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 .
Floki Inu’s ICO might have left some investors kicking themselves, but don’t worry! If you’re looking to make up for it, BTFD Coin is offering you the opportunity of a lifetime. The coin is currently in presale, and thanks to a 50% festive discount, you can get in at just $0.000064 per token. This isn’t just another meme coin—it’s a community-driven project designed to stand the test of time. Plus, it’s no secret that meme coins like Floki Inu have shown massive growth, so imagine the potential of BTFD Coin with its strong features and strategic pricing rollout. Inspired by the 1973 market crash, BTFD Coin is taking a page from the “Buy The Dip” playbook, offering Stage 7 prices that mirror the power of buying in during a market dip. When the market starts to rise, those who bought at a discount will reap the rewards. Just like those who bought during the 1973 crash saw exponential gains once the market recovered, BTFD Coin could bring the same results for presale investors. It’s an unmissable opportunity that you can unlock with the BIG50 code. Floki Inu’s ICO – The One That Got Away Floki Inu is a meme coin that managed to make waves from the moment it launched. The project took inspiration from Elon Musk’s beloved dog, Floki, and launched with an ICO that attracted a lot of buzz. Early investors who got in on the ground floor saw their coins soar, and the rest of the market quickly took notice. As Floki Inu continued to rise, FOMO kicked in, and many were left wishing they’d acted sooner. But here’s the thing: BTFD Coin is giving you another shot. While you might have missed out on Floki Inu, you now have the chance to invest early in BTFD Coin before its value skyrockets. Just like Floki Inu, BTFD Coin has all the ingredients to be the next big thing—meme coin culture, community power, and strategic partnerships that will fuel its rise. The early bird truly gets the worm, and BTFD Coin is giving you that opportunity at a discounted price. BTFD Coin – A Meme Coin with More Than Just a Fun Name BTFD Coin is not your typical meme coin. It’s built on the idea of buying the dip, and this stage is specifically inspired by the classic market strategy used after the 1973 market crash. The idea is simple: when the market dips, it’s the perfect time to buy. And with BTFD Coin’s Stage 7 price rollback, you’re getting the dip at the lowest possible price. Besides its price strategy, BTFD Coin brings a lot to the table. The community-driven project boasts impressive staking rewards , a P2E game, and strong market backing. The presale is already building momentum, and with more than $4.38 raised so far, it’s clear that BTFD Coin has captured the interest of investors looking to strike it big. This is where the BIG50 code comes in handy. When you use the code during checkout, you’ll unlock a 50% discount on BTFD Coin, giving you access to the Stage 7 price. The discounted price of $0.000064 per token could be the perfect entry point, offering you the potential for incredible returns as the market rebounds. Investment Scenario: $5,000 in BTFD Coin at the Stage 7 Price Let’s take a closer look at how your $5,000 investment would work out with BTFD Coin at the discounted Stage 7 price of $0.000064 per coin: At this price, you would receive 78,125,000 coins—a serious chunk of BTFD Coin. Now, let’s assume the price rises to $0.0006 (which is very likely, considering the presale hype and the project’s strong fundamentals). That’s an 837% return on your initial investment, turning your $5,000 into $46,875. The potential upside is absolutely incredible—especially if the market behaves like it did post-1973, when prices skyrocketed after the recovery. Investing now could set you up for some serious profits when BTFD Coin hits the open market. How to Unlock the 50% Discount and Get In On BTFD Coin Right Now Unlocking your 50% discount on BTFD Coin is straightforward. Just follow these easy steps: Head over to the presale website and connect your wallet (MetaMask, WalletConnect, or any compatible wallet). Choose how much BTFD Coin you’d like to purchase, based on your budget. Enter the BIG50 code at checkout to activate the 50% discount. Select your payment method. Confirm your transaction, and your BTFD Coin will be sent directly to your wallet. Just don’t wait too long—Stage 7 prices won’t last forever, and after January 5th, the price will increase. This is a rare opportunity, so act fast and take advantage of the 50% discount before it’s too late! Conclusion: Your Chance to Invest in the Next Big Meme Coin If you missed out on Floki Inu’s ICO, don’t let the same thing happen again. BTFD Coin offers you the chance to get in on the ground floor of a community-powered meme coin with serious potential for growth. Thanks to its 50% presale discount, you can buy in at the lowest possible price and stand to make incredible returns as the price rises. With BTFD Coin’s Stage 7 rollback , you’re getting in at a price that reflects the power of buying the dip—just like savvy investors did during the 1973 market crash. This is your shot at massive gains when the market rebounds, and there’s no better time to invest than now. Use the BIG50 code, get your discounted coins, and join the BTFD Coin presale before it’s too late. The next big meme coin success story could be just around the corner—don’t miss out! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin The post Floki Inu’s ICO Left You Out? BTFD Coin Offers a 50% Discount for Big Returns appeared first on TheCoinrise.com .
Matador Technologies plans a $4.5 million Bitcoin acquisition. The company aims to reduce risks linked to the Canadian dollar. Continue Reading: Matador Technologies Plans to Acquire $4.5 Million in Bitcoin The post Matador Technologies Plans to Acquire $4.5 Million in Bitcoin appeared first on COINTURK NEWS .
Ethereum, Solana, and Shiba Inu are facing critical technical levels that could dictate their price movements in the near term, raising concerns among investors. As market sentiment swings between bullish
Cardano (ADA) is currently at a pivotal point, testing critical support levels amidst a blend of mixed market signals. The $0.88 support level for ADA is crucial, as several technical