Sonic SVM has launched an innovative initiative to engage TikTok users with the airdrop of SONIC tokens, facilitating their entry into the Solana-based Web3 ecosystem. This unique approach utilizes account
Last week, cryptocurrency ETFs experienced significant outflows while Bitcoin and Ethereum prices dipped, yet these products managed to end the week positively. Despite a remarkable 90% drop in inflows, speculative
The crypto market is experiencing a significant downturn, which follows a notable surge, raising questions about the future trajectory of digital assets. This volatility comes amid macroeconomic uncertainties and shifting
Crypto ETFs saw substantial outflows last week while Bitcoin and Ethereum prices dipped, but such products still ended the week in the green.
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The Rise of Utility Coins: Ethena & Web3Bay Take the Lead as Crypto Whales Divest from GOAT With a staggering 85% of major retailers now accepting cryptocurrencies, there’s a seismic shift happening. Trump’s recent victory is poised to accelerate crypto adoption further, with savvy investors moving their focus to utility tokens, sidelining meme coins like GOAT. Web3Bay is at the forefront, revolutionizing decentralized e-commerce by empowering users with control over their data and transactions through cutting-edge blockchain technology. Its 3BAY token isn’t just for purchases—it also grants governance rights, giving the community significant sway over the platform’s direction. By supporting both cryptocurrency and mainstream options like PayPal, Web3Bay is bridging the old and new financial worlds, attracting a wide user base. Starting with a presale price of just $0.003 per token, Web3Bay teases a thrilling 6000% ROI as it progresses through 28 pricing stages. Volatility Strikes Goatseus Maximus (GOAT) The AI-enhanced meme coin, Goatseus Maximus (GOAT), is riding a rollercoaster of market fluctuations. After hitting a high of $0.88 post-Binance listing, it has tumbled roughly 32% from that peak. A 48% drop in trading volume in just two days hints at upcoming price adjustments—a common trend in the volatile crypto market. Current technical metrics show the Relative Strength Index (RSI) nearing 70, exiting the overbought zone, signaling possible sell-offs and a forthcoming price dip. Despite these tremors, GOAT holds a market cap near $448 million with almost 1 billion coins circulating. Ethena’s (ENA) Robust Market Performance Ethena is making waves with a 6.19% rise in the last 24 hours and a whopping 44.18% increase over the week, pushing its price to $0.916. This growth spurt has boosted its market cap to an impressive $1.47 billion, with 2.8 billion ENA tokens in circulation. This bullish run is partly fueled by the announcement of a new stablecoin project, UStb (USTB), a collaboration between Ethena Labs, BlackRock, and Securitize, aiming to launch a stablecoin backed by a tokenized BlackRock fund. This adds substantial credibility and allure, enticing more investors. Technical patterns suggest ENA might be on the cusp of breaking out from a bearish downtrend. Why Web3Bay is Set to Revolutionize E-commerce with Over 6000% ROI Potential Web3Bay is on track to revolutionize the online shopping world, potentially outpacing giants like Amazon as it harnesses the explosive growth of cryptocurrency adoption. Unlike the usual e-commerce platforms, Web3Bay operates on a completely decentralized blockchain platform, ensuring that every user has total control over their data, privacy, and money. This revolutionary model is transforming online shopping for those who value tight security and clear transparency in their buying experiences. At the heart of Web3Bay is the dynamic 3BAY token, which does a lot more than just handle payments. It unlocks access to exclusive discounts, enticing rewards, and crucial governance rights, putting the community in charge of the platform’s future. Web3Bay also cleverly merges traditional payment methods like PayPal with cryptocurrency, catering to a broad spectrum of shoppers. Web3Bay’s presale is now live, offering the 3BAY token for just $0.003, with an expected price surge of 15% at each of the 28 stages. Projected to soar to $0.1959 by the final stage, early investors could see a staggering ROI of over 6000%. As cryptocurrencies become mainstream, Web3Bay is setting itself up as the definitive future of shopping, combining an unbeatable mix of incentives, security features, and user-driven innovation. Wrapping Up As the tide turns towards tokens with genuine utility, Web3Bay is capturing the spotlight with its revolutionary approach to e-commerce. While GOAT wrestles with market instability and Ethena secures powerful partnerships, Web3Bay stands out for its commitment to user empowerment, security, and seamless integration of crypto and traditional payment systems. Built on a foundation of decentralization, Web3Bay offers governance rights, exclusive perks, and a transparent, privacy-focused shopping experience. Its presale, aimed at cultivating a dedicated base of early supporters, promises a potential 6000% ROI, setting the stage for a transformative impact on digital commerce. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
This is a segment from the 0xResearch newsletter. To read full editions, subscribe . “You either die a hero, or you live long enough to see yourself become the villain.” — Harvey Dent For Hyperliquid, it took all of 25 days since its highly acclaimed airdrop to run into a bout of controversy. It started when Taylor Monahan ( @tayvano ), a security researcher at MetaMask, sounded the alarm on a series of Hyperliquid transactions made from North Korea-tagged wallets. Based on Monahan’s data, the wallets have accrued a $701k loss from ETH perps positions. It’s a meager amount for a state-sponsored hacker group. But what got people in an uproar was the revelation that North Korea hackers were actively familiarizing themselves with the Hyperliquid platform, presumably to launch an impending hack. Hyperliquid chain’s highly centralized validator set of four made it extra vulnerable to a potential hack, Monahan claims. There are no more than 4 validators and all run the same code, possibly collocated as well. Centralized infra, build systems, etc. maintained and accessed by unknown number of founders, c-levels, and engjneers who use the same devices to access said systems as they do to talk to… — Tay 💖 (@tayvano_) December 23, 2024 Hyperliquid’s liquidity is locked in a lock-and-mint style bridge from Arbitrum, where Hyperliquid used to exist as a perps DEX application. When Hyperliquid migrated to its own Tendermint -consensus PoS L1 chain in March 2024, the team retained the lock-and-mint style bridge from Arbitrum, which remains the only way to onboard onto Hyperliquid today. Based on Dune, the deposit bridge has seen a record high net outflow of $114.7m in USDC liquidity in the past day, though that is still a fraction of the remaining $2.22b in TVL. Source: Dune Talks of a Hyperliquid hack are merely speculative at this time, but if one happened, here’s a rough sketch of how it would play out. Everyone wanted Hyperliquid to respond to the allegations of an impending hack, so here it is. TDLR: there is no exploit, all funds are safu. If a vulnerability is found, the team is always willing to listen as they have a bug bounty program. pic.twitter.com/VHYeUogvxs — steven.hl (@stevenyuntcap) December 23, 2024 To successfully attack Hyperliquid’s bridge contract would require three out of its four validators to be compromised, as per a two-thirds quorum. Should that happen, the natively minted USDC on Arbitrum could theoretically be frozen by Circle before the hackers were able to swap the stolen funds into an uncensorable asset like ETH. That, however, requires Circle to act on issued court orders, a tedious and slow legal process that may offer the time sophisticated hackers need to execute an exit. The hacker may instead choose to try and swap to USDC.e (Ethereum-native USDC tokens that were bridged to Arbitrum) onto the Ethereum L1. “The only plausible path that would enable the Arbitrum security council as a line of defense would be if the hackers attempted to withdraw the funds through the canonical bridge, likely after swapping to ETH,” Matt Fiebach at Entropy Advisors told Blockworks. “In this scenario, the elected Arbitrum Security would need to make the decision of whether effectively blocking this transfer was within their scope of ‘addressing critical risks associated with the Arbitrum protocol and its ecosystem’.” Finally, it’s also worth noting that a hacker would have trouble finding the necessary liquidity venues to swap out of the stolen funds. $2 billion of liquidity would have to be spread across a variety of third-party bridges, which would cause massive slippages. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.
The largest publicly-traded corporate holder of Bitcoin ( BTC ) just added three new seats to its board of directors. In a new filing with the U.S. Securities and Exchange Commission (SEC), enterprise software company MicroStrategy says the number of its board members has increased to nine. “On December 20, 2024, the Board of Directors (the ‘Board’) of MicroStrategy Incorporated (the ‘Company’), upon recommendation from the Nominating Committee of the Board, expanded the size of the Board from six to nine members.” The firm says the board elected Meridian Capital Group CEO and former Acting Comptroller of the Currency Brian Brooks, Brown University chief investment officer Jane Dietze and Fanatics Holdings chief legal officer Gregg Winiarski as new members. Brooks, Dietze and Winiarksi will be eligible to receive equity awards under the MicroStrategy Incorporated 2023 Equity Incentive Plan. They are also entitled to compensation and other personal benefits for non-employee directors. MicroStrategy expanded the size of its board as it continues to stockpile Bitcoin. Earlier this month, the company bought an additional 15,350 BTC. The acquisition brings MicroStrategy’s total Bitcoin holdings to 439,000 BTC valued at around $41 billion based on the flagship cryptocurrency’s current price of $94,451. The firm’s co-founder, Michael Saylor, says Bitcoin is emerging as the “world’s reserve capital network”. He says the US should accumulate BTC to cement its global financial dominance. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post MicroStrategy Expands Board of Directors, Adds Former Acting Comptroller of the Currency Brian Brooks and Others appeared first on The Daily Hodl .
The post XRP Lawsuit News: Expert Reveals if Atkins Will Dismiss The Case appeared first on Coinpedia Fintech News The XRP lawsuit against Ripple has important court dates coming up. The U.S. Court of Appeals has set deadlines for the case. Ripple must submit a mediation questionnaire by December 23, 2024, and an opening brief by March 6, 2025. Ripple must respond to the brief by April 7, 2025. However, a potential U.S. government shutdown could cause delays in the case. Ripple is still hopeful the case might be dropped, but some critics, like former SEC official John Reed Stark, believe the Ripple ruling creates confusion. He thinks it doesn’t protect retail investors enough and could affect how cryptocurrency companies argue their tokens aren’t securities. However, XRP enthusiasts are confused and eager about how long the case might continue. Former SEC lawyer Marc Fagel wrote on social media, “The appeal will continue for now, and that process takes about a year. But there is the possibility that a new administration decides to move to dismiss the appeal. That’s not something I recall happening before, but it’s possible and maybe likely.” Stark also warns of a major clash between Trump’s administration and Gary Gensler’s SEC picks. Stark describes Gensler’s recent promotions as part of a “deep state crusade” to secure influence before leaving office. Stark predicts that Atkins’ team will move quickly to dismantle crypto investigations. SEC Prepares For A Shutdown? On December 13, 2024, the SEC’s Division of Corporation Finance issued guidance to help companies prepare for a possible shutdown.A government shutdown could make the legal case more complicated, causing delays in decisions and adding pressure on everyone involved. The SEC’s delayed responses might give Ripple more time to prepare its defense, but it could also postpone a final decision on XRP’s regulatory status.
Apple is on fire. The company is closing in on a historic $4 trillion valuation, riding a wave of investor excitement over its long-overdue artificial intelligence (AI) upgrades. A 16% stock surge since early November has added $500 billion to its market cap, putting Apple leagues ahead of competitors Nvidia and Microsoft in the race to hit this insane milestone. At $3.85 trillion, Apple’s worth is so massive it overshadows the combined value of Germany and Switzerland’s entire stock markets. This rally is powered by what analysts are calling an “iPhone supercycle,” driven by AI integrations that promise to rejuvenate sluggish iPhone sales. Investors are betting big that these upgrades will spark a new wave of consumer demand. “Artificial intelligence is the magic word here,” said Tom Forte of Maxim Group. But Apple’s slow approach to AI has left many wondering if the company is playing catch-up. Apple’s AI strategy finally takes shape For years, Apple has been accused of sleeping on AI while its rivals ran ahead. Nvidia, for instance, has seen its stock explode by over 800% in just two years, while Apple’s shares merely doubled. But the tide may be turning. In December, Apple finally rolled out OpenAI’s ChatGPT integration into its devices, following its June announcement to infuse generative AI across its ecosystem. This comes after a lot of pressure to prove that Apple is more than just iPhones and AirPods. The company’s AI push is seen as critical to its future, and the timing couldn’t be better. Analysts believe these upgrades could start a massive handset replacement cycle, with Morgan Stanley pointing to 2026 as the year AI could drive double-digit services growth and expand gross margins. The analysts call Apple their “top pick” for 2025, citing improving iPhone demand as AI features and availability grow. And with services revenue growing faster than products, Apple’s gross margins are expected to expand by 50 basis points annually over the next three years. Stock momentum, trade risks, and Trump’s tariffs Apple’s meteoric rise has pushed its price-to-earnings ratio to a three-year high of 33.5. That’s higher than Nvidia’s 31.7 and Microsoft’s 31.3. But this valuation isn’t sitting well with everyone. Warren Buffett’s Berkshire Hathaway, which holds Apple as its largest investment, has sold shares this year, citing concerns over stretched valuations. Adding to the drama, there’s a wildcard in the form of Donald Trump. The President-elect has promised to slap a 10% tariff on goods from China. Given Apple’s reliance on Chinese manufacturing, this could be a problem. Analysts, though, think Apple might dodge the worst of it. “We believe exclusions are likely for products like iPhones and Macs, just like in 2018,” said Morgan Stanley. Still, Apple’s shares took a hit last Wednesday after the Federal Reserve announced a slower pace of rate cuts for next year. Tech stocks wobbled, but analysts believe easing monetary policy in the long run will keep the market propped up. Morgan Stanley has set a $273 per share price target, implying another 10% upside from current levels. The bank predicts Apple could drive over $8.50 in earnings per share by fiscal year 2026. And investors seem willing to bet on Apple’s ability to deliver. The company has advanced 29% in 2024, outpacing the S&P 500’s 27% gain. And despite concerns over high valuations, 35 out of 49 analysts covering Apple rate it a buy or strong buy. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.