The Own the Doge DAO is stirring up the crypto community after acquiring intellectual property rights for Neiro, the successor to Kabosu—the iconic Shiba Inu that inspired the original Doge meme. With Kabosu’s passing, her owner Atsuko Sato adopted Neiro, sparking a wave of memecoins vying for association with the younger Shiba Inu. A Battle … Continue reading "Own the Doge DAO Sparks Debate Over the Official Neiro Token" The post Own the Doge DAO Sparks Debate Over the Official Neiro Token appeared first on Cryptoknowmics-Crypto News and Media Platform .
Solana (SOL) is displaying signs of recovery as market sentiment shifts bullish, but uncertainty looms regarding its next significant market move. Recent data indicates a notable uptick in transaction activity
While memecoins continue to be in the spotlight of investors, a critical memecoin survey came from Binance, the world's largest cryptocurrency exchange. Binance reported in a survey of global users that cryptocurrency investors have more memecoins in their wallets than Bitcoin. Binance stated that this survey was conducted with over 27,000 users from six continents, including Asia, Australia, Europe, Africa, and Latin America. The survey results revealed that cryptocurrency holders own more memecoins than Bitcoin. 16.1% of surveyed users stated that they own memecoins, while 14.4% of participants stated that they own Bitcoin (BTC). Memecoins and Bitcoin were followed by BNB with a rate of 14.2%. Interestingly, survey participants holding BNB are outperforming Ethereum, which has a 10.9% investment rate. The survey results show that memecoins are not only popular in terms of current investment rate, but also a cryptocurrency class that users are very excited about for the future.” While Binance survey respondents indicated that they were optimistic that memecoins would become market leaders by 2025, AI altcoins took the first place despite memecoin expectations, with 23% of respondents predicting that AI altcoins would drive market growth in 2025. Binance recently said that the survey results revealed that Binance Spot trading was the most widely used product among respondents. “25.89% of the 27,000 respondents identified Binance Spot as their preferred product. Binance Earn came in second, with 25.34% of users actively using its features to grow their crypto assets. Binance Convert came in third place, with 17.33% of respondents choosing it as their preferred tool for seamless crypto conversions. These results highlight the various ways Binance users interact with the platform’s ecosystem to meet their various financial needs,” Binance said. *This is not investment advice. Continue Reading: Bitcoin (BTC) and Memecoin Report from Binance! The Results Were Surprising!
Large amount of meme coins burned by SHIB army, while price dropped sharply
A 5.7% slide in the price of Bitcoin ($BTC) was caused by remarks from Fed Chair Powell at the FOMC meeting on Wednesday. The Chairman said that there may only be two rate cuts for 2025. This news plunged all markets into the red, and Bitcoin sank to just above $100,000. Powell speech sends markets crashing Wednesday’s FOMC meeting ended with the customary speech from Federal Reserve Chairman Jerome Powell. it was announced that there would be a 25 basis points rate cut, which the market was ready and prepared for. However, as his speech continued, he let it be known that there would likely only be two more adjustments to come for the whole of 2025. On top of this, the newly updated dot plot chart which has the future rate expectations of all the individual Fed members, was actually pointing to a rate rise of 50 basis points. As the news sunk in, the U.S. stock market plunged heavily, while the dollar rocketed to the upside. Bitcoin fell around $6,000 on the day, and the altcoins were generally smashed across the board. The Federal Reserve generally has the most incredible juggling act to do in some of these FOMC meetings. While it sees the absolute necessity of cutting, given the dire state of the jobs market, it does not want to give rein to inflation once again. Therefore, announcing a rate cut, while at the same time sounding incredibly hawkish in the speech afterwards, had the desired effect of dampening down any market enthusiasm. $BTC price touches bottom of ascending channel Source: TradingView For the Bitcoin price it was probably just business as usual. While the drop was very sudden and precipitous, the bears only really succeeded in bringing the price down to the bottom of the ascending channel, within which the price is currently traversing. The price did fall below a trendline that $BTC had been respecting since 4 November, and it now remains to be seen whether the bulls can regain the upper hand and push the price back above this trendline. The price is right at the trendline now, and therefore we will either see a confirmation of the breakdown and rejection, or the price will get above and head back to the top of the ascending channel. Weekly chart nothing out of the ordinary for $BTC Source: TradingView On the weekly chart view there doesn’t appear to be anything out of the ordinary going on with the $BTC price. Last week’s hammer candle, plus all the last few candle wicks to the downside, augur more upside movement to come. Looking at the bottom of the chart at the RSI, it can be seen that the indicator line has started to turn back down. That said, the 70.00 level could act as strong support, as it has done several times so far. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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The BoE's decision to hold rates amid rising inflation may signal prolonged economic caution, impacting consumer spending and market stability. The post Bank of England leaves rates unchanged as inflation climbs to eight-month high appeared first on Crypto Briefing .
SOL is showing signs of a major recovery as the market skews bullish, though its next move remains uncertain.
Wednesday, Dec. 18, will go down in history as a day of market panic triggered by the 25 basis point Fed rate cut and Chair Jerome Powell's hawkish outlook. Bitcoin (BTC) briefly tumbled below $100,000; U.S. equities dropped around 3%, while the dollar index (DXY) index soared to a two-year high of 108, which continues to put pressure on currencies worldwide. The most significant movement came from the CBOE Volatility Index (VIX), which skyrocketed by 74%, marking the largest one-day jump in the Wall Street's so-called fear gauge since Feb. 5, 2018. It was also the second-largest increase in its history. The VIX serves as a measure of market fear and expected volatility over the next 30 days. Historically, significant spikes in the VIX have marked local bottoms for both bitcoin and the S&P 500. Examining the top three one-day changes in the VIX, the first occurred on Feb. 5, 2018, when it surged by 116%. On that day, bitcoin plunged 16% to $6,891, which turned out to be a local bottom. By Feb. 20, prices had rebounded to over $11,000. The second-largest spike in the VIX occurred on Dec. 18, registering a 74% increase. The third biggest spike happened on Aug. 5, 2024, during the Yen carry trade unwind, when the VIX jumped 65%. On that occasion, bitcoin dropped 6% to hit a local bottom around $54,000 and climbed back up to over $64,000 by Aug. 23. A similar pattern has consistently played out in the S&P 500 over the years, data shared by Charlie Bilello , chief market strategist at Creative Planning, show. Let's see if history repeats itself. At press time, BTC traded above $102,000 while the S&P 500 futures pointed to a positive open with a 0.37% gain.
By Omkar Godbole (All times ET unless indicated otherwise) If you were looking forward to a quiet Christmas away from your computer, expecting bitcoin to rise steadily through the year-end, forget it. Looks like the Fed has dashed those plans. First of all, Chair Jerome Powell's comments distancing the central bank from President-elect Donald Trump's potential creation of a strategic bitcoin reserve mean traders hoping for one will need some solid reassurance. Many are likely to sit on the sidelines until the new administration makes good on its promises. That will weaken the market's bid side until Trump takes office on Jan. 20. The second concern revolves around rate projections. Fed officials are anticipating just two rate cuts in 2025, saying they see the benchmark borrowing cost dropping to 3.9% in 12 months' time from the current 4.25%-4.5% range. That is a 50 basis-point upward revision from an earlier forecast of 3.40%. The market could quickly question a cut to below 4% should incoming data point to sticky inflation and/or labor market strength. This situation has led to concerns that long-end rates, including the 10-year yield, might be too low, according to ING. Interestingly, the 10-year yield has just broken out of a 14-month downward trend that characterized bitcoin's bull run to over $100,000 from $30,000. A further rise in yields could bolster the already strong while triggering a broader decline in risk assets, including BTC. Bitcoin dipped below $100,000 overnight and dragged the broader market down along with it. This yield breakout poses particular concerns for ether, often viewed as an "internet bond" with an annualized staking yield of around 3%, weakening the case for a sustained bounce in the ETH-BTC ratio. The continued decline in risk-sensitive assets like the Australian and New Zealand dollars and emerging-market currencies, partly reflecting worries about the Chinese economy, also signals caution. Still, pullbacks of 20% or more are typical in crypto bull markets, and the overall outlook remains positive. "Looking ahead, heightened volatility is on the horizon as markets adjust to the expectations surrounding Donald Trump’s presidency. Although short-term turbulence may occur, the long-term outlook for Bitcoin and Ether remains bullish," said Valentin Fournier, an analyst at BRN. In this uncertain climate, traders might seek refuge in high-yielding crypto assets like Ethena's USDe, which offers returns of around 12%. Pseudonymous analyst OxJeff suggests these pullbacks could present a golden opportunity to invest in tokens linked to AI-powered systems in the blockchain space. Candidates to watch include AI16Z, ZEREBRO, VIRTUAL, MODE, and DOLOS. Stay alert! What to Watch Crypto: Dec. 19, 12:00 p.m.: Coinbase is delisting BiT Global’s wrapped Bitcoin (wBTC) token, following a decision it announced on Nov. 19 and Wednesday's court ruling. Dec. 23: MicroStrategy (MSTR) stock will be added to the Nasdaq-100 Index before the market opens, making it part of funds like the Invesco QQQ Trust ETF that track the index. Dec. 25, 10:00 p.m.: Binance plans to delist the WazirX (WRX) token. Two other tokens being delisted at the same time are Kaon (AKRO) and Bluzelle (BLZ). Dec. 30: The European Union's Markets in Crypto-Assets (MiCA) Regulation becomes fully effective . The stablecoin provisions came into effect on June 30. Dec. 31: Crypto exchange Gemini is shutting its operations in Canada. In an email sent out on Sept. 30, it said all customer accounts in Canada would be closed at the end of the year. Jan 3: Bitcoin Genesis Day. The 16th anniversary of the mining of Bitcoin's first block, or Genesis Block , by the blockchain's pseudonymous inventor Satoshi Nakamoto. This came roughly two months after he published the Bitcoin white paper in an online cryptography mailing list. Macro Dec. 19, 7:00 a.m.: The Monetary Policy Committee (MPC) of the Bank of England (BoE) announces its interest-rate decision . Bank Rate Est. 4.75% vs Prev. 4.75%. Dec. 19, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases third-quarter GDP (final) . GDP Growth Rate QoQ Final Est. 2.8% vs Prev. 3.0%. GDP Price Index QoQ Final Est. 1.9% vs Prev. 2.5%. Dec. 20, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases November's Personal Income and Outlays report . PCE Price Index YoY Est. 2.5% vs Prev. 2.3%. Core PCE Price Index YoY Est. 2.9% vs Prev. 2.8%. Dec. 24, 1:00 p.m. The Fed releases November’s H.6 (Money Stock Measures) report . Money Supply M2 Prev. $23.31T. Token Events Governance votes & calls Lido floats Aragon Vote 182, including proposed limits, treasury swaps (Lido Stonks) limit, and reward address change. The vote is live. Airdrops Tron memecoin SUNDOG to airdrop TRX holders on Trust Wallet, based on holdings. Conferences: Jan. 13-24: Swiss WEB3FEST Winter Edition 2025 (Zug, Zurich, St. Moritz, Davos) Jan. 17: Unchained: Blockchain Business Forum 2025 (Los Angeles) Jan. 18: BitcoinDay (Naples, Florida) Jan. 20-24: World Economic Forum Annual Meeting (Davos-Klosters, Switzerland) Jan. 21: Frankfurt Tokenization Conference 2025 Jan 30-31: Plan B Forum (San Salvador, El Salvador) Feb. 3: Digital Assets Forum (London) Feb. 18-20: Consensus Hong Kong Token Talk By Shaurya MalwaMemecoins and AI tokens lead Binance users' trading activity. AI tokens are predicted to be the stars of 2025, with nearly 24% of respondents in a survey of 27,000 Binance users saying they'll lead market growth next year. Memecoins are not far behind, with 19% saying they expect them to rise next year. The tokens are fun, popular and currently the most held crypto assets, with 16% of Binance users owning them. That's even more than bitcoin, at 14%. The survey found that 45% of participants were new to the scene, joining only in 2024 and saying they were "still learning" their way across the market. Over 40% have been around for one to five years. Most aren't betting the farm on crypto, with 44% of respondents having less than 10% of their money exposed to it. Trading, however, is common, with almost a third trading daily. It is not all fun and games, though. Many respondents said they expect to see more maturity and real-world relevance in the crypto industry in the coming year. A notable 19% of the sample said they expect increased crypto regulations over the next 12 months, and 16% anticipate greater participation from traditional financial institutions and institutional investors. In addition, 17% foresee wider implementation of blockchain technology in real-world applications. Derivatives Positioning The panic from the overnight sell-off has faded, and BTC and ETH calls expiring on Dec. 27 and beyond are back to trading at a premium relative to puts. However, the overall bias is still considerably weaker than it was earlier this month. BTC flows have been mixed, with large bull call spread, involving $105K and $100K strikes alongside a long straddle at $100K strike options expiring on Jan. 31 and notable buying in $102K and $100K puts. (Source: Amberdata) A large put spread involving strikes $3.7K and $3.4K has been lifted Perpetual futures open interest has dropped in most major coins, including ETH, in the last 24 hours, a sign the decline has been led by the unwinding of bullish bets rather than fresh longs. BTC's open interest has increased 3% in 24 hours, with cumulative volume delta indicating dominance of sellers. Market Movements: BTC is up 1.5% from 4 p.m. ET Wednesday to $102,532.08 (24hrs: -2.59%%) ETH is up 0.49% at $3,711.07 (24hrs: -4.64%) CoinDesk 20 is up 1% to 3,683.74 (24hrs: -4.39%) Ether staking yield is down 6 bps to 3.12% BTC funding rate is at 0.01% (10.95% annualized) on Binance DXY is down 0.11% at 107.91 Gold is unchanged at $2,638.3/oz Silver is down 1.12% to $30.07/oz Nikkei 225 closed -0.69% at 38,813.58 Hang Seng closed -0.56% at 19,752.51 FTSE is down 1.37% at 8,086.92 Euro Stoxx 50 is down 1.69% at 4,873.36 DJIA closed on Wednesday -2.58% to 42,326.87 S&P 500 closed -2.95% at 5,872.16 Nasdaq closed -3.56% at 19,392.69 S&P/TSX Composite Index closed -2.24% at 24,557.00 S&P 40 Latin America closed -4.44% at 2,179.31 U.S. 10-year Treasury was is up 0.02% at 4.54% E-mini S&P 500 futures are up 0.43% to 5,897.5 E-mini Nasdaq-100 futures are up 1.66% to 21,570.75 E-mini Dow Jones Industrial Average Index futures are down 0.39% at 42,486.00 Bitcoin Stats: BTC Dominance: 58.33% (24hrs: +0.14%) Ethereum to bitcoin ratio: 0.036 (24hrs: -0.14%) Hashrate (seven-day moving average): 784 EH/s Hashprice (spot): $60.55 Total Fees: $1.4M CME Futures Open Interest: 212,620 BTC BTC priced in gold: 38.7 oz BTC vs gold market cap: 11.02% Bitcoin sitting in over-the-counter desk balances: 409,600 BTC Basket Performance Technical Analysis BTC's daily chart shows the broader outlook remains constructive despite Wednesday's drop, as 50-, 100- and 200-day simple moving averages remain stacked one above the other, trending north. The confluence of the 50-day SMA and Dec. 5's swing low between $90,000 and $91,500 is the key area to watch out in case the pullback deepens. Crypto Equities MicroStrategy (MSTR): closed on Wednesday at $349.64 (-9.52%), up 4.95% at $366.95 in pre-market. Coinbase Global (COIN): closed at $279.86 (-10.2%), up 3.42% at $289.44 in pre-market. Galaxy Digital Holdings (GLXY): closed at C$26.31 (-8.23%) MARA Holdings (MARA): closed at $21.61 (-12.15%), up 3.66% at $22.40 in pre-market. Riot Platforms (RIOT): closed at $11.95 (-14.46%), up 3.93% at $12.42 in pre-market. Core Scientific (CORZ): closed at $14.45 (-9.86%), up 1.87% at $14.72 in pre-market. CleanSpark (CLSK): closed at $11.32 (-8.41%), up 4.95% at $11.88 in pre-market. CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.89 (-10.85%), up 6.14% at $27.48 in pre-market. Semler Scientific (SMLR): closed at $65.02 (-12.99%), up 7.64% at $69.99 in pre-market. Exodus Movement (EXOD): closed at $53.10 (+36.3%), unchanged in pre-market. ETF Flows Spot BTC ETFs: Daily net inflow: $275.3 million Cumulative net inflows: $36.98 billion Total BTC holdings ~ 1.141 million. Spot ETH ETFs Daily net inflow: $2.5 million Cumulative net inflows: $2.46 billion Total ETH holdings ~ 3.563 million. Source: Farside Investors Overnight Flows Chart of the Day The yield on the U.S. 10-year Treasury note looks to have broken out above a 14-month channel. More gains might weigh over risk assets. While You Were Sleeping Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months (CoinDesk): Demand for bitcoin weekly put options surged Wednesday, with traders pricing in greater downside protection costs after the Fed signaled caution, driving puts to their highest relative value since September. Bitcoin's Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5% (CoinDesk): Bitcoin’s crash below $100,000 following yesterday’s FOMC press conference triggered over $700 million in liquidations across crypto futures, with XRP and DOGE derivatives hit particularly hard. How IMF’s $1.4B Deal With El Salvador, If Approved, Could Jeopardize Bitcoin’s Role as Legal Tender (CryptoGlobe): The IMF’s staff-level loan agreement with El Salvador, if approved, would sharply reduce bitcoin's role in the economy by ending mandatory business acceptance, requiring taxes to be paid in dollars and curbing government involvement. Trump Says He Opposes Stopgap Government Funding Bill (Bloomberg): President-elect Trump opposed a proposed federal funding bill on Wednesday, demanding debt ceiling provisions and threatening Republicans who disagree. His stance heightens the risk of a government shutdown as the funding deadline approaches. The Next Big Fed Debate: Has the Era of Very Low Rates Ended? (The Wall Street Journal): Fed Chair Jerome Powell signaled Wednesday that future rate cuts may slow amid uncertainty over the neutral rate, now estimated higher post-pandemic, with some Fed officials seeing it near current interest levels. Bank of Japan Holds Rates at 0.25%, Yen Weakens to One-Month Low (CNBC): The BOJ’s split 8-1 decision to hold rates at 0.25% aligns with a poll where 13 of 24 economists expected no change in December but anticipated a rate hike in January. In the Ether