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Scott Bessent has as been appointed as the new Treasury Secretary. In the position, he will lead efforts to shape US crypto policies within six months. In a move that has turned out to be yet another interesting update for the crypto industry, Scott Bessent was recently confirmed by the US Senate as the new…
Frax Finance proposes a $5 million investment in Trump-aligned DeFi platform WLFI. The partnership aims to integrate frxUSD into WLFI’s ecosystem, boosting adoption. The proposal has sparked both support and criticism within the crypto community. Renowned DeFi protocol Frax Finance has a $5 million investment in World Liberty Financial (WLFI), a decentralized finance platform tied…
INX platform lists Solana as the blockchain hits major milestones and becomes a go-to choice for projects in DeFi, Web3, NFTs, etc. TRUMP, the third-largest meme coin after Dogecoin and Shiba Inu, saw over $38 billion in trading volume since its launch. MELANIA, launched by First Lady Melania Trump, also gained significant attention. The INX…
El Salvador has revised its Bitcoin law, making crypto adoption optional for businesses rather than mandatory. The amendment passed with 55 votes in favor and only two against. Despite modifying its Bitcoin laws, El Salvador remains committed to its BTC strategy, recently adding 12 BTC to its national reserves. Bitcoin-friendly nation El Salvador has finally…
The platform experiences contrasting dynamics with TVL surge of 65% reaching $253M while native token S drops 42% in January 2025. Sonic implements strategic tokenomics with 3.175B total supply, featuring planned airdrops and annual minting capped at 15% until 2031. In a significant development within the blockchain sector, Sonic Labs has announced that its newly…
World Liberty Financial emerges as a major crypto player with $393M portfolio, including significant ETH and stETH holdings. MOVE experiences 14.32% surge following the purchase, showing strong technical indicators for continued upward momentum. Trump-related tokens gain widespread attention, with TRUMP, MAGA, and Triumph of MAGA showing remarkable market performance. World Liberty Financial Sends MOVE on…
Institutional inflows from BlackRock, Fidelity, and Grayscale totaled over $100 million, with net assets under Ethereum ETFs reaching $11.78 billion. Whale activity increased, with over 100,000 ETH purchased during the dip, signaling strong confidence in Ethereum’s future. Technical indicators, including MACD and True Strength Index, suggest a potential breakout, increasing the likelihood of ETH surpassing…
Spanish law enforcement agencies have frozen $26.4 million in illicit crypto funds. The authorities partnered with Tron, Tether and TRM Labs to achieve this feat. There is a growing effort to combat crypto crime in the industry. Spanish law enforcement agencies have taken significant action against international financial crypto crime in partnership with blockchain giants…
Crypto.com will delist USDT and nine other tokens for EU users by January 31, 2025. Withdrawals for affected tokens will remain available until March 31, 2025. Singapore-based crypto exchange platform Crypto.com is working on Tether’s USDT and nine other tokens for users across the European Union. The decision follows the stringent compliance requirements of the…
Bitcoin ETFs in the US saw a massive capital inflow on January 21, reflecting renewed institutional confidence. BlackRock’s IBIT led the pack with a record-breaking $661.9 million inflow, reaffirming its dominance in the space. Other ETFs, including Fidelity’s FBTC and ARK 21Shares, added to the surge, while Bitwise’s BITB faced outflows. The influx of capital…