Cango Mined 569.9 $BTC in December, a 56% Increase from November’s 363.9 $BTC
Cango, a China-based 🇨🇳 company, currently holds 933.8 $BTC . Formerly known for its automotive financing and car trading business, the company has shifted its focus to Bitcoin mining.
$BTC Investing in Bitcoin at $92,000 and holding for the next 8 months could be one of the most important decisions of 2025. With its long-term growth forecast, growing institutional adoption, and potential upside due to its scarcity, Bitcoin ($BTC )continues to assert its position as the leading store of value.
However, always remember that the cryptocurrency market is very volatile. Risk management and investing based on thorough research are the keys to success.
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Tonight’s Minting Event for Degn NFTs: Bullish News for $DEPIN Holders
At 9 PM tonight, Degn will open the mint for its NFT, marking a significant event for $DEPIN holders. Here’s why this is great news: 1. Buyback Plan: The team plans to use the profits from selling the hardware (the “machines”) to buy back $DEPIN tokens on the market. These tokens will then be airdropped to machine owners. 2. Upcoming TGE on Hyperliquid: It’s highly likely that $DEPIN token generation event (TGE) on Hyperliquid will happen soon, potentially this week. This aligns with the interaction between the machines and the tokens as previously announced.
Details on the NFT Minting Event • Price: 2.69 $SOL per machine. • Features: The machine functions as a hardware wallet with a screen and buttons for long/short operations. • Airdrops: $DEPIN will be airdropped to machine holders, and there are predictions of additional rewards from Berachain and Gmove. • Minting: • Requires a whitelist (first come, first serve). • Limited to 1,696 machines. • After minting, complete a form to ship the machine to Vietnam.
Market Outlook for $DEPIN
For those looking to increase their holdings: • It’s unlikely $DEPIN will return to its 5M valuation after listing. • If listed below 10M, it’s a strong buy opportunity. • A quick sell-out of the mint would signal bullish sentiment and potentially push $DEPIN’s valuation higher.
The team is aligning well with current market trends by avoiding inflated listing caps and adopting a fair play approach with low caps and community-focused growth.
I’ll review the machine when mine arrives and share updates with everyone!
Yuxing Technology Acquires 78.2 Bitcoin at an Average Price of $80,960
Yuxing Technology, a company listed on the Hong Kong Stock Exchange 🇭🇰, has announced the purchase of approximately 78.2 Bitcoin between July 25 and December 31, 2024. The total investment amounts to $6.3 million, with an average acquisition price of $80,960 per $BTC .
This move signals the company’s strategic interest in Bitcoin, showcasing its confidence in the cryptocurrency despite its volatility.
Trader Nicholas Merten: “Bitcoin Will Have a Big Crash in the Next 2 Weeks”
Bitcoin Crash Warning in Two Weeks – Target Below $80,000? Popular cryptocurrency analyst Nicholas Merten has issued a striking warning about Bitcoin, predicting that the coin could face a major crash within the next two weeks. 💥Worrying Price Drop Forecast In his latest video on the DataDash channel, which has over 510,000 followers, Merten said Bitcoin is currently hovering around $94,000, but technical signals and macro indicators all point to the possibility of a sharp correction. ''Not onl
Tether Buys $705 Million in Bitcoin, Expanding Its Strategic Reserve
Tether, the issuer of USDT, bought 7,629 $BTC worth $705 million, marking the largest Bitcoin transaction since March 2024. The Bitcoin was transferred to Bitfinex's hot wallet, reinforcing Tether's strategy of diversifying its reserves with digital assets, according to data from Lookonchain. Increase Bitcoin holdings Tether's Bitcoin reserves reached 82,983 BTC ($7.68 billion), purchased at an average price of $36,125/$BTC . Tether has pledged to reinvest 15% of its profits into Bitcoin from M
China tightens oversight of cryptocurrency trading with new foreign exchange rules
China’s foreign exchange regulator has adopted new rules requiring banks to monitor and flag risky transactions involving cryptocurrencies. The rules make it harder to buy digital assets, while requiring banks to monitor transactions involving cross-border illicit financial activity and report on the identities, sources of funds, and transaction frequency of individuals and organizations.
China continues its “aggressive” anti-crypto stance
Liu Zhengyao, a lawyer at ZhiHeng, said China’s new re
XRP Lawsuit: Deaton Reveals How Industry Leaders, SEC, and Competitors Unite Against Ripple
Attorney and $XRP advocate John Deaton recently shared that it’s hard to truly measure the damage the SEC’s lawsuit against Ripple and XRP has done to Ripple’s business. Back in 2012, when Ripple’s founders created XRP, stablecoins didn’t exist and the global payments market was wide open for innovation. At the time, Ripple was deciding whether to focus on smart contracts or payments. Ultimately, Ripple chose to focus on cross-border payments, which he said made sense given the size of the mark
Despite the ongoing market turmoil, $XLM , the native token of Stellar Lumen, is making its mark by challenging the overall cryptocurrency market, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). As of today, January 1, 2025, XLM has led the market with an 11% gain in the past 24 hours.
Why is XLM price increasing? With this impressive rally, XLM is currently trading at around $0.37. However, this remarkable rally began just before the Asian trading session. Meanwhile, this rally has
In the world of cryptocurrencies, $PEPE and $SHIB (Shiba Inu) stand out as two prominent representatives of the “meme coin” category. With their current prices far below the $1 mark, the question of which coin might reach $1 first is highly speculative and depends on various factors influencing the market. Analysis of $SHIB (Shiba Inu) Strong Community: Shiba Inu has built a large and loyal community, which plays a crucial role in maintaining its value. Additionally, SHIB boasts several notabl
XRP Price Prediction for the First Days of the New Year
$XRP XRP’s price action has remained relatively flat, with no major updates in recent developments. However, technical analysis shows a reaction taking place at the lower boundary of a potential triangle pattern. Here’s a breakdown of the current situation and what to watch for moving forward. At the time of writing, XRP is up more than five percent and is trading at $2.12. XRP has shown a slight reaction with the trendline now touched three times. While this trendline is import