The executive order would instruct regulatory agencies to work with the industry and create a crypto council to represent the industry, according to people familiar with the plans. Source: https://cointelegraph.com/news/trump-executive-order-crypto-national-priority-bloomberg?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: January 2025
Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express
Marketplace for cyber-scammers launches its own stablecoin, Sony L2 collides with reality, Lazarus stole $650M crypto in 2024. Asia Express. Source: https://cointelegraph.com/magazine/illicit-marketplace-stablecoin-sony-memecoin-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Phantom crypto wallet raises $150M in Series C at $3B valuation
Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform. Source: https://cointelegraph.com/news/phantom-raises-150-million-3-billion-valuation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
AI Agents Are Coming to Bitcoin via Merlin Chain and ElizaOS Integration
The integration of ElizaOS into Merlin Chain will allow the deployment of AI agents with the ability to facilitate cross-chain activities. Merlin Chain Partners With ElizaOS to Bring AI Agents to Bitcoin Merlin Chain, the bitcoin layer 2 network has announced a strategic integration with ElizaOS, an AI agent project. By working together, developers can […] Source: https://news.bitcoin.com/ai-agents-are-coming-to-bitcoin-via-merlin-chain-and-eliza-os-integration/
I Joined China’s TikTok Alternative RedNote And Lived To Regret It
When Congress passed the TikTok ban, I figured I’d check out Xiaohongshu, aka RedNote, China’s answer to the social media app that’s suddenly flooded with protesting American “Tiktok refugees.” The first few hours scrolling through the app felt like stumbling into a cozy corner of the Internet. The interface was mostly in Mandarin, but the content spoke a universal language:…
Bitcoin Bound for $175,000: Fundstrat Exec Forecasts Unprecedented Climb
In a recent conversation with Fundstrat’s head of digital asset strategy, Sean Farrell, it was posited that bitcoin could climb to $175,000 within the year. This statement came shortly after the firm’s co-founder, Tom Lee, asserted on CNBC that bitcoin is poised to be the top-performing asset of the year. Farrell’s Forecast: Bitcoin to Breach […] Source: https://news.bitcoin.com/bitcoin-bound-for-175000-fundstrat-exec-forecasts-unprecedented-climb/
Ripple’s XRP Holdings Have Gained $125 Billion in Value Since Trump’s Election
Ripple’s total holdings of XRP have exploded in value by some $125 billion since election day. That remarkable statistic underscores the degree to which American crypto firms have benefited from Donald Trump’s re-election—and offers one explanation as to why they have so enthusiastically thrown their support behind the president-elect’s incoming administration. According to Ripple’s most recent financial disclosures, the company…
Bitcoin Beat ‘Every Asset Class’ in 2024 as Correlations Fell in Q4: NYDIG
Bitcoin gained more than “every asset class” over the course of 2024, according to a new report, undoing correlation with equities, gold, and the U.S. dollar in the fourth quarter thanks to a late-year price surge. Research released by New York Digital Investment Group shows that in Q4 2024, Bitcoin broke away from major assets following the election of Donald…
Record Breaking $11.3 Trillion High for Spot and Derivatives Trading on Centralized Crypto Exchanges
The total trade activity on centralized exchanges reached an all-time high of $11.3 trillion, up 7.58%, according to the report by CCData. Record Numbers for Spot and Derivatives Trading The overall spot and derivative trading volume for centralized crypto exchanges (cexes) hit a record high of $11.3 trillion in Dec. 2024. According to market data […] Source: https://news.bitcoin.com/record-breaking-11-3-trillion-high-for-spot-and-derivatives-trading-on-centralized-crypto-exchanges/
Canada’s Goodfood Takes a Stand Against Inflation: Bitcoin Becomes Its Treasury Shield
A publicly traded company on the Toronto Stock Exchange (TSX), Goodfood Market Corp., has announced plans to adopt a bitcoin treasury strategy. The initiative aims to “strengthen its balance sheet and create long term shareholder value.” Canada’s Leading Online Grocer Goodfood Adds Bitcoin to Its Plate in Bold Treasury Strategy The Montreal-based Canadian online grocery […] Source: https://news.bitcoin.com/canadas-goodfood-takes-a-stand-against-inflation-bitcoin-becomes-its-treasury-shield/