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🔸 Binance Raises $21.6 Billion in a Year Binance attracted $21.6 billion in user deposits in 2024, which is 36% more than the combined volumes of the next 10 cryptocurrency exchanges in the ranking. The average #BTC deposit on exchanges increased from 0.36 BTC to 1.65 BTC, while USDT deposits increased from $19,600 to $230,000. These large deposits reflect growing interest from professional and corporate investors. Binance became the first CEX to surpass $100 trillion in lifetime trading volume, according to CCData. #Binance #BNB
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⚡️ Helium (#HNT ) Poised for 20% Rally, Can Bulls Break $9.85? HNT, the native token of the Helium Network, is poised for a notable upside rally as it has formed a bullish price action pattern on the daily timeframe. Over the past few days, while the majority of cryptocurrencies, including Ethereum (ETH), Solana (SOL), and XRP, appear to be struggling to rally, HNT has gained 30% in value following a recent decline. 🔸 #Helium (HNT) Technical Analysis and Upcoming Level According to expert technical analysis, HNT’s recent upside momentum has brought it to a crucial resistance level at $9.5. However, this marks the third time HNT has tested this level, and it appears to be weakening. Based on recent price action and historical momentum, if HNT breaches this level and closes a daily candle above $9.85, there is a strong possibility that the asset could soar by 22% to reach the $12 level in the near future. Despite a notable rally, HNT’s Relative Strength Index (RSI) currently stands at 65, which is below the overbought region, suggesting that the asset has enough room to continue its upward movement in the coming days. On the positive side, the 200 Exponential Moving Average (EMA) on the daily timeframe indicates an uptrend, as it lies below HNT’s current price. 🔸 HNT’s Rising Open Interest HNT’s technical analysis is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, HNT’s futures open interest has surged by 24%, reflecting traders’ strong interest and confidence in the token as it approaches a crucial breakout. When combining on-chain metrics with technical analysis, it appears that bulls have entered the market and could support the altcoin in breaching the resistance level this time. 🔸 Current Price Momentum Currently, HNT is trading near $9.47 and has experienced a price jump of over 13.10% in the past 24 hours. During the same period, its trading volume skyrocketed by 265%, indicating heightened participation from traders and investors driven by HNT’s bullish outlook.
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🔥 Here is the Latest Update on Blackrock $XRP ETF Amid speculation that BlackRock may be preparing to launch an XRP ETF, an executive from the company has provided an update. Over the past few months, several XRP enthusiasts have been anticipating an XRP ETF filing from BlackRock. It all began after a fake XRP ETF filing from the company was filed on the State of Delaware website last year. At the time, the price of XRP skyrocketed tremendously, soaring by over 15%. However, BlackRock quickly refuted the report, emphasizing that the filing was fake. Ever since, several asset managers like Bitwise, Canary Capital, 21Shares, and WisdomTree have submitted separate applications to the SEC, seeking to launch XRP ETFs in the United States. 🔸 Latest Update on BlackRock XRP ETF Consequently, speculation suggests that BlackRock could also join the race to offer an XRP ETF to its clients. On the contrary, fresh comments from BlackRock’s Head of ETF Department, Jay Jacobs, indicate that the world’s largest asset manager has no immediate plans to launch an XRP ETF. According to Jacobs, BlackRock is currently focused on its spot Bitcoin and Ethereum ETFs rather than introducing a similar product for other altcoins like XRP. Recall that BlackRock launched its Bitcoin and Ethereum ETFs earlier this year, with both products attracting inflows of $35.88 billion and $3.19 billion, respectively. Despite this remarkable feat, Jacobs pointed out that only a small fraction of BlackRock’s clients currently own shares of iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). Therefore, he emphasized the need to broaden their accessibility to a wider range of clients while stressing that there are no immediate plans to introduce new ETFs tied to altcoins, such as XRP. Bloomberg’s ETF Analyst Eric Balchunas shared Jacob’s comment on X earlier this week. #XRP #Ripple #ETF
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📣 Has $PEPE ’s Recent Bullish Turn Propelled This Dormant Whale? This weekend has not entered into slumber, as Bitcoin spurs into bullish runs. The cryptocurrency surged to the $102K level in the past day. This has stirred some activity in the market, and the altcoin sector has shown mixed signals toward the bullish run. Meanwhile, a particular PEPE whale has caught market attention. According to LookOnChain reports, a dormant PEPE whale, a few hours ago moved all of his 2.1 trillion PEPE holdings to a new address. The whale showed activity after a dormancy period of 600 days (1.6 years). This particular individual spent 0.0135 ETH worth $27 to buy the #pepecoin . His current holdings are valued at approximately $52 million. A PEPE whale that had been dormant for 600 days transferred all 2.1T PEPE($52M) to a new address.This whale initially only spent 0.0135 $ETH ($27) to buy 2.1T PEPE and has held it until now.From $27 to $52M—an extraordinary 1,900,000x return! — Lookonchain Furthermore, etherscan data shows that this whale’s wallet address – “0x1Ce” transferred the 2.1 trillion tokens to another anonymous wallet with the address “0xcbC”. Moreover, the PEPE price’s overall upward movement has rendered a profit percentage of approximately. 🔸 #PEPE Price Overview In the past day, frog-based memecoin PEPE has seen a 3.20% price increase. This price cycle initiated from the $0.00002349 to current levels at $0.000024. Moreover, the cryptocurrency, at the time of writing was trading at $0.00002424 as per CMC data. Zooming out, over the past week, PEPE is one of the few tokens that remained bullish despite the market crash. Its weekly chart depicts a significant 14.18% increase. At the week’s beginning, it was trading at a low of $0.00002117 before climbing upwards. On the other hand, the memecoin’s monthly performance remains mildly bearish owing to the notable dips it experienced earlier. However, the recent turn of events has instigated the dormant whale activity and suggests a continuing upward trend.
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🚀 Solana to $500? VanEck’s Bold Price Prediction for $SOL Amid the ongoing consolidation in the cryptocurrency landscape, asset management giant VanEck has made a bold prediction for Solana (SOL). This forecast has captured widespread attention from the global crypto community, particularly as it comes during a period when SOL has been struggling consistently. 🔸 VanEck Predicts $500 for Solana In a recent post on X (formerly Twitter), VanEck stressed that the crypto bull market is expected to reach a medium-term peak in Q1 and set new highs in Q4 of 2025. The post also noted that during this bull run, Solana’s (SOL) price could hit a new high of $500. 💬 VanEck10 Crypto Predictions for 2025Prediction #1: Crypto bull market hits a medium-term peak in Q1, sets new highs in Q4. We project Bitcoin to be valued at around $180,000, Ethereum to trade above $6,000, Solana to exceed $500, and Sui to surpass $10.— VanEck This prediction appears achievable, as SOL is poised for a massive rally, having formed a bullish price action pattern. 🔸 Solana’s (SOL) Bullish Breakout Levels to Watch According to expert technical analysis, SOL has been consolidating for over three weeks and has formed a bullish flag-and-pole price action pattern on the daily timeframe. A flag-and-pole is a price action pattern that traders and investors use to build long positions over different time periods if the price breaches or breaks out of the pattern. However, SOL appears to be struggling to break out of this pattern. According to technical analysis, if SOL successfully breaks out and closes a daily candle above the $236 level, there is a strong possibility it could soar by 70% to reach the $415 level in the coming days. Additionally, SOL’s Relative Strength Index (RSI) is currently near the oversold region, indicating that the asset is poised for upside momentum. This bullish thesis will remain valid only if SOL breaks out of this price action pattern and closes a daily candle above the $236 level; otherwise, it may fail. #SOL #Solana
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