Category: crypto

Upshift, Clearstar, and Flare have introduced earnXRP, a new onchain yield vault for XRP holders to earn compounded XRP-denominated returns. The vault allows users to deposit FXRP, which is then deployed across various yield strategies with profits compounded back into XRP. It aims to simplify earning onchain XRP yield.

Midnight, a privacy-focused token linked to Cardano, reached a record high after being listed on major exchanges like Binance, Bybit, and Kraken. The surge in price and volume attracted both retail and institutional traders. On-chain data suggests capital moving from Cardano DeFi into Midnight due to its privacy features and association with Charles Hoskinson.

Bitcoin is trading in a ‘bullish neutrality’ regime with composite indicators improving and short liquidations dominating. This leads to controlled upside pressure with limited froth. A regime indicator sits at +16.3 in the upper neutral band, historically delivering positive 30-day returns. Short liquidations dominate, creating upward pressure on prices.

President Trump announced plans to bring 1,600 new power plants online within a year to reduce electricity costs as part of his economic agenda. The surge in energy demand, especially from data centers for AI projects, is highlighted by ERCOT. Trump aims to boost economic growth and competitiveness through increased energy generation.

Senator Cynthia Lummis, a strong advocate for cryptocurrency legislation, announced that she will not seek reelection in 2026 due to a lack of energy for another term. She plans to focus on advancing key crypto bills before leaving office. Supporters praised her work, while critics speculated about political motives for her decision.

A stablecoin user lost nearly $50 million in an address poisoning scam after copying a fake address from transaction history. This incident highlights the need for the bipartisan SAFE Crypto Act to combat rising crypto fraud. The legislation aims to create a federal task force to detect and disrupt such schemes.

Leaked files show Binance allowed $1.7 billion to go through 13 suspicious accounts, including $144 million after a U.S. plea deal. Transactions involved terror-financing red flags and unusual logins. Despite claims of compliance, Binance continued to facilitate transactions flagged for suspicious activity after settling with U.S. authorities in 2023.

The Uniswap community has voted in favor of the “UNIfication” proposal, which will change the tokenomics of the protocol and introduce a system for burning UNI tokens using trading fees. Over 69 million votes supported the proposal, with a two-day lock before implementing protocol fees and automated burns. 100 million UNI tokens will be burnt…

A group of bipartisan U.S. House lawmakers are urging the IRS to reexamine the country’s taxation laws on cryptocurrency staking. They want staking rewards to be taxed only at the time of sale to avoid double taxation. This initiative aims to support the U.S.’ position as a global crypto capital.

Hong Kong’s insurance regulator is considering allowing insurers to invest in cryptocurrencies under a 100% risk charge. The proposal also includes capital requirements for stablecoins. This move aligns with the city’s efforts to expand regulated crypto activity while managing risks. Public consultation on the proposal is expected to take place from February to April.