Avalanche Charts a Unique Path to Blockchain Success

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Ava Labs builds long-term blockchain strategies for specific use cases over brief market hypes. Avalanche supports secure, customizable blockchain environments for banks and large corporations. Continue Reading: Avalanche Charts a Unique Path to Blockchain Success The post Avalanche Charts a Unique Path to Blockchain Success appeared first on COINTURK NEWS .

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Massive $577M ETH Long Position: Bitcoin OG Doubles Down on Ethereum Bet

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BitcoinWorld Massive $577M ETH Long Position: Bitcoin OG Doubles Down on Ethereum Bet In a move that has captured the cryptocurrency community’s attention, a well-known Bitcoin early adopter has significantly expanded a massive bet on Ethereum. On-chain data reveals a staggering ETH long position now worth approximately $577 million. This bold maneuver by a veteran investor raises critical questions about market sentiment and the high-stakes world of leveraged crypto trading. What Does This Massive ETH Long Position Entail? According to data from the analytics platform Lookonchain, the investor, identified by the wallet address “1011short,” recently purchased an additional 12,406 ETH. This purchase increased their total leveraged holding to 203,341 ETH. The position carries a 5x leverage, meaning the trader has borrowed funds to amplify potential gains—and losses. The average entry price for this enormous ETH long position is $3,147.39. However, this high-reward strategy comes with substantial risk. The current liquidation price for the position is $2,132.82. If Ethereum’s price falls to this level, the position could be automatically closed, resulting in significant losses. At the time of the report, the position was already carrying an unrealized loss of $1.39 million, highlighting the volatile nature of such leveraged bets. Why Would a Bitcoin OG Bet Big on Ethereum? This action is particularly noteworthy because the investor is recognized as a “Bitcoin OG”—an early adopter of Bitcoin. Their pivot to a major ETH long position signals a compelling narrative. It suggests that even veterans of the original cryptocurrency see substantial value and potential in Ethereum’s ecosystem. This could be based on several factors: Ecosystem Growth: Ethereum’s network of decentralized applications, DeFi, and NFTs. Upcoming Upgrades: Continued development and improvements to the protocol. Portfolio Diversification: A strategic move to balance a crypto portfolio beyond Bitcoin. The scale of this investment acts as a powerful signal of confidence, potentially influencing retail and institutional perception. However, it’s crucial to remember that this is a single, highly leveraged trade, not a guaranteed market forecast. Understanding the Risks of a Leveraged ETH Long Position While the size of the bet is impressive, the risks are equally monumental. Leverage magnifies everything. A 5x ETH long position means that for every 1% move in ETH’s price, the position’s value changes by roughly 5%. This can lead to rapid profits or devastating losses. The proximity of the liquidation price ($2,132) to potential market prices is a key concern. A sharp, sudden market downturn—common in crypto—could trigger liquidation. Therefore, this trade exemplifies the extreme risk tolerance of some large-scale investors, often called “whales.” For the average investor, mimicking such a highly leveraged ETH long position is exceptionally dangerous. Key Takeaways and Market Implications This event provides several actionable insights for observers and traders. First, it underscores the importance of monitoring on-chain data from whales, as their moves can indicate sentiment shifts. Second, it’s a stark reminder of the severe risks associated with leverage. Finally, it highlights the ongoing interplay between Bitcoin and Ethereum as the two leading crypto assets. The decision by a Bitcoin pioneer to increase a massive ETH long position to $577 million is a fascinating chapter in crypto market dynamics. It reflects a calculated, high-conviction bet on Ethereum’s future, backed by a staggering amount of capital. While the trade currently shows a paper loss, its very existence speaks volumes about the confidence some of the most experienced players have in the market’s second-largest cryptocurrency. Frequently Asked Questions (FAQs) Q1: Who is the investor behind this large ETH trade? A1: The investor is identified by the on-chain wallet address “1011short” and is known within the crypto community as a Bitcoin early adopter or “OG.” Their exact identity remains pseudonymous. Q2: What does a 5x leveraged long position mean? A2: It means the investor has used borrowed funds to control a position five times larger than their own capital. It amplifies both potential profits and potential losses. Q3: What happens if ETH hits the $2,132 liquidation price? A3: If Ethereum’s price falls to $2,132.82, the exchange will automatically sell (liquidate) the position to repay the borrowed funds, likely resulting in a total loss of the investor’s collateral. Q4: Should I follow this whale and open a similar ETH long position? A4: Absolutely not. Whale trades involve extreme risk and capital sizes that most cannot afford to lose. Copying high-leverage trades without deep understanding is a recipe for significant financial loss. Q5: Where can I track such large on-chain transactions? A5: Analytics platforms like Lookonchain, Nansen, and Etherscan provide tools to track whale wallets and large transactions, offering valuable market intelligence. Q6: Does this guarantee Ethereum’s price will go up? A6: No. A single trade, no matter how large, does not guarantee future price movement. It is merely one data point reflecting one investor’s high-risk conviction. Join the Conversation Was this deep dive into the $577 million ETH long position helpful? Do you think this whale’s bet will pay off, or is it a dangerous gamble? Share your thoughts and this article on social media to discuss this high-stakes market move with the broader crypto community. Your perspective matters! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action and institutional adoption. This post Massive $577M ETH Long Position: Bitcoin OG Doubles Down on Ethereum Bet first appeared on BitcoinWorld .

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Bitgo Adds Lightning Network Support to Custody Platform

  vor 18 Stunden

Bitgo integrates the Lightning Network into its qualified custody service, offering institutions faster and cheaper payments. Bitgo, a digital‑asset infrastructure company, announced the integration of the Lightning Network directly from its qualified custody platform in New York, United States. The service, built through a partnership with Voltage, a leading Lightning infrastructure provider, enables institutional clients to access

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Crucial Update: Upbit Temporarily Suspends INIT Deposits and Withdrawals

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BitcoinWorld Crucial Update: Upbit Temporarily Suspends INIT Deposits and Withdrawals Attention, crypto traders and Initia (INIT) holders: South Korea’s leading exchange, Upbit, has announced a temporary halt on all INIT deposit and withdrawal activities. This crucial update, effective from 9:00 a.m. UTC on December 22, is a standard security and maintenance procedure, but understanding the details is key for any investor. Let’s break down what this Upbit INIT deposits and withdrawals suspension means for you and why it’s happening. What Does the Upbit INIT Suspension Mean for Traders? First, don’t panic. A temporary suspension of Upbit INIT deposits and withdrawals is a common practice in the crypto world for network upgrades or wallet maintenance. However, it’s vital to know exactly what is and isn’t affected. During this period, you will not be able to move INIT tokens into or out of your Upbit wallet. Crucially, this suspension typically does not affect trading of INIT against other pairs like KRW or BTC on the exchange’s spot market. You can likely still buy, sell, and hold INIT within your Upbit account. Why Would Upbit Halt INIT Transactions? Exchanges like Upbit prioritize security and stability above all. Therefore, there are several responsible reasons for this action. The most common include: Network Upgrades: The Initia blockchain itself might be undergoing a scheduled hard fork or major update. Pausing transactions prevents funds from being lost during the transition. Wallet Maintenance: Upbit could be performing essential security updates or optimizations to its internal INIT wallet systems. Node Synchronization: Sometimes, an exchange’s node needs to catch up with the main blockchain to ensure all transactions are recorded accurately. This proactive measure protects user assets and ensures a seamless experience once services resume. It’s a sign of a diligent, security-focused exchange. What Should You Do During the Suspension? While you wait for Upbit INIT deposits and withdrawals to resume, here are some actionable steps. First, check the official Upbit announcement page for the exact resumption time. Do not rely on third-party sources. Second, if you had planned a transfer, simply reschedule it for after the maintenance window. Finally, use this time to review your overall portfolio strategy. Remember, patience is a virtue in cryptocurrency; these brief pauses are designed for long-term safety. When Will Upbit Resume INIT Services? Upbit has stated the suspension begins on December 22 at 9:00 a.m. UTC. The announcement is for a temporary halt, but it does not specify an end time. This is standard. The resumption will be announced separately once all checks are complete. Historically, Upbit completes such maintenance within hours or a couple of days. Keep an eye on their official notices for the “Service Resumption” announcement. Never attempt to send funds to your deposit address during a suspension, as this could lead to loss of assets. Conclusion: A Standard Step for Security In summary, the temporary halt on Upbit INIT deposits and withdrawals is a routine operational procedure. It underscores the exchange’s commitment to safeguarding user funds and ensuring network integrity. While momentarily inconvenient, such measures are far preferable to the risks of operating during unstable conditions. For INIT holders, this is a short-term pause, not a cause for alarm. The key takeaway is to stay informed through official channels and plan your transactions accordingly. Frequently Asked Questions (FAQs) Can I still trade INIT on Upbit during the suspension? In most cases, yes. Suspensions typically affect only the movement of tokens to and from the exchange (deposits/withdrawals). Spot trading of INIT on the Upbit order book usually continues uninterrupted. Always confirm in the latest announcement. How long will the Upbit INIT deposit suspension last? Upbit has not specified an end time. These maintenance windows can last from a few hours to a day or two. The exchange will publish a follow-up notice as soon as services are restored. Is my INIT safe on Upbit during this time? Yes. The suspension is a protective measure. Your INIT holdings in your Upbit wallet remain secure. The action is taken to prevent potential issues during a network update or system upgrade, not because of a security breach. What happens if I send INIT to my Upbit deposit address during the suspension? Do not do this. Transactions sent during a suspension may not be credited automatically and could be lost. Always wait for the official service resumption notice before making any deposits. Will this suspension affect the price of INIT? While any exchange action can cause minor market volatility, routine maintenance suspensions like this one rarely have a significant, long-term impact on an asset’s price. The effect, if any, is usually temporary. Where can I get official updates on this situation? The only source you should trust is the official Upbit announcement page or their verified social media channels. Avoid speculation from unofficial forums or groups. Found this guide helpful? Navigating exchange updates can be tricky. Help other crypto enthusiasts stay informed by sharing this article on your social media platforms like Twitter or Telegram. Knowledge is power in the digital asset space! To learn more about the latest cryptocurrency exchange trends, explore our article on key developments shaping platform security and user protection protocols. This post Crucial Update: Upbit Temporarily Suspends INIT Deposits and Withdrawals first appeared on BitcoinWorld .

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Coinbase Pushes Toward an “Everything Exchange” With Custom Stablecoins and Onchain Finance Push

  vor 18 Stunden

Coinbase has taken another step toward reshaping digital finance by unveiling Custom Stablecoins alongside a broad platform expansion. The new service allows partners to issue branded stablecoins backed by flexible collateral, including USDC. Significantly, projects such as R2, Flipcash, and Solflare have already signaled interest, with potential launches expected in the coming months. The move reflects Coinbase’s wider strategy to position itself as a single destination for trading, payments, and onchain activity. Besides stablecoins, Coinbase outlined a sweeping update that expands what users can trade and build on the platform. The company framed the rollout as part of its long-term vision to create an always-on financial system. Consequently, the platform now connects traditional markets, crypto assets, and onchain tools inside one unified experience. Custom Stablecoins and Payments Infrastructure Custom Stablecoins aim to give companies more control over how value moves through their ecosystems. Partners can embed branding directly into transactions while relying on Coinbase-managed issuance and compliance. Moreover, the stablecoins can earn rewards on balances, creating new incentives for user adoption. Coinbase also highlighted progress in payment infrastructure for developers and businesses. Its APIs now support custody, payments, trading, and stablecoins at scale. Additionally, stablecoin wallets can be embedded into third-party platforms, enabling direct checkout payments. Shopify has already launched stablecoin checkout, while other payment providers plan integrations in 2026. Hence, Coinbase appears focused on making stablecoins practical for everyday commerce. Expanding Markets: Stocks, Derivatives, and Predictions Coinbase has started rolling out stock trading for U.S. users, allowing equities and ETFs to sit alongside crypto holdings. Traders can buy and sell with USD or USDC and trade outside traditional market hours. Moreover, the company plans to extend stock perpetuals internationally, offering 24/7 exposure through derivatives. Prediction markets have also entered the Coinbase app through an initial partnership with Kalshi. Users can trade outcomes tied to real-world events, starting with small positions. Significantly, Coinbase plans to add more prediction platforms, widening access to event-driven markets. Onchain Access and the Base App Coinbase has expanded decentralized exchange access by integrating Solana trading through Jupiter. Consequently, users can swap newly launched tokens directly in the main app. The Base App now operates in more than 140 countries, combining social feeds, trading, and payments. Additionally, content within the app becomes tokenized and tradeable, shifting value toward creators.

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BTC hits most oversold drawdown since 2023

  vor 18 Stunden

BTC has continued its drawdown, entering oversold territory not seen since the 2023 bear market. The current selling has been ongoing for 73 days since the recent all-time high. BTC is still trading with highly fearful sentiment, and has not staged a recovery despite the expectations for a year-end rally. The current market climate puts BTC at the most oversold level since the 2023 bear market. BTC is entering deeply oversold territory, after 73 days of sliding since its all-time high. | Source: Bitbo . As of December 18, BTC traded at $86,948.17, with a dominance of 57.6%. The leading coin is just $10,000 above the yearly lows at around $76,000, raising comments that the market’s bullish momentum was wiped out in the latest crash. The October 10 crash and liquidations have a lasting effect for over two months. Historically, BTC and crypto have taken at least three months to recover liquidity and speculative open interest. The recent slides below $90,000 further solidify the beliefs that BTC may take longer to recover for a new bull market. In the past months, BTC saw a mix of selling and re-accumulation to different wallets. Derivative trading sentiment remains fearful, with low enthusiasm for an imminent rally. BTC is pressured by ETF selling, while some traders are trying to protect their earnings from an eventual prolonged bear cycle. Can BTC reverse course? BTC has shown indications of becoming an oversold asset for the past two months. However, this was not enough to re-spark the price rally. The market is still vulnerable to liquidations, attacking long positions whenever there is more liquidity accumulated. There are also indicators of traders protecting from ongoing dips in the $80,000 range. BTC open interest is down to $27.4B, remaining at a six-month low. The drawdown continued since the yearly peak at over $44B as of October 6. Spot trading has also been insufficient to stop the slide. Episodes of rapid selling have also shown their ability to stop any attempts at breakout rallies. As Cryptopolitan reported , BTC recovered to $90,000, only to crash to $85,000 in minutes. Additional Glassnode data shows holders are still distributing their BTC holdings. Based on options market positioning, traders may become more bullish above $90,000. At prices below that, traders opened more put options to protect from further downside. BTC shows signs of local bottom Based on the current metrics, BTC is showing signs of reaching a local low for its price. However, the markets are anticipating more dips, with downside protection for a slide under $80,000. BTC is setting expectations for ending December in the red, while logging a net yearly loss. Only around 64% of the BTC supply is in profit , once again sinking to levels not seen since 2023. For now, whales have realized enough gains, but BTC may see further selling at other capitulation levels. The net unrealized profit and loss still shows there are multiple wallets in profit even at thee $86,000 price range. The metric may indicate that there are still confident holders. On the other hand, an ongoing price weakness may mean the BTC capitulation is not over. The smartest crypto minds already read our newsletter. Want in? Join them .

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Analyst Suggests Bitcoin May Trade in $94K-$118K Range Amid ETF-Driven Stagnation

  vor 18 Stunden

Bitcoin's price stagnation in 2025 stems from subdued ETF inflows, cautious market sentiment amid economic uncertainty, and a lack of major catalysts. Trading in a narrow range near key support levels, BTC awaits clearer signals from global events to break out. Veteran analysts point to underwhelming ETF inflows as a primary drag on Bitcoin's price [...]

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XRP Ledger Adds Military-Grade Security Via Payments Engine Standard

  vor 18 Stunden

Ripple has published the first formal specification of the XRP Ledger’s Payment Engine, positioning it as a foundational upgrade for protocol safety as XRPL moves into a more feature-dense era. The document was released in partnership with formal methods firm Common Prefix and is intended to become a canonical reference for how payments and cross-asset value transfer behave on-ledger. The motivation is straightforward, and Ripple does not sugarcoat it. XRPL has operated for more than a decade without downtime, but the team argues that a long track record is still not the same as provable correctness. In the DEV Community post published Dec. 17 under the RippleX Developers banner, the authors write that “to prepare the ledger for the next generation of complex features, we must move beyond empirical success to mathematical certainty.” A Turning Point For XRP Ledger Security That is the tone throughout: less victory lap, more engineering debt disclosure. For much of XRPL’s life, the C++ implementation (xrpld) has effectively acted as the only definitive source of truth for core behavior. Ripple’s post calls out a practical problem with that model: “The code tells us, in very precise C++ terms, what it does. It does not always tell us why.” In other words, when code is the spec, it becomes difficult to separate intentional design choices from historical behavior that simply persisted because nothing broke. That gap starts to matter more as new amendments arrive. Ripple points directly to a pipeline of complex features — including lending, DEX-related work tied to Multi-Purpose Tokens (MPTs), batch transactions, and permissioned DEX concepts — and warns that the number of possible system states expands quickly as new modules “weave into the decades-old logic of the ledger.” The published specification is hosted on GitHub and labeled as work in progress, but it is already framed as a serious technical artifact: “a technical specification document intended for developers implementing or verifying XRPL payment system behavior.” It also spells out the heart of the system in plain language: the Payment Engine is what “figures out how value should travel and then carries out those moves,” enabling payments to draw across “ trust lines , MPTs, order books, AMMs , and direct XRP.” The deeper point, though, is what this enables next. Ripple’s post lays out a two-part target. First, a human-readable specification that reduces ambiguity and becomes the canonical reference for builders and researchers. Second, a machine-verifiable model — a mathematical representation of the spec — that can support mechanical proofs about system properties and whether proposed changes violate core safety guarantees. It is also explicit about scope discipline. Ripple argues that specifying the entire ledger in one shot is not realistic: “It would be prohibitively expensive and time-consuming to specify the entire system at once.” So the work focuses on what it describes as the two most critical and complex components: the Payment Engine and the Consensus Protocol. Consensus, in particular, is framed as non-negotiable infrastructure. Ripple describes it as “the heart of the ledger,” adding: “Its correctness is non-negotiable and underpins the safety and liveness of the entire network.” The stated objective is to formally model the mechanism to prove properties such as liveness, safety, and finality. On timing, Ripple is clear that this is the starting line, not the finish. After publishing the Payment Engine specification, the team says it intends to begin formal verification work on the Payment Engine and the Consensus Protocol in 2026. The closing line captures the direction of travel: “The shift from code-as-truth to mathematics-as-truth is underway.” In the XRP community, the announcement landed with predictable euphoria. “Absolute freaking game changer! … Aerospace & military grade security incoming,” wrote XRPL validator and community member Vet, adding: “The XRP Ledger is receiving its first formal specification for the payments engine. By mathematically specifying key protocol components Basically, this is the enabler for the endboss of audits AND for other things like complex features or client diversity .” At press time, XRP traded at $1.83.

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