One Ethereum (ETH-USD) trader has pocketed nearly $16 million by betting on Ether’s price drop, according to Hypurrscan. The trader opened a 50x le...
TipRanks
You can visit the page to read the article.
Source: TipRanks
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending
THORChain`s members passed “Proposal6” to convert nearly $200 million of unserviceable debt into equity via a new token, TCY (Thorchain Yield), with a total supply of 200 million tokens. This action was taken after suspending THORFi services on Jan. 23 due to financial uncertainties, as CoinDesk reported. TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders. THORChain plans to establish a RUNE/TCY liquidity pool with $500,000 starting at $0.1 per TCY, funded by $5 million from the treasury. Holders of TCY will receive 10% of THORChain`s revenue indefinitely, providing a long-term incentive and recovery mechanism for those affected by the debt crisis — although the timeline for total financial recovery remains uncertain. THORChain`s cross-chain swaps, its main service, remain unaffected. Prices of the platform’s native RUNE are down 10% in the past 24 hours alongside a broader market fall, extending 30-day losses to nearly 50%. TipRanks
XRP’s Next Parabolic Move? These 5 Solana-Friendly Cryptos Could Be Next
From Bitcoin’s Ascent to THE OFFICIALMAGACOIN’s Breakthrough THE OFFICIALMAGACOIN is capturing attention as the next big win in the crypto market, even as Bitcoin (BTC) celebrates its historic milestone of crossing $100,000. While Ethereum (ETH) continues to dominate the DeFi space and Ripple (XRP) solidifies its position in cross-border payments, THE OFFICIALMAGACOIN has proven to be the standout investment. With $1 million raised in minutes during its presale, it has cemented its position as the ultimate opportunity of 2025. Why THE OFFICIALMAGACOIN Is the Next Big Opportunity 1. Exceptional Market Demand In its presale, THE OFFICIALMAGACOIN raised over $1 million almost instantly. This level of investor enthusiasm reflects the token’s high growth potential and positions it as the next major crypto to watch. 2. Deflationary Tokenomics With a capped supply of 100 billion tokens, THE OFFICIALMAGACOIN creates scarcity that directly drives value. Its deflationary model offers early investors significant advantages, surpassing the gradual inflationary nature of tokens like APT and INJ. 3. Exclusive Availability Unlike BTC and ETH, which are traded on virtually every platform, THE OFFICIALMAGACOIN is exclusively available at OFFICIALMAGACOIN . This exclusivity creates a controlled market environment, driving demand and making it an excellent choice for early adopters. How It Compares to Other Top Cryptos Bitcoin (BTC): Bitcoin may have hit $100K, but its market is mature, making THE OFFICIALMAGACOIN a stronger choice for exponential returns. Ethereum (ETH): A leader in smart contracts, ETH offers stability, but it lacks the exclusivity and early-stage growth of THE OFFICIALMAGACOIN. Aptos (APT): Aptos focuses on scalability but hasn’t captured the same market excitement as this token. Injective Protocol (INJ): INJ excels in DeFi but cannot compete with the overwhelming momentum of THE OFFICIALMAGACOIN. Seize the Opportunity Now Bitcoin’s success paved the way for standout cryptos like THE OFFICIALMAGACOIN to dominate the market. With limited supply, overwhelming demand, and exclusive availability, it’s the ultimate choice for investors seeking the next big win. Click HERE to get EXCLUSIVES on OFFICIALMAGACOIN Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: XRP’s Next Parabolic Move? These 5 Solana-Friendly Cryptos Could Be Next TipRanks