Binance Alpha, an initiative by Binance to support and promote early-stage blockchain projects, has revealed the third batch…
XRP wipes out $40 million as price swings like meme
In 2024, cryptocurrencies made significant strides in mainstream adoption, but 2025 will be the year of transformative follow-through.
The Fed's statements caused increased volatility in cryptocurrency markets. Recent US economic data presents mixed signals for cryptocurrencies. Continue Reading: Traders React to Fed Announcements and Economic Data The post Traders React to Fed Announcements and Economic Data appeared first on COINTURK NEWS .
El Salvador has made a significant leap forward by securing a $1.4 billion agreement with the IMF, addressing fiscal challenges while incorporating Bitcoin into its economy. The deal emphasizes voluntary
Jerome Powell is a remarkable man. Whether you like him or not doesn’t change that. A quick look at his resume tells you this is a guy with a level of intelligence only few have ever attained. Now as head of the Federal Reserve, he oversees the world’s most powerful central bank, a machine designed to keep the financial system in line. Then here comes Bitcoin, the decentralized, no-rules wild card of global finance. It’s absolutely no surprise that Powell is skeptical. But the reasons for his hate go deeper than surface-level complaints about volatility or hype. The Fed boss sees Bitcoin as a threat, not just to stability but to the entire financial order he’s tasked with maintaining. During his infamous press conference yesterday, Powell doubled down on where he stands. “We’re not allowed to own Bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change.” But it’s not even what he said. It’s how he said it. The comment was in response to a question that has to do with President Donald Trump’s proposed Bitcoin strategic reserve, and Powell almost looked insulted at it before he opened his mouth. As expected. Predicting his rate cut patterns might be hard, but it’s pretty easy to see that Mr. Powell will never like Bitcoin, even if he secretly respects it. And guess what? That’s completely fine. We’re not here to change his mind. Bitcoin’s bad image: Incels, degens, and chaos traders Bitcoin’s reputation doesn’t help its case either. While Wall Street giants and institutional investors Powell respect have started to embrace it, the crypto is still deeply tied to its roots in online subcultures. Terms like “incels” and “degens” get thrown around in Bitcoin communities, referring to high-risk traders who often treat the market like a casino than a strategic investment space. These are people hyping coins with memes, driving up prices with no basis in fundamentals, and cashing out before the crash. This speculative madness fuels Bitcoin’s extreme price swings. For someone known to be a calculated overthinker, Powell doesn’t have to look far to see the chaos here. Literally, just after his comments yesterday, the top crypto shed 5% of its value in mere hours, dragged down in part by the US stock market. Right there, that’s the problem. The toxic reputation extends beyond trading behavior. Online Bitcoin communities often come across as hostile and shockingly sexually inappropriate, alienating women and high-level thinkers like Powell. And if we’re being honest, Trump being pro-Bitcoin could also be seen as a red flag. Trump, Bitcoin, and the war over a strategic reserve Republican Senator Cynthia Lummis has proposed creating a Strategic Bitcoin Reserve, an idea as bold as it is controversial, if not a bit ludicrous. Under the plan, the Treasury would purchase 200,000 Bitcoins annually, building a reserve of one million tokens. The funding would come from Federal Reserve deposits and gold holdings. So Trump would literally need a go-ahead from Powell to launch this thing. Analysts at Barclays believe the plan would face “stiff resistance” from the Fed. And as we’ve reported before, Powell has rare bipartisan support so strong that he’d easily defeat Trump in a face-off. He kind of already is. The way we see it, this guy is the most powerful person in the world. A single action of his will affect every single life in the world right now. Now to Powell, the idea of a Bitcoin reserve funded by the Treasury is an affront to the very principles of central banking. Why would he risk the global economy and his legacy just to appease the Oval? Powell doesn’t even need to argue against the bill, the numbers speak for themselves. A single comment from him can shave hundreds of billions off Bitcoin’s market cap overnight. Imagine what would happen if the Fed actually tried to hold it. Keep in mind that America is the largest economy on earth. If it goes down, everyone’s gonna go down. Powell’s resistance isn’t just about practicality. It’s also philosophical. The Federal Reserve exists to stabilize the economy, not to gamble on assets that spike and crash with tweets or Reddit posts. Powell’s approach is rooted in decades of financial experience too. Before leading the Fed, he worked at The Carlyle Group, a private equity powerhouse. He’s seen firsthand the dangers of unregulated markets, and Bitcoin checks all the wrong boxes. Powell’s long history of skepticism Powell’s career is a case study in risk aversion. As Under Secretary of the Treasury for Domestic Finance, he dealt with the intricacies of financial regulation and policy-making. His role during the 2008 financial crisis shaped his perspective on stability and oversight. His leadership during the COVID-19 pandemic required aggressive monetary interventions to stabilize markets. Bitcoin’s role as a hedge against fiat currency collapses may hold to an extent, but to Mr. Fed, it’s just a nuisance — a volatile asset that could disrupt the delicate balance he works to maintain. However, it’s not unknown that Powell tends not to like being told what to do, especially when it’s coming from the man who publicly harassed and criticized him time and time again. He just might be itching for a fight. Yesterday, he said he doesn’t see them cutting rates for the most part of next year, which means they’ll be high. Trump hates that. He’ll talk. He’ll verbally attack Powell a lot. And that’ll only make him hate Bitcoin and everything else the president supports even more. Sure, Trump could sit down and have a chat with Powell, maybe even win him over. But he’s Trump, so it’s safe to assume that he likely won’t be doing that. When it comes to the 2025 Fed, Mr. President is the wrong hype man for Bitcoin. Unfortunately for us all.
As 2024 winds down, the crypto market continues to solidify its position as the financial frontier, offering both promise and complexity. Between the flood of data, volatile market swings, and the constant fear of missing out (FOMO), it is easy to feel overwhelmed. Staying focused on the right strategies and tools can often mean the difference between success and missed opportunities. While many tools are available, not all meet the diverse needs of a trader like myself—from social media monitoring to tracking whales’ behavior. Yet, the good news is that whispers of new features and strategies from emerging platforms, such as Wisdomise , which I happened to be a user of since two months ago, hint at tools that could further simplify my decision-making and boost trading confidence. I thought about sharing my recent experience with these emerging intelligent tools with you. Wisdomise has this cool product called Coin Radar that has recently gained attention among traders and influencers for its ability to provide real-time insights, helping users navigate complex market conditions more effectively. There are growing discussions within the crypto community about potential upgrades to the platform as well as some news about the future of the platform being exclusive to the company’s token ($WSDM) holders only (while I’ve heard they are planning for some token-burning mechanisms as of next year as well). While the implications of these updates remain speculative, some analysts suggest they could influence the token's future value and exclusivity of the underlying platform. Let's explore four key tips to help you stay ahead and win in the crypto market in 2025 - all reflecting on my first-hand experience with Wisdomise’s products over the last few weeks. Analyzing Social Media and News: Stay Ahead of the Curve When it comes to fundamental analysis, news and social media can make or break a token, with trends often taking off on platforms like X before appearing anywhere else. A message from a major influencer, a new partnership announcement, or a regulatory update can cause prices to soar—or plummet—within hours, if not minutes. This makes monitoring social media and news channels crucial for spotting opportunities early. Take Elon Musk's tweets about Dogecoin as an example: traders who caught the tweet early and acted quickly saw significant gains. If you are not actively tracking crypto X or monitoring major headlines, you risk falling behind. However, manually scanning through all this data on social media is nearly impossible (and we talk about millions of messages daily) and can distract you from executing your overall strategy. That is why AI tools are becoming essential for consolidating and analyzing this data in a timely manner. Among the available tools, let’s consider Social Radar, one of the Coin Radar’s core features. It analyzes millions of posts across platforms like Reddit, X, and Telegram in real-time, offering actionable insights and timely signals about each moving coin. With its multi-source integration, the Social tab compiles insights from various social platforms, offering a centralized view of market sentiments. The Markets tab focuses on identifying current trading opportunities and market trends, while the Technical Ideas tab aggregates trading insights from sources like TradingView, helping traders access relevant data to support their trading decisions way faster than traditional ways. Using Indicators: Leverage Data for Smarter Decisions Technical analysis remains a cornerstone for traders looking to predict price movements. In the crypto market, indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are among the key metrics traders use to predict price movements. They provide valuable insights into market conditions, but they come with their own set of shortcomings. RSI helps identify overbought or oversold conditions, yet it can be misleading during strong trends, where prices continue rising or falling despite extreme levels. MACD tracks momentum and signals buy/sell opportunities, but it often needs to catch up to price action, making it less useful in fast-moving markets. For traders, the challenge is understanding the inner dynamics of these indicators and knowing when to trust them. Relying too heavily on one can lead to false signals, while trying to incorporate multiple indicators can be overwhelming and confusing. Again reflecting on my experience with Wisdomise’s products, their Technical Radar is presumably using AI to simplify technical analysis , offering dynamic visualizations and real-time insights - in new ways, even for active traders like myself. As markets become increasingly volatile, such tools are becoming indispensable for navigating complex price movements. Technical Radar offers dynamic heatmap visualizations and multi-timeframe monitoring for RSI, making it easy to spot overbought/oversold conditions and patterns. For MACD, it tracks trend strength, momentum, and signal line crossovers and detects divergences. After getting used to their way of presenting technical indicators, it is not easy to switch to the old-school use of these indicators anymore. Following Smart Money: Track Major Players With Confidence Large players—whether whales, institutions, or major funds—are the invisible force behind many market movements in crypto (if not all financial markets). Their substantial trades can trigger sharp price shifts and influence the overall sentiment. For example, a whale accumulating Bitcoin can signal a bullish momentum, while a sudden sell-off might trigger widespread fear. By tracking whales’ trades, you can gain an advantage in spotting trends before they become mainstream. However, it is also important to note that whales can sometimes manipulate the market, and by the time most traders react, it may be too late. While monitoring whale movements offers valuable insights, it is not always a surefire way to profit. Identifying the right whales and pinpointing promising tokens requires time, effort, and precision. In my opinion, in 2025, platforms offering accurate and timely whale tracking tools will become increasingly popular. Interestingly, Wisdomise has thought about this angle as well with its Whale Radar, which enables traders to monitor significant transactions, detect accumulation or sell-off trends, and act quickly based on where “smart money” is flowing. Real-time visibility into major players’ movements can provide the sort of competitive edge traders need to identify trends early before they hit mainstream attention in order to capture supernormal yields.. 4.Bonus Hint: Whispers of Upcoming Upgrades and Features As traders look for reliable tools to navigate, some major platforms are generating buzz with rumors of new upgrades to their offerings. Referring to my personal experience with Wisdomise products, whispers among analysts and influencers point to significant news on the horizon, including a burning mechanism (hence, deflationary economy) for their $WSDM token, which could reduce the total supply and drive up value through scarcity. Adding to this some degree of exclusivity they are seemingly planning to impose in favor of their token holders brings $WSDM to my hot watchlist for 2025. They seem to have a new which, to my best of knowledge without testing or using any, involves AI automation covering multiple blockchains (sources have said TON, SOL and ETH thus far), which potentially can revolutionize DeFi trading. If done well these AI-driven automations, alongside accurate, real-time insights, will help traders of all levels stay ahead of the market and capture real profits through 2025. These potential upgrades could reshape the platform’s role within the crypto community, further solidifying its value to traders. While details remain speculative, analysts are keeping a close eye on developments that can impact the price and utility of $WSDM. All in all if these rumors materialize in reality, they may set a new standard for AI-powered crypto trading in the year ahead. Winning in the 2025 crypto market will require more than intuition; it demands access to cutting-edge tools and strategies. As tools evolve and new technologies emerge, traders who leverage these advancements in their favor will be best positioned to thrive in the next chapter of crypto’s bull market. Stay tuned until we’re back with new insights and more tips that turn you into a pro trader over time. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
November witnessed a significant boost in Solana decentralized application (DApp) ecosystem, driven by a surge in memecoin activity and the blockchain’s decentralized finance (DeFi) applications. Explosive Growth in Solana DApp Revenue According to Syndica, a research platform focused on blockchain analytics, Solana-based DApps collectively earned $365 million in November. Among these, the memecoin launchpad Pump.fun stole the spotlight by becoming the first Solana DApp to generate over $100 million in monthly revenue. Specifically, Pump.fun raked in a staggering $106 million in November, further cementing Solana’s position as a hub for thriving decentralized applications. Memecoin-related DApps have proven to be the largest revenue generators within Solana’s DApp ecosystem, with a remarkable $509 million earned this year. These applications alone have experienced an explosive 300-fold growth in 2024, with November alone contributing a hefty $183 million to their total. Pump.fun Faces Backlash Despite the financial success, Pump.fun’s rise wasn’t without controversy . On November 25, the platform was embroiled in criticism after disturbing reports emerged of users engaging in or threatening violent acts during livestreams. In response, Pump.fun paused its livestreaming feature indefinitely, pledging to introduce better moderation systems to prevent such incidents in the future. This move, however, led to a sharp decline in the platform’s weekly revenue, which fell by 66% in the final week of November. The weekly earnings dropped from $33.8 million to just $11.3 million after the livestream feature was halted. Despite the revenue drop, Solana’s ecosystem continued to shine with other top-performing DApps such as the token discovery platform Photon and the decentralized exchange (DEX) Raydium, which also contributed heavily to the overall revenue surge. The data indicates that Solana’s DApp sector has been largely fueled by DeFi and memecoin applications, with DeFi alone accounting for 83.7% of the total revenue generated in 2024. Interestingly, memecoin DApps have outpaced traditional DeFi applications in terms of revenue growth. Alongside these, other sectors such as Telegram bots and Spot DEXs have also contributed significantly. With the surge in DApp revenue, Solana has demonstrated not only its ability to attract top-tier projects but also its potential to capitalize on emerging trends, including the memecoin boom. The post Solana DApp Ecosystem Soars in November with Memecoin Boom: Report appeared first on TheCoinrise.com .
Curve founder Michael Egorov was liquidated for 918.83K CRV ($882,000) after CRV fell by more than 12% over the past 24-hours. The head honcho of the decentralized finance (DeFi) lending platform suffered a series of mammoth liquidations earlier in 2024 after taking out loans to purchase CRV and bolster the price. $140 million in total was liquidated in June . "Many of you are aware that I had all my loans liquidated. Size of my positions was too large for markets to handle and caused 10M of bad debt," Egorov wrote at the time. The most recent of those purchases was worth $1.2 million on Dec. 17, at which point CRV was at trading at $1.11 before it tumbled to around $0.91 on Thursday. Egorov took to X following Thursday's liquidation, stating that the liquidated CRV was tied to the uWu hack in June and that the liquidation was simply a "receipt of Sifu's [uWu's founder] promise to repay the hacked funds." This didn't prevent further selling, however, as CRV significantly underperformed against the CoinDesk 20 Index, which is down by 4.81% at the time of writing against CRV's decline of 12%. Total value locked (TVL) on the Curve platform is down from $3.5 billion on Dec. 16 to $3.25 billion on Thursday, although much of that can be attributed to dwindling asset prices.
Dubai, December 19th 2024: In the fast-paced world of Web3, where information is currency and speed is key, staying updated is essential. To meet this need, ChainGPT’s AI News Agents have joined forces with Binance Square to redefine how users stay informed about cryptocurrency, blockchain, and Web3. Through AI-powered content, this partnership ensures millions remain up to date with every critical development. ChainGPT's AI News Agents scouts the internet every 60 minutes, generating concise news articles on trending topics. This service, available on ChainGPT dApp eliminates the need for exhaustive searches across multiple platforms thereby providing investors, developers, and enthusiasts the latest news. Commenting on this partnership, Ilan Rakhmanov, Founder & CEO, ChainGPT said “By partnering with Binance Square, we're not just delivering news—we're empowering an entire ecosystem of Web3 enthusiasts, investors, and professionals with our AI News Agents that deliver insights that cut through the noise. Our collaboration means that millions of users will now have instant access to objective, real-time information, transforming how they understand and interact with the rapidly evolving blockchain landscape.” The AI News Agents service addresses the growing challenge of information overload and potential bias in crypto news reporting. As ChainGPT prepares for the full launch of AIVM in 2025, the company is already taking significant steps towards this vision with the release of AI News Agents, its first autonomous AI solution. Key Features of the ChainGPT AI News Service: Hourly Updates: The AI system scans and processes information every 60 minutes, ensuring users have access to the latest developments Bias Mitigation: Advanced AI algorithms extract key insights while minimizing human bias and unnecessary content Dual Access Points: Available through both the ChainGPT V1 Dashboard (daily market snapshots at 8:00 AM UTC) and the ChainGPT Chatbot (real-time market updates) Real-time Learning: Continuous adaptation to new information, supporting various use cases including community modules and interactive reading guides The service is now live on Binance Square and offers users a streamlined experience for accessing crypto and blockchain news. Link to the service here: https://www.binance.com/en/square/profile/ChainGPTAINews About ChainGPT Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space. As a relatively young but rapidly growing project, ChainGPT's mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3. Learn more at: https://www.chaingpt.org/ General Resources: Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | CGPT DAO | AI NFT Generator | Staking | Blog | Community and Social Media: Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok For Media Queries Richa | richa@chaingpt.org & Sharon | sharon@chaingpt.org ➡️To learn more about ChainGPT, visit the official ChainGPT.org website ➡️For all inquiries, please contact support@chaingpt.org 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.