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Showing posts with the label CoinDesk: Bitcoin

Crypto Daybook Americas: Massive Selloff Doesn't Stop Bitcoin Institutional Adoption

Institutional interest in Bitcoin remains strong despite recent price dips, with Intesa Sanpaolo purchasing 11 BTC for $1 million. Analysts suggest this trend could indicate a recovery as Bitcoin bounces back to over $96K. Market dynamics, economic indicators, and ongoing corporate demand hint at potential future price increases. - source

AI Tokens Fail to Mirror 2024's Epic Surge Despite Bullish Nvidia Conference

AI crypto tokens are struggling to meet expectations in 2024 despite a positive Nvidia conference. Notably, NEAR and FET have dropped significantly, while interest wanes, reflected in declining search trends. The rise of AI agent tokens, coupled with a speculative market, has diverted attention away from traditional AI tokens. - source

Crypto Daybook Americas: SPX's Cautionary Signal for BTC

Bitcoin is poised above $100,000, with bullish signals amidst caution from the S&P 500, indicating a potential risk-off trend. Concerns around President Trump's inauguration may trigger market corrections. Despite this, several factors support BTC's growth, including liquidity returns and strong miner positions, while the macroeconomic landscape remains watchful. - source

Animoca Brands' Yat Siu: 2025 Will Be the Year Crypto Goes Mainstream

Yat Siu, co-founder of Animoca Brands, forecasts that 2025 will mark crypto's mainstream adoption, driven by stablecoins and community-centric memecoins. He emphasizes the importance of trust and reputation in blockchain ecosystems and advocates for Web3 as a means to create a more inclusive and participatory form of capitalism. - source

Crypto Daybook Americas: The Overture to 2025 Strikes a Familiar Chord

Bitcoin's 8% recovery hints at ongoing market forces similar to last year’s record highs, driven by investor demand for anti-inflation assets. JPMorgan highlights the enduring debasement trade, raising concerns over increased bond yields. Meanwhile, ETH pricing remains muted due to DeFi protocol influences, and significant whale activity shapes market sentiment. - source

Don't Expect Bitcoin Fireworks Ahead of New Year, Traders Say, as BTC ETFs Lose $420M

Bitcoin (BTC) markets remain bearish as it dips below $92,000, with traders skeptical about significant New Year gains. Despite MicroStrategy's large purchase, BTC is on track for a 4% December decline. ETFs face $420 million in outflows, signaling a cautious investor sentiment ahead of expected volatility in February. - source

2025 Will Be the Year That AI Agents Transform Crypto

In 2025, AI agents are poised to transform the crypto landscape significantly. These autonomous programs are enhancing financial activities, driving innovation in gaming and social platforms, and fostering community interactions. As development accelerates, crypto's decentralized infrastructure will enable these agents to scale, reshaping digital economies and participant dynamics. - source

What the Key Metrics for Onchain Activity Say About SOL, ETH and Other Chains in 2025

Web3 must transcend superficial metrics to assess true user engagement and growth potential effectively. By employing a comprehensive "health index" that aggregates key user activities, chains like Solana, Ethereum, and Axelar can better gauge engagement quality, vital for success as the industry matures into 2025 and beyond. - source

CAT, MOG, SHIB Among Meme Tokens Added to Chainlink Services

Several meme tokens, including Shiba Inu (SHIB), Turbo (TURBO), and Apu (APU), were added to Chainlink services, enabling cross-chain access across 12 blockchains. Other tokens like CAT, COQ, GOAT, HMSTR, and MOG also joined. Chainlink's mechanisms enhance token visibility, potentially boosting investment and usage. LINK tokens rose despite Bitcoin's decline. - source

Agents of Evolution: Crypto’s Next Act

The rise of on-chain agents in crypto, akin to NFTs, presents new investment opportunities, driven by AI and blockchain. Unlike memecoins, these agents offer utility and potential long-term liquidity. While their market is still developing, certain projects like AIXBT and Luna showcase innovative user experiences, hinting at future growth. - source

IP-Backed Meme Token CAT Bags Binance Spot Listing, Spiking Bullish Sentiment

Simon's Cat (CAT), the first cat-themed memecoin backed by IP, surged 50% following its Binance spot listing, reaching $0.000067. Trading volumes increased significantly, and open interest in futures nearly doubled. CAT's official brand backing may provide legal security amid rising scrutiny of non-IP memecoins facing potential lawsuits. - source

Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins

Haliey Welch's memecoin, $HAWK, initially surged to a $491 million market cap but quickly fell under $20 million, sparking claims of a "celebrity rugpull." The project's mismanagement, lack of transparency, and high trading fees raised suspicions, highlighting the necessity for better standards and governance in the memecoin space. - source

Memecoins Are Not Easy Money

Memecoins have gained significant attention but are misleadingly seen as easy money. The reality involves complex mechanics, insider connections, and influencer marketing. While some memecoins may succeed through genuine community efforts, many operate like pyramid schemes. Understanding the underlying processes is crucial for potential investors to navigate this risky market. - source

Crypto Doesn’t Care About Cash Flow. That Will Soon Change, Says Pantera Capital

Cosmo Jiang of Pantera Capital asserts that crypto must adopt fundamental investing principles to attract institutional capital and sustain growth. He highlights the importance of cash flow, favorably compares Solana to Ethereum due to user growth and revenue, and expresses interest in decentralized physical infrastructure projects. - source

Crypto Daybook Americas: Inflation May Just Provide a Santa Spark

Today's inflation release could be a catalyst for a potential Santa rally in Bitcoin and the crypto market. As inflation remains under control and the Fed shifts focus, the outcome may impact BTC's $100,000 resistance and ETH's recent gains. Market volatility is anticipated ahead of key macroeconomic indicators. - source

XRP Outperforms Bitcoin, Dogecoin Extends Slide Ahead of U.S. CPI

XRP has outperformed bitcoin and other major cryptocurrencies, rising 7% amid news of Ripple Labs receiving regulatory approval for the RLUSD stablecoin. Dogecoin, conversely, fell 4%. The U.S. CPI data is expected to impact cryptocurrency markets, with increased whale activity in XRP hinting at potential strategy shifts among large holders. - source

BlackRock's Larry Fink: Crypto’s TradFi Savior

Larry Fink, CEO of BlackRock, has significantly influenced cryptocurrency, particularly with the approval of bitcoin ETFs in 2024. This has attracted over $30 billion from institutional investors, revitalizing the crypto market. Fink's strategic timing and endorsement are seen as crucial in validating crypto for mainstream finance. - source

Ansem: The Memecoin King

Ansem, a crypto trader known as "The Memecoin King," recently trained for a boxing match against Bitboy, resulting in a draw. He leverages his social media presence to influence trading, particularly with memecoins like Dogwifhat. Despite financial success, Ansem remains focused on content creation and expanding his influence. - source

The Truth Terminal: AI-Crypto’s Weird Future

The Truth Terminal, an AI chatbot on Twitter/X created by Andy Ayrey, blends humor and existential musings, becoming influential in the AI-crypto space. Its endorsement of the $GOAT memecoin led to significant wealth creation, exemplifying the intersection of decentralized AI and cryptocurrency, while highlighting potential risks of such technology. - source

Floki Releases No-Fee Crypto Debit Card, Boosting Token Fundamentals

Floki has launched a zero-fee debit card in 31 European countries, allowing users to spend various cryptocurrencies globally at VISA and Mastercard merchants. The card costs $33 for a physical version and over $10 for a virtual one. Future expansions and a VIP card with higher limits are planned. - source