The U.S. Department of Justice (DOJ) plans to auction $6.5 billion worth of Bitcoin (BTC) seized from Silk Road. This decision follows a court ruling on December 30, ending a long legal battle over ownership of BTC.The US Government Could Sell More BTC Than TrumpAs of January 9, the U.S. government held 198,000 BTC worth about $18.5 billion, according to data resource Arkham Intelligence. $6.5 billion is part of the same reserves.History of U.S. government Bitcoin balances. Source: Arkham Intelligence Some analysts are speculating that the outgoing Joe Biden administration may sell off all government-held Bitcoin in a politically motivated…
Author: Crypto Flexs
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CoinDesk Indexes provides daily market updates, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.CoinDesk 20 is currently trading at 3298.7, down 2.2% (-74.23) since 4 PM ET on Wednesday.One in 20 assets is trading higher.Leaders: LTC (+1.9%) and POL (-0.3%).Laggards: RENDER (-5.1%) and ICP (-5.1%)CoinDesk 20 is a broad index traded on multiple platforms in multiple regions around the world.
join us telegram A channel to stay up to date on breaking news coverage Strong economic data triggered significant declines across cryptocurrency markets, with Bitcoin falling below $97,000. Significant price declines in major cryptocurrencies led to the liquidation of over $483 million in long positions. Economic reports suggest that the Federal Reserve’s rate cut may be delayed, which could have a negative impact on investor sentiment. Stock markets reflected the slump in cryptocurrencies, with technology and AI-related stocks seeing particularly steep declines. The market correction has created cautious sentiment among investors considering the launch of new cryptocurrency tokens. As expectations…
A double bottom formation indicates a possible bullish reversal in Quant. Increasing network activity and reduced foreign exchange reserves strengthen optimism about a price recovery for QNT. Quant (QNT) Despite the recent decline in momentum, the price is showing encouraging signs of recovery, holding steady near key support levels. At press time, QNT was trading at $104.17, down 1.05% in 24 hours. The token formed a double bottom pattern at $102, indicating potential bullish momentum. However, the key challenge lies in breaking the resistance at $121.44 to solidify the bullish trend. Price movement and double bottom formation The chart shows…
According to cryptocurrency analytics firm Santiment, a decline in social media posts and overall sentiment for Dogecoin could signal a buying opportunity for traders.“Public sentiment has been near its lowest point over the past year,” Santiment said in a Jan. 9 report. The analytics firm gave Dogecoin (DOGE) a “Bearish” crowd sentiment rating of 1 out of 5. This is significantly lower than the 4 out of 5 scores of XRP (XRP) and Solana (SOL).Dogecoin’s social dominance chart. source: st tlyBeing bullish on DOGE during the “very quiet” period could pay off.However, Santiment said there is potential for a “good…
Stories Innovates Open Source AI for Creator Monetization – Chainwire housenewsroomStory innovates open source AI for creator monetization. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is…
Revolut joins Pyth Network as a data publisher to support reliable DeFi price feeds. This partnership uses blockchain technology to bridge traditional finance and DeFi. Revolut serves 45 million users globally and expands its web3 financial ecosystem through its partnership with Pyth. Revolut, the UK’s leading digital banking platform, has partnered with Pyth Network to become its latest data publisher. This strategic move highlights the growing convergence between traditional finance and decentralized finance (DeFi) as blockchain technology gains traction across the financial sector. Revolut expands into Web3 ecosystem Regulated by the UK’s Financial Conduct Authority, Revolut is known for its…
Three low-cap altcoins are surging after Binance, the world’s leading cryptocurrency exchange, began supporting them. In the new announcement, Binance announced COOKIE, a utility token for the MarketingFi ecosystem Cookie DAO, artificial intelligence (AI)-focused project Alchemist AI (ALCH), and AI agent-related project Swarms (SWARMS). As news of the listing spread, COOKIE soared 2 percentage points. COOKIE is trading at $0.64 at the time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE is the 413th largest cryptocurrency project. Meanwhile, Alchemist AI is up more than 34% and is trading at $0.22 at…
Jessie A. Ellis January 9, 2025 02:46 According to BounceBit, BB tokens have expanded to Ethereum, using LayerZero’s Omnichain Fungible Token Standard to improve cross-chain access and liquidity. In a significant advancement for cross-chain accessibility, BB Token has officially expanded its operations to the Ethereum blockchain. This expansion marks a strategic milestone in strengthening the institutional capital bridge by leveraging LayerZero’s innovative Omnichain Fungible Token (OFT) standard, as reported by BounceBit. Seamless cross-chain bridge launched Users can now easily link their BB tokens between the BounceBit chain and Ethereum by leveraging a dedicated portal…
XRP has been witnessing some range accumulation over the past month. Short-term speculative sentiment was bearish, but a near-term rise to $2.4 is expected. Ripple (XRP) has a bullish long-term outlook. The rally to $2.9 led to the formation of a steadily accumulating range from the bulls. Experienced commodities trader and classic chart analyst Peter Brandt recently called for a market capitalization of $500 billion for XRP. XRP Range Formation and Next Buying Opportunity Source: XRP/USDT on TradingView During the month, XRP traded in an extended range from $2 to $2.62. The intermediate level of $2.31 has acted as both…