- Phoenix Group Continues Expansion Plans in the US With 50MW Crypto Mining Facility
- Bitcoin Spot ETFs Surge by $245M, Ethereum Faces $38M Outflow
- Dogen Crypto More Popular Than ADA Now
- Shiba Inu's TREAT Token Launch Scheduled for January 14, 2025
- Bitgert Price Dip, Exchange Upgrades, and Bullish Predictions
Phoenix Group Continues Expansion Plans in the US With 50MW Crypto Mining Facility
Major listed Bitcoin miner, Phoenix Group on the Abu Dhabi Securities Exchange, has launched a new 50MW cryptocurrency mining facility in North Dakota, more than doubling its global capacity to over 2.7 exahashes. In its expansion strategy, CEO Reza Nedjatian pointed to the US as key. In August 2024, the company collaborated with Tether to issue a UAE dirham-pegged stablecoin. Crypto mining is similar to precious metal mining in that rewards are earned in the form of solving blockchain puzzles while enhancing the security of the blockchain through decentralized validation.
Bitcoin Spot ETFs Surge by $245M, Ethereum Faces $38M Outflow
From December 30 to January 3, Bitcoin spot ETFs experienced a net inflow of $245M, with Fidelity’s FBTC at $275M, taking their overall amount to $12.11B. ARKB followed with $202M, bringing its total to $2.69B. On the flip side, Ethereum spot ETFs experienced a $38.19M net outflow, with the main loss coming from Bitwise ETHW at $56.11M. Bitcoin spot ETFs now hold $111.46B, accounting for 5.72% of the Bitcoin market cap, and have seen cumulative inflows of $35.91B.
Dogen Crypto More Popular Than ADA Now
Attention is shifting towards DOGEN, an emerging meme-based coin with high cultural acceptability and promising utility. DOGEN is expected to deliver real returns of around 50,000% by 2025. Cardano’s ADA technology is still more sophisticated and scale-specific, yet DOGEN has gained popularity due to changing public sentiment and trends. Similar to Dogecoin and Shiba Inu, DOGEN has seen explosive development, positioning itself as a competitor with strong growth potential.
Shiba Inu’s TREAT Token Launch Scheduled for January 14, 2025
The highly anticipated TREAT token from Shiba Inu is set to launch on January 14, 2025, creating significant hype in the crypto space. Lucie, the marketing lead, has generated buzz around the SHIB ecosystem and its price prospects. However, Shytoshi Kusama has issued a word of caution, advising people not to fall for scams while trading. SHIB Futures Open Interest has already increased by 3%, signaling growing investor confidence despite market fluctuations. The recent launch of “SHIB: The Metaverse” further strengthens Shiba Inu’s evolving position in the crypto world.
Bitgert Price Dip, Exchange Upgrades, and Bullish Predictions
Bitgert ($BRISE), originally launched on the BNB Chain, has transitioned to its own blockchain, known for ultra-fast and low-cost transactions. Currently priced at $0.0000001237, Bitgert has a market cap of $48.87M, with 24-hour trading volume rising by 25.06% to $53.6M. Analysts predict $BRISE could reach $0.0000004000 by 2025, following the introduction of Lite and Advanced Modes on the Bitgert Exchange. Growth is attributed to market sentiment, ecosystem innovation, and changing regulations. Some analysts even expect a bull run, making $BRISE a token to watch.
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