Trading Suspended for AI16Z Futures

According to Coinbase’s statement, AI16Z futures contracts will be disabled for trading starting from the specified date. During this period, users will not be able to open new positions and will only be able to manage their existing positions within the framework of closing procedures. The suspension is considered a key operational decision taken after reassessing the product’s market conditions, liquidity status, and performance on the platform.

The simultaneous suspension of AI16Z-PERP contracts indicates that Coinbase is following a clear strategy to halt all perpetual futures activity related to this product. This move is viewed as part of the platform’s broader effort to optimize its product portfolio and focus on more stable trading pairs.

Importance of the Decision for the Market

The suspension of futures trading brings a critical transition period for users trading these contracts. Investors will need to review their existing positions, adjust their risk levels, and plan their potential closing actions. As the suspension date approaches, effects such as reduced market volume, increased price volatility, or intensified position-closure activity may occur. Such suspension decisions represent an important turning point, particularly for futures traders, in terms of risk management and strategic adjustment.

Coinbase Reshapes Its AI16Z Product Line

Coinbase’s decision to suspend AI16Z futures shows that the platform is undergoing substantial restructuring in its long-term product strategy. This process, in which the company begins removing products with low trading volume or those misaligned with broader platform goals, aligns with its policy of focusing on more stable and high-demand contracts.

Users are advised to manage their existing positions carefully until the suspension date, remain prepared for potential price fluctuations during the closing phase, and consider possible liquidity changes in the market. In particular, futures traders are urged to update their strategies as the date approaches, in anticipation of declining platform volume and possible widening spreads.

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Expanding Perpetual Trading on Coinbase

According to the latest statement from Coinbase, the CAKE-PERP, BRETT-PERP, and AI16Z-PERP pairs will be listed on Coinbase International Exchange and Coinbase Advanced. Trading will begin on or after March 6, 2025, at 9:30 AM UTC.

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This move aligns with Coinbase’s strategy to strengthen its presence in the crypto derivatives market. Perpetual futures trading allows traders to take advantage of market fluctuations with leveraged positions, increasing potential profitability.

By launching these new trading pairs, Coinbase aims to provide its users with more opportunities and solidify its position in the evolving crypto derivatives landscape.

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Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 1.31% in the last 24 hours and is currently trading at $92,955. Bitcoin (BTC) is priced slightly below the previously mentioned support at $93,138. A close below this level could push BTC down to $92,503. On the upside, BTC needs to close above the $94,703 resistance level to initiate a recovery.

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Ethereum (ETH): The ETH/USDT pair has dropped 2.17% over the last 24 hours and is now trading at $3,167. For Ethereum (ETH), resistance levels are seen at $3,217 and $3,290, while support levels stand at $3,091 and $2,994.

The Sandbox (SAND): The SAND/USDT pair has decreased by 8.44% in the past 24 hours and is currently trading at $0.5417. Resistance levels for SAND are at $0.6425 and $0.6913, while support levels are at $0.5450 and, in the case of further declines, $0.4719.

Uniswap (UNI): The UNI/USDT pair has fallen 5.33% in the last 24 hours and is trading at $12.92. UNI has resistance levels at $14.02 and $15.68, with support levels at $12.40 and $11.24 in case of further losses.

Pepe (PEPE): The PEPE/USDT pair is down 4.86% in the past 24 hours and is now priced at $0.0000167. Resistance levels for PEPE are located at $0.00001851 and $0.00001973, while support is at $0.00001664 and, in the case of further dips, $0.00001441.

Trending Coins

In the last 24 hours, the most trending coins in the market include ANDY (ANDY), Butthole Coin (BUTTHOLE), and ai16z (AI16Z).

Top gainers are Ontology (ONT), INSURANCE (INSURANCE), and Peanut the Squirrel (PNUT).

Meanwhile, the biggest losers are PAAL AI (PAAL), Freysa AI (FAI), and Theta Fuel (TFUEL).

Bitcoin Liquidation Map

The 12-hour Bitcoin liquidation map shows a major liquidation area at $95,024, amounting to $35.81 million. On the downside, a notable liquidation zone at $92,751 is worth $31.46 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 13 January appeared first on Coin Engineer.

Current Products

Grayscale’s product family currently includes the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Cardano (ADA), Polkadot (DOT), Solana (SOL), XRP (XRP), Uniswap (UNI), Chainlink (LINK), Filecoin (FIL), Decentraland (MANA), Dogecoin (DOGE), and many more.

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Potential Future Products

Grayscale has also identified cryptocurrencies being reviewed for potential inclusion in its product lineup. These include Kaspa (KAS), Sui (SUI), Aptos (APT), Arbitrum (ARB), Toncoin (TON), Bittensor (TAO), Render (RENDER), Worldcoin (WLD), Immutable (IMX), ai16z (AI16Z), and other prominent projects.

Grayscale’s Crypto Categories

Grayscale organizes crypto assets into the following categories:

• Currencies: Bitcoin, Litecoin, Stellar Lumens.
• Smart Contract Platforms: Ethereum, Solana, Avalanche, Near Protocol.
• Financial Services: Aave, MakerDAO, THORChain.
• Consumer & Culture: Decentraland, Dogecoin, ai16z.
• Utilities & Services: Chainlink, Render, Filecoin, Worldcoin.

Grayscale aims to update its lists within 15 days of the end of each quarter but notes that intra-quarter changes may also occur.

Creating a Grayscale investment product is a complex process involving various factors. Not every asset on the list may become part of the product family, and some assets may join without appearing on the list beforehand.

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In a period where Bitcoin is targeting the $100,000 mark and there is significant volatility in altcoins, this trader has achieved impressive gains.

By investing early in AI-focused altcoins, the trader has accumulated a total of $17.6 million in profit. According to data from blockchain tracking platform Lookonchain, here are the altcoins the trader invested in and their earnings:

• $5.1 million from GOAT coin,
• $4.5 million from ai16z coin,
• $4 million from Fartcoin,
• $4 million from ARC coin.

Preferring to invest when market capitalization is low, this trader has made significant gains from early investments. Recently, he invested $62,000 in the GOAT coin when its market cap was only $2 million.

Now with GOAT’s market cap surpassing $520 million, the trader has earned over $5 million in profit and realized it by selling all his tokens.

Additionally, the trader invested in ai16z, which had a market cap of $22 million at the time, and still holds $2.9 million worth of tokens. ai16z’s market cap is now close to $2 billion.

After Fartcoin saw a more than 500% increase over the last month, the trader, who invested when its market cap was $7 million, is now over $4 million in profit. However, he still holds $3.5 million worth of tokens, expecting further increases.

The trader also invested in ARC, which had a market cap of $15 million at the time. With the market cap now at $344 million, he only sold $210,000 worth of tokens and continues to hold most of his profits.

Today, the trader made 5 more new altcoin purchases, adding Create, Pippin, SANDY, MOLE, and FORGE coins to his portfolio.

These purchases created significant buzz on social media, leading to substantial increases in token prices:

• Create: +240%,
• SANDY: +80%,
• FORGE: +60%,
• Pippin: +30%,
• MOLE: +45%.

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The post Early Investment in These 4 Altcoins Earns Trader $17.6 Million! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has gained 1.54% in the last 24 hours and is currently trading at $99,168. Bitcoin (BTC) has rebounded from the previously mentioned $97,362 support level and continues to rise. If the uptrend persists, the next resistance level is at $99,304. Support levels are located at $97,362 and $94,703, respectively.

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Ethereum (ETH): The ETH/USDT pair has increased by 1.11% in the last 24 hours and is now trading at $3,652. For ETH, the resistance levels are at $3,653 first, followed by $3,750. Support levels are found at $3,535 and $3,440.

Arbitrum (ARB): The ARB/USDT pair has surged by 6.26% in the last 24 hours and is currently trading at $0.95. Resistance levels for ARB are at $0.95, with the next at $1.01. Support zones are identified at $0.88, with a deeper drop potentially testing $0.845.

Sei (SEI): The SEI/USDT pair has risen 0.51% in the last 24 hours, trading at $0.46. For SEI, resistance levels are at $0.48 and $0.51, while support zones are located at $0.448 and $0.41, respectively.

Lido DAO (LDO): The LDO/USDT pair has gained 0.76% in the last 24 hours and is trading at $2.05. Resistance levels for LDO are $2.09, followed by $2.17, while support zones are at $2 and $1.94 for deeper pullbacks.

Trending Coins

In the last 24 hours, trending coins in the crypto market include PHNIX (PHNIX), Vector Smart Gas (VSG), and ai16z (AI16Z). The top gainers are Osmosis (OSMO) and Freysa AI (FAI), while the biggest losers are Sonic (S), ACT I The AI Prophecy (ACT), and AI Rig Complex (ARC).

Bitcoin Liquidation Map

Analyzing Bitcoin’s 12-hour liquidation map, a notable liquidation zone is seen at $100,758 with $77.80 million, while on the downside, $98,168 holds a liquidation level of $51.84 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 6 January appeared first on Coin Engineer.

Starting from 2025-01-02:

• 13:30 (UTC): GRIFFAINUSDT
• 13:45 (UTC): AI16ZUSDT
• 14:00 (UTC): ZEREBROUSDT

These contracts will be traded in USDT, available for trading 24/7, with a maximum funding rate of +2.00% / -2.00%. Funding fees will be settled every four hours.

Funding rates can be adjusted based on market conditions. Binance may also modify the leverage ratio, initial margin, and maintenance margin as required by market conditions.

Multi-Assets Mode allows users to use other assets, such as BTC, as collateral while trading. This feature is applicable to GRIFFAIN, AI16Z, and ZEREBRO contracts.

Binance clarified that listings on Futures are not correlated with Spot listings. A token listed on Binance Futures does not guarantee its listing on Binance Spot.

With this announcement, Binance aims to enhance trading diversity in the crypto ecosystem. GRIFFAIN, AI16Z, and ZEREBRO bring new opportunities for users to explore.

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AI16Z is a meme coin developed on the Solana network. Its name combines the words “AI16Z” and “Eliza,” inspired by one of the earliest artificial intelligence chatbots from the 1960s, Eliza.

AI16Z is designed as an AI chatbot, intended for use on social media platforms such as X (formerly Twitter) and Discord. This AI agent can create artificial copies of both real people and fictional characters.

AI16Z’s Applications:

• AI-Based Chatbots: Offers customized AI chat experiences based on real or fictional personalities.
• Memecoin Community: Actively participates in community-driven projects and humorous content.
• Memefund and DAOs: Facilitates the creation of Solana-based funds that allow users to invest in popular memecoins and trending projects.

History and Success of AI16Z

AI16Z was launched on November 16, 2024, by an anonymous developer group through the vvaifu.fun platform. The project came to fruition after Shaw, the founder of the Eliza AI platform, expressed openness to the community creating a token based on Eliza.

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As of December 31, 2024, the AI16Z token’s market capitalization has surpassed $2 billion. The token price has increased by more than 40% in the past 24 hours. This rapid rise indicates the project is gaining significant momentum and attracting the attention of the crypto community.

Eliza and AI16Z Partnerships

• AICombinator Program: On November 18, 2024, AI16Z and Ryze Labs launched a $5 million fund to support AI projects. This fund aims to provide early access to innovative features within the Eliza ecosystem.
• New Developer Tools: The AI16Z ecosystem is opening doors for other projects, providing features tailored to memecoin initiatives.

AI16Z has started a new trend by combining both artificial intelligence and blockchain ecosystems. With Eliza becoming a strong part of meme culture, it brings together community power and technology to carve out a significant space in the crypto world.

If you want to be part of the intersection between AI and blockchain projects, AI16Z could be the right option for you. However, always remember to conduct thorough research before making any investment decisions.

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The post What is ai16z (AI16Z)? appeared first on Coin Engineer.

The Announced Projects

• KOMA,
• CHEEMS,
• APX,
• AI16Z,
• AIXBT

A total of 5 projects have been announced.

What Is Binance Alpha?

Binance has launched Alpha, a platform that introduces a pre-listing pool to increase trust in cryptocurrency exchange listings.

As the leading blockchain ecosystem behind the world’s largest cryptocurrency exchange, Binance has developed an integrated platform within Binance Wallet (formerly known as Binance Web3 Wallet) to enable users to discover early-stage projects and explore opportunities.

The project stands out as a tool specifically designed to highlight token projects that may be considered for future listings on Binance Exchange.

Winson Liu, Global Lead of Binance Wallet:

“Binance Alpha serves as a pre-listing token selection pool to enhance trust in the token evaluation process for Binance Exchange listings.”

“Binance Alpha strengthens community trust by publicly showcasing a curated collection of early-stage projects, allowing users to gain insights into tokens with future growth potential within the Binance ecosystem,” he said.

Tokens featured on Binance Alpha are selected using Binance’s industry expertise and advanced insights, with a focus on projects that demonstrate strong community interest, growing traction, and alignment with key trends shaping the crypto ecosystem.

Binance Alpha also aims to provide users with valuable insights into the Web3 space, helping them gain a deeper understanding of the potential to shape the future of blockchain technology.

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