The U.S. Securities and Exchange Commission (SEC) is gearing up to decide on multiple applications for Solana (SOL-USD) and XRP (XRP-USD) exchange-...
One year ago, the Securities and Exchange Commission (SEC) approved spot Bitcoin (BTC) exchange-traded funds (ETFs), marking a transformative moment for the cryptocurrency industry. By the end of 2024, Bitcoin ETFs reached a total of $105.4 billion in net assets, a 262% increase from the $29.38 billion recorded in their debut month. The single largest inflows occurred on Nov. 7, 2024, with investments totaling $1.38 billion. Leading the inflows were BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC funds, which currently hold $52 billion, $19.32 billion, and $19.19 billion in net assets, respectively, according to SoSoValue . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
A popular crypto analyst and trader thinks a wide altcoin season is unlikely in the current market environment. In a new YouTube video, the pseudonymous trader known as The Flow Horse tells his 11,500 subscribers that “there’s not enough money” for altseason to happen right now. “So what it means is there is definitely enough money to go into assets and pump the s*** out of them but at the detriment of other assets. So you can have two people in this market, and one of them has a complete idea of where we are in the market. You could have one person that’s like, ‘This market is ripping. It’s amazing. Altseason.’ And then another person in the wrong assets and they’re thinking it’s the bear market already because they’re in things that have completely retraced and just have no real capital behind them and there’s no more interest in them. So I think dispersion will continue, so the idea of altseason is just like these rotations that are happening and they’ll get more concentrated. But a rising tide just isn’t happening. It’s just not happening. There’s too much garbage and there’s not enough money to go around to lift it.” The analyst is also keeping an eye on the Bitcoin dominance ( BTC .D) chart, which currently sits at 58.53%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Source: The Flow Horse/YouTube Based on the trader’s chart, the metric is up more than 4% in the past six months, indicating that BTC has been rising faster in value than altcoins. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘There’s Too Much Garbage’ – Veteran Analyst Warns There’s Not Enough Money for Altseason To Happen appeared first on The Daily Hodl .
Cardano (ADA) eyes crucial resistance amid 8% price rally
The crypto world is no stranger to playful rivalries, especially when it comes to meme coins. As we approach 2025, the spotlight shines brightly on three major contenders: Shiba Inu (SHIB), Bonk (BONK), and Floki Inu (FLOKI). But amidst this lively competition, a new player—Remittix (RTX)—is emerging, challenging the very essence of what makes a cryptocurrency valuable. Let’s dive into the top meme coins to watch in 2025 and see how Remittix stacks up against the hype-driven giants. Shiba Inu (SHIB): The Reigning Champion Shiba Inu (SHIB) has solidified its position as the dominant force among meme coins. With a massive community known as the "SHIB Army," Shiba Inu has maintained its popularity through continuous token burns and ecosystem expansions. According to Cryptwerk, nearly 998 businesses worldwide accept SHIB, primarily among niche internet and crypto service providers. While its utility as a currency is limited due to high volatility and the clunky Ethereum network it operates on, Shiba Inu remains a favorite for its strong community support and consistent market presence. Despite efforts to enhance its functionality with the Shibarium Layer-2 solution, consumer adoption hasn't surged as expected. However, with 589.5 trillion tokens in circulation and a current market cap of around $13 billion, Shiba Inu's established presence ensures it stays at the forefront of the top meme coins to watch in 2025. Simple math makes a $1 price target nearly impossible, but Shiba Inu's resilience and ongoing community initiatives keep it as the top meme coin. Bonk (BONK): Navigating Community and Market Dynamics Bonk (BONK) has been making headlines with its ambitious token-burning events. The recent BURNmas event saw 1.69 trillion BONK tokens—worth over $51 million—removed from circulation, reducing the total supply from 100 trillion to 90.97 trillion tokens. Despite this significant burn, BONK experienced a 7.2% price decline post-event, trading at $0.00002751 with a $2.59 billion market cap. Community sentiment remains mixed, with some investors expressing frustration over the delayed burn execution. This disappointment likely contributed to BONK's recent -19% decline over seven days and a -32% drop in thirty days. As the fourth-largest meme coin, trailing behind Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), BONK faces the challenge of rebuilding trust and strategizing future initiatives to regain its momentum in the competitive landscape of the top meme coins to watch in 2025. Floki Inu (FLOKI): From Meme to Multifaceted Utility Floki Inu (FLOKI) entered the scene in June 2021, inspired by Elon Musk’s tweet about his Shiba Inu dog, Floki. Unlike many meme coins that fade quickly, Floki Inu has managed to sustain interest through its blend of humor and utility. Floki has developed a comprehensive ecosystem that includes projects like Valhalla, an NFT gaming metaverse; FlokiFi, a decentralized finance platform; and FlokiPlace, a marketplace for digital assets. Currently trading at $0.0001644 with a $1.57 billion market cap, Floki has seen recent declines of 17% over seven days and 32% over thirty days. Despite these setbacks, Floki's ongoing developments and community-driven initiatives keep it relevant among the top meme coins to watch in 2025. Its ability to offer real-world applications beyond the meme adds a layer of sustainability that many of its peers lack. Remittix (RTX): Conquering with Utility Over Hype While Shiba, Bonk, and Floki vie for dominance in the meme coin arena, Remittix (RTX) is making waves by focusing on real-world utility rather than relying solely on meme-driven hype. Positioned as a PayFi solution, Remittix aims to revolutionize the $250 trillion global remittance market by providing seamless crypto-to-fiat transactions with zero hidden fees. Why Remittix Stands Out: Comprehensive PayFi Ecosystem: Remittix integrates blockchain technology with traditional banking, allowing users to send crypto, convert it to fiat instantly, and deposit funds directly into bank accounts—all within 24 hours. Strong Presale Performance: Having raised over $2.5 million in just three weeks, Remittix demonstrates significant investor confidence and robust demand. Locked Liquidity and Team Tokens: With 750 million RTX tokens in presale and liquidity pools locked for three years, Remittix ensures long-term stability and trust among investors. Multi-Currency Flexibility: Supporting over 40 cryptocurrencies and 30+ fiat currencies, Remittix provides unmatched flexibility for users globally. Remittix's focus on utility gives it a distinct advantage over meme coins, positioning it as a more sustainable and reliable investment. While Shiba Inu may remain the reigning champion among meme coins, Remittix is set to conquer the broader crypto market with its innovative solutions and practical applications. Conclusion In the battle of the memes for 2025, Shiba Inu (SHIB) is poised to remain victorious among meme coins, thanks to its strong community and market presence. However, Remittix (RTX) is set to outshine the hype-driven competitors with its real-world utility and robust PayFi ecosystem. Alongside Bonk (BONK) and Floki Inu (FLOKI), these top meme coins to watch in 2025 offer a mix of resilience, innovation, and growth potential. For investors looking to balance fun with functionality, Remittix presents a compelling option that could redefine how we view and use cryptocurrencies in the global financial landscape. Don’t miss out on Remittix’s revolutionary journey. Secure Your Remittix Tokens Now Follow Remittix’s Progress Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
DUBAI, UAE, Jan. 14, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce its partnership with Entravel , the leading crypto-native hotel booking platform, to provide users with exclusive access to discounted luxury travel. As part of this collaboration, all Bybit users can enjoy a free membership to Entravel, unlocking extraordinary perks, including heavily discounted hotel rates and seamless booking with digital assets. Bybit Card holders gain even more, with up to an additional 6% discount via cashback on luxury hotel bookings. This initiative is a significant step in Bybit’s mission to integrate crypto usage into everyday life, making it easier than ever for users to trade, invest, and now, travel seamlessly with their digital assets. “Live the Crypto Life. With Bybit Card. Bybit Card continues to broaden the use cases for borderless crypto spending,” said Joan Han, Sales & Marketing Director at Bybit. “We are thrilled to partner with Entravel, simplifying crypto solutions for our users’ travel needs while enriching their experiences with unique benefits. Together, we aim to make Bybit the go-to platform for investing, trading, and enjoying life.” Luxury Travel with a Crypto Twist Entravel’s platform offers more than one million hotels globally, including leading luxury brands, with discounts of up to 60%–70% compared to traditional travel websites. Entravel’s innovative crypto-native, members-only program enables these unmatched savings by sourcing exclusive hotel rates through direct partnerships. Bybit users can effortlessly pay with their Bybit Card , accessing the same ease and convenience as any mainstream travel platform. This partnership empowers users to enjoy their digital assets while creating memorable travel experiences. Don’t Miss Out – Claim Your Free Membership Today The collaboration between Bybit and Entravel is designed to bring unprecedented value to Bybit’s community of over 60 million users worldwide (excluding the EU). Free memberships are now available, but spots are limited. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Binance.US interim CEO Norman Reed has accused the US Securities and Exchange Commission (SEC) of labeling the exchange a “cauldron of fraud” without providing evidence in court. Binance.US CEO Accuses SEC of Baseless Claims, Calls Actions “Operation Chokepoint” Reed alleged that the SEC’s actions, including cutting off Binance.US’s banking relationships and money traffic, were part of a broader strategy to crack down on the crypto industry, commonly referred to as “Operation Chokepoint 2.0.” The SEC filed a lawsuit against Binance.US, Binance Global, and its founder Changpeng Zhao (CZ) in June 2023 following the collapse of crypto exchange FTX. The charges included alleged securities law violations. While Binance Global later reached a $4.3 billion settlement and CZ was sentenced to prison, Binance.US was not part of the settlement and continued to battle the SEC in court. “We will never be able to undo the damage that the SEC has done to us,” Reed said in an interview. Within weeks of the lawsuit, Binance.US lost billions in client funds, thousands of customers and had to lay off 70% of its workforce. The SEC’s accusations spooked corporate partners and led to a flight from banking and operational difficulties. Despite the SEC’s allegations that Binance.US mishandled customer funds and sent money overseas, SEC attorneys admitted in court that there was no evidence of fraud. Debanking and “Operation Chokepoint” Allegations Reed linked the SEC’s actions to a systematic debanking effort targeting crypto firms, which he likened to a covert operation. “The SEC intimidated our partners with subpoenas and criminal charges. Payment processors and banks abandoned us, fearing reputational risk,” Reed said. The term “Operation Chokepoint” has gained traction after figures like Ripple CEO Brad Garlinghouse and a16z’s Marc Andreessen used it to describe regulatory actions aimed at restricting access to banking for crypto businesses. *This is not investment advice. Continue Reading: Binance.US CEO Makes Serious Accusation to SEC: 'We Are Being Subjected to “Operation Chokepoint”!'
Bitcoin’s recent price movements have stirred concerns among traders, but analysts suggest the situation may not indicate a severe downturn. The cryptocurrency has shown resilience as it closed positively after
RLUSD stablecoin volumes have surged 123% in last 24 hours
XRP Lawyer John Deaton commented on a post highlighting Coinbase’s partial win against the U.S. Securities Exchange Commission(SEC)…