DeFi News Today Official TheBitTimes.com

BRICS Sherpa Sergey Ryabkov confirmed to reporters that the bloc will not scrap the formation of a new payment system. Speaking to reporters at the Sherpa meeting, the diplomat doubled down saying that there’s no turning back on launching the new BRICS payment system. The goal of the new system is to sideline the US dollar and settle cross-border transactions in a basket of local currencies. Also Read: BRICS Determined to Trade In Local Currencies, Not US Dollar For the uninitiated, BRICS is working on the formation of an independent payment system that will not incorporate the US dollar into its mechanism. The mechanism will include local currencies of the bloc and keep the US dollar away from all transactions. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “The glass is always half-full; it is never half-empty,” said Ryabkov when answering about the independent payment system within BRICS. Also Read: Secret Metal...

As Bitcoin (BTC) edges closer to the much-anticipated $100,000 milestone, the cryptocurrency market is back in the global spotlight. A sharp 45% rally since the U.S. presidential election has brought Bitcoin within $1,000 of the six-figure mark on November 22, sparking renewed enthusiasm among investors. As Bitcoin continues to dominate the headlines, investors are shifting their focus toward altcoins with the potential for explosive growth. Looking ahead to 2025, Finbold consulted ChatGPT-4o to highlight two altcoins that stand out for their promising growth potential and market resilience. In the fast-paced and evolving cryptocurrency landscape, ChatGPT has spotlighted Ethereum (ETH) and Solana (SOL) as essential additions to any diversified portfolio for 2025.  Picks for you Bitcoin demand is ‘through the roof’, final trigger to $10...

VeChain (VET) is currently outperforming the top 10 cryptocurrencies by market cap in almost every time frame. The asset’s price has risen 0.7% in the daily charts, 27.5% in the weekly charts, 70% in the 14-day charts, and 85.6% over the previous month. VET’s price has also increased by 92.5% since late November 2023. Bitcoin (BTC), on the other hand, has dipped by 3.4% in the last week and Solana (SOL) has fallen by 7.9% in the same time frame. Source: CoinGecko Also Read: Pepe December Forecast: How High Can The Token Surge Next Month? Why is Bitcoin Dipping? BTC’s latest dip could be due to increased volatility over the last week. The asset briefly fell to below $91,000. BTC has since recovered the $95,000 mark and may continue to rally over the next few weeks. VET, on the other hand, has experienced some gains. The dip may have been triggered by investors booking profits after Bitcoin (BTC) hit an all-time high of $99,645.39 on Nov. 22, 2024. Investors may have red...

As Bitcoin soars to touch new price highs, the altcoin market has also made the most out of BTC’s surge, primarily the meme coins as they mark new price spots. Dogwifhat, a leading meme coin on Solana, has lately been grabbing the central spotlight. As the token soars to scale new highs, will it be profitable to stock WIF as the month of December approaches hard and fast? Let’s find out. Also Read: AI Predicts Dogecoin’s Price When DOGE ETP Goes Live Dogwifhat: What’s Happening With The Meme Coin Lately? Source: tech.eu/dogwifhatstore.com Bitcoin is currently at $96K. As the king of cryptocurrencies continues to ace new highs, the profits are shared equally within the market, with meme coins raking in sizable profits. WIF has lately been basking under this bullish momentum, surging to a new high of $3.17 at press time. The token has soared 19% in the last month and nearly 1788% in the last year. WIF’s incredible popularity among the masses has recently led the Robinhood cryp...

While Trump is bolstering efforts to reinstate US dollar dominance, the de-dollarization agenda is still a heavy narrative that is spreading like wildfire on a global domain. The Trump regime is focusing on imposing taxes on countries moving away from the dollar, while on the other side, these two nations have stopped using the dollar for bilateral trade. Is de-dollarization an agenda that can truly end sometime soon? Also Read: How High Can XRP Rise In December 2024? These 2 Nations Have Moved Away From The Dollar Source: Getty Images Iran and Russia, the two leading nations, have decided to move away from the US dollar. Iran’s central bank governor, Mohammad Reza Farzin, officially announced plans on how Iran has lately been conducting trade with Russia without using the US dollar. Farzin outlined how both nations have established agreements to conduct trade in local currencies, giving the multipolar currency narrative a new boost. “We have entered into a currency agreement with Russ...

Ripple’s XRP token has faced a few rough years. The asset failed to gain momentum over the last few cycles. XRP’s price fell below $1 in November 2021 and did not recover until very recently. The asset reclaimed the $1 level earlier this month after Bitcoin (BTC) hit a new all-time high. Also Read: Ripple: Will XRP Hit $2 In December 2024? Why Did XRP Suffer? Source – Trackinsight The primary reason for XRP’s lackluster performance was the SEC vs. Ripple lawsuit. The financial watchdog alleged that the fintech company sold unregistered securities. The suit held the asset back during the 2021 bull run. While other mainstream cryptocurrencies hit all-time highs, XRP did not move much. Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge? Ripple recently settled the suit with a $125 million fine. With the lawsuit settled, XRP may finally make an upward momentum. When Will The Asset Hit $3.75? Hitting $3.75 will mean a new all-time high for XRP. The asset hit a peak of $3...

The Sui Network (SUI) will unlock over $200 million in tokens this Sunday, December 1, as part of its schedule. This will be Sui’s largest cliff unlock (in nominal value) to date, creating significant supply inflation and dilution, affecting investors. Every month, on day one, Sui unlocks 64.19 million tokens from vested contracts, distributed to five pre-defined categories. Finbold gathered data from Tokenomist on November 27, looking at details for the previous and upcoming events. Private Series A and B investors receive the most, getting over 19 million SUI each, for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury. Picks for you Gold to $3,000 back in play, according to commodity strategist ...

The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has surpassed its all-time high of 93,215 today, as it went up to $98,453.70. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $3,300. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,000 in...

Has Mango DAO ‘died’ while violating its SEC settlement? The Mango DAO reportedly ‘died’ last week after John Kramer and Max Schneider gained significant voting control while also allegedly violating a settlement with the Securities and Exchange Commission (SEC). The pair successfully completed a proposal last Saturday to distribute 67.5 million MNGO options after locking up 80 million tokens. However, Mango Labs founder Dafydd Durairaj claims their proposal  “would likely count as a sale of MNGO and would jeopardize our settlement with the SEC.”  He advocated against the proposal in the Mango DAO Discord, claiming, “The SEC could reopen the case, and we might face consequences from the court for violating the settlement. This puts all of us in grave jeopardy.” The proposal also “ cements their total control over the DAO ,” and allows them to outvote proposals with a large majority of votes. X user @Henry_E__ posted, “RIP Mango DAO 2021-2024,” and said the...

Dogwifhat ($WIF) bulls are celebrating a 10% surge on Monday after its Robinhood listing, but the Pepe Unchained presale stole the spotlight by blasting past $51 million in funds raised. GM. dogwifhat ($WIF) is now available to trade on Robinhood Crypto. pic.twitter.com/grjjXidNzo — Robinhood (@RobinhoodApp) November 25, 2024 $WIF was last up over 5% in the past 24 hours, per CoinMarketCap, though it remains locked within recent ranges just below $3.30.  Pepe Unchained, meanwhile, has seen its blockbuster presale surge past $50 million as FOMO builds ahead of the token launch, making it one of the most successful ICOs of 2024.  As one of the leading meme coins on the fast-growing Solana ecosystem, Dogwifhat has plenty of upside potential.  Bulls will be hoping it can become one of the next $10 billion meme coins, which could mark 3x gains from current levels.  However, for meme coin traders hoping to lock in 10x...