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During this airdrop frenzy, Pudgy Penguins not only successfully boosted the price of its NFTs but also further expanded its community and ecological influence. However, the benefits brought by the airdrop also stimulated a large amount of speculation, causing dissatisfaction within the community.
XRP whales snap up $2.17B in tokens as bullish momentum builds. Will XRP break to $3.50, or is a correction to $1.98 imminent?
Although bitcoin hitting $120k by year’s end is looking unlikely
Bloomberg analysts Eric Balchunas and James Seyffart are expecting a wave of new cryptocurrency-based ETFs next year after leadership takes over at the SEC.Both predict that a host of new ETFs could launch including a bitcoin and ether combo ETF, Litecoin and HBAR funds, and then eventually spot funds for Solana and XRP.
Quick Take “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years.
Quick Take Exodus Movement’s stock was listed on the New York Stock Exchange sister company, NYSE American, on Wednesday. EXOD stock is up over 37% as the trading day ends.
Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance. Bitcoin reaches a new all-time high, trading at $107,487. The market outlook for meme coins remains uncertain, with the potential for further decline.
Quick Take Donald Trump-backed DeFi platform World Liberty Financial and Ethena are planning a “long-term collaboration” starting with implementing the yield-bearing token, sUSDe. World Liberty Financial’s governance will be asked to decide on the implementation this week.
- 15:21Analyst: The VIX Index's Second-Biggest One-Day Gain in History Yesterday Signals Bitcoin May Have Hit a Local BottomThe Chicago Board Options Exchange Volatility Index (VIX) reportedly surged 74% on 18 December, marking the largest one-day increase since February 2018 and the second highest in history. Analysts say the spike stemmed from market fears triggered by the Fed's 25-basis-point rate cut and Powell's hawkish comments, which led to Bitcoin falling below $100,000 at one point and U.S. stocks dropping by about 3%. Historical data shows that large spikes in the VIX often signal that bitcoin has hit a local bottom, such as in February 2018, when bitcoin rallied from $6,891 to more than $11,000 after the VIX surged 116%, and in August 2024, when the VIX rose 65%, bitcoin rallied from $54,000 to $64,000.
- 15:21ACT falls to touch 0.3542 USDT, 24H down 22.34 per centACT fell to 0.3542 USDT, down 22.34% in 24H, the market showed.
- 15:20U.S. initial jobless claims for the week to 14 December 220,000, fell more than expectedOn 19 December, it was reported that US initial jobless claims fell more than expected last week, in line with the gradual cooling of job market conditions. The U.S. Department of Labour announced on Thursday that first-time initial jobless claims fell by 22,000 to a seasonally adjusted 220,000 (230,000 in a Reuters poll) in the week to December 14th.
