Ethereum gaming platform Nifty Island has launched its ISLAND token. Here’s what you need to know about the airdrop, tokenomics, and more.
Bloomberg analysts forecast a wave of crypto ETFs, featuring XRP and Solana, in 2025 amid SEC changes and market shifts. The post Bloomberg analysts predict wave of crypto ETFs in 2025, targeting XRP, Solana, and HBAR appeared first on Crypto Briefing .
MicroStrategy holds over 439,000 Bitcoins worth $46 billion. Should the price of BTC plunge, CryptoQuant CEO Ki Young Ju believes the firm may not face bankruptcy, stating it will only happen “if an asteroid hits Earth.” The company continues to profit, with a 72.4% yield this year and a stock surge of 540% in 2024. Led by Michael Saylor, MicroStrategy, following a recent 15,350 BTC purchase, raised its Bitcoin treasury to a total of 439,000 BTC, which accounts for over 2% of BTC’s total supply. With the firm’s growing position, there are now rising concerns that MicroStrategy could be forced to go bankrupt and liquidate its holdings should Bitcoin suffer a major drop. Ki Young Ju’s perspective Ki Young Ju explained that MicroStrategy could only face bankruptcy if Bitcoin’s price falls to $16,500. He pointed out that the company is holding around $46 billion worth of Bitcoin, but there is only $7 billion of debt. The CryptoQuant CEO also mentioned that Bitcoin has never dropped below $30,000 for long-term holders like they never felt that way unless there would be an unexpected drop. He stated, “MicroStrategy only goes bankrupt if an asteroid hits Earth,” not bothering about a Bitcoin crash to $16,000. MicroStrategy only goes bankrupt if an asteroid hits Earth. For 15 years, #Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K. $MSTR debt is $7B and its $BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K. pic.twitter.com/cTwwTGYif4 — Ki Young Ju (@ki_young_ju) December 17, 2024 He believes that Bitcoin has become more stable and irreplaceable because more institutions are getting involved. This support from institutions makes Bitcoin less likely to experience a huge price drop and also it has strong future stability. On the other hand, critics like Peter Schiff believe MicroStrategy could go bankrupt if Bitcoin crashes, as the company’s huge Bitcoin holdings are a risky gamble. He thinks a market downturn could cause major financial problems. Despite this, MicroStrategy is still aggressively buying more Bitcoin. Recently, it bought 15,350 BTC , bringing its total holdings to 439,000 BTC, worth about $27.1 billion at an average price of $61,725 per Bitcoin. The company is still committed to its Bitcoin strategy, despite the criticisms. MSTR joins Nasdaq-100 MicroStrategy recently made it to the Nasdaq-100, which could lead to increased investment and easier access to capital. The company’s confidence in Bitcoin’s future is clear from its ongoing investment strategy, including the “21/21 plan” to raise $21 billion to acquire more Bitcoin. MicroStrategy’s Bitcoin operations have produced a 72.4% yield this year. This has resulted in a profit of 136,965 BTC, worth $14.66 billion at the current price of over $107,000 per coin. Additionally, the company’s stock has surged by more than 540% in 2024, showing strong investor confidence in its Bitcoin strategy. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The post Shiba Inu (SHIB) Price Prediction for December 18 appeared first on Coinpedia Fintech News Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Source: IntoTheBlock Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began experiencing selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin’s bearish outlook emerged during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable upside rallies. SHIB Technical Analysis and Upcoming Level According to CoinPedia’s technical analysis, SHIB has formed a bearish inverted cup and handle price action pattern on the daily time frame and is currently on the verge of a breakdown. However, this is a resistance level where the meme coin has formed this price action pattern. Source: Trading View Based on historical price momentum, if SHIB breaks down from the bearish pattern and closes a daily candle below the $0.0000258 level, there is a strong possibility it could drop by 20% to reach the $0.0000206 level in the coming days. However, it has been more than a month since SHIB has experienced any significant price gain or drop; it seems to be in continuous price consolidation. But the recent price action indicates potential downside momentum, selling pressure, and a price decline in the coming days. On the positive side, SHIB’s Relative Strength Index (RSI) currently stands at 55, indicating that it is still below the overbought area. This technical indicator suggests that the asset has enough room to soar in the coming days. Current Price Momentum Currently, SHIB is trading near $0.000026 and has experienced a price decline of 2.65% in the past 24 hours. During the same period, its trading volume dropped by 17%, indicating lower participation from traders and investors amid a bearish outlook.
The U.S. Senate has seen a surge of opposition against SEC Commissioner Caroline Crenshaw’s renomination, reflecting ongoing tensions within the crypto industry. This unprecedented grassroots response from over 52,000 advocates
Look, I think it's only a matter of time before China pulls a complete 180 on its Bitcoin ban. Yes, they outlawed trading and mining back in 2021, but honestly, a lot has changed since then — especially this year. Bitcoin's momentum globally has been insane. We've seen US President-Elect Donald Trump calling to stockpile Bitcoin; Bitcoin ETFs get approved, Fed Chair Jerome Powell calling Bitcoin "digital gold," Larry Fink flipping pro-Bitcoin , and even Putin saying nice things about it. With all of this happening, I wouldn't be shocked if China has already started quietly stacking sats (buying bitcoin). Here's why I think that: China doesn't like to announce what it's doing beforehand — it's just not how they operate. Former Binance CEO CZ talked about this recently at the Bitcoin MENA conference in Abu Dhabi, saying that while the US loves to make big public statements about upcoming policies (like Trump announcing Bitcoin plans to court voters), Asian countries prefer to move in silence. And let's not forget China doesn't have elections. They don't need to win over public opinion like Trump does. If they're making moves with Bitcoin, they'll do it quietly — and we'll find out when they're ready to make it official. Now, with Trump's big push for Bitcoin and crypto, I can't see China sitting on the sidelines for too long. This is turning into a global race, and if China wants to stay competitive, they can't afford to miss the Bitcoin train. My gut tells me they're already planning to unban Bitcoin and crypto — and I wouldn't be surprised if it happens as early as Q1 next year, especially if Trump takes office. Another big hint? Hong Kong . China has a long history of using Hong Kong as a sandbox to test things before rolling them out on the mainland. And this year, we've seen Hong Kong make major moves — approving Bitcoin and crypto ETFs and greenlighting more crypto exchanges. Let's be real: this isn't a coincidence. They are planning to eliminate crypto taxes for institutions. I think China is watching carefully, and these are early steps toward a broader shift. In my opinion, China has likely been quietly accumulating bitcoin all along. When the time is right, they'll unban it — and not just to compete with the US, but to lead. Watch this space. I think it's going to happen much sooner than most people expect. This article is a Take . Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Charles Hoskinson praises Ripple's newly launched RLUSD stablecoin. The stablecoin market is heavily dominated by USDT and USDC. Continue Reading: Charles Hoskinson Applauds Ripple’s New RLUSD Stablecoin The post Charles Hoskinson Applauds Ripple’s New RLUSD Stablecoin appeared first on COINTURK NEWS .
Wormhole and Nuffle Labs are partnering to broaden EigenLayer’s restaking capabilities, potentially revolutionizing security sharing across blockchain networks. The collaboration aims to allow restaking assets from various Layer 1 and
Kaidro, a franchise spanning webcomics, a crypto game, and an upcoming animated series, will launch its KDR token on Ethereum network Ronin.
Elon Musk has reignited a political feud with Senator Elizabeth Warren after accusing her of acting on behalf of Sam Bankman-Fried’s parents. Musk’s comments came amid Warren’s criticism of his role in President-elect Donald Trump’s transition team. Musk stated that the letter Warren wrote questioning his involvement in the Department of Government Efficiency (DOGE) was influenced by SBF’s parents, further escalating tensions. Senator Warren Criticizes Elon Musk Influence on Donald Trump’s Government Senator Elizabeth Warren penned a letter urging Donald Trump to establish ethical guidelines around Elon Musk’s appointment to Trump’s transition team. Warren expressed concerns about Musk’s growing influence and his leadership role in DOGE. She emphasized that Musk’s vast business interests, including Tesla and SpaceX, could create potential conflicts of interest. Warren noted that Musk’s companies have received billions in government contracts and are often at odds with federal agencies. She called on Trump’s team to clarify whether Musk would recuse himself from matters involving his businesses and what safeguards are in place to prevent ethical violations. Senator Warren added, “Mr. Musk is no ordinary citizen, Musk’s substantial private interests present a massive conflict of interest with the role he has taken on as your ‘unofficial co-president. Currently, the American public has no way of knowing whether the advice that he is whispering to you in secret is good for the country, or merely good for his own bottom line.” These developments come as the US SEC continues its scrutiny of Elon Musk’s $44 billion acquisition of Twitter. SEC’s extended deadline provides Musk additional time to respond, while the possibility of a Wells Submission looms if compliance is not met. Tesla CEO Claims Warren’s Criticism Stems From SBF’s Parents In response to Elizabeth Warren’s accusations, Elon Musk alleged that Sam Bankman-Fried’s parents influenced her letter. He claimed the criticisms against him are politically motivated and part of a broader agenda. Musk’s statements sparked fresh controversy as Bankman-Fried’s legal troubles and political ties remain a focal point in public discourse. Musk’s accusations add a layer of complexity to the ongoing feud. The Tesla CEO has previously clashed with Warren over various regulatory issues, including Tesla’s labor practices and investigations into Neuralink. Musk commented, “The person actually writing these things from Pocahontas are SBF’s parents btw.” Senator Elizabeth Warren urged Trump to ensure Elon Musk adheres to strict ethics agreements as part of the DOGE initiative. DOGE Role in the Trump Administration Elon Musk dismissed the accusations of ethical misconduct, defending his role in Trump’s transition team. Musk asserted that national interests rather than personal gain drive his leadership. Most recently, the Tesla CEO said that D.O.G.E. would play a crucial role in ending US inflation by eliminating government overspending. Musk emphasized that controlling unnecessary federal expenditures could stabilize prices and reduce inflationary pressures. Trump also backed Elon Musk, denying any conflict of interest. The President-elect reiterated that Musk’s involvement in DOGE aligns with broader efforts to eliminate government waste. Despite Warren’s concerns, Trump expressed confidence when asked about the Tesla CEO conflict of interests. Speaking to Time magazine he said, “I don’t think so, I mean, he’s in a lot of companies, but he really is, and I’ve seen it. He considers this to be his most important project, and he wants to do it.” The post SBF’s Parents Caught In Crossfire As Elon Musk Blasts Elizabeth Warren appeared first on CoinGape .