Hyperliquid has firmly denied any allegations of being compromised by North Korea’s Lazarus Group, even as evidence points to suspicious transaction activity. A deeper investigation into Hyperliquid reveals vulnerabilities that
The recent unexpected success of a solo Bitcoin miner has reignited discussions on market dynamics and mining strategies in the cryptocurrency space. This solo miner’s significant earnings amid market uncertainty
A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/ BTC ) pair is flashing a “major altcoin signal.” However, he warns that altcoins still have a bit further to drop before market sentiment turns around and sparks a rally. “ETH/BTC in November got a bounce but again it still has not broken past at least the 4% level and the major level that I’m watching for an overbalance in price here is 0.046 [BTC]. That’s going to give us an overbalance in price to the upside and ideally if [the 0.032 BTC] low isn’t taken out, it’ll be overbalanced in time as well and that would be that major altcoin signal, when everyone has that extreme greed, the excitement and the belief that these markets are just not going to come back down. We’re still not there yet so I don’t think it’s too crazy to think that we’d see further at least consolidation but until that happens, you’re probably not going to get that same extreme excitement to the upside.” According to the trader, ETH/BTC is mirroring the same pattern it did in 2020 before taking off. “It’s similar to what happened in December of 2020 and what followed December 2020 is your massive January bar: big, big volume, big reversal… So we have a look back to January [2021]. Y ou start to see that volume really pick up early on and just come back out of nowhere. You can see [December 27th, 2020] it started to pick up and [on] the 3rd of January [2021], [a] nice big move. Third and fourth [of January], [ETH/BTC] starts to break those tops and then consolidate above those support levels. You can see they’re around 3% and then it started to move again – sure it came back down, but that gives you the overbalance that you’re looking for, meaning more buyers for a longer period of time and they’re holding the price up. That’s exactly what we need to see, and we haven’t seen it yet with the ETH/BTC chart.” ETH/BTC is valued at 0.0342 BTC ($3,264.68) at time of writing. 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 Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino appeared first on The Daily Hodl .
If such events become more frequent, it could create an imbalance in demand and supply, potentially affecting Bitcoin’s price in the long-term.
On December 24th, COINOTAG News reported a significant **security breach** involving the Japanese cryptocurrency exchange DMM Bitcoin, where an estimated **48.2 billion yen worth of Bitcoin was stolen**. The incident
Donald Trump’s administration is expected to pursue executive orders on day one to push cryptocurrency forward, with potential plans for a national bitcoin reserve and expanded crypto banking access. Crypto Industry Prepares for Possible Day-One Executive Orders From Trump’s White House U.S. President-elect Donald Trump is expected to move swiftly on cryptocurrency initiatives, with industry
Bitcoin has continued to see declining performance in recent days with on-chain metrics offering valuable insights into market behavior. Among these metrics, the Spent Output Profit Ratio (SOPR) for long-term holders has particularly emerged as a critical tool for assessing investor sentiment and market resilience. Long-term holders, defined as investors holding Bitcoin for over 155 days, are often viewed as a stabilizing force in the market. Their selling patterns can significantly influence price trends, making SOPR an indicator worth watching. Related Reading: Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals Long-Term Holder Trends And Market Sentiment Recent analysis from a CryptoQuant analyst known as Cryptoavails highlights that Bitcoin’s long-term holder SOPR metric continues to exhibit notable patterns as Bitcoin’s price trends upward. Historically, SOPR values above 1 indicate that long-term holders are selling at a profit, while values below 1 suggest they are offloading their holdings at a loss. This behavior reflects broader market confidence or capitulation during periods of price decline. Currently, the SOPR metric remains consistently above 1, signaling that long-term holders are selling profitably without adding significant downward pressure on Bitcoin’s price. The analysis from Cryptoavails tracks key phases in the Bitcoin market over the past two years, highlighting significant shifts in SOPR values. For instance, in early 2022, the SOPR metric showed high volatility with frequent spikes, suggesting intense profit-taking activity by long-term holders. Amid these sales, Bitcoin’s price experienced a downward trend, reflecting persistent selling pressure during that period. This trend gradually shifted in late 2022 and early 2023 when the SOPR metric mostly remained below 1, indicating that long-term holders were selling at a loss as the market sought to find stability. By mid-2023, the SOPR began trending upwards, signaling renewed confidence among long-term investors. The metric consistently moved closer to or above the critical level of 1, suggesting that long-term holders were once again selling at a profit while market confidence began to recover. This upward trend has remained intact into 2024, supported by Bitcoin’s rising price levels. Importantly, there have been no significant sell-offs by long-term holders, reinforcing the broader market’s stability, according to the crypto analyst. SOPR As A Forward Indicator For Market Growth Overall, Cryptoavails mentioned that the current state of Bitcoin’s SOPR suggests a healthy market dynamic, with long-term holders contributing to a stable price structure. Despite periodic corrections, the sustained presence of SOPR above 1 indicates that selling pressure remains controlled. Related Reading: What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains The analyst also pointed out that this behavior reflects market maturity, where long-term investors are not rushing to offload their holdings despite Bitcoin’s price appreciation. Regardless, Bitcoin has continued to consistently decrease in price since its sharp drop below $100,000 last week. At the time of writing, Bitcoin trades at a price of $93,991 down by 1.6% in the past 24 hours. Featured image created with DALL-E, Chart from TradingView
Elon Musk xAI has raised $6 billion in its latest funding round, according to a filing with the U.S. Securities and Exchange Commission. This round adds to the $6 billion raised earlier this year, bringing the company’s total funding to $12 billion. The capital injection positions xAI to expand its generative AI initiatives and enhance its competitive edge. Elon Musk xAI Achieves $12B Total Funding After Latest $6B Round According to a recent report , Elon Musk xAI has successfully secured $6 billion from investors, including Andreessen Horowitz, BlackRock, Fidelity, Nvidia, and others. This latest funding round exclusively involved previous investors, many of whom had supported Musk’s acquisition of X (formerly Twitter). The funds bring xAI total capital raised to $12 billion. The company plans to use this funding to accelerate the development of its generative AI model, Grok, and expand its ecosystem. This substantial financial backing positions the firm to compete with industry leaders such as OpenAI and Anthropic. Moreover, the Grok AI model, developed by xAI, powers a range of features on X, including a chatbot available to premium and free users in select regions. Known for its functionality, Grok can generate images through the Flux generator, analyze visuals, and summarize trending news. In October, xAI launched an API allowing developers to integrate Grok into third-party apps and platforms. The company also introduced a standalone iOS app for testing, further extending its generative Artificial Intelligence capabilities. Memphis Data Center and Infrastructure Upgrades To support its ambitious goals, Elon Musk xAI operates a Memphis data center equipped with 100,000 Nvidia GPUs. The facility, constructed in just 122 days, currently relies partly on diesel generators. According to the blog post, the company has plans to double the center’s capacity in 2025, securing approval for additional power. The upgraded infrastructure will also benefit Tesla, with plans to integrate xAI’s developments into autonomous driving technologies. This expansion reflects Elon Musk’s vision to enhance AI applications across industries. While Elon Musk’s xAI has made rapid advancements, it continues to face fierce competition. Rivals such as Anthropic and OpenAI have also secured billions in funding. Following the growing competition, earlier this month, the Tesla CEO filed a lawsuit against OpenAI and Microsoft, accusing them of anti-competitive practices. The lawsuit alleges that OpenAI coerced investors to avoid supporting rivals like Musk’s xAI. Musk’s legal team claims that Microsoft’s $13 billion investment in OpenAI led to conflicts of interest and market manipulation In addition, Meta CEO Mark Zuckerberg emphasized the need for stricter oversight to prevent nonprofit entities from exploiting their status for financial gain. Joining Elon Musk, Zuckerberg called for a formal investigation into OpenAI’s transition, highlighting potential misuse of tax-exempt donations and resources. The post Elon Musk xAI Secures $6B To Boost Generative AI Expansion: Details appeared first on CoinGape .
In a recent development highlighted on December 24th by COINOTAG News, Aave is contemplating the integration of a novel Chainlink oracle designed to facilitate the redistribution of front-run transaction profits
Dogecoin (DOGE) could be in for a prolonged period of pain, following by an explosive rally starting in April 2025. That’s according to the analysis of X user Master Kenobi, who outlined this interesting take in a recent tweet. What if DOGE… …is gearing up for its third and final leap in such a scenario? A slow drop until April 15, followed by a strong pump starting May 5, reaching its peak around mid-August? Not saying it will happen, but it caught my eye, and I thought I'd share it with you… pic.twitter.com/M2kcNs7JPT — Master Kenobi (@btc_MasterPlan) December 21, 2024 Master Kenobi looked at the price action of Dogecoin in 2024, where it saw a surge to highs in the $0.23 area, before then stagnating for months ahead of a breakout in the final final months of 2025 to new yearly highs above $0.40. If this price pattern repeats, that could mean Dogecoin is in for a period of stagnation until mid-April, before then breaking out again around the mid-point of next year. Could a Dogecoin Rally Come Sooner? Its an interesting theory. But the Dogecoin bulls will be pleased to hear that risks are very much tilted in favor of the Dogecoin price rallying much sooner than next April. Why? The facetiously named Department of Government Efficiency (D.O.G.E) , headed by none other than Elon Musk (an ardent Dogecoin supporter for years now) is set to officially land in Washington in January. Incoming US President Donald Trump , whose administration is set to be the most pro-crypto in history, has given DOGE a mandate to reduce fraud and waste in government spending. Musk is already having an impact in Washington – his vocal criticisms on X of a recent Congressional spending bill resulted in the bill being reduced from over 1500 pages in length to a little over 100. Expect D.O.G.E to dominate the headlines in 2025, all but ensuring that Dogecoin retains a commanding portion of mindshare in the meme coin markets . That means as the Trump trade returns to lift crypto prices higher, as is likely in the coming weeks, DOGE will be a prime candidate to outperform. However, chart analysis continues to point to downside risks for the Dogecoin price, for now. Last around $0.32, Dogecoin fell under its 21 and 50DMAs following its price collapse last week. And DOGE is yet to retest its early 2024 highs in the $0.23 area, which will be a key target for the bears. Chart analysis suggests DOGE could be headed lower in the short term. However, if it does reach the low $0.20s, it could be a great coin to buy on the dip. With Dogecoin likely to vault above $1.0 and post gains in the 5x region this bull market, it’s a strong candidate for best crypto to buy now . Dogecoin Alternative to Consider – Flockerz (FLOCK) While Dogecoin could do very well in 2025, there are many smaller, lesser-known meme coins that could post far larger gains. The team at crypto news.com keeps a close eye on the meme coin market as they hunt for high-potential projects. And one new meme coin they like a lot is an exciting new DAO-powered vote-to-earn meme coin called Flockerz (FLOCK) . Big Announcement for The Flock In just 30 days the Flockerz presale will end. This is your last chance to get in on the ground floor, to grab your share of the presale head on over to: https://t.co/HKN509Un5J It's time to join The Flock! pic.twitter.com/OWkEzSXu3u — Flockerz (@FlockerzToken) December 23, 2024 One of the reasons analysts at crypto news.com are so excited about this token is the impressive pace at which is has been raising funds from earlier investors. Despite only launching a few weeks ago, Flockerz (FLOCK) has already attracted over $7.6 million from eager buyers. Couple that with its impressive social media metrics, and this token is looking like a meme coin that could really pop. With new meme coins like Fart Coin recently hitting a $1 billion market cap, the appetite for novel new meme coins appears elevated. FLOCK could easily become one of the best meme coins to launch in 2024. ClayBro outlines in the video below why he thinks FLOCK is set to launch at the perfect time, just ahead of a new meme season. The post Dogecoin’s Third Leap Incoming? Analyst Predicts Explosive Rally After Dip appeared first on Cryptonews .