Matador Technologies is making waves in the crypto sector by adopting Bitcoin as a treasury reserve asset, mirroring strategies implemented by industry behemoths like MicroStrategy. With a planned initial purchase
Matador Technologies is following in MicroStrategy’s footsteps, sharing a board member with Japanese firm Metaplanet—another Bitcoin buyer.
After months of turmoil and a settlement with Riot Platforms, Bitfarms’ stock performance remains disappointing. Is a rebound for $BITF overdue, or is the company slowly losing its position in the market? Let’s dive in! Bitfarms Faces a Crossroads The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks,
Prediction markets have gone ballistic. Kalshi, one of the sharpest platforms out there, says there’s now a 77% chance that one of the Magnificent 7 companies (Apple, Amazon, Meta, Microsoft, Tesla, Nvidia, or Alphabet) will take the plunge and buy Bitcoin in 2025. A few months ago, those odds were sitting at 49%. What happened? Michael Saylor, a man who treats Bitcoin like religion, has been out here pushing companies like Microsoft to stop playing it safe and start stacking sats. Let’s call it what it is: the market smells blood, and by blood, we mean Bitcoin. 2025 could be even better than 2024 has already been. These guys have been circling the crypto waters for years, and the odds are now higher than ever that one of them is finally going to bite. Let’s take a look at what they think about Bitcoin *now.* Alphabet keeps Bitcoin at arm’s length Company number one is Alphabet, Google’s parent company, which has been doing that thing where it dips a toe into the crypto pool but doesn’t want to admit it’s swimming. Back in 2018, it banned crypto ads altogether because, apparently, scams are bad for business. Fast-forward to this year, and they seem like they’ve realized blockchain technology might actually be worth something. Google Cloud is exploring blockchain for enterprise clients, focusing on things like security and transparency. Meanwhile, Alphabet’s financials are looking good. Google Cloud revenue hit $11.4 billion in Q3, up 35%. The company’s stock is up more than 30% since September, making it a top performer in that market. Amazon’s boardroom brawl Amazon’s shareholders aren’t exactly the same though. In December, they told the board to put their money where the future is. Specifically, they want Amazon to invest 5% of its $88 billion in cash reserves into Bitcoin. That’s $4.4 billion, for those keeping score at home. But wait, there’s more. Insiders reportedly say Amazon is already thinking about dropping $250 million on Bitcoin. Why? Because new accounting rules from the Financial Accounting Standards Board (FASB) make it easier to hold crypto on the books. Meanwhile, rumors are going around that Amazon could start accepting Bitcoin, Ethereum, and Cardano as payment soon. Amazon’s stock is trading at $225, up 20% for the year. With a market cap of $2.36 trillion, they’re incredibly powerful. If they jump into Bitcoin, it’ll be like Tyson stepping into a middleweight ring. Apple sticks to its lane As for Apple, it isn’t exactly rushing to buy Bitcoin. Instead, they’re making it easier for their customers to buy it. Earlier this month, the company partnered with Coinbase to let users buy cryptos directly through Apple Pay. That’s all we got on them for now. Apple’s stock is trading at $180, with a market cap north of $2.8 trillion. They’re playing it safe, but their users? Not so much. Might be time to give the people what they want. Meta pivots to NFTs while Microsoft backs the blockchain Meta, the company formerly known as Facebook, has been pushing NFTs hard, integrating them into Instagram and Facebook. Reports say NFT transactions on Meta’s platforms are up 40% since launch. But let’s not forget Meta’s bigger play: the metaverse. They’re betting on blockchain to power virtual transactions, and that means they’re not done with crypto yet. Meanwhile, Microsoft is keeping things corporate. Azure, its cloud platform, has rolled out Blockchain-as-a-Service (BaaS). Over 500 companies are already using it to build decentralized apps. Microsoft is also throwing cash at startups in DeFi and NFTs. The stock is $380 a share and the company has a $2.8 trillion market cap. But when Michael Saylor suggested that they add Bitcoin to their balance sheet just some weeks back, they told him NO. Tesla and Nvidia: Bitcoin holdings and mining wars Tesla’s Bitcoin story is well-known. They’ve got $1.5 billion in Bitcoin on their books and are thinking about bringing back Bitcoin payments for their cars. Elon Musk might be polarizing, but Tesla’s crypto strategy isn’t. They’re holding steady while pushing for greener mining practices. Their stock? Trading at $280, with a market cap of $900 billion. Then there’s Nvidia. Their GPUs are the backbone of crypto mining, especially for Bitcoin miners. But Nvidia’s relationship with crypto isn’t all roses. They’re facing a Supreme Court case over allegations they misled investors about crypto revenue back in 2018. Still, their stock is trading at $140, with a market cap of $3.42 trillion. Legal drama aside, the company has staged nothing short of a remarkable performance this year. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
XRP, the native cryptocurrency of global payment company Ripple, has showcased strong resilience to the current market correction.…
According to blockchain tracker Whale Alert, XRP whales have seen a significant transfer of 60 million XRP, valued at $132,202,106, between two unidentified wallets. This large transaction has drawn attention as market analysts predict a possible rally in XRP’s price, with some suggesting a new all-time high could be on the horizon. Massive XRP Whale Transfer Sparks Speculation The 60 million XRP transfer, first reported by blockchain monitoring platforms, involved a substantial movement of XRP tokens, raising questions about potential strategies by large holders. XRP whale movements are often linked to preparation for major market events or price shifts especially with the XRP ETF increasing launch potential. EGRAG Crypto, a notable market commentator, expressed optimism about XRP’s trajectory, predicting a surge to $27. He pointed out that XRP is hovering above its Break of Structure (BOS) level while aligning with the 21 Exponential Moving Average (EMA), which could pave the way for a bullish breakout. Additionally, data from CryptoQuant revealed that XRP is the most traded alternative cryptocurrency on Binance’s futures market this December, with $116.6 million in trading volume. Analysts suggest this heightened activity may indicate increasing interest in the asset ahead of the potential Santa Claus rally. Historical Patterns Indicate Potential Breakout Market chartists have drawn comparisons between XRP’s current price movements and its behavior during the 2017 bull run amid the XRP whales moves. A trader, known as Crypto Vilian, highlighted XRP’s price pattern, which mirrors its 2017 trajectory of a steep decline, recovery, consolidation, and eventual explosive breakout. Crypto Vilian noted that XRP price recently broke out of a prolonged bearish trend, entering a consolidation phase that historically preceded significant upward movements. He also suggested that XRP’s market cap could exceed $1 trillion in this cycle, translating to a price of over $17 per token. However, he emphasized that this outcome would depend on broader market trends, particularly Bitcoin’s performance. XRP Price Faces Short-Term Bearish Patterns Despite long-term bullish expectations, XRP’s daily chart reveals a descending triangle pattern, indicating potential short-term bearish pressure. According to TradingView, the support level lies near $2.19, while the downward trendline of lower highs may lead to a drop to $1.69 if breached. On the other hand, analysts see room for recovery if XRP bounces from its current support level. A break above the $2.50 resistance could invalidate bearish predictions and set the stage for XRP to retest its recent high of $2.90. Meanwhile, on-chain data from Messari shows that XRP addresses holding over one million tokens have been reducing their balances, signaling profit-taking by large holders during the asset’s consolidation phase. This activity has added to market pressure in recent weeks prompting worries XRP price may not be heading for a rally soon unless bouyed by the Ripple SEC case end and Gary Gensler stepping down in January. The post XRP Whales Move $132M Ahead Of Santa Claus Rally, ATH Looming? appeared first on CoinGape .
Chainlink integrates memecoins into its services, enhancing accessibility. The adoption of CCT standards enables memecoins to reach wider networks. Continue Reading: Chainlink Expands Access to Various Memecoins Across Multiple Networks The post Chainlink Expands Access to Various Memecoins Across Multiple Networks appeared first on COINTURK NEWS .
Victoria, Seychelles, December 23rd, 2024, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has announced the listing of TON Station (SOON) in the Innovation and TON Ecosystem Zone. TON Station is a premium game distribution platform created by industry leaders SIDUS HEROES and SuperVerse. The platform offers exclusive access to unique games and content within the Web3 domain, collaborating globally with top Web3 gaming studios. Partnerships with prominent figures such as Crypto Banter, Alex Becker, and EllioTrades further highlight TON Station’s influence and integration in the gaming ecosystem. The listing of TON Station (SOON) reflects Bitget’s focus on supporting innovative, community-driven projects. As a global leader in cryptocurrency trading, Bitget provides an extensive selection of tokens across both spot and derivatives markets, hosting over 800 assets from ecosystems including Ethereum, Solana, Base, and TON. Adding TON Station (SOON) to its platform strengthens Bitget’s role in introducing diverse projects to its global user base. Deposits for TON Station (SOON) are already open. Trading will commence on December 22, 2024, at 11:00 (UTC), with withdrawals becoming available on December 23, 2024, at 11:00 (UTC). The SOON/USDT trading pair will be offered in Bitget’s spot market. 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 market, 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 our Terms of Use . Contact Public Relations Media Bitget media@bitget.com
Digital assets manager CoinShares says institutional investors poured hundreds of millions into crypto investment vehicles last week in spite of market-wide sell pressure. In its latest Digital Asset Fund Flows report , CoinShares says that last week, institutional crypto investment products saw net inflows of $308 million. “Digital asset investment products saw a continuation of inflows last week totaling US$308m, although this masks the largest single day of outflows on the 19th December totaling US$576m, with total outflows in the final 2 days of last week at US$1bn.” Source: CoinShares According to CoinShares, last week’s hawkish Federal Open Market Committee (FOMC) release resulted in a $17.7 billion loss in assets under management (AuM) by crypto exchange-traded products (ETPs). “While these outflows may sound alarming, they comprise just 0.37% of total AuM, ranking as the 13th largest single-day outflow on record. The largest single-day outflow took place in mid-2022, when the FOMC interest rate hike prompted US$540m outflows (2.3% of AuM.)” Bitcoin ( BTC ), per usual, led the way with $375 million in inflows. While Ethereum ( ETH ) and XRP products enjoyed $51.3 million and $8.8 million in inflows each, multi-asset investment products, those investing in a basket of cryptos instead of just one, saw a significant uptick in outflows. “The most dramatic flows were from multi-asset investment products, which saw US$121m of outflows last week.” 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: DALLE3 The post Institutional Crypto Products Continue Inflow Hot Streak Despite Market Sell-Off: CoinShares appeared first on The Daily Hodl .
The Santa Claus Rally faces uncertainty as Bitcoin dips to $94,955. Strong trading volumes and mixed on-chain signals suggest a pivotal week ahead.