Crypto-God

#BNBBhutanReserves Thai Police Seize Nearly 1,000 Bitcoin Mining Machines:

The licensed cryptocurrency exchange is accused of stealing “hundreds of millions of baht” of electricity from suppliers, equivalent to at least $2.88 million.

Licensed cryptocurrency exchange allegedly stole “hundreds of millions of baht” worth of electricity from suppliers, worth at least $2.88 million.

Thai police and electricity officials have seized 996 Bitcoin mining rigs from a company that allegedly used illegal electricity to run the machines.

The Bitcoin mining rigs were seized at a JIT Co facility in Phanat Nikhom, Chon Buri province, on Jan. 8, according to information from Police Major General Montree Theskhan, head of the Crime Suppression Bureau, reported to the Bangkok Post on Jan. 9.

JIT Co is accused of stealing an estimated “hundreds of millions of baht” worth of electricity, with the lowest amount being around 100 million baht, worth at least $2.88 million at current exchange rates.

Despite being registered as a digital asset trading business, the company allegedly used modified electricity meters to operate Bitcoin mining machines at night. During the day, the electricity meters were operated normally to “avoid arousing suspicion,” Nation Thailand reported on January 9.

The Provincial Electricity Authority (PEA) assisted the Crime Suppression Department (CSD) in seizing the cryptocurrency mining machines, Nation Thailand reported.

The Bangkok Post reported that the company also had solar panels installed at its premises, but they were not connected to the Bitcoin mining machines.

Bitcoin's Golden Moment: Will It Soar After Trump's Inauguration?

With President-elect Donald Trump's inauguration on Jan. 20, seismic shifts are expected in the digital asset space, as the impact of Trump's proposed initiatives begins to unfold.

Establishing a strategic Bitcoin reserve:

In July, then Republican candidate Donald Trump promised to create a "strategic national bitcoin reserve" and predicted bitcoin could eclipse gold's $16 trillion market capitalization during an appearance at the Bitcoin 2024 conference.

Preventing a Central Bank Digital Currency (CBDC).

Trump has pledged to stop any efforts toward establishing a US CBDC, aligning with privacy advocates who view government-controlled digital currencies as a threat to personal financial freedom.

Dominate Bitcoin mining:

Trump wants “all remaining Bitcoin to be MADE IN THE USA,” signaling strong support for domestic Bitcoin mining. From Trump’s perspective, Bitcoin miners can help America stay “energy dominant.”

Establishing a Bitcoin and crypto advisory council:

Trump plans to create a Bitcoin and crypto advisory council in his first 100 days if elected. This council of pro-digital asset experts would develop a clear regulatory framework to encourage industry growth and innovation.

The president-elect’s crypto policy team is already extensive:

Under Trump's proposed administration:

Paul Atkins, crypto-friendly, to chair SEC

David Sacks, crypto enthusiast, as "AI and crypto czar"

Stephen Miran, crypto regulation critic, to lead Council of Economic Advisers

Howard Lutnick, Tether stakeholder, as commerce secretary

Scott Bessent, crypto supporter, as Treasury secretary.

The Most Pro-Crypto US Congress:

The upcoming legislative session may provide regulatory clarity for the crypto industry in the US. Recent election results suggest public dissatisfaction with the current financial system. A bipartisan pro-crypto majority in Congress could turn US regulation into a positive factor for crypto performance in 2025, rather than a hindrance.

Top 5 Crypto Coins to Buy: The Best Picks for 2025 Investments.

1: BlockBoost:

Unlocking New Horizons in Crypto

A new coin in town, BlockBoost ($BBT), made the headlines as the best crypto coin to buy now. Currently live on presale and priced at $0.002, $BBT is running out fast as more investors join the community daily. The coin promises over 5000% ROI upon going mainstream.

BlockBoost ($BBT) has quickly become synonymous with innovation in the cryptocurrency world. For those seeking the best cryptocurrency to buy now, this Web3 crowdfunding ecosystem is a game-changer.

The project features include; a Launchpad for Visionaries, a carefully designed Earning System, a Vault Rewards, and an NFT Marketplace bustling hub for buying, selling, and auctioning digital art. Each platform within the BlockBoost ecosystem is a unique opportunity for investors to make substantial rewards.

2: Bitcoin(BTC)

Bitcoin plunged from its record $108,364 to $92,118 amid U.S. shutdown concerns. While former Bitmex chief Hayes and Martin Shkreli predict further drops, Trump supporters remain optimistic that his potential return could trigger a historic crypto market recovery in 2025.

3: Ripple

Alpha Lions Academy CEO Edo Farina urges investors to hold at least 1,000 XRP ($2,300), predicting substantial gains as Ripple expands partnerships with central banks. He advises using cold wallets over exchanges and maintaining a long-term perspective through market fluctuations.

4: Solana

Solana trades at $182.35 amid market volatility, down from its 2021 peak of $259.96. Despite network outages and technical challenges, recent Robinhood listing and ecosystem expansion signal potential recovery, with analysts predicting price ranges between $100-$250 for 2024.

5: Chainlink

Despite recent volatility, analysts remain bullish on Chainlink (LINK), forecasting a rebound to $35 by January 2025 and potentially reaching $75 by mid-2025. Strong fundamentals, whale activities, and a solid support level at $23 drive optimism for long-term growth.

Why is the crypto market down today?

The crypto market dropped after Bitcoin immediately turned away from the $100,000 level following strong US economic data reports.

Let’s look closer at the factors driving the crypto market down today.

Bitcoin leads the market slump

Today’s crypto market decline is part of a correction that started during the early New York trading hours on Jan. 7 when Bitcoin BTC$95,076 lost the $100,000 level, as two stronger-than-expected US economic data prints quelled the early-year momentum by crypto assets. 

BTC price dropped as much as 6.35% to an intra-day low of $05,279 on Jan. 8. The decline in the pioneer cryptocurrency triggered panic selling among crypto investors, with prices dropping across the board.

Ether ETH$3,353.90 lost all the gains made over the last seven days, dipping as low as $3,300 on Jan. 8, recording 10% losses over the last 24 hours.

Other top-cap cryptocurrencies posting significant losses on Dec. 16 are Dogecoin DOGE$0.3469, Cardano ADA$0.9848  and Solana SOL$195.43, which are down 12%, 11.7% and 10%, respectively.

The sharp decline in prices liquidated nearly $631 million long positions across derivatives markets betting on rising prices, according to CoinGlass, marking the first large leverage flush of the year. Long BTC leveraged positions totaling $111 million were liquidated on the day.

Strong US economic data triggers risk-off mode

The ongoing correction in the crypto market mirrors the weakness witnessed in US equities. The S&P 500 dropped by 1.1% to close the day at 5,509.03 on Jan. 7, while the Nasdaq composite index declined by 375 points. 

The Dow Jones index clocked its second consecutive daily loss, dropping 0.61% to close the trading day on Jan. 7 at 42,528.36. 

“The S&P 500 is now down 75 points today and has erased its year-to-date gain,” said capital markets commentator The Kobeissi Letter in response to the market’s reaction to the economic data prints.

“Over $625 billion of market cap has been erased from the stock market today.”

Why crypto market’s dip isn’t the end of the bull market — According to top experts:

Are the recent liquidations and falling prices setting the stage for a longer crypto winter, or could this be the breather before another bull run?

As the year winds down, the crypto market seems to be taking a pause after a prolonged bullish run, with the global market cap shedding more than 6% to settle around $3.47 trillion as of Dec. 20. 

Bitcoin  has slipped below the crucial $100,000 mark, trading at $96,680 as of this writing — a drop of nearly 3.5% in the past 24 hours.

Ethereum , the second-largest crypto by market cap, has experienced an even sharper decline, tumbling 6% over the same period and accumulating weekly losses of 15%, leaving it at $3,400 levels.

The decline hasn’t spared the rest of the market either. Top 100 altcoins recorded losses ranging between 10% and 20%, while meme coins — known for their wild price swings — were hit the hardest, with an average sector-wide decline of 12%.

Dogecoin , for instance, plunged over 12% to $0.31, and Shiba Inu  fell nearly 10% to $0.0000211.

A closer look at open interest — the total value of outstanding futures contracts — suggests that the market may be entering a bearish phase. 

On Dec. 18, the Fed announced its third interest rate cut of the year, reducing the federal funds rate by 0.25% to 4.5%. 

While this move was widely anticipated and brought the cumulative reduction for the year to 1%, the central bank’s messaging carried a more cautious tone.

Fed officials cleared that only two additional cuts are planned for 2025, and any further adjustments will depend on inflation trends and overall economic conditions. 

The Fed’s measured approach reflects its ongoing struggle to control inflation, which is expected to stay above its 2% target until at least 2026.

The announcement sent shockwaves through financial markets, particularly risk-sensitive assets like crypto and stocks. U.S. equity markets reacted sharply, with the Dow Jones and Nasdaq 100 both tumbling over 2%. 

#How many dogs have u got from the telegram_bot airdrop?

The listing of DOGS on Binance via Launchpool has significantly boosted its valuation, especially compared to being listed only on exchanges like OKX or Bybit in terms of liquidity.

Assuming you own 50,000 DOGS:

If DOGS’s market cap reaches $200 million, 1 DOGS would be worth approximately $0.00036, and 50,000 DOGS would be valued at around $18.

If the market cap reaches $500 million, 1 DOGS would be worth about $0.0009, and 50,000 DOGS would be valued at approximately $45.

If the market cap reaches $1 billion, 1 DOGS would be worth about $0.0018, and 50,000 DOGS would be valued at around $90.
If the market cap reaches $2 billion, 1 DOGS would be worth about $0.0036, and 50,000 DOGS would be valued at approximately $180.

In my personal assessment, with its vast community and Binance listing, DOGS could achieve a market cap of $1 billion, potentially even spiking to $2 billion.

In a worst-case scenario, DOGS’s market cap should still be around $500 million.

Binance Latest Update on removal of spot trading pairs, some newbie traders once they receive this update they would rush immediately to sell or swap their invested assets or withdraw to another exchange.

Which is wrong when u read the news carefully u would get the picture & understand the message.

Removal of Spot trading pairs doesn't mean that such pairs is useless or the coins/tokens is no longer useful in Binance.

But it is available in other Pairs u can still hold this asset or trade them with different pairs please no room for panic.

Read the News again:👇👇👇

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians, 

To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.

Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs:

ICP/BNB, MAV/TUSD

At 2024-07-19 03:00 (UTC):

From the Binance 1 minutes candle stick chart.

Just a Recap of my yesterday signal/prediction I said that today 17th July that TRB would hit 85 dolls & it happened.

after hitting the target all time high @ $85, some investors/traders sold their assets is now @ $82 dolls, after the retesting we are expecting a new all time high maybe 90 or 95 by Thursday evening. Am not your financial advisor U can DYOR before investing.

Tellor Overview:

TRB Is going to be among the Top10 gainers this week:

Our real-time TRB to USD price update shows the current Tellor price as $78.19 USD. Our most recent Tellor price forecast indicates that its value will increase by 1.81% or 2.71 and reach $85.13 by July 17, 2024. DYOR before investing.

Why did TRB Crash?

While the reason for the astounding price spike is unclear at the moment, the subsequent crash has been attributed to price manipulation from the Tellor team.

#TRB Historical Price

24h Range $73.10 – $76.377d Range$67.18 – $82.09

All-Time High $593.09 87.5% Dec 31, 2023 (7 months)

All-Time Low $0.01001 738754.2% Nov 01, 2019 
(over 4 years).