BlackRock’s IBIT has also seen a record three consecutive trading days of outflows.
Binance recently burned 1.7 billion LUNC tokens, igniting community excitement. LUNC price increased by 6%, reflecting growing interest and trading volume. Continue Reading: Binance’s Bold Move Sparks Interest in Terra Luna Classic Tokens The post Binance’s Bold Move Sparks Interest in Terra Luna Classic Tokens appeared first on COINTURK NEWS .
A court in China has prosecuted a man who stole cryptocurrency from a friend and cashed in more…
On January 3rd, COINOTAG reported a significant transaction in the cryptocurrency sector, revealing that the charitable organization Endaoment liquidated 3,690 ETH in a single trade, amassing approximately $12.47 million in
Victoria, Seychelles, January 3rd, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has announced a Trading Tournament to kick off 2025. Participants will compete for an iPhone 16 and a share of $10,000 in rewards , making this event a highlight for traders in the new year. The competition is open to eligible users who register between December 31, 2024, at 10:00 AM (UTC) and January 22, 2025, at 10:00 AM (UTC). The challenge period runs concurrently from January 1, 2025, at 10:00 AM (UTC) until January 22, 2025, at 10:00 AM (UTC). To qualify, participants must make a net deposit of at least $200 and maintain it in their asset accounts throughout the event. Rewards will be distributed based on trading volume, with top performers securing exclusive prizes: Top 3 Traders: Each wins an iPhone 16, valued at 1,199 USDT. Top 4–10 Traders: A prize pool of 1,500 USDT will be distributed based on trading volume. Participants Meeting Minimum Trading Volume: Users who achieve a trading volume of at least $30,000 and meet the deposit requirement will share a $2,000 reward pool. New users also stand to benefit. The first 1,000 registrants who complete their first futures trade of $200 or more will receive 2–5 USDT, drawn from a dedicated $3,000 prize pool. Participants must link their email addresses to their Bitget UUID accounts for prize eligibility. The Bitget team will contact the top three winners within seven days of the event’s conclusion to coordinate prize selection and shipping. Bitget retains the right to amend, modify, or cancel the event at its discretion without prior notice. For full details and registration, visit here . About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
A whale’s $10 million USDC investment in 4.25 million $VIRTUAL tokens just 19 days ago has doubled in value, now worth $21.5 million. With an unrealized profit of $11.5 million, this highlights the rapid growth of Virtuals, a platform revolutionizing the crypto and AI landscape. A whale spent 10M $USDC to buy 4.25M $VIRTUAL 19 days ago, which is now worth $21.5M, with an unrealized profit of $11.5M! The whale dared to bet big—and it paid off! https://t.co/GGh9CJsOFb pic.twitter.com/MxSjNorEpE — Lookonchain (@lookonchain) January 2, 2025 Milestones Since Launch Launched on October 16 on the Base network, Virtuals has achieved remarkable success: – Over 220,000 holders of agent coins (excluding wallets holding less than $10). – A market capitalization of $2 billion for its AI-driven agents. – Protocol revenues totaling $60 million USD, with an annualized projection of $300 million—placing Virtuals among the top ten crypto protocols globally, all without token emissions. It's been exactly a year since we started building Virtuals. Since our new platform launch on 16th October on @base , we have: – 220k holders of agent coins (holders below $10 USD are excluded) – Powering $2B in market cap of agents – $60M USD in protocol revenue, ~$300M… — Virtuals Protocol (@virtuals_io) December 31, 2024 Beyond Success: A Responsibility to Build Despite these achievements, the Virtuals team is focused on the immense responsibility they now shoulder—not only to their community and builders but also to the broader vision of AI integration into society. Their goal? To create a nation of AI agents. A Vision for an Agentic Nation The team envisions an “agentic nation,” where AI agents can outperform humans in both productivity and scale. This nation could achieve a GDP exceeding that of the world’s leading economies. The GDP of such a nation would represent the total value of autonomous transactions—agents providing services to other agents, humans buying from agents, and vice versa. By fostering this ecosystem, Virtuals is pioneering a future where AI-driven economies redefine global productivity, setting the stage for unprecedented innovation and economic growth. 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: whyframeshot/ 123RF // Image Effects by Colorcinch
Kaito data reveals a dramatic reshaping of crypto narrative mindshare in 2024, with decentralized science (DeSci) and artificial intelligence (AI) leading the charge. While some trends like DeFi and memecoins showed resilience, others, including layer routing technologies (LRTs) and DePIN, experienced a steep decline. Breakthrough Narratives DeSci saw an astounding 2,640% increase in mindshare, marking a breakthrough year for blockchain’s application in scientific research. While DeSci is still far from dominating Web3 discussions, its growth signifies a pivotal moment for the space. AI narratives also continued their impressive trajectory, growing by 116%, even with an already high baseline of interest. Similarly, trusted execution environments (TEE) and chain abstraction gained traction, with respective increases of 192% and 160%. Established Leaders Stay Strong Despite the rise of new narratives, DeFi and memecoins remained strong, demonstrating their enduring relevance in the crypto ecosystem. These sectors sustained their high levels of awareness from the start of the year and continued to attract attention. We can finally unveil the biggest mindshare growers of 2024 It’s still far for DeSci to dominate the Web3 mindshare, but the increase in interest over the last year can definitely be seen as a breakthrough moment It’s also worth noting how strong DeFi and memecoins… pic.twitter.com/E4XqsX5PaC — Michał Moneta (@michmoneta) January 2, 2025 Trailing and Disappointing Trends On the flip side, older trends saw a significant decline. LRTs, a major focus in 2023 and early Q1 2024, dropped by 82%, while account abstraction and BRC-20 tokens decreased by 71% and 77%, respectively. Surprisingly, decentralized physical infrastructure networks (DePIN) underperformed, failing to meet expectations. Meanwhile, GameFi, ETFs, and Layer 2 solutions also saw reduced interest, with declines of 41%, 63%, and 58%. According to Kaito data, compared with the beginning of 2024, the narrative mindshare of AI concepts increased by 116%, DeSci increased by 2640%, TEE increased by 192%, and chain abstraction increased by 160% at the end of 2024; LRT decreased by 82%, account abstraction decreased… pic.twitter.com/aY2rGA5JTa — Wu Blockchain (@WuBlockchain) January 1, 2025 As 2024 comes to a close, it’s evident that the crypto industry is undergoing a shift. Emerging narratives like DeSci and AI are defining the future, while older trends continue to fade into the background. 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: burdyak/ 123RF // Image Effects by Colorcinch
California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.
Injective ($INJ) is steadily emerging as a powerhouse in blockchain innovation, tailored specifically for finance. With over 100 million blocks processed and integrations like DappRadar, Injective is carving a niche in the competitive crypto landscape. Major Tokenomics Upgrade with INJ 3.0 Recently, Injective introduced INJ 3.0, a groundbreaking tokenomics upgrade designed to make the $INJ token highly deflationary. The first phase of the governance proposal is already live, focusing on a significant reduction in token supply. By decreasing supply, the protocol aims to boost demand, creating a more robust value proposition for investors and users alike. Driving Innovation with AI and Cross-Chain Technology Injective’s innovations go beyond tokenomics. The blockchain has launched a Cross-Chain AI Agent Hub in collaboration with SonicSVM, enabling AI agents to seamlessly operate across Injective and Solana. This development holds transformative potential for applications in gaming, DeFi, and beyond. Recent Milestones and Achievements Injective has accomplished several notable milestones in recent weeks: 1. Tokenized GPUs: A pioneering move in blockchain technology, opening doors for new applications. 2. DappRadar Integration: Enhancing visibility and accessibility within the crypto ecosystem. 3. AI Agent Hub Launch: Expanding the scope of AI-powered solutions on its platform. 4. 100M Blocks Processed: A testament to the network’s reliability and efficiency. $INJ has been quietly building something solid. @injective is a blockchain designed specifically for finance—fast, efficient, and already delivering results. With 100M+ blocks processed and integrations like @DappRadar , it’s carving its space in the crypto world. Recently,… — Wise Advice (@wiseadvicesumit) January 2, 2025 Injective’s consistent progress underscores its commitment to redefining the blockchain space for financial applications. With innovative tokenomics, cross-chain capabilities, and cutting-edge AI integrations, Injective is positioned as a trailblazer in the ever-evolving world of crypto. 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: loft39studio/ 123RF // Image Effects by Colorcinch
Ethereum gas fees have surged recently, with the average fee hovering around 80 Gwei. For certain transactions, such as NFT sales, costs have exceeded $165, leaving many users frustrated by the high expenses. What’s Causing the Spike? The primary driver behind the rise in gas fees is network congestion. Ethereum currently has 151,751 pending transactions and a network utilization rate of 64.53%. This congestion creates intense competition among users to have their transactions processed, leading to higher fees. The spike in activity is tied to a range of use cases, including NFT sales, DeFi protocols, and general user transactions. As more people engage with Ethereum’s ecosystem, the strain on the network grows, pushing gas prices upward. Solutions in Progress Ethereum developers are actively working on solutions to improve scalability and reduce gas fees: 1. Layer 2 Solutions: Technologies like Optimistic Rollups and ZK Rollups allow transactions to be processed off-chain, reducing congestion on the mainnet. 2. EIP-4844 Update: A planned network upgrade, EIP-4844 aims to further optimize Ethereum’s efficiency and scalability. What Can Users Do Now? In the short term, users can adopt strategies to minimize costs: – Transact During Off-Peak Times: Gas fees tend to drop during periods of lower network activity. – Utilize Layer 2 Networks: Platforms like Arbitrum and Optimism offer faster and cheaper transactions compared to the Ethereum mainnet. Ethereum Gas Fee Surge: Causes and Solutions – about 80 gwei The recent rise in @ethereum gas fees is directly tied to network congestion and increased user activity. The average gas fee stands at around 80 #Gwei , with certain transactions, like #NFT sales, costing over $165… pic.twitter.com/MhG6gQW6Zw — havelaw 해브로 (꧁IP꧂) (@havelaw11) January 2, 2025 As Ethereum continues to evolve, these ongoing improvements are expected to ease network congestion and lower gas fees, ensuring a more efficient and cost-effective experience for its users. 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: nexusplexus/ 123RF // Image Effects by Colorcinch