BIO Protocol (BIO) enables scientists, patients, and investors to jointly fund, develop, and own medicines and treatments through the BioDAO network.
Binance Labs recently announced that it has invested in BIO Protocol (BIO), a pioneering protocol that is transforming the way early-stage scientific research is funded and commercialized using blockchain technology. The investment represents Binance Labsâ first foray into the Decentralized Science (DeSci) sector and holds promise for the future of the sector.
So What Does BIO Protocol Promise?
BIO can be thought of as a Y Combinator for on-chain Science. The platform enables a global community of scientists, patients, and investors to collectively fund, develop, and co-own new medicines and treatments through a network of Biotechnology Decentralized Autonomous Organizations (BioDAOs).
The protocolâs innovative approach addresses critical gaps in traditional scientific funding, particularly in areas such as rare diseases, longevity research, and emerging health issues.
BIOâs network currently consists of seven BioDAOs focused on diverse areas such as cryopreservation, womenâs health, and psychedelics for mental health.
The next batch of the protocol includes projects that accelerate a cure for COVID and rare diseases and develop quantum microscopes to observe quantum biological phenomena, further expanding the reach and impact of community-driven science.
This new funding will support the expansion of the BioDAO ecosystem, providing seed funding for new BioDAOs and strengthening the network of service providers that provide them with community and token economy support.
At just 24 years old, Eric Finman is the worldâs youngest crypto millionaire.
Ericâs incredible journey began when he was just 12 years old. His grandmother gave him $1,000 to put aside for college, but instead he delved into the world of cryptocurrency investment. Over time, it became clear that he made the right choice. At 19, he had 403 BTC, which at the time was worth $2.8 million. Known as the worldâs youngest crypto millionaire, Eric Finman would now have a significant fortune if he hadnât sold his Bitcoins.
@Ethereum Trumpâs World Liberty buys 759 ETH amid price dip
World Liberty, the crypto project backed by the Donald Trump family, has bought the dip with another $2.5 million spent on Ethereum.
Data from Arkham Intelligence showed that World Liberty doubled down on its Ethereum bet as the altcoin fell alongside Bitcoin and other crypto assets.
The project, which has recently acquired multiple cryptocurrencies to bolster its decentralized finance offerings, used $2.5 million in the stablecoin USDC to purchase 759.36 ETH. Arkham data indicated the transaction was completed via intent-based trading platform Cow Protocol, with an average purchase price of $3,651 per ETH.
ETH price decline
World Liberty capitalized on the latest crypto dip to expand its altcoin portfolio. With Bitcoin dipping to under $93k on Dec. 20, Ethereum and most other cryptocurrencies followed suit. ETH dropped to approximately $3,100, experiencing a significant decline amid a broader crypto market sell-off
This decline saw World Libertyâs recently acquired crypto suffering notable declines. According to smart money account Lookonchain, the Trump family projectâs total loss amid the crash reached $6.15 million. Its ETH holdings saw the biggest loss with $4.86 million at the time.
Currently, World Liberty Financial holds approximately 16,400 ETH, valued at $53.73 million. In total, Arkham data shows the projectâs crypto holdings are worth over $73.9 million.
@Ripple Network Rippleâs Momentum Signals New Highs: Is XRPâs Next Big Break Near
XRP surged 5% despite a âdeath cross,â signaling potential for a major breakout.
Whales have accumulated over 80 million XRP since December 17, showing strong confidence.
A breakout past $2.73 could lead to new highs, targeting XRPâs all-time record.
Ripple (XRP) has captured attention with a surge of 5% in 24 hours. This rally comes despite the âdeath cross,â a signal often viewed as bearish. Historical data and recent whale activity suggest even bigger moves ahead. With a history of dramatic gains, XRP might be on the verge of breaking past old records. Could this be the long-awaited rise traders have been waiting for?
XRP bounced back from lows of $1.95 to reach $2.38, showing unexpected strength. The broader crypto market also saw recovery after a sell-off earlier this week. Inflation data released on Friday calmed concerns, helping markets regain momentum
Whale activity added fuel to XRPâs rally. Large holders transferred nearly 100 million XRP, worth over $220 million, during the dip. Crypto analyst Ali Martinez reported whales purchasing 80 million XRP since December 17. This buying spree reflects confidence in XRPâs potential
Technically, XRP faces resistance at $2.72. A break above this level could lead to significant gains. If the price drops below $1.90, however, XRP might fall toward $1.59. Analysts expect price movement between $1.90 and $2.72 before a decisive breakout.
The XRP Ledger continues to innovate. The Multi-Purpose Token (MPT) standard recently passed a detailed audit without critical issues. This success strengthens the platformâs security and credibility, attracting developers and institutions.
A breakout past $2.73 could spark a rally toward the previous all-time high of $3.31. Historical trends suggest even higher targets may follow. Recent whale activity and technical progress hint at a bright future for Ripple.
đĽUS state proposes bill to create strategic Bitcoin reserve
The Texas House of Representatives has introduced a bill to create a strategic Bitcoin reserve. It is thought that this proposal could create a testing ground for the US Treasury Department. Republican state Rep. Giovanni Capriglione announced this bill that would allow the state of Texas to start accepting taxes, fees and donations in Bitcoin and store them for at least five years.
The bill aims to strengthen Texas' financial stability and make the state a leader in Bitcoin innovation. Capriglione stated that inflation is the biggest enemy of investments and stated that investing with a strategic Bitcoin reserve will provide double benefits. This bill aims to establish a Bitcoin reserve within the Texas Treasury and regulate the management of cryptocurrencies by government-related entities.
Strategic Bitcoin reserve discussions are increasing in the USA Texas is the second largest economy in the United States and eighth in the world. Texas, one of the states with the highest concentration of Bitcoin miners in the country, aims to lead in this field. Although the bill does not include a direct Bitcoin purchasing strategy, Capriglione aims to make the bill more comprehensive if it finds support.
The idea of ââcreating a strategic Bitcoin reserve across the US continues to gain support as one of Donald Trump's crypto-friendly campaign promises. Since the presidential election, Bitcoin's value has increased by more than 45%. Pennsylvania was the first state to introduce a similar bill last November, and four other states, along with more than 10 states, are working to pass similar regulations. Bills regarding Bitcoin are being prepared in many states with the contribution of the Satoshi Action Fund.
đĽBitcoin 15% futures basis 'insane' as BTC price sees record daily close
Bitcoin leveraged bets are off the table after repeated washouts, but BTC price action is seen beating all-time highs within days.
BTC price forecast sees new all-time high in âcoming daysâ
BTC/USD sealing its latest daily candle at around $101,200.
On Bitstamp, this matched the close from Dec. 8 to become the highest ever recorded, with bulls pulling away from local lows of $94,000 seen earlier in the week.
âThe crucial level is still defined on $BTC,â trader, analyst and entrepreneur MichaĂŤl van de Poppe, summarized in his latest analysis on X.Â
âIf the markets stay above that area, it's likely that we'll see new ATH's in the coming days.â
Commenting, market observers noted continued market stability accompanying the latest trip to $100,000 and beyond.
âBitcoin quietly just had its highest daily close ever,â Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, wrote in an X post on Dec. 12.Â
âMeanwhile funding rates are below normal, leverage still wiped and ETFs are seeing day after day of relentless inflows.â
Edwards referred to the cleansing of leveraged position that resulted from snap market volatility this week and last.
Shorts felt the heat on the rebound, with combined 24-hour crypto liquidations at $270 million at the time of writing, per data from monitoring resource CoinGlass
đĽMajor is a Telegram-based star-collecting game combining blockchain gaming and social interaction. Launched on July 3, 2024, it has amassed over 50 million players as of writing, taking the top spot in the Grossing Apps list on Telegram.
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Players earn Stars through daily tasks, referrals, and squad participation. These Stars influence rankings, which directly determine a playerâs allocation in the $MAJOR airdrop
The $MAJOR token is structured to benefit the community and support future development initiatives:
Total Supply:Â 100 million tokens
Community Allocation (80%):
60% for existing players with no lock-up period
20% for future incentives, farming, and new game phases
Marketing and Development (20%):Â This portion will be used for marketing efforts, liquidity provisioning, and overall growth, with a 10-month vesting period
Following behind were Grayscaleâs Bitcoin Mini Trust with $55.71 million, Fidelityâs FBTC with $17.27 million, and Bitwiseâs BITB ETF, which drew $6.44 million in investor capital.
However, the bullish trend was not universal. Grayscaleâs flagship GBTC ETF stood as the outlier, recording $94.31 million in outflows on the same day. Since its inception, the fund has experienced total net outflows of $20.64 billion
The momentum extended to trading activity, with total ETF trading volumes surging to $4.71 billion on Dec. 4, a significant leap from the $2.93 billion recorded the previous day.
Bitcoin, the worldâs largest cryptocurrency, broke through the elusive $100,000 mark for the first time, reaching an all-time high of $103,679 on Dec. 5. The rally was buoyed by signals of support for the sector from President-elect Trump
Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April's halving and Donald Trump's US election win
The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth
Bitcoin hit the $100,000 price mark on Dec. 5, breaking a psychological level just weeks after reaching the $90,000 milestone on Nov. 12, according to TradingView.
Bitcoin also set a new all-time high of $104,000 at 3:08am UTC â roughly 90 minutes after surpassing the $100,000 mark.
The year has seen more than $31 billion in net inflows from the spot Bitcoin exchange-traded funds in the United States, along with tightened supply from Bitcoinâs fourth halving in April.
Republican Donald Trumpâs US presidential election victory, growing speculation of a strategic Bitcoin national reserve, and increased Bitcoin corporate adoption led by MicroStrategyâs Michael Saylor have also contributed to Bitcoinâs price rally.
It also comes as Trump recently nominated crypto advocate Paul Atkins to replace Gary Gensler as the Securities and Exchange Commissionâs chair, which could remove several regulatory hurdles that have hamstrung the broader industry under the Biden administration.
Trump also picked hedge fund manager Scott Bessent and Cantor Fitzgerald CEO Howard Lutnik to head the Secretary of Treasury and Commerce departments, respectively, shaping up what could be the most pro-crypto cabinet to date.
Ethereum outpaces Bitcoin in daily net flows for spot ETFs @Ethereum
Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge.
The latest data from sosovalue reveals that Ethereum spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin spot ETFsâ $320.01 million for the first time since inception.
This development coincides with Ethereumâs price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period
The first spot Ethereum ETFs in the U.S. began trading on July 23. These ETFs, approved by the U.S. Securities and Exchange Commission, include products from well-known financial institutions like BlackRock, Fidelity and Grayscale, among others. They provide investors exposure to Ethereumâs price without needing to directly hold the cryptocurrency.
Living in LĂźleburgaz and known as âFinanscioâ in Turkish crypto markets, E.B. has been in the stock market since 2007. E.B. said, âBitcoinâs mining operations started in 2007 and it was released in 2009.
I started mining it when it first came out. Since people were unaware, Bitcoin remained stable for years. There was no increase. However, we knew that the system behind it was a movement for the future world and the information age. Turkey started to get to know âBitcoinâ during the pandemic process.
I also bought 314 Bitcoins for 350 TL at the time. But I forgot my password. It is currently worth 14.5 million TL. The dealer sold my luxury car that I sold for 245 thousand TL for 315 thousand TL.
I made that money that I used in the stock market 1 million 750 thousand TL. I am currently in the stock market with an average of 12 million dollars. But my principal within this 12 million dollars is 1 million TL. When we look at the current system, I put all the money I have into the stock market.
I am trying to maintain balance in the stock market as a whale. When you earn money, you buy a house, a car, you make your dreams come true. I sold everything that was luxurious, unnecessary, and unnecessary. I had three luxury cars. I sold them all. The three cars I invested in the stock market have now earned the money of 20 cars of the same quality.
Now I am a trader worldwide, I give graphics lessons. I am the person who knows where a coin will be on which day and on which date. I do not dream of these things. We do it by looking at graphs, calculations, and movement in the world,â he said.
Famous Analyst Gives Date for Altcoin Rally as Bitcoin Rises!
While the price of Bitcoin (BTC) has been targeting $70,000 recently, top altcoins such as Ethereum (ETH), BNB, and Solana (SOL) are also showing a revival.
However, popular crypto analyst Benjamin Cowen has warned that an altcoin rally is unlikely to occur in the fourth quarter of this year.
According to Cowen, the main reasons for this include the decline in net liquidity and the strengthening of the US Dollar Index (DXY).
Ravencoin(RVN) operates on a blockchain specifically optimized for the transfer of assets such as tokens from one owner to another. It includes four key changes from the Bitcoin code: a one-minute block reward period, a change in the number of coins mined, a coin supply limited to 21 billion, and a mining algorithm called KAWPOW. This algorithm aims to address mining centralization created by ASIC hardware. Ravencoin uses the KAWPOW hashing algorithm to discourage the development of ASIC hardware, so most consumer-grade GPU hardware can mine Ravencoin.
Ravencoin aims to solve the problem of transfer and trading of assets via blockchain. Tokens issued on the Ravencoin blockchain can represent anything: real-world objects of custody such as gold or physical euros, virtual goods and objects, stocks and securities such as a stake in a project, airline miles, or someone's hourly wage, etc. This makes Ravencoin a versatile platform for a wide range of applications. Future versions of the Ravencoin protocol aim to support integrated messaging and voting systems, further expanding its potential use cases.
eCash (XEC)Â is a digital currency that attempts to function as an electronic currency aimed at facilitating transactions for goods and services
What is eCash (XEC)? It bills itself as âa cryptocurrency designed to be used as electronic cash.â The project is being developed by Bitcoin ABC, the team that launched Bitcoin Cash in 2017.
While Avalanche delivers on important promises like the consensus layer, it also introduces concepts never before seen in a Bitcoin project, such as staking, fork-free network upgrades, and child chains.
What is the Purpose of eCash (XEC)? eCash aims to achieve previously unattainable goals by using the technology behind Bitcoin, combining the most advanced Proof of Stake consensus and protocol governance.
It aims to be a transaction tool through which payments can be made for goods and services. Additionally, the project developers aim for the coin to support compatibility with EVM and be interoperable with DeFi. What are the Highlights of eCash (XEC)?
Avalanche It is a consensus algorithm that provides instant transactions, security, and fork-free upgrades. It provides robust and decentralized management to the eCash protocol.
staking Proof of Work mining enables investors to support the project with the incentives it provides. The Avalanche staking system will replace eCash governance and investor incentive.
The Bill on Amendments to the Capital Markets Law, which was submitted to the Speaker of the Parliament yesterday with the signature of AKP MPs, is the first legal regulation regarding crypto assets.
The bill, which includes regulations regarding crypto assets, was prepared after examining world practices in this field. The proposal, which has been studied for a long time, includes provisions regarding crypto assets, crypto asset service providers, as well as regulations to protect customers against risks. #btc #BinanceHerYerde #EarnFreeCrypto2024
When Bitcoin goes through a halving, the number of new Bitcoins produced is halved. To put it differently, miners who verify transactions and add them to the blockchain experience a 50% decrease in their rewards.
This event is hardcoded into Bitcoin's protocol and occurs approximately every four years, or after block 210,000.
Why is the Bitcoin halving important?
When Bitcoin halving, the reward given to contributors who maintain the security of the network is reduced by 50%, which directly affects the rate at which new Bitcoins come into circulation. Since there are only 21 million Bitcoins and the halving reduces their number, the halving makes bitcoin more scarce.
This inherent scarcity, combined with the surge in demand experienced after previous halvings, creates a sense of digital scarcity that can contribute to potential upward pressure on price
They stole 25 million dollars in 12 seconds! They were caught
In the United States, two brothers in their 20s are accused of stealing $25 million worth of cryptocurrency in as little as 12 seconds.
The US Department of Justice stated that the robbery, which took place in April 2023, was "the first of its kind ever."
Deputy prosecutor Lisa Monaco said, "The Peraire-Bueno brothers stole $25 million worth of Ethereum by using very advanced, sophisticated technology and implementing the plan they had been working on for months in seconds."
It is stated that the brothers were educated at the Massachusetts Institute of Technology (MIT), one of the most prestigious universities in the USA, and that they exploited the verification process of Ethereum's money transfer transactions by using the "special skills" they acquired during their university education.
Local media reported that the brothers were studying mathematics and computer engineering at MIT.
âThe defendants' scheme raises questions about the robustness of the blockchain system,â said Attorney General Damian Williams.
Digital currencies such as Bitcoin and Ethereum are distributed through blockchain technology and there is no central authority governing this system. Ethereum is considered the most popular cryptocurrency after Bitcoin.
The arrested brothers are alleged to have seized Ethereum investors' cryptocurrencies by fraudulently accessing pending private transfer transactions.
Investigators are calling the crime "the Exploit" (which means 'exploitation' but also 'superiority').
It was also stated that after Ethereum representatives reached them, the brothers refused to return the money they stole and resorted to money laundering.
Prosecutors point out that this is the first time such a "different" form of fraud has been the subject of a criminal case.
If the brothers are found guilty by the court, they could each face more than 20 years in prison.
SĂśnmez also said that the second quarter had an unfortunate start for Bitcoin, even though it broke the all-time high record in March, and added: âIn the first days of April, Bitcoin suddenly dropped from over 70 thousand to 65 thousand. The loss of value exceeding 5 percent also led to a 7 percent loss in Ethereum. One of the most important reasons for these losses is the instability in spot Bitcoin ETFs and the slowdown in record net inflows. However, on the other hand, strong economic data from the USA reduces hopes that the US central bank, the FED, will start reducing interest rates in June. As treasury bonds rise in the US, investors also take these developments into account in their quarterly portfolio adjustments. The strong US economy is directly reflected in cryptocurrency prices, especially since Bitcoin has recently become one of the favorite instruments of corporate and high net worth investors. "The first week of the second quarter showed that the theme of April in Bitcoin is volatility," he said.