After witnessing a sharp nosedive last week, BNB found solid ground and resumed buying. Although the pressure is currently low on the daily chart. It is slowly gearing up for another upward movement. Last week was a bit rough in the entire crypto space as several altcoins, including BNB, lost momentum after almost testing the $800 level. The price crashed but managed to hold above the $640 level. It recovered and slowly climbed back after holding the price level as support. However, BNB’s next move has been indecisive in the past week as the price traded calmly at around $710 after recovering well from last week’s crash. Painting a greenish scenario today following a 3% surge in the past hours, trading turned out positive as the price increased to a daily high of $737. The bulls appeared to have gained more control as volume enhanced on the intraday trading. A continuous increase in the buying volume could stir up a big surge in the coming days, although the $794 level is likely to pose a little threat on the way up. Looking at the volatility contraction on the weekly chart, the price may reach $1k by the end of the bull run. As of now, there are no signs of bears in the market. The bulls are taking charge at the moment. BNB Key Level To Watch Source: Tradingview The $761 level is the closest resistance to watch on the way up. A surge above it could bring a full recovery back to the recent top of $793.4. It may face key resistance at $800 in case of a breakup. The higher level for an increase is $900. Currently, the market is supported by $687 and $642. If these mentioned price level loses grip daily, the next key level to consider for drops is $600. Key Resistance Levels: $761, $793.8, $800 Key Support Levels: $687.7, $642, $600 Spot Price: $726.7 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: moxumbic / 123RF // Image Effects by Colorcinch
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia, raising concerns over the misclassification of clients. This lawsuit signifies a critical step in enforcing compliance
A Major Cybercrime Bust in Lagos Nigeria’s Economic and Financial Crimes Commission, EFCC, made a major raid on December 10, 2024, and arrested 792 suspects who were involved in an international crypto investment and romance scam. Among the suspects, there were 148 Chinese nationals, 40 Filipinos, and others from different countries. The operation targeted a well-coordinated fraud network headquartered in the Big Leaf Building, a seven-story facility on Victoria Island, Lagos. Fraudulent Operations Uncovered According to investigations by EFCC, the foreign suspects trained Nigerian recruits to open fake online profiles. Through WhatsApp, Instagram, and Telegram, the recruits chatted with victims, luring them into the fraud. Victims were guided to a scam investment website called Yooto.com that required an initial activation fee of $35. The modus operandi of the scheme was to identify and groom victims across North America, Europe, and elsewhere while foreign operatives would then take over the transactions. This way, the Nigerian accomplices would be cut off to make tracing financial transactions more difficult. High-Tech Equipment Seized Recoveries made during the raid by EFCC investigators included over 500 SIM cards, high-end computer systems, and mobile devices used in the fraudulent operations. Other items seized included vehicles and other electronic devices that were integral to the perpetration of the scams. The foreign operatives specifically chose accomplices from Nigeria with considerable computer skills and typing proficiency. After a two-week training, the recruits impersonated foreign nationals to establish trust with victims before passing on the fraudulent engagements to their overseas handlers. Payments to local participants were made in cash or personal accounts, bypassing any corporate systems . What’s Next? EFCC Chairman Ola Olukoyede, speaking through Director of Public Affairs Wilson Uwujaren, announced that the suspects would be charged once investigations are concluded. He highlighted the sophistication of the scam and reiterated the EFCC’s commitment to tackling cybercrime in Nigeria. This is just one of several attempts by the agency to crush cybercrime networks that have sprawled across the country. With the rise in the complexity of fraud schemes across the world, the EFCC is still improving ways to help combat fraud incidents. This raid proves that international collaboration plays an important role in tackling cybercrime and bringing justice for victims worldwide.
ShemarooVerse, exclusively launching on PWR Chain, merges Shemaroo Entertainment’s extensive content library with advanced blockchain technology. For more than six decades now, Shemaroo Entertainment has established itself as a key player in India’s media and entertainment space. It has recently announced a strategic collaboration with PWR Chain, a next-generation Layer 0 blockchain framework. ShemarooVerse, which is an intercontinental platform promised to Shemaroo Entertainment for content of the future, now enjoys PWR Chain as its official blockchain partner thanks to this collaboration. This relationship marks the first of its kind in the entertainment and technology landscape in India. It combines Shemaroo Entertainment’s wide spectrum of content and production services with PWR Chain’s scalable and efficient blockchain technology. Shemaroo Entertainment, which operates more than 50 content channels on YouTube with a reach of more than 200 million subscribers, averages more than 100 million views a day across all genres, which include Bollywood, regional, television, devotional, and children’s entertainment. In order to create an interactive, immersive digital landscape for audiences in India and other parts of the world, ShemarooVerse intends to utilize PWR Chain’s decentralized platform. PWR Chain’s blockchain technology is the most sustainable thus far, operating on a minimal carbon footprint. Unlike regular blockchains, which require high energy resources to achieve high throughput, PWR Chain achieves this with minimal power. It is capable of processing more than 300,000 transactions per second using just one CPU core per validator node. This efficiency enables seamless scaling for ShemarooVerse without any environmental impact, establishing it as a new standard in green blockchain technology in the entertainment industry. As Shemaroo Entertainment transitions its expansive IP portfolio onto the blockchain, PWR Chain’s infrastructure offers creators unique opportunities to monetize their content through tokenization and digital collectibles, a pivotal innovation in India’s content landscape. The advanced interoperability and scalability of PWR Chain allows ShemarooVerse to enjoy its developer-friendly nature. Infact, PVR Chain is the first blockchain that deploys full software applications using traditional coding languages. Leveraging PWR Chain’s instant finality and quantum-resistant security allows ShemarooVerse to provide users with a safe, dynamic, immersive digital space for authentic engagement with Shemaroo Entertainment’s iconic content. Arghya Chakravarty, COO of Shemaroo Entertainment Ltd., shared his excitement: “Partnering with PWR Chain is a big step for us in digital engagement. ShemarooVerse will now run on PWR Chain’s fast, scalable, and sustainable blockchain infrastructure. This means a better, safer experience for our audiences. We’re excited to bring ShemarooVerse to life in a way that fits today’s digital world.” Melanie Mohr, CEO at PWR Labs , chimed in: “Shemaroo Entertainment is a leader in Indian entertainment. It’s the perfect place to showcase PWR Chain’s eco-friendly, high-performance blockchain tech. This partnership highlights the power of blockchain to improve digital experiences. It also positions PWR Chain to lead growth in India’s entertainment scene.” This partnership with PWR Chain highlights Shemaroo’s dedication to digital innovation. It’s a game-changer for India’s entertainment industry, bridging traditional media with Web3. Hosting ShemarooVerse exclusively on PWR Chain, Shemaroo Entertainment and PWR Chain are setting the stage to reshape India’s digital landscape, offering creators and fans exciting new ways to engage with content. The post Shemaroo & PWR Chain Partner to Revolutionize India’s Entertainment via Blockchain appeared first on CoinGape .
No one can argue with 2024 being a breakthrough year for crypto. BTC and ETH ETFs launched, BlackRock spearheaded bitcoin adoption, a pro-crypto president was elected and BTC broke the 15-year all-time-high, to name a few. But the inflection point for crypto still awaits. Here are three predictions for 2025 that can help spark it: You're reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. 1. DeFi is about to skyrocket DeFi is becoming more complex, much like traditional finance, in terms of its product suite. We’ve already seen this trend emerging with the adoption of products like Pendle, Ethena, EtherFi and Lombard. In 2025, DeFi usage will explode, with a wave of adoption for products such as options, swaps, and other derivatives like the interest rate swap market — the latter’s market size is at 465.9 trillion USD in TradFi. Moreover, new institutional players are entering the crypto ecosystem, nurturing a new category: On-chain finance. Participation is no longer limited to buying blue-chip cryptocurrencies like BTC and ETH. These market participants also actively expand on-chain market depth by using tools such as lending markets and liquidity provision with RWA-backed digital assets, i.e. stablecoins. Securitize and BlackRock are great examples of companies pushing the frontier on this front. DeFi is almost back to its all-time-high, Source: https://defillama.com/ 2. Stablecoins will continue to grow as the crypto killer use case Stablecoins aren’t just another crypto product; they’re poised to become the digital backbone of the global financial system. Tether is the most profitable crypto company with a $5.2 billion profit in H1 2024, surpassing BlackRock. The political landscape is shifting dramatically in favour of stablecoins, with Operation Choke Point 2.0 coming to an end. They are finally being viewed as a national asset that can strengthen the dominance of the U.S. dollar and address growing public debt. This shift also paves the way for major banks and payment companies like Visa and Mastercard to expand their efforts in the sector, especially when you consider Stripe’s acquisition of stablecoin platform Bridge for $1.1 billion (the biggest acquisition in crypto ever) and rumors of Revolut launching its stablecoin. Stablecoins market cap is at an All-Time-High already at about $200 billion, Source: https://defillama.com/stablecoins 3. The race for retail adoption ETFs will be key drivers for new capital to enter crypto. BTC ETFs are here, and soon we’ll see the success of Ethereum ETFs. After SOL’s undeniable growth over the last year, the SOL ETF will either catch the momentum and become a reality in the first half of 2025 or will delay until 2026 or later. We’ll also see major Web3 social platforms compete with the LensChain mainnet launch and Farcaster’s further expansion. As the pie grows bigger, we can end up with the "Twitter/X and Facebook of crypto" platforms. Notably, “Super Wallets” took off in Q4 2024. They aim to offer a comprehensive alternative to centralized exchanges for new users. The leading players are Infinex , launched by Kain Warwick, and DeFiApp, launched by seasoned builders in DeFi. Both are working on UX problems, something we have never done very well as an industry. Bonus prediction: MiCA will power crypto expansion in Europe Crypto regulations provide the foundations for new projects. They lay the groundwork for clear rules and guidelines of organizational structure. MiCA (Markets in Crypto-Assets Regulation) attempts to bring just that with an aim to increase the importance of EUR-related assets. This could potentially bridge crypto innovation between the U.S. and Europe.
Price forecasts for XRP Coin, HBAR, Solana, and CEEK Coin are discussed. Market conditions show potential for significant gains in the next year. Continue Reading: Crypto Market Predictions for XRP Coin, HBAR, Solana, and CEEK Coin The post Crypto Market Predictions for XRP Coin, HBAR, Solana, and CEEK Coin appeared first on COINTURK NEWS .
Amid the crypto upswing, XYZVerse unites sports fans in a dynamic ecosystem, set to lead the next market wave. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid the crypto upswing, XYZVerse unites sports fans in a dynamic ecosystem, set to lead the next market wave. Table of Contents Meme coin chaos ignited by XYZ XYZ’s performance speaks for itself Don’t miss the first-mover advantage Cardano Dogecoin XRP Conclusion Bold 2025 bull run price predictions inside As the cryptocurrency market experiences a remarkable upswing, several digital assets are capturing widespread attention. Established tokens are breaking new ground, while unique newcomers are making their mark. Enthusiasts and analysts are abuzz with speculation about which cryptocurrencies will lead the charge in the rapidly evolving landscape. Among these emerging tokens is XYZVerse (XYZ) , a leading meme coin that unites sports fans across football, basketball, MMA, and more within a dynamic ecosystem. You might also like: XYZVerse presale surpasses Cardano and Toncoin in investor appeal Meme coin chaos ignited by XYZ While major cryptocurrencies inch forward, meme coins are stealing the spotlight. PNUT’s 4,500% rally and FRED’s 6,000% spike are yesterday’s news – short-lived gains that faltered under selling pressure. But XYZ is rewriting the rules, bringing the resilience and thrill of sports into the meme coin arena. A knockout champion: XYZ steps into the ring This isn’t just another meme coin. XYZVerse embodies the competitive spirit of sports legends and delivers unparalleled 1000X profit potential. In a fierce market shaped by bold moves and seismic shifts, $XYZ is proving itself as the ultimate contender. XYZ’s performance speaks for itself Launch Price: $0.0001 Current Price: $0.001 (already a 1000% gain) Next Stage: $0.001333 (+33% increase) Final Target: $0.1 All eyes are on XYZVerse, targeting an amazing 99,900% surge from launch to the TGE. Don’t miss the first-mover advantage With its presale smashing through milestones, XYZVerse is shaping up to be a badge of honor for crypto and sports enthusiasts alike. Its audited contracts and dedicated team ensure confidence, while its community-first ethos fuels its meteoric rise. In a landscape where Cardano, Dogecoin, and XRP are reclaiming their momentum, XYZVerse is the bold newcomer ready to steal the show and deliver next-level returns. Cardano Cardano (ADA) has been on an upward trend recently. In the past week, its price increased by 8.86%. Over the last month, it surged by 47.30%. Looking at the longer term, ADA has gained a remarkable 183.90% in the past six months. These figures show significant growth and increasing investor interest. Based on this data, the price of ADA might continue to rise. The current price range is between $0.94 and $1.22, which is above both the 10-day and 100-day simple moving averages of $1.09 and $1.08. The RSI is at 53.92, indicating neutral conditions. This suggests room for the price to move higher. If ADA continues its upward momentum, it could test the nearest resistance at $1.35. Breaking this level might lead towards $1.63. Reaching $1.35 would be an increase of about 10% from the current price. On the downside, the nearest support is at $0.78, a drop of around 15%. Traders should watch these levels as indicators of ADA’s potential movement. Dogecoin Dogecoin (DOGE) has had a mixed performance recently. In the past week, its price dipped by 3.14%. Over the last month, however, it gained nearly 10%. Looking at the past six months, DOGE surged by an impressive 228.17%. This shows significant long-term growth despite short-term fluctuations. Currently, DOGE is trading between $0.3588 and $0.4603. Its 10-day and 100-day simple moving averages are close, around $0.403. The Relative Strength Index stands at 47.39, indicating a neutral market. The stochastic oscillator is below 30, which might suggest the coin is oversold. The MACD level is slightly above zero, hinting at potential upward momentum. Based on these indicators, DOGE could be poised for a rise. If it moves up, it may face resistance at $0.5145. Breaking this level could lead to the next resistance at $0.6160, which is about 35% higher than current prices. On the downside, support exists at $0.3115. A drop to this level would mean a decrease of around 12%. The data suggests that DOGE has room to grow if it can overcome these hurdles. XRP XRP has experienced significant growth in recent months. Over the past six months, its price has surged by 436.51%. In the last month alone, it increased by 135.70%, and the past week saw a rise of 19.43%. Currently, XRP is trading between $2.03 and $2.73, showcasing strong market performance. Technical indicators suggest this upward trend might continue. The 10-day simple moving average is $2.63, above the 100-day average of $2.45, indicating short-term strength. The Relative Strength Index stands at 63.73, below the overbought threshold, leaving room for further growth. Additionally, the MACD level is positive at 0.0520, signaling bullish momentum. Looking ahead, the nearest resistance level is $3.02. Breaking this could see XRP aiming for the second resistance at $3.73, a potential increase of around 37%. On the downside, support levels are at $1.61 and $0.9041, which may help cushion any pullbacks. Overall, the data points to a positive outlook for XRP, with potential for continued gains in the near future. Conclusion While ADA, DOGE, and XRP are strong, XYZVerse aims for 20,000% growth as the first all-sport meme coin, blending memes and sports for community-driven success. For more information, visit the XYZVerse website and follow the project on X and Telegram for the latest updates. Read more: XYZVerse to rival XRP & Cardano in the bull market at $0.1 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The ongoing debate surrounding Aave’s support for Polygon highlights significant tensions in the decentralized finance (DeFi) sector. With a recent proposal from Stani Kulechov, the founder of Aave, the platform
Kraken, the seventh-largest crypto exchange , said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live. The network, called Ink, is based on the OP stack , a customizable framework that lets developers build their own rollups using Optimism’s technology. The team had originally planned for Ink to go live in early 2025, so the launch of its main network is ahead of schedule. Kraken agreed to receive 25 million OP tokens (worth about $58 million) as part of a deal to build on the OP Stack. Optimism has acknowledged that handing out developer grants for participants building on the stack is part of its strategy, which in turn contributes back to the wider “Superchain” ecosystem. Kraken competitor Coinbase said in August 2023 that it would build a layer-2 network with OP Stack. The product, called Base, is now the second-largest rollup network according to L2beat . At the time, Optimism said the Base team would receive up to 118 million OP tokens and, in return, would contribute the higher of 2.5% of its sequencer revenue or 15% of its profits to the Optimism Collective. Other participants building a layer 2 with the OP Stack — including Uniswap, World Network, and Sony Blockchain Labs — have not said how many OP tokens they expect to receive as part of their deals. “Today is just the beginning for Ink, and now our boldest work really begins – growing Ink,” said Andrew Koller, the founder of Ink, in a press release. “We’re pushing the boundaries of on-chain experiences to unlock new applications and opportunities for builders and users alike, layering privacy, security and UX enhancements on a foundation of deep liquidity.” Read more: Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens