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1. Solana Network Achieves Yearly High in New Addresses and Active Addresses in December link Solana Network sets a new record for monthly new addresses and active addresses. As of December 25th, the number of active addresses on the Solana Network for December surpassed 15.6 million, showing an increase of around 50% compared to November and exceeding the 15.2 million in January. The number of new addresses added in December is 6.8 million, surpassing the 6.6 million recorded in May earlier this year. 2. zkSync Era Mainnet Temporarily Halts Block Production for 2 Hours link On December 25th, the zkSync Era mainnet experienced a 2-hour block production pause. After an urgent investigation and fix by the team, the issue has been completely resolved. According to @zkSyncDevs, the problem on the zkSync Era network originated from an edge case error in the operator’s computation of state updates. While the sequencer was fully operational, overly defensive measures were taken based on unnec...

Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy. The announcement follows the US bankruptcy court’s approval of Celsius Network’s reorganization plan. Hut 8 Corp, a digital asset miner headquartered in Miami, Florida, will manage the mining operations of MiningCo, a newly created mining company approved by the US Bankruptcy Court for the Southern District of New York in view of the Celsius Network LLC reorganization plan. The plan allows Celsius to transfer its mining operations to MiningCo. It’s part of Celsius Network’s bankruptcy proceedings. Hut 8 to provide managed services under 4-year contract As CoinJournal reported, US bankruptcy judge Martin Glenn approved the restructuring plan that allows Celsius Network to pivot its operations fully to Bitcoin mining. In its ...

In a notable legal development, US District Judge Jed Saul Rakoff has granted summary judgment in favor of the Securities and Exchange Commission (SEC) in the case involving Terraform Labs and its CEO, Do Hyeong Kwon. The decision asserts that Terraform Labs breached US securities law by neglecting to register its digital assets, including UST and LUNA, as securities. This ruling represents a crucial juncture in the ongoing legal scrutiny surrounding the cryptocurrency industry. Judge Rakoff’s Verdict Presiding over the matter in the US District Court for the Southern District of New York, Judge Jed Rakoff affirmed the SEC’s contention that Terraform Labs, under the leadership of CEO Do Kwon, distributed and traded unregistered securities. While the court granted summary judgment to the SEC on this specific claim, it also acknowledged Terraform’s stance regarding matters related to offering and executing transactions in security-based swaps. In an order filed on De...

Dec 28, 2023 at 10:58 // Price Author Coin Idol The Bitcoin (BTC) price is still trending favorably despite trading in a narrow range. Bitcoin price Analysis by Coinidol.com. Long-term prediction of the Bitcoin price: range The largest cryptocurrency is trading above the 21-day simple moving average but below the $44,700 level. Resistance at $44,000 has further slowed the upward movement. On December 26, the bears dropped below the 21-day simple moving average while the bulls bought the dips. BTC price has recovered above the 21-day SMA but remains below the...

Shiba Inu’s (SHIB) burn rate has spiked by 1677.45%, burning over 131 million tokens in the last 24 hours. One transaction, in particular, drove the burn rate, removing over 123 million SHIB tokens from circulation. Source: Shibburn Also Read: Shiba Inu: Here is When SHIB Could Reach $0.02 However, despite the spike in the burn rate, Shiba Inu’s (SHIB) price has dipped, falling 3.2% in the last 24 hours. Nonetheless, the token is still up over 11% in the 14-day charts and over 25% in the previous month. Source: CoinGecko The general crypto market has faced a correction in the last 24 hours. Bitcoin (BTC) has fallen 1% in the daily charts, and Ethereum (ETH) has dipped by 0.7% in the same time frame. Solana (SOL) has plummed by over 4%, and Avalanche (AVAX) has dropped by more than 6% in the same time frame. Will Shiba Inu gain momentum by the New Year 2024? SHIB’s price has struggled for most of 2023. Since January, the token has only rallied by a...

Shiba Inu responds to community calls for clarity by advancing towards automated SHIB token burn processes. Shiba Inu Coin expands with new initiatives amidst reliability questions and a call for greater focus on its core coin. Recent data shows notable SHIB token withdrawals from exchanges, suggesting shifts in investor strategies and confidence levels. The Shiba Inu Coin ecosystem is witnessing significant growth and expansion, as highlighted in a recent video by ClayBro on YouTube. The team behind Shiba Inu Coin has announced a series of upcoming projects and partnerships, indicating a broadening of their operational scope. Notably, despite facing reliability concerns, the Shiba magazine has been a topic of interest, signaling the team’s effort to diversify its offerings. ClayBro’s video also stresses the importance of community involvement in promoting Shiba Inu Coin and its blockchain, Shibarium. This strategy aims to elevate the coin’s global...

RNDR climbs steadily gaining 57% in the past month. Polygon (MATIC) surges 21%, signalling a run for new yearly highs. Everlodge reshapes real estate with fractional ownership, NFTs, and a dynamic ELDG token in its presale. Render Token (RNDR) and Polygon (MATIC) are making waves with significant price movements. While RNDR experiences a surge and hints at potential highs, MATIC sees a seismic shift aiming for new yearly records. Meanwhile, Everlodge is disrupting the real estate sector with tokenization and a revolutionary presale. Let’s delve into the technicalities of these developments, exploring price movements, predictions, and the innovative approach of Everlodge. RNDR’s steady ascent Render Token (RNDR) has been steadily climbing the crypto charts, showcasing resilience amid market volatility. Over the past week, RNDR witnessed a consistent rise, adding over 16% to its portfolio. This trend becomes more significant when looking at the ...

Former Binance CEO Changpeng Zhao might face prison after admitting to criminal charges in the U.S., but his fortune remarkably increased to over $37 billion. The bounce-back of Bitcoin, which surged over 160% after a tough 2022, played a significant role in driving his net worth. Zhao now leads the pack among cryptocurrency entrepreneurs who have seen their fortunes swell this year. According to the Bloomberg Billionaires Index, this list includes notable names like Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss. The ex-Binance CEO ranks 35th on the list, just less than a billion shy of Tadashi Yanai, the CEO of retail giant Uniqlo.  You might also like: Mt. Gox creditors finally getting paid after 10 years Zhao’s wealth mainly comes from his major stake in Binance. Despite a slight dip in its market share following the U.S. Department of Justice settlement, Binance benefited from higher trading volumes as the crypto market rebounded.  Zhao could face...

13 out of the 50 biggest crypto airdrops since 2020 happened in 2023, distributing $4.56 billion worth of tokens, valued at their ATH prices. Arbitrum dominated 2023, distributing $1.97 billion worth of ARB. Celestia (TIA) and Blur’s first airdrop secured the second and third positions. Despite a subdued crypto market, 2023 witnessed a surge in crypto airdrops, with 13 entries claiming spots among the 50 biggest crypto airdrops that happened since 2020. These 13 airdrops, though fewer than in 2021 and 2022, collectively distributed a significant $4.56 billion worth of tokens valued at their all-time high (ATH) prices. Total value of crypto airdrops valued at their ATH prices from 2020-2023 (Source: CoinGecko) CoinGecko’s latest report highlighted a notable trend in the distribution of the biggest crypto airdrops. While 2021 witnessed a surge with 18 airdrops making the top 50, compared to just 5 in 2020, the subsequent years saw a decline. In 2022 and...

A whale accumulated millions of AAVE, MKR, IMX, and FET and moved them from exchanges. AAVE may hit $110 while MKR also showed bullish prospects in the short term. IMX’s 4x 365-day increases may move higher but FET may continue correcting. Tokens including Aave (AAVE), Maker (MKR), Fetch.ai (FET), and Immutable X (IMX) have experienced a surge in accumulation lately, Lookonchain disclosed. According to Lookonchain, whales have been at the forefront of this accumulation. Details from the on-chain tracking handle showed that a whale reportedly withdrew $4.7 million worth of AAVE and $3.18 million worth of MKR from Binance. Other wallets owned by the same whale sent 1.57 million FET and 2.57 million into a self-custodial wallet around the same period. Fresh whale wallets are accumulating $MKR, $AAVE, $IMX, and $FET! 0x04e9 withdrew 47,096 $AAVE($4.7M) and 2,251 MKR($3.18M) from #Binance 10 hours ago.https://t.co/TbOkgxxLXH 3 fresh wallets (funded by the sam...

The cryptocurrency market may enter another bull run in 2024. Analysts say that there is a high chance that the US SEC (Securities and Exchange Commission) may approve one or more spot Bitcoin (BTC) ETFs (Exchange Traded Funds) early next year. Moreover, BTC will undergo its next halving cycle in April 2024. Both developments may bring forth a 2021-like bull run for the crypto scene. Also Read: Bitcoin: Cash-Based BTC ETF May Debut Next Week: Scaramucci If the cryptocurrency market enters another bull run next year, many tokens may skyrocket in price. With that said, let’s look at the top 3 cryptocurrencies under $1 that could explode in 2024. Top 3 cryptocurrencies under $1 that may explode in 2024 XRP: Source – AscendEX Ripple’s XRP token has seen significant growth in 2023. The cryptocurrency ’s price rise could be due to a US district court ruling that selling XRP to retail clients did not breach securities laws. However, the lawsuit has entere...

One Ethereum (ETH) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock. The firm notes that Optimism’s (OP) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January. Source: IntoTheBlock/X Optimism’s native token, OP, is also surging. The 40th-ranked crypto asset by market cap is trading at $2.58 at time of writing and is up nearly 16% in the past 24 hours. OP is also up almost 180% since the beginning of the year. Despite the increase in addresses, Optimism still lags behind rival Ethereum scaling solution Arbitrum (ARB) in terms of daily transactions. Optimism, for example, clocked around 444,000 transactions on Thursday, while Arbitrum registered more than 795,000, according to both project’s respective block explorers. Both projects, however, lead Coinbase’s ...

Bitcoin’s (BTC) value has threaded among the $40,000 to $45,000 range, unable to surpass the crucial resistance level amidst prolonged consolidation in the overall market.  Nevertheless, Bitcoin’s technical Analysis indicates the potential for the asset to embark on another all-time high, drawing insights from historical price movements. Specifically, the flagship cryptocurrency looks set to conclude its first-ever weekly golden cross pattern—a bullish long-term price signal. Bitcoin 50-week SMA to 200-week SMA ratio chart. Source: TradingView A golden cross transpires in any market when the 50-day moving average rises above the 200-week moving average. Observing the Bitcoin market cap, the inaugural golden cross is anticipated this week, provided BTC does not experience a substantial drop between now and December 25. Cryptocurrency When to buy altcoins? Crypto expert reveals Cryptocurrency China cracks down on game coin trading...

A widely followed crypto analyst says that one artificial intelligence (AI) altcoin project could soon reach a new all-time high (ATH). Pseudonymous crypto trader Rekt Capital tells his 377,500 followers on the social media platform X that machine learning platform Fetch.ai (FET) is making a run for new ATHs after retesting a key price level. “FET performed a picture-perfect retest of the purple level as support this week. Trying again to break beyond the red resistance. Very close to challenging for new all-time highs. Just needs to break this red resistance and flip it to support.” Source: Rekt Capital/X Looking at the strategist’s chart, Rekt Capital shows that FET successfully retested the key level of $0.59 and would need to flip the price level around $0.73 into support to reach a new ATH. In September 2021, FET reached its all-time high of $1.17. FET is trading for $0.77 at time of writing, up 10.6% in the last 24 hours. Next up, the trader predicts...

Worldcoin is reportedly winding down its eye-scanning operations across India, France, and Brazil, ceasing the use of real-world physical orbs to collect retina data in exchange for crypto, TechCrunch reports.  Tools for Humanity, Worldcoin ’s parent company, reportedly told TechCrunch that its real-world scanning operations were a “limited-time” event across certain markets this year.  According to unnamed sources speaking to Money Control, Worldcoin temporarily stopped its offline biometric orb operation in India between three and four months ago due to overcrowding at certain sites.  An anonymous mall management executive reportedly said, “There used to be so much crowding that sometimes police had to come to intervene and control the crowd. At one point, police even had to seize the orbs .”  Reportedly, the orbs couldn’t handle a spike in demand, and operations were “scaled back” so that a “safe and orderly process” could be established. Worldcoin wants to continu...

Brad Garlinghouse stresses Ripple’s adherence to crypto regulations, reflecting on several significant regulatory approvals in 2023. Ripple CEO highlights the company’s compliance-first approach for 2024. Recent regulatory nods for Ripple from Dubai, Singapore, and Ireland reinforce Garlinghouse’s claims. Brad Garlinghouse, the Chief Executive Officer of Ripple, recently shared insights on the company’s “compliance-first” approach for 2024. According to Garlinghouse, Ripple has always complied with regulations. .@Ripple is heading into 2024 with a compliance-first mindset (as we’ve always done). https://t.co/GD3RNagcVg — Brad Garlinghouse (@bgarlinghouse) December 20, 2023 Ripple has witnessed a plethora of regulatory challenges and milestones throughout its history, with many such developments taking place in 2023. According to a post by Stuart Alderoty, Ripple’s Chief Legal Officer, 2023 has bestowed a great deal of regulatory approvals for the ...