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CryptoCurrency

Bitcoin Eyes Further Gains as Ethereum Struggles With Declining Demand

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Bitcoin Eyes Further Gains as Ethereum Struggles With Declining Demand

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

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Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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CryptoCurrency

Donald Trump Nods to Token’s Billions in First Address Since Launch

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Donald Trump at an NFT event at Mar-a-Lago on May 8, 2024. (Danny Nelson/CoinDesk)

TRUMP memecoin riches have spurred billions of dollars for the newly sworn-in U.S. President Donald Trump, an amount he termed as “peanuts” compared to corporate bigwigs in his first address of the token since launch.

“I don’t know much about it other than when I launched it. I heard it was successful,” Trump said in a press conference on Tuesday when asked by a reporter. “Where is it today? Several billion?

“That’s peanuts for these guys,” he added, referring to the networth of other businessmen in the room that included SoftBank’s Masayoshi Son, OpenAI’s Sam Altman and Oracle’s Larry Ellison.

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Token prices zoomed 25% in the past 24 hours, beating gains in bitcoin (BTC) and other majors, to reverse losses from earlier in the week. It sits at an $8 billion market capitalization as of Wednesday morning, up nearly 900% since going live.

Trump also unveiled a $500 billion joint venture termed Stargate at the event, which aims to build data centers in Texas and would invest in AI infrastructure.

Meanwhile, some see TRUMP as a bet on the Republican’s popularity and policies in his term, with ripple effects on how it may shape up Web3 and memecoin markets.

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“Longer term, TRUMP coin could act as a barometer for public sentiment towards Trump’s presidency,” Yat Siu, co-founder and executive chairman of Animoca Brands told CoinDesk in a message. “Culture memes and tokens are essentially a highly variable public polymarket of culture and zeitgeist, and we’ve seen this play out accordingly.”

“(However) If the initiative is perceived as a cash grab without further engagement, we may well see a crypto chill for meme tokens, potentially draining attention and liquidity out of the meme space. How the TRUMP token is handled is likely to have a ripple effect on trust and reputation for the entire crypto and Web3 industry,” Siu added.

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Business

UK borrows more than expected in December

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The UK government borrowed more than expected in December, underlining the challenge facing chancellor Rachel Reeves as she tries to restore confidence in her fiscal plans and kick-start growth.

Borrowing — the difference between public sector spending and income — was £17.8bn last month, £10.1bn more than in December 2023, and the third highest in any December on record, data from the Office for National Statistics showed on Wednesday. 

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It was above the £14.1bn expected by economists polled by Reuters, and the £14.6bn forecast by the Office for Budget Responsibility, the UK fiscal watchdog, in its most recent set of projections made in October.

In the first nine months of the fiscal year, borrowing was £129.9bn, which was £8.9bn more than in the same period in the previous fiscal year. It was also the second-highest borrowing in the April to December period since monthly records began in January 1993.

Jessica Barnaby, deputy director for public sector finances at the ONS, said that “spending on public services, benefits, debt interest and capital transfers were all up, while an increase in tax receipts was partially offset by a reduction in National Insurance contributions, following the rate cuts earlier in 2024”.

Column chart of £bn showing UK public sector borrowing in the financial year to December 2024 was higher than the official forecast

Reeves has sought to reassure investors after the UK’s borrowing costs this month climbed to the highest level since the global financial crisis, threatening her ability to meet a self-imposed fiscal rule in which day-to-day spending is covered by tax receipts.

Following the release of December’s borrowing figures, Darren Jones, chief secretary to the treasury, said: “Economic stability is vital for our number one mission of delivering growth, that’s why our fiscal rules are non-negotiable and why we will have an iron grip on the public finances.”

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The OBR, which has to produce two forecasts every financial year, will provide an update on March 26 on whether Reeves is still on track to meet her own borrowing rules.

UK borrowing costs have eased since figures last week showed inflation unexpectedly slowed in December, and a global bond sell-off abated.

But the government remains under pressure to turn around the economy, which grew just 0.1 per cent in November after mild contractions in September and October.

“While the bond market has calmed in the last week and fears of an emergency mini-Budget have subsided, the chancellor will be very aware of the dissipation of government finances as we head towards the OBR’s economic and fiscal forecast scheduled for 26 March,” said Joe Nellis, economic adviser at MHA, the accountancy and advisory firm.

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Sterling remained 0.2 per cent lower at $1.23 following the release of the figures.

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Technology

Meta lures TikTok creators with $5K bonuses, content deals, free verification

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The apps Instagram, Facebook and WhatsApp can be seen on the display of a smartphone in front of the logo of the Meta internet company.

Meta is luring TikTok creators over to its platforms with the promise of cash bonuses, content deals, and support to grow their communities. The company announced on Tuesday that eligible TikTok creators will be able to earn “up to” $5,000 in bonuses over three months for posting Reels on Facebook and Instagram.

These creators will also get access to the Facebook Content Monetization program, which allows creators to earn money for their videos, photos, and text posts on Facebook. Additionally, Meta will offer some TikTok creators content deals to help grow their audiences on Instagram and Facebook.

Some TikTok creators will also get a one-year trial of Meta Verified, which includes a verified badge, account support, and impersonation protection. (The company did not share the criteria for whose will receive access).

While TikTok is back online in the U.S. after going dark for 12 hours over the weekend, the ByteDance-owned social network is still missing from app stores. Although President Donald Trump signed an executive order on Monday to delay the TikTok ban deadline by 75 days and told the Department of Justice not to enforce the ban’s penalties, it’s unknown when (or if) the app will return to Apple and Google’s app stores.

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Meta is clearly taking advantage of TikTok’s current troubles by poaching and attracting some of the service’s creators.

The company also said it’s rolling out changes to Reels to make the short-form video format more appealing to TikTok creators. For instance, U.S.-based Instagram creators can now publish Reels up to three minutes long, a notable increase from the previous 90-second limit. On TikTok, however, creators can record videos up to 10 minutes long, and in some cases, upload content up to an hour in length.

In addition, Meta is going to make Reels more prominent, as the company plans to recommend Reels in more places across Instagram in Facebook. For instance, people may start to see recommended Reels higher up in their home feed. Plus, they may see more reels in their search results.

To further court TikTok creators, Meta notes that it has optimized its ranking systems to allow newer creators to break through to new audiences.

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Meta will also allow creators to show their Instagram, TikTok, or YouTube handles and follower counts in their Facebook profiles to boost their credibility on its platform.

Meta already made other changes to take advantage of TikTok’s current uncertainty in the U.S.

On Sunday, Meta revealed that it’s going to launch a CapCut-like app called Edits next month. On Friday, it introduced updates to make it easier for Instagram users to find Reels that their friends and followers are liking on the platform. The app will also encourage users to start conversations about Reels through a new “reply bar.”

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CryptoCurrency

Bitcoin Price Predition: BTC Reaches ATH Of $109K As Yeti Ouro Attracts Whales

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The cryptocurrency market has been experiencing heightened volatility. Strikingly, Bitcoin, the biggest cryptocurrency in the world, has caught the eyes of investors and market participants alike. 

A new player, Yeti Ouro (YETIO), a hot new utility memecoin has captured whale activity with its splendid blend of gaming and cryptocurrency utility. 

Bitcoin Price Prediction

Bitcoin spiked to a new all-time high early in the week but pulled back following the inauguration of President Donald Trump. Under current circumstances, the tables have turned and the king of crypto has cemented its position as the leading cryptocurrency. At the time of writing, Bitcoin price is at $102,052.07 on Coinmarketcap. 

Additionally, leading to a market cap of $2.02 Trillion, the asset has recorded a 7.56% in the past week.

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A recent report suggested that Trump might back a strategic reserve of “America-First” cryptocurrency.  This strategic reserve, reportedly, will include digital assets such as SOL, XRP, and Circle’s USDC stablecoin.

Yeti Ouro: The Next 100X Meme Coin?

Investors majorly whales have shifted their focus to a new utility memecoin built on the Ethereum blockchain, Yeti Ouro.

Notably, Yeti Ouro is a rewarding community-focused asset with a unique blend of real-world utility. YETIO combines the viral appeal of meme culture with a robust use case centred around its thrilling Play-to-Earn game, Yeti Go. 

At the heart of Yeti Ouro’s ecosystem is Yeti Go, an Unreal Engine-power P2E racing game that combines fast-paced action with blockchain technology. In Yeti Go, players compete in intense, destructive races where the stakes are high. From knocking opponents off tracks to dodging environmental hazards, the game promises adrenaline-filled experiences.

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Players earn YETIO tokens by winning races, completing challenges, and participating in special events, making Yeti Go a gaming experience that’s not only fun but also financially rewarding. Features like power-ups, weaponized gadgets, and customizable vehicles add layers of strategy and excitement to the gameplay.

The dev team recently shared a video showing the first glance of the Level 1 map of Yeti Go game. 

Why Whales Are Flocking To Yeti Ouro

As established cryptocurrencies face market uncertainty, whales are turning to YETIO for its growth potential and real-world integration. Yeti Ouro has garnered interest from early investors in its presale giving early investors a more than 40% return on investment (ROI) therefore capturing significant whale attention. The price of YETIO during Stage 2 of its presale is $0.017 and almost a third of tokens allocated for Stage 2 have been sold already.

On the other hand, Yeti Ouro has a deflationary market cap of 1 billion tokens offering the potential for further price gains. Secondly, with great tokenomics, the digital asset has put aside 5% for burning, further reinforcing the notion of potential price increases. Additionally, for the gamers, another 5% has been put aside for rewards. 

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It is worth mentioning that the asset has undergone rigid auditing from Solidproof indorder to enforce accountability. 

Join The Yeti Ouro Community 

Website: https://yetiouro.io/

X (Formally Twitter): https://x.com/yetiouro

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Telegram: https://t.me/yetiouroofficial

Discord:https://discord.gg/YtUsEZ2Zr

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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CryptoCurrency

Crypto firm pleads guilty to wash trading FBI-made token

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CLS Global admitted to helping wash trade and manipulate the market for a token made by the FBI designed to draw in those engaged in fraudulent crypto activities.

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Business

ECB’s Knot Says Bets on Jan., March Cuts Are Reasonable

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European Central Bank Governing Council Member and Dutch Central Bank President Klaas Knot discusses the outlook for monetary policy, inflation and the potential “downside risk” of protectionist US trade policies. The ECB looks set to reduce interest rates next week, and Knot says investor bets for cuts in both January and March are reasonable. Knot speaks on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland.

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Business

A California couple is suing JetBlue for $1 million, alleging a block of ice the size of a watermelon fell from a plane and crashed into their bedroom

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The civil lawsuit, filed Jan. 9, 2025, alleges the ice ball came from JetBlue flight 2715, which was flying over their home at that exact moment. Read More

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Technology

I’m getting PS4 flashbacks – Nvidia’s RTX 5090 FE reportedly uses 600W of power and “sounds like a jet engine”

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Moody shot of an Nvidia GPU

  • A new rumor suggests the RTX 5090 will use 600W of power
  • Comments in a Chinese forum point toward the new GPU being much louder
  • PSU requirements are 1000W according to Corsair

Nvidia‘s RTX 5090 promises to provide a step up from the previous generation’s RTX 4090, but that could come at a significant cost according to new rumors – and you might want to invest in a beefy power supply.

As reported by Tomasz Gawronski on X, discussions within Chiphell (a Chinese forum page about the latest PC hardware) suggest that Nvidia’s RTX 5090 Founders Edition GPU will use 600W of power while being much louder compared to the 4090. This is based on what appears to be an upcoming review with the embargo set for January 24, with a post translated from Chinese that says “The editor cursed while testing… After all, the power consumption increased, the current increased, and the screaming also increased~”.

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CryptoCurrency

Neptune shares rise 40% after securing $20m credit line to buy more Bitcoin

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Bitcoin price may see a harsh reversal after Fed decision

Shares of Canadian crypto provider Neptune surged 40% after it secured a $20 million credit facility from Sygnum Bank to buy Bitcoin.

Neptune Digital Assets Corp., a public Canadian infrastructure provider, saw its shares climb 40% on over-the-counter markets after locking in a $20 million credit line from Sygnum Bank, the Swiss digital asset-focused lender.

The loan, backed by Neptune’s Bitcoin (BTC) holdings, will help it expand its Bitcoin stash as well as buy other crypto-related assets, and fund strategic investments, the firm said in a Jan. 21 press release.

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“The loan is structured to give us ample flexibility while maintaining Swiss banking protections over the Bitcoin collateral. At this pivotal stage in our development, the US$20 million positions us to expand our digital asset portfolio, pursue strategic investments, and strengthen our balance sheet — without diluting shareholders through equity issuance.”

Cale Moodie, Neptune’s CEO

Sygnum Bank also pears confident in Neptune’s plans, with head of credit Benedikt Koedel sharing his excitement to support the firm “as they expand their digital asset portfolio.” The market responded fast, with Neptune’s shares surging over 40% on OTCMarkets to a record high of $1.15. The firm also trades on the TSX Venture Exchange under the ticker NDA.

The move followed a wave of activity from other public companies rushing to buy Bitcoin under the first pro-crypto administration in the White House. For example, Oxbridge Re Holdings Limited, a publicly listed reinsurance and tokenized asset firm, announced on Jan. 21 that it added Bitcoin and Ethereum (ETH) to its treasury reserves as a store of value.

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