Bitcoin mining companies MARA and Hut 8 have significantly increased their Bitcoin holdings, with MARA purchasing a total of 15,574 BTC for approximately $1.53 billion, raising its treasury to 44,394 BTC valued at over $4.4 billion. Hut 8 added 990 BTC for about $100 million, bringing its total to 10,096 BTC. Both firms rank among the top six publicly traded companies by Bitcoin holdings, despite recent declines in their stock prices amid a broader market downturn.
North Korean hackers stole over $1.3 billion in cryptocurrency in 2024, doubling their haul from the previous year, according to Chainalysis. The increase in thefts, particularly larger attacks, indicates a growing sophistication in their operations. Despite a decline in global hacking activity later in the year, the DPRK's hacking efforts remain significant, with notable incidents including a $235 million breach of the WazirX exchange.
In 2024, institutional investors acquired 859,454 Bitcoins, equivalent to eight years of issuance, driven by the rise of US-traded spot Bitcoin ETFs, which now manage 1.4 million BTC. Public companies, notably MicroStrategy, added 297,673 BTC to their treasuries, enhancing market liquidity. Growing interest in a "Bitcoin Strategic Reserve" among lawmakers, alongside existing holdings by countries like Bhutan and El Salvador, signals a potential shift towards broader institutional and sovereign adoption of Bitcoin.
Wall Street rebounded on Thursday following its worst session in over three months, driven by strong U.S. economic growth data. Market participants found optimism after reflecting on the Federal Reserve's hawkish stance regarding interest rates.
Dogecoin (DOGE) has experienced significant volatility, with an 18.35% drop in value amid broader market uncertainty influenced by Federal Reserve Chair Jerome Powell's remarks. The cryptocurrency's price fluctuations are driven by external events, community sentiment, and its unlimited supply, raising concerns about its long-term viability. As Dogecoin navigates these challenges, its future remains uncertain, with investors closely monitoring its recovery potential.
Co-founders of Glassnode attribute Bitcoin's recent dip below $100,000 to the Fed's hawkish stance on interest rates, but they anticipate a recovery as Bitcoin shows strong outflows from exchanges. Currently trading at $100,426, Bitcoin's dominance is at a critical juncture, potentially signaling a rally or a resurgence of altcoins in the coming days.
Dogecoin is nearing a critical level at $0.3563, with the Relative Strength Index (RSI) indicating oversold conditions, suggesting potential for a rebound. Despite trading below the 100-day Simple Moving Average, signs of bullish momentum are emerging, but the market's direction remains uncertain. Traders are closely monitoring price action and RSI movements to gauge whether a recovery or further decline is imminent.
Lightchain AI is emerging as a transformative force in the blockchain sector, emphasizing innovation, scalability, and real-world applications across industries like healthcare and finance. Its $LCAI token, with a successful presale raising over $1.27 million, supports a robust ecosystem focused on AI services and decentralized governance. In contrast, Just a Chill Guy (CHILLGUY) relies on meme culture for community engagement but lacks substantial technological advancements, limiting its long-term viability.
NFTfi.com and Fabrica have completed a groundbreaking $200,000 loan backed by a tokenized plot of land in Los Angeles, marking the largest land-backed loan in blockchain history. This transaction, facilitated by early Ethereum investor Tony Herrera, showcases the potential of decentralized finance in transforming traditional real estate markets. With support from notable investors like Mark Cuban, the partnership aims to create a more efficient and accessible system for real estate financing through blockchain technology.
Dogecoin's price has plummeted over 25% in just two days, dropping from above $0.41 to a five-week low of $0.31 amid a broader cryptocurrency market correction. Analysts suggest that further declines could see DOGE testing key support levels around $0.22 before potentially resuming its upward trend following the recent political developments in the U.S.
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