The metaverse web3 space sees significant growth as Decentraland, The Sandbox, and Floki announce major updates. Decentraland's desktop app launch boosts user engagement; The Sandbox's reward season drives SAND token surge; Floki's delayed metaverse game affects FLOKI's market performance.
Morocco is set to regulate cryptocurrencies, reversing a 2017 ban. The central bank leads the legislation process, aligning with international standards and exploring CBDCs. This shift follows a global trend of reassessing crypto regulations amidst growing adoption.
PEPE's price soared 105% after its Coinbase listing but has recently fallen 10%. Indicators suggest further corrections due to weakening bullish momentum. Potential support levels are $0.0000139 or lower, with a chance for a reversal to test resistances and reach new highs.
Fairshake, a pro-crypto US Super PAC, has amassed $103 million for the 2026 midterms after significant investments in the 2024 elections. Contributions include $25 million from Ripple CEO Brad Garlinghouse. The PAC seeks to support crypto-friendly candidates and influence US crypto regulation.
Fantom (FTM) outperforms the market with its price rising, driven by a strong ADX rating of 47. Despite whale accumulation slowing, FTM is on an upward trend, potentially reaching $1.22, unless market conditions change, which could lead to a correction testing key supports at $0.77 or $0.35.
The FCA plans to finalize UK crypto regulations by 2026, as crypto popularity rises in Britain. Despite skepticism from crypto firms, the FCA emphasizes market safety and integrity. The regulator acknowledges the industry's growth, but existing policies face criticism. A clearer regulatory environment is sought for security and innovation in the sector.
Stellar's (XLM) recent gains face pressure as its price drops over 10% in 24 hours but remains up 94.07% weekly. Indicators like RSI and Ichimoku Cloud show weakening bullish momentum. Key support at $0.099 is crucial if the downtrend continues, while a recovery could reach $0.70.
Kraken is closing its NFT marketplace due to market downturns and reallocating resources to other projects. The shutdown will be completed by February 27, 2025, with withdrawals available until then.
Ethereum's price drop below $3,500 has led traders to increase short positions, totaling $918 million, reflecting bearish sentiment. Despite the drop, data suggests realized profits may protect traders from liquidation. However, should Ethereum's price rise significantly, these positions could face pressure, hinting at potential price fluctuations.
Solana (SOL) hit a new all-time high of $264 but entered a correction, dropping 10%. Rising bearish indicators such as BBTrend and DMI suggest increased selling pressure. A potential death cross in EMA lines could lead to further declines, challenging key support levels.
Uniswap offers a $15.5M bug bounty for critical vulnerabilities in its v4 upgrade, setting a new record. Full payout is for "critical" bugs, excluding third-party contracts. This substantial offer comes with caveats and reflects the company's commitment to security and competitive position.
Dogecoin (DOGE) faces bearish momentum as indicators suggest a correction. The price has dropped 12% and could test support at $0.34 or even fall to $0.14 if selling continues. A recovery may challenge resistances of $0.43 and $0.48, aiming for $0.50 if momentum reverses.
Pantera Capital predicts Bitcoin's price will reach $740,000 by 2028 following the 1,000x return on its Bitcoin Fund. Despite recent declines due to weak US demand, Bitcoin's long-term prospects remain strong. Pantera diversifies by investing in blockchain assets while maintaining confidence in Bitcoin's future growth.
Moo Deng's largest holder buys 11 million tokens amid a 45% price drop, sparking recovery speculations despite declining user activity and bearish price trends.
Bitcoin's recent price decline has led to reduced trading activity among US investors, with the price dropping 6% to $92,540. The decrease in Bitcoin's Coinbase Premium Index and Premium Gap indicates weaker demand from American investors, signaling potential further downward trends.
Despite an $8 billion drop in crypto market cap, three tokens have achieved all-time highs: CHILLGUY, VIRTUAL, and AIXBT. CHILLGUY saw significant investor interest, VIRTUAL's performance is supported by a strong RSI, and AIXBT experienced a surge in trading volume, indicating growing market confidence.
Binance's Changpeng Zhao critiques meme coins, sparking debate on their utility and market manipulation allegations. While some find entertainment and community in meme coins, others call for focus on blockchain applications with real use. The debate highlights ongoing concerns about speculative investments in the crypto market.
Ripple's (XRP) recent 177% price rally faces challenges as seller sentiment increases. Low Taker Buy/Sell Ratio and declining Network Growth indicate bearish control. Technical indicators, including the MACD, show bearish momentum. If selling pressure persists, XRP's price could drop further. However, a shift in buyer control might revive the rally.
Peanut the Squirrel (PNUT), a Solana-based meme coin, has seen a 36% decline, hinting at a potential drop to its all-time low of $0.031. Bearish indicators like a falling RSI and a breach of key support levels point towards further losses, although shifts in sentiment might reverse this trend.
Bitcoin-backed credit systems could serve as financial bridges for the unbanked by offering alternatives to traditional banking barriers. These systems enable borrowers to use BTC as collateral for loans, addressing accessibility issues but posing risks due to Bitcoin's volatility. Centralization risks and regulatory challenges may impact their future inclusivity.
Binance will delist eight altcoin spot trading pairs on December 10, aiming to enhance market quality. The affected pairs include GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Users are advised to adjust their strategies as prices of these tokens have dropped following the announcement.
LDO token sees an 8% surge with increased trading activity and volume, yet futures market experiences a $53 million decline as traders take profits.
Cardano investors remain optimistic, withdrawing $100 million from exchanges, indicating potential upward price pressure for ADA. If this trend continues, Cardano's price could rebound, driven by increased trading activity of previously dormant coins. A bullish pattern suggests ADA may rally above $1.15, possibly reaching $2, amidst fluctuating market dynamics.
Sui Foundation has partnered with Babylon Labs, Lombard Protocol, and Cubist to bring Bitcoin staking to its ecosystem, leveraging Sui's blockchain for enhanced liquidity and security in DeFi applications. This initiative could redefine digital asset interaction and drive ecosystem growth, despite recent network challenges.
Rumble, a video-sharing platform, announces a $20 million Bitcoin treasury strategy, embracing cryptocurrency as a hedge against inflation. The company aims to connect with crypto and gaming communities, also featuring a $20 million deal with streamer Dr. Disrespect. These moves could redefine Rumble as a unique player in crypto, gaming, and video-sharing.
The crypto market is down due to the Federal Reserve's hawkish stance, triggering a significant drop in Bitcoin and Brett prices. Over $300 billion outflows were noted. Coinbase's request for SEC chairperson Gary Gensler's emails was rejected.
Bitcoin could face a 20-25% correction due to its correlation with global M2 money supply, which is declining. Experts highlight Bitcoin's historical trends with M2 and suggest long-term strategies. Skepticism exists about short-term data focus.
Elon Musk's Dogecoin-related posts have sparked speculation about potential market manipulation. His recent tweet caused a temporary surge in DOGE's value, raising questions about his intentions. While Musk claims his references are political, investors previously accused him of inflating DOGE prices. His meme posts continue to influence the market despite this uncertainty.
Binance Labs invests in Kernel to enhance restaking and security on the BNB Chain. Kernel will first integrate BNB Liquid Staking Tokens and restaked BNB for DeFi innovations. Future plans include expanding restaking to Bitcoin and other blockchains, supported by various collaborations.
AI crypto projects are evolving with new launches. The Graph introduces a GRC-20 data standard, NEAR Protocol becomes MetaMask-compatible, and ASI Alliance unveils a FET staking platform. GRT and NEAR tokens see positive market impacts from these developments.
This week's crypto news highlights Sonic Labs launching its Layer-1 mainnet, Avalanche's Etna update, Jupiter's Jupuary voting, Starknet's STRK staking, and Stacks' sBTC timeline release.
Ethereum's price rise could reach $4,000 if it surpasses the $3,600 resistance. Key indicators show whale accumulation and a neutral to slightly bullish MVRV 7D metric. If this momentum slows, ETH may fall to as low as $2,359, but strong support stands at $3,000.
