With $150 million in new funding, Solana-focused wallet Phantom aims to take on traditional finance as the next-gen consumer finance platform. Phantom , the crypto wallet launched in 2021, has raised $150 million in its Series C funding round, co-led by Sequoia Capital and Paradigm, with participation from existing backers including a16z crypto and Variant. The funding, which brought the wallet’s valuation to $3 billion, will help Phantom accelerate crypto adoption and work toward becoming the world’s biggest consumer finance platform, the developers said in a blog announcement . Phantom has grown rapidly since its debut, attracting 15 million monthly active users, $25 billion in self-custody assets, and $20 billion in annual swap volume by making crypto “safe and easy to use.” “Our mission has always been to make crypto more accessible, intuitive, and safe for everyone. This latest round of funding allows us to invest further in innovation and ultimately, modernize consumer finance.” Brandon Millman, CEO and co-founder of Phantom You might also like: Phantom acquires Blowfish to boost wallet security With the new funding, the wallet plans to push crypto adoption even further, with the team plan on focusing on partnerships, acquisitions, and build the “next-generation consumer finance platform.” Additionally, Phantom wants to make “additional strategic investments” into “social discovery features” around its 3.8 million usernames as well as “simplifying peer-to-peer payments,” the developers said. The move follows Phantom’s recent addition of support for the Sui protocol, aimed at expanding unified crypto storage and trading across web3. While the wallet started out as Solana -focused, it has since broadened its support to include networks like Ethereum , Coinbase’s layer-2 Base , and more. Read more: Phantom CEO says wallet reaches 3.2m active users propelled by airdrops
The launch of a Solana (SOL) exchange-traded fund (ETF) in the United States could face significant delays, with analysts predicting approval might not come until 2026. Despite a more crypto-friendly environment under President-elect Donald Trump, regulatory hurdles remain a major obstacle. SEC Lawsuits Complicate Approval Process According to Bloomberg analyst James Seyffart, the SEC’s ongoing … Continue reading "Solana ETF Faces Potential Delays Until 2026, Analysts Warn" The post Solana ETF Faces Potential Delays Until 2026, Analysts Warn appeared first on Cryptoknowmics-Crypto News and Media Platform .
The cryptocurrency market experiences a flurry of activity, as Bitcoin regains momentum above $100,000, sparking significant gains across various altcoins. Recent analysis reveals that altcoins like MEOW, GT, and MORPHO
The post Why is Crypto Market up Today? appeared first on Coinpedia Fintech News The crypto market is back on the rise, with its total value reaching $3.57 trillion after a 2.5% increase in the past 24 hours. Bitcoin, the largest cryptocurrency, is leading this recovery, trading at $101,380. Other top coins, including XRP, Solana, and Dogecoin, also saw strong gains of 8.5%, 7%, and 3.8%, respectively. CPI Report Brings Optimism The recent rise in crypto prices follows the release of the U.S. Consumer Price Index (CPI) report for December. The report showed a 0.4% increase , slightly above the expected 0.3%. Compared to last year, the CPI is up 2.9%, meeting predictions. These numbers suggest inflation is still an issue, but the steady improvement has reassured investors. Litecoin ETF May Get Approval Litecoin is gaining attention as the Nasdaq filed for a Litecoin ETF . This follows updated feedback from the U.S. Securities and Exchange Commission (SEC). Experts believe the chances of approval are now higher, creating excitement in the market. Bitcoin ETFs See Strong Inflows Bitcoin exchange-traded funds (ETFs) are seeing strong demand. On January 16, Bitcoin ETFs recorded an inflow of $626.1 million , following a $755 million inflow the day before. BlackRock, a leading asset manager, contributed $527.9 million to this surge. These inflows show growing interest in BTC after days of outflow. Liquidations Push Prices Higher The rise in crypto prices has been followed by a wave of liquidations in the derivatives market. Over $326 million worth of positions were liquidated in the last 24 hours, with $182 million being short positions. This means traders betting against the market were forced to close their trades. Binance recorded the largest single liquidation, worth $6.09 million. Bitcoin Stays Strong Above $100,000 Bitcoin has successfully held its position above the critical $100,000 mark, a psychological support level that boosts investor confidence. Many analysts believe this stability could aim for $105,000 if buying pressure remains steady.
Ripple's CLO strongly denies allegations linking the company to political figures. XRP's price surged to a seven-year high following the rumored Trump meeting. Continue Reading: Ripple’s CLO Dismisses Controversial Allegations and XRP Surges The post Ripple’s CLO Dismisses Controversial Allegations and XRP Surges appeared first on COINTURK NEWS .
Oroswap , founded by a team of Zignaly Community OGs, announced that it has been building in stealth on ZIGChain – the upcoming purpose-driven blockchain for wealth generation. Giving first-hand visibility to the massive developer ecosystem that ZIGChain has. A full-fledged DEX with Standard AMM & CLMM capabilities together with a robust feature-rich roadmap, Oroswap (“Oro” Spanish for “gold”) is more than the promise of an on-chain marketplace. It is the first DEX being built with conversational AI experience & execution capabilities. At the moment, no DEX in the blockchain space offers this capability. AI discussion and uses have been growing over the past few years throughout the Crypto space, but 2025 really brought agentic AI as the future of blockchain & AI confluence – especially within DeFi which remains extremely complex despite advances in improving UI/UX. “As community OGs of the $ZIG ecosystem, building on ZIGChain was a no-brainer. However, we didn’t want just another DEX. Having past experience in AI & machine learning, we wanted to deliver a product that would supremely improve the user experience for the community and set a standard for all dApps building on ZIGChain – build great products but with superior UI / UX in mind. With Oroswap, we aim to deliver that,” the OROSwap team shared, The Oroswap DEX will be a major dApp on the ZIGChain blockchain and an innovative decentralized exchange experience for wealth managers. Abdul Rafay Gadit , Co-Founder of Zignaly and ZIGChain said, “The team behind Oroswap are some of the brightest developers in the Web2 & Web3 space with an amazing journey that spans AI, Machine Learning, Gamification & even the Bitcoin ecosystem! For us to have such seasoned developers choosing ZIGChain to build on as a way for them to give back to the community is a testament to all the work we have been putting in. Extremely excited by the product vision and looking forward to supporting all innovative ideas on ZIGChain especially those with AI in the core flows”
Floki has surged by 4.17% over the past 24 hours amidst a strong upward momentum.
Bitcoin and Cardano (ADA) have been strong players in the market, newer altcoins are catching attention for their potential to deliver massive gains. Altcoins like BigBossInu , XRP, Solana (SOL), Kaspa (KAS), and Optimism (OP) are showing incredible potential, with some analysts predicting that a modest investment of $1,000 could turn into $750,000 by 2025. Let’s explore why these altcoins could offer such impressive returns. BigBossInu: A Crypto Revolution in the Making with Its Presale BigBossInu is quickly becoming one of the most exciting projects in the cryptocurrency market. Its presale is gaining significant traction, attracting investors eager for a high-reward opportunity. BigBossInu’s focus and scalable infrastructure make it a promising project with massive growth potential. The token’s ambitious vision and cutting-edge technology position it for exponential returns, making it a must-watch for those looking to invest early in a high-growth project. BigBossInu: $100,000 raised in minutes! Celebrate with a 50% EXTRA BONUS using code EXTRA50X —for a limited time only. >> XRP surged by almost 98% following Ripple’s partial win over the SEC, momentarily rising to the fourth-largest cryptocurrency. The price has since corrected to $0.56 as market excitement cools off. Major exchanges like Coinbase and Kraken have now relisted XRP, XRP could see substantial growth, offering investors the chance to turn a modest investment into significant returns over the next few years. Solana (SOL): Solana’s market cap has recently flipped XRP, making it the fifth-largest cryptocurrency. This surge in value is driven by factors such as increased activity in decentralized applications (DApps), successful token launches, and airdrops. Kaspa (KAS) is a rising star in the crypto space, known for its innovative Proof-of-Work consensus mechanism that offers high-speed, energy-efficient transactions. This could lead to significant price appreciation, making Kaspa a key altcoin to watch for those seeking high-growth opportunities in the coming years. Optimism has surged to $3.34, benefitting from its role as a Layer-2 solution for Ethereum. Investors looking for a high-potential altcoin with real-world use cases should consider adding Optimism to their portfolio, as it could deliver impressive returns by 2025. >>>> Conclusion BigBossInu , XRP, Solana (SOL), Kaspa (KAS), and Optimism (OP)—offer incredible growth potential. . Whether you’re looking for a high-reward project like BigBossInu or established assets like Solana and XRP, these altcoins have the potential to turn a $1,000 investment into life-changing gains over the next few years. To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu Continue Reading: Early XRP Millionaire’s Top Picks: These 5 Altcoins Could Be the Next Big Thing in 2025
The post XRP ETF Predictions: Polymarket Sees 70% Approval Likelihood by July 2025 appeared first on Coinpedia Fintech News After surging more than 40 percent in the past few days, Ripple Labs’ XRP has retested its all-time high (ATH) set in January 2018. The large-cap altcoin, with a fully diluted valuation of about $332 billion and a 24-hour average traded volume of around $20 billion, has stamped its dominance in the third position after recently displacing Tether USDT . The notable rise of XRP, amid the ongoing Bitcoin (BTC) rally , has signaled the onset of a much-anticipated altseason. Moreover, Bitcoin dominance has been forming a macro reversal pattern after being trapped in a rising trend for the past two years. When Spot XRP ETF? The idea of a spot XRP ETF has gained significant momentum in the recent past, fueled by the re-election of Donald Trump and other pro-crypto US leaders. Already, several companies – led by Bitwise, Canary Capital, WisdomTree, and 21Shares – have filed for a spot XRP ETF with the US SEC. As a result, Polymarket users believe there is a 70 percent chance the US SEC will approve a spot XRP ETF in 2025. Additionally, Polymarket users believe that there is a 52 percent chance that the US SEC will approve a spot XRP ETF by July 31, 2025. Market Impact Following the renewed demand for XRP among institutional investors, the market value is expected to continue rising in the coming months. Furthermore, XRP’s monthly Relative Strength Index (RSI) has surged above 80 percent for the first time since November 2017 but has yet to reach a peak of around 90 percent. Additionally, the XRP/BTC has already rallied above the crucial multi-year resistance level, suggesting rising cash rotation from Bitcoin to XRP. Bigger Picture Since the 2023 ruling by Judge Analisa Torres, which concluded that XRP sales to retail investors do not constitute investment contracts, the demand for XRP among institutional investors has significantly surged. Furthermore, Ripple Labs has made deliberate moves to improve the mainstream adoption of XRP via the web3 ecosystem . For instance, Ripple Labs recently launched a fiat-backed stablecoin to supplement its cross-border operations. The blockchain payment company has also introduced smart contracts to the XRPL network, thus increasing its overall on-chain activities. FAQs What is XRP? XRP is a digital currency used for fast, low-cost international payments, powered by Ripple Labs’ blockchain network. Why is XRP going up? XRP’s rise is fueled by increased institutional demand, the growing altseason, and optimism around a potential spot XRP ETF approval in 2025. How High Can XRP Go XRP could continue rising as institutional adoption increases, but its price will depend on market conditions and regulatory developments. Is XRP a Good Investment XRP shows strong growth potential due to increased institutional interest and a likely spot ETF approval, but as with any investment, risk remains. How Much Is XRP Right Now The XRP price today is $ 0.01341258
South Korea’s leading cryptocurrency exchange Bithumb has announced the addition of Dkargo (DKA) and ChainBounty (BOUNTY) to its KRW market. Bithumb Announces Listing of DKA and BOUNTY on KRW Market Trading of these two assets will begin on Friday, January 17, 2025 at 17:00. Listing Details Dcargo (DKA): Market: KRW Network: Ethereum (other networks not supported) Trading Start: January 17, 2025, 17:00 (KST) Starting Price: 40.74 KRW Approval Requirement: 33 approvals ChainBounty (BOUNTY): Market: KRW Network: Arbitrum One (other networks not supported) Trading Start: January 17, 2025, 17:00 (KST) Starting Price: 126 KRW Approval Requirement: 30 approvals Deposit and Withdrawal Information Deposits and withdrawals for both DKA and BOUNTY will be enabled within three hours after the official announcement. To celebrate the listings, Bithumb will be holding an airdrop event: Trade DKA or BOUNTY for two consecutive days to receive additional tokens. Net deposits in DKA or BOUNTY will also be rewarded with bonus tokens. About Projects Dcargo (DKA): Dkargo is a blockchain-powered logistics platform designed to address inefficiencies and trust issues in the logistics industry. Leveraging blockchain technology, Dkargo aims to provide transparent and reliable information across all stages of the logistics process, promoting efficiency and trust among stakeholders. ChainBounty (BOUNTY): ChainBounty is a Web3-based platform that rewards users for reporting cybercrime information. Using Layer 2 solutions, the platform ensures transactions are processed quickly and efficiently while encouraging community participation in crime prevention and increased security. *This is not investment advice. Continue Reading: Bitcoin Exchange Bithumb Announces Listing of Two New Altcoins on Spot Trading Platform!