Indian public firm and MicroStrategy’s Bitcoin blueprint, Japanese exchange’s SPAC merger for Nasdaq listing: Asia Express

PRESS RELEASE. Montreaux, Switzerland, December 12, 2024—SMARDEX, a decentralized finance platform funded by Swiss Web3 pioneer RA2 TECH, is announcing the launch of USDN after two years of intensive development and $12 million of investment. The platform’s public seed round has attracted an additional $4.5 million in TVL in the immediate days after launching. USDN […]

The locked-token sale saw participation from more than 40 companies.

On Thursday, Dec. 12, Texas Representative Giovanni Capriglione introduced a bill to establish a bitcoin reserve as a financial asset within the state treasury, marking a significant step toward incorporating cryptocurrency into public financial management. Giovanni Capriglione Introduces Bill for State Bitcoin Reserve The legislation, titled the Texas Strategic Bitcoin Reserve Act, outlines the creation […]

Shiba Inu (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, market participants are now focused on whether SHIB can muster enough strength to break past this critical threshold. A successful move above this level could ignite a fresh wave of bullish momentum, setting the stage for a potential rally. Will the bulls rise to the occasion, or will SHIB face renewed pressure? Analyzing SHIB’s Price Action: Is A Bullish Surge Imminent? SHIB’s price action is demonstrating a strengthening positive sentiment as it nears the critical $0.00002960 resistance level. The recent consolidation around this key price point suggests that a breakout could be imminent. Additionally, the fact that SHIB is trading above the 100-day Simple Moving Average (SMA) signals increasing confidence from buyers, further heightening expectations for a potential upward surge. Furthermore, the 4-hour Relative Strength Index (RSI) indicates that Shiba Inu may be primed for continued uptrend. The RSI has recently surged past the 50% threshold and is currently positioned at 53%, signaling an increase in bullish momentum. Specifically, this shift implies that buying pressure is gaining traction, and the market sentiment is turning more optimistic. An RSI above 50% typically signals that buyers are in control, which could further propel SHIB toward higher resistance levels. Related Reading: Shiba Inu Braces For Rally – Analyst Sees 35% Price Surge – Details If the RSI maintains its upward trajectory, it will likely support the continuation of the current rally, possibly leading to a breakout. However, sustaining this momentum will be essential to confirm a successful breakout.  Meanwhile, should Shiba Inu fail to break above the $0.00002960 resistance level with strong volume, it may face a pullback or a period of prolonged consolidation. This could cause the price to retest lower support areas as market sentiment shifts. A lack of follow-through above this level may discourage buyers, leading to a temporary stall in the uptrend.  What Happens If Shiba Inu Breaks Above $0.00002960 Once SHIB surpasses the critical $0.00002960 resistance level, it could trigger a significant bullish rally. A successful breakout will attract more buying interest, signaling that the bulls are in control and pushing the price toward the next resistance level at $0.00003346 and other higher price targets. Related Reading: Shiba Inu All Set For ‘Bull Show’, Eyes 180% Rally – Analyst Additionally, a breakout above this level would reinforce positive market sentiment and could lead to a surge in trading volume, fueling the continuation of the upward momentum. However, sustained buying pressure will be essential for the price to stay above this key level and avoid a pullback. Featured image from Unsplash, chart from Tradingview.com

Bitcoin whales are back in buy mode as BTC price strength continues despite a new stagflation jolt for the US Federal Reserve.

The new funds add to Grayscale’s expanding suite of single-asset crypto products.

“I feel like this is turning into ‘Digital Currency for Dummies,‘” Jon Stewart said to the billionaire during an interview on his weekly podcast.

On December 12, 2024, the Dogecoin network was exploited when an “ethical” hacker uncovered a critical flaw. This exploit brought down a staggering 69% of the network’s active nodes, sparking serious questions about the security of decentralized systems and the risks that come with publicly accessible nodes. The Exploit and Its Execution Andreas Kohl, co-founder […]

The post Dogecoin Flaw Exploited, Hacker Crashes 69% of Active Nodes appeared first on CryptoNinjas.

Donald Trump declared, “We’re going to do something great with crypto,” after opening the NYSE, emphasizing U.S. leadership to outpace China and other countries in digital assets. Cryptocurrency Leadership: Trump’s Pro-Bitcoin Stance Sparks Market Optimism President-elect Donald Trump commenced Thursday’s trading session at the New York Stock Exchange by ringing the opening bell, signaling his […]

The crypto market is on fire again – with “altcoin season” potentially here. Bitcoin has pushed back above $100,000, although smaller coins are making the biggest moves. Layer-1 project Sui and DeFi staple Uniswap are both up over 20% in the past day. And they’re not alone – with one crypto expert tipping the new […]

Dogecoin has seen choppy price action over the past few weeks, reflecting the broader market’s indecision. After reaching a new yearly high of $0.484, the price retraced sharply, losing over 25% of its value. This pullback has left Dogecoin struggling to regain strength and find clear direction, creating uncertainty among retail investors. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Despite the retrace, on-chain data provides a promising signal for Dogecoin’s potential recovery. Metrics from Santiment reveal that Dogecoin whales took advantage of the recent dip, accumulating a staggering 210 million DOGE during the correction. This accumulation suggests that large holders position themselves for higher prices, signaling confidence in Dogecoin’s long-term outlook. The market is watching closely to see if this whale activity can reignite momentum and push Dogecoin back toward its highs. With whales accumulating during the correction, recovery might be on the horizon, but the price still needs to reclaim key resistance levels to confirm a bullish continuation. Investors and analysts are awaiting the next move, which could determine whether Dogecoin remains in a consolidation phase or resumes its upward trend. Finding Fuel To Rally Dogecoin has been a standout performer recently, experiencing a massive surge since November 5. The meme coin gained over 220% during this period, capturing the attention of retail and institutional investors alike. However, after this impressive rally, Dogecoin is now in a consolidation phase, as the market takes a pause before the next significant move. Top analyst Ali Martinez shared insights on X, highlighting on-chain data from Santiment that offers a bullish perspective. According to Martinez, Dogecoin whales took advantage of the recent price correction, accumulating an impressive 210 million DOGE.  This activity underscores the growing interest in ‘smart money’, as large holders often accumulate during dips in anticipation of future price increases. Such whale activity is a positive long-term signal for Dogecoin and meme coins, suggesting confidence in its potential for further growth. Related Reading: Solana Will ‘Step Back Into The Spotlight’ Once It Reclaims $222 – Details Despite the bullish signals, Dogecoin must overcome current consolidation to maintain its upward trajectory. A breakout above the current pattern would likely trigger another surge, continuing its rally. However, failure to break out could lead to a deeper correction as investors reassess short-term market conditions. The next move will likely set the tone for Dogecoin’s direction in the coming weeks, making it a critical moment for the popular meme coin. Dogecoin Testing Crucial Demand Dogecoin (DOGE) is currently trading at $0.41 after successfully testing support at the $0.36 level, a critical area that has held firm during recent market volatility. Over the past few days, DOGE has been ranging sideways, confined between resistance at $0.48 and support at $0.36. This range-bound activity suggests the market is in a consolidation phase, with both bulls and bears waiting for the next decisive move. If Dogecoin can break above the key resistance level at $0.48, it would signal renewed bullish momentum and likely trigger a push higher. Such a breakout could attract more buyers and set the stage for DOGE to challenge its previous highs. On the other hand, failure to hold the $0.36 support level would likely lead to a deeper correction, with the potential to test lower demand zones as investors lose confidence in the short-term outlook. Related Reading: Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6 As Dogecoin remains within this range, traders and investors closely monitor the price action for signs of a breakout or breakdown. The next few sessions will be pivotal in determining whether DOGE resumes its upward trajectory or faces a more extended correction period. The meme coin sits at a crossroads, poised for its next big move. Featured image from Dall-E, chart from TradingView

As of Dec. 12, 2024, the XRP/USD market reflects a steady consolidation phase across several timeframes, with bulls and bears locked in a tug-of-war at pivotal levels. XRP On Thursday, XRP’s daily chart paints a picture of an earlier uptrend tempered by recent consolidation. Prices climbed from $0.54 to a high near $2.91, encountering a […]

Holders of $PEPU – the new Pepe Unchained meme coin listing – will be smiling today. In just two days since its December, 10 launch, $PEPU’s market capitalization has sky rocketed to above the $480M mark. That’s a meteoric 500% gain. Bullish much? Pepe Unchained is certainly proving its mettle as one of the best new meme coins of the year. At the time of its DEX listing, 1 $PEPU cost $0.004638. The figure has now currently stands around $0.04905, with a 24-hour trading volume of an impressive $37.52M. Not too shabby at all, considering it entered the scene at a presale price of $0.008. Will Pepe Unchained reach its $1bn market capitalization goal? It’s too early to tell, of course, but the signs are looking good. So good, in fact, we expect to see CEXs getting on the action very soon. Pepe Unchained brings to the table a powerful Layer 2 blockchain ecosystem – purpose-built to foster meme-driven innovation at double the speed of Ethereum, and with lower fees. And soon to come is the Pepe Unchained Pump Pad – a pretty cool meme coin launcher. With no coding involved, the Pump Pad is a great way for novices and those-in-the-know alike to create and launch their own meme coins. It is also likely to pump up Pepe Unchained’s revenue. $PEPU’s X following (formerly Twitter) stands at an impressive 81k+. Speaking of, guess who’s been showing up in the personal feed of X head honcho and future President of the World, Elon Musk? Coincidence? Or a fan of $PEPU? The jury is still out on that one. But if it walks like a duck… The Pepe brethren set to be one of 2024’s top presales $PEPU isn’t the only Pepe token making headlines. Pepe Unchained’s financial froggy kin, Wall Street Pepe ($WEPE), is killing it in its presale stage. Wall Street Pepe raised $100k within five hours of launching its presale on December, 3. Within three days, it hit the $1M mark. And now, less than 10 days down the line, $WEPE has raised more than $6.8M. $WEPE tokens are being snatched up faster than frog legs at a French restaurant. Wall Street Pepe’s secret? Galvanizing an army of crypto underdogs to take back power from the whales – hiding in insider groups – who control the crypto markets. With a strategy to “turn frogs into whales,” Wall Street Pepe promises token holders access to exclusive trading insights, guiding them in their crypto market journey. And, as members of the $WEPE army, traders will be able to share knowledge, engage in discussions and receive key updates from Wall Street Pepe. Despite $WEPE’s tough Wolf of Wall Street exterior, this meme coin is backed by good intentions – empowering the little guy to play among the big boys, with equal opportunities for vast wealth creation. If you don’t have a crypto wallet, you may want to consider the Best Wallet app. It’s a really easy way to buy and store your crypto. It’s also fully non-custodial – the control is all yours, and not centralized companies or exchanges. The $WEPE presale site has a convenient link to Best Wallet. The Wall Street Pepe presale is currently underway, so there’s still time to join the fast-growing $WEPE army at a fantastically low price. That said, its current cost of $0.000212 is set to increase in less than four days. As always, don’t forget to DYOR research. A visit to Wall Street Pepe’s X page is a good start. And please note, this article does not constitute financial advice.

Just a few days after Ripple’s stablecoin officially obtained
approval from the New York authorities, optimism remains high about the cryptocurrency’s potential.

Although the price is consolidating in the daily chart, the trend is positive in the weekly chart. The price at the time of publication was $2.41, with a 1.32% price increase in the past day and a 1.14%
spike in the weekly chart.

Recent Price Changes

XRP still ranks the fourth largest cryptocurrency on
CoinMarketCap, with a market capitalization of $137 billion. However, the
trading volumes dropped by 50% in the past 24 hours to $11.79 billion. Beyond
the volatility, XRP is perceived as the most resilient cryptocurrency.

Few cryptocurrencies have managed to sustain growth amid regulatory challenges, including Ripple‘s legal tussle with the SEC. Now, Ripple’s XRP is attracting other digital asset projects to launch on its blockchain, the XRP Ledger.

Among these projects is a meme coin dubbed $PHNIX. According to a statement the company shared with GlobalNewswire, the project launched on FirstLedger, a decentralized exchange on XRP Ledger. The blockchain reportedly supports applications focusing on payments and micropayments.

The positive momentum regarding Ripple’s XRP followed
the approval of the platform’s USD-backed stablecoin, RLUSD, which has also
contributed to XRP’s price surge.

Ripple introduced RLUSD in October in collaboration
with top crypto exchanges and financial institutions. The digital asset is
designed to support cross-border payments and will reportedly be available to
users worldwide.

This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.

— Brad Garlinghouse (@bgarlinghouse) December 10, 2024

Commenting about the approval, Ripple’s CEO Brad
Garlinghouse said on X: “This just in…we have final approval from the
NYDFS for $RLUSD! Exchange and partner listings will be live soon, and
reminder: when RLUSD is live, you’ll hear it from Ripple first.”

Whale Activities and Price Prediction

The positive development in blockchain could be behind the recent Whale activities, a term referring to the massive transfer of vast
amounts of digital assets by large investors, mostly institutions.

Over the past 24 hours, Ripple reportedly transferred
a staggering 580 million XRP, causing speculation about its strategic moves.
Whale Alert reported over $1.5 billion worth of XRP transferred in just two
days, moves that could also have excited the market.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 380,000,000 #XRP (915,171,133 USD) transferred from #Ripple to unknown wallethttps://t.co/2HhQMdiNGS

— Whale Alert (@whale_alert) December 11, 2024

Technically, XRP prices are locked in a consolidation between the $1.9 support and $2.8 resistance levels. The price has remained within this range since December 1. In the short term, these levels will determine whether the price will rise or drop. The Relative Strength Indicator (RSI) also shows that the price has not reached the overbought zone.

However, prices could maintain an upward trend in the
long term amid the positive sentiment the cryptocurrency is currently enjoying.
This includes the recently approved stablecoin, optimism around favorable
crypto regulations in the US, and the overall market sentiment.

This article was written by Jared Kirui at www.financemagnates.com.