Schlagwort: crypto business

• Filecoin price fell 7% to under $1.40 on Thursday to put bulls under pressure.
• The dip comes amid an overall decline for AI tokens.
• Market outlook and technical chart suggest Filecoin could dip to $1.20 and $1.00.

Filecoin price has extended its recent losses, falling by more than 7% in the past 24 hours to hit lows of $1.37.

The decentralized storage network’s token risked further losses as sellers breached the key psychological support level at $1.40.

Broader market weakness, including across the stock market, meant bulls were facing potential downside continuation.

FIL declines as AI tokens see losses

The latest leg lower for Filecoin saw bulls touch levels last seen in October, with prices down across all timelines. However, the token boasts a 117% uptick since crashing to near $0.63 on October 10.

FIL price has declined by about 12% over the past seven days.

As highlighted, the downturn coincides with renewed weakness across the cryptocurrency market. Despite the US Federal Reserve’s December meeting and rate cut, cryptocurrencies failed to rally.

Bitcoin dipped below $90,000 before recovering, dragging the broader altcoin market lower. BTC remains precariously poised above the $90k mark.

Filecoin’s decline also mirrored sharp losses among leading artificial intelligence-focused tokens. Bittensor (TAO), NEAR Protocol and Render (RENDER) all shed gains and hovered red over the past 24 hours.

Notably, AI tokens were seeing a fresh sell-off amid a similar outlook in traditional markets.

In premarket trading, AI-related equities Oracle and Nvidia declined as the broader technology shares market came under pressure ahead of Thursday’s open.

What’s next for Filecoin price?

The $1.50-$1.45 zone served as a key support range for Filecoin price after bears took out the $1.60 level in November.

With price now decisively below $1.50 and the $1.40 buffer broken, bulls risk further downside movement.

In the near term, this bearish outlook will strengthen if the price breaks to $1.30.

Bearish momentum remains dominant on the daily chart.

The Relative Strength Index (RSI) has fallen to 36 and shows room for additional selling pressure.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator signals weakness since a bearish crossover in mid-November. Bears taking over will bring the $1.20 and $1.00 levels into play.

Despite the threat of a downward continuation, bulls still have a slight advantage. A decisive breakout from the $1.30 zone could open the door to a retest of higher levels.

In November, FIL pumped more than 100% in two days as prices rose from lows of $1.32 to highs of $3.92.

Bulls will have to contend with the 50-day exponential moving average near $1.73 if they are to strengthen a potential trend reversal.

The post Filecoin (FIL) extends losses below $1.40 as market weakness deepens appeared first on CoinJournal.

• Bitcoin price showed fresh weakness as bulls revisited support below $90,000.
• The top coin dropped despite the US Federal Reserve’s interest rate decision.
• Oracle stock was down 11% in premarket trading amid AI trade jitters.

Bitcoin price failed to rally on Wednesday as the US Federal Reserve cut its interest rate, and showed weakness on Thursday as it fell to under $90,000.

The dip in BTC price reflected across cryptocurrencies, with major coins also tumbling to key levels amid fresh sell-off jitters.

While the top digital asset remains near the critical level as of writing on December 11, 2025, risk assets are broadly weak on signs of turbulence in technology stocks.

Oracle’s shares tumbled after the company’s miss in its profit and revenue forecast.

Why did the Bitcoin price fall today?

Bitcoin hovered around $90,379 at the time of writing, down 2.4% in the past 24 hours.

The bellwether crypto asset nonetheless traded off its intraday lows of $89,458. Losses came amid a 9% uptick in daily volume to over $70 billion.

While stocks saw gains after the Fed’s rate cut, a premarket dump for Oracle pulled other AI stocks down and signalled fresh losses likely to encourage Wall Street bears.

In premarket trading, CNBC highlighted that Oracle shares plummeted by more than 11%.

This cascaded across AI-related peers, with Nvidia down nearly 2% and Micron 1.4% at the time. Microsoft, cloud company Coreweave and AMD also traded negatively.

This outlook, even tougher on crypto, pushed BTC lower.

Ethereum, XRP and Solana all shed gains as the market continued to reel from the crash and sentiment flip that followed the October 10, 2025 bloodbath.

CryptoQuant analysts say short-term holders dominate the count, still hovering in the “Pain Zone”.

“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones,” an analyst at CryptoQuant noted.

BTC Short-Term Holders are Still in a Pain Zone

“Structurally, these deep loss pockets usually show up closer to the late stages of a correction than the early ones.” – By @IT_Tech_PL pic.twitter.com/bw39CfxGh6

— CryptoQuant.com (@cryptoquant_com) December 11, 2025

Standard Chartered cuts BTC forecast for 2025

A lack of momentum since dipping below $100,000 has analysts recalibrating their end-of-year forecasts.

Standard Chartered,for instance, said earlier this week that it was cutting its 2025 BTC price prediction from $200k to $100k.

Geoff Kendrick, the global head of digital assets research at the banking giant, pointed to the slowdown in buying by Bitcoin treasury companies as a factor.

According to the analyst, bulls may now have only one key price driver- the spot exchange-traded funds space.

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• Bhutan launches TER, a gold-backed crypto on the Solana blockchain.
• TER links physical gold to digital assets, boosting investor access globally.
• DK Bank is responsible for distributing TER, with Matrixdock handling token infrastructure.

Bhutan has made a striking move in the world of digital finance by launching TER, a gold-backed cryptocurrency built on the Solana blockchain.

The token, introduced through the Gelephu Mindfulness City (GMC), a special administrative region designed to attract global investment, represents a novel approach to bridging traditional asset security with blockchain technology.

Each TER token corresponds to a fixed amount of physical gold held in institutional custody, giving investors a regulated and transparent way to own gold digitally.

Gold meets blockchain in Bhutan

The TER token is distributed and custodied exclusively by DK Bank, Bhutan’s first licensed digital financial institution regulated by the Royal Monetary Authority.

The tokenisation infrastructure is provided by Matrixdock, a digital asset platform licensed under the GMC authority.

During the initial phase, investors can acquire TER directly through DK Bank, with all assets securely held in institutional custody.

Bhutan’s authorities have emphasised that TER combines the familiarity of traditional gold investment with the advantages of blockchain, including instant settlement, on-chain verification, and global transferability.

Gelephu Mindfulness City’s design allows for regulatory flexibility, enabling the launch of such digital assets under a sovereign-backed framework while remaining aligned with the nation’s core principles of transparency, sustainability, and long-term stewardship.

The initiative also underscores Bhutan’s goal of creating a digitally focused financial ecosystem, attracting international investors, and providing a city-level pilot for responsibly integrating crypto into the national economy.

Bhutan’s planned embrace of blockchain technology

TER is part of Bhutan’s broader and carefully planned embrace of blockchain technology.

The kingdom began Bitcoin mining operations in 2019, powered by its abundant hydroelectric resources, and has accumulated 5,984 BTC valued at more than $536 million, ranking it as the seventh-largest sovereign Bitcoin holder worldwide.

In addition to Bitcoin, GMC has announced plans to hold Ethereum and Binance Coin as part of its strategic reserves.

Bhutan has also partnered with Ripple to pilot a Central Bank Digital Currency, aiming to test a digital version of the national currency, the Ngultrum.

Beyond its crypto reserves, Bhutan has integrated blockchain into practical applications, such as its national digital identity system, which has been migrated to the Ethereum blockchain.

This makes Bhutan the first country to anchor a population-scale ID system on a public blockchain, providing more than 800,000 citizens with cryptographically verifiable credentials by early 2026.

Additionally, partnerships with Binance Pay have enabled the use of cryptocurrencies in the tourism sector, supporting over 100 digital currencies across more than 100 local merchants.

Setting a regional precedent

Bhutan’s TER token not only represents a leap in integrating blockchain with traditional finance but also reflects a strategic vision for sustainable economic innovation.

By connecting physical gold to digital assets within a regulated framework, the kingdom demonstrates how small nations can experiment with technology-driven financial models while preserving sovereignty and cultural values.

This development positions Bhutan as a pioneer in the use of blockchain for real-world asset tokenisation, potentially serving as a model for other countries seeking to modernise their financial ecosystems.

Notably, the launch of TER comes shortly after Kyrgyzstan unveiled USDKG, a gold-backed stablecoin pegged to the US dollar with an initial issuance of $50 million.

These initiatives highlight a growing regional trend where smaller nations are experimenting with state-backed digital assets tied to tangible reserves.

The post The Kingdom of Bhutan launches a gold-backed crypto on Solana appeared first on CoinJournal.

• SEI token, native to the high-performance layer-1 blockchain network Sei, climbed on December 10, 2025.
• This came amid news of a strategic partnership with Xiaomi Corporation.
• One of the world’s leading smartphone manufacturers will integrate the Sei crypto wallet.

The market reaction to the news could see the token jump to highs last seen in early November.

Sei announces partnership with Xiaomi

Sei Labs, the development team behind the Sei blockchain, officially announced its huge collaboration with Xiaomi on December 10, 2025.

Xiaomi is one of the world’s largest smartphone makers, and Sei’s deal looks to tap into this to bring crypto to users.

A new era of mobile finance is coming to Xiaomi’s global user base.

A next-gen finance app powered by Sei and designed for stablecoin payments, will be integrated into the Xiaomi mobile ecosystem, coming pre-installed on new devices.

Money made instant — built into your phone. pic.twitter.com/75ly01AHB3

— Sei (@SeiNetwork) December 10, 2025

The two companies eye adoption via an everyday consumer device, specifically through a next-generation crypto wallet and discovery app.

Per details, the integration will feature a pre-installed crypto wallet on all new Xiaomi smartphones. The first target is for devices distributed outside mainland China and the United States.

As such, initial rollout targets Xiaomi’s formidable global footprint across Europe, Latin America, Southeast Asia, and Africa.

The regions boost notable crypto traction and Sei wants to build on this. Xiaomi’s presence accounts for over 36% of the smartphone market in Greece and over 24% in India.

The smartphone sold over 168 million devices in 2024, accounting for 13% of the global market share.

The integration via a pre-installed wallet will allow for effortless onboarding, with support available for Google or Xiaomi account credentials.

As well as decentralized applications (dApps), the partnership targets peer-to-peer transfers and consumer-to-business transactions.

Sei and Xiaomi plan to enable stablecoin transactions, leveraging assets like USDC natively on the Sei network.

Stablecoin payments will roll out starting in Hong Kong and the European Union by the second quarter of 2026.

“This collaboration with Xiaomi represents a watershed moment for blockchain adoption,” said Jeff Feng, co-founder of Sei Labs. “By embedding Sei’s high-performance infrastructure directly into one of the world’s most popular smartphone ecosystems, we’re not just solving the onboarding problem—we’re reimagining how billions of users will interact with digital assets in their daily lives.”

Why is this big for SEI?

To further catalyze innovation, Sei has committed $5 million to a Global Mobile Innovation Program.

This initiative will fund developers and startups building real-world blockchain applications tailored for consumer devices, fostering a broader ecosystem around mobile-centric web3 solutions.

But for Sei, the partnership with Xiaomi transcends mere distribution.

Xiaomi’s traction and the pre-installation of the Sei app could onboard tens of millions of new users annually.

Other than dramatically expanding Sei’s wallet base in emerging markets, it positions SEI at the forefront of real-world utility.

SEi’s price gains mirror this sentiment.

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