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Software firm MicroStrategy announces a special shareholder meeting to discuss acquiring more Bitcoin through increased company share sales.
MicroStrategy has gone ballistic with its #Bitcoin cravings, with the Michael Saylor-chaired firm constantly thinking of means to buy more of the premier asset. In the latest development, shareholders of the business intelligence firm will meet today to discuss how to buy more Bitcoin.
According to the disclosure, MicroStrategy’s shareholders will discuss and vote on key proposals to enhance its 21/21 Bitcoin strategy. An integral part of the session would be a quest to increase the number of shares available for sale.
MicroStrategy to Deliberate on Shares Issuance
The software firm will vote on internal ways to raise more capital to procure Bitcoin through share sales. Subject to approval, it intends to increase the issuance of its common and preferred shares.
MicroStrategy proposes increasing the authorized class A shares from $300 million to $10.33 billion. It also intends to raise the authorized preferred share issuance from $5 million to $1.005 billion.
Meanwhile, this would facilitate capital attainment for more Bitcoin purchases. Notably, MicroStrategy raised $561 million last week by issuing over one million of its shares and bought 5,262 BTC with the realized funds.
Furthermore, the publicly traded pro-Bitcoin company will deliberate on aligning incentives for new directors with its Bitcoin strategy. MicroStrategy shareholders will vote on an amendment to the 2023 Equity Incentive Plan, which would automatically award equities to new board directors.
Notably, MicroStrategy’s Bitcoin playbook has gained traction, with public firms like Marathon Digital and Metaplanet adopting the strategy. Lawmakers in regions like Russia and the European Union are also considering storing their reserves in Bitcoin as the asset nears mainstream adoption.
#CryptoNewsCommunity
MicroStrategy has gone ballistic with its #Bitcoin cravings, with the Michael Saylor-chaired firm constantly thinking of means to buy more of the premier asset. In the latest development, shareholders of the business intelligence firm will meet today to discuss how to buy more Bitcoin.
According to the disclosure, MicroStrategy’s shareholders will discuss and vote on key proposals to enhance its 21/21 Bitcoin strategy. An integral part of the session would be a quest to increase the number of shares available for sale.
MicroStrategy to Deliberate on Shares Issuance
The software firm will vote on internal ways to raise more capital to procure Bitcoin through share sales. Subject to approval, it intends to increase the issuance of its common and preferred shares.
MicroStrategy proposes increasing the authorized class A shares from $300 million to $10.33 billion. It also intends to raise the authorized preferred share issuance from $5 million to $1.005 billion.
Meanwhile, this would facilitate capital attainment for more Bitcoin purchases. Notably, MicroStrategy raised $561 million last week by issuing over one million of its shares and bought 5,262 BTC with the realized funds.
Furthermore, the publicly traded pro-Bitcoin company will deliberate on aligning incentives for new directors with its Bitcoin strategy. MicroStrategy shareholders will vote on an amendment to the 2023 Equity Incentive Plan, which would automatically award equities to new board directors.
Notably, MicroStrategy’s Bitcoin playbook has gained traction, with public firms like Marathon Digital and Metaplanet adopting the strategy. Lawmakers in regions like Russia and the European Union are also considering storing their reserves in Bitcoin as the asset nears mainstream adoption.
#CryptoNewsCommunity
#RLUSD , the Ripple stablecoin, secures a listing on its first Singapore-based crypto exchange, Independent Reserve, as the platform grants its users access to the asset.
In the latest Ripple news today, The Ripple stablecoin, RLUSD, has officially launched on a major Asian exchange. Per a Tuesday announcement, Singapore users can now buy and use the stablecoin for pair trading and cross-border payments.
Independent Reserve announced it is the first Singapore exchange to bring the newly launched stablecoin to users in the region. The exchange noted that it allowed the use of RLUSD on its platform on December 22.
RLUSD Debuts in Singapore
Independent Reserve, which holds the position as the first licensed exchange in Singapore, noted that it offers the RLUSD stablecoin on its order book and over-the-counter (OTC) desk. This allows users to harness the asset’s full potential for trading and seamless cross-border payments.
Customers of Independent Reserve can buy and sell RLUSD on the order books using the Singapore dollar (SGD) or the US dollar (USD). The options allow users to acquire the XRPL-based stablecoin on the exchange conveniently.
Recall that Ripple confirmed that the stablecoin would debut on five exchanges initially, with planned support on additional exchanges like Independent Reserve later. Ripple’s CEO Brad Garlinghouse mentioned earlier that the Ripple stablecoin would later begin trading on Independent Reserve, Bullish, and Bitstamp.
#CryptoNewsCommunity
In the latest Ripple news today, The Ripple stablecoin, RLUSD, has officially launched on a major Asian exchange. Per a Tuesday announcement, Singapore users can now buy and use the stablecoin for pair trading and cross-border payments.
Independent Reserve announced it is the first Singapore exchange to bring the newly launched stablecoin to users in the region. The exchange noted that it allowed the use of RLUSD on its platform on December 22.
RLUSD Debuts in Singapore
Independent Reserve, which holds the position as the first licensed exchange in Singapore, noted that it offers the RLUSD stablecoin on its order book and over-the-counter (OTC) desk. This allows users to harness the asset’s full potential for trading and seamless cross-border payments.
Customers of Independent Reserve can buy and sell RLUSD on the order books using the Singapore dollar (SGD) or the US dollar (USD). The options allow users to acquire the XRPL-based stablecoin on the exchange conveniently.
Recall that Ripple confirmed that the stablecoin would debut on five exchanges initially, with planned support on additional exchanges like Independent Reserve later. Ripple’s CEO Brad Garlinghouse mentioned earlier that the Ripple stablecoin would later begin trading on Independent Reserve, Bullish, and Bitstamp.
#CryptoNewsCommunity
Recent speculation on X has ignited discussions about the possibility of Sam Bankman-Fried (SBF), the embattled #FTX founder, receiving an early pardon from the outgoing President Joe Biden.
The conversation gained traction when widely followed influencer Wall Street Mav tweeted, “The second-largest donor to the Democrats might receive an early pardon from President Biden,” referring to SBF.
Elon Musk Reacts
The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk.
In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue. “I will be shocked if this doesn’t happen,” he stated.
Musk’s comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust.
Notably, during the recent presidential election, Musk openly supported the opposition, led by Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration.
#CryptoNewsCommunity
The conversation gained traction when widely followed influencer Wall Street Mav tweeted, “The second-largest donor to the Democrats might receive an early pardon from President Biden,” referring to SBF.
Elon Musk Reacts
The tweet has garnered over 1.1 million views, attracting commentaries from various prominent figures like Elon Musk.
In response to the speculation, Musk remarked that the real surprise would be if the rumor were untrue. “I will be shocked if this doesn’t happen,” he stated.
Musk’s comment aligns with his skepticism toward the current administration. A vocal critic of several policies and decisions by the Biden administration, Musk has frequently expressed his distrust.
Notably, during the recent presidential election, Musk openly supported the opposition, led by Donald Trump, who ultimately secured the presidency. Trump will take office next month, promising significant policy shifts from the outgoing administration.
#CryptoNewsCommunity
#Cardano founder Charles Hoskinson insists Cardano shares a similarity with XRP and the pioneering blockchain network Bitcoin.
Bitcoin, Cardano, and the XRP Ledger are undoubtedly among the leading Layer 1 blockchains in crypto, but beyond that, it can be hard to discern similarities between the three projects. Recently, however, Cardano founder Charles Hoskinson suggested that there is at least one.
Bright Futures
Charles Hoskinson has asserted that Bitcoin, Cardano, and XRP have bright futures. The Cardano founder expressed this view in a Sunday, December 22 broadcast, contending that the ecosystems around these blockchains are strong because they have overcome several hurdles and challenges.
He stressed that projects that got big without being tested often collapse when they face these tests, citing Terra (LUNA) and FTX as prime examples.
Hoskinson’s statements in the Sunday broadcast came as he addressed infighting in the Cardano community between Input Output Hong Kong, the primary development firm behind the network, and the Cardano Foundation, a Swiss-based nonprofit tasked with promoting widespread adoption of the blockchain, that has recently come to the fore as the network pursues community governance.
During the recent broadcast, he described the public quarrels as a “necessary evil” and an integral part of any transparent, decentralized process, especially when the community has not had the chance to interact like this in years.
However, he contended that squabbles like these are often followed by progress as people find common ground and set basic principles. He stressed that Cardano’s ability to handle hurdles like these is what made it strong.
Responding directly to sentiments from influential community member Rick McCracken, he dismissed claims that recent squabbles could affect Cardano’s ability to enter and maintain external partnerships.
#CryptoNewsCommunity
Bitcoin, Cardano, and the XRP Ledger are undoubtedly among the leading Layer 1 blockchains in crypto, but beyond that, it can be hard to discern similarities between the three projects. Recently, however, Cardano founder Charles Hoskinson suggested that there is at least one.
Bright Futures
Charles Hoskinson has asserted that Bitcoin, Cardano, and XRP have bright futures. The Cardano founder expressed this view in a Sunday, December 22 broadcast, contending that the ecosystems around these blockchains are strong because they have overcome several hurdles and challenges.
He stressed that projects that got big without being tested often collapse when they face these tests, citing Terra (LUNA) and FTX as prime examples.
Hoskinson’s statements in the Sunday broadcast came as he addressed infighting in the Cardano community between Input Output Hong Kong, the primary development firm behind the network, and the Cardano Foundation, a Swiss-based nonprofit tasked with promoting widespread adoption of the blockchain, that has recently come to the fore as the network pursues community governance.
During the recent broadcast, he described the public quarrels as a “necessary evil” and an integral part of any transparent, decentralized process, especially when the community has not had the chance to interact like this in years.
However, he contended that squabbles like these are often followed by progress as people find common ground and set basic principles. He stressed that Cardano’s ability to handle hurdles like these is what made it strong.
Responding directly to sentiments from influential community member Rick McCracken, he dismissed claims that recent squabbles could affect Cardano’s ability to enter and maintain external partnerships.
#CryptoNewsCommunity
"Cardano Comeback: $1 Milestone in Focus as Recovery Gains Momentum After Weekend Dip"
With the #Cardano price trend turning bearish over the past week, will buyers defend the $0.90 level for a potential recovery in the days ahead?
Read more on: https://thecryptobasic.com/2024/12/23/cardano-price-analysis-will-ada-reclaim-1-after-a-bearish-weekend/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2024/12/23/cardano-price-analysis-will-ada-reclaim-1-after-a-bearish-weekend/
#CryptoNewsCommunity
🎉 Announcing the Launch of the WEMIX PLAY Webshop
We are excited to share the launch of the WEMIX PLAY Webshop—a new platform designed to elevate your gaming experience. To mark this milestone, we’ve curated a series of exclusive events and rewards for our community.
Here’s what to look forward to:
1️⃣ PLAY Token Reward Waves
A total of 25,000 PLAY Tokens will be distributed to:
Early Birds: The first 200 users to exchange PLAY Tokens receive 50 tokens each.
Top Spenders: The top 10 spenders earn 500 tokens each.
Lucky Shoppers: 200 randomly selected participants win 50 tokens each.
2️⃣ Zero Gas Events
Gas fees are waived for purchasing PLAY Tokens on PNIX DEX and exchanging them for EXDRA1.
3️⃣ Exclusive Bonuses with EXDRA1
Earn additional EXDRA1 tokens through the MIR4 Webshop based on your spending.
Event Timeline:
🗓️ December 19, 2024 – January 1, 2025 (UTC+0).
🎁 Rewards Distribution: January 16, 2025 (UTC+9).
This is your opportunity to unlock exclusive in-game items, enjoy zero gas fees, and maximize your rewards as we celebrate this exciting launch together.
🔗 Discover More at the WEMIX PLAY Webshop
• WEMIX PLAY Webshop - MIR4 : https://wemixplay.com/webshop/m4gl
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
We are excited to share the launch of the WEMIX PLAY Webshop—a new platform designed to elevate your gaming experience. To mark this milestone, we’ve curated a series of exclusive events and rewards for our community.
Here’s what to look forward to:
1️⃣ PLAY Token Reward Waves
A total of 25,000 PLAY Tokens will be distributed to:
Early Birds: The first 200 users to exchange PLAY Tokens receive 50 tokens each.
Top Spenders: The top 10 spenders earn 500 tokens each.
Lucky Shoppers: 200 randomly selected participants win 50 tokens each.
2️⃣ Zero Gas Events
Gas fees are waived for purchasing PLAY Tokens on PNIX DEX and exchanging them for EXDRA1.
3️⃣ Exclusive Bonuses with EXDRA1
Earn additional EXDRA1 tokens through the MIR4 Webshop based on your spending.
Event Timeline:
🗓️ December 19, 2024 – January 1, 2025 (UTC+0).
🎁 Rewards Distribution: January 16, 2025 (UTC+9).
This is your opportunity to unlock exclusive in-game items, enjoy zero gas fees, and maximize your rewards as we celebrate this exciting launch together.
🔗 Discover More at the WEMIX PLAY Webshop
• WEMIX PLAY Webshop - MIR4 : https://wemixplay.com/webshop/m4gl
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
WEMIX PLAY Webshop: Your All-in-One Hub for Gaming Commerce
The gaming world is changing, and WEMIX PLAY Webshop is leading the charge.
This innovative platform offers a seamless and efficient way to buy and exchange in-game items for top games like MIR4 and NIGHT CROWS.
Here’s what sets it apart:
1️⃣ Item Shop: Access exclusive, limited-time, and curated in-game packages.
2️⃣ PLAY Token Shop: Redeem premium items with PLAY Tokens for a personalized experience.
But there’s more.
With WEMIX PAY, you can:
✅ Enjoy faster transactions using WEMIX Coins.
✅ Earn Mileage Points with every purchase, making each transaction even more rewarding.
📌 Launch Event Highlights:
25,000 PLAY Tokens up for grabs.
Zero gas fees on select transactions.
Bonuses for using EXDRA1 in your purchases.
🎮 The WEMIX PLAY Webshop centralizes all your gaming commerce needs, making it simple, efficient, and rewarding.
WEMIX PLAY Webshop Homepage: https://wemixplay.com/webshop/ncgl
■ Visit the WEMIX PLAY Webshop Open Event
• WEMIX PLAY : https://wemixplay.com/
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Webshop: The Adventure Begins Soon : https://www.wemix.com/communication/wemix-play-webshop-the-adventure-begins-soon-caf40d379785
• WEMIX PAY and Webshop - Now Live! : https://www.wemix.com/communication/wemix-pay-and-webshop%E2%80%94-now-live-a47cf76267c4
• WEMIX PLAY Event Line-ups : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
The gaming world is changing, and WEMIX PLAY Webshop is leading the charge.
This innovative platform offers a seamless and efficient way to buy and exchange in-game items for top games like MIR4 and NIGHT CROWS.
Here’s what sets it apart:
1️⃣ Item Shop: Access exclusive, limited-time, and curated in-game packages.
2️⃣ PLAY Token Shop: Redeem premium items with PLAY Tokens for a personalized experience.
But there’s more.
With WEMIX PAY, you can:
✅ Enjoy faster transactions using WEMIX Coins.
✅ Earn Mileage Points with every purchase, making each transaction even more rewarding.
📌 Launch Event Highlights:
25,000 PLAY Tokens up for grabs.
Zero gas fees on select transactions.
Bonuses for using EXDRA1 in your purchases.
🎮 The WEMIX PLAY Webshop centralizes all your gaming commerce needs, making it simple, efficient, and rewarding.
WEMIX PLAY Webshop Homepage: https://wemixplay.com/webshop/ncgl
■ Visit the WEMIX PLAY Webshop Open Event
• WEMIX PLAY : https://wemixplay.com/
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Webshop: The Adventure Begins Soon : https://www.wemix.com/communication/wemix-play-webshop-the-adventure-begins-soon-caf40d379785
• WEMIX PAY and Webshop - Now Live! : https://www.wemix.com/communication/wemix-pay-and-webshop%E2%80%94-now-live-a47cf76267c4
• WEMIX PLAY Event Line-ups : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
There is a silent performer among the up and coming Crypto's
$HIVE is up by 53% and what could be the reason?
Summary of $HIVE :
Hive (HIVE) is a decentralized blockchain and cryptocurrency designed for scalability, speed, and community-driven development. It enables fast and fee-less transactions, making it ideal for applications like social media, gaming, and content platforms. Hive operates on a Delegated Proof of Stake (DPoS) consensus mechanism, allowing stakeholders to vote for block producers and actively participate in governance.
The Hive ecosystem supports decentralized applications (dApps) and smart contracts, fostering innovation and creativity. Its dual-token system comprises HIVE, the liquid cryptocurrency, and Hive Power (HP), which grants users influence in the network. Since its 2020 launch, Hive has prioritized decentralization and community ownership, attracting developers, investors, and creators seeking to build or monetize within a secure and efficient blockchain framework.
Share your thoughts and follow for more daily contents on different Crypto.
Click on the attached Hive chart to know more about $HIVE
#MarketCorrectionBuyOrHODL? #cryptotipshop #CryptoNewsCommunity
$HIVE is up by 53% and what could be the reason?
Summary of $HIVE :
Hive (HIVE) is a decentralized blockchain and cryptocurrency designed for scalability, speed, and community-driven development. It enables fast and fee-less transactions, making it ideal for applications like social media, gaming, and content platforms. Hive operates on a Delegated Proof of Stake (DPoS) consensus mechanism, allowing stakeholders to vote for block producers and actively participate in governance.
The Hive ecosystem supports decentralized applications (dApps) and smart contracts, fostering innovation and creativity. Its dual-token system comprises HIVE, the liquid cryptocurrency, and Hive Power (HP), which grants users influence in the network. Since its 2020 launch, Hive has prioritized decentralization and community ownership, attracting developers, investors, and creators seeking to build or monetize within a secure and efficient blockchain framework.
Share your thoughts and follow for more daily contents on different Crypto.
Click on the attached Hive chart to know more about $HIVE
#MarketCorrectionBuyOrHODL? #cryptotipshop #CryptoNewsCommunity
Justin Sun Allegedly Requested the Removal of "Most Expensive Banana" Article
Justin Sun and the CoinDesk Article Dispute
Justin Sun's team reportedly reached out to Bullish, the owner of CoinDesk, requesting the removal of an article describing the incident where Sun ate the world's most expensive banana. The article, published in late November, detailed how Sun consumed an art piece by Maurizio Cattelan valued at $6.2 million.
Request to Remove the Article
According to a report by Fortune on December 18, Sun's team disagreed with the tone of the article and asked Bullish, which acquired CoinDesk for $75 million, to have it removed. The article was titled:
“I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.”
Sun’s team found the content inappropriate and contacted Bullish to demand its removal.
Resistance from CoinDesk
The CoinDesk editorial team opposed the removal of the article. During an internal meeting, they demanded that the piece be reinstated with an editor’s note. However, the article is no longer available on the CoinDesk website, though it remains accessible on Yahoo News.
Previous Legal Disputes and CoinDesk's Independence
The article noted that Sun’s legal team had previously threatened legal action against media outlets linking the Tron blockchain to illegal activities. Interestingly, Tron is one of the primary sponsors of the CoinDesk Consensus conference series, raising questions about editorial independence.
Bullish and Leadership Changes at CoinDesk
According to the report, Bullish CEO Tom Farley, CoinDesk Editor-in-Chief Kevin Reynolds, and Justin Sun’s spokesperson all declined to comment on Fortune's findings. Additional sources stated that Matt Murray, Chairman of the CoinDesk Editorial Board, resigned on December 16 but did not respond to requests for comment.
In 2023, Bullish acquired CoinDesk from Digital Currency Group. This acquisition sparked concerns about the potential impact on the platform’s editorial independence. Following the acquisition, former Wall Street Journal Editor-in-Chief Matt Murray was appointed Chairman of the CoinDesk Editorial Board.
Conclusion
The dispute between Sun’s team and CoinDesk highlights tensions between media independence and commercial interests. The request to remove the article has raised concerns about press freedom and emphasized the importance of transparency in the relationship between media platforms and their owners.
#JustinSun , #TRON✅ , #BANANA , #CryptoNewss , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Justin Sun's team reportedly reached out to Bullish, the owner of CoinDesk, requesting the removal of an article describing the incident where Sun ate the world's most expensive banana. The article, published in late November, detailed how Sun consumed an art piece by Maurizio Cattelan valued at $6.2 million.
Request to Remove the Article
According to a report by Fortune on December 18, Sun's team disagreed with the tone of the article and asked Bullish, which acquired CoinDesk for $75 million, to have it removed. The article was titled:
“I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.”
Sun’s team found the content inappropriate and contacted Bullish to demand its removal.
Resistance from CoinDesk
The CoinDesk editorial team opposed the removal of the article. During an internal meeting, they demanded that the piece be reinstated with an editor’s note. However, the article is no longer available on the CoinDesk website, though it remains accessible on Yahoo News.
Previous Legal Disputes and CoinDesk's Independence
The article noted that Sun’s legal team had previously threatened legal action against media outlets linking the Tron blockchain to illegal activities. Interestingly, Tron is one of the primary sponsors of the CoinDesk Consensus conference series, raising questions about editorial independence.
Bullish and Leadership Changes at CoinDesk
According to the report, Bullish CEO Tom Farley, CoinDesk Editor-in-Chief Kevin Reynolds, and Justin Sun’s spokesperson all declined to comment on Fortune's findings. Additional sources stated that Matt Murray, Chairman of the CoinDesk Editorial Board, resigned on December 16 but did not respond to requests for comment.
In 2023, Bullish acquired CoinDesk from Digital Currency Group. This acquisition sparked concerns about the potential impact on the platform’s editorial independence. Following the acquisition, former Wall Street Journal Editor-in-Chief Matt Murray was appointed Chairman of the CoinDesk Editorial Board.
Conclusion
The dispute between Sun’s team and CoinDesk highlights tensions between media independence and commercial interests. The request to remove the article has raised concerns about press freedom and emphasized the importance of transparency in the relationship between media platforms and their owners.
#JustinSun , #TRON✅ , #BANANA , #CryptoNewss , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Over the past 24 hours, the crypto market has experienced significant turbulence, with the slump in #Bitcoin price triggering a crash for altcoins like XRP.
After recently rallying to new highs above the $108,000 price point, Bitcoin (BTC) saw a sharp decline to below the $100,000 price point, dragging leading altcoins such as XRP down with it. The sharp and largely unexpected decline has left the market grasping for answers.
Hawkish Fed to Blame?
In the last 24 hours, BTC dropped as much as 7.2% from highs of over $106,500 to lows around the $98,800 price point on Binance.
Moving in lockstep with the market leader, Ethereum (ETH) recorded an over 9% decline from around the $3,900 price point to just above $3,500. Similarly, XRP tanked 19% from near the $2.6 price point to about $2.2.
At the same time, Solana (SOL) slid by nearly 12% from about $226 to just below the $200 price point. Notably, these declines have led to over $800 million in market liquidations, per CoinGlass data at the time of writing.
As several analysts have highlighted, the crypto market’s decline on Wednesday, December 18, appears to be linked to Federal Reserve Chair Jerome Powell’s speech following the December 2024 Federal Open Market Committee (FOMC) meeting.
While the Fed cut rates by 25 basis points to the 4.25-4.5% as expected, Powell rattled the markets with statements suggesting that the apex bank’s fight with inflation was far from over and interest rates were now likely to remain higher for longer.
Powell disclosed that the most recent 25 bps rate cut was a “closer call” against market expectations heading into the FOMC that it was a certainty.
The Fed now expects to see inflation at 2.5% in 2025, up 0.4% from its initial 2.1% projection in September 2024 and much higher than its 2% target.
#CryptoNewsCommunity
After recently rallying to new highs above the $108,000 price point, Bitcoin (BTC) saw a sharp decline to below the $100,000 price point, dragging leading altcoins such as XRP down with it. The sharp and largely unexpected decline has left the market grasping for answers.
Hawkish Fed to Blame?
In the last 24 hours, BTC dropped as much as 7.2% from highs of over $106,500 to lows around the $98,800 price point on Binance.
Moving in lockstep with the market leader, Ethereum (ETH) recorded an over 9% decline from around the $3,900 price point to just above $3,500. Similarly, XRP tanked 19% from near the $2.6 price point to about $2.2.
At the same time, Solana (SOL) slid by nearly 12% from about $226 to just below the $200 price point. Notably, these declines have led to over $800 million in market liquidations, per CoinGlass data at the time of writing.
As several analysts have highlighted, the crypto market’s decline on Wednesday, December 18, appears to be linked to Federal Reserve Chair Jerome Powell’s speech following the December 2024 Federal Open Market Committee (FOMC) meeting.
While the Fed cut rates by 25 basis points to the 4.25-4.5% as expected, Powell rattled the markets with statements suggesting that the apex bank’s fight with inflation was far from over and interest rates were now likely to remain higher for longer.
Powell disclosed that the most recent 25 bps rate cut was a “closer call” against market expectations heading into the FOMC that it was a certainty.
The Fed now expects to see inflation at 2.5% in 2025, up 0.4% from its initial 2.1% projection in September 2024 and much higher than its 2% target.
#CryptoNewsCommunity
"Lobbyist Currency of 2025"? WallStreetBets Founder Backs Cardano’s Rise"
The founder of WallStreetBets, a prominent market-focused subreddit, believes #Cardano will become the “official lobbyist currency” in 2025.
Read more on: https://thecryptobasic.com/2024/12/19/wallstreetbets-founder-tips-cardano-to-become-official-lobbyist-currency-in-2025/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2024/12/19/wallstreetbets-founder-tips-cardano-to-become-official-lobbyist-currency-in-2025/
#CryptoNewsCommunity
Trending Cryptocurrencies on 𝕏 last 24h🔥🔥
$MOVE
$USUAL
#FARTCOIN
$BRISE
#VIRTUAL
$BGB
$TURBO
$ENA
$KOMA
$WISE
#CryptoNewsCommunity #CryptocurrencyCulture #CryptoNewss #Trending
$MOVE
$USUAL
#FARTCOIN
$BRISE
#VIRTUAL
$BGB
$TURBO
$ENA
$KOMA
$WISE
#CryptoNewsCommunity #CryptocurrencyCulture #CryptoNewss #Trending
🚀 The WEMIX PLAY Webshop is Here! Join the Launch Celebration
The launch of the WEMIX PLAY Webshop is packed with perks, rewards, and exclusive events:
1️⃣ PLAY Token Rewards – 25,000 PLAY Tokens are ready for distribution:
Be an Early Bird: First 200 users receive 50 PLAY Tokens.
Top Spenders shine: Top 10 spenders earn 500 PLAY Tokens each.
Random WEMIX PAY Shoppers win: 200 lucky buyers get 50 PLAY Tokens.
2️⃣ Zero Gas Events – Say goodbye to gas fees during the event for:
Buying PLAY Tokens on PNIX DEX.
Exchanging PLAY Tokens for EXDRA1.
3️⃣ EXDRA1 Shopping Bonuses – Earn extra rewards in the MIR4 Webshop based on your total spend.
$50–$99.99: 5 EXDRA1 tokens
$500–$999.99: 50 EXDRA1 tokens
$2,000+: 200 EXDRA1 tokens
🗓️ Event Period: Dec 19, 2024 – Jan 1, 2025.
🎁 Rewards arrive Jan 16, 2025 (UTC+9).
Dive into this milestone celebration to maximize your gaming experience!
🌐 Visit the Webshop Now
• WEMIX PLAY Webshop - MIR4 : https://wemixplay.com/webshop/m4gl
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
The launch of the WEMIX PLAY Webshop is packed with perks, rewards, and exclusive events:
1️⃣ PLAY Token Rewards – 25,000 PLAY Tokens are ready for distribution:
Be an Early Bird: First 200 users receive 50 PLAY Tokens.
Top Spenders shine: Top 10 spenders earn 500 PLAY Tokens each.
Random WEMIX PAY Shoppers win: 200 lucky buyers get 50 PLAY Tokens.
2️⃣ Zero Gas Events – Say goodbye to gas fees during the event for:
Buying PLAY Tokens on PNIX DEX.
Exchanging PLAY Tokens for EXDRA1.
3️⃣ EXDRA1 Shopping Bonuses – Earn extra rewards in the MIR4 Webshop based on your total spend.
$50–$99.99: 5 EXDRA1 tokens
$500–$999.99: 50 EXDRA1 tokens
$2,000+: 200 EXDRA1 tokens
🗓️ Event Period: Dec 19, 2024 – Jan 1, 2025.
🎁 Rewards arrive Jan 16, 2025 (UTC+9).
Dive into this milestone celebration to maximize your gaming experience!
🌐 Visit the Webshop Now
• WEMIX PLAY Webshop - MIR4 : https://wemixplay.com/webshop/m4gl
• WEMIX PLAY Webshop - NIGHT CROWS : https://wemixplay.com/webshop/ncgl
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
🚨 Game-Changing News for Blockchain Payments 🚨
Introducing WEMIX PAY, the revolutionary payment system transforming the WEMIX PLAY ecosystem.
Here’s why this matters:
💎 Dual Payment Support: Use WEMIX Coin now; fiat coming soon.
💎 Lower Fees: Developers and users benefit from reduced costs.
💎 Exclusive Rewards: Earn WEMIX PLAY Mileage, exchangeable for premium in-game items.
💎 Webshop Access: Buy assets for top games like MIR4 and NIGHT CROWS.
🎉 Launch Promo: From Dec 19, 2024 – Jan 1, 2025, earn 0.10 Mileage for every $1 spent with WEMIX Coins.
WEMIX PAY isn’t just about payments. It’s about redefining how we engage with Web3 gaming.
👉 Dive in:
• WEMIX PAY Guide : https://wemadetree.gitbook.io/wemix-pay
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
Introducing WEMIX PAY, the revolutionary payment system transforming the WEMIX PLAY ecosystem.
Here’s why this matters:
💎 Dual Payment Support: Use WEMIX Coin now; fiat coming soon.
💎 Lower Fees: Developers and users benefit from reduced costs.
💎 Exclusive Rewards: Earn WEMIX PLAY Mileage, exchangeable for premium in-game items.
💎 Webshop Access: Buy assets for top games like MIR4 and NIGHT CROWS.
🎉 Launch Promo: From Dec 19, 2024 – Jan 1, 2025, earn 0.10 Mileage for every $1 spent with WEMIX Coins.
WEMIX PAY isn’t just about payments. It’s about redefining how we engage with Web3 gaming.
👉 Dive in:
• WEMIX PAY Guide : https://wemadetree.gitbook.io/wemix-pay
• WEMIX PLAY Event Line-Up : https://wemadetree.gitbook.io/wemix-play-event
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
🚨𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐜𝐥𝐢𝐧𝐞🔥🚨
If the latest cryptocurrency downturn has left you worried, take a moment to assess the situation calmly. What we’re witnessing is a textbook example of the Wyckoff Accumulation Phase, a well-documented market cycle. During this phase, seasoned investors—often called “whales”—strategically acquire assets from panicked retail traders who sell in fear, believing the decline is irreversible. Eventually, these seasoned players sell those same assets at significantly higher prices, securing substantial gains.
How This Market Cycle Unfolds🎯
The process follows a predictable pattern:
1. Sharp Decline and Rebound: A sudden price drop occurs, which is quickly followed by a minor recovery.
2. Deeper Correction: A more significant dip follows, eroding market confidence even further.
3. Gradual Decline: Prices continue to decline steadily, often forming what analysts term a "triple bottom."
At this point, many investors—who were once optimistic about the market's potential—succumb to fear and sell at a loss, believing the situation will worsen. Ironically, this is when the market typically reverses course, often rallying to new highs.
The Psychology of Market Cycles🚀
This pattern is not accidental but rather a deliberate mechanism designed to test traders’ resilience. Large players exploit fear and uncertainty, knowing that inexperienced traders will exit prematurely. For those who remain patient and avoid emotional decision-making, this phase often presents a unique opportunity to capitalize on the eventual recovery.
Stay Calm and Focused🛑
The key to navigating these market cycles is maintaining composure and focusing on long-term goals. Selling out of fear often results in missed opportunities when the market rebounds. Stay informed, avoid panic-driven decisions, and trust the cyclical nature of the market. Remember, patience and strategy are your greatest assets in times of volatility.
#CryptoMarketDecline #CryptoNewsCommunity #USUALSpotPrediction #
How This Market Cycle Unfolds🎯
The process follows a predictable pattern:
1. Sharp Decline and Rebound: A sudden price drop occurs, which is quickly followed by a minor recovery.
2. Deeper Correction: A more significant dip follows, eroding market confidence even further.
3. Gradual Decline: Prices continue to decline steadily, often forming what analysts term a "triple bottom."
At this point, many investors—who were once optimistic about the market's potential—succumb to fear and sell at a loss, believing the situation will worsen. Ironically, this is when the market typically reverses course, often rallying to new highs.
The Psychology of Market Cycles🚀
This pattern is not accidental but rather a deliberate mechanism designed to test traders’ resilience. Large players exploit fear and uncertainty, knowing that inexperienced traders will exit prematurely. For those who remain patient and avoid emotional decision-making, this phase often presents a unique opportunity to capitalize on the eventual recovery.
Stay Calm and Focused🛑
The key to navigating these market cycles is maintaining composure and focusing on long-term goals. Selling out of fear often results in missed opportunities when the market rebounds. Stay informed, avoid panic-driven decisions, and trust the cyclical nature of the market. Remember, patience and strategy are your greatest assets in times of volatility.
#CryptoMarketDecline #CryptoNewsCommunity #USUALSpotPrediction #
KriptoKrisp:
Alternatives
🇺🇸 NEW: 💰 MARA acquired 15,574 $BTC for $1.53 billion, at an average price of $98,529 per Bitcoin.
#CryptoNewss #CryptoNewsCommunity #BTC☀ #Bitcoin❗
#CryptoNewss #CryptoNewsCommunity #BTC☀ #Bitcoin❗
#2024withBinance
A Thrilling Journey with the Binance Community!
As I look back on our incredible journey together, I'm filled with gratitude and excitement. With over 700 days and 28,000 views on 17 articles, our bond has grown stronger with each passing day!
To our new friends joining the Binance family in 2025, I extend a warm welcome! May your crypto journey be filled with success, learning, and joy. Remember to stay vigilant and prioritize security:
Stay safe from scammers!
Never scam others!
Let's continue to thrive together in the Binance ecosystem! Here's to an amazing 2025 and beyond! #BTCNewATH #CryptoNewsCommunity #2024withBinance
A Thrilling Journey with the Binance Community!
As I look back on our incredible journey together, I'm filled with gratitude and excitement. With over 700 days and 28,000 views on 17 articles, our bond has grown stronger with each passing day!
To our new friends joining the Binance family in 2025, I extend a warm welcome! May your crypto journey be filled with success, learning, and joy. Remember to stay vigilant and prioritize security:
Stay safe from scammers!
Never scam others!
Let's continue to thrive together in the Binance ecosystem! Here's to an amazing 2025 and beyond! #BTCNewATH #CryptoNewsCommunity #2024withBinance
$1000CAT
BUY BUY BUY. . . 💯💯💯
This time to buy this coin . . . ↗️↗️↗️ also $DOGE & $PEPE.
but if you buy this coin wait for maximum 20 days to one month. . . 🚀🚀🚀
in this month they was going 0.07000 plus. . . ❤
#100CATUSDT
#CryptoNewsCommunity
#BinanceAlphaTop5
BUY BUY BUY. . . 💯💯💯
This time to buy this coin . . . ↗️↗️↗️ also $DOGE & $PEPE.
but if you buy this coin wait for maximum 20 days to one month. . . 🚀🚀🚀
in this month they was going 0.07000 plus. . . ❤
#100CATUSDT
#CryptoNewsCommunity
#BinanceAlphaTop5
"Shiba Inu Shows Strength: Analyst Highlights Path to $0.000070 Breakthrough"
While #shiba⚡ Inu (SHIB) price actions continue to underwhelm holders, technical indicators suggest that a bullish trend is forming, with promising prospects.
Read more on: https://thecryptobasic.com/2024/12/18/analyst-identifies-promising-signs-for-shiba-inu-to-surge-to-0-000070-soon/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2024/12/18/analyst-identifies-promising-signs-for-shiba-inu-to-surge-to-0-000070-soon/
#CryptoNewsCommunity
Shiba7306:
$ уже совсем скоро будет дамы и господа