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  • Aerodrome Finance locks 609K AERO tokens in strategic buyback

    Aerodrome Finance locks 609K AERO tokens in strategic buyback

    Aerodrome Finance locks 609K AERO tokens in a strategic buyback

    • The project confirmed acquiring and locking 609,000 tokens today.
    • Its total buyback for November surpasses 3 million AERO.
    • The altcoin’s performance mirrors broader market downsides.

    While uncertainty engulfed the overall crypto landscape, Aerodrome Finance has showcased its dedication to supporting and strengthening its native AERO.

    The project has taken it to X to announce a significant buyback of 609,000 AERO tokens.

    Meanwhile, this repurchase is part of Aerodrome’s programmatic strategy to react to fluctuating market conditions without compromising the altcoin’s tokenomics.

    Aerodrome has completed buybacks of more than 3 million AERO this month, reflecting the team’s commitment to boosting investor confidence and token stability. The official X post read:

    The Aerodrome Public Goods Fund has acquired and locked 609K AERO as part of its programmatic market-aware buyback, bringing total buybacks this month to 3M+.

    Notably, the project’s Public Goods Fund oversees AERO’s buybacks and has been monitoring the alt’s performance while strategically accumulating and locking native assets to reduce supply and potentially boost demand.

    Such an approach remains crucial to stabilize price actions and ensure investor confidence as digital assets see increased fluctuations.

    Inside Aerodrome’s buybacks, so far

    The latest purchase brings total buybacks for November to over 3 million AERO coins, reflecting a significant step toward strengthening the asset’s market status.

    Moreover, the Public Goods Fund has accumulated and locked over 150 million tokens since its debut, leveraging initiatives like Relay programs, Flight School, and the PGF itself.

    These programs aim to reduce supply pressure on AERO while rewarding loyal holders.

    The predictable supply reduction guarantees a resilient ecosystem even during heightened volatility.

    Market players often interpret such buybacks as an indicator of the team’s confidence in the project.

    Aerodrome hits fresh volume milestone

    The project followed the buyback announcement with another post reflecting impressive user activity.

    Notably, Aerodrome has topped $200 billion in trading volume this year – an approximately three-times increase year-to-date.

    Such a volume demonstrates Aerodrome’s rapid growth and increasing influence in the blockchain sector.

    With strategic buybacks and ecosystem initiatives, Aerodrome is establishing itself as a serious player within the DeFi space.

    Understanding Aerodrome Finance

    Aerodrome Finance is a decentralized exchange and automated market maker (AMM) that serves as the primary liquidity on Coinbase’s Base project.

    It facilitates streamlined token swaps by ensuring adequate liquidity.

    AERO price outlook

    Native AERO saw a brief rebound following the latest updates.

    The cryptocurrency is trading at $0.7070, with a slight 1.47% uptick on the daily chart.

    The surging trading volume reflects revived interest in the AMM.

    Nevertheless, AERO has underperformed in recent sessions as sellers dominated the crypto landscape.

    It lost nearly 25% of its value in the last 30 days.

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  • Aerodrome price surges 10% after Animoca Brands announces strategic investment

    Aerodrome price surges 10% after Animoca Brands announces strategic investment

    Aerodrome Finance Price

    • Aerodrome Finance price eyes breakout above $1.
    • This comes after Animoca Brands announced it market-acquired and staked AERO tokens.
    • Market sentiment and the institutional confidence may propel Aerodrome Finance price to $1.34.

    Aerodrome Finance (AERO) price is up amid bullish momentum.

    The token gained as web3 and gaming investor Animoca Brands makes a strategic investment, a move that helped AERO price extend 24-hours to over 10% and briefly surpass the $1 mark.

    The Animoca Brands’ backing of Aerodrome Finance adds to the growing institutional interest in the decentralized exchange project on Base.

    Animoca Brands acquires, stakes AERO

    Animoca Brands announced its acquisition of AERO tokens on October 28, noting it made purchases on the open market. The company then staked all of these tokens for veAERO, demonstrating long-term commitment to Aerodrome Finance.

    Buying and staking AERO aligns with Animoca’s mission to generate value in open networks and support innovative protocols.

    As noted in the post above, the company sees Aerodrome as a dominant player on Base. With more than 50% of the DEX total value locked (TVL) on the blockchain, Aerodrome has become the central liquidity hub for the ecosystem.

    “Aerodrome is a key component in the engine behind Base’s DeFi growth and Coinbase is making it seamless for its CEX users to trade tokens which have liquidity on DEXs such as Aerodrome thus driving more value to Aerodrome voters. With sustainable tokenomics for $AERO and the team’s ability to execute, Aerodrome has proven its standing as a key player in Base infrastructure,” Animoca Brands posted on X.

    The investment follows a pattern of institutional backing for Aerodrome, including previous acquisitions by entities like Coinbase Ventures and Wintermute Ventures.

    Alexander Cutler, CEO of Dromos Labs and a core contributor to Aerodrome, lauded Animoca’s move. He noted that AERO’s value is accessible only through open market participation and active involvement.

    Price outlook: AERO bulls eye breakout above $1

    At the time of writing, AERO is up nearly 2% on the day and has extended the uptick to 10% in the past 24 hours.

    Over the past week, AERO has climbed 26%. This sees it outperform the broader market gains and form an uptrend since touching lows of $0.70 on Oct. 17.

    Currently, price hovers in a key range near $0.99 as bulls aim for a decisive breakout above the $1 psychological level.

    AERO price chart by TradingView

    If AERO strengthens above $1, it would allow bulls to target the next hurdles around $1.2 and then $1.34.

    The RSI at 70 on the 4-hour chart nonetheless suggests gains will firmly push AERO into the overbought zone. However, the MACD points to strength for buyers as the signal line cuts above the zero line, suggesting bullish momentum.

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  • Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum Price

    • Ethereum price is at $3,640 amid some profit-taking deals.
    • Despite some whales selling, institutional interest remains high and demand is absorbing the dump.
    • Analysts say the ETH bull market remains intact.

    Ethereum has retreated slightly from its highs of $3,856 as it dips nearly 4% in the past 24 hours amid some profit-taking moves.

    But while the top altcoin changes hands at $3,640 at the time of writing, analysts maintain Ethereum is on a bullish course and that ETH still has room to explode.

    ETH sees strategic profit taking

    The $4,000 mark remains elusive for Ethereum in 2025, with the highs of $3,856 marking a key peak since the declines from $4,000 in December 2024.

    It means Ethereum price has lagged as Bitcoin climbed to multiple new highs.

    Selling pressure at current levels alludes to likely struggles in the short term, analysts at Glassnode have noted.

    The outlook is down to the Cost Basis Distribution Heatmap of Ethereum, which Glassnode analysts say shows buyers are cashing out gains.

    This strategic profit-taking is calculated towards securing profits after ETH posted strong upward moves these past weeks.

    Sellers have included whales. Lookonchain shared on X that one whale has sold 8,000 ETH for over $30 million.

    Ethereum price forecast: here’s why bull case remains intact

    Despite the profit-taking, Glassnode highlights a fascinating scenario with equilibrium emerging.

    Notably, data shows new demand is steadily absorbing the supply hitting the market, with selling pressure yet to overwhelm buyer interest.

    It’s a resilient market structure for ETH that suggests pullback action is likely to dissipate as bulls take control.

    While some whales sell, others have accumulated. Also, institutional holders like SharpLink Gaming have been aggressive.

    The company has acquired a massive chunk of ETH in recent weeks.

    Helping buyers is overall market sentiment that sees open interest in ETH futures soar to all-time highs. OI currently sits around $58 billion per Coinglass, which indicates interest is elevated.

    Ethereum is also sporting gains amid staking explosion, spot ETF inflows and regulatory developments. The ETH spot ETF inflows for Ethereum reached 588,000 ETH last week – higher than recent peak.

    Traders will eye potential corrections for buy opportunities, with consolidation in the near term allowing for a retest of key supply zone areas.

    On the flipside, sellers may be encouraged by weakening on-balance volume and extended cashing out.

    The $3,500 remains important and robust support may be around $3,000.

    Yet, the RSI on the daily chart is not overextended as it hovers just below the overbought territory.

    The MACD also still boasts a bullish case scenario. The $4,000 threshold is therefore one to watch.
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  • Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan to create strategic Bitcoin reserve, earmarks 2000MW for crypto mining

    Pakistan is set to embark on a significant foray into the cryptocurrency landscape, with the government announcing plans to establish a strategic Bitcoin (BTC) reserve and allocate substantial energy resources to support Bitcoin mining operations.

    The announcement, delivered by Minister of State for Blockchain and Crypto Bilal Bin Saqib at the Bitcoin 2025 conference in Las Vegas on Wednesday, signals a bold new direction for the nation’s digital asset policy.

    Minister Bin Saqib revealed that Pakistan’s initiative to create a strategic Bitcoin reserve draws inspiration from similar nascent plans within US President Donald Trump’s administration.

    The US strategy reportedly involves populating its reserve, at least initially, with Bitcoin holdings seized from criminal and civil forfeitures, estimated to be around 200,000 BTC.

    He also noted that the Pakistani government is closely monitoring the US’s legislative efforts concerning stablecoins, specifically the ‘Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act,’ stating they are following it “very carefully.”

    Emphasizing a long-term commitment, Bin Saqib assured that, much like the bitcoins earmarked for the U.S. strategic reserve, Pakistan does not intend to liquidate its holdings.

    “This wallet, the national bitcoin wallet, is not for speculation or hype,” Bin Saqib declared.

    “We will be holding these bitcoins and we will never, ever sell them.”

    This HODL (Hold On for Dear Life) approach underscores a belief in Bitcoin’s enduring value and its potential as a national asset.

    Powering the future: energy allocation for mining and AI

    Beyond the strategic reserve, Pakistan is taking concrete steps to foster a domestic Bitcoin mining industry.

    Minister Bin Saqib announced that the government has earmarked a substantial 2,000 megawatts of electricity specifically for Bitcoin mining operations and AI data centers.

    This significant energy allocation is a clear invitation to global players in the crypto mining and infrastructure sectors.

    “We want to welcome all miners to come to Pakistan, all the infrastructure players to come to Pakistan and build with us,” Bin Saqib proclaimed, signaling an open-door policy aimed at attracting international investment and expertise to develop the country’s digital infrastructure.

    ‘Just the beginning’: a broader vision for crypto adoption

    According to Minister Bin Saqib, the establishment of a Bitcoin strategic reserve and the support for mining are merely the initial steps in Pakistan’s broader embrace of the cryptocurrency industry.

    He highlighted the transformative potential of digital assets for the nation’s large unbanked population.

    “We have over 100 million unbanked people. They lack tools for saving, for investment, and we want to change that. We want them to break their economic classes,” Bin Saqib explained.

    “And I really believe that crypto and blockchain can help us take that quantum leap.”

    He further articulated a vision that includes tokenizing illiquid national assets and implementing digital identification systems.

    “So Pakistan is looking for allies. Pakistan is looking for access, because Pakistan wants to build,” he concluded, emphasizing a collaborative approach to achieving these ambitious goals.

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  • Oklahoma introduces strategic Bitcoin reserve act

    Oklahoma introduces strategic Bitcoin reserve act

    • Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
    • State savings accounts and pension funds will have the nod to invest in BTC if the bill passes.

    Oklahoma is the latest US state to eye a strategic Bitcoin reserve after Rep. Cody Maynard officially introduced a ‘Strategic Bitcoin Reserve Act.’

    On Wednesday, January 15, 2025, Rep. Cody Maynard, announced the introduction of the groundbreaking proposal that could see Oklahoma embrace sound money with addition of BTC to state’s strategic reserve.

    “Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. “As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”

    Sixth US state with a BTC reserve proposal

    The announcement follows similar initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states are now actively looking at bills aimed at incorporating BTC into their financial systems.

     “This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Maynard continued. “By diversifying our state’s savings and pension funds into digital assets, we are not only securing a stronger financial future for our state but also demonstrating Oklahoma’s leadership in adopting innovative fiscal policies.”

    President Donald Trump supports the idea of a US bitcoin reserve, a move that has legislators optimistic the new administration will make America the hub of crypto and BTC. US Senator Cynthia Lummis recently introduced the Bitcoin Act, which seeks to have the US government add BTC to its strategic reserve.

    Oklahoma’s new bill seeks to have the state’s savings accounts and pension funds invest in Bitcoin.

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