Crypto News Today: Get Latest News Recap of Today's Market

28-12-2024 By: Sara Sethiya
Crypto News Today: G

How Chainlink, Pi Network, Bitcoin & More Shaped Crypto Market Today

Whale Losses $4.5M in $LINK : What’s Next for Chainlink’s Price?

Chainlink ($LINK) has recently experienced notable whale activity, signaling a potential price shift. A whale deposited 250,000 LINK (worth $5.37M) to Binance and OKX, following earlier withdrawals. Between December 14 and 18, the same whale withdrew 595,000 LINK ($17.31M) from Binance, possibly repositioning for better market conditions. Despite facing a loss of $4.5M on an average purchase price of $29.1, analysts remain optimistic. With a 20% gain over the past month, a price rebound is expected, with conservative targets suggesting $34 for Chainlink in the near term.

XRP News: Lawyer Slams Gasparino’s “Idiotic” Remarks on Ripple’s Ruling

In a recent interview, Fox Business correspondent Charles Gasparino called Judge Torres' ruling in the Ripple vs. SEC case “idiotic,” sparking controversy. Gasparino criticized the decision, claiming it set a harmful precedent for retail investor protections. Crypto influencer Tony Edward countered, accusing Gasparino of bias and defending the ruling as legitimate. Lawyer Bill Morgan also weighed in, saying Gasparino’s understanding of the case was flawed, as the ruling only addressed Ripple’s programmatic sales, not all secondary market transactions. The debate highlights the differing views on the case’s impact on the crypto industry.

Bitcoin ETF Sees $287M Outflows as BTC Dips to $94K – What’s Next?

According to SOS Value Bitcoin ETFs saw $297.75 million in outflows as of December 27, signaling growing institutional hesitance. Fidelity’s FBTC led the outflows with $208.2 million, while Ark Invest’s ARKB faced $112.59 million in outflows. Other funds like Bitwise’s BITB and Invesco’s BTCO saw $35.98 million and $14.15 million in withdrawals, respectively. With Bitcoin’s price dipping to $94K, market watchers are closely monitoring the future of BTC amid this institutional retreat.

Pi Network's Big Leap : 20 Mainnet Apps Unveiled Ahead of 2025 Launch

Pi Network is gearing up for its highly anticipated Open Network launch in Q1 2025, unveiling 20 Mainnet apps now accessible via the Ecosystem Interface on the Pi Browser. This marks a shift from Testnet applications to real Pi transactions for goods and services, providing Pioneers with tangible cryptocurrency utility. As the mainnet launch date nears, excitement builds within the community. The CEO of PiChainMall forecasts that Pi Network will become a Layer 1 blockchain with a market cap exceeding $1 billion and a fully diluted valuation of over $100 billion, signaling strong potential in the crypto space.

Crypto Investor Makes $11.7M During PEPE Token's Downtrend

A savvy crypto investor raked in $11.7M in profits from the PEPE token, despite its recent downtrend. According to Lookonchain, the investor held millions of PEPE and sold them after the token's price peaked at around $0.00002825 three weeks ago. Though the investor missed the ATH, the massive profit was still significant. Interestingly, the investor is continuing to accumulate more PEPE, spending $24.5M last week to buy 1.42T tokens, as they remain bullish on the frog-themed meme coin and its potential for further gains.

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