Crypto Daybook Americas: Memecoins Surge on Tron as Bitcoin Eyes FOMC Decision
The crypto infrastructure provider processed $8 billion in transactions in a month, CEO Bentzi Rabi told CoinDesk in an interview.
Utila, a digital asset operations platform, has raised $18 million in a Series A funding round to scale its multi-party computation (MPC) wallet service, driven by growing institutional demand for digital asset and stablecoin management.
The platform is seeing a surge in demand as payment providers, fintech firms, and neobanks increasingly integrate stablecoins and tokenized assets into their operations, CEO Bentzi Rabi told CoinDesk.
The new funding will support global expansion and product enhancements, including advanced gas management, API integrations, and smart contract support.
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Sui (SUI) has surged 11.25% in 48 hours, reclaiming attention as bullish sentiment returns to DeFi and gaming sectors. With its market cap now above $10.8 billion, here’s a concise breakdown of its technical setup and potential trajectory: --- ### Key Metrics & Trends - Recent Performance: - +5.38% (24h), +1.79% (7d), but -23.56% (30d). - Trading volume: $1.82B (24h), signaling strong interest. - Technical Indicators: - MACD: Bullish convergence (rising green histogram) hints at upward momentum. - EMA: 200-day EMA acts as support; 50-day EMA remains bearish, reflecting short-term caution. - Critical Levels: - Support: $3.5 (immediate), $3 (next), $2.88 (strong historical base). - Resistance: $3.83 (near-term target), $4.50 (mid-term), $5 (psychological milestone). --- ### Price Prediction: Two Scenarios 1. Bullish Case: - Holding above $3.5 could propel SUI toward $3.83, with a breakout potentially targeting $4.50–$5 if market-wide optimism (e.g., Bitcoin ETF inflows, DeFi growth) persists. 2. Bearish Risks: - A drop below $3.5 might trigger a retest of $3 or $2.88, especially if broader crypto markets face volatility or profit-taking. --- ### Why Sui? Sector Catalysts Sui’s blockchain focuses on high-speed transactions and scalability, making it a contender in DeFi and gaming—a sector poised for growth. Recent network upgrades or partnerships could amplify bullish sentiment. --- ### Strategic Takeaway - Watch $3.5: A sustained hold above this level suggests bullish control. - Market Sentiment: Crypto’s macro trends (e.g., Fed policy, ETF approvals) remain pivotal. - Volume Confirmation: Rising volume on upward moves would strengthen the bullish thesis. In summary, SUI’s technicals lean bullish, but traders should monitor key levels and sector developments closely. A break above $3.83 could signal renewed strength, while failure at $3.5 may invite deeper corrections. 🚀🔍
Armando Pantoja's analysis of XRP challenges traditional market cap valuation by emphasizing its unique transactional efficiency and reusability. Here's a structured breakdown of his argument and its implications: ### Key Points of Pantoja's Argument: 1. High-Speed Transactions: - XRP settles transactions in 3-5 seconds, far faster than Bitcoin or Ethereum, making it ideal for high-volume use cases like cross-border payments. 2. Token Reusability: - A single XRP token can be reused multiple times daily, enabling it to process trillions in transactions without requiring a proportional market cap. This "velocity" factor means the same token supports more economic activity than slower assets. 3. Market Cap vs. Transaction Volume: - Traditional market cap (price × supply) may not reflect XRP's utility. For example, $1 trillion in daily transactions could be facilitated by a smaller market cap if tokens are reused (e.g., $100 billion market cap with 10x daily velocity). 4. Price Predictions: - Short-Term (2026): $8–25, driven by bull market trends and adoption milestones. - Long-Term: $10,000, a speculative target based on unprecedented adoption and transactional demand. ### Critical Analysis: - Feasibility of $10,000: - At current supply (55B XRP), this would imply a $550 trillion market cap—over 5x global GDP. Even with reduced supply (e.g., 1B XRP), a $10T cap exceeds today’s total crypto market. This seems implausible without hyperinflationary demand or drastic supply reduction. - Short-Term Target ($25): - More realistic in a bull cycle, especially if Ripple secures regulatory clarity (e.g., resolving the SEC lawsuit) or expands partnerships. A 50x rise from $0.50 aligns with historical crypto volatility. - Velocity vs. Demand: - High velocity typically reduces the need for a large market cap (per the equation of exchange: MV = PQ). However, Pantoja argues that XRP’s utility could drive holding demand (e.g., liquidity pools for institutions), increasing price despite velocity. ### Challenges & Considerations: - Regulatory Risks: The SEC lawsuit against Ripple remains a hurdle. A favorable outcome could boost adoption; a loss might restrict U.S. usage. - Competition: Projects like Stellar (XLM) and stablecoins (USDC, USDT) offer similar speed and lower volatility, potentially limiting XRP’s dominance. - Supply Dynamics: Ripple’s escrowed releases (≈1B XRP monthly) could suppress prices if demand doesn’t match supply increases. ### Conclusion: Pantoja’s thesis hinges on XRP’s unique blend of speed, reusability, and institutional adoption potential. While the $10,000 target appears hyperbolic, the short-term $8–25 range is plausible in a bullish scenario. XRP’s value will ultimately depend on regulatory clarity, adoption by financial institutions, and its ability to outcompete alternatives in the payments space. Traditional market cap models may indeed underestimate XRP if its velocity-driven utility creates sustained demand for holding the token.
El Salvador's President shares the country's #bitcoin☀️ success; Elon Musk responds with a 'one-word' reaction.
El Salvador's President Nayib Bukele announced that the nation's Bitcoin holdings have surpassed $600 million in value. In a post on X (formerly Twitter), Bukele shared a screenshot showcasing the remarkable growth of the country's Bitcoin portfolio, coinciding with the cryptocurrency reaching the $100,000 mark for the first time.
El Salvador initially invested approximately $269.7 million in Bitcoin and now holds a portfolio valued at around $603 million, resulting in an unrealized profit exceeding $333 million. With nearly 6,000 Bitcoin in its reserves, as reported by Arkham Intelligence, the nation continues to see significant returns. Tesla and SpaceX CEO Elon Musk, known for his support of cryptocurrencies, responded to President Nayib Bukele’s updates with a single word: “Impressive.”
Polşada Rusiya mərkəzli kriptovalyuta birjası WEX-in keçmiş İcraçı Direktoru ABŞ-a mümkün ekstradisiya üçün həbs edilib
Keçmiş kripto icraçısı 2021-ci ildə əlaqəli ittihamlarla Polşada əvvəlcə həbs olunmuşdu, lakin 40 gündən sonra azadlığa buraxılmışdı.
Polşa hakimiyyətləri ABŞ Ədliyyə Nazirliyinin ekstradisiya tələbi əsasında Varşavanın mərkəzində Rusiya mərkəzli kriptovalyuta birjası WEX-in keçmiş rəhbərini həbs etdiklərini bildirirlər.
Yerli qanunlara görə yalnız Dmitry V. adı ilə tanınan bu şəxs WEX-dəki fəaliyyət dövründə dələduzluq və pul yuyulmasında ittiham olunur, WEX isə 2018-ci ildə çökmədən əvvəl Rusiyanın ən böyük kriptovalyuta birjası idi, $BTC -e-nin varisi olaraq, Reuters və Polşanın Rzeczpospolita mediasının 6 dekabr tarixli xəbərlərinə görə.
"Bu kişi ekstradisiya prosesinin tamamlanmasını gözləyərək saxlanılıb," Polşa polisi nümayəndəsi Reutersə bildirib, əlavə edərək ki, ABŞ-a ekstradisiya Dmitry V.-ni maksimum 20 illik həbs cəzası daşıyan ittihamlarla üz-üzə qoya bilər.
Dmitry V., Rusiya vətəndaşı, daha əvvəl 2021-ci ilin avqustunda Polşada həbs olunmuşdu, lakin məhkəmə qərarı səbəbindən 40 gün saxlanıldıqdan sonra azadlığa buraxılmışdı. 2022-ci ilin yayında, o, Qırğızıstanın Zagreb Hava Limanında Interpol tərəfindən Kazakistandan gələn ekstradisiya tələbi əsasında saxlanılmışdı. Eyni zamanda, 2019-cu ildə o, İtalyan hakimiyyətləri tərəfindən həbs olunmuşdu, lakin ekstradisiya tələbindəki səhvlər aşkarlandıqdan sonra qısa müddət sonra azadlığa buraxılmışdı.
Bitcoin broke past $100,000 for the first time on Dec. 5, fueling speculation of a potential $110,000 “local top” ahead of President-elect Donald Trump’s inauguration on Jan. 20.
Meanwhile, altcoin enthusiasm is surging as Tron ($TRX ) reached a record $20 billion market capitalization. This milestone has heightened expectations of an impending altcoin season, with some Bitcoin (BTC) profits likely to flow into smaller cryptocurrencies.
Bitcoin has entered the "parabolic phase" of its market cycle, with analysts predicting a potential local top exceeding $110,000 by late January.
This forecast aligns with Bitcoin's correlation to the Global Macro Investor’s Total Liquidity Index, which aggregates data from major central bank balance sheets, suggesting continued upward momentum.
Niyə kripto milyarderi Mayk Novoqrats Satoshi Nakamotonun ölmüş ola biləcəyini düşünür
$BTC , 3,7 trilyon dollarlıq kripto sənayesinin təməlidir, indi Uoll Stritdə ticarət olunur və bir ölkədə hüquqi tender kimi tanınır. Ancaq meteorlit yüksəlişinə baxmayaraq, dərin bir sirr qalır: onun mücərrəd yaradıcısı Satoshi Nakamoto hələ də yaşayırmı?
Galaxy Digital-ın CEO-su Mayk Novoqrats, Bitcoin-in mücərrəd yaradıcısı Satoshi Nakamotonun hələ də yaşayıb-yaşamadığına dair fikirlərini bölüşüb.
CNBC ilə müsahibəsində Novoqrats, Bitcoin-in arxasında duran sirli fiqurun ehtimal ki, ölmüş olduğunu irəlilədi.
“Əgər Satoshi yaşayırdısa — və mən onun yaşadığına inanmıram — əminəm ki, o, gülümsəyərdi,” Novoqrats Bitcoin-in $103,600-luq rekord yüksəkliyə meteorlit yüksəlişini müzakirə edərkən bildirdi.
O, Bitcoin-i “böyük bir kollektiv səylə nail olunan ən yaxşı nümunə” kimi xarakterizə etdi. Satoshi ilkin olaraq Bitcoin-i ödəniş sistemi kimi düşündü, lakin o, Novoqratsın “rəqəmsal qızıl” adlandırdığı bir şeyə çevrildi.
Satoshi-nin kimliyi ilə bağlı spekulyasiyalar davam edir, müxtəlif nəzəriyyələr yaradıcının bir fərd və ya qrup ola biləcəyini irəliləyir. Erken Bitcoin qəbul edən Hal Finney, bir zamanlar Satoshi namizədinin lideri hesab edilirdi, 2014-cü ildə vəfat etdi, bu da marağı artırdı.
Son HBO sənədli filmi Peter Toddun Satoshi ola biləcəyini spekulyasiya etdi, lakin Todd və daha geniş kripto icması bu iddianı rədd etdi. Kriptosferin əksəriyyəti üçün Satoshi-nin kimliyinin davam edən sirri yalnız Bitcoin-in cazibəsini artırır.
Syscoin (SYS) Surges Following Binance Futures Listing and ETF Developments
Syscoin (SYS) is the first EVM-compatible layer built directly into Bitcoin's Proof-of-Work (PoW) security model through merged mining. This innovative approach allows Bitcoin miners to utilize the same hashrate to mine Syscoin, significantly increasing their profitability. Remarkably, over 75% of Bitcoin miners worldwide also mine Syscoin, giving it the second-highest hashrate—and one of the most secure blockchain networks globally. Syscoin is licensed in both the UAE and the Netherlands and has secured regulatory approval for listing on Binance US, enabling trading by US citizens and residents.
As governments and major corporations integrate $BTC into sovereign wealth funds and corporate treasuries, a critical opportunity lies in the usability and programmability of Bitcoin, a $2 trillion asset. Unlike Ethereum and other Layer 1 chains, which operate entirely outside Bitcoin's PoW security model, Syscoin enables native smart contracts and decentralized finance (DeFi) solutions directly within the Bitcoin blockchain. This unlocks scalable and programmable capabilities for Bitcoin without leaving its network, positioning Syscoin as a transformative platform that can render other chains unnecessary for Bitcoin users.
The Syscoin team is in discussions with several publicly traded US corporations to include SYS in their corporate treasuries. This strategic move could open Syscoin to institutional investors, mirroring Bitcoin's success with MicroStrategy. Furthermore, Syscoin aims to emulate Ripple Labs' success with XRP, which experienced significant momentum following its ETF announcement with WisdomTree. With Syscoin's unique value proposition, it is poised to attract substantial institutional and retail interest in the evolving blockchain ecosystem.
El Salvador's "1 Bitcoin per day" investment strategy, initiated in November 2022, has resulted in the accumulation of 5,955 $BTC as of December 2024. With Bitcoin recently surpassing $100,000 per coin, the total value of the country's holdings has surged to over $610.5 million. This marks a significant 126% increase from the approximate $269.7 million El Salvador initially invested, giving the country an unrealized profit of over $340 million.
President Nayib Bukele's decision to make Bitcoin legal tender in 2021 and his subsequent investments have been transformative. Despite criticism from global institutions like the IMF, this strategy has positioned El Salvador as a pioneer in cryptocurrency adoption. The portfolio's growth aligns with Bitcoin's broader rally, driven by favorable macroeconomic factors.
Would you like insights into the criticisms or other countries' crypto strategies?
Tron has surged by 95% in a single day, reaching a new all-time high
Tron Soars 95% in a Day, Reaches New All-Time High
Tron ($TRX ), one of the top-ranking cryptocurrencies by market cap, has outshined its peers with a staggering 95% price surge in just 24 hours. This surge comes as Bitcoin (BTC) struggled earlier in the day, briefly dipping to $93,000.
With a market capitalization of $36 billion, Tron saw a record-breaking trading day, registering $10 billion in trading volume—an increase of nearly 500%. The token's price surged from $0.21 to $0.43 within a day, setting a new all-time high of $0.40, surpassing its previous June 2018 peak.
Over the past month, Tron’s price has skyrocketed by 157%, reflecting its growing momentum and strong performance within the crypto market.
Former U.S. President Trump is reportedly set to announce his replacement for the SEC Chair tomorrow.
Former President Donald Trump is expected to announce his choice for the next Securities and Exchange Commission (SEC) chair tomorrow, according to sources cited by FOX Business reporter Eleanor Terrett.
The announcement aligns with Trump’s campaign pledge to dismiss Gary Gensler on his first day in office. Gensler, who has already stated his intention to step down effective January 20, leaves behind a controversial legacy marked by a rigorous crackdown on cryptocurrency and an assertive regulatory approach.
Former SEC Commissioner Paul Atkins is among the potential candidates for the role, as part of a shortlist that includes Robinhood Chief Legal Officer Dan Gallagher, Willkie Law Firm Partner Robert Stebbins, and current SEC Commissioner Mark Uyeda.
The nominee is expected to significantly influence the SEC's approach to cryptocurrencies, financial markets, and corporate oversight, signaling a potential shift in the commission’s regulatory priorities.