The Bureau of Economic Analysis reported on Friday that the headline US PCE inflation has increased for the third month to 2.6%. Core PCE inflation in the U.S. held steady at 2.8% in December, the same as November. Stocks and Bitcoin are seeing gains as analysts and investors anticipate further growth in the coming months. …
In a latest development, Uniswap Labs has officially launched v4, the most advanced version of its decentralized exchange (DEX) protocol, which is accessible to a wide range of DeFi users. The update is now live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. Uniswap v4 introduces hooks, …
Coinbase Derivatives has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce Solana Futures. The exchange aims to launch the product on February 18, offering a USD-settled contract with a size of 100 SOL and a notional value of around $25,000. The filing highlights Solana’s market volatility and its strong presence in …
Tether has announced that its stablecoin, USDT, is now integrated into the Bitcoin network, including its base layer and Lightning Network. This move is made possible through Taproot Assets, a new protocol developed by Lightning Labs. The integration aims to enhance Bitcoin’s ecosystem by combining its strong security with the fast and low-cost transactions of …
The XRP Ledger (XRPL) has taken a huge leap forward with its new AMMClawback feature. This upgrade isn’t just technical it’s a game-changer for how tokens are managed in its DeFi ecosystem. With 91.43% validator approval now token issuers can reclaim assets from liquidity pools under specific rules, adding a layer of security and compliance …
Bitcoin aimed to hold $105,000 when the U.S. Q4 GDP report came in lower than expected at 2.3%, missing the forecast of 2.5%. Analyst Michaël van de Poppe pointed out that the market quickly responded to the GDP result, with yields and the dollar falling, Ethereum rising sharply compared to Bitcoin, and altcoins seeing significant …
Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills. State Representative John Cabello has introduced House Bill 1844 (HB1844) which would establish a Strategic Bitcoin Reserve Fund under the state treasury. If passed, the Illinois State Treasurer would manage the fund, and all Bitcoin …
Bob Menendez, a former U.S. Senator was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt. Menendez was a Democrat from New Jersey known for criticizing crypto. He called bitcoin an “ideal choice for criminals” and opposed El Salvador’s decision to use BTC. Judge Sidney …
Norway’s Central Bank has revealed it has been holding a $514 million stake in MicroStrategy. This move is fueling optimism, with some analysts predicting a potential 50% rally in the company’s stock. The focus on Bitcoin is seen as a key factor driving this long-term bullish outlook. Investors are now anticipating the stock could surpass …
A Chinese court has ruled that BKEX’s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price …
Frank Richard Ahlgren III, a Texas resident, was sentenced to two years in prison and ordered to pay $1,095,031 in restitution for tax fraud linked to $4 million in Bitcoin sales. This marks the first cryptocurrency-only tax fraud case in U.S. history. Ahlgren used multiple wallets, face-to-face transactions, and mixers like CoinJoin and Wasabi Wallet …
Gemini CEO Tyler Winklevoss announced that the exchange will not hire MIT graduates or interns until the university severs ties with former SEC Chair Gary Gensler. This decision stems from a long-standing dispute with the SEC, which fined Gemini $21 million over its Earn program. Gensler, who led aggressive crypto crackdowns, has returned to MIT …
Digital Currency Group announced that it is spinning out a new mining subsidiary called Fortitude Mining, according to an announcement on Wednesday. Fortitude Mining will be a wholly-owned unit of DCG focused on achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles. Andrea Childs, former senior …
In a recent development, Phantom, a popular crypto wallet used across multiple blockchains, added beta support for the Sui blockchain on Wednesday. This places Sui alongside Solana, Ethereum, Base, and Bitcoin in Phantom’s growing list of supported chains. With this integration, Sui becomes the first Move-based blockchain network to connect with the wallet. This milestone …
Paradigm has pledged $1.25 million to support Tornado Cash co-founder Roman Storm’s legal defense. Storm faces up to 45 years in prison on charges including money laundering and sanctions evasion, sparking concerns about developer liability. Paradigm’s Matt Huang warned that the case could set a dangerous precedent for open-source development. Meanwhile, a Texas court recently …
Hong Kong’s Securities and Futures Commission (SFC) has issued its first two crypto trading platform licenses for 2025, bringing the total to seven since mid-2024. PantherTrade and YAX are the latest to receive approval under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The regulator has been actively reviewing crypto firms to ensure compliance with …
A WLFI Multisig wallet has poured another $10 million USDT into acquiring 200 million WLFI tokens from Trump’s World Liberty Finance, bringing its total investment to $20 million over the past three days. The growing interest in WLFI is no surprise, as many see the project as a potential game-changer in crypto, backed by high-profile …
Former SEC Chair Gary Gensler has returned to MIT, where he previously taught and worked on fintech and digital currency projects. Before joining the SEC, he was a professor at MIT, co-led FinTech@CSAIL, and advised the MIT Media Lab’s Digital Currency Initiative. He also won the MIT Sloan Outstanding Teacher Award in 2018-19. Gensler shared …
Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand its offerings for institutional investors. The token, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), allows qualified investors to mint and redeem tokens quickly using Ripple’s RLUSD stablecoin. The deployment is …
Jim Cramer, the host of CNBC’s Mad Money, recently advised investors to own Bitcoin (BTC) instead of its largest public holder, MicroStrategy. Responding to a caller, Cramer stated, “I own Bitcoin, and you should too. It’s a great asset for your portfolio.” However, he dismissed MicroStrategy without offering specific reasons. MicroStrategy currently holds over 417,107 …
Microsoft the 2nd largest company in the US a large shareholder in OpenAI and now project Stargate the $500B AI infrastructure project now wants to buy TikTok. ByteDance, TikTok’s Chinese parent, would retain a minority stake under the proposed deal. Oracle is expected to oversee key operations like data management and algorithm updates. While former …
The U.S. Senate has confirmed Scott Bessent, a known cryptocurrency supporter, as the new Treasury secretary. Bessent, a billionaire hedge fund manager, has voiced strong support for the crypto industry, calling it “here to stay” and opposing the idea of a U.S. central bank digital currency. Bessent will also join the “Presidential Working Group on …
Brian Armstrong, CEO of Coinbase is calling for more flexible regulations as the exchange struggles to keep up with the large number of new altcoins. He mentioned that about one million tokens are launched weekly, making it hard to evaluate them all individually. Coinbase is reviewing its listing process, where a dedicated team checks each …
Recently, QCP Group noted that Bitcoin (BTC) dropped below $100,000, along with other risky assets declining, as worries about China’s Deepseek technology spread across global markets. QCP believes that BTC won’t rise without the confirmation of a Strategic Bitcoin Reserve. It noted that the Trump administration’s evaluation for a ‘national digital asset stockpile’ was not …
DeepSeek R1, an open-source AI model developed by Hangzhou DeepSeek, has taken the top spot on the US and China Apple App Store, surpassing ChatGPT in downloads. Released on January 20, this AI model quickly gained attention for its “high quality and low price.” DeepSeek-R1 excels in tasks like math, coding, and natural language reasoning, …
The launch of a new memecoin called Runes on Solana has turned into a rollercoaster ride for investors. Created by Rune developer Runetoshi, the token initially soared to a staggering market value of $28 million shortly after its debut. However, the excitement was short-lived, as a rapid sell-off caused its market value to plummet to …
Jupiter, a leading Solana-based DEX aggregator, has made waves by burning $3.6 billion in tokens and launching an exciting buyback strategy. During its first-ever ‘Catstanbul 2025’ event, pseudonymous founder ‘Meow’ announced a game-changing plan, 50% of the platform’s protocol fee revenue will be used to buy back JUP tokens, which will be locked in a …
Over 29 million XRP, worth over $92 million, has been moved to the major crypto exchange Coinbase, sparking interest in the crypto community. Whale Alert tracked the transfer, which involved 29,532,534 XRP from an unknown wallet to Coinbase. Although large transfers like this often signal the intention to sell, the true reason remains unclear. The …
Petrobras, Brazil’s state-run oil company, is getting into Bitcoin mining. They plan to use the gas produced during oil extraction to power Bitcoin mining. This project aims to make energy use more efficient and reduce carbon emissions. By using waste gas, Petrobras hopes to contribute to both the Bitcoin industry and environmental goals. This new …
On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the …