The post Ethereum Foundation Dump Another 100 ETH for $420k, ETH Price to Drop appeared first on Coinpedia Fintech News Ethereum Foundation doesn’t seem to be stopping as they made another sell-off offloading another 100 ETH on December 17. This isn’t the first time they’ve made such a move last week, raising questions about their strategy. Perhaps ETH co-founder Vitalik Buterin explained why the Ethereum Foundation sells ETH continuously. Ethereum Foundation Sells 100 ETH According to data from the prominent blockchain analytics platform, Lookonchain the Ethereum Foundation offloaded 100 ETH from its holdings for approximately $420,470. The #Ethereum Foundation sold 100 $ETH ($420.47K) again just now. #Ethereum Foundation has sold a total of 4,466 $ETH ($12.62M) this year. https://t.co/aEdJQoOeuv pic.twitter.com/Cd6LPm1JBu — Lookonchain (@lookonchain) December 17, 2024 This transaction is just one of many the Foundation has made this year. So far, the Foundation has sold a total of 4,466 ETH, valued at around $12.62 million. What’s even more interesting is that this recent sale came just a week after the Foundation offloaded 100 ETH for 374,334 DAI in mid-December. With these frequent transactions, market watchers are growing concerned about the impact on ETH’s price. The Ethereum Foundation, a non-profit organization, continues to offload its ETH, despite holding a significant $970.2 million in treasury. The majority of its crypto holdings are in Ethereum, which only adds selling pressure to the crypto. Vitalik’s Explanation Behind The Sell-Off Ethereum co-founder Vitalik Buterin has previously explained that the Foundation timely sold ETH to fund public projects and maintain reserves. However, the constant selling continues to raise concerns, especially with the Foundation holding a massive $970.2 million in assets, mostly in Ethereum. Despite accusations from some critics claiming that Buterin is selling ETH for personal profit, he has firmly denied these claims. ETH Price Loses Momentum Ethereum recently saw a price surge, crossing the $4,010 mark for the first time since March 2024. Historically, each time ETH reached this level, it faced a significant drop. Data shows that exchange reserves have risen by nearly 100,000 ETH, worth around $400 million, signaling potential selling pressure as ETH approaches a six-month high. Additionally, the Relative Strength Index (RSI) is falling, pointing to a bearish trend and suggesting a possible price drop. With the current price action, there’s a strong chance ETH could decline by 12%, potentially reaching the $3,500 level.
Rexas Finance (RXS), a blockchain platform transforming real-world asset (RWA) tokenization, is rapidly attracting attention in the cryptocurrency sector. At present, valued at only $0.15 during its stage 10 presale, RXS is positioning itself as a strong competitor to Solana (SOL). Analysts anticipate a 6,566% increase to $10 over the next three months, indicating substantial growth opportunity for RXS. Why Rexas Finance (RXS) Draws Attention as a Solana Rival Rexas Finance innovative approach to using blockchain technology for linking real-world assets transforms how asset ownership is perceived. Its capacity to tokenize assets such as real estate (valued at $379.7 trillion), commodities like gold ($121.2 trillion), and art and collectibles (a market worth $65 billion annually) distinguishes it from its peers. As a competitor to Solana, Rexas Finance provides effortless fractional and complete ownership of worldwide asset markets with a simple click. Certik Audit: The Certik audit of the platform ensures safety and reliability, boosting investor trust. Market Transparency: RXS’s presence on CoinMarketCap and CoinGecko offers up-to-date price monitoring, enhancing its trustworthiness with investors. Rexas Finance’s presale, which commenced in September 2024 at $0.030, has already witnessed an impressive 400% increase to $0.15 in stage 10. With only one stage left, the token price is anticipated to hit $0.175 in stage 11 prior to debuting at $0.20 on three of the leading 10 tier-1 exchanges in early 2025. These advancements establish RXS as a strong competitor to Solana in the swiftly changing blockchain landscape. Rexas Finance (RXS) Tokenomics Community-Centric Approach Fuels Rexas Finance Growth The presale success is evident, with 341,884,321 RXS tokens sold, generating an impressive $27,407,990. Unlike many blockchain projects reliant on venture capital, Rexas Finance takes a community-driven approach to fundraising. This strategy aligns with its vision of democratizing asset ownership, providing ordinary investors with an opportunity to participate in its transformative journey. To encourage further engagement, Rexas Finance is running a $1 million RXS giveaway. Twenty lucky winners will receive RXS tokens worth $50,000 each, with 503,716 entries already recorded. This giveaway underscores the project’s commitment to fostering a thriving community, a key factor in distinguishing the RWA token as a Solana rival. The Ecosystems of Rexas Finance Rexas Finance’s ecosystem offers unparalleled opportunities in the blockchain landscape: Rexas Token Builder: A no-code tool enabling anyone to easily tokenize actual assets. Rexas Launchpad: An avenue for anyone funding their tokens. Token Standards Complianc e: ERC-20, ERC-721, and ERC-1155 highlight the technological adaptability and broad usability With 1 billion RXS tokens in circulation, Rexas Finance taps into trillions of dollars in readily accessible markets. These features solidify its position as a transformative blockchain project and one of promising cryptos to buy . Bullish Projections of Growth of RXS The presale trajectory of RXS marks only the beginning. Once launched on tier-1 exchanges in 2025, experts predict a rapid price jump from $0.20 to $10 within three months, representing a staggering 6,566% surge. With a projected market value of $10 billion, Rexas Finance will undoubtedly cement its status as a leading Solana rival in the cryptocurrency market. Investors recognize RXS as a low-risk, high-reward opportunity to enter early at $0.15. The platform’s innovative approach to real-world asset tokenization and growing demand for its services further fuel bullish projections. Final Thoughts: A True Solana Rival Rexas Finance stands out as a notable competitor to Solana through its innovative strategy for tokenizing real-world assets. By addressing the growing demand for asset tokenization, RXS combines innovation, community focus, and market potential, making it an attractive investment option among early-stage cryptocurrencies. Priced at $0.15 today and with forecasts projecting a rise to $10 within three months, Rexas Finance offers investors a life-changing opportunity to participate in this revolutionary project The post Is This $0.15 Solana Rival a 6,500% Gainer? Price Predictions Point to $10 in 3 Months appeared first on CoinGape .
The post Spot Crypto ETFs in 2025: Is Solana, Ripple, and Cardano Next? appeared first on Coinpedia Fintech News The year 2024 has been an eventful year for the cryptocurrency sector, especially when viewed from the perspective of ETFs. The trading of spot Bitcoin ETFs and spot Ethereum ETFs was approved by US regulators. There are many reasons to believe that some revolutionary developments may be witnessed in the crypto spot ETF sector in the upcoming year. The primary reason is that since the US election, the political climate in the US has shifted in favour of digital innovations. Secondly, the US SEC is set to get a pro-crypto executive in the near future. Everything points to the conclusion that a few cryptos may enter the spot ETF market in 2025. Read on to know more! Solana Recently, the Brazilian government gave approval to at least two Solana ETFs. Notably, Samara Cohen, the CIO of BlackRock, acknowledged the possibility of an SOL ETF. With a market cap of $106,601,790,284, Solana is the fifth largest crypto. In the last one year, it has seen a growth of 205.6%. Ripple This year, XRP has made several controversial headlines for its legal battle against US regulators. The new government is expected to help the crypto recover from the crisis. Since the US election, the crypto has shown impressive growth. Importantly, WisdomTree, a financial institution, sought approval from the regulator to launch its spot XRP ETF. With a market cap of $151,416,167,935, XRP is the third largest crypto. In the last one year, it has experienced a rise of 325.7%. Cardano Cardano is popular for its commitment to continuous improvement. Since the victory of Donald Trump, ADA has experienced massive growth. With a market cap of $39,368,157,441, Cardano is the ninth largest crypto. In the last one year, it has showcased a surge of 82.1%. In conclusion, the potential for crypto ETFs in 2025 looks brighter than ever, with Solana, Ripple, and Cardano emerging as strong candidates.
Two people from Arizona were robbed of a total of $300,000 in cryptocurrency by a man posing as a fake Uber driver. The Scottsdale Police Department identified the victim as Nuruhussein Hussein. He targeted the first victim in March and the second in October. In both instances, he waited outside the W hotel, posing as their Uber driver. He even addressed them directly by their name, which is why the victims didn’t doubt him. Once they entered his car, Hussein asked for their phones, claiming he was broken. Then, he accessed their Coinbase account and transferred all their funds to his own cold storage wallet. In one of the instances, a victim grew doubtful and asked why the Uber app showed that their ride hadn’t arrived. To this Hussein claimed that something was wrong with the app and offered to troubleshoot. When the customer remained doubtful and asked for their phone back, he allegedly threatened them and said, “Chill or something bad would happen.”. He was arrested on December 11 by Scottsdale detectives and US Secret Service agents on account of fraud, theft, and money laundering. Rising Instances of Offline Crypto Thefts This case with Nuruhussein Hussein isn’t a one-off instance. Lately, there has been a sharp increase in the number of offline crypto thefts. The robbery case of Hussein was still mild. Some cases are much more violent than this. For example, there have been instances of armed gangs forcing into homes and holding the victims at gunpoint to get their crypto. Cases are pouring in from all over the world, including Thailand, Ontario, Singapore, Hong Kong, Ukraine, and Costa Rica. For example, in November, an armed gang broke into a tourist’s room and forced them to transfer $250k USDT. The good news is these perpetrators were arrested a few days later. Solutions Like Best Wallet Can Secure Your Digital Assets The best way to combat any type of crypto theft is to choose a competent wallet. A good wallet uses a multi-layered security protocol and is easy enough to use so that both new and seasoned investors can reap its benefits. After extensive research, we found a wallet that meets all these above-mentioned criteria. It’s the Best Wallet (yes, that’s literally its name). Here’s what we like about it: Non-Custodial Wallet: Best Wallet is a non-custodial wallet, which means you will have complete control over your private keys. Any attack (if at all it happens) on the company’s server will not compromise your keys. Backup Passphrase: In case of device loss, you can use your backup passphrase to gain access to your wallet. Two-factor Authentication: You can add a 4-digit passcode on top of facial or fingerprint authentication. This way, even if one authentication method fails, another will be in place to protect your data. Other than this, you get a user-friendly interface, third-party insurance through Fireblocks, custom tokens, access to their rewards program, and much more. There’s also a portal called “Upcoming Tokens,” where users can directly checkout tokens in presale. On a side note, if you are interested in diversifying your portfolio, Best Wallet also has its own token called $BEST. It’s currently in presale, so you’ll get them at a discounted price. The project looks promising, with substantial growth. It has already raised over $4.5 million so far. Users can also earn these tokens by completing certain tasks through the rewards program. However, this article is not investment advice; we always recommend you do your own research or consult your financial advisor before investing your hard-earned money.
Chill Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Chill Pepe (CHILPEPE), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days. This is because CHILPEPE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Chill Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Chill Pepe could become the next viral memecoin. Chill Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Chill Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Chill Pepe by entering its contract address – AfPftBmzfb2pan4Drt2ZKgT7VK5Rn7CLQHpp8DpLhXZj – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like CHILPEPE. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks
With Congress days away from wrapping up its session, Texas Senator Ted Cruz is making a last-minute push to pass a bill that criminalizes AI-generated revenge porn. The proposal, S.4569, takes aim at deepfakes — the increasingly popular tech that superimposes someone’s face onto pornographic images or videos without their consent. If passed, the bill would require websites and social media platforms to remove the content within 48 hours of being notified by a victim. The bill is also bipartisan, co-sponsored by Democratic Senator Amy Klobuchar, and it sailed through the Senate unanimously on December 3. Now, all eyes are on the House, where lawmakers have just a few days left to approve the companion bill, H.R. 8989. At a December 11 press conference, Cruz said: “Every victim should have the right to say, ‘That is me. That is my image, and you don’t have my permission to put this garbage out there.” Victims speak out as tech companies back the bill Elliston Berry, a 15-year-old girl whose AI-altered image spread like wildfire across Snapchat, shared her nightmare at the press event . “That morning I woke up, it was one of the worst feelings I have ever felt,” she said, describing how the fake image circulated for nine months before Cruz’s office intervened to have it removed. Her family’s countless efforts to get platforms to act had failed. Berry’s story isn’t unique, and that’s the problem. Deepfake pornography has exploded, leaving victims scrambling to reclaim their privacy while tech companies play catch-up. For Berry’s mother, reaching Cruz’s office was a turning point. It took direct intervention from a U.S. Senator to get a major social platform to pull the content. For most victims, that kind of access isn’t an option. Tech giants Google, Meta, Microsoft, and TikTok are backing Cruz’s legislation. This might seem surprising, but the reality is they’re under mounting pressure to step up. Critics have long called out platforms for dragging their feet on removing deepfake content. Cruz’s bill forces their hand: 48 hours, no excuses. Senator Klobuchar emphasized the need to act now. “This work is about building a future, about taking on the challenges of the new environment we live in and not just pretending it is not happening anymore.” A problem no one can ignore AI has made deepfake creation disturbingly simple. Tools that once required advanced skills and resources are now available to anyone with a laptop and internet access. It’s no coincidence that 98% of all deepfake content online is pornographic. The numbers are shocking. This year, the National Center for Missing and Exploited Children (NCMEC) flagged 4,700 cases of AI-generated child sexual abuse material (CSAM). The technology also feeds the darkest corners of the internet. A recent case in Wisconsin saw a 42-year-old man arrested for creating and distributing thousands of explicit AI images of minors. Another case involved a child psychiatrist sentenced to 40 years for using AI to generate altered images of real children. Deepfake pornography doesn’t stop with minors. Celebrities, influencers, and everyday people are being targeted at alarming rates. Anyone with a public image — or even a social media account — can become a victim. With no federal laws in place, victims have little recourse. AI is only getting smarter. If lawmakers fail to act now, the damage will only deepen. The lawmakers clearly know this. And so do the victims. Now it’s up to Congress to decide whether to fight back or let the deepfake crisis rage on unchecked. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Coinbase and decentralized finance (DeFi) platforms are rapidly challenging traditional exchanges, as Bitcoin Exchange-Traded Funds (ETFs) surpass gold in assets under management. This shift signals a transformative period for the
Bitcoin is currently trading above $107,000, but analysts at the cryptocurrency exchange Bitfinex say the asset is still far from “euphoric peaks.” Historical data cited by the analysts suggest the crypto market is in the middle of the bull phase and could peak in Q3 or Q4 2025, roughly 450 days after the April 2024 halving. In a weekly report detailing expectations for bitcoin’s price in 2025, Bitfinex analysts said it could peak at $339,000 or $145,000 due to diminishing returns moderating the level of gains seen in previous cycles. BTC Still Far From Euphoric Peaks Bitcoin has rallied 573% from its bear market lows of $15,487 in November 2022 and 130% on a year-to-date basis. This bull market has been driven by strong institutional demand , spot accumulation, and consistent purchases by Bitcoin exchange-traded funds (ETFs). Spot ETFs are now considered a dominant force in the Bitcoin market. The products hold more than 1.13 million BTC and have a cumulative inflow of over $50 billion. With institutional investors and the spot Bitcoin ETF market driving demand for BTC, analysts expect corrections in this bull cycle to remain relatively small. Data from previous cycles also show that BTC has recorded minimal corrections after entering price discovery post-halving. In 2017, the maximum decline during such phases was 33.2%, while the 2020 cycle was minimal at 27.1%. “In the current bull cycle, which began in mid to late 2023, Bitcoinʼs corrections have been smaller, particularly since the launch of Bitcoin ETFs in early 2024. With institutional and ETF demand providing consistent buying pressure, we expect this trend to continue, keeping future corrections limited and potentially shorter in duration,” Bitfinex stated. Optimistic Expectations for 2025 Although analysts have optimistic expectations for BTC in 2025, they have warned that the cryptocurrency may not see rallies as high as recorded in previous cycles. In 2021, BTC rose roughly 40% from its moving averages; however, the trend of diminishing returns could place the surge at 15-20% above the moving averages. This translates to BTC peaking at $160,000 or $200,000 in mid-2025 or, in a less likely scenario, $290,000 by early 2026. The post Bitcoin Still in Bull Phase But Far From Euphoric Peaks: Bitfinex Alpha appeared first on CryptoPotato .
Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management.