Binance has recently announced the addition of new JPY trading pairs as part of its strategy to enhance user experience in cryptocurrency trading. On January 9, 2025, at 16:00 (UTC+8),
Bitcoin climbed above the $100,000 level today as anticipation surrounding the inauguration of President-Elect Donald Trump bolstered investor sentiment.
Ethereum price extended its increase above the $3,650 zone. ETH is consolidating and aims for a fresh increase above the $3,750 resistance. Ethereum started a decent recovery wave above the $3,700 zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,750 resistance level. Ethereum Price Climbs Above $3,700 Ethereum price remained stable above the $3,550 level and extended its upward move like Bitcoin . ETH gained pace for a move above the $3,620 and $3,650 resistance levels. The bulls were able to surpass the $3,700 resistance level. It opened the doors for a move toward the $3,750 level. A high was formed at $3,742 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $3,593 swing low to the $3,742 high. Ethereum price is now trading above $3,660 and the 100-hourly Simple Moving Average . There is also a connecting bullish trend line forming with support at $3,660 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,593 swing low to the $3,742 high. On the upside, the price seems to be facing hurdles near the $3,710 level. The first major resistance is near the $3,750 level. The main resistance is now forming near $3,780. A clear move above the $3,780 resistance might send the price toward the $3,850 resistance. An upside break above the $3,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,920 resistance zone or even $4,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,660 level and the trend line. The first major support sits near the $3,620. A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 support level in the near term. The next key support sits at $3,420. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,660 Major Resistance Level – $3,750
US prosecutors in the criminal case against Do Kwon, co-founder of Terraform Labs, believe that the Terra ecosystem…
In a significant move within the cryptocurrency landscape, a prominent whale identified by the address 0x1E7 has executed a substantial transaction involving 80,000 BNB, valued at approximately $58.55 million. This
Poilievre's crypto advocacy could reshape Canada's financial landscape, promoting decentralized finance and challenging traditional banking norms. The post Canadian PM front-runner Pierre Poilievre champions crypto and DeFi, watches Bitcoin YouTube videos appeared first on Crypto Briefing .
MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy. MicroStrategy Eyes $42 Billion Capital Raise By 2027 In a filing with the US Securities and Exchange Commission (SEC), MicroStrategy disclosed that it purchased 1,070 Bitcoin tokens at an average price of approximately $94,000 on December 30 and 31, 2024. This brings the company’s total Bitcoin holdings to an impressive 447,470 BTC, acquired for around $27.97 billion at an average price of $62,503 per Bitcoin. Notably, Saylor highlighted in a social media post on X (formerly Twitter), that the company achieved a Bitcoin yield of 48% for the fourth quarter of 2024 and 74.3% for the entire fiscal year. Related Reading: XRP Eyes $11 Breakout, But A Correction Might Come First—Analyst MicroStrategy’s ambitious plans extend beyond Bitcoin acquisitions. On Friday, the firm announced its intention to raise up to $2 billion through offerings of perpetual preferred stock, which will hold seniority over its Class A common stock. This move is part of a larger strategy to raise $42 billion in capital by 2027 through various means, including at-the-market stock sales and convertible debt offerings. With more than two-thirds of its equity goals already met, the company is expected to pivot towards fixed-income markets in the near future. The demand for MicroStrategy’s stock (MSTR) has notably increased among hedge funds, which are employing convertible arbitrage strategies that involve purchasing bonds and short-selling shares. This strategy capitalizes on the volatility of MicroStrategy’s stock, a characteristic that has become a cornerstone of its business model. Benchmark analyst Mark Palmer remarked: That volatility itself is a key element of MicroStrategy’s approach because it enables the company to tap into the capital markets and particularly the convertible bond market more easily. MicroStrategy’s recent proposal to increase the number of authorized shares of Class A common stock from 330 million to 10.3 billion has sparked fears of share dilution, leading to a significant drop in the company’s stock price. MicroStrategy’s Bold Bitcoin Strategy Faces Headwinds On the day of the proxy filing in December, shares fell by as much as 9.6%. Adam Kobeissi, founder of The Kobeissi Letter, noted the dilemma faced by investors, stating: It’s a lose-lose because on one hand you have people saying that it’s dilutive and they’re selling the stock… but on the other hand you have people saying if it doesn’t pass, then they can’t keep buying Bitcoin and the whole investment strategy is kind of broken. A vote on the share increase is scheduled for January 21, 2025, and with Saylor being a significant shareholder, the amendment is expected to pass. Should it be approved, the increase in shares could lead to further volatility in MicroStrategy’s stock price as the company becomes more leveraged. Although the company has typically outperformed Bitcoin, it has faced challenges in recent months, underlining that its performance is influenced by factors beyond just cryptocurrency prices. Related Reading: Ethereum Price on the Rise: Can Momentum Fuel Bigger Gains? Despite the recent fluctuations, Palmer maintains a “buy” rating on MicroStrategy’s stock. He believes the market’s reaction to the proposed share increase has been an overreaction. “The company’s strategy has been to issue shares to make accretive Bitcoin purchases which can accrue to the benefit of shareholders,” he commented. MicroStrategy’s aggressive approach to Bitcoin acquisitions has seen it make significant purchases exceeding $1 billion in late 2024, although recent weeks have seen a slowdown in these activities amidst fluctuating Bitcoin prices. Palmer reassured investors, stating, “We’ve seen a pull forward of the company’s strategy, which is not indicative of a slowdown… it’s more a reflection of the aggressive approach that the company has taken.” At the time of writing, the market’s leading crypto is inching closer to the $100,000 milestone, trading at $99,340, up 2% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com
Victoria, Seychelles, January 7th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 platform, is excited to launch the Bitget x BIO Carnival , offering participants the opportunity to share a total of 86,000 BIO tokens. This initiative highlights Bitget’s commitment to promoting innovative blockchain projects that drive meaningful change in the biotech sector. BIO is an open network for biotech acceleration, directing funding to the most promising early-stage scientific endeavors. By leveraging its unique protocol, BIO enables patients, scientists, and biotech innovators to collectively fund, build, and own tokenized biotech portfolios. The BIO protocol fosters funding, incentives, and liquidity, catalyzing an on-chain scientific economy. Activity 1: PoolX – Lock BIO to Earn BIO Airdrops Locking Period: January 4, 2025, 06:00 (UTC) – January 14, 2025, 06:00 (UTC) Total Airdrop Pool: 54,000 BIO Participants can lock their BIO tokens during the PoolX event to receive airdrops. The campaign accommodates both large-scale and small-scale participants, with locking limits from 6 BIO to 600,000 BIO . Participants’ rewards will be determined by their proportional contributions to the total locked pool. Activity 2: CandyBomb – Deposit to Earn BIO Airdrops Promotion Period: January 4, 2025, 06:00 (UTC) – January 11, 2025, 06:00 (UTC) Total Airdrop Pool: 32,000 BIO Participants can join the CandyBomb promotion by depositing BIO tokens and increasing their futures trading volume. Airdrop rewards are calculated based on BIO net deposits and trading activities. This initiative aligns with Bitget’s efforts to engage its user base through interactive promotions and reward mechanisms, enhancing the trading experience for its community. Bitget x BIO Carnival shows the exchange’s agile approach to adopting trending tokens and its ability to cater to the evolving preferences of the crypto market. For more details, users can visit here. 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 markets, 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 Wallet For media inquiries, please contact: media@bitget.com Risk Warning: 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, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
XRP price analysts have recently turned their attention to PropiChain (PCHAIN), an innovative and revolutionary blockchain-based real estate platform. These top-rated analysts see PCHAIN as a promising alternative for investors seeking safer returns in the volatile crypto market. While the XRP price movement continues to fluctuate, PCHAIN has emerged as a standout contender, offering a unique value proposition that appeals to both seasoned investors and newcomers. With its innovative approach to tokenized real estate, PropiChain is capturing the interest of XRP price analysts, who are impressed by its potential to deliver remarkable returns of up to 12,000X. According to the XRP price analysts, PCHAIN capitalized on the stability and growth of the $600 trillion global real estate market, combined with the efficiency of blockchain technology, to offer a compelling alternative to more traditional digital assets. PCHAIN’s appeal lies in its promise of long-term stability and exponential growth potential. The XRP Price Trajectory While the XRP price has surged recently, with the asset rising by 14.7% over the last 7 days, investors are still concerned about long-term sustainability. Ripple’s collaborations with financial institutions worldwide have strengthened its reputation as a reliable digital asset. However, the XRP price has faced its fair share of challenges, including regulatory hurdles and price volatility. Despite its resilience and ongoing use cases, the XRP price movement hasn’t convinced long-term holders. These investors are increasingly exploring diversification options, and PropiChain has presented an ideal opportunity. PropiChain: A Top Contender with 12,000X Growth Potential Ahead of The XRP Price PropiChain is a blockchain-powered real estate platform that uses new-generation technologies to power the future of the global real estate market. The platform is a relatively new entrant in the crypto space and has been gaining traction for its unique value proposition. Designed as a decentralized platform for real estate tokenization, PropiChain aims to bridge the gap between traditional property markets and blockchain technology. By enabling fractional ownership of real estate assets, the platform offers investors access to high-value properties without the substantial capital typically required. This innovative model democratizes real estate investment and introduces a layer of stability often absent in the crypto market. Real estate is historically considered a “safe-haven” asset, and PropiChain’s blockchain integration ensures transparency, security, and transaction efficiency. Top XRP price analysts have pointed out that PCHAIN’s dual focus on stability and innovation makes it a compelling choice for risk-averse investors. While XRP continues to offer utility in financial systems, its price remains subject to external factors like regulatory developments. PCHAIN, on the other hand, provides a hedge against such uncertainties through its asset-backed approach. Integrating blockchain with real estate has long been touted as the next big thing, but no platform has managed to execute it effectively like PCHAIN. The platform’s clear roadmap and tangible use cases give it an edge that’s hard to ignore The 12,000x Edge: What Sets PCHAIN Apart? The claim of a potential 12,000x edge stems from PCHAIN’s strategic positioning in two high-growth markets: blockchain technology and the $600 trillion real estate. Here’s a breakdown of the factors contributing to this significant potential: Real-World Asset Backing Unlike many crypto assets like XRP price that rely solely on market speculation, PCHAIN is backed by tangible real estate assets. This real-world backing provides a cushion against extreme price swings and enhances investor confidence in the asset. Fractional Ownership PropiChain’s fractional ownership model allows small and medium-sized investors to participate in lucrative real estate markets that were previously out of reach. This inclusivity expands the investor base and boosts demand for PCHAIN, the platform’s utility token. Global Accessibility The platform’s decentralized nature ensures accessibility for investors worldwide. With blockchain’s inherent transparency, PCHAIN eliminates geographical and bureaucratic barriers typically associated with real estate investments. PropiChain’s Technological Innovation to Power the Future of Real Estate PCHAIN uses cutting-edge technologies like artificial intelligence (AI), the Metaverse, real-world asset (RWA) tokenization, and smart contracts to transform the global real estate industry. With AI-powered tools such as virtual assistants and chatbots, the platform offers investors round-the-clock support, ensuring a seamless experience throughout their investment journey. Its AI-driven market analysis features deliver predictive insights into emerging market trends, empowering investors with the knowledge to make strategic investment decisions. PropiChain enables virtual property tours through state-of-the-art 3D visualization technology by incorporating the Metaverse. This approach eliminates physical visits, creating a borderless, global marketplace where buyers and sellers can connect, interact, and complete transactions effortlessly. PCHAIN’s RWA tokenization technology transforms real estate assets into digital tokens, paving the way for fractional ownership of premium properties. This innovation significantly lowers financial barriers, making real estate investment more accessible and inclusive for a broader audience. The platform’s smart contracts also streamline property management by automating property leasing and lease renewals. By cutting out intermediaries like brokers and leasing agents, real estate investors can manage their properties more efficiently while reducing operational costs. Conclusion For these XRP price analysts, PropiChain offers crypto enthusiasts a glimpse into the future of crypto investments. With its unique blend of blockchain technology and real estate, PCHAIN is well-positioned to deliver safer returns and achieve its touted 12,000x edge. According to the analysts, your $1000 investment in the ongoing PCHAIN presale would yield over $328,432 in profit before the end of Q1 2025. The project raised over $1.3 million during its first token presale and has crossed the $640,000 mark in the ongoing second presale round, which shows investor confidence in PCHAIN’s profit potential. After this presale round, the token price will rise by over 109% for the final presale round. Join the PCHAIN presale now for life-changing gains and a low entry price. The token is listed on CoinMarketCap , a sign of the project’s mission to take the crypto space by storm. BlockAudit , a top-rated blockchain security company, audited the PCHAIN smart contract and found no vulnerability. For more information about PropiChain presale: Website : PropiChain Join Community : https://linktr.ee/propicha
The cryptocurrency market is experiencing a surge in activity as Ethereum (ETH) continues its upward trajectory, leading to increased interest in trending Ethereum-based tokens. Meanwhile, Ripple (XRP) has surpassed the $3.5 mark, reinforcing its position as a major player in the crypto landscape. This bullish environment has also sparked interest in Lightchain AI , a new project that has raised over $8.5 million in its presale, priced at $0.004875 per token. Ethereum’s Price Surge and the Growing Demand for ETH-Based Tokens Ethereum (ETH) has had a big jump in price lately, caused by a few main reasons. Interest from large groups has gone up a lot, with much money coming into Ethereum spot ETFs. For example, U.S.-listed Ethereum ETFs got $428 million in net money on December 5, 2024 showing more trust among large investors. Also, Ethereum’s lead in the money without a middleman (DeFi) area keeps pushing up need. The system’s job in changing real-world items into tokens, a market worth about $100 trillion, makes it even more attractive. Ethereum now has a strong 81% share of the market͏ in tokening which shows its key part in the future of block chain tech. These changes have not just raised Ethereum’s market size but have also increased interest in ETH tokens, showing the platform’s growing power in the crypto world. Ripple Surpasses $3.5, Attracting Renewed Interest from Investors Ripple’s XRP has recently surpassed the $2.45 mark, attracting renewed interest from investors. This surge is partly due to significant accumulation by large holders, known as whales, who have purchased over 40 million XRP tokens, indicating strong confidence in the asset’s potential. Analysts suggest that if XRP maintains its current momentum, it could target the $3.5 price level, a significant resistance point near its all-time high. This optimism is further supported by increased network activity and positive developments in Ripple’s legal battles, which have historically influenced XRP’s price movements. As the cryptocurrency market evolves, XRP’s recent performance underscores its resilience and the growing investor confidence in its future prospects. Lightchain AI Promising Contender for the Next Blockchain Revolution Lightchain AI is transforming the blockchain landscape by integrating advanced artificial intelligence (AI) to redefine decentralized applications and governance. At the heart of Lightchain AI’s architecture is the Artificial Intelligence Virtual Machine (AIVM), designed to optimize AI-specific tasks, paired with a groundbreaking Proof of Intelligence (PoI) consensus mechanism that not only secures the network but also rewards AI computations. With enhanced scalability achieved through sharding and Layer 2 solutions, the platform is built to support high-speed operations seamlessly. In terms of data security, Lightchain AI leverages Zero-Knowledge Proofs (ZKPs) and Homomorphic Encryption to safeguard sensitive information during computations, ensuring user privacy. These capabilities position Lightchain AI as a groundbreaking force in the blockchain sector, poised to drive innovation and adoption. Tweets by LightchainAI https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://t.me/LightchainProtocol