Vilnius, Lithuania, December 23rd, 2024, Chainwire BingX , a global leading cryptocurrency exchange, has expanded its fiat deposit options with the launch of the SEPA and SEPA Instant payment services for euro deposits. By introducing these new fiat payment options, BingX enables real-time euro deposits at no cost, further streamlining the trading experience for its expanding user base. The Single Euro Payments Area (SEPA) allows BingX users to make seamless euro payments, including credit transfers and direct debits, across the European Union and several non-EU countries, all in a fast, secure, and efficient manner. As an extension of the SEPA network, SEPA Instant is the preferred payment method for euro transactions. While SEPA transfers typically take 1-2 business days, SEPA Instant enables deposits to be processed instantly, even on holidays. By integrating SEPA Instant, BingX ensures its users can enjoy unparalleled speed and convenience in funding their accounts, without any transaction fees. The addition of SEPA Instant brings numerous benefits for BingX users. Traders can now instantly react to market opportunities by immediately funding their accounts if need be. The elimination of these deposit fees offers a cost advantage compared to competing platforms. “Our users deserve efficient and cost-effective solutions,” said Vivien Lin , Chief Product Officer of BingX. “By introducing SEPA Instant, we’re eliminating delays and fees associated with euro deposits, offering a real-time funding experience. This on-ramp upgrade reflects our ongoing dedication to improving the accessibility and convenience of cryptocurrency trading. Looking ahead, we continue to innovate and expand our services to meet the evolving needs of our global user base, ensuring that they can trade with confidence, speed, and ease, no matter where they are in the world.” About BingX Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking a debut in the world of sports. For media inquiries: media@bingx.com For more information users can visit: https://bingx.com/ Contact BingX media@bingx.com
On December 23rd, Binance Launchpool is set to unveil its **63rd project**, **Bio Protocol (BIO)**, marking a significant milestone in the **decentralized science (DeSci)** sector. This innovative project aims to
The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus. Besides, a recent Santiment report showed that the market interest appears to be shifting from the meme space, sparking concerns that the meme season is over. DOGE, SHIB, WIF, & Other Meme Coins Slip Top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and others have continued their declines over the past week. Amid this, Santiment highlighted a new trend which indicates that the market enthusiasts are shifting their focus from the sector to other altcoins. For context, in a recent X post, Santiment revealed a significant shift in crypto market sentiment. The report noted that investors have rapidly turned bearish over the past two weeks, which is also evidenced by the recent volatile trading scenario recorded in the broader crypto market. Meanwhile, as market corrections intensify, particularly among the top altcoins , interest in meme coins season has waned, Santiment noted. At the same time, the declining interest in the altcoins sector has resulted in increased focus on Bitcoin. Source: Santiment, X Santiment views this trend as a healthy market cycle, presenting opportunities for patient traders to capitalize on the current ‘blood in the streets’ scenario. In other words, the crypto market FUD and this recent pullback could provide a buying opportunity to investors in the coming days. How’s The Meme Coins Performing & What’s Next? The broader meme segment has recorded a decline today. So, here we explore some of the top coins and see how the crypto might perform in the coming days. Can DOGE Rally To $18? Dogecoin price today was down about 2% and exchanged hands at $0.3164, while its trading volume plunged 24% to $4.16 billion. Notably, the crypto has touched a high of $0.324 and a low of $0.3033 in the last 24 hours. Furthermore, DOGE Futures Open Interest declined 6% to $1.95 billion, CoinGlass data showed. Despite that, top crypto market analyst Ali Martinez recently shared a bullish forecast for DOGE. In a recent X post, Martinez cited Dogecoin’s historical run and said that the crypto could rally to $18 ahead, “If history repeats.” Source: Ali Martinez, X Shiba Inu (SHIB), WIF, & Other Meme Coins Shiba Inu price today was down over 1% to $0.00002183, and its one-day trading volume plummeted 23% to $678.92 million. However, the recent Shibburn data showed a spike of 404% in the Shiba Inu burn rate over the last 24 hours, indicating a bullish momentum ahead. For context, the token burns help in reducing the supply of the tokens, which in turn could boost the asset’s price. Source: Shibburn In addition, popular market expert Dollars Maker in a TradingView analysis said that SHIB could rally 235% ahead to $0.00005816. Besides, a recent Shiba Inu price analysis showed that the coin could target the $0.000025 resistance ahead if bullish momentum builds. On the other hand, WIF price declined over 2% to $1.93, after soaring past the $4 mark in early December. However, despite the decline a recent analysis from Rose Premium Signals indicates that the top Solana meme coin could hit the $6.4 mark ahead, sparking market optimism. Meanwhile, some of the coins in the sector have maintained their position in the green despite the recent downturn. For context, PEPE and PENGU were up about 1% and 2%, respectively, indicating that the meme coin season is not yet over. The post DOGE, SHIB, WIF, & Others Slip, Is Meme Coin Season Over? appeared first on CoinGape .
As Dogecoin ( DOGE ) struggles with short-term bearish sentiments, historical price movements and technical indicators suggest the top meme coin might be poised for another parabolic rally. This outlook comes from renowned cryptocurrency trading expert Ali Martinez, who drew parallels between Dogecoin’s 2017 and 2021 movements, hinting at explosive growth after significant retracements, as shared in an X post on December 23. Back in 2017, Dogecoin surged 212%, followed by a 40% retracement, before embarking on a 5,000% rally. Similarly, in 2021, DOGE climbed 476%, retraced by 56%, and soared by 12,000% to reach its all-time high. Dogecoin price analysis chart. Source: TradigView/Ali_charts The same pattern appears to be replicating in 2024, with the meme coin surging 440% before undergoing a 46% retracement, closely mirroring its previous cycles. According to Martinez’s analysis, this setup could signal the beginning of another parabolic move for Dogecoin. “Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way,” Martinez said. Indeed, Dogecoin’s price has been confined within an ascending channel, a pattern often preceding major rallies. A breakout above the channel could signal a bullish reversal and trigger a parabolic rally. DOGE’s $0.70 price target In another X post on December 21, cryptocurrency trading analyst Javon Marks also highlighted that historical patterns could hint at another DOGE rally. The analyst noted the recent pullback mirrors price movements from 2020, when DOGE broke through descending resistance patterns, consolidated briefly, and surged over 122%, achieving more than double gains. Dogecoin price analysis chart. Source: TradigView The anticipated target for this rally is $0.73905, suggesting Dogecoin could revisit and surpass its all-time high. Besides the technical setup, Dogecoin’s potential to rally is also guided by fundamental factors, with Tesla (NASDAQ: TSLA ) CEO Elon Musk’s influence remaining a key element. Musk’s commentary on Dogecoin has been influential, and the possibility of a rally could coincide with his official appointment as the head of the Department of Government Efficiency (DOGE) in January 2025. Additionally, DOGE has recently seen an increase in whale accumulation , reinforcing confidence in the asset. Historically, such transactions have preceded major price rallies. DOGE price analysis At press time, DOGE was valued at $0.31, showing weakness on the daily and weekly timeframes, dropping 0.40% and 21%, respectively. DOGE seven-day price chart. Source: Finbold Amid the current correction, Dogecoin’s technical setup suggests a possible downside in the short term. The coin is trading below its 50-day simple moving average ( SMA ) of $0.360157, reinforcing bearish momentum. DOGE remains above its 200-day SMA, which is at $0.178915, indicating that the long-term trend may still hold bullish undertones. Interestingly, the Fear & Greed Index reflects a reading of 73, firmly in the “Greed” zone, hinting at strong market interest despite prevailing negative sentiment. In summary, as DOGE faces short-term weakness, historical patterns suggest Dogecoin could be on the verge of another explosive rally, eyeing a breakout toward the $1 mark. Featured image via Shutterstock The post Another Dogecoin (DOGE) ‘parabolic rally is on the way,’ says expert appeared first on Finbold .
In a significant development for the crypto market, Binance has announced the upcoming listing of BIO on January 3, 2025, at 18:00 UTC. This event is poised to bolster the
Litecoin (LTC) merge mining is turning into a tool for both security and exposure for new tokens. A small new family of assets is emerging, aiming to repeat the success of Dogecoin (DOGE). Litecoin (LTC) merge mining is turning into both a security and a marketing tool for new tokens. A small batch of new assets are trying to ride on the fame of LTC and DOGE, while also gaining exposure from major mining pools. Binance Pool has announced the addition of three new assets to its merged mining program – LKY, PEP, and LKC. Merge mining is the process of producing other coins and tokens in each block of a minable coin. The new production does not make mining more expensive, but creates a secure new asset at virtually no extra cost. Every Litecoin block has produced DOGE for years, while ensuring cheap transactions on the Litecoin chain. In 2024, the network added BELLS, Luckycoin (LKY), Pepecoin (PEP), and Junkcoin (JKC). Additional merged mining arrives at a time when the Litecoin hashrate marked new all-time highs. LTC mining was close to 1.8 PH/s, remaining a staple for some of the large pools. The Litecoin network retained its popularity, adding some stability to the LTC market price . After the latest market drawdown, LTC traded at $103.22, recovering some of its lost ground. DOGE traded at $0.31 during the latest market drawdown. BELLS retained a level of $0.61. JKC traded around $0.22, while PEP retained the $0.0012 level. All the merged mining coins backtracked during the latest market correction. However, those assets also benefitted from the meme token frenzy. Litecoin remains the fourth largest mined coin, which has retained its influence in the crypto space. Mining has expanded in 2024, as most corporate pools reinvested in the newest ASIC, increasing the capacity for competition and growing each network’s security. Litecoin mining followed the trend of Bitcoin with constant expansion to new all-time highs as new machines come online. Binance Pool expands access to merged mining The availability of merged mining coins depends on the decision of every respective pool. Binance Pool has added payouts, though sometimes requiring the end user to provide a suitable wallet. The Binance Pool has warned that JKC, PEP, BELLS, and LKY remain unlisted, and the addition of mining opportunities does not translate into future listings. Additionally, the reward schedule for all assets are independent of the LTC earned in a block. Binance Pool solves around 10% of all Litecoin blocks. The Binance Pool started adding new merge mining assets since September, with BELLS becoming the first expansion. The trend of adding new rewards has spread to most major Litecoin mining pools. ViaBTC and F2Pool offer LKY and PEP, but have not yet added JKC. Other pools still limit their merged mining to DOGE and BELLS. Currently, Binance has announced the widest selection of merged mining assets. Scrypt mining also retains popularity, with a total of 21 minable assets. Those coins are not available for merged mining, and require different settings. The current profitability of Litecoin mining with 1 GH/s mining power is around $30 per day, based on LTC and DOGE rewards alone. Modern mining ASIC offer more than 9 GH/s, though some rely on competitive pricing. Merged mining offers a boost to lowered block rewards Merged mining may prove a valuable bonus depending on the hashrate. As large pools and miners continue to pay attention to the Litecoin network, some of those entities may have large reserves of all merged mining coins. Merged mining has also existed for Bitcoin, producing Elastos (ELA) tokens, as well as NMC, Syscoin (SYS), and FB, with different rules and proportions. Merged mining can offset some of the lowered block rewards. Litecoin’s network also remains attractive for its $0.0048 fees for regular transactions. The chain has a highly active turnover, reaching more than 78% of the LTC supply, as the asset is used to move funds between wallets. The other advantage of Litecoin is its wide reach with legacy services, dating back to the first wave of crypto expansion. LTC now awaits an eventual ETF launch, while still being used for trading, payments, and general transfers. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Summary The idea of a US Bitcoin National Reserve gained traction after Trump's July 2024 proposal and November 2024 election victory, but its implementation remains unlikely. Trump's pro-Bitcoin stance appears more like electioneering than a well-thought-out policy, conflicting with his pledge to maintain the USD reserve currency status. Establishing a Bitcoin reserve would face significant funding challenges and skepticism from mainstream financial institutions and Congress. Despite occasional bullishness, I remain cautious about Bitcoin's hype and wary of being bullish due to the speculative nature of the reserve idea. The idea of the US establishing a strategic national reserve of Bitcoin has recently attracted a lot of media attention. In this article, I will discuss my views on how this might impact Bitcoin's price. Before I begin the discussion, for readers that have not read my commentary on crypto before, I would like to showcase my crypto "credentials" with the tactical buy recommendation of Coinbase ( COIN ) in Oct 2022 during the previous crypto winter, which has since gone up by 315%. Author track record on crypto (Seeking Alpha) Now back to the discussion on the Bitcoin National Reserve. Timeline and overview Bitcoin price (StockCharts) The idea of establishing a Bitcoin National Reserve in the US is a relatively recent one. If you google for "Bitcoin reserve" before July 1, 2024, you won't find many mainstream mentions of the idea. President-elect Donald Trump first mentioned creating a "national bitcoin stockpile" on July 27, 2024 at a bitcoin conference, reportedly saying "If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future…If we don't embrace crypto and bitcoin technology, China will, other countries will. They'll dominate, and we cannot let China dominate. They are making too much progress as it is." As shown in the above chart, this mention coincided with the trough in bitcoin (BTC-USD) prices in July 2024, which have soared since Donald Trump won the US Presidential election in November 2024. The Bitcoin Act of 2024 was also introduced on July 31, 2024 by Senator Cynthia Lummis, which proposed to establish a Strategic Bitcoin Reserve through the Treasury purchasing 1 million Bitcoins over a 5-year period and held for 20 years (unless used to retire the outstanding federal debt). Since Donald Trump won the election, momentum (or at least discussion) for establishing a Bitcoin National Reserve has snowballed: Trump has nominated David Sacks as AI and crypto czar, who is viewed as friendly towards the crypto industry. Trump has made multiple comments on crypto that were viewed positively ( example ) My Assessment of likelihood My current assessment is, despite the hype, it is unlikely the Bitcoin National Reserve will be established in any meaningful way: There may be some symbolic gesture where the Bitcoin owned by the US federal government ( currently about 200k ) is placed in a reserve; however, the federal government purchasing massive amounts of Bitcoin is probably unlikely. Based on a summary of pros and cons from the broader financial community, I personally don't find the arguments in favor of establishing a Bitcoin reserve as persuasive: Reasons supporting Bitcoin reserve My view 1. Inflation hedges against economic uncertainty and monetary instability While buying Bitcoin as an inflation hedge may make sense from an individual investor's point of view, it does not make sense from a legislative point of view. Inflation over the long run is largely due to money printing and government overspending, without addressing these root causes, proposing that the government buys bitcoin just because the government cannot balance its books doesn't sound like a strong argument to me. It's like, if a car broke down, proposing to rent a car instead of fixing it. 2. strengthen the dollar as the world's reserve currency It's not clear to me why promoting an alternative currency strengthens the dollar as the world's reserve currency. It could just as well encourage other countries to use Bitcoin and forgo the dollar. 3.exert control over bitcoin supply I'm not sure what would be achieved by the government owning 5% or 10% or 15% of all Bitcoin supply. Does having 19 million Bitcoin in circulation rather than 21 million Bitcoin in circulation somehow improve Bitcoin? By the same logic, the Federal Reserve might buy stocks just to exert control of the supply of stocks, but the stock market is doing just fine doing its own thing without such additional governmental support. Reasons against Bitcoin reserve 1. not crucial to running the economy (unlike oil reserves) This I would tend to agree with. While having mineral and resource stockpiles could be useful in times of economic crisis, stockpiling a bunch of digital tokens doesn't really do anything. If the concern were inflation, then the root cause should be addressed rather than funding a bitcoin reserve and avoiding root problems. 2.commit the state and taxpayers to backing bitcoin and create economic risks This I find some merits as well. While I can appreciate the uses of Bitcoin, does that mean the government should commit to backing it when there are so many other items on the agenda? And if the wider public has that question in mind, it may be difficult to pass actual legislation funding any Bitcoin reserve. Donald Trump's pronouncements on Bitcoin appear, in my opinion, to be telling crypto proponents what they want to hear rather than a well-thought-out policy: His initial pledge to establish a Bitcoin Strategic Stockpile in July 2024 was made at a Bitcoin conference, so it may just be electioneering and fundraising and telling the crypto crowd what they want to hear. Trump has previously made many negative comments on Bitcoin before embracing it in July 2024, e.g. in 2021 he called Bitcoin "a scam against the US Dollar". There is very little indication of what caused this change of heart. While Donald Trump has been very public and consistent about some of his policy ideas since the 1980s (e.g. getting US allies to contribute more defense spending or tariffs) and attempted to apply them during his first term as president, his change in stance on Bitcoin is relatively new and untested. This could mean even if he views Bitcoin more positively (for whatever reason), he might not push too hard for it and just make a moderate effort to placate his supporters, which might not be enough to get the Bitcoin reserve established. It contradicts with his pledge to maintain the US Dollar reserve currency status. Trump has mentioned potential massive tariffs against countries that go against the US Dollar reserve currency status. It would make no sense to expend that much effort to maintain the USD reserve currency status just to undermine it by elevating Bitcoin. Some of his points don't correspond to what is happening in reality: Trump often mentions that the US should counter China's influence in crypto while China has actually banned crypto activities in its mainland territories (allowing crypto to be conducted only in Hong Kong etc), so this type of "straw man" argument does not hold up under close scrutiny. Massive funding for something so unorthodox (purchasing 1 million Bitcoin at $100,000/each would cost $100 billion) would be relatively hard to pass in Congress. Witness in the below chart how during the Great Financial Crisis of 2008 how it took a stock market collapsing for a year before Congress would pass legislation establishing TARP. Given how we've seen in the past week the difficulty of getting run-of-the-mill stopgap spending bills through Congress, spending a hundred billion dollars purchasing Bitcoin sounds farfetched. DJIA 2008 (Online charts)
SNEK ($SNEK) and Hosky ($HOSKY) have recently been two of the biggest meme coin winners
Binance Launches Bio Protocol BIO on Launchpool ————— 💰Coin: BNB ( $BNB ) $676.80 ————— NFA.
On December 23, COINOTAG reported that Binance Alpha has unveiled its fifth batch of projects, which encompasses MGP, ZEREBRO, COOKIE, WHALES, and ORDER. Notably, the MGP token was previously highlighted