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Bitcoin Faces Triple Resistance As Price Rejection Persists

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China's Murad: The Community Leader Who Brought ACT to Binance

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Author: TechFlow Translation: WuBlockchain When Binance suddenly announced it would list ACT, one name you might have heard repeatedly in the buzz was “Wizard.” People thank Wizard, saying he saved ACT. Wizard himself calls it a victory for the community. It’s a Hollywood-style story of the common folk taking on the dragon: The developers sold all their tokens, causing a 50% drop that nearly destroyed the project. But Wizard and other community members rebuilt from the rubble, even as the token dropped 80% three times. The community held strong while market makers noted they’d never seen a project so “poor” until Binance stepped in as the white knight, and ACT skyrocketed. In Wizard’s view, ACT, along with AI meme coins like GOAT, represents an AI renaissance. He believes that in the future, AI will not just be simple assistants but autonomous beings with controlled freedom in certain contexts. Today, Wizard seems to have become the “Murad” of the Chinese crypto community. But greatnes...

Crypto industry gets ready for bull run with $100,000 bitcoin predicted in 2024

Crypto industry executives have announced the start of a new bull run, with more voices calling for new all-time highs for Bitcoin (BTC) in 2024 above $100,000. Speaking to CNBC, Pascal Gauthier, CEO of Ledger, noted that 2023 was a year of preparation for the growth ahead. He said the sentiment for 2024 and 2025 is “very encouraging.” “I think that once you get the speculative phase out of the way, which I think we’re almost done with, probably not yet completely done, then you can get real builders focusing on the technology and the problems that can be solved in the world, rather than just having a giant digital casino for people to trade.” David Marcus, CEO of Lightspark Now that those issues have been resolved, investors are focusing on what the industry sees as positive developments. First is the growing excitement that a Bitcoin exchange-traded fund (ETF) may soon be approved. This could attract larger traditional investors who have previously been reluctant to touc...