News Center

Bitcoin Price Could Surge To New All Time High Within Week, Claims ‘World’s Smartest Man’ — Is It Likely?

A social media personality claiming to be the "World’s Highest IQ Record Holder," YoungHoon Kim, has reiterated his bullish stance on Bitcoin, stating that its recent price weakness is a "temporary discount" caused by market manipulation. He predicts this manipulation could end within a week, potentially driving Bitcoin to a new all-time high. This follows his previous forecast from November, where he expected Bitcoin to reach $220,000 within 45 days and pledged to use his profits to build churches worldwide. However, Kim’s predictions have been met with widespread skepticism and ridicule on social media, with many questioning the validity of his IQ claims and the logic behind his forecasts. In contrast, market analysts warn of bearish signals. CCN analyst Valdrin Tahiri points to on-chain metrics, such as the Hash Ribbon and Short-Term Holder Net Unrealized Profit/Loss indicators, suggesting Bitcoin is in a capitulation phase that could lead to further decline before a potential recovery. At the time of reporting, Bitcoin is trading at $91,452, up 6% over the past week.

ccn.com3m ago

Two men slashed by machete-wielding attacker at NYC subway station: cops

An attack occurred at a New York City subway station where two men were slashed by an assailant wielding a machete, according to police. The incident was captured on video, showing the full event. Authorities are investigating the violent assault.

nypost5m ago

Espresso Co-founder's Decade in Crypto: I Wanted to Disrupt Wall Street's Ills, But Witnessed a Casino-Fication Transformation

Jill Gunter, co-founder of Espresso, reflects on her decade-long journey in crypto, which began with the aim of addressing systemic flaws she witnessed on Wall Street. She identified three core issues: monetary mismanagement (e.g., hyperinflation in Venezuela), financial exclusivity perpetuated by Wall Street’s privileged access to high-risk opportunities, and outdated, opaque financial infrastructure. She saw Bitcoin and blockchain as solutions: a decentralized alternative to state-controlled money, a tool for democratizing finance, and a transparent, efficient system to replace legacy databases. However, the industry evolved unpredictably, cycling through hype cycles, regulatory shifts, and catastrophic failures like FTX. While crypto did democratize speculation—making finance more accessible—it also amplified "casino-like" risk-taking. Despite disillusionment among some pioneers, Gunter argues meaningful progress has been made: Bitcoin offers a censorship-resistant store of value, retail investors gained access to early-stage assets, and traditional finance is adopting blockchain for settlements and payments. The revolution arrived, albeit in a form different from what many envisioned.

深潮17m ago

Stable TGE Tonight, Will the Market Still Buy into the Stablecoin Public Chain Narrative?

Stable, a Layer 1 blockchain supported by Bitfinex and Tether, is set for its mainnet launch on December 8th. It is designed with a focus on stablecoin infrastructure, using USDT as the native gas token to enable sub-second settlements and feeless peer-to-peer transfers. The native token, STABLE, has a fixed supply of 100 billion and is not used for gas fees but for governance, staking, and ecosystem incentives. Token allocation includes 10% for Genesis Distribution (fully unlocked at launch), 40% for ecosystem and community growth, and 25% each for the team and investors (with a 1-year cliff and linear release). The network uses a DPoS consensus model where users stake STABLE to participate in validation and governance. Prior to launch, Stable conducted two pre-deposit phases, which saw massive demand and technical issues, raising concerns over fairness and KYC delays. The project raised $28 million in seed funding at a $300 million valuation. Market expectations are mixed. Pre-launch perpetual trading suggests an FDV around $3 billion, while prediction markets indicate an 85% probability of FDV exceeding $2 billion post-launch. Pre-depositors may see returns between 7% to 16.9% based on current estimates. Exchanges like Bitget and Bybit have announced support, but major platforms like Binance and Coinbase have not.

marsbit22m ago

Binance secures global ADGM licenses to operate international platform

Binance has secured three licenses from Abu Dhabi's Financial Services Regulatory Authority (FSRA), allowing it to operate its exchange, clearing house, and broker-dealer services under the ADGM regulatory framework. The approval grants Binance regulatory clarity and legitimacy for its international operations, which will be supervised from Abu Dhabi starting January 5, 2026. Co-CEO Richard Teng emphasized that the move provides users with enhanced consumer protections under a globally recognized framework. Binance already holds a virtual asset service provider license in Dubai and received a $2 billion investment from Abu Dhabi-based MGX earlier this year.

cointelegraph25m ago

Beloved Tennessee college professor found dead beside loaded gun — as armed man waited nearby

nypost27m ago

2025 Tether Financial Analysis: An Additional $45 Billion in Reserves Needed to Maintain Stability

The article analyzes Tether's financial stability in 2025, arguing it functions as an unregulated bank rather than a simple payment operator. It applies a banking regulatory framework (Basel Capital Framework) to assess if Tether holds sufficient capital (its ~$6.8B in excess reserves) to cover potential losses from its asset portfolio. The core issue is whether Tether's total capital is adequate for its risk-weighted assets (RWAs). Its $181.2B in assets are largely in low-risk instruments (~77%), but ~13% is in volatile commodities like gold and Bitcoin. The analysis estimates Tether's RWAs between $62.3B and $175.3B, depending on the conservative treatment of its Bitcoin holdings. Under a baseline scenario, Tether's capital ratio is near minimum regulatory requirements. However, compared to well-capitalized banks, it may need an additional ~$4.5B in capital to support its current $USDT issuance. A more punitive treatment of Bitcoin could imply a deficit of $12.5B-$25B. Tether's counter-argument points to substantial group-level profits and equity (~$20B+), but these are not legally committed to the token entity and are invested in illiquid ventures like mining and AI. The article concludes that the sufficiency of Tether's capital is a complex, structural question without a definitive answer, dependent on asset risk weightings and the firm's willingness to mobilize group resources in a crisis.

marsbit33m ago

Ripple CTO Joins Debate On Bitcoin Versus Gold, Says Crypto Cannot Be Replicated

bitcoinist36m ago

Coinbase Premium Turns Critical — Analyst Highlights What It Signals For Bitcoin

Bitcoin's price decline has triggered investor capitulation, with on-chain analysis focusing on the Coinbase Premium Index. This metric, which tracks the price difference between Coinbase (USD) and other global exchanges, recently turned sharply negative in early December, indicating strong selling pressure from US investors. This aligns with historical year-end trends of weak or negative readings due to tax-loss harvesting and portfolio rebalancing. However, 2025 is unique: the premium quickly rebounded from negative to positive within days, a move that historically precedes price stabilization or short-term recoveries. This suggests Bitcoin may be nearing a local bottom, with its future trajectory hinging on US capital flows, derivatives data, and premium trends. Bitcoin was trading around $89,321 at the time of writing.

bitcoinist39m ago

DOGE Turns 12: The Meme King's Birthday Market Action Is a Bit 'Intense'

DOGE, the original meme coin, celebrated its 12th birthday this year, marking a remarkable journey from an internet joke to a top-ten cryptocurrency by market cap. Despite a slight 3.1% dip on its anniversary, DOGE remains resilient with a current price around $0.14 and a market valuation of approximately $22.5 billion. Key developments include the recent introduction of a DOGE spot ETF, signaling growing institutional acceptance and regulatory maturity. Analysts are divided on its future price trajectory, with predictions ranging from $0.75 to as high as $10. Notably, speculation continues around broader adoption, including potential integration into Tesla’s payment systems for models like the Cybertruck, as well as ties to Elon Musk’s X platform and its XMoney system. Musk’s long-standing public support has significantly contributed to DOGE’s visibility and staying power. After more than a decade, DOGE continues to demonstrate both cultural relevance and market durability, leaving many to watch what its 13th year may bring.

金色财经50m ago