Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Arkham Intelligence is launching a new spot trading exchange in the US, expected next week. US users will have to wait until it’s fully regulated. Its aiming to compete with Binance with big alibi as investors, like Sam Altman. Arkham’s token, ARKM, is trading at $2.09 with a $663M market cap.

Arkham Intelligence is a crypto market analytics platform which specializes in providing intelligence and data insights to help users navigate the blockchain and cryptocurrency space. It was launched in 2020 and its main aim is to bring transparency to the crypto market by offering tools for tracking on-chain activity, analyzing market trends, and providing insights for traders and investors. It is now expanding into the spot trading exchange game to compete with major platforms like Binance.

They announced this news on the social media platform X. They basically announced their plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham does note that some of the users in US might not have availability of it until its fully developed.

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Previously on October, they announced that it would be launching a derivatives exchange as a means of competing with Binance, which is arguably the biggest crypto exchange in the world.

Some sources suggest, Arkham was actually building the technology and digital infrastructure required to operate the exchange themselves and was in close contact with whales in the Middle East to raise $100 million. Other investors include the man,  CEO of OpenAI, Sam Altman himself.

Conclusion

Arkham Intelligence is really posing itself as a key player in the crypto market, with plans to launch its own exchange while attracting significant investment and backings from prominent figures like Sam Altman.

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Bitcoin Breaks $97K, Over 80% Odds of Hitting $100K This Month

Summary: Bitcoin’s valuation increased by 5.8% in just last 24 hours and so the bullish streak continues. Bitcoin surged to yet another of its all-time high of $97,750. Market capitalization for Bitcoin also looks fantastic as it stands at $1.93 trillion, with a super dominant 57.9% share of the crypto market. Bitcoin’s daily trading volume has also surpassed $85 billion which shows how strong and dominant the bullish momentum has been for BTC.

Market Sentiment and Predictions

After this recent and explosive success of Bitcoin, A poll was done on the prediction platform Polymarket where 83% odds were on the favor of Bitcoin hitting $100,000 before December. This is also happening as the global crypto market cap reaches an all-time high of $3.33 trillion.

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Factors Driving Bitcoin’s Surge

  1. Political Landscape: Donald Trump winning the election as the “crypto president” with a promise of making U.S. a pro-crypto Congress country has filled everyone especially crypto enthusiast with hopes for regulatory support.
  2. Institutional Interest: After the first big surge, Whale accumulation and many over-the-counter (OTC) deals most probably by big organizations are sustaining this bull run.
  3. Halving Effect: After the Bitcoin Halving on April 20th, rewards for mining and miners had decreased. Therefore, prices was pushed upwards to maintain an environment where miners can also enjoy profit.
  4. Spot BTC ETFs: When BlackRock’s iShares Bitcoin trust was firstly launched, it was the first and one and only U.S. approved spot Bitcoin ETF and this fueled the demand for bitcoin even higher. This made things easier for investors as they were greatly manage risks while still gaining rapid exposure to digital asset.

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Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point

In short, RENDER has managed to surge by over 40% in a month. It has become one of the finest AI-focused cryptos with a mindblowing $4.1B market cap. The decline in whale activity and weakening of Bollinger Bands signal lacky momentum. Top crypto Gs predict $8.29 resistance or $5.00 support levels. NVIDIA’s earnings may also influence performance, but still, caution surrounds RENDER’s long-term trajectory.

Render (RENDER) has become a major player in the AI crypto space, surging by 40% in the past month, now holding a market cap of $4.1 billion. It’s leading the charge for AI-focused cryptocurrencies, but the road ahead is all foggy, with some warning signs flashing.

One of the biggest upset for it can be the drops in whale investor activities. The number of large holders (those with 100,000 to 1 million coins) has decreased from 218 to 177 between November 1 and now. This strongly suggests a lost of confidence from major players which ultimately means, even though the price is up, volatility is inescapable.

Additionally, the Bollinger Bands Trend (BBTrend), a technical indicator, offers mixed signals. After hitting a three-month high of 29.7 on November 14, it has fallen sharply to around 6.4, showing a huge loss of momentum. While its still technically positive, this dip does raise concern on a longer run and hints sharply towards a reversal. Plus, there are very few whales backing up the coin to keep it afloat.

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Price Projections: Bulls vs. Bears

In a bullish scenario, analysts believe RENDER could push to resistance levels at $8.29 and possibly $9.47, which would be the highest price since May. But if the momentum goes numb, support levels could drop to $6.30, $5.80 or even as low as $5.00.

External Factors and Market Sentiment

Render’s performance could also be affected by some external factors like NVIDIA’s earnings report. Both RENDER and NVIDIA are heavily involved in GPU-powered technologies, so a strong report from NVIDIA could boost market confidence in RENDER. Some crypto analysts, like Rendoshi Tokamoto, have even praised RENDER’s chart, calling it “the best-looking in crypto,” suggesting there’s still potential for further growth.

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DCG Unveils Yuma: Pioneering Decentralized AI with Bittensor Revolution

DCG has launched Yuma to back startups building on Bittensor’s decentralized AI network. It is led by Barry Silbert, Yuma offers funding, tools, and expertise to create innovative AI projects. As a top Bittensor validator, it supports AI subnets like text tools and fintech, pushing crypto-AI collabs with TAO at the core.

DCG, short for Digital Currency Group is an international investment firm. It is the forefront of blockchain and cryptocurrency innovation. It basically operates as a key player in the digital asset ecosystem by supporting mainstream groundbreaking technologies and startups. By investing in companies and projects that shape the future of blockchain and crypto, DCG continues to automate the adoption of decentralized technologies worldwide quickly. This firm recently launched its Yuma project which is set to change the landscape of decentralized AI.

What is Yuma?

Yuma is basically a subsidiary launched by Digital Currency Group (DCG) to accelerate innovation in decentralized artificial intelligence. Its main focus is to enable startups and enterprises to build projects on Bittensor, a decentralized AI network. It will act both as a research hub and a development partner by providing funding, infrastructure, and technical expertise to empower developers in creating AI-driven applications.

It will benefit DCG in numerous ways, which includes accelerating overall innovation, validating and developing subnets, supporting AI development, and offering creative incentives.

Read more: Meme Coins Push Solana to Record Revenue Heights


Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

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Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge





Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

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Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

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Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Summary: Michael Saylor has been advocating real hard for the usage of Bitcoin, and now he’s set to give a three minute presentation pitch to Microsoft board as to why they should also invest in Bitcoin. Saylor isn’t any ordinary man as he’s an executive chairman of MicroStrategy company and believes that Microsoft’s investment strategy might have a ripple effect on the broader market.

Saylor’s Three-Minute Bitcoin Pitch

Michael Saylor announced on VanEck’s X spaces that he will be presenting a very brief but strong and impactful pitch to Microsoft’s board of directors. He believes he might be able to sway them and aims to convince them as much as possible to allocate funds to Bitcoin as Microsoft is a tech giant and has over $78 billion in cash reserves.

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The Impact on Microsoft and the Market

Microsoft being a technical giant as mentioned before has only invested on companies like OpenAI but has yet to invest anything on crypto or crypto related projects. Microsoft has the potential to be a major corporate Bitcoin adopter if Michael manages to persuade them, which might start a potential larger institutional interest in the cryptocurrency.

A Track Record of Success

Saylor in his announcement highlighted that MicroStrategy’s growth as a pioneer in Bitcoin adoption. The shares of said companies have surged as high as 2,735% over five years, this success story in itself proves Bitcoin’s potential as a strategic asset.

Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Chill Guy Coin, known as CHILLGUY has exploded by 650% in just 2 days. After that surge it reached $0.222 and now holds a market cap of $227.6M. It was launched on November 18 and it’s up 3627% with nearly 1B tokens in circulation. The coin’s gaining mad hype, but might cool off before climbing further. Keep an eye on $0.50+ potential!

CHILLGUY token, a community driven cryptocurrency designed to embody a relaxed and fun vibe while promoting decentralization and inclusive technology has seen its price skyrocket lately. This token is mostly targeted towards younger and a bit tech-savvy investors. Its basically a memecoin which contains real world use cases, such as rewards in social platforms, gaming, and merch drops. Its perfect match for anyone seeking a casual entry into the crypto space. The inspiration behind this memecoin is a viral meme called “My New Character”.

Chill Guy Token’s initial deployment was recorded on September 12 of this year. It gained significant momentum in its presale run and quickly managed to raise its popularity in crypto space. The price of this token has risen by 3627% since its debut. In just past two days it surged by a staggering 538%. The hourly chart reveals consistently higher highs and higher lows, indicating the bullish trend is intact. But RSI says there might be an overbought situation which will drop down its hype.

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CHILLGUY Price Forecast

As of writing, CHILLGUY is priced at $0.413, with a 24 hour trading volume of about $455 million. This indicates an increase by  781.00% in the past 24 hours. It currently has a circulating volume of total  1 Billion CHILLGUY and holds a market cap of about $438 million.

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Ethereum Eyes $10K Despite Recent Sell-Off

Summary: Ethereum hasn’t had a great couple weeks as it’s price faced a pullback, dropping to $3,058 in the mist of a big whale sell-offs and ETF outflows. Analyst knowing this downfall of ETH still predicts a long-term rally with bullish technical indicators, they suggest a potential rise to $10,000.

Whale Activity Triggers Price Dip

Ethereum has fallen down and has fallen so deep that it’s fallen by 11% from its monthly high with whales transferring and selling over $300 million worth of ETH to exchanges, signaling a very dangerous and potential sell-offs. A major transaction that put pressure on the cryptocurrency’s value is 50,000 ETH moved to Kraken.

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DEX and ETF Challenges

Ethereum which has second highest valuation suffered from a underperformance in decentralization exchanges (DEX) volumes, while trailing other infamous networks like Solana and Base. Not only that but spot ETFs also saw 2 consecutive days of outflow with a total amount of $59.8 million which seems incomparable to Bitcoin which had a massive, extraordinary, huge inflow of $27 billion.

Bullish Signals on the Horizon

Despite all these negative aura surrounding Ethereum, analysts remain super hopeful that this is just a calm before the storm and predict a potential bullish run for its long-term target of $10,000.

UN Launches Blockchain Academy for Global Staff Training

Summary: Everybody on this day and age are starting to understand the importance of Blockchain, United Nations isn’t any different as they’re planning on expanding its blockchain academy to upskill over 24,000 staff worldwide. They’re not doing this alone as this work is being continued as a partnership with the Algorand Foundation. The program aims to leverage blockchain technology for sustainable and equitable development.

Global Upskilling Effort

The United Nations Development Programme (UNDP) announced an ambitious and very progressive initiative to train a whopping 24,000 personnel in the latest technology called as blockchain technology. UN aims to equip their staff with the skills necessary to apply blockchain in real-world scenarios and projects which they believe will drastically enhance transparency and efficiency. This development is being conducted in collaboration with Algorand Foundation.

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Blockchain in Action

The blockchain academy launched in late 2023 initially only managed to train and certified only 30 personnel and had introduced 18 hours of allocated time for training. Now, its has seen a drastic and progressive expansion in its curriculum and is accessible to staff across multiple UN bodies. This course isn’t just for UN employees but also for UN Volunteers and the United Nations Capital Development Fund. Till now UN has only used blockchain to track cocoa supply chains and facilitate digital impact investments, hopefully we see more and social use of blockchain from the UN.

Pioneering with a Sustainable Future

This initiative by a global organization like UN puts and adds more and brings these stuffs in spotlight like the Guardian platform, launched with the HBAR Foundation for carbon market verification. Doro Unger-Lee of the Algorand Foundation said blockchain’s transparency and efficiency are key to driving impactful sustainable development programs.

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