Building a cult around an image or slogan that has nothing to do with the underlying product is a replacement for the cult that should be around your product itself.

Gate.io will support Wise Monkey (MONKY) spot trading at 18:00 (UTC+8) on December 12, 2024, and will simultaneously start Startup new coin mining, supporting staking MONKY and FLOKI to earn MONKY token rewards every hour. Among them, the MONKY staking pool is expected to have an annualized return of up to 1303.57%, and the FLOKI staking pool is expected to have an annualized return of 538.52%. It is understood that Gate.io Startup new coin mining is a staking product of the platform's Startup series. Users can obtain token pool rewards by staking designated tokens. The new coin mining service has the characteristics of low threshold, high annualized return, flexible staking, and hourly reward distribution. It can also achieve multiple mining of one coin by holding GT and obtain multiple benefits.

After the crypto market liquidated more than $1.7 billion in a single day, the next day it rebounded strongly.

According to U.Today, Michael Saylor, co-founder and executive chairman of MicroStrategy, recently shared a cryptic message about Bitcoin on the social media platform X, formerly known as Twitter. Saylor posted an AI-generated image of himself with the Bitcoin symbol obscuring his face, reminiscent of René Magritte's famous painting "The Son of Man." In the image, Saylor is dressed in a suit, dark coat, and bowler hat, with the caption, "We are The Sons of #Bitcoin." This message has sparked a wave of enthusiastic responses from the Bitcoin community, who support Saylor's optimistic stance on the cryptocurrency. In recent developments, Bitcoin, the world's largest cryptocurrency by market capitalization, has seen a recovery of approximately 4.65% over the past 24 hours. After dropping to $94,200, Bitcoin is now trading at $98,650. This price movement comes amid market speculation and fear, uncertainty, and doubt (FUD) about potential further declines. Some market participants had predicted that Bitcoin might fall to as low as $89,000 or even $80,000. However, on-chain data aggregator Santiment suggests that market prices often move contrary to public expectations, indicating that fear can be a precursor to price rebounds. Additionally, cryptocurrency analyst and trader Ali Martinez has reported significant activity among Bitcoin whales, who have been purchasing during the recent price dip. As Bitcoin's price fell from $104,000 to the $90,000 range, 342 new wallets holding at least 100 Bitcoins were created. This trend suggests that large investors are taking advantage of the lower prices to accumulate more Bitcoin, potentially signaling confidence in the cryptocurrency's long-term value.

According to U.Today, Cardano (ADA) has experienced a notable resurgence, climbing 8% to reclaim the $1 mark. This recovery comes as part of a broader rebound in the cryptocurrency market following a significant downturn earlier in the week. On Monday, cryptocurrencies, including Cardano, faced a severe shakeout, with ADA plummeting 15% within 24 hours. This drop led to one of the largest leverage flushes in recent years, resulting in the liquidation of nearly $1.5 billion in bullish derivative positions. As of the latest update, several cryptocurrencies have returned to positive territory, ahead of the anticipated release of U.S. inflation data. The market is keenly observing whether ADA can sustain its upward momentum and surpass key resistance levels. Earlier in the week, ADA experienced a sharp decline, reaching lows of $0.911 during Monday's trading session, marking a three-day downward trend. However, prices began to recover on Tuesday, bouncing back from a low of $0.93. At the time of reporting, ADA had increased by 10% over the past 24 hours, reaching $1.08, with intraday highs of $1.09. If ADA continues to hold above the $1 threshold, it could attract additional buying interest, potentially leading to a rise towards higher resistance levels around $1.20. A breakthrough above the $1.25-$1.33 resistance zone could signal the continuation of the upward trend, with ADA possibly climbing to $1.64, a level expected to serve as strong resistance. However, potential profit-taking and future market downturns could pose challenges to this advance. Maintaining the $1 support level is crucial for sustaining the upward trajectory. A drop below this level could lead to a decline to $0.87, which might delay the onset of the next phase of the uptrend.

According to U.Today, the cryptocurrency market recently experienced a brief downturn, affecting major digital currencies, including Solana (SOL). Earlier this week, SOL's price dropped to a range between $215 and $220. However, Solana has since shown a strong recovery, trading with significant bullish momentum. At the time of writing, SOL's price was $225.43, marking a 4.25% increase over the past 24 hours. Analysts suggest that this rise could signal the beginning of a broader price recovery for Solana. Solana's recent performance has outpaced other leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Bitcoin saw a modest increase of 0.69% in the last 24 hours, while Ethereum rose by 0.2% during the same period. This trend has fueled optimism among investors that Solana might spearhead the next market rebound. Historically, Solana has shown resilience in bouncing back from market corrections, often driven by community enthusiasm. In addition to price movements, Solana has made gains in key performance metrics. Data from DefiLlama indicates that Solana's Total Value Locked (TVL) has risen to $9.103 billion, reflecting increased user trust in the platform's security and reliability. As more assets are locked into the platform, SOL's price is expected to continue its upward trajectory. Furthermore, Solana's Futures Open Interest (OI) has grown by 2.18% to $5.17 billion in the last 24 hours, according to CoinGlass. This rise in OI suggests heightened investor engagement and confidence in Solana's market potential. Overall, Solana's price outlook remains positive, supported by a rising TVL in decentralized finance (DeFi), excitement surrounding the spot SOL ETF, an active developer community, increasing OI, and favorable market sentiment. These factors collectively indicate that Solana could be poised to reach new all-time highs and potentially lead the next market rebound.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, recently shared his insights on what makes Bitcoin (BTC) exceptional during a discussion on X. Schwartz emphasized two key aspects: Bitcoin's historical significance and its economic value. He argued that Bitcoin's uniqueness does not stem from its technical features, such as scalability, low fees, or energy efficiency, which can be replicated across other blockchains. Instead, Bitcoin's rich history and its status as the leading proof-of-work (PoW) chain in terms of economic impact set it apart. The conversation arose in the context of comparing Bitcoin to Bitcoin SV (BSV), which boasts advantages like unbounded scalability, near-zero transaction fees, and minimal energy consumption. Despite these technical merits, Schwartz maintained that they do not capture the full essence of a valuable PoW chain. He stressed that without widespread trust and usage, these features hold less significance. Schwartz acknowledged Bitcoin's challenges, including scalability and energy consumption, but highlighted its reliability as a store of value and its acceptance as a financial asset. This combination of strengths and weaknesses contributes to Bitcoin's distinctiveness. The discussion also touched upon a dispute involving Schwartz and an individual using the pseudonym 'S Tominaga,' believed to be Craig Wright. Wright, an Australian businessman, has repeatedly claimed to be Bitcoin's inventor, despite losing a legal battle with the Cryptocurrency Open Patent Alliance (COPA). Schwartz refrained from engaging with Wright's broader claims, focusing instead on the misuse of the legal system to target others. He underscored his commitment to preventing such abuses rather than silencing differing opinions.

According to the official announcement, Binance will open trading for HIVE/FDUSD, HIVE/USDC, IDEX/FDUSD, IDEX/USDC, TLM/FDUSD and TLM/USDC trading pairs at 08:00 (UTC) on December 13, 2024, and enable trading robot services for these trading pairs at the same time. (This newsletter is generated by AI)

Roy, founder of the DEXX platform, said in an exclusive interview with Odaily Planet Daily: "Currently, the suspects in this case have been locked in China, but the investigation process is very complicated and involves a lot of time and resource costs. Law enforcement agencies have been involved since the early stage. In order to ensure the smooth progress of the investigation, the official did not disclose details in the early stage of the case, and only released some information on December 6. Early disclosure may affect the progress of law enforcement or "alarm the enemy", so information disclosure needs to be cautious. For our team, the handling of the incident not only requires cooperation with law enforcement agencies, but also requires high technical and management costs. In addition, due to the complex technical details involved in the case, the interests of investment institutions and other factors, we still need to further confirm which information can be made public."

Babylon co-founder and chief technology officer Fisher Yu said that DeFi on Bitcoin can evolve faster than other ecosystems by learning from the mistakes of the broader DeFi space. source: https://cointelegraph.com/news/babylon-fisher-yu-interview-bitcoin-mena-2024-defi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

President-elect Donald Trump is once again in the headlines after his new crypto venture, World Liberty, spent $12 million buying Ethereum, Link, and Aave. The wallet spent the majority of the funds buying Ethereum and the rest of the funds were distributed to Chainlink and Aave purchases. source: https://www.cryptopolitan.com/trumps-new-venture-wlfi-buy-crypto/

Key takeaways Bitcoin is trading above $100k and could rally higher in the coming days. iDEGEN’s pre-market auction officially hits $4 million as more investors troop in. Bitcoin reclaims the $100k spot The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday. However, Bitcoin rallied by over 3% on […] The post Bitcoin reclaims $100k, could rally... source: https://coinjournal.net/news/bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut/

With the core underlying capabilities that integrate storage, network, and computing, 4EVERLAND is committed to efficiently delivering the one-stop core cloud services required by the Web3 ecosystem to Web3 developers and users.

Pudgy Penguins' floor price surged past $100,000, setting a new record and becoming one of the most valuable NFT collections. This rise is driven by excitement for the upcoming $PENGU token launch, boosting the collection's value by 99% in just a week.

OpenAI’s ChatGPT experienced a global outage on December 12, leaving many users unable to access the platform.

Explore EigenLayer’s re-staking ecosystem with the Rollup team.

MicroStrategy founder and chairman Michael Saylor is a long-time Bitcoin enthusiast. His company has made headlines for hoarding the world's largest cryptocurrency.

On 11 December at 11:07 PM UTC, ChatGPT faced a global outage, sparking frustration and memes on X. As functionality slowly returns, the incident prompts a vital question: are we ready for the challenges of growing AI dependency?

It has been 11 months since the US spot Bitcoin ETF was listed on January 11. How has the BTC ETF developed?

Travala announced a Bitcoin and Ava reserve after surpassing $100 million in annual revenue, driven by crypto-based travel bookings. The reserves aim to strengthen financial flexibility and support future growth without converting digital assets.