A judge just ordered the U.S. Securities and Exchange Commission (SEC) to craft a more thorough response to a petition from Coinbase. In July 2022, the top US crypto exchange filed a petition with the SEC to create a new regulatory framework for digital assets, but the regulator rejected the proposal with a single-paragraph notice in December …
Monthly archives: January 2025
ApeX Protocol Unveils 2025 Roadmap With ApeX Trading Chain and 25 Million APEX Airdrop
January 15, 2025 – Saint Vincent, the Grenadines ApeX Protocol, one of the leading decentralized exchanges, has announced its 2025 roadmap and new strategic vision. Highlights include the rollout of the ApeX Trading Chain, a 25 million APEX token airdrop and the launch of AI-powered tools. Major enhancements to ApeX Protocol over the next 12 …
River study suggests over $1.5 billion in Bitcoin lost to self-custody
Bitcoin lost through self-custody surpasses the amount lost on exchanges, according to River’s analysis. The firm estimated that around 1.6 million Bitcoin (valued at over $1.5 billion) had been rendered inaccessible due to self-custody mismanagement, compared to 1.2 million (equivalent to more than $1.1 billion) lost in exchange-related incidents like the Mt. Gox hack and …
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Donald Trump-linked DeFi project clarifies $60 million ETH movement amid sell-off speculation
World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns about recent Ethereum transactions worth $60 million. On Jan. 15, the project clarified that the movements are part of its routine treasury management, dispelling speculations of asset sales. It stated: “To be clear, we are not selling tokens—we are …
Ethereum layer-2 revenue hits $277 million in 2024, spearheaded by Base’s $92 million
Ethereum layer-2 networks achieved a combined revenue of $277 million in 2024, with approximately 41% ($113 million) allocated as “cost” to the mainnet. This means the blockchain networks generated cumulative profits of $164 million last year. Lorenz Lehmann, citing GrowThePie data, reported that Base, the layer-2 scaling solution developed by Coinbase, emerged as the highest-earning protocol …
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. Bitcoin ETF The Thai Securities and Exchange Commission (SEC) is reportedly considering introducing spot Bitcoin …
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Tether claims Swan Bitcoin was ‘reckless,’ escalates legal war after mining venture fallout
Tether, the leading issuer in the stablecoin sector, has initiated legal proceedings against Swan Bitcoin in the High Court of England and Wales, according to a Jan. 15 statement shared with CryptoSlate. The stablecoin company claimed that Swan had significantly breached their agreements, prompting the lawsuit to safeguard its investment. Tether stated: “Swan has acted …
Bitcoin edges back towards $100,000 as US inflation data aligns with forecasts at 2.9%
Bitcoin rose from $96,000 to $98,400 following the release of December’s US consumer inflation data and yesterday’s PPI data. The Consumer Price Index (CPI) reported a 0.4% monthly increase, aligning with forecasts. The annual inflation rate hit 2.9%, slightly higher than the previous 2.7% but meeting forecasts. Core inflation, excluding food and energy, rose 0.2% …
What is DeFAI? The AI-enabled DeFi narrative looking to take 2025 by storm
DeFi is undergoing a fresh wave of innovation in 2025, and one of the most exciting trends right now is the merger of DeFi and AI—often referred to as DeFAI. This fusion of cutting-edge tech has the potential to shake up how we think about finance, offering better accessibility, streamlined automation, and more personalized tools …
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Stellar Surges 14%, Hits $0.4795, Eyes $0.50 Breakout
Stellar’s XLM price surged 14% to $0.4795, with a market cap of $14.58 billion and a 24-hour trading volume of $1.8 billion, trading within an intraday range of $0.4191 to $0.4896. XLM’s rise has coincided with the spike XRP has witnessed this week. Stellar Stellar’s hourly chart reveals a bullish trend, characterized by higher highs …
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Insiders Claim SEC May Ease Crypto Enforcement Under Trump Administration
The U.S. Securities and Exchange Commission (SEC) under President-elect Donald Trump appears poised for a strategic shift in its treatment of cryptocurrency regulations, according to insights shared with Reuters by three unnamed individuals briefed on the matter. Report Says Pro-Crypto Agenda Will Drive SEC’s New Regulatory Approach Reuters reports that Republican commissioners Hester Peirce and …
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Court Orders $9 Billion Bitcoin Restitution in Bitfinex Hack Case
A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators. Voluntary Restitution in Bitfinex Hack Includes $9 Billion in Bitcoin With a valuation exceeding $9 billion, this recovery represents …
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$99K and Counting: Bitcoin’s Meteoric Climb Mirrors Inflation Trends
On Jan. 15, bitcoin ascended to an intraday peak of $99,442 on Wednesday morning, following the release of the latest U.S. inflation data, which revealed a slowdown in core inflation. Easing Core Inflation, Explosive Bitcoin Rally: $224M Liquidated in 24 Hours At 9 a.m. Eastern Time, bitcoin was trading at $98,805 per coin, having momentarily …
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XRP Inches Closer to Overtaking Ethereum—A New Crypto King in the Making?
On Wednesday, XRP climbed to an intraday peak of $2.895 and, as of press time, is trading at $2.87 per unit, reflecting an increase of nearly 12% over the past 24 hours. The crypto asset is steadily narrowing the gap with ethereum (ETH), now accounting for 42.6% of ether’s market capitalization. Ethereum’s Dominance Under Threat …
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Lightchain AI Brings AI and Web3 Together
PRESS RELEASE. Two of the most groundbreaking technologies of our time—AI and Web3—are coming together in a way that’s never been seen before. Lightchain AI is leading the charge, and with its testnet release scheduled for late January, the tech landscape is buzzing with excitement. This is more than a tech announcement—it’s a call to …
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