Crypto Market Update: Record Gains, CEO Concerns, New DEX, and Exchange Refunds
The cryptocurrency market experienced a flurry of activity today, showcasing both impressive gains and significant developments regarding various platforms and entities. From record-breaking profits to exchange closures and refunds, the 24-hour period witnessed a whirlwind of events.
From $90 to $3.25 Million in 2 Days!
A remarkable trading success story emerged on the Solana blockchain. A trader reportedly converted a mere $90 into a substantial $3.25 million profit in just two days. This highlights the volatility and potential rewards within the cryptocurrency market, but also serves as a cautionary reminder of the risks involved. (Source: https://watcher.guru/news/from-90-to-3-25m-in-just-2-days-crypto-trader-racks-up-3-5m-gain)
OpenAI CEO’s Concerns Amid Musk Feud
OpenAI CEO Sam Altman’s concerns about a potential threat related to the Trump Administration, given Elon Musk’s involvement, were highlighted during a recent interview. Altman expressed his anxieties about the ongoing dispute with Elon Musk and his disappointment with the Biden administration. (Source: https://www.cryptopolitan.com/could-the-trump-govt-end-of-sam-altman-musk/)
TonDex Launches DEX on TON Blockchain
TonDex, a new decentralized exchange (DEX), is making its debut on the TON Blockchain. Aimed at a global user base (with over 5 million Telegram users), TonDex offers advanced trading tools, fast performance, and a user-centric design. (Source: https://www.cryptoglobe.com/latest/2024/12/tondex-launching-dex-on-the-ton-blockchain-for-over-5-million-telegram-users/)
Cryptopia Returns $225 Million to Users
The bankrupt New Zealand-based crypto exchange, Cryptopia, has begun returning approximately $225 million worth of cryptocurrency to its account holders. This significant step marks the first phase of the distribution plan following its 2020 bankruptcy. (Source: https://crypto.news/new-zealands-cryptopia-pays-back-225m-to-account-holders-after-liquidation/)
DuckChain Secures Funding and Partners
DuckChain announced strategic partnerships and secured $5 million in financing. They’re also hosting the Yellow Duck Mission hackathon. The venture has attracted notable investors and aims to advance the development of decentralized applications. (Source: https://crypto.news/duckchain-announces-strategic-partnerships/)
