World Liberty Monetary Initiative (WLFI), a DeFi challenge backed by US President-elect Donald Trump, has made headlines with a current $12 million crypto acquisition.On Dec. 12, blockchain analytics agency Lookonchain revealed that WLFI acquired 2,631 ETH for $10 million at $3,801 per token. Moreover, it purchased 41,335 LINK and three,357 AAVE, investing $1 million in every.In line with Arkham Intelligence data, these purchases have boosted the challenge’s crypto holdings to a price exceeding $74.7 million. WLFI now holds roughly 14,576 ETH (value over $57 million), 102.9 cbBTC (valued at $10.3 million), and different belongings like USDC alongside its newly acquired…
Author: Team_SimonCrypto
Ray Dalio, founding father of the world’s largest hedge fund Bridgewater Associates, mentioned he prefers investing in “arduous cash” like bitcoin and gold over debt property, given rising international indebtedness.In a speech on the Abu Dhabi Finance Week convention, the veteran investor referred to “unprecedented ranges” of debt seen in all main nations, together with america and China, stressing that present ranges are unsustainable.”It’s unattainable for these nations to have the ability to not have a debt disaster within the years forward that can result in an incredible decline of [money] worth,” Dalio mentioned.He continued that he needs to “steer…
After a number of days of value losses, bitcoin has lastly gone on a tear and soared previous $100,000 and even tapped $102,000 for the primary time since Friday. The altcoins are additionally nicely within the inexperienced, with large double-digit value good points from the likes of AAVE, HYPE, SUI, LINK, BEAM, and lots of others. BTC Jumps to $102K The first cryptocurrency tried to overcome the six-digit entry mark throughout the weekend however was stopped on a few events. The next rejections prolonged into the beginning of the enterprise week, with two consecutive value drops to $94,400 on Monday…
Market sentiment can be shifting, with TON’s provide on exchanges lowering from 1.91 million to 1.85 million. This pattern suggests decreased promoting strain, presumably as holders transfer tokens off exchanges for long-term holding or staking. Such a decline in alternate provide usually helps upward value momentum.Technically, TON faces key resistance close to $6.3, with additional targets at $6.6 and $6.99 if the rally continues. Nonetheless, challenges stay. The latest formation of a loss of life cross on the Exponential Transferring Common (EMA) traces indicators bearish sentiment. Nonetheless, short-term EMAs trace at a possible reversal if present momentum holds.If the rally…
A broadly adopted cryptocurrency analyst and dealer is predicting one prime 20 altcoin will quickly have an explosive breakout. The analyst pseudonymously referred to as Bluntz tells his 304,200 followers on social media platform X that Ethereum (ETH)-based decentralized oracle Chainlink (LINK) could surge after finishing an ABC correction on the 12-hour chart. Bluntz practices the Elliott Wave principle, which states {that a} bullish asset tends to see extra rallies after concluding an ABC wave pullback. “LINK continues to look sturdy right here towards USD and BTC pair. Working actual onerous on the vary breakdown reclaim, I believe this can…
Este artículo también está disponible en español. The Bitcoin (BTC) market has undergone a exceptional restoration this 12 months, largely as a result of elevated reputation of Bitcoin ETFs. BTC reached an all-time excessive of $73,000 within the first quarter of the 12 months, sparking a bullish pattern that continues in the present day, with a latest excessive of $104,000. The presidential election of Donald Trump has had a huge impact on this rise particularly over the previous month, as he has positioned himself as the primary pro-crypto President, picturing America because the “crypto capital of the world.” Trump’s favorable…
Amid waning market momentum, Ethereum, the second-largest digital asset, is displaying a notable downswing, falling to a number of help ranges. Nonetheless, with latest developments cited on its chart, the altcoin would possibly witness a serious rally that might ship ETH to a brand new all-time excessive within the upcoming months. Key Breakout To Drive Ethereum’s Subsequent Large Transfer Delving into Ethereum’s present worth motion, Captain Faibik, a market knowledgeable and fanatic, pointed out that ETH has undergone a crucial chart sample breakout, triggering hope amongst buyers towards its future worth efficiency to unprecedented levels. This key chart sample is…
For years, Bitcoin skeptics have watched from the sidelines, ready for a second to hitch the journey, solely to persuade themselves that they’ve already missed the boat. Nevertheless, the truth tells a distinct story. Not solely is it not too late, however Bitcoin continues to show itself as a superior funding choice in comparison with conventional property—whether or not you’ve got $25 every week to spare or thousands and thousands to allocate.Bitcoin Magazine Pro has a free portfolio evaluation software, Dollar Cost Average (DCA) Strategies, which allows buyers to measure Bitcoin’s efficiency in opposition to different main property like gold,…
[PRESS RELEASE – Cayman Islands, George Town, December 12th, 2024] KAST, a monetary expertise platform constructed on stablecoins to ship a neobank-style expertise, has raised US$10 million in seed funding. The spherical is led by HSG (HongShan Capital Group) and Peak XV Companions. A variety of high-profile angels, companions of DST World, and Goodwater Capital additionally joined the spherical. “For many international locations and over half of worldwide GDP, banking doesn’t match the openness and pace of the Web, it’s essentially damaged. Stablecoins are the clear answer, however the person expertise wasn’t nice. We’re constructing KAST to alter this”, provides Raagulan…
What’s SAFU?Safe Asset Fund for Customers is what SAFU stands for. Binance established this reserve to guard consumer funds within the occasion of extreme circumstances, corresponding to hacks or breaches. In essence, it offers cryptocurrency customers with a monetary security web.Unexpectedly, SAFU was not developed in a severe surroundings. Initially, the phrase was a joke. Changpeng Zhao (CZ), the CEO of Binance, tweeted in 2018 that “Funds are secure” throughout upkeep. A YouTuber made a video titled Funds Are Safu, turning the phrase right into a viral meme. Binance embraced the humor and later launched the SAFU initiative. It turned…