Traders are holding on to Solana (SOL) stacks amid expectations that the price will continue to rise, according to new data from market analytics firm Glassnode. Glassnode said in a new thread on social media platform “Solana investors are operating a HODL (Holding on Dear Life) company in hopes of higher prices. The share of long-term holders of wealth locked in the network is increasing. The 6-12 month cohort currently holds 27% of supply, demonstrating buyer confidence in the 2024 rally.” Source: Glassnode/X However, the data analytics firm notes that investors who had accumulated SOL have dumped their holdings in…
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Timothy Morano December 11, 2024 10:47 The Hong Kong Monetary Authority is warning the public about fraudulent websites impersonating Nanyang Commercial Bank and urging them to be cautious when sharing personal information online. Fraudulent website targeting Nanyang Commercial Bank customers The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and internet banking login screens impersonating Nanyang Commercial Bank, Limited. According to the Hong Kong Monetary Authority, the warning was issued as part of ongoing efforts to protect consumers from cyber fraud. Public consultation on online security The HKMA emphasizes that…
Layer 1 blockchain Sui and China’s Ant Digital will collaborate to tokenize real-world assets. They plan to focus on assets in the environmental, social and governance (ESG) space.Tokenization of Chinese solar assetsAssets called ‘notes’ by partners of a Chinese solar materials manufacturer selected as one of Fortune China’s top 500 companies are the first to be listed on the exchange. The statement provided to Cointelegraph did not specify the manufacturer. Cobe Zhang, Web3 product lead at Ant Digital Technologies, said:“We hope to continue to provide a variety of advanced technology services to more RWA projects, especially in the new energy…
contributor Posted on: December 14, 2024 A bullish breakout for Fantom targets $1.40, following a textbook cup and handle pattern. On-chain indicators and increased open interest highlighted strong market confidence in the upward trend of FTM. Phantom (FTM) is trading at $1.28 at press time, up 5.01% over the last 24 hours as optimism about recent price action grows. This rise coincides with the textbook cup-handle shape on a weekly chart and usually indicates an upward trend. FTM’s current price action puts it in a strong position to challenge the important $1.40 resistance level. However, sustained buying pressure and favorable…
VanEck predicted that there will be significant developments in the cryptocurrency industry in 2025, ranging from a double peak bull market to the U.S. adoption of Bitcoin as a strategic reserve asset.The company’s 2025 forecast report envisions a milestone that could redefine the role of digital assets in global finance, driven by regulatory clarity and institutional momentum.Bull Market Peak and Strategic U.S. AdoptionVanEck predicts a double-peak bull market, with Bitcoin (BTC) and Ethereum (ETH) hitting all-time highs in the first quarter before consolidating throughout the year. Additionally, the fourth quarter recovery is expected to push both assets past their previous…
Tony Kim December 11, 2024 11:21 The Hong Kong Monetary Authority is warning the public about fraudulent websites and internet banking login screens impersonating China CITIC Bank International Limited. The Hong Kong Monetary Authority (HKMA) has issued a warning to the public about a series of fraudulent websites and internet banking login screens impersonating China CITIC Bank International Limited. The warning was issued after reports of these fraudulent platforms were reported to the HKMA, according to a press release from the authority. Fraud activity details The HKMA highlighted that these scam groups are attempting…
VanEck expects the cryptocurrency bull market to reach a “mid-term high” in the first quarter of 2025 before surging to all-time highs by the end of the year, the asset manager said in a Dec. 13 blog post.“At the peak of the cycle, we expect Bitcoin (BTC) to be valued at around $180,000 and Ethereum (ETH) above $6,000,” VanEck said in a blog post written by Matthew Sigel, head of digital asset research. “Other famous projects such as Solana (SOL) and Sui (SUI) can exceed $500 and $10, respectively,” he said.source: Van Eckrelevant: Bitcoin price to surge in 2025 due…
Iris Coleman December 11, 2024 12:29 The Sui Foundation has launched a grant program to fund DeepBook, its underlying liquidity layer, fostering the growth of decentralized finance through support of targeted projects. Sui Foundation has announced a new initiative to strengthen the development of its underlying liquidity layer, DeepBook, through a targeted grants program. According to the Sui Foundation, this move aims to improve DeepBook’s usefulness within the Sui ecosystem by funding innovative projects that align with its goals. DeepBook’s role in the Sui ecosystem Launched in 2023, DeepBook serves as Sui’s first primary…
MexicoThe world’s leading cryptocurrency exchange achieved outstanding results in November. Derivatives trading products are experiencing unprecedented growth, pushing the platform into the top five cryptocurrency derivatives exchanges in the world by trading volume. This milestone highlights MEXC Futures’ dominant position in the cryptocurrency derivatives market, with the platform securing the #1 growth rate globally and further solidifying its industry leadership. Achieved the highest growth in the industry MEXC Futures achieved first place in growth rate and leaped to global top 5 in trading volume According to the latest Wublockchain’s Monthly ReportAccording to data from Coingecko and Similarweb, MEXC achieved an…
Timothy Morano December 11, 2024 13:04 AI pioneers John Hopfield and Geoffrey Hinton won the Nobel Prize in Physics, and Demis Hassabis and John Jumper won the Chemistry Prize for their innovations in neural networks and protein structure prediction. I received it. AI pioneers John Hopfield and Geoffrey Hinton won the Nobel Prize in Physics, and Demis Hassabis and John Jumper won the Nobel Prize in Chemistry. It has established itself as a leader in scientific innovation. The award was presented at a prestigious awards ceremony held in Stockholm, Sweden, marking an important milestone…