Bitcoin’s price remains resilient above $96,000, signaling a consolidation phase as institutional interest resurges in the cryptocurrency space. Recent ETF inflows indicate growing confidence among investors, even amidst the cryptocurrency’s
Winter Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Winter Pepe (PEPEWINT), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPEWINT is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Winter Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Winter Pepe could become the next viral memecoin. Winter Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Winter Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Winter Pepe by entering its contract address – CUreLFB9SJmu6WEpotjmLJgt1khhdpneukDRJsbXFCGM – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPEWINT. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Singapore, Singapore, December 27th, 2024, Chainwire LBank , a leading global crypto exchange, has reinforced its position in the blockchain industry with the successful conclusion of its Bullrise Konnect 2024 event. Held on December 14, 2024, in Abuja, Nigeria, this event garnered over 400 registrations and more than 50,000 online impressions, making it one of the most significant blockchain gatherings in the region. Themed "Leveraging Digital & Emerging Technologies for Inclusive & Sustainable Economic Growth", the LBank Bullrise Konnect 2024 event served as a platform for critical dialogue on the impact of blockchain and digital transformation in Africa. The diverse audience—including government representatives, industry leaders, and blockchain advocates—engaged in insightful discussions on digital transformation and economic growth. Attendees had the opportunity to network, share ideas, and explore collaborations aimed at leveraging blockchain to drive real-world change and sustainable development, particularly within emerging economies. The event featured keynote speeches from influential figures in the blockchain and digital transformation fields. Mr. Ekene Ugwu, Partnership Lead at Early Founders Lab, discussed the potential of blockchain to foster sustainable economic growth, particularly by bridging the gap between emerging economies and the global digital economy, promoting financial inclusion, and enhancing transparency. Mr. Israel Hosanna, Community Manager at Aleo Nigeria, shared insights on the role of digital transformation in emerging economies, emphasizing how blockchain can shape Africa’s future economic landscape. A highlight of the event was the 100,000 Naira prize, sponsored by ICP Sahara, awarded to a startup company called Taiwo Cinematography, which focuses on documenting tech and blockchain events. This initiative underscores the importance of empowering young entrepreneurs and supporting small businesses that contribute to the growth of the blockchain ecosystem. The event brought together a wide range of industry leaders and organizations. Some of the notable companies in attendance included Early Founders Lab, Emerald BlockTech, Sahara ICP Hubs Network, Blackstallion Funds, Pencil Protocol, Candleweb, and Material Bitcoin. Meanwhile, the extensive media coverage by leading crypto outlets helped amplify the event’s key messages, ensuring it reached a global audience. The presence of key government representatives, including officials from Nigeria’s Ministry of Science & Technology and the Ministry of Trade and Investment, highlighted the growing recognition of blockchain technology as a catalyst for economic development. Their participation reflects the Nigerian government's commitment to fostering innovation and technology-driven economic policies, as well as LBank’s increasing influence via promoting blockchain-based innovation in the region. As LBank continues to work to shape the future of blockchain technology, the company remains committed to fostering innovation, supporting entrepreneurs, and contributing to the global adoption of digital assets. The success of Bullrise Konnect 2024 further solidifies LBank’s mission to drive economic growth, both in emerging markets and globally, through the transformative power of blockchain. Looking ahead, LBank plans to further expand its global footprint in the coming year by hosting and participating in more events, collaborating with key stakeholders, and exploring new opportunities to build an inclusive, sustainable, and tech-driven future. About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily derivatives trading volume of more than $67 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the meme coin market, LBank has listed over 240 mainstream meme coins and 40 meme gems, with several achieving gains of over 500%. As the industry leader in first-time meme coin listings, LBank has become the go-to platform for meme coin investors. Users can follow FLBank for Updates Website: https://www.lbank.com/ Twitter: https://twitter.com/LBank_Exchange Telegram: https://t.me/LBank_en Instagram: https://www.instagram.com/lbank_exchange LinkedIn: https://www.linkedin.com/company/lbank For media requests, users may contact: Email: press@lbank.com ContactPR & Communications TeamLBankpress@lbank.com 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.
The post GMT Price Defies Crypto Market Slump, Targets Another 85% Rally appeared first on Coinpedia Fintech News GMT, the native token of Stepn, is making waves in the cryptocurrency realm with its impressive performance. On December 27, 2024, while the overall cryptocurrency market struggles to gain momentum including Bitcoin (BTC), Ethereum (ETH), and XRP, GMT has outperformed all major assets with a significant 55% upside momentum. GTM Price Momentum At press time, GMT is trading near $0.21 and has experienced an upside momentum of over 55% in the past 24 hours. During the same period, its trading volume has skyrocketed by 1,350%, indicating heightened participation from traders and investors amid an ongoing bull run. The significant upside momentum can be attributed to its bullish price action, a recent breakout, and continuous accumulation by whales. Source: Coinglass GMT Technical Analysis and Upcoming Level According to expert technical analysis, GMT recently broke out of a consolidation zone where whales had significantly accumulated tokens. However, while GMT initially broke out of the zone yesterday, it failed to sustain above it. Despite this, strong trader interest and a notable rise in long positions have propelled GMT by 55%. Source: Trading View With this notable upside momentum, GMT has reached a crucial resistance level, where it previously faced selling pressure and a price decline. However, this time, the sentiment appears different as traders and long-term holders continue to bet on the altcoin, potentially helping it break through the strong hurdle near $0.214. Based on the recent price action, if GMT breaches the recent resistance level and closes a daily candle above $0.22, it could soar by 85% to reach the $0.40 mark in the future. However, during the rally, a hurdle at the $0.25 level could pose challenges for the altcoin. GMT Open Interest Soars by 210% According to the on-chain analytics firm Coinglass , GMT open interest has surged by 210% in the past 24 hours, indicating the formation of new positions by traders. Additionally, long-term holders who recently accumulated GMT tokens during the consolidation phase appear to be dumping them onto exchanges, as reported by Coinglass data. Data from GMT spot inflow/outflow reveals that exchanges have witnessed a significant inflow of $1.02 million worth of GMT, indicating token dumping. However, this inflow is comparatively lower than the amount of tokens accumulated by long-term holders.
The post Montenegro Signs Extradition Order For Do Kwon To The United States appeared first on Coinpedia Fintech News In a latest development, Minister of Justice Bojan Božović has signed the decision ordering the extradition of Do Kwon to the United States of America (USA), as per a report from Vijesti . Previously, the Supreme Court of Montenegro had ruled that the legal conditions for extraditing Do Kwon were met, following extradition requests from both South Korea and the United States. Extradition Request To South Korea Rejected Notably, the Ministry of Justice reviewed the Supreme Court’s verdict and considered factors such as the severity of the criminal acts, the location of the offense, the order of extradition requests, the citizenship of Do Kwon, the possibility of further extradition, and other relevant circumstances. “In view of the above, it was concluded that most of the criteria provided by the law support the request for extradition by the competent authorities of the United States of America, and the Minister of Justice issued a decision allowing the extradition of Kwon Do Hyeong to the United States to the United States, and at the same time refuses extradition to the Republic of Korea,” the Ministry of Justice noted in a statement. For context, the US and South Korean authorities have been investigating Do Kwon for his role in one of the biggest disasters in cryptocurrency history. In May 2022, the value of two cryptocurrencies he created, TerraUSD and Luna, plunged, wiping $40 billion from the cryptocurrency market and setting off a chain reaction that pushed other digital crypto companies into bankruptcy, according to US media. Investors around the world lost their savings. The investigation concluded that Do Kwon had lied to investors and was suspected of hiding wealth.
Bitcoin supply on Binance, the world’s biggest digital asset exchange by trading volume, has plummeted to levels not seen since January 2024. Two months after BTC reserves on Binance slumped, Bitcoin saw a parabolic 90% rally just two months later in March. Long-Term Holding Gains Traction CryptoQuant contributor Darkfost noted in a Dec. 25 note that Binance’s BTC reserves recently dropped below 570,000 BTC — the lowest level since January of this year. Historically, falling exchange reserves indicate that holders are moving their Bitcoin holdings to cold storage as they are incredibly bullish about the asset’s price in the long term rather than keeping them on exchanges for selling in the short term. Binance’s BTC reserves fell to a similar level in January , whichpreceded a 90% bull run two months later, with the alpha cryptocurrency hitting a record high of $73,737 on March 13. “When periods of withdrawals occur, it is often a sign of positive momentum building in the market,” Darkfost wrote. Time For Another 90% BTC Price Surge? Bitcoin appeared set to recapture the $100,000 mark after rallying past $99,400 on December 24 just before Christmas Day. The upsurge, however, stalled at around $99,886 on Thursday, and BTC has since nosedived to sub-$96,000. At press time, Bitcoin is trading for $96,696 per coin, according to CoinGecko data. Less than a week ago, the benchmark cryptocurrency was valued at a whopping $108,000, hitting a historic price as the holiday season neared. Nonetheless, a hawkish Federal Reserve dented the asset’s rally by expressing a more cautious approach to rate cuts in 2025. However, Bitcoin is expected to retake the six-figure price tag amid Donald Trump’s imminent presidential inauguration on Jan. 20, which is considered a bullish event for crypto regulations in the US. Many are waiting to see whether Trump will establish a national Bitcoin reserve. Meanwhile, if history repeats itself as predicted by CryptoQuant’s Darkfost, BTC could soar to as high as the $185,000 price point in the coming months from its current levels.
XRP has demonstrated remarkable resilience in the crypto market, rebounding to $2.20 after facing recent volatility. With a trading volume surge of nearly 20%, investor confidence is returning, signaling potential
Raoul Pal anticipates a significant price movement for Ethereum soon. Bullish flag patterns indicate Ethereum may outperform Bitcoin. Continue Reading: Raoul Pal Predicts Significant Movement in Ethereum Prices The post Raoul Pal Predicts Significant Movement in Ethereum Prices appeared first on COINTURK NEWS .
KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $21 million worth of bitcoin, amounting to 217.18 BTC. The purchase comes after the company announced that it would adopt a Bitcoin standard,