Hey everyone, welcome back! Over the last 24 hours, the crypto market has witnessed token merges, volatile market swings, and even shocking phishing attacks. Now, let’s have a brief look at all the events.
Yat Siu, a co-founder and the Executive Chairman of Animoca Brands, had his X (previously Twitter) account hacked. The scammers exploited the account and lured users by promoting fraudulent tokens under the pretense of “Animoca Brands issuing new coins.” Despite having two-factor authentication, the breach occurred, raising concerns about the platform’s security measures. After the suspicious account was identified, Sui, who created another account, warned unsuspecting investors of the scam and urged them to remain vigilant against such scam. Following up on the attack, Siu regained control of his Twitter account on December 27
Bitcoin recently experienced a significant price fluctuation, dropping to $95,000 after briefly reaching the $108,000 mark. This decline happened amid record trading volumes, reflecting heightened market activity and volatility. Experts opine that such corrections are normal in Bitcoins’ market trends as investors balance profit-trading and investment strategies.
However, the Santiment data pointed out that the bullishness of BTC may be overdone. The data stated that a short consolidation period is required to boost the coin to its next level. Further, an analyst pointed out that after facing some consolidation, Bitcoin would witness its major move in the first quarter of 2025.
BNB Price Prediction 2025-35: Will It Hit $1,000 by 2025?Despite several countries vying to adopt Bitcoin as a strategic reserve fund, Japan grabbed attention by rejecting the plan. The Japanese government stated that it uses highly liquid government bonds or deposits with foreign banks to maintain the stability of Japan’s yen and is not willing to risk it on digital assets.
On the other hand, cryptocurrency exchange Bitget (BGB) stated that it would integrate its token with Bitget Wallet Token (BWB) to improve the ecosystem. The decision behind this change is to improve liquidity within the app and make users’ experience more efficient on the platform. Notably, BGB has crossed $6 and is speculated to reach $10 by year-end.
Litecoin Price Prediction 2025-2035: Will It Hit $1000 by 2035?With wider adoption from the Gen Z audience, the BGB token hit a new all-time high of $7.87. At the time of press, the token is trading at $7.70 with a market cap of $10.78B. The token’s growth is speculated to arise from the platform’s strategic initiatives, including payment integration, simplified through Google Pay and Apple Pay integrations.
On the market front, the adoption of Moo Deng, a pygmy hippopotamus, by Ethereum’s founder Vitalik Buterin has sparked speculation in the crypto world. Buterin provided nearly 10 million Thai Baht ($290,000) in support for the hippo’s home in Thailand’s Khao Kheow Open Zoo. With this move, the meme coin MOO DENG saw a 70% spike in its growth within an hour, pointing to its rising demand among crypto enthusiasts.
