singhajoonkim
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beware!!!
$XRP đ¨ BREAKING: đşđ¸ The SEC posts $XRP document to website naming it as a 'Strategic Asset for the U.S."
The documents states that the U.S. will begin a pilot program to use $XRP for tax refunds and Social Security Integrations đĽ
The documents states that the U.S. will begin a pilot program to use $XRP for tax refunds and Social Security Integrations đĽ
https://x.com/BanXchange/status/1874605690511127021?t=J4S7sZXQlZiaNQ5zR04nhA&s=19
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scam
Quoted content has been removed
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uhhhooohhh
#bears
#bears
buy thw dip boys!!!!
ready your bags!!!
Binance News
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Ripple CTO Warns Of Initial Supply Shortage For New Stablecoin
According to Odaily, Ripple's Chief Technology Officer, David Schwartz, has cautioned that the company's new stablecoin, RippleUSD (RLUSD), pegged to the US dollar, may face a 'supply shortage' upon its launch. Despite the stablecoin's design to maintain a 1:1 peg with the dollar, Schwartz anticipates significant volatility immediately after its release. He advises investors against succumbing to 'FOMO' (fear of missing out).
Schwartz highlighted that some pre-launch bids for the not-yet-issued RLUSD have artificially inflated its value. A post on the platform X indicated that 1 RLUSD was valued at approximately 511 XRP, equating to $1,244 at current prices, within a Ripple wallet named Xaman. Schwartz remarked that someone appeared willing to pay $1,200 per RLUSD for a small portion, suggesting a desire to be among the first to acquire RLUSD as it enters the market. He reassured that once the supply stabilizes, the price should return to around $1. If it does not, it would indicate a significant issue. Schwartz emphasized that purchasing stablecoins out of FOMO is not a path to wealth.
Previously, Ripple CEO Brad Garlinghouse announced on the X platform that the RLUSD stablecoin had received approval from the New York Department of Financial Services (NYDFS). He also mentioned that a list of exchanges and partners would be available soon.
Schwartz highlighted that some pre-launch bids for the not-yet-issued RLUSD have artificially inflated its value. A post on the platform X indicated that 1 RLUSD was valued at approximately 511 XRP, equating to $1,244 at current prices, within a Ripple wallet named Xaman. Schwartz remarked that someone appeared willing to pay $1,200 per RLUSD for a small portion, suggesting a desire to be among the first to acquire RLUSD as it enters the market. He reassured that once the supply stabilizes, the price should return to around $1. If it does not, it would indicate a significant issue. Schwartz emphasized that purchasing stablecoins out of FOMO is not a path to wealth.
Previously, Ripple CEO Brad Garlinghouse announced on the X platform that the RLUSD stablecoin had received approval from the New York Department of Financial Services (NYDFS). He also mentioned that a list of exchanges and partners would be available soon.
good correction
Binance News
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BNB Drops Below 710 USDT with a 0.66% Decrease in 24 Hours
On Dec 14, 2024, 13:21 PM(UTC). According to Binance Market Data, BNB has dropped below 710 USDT and is now trading at 709.789978 USDT, with a narrowed 0.66% decrease in 24 hours.
bring up!!!!
Coinpedia
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XLM Price Prediction, Could Stellar Hit $2? Expert Insights
The post XLM Price Prediction, Could Stellar Hit $2? Expert Insights appeared first on Coinpedia Fintech News
XLM, Stellarâs native token, is poised for notable upside momentum, as predicted by a crypto expert in a recent post on X (formerly Twitter). On December 13, 2024, the expert boldly predicted that XLM could reach $2, representing nearly a 350% increase in value.
Expert Predicts XLM to Surge 350% to $2
However, experts believe the recent sharp price decline is just a temporary setback on the path toward XLM reaching $2.
Current Price Momentum
The past few days havenât been favorable for XLM, as it hasnât experienced any significant price changes. However, today the token saw an impressive price surge of over 5% in the past 24 hours. With this, the XLM price has now risen to the $0.437 level.
Despite the price increase, its trading volume dropped by 13% during the same period, indicating lower participation from traders and investors compared to the previous day. Data also shows that over the past 7 days, the asset is still down by 13%.
XLM Technical Analysis and Upcoming Level
In addition to this prediction and recent price performance, CoinPediaâs technical analysis suggests that XLM is demonstrating bullish price action on its daily timeframe. According to the XLM daily chart, it appears that the asset is forming a bullish flag-and-pole price action pattern and is currently consolidating near the breakout level.
Source: Trading View
Based on price action, if XLM breaks out of this pattern and closes a daily candle above the $0.47 level, there is a strong possibility it could initially rise by 32% to reach the $0.63 level. Furthermore, based on the pattern, XLM could potentially surge by 537% to reach the $3.04 level in the future.
On the positive side, XLMâs Relative Strength Index (RSI) remains below the overbought zone, indicating that the asset has sufficient room to rise in the coming days.
$118 Million of XLM Outflow from Exchanges
This bullish technical analysis is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, XLMâs spot inflow/outflow data reveals that exchanges have experienced a significant outflow of XLM in recent days. Over the past 10 trading days, exchanges have witnessed a substantial $117.80 million worth of XLM outflow.
Source: Coinglass
In the cryptocurrency landscape, outflow refers to the movement of assets from exchanges to wallets, which signals bullish sentiment for the asset. This trend further suggests the potential for an upside rally and an ideal buying opportunity.
XLM, Stellarâs native token, is poised for notable upside momentum, as predicted by a crypto expert in a recent post on X (formerly Twitter). On December 13, 2024, the expert boldly predicted that XLM could reach $2, representing nearly a 350% increase in value.
Expert Predicts XLM to Surge 350% to $2
However, experts believe the recent sharp price decline is just a temporary setback on the path toward XLM reaching $2.
Current Price Momentum
The past few days havenât been favorable for XLM, as it hasnât experienced any significant price changes. However, today the token saw an impressive price surge of over 5% in the past 24 hours. With this, the XLM price has now risen to the $0.437 level.
Despite the price increase, its trading volume dropped by 13% during the same period, indicating lower participation from traders and investors compared to the previous day. Data also shows that over the past 7 days, the asset is still down by 13%.
XLM Technical Analysis and Upcoming Level
In addition to this prediction and recent price performance, CoinPediaâs technical analysis suggests that XLM is demonstrating bullish price action on its daily timeframe. According to the XLM daily chart, it appears that the asset is forming a bullish flag-and-pole price action pattern and is currently consolidating near the breakout level.
Source: Trading View
Based on price action, if XLM breaks out of this pattern and closes a daily candle above the $0.47 level, there is a strong possibility it could initially rise by 32% to reach the $0.63 level. Furthermore, based on the pattern, XLM could potentially surge by 537% to reach the $3.04 level in the future.
On the positive side, XLMâs Relative Strength Index (RSI) remains below the overbought zone, indicating that the asset has sufficient room to rise in the coming days.
$118 Million of XLM Outflow from Exchanges
This bullish technical analysis is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, XLMâs spot inflow/outflow data reveals that exchanges have experienced a significant outflow of XLM in recent days. Over the past 10 trading days, exchanges have witnessed a substantial $117.80 million worth of XLM outflow.
Source: Coinglass
In the cryptocurrency landscape, outflow refers to the movement of assets from exchanges to wallets, which signals bullish sentiment for the asset. This trend further suggests the potential for an upside rally and an ideal buying opportunity.
this is sad
Binance News
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Former OpenAI Employee Found Dead Amid Data Use Controversy
According to Decrypt, Suchir Balaji, a former researcher at OpenAI, was discovered dead in his San Francisco apartment in what authorities have determined to be a suicide. Balaji, 26, had previously worked with OpenAI's technical staff from November 2020 to August 2024. He gained attention after publicly alleging that OpenAI had used data unethically to train its artificial intelligence platform, ChatGPT. These allegations were highlighted in an interview with the New York Times, where Balaji claimed that OpenAI utilized vast amounts of internet data without permission to develop ChatGPT, which was launched in November 2022.
Balaji also accused the company of creating its own transcription software to extract data from YouTube. In a post on X in October, Balaji expressed his concerns about copyright and fair use, stating that generative AI products could potentially create substitutes that compete with the data they are trained on. This controversy led to a lawsuit filed by The New York Times against OpenAI for copyright infringement last December. During the New York Times annual Dealbook Summit, OpenAI CEO Sam Altman defended the company's actions, asserting that they were not in the wrong. However, Ian Crosby, a partner at Susman Godfrey and lead counsel for The New York Times, argued that Altman misunderstood copyright law, emphasizing the importance of developing new technologies that respect the rights of copyright holders.
Authorities reported that Balaji was found deceased on November 26 after a wellness check was conducted by police and medical personnel. The Office of the Chief Medical Examiner confirmed Balaji's identity and stated that the cause of death was suicide. This tragic event has brought further attention to the ongoing debate over the ethical use of data in the development of artificial intelligence technologies.
Balaji also accused the company of creating its own transcription software to extract data from YouTube. In a post on X in October, Balaji expressed his concerns about copyright and fair use, stating that generative AI products could potentially create substitutes that compete with the data they are trained on. This controversy led to a lawsuit filed by The New York Times against OpenAI for copyright infringement last December. During the New York Times annual Dealbook Summit, OpenAI CEO Sam Altman defended the company's actions, asserting that they were not in the wrong. However, Ian Crosby, a partner at Susman Godfrey and lead counsel for The New York Times, argued that Altman misunderstood copyright law, emphasizing the importance of developing new technologies that respect the rights of copyright holders.
Authorities reported that Balaji was found deceased on November 26 after a wellness check was conducted by police and medical personnel. The Office of the Chief Medical Examiner confirmed Balaji's identity and stated that the cause of death was suicide. This tragic event has brought further attention to the ongoing debate over the ethical use of data in the development of artificial intelligence technologies.
got it!!!!
Amanda đś
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Bullish
đ¨đ¨ YOU ASKED YOU GOT IT: NEW BINANCE LAUNCHPOOL
Binance is excited to announce $VANA as the 62nd project on Launchpool â a native EVM-compatible Layer 1 blockchain focused on user-owned data.
Hereâs what you need to know:
đ Farming Period: Dec 14, 00:00 (UTC) â Dec 15, 23:59 (UTC)
How to Farm:
âŤď¸Lock $BNB or $FDUSD to earn a share of 4.8M VANA rewards.
âŤď¸85% rewards in the BNB pool.
âŤď¸15% rewards in the FDUSD pool.
đ Trading Starts: Dec 16, 10:00 (UTC) with pairs:
âŤď¸VANA/USDT
âŤď¸VANA/BNB
âŤď¸VANA/FDUSD
âŤď¸VANA/TRY
â ď¸ Seed Tag Applied: This indicates higher risk and volatility, so be sure to DYOR.
đ Max Token Supply: 120M $VANA
đŻ Initial Circulating Supply: 30M VANA (25% of total supply)
Ready to explore? đ #BinanceLaunchpoolVANA #BinanceTrendingTokens
Binance is excited to announce $VANA as the 62nd project on Launchpool â a native EVM-compatible Layer 1 blockchain focused on user-owned data.
Hereâs what you need to know:
đ Farming Period: Dec 14, 00:00 (UTC) â Dec 15, 23:59 (UTC)
How to Farm:
âŤď¸Lock $BNB or $FDUSD to earn a share of 4.8M VANA rewards.
âŤď¸85% rewards in the BNB pool.
âŤď¸15% rewards in the FDUSD pool.
đ Trading Starts: Dec 16, 10:00 (UTC) with pairs:
âŤď¸VANA/USDT
âŤď¸VANA/BNB
âŤď¸VANA/FDUSD
âŤď¸VANA/TRY
â ď¸ Seed Tag Applied: This indicates higher risk and volatility, so be sure to DYOR.
đ Max Token Supply: 120M $VANA
đŻ Initial Circulating Supply: 30M VANA (25% of total supply)
Ready to explore? đ #BinanceLaunchpoolVANA #BinanceTrendingTokens
this will send #xrptothemoon!!!!
U.today
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13 Million RLUSD Ready to Hit Market After Rippleâs Fresh Minting: Details
Data shared by X account Ripple Stablecoin Tracker has revealed that over the past 24 hours, Ripple has minted more than 10 million units of its new product â the RLUSD stablecoin.
It happened after the San Francisco-based blockchain behemoth received regulator approval and is now about to kick off trading RLUSD on various cryptocurrency exchanges.
đľđľđľđľđľđľđľ 10,399,000 #RLUSD minted at RLUSD Treasury.https://t.co/rWdJTjqXTf
â Ripple Stablecoin Tracker (@RL_Tracker) December 12, 2024
13 million RLUSD minted by Ripple
The above-mentioned data source on the X platform shared that earlier today, the RLUSD Treasury minted two massive amounts of Ripple USD stablecoins: 10,399,000 and 2,600,000 RLUSD. Aside from these two chunks, several were minted of 100,000 RLUSD each.
đľđľđľđľđľđľ 2,600,000 #RLUSD minted at RLUSD Treasury.https://t.co/JcrErgPs1B
â Ripple Stablecoin Tracker (@RL_Tracker) December 12, 2024
Three days ago, Ripple received permission for the RLUSD launch and trading from the New York State Department of Financial Services (NYDFS). After that news went live, Ripple ĐĄhief Executive Officer Brad Garlinghouse made a public comment that the stablecoin would go live on the crypto market âsoon.â
Initially, Ripple stated that the stablecoin will launch on the XRP Ledger and on the Ethereum chain. But recently, Tron founder and crypto billionaire Justin Sun published a hint that, in the future, RLUSD might go live on the Tron blockchain, too. He provided no details about it, leaving the crypto community guessing.
card
Ripple's bright RLUSD prospects
The global market of stablecoins presently boasts a value of roughly $196 billion and is being dominated by such players as Tether (USDT) and USD Coin (USDC) with the largest market share. Similarly to USDT, Rippleâs stablecoin will be pegged to the U.S. dollar and backed by liquid assets such as USD reserves and short-term U.S. Treasuries.
The San Francisco-based crypto juggernaut Ripple intends to utilize RLUSD to conduct cross-border payments, increasing liquidity and providing seamless on-ramps and off-ramps for crypto and fiat. Ripple feels optimistic about its new productâs potential in this rapidly expanding market. Analytical forecasts have it that by 2028, the stablecoin market may expand from the current $196 billion to a whopping $2.8 trillion.
Besides, stablecoins are expected to receive a bigger and deeper adoption on traditional and decentralized finance markets and this, if it happens, will greatly expand Rippleâs prospects in a space full of constant competition.
It happened after the San Francisco-based blockchain behemoth received regulator approval and is now about to kick off trading RLUSD on various cryptocurrency exchanges.
đľđľđľđľđľđľđľ 10,399,000 #RLUSD minted at RLUSD Treasury.https://t.co/rWdJTjqXTf
â Ripple Stablecoin Tracker (@RL_Tracker) December 12, 2024
13 million RLUSD minted by Ripple
The above-mentioned data source on the X platform shared that earlier today, the RLUSD Treasury minted two massive amounts of Ripple USD stablecoins: 10,399,000 and 2,600,000 RLUSD. Aside from these two chunks, several were minted of 100,000 RLUSD each.
đľđľđľđľđľđľ 2,600,000 #RLUSD minted at RLUSD Treasury.https://t.co/JcrErgPs1B
â Ripple Stablecoin Tracker (@RL_Tracker) December 12, 2024
Three days ago, Ripple received permission for the RLUSD launch and trading from the New York State Department of Financial Services (NYDFS). After that news went live, Ripple ĐĄhief Executive Officer Brad Garlinghouse made a public comment that the stablecoin would go live on the crypto market âsoon.â
Initially, Ripple stated that the stablecoin will launch on the XRP Ledger and on the Ethereum chain. But recently, Tron founder and crypto billionaire Justin Sun published a hint that, in the future, RLUSD might go live on the Tron blockchain, too. He provided no details about it, leaving the crypto community guessing.
card
Ripple's bright RLUSD prospects
The global market of stablecoins presently boasts a value of roughly $196 billion and is being dominated by such players as Tether (USDT) and USD Coin (USDC) with the largest market share. Similarly to USDT, Rippleâs stablecoin will be pegged to the U.S. dollar and backed by liquid assets such as USD reserves and short-term U.S. Treasuries.
The San Francisco-based crypto juggernaut Ripple intends to utilize RLUSD to conduct cross-border payments, increasing liquidity and providing seamless on-ramps and off-ramps for crypto and fiat. Ripple feels optimistic about its new productâs potential in this rapidly expanding market. Analytical forecasts have it that by 2028, the stablecoin market may expand from the current $196 billion to a whopping $2.8 trillion.
Besides, stablecoins are expected to receive a bigger and deeper adoption on traditional and decentralized finance markets and this, if it happens, will greatly expand Rippleâs prospects in a space full of constant competition.
break that barrier
$XRP $XRP
đ XRP/USDT Technical Analysis â Price: 2.4304 đ
XRP has reached an exciting level of 2.4304, and the charts reveal key opportunities for traders. With support firmly placed at 2.40, we could see a potential bounce, setting up for a bullish breakout if this level holds strong. If the price can break through the immediate resistance at 2.50, the next logical target would be 2.60. đ
For those looking to enter, a strategic buy entry near 2.40 could offer a low-risk entry point with tight stop-loss just below support. If the price clears 2.50, thatâs your confirmation for further bullish movement!
đĄ Key Levels to Watch:
Support: 2.40
Resistance: 2.50
Keep your eyes on these levels and trade with caution. Market momentum looks strong, but risk management is key!
#BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone #SuiHitsNewATH #Write2Earn!
đ XRP/USDT Technical Analysis â Price: 2.4304 đ
XRP has reached an exciting level of 2.4304, and the charts reveal key opportunities for traders. With support firmly placed at 2.40, we could see a potential bounce, setting up for a bullish breakout if this level holds strong. If the price can break through the immediate resistance at 2.50, the next logical target would be 2.60. đ
For those looking to enter, a strategic buy entry near 2.40 could offer a low-risk entry point with tight stop-loss just below support. If the price clears 2.50, thatâs your confirmation for further bullish movement!
đĄ Key Levels to Watch:
Support: 2.40
Resistance: 2.50
Keep your eyes on these levels and trade with caution. Market momentum looks strong, but risk management is key!
#BinanceLaunchpoolVANA #BinanceListsVelodrome #BitcoinKeyZone #SuiHitsNewATH #Write2Earn!
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