#MicroStrategyAcquiresBTC MicroStrategy continues its aggressive Bitcoin acquisition strategy, recently purchasing an additional 10,107 BTC for approximately $1.1 billion. This brings their total holdings to 471,107 BTC, valued at over $46 billion. The company has been funding these purchases through equity sales and debt issuance, with plans to raise $42 billion by 2027. Despite concerns about the debt-heavy approach, MicroStrategy's Bitcoin investments have been profitable, with an unrealized gain of over $19 billion. The company remains committed to expanding its Bitcoin portfolio, aiming to solidify its position as a leading corporate Bitcoin holder.
#$ETH Ethereum (ETH) has been making waves in the crypto world with its innovative blockchain technology and smart contracts. As one of the top cryptocurrencies by market capitalization, ETH continues to attract both investors and developers. With upcoming upgrades, like Ethereum 2.0, focusing on improving scalability, security, and sustainability, the future looks promising for Ethereum.
Keep an eye on $ETH – it's not just a coin; it's a platform that's reshaping the decentralized world.
#DeepSeekImpact DeepSeek, a Chinese AI startup, has disrupted the tech industry with its innovative AI models that rival those of Nvidia and OpenAI. Founded by Liang Wenfeng, DeepSeek's models, V3 and R1, use fewer and less advanced Nvidia chips, raising questions about the necessity of high-cost hardware. This breakthrough led to a 17% plunge in Nvidia's stock, significantly impacting the market. Investors are now reconsidering the value of AI stocks, while analysts predict a shift toward cost-effective AI solutions. DeepSeek's open-source approach may lead to widespread adoption and innovation in the AI industry.
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4,999,999,999 DOGE Withdrawal Stuns Binance, Shiba Inu Goes From Billion to 13 Trillion SHIB, Rip...
Don't miss anything happening in the world of crypto with U.Today's top three news stories over the past day.
4,999,999,999 DOGE withdrawal stuns world's largest exchange
According to Whale Alert'sX post from Dec. 16, a substantial DOGE withdrawaltook place on Binance, the world’s biggest crypto exchange by volume. The transaction involved a withdrawal of Dogecoin valued at over $2 billion. Specifically, 4,999,999,999 DOGE were transferred to an undisclosed wallet, amounting to approximately $2,029,427,748 at the time of the transaction. Per Whale Alert's data, the transfer consisted of numerous smaller transactions, all directed to a wallet address ending in AguBr5; currently, the address holds a total of 5,565,060,612 Dogecoin worth $2,219,680,076. The size of this withdrawal stunned the DOGE community, sparking various theories; some speculate that it may have been an internal transfer within Binance, although blockchain data does not support this claim.
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Shiba Inu goes from billion to 13 trillion SHIB: Major support ahead
Shiba Inu is seeingthe approach of the critical support level of 13 trillion SHIB, which may significantly influence its future price trajectory. This level serves as a crucial obstacle for sellers while offering a potential opportunity for bulls aiming to initiate a rally. However, the overall sentiment surrounding SHIB remains cautious, as it has failed to hold a price above $0.00002800, indicating a loss of upward momentum. If the SHIB price closes below the current support, it may decline toward the next key levels at approximately $0.00002249 and $0.00002031. To prevent more severe corrections, bulls need to protect these areas of strong psychological and technical support. Additionally, Shiba Inu sees a major decline in trading volume, indicating diminishing interest from both buyers and sellers, making a short-term recovery for SHIB less likely. However, if buying activity increases and SHIB maintains the 13 trillion SHIB support level, a relief rally could occur, with $0.00003000 as a potential resistance point.
Ripple USD (RLUSD) earns praise from Cardano founder
In a recentX post, Charles Hoskinson, the founder of Cardano,praised Ripple's RLUSD stablecoin, calling it "awesome." He indicated plans to make RLUSD available on the Cardano blockchain, further enhancing its reach in the crypto market. Approved by the New York State Department of Financial Services last week, the stablecoinwent live on XRP Ledger and Ethereum yesterday, to the great delight of Ripple enthusiasts. According to CryptoQuant crypto analytics platform, in the past two weeks, approximately $66 million worth of RLUSD tokens have been minted. Ripple's Jack McDonald highlighted the stablecoin's potential applications, such as instant settlement, collateralization and DeFi integration. The stablecoin was alsopraised by Ripple President Monica Long; she stated that the RLUSD launch is a milestone for both Ripple and XRP Ledger.