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At the beginning of 2025, there are multiple reasons to maintain optimism for BTC and crypto
Hedera gains 5% in a day, supported by robust technicals like rising ADX and Ichimoku Cloud signals. HBAR nears key $0.40 resistance.
Quick Take President-elect Trump’s X and Truth Social accounts have promoted an ‘Official Trump Meme’ memecoin, which reached a market cap of over $9 billion within three hours of launch. The memecoin appears to be associated with the same entity that launched Trump’s NFT trading cards, which will receive 80% of the tokens over 3 years, with only 10% reserved for a public distribution. Industry leaders celebrated Trump’s imminent inauguration at a ‘Crypto Ball’ in D.C. on Friday night.
Quick Take Ethereum co-founder Vitalik Buterin, in a post on X, said “large changes” to the leadership structure of the Ethereum Foundation (EF) are underway. Buterin outlined goals of improving communication and better supporting Ethereum’s developer community, but said the EF’s core mission will not change. The post comes as fellow Ethereum co-founder Joseph Lubin called for new leadership at the EF, floating two names to replace current director Aya Miyaguchi.
Litecoin gains 12% in 24 hours, with a golden cross and bullish momentum driving its rally. RSI and CMF show strong investor confidence.
- 22:18Turkey bans PancakeSwap over unauthorized cryptocurrency activitiesAccording to a report by Jinse Finance, the Turkish Capital Markets Board (SPK) has announced a ban on the decentralized exchange PancakeSwap, citing its unauthorized provision of crypto asset services to Turkish residents. This action was carried out in accordance with relevant provisions of the Capital Markets Law. The ban is part of a broader crackdown on unlicensed platforms, involving more than 60 crypto and forex websites in total.
- 21:53SIM swap attacks rampant, causing nearly $50 million in crypto asset lossesAccording to FBI statistics, there were over a thousand SIM swap attacks in 2023, resulting in nearly $50 million in losses. Scammers impersonate the phone owner to trick mobile carriers into swapping SIM cards, intercepting SMS verification codes to steal funds from crypto wallets. Notable cases include Iterative Capital co-founder Brandon Buchanan, who lost $450,000 worth of Bitcoin to such a scam. Experts recommend using app-based authenticators instead of SMS for two-factor authentication. High-risk users should set up a dedicated phone number for two-factor authentication and use different email addresses to register for various services. Institutions can adopt multi-signature wallets and blockchain risk control tools (such as Crystal Intelligence) to monitor transactions in real time and intercept anomalies, reducing the risk of asset theft.
- 21:13If Bitcoin Falls Below $106,000 (UTC+8), Total Long Liquidations on Major CEXs Will Reach $958 MillionBlockBeats News, July 4 — According to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity on major CEXs will reach $958 million. Conversely, if Bitcoin breaks above $110,000, the cumulative short liquidation intensity on major CEXs will reach $685 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart shows the extent to which the underlying asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price hits that level, there will be a more intense reaction due to a wave of liquidity.