George Town, Grand Cayman, December 20, 2024, Chainwire GodtechZircuit’s first multi-chain AI platform for automated finance, is pleased to announce the success of the launch of the $GUD token. Built on Zircuit, an AI-powered blockchain for secure DeFi and staking, $GUD is reimagining token distribution with a community-first approach that prioritizes inclusivity and decentralization. The first week of $GUD launch is over. 127 million $ZRC tokens stakedgun lock Valued at USD 9 million. These early results highlight the community’s enthusiasm for a more equitable token economic model and decentralization. The future of AI at Zircuit is community-owned Community-oriented distribution $GUD…
Author: Crypto Flexs
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Solana’s network activity is gaining momentumThe cryptocurrency market is always evolving, and Solana (SOL) is often in the spotlight. Its appeal lies in its lightning-fast transaction speeds, low costs, and growing ecosystem. Recently, Solana has signaled a steady surge in network activity, signaling a growing demand for blockchain technology.Factors driving this growth include:Expanding the NFT ecosystem: Solana has become the preferred blockchain for non-fungible tokens thanks to its low fees and fast operations. Marketplaces like Magic Eden are thriving as creators and collectors flock to the platform.DeFi adoption: Decentralized finance (DeFi) protocols such as Raydium, Serum, and Marinade Finance continue…
Lahore, Pakistan, December 20, 2024, Chainwire O.XYZ, a leading decentralized super AI project, announced the launch of OSOL100, the first AI index token designed to capture the cumulative value of Solana’s top 100 AI projects. This innovative token provides users with direct exposure to Solana’s AI infrastructure, agents, and meme tokens through one easily managed and fully transparent investment tool. OSOL100 simplifies investment strategies while enhancing portfolio diversification. It tracks and represents the performance of the top 100 AI-focused projects within Solana’s thriving ecosystem, providing access to the most promising developments. Each OSOL100 token acts as a decentralized fund hosted…
A widely known cryptocurrency analyst and trader said that altcoins in the Solana (SOL) ecosystem are at a critical time. The analyst, who goes by the pseudonym Sherpa, tells his 234,700 followers on social media platform According to Sherpa’s POPCAT chart, the Solana-based memecoin has formed a head-and-shoulders pattern on daily time frames and appears likely to crash if it fails to hold support levels. The head and shoulders pattern is generally considered a bearish pattern in technical analysis. Source: Sherpa/X POPCAT is trading at $0.802 at the time of this writing, up 21,147% from its January 5 low of…
Bitcoin (BTC) has found relief since the Wall Street open on December 20 as massive leverage flushes continue to punish bulls.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBTC price retests December lows as leverage evaporates.Data from Cointelegraph Markets Pro and TradingView shows BTC/USD recovering above $96,000 on Bitstamp.Bitcoin, still down 1.5% on the day, offered difficult trading conditions but took a long time to pay out as the market clawed back to $92,000 lows from early December.“A series of support losses actually occurred,” popular trader and analyst Rekt Capital wrote in part of his market coverage of X on the day.“With this decline,…
contributor Posted on: December 20, 2024 XRP is down 2.82% in the last 24 hours. Ripples whale buys 110 million XRP tokens worth $242 million. Over the past 24 hours, the cryptocurrency market has experienced strong downward pressure. XRP was not spared as most altcoins declined after BTC fell to $95,000. During this period, Ripple (XRP) suffered a sharp decline and hit a low of $2.15. The decline has created a buying opportunity among investors, especially whales. So the whales shifted to buying the dip. Ripple Whale Buys a Dip In his analysis, Ali Martinez observed that Ripple’s whales switched…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Analysts are predicting a surge in the price of Shiba Inu and Ripple despite the market downturn, with the new coin delivering an impressive 700% rise. The cryptocurrency market has witnessed a sharp correction following a strong bull market that began in November. This decline affected the prices of Shiba Inu (SHIB) and Ripple (XRP). Nonetheless, analysts predicted prices could rise in the coming weeks. SHIB could rise to $0.0004729 and XRP could rise to $2.78. Meanwhile, Intel Market,…
The number of stablecoins pegged to the Ethereum layer 2 network has hit an all-time high, showing growing demand for cryptocurrencies. Stablecoin supply on all blockchains is led by Tether (USDT), USD Coin (USDC), and Ethena’s stablecoin USDe.As of December 20, the Ethereum blockchain held $13.5 billion worth of stablecoins, according to data from Tie Terminal, a cryptocurrency data platform for institutions, and Cointelegraph Markets Pro. Total stablecoin circulation has surpassed $205 billion, demonstrating the ecosystem’s growing relevance in real-world use cases.Changes in total stablecoin supply due to blockchain. Source: TIE TerminalIn a December 15 post on It highlighted that…
U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded record outflows on Thursday, while CME futures premiums fell into single digits amid signs of weakening near-term demand.Investors withdrew $671.9 million in net assets from 11 ETFs, ending the 15th consecutive day of inflows, according to data from Coinglass and Farside Investors. This is the largest single day since the launch on January 11th.Fidelity’s FBTC and Grayscale’s GBTC led the outflow, with losses of $208.5 million and $188.6 million, respectively. Other funds also recorded outflows, with BlackRock’s IBIT hitting zero for the first time in weeks.Bitcoin extended its losses after the Fed…
Key Takeaways US Bitcoin ETF experienced historic outflows as investors withdrew $672 million in one day. Fidelity’s Bitcoin Fund led the outflows, followed by Grayscale and ARK Invest ETFs. Share this article The U.S. spot Bitcoin ETF suffered its largest single-day outflow ever amid a sharp sell-off in the cryptocurrency market following the FOMC meeting. About $672 million exited the fund on Thursday, ending a period of net inflows that began in late November, according to Farside Investors data.This large-scale withdrawal surpassed the previous record of $564 million set in May. 1, There were withdrawals of nearly $564 million from…