The post Do Kwon’s Extradition Sparks High-Stakes Trial Over Terra Ecosystem Scandal appeared first on Coinpedia Fintech News The fallout from the collapse of Terraform Labs continues to unfold, with prosecutors estimating that its co-founder do kwon do kwon Do Kwon is a cryptocurrency developer who is the Co-Founder and Chief Executive Officer of Terraform Labs. With Terraform Labs, he also founded the telecommunication company Anyfi and served as its CEO, a peer-to-peer communication solution using mesh network technology. Eventually, in 2018. He founded Terraform Labs along with his friend Daniel Shine, intending to develop a decentralized price-stable cryptocurrency such as LUNA. He successfully led the Terra Blockchain by constantly developing new blockchain technologies, products, protocols, and platforms, including anchor, prism, and mirror. Through Terraform Labs, Do Kwon developed the Terra proof-of-stake, a public blockchain built on the Cosmos SDK. He is also the founder of another failed stablecoin project, Basis Cash, an Ethereum-based token created by Nader Al-Naji. Entrepreneur Developer/Programmer Chief Executive Officer may have defrauded over one million people worldwide. This staggering number stems from the implosion of the Terra ecosystem in 2022, which sent shockwaves through the crypto market and triggered a cascade of bankruptcies among major firms. Following the news, Lunc is down by 1.68% and currently hovering around $0.0001193. Massive Victim Count and Legal Proceedings In a court filing on January 6, Acting US Attorney Daniel Gitner informed the Southern District of New York about efforts to notify Kwon’s victims of their rights. Given the scale of the fraud and the anonymity of many transactions conducted through foreign exchanges and digital wallets, traditional methods of victim outreach were deemed impractical. Prosecutors plan to establish a dedicated website to keep victims informed about court proceedings. Kwon appeared in a US court for the first time on January 2 after being extradited from Montenegro . He pleaded not guilty to nine felony charges, including fraud related to Terraform Labs. Despite his plea, he remains in custody as the case progresses. Do Kwon’s preliminary hearing is scheduled for January 8, 2025. A Trail of Market Chaos The Terra ecosystem’s collapse in 2022 marked a pivotal moment in crypto history, wiping out billions of dollars in value and destabilizing the market. Kwon’s arrest in Montenegro in 2023 followed months of international pursuit, with both the US and South Korea vying for his extradition. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple vs SEC Settlement Rumors Spark Optimism for XRP Investors , Kwon now faces criminal charges in the same jurisdiction as disgraced crypto executives like Sam Bankman-Fried of FTX and Alex Mashinsky of Celsius . His case adds to the growing list of high-profile legal battles in the crypto world, highlighting the sector’s ongoing struggle with accountability and regulation. In a related civil case, a US judge found Kwon and Terraform Labs guilty of fraud in April 2024, ordering them to pay $4.5 billion in penalties . Whether Kwon will strike a plea deal or proceed to trial remains uncertain, but his case underscores the devastating impact of crypto fraud on investors worldwide. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: 'd7fd22e276', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { var templateId = '6'; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById('unsubscribe_' + templateIdStr); var idNotMatchTosubscribe = document.getElementById('subscribe_' + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is happening with Do Kwon? Do Kwon faces nine fraud charges in the U.S. after the Terra ecosystem collapse, defrauding over 1M people. His trial begins January 2025.
BitMEX co-founder Arthur Hayes predicts Bitcoin and the crypto market will peak before mid-2025, followed by a sharp correction. Hayes based his prediction on the US dollar liquidity environment that unfolds in Q1 2025 as Donald Trump takes charge at the White House on January 20. Bitcoin and Crypto Market In Early 2025 BitMEX co-founder Arthur Hayes expects a crypto market rally will last until Q1 2025, as per a new blog on January 7. He cites a pro-business environment and pro-crypto policies as Donald Trump takes charge, which will continue to drive Bitcoin and other crypto assets higher. However, he also warned about a potential crash ahead for the market once it hits its peak in around March. “Sasa” is an essay where I explain y I think #crypto tops out in mid-Mar and then severely corrects. Until then is time to dance. https://t.co/Apt124sOjp pic.twitter.com/LKQ24GMtpq — Arthur Hayes (@CryptoHayes) January 6, 2025 Notably, he stresses that the US Dollar liquidity will continue to drive optimism in crypto. Hayes believes that recent policy shifts, particularly from the U.S. Federal Reserve and the Treasury Department, will influence Bitcoin price trajectory. Similar to the peak of the Fed’s Reverse Repo Facility (RRP) in Q3 2022, global liquidity saw a surge. Also, BTC found its bottom and reversed its trajectory since then. Hayes predicts that the Fed will continue its quantitative tightening (QT) at a pace of $60 billion per month until mid-2025. This will reduce liquidity in the financial system. This, along with the recent decision to adjust RRP rates, will likely cause liquidity levels to fall sharply in the first quarter of 2025. Source: Arthur Hayes However, it won’t be a matter of major concern says Hayes as he believes that other sources of liquidity will offset this concern. He added that the U.S. Treasury through its General Treasury Account (TGA) would inject liquidity into the market by spending funds rather than issuing debt, especially if the debt ceiling is raised in time. Source: MaelStorm Hayes predicts a net injection of $612 billion in US Dollar liquidity by the end of March 2025. If this happens, it will provide a significant boost to Bitcoin as well as the broader crypto market. He said that it will be interesting to see whether Trump’s political clout will allow for a timely resolution of the debt ceiling situation. If the Treasury successfully navigates the debt ceiling issue and injects liquidity into the market, it could propel crypto assets, including Bitcoin, through the first quarter of 2025. Hayes recommends that investors remain bullish on the crypto market, suggesting the first quarter could offer a significant upside. A Corrective Phase After Q1 2025 As per Arthur Hayes, the bullish phase may not last after Q1 2025 as liquidity conditions tighten and the Trump pump buzz fades away. Thus, he expects the market to enter a corrective phase after the first quarter. With both fiscal and monetary support waning, Bitcoin and the entire crypto market could face significant pullbacks, he said. Additionally, tax season — with payments due in mid-April — will further deplete the TGA and create a liquidity squeeze. This might further dampen the investment sentiment, per Hayes. Arthur Hayes anticipates that this correction may manifest as a pullback similar to the one BTC experienced in mid-2024, following its local highs earlier in the year. “In 2024, Bitcoin hit a local high of ~$73,000 in mid-March, then traded sideways, and began its multi-month decline on April 11th right before the 15th tax payment deadline.” As Hayes remains optimistic for Q1 2025, he announced that his firm Maelstorm plans to shift into “DEGEN mode,” opting to invest in emerging decentralized science (DeSci) projects . His portfolio includes tokens such as BIO, VITA, ATH, GROW, PSY, CRYO, and NEURON. The Bitcoin price is showing strength currently extending its weekly gains to more than 10% and is currently trading past $102,000. Amid this recent surge, the 24-hour total liquidation has shot up to $58 million of which $47 million is in short liquidation, per the Coinglass data. Also, the open interest is up by 4% highlighting optimism among futures traders. The post Bitcoin, Crypto Market To Peak By March Followed By Crash, Predicts Arthur Hayes appeared first on CoinGape .
Toyota’s futuristic “Woven City” will open this year at the base of Mt. Fuji and will initially house the car maker’s employees and families.
The meme coin SPX6900 has set a significant milestone, passing the $1.5 billion market cap for the very first time on Jan. 7, 2024.
The meme coin SPX6900 has set a significant milestone, passing the $1.5 billion market cap for the very first time on Jan. 7, 2024. This follows increased trading activities and rising interest in meme coins as an asset class in the crypto market. It goes without saying that it has placed SPX6900 ( SPX ) among the best-performing digital assets in the early days of 2025, which is often known as the January effect . https://twitter.com/blocknewsdotcom/status/1876436386334605787 Trading at $1.53, the token gained 1.87% in the past 24 hours, with a daily trading volume exceeding $95 million, highlighting growing investor interest. PX’s market cap surpasses $1.5 billion as its price soars to $1.80, marking a significant milestone in the token’s performance during the last quarter of the year. Sourced from Coinglass by crypto.news. You might also like: Binance will launch SPX6900 on USDT Perpetual Contract on Dec. 10 SPX is a meme coin that runs on the ETH blockchain, which comes at a time when meme coins continue to catch market attention with their combination of speculative appeal and cultural resonance. Described in its unofficial manifesto as “the stock market for the people,” the token symbolizes a movement toward economic liberation and an alternative to traditional wealth creation systems. As of today, the circulating supply is estimated to hover around 931 million, with about 6.9% of tokens or roughly 69 million burnt. The token uses the Wormhole technology to be a cross-chain asset, enhancing availability across different blockchain estates. You might also like: DOGE millionaires shift focus to Popcat, SPX6900, and XYZVerse—12,000% growth forecasted SPX’s market perspective From a market point of view, the token could rise on support from technical indicators that show a rather bullish sentiment. The Moving Average Convergence Divergence (MACD) has seen the MACD line cross above the signal line, a classical bullish determinant. SPX6900’s MACD analysis shows bullish momentum with a significant upward crossover in late 2024, indicating sustained buying pressure and growing market enthusiasm into early 2025. Source: TradingView The MACD histogram, which displays green increasing bars, refers to the uninterrupted buying pressure. Moreover, the rise in the trading volume indicates some ongoing enthusiasm within the market. SPX futures open interest surges past $65 million as the SPX price hits $1.50, reflecting growing trader participation and bullish sentiment in early January 2025. Sourced from Coinglass by crypto.news. In addition, open interest for SPX futures has grown consistently and surpassed $65 million on Jan. 7, 2025, according to Coinglass. Specification of trader inflows points to increased trader sentiment and willingness to operate in the derivatives market. The growing open interest and an increase in holder counts suggest SPX’s growing adoption. According to Santiment , the number of holders rose from 14,955 in Oct. 2024 to over 23,667 in last week of Dec 2024, reflecting the market confidence that the token is witnessing in early January. Read more: SPX price pumps 130% in a week – Here are the next meme coins that could explode
Bitcoin's price has surged significantly recently, nearing its all-time high. Analysts note a concerning decrease in Bitcoin liquidity and supply. Continue Reading: Bitcoin Surges Toward New Heights as Liquidity Dwindles The post Bitcoin Surges Toward New Heights as Liquidity Dwindles appeared first on COINTURK NEWS .
The meme coin market is buzzing like a beehive at a summer picnic, and it’s not showing any signs of slowing down. With new projects popping up weekly, investors are on the lookout for the next big hit. These coins, often infused with humour and community spirit, have captured hearts and wallets alike. Recent developments suggest that meme coins aren’t just a passing fad; they’re becoming a legitimate investment avenue. As we step into 2025, savvy investors are keen to spot those hidden gems that promise maximum returns. One coin that’s really stealing the show is BTFD Coin (BTFD). With its presale raising over $5 million and more than 7,700 holders already on board, it has quickly become a focal point in the meme coin frenzy. This isn’t just another coin; BTFD Coin is packed with exciting features like a Play-to-Earn game, a phenomenal 90% APY on staking, and a referral programme that rewards you for bringing your mates along for the ride. If you’re searching for the top new meme coins to buy and hold for short term, BTFD should be at the top of your list. 1. BTFD Coin (BTFD) Let’s dive deeper into BTFD Coin, which is making waves for all the right reasons. Launched on January 1, 2025, BTFD’s Play-to-Earn game is what many are talking about. This game adds a layer of excitement to the investment, allowing users to earn while they enjoy themselves. The beta version went live during the presale’s tenth stage, although no rewards are earned yet. Still, the mere fact that it’s there has sparked interest and anticipation within the community. When you think about BTFD Coin, it’s not just about the fun and games. The staking option, which went live on December 2, offers an impressive 90% APY. Imagine earning that while holding onto your investment! This feature alone makes BTFD one of the top new meme coins to buy and hold for short term gains. The presale began at a staggeringly low price of $0.000004, and as of the current stage, it’s reached $0.000142. If you’re patient enough to see it through to its final listing price of $0.0006, the potential for profit is mouth-watering. Additionally, BTFD Coin has introduced a referral programme, which allows users to earn bonuses for bringing in new investors. This community-driven approach fosters a sense of belonging and encourages collective growth. With over 62 billion BTFD coins already sold, the momentum is building and the buzz is palpable. Why did this coin make it to this list? BTFD Coin is not just a meme; it’s an investment packed with utility, community spirit, and serious earning potential. If you’re looking for excitement and returns, this coin has it all. 2. Notcoin Next up is Notcoin, a cheeky little project that’s turning heads in the crypto community. While the name might suggest a lack of ambition, it’s actually a nod to the playful nature of meme coins. Notcoin aims to disrupt the market with its innovative approach and has already garnered a dedicated following. The developers are focused on building a solid ecosystem that encourages user participation and interaction. What’s particularly compelling about Notcoin is its community engagement strategy. Through various social media campaigns and contests, Notcoin is fostering a sense of belonging among its users. This kind of grassroots support is essential for the longevity of any meme coin. The presale has been met with enthusiasm, and many believe that Notcoin could be a dark horse in the race for returns. Investors are particularly excited about the upcoming features that Notcoin plans to roll out, including NFT collaborations and gamified rewards. These elements align perfectly with the current trends in the meme coin space, making it a smart pick for those looking to capitalise on short-term gains. Why did this coin make it to this list? Notcoin has a unique charm and a community-driven approach that makes it a worthy contender among the top new meme coins to buy and hold for short term profits. 3. Turbo Now let’s talk about Turbo, a coin that’s all about speed—both in transactions and in community engagement. Turbo’s goal is to provide lightning-fast transactions while maintaining a fun and engaging environment for users. The presale has seen a steady influx of investors, all eager to get a slice of what Turbo has to offer. What sets Turbo apart is its commitment to transparency and community involvement. The developers are keen on building a platform where users can voice their opinions and contribute to the project’s growth. This sense of ownership is crucial in the meme coin space, where community support can make or break a project. Turbo has also announced plans for trading competitions and user rewards, which are sure to keep the excitement levels high. With so many innovative features in the pipeline, it’s easy to see why investors are buzzing about Turbo. This coin embodies the spirit of meme culture while offering genuine utility, making it one of the top new meme coins to buy and hold for short term gains. Why did this coin make it to this list? Turbo’s blend of speed, transparency, and community engagement makes it an attractive option for those looking to dive into the meme coin market. 4. Ponke Last but certainly not least is Ponke, a project that’s been gaining traction thanks to its quirky branding and fun approach to crypto. Ponke is all about community and creativity, aiming to build a platform where users can express themselves while earning rewards. The presale has sparked interest, and there’s a growing buzz around what Ponke could achieve. What makes Ponke particularly appealing is its gamified features. Users can earn tokens by participating in various activities and challenges, adding an extra layer of excitement. This kind of engagement not only keeps the community active but also attracts newcomers eager to join in on the fun. Ponke’s developers are keen on creating a vibrant ecosystem that rewards users for their creativity and participation. With plans for contests and community events, it’s clear that Ponke is serious about building a loyal following. For those seeking a light-hearted yet potentially lucrative investment, Ponke is certainly one of the top new meme coins to buy and hold for short term returns. Why did this coin make it to this list? Ponke brings a unique blend of fun and engagement, making it a captivating choice for investors looking to jump into the meme coin phenomenon. Conclusion As the meme coin market continues to evolve, there are plenty of opportunities for savvy investors to explore. Coins like BTFD Coin, Notcoin, Turbo, and Ponke offer unique features and community-driven approaches that make them stand out. If you’re on the lookout for the top new meme coins to buy and hold for short term maximum returns, these projects are definitely worth considering. Join the BTFD Coin presale now and seize the opportunity to be part of an exciting investment journey. With its innovative features and promising returns, you won’t want to miss out on this chance. Happy investing! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
The post Crypto Price Today (Jan 07th, 2025): Bitcoin Price Climbs Above $100k | WLD, RNDR, BTT Surge Big! appeared first on Coinpedia Fintech News The crypto market today has started its Asian trading hours on an optimistic note, with the total market cap increasing by 1.06% in 24 hours to $3.58 trillion. Everyday business saw a significant spike of 39.66% to $127.33 billion. Successively, the Fear & Greed Index currently sits at 66, indicating growing “Greed” among investors. Bitcoin Price Today Surges Above $100k! Bitcoin price today is up 2% over the previous day to $101,722.53. Strong institutional backing helped the BTC price rise from its 24-hour low of $98,713.65 to a peak of $102,712.49. As a result, the market cap has risen by 2.05% to $2.01 trillion, while the trading volume boasted an impressive surge of 89.17% to $49.57 billion. Curious about BTC’s next price target? Read our Bitcoin Price Prediction 2025, 2026-2030 ! Altcoins Resist Bitcoin’s Movement? Ethereum price suffered some headwinds on its daily chart, dipping by 0.66% to $3,669.87. Solana and XRP on the other hand, saw rather subtle changes, with SOL price sinking 0.18% to $216.23, and XRP edging up 0.17% to $2.42. Interested in Ethereum’s price forecast? Check out Ethereum Price Prediction 2025, 2026-2030 ! Top Gainers & Losers The day’s flag-bearers include Worldcoin (WLD), which rose by 5.80% to $2.57, followed closely by Render Token (RNDR) and BitTorrent (BTT), with gains of 5.14% and 5.07%, respectively. On the losing side, FARTCOIN took a blow, plunging by 15.88% to $1.15, while ENA and VIRTUAL followed suit, slipping by 8.01% and 7.62%. FAQs 1. How much is the global cryptocurrency market worth today? The global cryptocurrency market cap stands at $3.58 trillion, marking a 1.06% increase in the past 24 hours. 2. Which tokens performed best today? The top gainers are Worldcoin (WLD) with a 5.80% rise, Render Token (RNDR) with 5.14%, and BitTorrent (BTT) with 5.07%. 3. What is the current sentiment in the cryptocurrency market? The Fear & Greed Index is at 66, reflecting a “Greed” sentiment, signaling optimism among investors.
The Solana network is poised for a major upgrade with the introduction of the SIMD-215 proposal, which aims to tackle the pressing “state growth problem” affecting scalability. This innovative approach
More on Asia EWJ: Good Valuation And Long-Term Outlook With Significant Short-Term Risks In Mind FXI: A Temporary Bounce Or The Calm Before China's Storm? BOJ: Kuroda's radical monetary easing was not as effective as planned