Category: crypto

World Liberty Financial (WLFI), a DeFi initiative tied to US President-elect Donald Trump, clarified recent $60 million Ethereum transactions as routine treasury management, not asset sales. The project converted WBTC to ETH and deposited nearly $59.8 million into Coinbase. Despite recent losses, WLFI holds approximately $16.7 million in assets.

Elon Musk, CEO of Tesla, criticized the SEC for suing him over delayed disclosure of a stake in Twitter. The SEC claims Musk failed to disclose owning more than 5% of Twitter, causing financial harm to investors. Musk called the SEC ineffective and accused them of focusing on trivial matters.

Ripple donated $100,000 in XRP to aid California wildfire victims through World Central Kitchen and GiveDirectly. The Giving Block facilitated the donation, with CEO Jared Isaacman pledging to match donations up to $1 million. Ripple also contributed $50,000 in RLUSD stablecoins to the LAFD Foundation. The donation comes amid ongoing legal battles with the SEC.

Investors are still interested in Bitcoin ETFs despite recent outflows in the market. Spot Bitcoin ETFs in the US saw significant outflows, with BlackRock’s IBIT fund experiencing the largest losses. The SEC has delayed its review of Bitwise’s proposal for a crypto index ETF, while Osprey Funds plans to convert its Bitcoin trust into an…

DeFi is evolving in 2025, with the merging of DeFi and AI known as DeFAI. Leading projects like Griffain, Orbit, and Aixbt are combining AI-driven features with decentralized protocols to enhance trading and lending. The market for these solutions is expected to grow significantly, but challenges such as transparency and regulation remain.

Deribit, a popular options trading platform, is reportedly exploring strategic opportunities with the help of FT Partners. It has seen a substantial increase in trading volume, reaching $1.2 trillion in 2024. Potential buyers, including Kraken, have shown interest in acquiring Deribit, with its valuation estimated at $4-5 billion. The surge in M&A activity in the…

Despite Bitcoin’s price drop, the market is still profitable and Bitcoin holders remain optimistic. NUPL, a metric measuring investor optimism, remains positive despite recent market volatility.

The Bank of England and HM Treasury are making progress in designing the digital pound, a proposed central bank digital currency. The digital pound aims to enhance the UK’s payment infrastructure, promote innovation, ensure user privacy, and require parliamentary approval. The Bank is engaging stakeholders and conducting experiments to explore various design options.

USD Coin (USDC) reached over $20 trillion in cumulative transaction volume in 2024, with $1 trillion in November alone. USDC’s growth is attributed to its integration into various blockchain platforms and its advantages over fiat money, such as cost efficiency and global reach. Partnerships with fintech companies and integration in venues like the Apple Store…

Bitwise CIO Matthew Hougan believes that the trend of companies adding Bitcoin to their balance sheets is growing and could transform the crypto market. Companies like MicroStrategy have been aggressively accumulating BTC, with 70 publicly traded companies holding Bitcoin. Regulatory changes allowing companies to mark Bitcoin holdings to market value are expected to further drive…