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Bitcoin (BTC) Futures Volume Surges to $82 Billion Amid Rising Short Positions
Bitcoin (BTC) Futures Volume Surges to $82 Billion Amid Rising Short Positions

Bitcoin futures volume surged to $82.8M, but a rise in short positions suggests traders expect a correction. Will BTC drop or hit $116,000 next?

BeInCrypto·2024/12/17 08:30
Vana Mainnet Launches, $VANA Empowers Data as a New Asset Class in the Global AI Economy
Vana Mainnet Launches, $VANA Empowers Data as a New Asset Class in the Global AI Economy

During the Vana testnet, more than 1.3 million users contributed 6.5 million data points to train their personal AI models. On the mainnet, DataDAO will leverage $VANA tokens to allow users to collectively own, monetize, and manage their own data, taking a seat in the rapidly growing AI economy.

BlockBeats·2024/12/17 03:56
Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight
Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight

Bitget’s BGB surged to a record $3.65, powered by bullish sentiment following its BSP license approval. A $4 price target is within reach if momentum holds.

BeInCrypto·2024/12/17 01:09
Flash
  • 10:47
    Analysis: U.S. election leads to a significant increase in the net worth of Ripple CEO and a16z co-founder
    According to CoinDesk, analysis indicates that XRP rose from $0.5 to $2.32 after the U.S. election, potentially yielding significant gains for Ripple CEO Brad Garlinghouse. According to CoinMarketCap data, XRP has risen 54.7% in the past 30 days and ranks third by market capitalization. Garlinghouse noted: "Since Trump's victory, the cryptocurrency market cap has grown by over $1 trillion." During the election, Ripple donated $73 million while a16z invested $70 million, including amounts reserved for the next round of elections in 2026. It is reported that Garlinghouse owns more than 6% of Ripple's shares and a large undisclosed amount of XRP tokens. He is also one of America's top billionaires. This election tripled the value of Garlinghouse's XRP holdings, so his personal wealth is expected to increase significantly as well. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold substantial stakes in cryptocurrency companies; their holdings are expected to exceed funds invested into U.S politics post-election day. However, financial data on a16z’s private company investments are unavailable; thus detailed figures remain unknown. Previously reported news indicated Coinbase CEO Brian Armstrong sold company stock continuously for several weeks following Trump’s presidential win and pro-cryptocurrency lawmakers' victories—cashing out approximately $437 million total due to optimistic sentiment emerging post-election results—his sold stocks appreciated by about $129 million compared pre-election valuation according latest SEC filings Brian Armstrong still holds over 10% stake within Coinbase with trust fund containing around 24 million shares valued roughly at $6.4 billion—a nearly two-billion-dollar increase since November fifth
  • 10:41
    Today, the Fear and Greed Index dropped to 72, still at the level of greed
    According to Alternative data, today's Fear and Greed Index has dropped to 72 (from 74 yesterday), still indicating greed.  Note: The Fear Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).
  • 10:34
    ZEROBASE Beta Launch event received over $12 million in deposits within 48 hours, with participation from over 1,000 addresses
    Over $12 million in deposits within 48 hours of the ZEROBASE Beta Launch event for the real-time ZK proof network, with participation from over 1,000 addresses.
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