Türkiye tightens control over cryptocurrencies with strict laws
Turkey has imposed a law requiring identification data for crypto transactions over $425, with a penalty of up to 25 years in prison for money laundering. Despite the controversy, the Turkish market is experiencing significant growth and increased investor confidence, boosting its global standing.
Shiba Inu Metaverse: A New Blockchain-Powered Virtual World
The Shiba Inu Metaverse was launched as an innovative platform that allows users to purchase digital land, create avatars, and host events, all within a virtual world powered by Shibarium technology, promoting creativity and digital ownership.
Montenegro rejects Du Quan's appeal: Possible extradition to the US The Constitutional Court has rejected Du Quan's appeal regarding his extradition. The final decision rests with Justice Minister Bojan Bozovic, who is likely to be extradited to the US. His legal team is preparing new measures to prevent the extradition.
Russia bets on Bitcoin to bypass sanctions New law allows cryptocurrencies in international trade with China, Turkey. Russian companies start settling deals via Bitcoin. Putin backs digital ruble, discusses mining regulation to avoid energy crisis. Domestic use of cryptocurrencies remains banned over fraud concerns. #ReboundRally
PENGU surges 602% on Bithumb and Airdrop listing PENGU price surges 602% in a month, boosted by Bithumb listing, pushing market cap to $2.2 billion. NFT sales jump 40%, with whale activity and investor support on the rise. Aims at $0.04 as key resistance.
2025 Outlook: Will the Fed Raise Rates? Current inflation at 2.7% increases the odds of a rate hike. The Fed has previously cut rates to 4.25%-4.5%, but persistent inflation poses a challenge. The strength of the US economy supports experts’ forecasts of a 40% chance of a rate hike in 2025. The 2% inflation target could make further cuts difficult without a significant slowdown. #MarketCorrectionBuyOrHODL
Ripple RLUSD enters major Singapore exchange to support liquidity and cross-border payments RLUSD token listed on Independent Reserve for SGD/USD pairs. Ripple’s partnership with IR aims to boost liquidity and cross-border payment solutions. XRP surges 2% to $2.23 reflecting strong market for the coin. The coin’s launch marks a major milestone for Ripple in the Asian market. #MarketRebound $XRP
XRP is trading near a crucial support level at $2.15, amidst $407 million in outflows over the past six days, indicating potential accumulation and bullish momentum.
Possible Scenarios: If the price breaks the support level and closes below it, it could drop to $1.95 by -15%. If it holds at $2.15, it could rally to $2.75 by +25%.
Current Status: XRP is trading at $2.20 with a 5% decrease in volume, reflecting a state of anticipation and relative calm in the market.
ADA is poised for a 30% surge, but with conditions Cardano (ADA) is facing resistance at $1, and could rise to $1.25 if this level is broken. However, if it drops to $0.85, it could see support at $0.72.
ADA is poised for a 30% surge, but with conditions Cardano (ADA) is facing resistance at $1, and could rise to $1.25 if this level is broken. However, if it drops to $0.85, it could see support at $0.72.
🚀 New Project on Binance Launchpool: BIO Protocol 💡
Binance announced the 63rd project on Launchpool, BIO Protocol, an initiative in the field of DeSci (Decentralized Science). The project aims to accelerate the financing and development of scientific intellectual property using blockchain technology.
💥 How to participate: Users can reserve BNB and FDUSD tokens to receive $BIO for free.
Reservation period: Starts from December 24, 2024 at 3:00 AM Mecca time for 10 days.
💥 Distribution details: 9% of the total supply (99,600,000 BIO) will be allocated to participants via Binance Launchpool.
A unique opportunity to enter the world of DeSci and explore new technologies in science and decentralized finance! #ChristmasMarketAnalysis $BTC
Current Support: $92,000 Current Resistance: $94,200
The trend is bearish based on technical indicators. If the support is broken, the price may drop to $91,000. If the price bounces off the support, it may face strong resistance at $94,200.
Can HMSTR Reach $0.01 by 2025? Hamster Kombat S2 Holds Hope • Challenges: Players drop from 300 million to 27 million with negative market sentiment. • Opportunity: The launch of Hamster Kombat S2 and HamsterVerse could bring back momentum to the token. • Current price: HMSTR is at $0.0026, needs to rise by more than 73% to reach the target.