CryptoBuzz Posts

Satoshi Action Fund to Announce New Strategic Bitcoin Reserve Bill Click to see more

This is Why Grayscale Launches New Trusts Based on 2 Altcoins 🐝 ~ ~ Grayscale has launched two new investment vehicles: the Grayscale Lido DAO Trust and the Grayscale Optimism Trust, aimed at providing exposure to the respective tokens of these protocols. Both trusts are now available and are intended to enhance Ethereum’s blockchain ecosystem by improving its efficiency, security, and scalability. The announcement highlights the similar past price trajectories of Lido and Optimism, despite recent challenges for both, including substantial price fluctuations. Grayscale previously created various cryptoasset trusts and continues to seek opportunities to capitalize on the momentum in the decentralized finance sector, particularly for Ethereum-related products. @CryptoBuzzPosts 🐝 ~ ~

Pentagon Responds to Unidentified Drones Flying Over New Jersey 🐝 ~ ~ Recent drone sightings over U.S. and European cities, particularly New Jersey, have sparked concerns, with reports indicating up to 180 drones observed at once. Governor Phil Murphy noted their sophistication, saying they “go dark” upon sighting. While speculation about these drones’ origins includes claims of a mothership linked to Iran, Pentagon officials denied any evidence of foreign adversaries’ involvement, asserting no threat to safety exists. UFO experts express skepticism regarding the drones’ classification, noting a lack of definitive explanations for these sightings. U.S. Northern Command is monitoring the situation but has not received requests for intervention. @CryptoBuzzPosts 🐝 ~ ~

XRP Skyrockets 1,209% in 24 Hours in Abnormal Liquidation Imbalance 🐝 ~ ~ This week, the cryptocurrency market witnessed significant liquidations, with over $2 billion affected, primarily among long positions. Despite this turmoil, XRP trading showed a striking anomaly, reporting $1.44 billion in liquidations, predominantly long positions, indicating a strong bullish sentiment. The over-leveraged traders, particularly late entrants, suffered losses, highlighted by the 1,209% imbalance between long and short liquidations. XRP’s recent price surge of over 30% has attracted interest, with the token currently trading at $2.40. While many traders seem optimistic, improper risk management led to losses for latecomers amidst the market’s volatility. @CryptoBuzzPosts 🐝 ~ ~

U.S. Unemployment Claims and PPI Data Exceed Expectations Click to see more

Binance Fund Inflows Dominate 2024, Surpassing Next 10 Exchanges Combined by 40% Click to see more

Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape 🐝 ~ ~ Ronaldo is a dedicated crypto enthusiast with over five years of experience in the industry. His journey, fueled by curiosity and passion, has led him to explore various aspects of cryptocurrencies, including blockchain fundamentals and market trends. Specializing in technical analysis, he believes in unlocking market opportunities through chart study. Committed to sharing his knowledge, Ronaldo provides insightful analysis and news to empower others in the crypto space. Beyond crypto, he enjoys sports and aims to master multiple languages for personal and professional growth. Ultimately, Ronaldo envisions cryptocurrencies fostering financial freedom and societal development while prioritizing continuous self-improvement. @CryptoBuzzPosts 🐝 ~ ~

Donald Trump holds $2.2m in TROG more than Ethereum 🐝 ~ ~ President-elect Donald Trump is a notable figure in the crypto space, with a portfolio valued at $8.1 million. His largest digital asset is the TROG token, representing over 27% of his portfolio at $2.2 million, having recently surged by 92.31%. In addition to TROG, Trump holds Ethereum (ETH) worth $1.9 million and WETH valued at $1.84 million. Other assets include TRUMP, GUA, and USDC, each under $1 million. TROG, a meme coin inspired by Trump, aims to create a fun community and offers a supply of 440 billion tokens as part of its mission. @CryptoBuzzPosts 🐝 ~ ~

DCG To Split Foundry Digital Mining Into Two Entities: Report 🐝 ~ ~ Digital Currency Group (DCG) is restructuring its Foundry mining business, splitting it into two entities: Fortitude Mining and Foundry. Fortitude will manage self-mining operations and infrastructure, while Foundry will focus on its pool operations and Bitcoin mining services. This decision aims to foster future growth, with DCG stating that Fortitude will be stronger as a standalone subsidiary. To facilitate this transition, some of Foundry’s leadership will be integrated into Fortitude. Additionally, DCG recently introduced Yuma, a new subsidiary aimed at developing the Bittensor ecosystem, supporting AI innovations and incentivizing creators with its protocol. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin (BTC) Surpasses 101,000 USDT with a 5.45% Increase in 24 Hours Click to see more

Bitcoin (BTC) Surpasses 100,000 USDT with a 2.49% Increase in 24 Hours Click to see more

Bitcoin (BTC) Surpasses 100,000 USDT with a 2.49% Increase in 24 Hours Click to see more

Bitcoin velocity hits 12-year low as institutional demand drives up price 🐝 ~ ~ Bitcoin’s velocity, a measurement of transaction frequency, has sharply declined since 2022, hitting a low of 14.9 in 2024—the lowest since 2011. This decrease indicates reduced on-chain activity as market participants shift from trading Bitcoin to accumulating it in anticipation of price volatility, particularly influenced by events like the upcoming US Presidential elections. Although Bitcoin’s price soared past $101,000, the drop in velocity suggests a transition to long-term holding driven by institutional demand, largely influenced by derivatives and spot Bitcoin ETFs, which require Bitcoin to be held rather than actively traded. Therefore, Bitcoin’s price is increasingly driven by institutional adoption rather than transaction volume. @CryptoBuzzPosts 🐝 ~ ~

U.S. CPI Annual Rate Climbs to 2.7% in November, Reaching Four-Month High Click to see more

Binance Market Update: Top Stories December 11, 2024 Click to see more

Spot Gold Reaches Two-Week High at $2700 Per Ounce Click to see more

Bitcoin (BTC) Surpasses 98,000 USDT with a 0.67% Increase in 24 Hours Click to see more

Crypto industry sounds off on SEC’s Crenshaw ahead of vote 🐝 ~ ~ The Senate Banking Committee is set to vote on SEC Commissioner Caroline Crenshaw’s reappointment, amid criticism for her stance on cryptocurrency. Crypto advocates argue she is more anti-crypto than SEC Chair Gary Gensler, pointing to her opposition to spot bitcoin ETFs, which have seen significant inflows. Crenshaw has described the SEC’s approval of such products as “unsound,” raising concerns over investor protection. Critics claim she relies on outdated studies and has stifled innovation through a regulation-heavy approach. With Gensler and fellow Commissioner Jaime Lizárraga leaving in January 2024, only crypto-friendly commissioners remain. @CryptoBuzzPosts 🐝 ~ ~

Trump Leads Time's 2024 Person Of The Year Predictions Click to see more

BlackRock's IBIT Asset Size Matches 50 European ETFs, Analyst Reports Click to see more