Coinedition
El Salvador’s Bitcoin investment has generated nearly $300 million in unrealized profits as prices surge. The country now holds 6,150 BTC, valued at over $433 million, after spending only $137 million on acquisitions. In the last 24 hours alone, the portfolio has grown by nearly $100 million.
AI-driven misinformation fears proved unfounded, with minimal impact on the 2024 election. Google and OpenAI limited election outputs, aiming to prevent potential misinformation issues. Perplexity’s live election hub with AP attracted over 4 million views, ensuring real-time updates.
EmberCN has spotted an ongoing development with FTX and Alameda Research. FTX and Alameda sold nearly all 25 million WLD tokens in their portfolio. The exchange made WLD transfers to BitGo, one of its distribution partners.
XRP’s trading volume in South Korea surpasses Bitcoin, reflecting its growing demand. CTF rewards program boosts XRP adoption by offering cashback and product redemption. Political unrest in South Korea caused XRP’s price to drop, but quickly recovered.
ONDO, SOL, and SUI have shown significant momentum in the 2024 bull cycle. Analysts think the bullish momentum will continue into 2025. All three cryptos received notable adoption from the onset.
IMF urges El Salvador to scale back Bitcoin use under $1.4B loan agreement. El Salvador balances Bitcoin adoption with fiscal reforms to boost financial health. Global crypto volatility pressures El Salvador’s cautious approach to Bitcoin strategy.
Bitcoin’s wallet returns are down 1.9%, signaling losses for many traders since October. Despite the price rise, the MVRV metric shows many traders are currently at a loss. New Bitcoin addresses keep growing, but the pace has slowed by 10% in the past week.
The lawsuit may have slowed Ripple’s growth to allow for thorough regulatory vetting. The legal battle forced Ripple executives to disclose critical information to the public. Ripple’s lawsuit helped create strategic partnerships while accumulating XRP from retail.
Pepe Coin’s support at $0.0000095 indicates buyer interest amid a surge. Bonk faces resistance at $0.0000233, a bullish break could signal upside. Floki’s support at $0.0001380 suggests stability, break above $0.0001480 needed.
Vitalik Buterin retweets Evan Van Ness, simplifying Ethereum’s future technical roadmap. Key upgrades include lower staking requirements, faster transactions, and enhanced decentralization. The “Merge,” “Surge,” and “Scourge” phases focus on scalability, censorship resistance, and network security.
