Kamis, 19 Desember 2024

🤑BTC ‘ready’ to rally, Ethena Labs has a new partner, & other news


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

📈 BTC 'ready' to rally

🎧 Crypto.com CEO drops SEC lawsuit

🤝 Ethena Labs partners with Trump-backed company

📰 Keep reading to find out more about all of today's top stories

Double-digit drop in Bitcoin profit-taking metric hints it's 'ready' to rally — Analyst

Bitcoin's price dropped below $105,000 after making a new all-time high of $108,365 on Dec. 17. The short-term drop occurred ahead of the United States Federal Reserve's interest rate announcement on Dec. 18. Currently, the market anticipates a 25-basis-point cut.

In spite of short-term volatility, one crypto analyst highlighted a bullish scenario taking shape, with long-term Bitcoin holders positioning themselves for future gains.

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Ethena Labs partners with Trump's World Liberty Financial

Decentralized finance (DeFi) protocol Ethena announced a strategic partnership with Donald Trump-backed World Liberty Financial on Dec. 18.

The partnership aims to integrate Ethena's sUSDe token — a staked version of its USDe "synthetic dollar" — with World Liberty Financial's Aave instance, enabling users to deposit USDe and receive rewards in both sUSDe and World Liberty's WLF token.

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Can this Web3 RPG become the 'crypto Fortnite'?

This game lets players own and customize digital real estate, providing opportunities for monetization and community building within a blockchain-powered virtual world.

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South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto

Kim Nam-kuk, a member of South Korea's National Assembly, could be sentenced to six months in prison for allegedly not reporting all his cryptocurrency holdings to the government.

According to a Dec. 18 report from South Korean news outlet Dong-A Ilbo, prosecutors in Kim's case requested a six-month prison sentence for the lawmaker, who is currently on trial in Seoul.