Senator Lummis urges halt to Silk Road Bitcoin sale, demands FDIC accountability on crypto records
Senator Cynthia Lummis sent letters to US authorities expressing her concerns over the plans to liquidate the 69,370 Bitcoins (BTC) tied to the Silk Road and the alleged destruction of material regarding the Federal Deposit Insurance Corporation (FDIC) activities on…
Trump reportedly talking to Ripple with interest in XRP, USDC, Solana for US national reserve
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign…
Bitcoin investor stress levels remained moderate despite correction from all-time highs
Bitcoin’s (BTC) latest market correction from its 2024 all-time high (ATH) of over $108,000 reflects a cooling phase but relatively low levels of investor stress indicate the bull market is far from over, according to a recent report by Glassnode. …
Thailand navigates crypto with Bitcoin ETF ambitions and Polymarket scrutiny
Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves. Media reports in the Asian nation have revealed that it is weighing the approval of Bitcoin exchange-traded funds (ETFs) while considering a ban on Polymarket….
The market is still in profit despite Bitcoin’s price slump
Bitcoin’s pullback to $90,000 caused quite a stir in the market. Although its recovery to above $96,000 on Jan. 14 offered some relief, many on-chain indicators revealed underlying stress in market health. Key metrics like Net Unrealized Profit/Loss (NUPL) and…
Bitcoin holds near $96,500 as US PPI data shows slower producer price growth
Bitcoin traded around $96,500 Tuesday following the release of US December Producer Price Index (PPI) data, which indicated a deceleration in producer price growth. The monthly PPI rose 0.2% in December, below November’s 0.4% increase and in line with forecasts…
Bitcoin adoption is outpacing the internet and mobile phones – BlackRock
Bitcoin’s (BTC) adoption is outpacing the transformative technologies of the past, including the internet and mobile phones, according to a recent report by BlackRock. The document highlighted that since its launch in 2009, Bitcoin has quickly evolved from a niche innovation…
Binance captures 97% of South Korean market and half of global Bitcoin transactions
Binance continues to solidify its position as the top global crypto exchange, as recent data highlights its growing dominance across key markets. Data from CryptoQuant shows that the crypto commands a staggering 96.91% of crypto trading activity in South Korea….
Spot Bitcoin ETFs mark first anniversary with four among Top 20 in AUM
Four spot Bitcoin (BTC) exchange-traded funds (ETFs) figured among the 20 ETFs with the most significant assets under management (AUM) one year after their launch in the US. BlackRock’s spot Bitcoin ETF IBIT was the best performer among the Bitcoin…
FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0
Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms during a speech in St. Louis on Jan. 10. Hill pointed to accounts of crypto-related businesses losing access to banking services without explanation,…