angus6423

@angus6423

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To fuel the Web3, blockchain and AI innovation, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), which launched on Dec. 9, 2024, will grow to a computing power of 3,000 petaFLOPS and will be able to process 3,000 quadrillion floating-point operations per second.

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It’s now reshuffled and downsized its crypto enforcement team and paused many of its lawsuits filed against crypto firms. The agency had also reportedly relegated its former top crypto litigator to its IT department.

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This allowed the hacker to gain control of the cold wallet and transfer all ETH to an unknown address,” Dolev told Cointelegraph.

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https://warpcast.com/alfredandme009/0x01a38969

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Retail investor appetite for celebrity-endorsed memecoins has been boosted since US President Donald Trump launched his Official Trump (TRUMP) memecoin on Jan. 18, followed by First Lady Melania Trump’s Melania Meme (MELANIA) token on Jan. 19 on the Solana network ahead of his inauguration on Jan. 20.

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Moreover, the project shared no preliminary information about its tokenomics, a major red flag among crypto traders.

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Today in crypto, crypto traders bagged millions as Trump’s Solana memecoin sparked a frenzy, Wyoming is the latest US state to introduce a bill for a Strategic Bitcoin Reserve, and the Securities and Exchange Commission charged Digital Currency Group and former Genesis CEO for misleading investors.

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“The conduct admitted to in these plea agreements is deeply disturbing and cannot be tolerated,” said US Attorney Martin Estrada. “I am grateful for the cooperation of Sheriff Robert Luna and the Los Angeles County Sheriff’s Department in working with our office to root out corruption and uphold civil rights.”

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Terraform Labs co-founder Do Kwon appeared before a New York magistrate on Jan. 2, less than a week after being extradited to the United States to face criminal charges for his role in the Terra ecosystem collapse.

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This price action drew considerable backlash from investors on social media, who characterized the launch as a classic pump-and-dump scheme after the price of the memecoin collapsed.

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The Hawk Tuah memecoin launched on Dec. 4 with a market capitalization of roughly $16.6 million. The price of the coin surged after launch, and within three hours, the meemcoin’s market cap grew to $491 million. It would then quickly drop to approximately $41.7 million.

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Quintenz previously served as a Republican-appointed commissioner at the CFTC, advocating for financial innovation within the digital asset industry, and he currently pushes for regulatory clarity as head of policy at a16z.

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CEO of Global Macro Investor Raoul Pal recently forecasted a $110,000 local top for Bitcoin that he predicts will occur before the end of January 2025. Pal also predicted that the price of Bitcoin would peak sometime during the end of 2025.

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Despite the rising prices of Bitcoin futures, Bitcoin dominance is falling. On November 30, 2024, Bitcoin dominance fell to 56.1%. This signals that Bitcoin investors are taking profits and rotating into altcoins and the potential start of altcoin season.

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On November 29, Bitcoin futures on the Chicago Mercantile Exchange (CME) reached $100,200 for the second time within seven days — prompting analysts to speculate that the spot price could soon rise to that level.

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Analysts are patiently eyeing a $100,000 Bitcoin price point, which is an important psychological level. However, the race to $100K is proving easier said than done, with the price of Bitcoin crossing $99,000 on November 22, only to retrace back down to the $96,000-$98,000 range.

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The price performance of the decentralized, supply-capped asset is on schedule with other halving years, in which the price of Bitcoin begins to climb approximately six months after the halving event.

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These included 2013, with a staggering 459% gain, 2017 at 54%, and 2020, where Bitcoin recorded a 42% gain during the month.

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According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin experienced higher percentage gains for November.

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A break below the 20-EMA will signal that the bulls are losing their grip. The pair may then slide to the 50-SMA. The bulls are expected to aggressively defend the 50-SMA because a break below it could tilt the advantage in favor of the bears.

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