Category: crypto

President Trump did not mention Bitcoin or crypto in his inaugural speech, and a document outlining his priorities also did not mention digital assets. However, his nominations, such as the SEC chair Paul Atkins and the creation of a “crypto czar” role, suggest a positive stance towards the crypto industry. Additionally, on his first day…

World Liberty Financial (WLFI), a DeFi platform associated with President Donald Trump, has aggressively diversified its crypto portfolio, spending over $103 million on established and emerging digital assets. Acquisitions include TRX, AAVE, LINK, SETI, SWEAT, MENA, and Ethereum. WLFI aims to solidify its position in the digital asset space and capitalize on opportunities in the…

SEC Commissioner Mark Uyeda has been appointed as the acting chair of the regulator by President Donald Trump, following the official resignation of Chair Gary Gensler. Uyeda will lead the SEC until Gensler’s departure in 2026, with Paul Atkins nominated as the permanent head. Uyeda has advocated for clearer regulations on digital assets.

Bitcoin experienced a significant recovery, reaching a new all-time high at $109,357.07. However, a Bitfinex Alpha report warns of potential headwinds as “sell-the-news” trading behavior looms. The recent rebound followed a steep decline triggering $818 million in liquidations. Bitcoin’s support-resistance level is crucial, with short-term holders defending against deeper losses. Spot market activity and institutional…

The crypto market saw a record high weekly inflow of $2.2 billion, driven by excitement around Donald Trump’s inauguration. Assets under management reached $171 billion, with Bitcoin climbing nearly 20% to hit an all-time high. Bitcoin and XRP attracted significant inflows, while Ethereum underperformed. XRP received $31 million in inflows last week.

The Ethereum Foundation has sold 200 ETH for $672,000, sparking debate within the community. Critics argue for staking over selling to align with Ethereum’s goals, while Vitalik Buterin cites regulatory concerns for the decision. The EF is exploring more effective ways to utilize its ETH holdings, including OTC trading. Leadership restructuring emphasizes decentralization and collaboration.…

Rumble, a video-sharing platform backed by Tether, recently made its first Bitcoin acquisition as part of its strategic reserve asset plan. The amount purchased remains undisclosed, but CEO Chris Pavlovski hinted at further investments. This move reflects a broader trend of corporate firms embracing Bitcoin for their treasuries, with over 70 publicly traded companies collectively…

The Solana-based Helium Network is facing a lawsuit from the US SEC for allegedly violating securities laws by offering unregistered securities through its products and services. The SEC claims Nova Labs, the company behind the network, misled investors about partnerships with well-known companies. Nova Labs CEO, Amir Haleem, expressed confidence in contesting the claims and…

The Solana blockchain experienced severe congestion due to increased interest in Donald Trump and Melania Trump-themed memecoins. This surge overwhelmed the network, causing delays and failed transactions. Prominent Solana-based services struggled to cope, with Phantom reporting over 8 million requests per minute. Coinbase and Binance also faced issues. CEO Brian Armstrong noted the unexpected demand,…

President-elect Donald Trump made promises to the Bitcoin and crypto communities during his presidential run. Polymarket traders are predicting which promises will come true during his second term. High expectations include pardons for January 6 defendants and Ross Ulbricht, a strategic Bitcoin reserve, and possible executive orders on crypto. Markets suggest strong likelihood of pardons…