Terra founder Do Kwon's criminal trial has been set. Here's what you need to know about the $40 billion collapse of TerraUSD and LUNA.
The incident highlights the growing vulnerability of social media accounts in the crypto space, risking investor trust and market stability. The post Litecoin’s X account hacked to promote fake Solana LTC token appeared first on Crypto Briefing .
The FOMC meeting date for January 2025 is fast approaching, and for the crypto community, the Federal Reserve interest rates decision is what is of utmost importance. However, recent developments suggest that the decision might not be favorable for the crypto market. FOMC Meeting Date And What To Expect The Federal Reserve’s calendar shows that January’s FOMC meeting date is set for 28th and 29th. The Fed will announce its interest rates decision at the end of this 2-day meeting. The crypto community has its eyes on this Fed meeting to see whether the US Central Bank will continue with the quantitative easing (QE) policies that it adopted last year, having made three interest cuts in 2024. At the December 2024 FOMC meeting, the Fed decided on a 25 basis points (Bps) rate cut, which was bullish for the crypto market. However, the Federal Reserve Chair Jerome Powell’s speech suggested that the committee was hawkish despite the rate cut decision. Since then, the crypto community has been looking forward to the next FOMC meeting. There have been several developments that suggest what the Federal Reserve interest rates decision would be this month. One is the December nonfarm payrolls data, which surged to 256,000. With this strong US job data, traders predict that the Fed will keep interest rates steady. CME FedWatch data shows there is a 93.6% probability of the Fed keeping interest rates unchanged. In fact, traders are now betting against a Fed rate cut in the first half of this year. Instead, they predict that there will be only one rate cut throughout the year, which will happen in October. What It Means For Bitcoin And The Crypto Market The Fed’s potential decision to keep rates unchanged at its next FOMC meeting is bearish for the Bitcoin price and the broader crypto market. Bitcoin flash crashed to as low as $92,000 following the release of the nonfarm payrolls data, which reduced the likelihood of a rate cut at the January Fed meeting. Keeping rates unchanged plays out in the minds of investors who are likely to be more risk-averse. These investors are less likely to invest in risk assets like cryptocurrencies. What To Watch Out For Before The Fed Meeting Ahead of the January FOMC meeting, the PPI and CPI inflation figures are things to keep an eye on. The Producer Price Index data will come out on January 14, while the Consumer Price Index data will be released on January 15. These inflation figures will undoubtedly influence the Federal Reserve interest rates decision at the January meeting. The PPI is expected to rise to 3.0 year-on-year (YoY). Meanwhile, the CPI is expected to rise to 2.8% year The post US FOMC Meeting Date 2025: What’s Next for Federal Reserve Interest Rates? appeared first on CoinGape .
New reports have revealed a massive exodus of Ethereum (ETH) tokens from various crypto exchanges. IntoTheBlock’s on-chain data shows that over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This large-scale ETH outflow marks one of the largest in recent months, signaling a potential shift in investor behavior. Ethereum Exchanges See Massive Outflows IntoTheBlock, a crypto analytics platform, reported that over $1.4 billion worth of Ethereum was recently moved out of crypto exchanges. This large-scale transfer usually occurs when investors buy a cryptocurrency from an exchange and move it to their private wallets rather than storing it on the centralized exchange. Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch Considering the sheer amount of ETH involved, investors may be planning to hold onto their assets rather than sell them. Data for IntoTheBlock indicates that approximately 74% of ETH investors have been HODLing for over a year, highlighting a widespread trend amongst investors to retain their assets. The last time Ethereum exchanges experienced outflows at such a high level was in November 2024. At the time, Bitcoin (BTC) and Dogecoin (DOGE) were the highlight of the market, experiencing massive gains following Donald Trump’s win in the United States (US) Presidential elections. In contrast, Ethereum saw less impressive gains, struggling to break through resistance levels to reach new highs. Given ETH’s current volatility and price fluctuations, it would not be surprising if investors decided to sell off their holdings to prevent potential losses. However, the reverse seems to be the case, as these investors are holding on to their assets, possibly banking on a possible price increase in the future. Confirming the massive ETH outflows from exchanges, CryptoQuant highlighted a decrease in overall selling pressure in the Ethereum market. The blockchain analytics platform disclosed that while inflows and outflows have increased slightly, net flows stay negative. IntoTheBlock also shows that inflows have increased by 43.07% over the past week, while outflows have surged by a whopping 57.35%. Ethereum’s large holder netflow remains negative, decreasing by 26.35% over the past week and 47.60% in the last 30 days. Interestingly, there have also been severe outflows from Ethereum Spot ETFs, with Wu Blockchain revealing that the total net outflow of these ETFs has increased to $68.47 million. Analyst Unveils Bearish Ethereum Price Prediction ‘More Crypto Online (MCO), a crypto community on X, has shared a bleak Ethereum price forecast, projecting a direct decline in line with the third wave of the Elliott Wave theory. According to the analyst, Ethereum will likely remain in its current consolidation phase through the weekend as its Wave 2 unfolds. Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible The analyst has presented potential targets for the projected decline in Wave 3, with significant levels at 100%, 123.6%, and 138%. If Ethereum experiences a decline to these degrees, its price could crash to $2,841, $2,660, and $2,555, respectively. Featured image created with Dall.E, chart from Tradingview.com
The post AVAX Rally Imminent? Whale Transaction Volume Soars by 71% appeared first on Coinpedia Fintech News The overall cryptocurrency market sentiment appears negative, amid this, Avalanche (AVAX) has gained significant attention from investors and whales, as reported by the on-chain analytics firm IntoTheBlock. Large Transactions Volume Soars by 71% Data from IntoTheBlock reveals that the large transaction volume on AVAX has surged by 71.09% in the past 24 hours. Source: IntoTheBlock This significant rise in transaction volume indicates heavy participation from whales, who have also shown strong interest and confidence in the token. This could create substantial buying pressure and drive further upside momentum. Additionally, data from the on-chain analytics firm Coinglass’s spot inflow/outflow reveals that exchanges have experienced an outflow of a significant $5.15 million worth of AVAX. This suggests that whales and investors are taking advantage of the recent price decline and have been continuously accumulating. Source: Coinglass AVAX Price Action and Key Levels However, this volume from the on-chain analytics firm and the significant outflow occurred when the AVAX price reached a crucial support level of $36, where the altcoin previously gained a 25% rally. In addition to the horizontal support, AVAX is also receiving support from the 200 Exponential Moving Average (EMA) on the daily time frame. Source: Trading View Since December 2024, AVAX has reached this level multiple times, and each time, it has witnessed a price rally of over 25%, reaching the $44.5 mark. It appears that whales, observing this historical rally, maybe the reason behind their participation. RSI Signal Upside Rally Based on the recent price action, if AVAX holds above the $35 level, there is a strong possibility it could soar by 25% to reach the $44 level. Currently, AVAX’s Relative Strength Index (RSI) is near the oversold area, suggesting potential upside momentum. Current Price Momentum Currently, AVAX is trading near $36.35 and has experienced a price decline of over 2% in the past 24 hours. However, during the same period, its trading volume jumped by 10%, indicating a modest rise in participation from traders and investors.
Cardano (ADA) price is facing critical pressure, trading slightly above $0.90 after significant declines. The cryptocurrency struggles to regain momentum amid broader market corrections. Meanwhile, Bitcoin (BTC) remains below the $95,000 mark, reflecting persistent challenges. Both assets show signs of uncertainty, raising concerns among investors about potential market recovery trajectories in the coming days. Will Cardano Price Double with Support in Focus? Cardano price is approaching a crucial support level, sparking discussions about its potential for significant upward movement. The cryptocurrency currently trades within a range of $0.874 to $1.327. This range-bound movement highlights a technical zone pivotal to traders and investors. The analyst suggests that the top altcoin has consistently formed higher lows since its swing low on December 19. This pattern signals a bullish sentiment as buyers appear to step in at increasingly higher levels. Analysts are closely monitoring the demand zone between $0.829 and $0.879, which presents a favorable entry point for accumulation based on technical indicators. If Cardano price rebounds strongly from this demand zone, it could initiate a rally toward its short-term price targets. These targets are set at $1.10, $1.32, and $1.60, representing potential areas of resistance. Achieving these levels would require sustained buying momentum and favorable market conditions. Technical charts further indicate that a clear breakout above the upper range could confirm bullish continuation. Such a move might signal that Cardano has regained market confidence and investment interest. Cardano (ADA) price chart: TradingView At the time of writing, the ADA price is hovering at $0.9443, with a slight surge of 2% in the past 24-hours. Most of the cryptocurrencies are trading in sideways with BTC trading below $95k. ADA Price Surges Amid Supply Growth The Cardano price market displayed notable fluctuations, as observed in the chart, with total supply steadily increasing. ADA’s price surged sharply in November, hitting peaks before retracing to stabilize. The consistent supply growth highlights network expansion, while price volatility emphasizes market dynamics. Analysts suggest monitoring upcoming developments and market trends for potential opportunities in the cryptocurrency landscape. Source: Santiment Cardano’s price recovery depends on holding critical support levels and overcoming key resistance zones. Sustained momentum and favorable market trends are crucial for potential gains. Investors should remain vigilant and track developments to capitalize on opportunities. The post Can Cardano (ADA) Double As Price Approaches Key Support? appeared first on CoinGape .
Solana (SOL) has long been a frontrunner in the blockchain space, revered for its lightning-fast transactions and robust infrastructure. However, with rising competition from innovative projects, its dominance could soon face significant challenges. One such project, Lightchain AI , is capturing the attention of investors, raising $9.4 million in its presale at a price of $0.004875 per token, as it emerges as a strong contender with groundbreaking features and a fresh approach to decentralized technology. Solana’s Strengths and Challenges Solana is a fast block chain place known for its growth and quickness, able to handle up to 65,000 trades each second. This speed is got through its special Proof-of-History PoH way of agreeing, which marks times of trades for quicker work. But, Solana has problems. There are worries about centralization because of its validator setup and the hard work needed to keep fast performance while not losing safety. Also, the network has had shutdowns which makes people wonder about its trustworthiness.͏ As of January 7, 2025, Solana's own coin SOL is trading at around $220.58 which shows a 3.47% rise in past 24 hour. Rise of Lightchain AI Utility-Driven Innovator Lightchain AI introduces a groundbreaking Proof of Intelligence (PoI) consensus mechanism, rewarding nodes for conducting AI computations such as model training and optimization. This novel approach enhances both network security and operational efficiency, setting it apart from traditional consensus models. The project is guided by a well-defined and ambitious roadmap, with key milestones including a testnet launch in January 2025 and mainnet activation in March 2025, demonstrating a strong commitment to innovation and scalability. Its carefully structured tokenomics, with a total supply of 10 billion LCAI tokens , ensures long-term sustainability by allocating 40% for presale, 28.5% for staking rewards, 15% for liquidity, and the remainder for marketing, treasury, and team incentives. By seamlessly integrating AI with blockchain technology, Lightchain AI addresses critical challenges such as scalability and governance, positioning itself as a catalyst for widespread adoption across diverse industries. Crypto Landscape What Lies Ahead As the blockchain industry matures, competition among leading platforms will only intensify. Solana’s established reputation gives it an advantage, but its long-term success will depend on its ability to address technical shortcomings and fend off rivals like Lightchain AI . Meanwhile, Lightchain AI’s innovative approach and early-stage momentum suggest it could become a major player in the next crypto bull run. For investors , this signals a shift toward projects that offer tangible solutions and long-term growth potential. Those who recognize this trend early may find themselves ahead of the curve, capitalizing on the next wave of blockchain innovation. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
Solana (SOL) has long been a frontrunner in the blockchain space, revered for its lightning-fast transactions and robust infrastructure. However, with rising competition from innovative projects, its dominance could soon face significant challenges. One such project, Lightchain AI , is capturing the attention of investors, raising $9.4 million in its presale at a price of $0.004875 per token, as it emerges as a strong contender with groundbreaking features and a fresh approach to decentralized technology. Solana’s Strengths and Challenges Solana is a fast block chain place known for its growth and quickness, able to handle up to 65,000 trades each second. This speed is got through its special Proof-of-History PoH way of agreeing, which marks times of trades for quicker work. But, Solana has problems. There are worries about centralization because of its validator setup and the hard work needed to keep fast performance while not losing safety. Also, the network has had shutdowns which makes people wonder about its trustworthiness.͏ As of January 7, 2025, Solana's own coin SOL is trading at around $220.58 which shows a 3.47% rise in past 24 hour. Rise of Lightchain AI Utility-Driven Innovator Lightchain AI introduces a groundbreaking Proof of Intelligence (PoI) consensus mechanism, rewarding nodes for conducting AI computations such as model training and optimization. This novel approach enhances both network security and operational efficiency, setting it apart from traditional consensus models. The project is guided by a well-defined and ambitious roadmap, with key milestones including a testnet launch in January 2025 and mainnet activation in March 2025, demonstrating a strong commitment to innovation and scalability. Its carefully structured tokenomics, with a total supply of 10 billion LCAI tokens , ensures long-term sustainability by allocating 40% for presale, 28.5% for staking rewards, 15% for liquidity, and the remainder for marketing, treasury, and team incentives. By seamlessly integrating AI with blockchain technology, Lightchain AI addresses critical challenges such as scalability and governance, positioning itself as a catalyst for widespread adoption across diverse industries. Crypto Landscape What Lies Ahead As the blockchain industry matures, competition among leading platforms will only intensify. Solana’s established reputation gives it an advantage, but its long-term success will depend on its ability to address technical shortcomings and fend off rivals like Lightchain AI . Meanwhile, Lightchain AI’s innovative approach and early-stage momentum suggest it could become a major player in the next crypto bull run. For investors , this signals a shift toward projects that offer tangible solutions and long-term growth potential. Those who recognize this trend early may find themselves ahead of the curve, capitalizing on the next wave of blockchain innovation. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice
Cryptocurrency analytics company Santiment has released its latest list of NFT space-related altcoins that have attracted the most interest from developers recently. NFTs and NFT-related altcoins, which were one of the most popular areas of 2021, have gradually lost their influence and have become an unpopular topic compared to other parts of the cryptocurrency market today. However, there are some who predict that NFTs and NFT-related altcoins will regain popularity in the future. Santiment analysts have listed the NFT altcoins that crypto developers have focused on the most in the last 30 days. Here is the current list and developer scores of the altcoins: Decentraland (MANA) – 93.83 Flow (FLOW) – 68.17 Metaplex (MPLX) – 23.93 Enjin Coin (ENJ) – 20.9 Artificial Superintelligence Alliance (FET) – 18.93 Origin Protocol (OGN) – 18.73 Immutable X (IMX) – 17.07 Axie Infinity (AXS) – 10.2 Tensor (TNSR) – 3.73 DeFi Yield Protocol (DYP) – 2.9 Related News: Giants of the Market Speak Out: Five Big Banks Predict When US Rate Cuts Will Happen - Even Some Say Rates Will Rise When we examine the new ranking, we see that the first two places, Decentraland and Flow, maintained their places compared to last month's list. On the other hand, Enjin Coin, which was in third place, experienced a decline and was replaced by Metaplex. *This is not investment advice. Continue Reading: Once Everyone’s Favorite: Here’s What Developers Are Focusing On Most In The Forgotten Altcoin Group
UPDATE: Elon Musk backtracked on earlier claims, admitting that the Department of Government Efficiency (DOGE) is unlikely to find $2 trillion in cuts to make.