Der Bitcoin-Preis fällt auf 95.000 US-Dollar. Analysten sehen eine mögliche neue Verkaufswelle. Crasht BTC also weiter?
Bayerische Datenschutzbehörde fordert Worldcoin zur Löschung auf
Das BayLDA will von Worldcoin Anpassungen für mehr Datenschutz erwirken, doch das KI-Unternehmen fordert mehr Klarheit.
Bitcoin and Dogecoin in focus as iDEGEN fires on all cylinders
Artificial intelligence (AI) is reshaping the crypto space and savvy investors are keen on grabbing the integrated opportunities. Investor interest in AI-themed meme coins has soared in recent months, pushing the market’s market cap to $6.74 billion as highlighted on CoinGecko.
Among the AI meme coins on investors’ radar is iDEGEN; the one-of-a-kind social experiment with wild results. With less than two weeks before it hits the public shelves, an overwhelming number of early adopters are amassing $IDGN tokens. The craze is beyond a Bitcoin-led rally, it’s an evolution founded on community and FOMO.
BTC records steady inflows despite crashed reserve dreams
Bitcoin price was subject to profit-taking for the second consecutive session on Thursday after hitting a fresh record high of $108,577.25 earlier in the week. The sell-off saw the top crypto drop below the psychological zone of $100,000 to trade at $99,266.51 as at the time of writing.
On Wednesday, the Fed Chair stated that the US central bank has no interest in building a Bitcoin reserve. Speaking on the matter, Jerome Powell indicated, “we are not allowed to own bitcoin”. His remarks were in response to a query by a reporter on whether he sees value in the US government owning a BTC reserve similar to the US oil reserve.
Even so, Bitcoin’s fundamentals are still strong. Notably, Bitcoin spot ETFs have recorded steady inflows over the past 15 sessions with the cumulative net inflows exceeding $37 billion. The consistent inflows reflect heightened investor interest and a long-term bullish sentiment.
iDEGEN’s craze intensifies ahead of its listing
The crypto space is ever evolving and iDEGEN is here to push the limits. As a groundbreaking project, its appeal lies in its absence of rules, fair pricing model, and the unlimited power accorded to its community.
Similar to other meme coins, the success of this experiment largely lies on its virality. Aware of this principle, its creators has left its development to Crypto Twitter.
Every 60 minutes, the AI agent posts on X, assimilating all the chaos thrown its way by the degens in the form of tweets, tags, and comments. This approach has generated immense curiosity and engagement; prompting sales of over 1 billion $IDGN tokens in less than a month. Subsequently, the project has raised over $7 million since its launch on 26th November.
iDEGEN’s concept of ‘by the community, for the community’ has also been bolstered by its fair pricing model. Potential investors not only want to be part of the project, but they can afford to own a piece of it.
As opposed to the random figures offered by the creators of most meme coins, iDEGEN has ensured its holders get the price they asked for. To do so, $IDGN’s token price drops by 5% if no purchase is made within 5 minutes and rises by 5% if buys are made in two successive intervals of 5 minutes.
Upon its listing on 1st January 2025, the unsold tokens will be destroyed with a 10% premium added to $IDGN’s final presale price. At the time of this publication, the token was up by 921% at $0.201. Learn more about iDEGEN here.
Dogecoin price: Elon Musk is at it again with a $1 prediction
Dogecoin price has dropped by about 35% since 8th December when it rallied to a three-year high. The pullback corresponds with BTC’s profit-taking and easing of the crypto fear & greed index. While the index remains at the greed end of the spectrum, it was at 75 on Thursday compared to the prior session’s 81 and last month’s 90.
In addition to persistent bullish sentiment, Dogecoin price is finding support in Elon Musk’s appointment in the newly formed Department of Government Efficiency. What’s more, the billionaire AI bot, Grok AI, has predicted that the meme coin may hit $1 in early 2025. In the past, remarks by Musk have heightened investor interest and bolstered Dogecoin price.
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Court gives Coinbase the green light to delist Wrapped Bitcoin (WBTC)
- A US federal judge has allowed Coinbase to delist WBTC despite BiT Global’s objections.
- Judge Martínez-Olguín denied BiT Global’s TRO, citing lack of evidence of harm.
- Despite the delisting and Coinbase launching cbBTC, WBTC dominates the wrapped digital assets market with an 85% share.
In a pivotal legal decision, a California federal judge has ruled in favour of cryptocurrency exchange Coinbase, allowing it to proceed with the planned delisting of Wrapped Bitcoin (WBTC).
The ruling, delivered by Judge Araceli Martínez-Olguín of the US District Court for the Northern District of California, came after a contentious legal battle initiated by BiT Global, a digital asset custodian partly owned by Tron founder Justin Sun.
The BiT Global lawsuit against Coinbase for WBTC delisting
The dispute began in November 2024 when Coinbase announced its intention to delist WBTC, citing concerns over its association with Justin Sun.
Sun, a controversial figure in the crypto space, has faced allegations of fraud and market manipulation.
BiT Global responded by filing a $1 billion lawsuit against Coinbase on antitrust grounds, seeking a temporary restraining order (TRO) to halt the delisting. The firm argued that the move would destabilize WBTC’s market and cause substantial financial harm to investors.
Temporary restraining order (TRO) declined
During a virtual hearing on December 18, Judge Martínez-Olguín denied BiT Global’s request for a TRO, ruling that the company failed to provide sufficient evidence of imminent and irreparable harm. She noted that BiT Global’s delay in filing the lawsuit after Coinbase’s initial announcement weakened its case.
In its defence, Coinbase pointed to BiT Global’s refusal to disclose ownership details and concerns about Sun’s influence over the token’s integrity.
While the court left open the possibility for BiT Global to present stronger evidence in the future, the decision effectively cleared the path for Coinbase to delist WBTC as planned on December 19.
Notably, WBTC’s delisting comes amid Coinbase’s recent launch of its own wrapped bitcoin token, cbBTC, raising questions about competitive motives.
Despite the controversy, WBTC continues to dominate the wrapped bitcoin market, holding 85% of the Ethereum network’s market share.
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Binance.US will ab Anfang 2025 wieder USD-Dienste einführen
Binance-CEO Richard Teng will im neuen Jahr wieder den US-Dollar auf seiner amerikanischen Kryptobörse einführen.