CryptoBuzz Posts

Solana liquid staking startup Sanctum trials ‘creator coins’ 🐝 ~ ~ Sanctum, a Solana startup, has launched creator coins, a new type of liquid staking token that benefits creators by allowing them to earn yield while fans earn loyalty points for holding these coins. This innovation aims to enhance adoption among crypto-native creators, building on Sanctum’s previous initiatives like the INF token for liquidity and recent collaborations with exchanges like Binance. Unlike other loyalty programs that struggle to engage creators, Sanctum focuses on connecting closely with Solana’s community. While creator coins forgo staking yield initially, they may evolve to incorporate it, addressing the successful engagement gap faced by similar platforms. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update: Top Stories December 22, 2024 Click to see more

Nexo and 7RCC Unveil ESG-Focused Bitcoin ETF Proposal 🐝 ~ ~ Nexo and 7RCC Global are launching an ESG-focused Bitcoin exchange-traded fund (ETF), the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF, intended to capitalize on the growing market for spot Bitcoin ETFs. The ETF aims to allocate 80% to Bitcoin and 20% to carbon credit futures, emphasizing emissions allowances from established cap-and-trade systems. This initiative integrates environmental, social, and governance (ESG) principles into cryptocurrency investment, addressing regulatory challenges while promoting sustainability. If approved, the ETF will enter a competitive market, emphasizing the importance of making a positive societal impact alongside financial returns. @CryptoBuzzPosts 🐝 ~ ~

El Salvador Wallet Adds 11 BTC to Strategic Reserves Click to see more

United States of Bitcoin? These States Are Considering BTC Reserves 🐝 ~ ~ Donald Trump and his political allies are advocating for a national Bitcoin stockpile in the U.S. Treasury. Following the cryptocurrency’s recent price spikes, states like Texas, Pennsylvania, and Ohio are exploring proposals for strategic Bitcoin reserves. Texas lawmakers are considering a bill to create a reserve that mandates a five-year holding period in cold storage. Pennsylvania’s proposal allows its Treasurer to invest up to 10% of the State General Fund, potentially purchasing nearly $1 billion in Bitcoin. Ohio is drafting a bill granting its Treasurer discretionary power to establish a Bitcoin fund, aiming to modernize financial practices and protect state funds. @CryptoBuzzPosts 🐝 ~ ~

Polygon’s Agglayer Mainnet Date Confirmed by Sandeep Nailwal 🐝 ~ ~ Agglayer, a modular cross-blockchain ecosystem from Polygon, has achieved a significant milestone with the launch of its testnet v0.2, which utilizes pessimistic proofs for interconnecting diverse blockchains. The mainnet is expected in early 2025, emphasizing the credibility and secure value transfers across EVM chains. Polygon co-founder Sandeep Nailwal announced the activation of the testnet on December 20, 2024. Agglayer aims to address liquidity fragmentation in DeFi, enhance gaming platforms like ImmutableX, and offer fractional ownership in real-world assets. The ecosystem also promises to support data-heavy dApps in AI and decentralized physical infrastructure networks. @CryptoBuzzPosts 🐝 ~ ~

Binance Market Update: Top Stories December 21, 2024 Click to see more

6,700 BTC Exit Amidst Largest Outflow In Months 🐝 ~ ~ Amid shifting market expectations for Federal Reserve interest rate cuts, a record $680 million was withdrawn from Bitcoin ETFs, marking the highest single-day outflow since their approval in January. Consequently, Bitcoin’s price dropped 5%, trading around $97,400, while major ETFs like Grayscale and Bitwise saw approximately 8% declines. After peaking over $108,000 earlier, Bitcoin fell below $100,000, influenced by both seasonal profit-taking and the Fed’s cautious stance on future rate cuts. Analysts caution that ongoing selling pressure could further weaken market sentiment, with market capitalization potentially falling below $3 trillion amid increasing volatility. @CryptoBuzzPosts 🐝 ~ ~

Michael Saylor is willing to advise Trump on the crypto policy 🐝 ~ ~ Michael Saylor, co-founder of MicroStrategy, expressed his willingness to advise President-elect Donald Trump on cryptocurrency policy during a Bloomberg Television interview. Saylor, a prominent Bitcoin advocate, has invested nearly $1 billion in BTC and sees Bitcoin as a vital digital asset akin to land in cyberspace. He considers Trump a crypto-friendly politician and aligns with his views on reducing regulatory pressures to boost the U.S. economy. Trump has proposed forming a crypto advisory council, which has attracted interest from major crypto companies. This marks a significant shift in Trump’s stance on cryptocurrency, moving from skepticism to advocacy during his 2024 campaign. @CryptoBuzzPosts 🐝 ~ ~

Hedera Foundation Appoints Charles Adkins as CEO, What’s Next? 🐝 ~ ~ The Hedera Foundation has appointed Charles Adkins as CEO, effective January 1, 2025, marking a strategic shift towards promoting decentralized finance (DeFi) adoption. Previously President of Hedera Hashgraph, Adkins will oversee the launch of a transparent on-chain grant management platform in Q2 2025, enhancing community involvement in funding decisions. The foundation aims to simplify DeFi access, focusing on key areas like tokenization, AI integration, and digital identity, while supporting various industries. Meanwhile, Bloomberg analysts speculate that Hedera ETFs could gain approval sooner than others, contributing to positive HBAR price movements and recent growth in trading volume. @CryptoBuzzPosts 🐝 ~ ~

Crypto market faces $1.25B liquidations as Bitcoin plunges below $96K 🐝 ~ ~ The crypto market faces turmoil as Bitcoin plummets below $96K following the Federal Reserve’s interest rate cut of 25 basis points. Bitcoin, which recently peaked at $108K, saw a 7.24% drop, resulting in over $45 million in liquidations, with Ethereum also suffering significant losses. The broader market experienced $1.25 billion in liquidations amid fears of a bearish cycle, while roughly $1.5 trillion was lost in the US stock market. Despite this, analysts remain hopeful for an altcoin season, as major altcoins like Ethereum and Solana gain interest, potentially aided by favorable regulatory changes in the future. @CryptoBuzzPosts 🐝 ~ ~

U.S. November Core PCE Price Index Shows Slight Increase Click to see more

Bitcoin(BTC) Drops Below 93,000 USDT with a 9.21% Decrease in 24 Hours Click to see more

Bitcoin(BTC) Drops Below 93,000 USDT with a 9.21% Decrease in 24 Hours Click to see more

El Salvador defies IMF, ramps up Bitcoin strategy with latest purchase of $1M BTC 🐝 ~ ~ El Salvador is intensifying its Bitcoin acquisition strategy despite scaling back certain policies due to an agreement with the IMF. Recently, the National Bitcoin Office announced the purchase of 11 BTC for around $1 million, totaling 18 BTC over the past week, bringing the national holding to 5,980.77 BTC valued at approximately $585.8 million. While the IMF agreement requires reduced public sector involvement and optional Bitcoin acceptance, the government remains committed to its Bitcoin programs and education initiatives. Senior Bitcoin advisor Max Keiser emphasized that Bitcoin’s role in the country’s economic transformation is crucial, rejecting IMF policies. @CryptoBuzzPosts 🐝 ~ ~

Binance Alpha Unveils Fourth Batch of Project Tokens Click to see more

HAWK memecoin draws lawsuit, but ‘Hawk Tuah’ girl not sued 🐝 ~ ~ A lawsuit has been filed in New York against two business partners of Haliey Welch, the influencer behind the HAWK memecoin, which was launched in partnership with a lesser-known company, overHere. Although Welch, who gained fame from a viral clip and has been involved in the crypto community, is not named as a defendant, the suit highlights her potential exploitation by her partners. Since the HAWK token’s debut in December, its market cap plummeted 90% shortly after launch. The case underscores ongoing concerns regarding the manipulation of celebrities in the cryptocurrency space, as evidenced by past incidents. @CryptoBuzzPosts 🐝 ~ ~

El Salvador Increases Strategic Bitcoin Reserves With $1 Million Purchase Click to see more

Shelby American and Vanar Chain Launch Metaverse Brand 🐝 ~ ~ Vanar Chain is partnering with Shelby American to launch the “Shelbyverse” in the Metaverse, aiming to engage a new audience of car enthusiasts. Utilizing Vanar’s Layer 1 blockchain technology and gaming platform Virtua, the collaboration will offer exclusive physical merchandise alongside a gamified experience across multiple platforms, including Roblox. This initiative reflects Shelby’s commitment to innovation in the digital space, as expressed by CEO Jawad Ashraf. While concerns about the Metaverse’s sustainability exist, gamified experiences continue to thrive, as seen in other partnerships like Lamborghini’s with Animoca. Shelby’s venture represents its proactive approach toward Web3 modernization. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin(BTC) Drops Below 100,000 USDT with a 4.08% Decrease in 24 Hours Click to see more