Crypto News Updates

The father of the world’s richest man hopes to raise $200 million from a crypto project dubbed “Musk It” to fund a think tank. ‘Musk It’ Memecoin Endorsed By Elon Musk’s Father Elon Musk’s father Errol Musk has endorsed ‘Musk It,’ a Solana memecoin that Errol hopes to profit from to the tune of $200 […] from Bitcoin News https://ift.tt/fU67nzF

Cipher Mining Inc. announced a $50 million private investment in public equity (PIPE) from Softbank Group Corp., positioning the technology-focused investor as a key stakeholder in the company. Softbank Becomes Key Investor in Cipher Mining Cipher Mining’s (Nasdaq: CIFR) transaction involves Softbank purchasing approximately 10.4 million shares of Cipher’s common stock, with the funds directed […] from Bitcoin News https://ift.tt/isj7YV8

The cryptocurrency market appears primed for an extended rally as stablecoin liquidity reaches unprecedented levels, fueled by the rapid expansion of tether (USDT) and Circle’s USDC, according to an end-of-the-month analysis from blockchain analytics firm Cryptoquant. Cryptoquant Report Examines Stablecoin Growth and Market Implications Cryptoquant analysts disclosed that the total market capitalization of USD-pegged stablecoins […] from Bitcoin News https://ift.tt/KtRPZNX

The positive momentum on bitcoin ETFs continued with another day of net inflows worth $588 million, while ether ETFs bounced back with a net inflow of $67.77 million. Bitcoin and Ether ETFs Record Significant Inflows As Market Confidence Strengthens U.S. spot bitcoin exchange-traded funds (ETFs) recorded a significant net inflow of $588.22 million on Thursday, […] from Bitcoin News https://ift.tt/CycqPiH

Apollo Global Management and Securitize have launched a tokenized feeder fund enabling blockchain-based access to Apollo’s $2.4 billion Diversified Credit Fund across six blockchain networks. Apollo, Securitize Launch Tokenized Credit Fund Across Six Blockchains The Apollo Diversified Credit Securitize Fund (ACRED) will provide exposure to Apollo’s global credit strategy, which includes corporate direct lending and […] from Bitcoin News https://ift.tt/gpBv9z2

Experts warn that a bitcoin-only reserve poses concentration risks and exposes the U.S. to potential volatility. Two experts urge the U.S. administration to diversify its crypto stockpile to build a resilient digital reserve and reduce systemic risks. Ripple vs. Bitcoin Maximalists The establishment of a bitcoin-only reserve poses concentration risks and exposes the U.S. to […] from Bitcoin News https://ift.tt/h5yxVra

The market momentum for bitcoin ETFs continued after a sluggish start to the week, with Wednesday’s inflow hitting $92 million. Bitcoin ETFs Attract $92 Million in Fresh Inflows On Wednesday, Jan. 29, bitcoin exchange-traded funds (ETFs) experienced a net inflow of $92.09 million, according to data from Sosovalue. This marks a continuation of positive momentum […] from Bitcoin News https://ift.tt/aWPYrdb

Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […] from Bitcoin News https://ift.tt/deUChaX

Cryptocurrency exchange OKX says “Solana’s meteoric ascent redefined the potential of Web3,” in its 2025 “State of DEXs” report. Solana Is Surging While Ethereum Is Fighting for Relevance Says OKX When it comes to dominating volume on decentralized exchanges (DEXs), Solana is eating Ethereum’s lunch – and drinking its milkshake – at least that’s how […] from Bitcoin News https://ift.tt/Ub7tPyX

As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency’s market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume. Bitcoin While bitcoin‘s broader trend remains bullish, consolidation near $102,000 reflects caution among traders, with critical resistance at $104,000–$105,000 and immediate […] from Bitcoin News https://ift.tt/e3kYgNq

Bitwise aims to launch a dogecoin ETF, tracking DOGE’s price directly. Will the SEC approve it? The industry anticipates more crypto ETFs in 2025. Bitwise Files for Dogecoin ETF Amid Growing Crypto ETF Trend Bitwise Investment Advisers LLC has formally submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed […] from Bitcoin News https://ift.tt/SPULv2C

Arizona’s decision to explore investments in digital assets, such as bitcoin is indicative of a growing tendency in states to diversify public finances. Arizona Takes Major Leap Toward Strategic Bitcoin Reserve Arizona lawmakers have taken a significant step toward embracing bitcoin, with the state Senate Finance Committee approving the “Arizona Strategic Bitcoin Reserve Act” (SB1025) […] from Bitcoin News https://ift.tt/g15T3Rp

The smart contract platform Moonbeam has introduced Datahaven, a decentralized storage protocol for AI and Web3 applications, in collaboration with Eigenlayer. The solution targets Ethereum layer two (L2) developers, offering secure, censorship-resistant data storage. Moonbeam Launches Datahaven According to the Moonbeam development team, Datahaven’s integration with Eigenlayer’s framework and various Ethereum L2 solutions targets advancements […] from Bitcoin News https://ift.tt/5YsCxZ1

Bitcoin and ether exchange-traded funds (ETFs) started the week in the red with $457 million and $136 million in outflows. 7-Day Inflow Streak Comes to an End With Significant Outflow U.S. spot bitcoin ETFs experienced a net outflow of $457.48 million on Monday, Jan. 27, following seven consecutive days of positive inflow. Fidelity’s FBTC led […] from Bitcoin News https://ift.tt/z0M7yJX

Seven days into Donald Trump’s tenure as the 47th U.S. president, his administration has swiftly moved to dismantle a slew of regulations established under his predecessor, Joe Biden. The abrupt reversal of policies has ignited debates about the ideological pivot now shaping federal governance. Ron Paul’s Video Message to Trump Insists That the U.S. Cut […] from Bitcoin News https://ift.tt/PRAieGd

Rosseti, Russia’s electric grid operator, is exploring crypto mining to utilize electricity from power plants with low consumption. This could involve building mining centers and potentially coordinating their placement nationwide. Boosting Rosseti’s Revenues The Russian electric grid operator, Rosseti, is reportedly interested in establishing crypto mining centers powered by power plants with low utilization rates. […] from Bitcoin News https://ift.tt/zh64N5v

Deepseek, a Chinese artificial intelligence (AI) startup founded in 2023 by Liang Wenfeng, has swiftly unsettled global markets with its groundbreaking and cost-effective AI models. Its rapid ascent has rippled across U.S. equities, notably affecting Nvidia shares, and has even introduced turbulence into the cryptocurrency sector. Deepseek’s Rise: The $5.58M AI Model That Left Silicon […] from Bitcoin News https://ift.tt/N4mBifP

Five days ago, a significant number of dormant bitcoins tied to early addresses were reactivated after years of inactivity. Notably, many of these wallets trace their origins to 2017, marking an intriguing revival of funds untouched for years. Meanwhile, market analytics firm Santiment reports that bitcoin wallets containing between 100 and 1,000 BTC have climbed […] from Bitcoin News https://ift.tt/njA09Ft

Large bitcoin investors are entering a renewed phase of accumulation as political developments reshape market conditions, with onchain insights from Cryptoquant and its researchers shedding light on faltering demand amidst shifting dynamics. Report: Large Bitcoin Investors Drive Market Shift as Demand Weakens According to Cryptoquant’s analysis, significant investors have been steadily increasing their bitcoin (BTC) […] from Bitcoin News https://ift.tt/4Qbu3UM

The prosecution of Tornado Cash co-founder Roman Storm is an egregious assault on freedom, innovation, and the very foundation of individual rights. Last week, Storm voiced his thoughts on X, offering a candid glimpse into his perspective on the unfolding situation. Code Is Not a Crime: The Shocking Government Crusade Against Privacy and Freedom in […] from Bitcoin News https://ift.tt/IO7NtrT

XRP is presently priced at $3.13, commanding a market capitalization of $180 billion and a 24-hour trading volume of $2.53 billion. Its intraday price movement has fluctuated narrowly within the bounds of $3.11 and $3.14, reflecting measured activity. XRP On the one-hour chart, XRP exhibits a period of consolidation, with prices oscillating within the constrained […] from Bitcoin News https://ift.tt/v0gu9Ee

According to the latest data from cryptoslam.io, non-fungible token (NFT) sales rose by 3.88% over the previous week, reaching a total of $187.89 million. NFT Buyers Surge 59%, Propelling Ethereum to $106M as Immutable Climbs Ethereum dominated the market, contributing $106.72 million in sales—a 9.39% increase compared to last week. Bitcoin secured $25.35 million in […] from Bitcoin News https://ift.tt/Wu4ELst

A Hong Kong court successfully executed an injunction against two cryptocurrency wallets using tokenized technology. This precedent-setting move involved serving the order, which froze $2.66 million worth of tether stablecoins. Execution of Tokenized Notice Boosts Hong Kong’s Tech Appeal In what has been described as a precedent-setting move, a court injunction issued by a Hong […] from Bitcoin News https://ift.tt/Y3ZvgRN

Blackrock’s CEO believes that institutional bitcoin adoption could push BTC’s price to $700,000, highlighting its role as a hedge against currency debasement and financial instability. Larry Fink: Institutional Bitcoin Demand Could Boost Prices to $700K The CEO of Blackrock, the world’s largest asset manager, Larry Fink, shared bold predictions about bitcoin’s future value during a […] from Bitcoin News https://ift.tt/rjVwuXJ

This week, The Wall Street Journal highlighted potential tax complications for the publicly traded company Microstrategy, particularly concerning unrealized gains. According to the report, the Corporate Alternative Minimum Tax (CAMT), introduced under the Biden administration, could impose a notable financial obligation on the firm. Microstrategy’s Billion-Dollar Bitcoin Gamble Hits a Snag: CAMT Tax Law Looms, […] from Bitcoin News https://ift.tt/nL6p4Uf

XRP is currently trading at $3.12, with a market capitalization of $179 billion, a 24-hour trading volume of $3.29 billion, and an intraday price range of $3.08 to $3.14, indicating critical levels for traders to monitor. XRP XRP’s 1-hour chart reveals a consolidation phase as the crypto asset trades in a narrow range between $3.10 […] from Bitcoin News https://ift.tt/Hy9nVfi

Elon Musk and the Department of Government Efficiency (DOGE), which he leads, are reportedly exploring the use of blockchain technology to modernize federal government systems, according to a Bloomberg report. Musk-Led Government Efficiency Department Engages Blockchain Providers Bloomberg disclosed that the initiative aims to evaluate blockchain applications in areas such as federal spending transparency, building […] from Bitcoin News https://ift.tt/hXCpBiM

The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the Avalanche blockchain on Thursday. The tokens made their debut after a five-month whitelisting period where they generated a double-digit yield, according to a […] from Bitcoin News https://ift.tt/n2YOs9i

The direct demand created for U.S. debt by stablecoins could grow exponentially in 2025. Stablecoins Can Leverage U.S. Debt for Massive Growth An analysis by OKG Research predicts that stablecoins such as USDT and USDC will directly increase the demand for U.S. debt in 2025. It is anticipated that the market value of stablecoins will […] from Bitcoin News https://ift.tt/uy8ftWH

Chris Maurice, CEO of Yellow Card, believes the emergence of a crypto-friendly government in the U.S. will prompt African regulators to establish rules for the sector. African Regulators Seen Following U.S. Lead The recent emergence of a crypto-friendly government in the United States is likely to prompt regulators across Africa to establish rules for the […] from Bitcoin News https://ift.tt/cYsCJuM

Increased user interest in bitcoin during the Chinese New Year celebration could spark another significant price increase for BTC, based on historical data. Chinese New Year Could Result in a New High for Bitcoin Bitcoin has seen a considerable price increase during the Chinese Spring Festival in 11 of the previous 12 years with an […] from Bitcoin News https://ift.tt/uARpDiz

Solana’s increasing popularity has seen the blockchain outpace Ethereum with over 5 billion dex transactions and 344 million active addresses in the past three months. Solana’s Impressive Transaction Volume Underscores Its Potential to Rival Ethereum Over the past three months, Solana has eclipsed Ethereum in several key metrics, as it makes it claim to be […] from Bitcoin News https://ift.tt/jxkUa7q

President Donald Trump signed an executive order to establish the Presidential Working Group on Digital Asset Markets on Thursday, according to reporting by Fox Business, opening the door to a potential “strategic national digital asset stockpile.” David Sacks, White House A.I. and crypto czar will lead the group, which will include key figures such as […] from Bitcoin News https://ift.tt/l4PSACO

Blockchain security firm Cyvers said its systems detected multiple suspicious transactions involving Phemex’s hot wallets across several chains. Cyvers estimated that digital assets worth more than $29 million were transferred by suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ARB. In its Jan. 23 alert, the security firm noted that the suspicious […] from Bitcoin News https://ift.tt/cT256is

The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins. Joint Management of Stablecoins The Taiwanese Financial Supervisory Commission (FSC) is set to unveil a draft bill for virtual asset service providers (VASPs) in June. According to a […] from Bitcoin News https://ift.tt/Ey2QSF7

Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws. New Stablecoin Regulations on Horizon Coinbase Global CEO Brian Armstrong has said his cryptocurrency exchange would have no choice but to delist the stablecoin issued by Tether, known as USDT, […] from Bitcoin News https://ift.tt/nvF8Dsm

At the onset of Miami Blockchain Week, coinciding with the three-day WAGMI conference, Bitcoin.com News engaged in a conversation on Wednesday with Moe Levin, the event’s organizer, to glean perspectives on this year’s gathering. Levin touched on topics ranging from bitcoin crossing the $100,000 threshold to the phenomenon of meme coins, as well as the […] from Bitcoin News https://ift.tt/y2RDlE5

A federal appeals court in Texas has overturned sanctions levied against Tornado Cash, a cryptocurrency mixing platform, determining that the Treasury Department acted beyond its lawful authority. Court Rebukes Treasury Department Overreach in Tornado Cash Case On Jan. 21, 2025, the Fifth Circuit Court of Appeals delivered its ruling, responding to a lawsuit filed by […] from Bitcoin News https://ift.tt/EIilhR9

Bitcoin’s price action points to an interesting price pattern that could see BTC reach $122,000 in a few weeks. 10x Research Projects 15% Climb for Bitcoin Bitcoin may rally by 15% in the coming days, potentially reaching $122,000 in February before entering a consolidation phase. This is according to a 10x Research report authored by […] from Bitcoin News https://ift.tt/27b3YRL

The growing adoption of crypto in the U.S. can be accelerated through executive orders permitting banks to trade and hold cryptocurrency. Circle CEO Wants Executive Orders for Broader Access to Crypto Jeremy Allaire, the CEO of Circle, anticipates executive orders from President Donald Trump that will permit banks to trade crypto, provide wealthy clients with […] from Bitcoin News https://ift.tt/Jbqxpwv

Mark Cuban has ranted against meme coins following the launch of TRUMP and MELANIA, stating that they constitute a net negative for the crypto industry. Nonetheless, as it now appears legal, he noted that he could release his own meme coin to help repay the U.S. public debt. Mark Cuban Blasts New Meme Coin Trend, […] from Bitcoin News https://ift.tt/7Q9g3e2

The filing documentation lists a total of seven crypto ETFs, including funds that will hold the memecoins Bonk and Dogecoin. Trump, Dogecoin, and Bonk May Get Their Own ETFs This Year ETF provider Rex Shares and its crypto-focused sister company, Osprey Funds, have filed for seven crypto exchange-traded funds (ETFs) with the SEC, including one […] from Bitcoin News https://ift.tt/HrLlKSq

President Donald Trump has designated Commissioner Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC), heralding a pivotal shift in the leadership of the regulatory institution tasked with overseeing derivatives markets and digital assets. Caroline Pham Sworn in as CFTC Acting Chair Caroline Pham, a Republican commissioner appointed under former President […] from Bitcoin News https://ift.tt/fCdsluP

Season 3 of ‘The Machines Arena’ has arrived, bringing new heroes, enhanced maps, and thrilling tournaments. Discover why this fast-paced hero shooter is set to dominate the Web3 gaming scene in 2025. The Web3 gaming universe continues to evolve, offering more exciting opportunities for players to earn while they play. Last year, we witnessed a […] from Bitcoin News https://ift.tt/Imk9R8T

Digital asset investment vehicles attracted $2.2 billion in inflows last week, marking the most substantial weekly total this year, as highlighted in Coinshares’ latest analysis authored by James Butterfill. XRP Rockets With $31 Million Inflows Amid Crypto Boom Coinshares noted that his influx, linked to elevated investor confidence, propelled total assets under management to an […] from Bitcoin News https://ift.tt/rsVBue9

Following the debut of the official Trump token, Melania Trump, the former model and spouse of Donald Trump, has introduced her own meme coin. The launch of the cryptocurrency was unveiled through her X account, and according to data from dexscreener.com, its value has increased by over 10,000%. From First Lady to Crypto Queen? Melania […] from Bitcoin News https://ift.tt/Cv5326x

With Donald Trump stepping into the role of Commander in Chief on Monday, the newly established Republican administration faces an array of pressing challenges following the profound economic damage wrought under Joe Biden’s tenure. Can Trump Salvage America’s Economic Future? On her final day in office, Biden’s Treasury Secretary, Janet Yellen, delivered a dire admonition […] from Bitcoin News https://ift.tt/OS8lyr5

On Jan. 19, at approximately 5:30 a.m. ET, solana (SOL) achieved a record-breaking milestone, climbing to an unprecedented $293 per coin. Since the beginning of Jan., SOL has advanced over 42% in value relative to the U.S. dollar. Solana’s Rapid Rise Leaves Traders Buzzing Solana has captured significant attention lately, shattering its previous record and […] from Bitcoin News https://ift.tt/jD0ELgv

According to recent data, Michael Saylor’s Microstrategy holds an impressive 450,000 BTC, with the value of its holdings increasing by 68%. This equates to a $19.055 billion rise in the overall value of the company’s bitcoin reserves. Michael Saylor’s Bitcoin Empire Over the past six months, shares of the business intelligence firm Microstrategy (Nasdaq: MSTR) […] from Bitcoin News https://ift.tt/Oaq62nJ

As the global cryptocurrency market capitalization expands to $3.59 trillion, the second-largest digital asset, ethereum (ETH), has struggled to keep pace with its peers. Over the past six months, its performance has lagged significantly, falling short of the momentum seen elsewhere in the sector. Stagnation Strikes Ethereum as Its Competitors Surge Ahead Lately, ethereum (ETH), […] from Bitcoin News https://ift.tt/gpGAiDo