CryptoCurrency
MicroStrategy Expands Its Bitcoin Empire: Acquires 11,000 BTC For $1.1 Billion
On Tuesday, tech giant MicroStrategy purchased an additional 11,000 Bitcoin (BTC) for approximately $1.1 billion, as disclosed by its chair and co-founder Michael Saylor in a social media post on X (formerly Twitter).
This acquisition marks the company’s 11th consecutive week of Bitcoin purchases, reinforcing its status as a significant player in the digital currency space. Saylor has been at the forefront of this strategy, positioning the enterprise software company as a leveraged Bitcoin proxy.
MicroStrategy Bitcoin Holdings Surge
According to Microstrategy’s filing with the US Securities and Exchange Commission (SEC), the firm acquired the Bitcoin at an average price of about $101,191 per token between January 13 and January 20.
With this latest purchase, the firm now holds over 2% of all Bitcoin that will ever be mined, representing approximately $47.9 billion in total Bitcoin holdings. MicroStrategy has been funding these acquisitions through a combination of at-the-market stock sales and convertible debt offerings.
The timing of this latest purchase aligns with a broader shift in the regulatory environment under President Donald Trump, who has transitioned from being a crypto skeptic to a supporter of the industry.
This change is expected to create a more favorable regulatory framework for cryptocurrencies, prompting Saylor and MicroStrategy to accelerate their capital goals and Bitcoin buying efforts.
Ahead of Trump’s inauguration, the firm’s co-founder even attended the first ever “Crypto Ball” in Washington on Friday, where he engaged with key figures in the incoming administration.
New Shares To Support BTC Strategy
In a related development, MicroStrategy shareholders voted also on Tuesday to approve a staggering 30-fold increase in the number of authorized Class A common shares, raising it from 330 million to 10.3 billion.
According to a Bloomberg report, this decision, which passed with around 56% of the vote, is designed to facilitate further financing for the company’s Bitcoin purchases. Additionally, shareholders voted to increase the authorized shares of preferred stock from 5 million to 1 billion.
These amendments will take effect once MicroStrategy files the necessary certificate of amendment with the Delaware Secretary of State. The report notes that with Chairman Saylor holding about 47% of the voting power, the outcome was largely anticipated.
The newly authorized shares will also be utilized for various financial strategies, including private transactions of Class A stock, sales of at-the-market equity offerings, and settling redemptions or conversions of convertible notes. However, the company has indicated that it may choose not to sell all of the additional shares.
At the time of writing, Bitcoin continues to experience significant price volatility, with its price hinting at a new record high. It is currently trading at $106,400, representing a 2.5% increase in the 24-hour time frame.
Featured image from DALL-E, chart from TradingView.com
CryptoCurrency
Early investors eye these 5 meme coins for gains, CATZILLA leads the pack
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As the crypto market surges, meme coin CATZILLA captures attention with promises of massive returns and a bold mission to disrupt the space.
As the crypto market experiences a surge, certain meme coins are catching significant attention. Among them, CATZILLA stands out, captivating early investors with promises of remarkable returns. These emerging tokens are drawing interest not only for their humor and community appeal but also for their potential to deliver extraordinary financial gains in the current bullish landscape.
Catzilla: Pouncing into the meme coin spotlight
In the vibrant world of meme coins, where creativity meets opportunity, CATZILLA is staking its claim as a breakout star. Inspired by the legendary success of tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla fuses the chaotic energy of Japanese kaiju culture with cutting-edge crypto innovation. Its Godzilla-sized feline mascot creates an engaging, story-driven narrative that appeals to gamers, anime lovers, and investors alike.
With its anime-inspired flair and rebellious spirit, Catzilla doesn’t just aim to entertain; it’s rallying a community of crypto enthusiasts ready to rewrite the rules of decentralized finance.
Unlike the flash-in-the-pan meme coins of the past, Catzilla is here to stay. Its presale offers a unique 14-stage rollout, giving early adopters multiple opportunities to secure tokens at a steadily increasing price. With a projected ROI of 700%, Catzilla is shaping up to be more than just a meme; it’s a serious contender for investors chasing exponential gains.
Catzilla operates on a powerful threefold value proposition:
- Epic gameplay: A thrilling game that lets players earn rewards while immersing themselves in a chaotic, kaiju-inspired universe.
- Unified mission: A bold vision to disrupt the greed and manipulation often associated with the crypto space.
- Community spirit: A vibrant, inclusive movement that combines the fun of meme culture with the potential for financial freedom.
By merging entertainment with empowerment, Catzilla is setting a new standard for what meme coins can achieve. Catzilla isn’t just another meme coin; it’s a revolution. By embracing its bold and monstrous identity, it’s restoring the playful and decentralized spirit of crypto while offering transparency and fairness to its users.
Shiro Neko price eyes major upswing: Is a rally coming?
Shiro Neko is testing new grounds as prices hover between $0.000000026 and $0.000000093. Currently, it’s dancing close to its 10-day SMA but lags behind the 100-day SMA. There’s potential for growth with the first resistance at $0.000000135. Breaking past this could lead to a surge towards the second resistance at $0.000000201, representing potential gains of over 100%.
The MACD remains negative, signaling some caution. However, the wide gap between support and resistance levels suggests room for bullish movement. If bulls take charge, Shiro could outperform and carve a new path upward, promising an exhilarating ride for investors.
Degen: Set for a comeback?
Degen is bouncing back with its price stabilizing between $0.007029 and $0.010264. The RSI at 53.34 suggests it’s not overbought or oversold, showing a balanced momentum. The 10-day moving average is slightly below its 100-day, hinting at potential upward movement. Currently, it’s fighting to break through the nearest resistance at $0.012371.
If it succeeds, the next target is $0.015606, representing a gain of over 50% from current levels. While recent price changes have been negative, the long-term 6-month change of 2.00% suggests resilience. With market sentiment picking up, Degen seems positioned for a rally amid a broader crypto bull run.
Chill Guy poised for a potential breakout
CHILLGUY is currently priced between $0.07 and $0.13, showing potential for growth. The nearest resistance at $0.17 is key. If broken, it could surge to $0.23, marking a substantial increase. The 10-day simple moving average at $0.08 suggests a potential upward trend. Meanwhile, the RSI is at 56.07, indicating there’s room for growth before it hits overbought levels.
Stochastic also signals a possible move up. Despite recent declines in both weekly and monthly terms, there’s optimism among traders for an altcoin season surge. This could provide the momentum needed to break resistance levels and drive significant price increases for CHILLGUY.
Fartcoin’s price skyrockets, eyeing new highs
Fartcoin is on a bullish path with a recent surge in its price. In the past week, the price jumped over 74%, and in the last month, it climbed by 134%. This strong momentum suggests further growth potential. Fartcoin currently trades between $0.98 and $3.05, moving past its short-term moving averages. The RSI at 53.93 indicates more room to grow.
The coin could target its first resistance level at $3.94 and potentially reach the second level at $6.01. With a 100-day moving average of $1.82, Fartcoin shows a promising upward trend. The emotional excitement in both short and long terms hints at an altcoin season, possibly paving the way for a broader crypto bull run.
Conclusion
While SHIRO, DEGEN, CHILLGUY, and FARTCOIN have less short-term potential, Catzilla stands out as the ultimate meme coin hero. Offering major ROI during presale, from $0.0002 to $0.0016 over 14 stages, it combines governance, loyalty rewards, and passive staking. Catzilla unites a community to dismantle toxic systems and achieve new heights in financial freedom.
To learn more about Catzilla, visit the website, X, Telegram chat.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
CryptoCurrency
Meme Index ICO Raises Millions as Investors Bet Big on New Era of Meme Coin Trading
Meme coins are famous for their volatility – but a new project wants to bring order to the chaos.
Meme Index (MEMEX) has raised over $2.7 million for its index-based approach to meme coin investing.
And with its early momentum showing no signs of fading, the future looks promising for MEMEX.
How Meme Index’s Diversification Strategy Works in Practice
Meme Index offers a simple solution to the volatility of meme coins: diversification.
Instead of betting on a single coin, Meme Index lets investors spread their risk across the entire meme coin market, similar to how traditional investors diversify their portfolios with stocks.
This is achieved through four indexes – each targeting a different area of the meme coin market.
The Meme Titan Index focuses on established coins like PEPE and SHIB, offering a more conservative approach.
For those seeking higher-risk, higher-reward opportunities, the Moonshot Index tracks promising newcomers with strong potential.
The Midcap and Frenzy Indexes cater to those interested in smaller coins.
This structure lets traders choose their risk level, offering exposure to big names and low-cap gems.
All while mitigating the anxiety of single-token investments.
It’s a setup that’s attracting a lot of attention online, especially on Twitter, where Meme Index has over 21,000 followers.
The MEMEX token has also been ranked on CoinSniper’s list of cryptos to watch.
MEMEX Token – High Yields Meet Community Governance
MEMEX is more than just a random coin; it’s the key to unlocking all of Meme Index’s features.
Holding MEMEX grants users access to all four indexes and also gives them governance rights.
This means token holders can actively participate in shaping Meme Index’s future.
They can vote on everything, from index composition to which features the development team should add next.
What’s also eye-catching is Meme Index’s staking program.
This program offers market-beating yields for MEMEX holders, estimated at 856% annually.
That means an investor could hypothetically stake 100,000 MEMEX and see their holdings grow to over 950,000 tokens in just one year (assuming the yield remains constant).
Some big-name YouTubers are beginning to discuss Meme Index’s potential.
NASS CRYPTO, who has over one million subscribers, released a viral video earlier this week about the project.
It has had more than 68,000 views in 24 hours.
The fact that such popular influencers are talking about Meme Index shows just how much interest there is in meme coin trading solutions.
Why Meme Index Could Thrive in a 2025 Bull Market
Meme Index’s momentum coincides with some bullishness in the crypto market.
Bitcoin’s latest all-time high and Wall Street’s growing acceptance of crypto have created huge positivity.
Political developments, such as Trump making pro-crypto appointments, add to the bullish sentiment.
Many believe the market is primed for another bull run.
And this context makes Meme Index particularly interesting.
During the previous bull run, meme coins produced enormous returns for some investors, but others suffered losses by getting in at the wrong time.
Meme Index’s index-based approach offers a solution to this.
Instead of trying to pinpoint when a meme coin might break out, traders can instead diversify across a basket of coins, capturing potential gains across the board.
The benefits of this are huge – lower risk, more balanced exposure, and a strategy that’s built for the long term.
No wonder Meme Index’s Telegram channel has multiplied in early 2025.
So, with millions in presale funding raised and a fast-growing online community, Meme Index looks set for a successful year.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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CryptoCurrency
Musk’s DOGE Website Is Live, Will Solaxy Presale 100x?
Day Two of the Trump administration and the DOGE (Department of Government Efficiency) website is up and running. Only time will tell if DOGE actually accomplishes anything. The big idea behind it is to find savings and improve the efficiency of the government. And who better to do that than Elon Musk himself?
Maybe this new government department could start with disbanding useless government departments?
Dogecoin to be the Official US Government Cryptocurrency?
It wouldn’t be a stretch to assume that one of the cost savings a Department of Government Efficiency could implement would be to move the payroll of federal transactions over to the blockchain. Since Musk is a crypto fanatic, it wouldn’t surprise anyone if that happened. And with the Dogecoin logo already on the DOGE website, could $DOGE be used as the official government cryptocurrency? Then again, perhaps it will be Solaxy ($SOLX).
Solaxy to Boost Efficiency on the Solana Ecosystem
After all, the whole reason for Solaxy’s existence is to optimize the Solana blockchain for better efficiency. And right now, ‘efficiency’ is Elon’s favorite buzzword.
Fact is, just like the US government, the Solana blockchain has become overwhelmed with problems and inefficiencies, resulting in congestion and slow transactions. Solaxy, like Musk’s D.O.G.E, has come along just at the right time to potentially fix it.
Solaxy is still in its presale phase, and with the current $SOLX token price at a bargain $0.00161, and a 286% staking APY, those are cost savings that the US public can get behind.
Solana Swamped by $TRUMP and $MELANIA Coin Transactions
Solana is getting a surge of attention due to the emergence of the Solana-based $TRUMP and $MELANIA coins. The rush onto Solana to buy Trump coins has been sorely testing the Solana network like never before, with both users and third-party platforms reporting congestion and delays.
But as President Trump has chosen Solana for his own new coin, the platform is due for an upgrade. This is precisely what Solaxy will offer, a layer-2 solution to Solana to offload some traffic and reduce the load.
Solaxy, being an Ethereum-based token, will also bridge the two blockchains, leveraging Ethereum’s liquidity and Solana’s popularity to unleash the full potential of the meme coin market.
Make Way for the Memes
So, if efficiency and fixing the problems holding back the memes and the government get you inspired, check out this new presale before the price goes up. The use case couldn’t be stronger at the moment.
Just head on over to the official Solaxy website, connect your crypto wallet, and start buying $SOLX. God bless you, good citizen, for serving your country. But remember, never invest money you can’t afford to lose, and always do plenty of independent research before committing any funds.
CryptoCurrency
ICP Drops 5.6% as Index Trades Lower From Tuesday
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3956.13, down 0.5% (-21.14) since 4 p.m. ET on Tuesday.
Three of 20 assets are trading higher.
Leaders: SOL (+2.8%) and XRP (+0.2%).
Laggards: ICP (-5.6%) and HBAR (-4.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
CryptoCurrency
The best crypto exchanges for beginner traders in Poland
Cryptocurrencies have gained significant popularity in Poland in recent years, attracting the attention of both experienced investors and beginners. Choosing the right cryptocurrency exchange is a key step for a successful start in the world of digital assets. In this article, we will take a look at the best crypto exchanges that are ideal for beginner traders in Poland. For those looking for additional ways to spend time online, check out kasyno-polskie-online.com, where exciting opportunities await you (“Online platforms offer unique opportunities for entertainment and adrenaline, but responsible use is essential,” as Jeyson Peterson, an expert in online casino games, wisely noted).
1. Bitget: The leader among cryptocurrency exchanges
Bitget is one of the largest cryptocurrency exchanges founded in 2018 and registered in Seychelles. It provides a complete platform for trading digital assets, offering more than 400 available cryptocurrencies and a wide range of trading pairs. More than 8 million users use the platform and the average daily trading volume exceeds $10 billion.
Advantages of Bitget:
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User-friendly interface: The platform is designed with both beginners and experienced traders in mind, providing an intuitive and easy-to-use interface.
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Low Commissions: Bitget offers competitive trading commissions, which is especially important for beginner traders looking to minimise costs.
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Support for fiat currencies: The platform supports deposits in Polish zloty (PLN), making it easy for Polish users to fund their accounts.
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Extensive selection of cryptocurrencies: Bitget provides access to over 400 cryptocurrencies, including popular coins and altcoins, allowing traders to diversify their investments.
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Educational Materials: For beginners, there are various educational resources available, including video tutorials and articles that help to better understand the basics of cryptocurrency trading.
2. Binance: The largest cryptocurrency exchange
Binance is the largest cryptocurrency exchange in the world, offering a wide range of services for traders of all levels. Since its inception in 2017, Binance has established itself as a reliable and innovative platform.
Benefits of Binance:
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Extensive cryptocurrency selection: Binance supports over 350 cryptocurrencies including Bitcoin, Ethereum, Binance Coin and many more, allowing traders to choose from a wide range of assets.
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Low Commissions: The platform offers competitive trading commissions, which can be reduced when using Binance Coin’s proprietary token (BNB).
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Educational Resources: Binance provides an extensive educational platform, Binance Academy, where aspiring traders can learn the basics of cryptocurrency trading and blockchain technology.
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Fiat currency support: Binance supports deposits and withdrawals in a variety of fiat currencies, including Polish zloty, which is convenient for Polish users.
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Variety of trading instruments: The platform offers spot trading, futures, options and other financial instruments, allowing traders to choose the most suitable for their strategies.
3. Bybit: A user-friendly platform for beginners
Bybit is a cryptocurrency exchange focused on providing a convenient and secure trading experience for users around the world. Since its inception, Bybit has established itself as a reliable platform with an intuitive interface.
Benefits of Bybit:
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Intuitive interface: The platform is designed with beginners in mind, providing a simple and straightforward trading interface.
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Low Commissions: Bybit offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: Various educational resources are available for beginners, including video tutorials and articles to help them better understand the basics of cryptocurrency trading.
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Fiat currency support: Bybit supports deposits in a variety of fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
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Extensive selection of cryptocurrencies: The platform provides access to a wide range of cryptocurrencies, including popular coins and altcoins.
4. Kraken: Reliability and Security
Kraken is one of the oldest cryptocurrency exchanges, founded in 2011, known for its reliability and high level of security. The platform offers a wide range of services for traders of all levels.
Advantages of Kraken:
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High level of security: Kraken pays special attention to the safety of users’ funds, using advanced security technologies.
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Extensive selection of cryptocurrencies: The platform supports more than 290 cryptocurrencies, including Bitcoin, Ethereum and other popular coins.
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EducationalResources: Kraken provides educational materials to help beginners understand the basics of cryptocurrency trading.
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Fiat Currency Support: Kraken supports deposits and withdrawals in a variety of fiat currencies, including Polish zloty, which is convenient for Polish users.
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Variety of trading instruments: The platform offers spot trading, futures and other financial instruments, allowing traders to choose the most suitable for their strategies.
5. Huobi: Simple interface and excellent support
Huobi is one of the largest cryptocurrency exchanges in the world, with more than 5 million users worldwide. The platform is known for its security, user-friendly interface, and features for beginner traders. Huobi offers a wide range of cryptocurrencies and easy-to-use trading tools that are perfect for beginners.
Benefits of Huobi:
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Wide selection of cryptocurrencies: Huobi supports over 300 cryptocurrencies, including popular coins and altcoins, giving traders plenty of options for trading.
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Low commissions: The platform offers competitive trading commissions, which is especially important for beginner traders looking to minimise costs.
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Intuitive interface: The platform has a simple and straightforward interface, making it easy for beginners to understand cryptocurrency trading.
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Tutorials: Huobi provides various resources for beginners, including step-by-step guides, articles and video tutorials.
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Fiat currency support: The exchange supports deposits in several fiat currencies, including Polish zloty, which is convenient for users from Poland.
Huobi is a reliable and convenient platform that is suitable for those who are just starting their journey in cryptocurrency trading.
6. Phemex: A highly leveraged platform
Phemex is a cryptocurrency exchange that provides users with the ability to trade with high leverage to increase potential profits. The exchange offers over 400 cryptocurrencies and supports a variety of trading instruments including spot and futures trading. Phemex is known for its high liquidity and fast order execution.
Benefits of Phemex:
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High leverage: The platform offers leverage up to 100x, allowing traders to maximise potential profits.
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Extensive cryptocurrency selection: Phemex supports over 400 cryptocurrencies, including popular coins and altcoins.
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Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Training materials: Phemex provides various training resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
7. BingX: Social Crypto Exchange
BingX is a cryptocurrency exchange that specialises in social trading, allowing users to copy the trades of experienced traders. The exchange supports over 800 cryptocurrencies and offers a variety of trading tools, including spot and futures trading. BingX is known for its intuitive platform and low commissions.
Benefits of BingX:
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Social trading: The platform allows you to copy the trades of experienced traders, which is ideal for beginners.
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Extensive cryptocurrency selection: BingX supports over 800 cryptocurrencies, including popular coins and altcoins.
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Low Commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: BingX provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
8. OKX: A platform with a wide range of services
OKX is a cryptocurrency exchange that offers a wide range of services, including spot and futures trading, as well as lending and borrowing services. The exchange supports over 300 cryptocurrencies and is known for its high liquidity and fast order execution.
OKX advantages:
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Wide range of services: OKX offers spot and futures trading as well as lending and borrowing services.
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Extensive selection of cryptocurrencies: The exchange supports more than 300 cryptocurrencies, including popular coins and altcoins.
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Low Commissions: OKX offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: The platform provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Support for fiat currencies: OKX supports deposits in various fiat currencies, including Polish zloty, which makes it easy for Polish users to fund their accounts.
9. KuCoin: An exchange with a wide selection of altcoins
KuCoin is a cryptocurrency exchange known for its wide selection of altcoins and innovative trading products. The exchange supports over 700 cryptocurrencies and offers various trading tools including spot and futures trading.
KuCoin advantages:
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Wide selection of altcoins: KuCoin supports more than 700 cryptocurrencies, including many altcoins, allowing traders to diversify their investments.
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Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Educational materials: KuCoin provides various educational resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
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Innovative trading products: KuCoin offers a variety of innovative trading products including staking, lending and borrowing, allowing traders to earn additional income.
10. Phemex: A highly leveraged platform
Phemex is a cryptocurrency exchange that provides users with the ability to trade with high leverage to increase potential profits. The exchange offers over 400 cryptocurrencies and supports a variety of trading instruments, including spot and futures trading. Phemex is known for its high liquidity and fast order execution.
Benefits of Phemex:
-
High leverage: The platform offers leverage up to 100x, allowing traders to maximise potential profits.
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Extensive cryptocurrency selection: Phemex supports over 400 cryptocurrencies, including popular coins and altcoins.
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Low commissions: The exchange offers competitive trading commissions, which is especially important for beginner traders.
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Training materials: Phemex provides various training resources, including video tutorials and articles to help beginners understand the basics of cryptocurrency trading.
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Fiat currency support: The platform supports deposits in various fiat currencies, including Polish zloty, making it easy for Polish users to fund their accounts.
Conclusion
Choosing the right cryptocurrency exchange is an important step for aspiring traders in Poland. Exchanges such as Bitget, Binance, Bybit, Kraken, KuCoin, Phemex and OKX offer a variety of tools and resources to help beginners successfully start trading cryptocurrencies. When choosing an exchange, it is advisable to consider factors such as commissions, supported cryptocurrencies, availability of fiat currencies, educational resources, and level of security. Thorough research and choosing the right platform will help ensure a successful start in the world of cryptocurrency trading.
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.
CryptoCurrency
Ethereum layer 2 SOON raises $22M via NFT sale for mainnet launch
SOON raised $22 million through an NFT sale to celebrate its mainnet launch, aiming for community-driven growth with fair tokenomics and Solana Virtual Machine integration.
CryptoCurrency
Ethereum Core Developer Eric Conner Departs Community Amid Leadership Concerns
In a significant development for the Ethereum ecosystem, Eric Conner, a long-standing core developer, has announced his departure from the community after 11 years of involvement. Conner cited a “lost passion” and dissatisfaction with the current leadership of the Ethereum Foundation (EF) as the primary reasons for his exit.
Conner shared his decision on the social media platform X, expressing frustration over what he perceived as the leadership’s failure to prioritize community needs and demands. He stated, “I am no longer a dot eth. Perhaps someday those in leadership roles will realign with the community, but for now, I am out. Deep down, I truly hope Ethereum succeeds.”
He criticized the Ethereum Foundation for its lack of transparency and disconnect from the community. He announced his intention to concentrate on the intersection of cryptocurrency and artificial intelligence, beginning a new journey with Freysa AI.
The situation has sparked intense discussions about Ethereum’s future governance and leadership structure. There appears to be a divide over Ethereum’s future direction and how closely it should adhere to decentralization principles.
This announcement comes in the wake of recent statements by Ethereum co-founder Vitalik Buterin regarding ongoing leadership changes within the foundation. On January 21, Buterin asserted his authority over the EF, stating, “The person deciding the new EF leadership team is me.” This declaration was made amidst growing community calls to promote Danny Ryan, a researcher and developer, to a leadership role.
The situation has sparked intense debate within the Ethereum community. Some supporters have gone to extreme lengths, with reports of harassment and even death threats directed at EF executive director Aya Miyaguchi. Buterin strongly condemned these actions as “pure evil.”
In response to the unfolding events, Matthew Sigel, Head of Digital Assets Research at VanEck, suggested that EF leadership should be highly compensated, with the price of Ethereum (ETH) serving as one of several key performance indicators for leadership roles.
As for Conner’s future plans, he announced his intention to focus on the intersection of cryptocurrency and artificial intelligence, beginning a new journey with Freysa AI.
This departure highlights the ongoing challenges and debates within the Ethereum community regarding governance, leadership, and the future direction of one of the most prominent blockchain ecosystems in the world.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
CryptoCurrency
2 Key Indicators Suggest Bitcoin’s Price Could Soar to New Highs Soon
Now that the dust from Trump’s inauguration has settled and the market is anticipating the first big crypto move by the new US president, on-chain data reveals that BTC could be poised for another breakout rally soon.
The two major factors that could propel such a price surge are the growing whale activity, as well as the robust network.
BTC Whales Keep Buying
It has been a wild few months in the cryptocurrency space. It all started with the US elections when the self-proclaimed crypto president, Donald Trump, won a decisive victory against the Democrat rival. BTC and the rest of the market shot up immediately.
Despite some shockwaves and substantial turbulence on the way up, bitcoin managed to break through several barriers and ultimately shot up to over $100,000 for the first time ever in December. More volatility ensued in the following weeks, including a price dump to under $90,000 last Monday, but ultimately, the asset’s bull run endured, and it recorded a new all-time high on inauguration day of over $109,000.
Although Trump failed to mention crypto during his speech, which was followed by an expected correction, BTC’s price has managed to remain within six-digit territory and is now a few grand away from charting a fresh peak. Moreover, the positive developments on US soil and perhaps the promise of a more favorable regulatory environment have pushed whales to return with massive price purchases.
Data from Santiment, shared by Ali Martinez, shows that such large market participants had accumulated more than 22,000 BTC (valued at over $2.2 billion) within a span of just 72 hours. Such significant purchases dry up the available supply and reduce the immediate selling pressure, which could potentially lead to fresh price rallies.
Whales have bought over 22,000 #Bitcoin $BTC in the last 72 hours, worth more than $2.24 billion! pic.twitter.com/bl87JcROKU
— Ali (@ali_charts) January 21, 2025
Network Activity
The second factor listed by the popular analyst is the overall network state. The aforementioned whale activity, alongside the growing number of daily active addresses, has resulted in a more robust network shape, which could also serve as a catalyst for “potential price appreciation,” asserted Martinez.
#Bitcoin network activity remains strong, with daily active addresses and whale transactions increasing simultaneously. This trend signals a positive outlook for potential price appreciation. pic.twitter.com/EMf8uyv3SB
— Ali (@ali_charts) January 21, 2025
The dark horse here is the upcoming actions (or lack of them) by Trump. We saw that his failure to mention crypto during his speech resulted in immediate price declines. Consequently, it’s only safe to assume that if he doesn’t follow through on at least a portion of his numerous pro-crypto promises, BTC’s price run could be halted prematurely.
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Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
CryptoCurrency
Dogecoin Retraces Pump as Elon Musk’s D.O.G.E No Longer Shows Token
Dogecoin (DOGE) retraced Tuesday’s gains while Solana’s SOL jumped 8% higher as crypto markets rebounded on Wednesday to reverse some losses from earlier in the week.
DOGE fell 7.5% amid profit taking, data shows, to trade at 36 cents in European noon hours, paring gains after a jump from 34 cents to 38 cents on Tuesday — when it surged following the display of its token’s logo on the Elon Musk-led Department of Government Efficiency website.
The website was later updated in Asian morning hours Wednesday to show another animated image of a dog. It was updated again in the afternoon to showcase only its name and a dollar sign.
Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s BNB gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%. The broad-based CoinDesk 20 (CD20) returned 2.57%.
Hyperliquid’s HYPE token zoomed 13%, returning the most among large-cap tokens above a $5 billion capitalization. As such, traders look to Donald Trump’s executive orders and tariff decisions for cues on market positioning.
“Crypto markets have dipped as traders take profit and wait to see the potential impact of tariffs on Mexico and Canada, which could impact stock markets when the US stock market opens tomorrow,” Jeff Mei, COO at BTSE said in a Telegram message.
“However, we are optimistic that in the coming days and weeks, Trump will issue executive orders and roll back anti-crypto policies set by the Biden administration. With the recent appointment of pro-crypto Caroline Pham as CFTC Commissioner, we’re already seeing positive signals,” Mei added.
Traders such as FxPro’s Alex Kuptsikevich mirrored the thoughts in an email to CoinDesk.
“The market’s rapid recovery is indicative of continued interest in risk assets. Bitcoin traded near the $105K mark. It was quickly bought back on Tuesday when it fell to $101K, but when it reached the $107K level early Wednesday afternoon, the market shifted to sellers. Clearly, optimism is high in the market, but an additional factor is needed for new momentum,” Kuptsikevich said.
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