XRP shows strong potential with its current price structure. Critical support levels are essential for future upward movements. Continue Reading: XRP’s Price Structure Sparks Interest as Market Dynamics Shift The post XRP’s Price Structure Sparks Interest as Market Dynamics Shift appeared first on COINTURK NEWS .
In the world of cryptocurrencies, thousands of new projects appear every day and this is
Amid the odds and uncertainty, an investor bid on the FOMC meeting and made $35,000. Although this is nothing new in the crypto market, such milestones are remembered either due to them turning successful at odds or giving handsome returns, and this incident carries both things. Let’s discuss. FOMC Meeting: No Rate Change Decision Made Investor $35K The US FED decided to keep the interest rate study between $4.25% and $4.50, which most experts already anticipated. Jerome Powell’s speech mentioned that the economy is strong, but inflation is still above the central bank’s 2% targets. With the FOMC meeting on January 2, there’s a pause on the rate cuts after the three cuts happened in 2024. “With the economy continuing to be robust, we don’t have to rush to change the policy direction,” said Powell. Notably, an experienced trader made the best use of the opportunity, betting on the FOMC outcome and making $35,000 in just a few hours. Interestingly, the person took a risk, as they bet $1.86M. If the FED has opted for rate cuts, this investor would have lost $1.86M. Some complimented this better’s trust and bold moves, while some criticized the madness, as the person bet millions of dollars for a mere profit. Regardless, the investor’s intuitions and research worked, making a $35,000 profit. How is This FOMC Meeting Affecting the Crypto Market? Along with the inflation discussion, Jerome Powell’s one specific statement has become the highlight of the Fed meeting. Powell stated that US banks are fully capable of managing any risks associated with crypto clients, which experts believe signals ‘no significant plans to restrict financial institutions from dealing with the crypto industry.’ Interestingly, before the FOMC meeting, a significant crypto crash took place, which impacted digital assets massively. However, past the meeting, bullish momentum has begun building. The Bitcoin price surged to $106.2k on January 30, and the rest of the altcoins followed up soon. Investors’ trading activity and interest also grew in the market, especially in Bitcoin, XRP, VVV, and other tokens, per a santiment report. Considering that an earlier CoinGape report mentioned these as the cryptos to buy before January 31 for high returns. However, with the upcoming U.S. economic data report, the crypto market is a bit turbulent today. Such macroeconomic events affect investors’ sentiments and interfere with the price trajectories of digital assets, so careful trading activities are mandatory at this point. Key Things To Remember The FED meeting positively affected the crypto market, especially the BTC token. Since then, the Bitcoin price surge has surged to $106.2k before declining again due to upcoming U.S. economic data. As a result, the entire crypto market is facing turbulence today. Interestingly, some investors consider it a buying opportunity, as the digital assets trade at a low. The aforementioned investor also identified a trading opportunity in the FOMC meeting, as they bet $1.86M on ‘no rate cuts,’ earning $35,000 in profits. With this, the person highlighted the earning potential of the market, but it is only possible with the proper research and skills. The post Betting on FOMC Meeting Made This Investor $35,000 appeared first on CoinGape .
ECB President Christine Lagarde was confident about the stance the EU central banks would take on adding bitcoin as a reserve asset. She stated that, due to several reasons, this would not happen. ECB President Christine Lagarde Confident That EU Central Banks Won’t Adopt Bitcoin The concept of a strategic bitcoin reserve, consisting of state
Elliot Management, a well-known hedge fund led by Paul Singer, has recently raised a red flag on President…
Could THE NEW OFFICIALMAGACOIN Be the Key to $555K? Bitcoin (BTC) changed the lives of early investors with its groundbreaking returns, and Ethereum (ETH) reshaped the crypto world with its smart contracts. Now, THE NEW OFFICIALMAGACOIN , a new coin, is being called the next big opportunity for exponential growth. Why THE NEW OFFICIALMAGACOIN Is the Ultimate Choice 1. A Fresh Entrant With Massive Potential: As a newly launched coin, THE OFFICIALMAGACOIN offers investors the chance to enter at the ground floor. Its early-stage momentum makes it one of the most promising opportunities to achieve life-changing gains. 2. Record-Breaking Presale Success: Raising $1 million almost instantly, THE OFFICIALMAGACOIN has already proven itself as a high-demand asset. This presale success has cemented its place as a token with unmatched growth potential. 3. Exclusivity That Drives Demand: Unlike ETH, MATIC, or APT, which are widely traded on multiple exchanges, THE OFFICIALMAGACOIN is sold exclusively at OFFICIALMAGACOIN.COM . This exclusivity creates urgency and scarcity, increasing its value to early adopters. How It Stands Up Against Competitors XRP: A leader in payments, but it no longer offers the early-stage returns seen with this new coin. Solana (SOL): Strong in scalability but can’t match the momentum of THE OFFICIALMAGACOIN. Optimism (OP): A rising Layer-2 solution but lacks the excitement surrounding this token. SEI: Innovative but doesn’t have the same presale success or exclusivity. Secure Your Position Before It’s Too Late With its record-breaking presale and massive growth projections, THE NEW OFFICIALMAGACOIN is quickly becoming the most talked-about investment of 2025. Could $500 really turn into $555K? The answer lies in this explosive new coin. Get your tokens now, exclusively at OFFICIALMAGACOIN.COM Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: OFFICIALMAGACOIN’s Growth Is Just Beginning—Analysts Predict a Massive Run
The Securities and Exchange Commission (SEC) fast-tracked Bitwise’s application for the third Bitcoin-Ethereum exchange-traded fund ($BTC-$ETH ETF) in the US. The regulator hasn’t yet approved the ETF but might do so soon, which would allow Bitwise clients to gain indirect exposure to the two leading cryptocurrencies at once. While institutional investors are dipping their toes in crypto through ETFs, the degen community is discovering traditional investment vehicles like indexes. Meme Index ($MEMEX) could pioneer this new trend. Where Will the SEC Draw the Line for Altcoin ETFs? Bitwise cleared the first resistance on the path to its ETF approval – the 19b-4 form. Now, the issuer awaits the approval of the S-1 form for the fund to hit the market. Earlier this week, Tuttle Capital also filed for ten altcoin ETFs , including meme coins $TRUMP , $MELANIA , and $BONK. Bloomberg analyst James Seyffart points out that ETF issuers are probing the SEC’s boundaries. The SEC has already greenlit Canary Capital’s $LTC ETF , so the question is – where will regulators draw the line? Meanwhile, Bitwise believes the new pro-crypto administration and launch of new ETFs will extend the bull run well into 2026. The rapid growth of the $BTC ETF sector is a good case in point. The first spot $BTC ETFs by BlackRock, Fidelity, and Grayscale were approved in January 2024. A year later, there are 12 US $BTC ETFs with total cumulative inflows of $40.18B. Yesterday’s $BTC ETF inflows alone amounted to $588M, with BlackRock’s IBIT ETF leading the charge ($321M). US $ETH spot ETFs also recorded $67.77M inflows yesterday, bringing the total inflows to $2.73B. Partly due to the accelerated institutional adoption driven by ETFs, $BTC rose 143% year-to-date and now trades at $$104K. If the SEC were to approve altcoin ETFs, the entire crypto market would surge due to added legitimacy and accessibility. Meme Index ($MEMEX) Brings Tried and Tested Wall Street Tools to Meme Coin Trading While the Wall Street guys explore crypto through ETFs, degen traders tap into stock market products like indexes. Meme Index ($MEMEX) resolves the two main hurdles of meme coin investors – finding promising coins and managing risk. It introduces four meme coin indexes that cater to different risk appetites: Titan (the least volatile), Moonshot and MidCap (mid volatility), and Frenzy (high-risk, high-rewards assets). The meme coin market cap amassed $100B. New tokens enter the arena every day, and the leaderboard can change in the bat of an eye. That’s why putting all your hard-earned money into one project isn’t the best strategy. By investing in eight tokens instead of one, you spread risk and offset potential losses, thus enjoying higher average returns. Ultimately, $MEMEX proves that traditional finance and crypto can coexist and take a page or two out of each other’s books. Early adopters have already invested $3.1M in the $MEMEX presale and staked 139M tokens at a 718% dynamic APY. One token now costs $0.0157183, but the price will increase in less than a day. This means now is the best time to secure your share of $MEMEX before it launches on tier-1 exchanges at a higher price point. Beyond providing access to Meme Index baskets, the $MEMEX token gives its holders governance rights to steer the project’s direction. Crypto’s Coming of Age The lines between old-school finance and crypto are blurring. The SEC’s warming up to crypto ETFs – it has already said yes to $BTC and $ETH, so altcoins and even meme coins could be next. This means Wall Street is finally taking crypto seriously. And with projects like Meme Index , we see degens embracing the tried and tested investment strategies. All of this means one thing – there’s no way of stopping the crypto train. However, remember to DYOR before investing in any project. Even the broader bull run and strong project fundamentals don’t guarantee returns.
The cryptocurrency landscape is seeing significant shifts, with two major developments capturing attention: the rising influence of stablecoins on Solana and the legal efforts surrounding former FTX CEO Sam Bankman-Fried. Solana’s stablecoin supply has surged by over 73% since mid-January, fueled in part by the launch of Donald Trump’s meme coin, which has driven record trading activity on the network. Meanwhile, Bankman-Fried’s parents are reportedly exploring the possibility of a presidential pardon for their son, who is currently serving a 25-year sentence for fraud-related charges. Sam Bankman-Fried’s Parents Reportedly Seeking Presidential Pardon for Their Son The parents of Sam “SBF” Bankman-Fried , the disgraced former CEO of FTX, are reportedly exploring the possibility of securing a presidential pardon for their son, who is currently serving a 25-year prison sentence for fraud-related charges. According to a Jan. 30 Bloomberg report, Joseph Bankman and Barbara Fried have already engaged with legal professionals and individuals with ties to former President Donald Trump’s administration to assess the feasibility of clemency. Bankman-Fried’s downfall remains one of the most infamous collapses in financial history. Once celebrated as the face of cryptocurrency’s mainstream adoption, his empire unraveled in November 2022, when FTX collapsed virtually overnight due to massive financial mismanagement and the alleged embezzlement of customer funds. His November 2023 trial ended with a guilty verdict on seven felony charges, including wire fraud, securities fraud, and commodities fraud, culminating in a March 2024 sentencing of 25 years in prison. While many in the crypto community initially believed Bankman-Fried would have a better chance at clemency under President Joe Biden, recent developments suggest that Trump’s return to power could provide a more favorable path for his supporters in the industry. Trump’s recent policy shifts have positioned him as an unlikely ally to the crypto world, a stark contrast to the regulatory crackdown under Biden’s administration. The former president has signaled openness to crypto-friendly policies, a move that has garnered increasing interest from major industry figures. According to white-collar prison consultant Sam Mangel, multiple defendants convicted of financial crimes have submitted clemency requests since Trump re-entered the political scene, hoping to benefit from his history of pardoning high-profile figures. This optimism was further fueled by Trump’s decision to commute the sentence of Silk Road founder Ross Ulbricht, who had spent 11 years behind bars on a double life sentence. The commutation of Ross Ulbricht’s sentence has given hope to Bankman-Fried’s legal team, but the cases are vastly different. While Ulbricht was convicted of running the dark web marketplace Silk Road, which facilitated billions of dollars in illegal drug trades, his supporters have long argued that his sentence was excessive and symbolic of government overreach. Bankman-Fried’s downfall wiped out billions of dollars in customer funds, leading to immense public backlash. Unlike Ulbricht, he lacks a grassroots movement advocating for his release, making the case for clemency significantly more challenging. Despite the crypto industry’s growing ties to Trump, his willingness to intervene in Bankman-Fried’s case remains uncertain. Trump has historically been skeptical of cryptocurrency, famously calling Bitcoin a “scam” during his presidency. However, his recent policy changes, including support from major crypto executives and a shift toward embracing the industry, indicate a possible softening stance. Nevertheless, Bankman-Fried’s political baggage complicates matters. The former FTX CEO was one of the largest donors to Democratic candidates, including President Joe Biden’s 2020 campaign, which could further hurt his standing with Trump’s allies. What’s Next for SBF? Even if Trump secures another term, there is no guarantee that Bankman-Fried will receive clemency. His case remains a cautionary tale of corporate fraud, investor deception, and regulatory failures in the crypto space. Unlike previous Trump pardons, such as Steve Bannon and Roger Stone, Bankman-Fried does not share strong political ties with Trump’s inner circle. For now, his parents are exhausting all legal avenues, but the road to clemency is far from guaranteed. Meanwhile, the crypto industry continues to evolve, with Bankman-Fried’s name serving as a reminder of both its potential and its pitfalls. The fate of Sam Bankman-Fried’s presidential pardon request remains highly uncertain, even amid growing speculation about Trump’s influence on the crypto industry. While his parents’ legal efforts continue, the public perception of FTX’s collapse and its victims' financial losses could make clemency an uphill battle. Trump Meme Coin Hype Fuels 73% Surge in Solana’s Stablecoin Supply The total supply of stablecoins on Solana has surged by more than 73% since mid-January, as capital continues to flood into the network following the launch of US President Trump’s meme coin, $TRUMP. According to a Jan. 30 report by research firm CCData , Solana’s stablecoin supply now stands at $11.1 billion, marking an astonishing 112% increase since Jan. 1. This dramatic growth has pushed Solana past BNB Chain, making it the third-largest blockchain network by stablecoin supply—trailing only Ethereum and Tron. The official Trump (TRUMP) meme coin was launched on Jan. 18, followed by the Melania (MELANIA) token on Jan. 19—both built on Solana. These launches ignited record-breaking decentralized exchange (DEX) trading activity, sending network activity skyrocketing. The Trump -linked meme coins generated unprecedented on-chain user adoption, with Moonshot, the platform facilitating purchases of the meme coins, reporting more than 200,000 new users onboarding onto Solana within days of the launch. At its peak, the fully diluted value (FDV) of the $TRUMP token exceeded $80 billion within 24 hours, before retracing to $26 billion as of Jan. 30, according to CoinMarketCap. The frenzy surrounding Trump’s crypto involvement has dramatically shifted trading patterns and capital flows within the Solana ecosystem. Solana’s explosive growth in stablecoin supply has allowed it to leapfrog BNB Chain, which had long held its position as the third-largest blockchain for stablecoin settlements. However, Solana still remains behind Ethereum and Tron, both of which have entrenched dominance in the stablecoin market. The rise in stablecoin supply is a reflection of growing liquidity and adoption, further solidifying Solana’s status as a leading hub for decentralized finance (DeFi), non-fungible tokens (NFTs), and meme coin speculation. Amid this surge in on-chain activity, Circle’s USD Coin (USDC) has emerged as the dominant stablecoin on Solana, comprising nearly 78% of the total stablecoin supply. In contrast, Tether’s USDT has struggled to gain traction, holding only 12% of Solana’s stablecoin market share, according to CCData. At a market capitalization of $50 billion, USDC remains the second-largest stablecoin globally, trailing Tether (USDT), which holds a commanding lead at $140 billion, according to CoinGecko. However, Circle’s influence on Solana is growing rapidly, driven by both institutional adoption and the network’s DeFi resurgence. The Trump meme coin frenzy has reignited interest in Solana’s high-speed, low-cost network, bringing unprecedented liquidity and volume to its DeFi protocols. While Ethereum and Binance Smart Chain (BSC) continue to dominate in trading volume, Solana’s low transaction fees and fast processing times have made it the preferred blockchain for memecoin speculation, NFT trading, and rapid asset transfers. The meme coin mania has also triggered intermittent congestion issues on the network, raising questions about Solana’s ability to scale efficiently under heavy demand. However, Solana’s recent stability upgrades and validator optimizations have helped keep it operational despite record user influxes. What’s Next for Solana and Stablecoins? The crypto industry’s ties to the former president are strengthening. The launch of politically branded tokens like $TRUMP and $MELANIA could set a precedent for a new wave of politically driven crypto assets, further accelerating Solana’s on-chain adoption. If Solana continues to gain stablecoin market share, it could pose a formidable challenge to Tron, which has dominated cross-border stablecoin transactions for years. Meanwhile, Ethereum remains the king of DeFi, but Solana’s momentum suggests that a multi-chain future is emerging. For now, the combination of meme coin speculation, stablecoin adoption, and increased liquidity is fueling Solana’s rise, setting the stage for what could be a transformative year for the blockchain and its ecosystem. The surge in Solana’s stablecoin supply—fueled by the Trump meme coin hype and increased capital inflows—has reshaped the network’s position in the crypto ecosystem. As Solana challenges established players like BNB Chain and Tron, its rising influence in DeFi and stablecoin settlements show its growing role as a major blockchain powerhouse. With 2025 shaping up to be a critical year for both crypto regulation and market expansion, Solana’s momentum could continue accelerating—especially if political narratives remain intertwined with blockchain innovation.
Automated trading fueled 70% of stablecoin transaction volume last year, with Base surpassing Ethereum due to bot-driven activity, a survey reveals. A new survey by crypto exchange CEX.IO, which cited Allium’s data, reveals that automated trading bots handled 70% of stablecoin transaction volume in 2024, based on an analysis of blockchain activity across Ethereum , Base , and Solana . Per the exchange, on average, 77% of 2024’s total stablecoin transaction volume fell into the unadjusted category, largely driven by bot transactions. Stablecoin transaction volume | Source: Allium The bot activity experienced a fourfold increase compared to 2023, increasing its share from 80% to 90% in the unadjusted category. The exchange says this distilled figure means that “70% of stablecoin transaction volume in 2024 was related to bot transfers.” “USDC dominated the unadjusted category, making up over 65% of the volume. This underscores the fact that much of USDC’s transaction activity was driven by bots.” CEX.IO Coinbase’s layer-2 network Base saw the biggest impact as bots pushed it ahead of Ethereum in raw numbers, the survey report reveals. “Networks such as Solana and Base, where USDC supply dominates, saw unadjusted transactions represent over 98% of stablecoin activity as of December 2024. Due to the bot activity, Base even managed to surpass Ethereum in total stablecoin transaction volume in Q4 2024.” CEX.IO You might also like: Commerce Secretary Lutnick: US dollar stablecoins should be audited The study also found that without bot activity, the stablecoin transaction landscape would be “completely different.” Adjusted stablecoin transfer volume doubled in 2024, although it “still lagged behind the growth of bot-driven activity,” according to CEX.IO. Tether’s ( USDT ) remained the dominant stablecoin for “organic” transactions, accounting for over 68% of adjusted volume. PayPal’s ( PYUSD ) showed the highest adoption growth, tripling its share in adjusted transactions, but still represented less than 2% of “organic” transaction activity. Read more: Stablecoin future uncertain as crypto community divided over regulatory hurdles
Bitcoin’s current supply is dwindling and exchange reserves have fallen to a seven-year low, fueling speculation that the asset could surge to $200,000 amid rising institutional demand. Bitcoin Price Could Reach $200,000 as Exchange Supply Drops to Seven-Year Low Data from CryptoQuant reveals that investors have pulled $504 billion worth of Bitcoin from exchanges over the past five years. The massive outflow has significantly reduced the available supply, creating a potential supply shock that could send prices soaring. At the same time, institutional interest in Bitcoin continues to grow, particularly from Wall Street firms and large asset managers. “We could see this squeeze higher and there is an incentive to keep prices high,” 10x Research co-founder Markus Thielen said during a recent podcast with investor Scott Melker. Trump's Pro-Crypto Policies Could Boost Bitcoin's Rise Adding to Bitcoin’s bullish outlook, former US President Donald Trump recently signed an executive order declaring the growth of the crypto industry a “national priority.” Industry leaders are calling it a turning point. Bitwise CIO Matt Hougan called the move “massively bullish” and predicted it would bring trillions of dollars to the crypto market. Hougan has previously predicted that Bitcoin could reach $200,000 by 2025, a view echoed by analysts Standard Chartered and Bernstein. This week, he suggested that $200,000 might even be a conservative estimate. *This is not investment advice. Continue Reading: Exchanges' Bitcoin Reserves Drop to Seven-Year Low! What Does This Mean? Here Are the Details