Matt Hougan predicts Ethereum will exceed Solana by 2025. Layer-2 technology enhances Ethereum's scalability and usability. Continue Reading: Matt Hougan Predicts Ethereum Will Surpass Solana by 2025 The post Matt Hougan Predicts Ethereum Will Surpass Solana by 2025 appeared first on COINTURK NEWS .
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen's Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike.
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike. According to a report by Wen Wei Po , the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts on Bitmain’s official website . Huaqiangbei merchants report a surge in bulk orders, with buyers from Russia, the U.S., and Canada purchasing hundreds or thousands of units. This demand is driven by Bitcoin’s ( BTC ) growing price, which has caused mining businesses to become more lucrative even with the inflated costs of equipment. You might also like: Bitcoin price may see a harsh reversal after Fed decision Hong Kong has become an important export hub The 2021 ban on cryptocurrency mining in China resulted in mining machine transactions being redirected through Hong Kong due to Hong Kong’s free-trade environment and ease of logistics. Merchants in Shenzhen said most of the new mining equipment is exported through Hong Kong, capitalizing on its status as a way station for international trade. Cross-border logistics services can deliver mining machines to Hong Kong on the same day, and the machines are then sent to domestic and foreign air and sea transports. You might also like: HashKey Global’s HSK soars to ATH, signaling rising market interest In the $100K to $108K range, BTC mining difficulty reached an all-time high. The mining difficulty adjustment at block height 874,944, around 1:33 UTC on Dec. 16, increased 4.43% and achieved an all-time high of 108.52 trillion, according to TheMinerMag . According to data from Hashrate Index , the network’s average hashrate in the last 14 days hit 771 EH/s while the seven-day moving average stood above 800 EH/s. This record hashing difficulty and fall in hash price reflects the macro impact of BTC’s price increase on mining economics. It confirms the claimed hardware shortages and price surges and also provides insight into global competition among miners. Although mining-related activities are explicitly banned in any form by mainland China, the legal framework in Hong Kong permits the sale and export of mining hardware, giving merchants an outlet to satisfy this global demand. Read more: Crypto miner migration could give Russia control over 18% of bitcoin hashrate
After Bitcoin hit an all-time high of $108,135, China has been seeing a lot of increased demand for…
Australian regulator ASIC has filed a lawsuit against Binance Australia Derivatives, accusing the company of failing to protect consumers by misclassifying over 500 retail clients as wholesale investors between July 2022 and April 2023. This misclassification allegedly deprived these clients of critical legal protections. Retail clients in Australia are entitled to safeguards like a Product Disclosure Statement (PDS), a Target Market Determination (TMD), and access to dispute resolution systems. ASIC Deputy Chair Sarah Court described Binance’s compliance as “woefully inadequate” , highlighting that many clients faced significant financial losses due to these failures. She emphasized that ASIC is committed to using all regulatory tools to protect consumers and ensure integrity in the digital asset market. The lawsuit claims Binance did not meet several obligations, including issuing mandatory PDS and TMD documents, maintaining proper internal dispute resolution systems, and training employees to comply with regulations. ASIC also accused Binance of not conducting its business “efficiently, honestly, and fairly.” The regulator is seeking penalties, declarations, and orders for adverse publicity. In April 2023, Binance’s Australian financial services license was canceled following an ASIC review. Binance stated that it had requested the cancellation, citing only 104 users on its derivatives platform at the time. The spot trading platform continues to operate in Australia . This lawsuit is part of a broader regulatory push targeting crypto platforms. Recently, Kraken’s Australian operator was fined $12.8 million for compliance breaches, and AUSTRAC has introduced stricter Know Your Customer (KYC) requirements for crypto ATMs, including transaction monitoring and reporting of withdrawals over $10,000. Globally, Binance faces numerous legal challenges. The Indian government has accused the platform of owing $85 million in unpaid taxes. In the UK, a whistleblower lawsuit alleges that a former Binance employee solicited a bribe from a customer and was later terminated after reporting the misconduct. These mounting legal pressures reflect increasing efforts by governments to enforce stricter compliance across the crypto industry. ASIC’s legal action against Binance underscores the growing scrutiny faced by crypto platforms as regulators work to ensure compliance with financial laws and protect consumers. This case highlights the ongoing challenges for the crypto industry in meeting regulatory expectations.
Crypto veteran Arthur Hayes thinks the digital asset market will endure a “harrowing” crash next month. The BitMEX co-founder says in a new analysis that longstanding economic issues will make it “almost impossible” for US President-elect Donald Trump to retain control of both legislative chambers in 2026, meaning he doesn’t have much time to accomplish his policy goals. “The people are impatient because they are desperate. Trump is an astute politician and knows his base. To me, that means he must go big early, which is why my money is on a massive dollar vs. gold devaluation early into his first 100 days in office. It is an easy way to make production costs globally competitive in America quickly. It will lead to an immediate re-shoring of productive capacity, leading to an increase in hiring today and not five years from now. Before we get to the crack-up-boom phase in this crypto bull market, I believe the crypto markets will experience a harrowing dump around Trump’s January 20 th 2025 inauguration day. Maelstrom will be lightening up on certain positions in advance, hoping to rebuy some core positions at lower prices sometime in 1H25.” Maelstrom is Hayes’ family office fund. 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 ‘Harrowing’ Crypto Price Crash Coming When Donald Trump Gets Inaugurated: Arthur Hayes appeared first on The Daily Hodl .
The Senate Banking Committee has officially ended its attempt to renominate Caroline Crenshaw as an SEC Commissioner, confirming her term will conclude in January. This decision leaves a crucial vacancy in the SEC, which oversees the U.S. financial markets. Crenshaw’s replacement must, by tradition, be a Democrat since no more than three of the five Commissioners can belong to the same political party. Her departure, alongside the expected resignation of SEC Chairman Gary Gensler in January, signals a potential shift in the SEC’s approach toward cryptocurrency regulation. Gensler is set to be replaced by Paul Atkins, who is seen as pro-crypto , raising hopes within the crypto community for more favorable policies. Crenshaw, an outspoken critic of cryptocurrencies, faced growing opposition in the Senate during her renomination process. Procedural challenges and a lack of support ultimately ended her chances of continuing in her role. Senator Sherrod Brown, a fellow crypto skeptic and recent election loser, criticized her defeat, blaming corporate interests for a "smear campaign." Speculation about Crenshaw’s successor is already underway, with names like Chris Brummer, a Georgetown law professor and former CFTC Chair candidate, emerging as frontrunners. Another key contender is TuongVy Le, legal counsel for Anchorage Digital, a crypto bank. Other potential candidates include Jai Messai, Chief Legal Officer at blockchain company Lightspark, and Carla Carriveau, an advisor to New York’s financial regulator. The potential for pro-crypto leadership in two vacant SEC seats has sparked optimism among cryptocurrency supporters. Crypto.com, for instance, recently dropped its lawsuit against the SEC after its CEO met President-elect Donald Trump to discuss key appointments. These developments suggest the industry is gaining momentum and may see a friendlier regulatory landscape. With new leadership on the horizon, including a potential pro-crypto majority at the SEC, the stage is set for significant policy changes. Industry players are watching closely as nominations unfold, eager for a shift in the agency’s stance.
MicroStrategy's Saylor wants more intelligent leverage
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Wall Street Pepe empowers traders with actionable insights, while Pepeto enriches the meme coin space with utility-rich tools and cross-chain solutions. Table of Contents Wall Street Pepe: Empowering traders with insights and rewards Pepeto: Potential 200x gain after listing? Pepeto: The god of frogs Roadmap: Paving the way for future milestones Community and hype: Pepeto’s edge in the meme coin space Utility vs. trading tools: The meme coin showdown Wall Street Pepe: Empowering traders with insights and rewards Wall Street Pepe (WEPE) positions itself as a meme coin designed to support smaller traders in navigating the fast-paced crypto market. Amid Bitcoin’s surge and a fresh wave of retail investment spurred by recent political shifts, WEPE seeks to provide tools that democratize access to lucrative opportunities. Central to its offering is a trading signals group, granting holders exclusive access to alpha calls, presale recommendations, and advanced strategies. By mimicking the success of market whales, WEPE equips its community with actionable insights to maximize returns. To incentivize participation, the project developers have allocated 15% of the total token supply for rewards tied to trading calls, further enhancing its appeal. With daily funding averaging $2 million and increasing recognition in the $14 billion frog-themed meme coin sector, WEPE is steadily carving its niche. However, while WEPE focuses on trading insights, PEPETO redefines community value and utility, offering infrastructure designed to support the next wave of meme coins with long-term growth in mind. Pepeto: Potential 200x gain after listing? Pepeto (PEPETO) is emerging as a smart project within the meme coin ecosystem, drawing inspiration from the success of the Pepe family. With its robust ecosystem and utilities, early investors adopting a “buy and hold” strategy could potentially see gains reaching up to 200x. Currently priced at just $0.000000098 and sharing the same total supply as Pepe (420T), Pepeto offers an exceptional entry point for investors. Its unique value proposition lies in its advanced swap, exchange, and bridge technologies, built on the Ethereum blockchain. This smart infrastructure sets Pepeto apart by delivering seamless cross-chain functionality and zero-fee trading, positioning it as a leader in the evolving meme coin market. With the listing on the horizon and its low presale price, Pepeto combines affordability, potential, and innovation, making it a meme coin to watch closely during the upcoming 2025 bull run. Pepeto: The god of frogs In contrast to WEPE’s trading-focused model, Pepeto delivers a utility-rich ecosystem designed to transform the meme coin landscape. As the God of Frogs, Pepeto plans to adopt upcoming meme coins, leveraging its zero-fee cross-chain exchange and advanced bridge technology to elevate the entire sector. Pepeto’s ecosystem highlights Zero-fee exchange : A dedicated platform for listing both emerging and established memecoins, enabling cost-free trading for token owners and investors alike. Cross-chain bridge : Facilitates seamless token swaps across multiple blockchains, enhancing liquidity, accessibility, and collaboration throughout the crypto market. Staking rewards : Holders of PEPETO can earn attractive rewards, promoting long-term engagement and community growth. Currently priced at just $0.000000098, Pepeto presents an affordable entry point compared to many competitors, including WEPE. Backed by its captivating narrative rooted in the six legendary documents (P-E-P-E-T-O), Pepeto has generated massive community excitement, propelling its presale momentum. Dive into the Pepeto story through its official social media channels and join the movement redefining memecoins for 2025. Roadmap: Paving the way for future milestones Pepeto has successfully fulfilled its Q4 2024 roadmap and is now advancing its Q1 2025 milestones, including a strategic website upgrade in preparation for the PepetoSwap beta launch. This exchange, designed to adopt the next generation of memecoins, is set to be a pivotal player in the highly anticipated 2025 bull run. https://x.com/Pepetocoin/status/1864282909319848198 Two major announcements, speculated to include the beta launch of PepetoSwap and potential exchange listings, are on the horizon, amplifying Pepeto’s momentum and excitement within its community. Community and hype: Pepeto’s edge in the meme coin space While Wall Street Pepe focuses on trading tools and alpha calls, Pepeto’s captivating story and groundbreaking utility have sparked exceptional community engagement. Thousands of investors have joined the Pepeto Army across social media platforms, rallying behind the God of Frogs and his ambitious vision. These combined factors have helped Pepeto build a strong following of over 25,000 on X (Twitter), Instagram, YouTube, Telegram, and TikTok, demonstrating its growing influence and appeal. In a short span, Pepeto’s presale has raised over $2.5 million, driven by its rich narrative, affordable entry price, and immense potential for long-term adoption in the meme coin market. Utility vs. trading tools: The meme coin showdown Both Pepeto and Wall Street Pepe offer distinct value to the memecoin space. WEPE’s trading insights and rewards program caters to smaller traders seeking immediate gains, while Pepeto’s robust exchange, bridge, and staking utilities establish it as a foundational project for the next generation of meme coins in 2025. With its presale in its early stages and a remarkably low price, Pepeto presents a rare chance for investors to participate in a project set to reshape the meme coin landscape. About PEPETO Pepeto is a memecoin project designed to transform cross-chain functionality and strengthen community involvement. Featuring zero-fee trading, blockchain bridge technology, and a rewarding staking program, Pepeto blends utility with accessibility. By focusing on interoperability and sustainable value, it sets the stage for growth in the dynamic meme coin market. To learn more about PEPETO, visit the official website , Twitter, YouTube, Telegram, Instagram , and TikTok. Read more: Pepe coin price slips as smart money sells: has the rally ended? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Wall Street Pepe empowers traders with actionable insights, while Pepeto enriches the meme coin space with utility-rich tools and cross-chain solutions. #sponsored