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Hyperliquid (HYPE) Threatened By North Korean Hackers: What Investors Need To Know
Hyperliquid (HYPE), a decentralized perpetual exchange (DEX) operating on its own Layer 1 blockchain, is currently grappling with significant security concerns after observing abnormal trading activities linked to North Korean hacker groups. Several addresses marked as North Korean hacker have been trading on Hyperliquid, with a total loss of more than $700,000, as first highlighted by @tayvano_, a crypto threat tracker known for his expertise in identifying risks related to North Korean cyber activities.
According to @tayvano_, the nature of these transactions suggests that they may be tests of Hyperliquid’s security systems rather than mere financial activity. He expressed his concerns through a post on X. “DPRK’s trading career is…uh….going….. tbh if I was the dude managing Hyperliquid’s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now. Hyperliquid dudes don’t seem worried at all though so I’m sure its fine. […] DPRK doesn’t trade. DPRK tests,” he explained.
Further underscoring the urgency of the situation, @tayvano_ followed up with a strong statement about the necessity for immediate action by Hyperliquid to enhance its defenses. “My offer from 2 weeks ago still stands Hyperliquid. I’m still happy to do it async or via a call. I can even give you one of my super nice happy colleagues if you don’t like me. But a massive amount of harm will come to people if you don’t harden your ass asap,” he warned.
Hyperliquid Faces Some Serious RisksPrithvir Jhaveri, founder and CEO of Loch, a personalized crypto portfolio analytics and intelligence platform, provided an assessment of the challenges which Hyperliquid is facing via X. Jhaveri detailed the operational security risks, highlighting the exposure due to the platform’s reliance on a minimal number of validators.
“Wallet addresses well-known to be from the North Korean hacker group Lazarus have been testing Hyperliquid. Typically, these addresses perform tests with live funds before coordinating a hack. Their preferred method of approach is phishing. HL has only 4 validators, all running the same code,” Jhaveri reported.
He also elaborated on the regulatory challenges that Hyperliquid might face. He discussed the potential for violations of US Office of Foreign Assets Control (OFAC) sanctions and Securities and Exchange Commission (SEC) regulations due to the platform’s interaction with entities from a sanctioned country and its operation as an unregistered broker, respectively.
They’re operating financial software that is being used by an OFAC-sanctioned country (DPRK). They can argue that their software is open source and non-custodial, but we’ll have to wait and watch. Moving from 4 validators to 16 could help their case,” he explained about OFAC risks.
About the SEC risks, he added: “The SEC could go after HL for operating as an unregistered broker. The good thing for HL is that the next administration’s SEC and Congress are positioned to be pro-crypto and freedom. The issue, however, is that the sponsors for this crypto lobby are directly competitive to HL. HL didn’t take any VC funding. They’re up against the big money that is economically incentivized to protect the interests of the current CEXs (Coinbase and Kraken) and L1s (Ethereum and Solana).”
The concentration of market-making activities within Hyperliquid’s own liquidity provider (HLP) is another concern Jhaveri raised, pointing out the risks associated with a centralized approach to liquidity. He warned that any significant exploit could lead to substantial financial loss for customers: “The HyperLiquid Liquidity Provider (HLP) is by far the largest MM by volume […] One bug or exploit and customer funds could vanish quickly.”
In conclusion, Jhaveri summarized the strategic position of Hyperliquid amid these challenges. “The HL team has built an incredible product. Trading perps on Hyperliquid is unparalleled in UX. However, the risks they face are not nothing. If they can overcome these, Valhalla is not far away […], but I’m struggling to see the risk-adjusted upside in bidding right now.” he concluded.
At press time, HYPE traded at $28.
Адам Бэк: Квантовые вычисления окажут неожиданный эффект на сеть Биткоина
Litecoin HODLing Strong Despite 15% Crash: 54% Of Supply Dormant Since 1+ Years
On-chain data shows HODLing behavior on the Litecoin network has remained strong recently despite the plunge that LTC’s value has observed.
Litecoin HODLers Currently Control The Majority Of SupplyIn a new post on X, Litecoin’s official handle talks about how the asset supply is distributed between its different cohorts right now. The investors have been divided into the groups in question based on holding time.
There are three such cohorts relevant here: Traders, Cruisers, and HODLers. The first of these, the Traders, refers to the investors who bought their coins within the past month. This cohort includes the new investors and short-term traders of the market, so the supply held by them is constantly in motion.
Holders that make it past the one-month cutoff are put into the Cruisers group. This cohort represents the side of the sector that has the potential to evolve into a resolute wall.
Investors that hold past the one-year mark without moving their coins even once can be assumed to have lived up to this potential and are put in the HODLers category.
Below is the chart from the market intelligence platform IntoTheBlock shared by the Litecoin X account that shows how the supply held by each of these three groups has changed over the course of the network’s history:
As displayed in the graph, the supply held by Litecoin Traders has observed an increase recently, which suggests the older cohorts have been breaking their dormancy.
It’s also visible, however, that the Cruisers have witnessed their supply moving sideways at the same time, implying the coins on the move have been older than one year. That is, the HODLers have potentially been participating in a selloff.
These investors generally tend to be quite resolute, but it’s not unusual to see them taking profits during bull runs. The decline in their supply has also not been anything too significant so far. More importantly, the latest crash in the Litecoin price hasn’t caused these investors to panic and sell.
After the decrease, the HODLers carry 40.5 million LTC in their wallets, equivalent to almost 54% of the total LTC supply. A lot of this supply is also actually much older than one year, as the cryptocurrency’s handle has revealed the average holding time on the network is 2.4 years per token.
Something to note is that while selling registers immediately in the supply charts of the older cohorts, buying isn’t the same. Whenever the Cruisers or HODLers see an increase in their supply, it doesn’t mean that accumulation is happening in the present, but rather that it occurred one month or one year ago.
This is naturally due to the fact that coins have to age up sufficiently first in order to be counted among these cohorts. In contrast, transactions instantly reset back their age to zero, which is why selling is immediate.
LTC PriceAt the time of writing, Litecoin is trading around $102, down 15% over the last week.
Crypto Market Sees $1 Billion Outflows—Bitcoin And Select Altcoins Show Resilience
The latest report from CoinShares, a leading digital asset investment firm, reveals that last week’s performance for crypto asset investment products was mixed.
According to the report, the market experienced inflows totaling $308 million, marking a continuation of positive trends. However, there was also a series of outflows that amounted to roughly $1 billion.
Deciphering The Fund FlowsThe data shared by CoinShares highlighted substantial outflows, with December 19 witnessing a single-day outflow of $576 million. The final two days of the week contributed an additional $1 billion in total outflows, raising concerns among market participants about sustained investor sentiment.
James Butterfill, Head of Research at CoinShares, explained that these outflows “coincided with a price correction” and “followed the hawkish outlook” presented by the Federal Reserve during its Federal Open Market Committee (FOMC) meeting.
According to Butterfill, the market reacted to the revised “dot plot,” which suggested potential future interest rate hikes. Despite these notable outflows, the cumulative impact on total assets under management (AuM) was relatively minor, equating to just 0.37% of total AuM.
Butterfill further noted that this event ranks as the 13th largest single-day outflow recorded, with the most significant outflow occurring in mid-2022 after a similar FOMC announcement.
While the headline numbers suggest market caution, Bitcoin (BTC) showed resilience, managing net inflows of $375 million despite intra-week volatility. Notably, short Bitcoin products saw minimal activity, indicating continued investor confidence in Bitcoin’s long-term potential.
Altcoins and Multi-Asset Investment TrendsThe report further revealed the contrasting performances between various altcoins and multi-asset investment products. Particularly, outflows from multi-asset funds were quite significant hitting $121 million, as investors took a more selective, asset-specific approach.
Such behavior indicates investors are becoming pickier and targeting assets with firmer fundamentals and the potential to grow. Ethereum (ETH) remained a prominent performer, securing $51 million in inflows over the week.
These inflows reaffirm Ethereum’s position as a key player in the digital asset space, driven by sustained institutional interest and optimism surrounding its technological upgrades.
However, not all major altcoins shared this positive momentum. Butterfill reveals that Solana (SOL) experienced $8.7 million in outflows, contrasting sharply with Ethereum’s positive movement.
It is worth noting that the discrepancy suggests a divergence in investor sentiment between these two major assets, potentially influenced by ongoing ecosystem developments and perceived risks.
In contrast, following ETH, XRP emerged as one of the standout altcoin performers, recording $8.8 million in inflows. Similarly, Horizen (ZEN) and Polkadot (DOT) reported inflows of $4.8 million and $1.9 million, respectively, highlighting a preference for specific altcoins despite broader market volatility.
These inflows suggest continued investor confidence in the long-term potential of select blockchain ecosystems, even amid short-term corrections.
Featured image created with DALL-E, Chart from TradingView
Bitcoin Average Trading Volume On CEX Stands At $31B – Still Far From The Record Highs In March
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin’s rally could resume at any moment. Market sentiment appears cautious but hopeful, with many eyeing key support and resistance levels for confirmation of the next major move.
CryptoQuant analyst Axel Adler recently shared intriguing data on X, shedding light on Bitcoin’s current trading dynamics. According to Adler, the average daily trading volume on centralized exchanges (CEX) is currently at $31 billion—significantly lower than the $40 billion record highs observed in March and December of this year. This decline in trading activity suggests that market participants are waiting for clearer signals before committing to large positions.
The reduced trading volume highlights an environment of consolidation and potential accumulation as BTC continues to hold above critical support levels. With bullish sentiment still intact and on-chain metrics pointing to strong fundamentals, the coming days could provide pivotal insights into Bitcoin’s trajectory. Investors are now closely monitoring the price action for signs of renewed momentum as the market braces for what could be the next phase of Bitcoin’s bull run.
Metrics Suggest An Ongoing RallyBitcoin has been undergoing a period of consolidation below its all-time high, and many investors have felt a sense of uncertainty, wondering if the cycle’s top has already arrived. This fear has been amplified by the recent price pullback, but key metrics suggest that there is still plenty of room for growth and demand in the market. The current price action might look bearish to some, but the underlying data points to a continued bullish outlook in the near term.
Top analyst Axel Adler recently shared insightful data on X, revealing that the average daily trading volume on centralized exchanges (CEX) currently stands at $31 billion, which is $9 billion lower than the record highs observed in March and December of this year.
Despite this decline in volume, it suggests that the market is in a consolidation phase rather than a full-blown downturn. Additionally, ETF trading volumes remain strong, averaging $4.4 billion per day, with a peak of $6.7 billion reached in March. Combined, these metrics total an average of $35.5 billion in daily trading volume, reflecting substantial activity in the market.
Now, consider the scenario where traditional finance (TradFi) never entered the space. In such a scenario, the market would have likely continued as it has in the past—driven by futures and spot market activity during cycle peaks.
The involvement of TradFi has undoubtedly added liquidity, but it hasn’t fundamentally altered the market’s natural dynamics. The fact that Bitcoin continues to experience healthy trading volume suggests that the bull market may not be over just yet.
Bitcoin Holding Strong Above $95KBitcoin is currently holding above the crucial $95,000 level, which is a key price point for determining the short-term direction. This level has acted as a significant support zone, and if BTC can maintain its position above $95K in the coming days, a push towards the $100K mark would be expected. This potential upward move would signal that the bulls are regaining control and are preparing to challenge previous all-time highs.
However, if BTC fails to hold above $95K and loses this level of support, it would likely send the price to test lower demand zones. In this scenario, the next significant support level lies around $92,000, which could act as a critical test for the market’s strength. A breach below this mark would increase the likelihood of a deeper correction, with BTC possibly moving toward even lower levels.
The coming days will be crucial for BTC, as maintaining support above $95K is vital for sustaining the bullish momentum and avoiding further downside pressure. The market remains in a delicate balance, and the next move could determine whether Bitcoin continues its ascent or faces a more significant pullback.
Featured image from Dall-E, chart from TradingView
Analyst Presents Master Plan For This Meme Coin To Jump 1,100% In Q1 2025 – It’s Not Dogecoin Or Shiba Inu
Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI), a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025.
Floki Set For 1,100% Pump In Q1 2025In a recent X (formerly Twitter) post, Master Kenobi expressed optimism about Floki’s future price prospects. He based his forecasts on historical price cycles, which appear to follow a predictable pattern every 365 days.
The analyst shared a chart showing that Floki has exhibited recurrent bull patterns approximately one year apart. During each year, a significant price pump began after a period of consolidation, marked by the red arrows and purple rectangles on the chart.
Kenobi highlighted that during the 2021 price pump, Floki surged 92X after undergoing a consolidation period of about 112 days. Following this pump, the meme coin experienced a massive decline of about 98.5% before stabilizing slightly and starting another round of consolidation.
Over the past few years, the price of Floki has surged significantly, experiencing a bullish trend similar to that of its 2021 pump. The chart’s data shows that the meme coin rose 11X in 2022 and 22X in late 2024.
Based on this recurring bullish trend, Kenobi suggests Floki is approaching a breakout zone where its price could skyrocket to new highs this cycle. The analyst projects a minimum 10X to 11X pump for Floki by Q1 2025.
The yellow rectangles on the chart indicate a critical time frame before a major breakout, with a significant price jump often occurring after 112 or 140 days of consolidation. If past trends hold, Kenobi predicts Floki could see a breakout after two weeks if it consolidates for 112 days or in early February if it stabilizes for 140 days.
Looking at the chart’s analysis, each cycle Floki recorded a massive price pump, with an upward movement lasting about 35 days. Following the recurrent historical trends, a similar timeframe is anticipated for Kenobi’s projected 1,100% price breakout for Floki.
According to CoinMarketCap, the price of Floki is currently trading at $0.000169, reflecting a 25.4% crash over the past week. Despite this downtrend, if Floki can surge by 1,100%, it would propel its price to $0.00185, marking a new all-time high.
Macro Indicators And RSIIn addition to historical data, Kenobi has revealed that macro indicators like Floki’s Relative Strength Index (RSI) add credibility to his 1,100% price forecast for Floki. Historically, when the RSI reached similar levels after each consolidation phase, Floki followed up with an explosive price action.
This consistency between past trends, technical indicators, and Floki’s price behavior further strengthens the analyst’s confidence in his bullish prediction of an 11X surge by Q1 2025.
Dogecoin Set For A Potential Rebound, A Big Upsurge For DOGE Incoming?
Recent price movements suggest a potential resurgence of Dogecoin’s upward momentum in the midst of growing volatility within the general crypto market. As a result, several crypto analysts continue to display robust confidence in the dog-themed meme coin’s upside trajectory toward higher levels.
A Rally For Dogecoin Just Around The Corner?Despite prevailing bearish market sentiment, a bullish sign has been spotted in Dogecoin’s current price performance. Market expert and investor Trader Tardigrade has pointed out that DOGE could be gearing up for a major move in the near future. This bold prediction indicates the meme coin’s resiliency and stability amidst waning conditions. His growing confidence in Dogecoin is solely attributed to a bullish trend cited on the DOGE’s 3-day time frame, particularly an Ascending Trend Zone.
According to the market expert, Dogecoin has converted previous resistance into support, signaling renewed strength in the meme coin’s price action. Meanwhile, a price rejection is seen at the ascending trend zone.
Investors and traders have taken notice of this optimistic trend, seeing it as a possible basis for future upward momentum. Trader Tardigrade claims that the development is a good and encouraging indication that the market continues to move in the right direction.
Dogecoin further showcases its potential for substantial upside growth following the formation of an Ascending Channel pattern. This key pattern, also known as channel up, consists of two lines facing an upward direction, representing resistance and support levels or higher highs and higher lows.
The expert highlighted that Dogecoin, forming the key pattern from the bottom, has reached near the upper line of the channel. With market sentiment improving, DOGE’s ability to break above this newly established pattern could pave the way for significant price gains in the coming sessions.
Trader Tardigrade highlighted that the anticipated breakout may occur anytime soon, citing the recreation of a large bullish candle observed in January 2021. He expects the official announcement about business mogul Elon Musk assuming his duties as the head of D.O.G.E (Department of Government Efficiency) in January 2025 to propel the meme coin’s price, possibly reaching new all-time highs.
DOGE Bearish Performance ContinuesDogecoin continues to witness bearish movement, raising uncertainty about its short-term potential. The persistent drop has impacted investors’ confidence, leading to a nearly 25% decline in trading volume in the past day.
At the time of writing, DOGE was trading at $0.31, indicating a more than 20% decrease in the last 7 days. Once DOGE regains its upbeat strength, the next crucial resistance level to watch out for could be the $0.337 mark. Justin Bennet, a technical analyst and trader, anticipates a rally to $0.48 and $0.74 should the meme coin reclaim the $0.337 level on the daily time frame and higher.
Проблемы-2025, или Между Сталиным и Путиным
Компания MicroStrategy приобрела 5 262 биткоина за $561 млн
5 Crypto Coins Trending This December That You Don’t Want to Miss
The long-awaited Santa Rally seems to have come to a premature end – but you’ve still got the Christmas bonus burning a hole in your pocket.
With Bitcoin finishing down last week for the first time since early November, investors are consolidating their positions. But where should you drop some USD if you have a little free pocket change and want to buy the dip?
While the slight downturn is not quite the Christmas gift we’re looking for – the market remains strong, up 100% in total market cap over a year ago.
And with a pro-crypto US government about to take the reins, there’s plenty of potential out there, especially in the altcoin space. That’s why we’ve rounded up the five 5 low-cap coins you shouldn’t underestimate as 2025 draws to a close.
Solaxy – The Solana Upgrade You Always WantedMore than a mere meme, Solaxy ($SOLX) is a coin with real utility, and aims to solve the problem some people have experienced with the Solana platform.
Solana – which staged a successful comeback in the latter half of 2024 – is widely considered faster and more reliable than Ethereum.
But that doesn’t mean it’s as fast or as reliable as it could be. That’s where $SOLX comes in.
The Solaxy project bills itself as the first-ever Solana Layer-2. The $SOLX token offers lucrative staking in the early stages, and the project has already reached $4.6M in presale.
$SOLX is also multi-chain, so it blends the speed and scalability of Solana Layer 2 with the increased scalability of Ethereum.
Currently, 1 SOLX = $0.001576 in the presale, but the price is set to go up soon.
iDEGEN – AI-Powered Crypto Degen TradingAI is what you make of it.
So what if you made it a crypto-obsessed, degen-trading, memecoin-loving blockchain addict?
That’s exactly what iDEGEN is — a blank-slate AI created without existing restraints or guardrails and set loose on the crypto Twitterverse, or is that Xverse? In any event, every time someone tweets at or responds to iDEGEN, it responds – and it learns.
The idea of an AI degen that’s even more addicted to shitcoins than we are seems to have its appeal; iDEGEN released a V2 last week and instantly saw a boost in presales to over $8M.
The project is attracting a lot of press, and going through the X feed is a treat. Also, who says AI can’t be used to your advantage?
Wall Street Pepe – Green Frog Vibes, Wall Street Smarts$WEPE relies on some simple math.
Take one (1) OG Pepe the frog, add one (1) Wall Street hedge investor type, and get two (2) winning ideas: a savvy investment community and $PEPE memecoin chops.
With the tagline ‘Trade like $PEPE, buy $WEPE,’ Wall Street Pepe is smashing records in its presale and looks set for sustained success.
$WEPE already has $35M raised with weeks to go in its presale period. The token looks set to emulate and even top the success of the original Pepecoin and the recent Pepe Unchained memecoins.
1 $WEPE = $0.0003653, at least until the next price increase.
Vantard – Diversify with a Memecoin PortfolioVantard wants to make crypto investing cool. And easy. And profitable.
The presale, still in its early stages, is showing signs of promise, with nearly $1M raised so far.
Vantard offers an investment portfolio of memecoins as a way to supercharge return on investment in the highly volatile – but highly lucrative – memecoin sector.
It’s a unique approach, offering time-poor investors an easy way to invest in a curated selection of the top memecoins, all through one token, the provocatively named, $VTARD.
Dogizen – Be First with a Telegram Gaming ICOTelegram gaming (and memecoin investing, and igaming, and so much more) took off in 2024. In fact, Telegram’s own token, $TON, also made waves.
Now, Dogizen aims to be the first Telegram ICO.
The first of anything is always exciting, and Dogizen looks set to further bridge the gap between Telegram’s millions of users and the growing number of crypto investors.
Dogizen has also been rumored to be in the running for a Binance listing, which is sure to add to the $2.4M raised in the presale so far.
Purchase Dogizen tokens for $0.000081 before the next stage of the presale.
Santa: Delivering Memecoin Winners for Christmas?While there’s no guarantee with memecoins, we think it’s a good idea to keep an eye on these 4 coins – Santa might be leaving a crypto winner under your tree.
That said, this is not investment advise. You need to do your own research and make sure that you’ve got a clear head before making any investment.
Cardano Founder Clarifies Partnership Strategy Amid Governance Issues
In a livestream on December 21, titled “Partnerships,” Cardano founder Charles Hoskinson addressed lingering questions about the relationship between Input Output (IO) and the Cardano Foundation (CF), while also offering broader insights into the ecosystem’s path forward. During the nearly 40-minute session, Hoskinson responded to a public remark by a longtime community member, Rick McCracken, touching on everything from on-chain governance to potential integrations with ecosystems like Polkadot, Hedera Hashgraph, and more.
Hoskinson Takes Another Jab At The Cardano FoundationThe conversation stemmed from McCracken’s post on X questioning whether disagreements between IO and the CF might jeopardize external partnerships. In that post, McCracken expressed concern, writing, “If Charles, Tam, and Fred can’t build a lasting professional relationship between IOHK and Cardano Foundation inside of the Cardano ecosystem, why should I expect them to build the lasting professional relationship with organizations outside the ecosystem?”
Hoskinson responded directly, explaining his frustration with what he calls a longstanding, “philosophical and fundamental difference” between the two entities. Throughout the livestream, he emphasized that these disagreements largely revolve around the foundation’s structure and its use of community funds, which he believes should be steered by the ecosystem rather than a closed board.
“For three years, there’ve been disagreements and fights because there’s a philosophical and fundamental difference between the Cardano Foundation and Input Output,” Hoskinson stated. “Some fights are worth having, because that’s a war chest for our ecosystem and it’s under the control of people that are unaccountable to the community.”
A central point of contention, according to Hoskinson, is the Cardano Foundation’s control over an estimated $600 million worth of ecosystem funds. He underscored that, in his view, these funds are “the community’s money” and should be deployed with robust transparency and accountability.
“It’s $600 million of your money, my money, everybody’s money,” Hoskinson said. “That’s the philosophical issue, and for three years behind the scenes, our people and their people tried to hammer this out.”
Hoskinson insisted that conflicts over governance are not simply “petty differences.” Instead, he described them as core to Cardano’s decentralized identity and future, particularly as the platform moves toward on-chain governance through CIP-1694 and prepares for major developments in 2025.
Upcoming Cardano PartnershipsDespite internal governance challenges, Hoskinson stressed that external collaborations remain robust. He pointed to ongoing talks with various blockchain ecosystems—Polkadot, Hedera Hashgraph, and Elrond (now MultiversX)—as well as discussions with big tech players like Microsoft Azure.“We have never had better opportunities as an ecosystem to make partnerships with people because the reality is we have great tech,” he said. “What are we doing with the Polkadot ecosystem, what are we doing with Elrond, what are we doing with Hedera Hashgraph? … We’re going to have some great announcements.”
With regards to Microsoft Azure, Hoskinson revealed: “[I’m] talking to all the legacy people as well. Especially the big guys. Just had a meeting with Microsoft Azure because they’re a confidential Computing Consortium. This whole idea of merging this big infrastructure, it’s a great play for Midnight.”
Speaking on the latter, Hoskinson highlighted Midnight, an upcoming Cardano-based protocol focused on data protection, privacy, and confidential computing, which he said has “95 partnerships” already in the pipeline.
Throughout the livestream, Hoskinson consistently underscored the importance of on-chain governance as the long-term mechanism to resolve disagreements and steer Cardano’s evolution. He applauded community-driven initiatives like Intersect and Pragma, both aimed at bringing more coordination among builders, core developers, and other stakeholders.
“Your duty as a Constitutional Committee Member—and it’s the duty of the Cardano people who participate in governance—is to put the spotlight on the on-chain governance system,” he noted, urging individuals across the community to “grow up” and engage productively.
Despite acknowledging tensions, Hoskinson remains optimistic about Cardano’s trajectory. He referenced the ecosystem’s growing DeFi and NFT sectors—pointing to teams such as Midgard and Gummy Worm on Layer 2, and the upsurge in memecoins within the Cardano ecosystem.
“We have a great DeFi ecosystem,” Hoskinson said, naming multiple projects. “Every year, month after month, they grow in population, they grow in TVL, they keep releasing new additions. They’re learning how to build on Cardano.”
At press time, ADA traded at $0.90.
Ball Star ‘Bo’ Hines to Coach Crypto Council as $WEPE Keeps All Eyes on the Prize
In the US, former football star Robert “Bo” Hines has been appointed as executive director of the Presidential Council of Advisers for Digital Assets, signaling yet another positive move for cryptocurrency policy.
President-elect Donald Trump broke the news on his social media platform Truth, announcing Hines as the latest addition to his newly formed Crypto Council, which Trump describes as an “advisory group composed of luminaries from the crypto industry.”
Hines is a law graduate and former college footballer who played for the NC State Wolfpack and Yale Bulldogs. After retiring from American football in 2017, the Republican entered politics in 2021.
Trump is wasting no time in assembling his luminous Crypto Council. He recently announced that it’s to be chaired by “AI and crypto czar” David Sacks. This South African-born entrepreneur has been mandated to “work on a legal framework, so the crypto industry gets the clarity it has been asking for, and can thrive in the US,” according to Trump.
Another recent Trump appointment is that of Sriram Krishnan as Senior Policy Advisor for AI at the White House Office of Science and Technology Policy.
Sriram, a founding member of Windows Azure, is expected to work closely with Sacks and the Crypto Council.
Full Speed Ahead For CryptocurrencyHaving a Crypto Council in the White House is a highly significant move for cryptocurrency. The advisory group of pro-crypto hotshots is set to focus exclusively on digital-asset policies in the US. And with the right legislation in place, the crypto market can only grow.
Trump also plans to establish a US bitcoin strategic reserve, prompting MicroStrategy founder Michael Saylor to claim that a bitcoin reserve could create $81 trillion for the US Treasury.
Saylor is also proposing a digital assets framework, under which clear roles for issuers, exchanges, and owners will be defined, evening the playing field and ensuring that no participant – regardless of their role – is able to“lie, cheat, or steal.”
That’s great news for the cryptocurrency market, including newcomers such as Wall Street Pepe ($WEPE). This presale meme coin has a similar mantra – evening the playing field for the smaller frogs and preventing whales from manipulating the crypto market.
Wall Street Pepe is building an exclusive, insider community, giving everyday investors an opportunity to take on the whales and see their own high returns by working together and sharing insights and tips.
Touted as a presale meme coin to watch, $WEPE has been smashing every new presale record with $35M already raised. It saw a $6 million capital inflow within just 24 hours and has a rapidly growing frog army on X marching in step as the meme-coin momentum continues.
A heads-up, though. The presale is about to enter its next stage, so the clock is ticking if you’re considering taking the leap. Remember, it’s your responsibility to DYOR, as this article does not constitute financial advice.
Begin with a visit to the $WEPE X channel, and take some time to read the whitepaper.
[Make like Trump and] Buy the Dip: Altcoins to Buy Now for Highest Returns
With his genius for bankrupting businesses – including a casino – who would have thought that people would be seriously taking financial cues from President-elect Donald Trump? Yet here we are.
As cryptocurrencies dip slightly over the holidays and Trump takes advantage of the lower prices to boost his own portfolio, here are the top altcoins and meme coins you should be considering right now.
Ever since the US election, cryptocurrency has been on something of a drunken rampage, with Bitcoin going as high as $106,278.242 and Ethereum as high as $4,046.24. But now it’s sobering up, and we’re seeing some price corrections. Bitcoin is down 9.5% and the crypto market as a whole is down about 12%, as the Fear and Greed Index readjusts.
Extreme Greed Is Now Dropping To Neutral LevelsThe Crypto Fear and Greed Index more or less measures whether crypto prices are driven by fear or greed. On a scale of 0-100, zero indicates extreme fear, and 100 indicates extreme greed.
Ever since Donald Trump won the US presidential election in November, the index has been in the high 90s, indicating plenty of greed. But what goes up must come down, and as of today, the index is sitting at 54. Even so, these are just the opportunities to look for.
Trump’s World Liberty Financial Treasury didn’t hesitate to take advantage of the crypto dip and bought $2.5M of Ethereum, bringing up its total Ethereum holdings to $50.5M. Obviously, few can match that level of investment, but even so, buying into the dip makes sense if you want to beef up your crypto portfolio before the market recovers again, as it almost inevitably will come the presidential inauguration.
Price Fluctuations Are Imminent – Hold Onto Your Portfolios!Before then, however, brace for some rapids. December 27 is going to shake up the markets as crypto sees the biggest options expiry event ever, with over $19.8 billion in Bitcoin options expiring. As traders take the opportunity to adjust their positions and minimize losses, both Bitcoin and Ethereum are likely going to experience short-term price fluctuations, which may make you think twice about your investments.
In this generally bullish market, any price shakeups will hopefully just be temporary. But as a crypto-friendly US President is inaugurated in a few weeks, the market will most likely shoot up once again. So, it’s best not to rush into cashing out. It may be a good idea to wait and see how it plays out.
The Altcoins To Focus OnYou may want to take your cue from President-elect Trump and jump on the lower crypto prices or diversify into the Altcoin boom happening right now. With low presale prices and attractive staking APYs, low-cap meme coins show the greatest short-term gains potential. Here are the top meme coins on our radar right now.
- Wall Street Pepe ($WEPE) is currently sitting on a token price of $0.0003653 (with the price about to go up today), and a staking APY of 38%. It just goes to show that the frogs can’t be stopped, and they’re getting wiser every day.
- Solaxy ($SOLX) is sitting pretty at $0.001576 per token (the price will increase tomorrow), and it’s offering a staking APY of 857%.
- Flockerz ($FLOCK) is another good token that’s taking off right now. One Flock is $0.006504, and it’s promising a staking APY of 364%.
- Best Wallet Token ($BEST) is the currency connected to Best Wallet, and has a current value of $0.023325, with the price going up in less than two days from now. Its staking APY currently sits at 8%.
- Meme Index ($MEMEX) follows Crypto All-Stars’ MemeVault example and describes itself as the “world’s first decentralized meme coin index.” It’s giving a token price of $0.0145702 and a staking APY of 5,636% (no, that’s not a typo.)
- CatSlap ($SLAP) is proving popular with degen investors thanks to its gamified approach. This is shown by its token price of $0.00336082 and staking APY of 40%.
- SpongeV2 ($SPONGE) replaces SpongeV1, with their website claiming a 32% increase in the token price, compared to V1. Each token is currently valued at $0.000008, and it brings a staking APY of 15%.
Price decreases are a normal part of investing, and big decreases can be a cause for concern. But, what we’re seeing right now are just gradual changes as the market readjusts to a more reasonable price level. That said, it’s also a great time for you to grab some more crypto, before the price hopefully starts to rise again.
To finish, let us provide the usual disclaimers by saying that we can only make predictions, not guarantees. Always read various sources and do your independent research. Plus, never invest what you can’t afford to potentially lose.
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Crypto All-Stars Blockbuster Presale Raises $26M, $STARS Meme Coin Lists on DEXs
Crypto All-Stars is launching its native token, $STARS, on the decentralized exchange (DEX) Uniswap today at 2 pm UTC.
Ahead of the DEX listing, the meme project surpassed $26M on presale, which ended on Friday. $STARS momentum is fueled by its role as the linchpin of MemeVault, a novel unified meme coin staking platform.
The pre-listing shoutout on CoinMarketCap, Binance chatter, and comprehensive audits by Coinsult and SolidProof also add to $STARS’ popularity.
$STARS Staking Protocol Features 11 Major Meme CoinsThe MemeVault will go live after the DEX listing, enabling early adopters to stake 11 major meme coins (Dogecoin, Shiba Inu, Pepe, Floki Inu, Brett, Mog Coin, Milady, Turbo Token, Toshi The Cat, Coq Inu, and Bonk) straight away.
$STARS is a central part of MemeVault, multiplying staking rewards for its holders.
To encourage user engagement, a $20K event dubbed the ‘Last Meme Standing Competition’ will start tomorrow (December 24) at 2 pm UTC. Details currently remain scarce, but it could be an excellent opportunity for $STARS holders to win freebies within MemeVault.
Crypto-All Stars Taps Into CoinMarketCap’s 340M Monthly User BaseCoinMarketCap further boosts demand for $STARS. The crypto tracking website with over 340M monthly visitors gave the token a rare pre-listing shoutout.
Moreover, MemeFi Club, which has 3.8M+ subscribers on YouTube, recently speculated Binance has been eyeing $STARS after it raised $1M in a post-presale listing.
Given Binance’s position as the leading centralized exchange (CEX) with a 24-hour trading volume edging close to $22B, it could significantly enhance $STARS accessibility and liquidity.
On top of that, $STARS is fully audited by Coinsult and SolidProof, so there’s no reason to worry about rug pulls or code vulnerabilities.
In addition, Best Wallet featured $STARS in the ‘Upcoming Tokens’ section. Over 100K avid traders use this self-custody crypto wallet to search for the next meme coin leader.
$STARS price is also set to increase as its circulating supply decreases with time; tokens with limited supply often attract higher demand.
Buy $STARS on Uniswap TodayThe soon-coming Uniswap listing is a significant boon for $STARS. The DEX has an impressive $991M 24-hour trading volume, which increases $STARS’ odds for broad acceptance.
When also considering its CoinMarketCap feature, Binance rumors, full audits, Best Wallet listing, and burning mechanism, it’s no wonder $STARS is projected to be among the meme coins set to skyrocket before Christmas.
To buy $STARS, visit Uniswap at 2 pm UTC.
For more information, check out the Crypto All-Stars Telegram and X.
Disclaimer: This isn’t investment advice. Always DYOR, and never invest more than you can afford to lose.