PRESS RELEASE. Lightchain AI, the revolutionary AI-focused blockchain platform, has captured the attention of tech enthusiasts and investors alike. With a remarkable $2.7 million raised in just three weeks, Lightchain AI has successfully concluded funding for Stage 6 and is heading into Stage 7 with unstoppable momentum. This marks a major milestone for the project
A Bitcoin ( BTC ) whale that last transacted about 44 months ago has awakened and moved over half a billion dollars worth of the flagship crypto asset, according to on-chain data. Blockchain analytics platform Arkham Intelligence says that the Bitcoin whale, which last transacted in April 2021, has moved the large BTC stash to two new addresses for a total fee of $45.93. “A whale that has been dormant for over three years has just moved $530 million of Bitcoin into two new addresses, with one holding $420 million and the other holding exactly 1000 BTC (approximately $107 million).” Source: Arkham/X Source: Arkham/X Arkham Intelligence also highlighted MicroStrategy’s latest Bitcoin purchase. The business intelligence firm recently bought $1.5 billion worth of Bitcoin at an average price of $100,400, translating to an addition of around 15,350 BTC. Bitcoin is trading at $106,850 at time of writing. As of December 15th, MicroStrategy held 439,000 BTC acquired at an average price of $61,725 per Bitcoin. Arkham also highlighted the latest crypto purchase by Wall Street giant Fidelity Investments. Fidelity Investments acquired Ethereum ( ETH ) worth $250 million last week. According to Arkham Intelligence, the purchase of $250 million worth of ETH last week represented 16% of the inflows into Fidelity’s spot Ethereum exchange-traded fund (ETF) at the time. As of December 16th, the cumulative net inflows of Ethereum into Fidelity’s ETH ETF amount to $1.38 billion. Source: Arkham/X Ethereum is trading at $3,988 at time of writing. 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 Bitcoin Whale Wakes Up After Three Years To Move $530,000,000 in BTC to New Wallets, Pays $46 in Fees: Arkham appeared first on The Daily Hodl .
Solana (SOL) finds itself at a critical juncture as it tests demand at a price level that previously acted as key resistance. Since late November, SOL’s price has been in a retrace, dampening the hype surrounding the cryptocurrency. The prolonged decline has left investors uncertain about the next move for Solana, with many questioning whether it can regain its bullish momentum. Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon Top analyst Jelle recently shared a technical analysis on X, shedding light on Solana’s current setup. According to Jelle, Solana has formed a falling wedge pattern—a classic bullish formation—into what was once a critical resistance level. The price has confirmed this level as support, providing a potential foundation for a significant rally in the near term. If the support holds, it could reignite bullish sentiment and position Solana for another strong run. However, a failure to sustain this level may signal further downside, potentially eroding confidence in its long-term trajectory. As Solana navigates this pivotal moment, all eyes are on whether it can reclaim its former glory and capitalize on the momentum. Solana Finding Fuel To Take Off Solana has experienced a 23% retrace from its local high of $264, set on November 22. Despite this decline, the cryptocurrency is holding firm above the $210 level, a crucial support zone that has analysts optimistic about a potential rally to new all-time highs. The resilience shown by SOL at this level suggests that bullish momentum may be building as the price consolidates. Top analyst Jelle recently shared his insights on X, highlighting a bullish technical setup for Solana. According to Jelle, SOL has formed a falling wedge pattern, a structure often indicative of an upcoming breakout. Importantly, the wedge aligns with a key resistance level that has now been confirmed as support, strengthening the case for further upward movement. Jelle also points out that Solana has formed its first higher low during this retracement, a potential signal that the asset is poised to resume its bullish trend. He believes Solana could re-enter price discovery before Christmas, forecasting a target of $300 in the coming days. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? However, risks remain, particularly if the consolidation phase continues for longer than expected. Should SOL fail to break out decisively, it could struggle to regain the upward momentum necessary to challenge new highs. For now, Solana’s ability to hold above $210 will be critical in determining its next move. Testing Reactive Demand Solana finds itself at a critical turning point, trading at $216 and holding firm above the $210 mark—a level that once acted as significant resistance. This key support level now plays a pivotal role in determining whether SOL can ignite a historic rally. The current price action reflects growing optimism among investors, with many anticipating that staying above $210 for just a few days could trigger a sharp recovery. Analysts suggest that if SOL maintains its foothold above this critical level, a swift move toward $250 would likely follow. Such a recovery would position Solana to regain its bullish momentum and potentially challenge its all-time high (ATH). While this scenario might seem ambitious, SOL has previously demonstrated its capacity for rapid upward moves during similar conditions. Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? A strong confirmation of support at the $210 level could attract fresh buying interest, creating the foundation for the next leg of its rally. With momentum on the horizon, the coming days will be critical in determining whether Solana can make history and aim for unprecedented price levels. Featured image from Dall-E, chart from TradingView
$307 Million in Liquidations Occurred in the Last Hour, with $284 Million from Long Positions and $23 Million from Short Positions; $36 Million from Long Liquidations in Bitcoin Alone —————
Osprey Funds, a leading crypto investment firm, has announced the launch of the Osprey BNB Chain Trust, the first public fund in the United States based on BNB, the native token of the BNB Chain ecosystem. BNB, the fifth-largest cryptocurrency by market cap (excluding stablecoins), forms the cornerstone of the BNB Chain, which enables decentralized applications, DeFi protocols, and smart contracts. However, BNB’s lack of listing on centralized U.S. exchanges limits access for American investors. The Osprey BNB Chain Trust now fills that gap, providing exposure to BNB and USD-denominated investments through traditional brokerage accounts and IRAs. Initially offered through private placement, the Osprey BNB Chain Trust has moved to public trading on the OTCQX market, making it available to investors nationwide. Related News: Investment Company CIO Announces Bitcoin Price Prediction: “If This Happens, Even $200,000 Will Look Strange” Osprey Funds CEO Greg King highlighted the company’s mission to connect traditional finance with the expanding digital asset ecosystem. “At Osprey, we are committed to bridging the gap between traditional finance and digital assets and providing investment solutions for those looking to participate in the generational transformation enabled by blockchain technology,” King said. “The launch of the Osprey BNB Chain Trust underscores our focus on providing access to leading crypto assets.” *This is not investment advice. Continue Reading: Fund Created in the US for a Surprise Altcoin – ETF Footsteps?
Lightchain AI ignites excitement as crypto watchers predict Solana-style 17,100% surge. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI ignites excitement as crypto watchers predict Solana-style 17,100% surge. Table of Contents What sets Lightchain AI apart from other altcoins Solana’s 17100% surge Lightchain AI has the potential to be bigger than Solana Lightchain AI (LCAI) is transforming the blockchain industry by merging Artificial Intelligence (AI) with decentralized technology. The Lightchain AI presale is live, offering tokens at an entry price of $0.003. This altcoin presents immense potential, drawing comparisons to Solana (SOL), which experienced explosive growth just a few years ago. What sets Lightchain AI apart from other altcoins In the realm of cr͏yptocurrency͏, Lig͏htchain AI stands out with its approach to uniting AI and blockch͏ain te͏chnology. Unlike ot͏her altcoins, it will incorporate AI in a specialized PoI algorithm to enhance artificial intellig͏enc͏e via d͏ecentraliza͏tion. Lig͏htch͏ain AI will use blockchain technology’s distributed ledger to bring transparency and immutabili͏ty to intricate m͏achine learning procedures. This will guarantee the accuracy and t͏amper-proof na͏ture of data use͏d in training AI models, leading to m͏ore depend͏able and credible resu͏lts. The PoI consensus mechanism will also enhance scalabili͏ty by al͏lowing many AI oper͏ations to operate at same time on network. This will empower Lightchain AI to handle large͏ amounts of data and comple͏x co͏mputati͏ons, making it suitable for diverse ͏business applications. Tokenomics Total supply – The total supply of LCAI tokens is capped at 10 billion. Token utility – LCAI tokens will be utilized for transaction fees, staking for governance participation, and accessing premium features within the ecosystem. Distribution – The token distribution strategy will ensure sustainability and equitable allocation among ecosystem participants. Roadmap: Phase 1 – Prototype development Phase 2 – Testnet rollout Phase 3 – Mainnet launch Phase 4 – Ecosystem growth Phase 5 – Global adoption Phase 6 – Open-source innovation hub Phase 7 – Sustainability and scalability Phase 8 – Iterative evolution This structure reflects Lightchain AI’s commitment to continuous development and widespread adoption. By combining AI and blockchain, LCAI presents a significant opportunity for investors and developers seeking to engage with cutting-edge decentralized technologies. You might also like: Dogecoin’s community watch Lightchain AI with interest Solana’s 17100% surge In 2021, Solana experienced a remarkable surge, with its price increasing from approximately $1.51 to over $259.96, a gain of around 17,100%. This rapid appreciation was driven by factors such as high transaction speeds, low costs, and a growing ecosystem of decentralized applications. Investors who recognized Solana’s potential early on saw substantial returns, turning modest investments into significant profits. This historical precedent suggests that emerging altcoins with strong technological foundations and real-world applications can achieve similar exponential growth. However, it’s important to note that the cryptocurrency market is highly volatile, and past performance does not guarantee future results. Investors should thus conduct thorough research and consider market dynamics before making investment decisions. Lightchain AI has the potential to be bigger than Solana Lightchain AI is poised to surpass Solana by integrating AI with blockchain technology, offering solutions that address current industry challenges. Its unique Proof of Intelligence (PoI) consensus mechanism will enhance both scalability and energy efficiency. Additionally, its Artificial Intelligence Virtual Machine (AIVM) will provide a dedicated environment for seamless AI computations, enabling the development of advanced decentralized applications across various sectors. The ongoing presale of LCAI tokens at $0.003 presents a unique opportunity for early investors, with analysts projecting significant growth. By focusing on real-world applications and sustainable practices, Lightchain AI is set to redefine the blockchain landscape, positioning itself as a formidable competitor to established platforms like Solana. To learn more about Lightchain AI, visit their website , whitepaper , X , or Telegram . Read more: ETH eyes $8k, PEPE targets $0.0002 and Lightchain AI aims for $2 from $0.003 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 chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire also says the US’ fiscal situation is “not in order” – something that could also be aided by a transparent digital dollar system. “First and foremost, we have to focus on the strength and competitiveness of the dollar first. We have a situation in the world where while the dollar is the reserve currency, there are lots and lots of places in the world that don’t want the dollar to be that currency. So first we need full reserve digital dollars, like stablecoins to become a mass export product of the United States and if there’s going to be a major currency of the internet, make sure it’s a digital dollar… The fundamental issue that we have here is a sound money issue. We don’t have sound money principles embedded in our monetary system right now. Virtually every government in the world is – I won’t say they are all bankrupt – but they are in massive debt. The United States has an enormous amount of debt, its fiscal house is not in order.” The CEO calls upon US regulators to clearly define what digital assets are, how they can be bought and sold, and how they can be used. “The big thing is we need statutes that define what these different types of digital assets are. Digital tokens are a huge innovation and they are an innovation in economic incentives and others. We need laws that say here is what a digital token is, here is how you offer one, here is how you distribute it and users can use it, whether it’s a game or whatever it is.” 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 Stablecoins Should Become Mass Export Product of the US, Says Circle CEO Jeremy Allaire appeared first on The Daily Hodl .
Federal Reserve chair Jerome Powell reiterated the bank’s position on a Bitcoin reserve from an existing legal perspective. Speaking at a routine conference after announcing monetary decisions, Fed chair Powell stated that the U.S. central bank cannot own Bitcoin ( BTC ) and, thus, is unable to hold a BTC reserve. The bank regulator stressed that current laws do not authorize a Fed BTC reserve. America’s apex bank is also disinterested in any law changes that would permit a formally recognized government-managed BTC stockpile, Powell added. Powell shared the remarks shortly after the year’s last Federal Open Market Committee, where the Fed announced a 25 basis point cut to interest rates. Bitcoin continued a downward trend following the rate cut news, falling 2.1% in an hour and hovering around $101,400 as of writing. 24-hour BTC price chart – Dec. 18 | Source: crypto.news You might also like: Texas House eyes Bitcoin reserve laws Powell’s Bitcoin comments not new It’s not the first time Powell has made these statements. Fed Powell has repeatedly asserted the same declaration at several post-FOMC meetings before. However, it’s one of the first times Powell has said so since the U.S. chose Donald Trump as its 47th president. Powell’s comments likely caught attention this time due to Trump’s plan for a national strategic Bitcoin reserve. While widely supported by legislators like Senator Cynthia Lumiss and industry leaders at large, a few crypto experts, like Castle Island Venture founding partner Nic Carter, were skeptical about the move. Carter opined that creating a U.S.-managed BTC reserve could spark doubts about the dollar’s strength, and its role as a global reserve currency. Castle Island Ventures Founding Partner @nic__carter does not expect a strategic Bitcoin reserve because it wouldn't benefit anyone if we were to shake confidence in global markets by implying the dollar is at risk https://t.co/dqUnpVoaCq pic.twitter.com/cL8AbMGG9M — Bloomberg TV (@BloombergTV) December 17, 2024 Read more: Bitcoin advocate hints at ‘strategic reserve’ laws in 10 US states
Federal Reserve chair Jerome Powell reiterated the bank’s position on a Bitcoin reserve from an existing legal perspective.