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.

Mantra (OM) Rally Loses Steam as Whales Start Selling

Mantra’s OM token that gained traction across the market with its 30% spike has fallen off quite quickly and now it stands on a mere $3.81. Major reason for this is whales selling big amounts in such a short time. $1.8M worth of OM hit exchanges, signaling complete sell-offs. Supply on exchanges is up by 10% which means its going for a cooldown. Despite this downfall, OM’s still up 20,000% this year with a $3.8B market cap.

Mantra’s OM, the native cryptocurrency powering Mantra’s ecosystem recently had a uphill ride, but it quickly fell off. Just yesterday, it had a strong rally as it jumped over 30% in just 24 hours. This led it to reach its all time high of $4.52 but the positives end there, right after that it started to dip and is indicating to dip down even further. As of now, it is priced at $3.88 and there is no hint in sight that tells its going to increase.

Whale Sell-Off Behind OM’s Decline

Main reason behind such sharp drop is all thanks to whales who decided to quickly sell off all their tokens. According to a report, between November 14 and 17, the amount of OM being bought and sold fell by 54%, this leads to a drop in the token’s price.

Plus, whales are making big moves with OM, $1.3M went to Binance and $534K to OKX. Furthermore, even more OM tokens are set to be sold as every major owner is hitting exchanges. To be accurate, there’s $1.2T worth of OM chilling on exchanges right now.

OM’s Rally is Still Positive

However, despite this price pullback if we compare it from a year ago, it has risen by nearly 20,000%. It holds the market cap of over $3.8 billion. This rally started back when Mantra hyped a big announcement, but there’s no saying where it will go from here as with 10% more OM on exchanges (17.8% total), an overbought situation is undeniable.

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Semlar Scientific Buys 215 Bitcoin, Raises $21.5M via Equity Offering

Summary: Semlar just few days ago bought some BTC and again it had bought 215 and has expanded its Bitcoin Holdings to 1273 BTC, this astonishing amount is valued at $114M, while it has managed to raus $21.5M thorough equity offering. This move has improved its reserve as BTC trades at $90,400.

Semler Expands Bitcoin Holdings

Semler Scientific is a medical equipment company and has ventured into the crypto space and purchases an additional 215 Bitcoin between a short period of Nov. 6 and Nov, 15 for $17.7M, averaging $82,502 per BTC. This has again drastically increased its total holding to 1,273 BTC, according to recent press release. Since Bitcoin has unreal momentum which is breaking all limit and current trading price of $90,400 gives the company’s holdings a value of $114M.

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Equity Offerings Supports Strategy

Semler raised a high amount of $21.5M through an at-the-market offerings with Cantor Fitzgerald, this could happen because they sold 505,544 shares to fund its Bitcoin purchases and operational goals. The company uses a special metric system widely called BTC yield to track its strategic success and as per the provided data, BTC yield reached 37.3% from July 1 to Nov. 15.

A Strategic Hedge

Semler’s also using the same strategy other companies like MicroStrategy used and it goes hand to hand with its view of BTC as an inflation resilient asset. This company along with several other companies growing crypto treasury shows broader trend amongst corporations and institutions embracing Bitcoin as a reserve asset.

MicroStrategy Hits 331,200 BTC in Holdings with $4.6B Buy

Summary: MicroStrategy didn’t just invest on Bitcoin but now had gone deep into the crypto rabbit hole and bought itself $4.6 Billion worth of BTC making it’s total holding to over 331,200 BTC which is a very very aggressive approach to cryptocurrency by any company.

A Massive BTC Purchase

This move of buying insane amount of BTC was announced on Nov.18, which positions the company as the largest corporate Bitcoin holder globally with some unrealized profits exceeding over $13 billion which is yet another absurd amount. MicroStrategy purchased 51,780 BTC at an average price of $88,627 per coin with total expenditure of $4.6 billion.

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Saylor’s Bold Strategy

Michael Saylor is a madman to some and a Crypto genius to some, he launched his BTC investment strategy in 2020, and ever since the announcement, the strategy has become the central core piece to MicroStrategy economic and financial approach. This company alone has manage to spent a huge amount of $16.5 billion on BTC and still plans to raise $42 billion more for further acquisitions in the next three years.

Industry-Wide Impact

MicroStrategy is now playing a role of a role-model for other companies like Semlar Scientific and AI firm Genius Group, to take and adopt BTC as a treasury asset.

Polish Minister Pledges Bitcoin Reserve for a Crypto-Friendly Future

Summary: We’ve already talked about 2 companies and even states of U.S. moving forward in technology and bringing crypto into their reserves, and now Polish minister Slawonir Mentzen also plans to follow the steps of those pervious cases and plans to establish a Bitcoin reserve and make sure Poland becomes a global Crypto Sensation and leader If he’s elected president in 2025.

Mentzen’s Vision for Poland

Slawomor Mentzen very eagerly and excitedly said how he wants to make Poland a hub for cryptocurrency innovation, backed by friendly policies and infrastructure. His statement regarding bitcoin reserve started as a response to crypto advocacy suggestions and he seems to be fully commited to creating a national Bitcoin reserve which is designed after the Satoshi Action Fund framework.

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A Track Record of Innovation

Mentzen isn’t new to suggesting blockchain’s involvement in governance as he also proposed mining Bitcoin in municipal buildings in his 2018 mayoral campaign. This plan of his was dismissed sadly for all Polish cryto enthusiast but now with Bitcoin nearing $100,000, his forward thinking approach has managed to gain a lot of eyes on him.

Global Implications

This proposal by Mentzen aligns globally with international trend, mostly goes parrel to U.S. President-elect Donald Trump’s promise of a strategic Bitcoin reserve. Experts on this field suggest and believe such move might spark a digital war, as nations race amongst each other to secure BTC as a reserve asset, which sounds like a doubled edge sword.

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Nepal Warns Citizens Amid Rising Crypto Scam Cases

In short, Nepal’s FIU warns about rising crypto scams despite the trading ban. The ban didn’t stop criminals as they have been actively using crypto for money laundering and some fake investment schemes trap locals using social media. Plus, fear of reporting such issues worsens the issue even further, with 64% of fraud being cyber-related. But they are making progress as just recently FIU is calling for stricter monitoring, better training, and updated fraud laws.

Financial Intelligence Unit (FIU), a branch of Nepal Rastrya Bank that generally deals with monitoring and analyzing financial transactions to combat financial crimes has raised several alarms over the growing use of cryptocurrencies in cybercrimes. Firstly, trading on any crypto related token is completely banned in Nepal yet such trading is done in money laundering and other financial crime so this case goes deeper than regular crypto related crimes.

FIU Warns of Rising Crypto Fraud in Nepal

On a “Strategic Analysis Report” reported on November 18, FIU gave especial focus on increase in criminals using crypto to launder illicit funds. These fraudsters convert their illegal earnings into crypto tokens which makes it very difficult for authorities to trace and recover the money. Blockchain is supposed to be safe and not be untraceable but in its banned nationwide. Plus their ability to transfer cryptocurrency to offshore accounts seamlessly further complicates matters.

Fraudsters using crypto to lure in victims is increasing a lot lately, they run their business by running  investment schemes targeting citizens through social media and online ads. These schemes are generally eye catching and promise high returns, drawing unsuspecting victims. Plus the illegality of crypto trading makes reporting such acts publicly embarrassing for the government which has led to suppressing the news and as a result, has created even more victims.

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FIU Proposes Tighter Crypto Monitoring to Fight Fraud

FIU is pushing for tougher crypto transaction monitoring and better training for banks to spot any ongoing suspicious activity. They’re also calling for stronger teamwork between agencies and updated fraud laws. Nepal has shared its concerns globally, with South Korea even set to require businesses to report cross-border crypto transactions to the Bank of Korea.

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Consensys’ Joe Lubin Launches Platform for On-Chain Sovereignty Declarations

Joe Lubin who’s also CEO of Consensys has just introduced a linea-based platform allowing users to declare personal sovereignty on-chain. This man, Lubin and his company knew that this start supports the decentralized government system and personal autonomy by enabling individuals to affirm commitments like data privacy and economic control.

A Platform for On-Chain Sovereignty

Joe Lubin found a way to unveil sovs.xyz on Nov,15 where every second news of crypto is about Bitcoin. This sovs,xyz is a new layer-2 blockchain on Consensys’ Linea. This platform sounds and seems amazing and fantastic as it allows user to make cryptographically-secured declarations of personal sovereignty in wide wide areas such as technological freedom, data privacy and environmental responsibility.

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Advancing Decentralized Digital Life

Lubin very boldly and proudly claims that this projects is a part of ” progressive prudent decentralization” rally. The very essence and existence of is described to be the one which empowers people to claim personal autonomy while also advertising transparency and self-governance.

Toward Network States

This initiative goes hand to hand with Consensys’s objective to establish “network states”. The company defines network states as decentralized communities with their own separate rules and governance which seems enticing at sight but is it any better than current system ? We have yet to know the answer to this.

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Binance Margin Expands with New USDC Trading Pairs

Latest news: Binance Margin now offers new USDC trading pairs for all Cross and Isolated Margin. This has made it way easy to diversify portfolios and tweak different trading strategies. Now users can stay relaxed and remain informed on margin limits and risks while enjoying more stablecoin options. As always, trade smart and know the risks!

Binance, a leading global cryptocurrency that is known for its wide range of trading services, including spot, margin and futures trading and plus innovative ideas for financial products and solutions for users worldwide, has made a huge announcement about the addition of new USDC trading pairs on its Margin platform. This addition is specifically for Cross and Isolated Margin options. This move will possibly enhance the trading  experience largely by offering more choices for portfolio diversification and flexible trading strategies, according to Binance.

Fresh USDC Pairs, More Wins

USDC pairs, the fresh drop by Binance Margin will give traders way more space to work with and give more ways to diversify, flex their strategies and adapt to market moves. It’s all about levelling up options and making trades smoother for everyone.

However there are some important considerations to be taken, users need to consult the updated list of marginable assets and familiarize themselves with specific limits, collateral ratios, and rates on the Margin Data page. Also note whether the original English content and translations are trustable. Users are highly recommended to use the English version if possible.

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About USDC: Stablecoin You Can Trust

USDC is a stablecoin that is backed by US dollar, issued by the Circle. It keeps its value steady, and holders can cash it out 1:1 anytime. Its absolutely perfect for staying liquid and secure even when the crypto scene is getting wild.

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NEAR Surges 42%, Nearing $20 Mark with Deutsche Telekom’s Support

NEAR’s price has managed to pop by over 42% this week. This recent pop led the token to near a $20 mark which is also said to be highly assisted by the involvement of Deutsche Telekom as a validator. This collab also overall boosted blockchain adoption hype. It currently holds a $1.6B trading volume and solid support at $2.74. Analysts are predicting NEAR hitting $15-20 in 3-6 months.

NEAR protocol is on a bullish ride right now and the momentum doesn’t seem to slow down any time soon. Over just past seven days, this token has managed to surge by over 42%. Coincidently so, they had made a massive collaboration with a German Telecommunications firm  Deutsche Telekom, which was said to support NEAR protocol in coming days.

Read more about their partnership: Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

In short, NEAR’s like the ultimate plug-and-play blockchain for building DApps that can handle millions of users while, Deutsche Telekom is all about decentralization and keeping your data yours, so this collab just vibes perfectly.

While this partnership was buzzing all over with good vibes, the token still dipped by 5% in the past 24 hours. landing at $5.16, but no biggie as graph shows it is still up by 42% this week. Trading volume also hit a wild $1.6B, meaning investors are all over it. NEAR’s overall market cap is now $6.2B, with $1.2B tokens circulating.

The charts are giving traders a lot of information, at the fire support level of $2.74, buyers continue to intervene. On the other hand, NEAR needs to break beyond the $6.20 barrier in order to make more money. According to analysts, if it breaks that, it might soar to $15–$20 within the following three to six months.

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ADA Jumps More Than 21% After Hoskinson Drops Exciting Hint

ADA price just shot up by 21% and hit $0.75 all thanks to Charles Hoskinson. His mysterious meetings with Elon Musk’s SpaceX team is the reason behind this surge. With a 70% weekly gain, ADA’s market cap is over $26.5B. To add fuel to the fire, Cardano’s growth and Hoskinson’s comments are constantly backing it up.

ADA is a native cryptocurrency of Cardano, which is a well known decentralized platform designed especially for building smart contracts and dApps (decentralized applications). It was founded by Charles Hoskinson, one of Ethereum’s co-founders, and he has been attending mysterious meetings with Elon Musk’s SpaceX team. Many speculate this to be the main reason behind this sudden surge of ADA token.

This token from Cardano has skyrocketed over 21% in just 24 hours, which led it to ultimately reach $0.75. This mark wasn’t taken since March. Now with their weekly gain nearing 70%, ADA’s market cap has exceeded $26.5 billion and its by a massive 24-hour trading volume of nearly $5.8 billion.

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This surge is all thanks to Charles Hoskinson’s cryptic vibes. In a video posted on X, he teased a recent visit to SpaceX to chat with Elon Musk’s crew themselves. While the deets are still locked behind an NDA, he has already dropped hints about some major moves, sending the Cardano fam wild.

This hype about Cardano growth is real and Hoskinson is keeping the optimism high by constantly calling the Cardano community the best. Looks like ADA’s momentum is only picking up as we wait for more drops!

Kaixin Eyes Crypto Mining Expansion Amid Bitcoin’s All-Time High

Summary: Kaixin which is a Chinese EV making company, it aims to shift from it’s actual core business of automobile and plans on controlling stake in Middle Eastern Cryptocurrency mining facility. This project is severely beneficial for Kaixin from sectors such as cost-effective mining machines and stable energy supplies which perfectly aligns with Kaixin’s expertise in sustainable practices.

Strategic Shift for Kaixin

Kaixin isn’t a rookie name in terms of automobile companies and for which Electric Vehicle Manufacturer to shift from it’s major path and step on to this unventured territory is a big risk, but will it also return back at them with big rewards? The company us in advanced talks to acquire a Middle Eastern mining facility, by showing their sustainable background and it’s super and real easy access to stable energy and cost-efficient Bitcoin mining machines as key advantages.

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Leveraging Expertise in Sustainability

Many people believe that Kaixin took this initiative because it always had expertise in sustainable operations. The company aims to make a good use of it’s expertise while continuing to maintain it’s actual and core focus on automobile excellence.

Riding the Crypto Wave

This move came after Bitcoin hit it’s all time high and is still on a rampage streak, this pushed the global crypto cap beyond $3 trillion. Kaixin’s choice of vividly shifting it’s major focus to crypto must have been an affect of BTC’s recent success. The acquisition timeline remains unclear as evaluations continue.

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