The post Cardano (ADA) Price Could Soar 30%, But There’s a Catch appeared first on Coinpedia Fintech News ADA, the native token of the Cardano blockchain, is poised to break its silence after remaining in a downtrend for the past three weeks. The potential reasons behind this bullish outlook include the current market sentiment and the positive price action that ADA has displayed in recent days. ADA Technical Analysis and Upcoming level Since the beginning of December 2024, ADA has experienced a price decline of over 40%, falling below the $1 level. However, with notable attention from traders and investors, the altcoin’s price appears to be recovering and gaining upward momentum. According to expert technical analysis, ADA appears to be consolidating within a tight range near a strong resistance level of $0.95. Based on recent price action and historical momentum, if ADA breaks out of the consolidation zone and closes a daily candle above the $1 mark, there is a strong possibility it could surge by 30% to reach the $1.25 level in the coming days. Source: Trading View Conversely, if the altcoin fails to close above this level and falls below the $0.85 mark, it may find support around the $0.72 level in the future. On a positive note, ADA’s Relative Strength Index (RSI) currently stands near the oversold area, indicating potential upside momentum in the days ahead. On-Chain Metrics Support ADA’s Bullish Outlook This bullish outlook appears to have attracted both long-term holders and traders, as reported by the on-chain analytics firm Coinglass . Data from ADA’s spot inflow/outflow reveals that exchanges have witnessed an outflow of a significant $98 million worth of ADA tokens in the past week. Sourcr: Coinglass In addition to long-term holders, trader participation seems to have skyrocketed. According to the data, ADA’s open interest has surged by 8%, indicating heightened trader activity and suggesting potential upside momentum. Current Price Momentum At press time, ADA is trading near $0.94 and has experienced a price surge of over 5.10% in the past 24 hours. During the same period, its trading volume jumped by 18% and continues to rise steadily, indicating heightened participation from traders and investors following the bullish outlook.
Robinhood CEO Vlad Tenev recently addressed the company’s approach to cryptocurrencies, specifically its position on holding Bitcoin. Speaking in an interview with Anthony Pompliano, Tenev revealed that internal discussions about maintaining Bitcoin reserves occur periodically. However, the company currently has no plans to add Bitcoin to its treasury for investment purposes. Robinhood CEO Explains Bitcoin Strategy Amid Crypto Expansion In a recent interview , Robinhood CEO Vlad Tenev explained the company’s position on holding Bitcoin as part of its reserves. While the topic of Bitcoin reserves arises periodically during internal discussions, Robinhood does not intend to follow companies like MicroStrategy or Tesla by holding Bitcoin for investment purposes. Tenev emphasized that Robinhood remains focused on its role as a trading platform and not as an investment manager. According to Vlad Tenev, adding BTC to the company’s treasury could complicate investors’ perceptions, casting Robinhood as a “quasi Bitcoin-holding play.” Despite Robinhood CEO statements about not holding Bitcoin for investment purposes, institutional BTC adoption continues to gain momentum. Recently, Matador Technologies announced plans to purchase $4.5 million worth of Bitcoin this month as part of its strategy. The company’s leadership highlighted Bitcoin’s potential as a store of value amid growing concerns over fiat currency devaluation. Stock Correlation With Bitcoin Price Although Robinhood does not hold Bitcoin, its stock (HOOD) has demonstrated a close correlation with Bitcoin’s price movements. The company’s stock price has surged 202% year-to-date in 2024, compared to Bitcoin’s 110% growth in the same period. Robinhood CEO noted that this correlation exists without the need for Robinhood to hold Bitcoin in its treasury. This reinforces the company’s current strategy of providing crypto trading services rather than direct Bitcoin investment. Moreover, Robinhood’s crypto-related revenues are projected to grow by 20% by the end of 2025, according to Bernstein analysts. Cryptocurrencies are expected to account for 38% of the platform’s total revenues, driven by growing user interest and favorable market conditions under Donald Trump’s presidency. More so, the company’s planned acquisition of top crypto exchange Bitstamp is set to close in early 2025. This move will boost Robinhood’s crypto offerings and position the platform as a stronger competitor to exchanges offering more crypto options. Robinhood has traditionally taken a conservative approach to its crypto services. It provides fewer digital assets and trading options compared to its competitors. However, analysts predict that this strategy may evolve as the company integrates Bitstamp and explores new opportunities during the current market cycle. Most recently, Robinhood CEO Vlad Tenev commented on Bitcoin’s rally , highlighting its evolution from being dismissed to a serious financial asset. Speaking on CNBC, Tenev attributed the surge to institutional adoption and Federal Reserve Chair Powell’s comparison of Bitcoin to gold. He also expressed optimism about Paul Atkins’ nomination as SEC Chair. The post Robinhood CEO Vlad Tenev Discusses Bitcoin Strategy and Crypto Focus appeared first on CoinGape .
Corporate Bitcoin investor MicroStrategy continued its aggressive Bitcoin buying spree last week, in line with founder Michael Saylor’s pledge to keep accumulating the cryptocurrency at peak prices. Between December 16 and 22, MicroStrategy acquired 5,262 BTC, investing approximately $561 million, the company announced on December 23. The firm purchased Bitcoin at an average price of roughly $106,662 per BTC, marking the highest cost it has ever paid for the cryptocurrency. As of December 22, 2024, MicroStrategy and its subsidiaries held a total of 444,262 BTC, acquired for a cumulative $27.7 billion at an average price of $62,257 per BTC. The latest purchase is part of a December buying spree, during which the company accumulated 42,162 BTC now valued at $4 billion. However, the latest acquisition accounts for only about 12% of the company’s total December purchases and represents the smallest amount of BTC bought since mid-2024, when it acquired 169 BTC. MicroStrategy’s latest Bitcoin purchase is 191% smaller than the acquisition announced on December 16 and 309% smaller than the one disclosed on December 9. The slowdown in BTC buying coincides with concerns raised by BitMEX co-founder Arthur Hayes about a potential market drop tied to the inauguration of U.S. President-elect Donald Trump. Hayes’ fund, Maelstrom, plans to clear some positions and re-enter the market later at lower prices. Additionally, rumors suggest MicroStrategy may enter a blackout period in January 2025, halting its issuance of shares and convertible bonds to fund further Bitcoin purchases. Despite market uncertainties, Saylor remains committed to Bitcoin. “I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin,” Saylor said in early December.
Federal prosecutors say an employee at Oklahoma-based BOK Financial Securities drained millions of dollars directly from customers’ accounts. William Shane Garrow – who was senior vice president and a private banker at BOK until being fired early this year – is accused of embezzling $4,277,227 from at least 16 customer accounts and funneling the funds to himself, FOX23 reports . Garrow, who was hired in 2007, allegedly began committing the crimes on September 9, 2012, and continued all the way to April 10, 2024. He’s accused of draining cash from customer accounts without them knowing and transferring the funds to accounts that he controlled at other financial institutions. He’s also alleged to have written false cashier checks from client accounts and made them payable to himself. If a client noticed discrepancies, Garrow simply told them there was some sort of error, and that BOK would correct it. Says an affidavit seen by FOX23, “[Garrow] knowingly executed, and attempted to execute, a scheme…to defraud a financial institution, and to obtain any of the moneys, funds, credits, assets, and other property owned by…a financial institution.” Garrow is facing one count of bank fraud along with a separate count of willfully making and subscribing a false federal income tax return. In a statement to the media, BOK said it is cooperating with law enforcement. “Shane Garrow’s employment was terminated earlier this year upon the discovery that he had breached company policy. We have conducted a thorough internal investigation and worked with law enforcement on their investigation. Client impact was isolated and remediated upon discovery.” 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 Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report appeared first on The Daily Hodl .
As PEPE declines, investors are flocking to Lightchain AI for its 3000x growth potential. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As PEPE declines, investors are flocking to Lightchain AI for its 3000x growth potential. Table of Contents PEPE drop A look into Lightchain AI’s unique features LCAI presale phase Investors in the cryptocurrency market are always on the lookout for opportunities to recover from market downturns and capitalize on emerging projects with high growth potential. With the recent decline of the PEPE token, attention has now shifted towards Lightchain AI (LCAI) . This decentralized platform seeks to integrate artificial intelligence and blockchain technology, offering unique features such as Proof of Intelligence consensus and Artificial Intelligence Virtual Machine. LCAI’s ongoing presale phase allows investors to acquire tokens at a discounted rate before its public launch, with analysts projecting potential 3000x returns by 2026. PEPE drop The new PEPE fall has acted as a wake-up call for investors, showing the dangers tied to uncertain meme coins and shaky market ways. While they wished for big gains, the quick drop in PEPE’s worth has left investors shocked. The decline also made lots of investors rethink their collections and look for better chances in the digital money world. Because of this, many are now focusing on projects like Lightchain AI, which has a 3000x potential due to its new AI-made blockchain answers. This change shows a want for more steadiness and rise in the fast-changing crypt͏o area. You might also like: Cardano and Toncoin take a backseat as Lightchain AI presale shines A look into Lightchain AI’s unique features Lightchain AI stands out in the blockchain space for its unique features, especially its integration of artificial intelligence. Designed to enhance the functionality of Ethereum 2.0, LCAI aims to improve scalability, security, and transaction speed. One of its key components is the use of AI-driven algorithms to optimize blockchain performance, making it more efficient and adaptive to market demands. Additionally, LCAI offers a robust tokenomics model, ensuring a sustainable ecosystem for long-term growth. The project’s roadmap includes advanced features like cross-chain interoperability and decentralized finance (DeFi) applications. With a focus on reducing gas fees and enhancing smart contract capabilities, Lightchain AI is set to play a significant role in the future of blockchain technology, especially for developers seeking an efficient, AI-powered platform. LCAI presale phase The pres ale phase of Lightchain AI (LCAI) presents a notable opportunity for investors looking to recover their losses from the recent PEPE drop. With its unique AI-powered blockchain solutions, LCAI has the potential for massive returns, with analysts predicting a 3000x ROI as the project gains traction. During the presale, investors can secure tokens at an early, discounted price, positioning themselves for substantial gains once the platform officially launches. This phase also provides early supporters with exclusive access to upcoming features and developments outlined in LCAI’s roadmap. Given its unique approach to enhancing scalability, security, and transaction efficiency, LCAI presents a promising alternative for those seeking long-term growth in the cryptocurrency market. The current $0.003 makes LCAI an accessible investment option for many. To learn more about Lightchain AI, visit their website , whitepaper , X , or Telegram . Read more: Dogecoin targets $2 but Lightchain AI could be the winner with $10 and a 30,000x return 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.
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. This edition examines the confusing agreement signed by El Salvador and the IMF and how Bukele’s actions might jeopardize the disbursement of $1.4 billion for the country. Latam Insights Encore: Bukele’s Bitcoin Gambit Might Put
After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to the company’s official press release , the acquisition, executed as part of its Bitcoin Treasury Operations, involved the purchase of 619.7 BTC, worth around $60.6 million. This latest transaction brings Metaplanet’s total Bitcoin holdings to 1,761.98 BTC, which is valued at almost $168 million. Over the past six months, Metaplanet has leveraged multiple capital market activities, including stock rights issuances and zero-coupon bonds, to fund its Bitcoin purchases. Most recently, the company raised ¥5 billion, valued at $31.9 million, through its 5th Series of Ordinary Bonds on December 20, 2024. Prior to that, the Tokyo-based investment firm also announced a separate ¥4.5 billion, valued at $28.7 million, bond issuance that is set to mature on June 16, 2025. The firm reported a staggering BTC Yield increase of nearly 310% between October 1 and December 23, 2024, demonstrating the significant growth in Bitcoin holdings relative to its fully diluted shares outstanding. Metaplanet appears to have firmly positioned itself as a key player in a corporate Bitcoin investment even as the broader market sentiment remains bearish. Boost From Bitcoin Metaplanet, often referred to as “Asia’s MicroStrategy,” began accumulating BTC in May, mirroring the strategy of the US-based Bitcoin-focused firm. The company recently revealed that it expects its first operating profit in seven years, thanks to its decision in April to use Bitcoin as a treasury asset. For fiscal year 2024, it forecasts a revenue increase to ¥890 million, worth around $5.8 million, from ¥261 million, and predicts an operating profit of ¥270 million. This marked a significant turnaround after years of losses. A key driver has been its innovative use of Bitcoin put options, which brought in ¥520 million. The firm also benefited from a strong performance at its Royal Oak Hotel in Tokyo. The post Metaplanet Makes Largest BTC Purchase to Date Despite Bitcoin Price Correction appeared first on CryptoPotato .
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analyzing undervalued altcoins that could bring significant gains in 2025. Table of Contents From undervalued to unstoppable: The case for XYZ Dogwifhat JasmyCoin Pepe Shiba Inu Conclusion As Bitcoin soars to new heights, the cryptocurrency market is buzzing with excitement. Major altcoins are breaking records, capturing the attention of investors worldwide. Amidst this surge, certain lesser-known cryptocurrencies are emerging with promising potential. This article explores undervalued tokens that could be on the verge of significant gains in 2025. From undervalued to unstoppable: The case for XYZ Dubbed the “all-sport” meme coin, XYZVerse seeks to bring a fresh perspective to the meme coin space by blending community engagement with a utility-focused roadmap. In a market where fleeting trends dominate, XYZ sets itself apart with a structured strategy for sustainable growth. The token’s multi-phase presale will reward early investors significantly. Starting at $0.0001, XYZ’s price is designed to rise incrementally through 15 presale stages, culminating in a final price of $0.1 — a 7,402% increase from its current stage 9 price of $0.001333. This marks a 1,300% surge for those who joined early, with over $3 million raised so far. Why XYZVerse could be 2025’s breakout altcoin: Targeted niche: Unlike generic meme coins, XYZ taps into the passionate sports fandom across multiple disciplines, potentially creating a community with shared interests and loyalty. Utility meets hype: XYZVerse offers more than speculative gains, integrating features and plans for utility within its ecosystem to ensure long-term engagement. Solid foundations: Backed by audited smart contracts, a vetted team, and planned listings on top exchanges, XYZ is built for credibility and scalability. With the cryptocurrency market heating up for 2025, the undervalued XYZ token offers a significant opportunity for investors looking to diversify into niche markets with massive potential. As the presale progresses and the project builds its community, its roadmap achievements and ecosystem expansion will be key metrics to watch. Investors can get the potential breakout star of 2025 XYZ via presale. You might also like: Polygon meme coin to overtake PEPE and SHIB in the bull run Dogwifhat Dogwifhat is making waves as the latest dog-themed meme coin on the Solana blockchain. Inspired by the viral Dogwifhat meme, WIF joins the ranks of Dog-themed meme coins that have found a special place in the crypto space, such as Dogecoin and Shiba Inu. WIF adds a fresh twist to this trend, bringing humor and a sense of belonging to its holders. WIF benefits from the Solana’s high speed and low transaction costs, enhancing user experience. Its growth reflects the ongoing trend of community-driven tokens gaining traction. As the crypto market evolves, WIF could be an interesting project to watch. JasmyCoin JasmyCoin is designed to bring full control over personal data. By combining Internet of Things (IoT) with blockchain technology, Jasmy transforms personal information into a valuable asset controlled entirely by its owner Unlike cryptocurrencies that prioritize speed or scalability, JASMY emphasizes data ownership and protection. This aligns with a broader trend of users seeking greater autonomy over their digital presence. As concerns about data security rise, a cryptocurrency designed to empower users is likely to gain more attention. You might also like: Altcoins under $1 that could bring big gains this holiday period Pepe Pepe is an Ethereum-based meme coin inspired by the Pepe the Frog meme. With a straightforward approach, including a no-tax policy and transparency about its lack of utility, it has resonated with those who enjoy the lighthearted side of the crypto world. In 2023, PEPE experienced a meteoric rise, reaching a peak market cap of $1.6 billion and sparking a meme coin season. Early investors reaped significant profits, and a passionate community rallied around the project. PEPE’s roadmap outlines ambitions for major exchange listings and a meme takeover. While its future performance remains uncertain, for those drawn to the high-risk, high-reward nature of meme coins, PEPE presents an intriguing option in the current market landscape. Shiba Inu Shiba Inu began as a playful nod to Dogecoin but has forged its own path. Unlike Dogecoin, SHIB runs on the Ethereum blockchain, tapping into its vast ecosystem. SHIB’s integration with Ethereum opens doors to various applications. One example is ShibaSwap, a decentralized exchange for trading tokens. Plans for an NFT platform and a DAO-based governance system could give SHIB more utility. In the current market, SHIB stands out for its unique features and strong community. While meme coins are known for volatility, SHIB’s utility might make it more appealing. As the crypto market evolves, SHIB could be one to watch for those interested in memes with real-world use. Conclusion WIF, JASMY, PEPE, and SHIB offer potential, but XYZ could surpass them by combining sports and memes, aiming for significant growth in the current bull run. For more information about XYZVersus, visit their website , Telegram , or X . Read more: Dogwifhat, Avalanche, and XYZVerse: WIF’s 950% surge eyes XYZ’s 6,900% boom by Q1 2025 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.
Analyzing undervalued altcoins that could bring significant gains in 2025. #partnercontent