S-N-Yousafi

AI Summary
My First Bitcoin refocuses on global education after ending its local partnership, aiming to impact billions worldwide.
According to Cointelegraph, My First Bitcoin, an educational program based in El Salvador, has concluded its partnership with the country's Ministry of Education. The organization will now pivot from conducting local classes to supporting global Bitcoin education efforts. Having educated over 27,000 students in El Salvador about Bitcoin (BTC), the program aims to extend its reach by providing open-source materials and training tools to educators and community projects worldwide.
In a statement released on Friday, My First Bitcoin announced the closure of its physical office in El Salvador and the transition to a fully remote work model. Founder John Dennehy expressed the organization's ambition to expand its impact from a national to a global scale, stating, "Our ambition was always to change the world, but we had to start with a single student, then a single city, then a single nation and now we are ready to raise the potential impact from 6 million people to 8 billion." Established in 2021 by American activist and journalist John Dennehy, My First Bitcoin initially provided free Bitcoin education to Salvadorans. In 2023, it partnered with El Salvador’s Ministry of Education to integrate its Bitcoin Diploma program into public schools by 2024.
This development occurs as El Salvador reassesses its Bitcoin policies following a recent agreement with the International Monetary Fund (IMF). El Salvador adopted Bitcoin as legal tender in September 2021 and began accumulating one Bitcoin per day shortly thereafter. However, in December 2024, the country secured a $1.4 billion financing agreement with the IMF, which included commitments to scale back its Bitcoin initiatives, thereby limiting its BTC accumulation plans. As part of the agreement, lawmakers amended the country's Bitcoin law in January to make BTC acceptance voluntary for businesses.
In July, the IMF released a report indicating that El Salvador had not purchased any new Bitcoin since the December agreement. Despite this, the El Salvador Bitcoin Office’s website continues to display records of the government’s recurring Bitcoin purchases, with holdings amounting to 6,374 BTC, valued at approximately $654.8 million at the time of reporting.
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AI Summary
According to Cointelegraph, My First Bitcoin, an educational program based in El Salvador, has concluded its partnership with the country's Ministry of Education. The organization will now pivot from conducting local classes to supporting global Bitcoin education efforts. Having educated over 27,000 students in El Salvador about Bitcoin (BTC), the program aims to extend its reach by providing open-source materials and training tools to educators and community projects worldwide.
In a statement released on Friday, My First Bitcoin announced the closure of its physical office in El Salvador and the transition to a fully remote work model. Founder John Dennehy expressed the organization's ambition to expand its impact from a national to a global scale, stating, "Our ambition was always to change the world, but we had to start with a single student, then a single city, then a single nation and now we are ready to raise the potential impact from 6 million people to 8 billion." Established in 2021 by American activist and journalist John Dennehy, My First Bitcoin initially provided free Bitcoin education to Salvadorans. In 2023, it partnered with El Salvador’s Ministry of Education to integrate its Bitcoin Diploma program into public schools by 2024.
This development occurs as El Salvador reassesses its Bitcoin policies following a recent agreement with the International Monetary Fund (IMF). El Salvador adopted Bitcoin as legal tender in September 2021 and began accumulating one Bitcoin per day shortly thereafter. However, in December 2024, the country secured a $1.4 billion financing agreement with the IMF, which included commitments to scale back its Bitcoin initiatives, thereby limiting its BTC accumulation plans. As part of the agreement, lawmakers amended the country's Bitcoin law in January to make BTC acceptance voluntary for businesses.
In July, the IMF released a report indicating that El Salvador had not purchased any new Bitcoin since the December agreement. Despite this, the El Salvador Bitcoin Office’s website continues to display records of the government’s recurring Bitcoin purchases, with holdings amounting to 6,374 BTC, valued at approximately $654.8 million at the time of reporting.
#BinanceHODLerMMT $BNB

AI Summary
According to Cointelegraph, Bitcoin's mining sector is experiencing significant challenges as the hash price, a crucial profitability metric, approaches levels that could potentially force smaller operators offline and impact the broader supply chain. The hash price, which indicates the expected daily revenue per unit of computational power, is currently around $42 per petahash per second (PH/s), having steadily declined from over $62 per PH/s in July. This downward trend is pushing Bitcoin mining operations, already grappling with narrow profit margins, to contemplate shutting down their rigs.
The decline in hash price is also affecting the mining supply chain, with hardware providers receiving fewer orders from struggling miners. These providers are also experiencing losses on any Bitcoin-denominated sales due to the price drop following the October market crash. In response, some mining hardware manufacturers, such as Bitdeer, have resorted to self-mining to compensate for the reduced demand for mining machines. The combination of razor-thin profit margins, high capital expenditure on hardware upgrades, and rising energy costs has prompted many Bitcoin miners to pivot towards AI and high-performance computing data centers to sustain revenue as Bitcoin mining becomes increasingly competitive.
Bitcoin miners face the inevitability of having their rewards halved every four years during the Bitcoin halving, as the computational power and electricity required to mine blocks continue to rise. The Bitcoin network's hashrate has surpassed 1 zetahash per second (ZH/s), reflecting the growing complexity of mining operations. Initially, in 2009, the block reward for successfully mining a block was 50 BTC, with node runners using CPUs on personal computers. However, following the April 2024 halving, the BTC block reward decreased to 3.125 BTC, necessitating the use of specialized mining hardware known as application-specific integrated circuits (ASICs) for BTC mining.
These challenging economic conditions have compelled many miners to diversify into adjacent AI data center and compute businesses, which have proven lucrative. In October, Cipher Mining secured a $5.5 billion agreement with tech giant Amazon to provide compute power to Amazon Web Services over a 15-year period. Similarly, IREN, a Bitcoin mining company, signed a deal with Microsoft in November to offer GPU computing services valued at $9.7 billion. These strategic shifts highlight the evolving landscape of the Bitcoin mining industry as it adapts to the pressures of declining profitability and increasing competition.
#BinanceHODLerSAPIEN $ETH

Altcoins News: Internet Computer (ICP) Breaks Out Above $7.00 with 34% Surge as Volume Triples
AI Summary
Key Takeaways
Internet Computer (ICP) surged 34% to $7.02, marking its strongest daily rally in months.
The breakout above $7.00 resistance confirmed a bullish technical reversal and established new support near $6.95–$7.00.
Trading volume jumped to 19.57 million tokens, about 288% above the 30-day average, underscoring strong conviction.
Analysts now eye $7.25–$7.40 as the next potential upside targets if the current trend holds.
ICP Confirms Bullish Breakout as Volume Surges Nearly 3x
Internet Computer (ICP) extended its sharp recovery on Thursday, soaring 33.99% to $7.02 in a decisive breakout move that reestablished bullish control of the market. The surge took ICP above the psychological $7.00 resistance level, which now serves as a critical short-term support zone.
The move came amid heightened volatility across the broader crypto market, with ICP diverging from sector weakness to deliver one of its strongest daily performances since mid-2024. According to CoinDesk Research’s technical analysis model, the breakout reflects a renewed wave of momentum buying rather than a temporary speculative spike.
Volume Spike Confirms Trend Strength
Trading activity surged dramatically, with 19.57 million ICP tokens exchanged — nearly three times the 30-day average. The most aggressive price action occurred between 14:00 and 17:30 GMT, when ICP vaulted from $6.40 to $7.18, a 12% intraday rally supported by expanding participation and accelerating momentum indicators.
The volume-driven nature of the move suggests broad-based interest from both institutional and retail participants. Analysts note that when breakouts occur on elevated volume, they often signal sustained follow-through rather than exhaustion.
Short-Term Outlook: Support at $6.95–$7.00, Next Target $7.40
Technically, ICP’s ability to hold above $6.95–$7.00 will be key to confirming this move as a durable trend shift. A successful retest of the breakout zone could pave the way for a continued advance toward $7.25–$7.40, where the next resistance cluster resides.
Momentum indicators, including the Relative Strength Index (RSI) and moving average convergence patterns, remain bullish but elevated, suggesting that a brief consolidation phase could occur before the next leg higher.
If the broader crypto market stabilizes, ICP could emerge as one of the cycle’s early recovery leaders, given its strong structural base and positive divergence against peers.
#BinanceHODLerMMT $BNB

AI Summary
Key Takeaways
Internet Computer (ICP) dropped nearly 25% after peaking above $6.50 on Tuesday.
Profit-taking and volatility erased much of its earlier 64% surge.
Trading volume spiked to 20.48 million tokens — over 4x its 30-day average.
ICP now consolidates near $5.00, with key support at $4.77 and resistance around $5.20–$5.40.
ICP Pulls Back After Major Rally Above $6.50
Internet Computer (ICP) experienced a sharp correction on Wednesday, falling to about $5.17 after a major rally earlier in the week. The decline represents a nearly 25% drop from its recent high as traders took profits following a rapid, 64% surge that lifted the token above $6.50.
According to CoinDesk Research’s technical data model, ICP’s Tuesday rally shattered multiple resistance levels before reversing during the European morning session. The correction reflects both intense profit-taking and broader caution across the altcoin market.
Trading Volume Surges 400% Above Average
Trading activity remained exceptionally high, with 20.48 million ICP tokens exchanged — about 418% above the 30-day average. This spike in volume highlights heightened market participation and rapid intraday swings between $4.77 and $6.35.
Analysts note that such trading patterns suggest both speculative activity and ongoing institutional engagement, even amid heightened volatility.
Technical Outlook: Support at $4.77, Resistance Near $5.40
Technically, ICP is stabilizing above a key support zone around $4.77–$4.80, which has repeatedly attracted buyers over recent sessions. Resistance now forms between $5.20 and $5.40 — areas where past rallies have met selling pressure.
A decisive break above this resistance range could renew bullish momentum and retest the $6.00–$6.50 region. Conversely, a drop below $4.77 would risk a deeper correction toward $4.50.
Broader Market Context
ICP’s volatility mirrors broader crypto market trends this week, where profit-taking and uncertainty have capped recent rallies. Despite the retracement, the token remains one of the better performers among large-cap altcoins, with strong liquidity and continued institutional trading interest signaling potential for renewed momentum, according to CoinDesk.#CryptoIn401k

AI Summary
Key Takeaways
Bitcoin rebounded to around $103,900, up 1% in early Wednesday trading after testing the $99,000 support level.
Ether climbed 2% to $3,435 following a steep 20% slide over the previous 48 hours.
The CoinDesk 20 Index rose 2.2% since midnight UTC, though altcoins remain broadly lower.
Privacy tokens like Monero (XMR) continue to outperform, rising 7% amid broader market weakness.
Bitcoin Holds Above $103K After Two-Day Sell-Off
After a sharp sell-off earlier this week, the crypto market is showing tentative signs of stabilization. Bitcoin (BTC) recovered to $103,876, rising roughly 1% since midnight UTC, after briefly dipping below $100,000 — its lowest level since June. Analysts note that BTC must continue to hold the $99,000 support zone to avoid renewed downside pressure.
Meanwhile, Ether (ETH) bounced 2% to $3,435, regaining some ground after its steepest two-day decline in three months. Despite the rebound, sentiment remains fragile, and traders are watching how the strengthening US dollar might affect risk assets in the days ahead.
Altcoins Still Lag as “Mini Altcoin Season” Fades
The broader altcoin market continues to underperform Bitcoin, with several major tokens erasing gains from earlier this year. The average crypto Relative Strength Index (RSI) now stands at 38, indicating oversold conditions.
Despite widespread weakness, privacy tokens remain a notable exception. Monero (XMR) rose 7% on Wednesday, extending a month-long uptrend that has seen it outperform most large-cap peers. In contrast, Decred (DCR) and Zcash (ZEC) cooled off slightly but remain higher on a 30-day basis.
Derivatives Market Shows Caution as Leverage Declines
In the derivatives market, traders are showing caution after recent volatility. Open interest (OI) in Bitcoin futures fell from $26 billion to $25.3 billion, reflecting reduced leverage despite Bitcoin’s higher year-over-year price.
The three-month annualized basis remains subdued around 3–4%, signaling limited appeal in the basis trade. Funding rates across major exchanges are low (4–9% annualized), underscoring a lack of strong directional conviction.
Bitcoin options data show elevated implied volatility (IV) across all expiries, suggesting traders expect heightened price movement in the near term. The 24-hour put-call ratio stands at 58–42 in favor of calls, signaling a mild bullish bias among options traders.
Liquidations Ease But Market Remains Sensitive
Recent price swings were amplified by leveraged unwinds, with $1.7 billion in liquidations over the past 24 hours — 76% from long positions. Ether (ETH) led losses with $572 million liquidated.
Average long liquidations over the past two days totaled $1 billion, significantly above the seven-day average of $620 million, confirming forced selling as a major driver of recent volatility. Analysts note that near-term resistance for Bitcoin sits at $102,500, where $124 million in potential liquidations could trigger renewed pressure.
Relief Rally or Prolonged Consolidation?
Traders are watching whether Bitcoin can sustain its rebound above $103,000, with $99,000 and $3,100 remaining key support levels for BTC and ETH respectively. If these levels hold, a short-term bounce could extend across the market.
However, continued dollar strength and cautious derivatives positioning may limit upside momentum. Altcoins remain vulnerable to further declines due to low liquidity and skewed leverage structures, though deeply oversold conditions suggest a possible relief rally ahead.
#APRBinanceTGE $SOL

Crypto News Today: Bitcoin Rebounds Above $104K as Ether and Altcoins Recover; Futures Show Market Caution
AI Summary
Key Takeaways
Bitcoin climbed back above $104,000, rebounding from its first drop below $100,000 since June.
Ether (ETH) recovered to $3,460, up nearly 3% as traders eye support near $3,100.
Over $1.7 billion in crypto positions were liquidated in the past 24 hours, mostly from long traders.
The broader market remains cautious as futures data show reduced leverage and mixed sentiment.
Bitcoin Reclaims $104K After Sharp Sell-Off
After falling below $100,000 for the first time since June, Bitcoin (BTC) rebounded above $104,000, trimming losses from a 20% correction off its October peak near $126,000. The broader crypto market, as tracked by the CoinDesk 20 Index (CD20), fell 2.6% over the past 24 hours but remains up slightly in early Wednesday trading as investors digest recent volatility.
Data from CoinGlass show more than $1.7 billion in crypto positions were liquidated over the past 24 hours, with long traders taking the bulk of losses. Despite the sell-off, BTC’s 50-week simple moving average — near $103,000 — continues to act as a key support level that has historically underpinned longer-term recoveries.
“Liquidity remains thin, especially in smaller altcoins, which explains the outsized negative price action as markets unwind,” said Jasper De Maere, OTC trader at Wintermute. He added that the weakness reflects ongoing digestion of October’s liquidations, a “slightly more hawkish Fed tone,” and risk-off sentiment across global assets.
Market Sentiment Improves but Volatility Persists
The Crypto Fear and Greed Index now sits in the “fear” zone, reflecting reduced confidence after Tuesday’s steep decline. Analysts note that sentiment may stabilize if Bitcoin continues to consolidate above $103,000 and the US dollar’s recent strength begins to fade.
The US government’s reopening and potential progress on crypto legislation are seen as mild near-term positives that could help restore confidence. However, traders remain cautious given recent macro headwinds and thin liquidity conditions.
Ether and Altcoins Recover as Traders Rotate Back Into Majors
Ether (ETH) regained footing at $3,460, up 3% in the past 24 hours after dropping nearly 20% earlier in the week. Still, traders warn that ETH must maintain support near $3,100 to avoid triggering another wave of liquidations.
The altcoin market remains fragile, with several tokens having retraced their entire July–August rallies. Despite this, privacy-focused assets like Monero (XMR) continue to outperform, rising 7% on Wednesday. The Balancer (BAL) token, hit by a $128 million DeFi hack earlier in the week, has stabilized but remains under pressure as security concerns weigh on DeFi sentiment.
Futures Market Shows Reduced Leverage and Defensive Positioning
The Bitcoin futures market continues to show signs of caution. Open interest (OI) declined to $25.3 billion from $26 billion last week, indicating that traders are cutting leverage amid heightened volatility. The three-month annualized basis remains around 3%–4%, suggesting muted appetite for carry trades.
Funding rates across major exchanges remain low (4–9% annualized), and implied volatility (IV) is elevated across near-term expiries. Despite the turbulence, options data reveal a mild bullish bias, with the put-call ratio leaning 58–42 in favor of calls.
Technical Support and Macro Watchpoints
Bitcoin’s ability to defend its 50-week moving average near $103,000 will be crucial for determining near-term direction. A sustained break above $105,000 could open the path toward retesting $110,000, while a drop below $99,000 would risk renewed selling pressure.
Altcoins remain vulnerable due to thin liquidity, but oversold readings suggest that a short-term rebound could emerge if Bitcoin holds current levels. Traders are watching upcoming macro data and Federal Reserve commentary for clues on whether the recent volatility marks a temporary shakeout or a deeper market reset.
#CFTCCryptoSprint

Bitcoin's Market Faces Pressure Amid Rising Losses
AI Summary
According to Cointelegraph, the ongoing correction in Bitcoin (BTC) has resulted in approximately 33% of its total circulating supply being held at a loss, a level not seen since September 2024. While this may seem concerning, historical data suggests that such phases often indicate seller exhaustion rather than a complete market collapse. This concentration of unrealized losses has historically marked pivotal points in previous bullish cycles, typically forming when liquidity stress peaks and most sellers have already acted, allowing the market to structurally reset.
Short-term holders are experiencing intensified loss-making activity, with the seven-day short-term holder Spent Output Profit Ratio (SOPR) currently at 0.9904. This metric, which measures whether coins moved onchain were sold at a profit or loss, indicates that most coins are being sold at a loss, reflecting growing pressure from short-term traders. The SOPR’s Z-score, which assesses how current readings deviate from historical norms, is at −1.29, suggesting moderate selling pressure. In comparison, during the August 2024 correction, the indicator fell to 0.9752 with a Z-score of −2.43, marking a deeper phase of capitulation.
The market appears to be caught between patience and capitulation. If prices remain under pressure, long-term holders might start taking profits to protect their gains, while newer investors may sell once they recover their costs, potentially limiting rebounds. However, if fear reaches an extreme and selling pressure diminishes, these conditions could help form a durable bottom and reset sentiment for the next accumulation phase.
From a momentum perspective, Bitcoin’s market structure seems oversold, yet historical patterns indicate that recovery often follows a period of consolidation rather than an immediate reversal. A significant buildup of short positions in the futures market could also fuel a rebound if prices stabilize soon. Technically, Bitcoin continues to follow the pattern forecast in Cointelegraph’s mid-October analysis, where BTC was projected to retest the $103,500–$98,100 order block, a key demand region. A daily close below $98,100 would invalidate this setup and expose the yearly open near $93,500. While recovery may take time, stable consolidation between $98,000 and $103,000 could lay the groundwork for a gradual rebound by year-end.
#SolanaETFInflows $XRP

According to Cointelegraph, discussions regarding the digital asset market structure bill are ongoing in the U.S. Senate, despite the longest government shutdown in the nation's history. Republican Senator John Boozman, a member of the Senate Agriculture Committee, is set to discuss the legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. This conversation is part of efforts to finalize a discussion draft of the bill, which is anticipated to be a pivotal piece of legislation for the crypto industry during the current congressional session.
Initially approved by the House of Representatives in July, the bill was expected to pass in the Senate with bipartisan support. However, the process has been complicated by Democratic demands for provisions concerning decentralized finance protocols and the ongoing government shutdown, which has reached its 36th day. It remains uncertain whether Senate lawmakers will prioritize crypto legislation over a funding bill needed to reopen the government and restore full operations to financial agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Following recent Democratic victories in Tuesday's elections, some senators, including Chris Murphy, have advocated for maintaining pressure on Republican lawmakers to support extending healthcare subsidies and reversing cuts from a July funding bill. North Carolina Senator Thom Tillis, a Republican, indicated that lawmakers have until early next year to pass the crypto legislation before the 2026 midterm elections complicate the process further. Meanwhile, Wyoming Senator Cynthia Lummis, a sponsor of the market structure bill, initially aimed to have the legislation signed into law by the end of the year, a goal now appearing less feasible due to the shutdown.
At Ripple’s Swell conference in New York City, Patrick Witt, executive director of U.S. President Donald Trump’s Council of Advisors for Digital Assets, acknowledged that the government shutdown has introduced challenges to the market structure discussions. While the lack of meetings during the shutdown has allowed for increased engagement among lawmakers, the absence of technical expertise from furloughed agency staff has posed difficulties in evaluating the bill. Despite these hurdles, efforts continue at the staff level to secure the necessary votes in committee to advance the legislation.
#PowellRemarks $SOL

According to Cointelegraph, the United Kingdom's High Court of Justice delivered a mixed verdict on Tuesday in the intellectual property case between Getty Images and Stability AI, filed in 2023. The ruling largely favored Stability AI but left unresolved questions regarding the use of copyrighted material by artificial intelligence. Getty Images, which licenses its extensive library of copyrighted stock images for a fee, accused Stability AI's Stable Diffusion model of infringing on its trademark and copyrighted content. The court found that the AI model did infringe on Getty's trademark by reproducing its watermark in certain instances. However, Justice Joanna Smith noted that these findings were "extremely limited in scope."
Justice Smith ruled that Getty Images failed to demonstrate that any UK users employed Stable Diffusion to reproduce the watermark, a requirement under UK law to establish "primary infringement." The court also dismissed the "secondary infringement" claim, as the AI model does not store or reproduce the images, thus not meeting the criteria for a violation under the UK's Copyright, Designs and Patents Act (CDPA) of 1988. Smith stated that while an "article" may be intangible under the CDPA, an AI model like Stable Diffusion, which neither stores nor reproduces any Copyright Works, does not constitute an "infringing copy," and therefore, no infringement occurs under sections 22 and 23 of the CDPA.
The ruling suggests that while brands may still protect their trademarks from AI reproduction, the specificities of this case prevent it from setting a broad legal precedent. This leaves significant questions about AI training and intellectual property open for further discussion. In a related development, U.S. judge William Orrick issued a similar ruling in October 2023, dismissing most copyright infringement claims against Midjourney AI, DeviantArt, and Stability AI. Orrick concluded that images generated by AI models do not constitute copyright infringement as they do not closely resemble the original works on which the models were trained.
The absence of robust legal protections for content creators and artists has led several blockchain and Web3 companies to develop data provenance solutions to record ownership and verify sources of information, copyrighted material, and other intellectual property. These solutions include non-fungible tokens (NFTs), which can track original ownership and assign royalty rights for various creative works, such as art, essays, books, and musical productions.
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