Dubai, December 19th 2024: In the fast-paced world of Web3, where information is currency and speed is key, staying updated is essential. To meet this need, ChainGPT’s AI News Agents have joined forces with Binance Square to redefine how users stay informed about cryptocurrency, blockchain, and Web3. Through AI-powered content, this partnership ensures millions remain up to date with every critical development. ChainGPT's AI News Agents scouts the internet every 60 minutes, generating concise news articles on trending topics. This service, available on ChainGPT dApp eliminates the need for exhaustive searches across multiple platforms thereby providing investors, developers, and enthusiasts the latest news. Commenting on this partnership, Ilan Rakhmanov, Founder & CEO, ChainGPT said “By partnering with Binance Square, we're not just delivering news—we're empowering an entire ecosystem of Web3 enthusiasts, investors, and professionals with our AI News Agents that deliver insights that cut through the noise. Our collaboration means that millions of users will now have instant access to objective, real-time information, transforming how they understand and interact with the rapidly evolving blockchain landscape.” The AI News Agents service addresses the growing challenge of information overload and potential bias in crypto news reporting. As ChainGPT prepares for the full launch of AIVM in 2025, the company is already taking significant steps towards this vision with the release of AI News Agents, its first autonomous AI solution. Key Features of the ChainGPT AI News Service: Hourly Updates: The AI system scans and processes information every 60 minutes, ensuring users have access to the latest developments Bias Mitigation: Advanced AI algorithms extract key insights while minimizing human bias and unnecessary content Dual Access Points: Available through both the ChainGPT V1 Dashboard (daily market snapshots at 8:00 AM UTC) and the ChainGPT Chatbot (real-time market updates) Real-time Learning: Continuous adaptation to new information, supporting various use cases including community modules and interactive reading guides The service is now live on Binance Square and offers users a streamlined experience for accessing crypto and blockchain news. Link to the service here: https://www.binance.com/en/square/profile/ChainGPTAINews About ChainGPT Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space. As a relatively young but rapidly growing project, ChainGPT's mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3. Learn more at: https://www.chaingpt.org/ General Resources: Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | CGPT DAO | AI NFT Generator | Staking | Blog | Community and Social Media: Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok For Media Queries Richa | richa@chaingpt.org & Sharon | sharon@chaingpt.org ➡️To learn more about ChainGPT, visit the official ChainGPT.org website ➡️For all inquiries, please contact support@chaingpt.org Disclaimer: This is a sponsored press release 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.
December 18 is HODL Day, a celebration of a famous crypto typo that became a symbol of sticking with your investments, no matter what the market throws your way. So what is HODL anyway? Here’s how HODL became an iconic…
December 18 is HODL Day, a celebration of a famous crypto typo that became a symbol of sticking with your investments, no matter what the market throws your way. So what is HODL anyway? Here’s how HODL became an iconic term in crypto. Table of Contents The origin of HODL: What does HODL mean in crypto? What is HODL Day? How is HODL Day celebrated? The future of HODL Day FAQs The origin of HODL: What does HODL mean in crypto? What does “HODL” stand for? HODL meaning originates from a post on the Bitcointalk cryptocurrency forum in 2013, where it first appeared as a typo of the word ‘hold.’ The term “HODL” means staying committed to holding onto Bitcoin ( BTC ) despite a sharp price drop, as declared by the user who coined it. This accidental misspelling quickly became a meme, grew into popular crypto slang , and ultimately evolved into a widely recognized term symbolizing the strategy of holding onto assets long-term. Essentially, HODL in crypto captures the spirit of “holding on for dear life,” emphasizing commitment to investments through market highs and lows. Today, the term is so iconic that December 18 is celebrated as “HODL Day,” marking the date of its first appearance. Broadly speaking, the HODL strategy’s concepts aren’t exclusive to crypto. The HODL meaning aligns closely with the traditional “buy and hold” investment method, which has long been used in conventional financial markets. What is HODL Day? HODL Day has become more than just a nod to the origins of the term; it’s a symbol of the community’s shared mindset. On December 18, cryptocurrency fans around the world come together to mark the spirit of holding through market ups and downs. It’s a day for those who’ve stuck with their investments to reflect on their journey and celebrate staying the course, even when things get unpredictable. It’s about keeping faith in the long-term approach, no matter the market’s mood. For many, HODL Day is a simple reminder of the value of patience and sticking with your investments. It’s not just about crypto; it’s about remembering that holding onto anything — whether it’s stocks, property, or other assets — takes faith, especially when things get rocky. How is HODL Day celebrated? On HODL Day, crypto fans gather online to share their experiences. People post everything from funny memes to personal stories about sticking with their investments through the market’s ups and downs. Social media feeds fill up with the #HODLDay hashtag, bringing together long-term investors. Some even host virtual meetups, where they discuss the future of crypto and exchange tips on staying committed to long-term investment. It’s a fun and lighthearted way to bond with fellow investors over shared values. How to get involved in HODL Day? It’s very simple. Just engage with the crypto community online. Head to X, Reddit, or Discord, where people are posting about holding their investments through market swings. You can share your own story or offer some advice. Tag #HODLDay to make sure others see your posts. 🎊 Happy HODL Day! On December 18, 2013, a Bitcointalk forum user made a typo in their post urging others to "hold" #Bitcoin . Since then, "HODL" has become a symbol of long-term investing in cryptocurrencies, and December 18th is celebrated worldwide as a day to honor this… pic.twitter.com/RXbmsfZ367 — Margex (@Margexcom) December 18, 2024 You can also check out virtual meetups or discussions where people talk about their investments and exchange ideas. The future of HODL Day HODL Day might evolve into a bigger, more educational event in the future. As the “HODL in crypto” mentality spreads, we could see more organized discussions, workshops, and panels focused on long-term investing. Crypto platforms and influencers could play a role in helping to grow the community and share the message with a wider audience. HODL Day might also become a point of reflection for new developments in the crypto world, encouraging people to stay focused on long-term goals amidst the ever-changing market. Regardless of how HODL Day changes, it’ll always be a laid-back event where you can connect with others who share your investment mindset. FAQs When is HODL Day? HODL Day, celebrated every year on December 18, marks the moment in 2013 when the term ‘HODL’ first popped up in a post on the Bitcointalk cryptocurrency forum. It’s a day for crypto enthusiasts to reflect on their commitment to long-term investments, no matter the market’s ups and downs. What does HODL mean? The term “HODL” means holding onto your crypto investments, no matter how volatile the market gets. It originated in 2013 as a typo of “hold” on a crypto forum and has since become a symbol of dedication to assets like Bitcoin, even during challenging times. Is HODL a good strategy? HODL is a solid approach for those looking to invest long-term. It’s about resisting the temptation to sell when the market is down and having confidence that your investments will grow over time. While it may not suit everyone, it’s great for those with a patient, long-term mindset.
The post Over $700M Liquidated—Is a Larger Pullback Incoming for the BTC Price Rally or Is This a Buy the Dip Opportunity? appeared first on Coinpedia Fintech News The crypto markets started the day’s trade having a major bearish influence after the latest interest rate cuts. The Bitcoin price plunged below $100K when the Fed Chair commented negatively on asking his opinion about the national Bitcoin reserve. However, the token has led a strong recovery as it rises above $102K in a short while suggesting the traders may have utilised yet another ‘buy at the dip’ opportunity. But what led to the downfall? The liquidations play a major role in impacting the prices of cryptos, mainly Bitcoin. Ever since the token started to rise above $100K, the longs started accumulating heavily above $105K and extended to $107K. However, these were expected to close, which triggered a massive pullback. As per the data from Coinglass, the markets have witnessed over $782 million in liquidation in the past 24 hours, which may have slashed the prices hard. However, Bitcoin liquidity is still sitting above $102K, which may appear scary but eventually flashes a bullish signal in the long term. Here the accumulation of longs at levels just above $102K suggests the price is about to experience a notable pullback after surpassing these levels. This could be the reason why the BTC price is facing a major hindrance in surpassing these levels. On the other hand, a huge pressure is being mounted here, which may compel the price to accumulate around this range. With this, there is the possibility of a short squeeze that may push the prices higher, probably above $110K. On the other hand, the BTC dominance has displayed a major comeback by heading back to 60%. In the times when the dominance was expected to drop below 50%, the latest reversal above 58% suggests a major reversal could be fast approaching. The levels have triggered a rebound and considering the previous price actions, the levels are believed to reach the upper resistance. This suggests the price is in the middle of the prevailing bull run and hence the next bullish wave could push the price towards new highs. However, as it happened earlier, a rejection may follow, triggering a fresh bearish wave across the markets, probably in the second half of 2025.
Bitcoin miner MARA Holdings announced that it has bought 15,574 BTC with a total value of $1.53 billion, bringing its total number of Bitcoin held to 44,394 BTC, making the firm the publicly traded company with the largest reserves of Bitcoin. Bitcoin Miner MARA Buys 15,574 BTC for $1.53 Billion In a filing to the SEC and the post on X, formerly Twitter, MARA said the acquisition was financed with proceeds from its recently completed zero-coupon convertible notes offerings. The firm also said it had repurchased about $263 million in aggregate principal amount of its existing convertible notes due 2026. It intends to use the remaining proceeds of the notes to acquire more Bitcoin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per #bitcoin and repurchased ~$263 million in aggregate principal amount… pic.twitter.com/ycGRk9BYfv — MARA (@MARAHoldings) December 19, 2024 The company announced that it had acquired the Bitcoins at an average price of $96,000 per BTC. MARA also pointed out a Bitcoin yield of 12.3% QTD and 47.6% YTD. With this transaction, MARA now possesses 40,435 BTC, worth about $3.9 billion at current market prices. The move is reminiscent of a strategy popularized by MicroStrategy’s Michael Saylor, focused on large-scale Bitcoin accumulation. Saylor recently stated he sees MARA Holdings entering Nasdaq 100 Index soon. Buying Spree After the Price Drop The purchase by MARA was announced just a day after Federal Reserve Chair Jerome Powell clarified that the central bank cannot own Bitcoin under existing regulations and isn’t seeking legislative changes to enable such ownership. The timing of the news coincided with a plunge in markets. Bitcoin fell 5% in its biggest plunge in more than three months as a wider sell-off was sparked by the Federal Reserve’s hawkish comments on the trajectory of interest rates and the scant possibility of rate reductions in 2025. For a while, it approached, but then pulled back from, a $100,000 perch, amid the impact both of Powell’s hawkish views and of unease at a possible role of Bitcoin as a reserve asset. The post Breaking: Bitcoin Miner MARA Acquires 15,574 BTC For $1.53 Billion appeared first on CoinGape .
Leading Bitcoin miner Hut 8 has fueled market optimism with his recent BTC buying move while hitting a major milestone. Notably, the firm said that it added $100 million worth of BTC to its portfolio, with its Bitcoin Reserve hitting the $1 billion mark with this latest accumulation. This also comes amid a gloomy sentiment in the broader crypto market, showcasing the firm’s confidence in the flagship crypto despite the recent setbacks. Bitcoin Miner Hut 8 Buys $100M In BTC In a recent announcement , Hut 8 said that the firm has purchased 990 Bitcoin, worth around $100 million, or an average of about $101,710 per BTC. With this latest purchase, the Bitcoin miner’s total holdings surged to 10,096 BTC, reflecting a market value of over $1 billion, the firm said. Notably, the company also said that this latest acquisition also adds it to the “ten largest corporate owners of Bitcoin in the world”. This latest accumulation has fueled market optimism, especially as global leaders, as well as corporate firms, are racing to accumulate the flagship crypto. For context, MicroStrategy has continued its BTC buying , showcasing the firm’s increasing confidence in the asset. Simultaneously, Japan’s “MicroStrategy” Metaplanet has also shifted its focus towards accumulating the crypto, as evidenced by its recent moves. Meanwhile, this Hut 8 accumulation comes as the crypto market has recorded a robust rally since Donald Trump’s election victory in November. However, following a strong run, the optimism appeared to have cooled down recently, especially after the US Fed announced another rate cut yesterday. Notably, Fed Chair Jerome Powell signals a hawkish move ahead by the central bank, which has likely weighed on the investors’ sentiment. Following the comments, the broader financial market takes a hit. Bitcoin and other top altcoins also noted significant declines amid a hovering gloomy sentiment in the market. However, Hut 8’s recent revelation indicates that the institutional interest in the flagship crypto still remained strong despite the ongoing volatility. What’s Next For BTC? BTC price today declined 3% during writing to $102,000, while its trading volume jumped 23% to $96 billion. However, despite the current decline, the crypto has recovered from its 24-hour low of $98,792, signaling increasing investors’ participation. On the other hand, the US Spot Bitcoin ETF inflow was also strong over the past few weeks, indicating growing institutional interest in the crypto. So, considering the recent market trends, experts also remained optimistic about the future trajectory of BTC. Bitwise CIO recently said that the crypto is poised to hit $500K once the US finalizes its Bitcoin Strategic Reserve. Simultaneously, these accumulation trends from corporates like Hut 8 further fuel market sentiment, showcasing the growing confidence of the Wall Street players towards the asset. The post Bitcoin Miner Hut 8 Hits Major Milestone With Latest $100M BTC Buying appeared first on CoinGape .
Pyongyang-affiliated groups account for two-thirds of digital asset thefts globally, according to blockchain research data
Solana price has experienced a notable decrease in the past 24 hours, reflecting the broader crypto market cues. This drop comes after SOL hit a three-month high. However, the recent Federal Reserve rate cut has triggered a market-wide sell off that could knock this Ethereum-killer lower. This article explores the idea of Solana price crashing below the $200-mark. Will Solana Price Dip Below $200? Solana price movements are under scrutiny after the U.S. Federal Reserve announced a 25 basis point rate cut on Wednesday. The rate cut, accompanied by projections for future monetary policy in 2025, triggered widespread market reactions. Bitcoin faced a sharp decline, hovering around the $101,000 mark, which sparked a broader cryptocurrency market sell-off. Solana, which recently reached a peak of $264 earlier this month, has been on a declining trend. SOL price recently hovers in the $200-$220 range. A break below $200 could signal a deeper correction for Solana, raising investor concerns. Source: X Is It Time To Buy SOL Dip? The Solana price recently dipped below $210, raising questions about whether now is the time to buy the dip. Altcoins, including Ethereum, SHIB, and XRP, have faced notable corrections, leading to widespread market sell-offs. Over the past 24 hours, assets such as Avalanche, Chainlink, and Litecoin have each dropped by 16%. Meanwhile, Pepe price plunged by 17%, reflecting heightened volatility and significant liquidations across the crypto market . This sharp pullback has sparked speculation about whether the declines are an overreaction. Expert suggest that projects experiencing the largest drops may present lucrative buying opportunities. Solana’s current position has traders eyeing its potential for a rebound. The crypto whales in the whale space show how big players can impact the movements of assets. Santiment recent data reveals Solana price correlated with stablecoin reserves former $5 million holders total balance. This trend is a result of strategic movements in both directions of the accumulation, distribution and hence affects market sentiment. Source- Santiment SOL Technical Analysis According to the latest data, the SOL price right now is $210 which is a -4% decrease over the last 24h (U.S time zone). Relative Strength Index (RSI) has got into the mild bearish territory at 39. The trend remains important for buyers to come in and shift. Source: TradingView If the bearish pressure persists, the Solana price prediction could break below the $205 support level. A further dip might push the price toward the critical $200 level, and if the downtrend continues, it could even test the $180 mark. However, if the bulls regain control, SOL could see a recovery. A strong upward momentum may propel the price toward $263, potentially hitting ATH. Solana’s price faces a critical juncture amid market uncertainty. While bearish pressure looms, strong fundamentals and whale activity suggest potential recovery opportunities for investors closely monitoring the $200 level. The post Will Solana Price Dip Below $200 After Federal Reserve Cut? appeared first on CoinGape .
Hut 8’s strategic bitcoin reserve of over 10,000 BTC has been achieved through low-cost production and strategic at-market purchase. 990 Bitcoin Purchase Pushes Hut 8’s Holdings Past $1 Billion Net Worth Hut 8, one of North America’s largest bitcoin miners has announced the purchase of 990 BTC at an average cost of $101,710 per bitcoin.