Nifty Island, a pioneering Ethereum-based gaming platform, is set to launch its much-anticipated ISLAND token, marking a significant development in the play-to-earn ecosystem. This innovative project, which highlights community engagement
Ether.Fi’s innovative proposal to regularly buy back ETHFI tokens aims to bolster value for stakers amidst the evolving DeFi landscape. This initiative not only signals Ether.Fi’s commitment to its community
A closely followed on-chain analyst says that investors are pulling out massive amounts of Bitcoin ( BTC ) over the last week. Popular analyst Ali Martinez says in the second week of December, market participants took out nearly $4 billion worth of BTC from crypto exchanges. Citing data from digital asset analytics firm CryptoQuant, Martinez details a steady downtrend in the overall balance of BTC on crypto exchanges. “Another 40,000 BTC were withdrawn from exchanges over the past week, totaling over $3.92 billion!” Source: Ali Martinez/X However, Martinez also says that Bitcoin miners have unloaded massive amounts of BTC during the first half of the month. “So far in December, Bitcoin miners have sold over 140,000 BTC, totaling $13.72 billion!” Source: Ali Martinez/X Despite the selling pressure from miners, Bitcoin appears unfazed now that BTC has hit yet another all-time high, currently trading at $105,331, up 5.7% in the last week. Looking at Ethereum ( ETH ), Martinez details three on-chain metrics flashing bullish for the top smart contract platform by market cap. “On-chain metrics for Ethereum are looking strong this week: – Active addresses up 4.24% – New addresses up 2.65% – Zero-balance addresses down 4.06% Momentum is building for ETH!” Source: Ali Martinez/X At time of writing, ETH is trading right above the $4,000 mark, moving sideways over the last week. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Investors Withdraw Nearly $4,000,000,000 Worth of Bitcoin From Crypto Exchanges Over Past Week, Says Analyst appeared first on The Daily Hodl .
Whales accumulated 24M FTM tokens ahead of the Sonic upgrade.
Ethereum gaming platform Nifty Island is launching its ISLAND token. Here’s what you need to know about the airdrop, tokenomics, and more.
One feline-inspired memecoin is surging after a surprise listing by Binance, the world’s largest crypto exchange in the world. In a new announcement, Binance says that Simon’s Cat ( CAT ) will be available for trade starting Tuesday over the BNB Chain ( BNB ). Amid the news, CAT is trading for $0.00006245 at time of writing, up nearly 45% in the last 24 hours. With a market cap of $420.8 million, CAT is the 244th largest crypto project. The project is celebrating the support on the social media platform X. “CAT is proud to be the first cat coin listed on Binance. BNB Chain is where it all started and it remains the best chain to build on, NEVER FORGET.” Binance also says that PENGU, the new utility token for non-fungible token project Pudgy Penguins, will be available for trading on Tuesday after an airdrop on Monday. The project announced earlier this month that it planned to launch PENGU on the Solana ( SOL ) network. “With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character… PENGU will have a total supply of 88,888,888,888 and will launch on Solana.” At time of writing, PENGU has not yet been launched. Binance is attaching a seed tag to both CAT and PENGU, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Triggers Rallies With Surprise Listing Announcement for Cat-Themed Memecoin and NFT Project appeared first on The Daily Hodl .
The ongoing nomination of Caroline Crenshaw for a second term at the SEC underscores the pivotal shifts in regulatory attitudes toward cryptocurrency in the U.S. As the Senate Banking Committee
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
SoftBank Group, a prominent Japanese financial and technology giant, has recently revealed plans to invest $100bn in the U.S. within the next 4 years. This program, announced by CEO Masayoshi Son together with President-elect Donald Trump plans to bring 100,000 jobs with a focus on developing artificial intelligence and infrastructure. The announcement was made at Trump’s Mar-a-Lago estate in Palm Beach, Florida. Trump also made emphasis on the commitment of the administration to wooing foreign direct investments to boost the country’s economy. Son spoke positively about the U.S. economy after Trump’s win, and this is in line with SoftBank’s focus on innovation in the country. Funding to propel AI innovation The investment will be made by the Vision Fund and a majority stake in Arm Holdings, a semiconductor company, and other sources. Some of the funds may be fresh capital, but the investment could also encompass prior-announced initiatives, such as SoftBank’s $1.5 billion financing of OpenAI , the creator of ChatGPT. Such a large investment belief that SoftBank sees the United States as a center for technological innovation. Son pointed to the company’s emerging optimism about the nation’s economic prospects, which backs the new administration’s emphasis on new technologies. The investment is expected to focus on artificial intelligence and other technologies in the United States. The president noted that the initiative is crucial for maintaining the US as a technological leader in the modern world. This is also in line with Japan’s attempt to cement its economic ties with the US despite existing trade tensions in the new administration. According to Stanford University’s AI Index, the United States is the most advanced country in AI, with the best research, private investment, and responsible development compared to China. The report reveals that private funding for AI in the US was $67.2 billion in the last year, while in China, it was $7.8 billion. Also, the United States remains a leader in producing scholarly articles on ethical applications of AI in business. It also recognizes that China has made a significant increase in the development of AI, as evidenced by its leading role in patent applications and increased research output. However, the United States is still leading owing to the development of infrastructure, legalized system, and power diplomacy. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.