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Bitget's CEO has criticized Hyperliquid for its management of a "suspicious" incident related to the JELLY token. The remarks highlight concerns over transparency and accountability in the handling of the situation, raising questions about the platform's operational integrity.
Bitcoin analysts are closely monitoring the weekly close, emphasizing the need for the cryptocurrency to surpass the $85,000 mark to avoid a potential correction to $76,000. Ryan Lee, chief analyst at Bitget Research, highlights that the current market lacks direction amid global trade tensions and easing inflation concerns. A close above $85,000 is deemed critical following Bitcoin's recent relief rally post-FOMC meeting and lower CPI readings.
Melania Trump's memecoin peaked at a $13 billion valuation before collapsing, while her husband Donald Trump's token, TRUMP, currently trades at $25.77 with a $5.1 billion market cap. Meanwhile, Errol Musk aims to raise up to $200 million for the MUSKIT memecoin, which has seen fluctuating values since its launch.
Rising bond yields and macroeconomic challenges are impacting the cryptocurrency market, with Solana (SOL), PEPE, and the newly launched BUZZ token gaining attention. SOL faces bearish signals from a rising wedge pattern, while PEPE prepares for a halving event that could affect its supply dynamics. BUZZ, leveraging AI in DeFi, has surged significantly since its launch, but its future depends on maintaining investor interest amid market volatility.
A recent survey by CryptoQuant reveals that the majority of crypto users are young, predominantly male, and well-educated, with 60% aged 25-44 and 62% having over three years of experience in the space. Binance is the leading exchange globally, while Bitcoin and Ether are the most favored cryptocurrencies. Users primarily engage in spot trading, with only 19% trading derivatives, and they rely on independent research and social media for investment decisions.
In 2024, Binance's market share declined significantly, dropping from 49% to 39% in the spot market and from 50% to 38% in contracts, as competitors like Bybit and Bitget gained ground. Spot trading volumes surged by 14% in December, with Bitget leading at 102% growth, while Crypto.com dominated the derivatives market with a staggering 930% increase. Overall, website traffic across exchanges rose by 22%, with Bitget achieving a notable 103% increase, highlighting a shift in the competitive landscape of cryptocurrency exchanges.
Ripple's XRP price rebounded to $2.53 after recent volatility, with analysts predicting further growth due to Donald Trump's inauguration and changes in SEC leadership. Meanwhile, Shiba Inu's TREAT token launched, with major exchanges offering airdrops to boost user engagement. Bitcoin recovered from a dip below $90,000, currently trading near $95,000, as industry leaders forecast strong momentum for 2025.
Shiba Inu is set to launch its new token, TREAT, on January 14, 2025, with major exchanges like KuCoin, Gate.io, and Bitget participating in a special airdrop. Users can claim tokens by creating accounts on these platforms and following specific steps outlined by Shibarium’s Marketing Strategist, LUCIE. However, caution is advised as scammers are exploiting the excitement around TREAT, with warnings to avoid clicking on suspicious links or connecting wallets.
Cryptocurrencies experienced a downturn last week, influenced by risk-off sentiments following the Fed's cautious stance on inflation and economic data. Bitcoin fell from $102,733 to $91,188, while Ethereum and Solana also logged losses, with Ethereum's price dropping to $3,236 and Solana closing at $188. Ripple, however, saw a slight increase, closing at $2.55, buoyed by positive developments in its SEC case.
Crypto airdrops can attract users and generate interest, but many have faltered due to unfair distribution, technical errors, and unrealistic expectations. Projects like EigenLayer and Hamster Kombat faced backlash for last-minute rule changes and delays, leading to diminished trust and token value. While airdrop farmers can enhance engagement and fraud detection, the balance between maintaining active participation and preventing exploitation remains a challenge for many projects.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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