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Dogecoin competitor BONK continues its precipitous rise

Dogecoin (DOGE) competitor Bonk (BONK) continues its strong rise, almost doubling its price in the last 24 hours.

The meme asset, which was built on the Solana (SOL) smart contract platform, recently surpassed rival Shiba Inu (SHIB) in daily trading volume en route to its price of $0.000028 at the time of writing, a gain of 89.3% during the last day.

The price increase comes after two major crypto exchange platforms, Binance, the world’s largest digital asset exchange by volume, and Crypto.com, announced that they would be adding support for memecoin.

On December 14, Binance said it would list BONK with a “seed” label, meaning it could exhibit more volatility compared to other digital assets, while Crypto.com said it would add BONK to its app.

Coinciding with the meme asset’s price surge, Solana Mobile announced that its Saga smartphone is out of stock in the US. According to initial coin offering (ICO) tracking platform ICO Drops, in June, Solana promised an airdrop 30 million BONK to anyone who bought the phone.

“BONK, a meme coin on Solana, announced in June the airdrop of 30 million tokens for anyone who downloads the Bonk app through the Saga DApp (decentralized application) store. The drop value at the beginning of December was about $110, but in a month the token grew by 650% and now the drop is about $650. The Solana Saga phone costs $599. Because of this arbitrage opportunity, the Saga sales increased 10 times in the last 48 hours.”

The price of BONK has seen an increase of 866% since November 17, when it was trading at $0.00003.
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Bitcoin cryptocurrency exchange Cryptocurrency news

Dogecoin Founder Says Bitcoin Needs Room to Recover Again

Dogecoin founder Bill Markus expressed a somber sentiment about the recent Bitcoin price drop after the cryptocurrency hit highs of $44,000 in early December.

Doge Founder’s Grim Stance on Bitcoin Price Swings

Around the first week of December, Bitcoin saw a surprising rise to over $44,000 from $38,000 sometime in late November. The cryptocurrency has been on a steady upward trend driven by several factors, including anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) final ruling on spot Bitcoin ETF filings in January.

Despite the positive increases experienced by the cryptocurrency, BTC recently saw its price fall from 2023 highs of over $44,000 to $40,000 following Senator Elizabeth Warren’s anti-crypto statements on Monday and a bill that aims to establish the strictest crypto regulations.

Due to the unexpected price drop, Markus made gloomy comments about BTC’s recent price swings, stating that the cryptocurrency was “in good spirits again.”

When asked by a member of the crypto community what actions to take amid the falling BTC price, Nakamoto humorously replied: “I guess just give it space. Maybe he will eventually leave the room.

At the time of writing, the price of Bitcoin is trading at $42,968, according to CoinMarketCap. The price correction above $42,000 can be attributed to a recent announcement by the US Federal Reserve to keep interest rates stable. Following the Federal Reserve’s decision, BTC saw a price increase of almost 5% and Ethereum also saw a slight price growth.

Grim Crypto Exchange BTC Price Prediction

Positive sentiment around the BTC price has steadily increased following the recent Fed rate announcement and excitement around the Bitcoin halving event scheduled for April 2025.

However, cryptocurrency exchange Changelly contradicted recent positive price predictions for Bitcoin. According to stock market forecasts, the BTC price is expected to see a slight drop of 0.98% before December 15.

Changelly’s forecast expressed a bullish signal of around 17% for the cryptocurrency. Adding to the uncertainty over BTC’s overall price potential, Bloomberg analyst James Seyffart warned against excessive expectations regarding the proposed massive inflows into BTC following the approval of BTC Spot ETFs.

On the other hand, many cryptocurrency investors have made bullish predictions about the Bitcoin bull run, and a popular member of the crypto community, Crypto Rover, predicted that Bitcoin would reach between $150,000 and $220,000 during the Bitcoin bull run.

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Bitcoin Bitcoin Investment Bitcoin Wallet

El Salvador’s ‘Volcano Bond’ Gets Regulatory Approval, Aims to Launch Early Next Year

El Salvador’s innovative Bitcoin (BTC) “Volcano Bonds” have received regulatory approval and are scheduled to be launched to the public in the first quarter of next year.

El Salvador’s National Bitcoin Office (ONBTC) says the country’s Digital Assets Commission (CNAD) approved the bonds after nearly two years of delays.

El Salvador’s pro-crypto president, Nayib Bukele, first announced in November 2021 that the Central American country would issue the bonds.

They were originally expected to launch in early 2022, but Bukele delayed them indefinitely when the BTC price fell.

The Bitcoin bonds, the first of their kind in the world, will be traded on Bitfinex Securities, according to ONBTC.

It’s not the only recent Bitcoin news for El Salvador: last week, the country launched a new “Freedom Visa Program” for high-net-worth individuals willing to shell out $1 million in BTC or USDT for a passport.

Bukele has long been a supporter of Bitcoin. El Salvador has more than $130 million in BTC, and the main crypto asset is recognized as legal tender in the country.

The president also says the country has “no intention of selling” its Bitcoin, despite BTC’s price surge this year.
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Bitcoin Bitcoin Wallet Cryptocurrency news

Kucoin Agrees to Ban New York Residents, Pay $22 Million in Settlement

New York Kucoin users will lose the ability to trade within 30 days and their accounts will be closed within 120 days.

Cryptocurrency exchange Kucoin has agreed to pay $22 million to the state of New York and ban state residents from using its platform, according to a stipulation and consent order filed with the New York Supreme Court on Dec. 12.

New York”.

Kucoin has agreed to terminate the accounts of all users residing in New York within 120 days and prevent New York residents from obtaining accounts in the future. Additionally, it will restrict access to withdrawals within 30 days only, leaving the remaining 90 days available for users to withdraw funds.
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Bitcoin Wallet Cryptocurrency news

Coinbase Announces SEAM Token Listing and Airdrop

Coinbase, a major player in the cryptocurrency exchange market, has taken an important step by listing SEAM, the governance token of the Seamless Protocol. This decision marks a new chapter in the exchange’s offerings, especially since SEAM is a Base-based token, a notable pivot in Coinbase’s strategy.

Seamless integration with Coinbase Prime Day listings

Coinbase has a reputation for its selective Prime Day listings, where tokens are available on the platform the same day as the generation event. Consequently, SEAM has joined this exclusive club alongside recent additions such as Big Time gaming token and Jito’s JTO token. This listing strategy emphasizes Coinbase’s commitment to offering its users new and promising digital assets.

Seamless Protocol operates as a decentralized lending and borrowing platform. Launched as a fork of Aave v3, an Ethereum-based protocol, it is built on Base, an Ethereum Layer 2 network incubated by Coinbase. Additionally, the project stands out for not raising funds through share sales or the SEAM token, highlighting its commitment to a fair launch approach.

SEAM Airdrop: a community-centric approach

The SEAM airdrop begins alongside the token listing. The total token supply is capped at 100 million, of which 69% is allocated to the community. This distribution strategy reinforces the community-centric spirit of the Protocol. However, users eligible for airdrop are early supporters who have participated in various community activities and missions.

Coinbase’s addition of SEAM is more than just a token listing, as it represents a broader shift in the platform’s approach to decentralized finance (DeFi). Additionally, as a native Base-based project, SEAM’s inclusion is a testament to the growing influence of DeFi platforms and their tokens in the broader crypto market.