Author: CryptoHoppers
On December 2, WLFI is trading in the $0.1428–$0.1632 range, with noticeable ups and downs as excitement around the token heats up. The recent rebound has caught investors’ eyes, as they try to figure out whether this jump is just a short-term spike or the beginning of a longer-term trend. Summary On December 2, WLFI is trading between $0.1428 and $0.1632, up nearly 13% in 24 hours. The rally was fueled by a large-scale buyback of 46.56 million tokens, signaling team confidence and reducing circulating supply. WLFI could reach $0.90 by year-end if liquidity and adoption increase, while strong excitement…
Key Takeaways Singularity Compute has launched its first enterprise-grade NVIDIA GPU cluster in Sweden, supporting AI workloads for enterprises and the ASI Alliance. The cluster underpins the ASI:Cloud inference platform and is operated with partners including CUDO and CUDOS, enabling scalable AI for decentralized ecosystems. Share this article Singularity Compute has unveiled the first phase of its enterprise-grade GPU cluster in Sweden, created with Conapto to support decentralized AI and the Artificial Superintelligence (ASI) Alliance, according to a Tuesday announcement.The deployment powers the ASI:Cloud inference service, built with CUDOS, offering OpenAI-compatible APIs and flexible compute options for enterprises and web3…
Bitmine has pushed its ether haul even higher, amassing one of the largest ETH treasuries on the planet as it edges closer to its long-stated 5% supply ambition. Bitmine Now Controls Over 3% of All Ether Bitmine’s latest update shows the company continues to bulk up its ether position, now holding 3.73 million ETH alongside […] Source link
TLDR: Arthur Hayes warned Monad could crash 99% citing high FDV and limited differentiation factors Keone Hon countered with 170-validator architecture rejecting centralized sequencer models MonadBFT consensus eliminates tail forking vulnerabilities that plague pipelined systems Token sale used bottom-fill method to prevent whale concentration during allocation phase Monad CEO Keone Hon issued a direct response to BitMEX co-founder Arthur Hayes following days of critical commentary about the network. Hayes warned that Monad could experience a 99 percent price decline. The BitMEX founder criticized the project’s high fully diluted valuation and low-float token structure. Hon’s response came during the network’s sixth…
Key Takeaways First Digital Group plans to go public via a SPAC merger with CSLM Digital Asset Acquisition Corp III. First Digital issues the FDUSD stablecoin and manages reserves for TrueUSD, with recent legal disputes involving Techteryx. Share this article First Digital Group is preparing to go public through a merger with CSLM Digital Asset Acquisition Corp III, a New York listed SPAC, according to a Bloomberg report. The Hong Kong-based firm has signed a non-binding letter of intent as crypto companies look to capitalize on a more favorable US listing environment.The FDUSD issuer has about $920 million in circulation,…
Binance founder Changpeng Zhao’s blunt reminder about buying low and selling high landed at a tense time for crypto traders. His line — “Sell when there is maximum greed, and buy when there is maximum fear” — was posted as markets showed fresh signs of strain and debate over whether now is a buying moment or another stall. Related Reading CZ’s Message Meets Extreme Fear According to the Crypto Fear & Greed Index, sentiment recently climbed to 20, moving out of “Extreme Fear” after a streak of low readings. The index had hit a yearly low of 10 on Nov.…
Arthur Hayes warned that Tether is running a risky interest rate trade that could threaten USDT solvency if markets move against the stablecoin issuer. Summary Arthur Hayes says a 30% drop in Tether’s BTC and gold could erase its equity. Hayes argues the company’s interest-rate strategy may strain USDT solvency. Tether shuts Uruguay mining as reserves hit $181B dominated by U.S. Treasuries. The BitMEX co-founder analyzed Tether’s latest attestation report and noted that a 30% decline in the company’s Bitcoin and gold holdings would wipe out equity. The stablecoin issuer holds $9.86 billion in Bitcoin and $12.92 billion in precious…
Key Takeaways Arthur Hayes suggests Tether is in the early stages of a massive interest-rate trade, betting that Fed cuts will hurt Treasury income but send Bitcoin and gold higher. He argues that a major drop in Bitcoin and gold positions could wipe out Tether’s equity. Share this article BitMEX co-founder Arthur Hayes argues that Tether is positioning itself for an upcoming Fed rate-cut cycle by shifting a greater share of its reserves into Bitcoin and gold.Hayes wrote on X on Saturday that Tether’s most recent attestation suggests the firm is preparing for a rate-cut environment, which would reduce returns…
TLDR: TrueUSD reserve losses traced to global fund diversion linked to fiduciaries managing TUSD assets. Techteryx pursues fraud cases after funds moved through Dubai, Hong Kong, and other financial hubs. Justin Sun pledged personal resources to cover a $500 million shortfall linked to the alleged scheme. Court filings describe misleading trade finance claims that masked large-scale asset siphoning. TrueUSD entered a tense chapter this year as new allegations surfaced about large-scale misappropriation of reserve assets. Justin Sun detailed how Techteryx uncovered evidence pointing to a coordinated fraud involving several fiduciaries tied to TUSD reserves. He said the discovery followed his…
Key Takeaways:On December 17, Coinbase CEO Brian Armstrong will announce a big update of the next chapter.Aspects speculated on include tokenized equities, a wider range of Base options, prediction markets, or an indication of a Base token.The use of countdown pages and minor types of social indicators has heightened expectations throughout the crypto world.Coinbase has set the crypto community on alert after CEO Brian Armstrong hinted at an announcement scheduled on December 17. The message, with the help of an additional countdown page and some puzzlelike profile settings has caused a lot of discussion concerning the next strategy of the…