The NFT collection CyberKongz said the Securities and Exchange Commission (SEC) will likely charge it. In a post on X on Monday, the collection said it received a Wells Notice, a letter from the SEC staff that recommends an enforcement action. It commented that the SEC is trying to pull through its laws before Joe Biden’s administration is over. CyberKongz: “We Will Not Be Silenced” In a recent post on X, CyberKongz revealed that it received a Wells Notice. A Wells Notice is a formal letter from the SEC staff notifying a company that the staff intends to recommend an enforcement action. CyberKongz has received a Wells Notice from the SEC. We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a brighter future that holds more clarity for NFT projects. We have been suffering in silence for the last… pic.twitter.com/lc6hyzUPb0 — CyberKongz (@CyberKongz) December 16, 2024 In a statement, the NFT collection said it was disappointed with the approach of the SEC and vowed to stand up for and fight for greater clarity in the NFT space. The collection shared that, for the past two years, it remained silent in response to SEC inquiries. The SEC was concerned that combining an ERC-20 token with a blockchain game could be considered a security. It also mentioned that the SEC raised concerns about its business with Genesis Kongz in April 2021, describing it as a “contract migration.” It said: “They cannot distinguish between a primary sale and a contract migration. What hope do we have for a clear regulatory pathway moving forward?” CyberKongz added it intends to fight for clearer crypto regulation , particularly regarding NFT projects. Eyeing Trump’s Crypto-Friendly Stance The NFT collection has been vocal about the current administration, which it claims is anti-crypto in its approach. Just recently, as the US Senate Banking Committee was preparing to vote on SEC Commissioner Caroline Crenshaw’s renomination , lawyer Bill Hughes raised concerns about her stance on cryptocurrency regulation. Hughes argued that her renomination one could see as politically hostile to the crypto industry. This stands in contrast to the increasing support for crypto-friendly policies under the incoming administration. CyberKongz is optimistic that the new administration will provide a more level playing field with a more just regulatory framework. In the meantime, the team comited to support all NFT projects on every blockchain platform. In the past year, the SEC has acted against several cases related to NFTs. This includes lawsuits against podcast studio Impact Theory and Stoner Cats 2 LLC over unregistered NFT offerings that raised millions. The commission also doled out a Wells Notice to NFT marketplace OpenSea, signaling potential enforcement action. It is up to wait and see how this enforcement will unfold in the transition of the commission’s leadership. The current SEC Chairman Gary Gensler announced his departure on January 20, in concert with the inauguration of President-elect Donald Trump. Trump has named former SEC Commissioner Paul Atkins , considered friendlier to the crypto industry, as the head of the SEC. The post CyberKongz Receives Wells Notice from SEC, Vows to Fight for NFT Clarity appeared first on CoinGape .
Trump’s Bitcoin Reserve could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Bitcoin Reserve (TRUMPRES), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPRES is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump’s Bitcoin Reserve can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump’s Bitcoin Reserve could become the next viral memecoin. Trump’s Bitcoin Reserve launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump’s Bitcoin Reserve on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Bitcoin Reserve by entering its contract address – 2GxwMgJnqbDuDec9gMVNfN2n8eVf7ks1EUv1RZSCLNm1 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRES. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to leverage borrowed funds as investments backed by digital assets like Bitcoin or national currencies as collateral, was issued without a Target Market Determination (TMD). A TMD ensures that financial offerings are appropriately targeted to consumers based on their needs and circumstances. ASIC argued that Bit Trade offered the product to more than 1,100 Australian clients without this document in place. Between October 2021 and August 2023, 1,163 customers paid over $12 million in fees and interest for the product, with the total number of users likely higher as it remained available until August 2024. Justice John Nicholas, who delivered the penalty decision , emphasized the severity of Bit Trade’s rule-breaking, stating they were “serious and motivated by a desire to maximize revenue.” He criticized the company for not addressing compliance issues until the regulator raised concerns, calling its system “seriously deficient.” The financial watchdog reported that people lost a combined $7.85 million due to the product, with one investor losing nearly $6.3 million. On top of the fine, Bit Trade was ordered to cover ASIC’s legal costs. Regulatory Implications and Industry Reactions ASIC Chair Joe Longo described the ruling as a pivotal decision that shows the importance of TMDs in protecting consumers from harmful financial offerings. Longo stated, “This significant outcome is a reminder for digital asset firms to consider their regulatory compliance obligations.” He added that many virtual currency products fall under existing laws and must be designed and marketed responsibly to safeguard Australian investors. Meanwhile, a Kraken spokesperson expressed disappointment with the court’s ruling, calling for tailored cryptocurrency legislation to address the regulatory uncertainty facing the sector. The company previously criticized the existing rules after the court ruled against Bit Trade in September, stating that the judgment revealed inefficiencies in the country’s crypto regulations. Kraken voiced support for updates to current laws but raised concerns about delays in implementing such changes. The Australian regulator recently began consultations with the crypto industry to refine its approach. The body is seeking input on updates to its digital asset guidance, including clarifying when such assets fall under current rules. Meanwhile, opposition treasury and financial services spokesperson Luke Howarth accused the government of leaving the sector in “regulatory limbo.” He argued that ASIC’s actions risk preempting comprehensive legislative reforms, potentially slowing growth in the Australian crypto market. The post Australian Court Fines Kraken $8M Over Unauthorized Margin Lending Product appeared first on CryptoPotato .
FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also act as the debut distribution record for creditors within the plan’s convenience categories. In the
Binance is set to revolutionize the meme coin landscape with its upcoming listings of CAT and PENGU tokens this December 17. The announcement has not only sparked excitement within the
Members of the Own the Doge DAO will vote in the coming weeks to potentially bestow official IP status on one of many Neiro meme coins.
Recent data reveals a substantial surge in whale activity on the Cardano (ADA) network. Analyst Ali Martinez reported 687 transactions exceeding $1 million within 24 hours, signaling strong interest from large investors. This influx of capital reflects growing confidence in ADA’s future growth as Cardano price eyes a potential rally to $2. Concurrently, Charles Hoskinson, the founder of Cardano, reaffirmed the importance of a community-driven ecosystem, stating that the cryptocurrency is approaching a milestone that could make it unstoppable in 2025. Cardano Whale Transactions Surge as Charles Hoskinson Highlights ADA’s Growth Analyst Ali Martinez highlighted a sharp rise in ADA whale activity, with 687 transactions exceeding $1 million recorded within 24 hours. This activity marks a significant influx of institutional capital into Cardano. In the preceding 48 hours, whales purchased over 80 million ADA tokens, valued at $85.6 million. Source: X More so, the trend follows consistent accumulation patterns observed earlier in the month. The large investors buying spree reinforces the ADA whales confidence in ADA’s long-term potential. Such large-scale accumulations by whales often signal an upcoming Cardano price rally as buying pressure increases and investor confidence grows. Additionally, Charles Hoskinson commented on the network’s future, emphasizing that Cardano’s vision is to be governed by its users. He outlined two critical milestones, ratifying the community budget and the constitution. The Cardano founder believes these milestones will establish Cardano as a leading crypto in 2025. Hoskinson emphasized, “We are at a very critical inflection point where that dream is almost a reality. It’s my life’s work to see Cardano grow to this point. In 2025, we will see it through.” Market Outlook: Can Cardano Price Reach $2? Following the recent surge in whale activity, Cardano price experienced a modest rise, increasing 3% in 24 hours to $1.09. Trading volume saw a significant spike, rising 81% to $1.66 billion, indicating strong market participation. Cardano’s market cap currently stands at $38.44 billion, reflecting investor confidence amidst ongoing accumulations. Consequently, Cardano price saw a 45% increase over the past month. Moreover, the 4-hour Moving Average Convergence Divergence chart analysis indicates a bullish trend. This is evident as the MACD line starts to cross above the signal line, signaling an upward momentum. Additionally, the histogram bars are transitioning from red to green, which reflects strengthening buying pressure. Analysts project potential ADA prediction targets of $1.46, $1.76, and $2.04 if bullish conditions persist. However, a drop below the $1.00 support level could disrupt this outlook. ADA price targets suggest gains of up to 92% from current levels, with $2.04 identified as a critical resistance point. The post Can Cardano Price Rally To $2 As ADA Whale Activity Surges? appeared first on CoinGape .
The cryptocurrency market continues to be heavily influenced by Bitcoin’s recent all-time high, with Ethereum struggling to follow suit. Despite Ethereum’s proximity to $4,000, market manipulation by major players raises
Bitcoin ETFs are attracting significant investments from various sources. Surpassing 1 million BTC signifies Bitcoin's market maturity. Continue Reading: Bitcoin ETF Investments Drive Significant Demand for Bitcoin The post Bitcoin ETF Investments Drive Significant Demand for Bitcoin appeared first on COINTURK NEWS .
Key takeaways : Chainlink could reach a maximum value of $20.23 in 2024. By 2027, LINK could reach a maximum price of $68.24. In 2030, Chainlink will range between $161.94 to $198.68. Chainlink (LINK) has emerged as a prominent player in the cryptocurrency market. It provides a decentralized oracle network that connects smart contracts with real-world data. As the adoption of decentralized finance (DeFi), and blockchain technology continues to grow, Chainlink’s innovative solutions have attracted significant attention from investors, and developers alike. Chainlink continues to expand its reach, and utility across the blockchain ecosystem, showcasing its robust integration capabilities. Recent updates highlight 14 new integrations of 5 Chainlink services across 10 different blockchain platforms, including prominent names like Arbitrum, Avalanche, and Ethereum. These integrations not only enhance Chainlink’s network but also solidify its position as a critical player in decentralized applications’ interoperability and functionality. Understanding Chainlink’s potential price movements involves analyzing market trends, technological advancements, partnerships, and overall market sentiment. This chainlink price history prediction aims to provide insights into its future performance by examining technical analysis, and fundamental aspects that could influence its value. Overview Cryptocurrency Chainlink Token LINK Price $21.67 Market Cap $13.60B Trading Volume $6.81B Circulating Supply 626.85M LINK All-time High $52.88 May 09, 2021 All-time Low $0.1263 Sep 23, 2017 24-hour High $21.81 24-hour Low $18.48 Chainlink price prediction: Technical analysis Metric Value Price prediction $17.28 (-12.47%) Volatility 16.58% 50-day SMA $13.38 14-day RSI $13.38 Sentiment Bullish Fear & Greed Index 80 (Etreme Greed) Green days 18/30 (60%) 200-day SMA $13.06 Chainlink (LINK) price analysis: LINK maintains bullish momentum above $30 LINK price analysis reveals high-profile wallet purchases have driven LINK’s surge. Glassnode data shows rising LINK momentum. LINK has the potential to reach $60 amid bullish sentiment. Chainlink price analysis on 16th December shows LINK has seen impressive upward momentum, pushing past the critical $30 level for the first time in nearly two years. The cryptocurrency recently surged over 5%, supported by strong institutional interest, including notable investments from Donald Trump’s affiliated wallet. The price has risen more than 40% in the last week alone, and its current position above the $30 mark sets the stage for possible further upside, with $34 identified as the next key resistance level. Fundamental and technical factors, including increased active addresses and a record-high futures open interest, back this surge. Chainlink daily chart analysis: LINK tests resistance at $30.0 The Chainlink (LINK) daily chart reveals a significant test of the $30.0 resistance level as the cryptocurrency continues its bullish trend that began in late October. Currently, LINK is trading at $29.431 after reaching a high of $30.812. This level is critical because it is the highest price point in nearly two years. The exponential moving averages (EMAs) — 20, 50, 100, and 200-day — all trend upwards, with the 20-day EMA ($24.387) providing robust support beneath the current price. This alignment of EMAs below the price accentuates a strong bullish sentiment in the market. Chainlink daily chart analysis: LINK/USD tests resistance at $30.0 Regarding technical indicators, the Relative Strength Index (RSI) is currently at 71.21, which suggests that LINK is overbought. However, the persistence of the RSI in this region indicates strong buying interest that has sustained the price above $25 for several sessions. The Moving Average Convergence Divergence (MACD) also reflects ongoing bullish momentum, with the MACD line well above the signal line and the zero mark, further corroborating the strength of the current uptrend. As LINK approaches the crucial $30 resistance level, the market’s reaction in the upcoming sessions will be pivotal. If LINK can sustainably breach this level, it may open the path towards higher resistance levels, potentially around $35. On the flip side, if the price fails to maintain its position above $30 and retreats, the 20-day EMA will serve as the primary support to watch. A break below this moving average could indicate a shift in market sentiment, possibly leading to a deeper correction towards the 50-day EMA ($19.696). Chainlink 4-hour chart analysis: LINK shows signs of consolidation The four-hour chart for Chainlink (LINK) indicates a period of consolidation as the price moves within the narrow range defined by the Bollinger Bands. Currently, LINK is trading near the middle band at $29.183, which often acts as a dynamic level of support or resistance. The recent price action shows LINK oscillating around this middle band, suggesting an indecisive market sentiment. The upper and lower bands are positioned at $29.399 and $27.927, respectively, providing the immediate boundaries for potential price movements. Chainlink 4-Hour Chart Analysis: LINK/USD Shows Signs of Consolidation The Relative Strength Index (RSI) in this timeframe is at 55.81, signaling a neutral momentum without a clear directional bias. This level of the RSI, positioned near the midpoint of the range, supports the ongoing consolidation phase, as neither overbought nor oversold conditions are currently present. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below the signal line, indicating a potential slowdown in bullish momentum. However, the proximity of the lines and the slight histogram below zero suggest that any downward movement may be limited. What to expect from Chainlink price analysis Given the current technical setup, LINK traders should watch for a break above or below the Bollinger Bands to signal the next significant price move. A break above the upper band might indicate strengthening bullish momentum, potentially pushing LINK towards higher resistance levels. Conversely, a break below the lower band could signal a bearish turn, leading to tests of lower support levels. The next resistance level to watch is $30, potentially higher if the bullish momentum continues. Conversely, should LINK experience a significant pullback, the 20-day EMA around $24.38 will be crucial support to observe, which could stabilize the price and provide a rebound opportunity. Chainlink technical indicators: levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 16.12 BUY SMA 5 $ 16.87 BUY SMA 10 $ 17.07 BUY SMA 21 $ 15.82 BUY SMA 50 $ 13.38 BUY SMA 100 $ 12.29 BUY SMA 200 $ 13.06 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 15.36 BUY EMA 5 $ 14.24 BUY EMA 10 $ 12.98 BUY EMA 21 $ 12.14 BUY EMA 50 $ 11.69 BUY EMA 100 $ 12.00 BUY EMA 200 $ 12.81 BUY Is Chainlink a good investment? Chainlink (LINK) is a decentralized oracle network crucial in connecting real-world data to blockchain systems. It has gained significant traction, forming strong partnerships and expanding its presence in areas like decentralized finance (DeFi) and tokenized assets. While it holds promising long-term potential and recent trends suggest a bullish outlook, it’s important to remember that the cryptocurrency market is highly unpredictable. If you’re considering investing, research thoroughly and carefully weigh the risks. Will Chainlink recover? Chainlink’s price has declined recently, with minor short-term recoveries; however, the move is gradual. The general trend remains bearish as it seeks support. Will Chainlink reach $50? Based on long-term forecasts, Chainlink (LINK) is projected to reach $50 by 2028 as its ecosystem and user adoption continue to grow. Will Chainlink reach $100? Chainlink can reach $100 in the year 2030 in price predictions. Does Chainlink have a good long-term future? Chainlink shows some stabilization, and potential for recovery, indicating the token may have a promising long-term future. Recent news/opinion on Chainlink Chainlink has announced that its cross-chain interoperability standard is now live on BackedFi, enabling seamless bToken transfers across five chains and enhancing tokenized real-world assets with greater utility, liquidity, and interoperability. Coinbase integrates Chainlink’s CCIP into Project Diamond, enhancing data security and compliance for institutions regulated by Abu Dhabi Global Market. The #Chainlink standard for cross-chain interoperability is now live on @BackedFi , enabling the transfer of bTokens across five chains. Backed is now leveraging CCIP, PoR, & Data Feeds to level up its tokenized RWAs with increased utility, liquidity, and interoperability. https://t.co/jkYhDPwa9P — Chainlink (@chainlink) December 2, 2024 Chainlink announces that 21X, Europe’s first tokenized securities trading & settlement system, is adopting the #Chainlink standard. This integration will use Chainlink’s Price Feeds to support 21X’s trading engine and the Cross-Chain Interoperability Protocol (CCIP) to link the system to various assets across the on-chain economy. We're excited to announce Europe’s first tokenized securities trading & settlement system—21X ( @tradeon21x )—is adopting the #Chainlink standard. Price Feeds will underpin 21X’s trading engine & CCIP will connect it to assets across the onchain economy: https://t.co/ACGrBKuduL pic.twitter.com/BYKSBGUFp8 — Chainlink (@chainlink) December 2, 2024 Chainlink price prediction December 2024 For December, Chainlink is primed for notable growth. The minimum projected trading price is $21.88, with an average of around $32.07. LINK is expected to attain a peak price of $48.26. Chainlink Price Prediction Potential Low Average Price Potential High Chainlink price prediction December 2024 $21.88 $32.07 $48.26 Chainlink price prediction 2024 The market price for LINK is expected to reach a maximum of $20.23 in 2024. However, traders can expect a minimum trading price of $17.79 and an expected average trading price of $19.67. Chainlink Price Prediction Potential Low Average Price Potential High Chainlink price prediction 2024 $17.79 $19.67 $20.23 Chainlink price prediction 2025-2030 Year Minimum Average Maximum 2025 $26.24 $27.22 $33.22 2026 $39.23 $40.32 $46.05 2027 $55.85 $57.46 $68.24 2028 $79.01 $81.88 $96.30 2029 $114.88 $118.98 $138.17 2030 $161.94 $167.89 $198.68 Chainlink price prediction 2025 In 2025, Chainlink is expected to reach a maximum value of $$33.22, a minimum price of $26.24, and an average value of $27.22. Chainlink price prediction 2026 In 2026, LINK’s average price is expected to be $40.32; its minimum and maximum trading prices are predicted to be $39.23 to $46.05, respectively. Chainlink price prediction 2027 The price of Chainlink is predicted to reach a minimum level of $55.85 in 2027. LINK can reach a maximum level of $68.24, and an average price of $57.46. Chainlink price prediction 2028 The Chainlink price prediction for 2028 suggests a minimum price of $79.01, a maximum price of $96.30, and an average forecast price of $81.88. Chainlink price prediction 2029 In 2029, Chainlink prediction expects LINK to reach a maximum value of $138.17, a minimum price of $114.88, and an average value of $118.98. Chainlink price prediction 2030 The price of Chainlink is predicted to reach a minimum value of $161.94 in 2030. Investors can anticipate a maximum price of $198.68 and an average trading price of $167.89 if the bulls hold position. LINK price history Chainlink market price prediction: Analysts’ LINK price forecast Firm 2024 2025 Gov.Capital $11.945 $12.203 DigitalCoinPrice $48.01 $56.48 CoinCodex $20.02 $30.92 Cryptopolitan’s Chainlink price prediction According to our Chainlink price forecast, the coin’s market price might reach a maximum value of $20.23 by the end of 2024. In 2026, the value of LINK could surge to a maximum price of $46.05. Chainlink’s historic price sentiment Chainlink price history Chainlink launched at around $0.20, staying mostly under $1 throughout 2018, with moderate market cap growth. In 2019, LINK saw substantial growth, reaching $1 in May and peaking around $3 by year-end, driven by its utility in providing reliable data feeds for smart contracts. 2020 marked a breakout year as LINK surged from $2 to $20 by August, fueled by DeFi demand. In 2021, it reached an all-time high of around $52 in May but dropped to $22 by mid-year due to market volatility. In 2022, LINK ranged between $15 and $25 amid broader market corrections. In 2023, it further declined, stabilizing in the $6 to $13 range as investor sentiment cooled. Starting 2024 at $15, LINK briefly spiked to $18 in February before falling to $12 by April. The coin’s price has fluctuated throughout 2024, peaking near $15 in May, dropping to around $10 by August, and stabilizing between $10 and $12.28 in October. In November, LINK is trading within the range of $10.68 to $11.94. In December, LINK is trading within the range of $18.20 to $21.53.