The post SoSoValue Donated $4.7 Million to 47T Foundation for Strategic Airdrop echoing Pro-Crypto Vision of the 47th U.S. President appeared first on Coinpedia Fintech News January 25, 2025 – The 47T Foundation, a non-profit organization aligned with U.S. President Donald J. Trump’s efforts to grow the crypto industry, will keep the inauguration party going with a celebratory airdrop. With Trump’s inauguration, the 47T Foundation reaffirms its commitment to the transformative potential of cryptocurrencies. The foundation envisions a future where the global cryptocurrency market exceeds $47 trillion and is dedicated to making this vision a reality. This aspiration aligns perfectly with SoSoValue’s mission, whose generous $4.7 million donation underscores its steadfast support for this shared goal. To commemorate President Trump’s victorious return to Washington and his enthusiasm for cryptocurrencies, the 47T Foundation will distribute $4.7 million worth of MAG7 index tokens (comprising the top 7 tokens in terms of market capitalization such as BTC, ETH, SOL, etc) donated by SoSoValue . These tokens have been donated by SoSoValue, creator of the SoSoValue Index . The first tranche, valued at $1 million , will be available for claim starting January 29, 2025 on the SoSoValue official website . Holders of $ETH, $AAVE, $LINK, $ONDO, and $ENA tokens can participate in the Season 1 airdrop, and individuals are in line to receive as much as $47,000 in Trump Rewards celebrating America’s 47th President. Further details about the airdrop and how to claim tokens can be found at [ ssi.sosovalue.com/giveaway ]. “Donald Trump is the first-ever ‘Crypto President,’ and we fully support his pro-crypto stance,” said a spokesperson for the 47T Foundation. “This is going to be the catalyst that finally accelerates mass adoption after years of regulation by enforcement under the previous administration led to America falling behind the rest of the world.” Trump’s early belief in cryptocurrency’s transformative power made him the first U.S. President to speak at a crypto conference, earned record-breaking donations from pro-crypto supporters, and led to bold actions like pardoning Silk Road founder Ross Ulbricht and proposing a U.S. strategic crypto reserve. His leadership marks a turning point, paving a bold new path for crypto mass adoption. This embrace of digital assets has garnered near-unanimous support from the industry. The Foundation believes this series of airdrops will help further catalyze adoption towards a global cryptocurrency market capitalization that exceeds $47 trillion, and is dedicated to accelerating the realization of this goal. The 47T Foundation invites everyone to join its vision of a dynamic future driven by blockchain innovation and community engagement. This airdrop, and the donation making it possible, is a testament to the Foundation’s dedication to spreading the benefits of cryptocurrency and ensuring a brighter, decentralized tomorrow. This is reflected in the projects selected for the initial airdrop. About the 47T Foundation The 47T Foundation is committed to driving the adoption and growth of blockchain technology by supporting believers, innovators, and builders in the cryptocurrency space. With a mission to reshape global finance and empower humanity, the Foundation envisions a thriving crypto industry reaching new heights, fostering innovation, and driving positive change. To learn more, visit: 47tfoundation.org About SoSoValue SoSoValue is an AI-powered investment and research platform revolutionizing crypto investing. By seamlessly integrating the power of AI, the efficiency of centralized finance (CeFi) with the transparency of decentralized finance (DeFi), SoSoValue leverages advanced technology to provide investors with actionable insights and streamline portfolio management for sustainable growth. The platform has attracted over 8 million users in just one year. Backed by $15 million in Series A funding, co-led by HSG and SmallSpark, SoSoValue aims to create a long-term accessible and equitable financial future for all. To learn more, visit www.sosovalue.com ; or join the community: Twitter/X: https://www.x.com/sosovaluecrypto Telegram: https://t.me/SoSoValueCommunity YouTube: https://youtube.com/@sosovalue
The post Breaking Bad Star Dean Norris’ X Account Hacked to Promote $8M Memecoin Fraud appeared first on Coinpedia Fintech News A social media attack created extensive chaos across the crypto realm after Dean Norris known for his role as Hank Schrader in Breaking Bad became the next victim of X account compromise . Hackers used Dean Norris’ Twitter account to spread propaganda for $DEAN memecoin which became the focus of a standard pump-and-dump fraud. The attackers stole compromised media content from Norris’ X account to create bogus videos and photos where he endorsed the cryptocurrency on January 26. Social media users saw Norris in a photo holding the “$DEAN” sign with its official launch date. A deepfake video appeared to humanize Norris as he verified the fictional meme token’s viability. The blockchain tracking service DexScreener showed $8.43 million peak market capitalization for $DEAN during its peak on January 25. During that period of viral marketing, the token peaked. However, the price dropped dramatically after Norris recovered his compromised account and took a public stance against the fraudulent purpose of $DEAN. Norris’ furious response Norris used a video followed by social media posts to denounce the incident which he titled “I WAS HACKED!!! ALL A FAKE SCAM!!” ALL A FAKE SCAM!!” The actor pointed his anger towards Reddit users while shouting “Go [expletive] yourselves” in his message. The actor explained he doesn’t spend much time on X and first learned about the hack through his friends’ warnings. The security breach marks one of multiple attacks aimed against Norris’ cryptocurrency accounts. Last year someone hacked his profile to promote a fake memecoin scam that utilized his identity. The rise of celebrity account takeovers and fake crypto promotion campaigns have threatened to damage the crypto industry’s credibility to severe levels. Last week Nasdaq’s X account was compromised to promote meme coin. The problem of determining real endorsement authenticity from fake ones has become difficult due to deepfakes alongside complex social engineering tactics.
The post Why Did Brazil Ban Worldcoin’s Iris Scan Payments? Unpacking the Legal Challenges appeared first on Coinpedia Fintech News OpenAi CEO Sam Altman’s Tool for Humanity met another tough hurdle. This time, it was Brazil, which blocked Altman’s effort to create a global identity system. Brazil’s data protection authority ANPD, expressed suspicion about the way the organisation processes data, and demanded more transparency in that area. What does the organisation have to say about Brazil’s move? Would they be able to overcome this? Brazil Bans Iris Scan Payments The Brazilian government banned the operation of Tools of Humanity in the country. ANPD had launched an investigation into the organisation in November, 2024. The ban came as the culmination of this investigation process. Why Brazil Took This Step? Primarily, the government rejected the idea of paying financial compensation to people in exchange for their biometric data, highlighting its potential to interfere with their free expression of will. Additionally, expressing concerns about the way the organisation processes data, the government called for greater transparency in the data processing framework. Response from Tools for Humanity Denouncing all the allegations levelled against Tools for Humanity, the organisation asserted their commitment to the Brazilian legal framework. They lashed out at people spreading fake information about the project on social media platforms. Expressing their genuine interest in providing their service to Brazilaians, they revealed their plan to approach the Brazilian data protection agency as an effort to convince them of the significance of their project. Sam Altman’s Tools for Humanity aims to create a global identity system by scanning irises in exchange for crypto rewards and digital IDs. Brazil is not the first country that has placed a hurdle before the project. Earlier, Spain and Portugal rejected it, highlighting similar reasons. Worldcoin Price Plunge The market cap of Worldcoin stands at $1,807,681,861, and its 24-hour trading volume remains at $260,968,573. In the last 30 days, the market has dropped by at least 12.4%. In the last 24 hours alone, it has slipped by at least 9.7%. Currently, its price is at $1.89. In conclusion, Brazil’s decision to ban Tools for Humanity underscores the growing tension between innovation and data protection. With allegations of transparency issues, the organisation now faces a challenge to rebuild trust with regulators and users. As the global debate on biometric data collection continues, all eyes remain on Tools for Humanity’s next steps in Brazil.
Asia-Pacific markets trade mixed on Monday, dampened by disappointing PMI data from China. Investors also remain cautious about the potential impact of Trump’s tariff policies, with attention also on the Federal Reserve’s decision this week. Japan ( NKY:IND ) fell 0.84%. The Japanese yen strengthened to around 155.6 per dollar on Monday, extending gains from the previous two weeks after hawkish signals from the Bank of Japan. Japan’s leading economic indicators index, which gauges the economic outlook for the coming months based on data such as job offers and consumer sentiment, was revised higher to 107.5 in November 2024, up from 107.0 in preliminary estimates and following a three-month high of 109.1 in October. The index of coincident economic indicators in Japan, which includes data such as factory output, employment, and retail sales, stood at 115.4 in November 2024, a bit higher than the flash estimate of 115.3 but below October's five-month peak of 116.8. China ( SHCOMP ) rose 0.17% to above 3,260, while the Shenzhen Component dropped 0.6% to 10,230 as investors digested disappointing economic data, and the offshore yuan weakened to around 7.26 per dollar, reversing gains from the previous session as investors reacted to disappointing PMI data. Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States. Chinese manufacturing contracted for the first time since September last year, marking the steepest decline in five months, while services growth sharply slowed from a nine-month-high. A surge of 11% y/y in Chinese industrial profits for December also buoyed sentiment, as it marked the first rise since July, even as they recorded the third consecutive year of drop. China's fiscal revenue grew 1.3% y/y in 2024, easing sharply from a 6.4% rise in 2023 due to slowing domestic demand and a slump in the property market. On a more positive note, China introduced new initiatives on Sunday aimed at boosting the growth of equity and bond ETFs, as part of its broader efforts to support the struggling stock market. Hong Kong ( HSI ) rose 0.95% to 20,254 around noon on Monday, increasing for the second session and notching their highest level in two weeks as all sectors gained. India ( SENSEX ) fell 1.01% to 75,527 while hitting its lowest level since early June 2024 in morning trade on Monday, retreating for the second straight session amid disappointing Q3 earnings results, ongoing foreign outflow, and uncertainty in US trade policy. Australia ( AS51 ) market closed. Domestically, investors are looking ahead to Australia’s quarterly inflation report this week, which could bolster expectations for a rate cut from the Reserve Bank of Australia in February. In the U.S., on Friday, all three major indexes ended mostly flat as markets paused after a week of gains to digest mixed corporate earnings and policy signals from President Trump. Meanwhile, Trump’s threat to impose tariffs and sanctions on Colombia added fresh concerns to global trade. U.S. stock futures dropped on Monday as investors prepared for a busy week of earnings reports from major companies: Dow -0.54%; S&P 500 -1.17%; Nasdaq -2.20%. Traders prepared for the Federal Reserve's upcoming monetary policy decision this week. Investors are also eyeing the upcoming PCE price index report, the Fed’s preferred inflation gauge, for clues on future policy direction. Four of the seven firms in the "Magnificent 7" are set to release quarterly results, including Tesla, Meta Platforms, and Microsoft on Wednesday, followed by Apple on Thursday. Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ). More on Asia: Japan’s core inflation rate surges to 16-month high of 3% in December Bank of Japan raises policy rate to 0.5%, highest since 2008 amid sustained inflation and rising wages Japan's manufacturing PMI contracts in Jan, services sector growth hits four-month high Trump says he’s thinking of imposing 10% tariffs on China in February With Chinese stocks under scrutiny as Trump takes office, here are SA's top 10
Ethereum’s institutional appeal continues to grow, as ETFs and staking participation soar, outpacing Bitcoin’s dominance. Ethereum ETFs attract over $5 billion in inflows, signaling growing institutional confidence. This remarkable milestone
Crypto markets are deep in the red this Monday morning in Asia, and key economic data from the US this week could rattle them further. Markets reacted positively following Donald Trump’s inauguration last week, with a new all-time high for Bitcoin on Jan. 20, but things appear to be unraveling at the moment. President Trump also pledged to demand Federal Reserve rate cuts following potential declines in oil prices. However, the likelihood of success remains uncertain. “Meanwhile, we are just six days out from the February 1st tariff start date Trump set last week,” cautioned the Kobeissi Letter. Economic Events Jan. 27 to 31 Consumer Confidence data will be released on Tuesday, and the first Fed meeting of 2025 will take place on Wednesday. This may offer some insight into monetary policies going forward under a new administration. Thursday, we will see the fourth quarter GDP Growth Annualized advance estimate. This report provides early insight into changes in GDP, and economists project that the pace of growth slowed to 2.7% from 3.1% in the third quarter. A higher-than-expected reading could further weigh on the expectations for Fed rate cuts, while a lower-than-expected reading could provide the central bank with data to support rate reductions. December’s Core Personal Consumption Expenditures (PCE) report is due on Friday. This data reflects the average amount of money consumers spend monthly and is used by Fed policymakers as a primary gauge of inflation. Key Events This Week: 1. December New Home Sales data – Monday 2. CB Consumer Confidence data – Tuesday 3. First Fed Meeting of 2025 – Wednesday 4. Q4 2024 GDP data – Thursday 5. December PCE Inflation data – Friday 6. ~20% of S&P 500 companies report earnings Are you… — The Kobeissi Letter (@KobeissiLetter) January 26, 2025 It is also a big earnings week for tech giants, with ‘Magnificent 7’ beginning to report revenues. Microsoft, Meta Platforms, and Tesla are scheduled to publish theirs on Wednesday after the close, with Apple reporting revenue on Thursday. Crypto Market Tanks Crypto market capitalization has dumped 5.3% over the past six hours, with $175 billion leaving the space, sending it down to $3.56 trillion. Over the past 24 hours, 228,000 traders were liquidated with total wrecked positions at $615 million, according to Coinglass. Bitcoin led the drop, falling a little over 5% to just under $100,000 at the time of writing during the Monday morning Asian trading session. Ethereum has fared worse as usual dropping more than 6% over the past few hours to $3,100. The altcoins were a sea of red with larger losses for Solana (SOL), Dogecoin (DOGE), and Sui (SUI). The post How Will This Week’s US GDP and Inflation Data Shake Crypto Markets? appeared first on CryptoPotato .
Analyst Pentoshi predicts a $1 trillion market for real-world assets in crypto. Tokenization will make investments more accessible and fractional ownership possible. Continue Reading: Analyst Predicts Massive Growth of Crypto Sector with Real-World Asset Tokenization The post Analyst Predicts Massive Growth of Crypto Sector with Real-World Asset Tokenization appeared first on COINTURK NEWS .
A top analyst expects more cryptocurrency ETF filings this week
In a recent commentary, Robert Kiyosaki positions Bitcoin alongside gold and silver as “good money,” presenting a challenge to the traditional US dollar. He emphasizes that Bitcoin’s increasing value correlates
After the quiet weekend, in which BTC stood primarily around $105,000, the asset’s price movements have turned sour, and it slumped to a weekly low of under $100,000. The altcoins have bled out even more heavily, with massive price declines from the likes of DOGE, XRP, ADA, SOL, and many others. BTCUSD. Source: TradingView Similar to the previous Monday, this one has started quite painfully for the crypto market. As reported over the weekend, bitcoin had calmed at around $105,000 with little to no movements over a 36-hour period. However, the Monday morning Asian trading session began with a nosedive that pushed the largest digital asset from its aforementioned level to a weekly low (for now) of $99,700. This 5% daily drop has harmed the cryptocurrency’s market cap, which has plunged below the coveted $2 trillion mark. The altcoins have felt even more substantial pain within the same period. ETH, which challenged $3,400 a few days ago, has dropped by 7% in a day to $3,100. XRP has slumped below $3 for the first time in a few weeks, BNB is down to $650, ADA has plunged to $0.9, and LINK is at $23. More substantial declines come from the likes of SOL, DOGE, SUI, PEPE, HBAR, SHIB, LTC, APT, AAVE, and others, as all of them are with double-digit losses. CoinGlass’ data paints a violent picture of the aforementioned volatility. The total value of wrecked positions has shot up to well above $600 million on a daily scale and $560 million within the past 12 hours alone. Nearly 230,000 traders have been liquidated, while the largest single wrecked position is a whopping one of $98.46 million. It took place on HTX and involved the BTC/USDT pair. Liquidation Heat Map. Source: CoinGlass The post Bitcoin’s Plunge Below $100K Wipes Out a Single Whale for $100M appeared first on CryptoPotato .