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finixyta
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The world of financial markets, blockchain, and digital currencies. https://www.patreon.com/c/NexusFinance

Chainlink (LINK) recently reached its highest levels in three years, with an 87% gain over the past 30 days. However, LINK has pulled back nearly 5% in the last 24 hours, indicating potential short-term weakness. Whale activity has also declined, with the number of large holders dropping steadily since late November, suggesting caution or profit-taking among major investors. The Chainlink BBTrend indicator is currently at 7.46, reflecting a positive but weakening trend, which could lead to short-term consolidation or retracement. If the support at $26.89 fails, LINK could decline to $22.41 or $19.56. Conversely, a rebound could see LINK testing the resistance at $30.94. #Chainlink #LINK #Crypto #PriceAnalysis #WhaleActivity #BBTrend #EMA

Science as we know it is unraveling. #DeSci is dismantling old hierarchies, decentralizing knowledge, and accelerating chaos into innovation. https://finixyta.substack.com/p/decentralized-science-desci-revolutionizing #Blockchain #Science #Innovation

The Pudgy Penguins ecosystem token, PENGU, launched on Solana and quickly entered the top 100 cryptocurrencies by market cap. However, despite initial excitement and a significant airdrop, PENGU's price has fallen sharply, dropping 57% from its launch price. This sell-off has also affected the Pudgy Penguins NFT collection, with its floor price declining to 17.2 ETH despite a 258% spike in daily sales. The widespread sell-off saw over 20% of the PENGU token supply liquidated, amounting to approximately $9.3 million. This trend mirrors similar rapid declines seen with Movement Network’s MOVE token and Magic Eden’s ME token after their respective launches on Binance. Despite the decline, PENGU retains a market cap of over $1.8 billion. Binance has faced scrutiny for listing low-cap airdrop tokens and meme coins, which often lead to pump-and-dump scenarios. #PudgyPenguins #PENGU #NFT #Crypto #Airdrop #Binance #SellOff #MarketCap

Recent data indicates a declining trend in the meme coin market, despite some high-profile successes. Over the past month, trade volumes have dropped from around $30 billion to under $14 billion, and leading meme coins have shown flat performance. While some meme coins like FARTCOIN have seen significant price hikes, others like DOGE have experienced sharp declines. Overall, the meme coin space is quietly underperforming, with market dominance against altcoins falling. Factors such as high-profile rug pull scams may contribute to this trend. Although it's too early to confirm a meme coin bear market, traders should be cautious of these bearish signals. #MemeCoin #Crypto #MarketTrends #Bearish #TradingVolume #Altcoins

Messari's Crypto Theses for 2025 provides a comprehensive analysis of the crypto industry, highlighting its resilience despite challenges such as high-profile bankruptcies and regulatory pressures. The report emphasizes a return to fundamentals, focusing on decentralization and user-centric innovation. Key trends include the strength of Layer 1 blockchains like Ethereum and Solana, the rise of decentralized finance (DeFi) protocols, and the growing importance of Bitcoin and tokenized real-world assets (RWAs).

Tether, a leading stablecoin issuer, is expanding its RWA (Real-World Asset) tokenization platform, Hadron, by offering its full user experience via APIs by February. This move will allow institutional investors to seamlessly integrate Hadron into their platforms, providing access to its comprehensive toolkit for tokenization, compliance, risk management, and more. Tether's focus on Hadron comes as the firm faces regulatory challenges in the EU due to the new MiCA regulations. Despite signaling a potential retreat from the European market, Tether is investing in a European stablecoin provider and using Hadron to maintain its influence. The platform has already garnered significant interest, with over 300 companies contacting Hadron for a demo. #Tether #Hadron #RWA #Tokenization #Stablecoin #Regulation #EU #MiCA

Grayscale has announced that its Horizen Trust (HZEN) is now open to accredited investors. This Trust, based on Horizen (ZEN), a zero-knowledge cryptography network, has been maintained by Grayscale for several years but was not previously available over-the-counter (OTC). The launch follows Horizen's final halving and a recent bull market rally, although ZEN's value is still significantly below its 2021 peak. Grayscale's move may be part of a broader strategy to offer more diverse investment products, including recent launches of Trusts based on Lido DAO, Optimism, and XLM, as well as pursuing new ETF offerings. However, Grayscale's ETFs have faced challenges, and the firm's plans for Horizen remain uncertain. #Grayscale #Horizen #ZEN #Crypto #Investment #ETF

Bitget has received a Bitcoin Service Provider (BSP) License in El Salvador, allowing it to offer various services, including Bitcoin to fiat exchange, payment facilitation, and secure custody solutions. This move is part of Bitget's broader strategy to expand into new markets, with El Salvador serving as a gateway to the Latin American market due to its crypto-friendly regulations. Bitget is also considering re-entry into the U.S. market and establishing a regional MiCA compliance hub in Europe. Meanwhile, El Salvador is seeking new compliance solutions and has agreed to reduce its Bitcoinization goals to secure a massive IMF loan. This partnership benefits both Bitget and El Salvador in achieving their long-term growth targets. #Bitget #ElSalvador #Crypto #Expansion #Regulation #Bitcoin

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Cardano's (ADA) value has declined by 11% over the past week, currently trading at $1.04. This drop is attributed to a decrease in holding time and a surge in selling activity from large investors. On-chain analysis reveals a 48% decline in holding time, indicating increased selling pressure and waning confidence. Additionally, large holders' netflow has decreased by 134%, suggesting lower accumulation and selling activity among whales. The Balance of Power (BoP) indicator confirms bearish sentiment, with a value of -0.34. If this sentiment strengthens, ADA's price could fall to $0.92. However, a bullish momentum shift could push the price above $1.07, potentially reclaiming the two-year high of $1.32. #Cardano #ADA #Crypto #PriceAnalysis #Bearish #Whales

Michael Saylor, co-founder of MicroStrategy, has hinted at another major Bitcoin acquisition, following the company's inclusion in the Nasdaq-100 Index. Saylor's cryptic social media posts have historically preceded significant Bitcoin purchases. If confirmed, this would be MicroStrategy's first acquisition since joining the Nasdaq-100, potentially marking a step towards entry into the S&P 500. Meanwhile, Marathon Digital Holdings is also aiming for a Nasdaq-100 spot, aggressively expanding its Bitcoin reserves to become the second-largest corporate holder. This highlights the growing influence of Bitcoin-focused firms in the tech and financial sectors. #MicroStrategy #Bitcoin #Nasdaq100 #MarathonDigital #Crypto #InstitutionalInvestment

Ethereum's (ETH) price has been oscillating within a narrow trading range, mirroring the broader cryptocurrency market's consolidation phase. However, a significant outflow of ETH from exchanges has sparked hopes for a potential rally towards $4,000. On December 14, 108,521 ETH worth over $418 million was withdrawn from exchanges, the highest single-day outflow since March 13. This bullish indicator suggests reduced selling pressure and increased holding, which could drive prices higher.

Drake's X (formerly Twitter) account was recently hacked to promote a fake meme coin, highlighting the growing number of crypto scams targeting high-profile accounts. The hackers misused Drake's account to advertise a scam coin called "Anita," falsely claiming a partnership with Stake. This incident underscores the rising trend of crypto scams on X, with an increase in fake accounts and sophisticated tactics combining phishing, malware, and social engineering. Users are advised to stay vigilant and avoid engaging with suspicious crypto offers or accounts. #Drake #CryptoScams #X #Twitter #Cybersecurity #Phishing #Malware

The crypto industry has seen a significant surge in investment since Donald Trump’s election victory, with projects raising over $1.3 billion from Venture Capital (VC) funds. This influx reflects growing optimism about a more favorable regulatory environment under the incoming administration. Notable fundraisers include the Avalanche Foundation, which secured $250 million, and significant investments in crypto infrastructure and DeFi projects. The funding spike is driven by anticipation of pro-crypto policies from the Trump administration, including the establishment of a Strategic Bitcoin Reserve (SBR) and key appointments like Paul Atkins for the SEC and David Sachs as the crypto czar. These developments are expected to bring regulatory clarity and foster greater investment in the sector. #Crypto #VentureCapital #Regulation #DonaldTrump #Investment

Ripple's (XRP) price rebounded strongly after temporarily slipping below $2, recording an 8% upswing in the past 24 hours. Several under-the-radar indicators suggest that XRP's rally may still have room to grow. The Mean Dollar Invested Age (MDIA) shows that previously dormant XRP tokens have returned to circulation, boosting trading activity and liquidity. Additionally, the Taker Buy Ratio indicates growing bullish sentiment, with buyers gaining control. On the 4-hour chart, XRP's price has regained bullish momentum, potentially climbing to $2.90 or even $3.50 in the short term. However, a decrease in buying pressure or a drop in dormant tokens flowing into circulation could lead to a decline to $1.93. #Ripple #XRP #Crypto #PriceAnalysis #Bullish

MicroStrategy is set to join the Nasdaq-100 Index, marking a significant milestone for the crypto industry. This inclusion reflects the company's growing prominence and the increasing institutional acknowledgment of crypto-related firms. MicroStrategy's stock has benefited from Bitcoin's price surge, creating a cycle of passive investment inflows that could boost its capital-raising ability and drive further Bitcoin acquisitions. However, there is a risk of reclassification as a financial entity, which could lead to its removal from the index. MicroStrategy's aggressive commitment to Bitcoin has been a key driver of its success. #MicroStrategy #Nasdaq100 #Bitcoin #Crypto #InstitutionalInvestment

Japan is facing calls to explore the feasibility of establishing a Strategic Bitcoin Reserve (SBR), following global interest sparked by Donald Trump's election victory in the U.S. Japanese lawmaker Satoshi Yamada submitted a formal question to the government, emphasizing the need to analyze global Bitcoin reserve initiatives and their potential benefits for Japan's financial markets and economic position. Yamada also raised the possibility of converting part of Japan's foreign exchange reserves into cryptocurrencies like Bitcoin. This proposal comes as several U.S. states, including Pennsylvania and Texas, introduce legislation to build strategic Bitcoin reserves. Additionally, Yamada expressed interest in the newly established U.S. Department of Government Efficiency (D.O.G.E.), suggesting Japan could draw inspiration from this initiative to foster economic growth and improve government efficiency. #Japan #Bitcoin #SBR #Crypto #GovernmentEfficiency #DonaldTrump

OpenSea has established a foundation in the Cayman Islands, sparking speculation about a potential token issuance. The registration, revealed by Mike Dudas, suggests OpenSea may be leveraging the jurisdiction's crypto-friendly policies. Industry observers believe this move could position OpenSea to issue a token, potentially boosting its competitive edge in the NFT market. The Cayman Islands' recent regulatory updates make it an attractive location for crypto businesses. Meanwhile, community members hope for an airdrop that rewards early adopters, especially from the NFT market's peak in 2021 and early 2022. This development comes as OpenSea faces challenges, including declining trading volumes and regulatory pressures. #OpenSea #NFT #Crypto #TokenIssuance #CaymanIslands

Despite Bitcoin (BTC) surpassing $100,000 and hitting a new all-time high, key indicators suggest it may still have room to grow. The Market Value to Realized Value (MVRV) long/short difference and the Realized HOLD (RHODL) ratio both indicate a bullish phase. The MVRV metric shows significant unrealized profits for long-term holders, while the RHODL ratio suggests the market is not overheated. A bull flag pattern on the daily chart further supports a potential rally to $112,500. However, a drop below the flag's lower boundary could invalidate this prediction, potentially leading to a decline to $89,867. #Bitcoin #BTC #Crypto #PriceAnalysis #Bullish

VanEck predicts a bullish cryptocurrency market in 2025, with Bitcoin expected to hit $180,000, Ethereum to surpass $6,000, and Solana to climb beyond $500. The firm also anticipates SUI reaching $10 during an impending altcoin season. Bitcoin is projected to reach a mid-term high in Q1 2025, followed by a new all-time high in Q4, with a potential 30% drop and altcoin corrections of up to 60% during summer consolidation. A market recovery is expected in the fall, with major cryptocurrencies regaining momentum. VanEck attributes this bullish outlook to sustained high funding rates and significant unrealized profits.