Features News Today TheBitTimes.Com

Cardano (ADA) has emerged as a key player in the cryptocurrency market, boasting a robust ecosystem and significant technological advancements. Currently priced at $0.88, ADA faces challenges amidst a broader market downturn, with notable declines from its recent highs. However, with its innovative developments and growing adoption, could Cardano defy bearish trends and reclaim its $1.32 peak? ADA Key Statistics Current Price: $0.88 Market Cap: $30.8 billion Trading Volume (24h): $1 billion Circulating Supply: 35 billion ADA Total Supply: 44.9 billion ADA CoinMarketCap Ranking: #9 Amid a broader market downturn, Cardano (ADA) has declined by 24.58% and 23.56% from its highest prices over the past 30 and 7 days, respectively. However, it has managed a 5.69% increase from its 30-day low, though it remains 7.72% below its 7-day low. ADA/USD Market Key Levels Resistance: $0.98, $1.14, $1.32 Support: $0.82, $0.75, $0.65 ADAUSD – Daily Chart The ADA/USD daily chart ...

Although the meme coin has had a rather difficult go this year, Shiba Inu (SHIB) has been projected to bounce back, with one analyst saying the coin can erupt for a 116% gain before January ends. The cryptocurrency has certainly struggled, losing more than 10% of its worth over the last month. However, there is certainly hope for the cryptocurrency. The asset has seen its burn rate—a fundamental aspect of the token—increase by a remarkable 1000% Friday. With over 6 million SHIB tokens burned, there was hope that the asset could sport a turnaround. That has been reaffirmed by one platform specifically. Source: CoinGape Also Read: Shiba Inu: How To Be A Millionaire With SHIB By 2030? Shiba Inu at a Crossroads: Why SHIB Could Mark Notable Comeback This Month There are few cryptocurrencies that boast the kind of community that Shiba Inu has. The SHIBArmy has never been short of passion, and they have always championed the potential of the leading meme coin. However, it has rarely been able...

Solaxy, a leading solution for mitigating Solana’s network congestion, has secured $14.6 million in funding, reflecting strong investor confidence. Recognized for its ability to optimize transaction flow, Solaxy is essential for ensuring seamless and cost-effective transactions, especially during periods of high network demand. The recent surge in cryptocurrency activity has highlighted the need for scalable solutions like Solaxy to preserve Solana’s renowned speed and efficiency. Solaxy’s $14.6 million raised signals the future of meme coins on Solana’s layer-2 Solaxy is quickly becoming one of the most talked-about meme coins on the Solana blockchain, known for its speed, scalability, and growing potential. As meme coins continue to gain popularity across various blockchains, Solana has emerged as a prime platform for launching these tokens, with Solaxy leading the charge. Having already raised $14.6 million, Solaxy’s growing appeal underscores its p...

Semler Scientific aims to raise $75 million in convertible senior notes to fund further Bitcoin purchases. The healthcare tech and software firm also plans to expand its Bitcoin holdings after its existing investment in the leading cryptocurrency reached an unrealized gain of $28.9 million, according to the fourth quarter 2024 earnings released by the company on Jan. 23. $SMLR Announces Proposed Private Offering of $75 million of Convertible Senior Notes and Preliminary Unaudited 4th Quarter 2024 Financial Results with Significant Gain from Change in Fair Value of Bitcoin Holdings — Eric Semler (@SemlerEric) January 23, 2025 The company’s plans to raise $75 million to purchase additional BTC comes after Semler Scientific acquired 237 BTC on Jan. 13, increasing its overall holdings to 2,321 BTC. Despite recent fluctuations, Bitcoin is trading at around $105,000. This makes the company’s Bitcoin holdings worth approximately $241 million. Semler Scientific’s ...

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay, a new payment platform designed to bridge traditional (TradFi) and digital finance, as detailed out to Finbold on Friday 24.  Envisioned as something more than a mere payment processor, Bybit Pay is expected to help brands forge strategic partnerships and fuel global growth, innovation, and financial inclusion. Bybit Pay features The Bybit Pay platform integrates fiat and cryptocurrency payments into a unified solution accessible via websites, mobile apps, or point-of-sale (PoS) systems.  Picks for you Trump’s World Liberty Fi just bought these 2 cryptos 40 mins ago ChatGPT says Silver price will hit this target in 2025 ...

Making the most profit from a bull market requires attention to the promising altcoins and meme coins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode  Experts suggest investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and p...

Ledger co-founder David Balland has reportedly been released by kidnappers after he was taken from his home and held hostage for a large crypto ransom.  The Paris prosecutor’s office shared details of the kidnapping today. According to French publisher L’Yonne Républicaine, the office stated that he was kidnapped in the early hours of Tuesday from a house in Cher and driven to another address where he was held. France’s national police force, including the Bourges research section and National Cyber ​​Unit, reportedly “enabled the release of David Balland on January 22, who was taken into care by emergency services and required treatment.” Investigations are reportedly still ongoing as officials work to identify and arrest the alleged perpetrators who could now face life sentences .  Ledger co-founder kidnap rumor confuses wallet users Read more: Doxxed crypto hackers ‘Airbnb hopping’ to avoid kidnappers and rivals, report Rumors circulated y...

Panic spread across the crypto industry today with rumors of a personal safety situation involving an officer of Ledger, the world’s most popular crypto hardware wallet. In France, an active investigation involving Ledger co-founder Éric Larchevêque is reportedly ongoing. On social media, some users suspected a kidnapping or ransom situation. The tweet from Coin Academy’s French-language X account that apparently started the rumor no longer exists but, disappointingly, the publication hasn’t tweeted a correction. Some users posted fake pictures of alleged perpetrators, making it difficult to discern how serious people were taking the situation. A source allegedly close to Larchevêque, Journalist Grégory Raymond, wrote by mid-morning New York time that “Eric is safe, it’s the only thing I can communicate at the moment. I’m in the process of checking the information.” According to Raymond, Larchevêque “is not involved in the kidnapping rumor.” Not entirely c...

The Fifth Circuit Court of Appeals has ordered the US Treasury’s Office of Foreign Assets Control (OFAC) to remove addresses linked to Tornado Cash from its list of Specially Designated National and Blocked Persons (SDN). The controversial crypto mixing service was banned by OFAC in August 2022, following its widespread use by hackers, including North Korea’s Lazarus Group, to launder stolen crypto. District Court officially ordered to reverse sanctions against Tornado Cash pic.twitter.com/gmWRbphU15 — L0la L33tz (@L0laL33tz) January 22, 2025 Read more: Treasury cited only three examples of illicit Tornado Cash use, says judge Tornado Cash allows users to deposit fixed amounts of tokens into shared privacy pools, before using a cryptographic proof of their deposit to withdraw to a new, untraceable address. Confirming arguments widely held across the crypto and open-source community, the court stated that “Tornado Cash’s immutable smart contracts (the l...

Polymarket odds that US President Donald Trump will pardon Ross Ulbricht within his first 100 days in office have surged to 95% following a recent comment by billionaire Tesla founder Elon Musk. “Ross will be freed too,” Musk said in a Jan. 21 reply to a post on X. Ross will be freed too — Elon Musk (@elonmusk) January 21, 2025 Shortly after Musk’s reply, the decentralized prediction platform saw Ulbricht’s pardon odds surge from 54%. Bettors on Polymarket now place the odds of the Silk Road founder receiving a pardon from Trump at 95%. The bet regarding the potential pardon for Ross Ulbricht reached a volume of more than $5.27 million. Silk Road Founder Sentenced To Life In Prison The bet on Ross Ulbricht receiving a pardon from Trump comes after the Silk Road founder was arrested in 2013 and sentenced to life in prison in 2015 without the possibility of parole. He was convicted for creating and running what became the most popular dark web marke...

Former Coinbase executive Balaji Srinivasan thinks Trump should consider airdropping his newly launched official memecoin to his supporters. Srinivasan tells his 1.1 million followers on the social media platform X that Trump is “now strongly incentivized to legalize cryptocurrency in the most aggressive way possible.” But he also argues there’s an “alignment problem” with the new TRUMP coin. “As context: the CEO of a company is typically one of the largest shareholders, but he is aligned with all his employees because they hold the same shares. All holders rise and fall as one, ideally. By analogy, you would ideally want the President to be aligned with his citizens, such that they all held (say) USA coin, which gave some dividend from the profits of the USA. Kind of like the Alaska Permanent Fund. So, one way of solving the alignment problem would be for Trump to airdrop some TRUMP to every US citizen. However, it might be e...

The altcoin market looks promising, and many altcoins are recording gains. Late last year, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Savvy investors capitalized on this year’s boom in the altcoin market and taking positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks. 1. Near Protocol (NEAR) NEAR Protocol is making wav...

XRP fell sharply as multiple crypto markets sold off on Monday. The price dropped more than 5% in a widespread crypto market. XRP fell sharply as multiple crypto markets sold off on Monday. The price dropped more than 5% in a widespread crypto market dip that hit various major digital coins. Several ongoing regulatory uncertainties around XRP have made numerous cryptocurrency investment risks worse, putting more pressure on the market. Source: CoinCodex Also Read: Shiba Inu Chart Shows 9% Surge, Targeting $0.00023 in Price Rally Ripple’s Market Decline: Insights on Investment Risks and Trends Source: AscendEX Technical Indicators Signal Further Volatility XRP moved close to the $3 support level, worrying many traders. The price sits near the top of Bollinger Band on daily and weekly charts. Short sellers have become more active, pushing prices down further. Market Impact and Price Projections Source: CoinCodex Multiple market experts see numerous possible paths for XRP’s Mul...