BTC price. The launch of spot ETFs and the election of pro-crypto candidate Donald Trump were the main drivers of the growth. Therefore, it is quite evident that future price surges could be highly dependent on the U.S. government’s adoption of pro-Bitcoin policies and actions.
Crypto market recovery shows strong momentum today, with Bitcoin surpassing $102K, fueling bullish sentiment across the market. Most of top altcoins struggles to sustain upward trends, reflecting mixed performance. Dogecoin price, currently holding above $0.39, is showcasing resilience amid these fluctuations. Investors are closely monitoring DOGE, anticipating further gains before potential corrections. Can Dogecoin Price Rally to $0.5 Before Market Corrects? The TD Sequential indicator has flashed a sell signal on Dogecoin’s daily chart, suggesting a potential price correction ahead. DOGE price trades near $0.39, gaining momentum after recent bullish price action. The sell signal, highlighted by a green-to-red transition, indicates waning buying pressure. Traders anticipate a temporary pullback as the market adjusts. Recent market optimism fueled Dogecoin’s surge, with significant trading activity pushing prices higher. Analysts believe the sell signal may serve as a cooling phase before another potential rally. Despite the correction warning, market sentiment around the top meme coin remains optimistic. Source- Tweet DOGE Nears Key Resistance as Bulls Target $0.41 Breakout A crypto analyst highlights that Dogecoin is approaching a critical resistance level, marking a decisive moment for the popular memecoin. To reignite its momentum and push toward previous all-time highs, Dogecoin needs to break past the $0.41 mark. The coin has been consolidating near this significant level after a recent upward trend. Analysts emphasize that a clear breakout beyond $0.41 could set the stage for a renewed rally. The current price action shows a retest of prior resistance, suggesting growing market interest. Source- X What Next For Dogecoin Price After a Market Rally? The global crypto market cap has reached $3.58 trillion, reflecting a 1.68% rise in the past 24 hours. Market activity surged as the total crypto trading volume jumped 30.% to $124.78 billion. Bitcoin price is above $102k, while Ethereum, Solana, XRP, and other cryptocurrencies followed suit. Meme coins, including Dogecoin, also saw significant price rallies. Analysts suggest Dogecoin price could experience further gains if the bullish momentum persists. The latest DOGE price hovered at $0.393, reflecting a 4% surge within the past 24 hours during the U.S. timeframe. This upward momentum positions Dogecoin near the $0.40 mark, indicating potential bullish activity. Technical analysis suggests on the 4-hourchrt shows a continuation of the upward trend. The Relative Strength Index (RSI) shows a reading of 66.71, nearing an overbought condition that could lead to a temporary market correction. The Chaikin Money Flow (CMF) remains positive at 0.03, reflecting consistent capital inflows. Support lies at $0.35 and $0.32, offering a safety net in case of downward pressure. If bears make a comeback the Dogecoin price prediction could see a market corrects. And If bulls maintain momentum, DOGE could test the $0.50 psychological resistance, a key level for further rally potential. Dogecoin Price Chart: TradingView To conclude, the Dogecoin price has seen a market recovery following the crypto market rebound. Dogecoin’s price holds promise amid market optimism but faces potential corrections. Breaking $0.41 could ignite a rally toward $0.50. Investors should monitor key resistance and support levels closely. The post Will Dogecoin Price Hit $0.5, or Is a Correction Imminent? appeared first on CoinGape .
US spot Bitcoin ETFs (exchange-traded funds) purchased almost three times more BTC than the amount that was produced by miners in December. Aggregated data from Apollo and BiTBO shows that spot BTC ETFs in the US accumulated 51,500 Bitcoins collectively. Bitcoin ETFs have a stellar December December proved to be a golden time for Bitcoin ETFs with inflows supported by strong market momentum. The influx of capital into these investment products gave the largest crypto by market cap the support needed to rise above the psychological $100K mark to a new all-time high of $108,135 on December 17, according to data from CoinGecko. Simultaneously, Bitcoin miners introduced 13,850 new coins to BTC’s supply in December. Overall, the accumulation by spot Bitcoin ETFs was approximately 272% more than the number of new coins that were produced last month. Crypto researcher Vivek also noted in a January 6 X post that BTC exchange balances have plunged to historic lows, creating a supply bottleneck. With exchanges running low on liquidity, Vivek warned of a potential impending “supply shock.” #Bitcoin balance on exchanges hits an all time low. Supply shock incoming 🚀 pic.twitter.com/BkEmFfWeE7 — Vivek⚡️ (@Vivek4real_) January 6, 2025 Major inflows in January Data from Farside Investors shows that US Spot Bitcoin ETFs posted their second consecutive day of net inflows yesterday, with around $978.6 million entering the funds’ reserves collectively on January 6. Yesterday’s positive flows also marked the second consecutive weekday of more than $900 million in inflows. BlackRock’s IBIT, which is the current leader in cumulative inflows, saw $253.1 million and $209.1 million enter its reserves on Jan. 3 and Jan. 6, respectively. However, Fidelity’s FBTC was the top-performer. On Jan. 3, investors poured $357 million into FBTC, while $370.2 million entered the fund yesterday. Bitwise’s BITB also recorded positive net flows on both days. Similarly, ARKB recorded $16.5 million and $222.6 million net inflows on Jan. 2 and Jan. 6, respectively, while VanEck’s reserves increased over $10 million with the inflows it registered over both days. After posting no new flows on Jan. 3, investors resumed investing in Grayscale’s GBTC, sending $73.8 million to the ETF yesterday. The asset manager’s smaller BTC fund saw net inflows on both days as well. The uptick in inflows comes as BTC managed to reclaim a position above the $100,000 mark in the last 24 hours. After posting a daily gain of more than 2%, the market leader trades at $101,719.51 as of 3:05 a.m. EST. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.