The change in SEC leadership could cement XRP's non-securities status.
Stablecoin issuer Tether, in collaboration with a leading cryptocurrency exchange, has announced plans to execute a $1 billion USDT chain swap. The swap will transfer the stablecoin from other blockchains to the Tron network, facilitating enhanced interoperability across supported chains. Details of the Tether USDT Chain Swap to Tron Network On January 6, Tether revealed via its X account that it is coordinating with a top third-party exchange to move $1 billion worth of USDT. The swap will involve transferring a portion of the stablecoin held in cold wallets to the Tron blockchain. Tether’s stablecoin, USDT, is currently available on multiple blockchains, including Ethereum, Solana, and Tron. The issuer clarified that the process will not alter the total USDT supply but will ensure that liquidity is optimized across various networks. This mechanism enables traders and users to leverage their assets on any blockchain supported by the crypto firm. Meanwhile, the stablecoin issuer recently joined the bandwagon of firms increasing their Bitcoin reserves, adding 7,629 BTC worth $705.25 million. The funds, transferred from Bitfinex after nine months of dormancy, bring Tether’s total Bitcoin holdings to 82,983 BTC. Acquired for $2.99 billion, these holdings are now valued at $7.68 billion, reflecting its growing Bitcoin strategy. USDT’s Dominance in the Stablecoin Market Additionally, USDT continues to dominate the stablecoin sector with a market capitalization exceeding $137 billion. Its primary use cases include payments, trading, and cross-border transactions. The stablecoin reports a 24-hour trading volume of $107 billion, reflecting a 69% rise in trading activity. In comparison, USDC, the second-largest stablecoin by market cap, trails with a $45.8 billion market cap and a 24-hour trading volume of $7.1 billion. Tether’s ability to maintain stability pegged to the U.S. dollar has made it an essential tool for traders seeking to avoid volatility in the crypto market. However, despite the growing dominance, Bitcoin critic Peter Schiff has accused Tether of market manipulation following its recent 7,629 BTC purchase. Schiff claimed that the stablecoin issuer mints USDT “out of thin air” to acquire Bitcoin, likening it to quantitative easing. While Tether backs USDT with reserves and conducts audits, Schiff continues to question its practices. Role of Chain Swaps in the Crypto Ecosystem Chain swaps play a crucial role in the cryptocurrency ecosystem by enabling seamless asset transfers between blockchains. This allows users to access liquidity and trading opportunities across multiple blockchains, enhancing market efficiency. The stablecoin issuer decision to facilitate a chain swap to Tron underscores its commitment to maintaining liquidity across supported networks. The Tron blockchain remains one of the primary platforms for USDT, driving substantial trading activity. Despite its dominance, the stablecoin issuer has faced challenges in maintaining its market cap. The introduction of the European Union’s Markets in Crypto-Assets (MiCA) regulation last December impacted the stablecoin’s overall market performance. The post Tether Plans $1 Billion USDT Chain Swap to Tron Network, Here’s All appeared first on CoinGape .
Meme coins have long been driven by internet hype, but now they are facing increasing competition from utility tokens like 1Fuel in the crypto space. Some top meme coins are Dogecoin (DOGE) and Pudgy Penguins (PENGU), but they are now overshadowed by 1Fuel. 1Fuel is now in its presale stage, and allows investors to purchase the OFT token at a very low price before the value goes up by 100x in 2025. But why is 1Fuel a strong competitor to these meme coins? Continue reading to learn why 1Fuel is attracting the attention of savvy investors. Meme Coins Face Strong Competition in the Crypto Space Dogecoin, known as the largest meme coin by market cap, has seen an impressive growth. It is currently valued at $0.3877, which is a major 383.87% increase from 2024. Similarly, Pudgy Penguins (PENGU) has reached a value of $0.04211. The value skyrocketed by an impressive 742.40% in 2024 alone. There’s a lot of optimism around DOGE investors since analysts predict it would reach the $1 mark. As for PENGU, its predictions go between $0.086 and $0.1 by the end of the year. Both tokens are easily stored on well-known platforms like MetaMask and Trust Wallet. Despite their impressive growth potential, meme coins like DOGE and PENGU face strong competition from utility tokens in the crypto space. These meme coins rely heavily on social media trends and internet hype, which do not provide sustainable long-term growth. Due to this, smart investors consider utility tokens as top cryptocurrencies to invest in. Why 1Fuel Offers an Edge in DeFi Innovation 1Fuel OFT is one of the tokens challenging the dominance of meme coins in the crypto space. One of 1Fuel’s top features is its cross-chain transaction capability, which allows you to easily interact with different blockchain networks from a single wallet. This makes it stand out from other top platforms like MetaMask and Trust Wallet as one of the best cryptocurrencies to invest in. 1Fuel is highly committed to user privacy, as it features an inbuilt mixer that keeps all transactions confidential. This is unlike many platforms like MetaMask and Trust Wallet, which offer limited privacy features. With these innovations, 1Fuel is quickly becoming one of the top utility tokens in the market, setting the stage for long-term growth. Investors Rush to Secure 1Fuel from its Presale As meme coins like DOGE and PENGU face increased competition, investors are turning their attention to 1Fuel . It is now in its presale stage and offering the token at its lowest-ever price of $0.012. With the presale already surpassing the $1 million mark and over 114 million tokens sold in record time, it’s clear that investors are highly confident in the token’s future. The presale’s rapid success speaks volume about investor enthusiasm, making it one of the top utility tokens. With its DEX wallet features standing out among platforms like MetaMask and Trust Wallet, 1Fuel has become a standard tool for interacting with blockchains. The Crypto Space Leans Towards from 1Fuel As the 1Fuel live presale progresses, more and more investors are taking advantage of this opportunity to secure their stake before its public release. The crypto space is leaning towards 1Fuel, and investors can take advantage of this enticing opportunity before it's too late. To Find Out More About The 1Fuel Presale Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X: https://x.com/1Fuel_ Disclaimer: This is a sponsored press release 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.
Unlike previous generations, Gen Beta will grow up in a world where generative AI is ubiquitous and edging closer to singularity.
Indonesia has officially joined BRICS as a full member, according to an announcement by Brazil’s government on Monday. This makes the Southeast Asian giant the latest addition to the coalition of emerging economies, which now consists of Brazil, Russia, India, China, and South Africa, alongside newer members like Egypt, Ethiopia, Iran, the UAE, and Saudi Arabia. Indonesia had been eyeing the group for years, pushing to become part of its mission to challenge Western-dominated systems and amplify the voice of the Global South. The approval came in 2023 during the BRICS summit in Johannesburg, but Indonesia, waiting for political stability after its presidential elections, delayed formalizing its membership. Now, with President Prabowo Subianto in charge since October, the timing finally lined up. BRICS grows stronger with Indonesia on board BRICS has been on an expansion spree. Together, the countries represent 37.3% of global GDP based on purchasing power parity (PPP) and are home to over 3.3 billion people. With Indonesia in the fold, BRICS now boasts some of the fastest-growing economies on the planet, along with a ton of political and economic clout. Indonesia’s economy is valued at over $1 trillion, and its role in trade, manufacturing, and natural resources makes it a valuable player for the bloc. Adding to this, Indonesia has been vocal about its support for BRICS’ goals of reforming global governance systems. The statement from Brazil summed it up like this: “Indonesia contributes positively to the deepening of cooperation in the Global South.” The de-dollarization agenda BRICS has been working overtime on de-dollarization, to cut ties with the U.S. dollar in trade and financial transactions. One major piece of the puzzle is the “BRICS Bridge,” a blockchain-powered payment system in development. Think of it as an alternative to SWIFT, designed to allow member countries to settle trade using their own central bank digital currencies (CBDCs). For BRICS, blockchain is a weapon. You see, they’re considering creating a new reserve currency, the “Unit,” backed by a basket of member currencies and possibly gold. India has already been leading the charge in local currency trade agreements. The country has sealed deals with 22 nations, allowing trade in domestic currencies instead of the dollar. This strategy has picked up steam as sanctions on countries like Russia push them to look for financial workarounds. Still, there’s a long road ahead. Critics say the dollar’s dominance isn’t going to crumble overnight, no matter how hard BRICS tries. Internal issues like fluctuating currencies, economic disparities, and logistical challenges could slow the pace. But BRICS doesn’t seem to care. Putin, Trump, and BRICS Here’s where things get even messier. Vladimir Putin’s Russia has been one of the loudest voices in BRICS, pushing hard for de-dollarization. But now there’s a new wildcard on the table: Donald Trump. His return to the U.S. presidency is expected to shake things up, especially for Russia’s economic plans and BRICS’ overall strategy. Let’s break it down. Trump’s administration has always been unpredictable when it comes to Russia. While there’s speculation that Trump might seek to cool tensions with Moscow, many in his camp favor tougher sanctions. If Trump doubles down on economic warfare, it could isolate Russia from Western financial systems even more, making BRICS’ de-dollarization efforts even more critical. For Putin, BRICS is a lifeline. Russia’s economy has been battered by sanctions, with inflation soaring to nearly 30% last year and the ruble losing 33% of its value since August 2024. Oil revenues, once the backbone of Russia’s economy, have plummeted. Daily earnings from fossil fuels have halved since 2022, while Ukraine’s decision to cut off transit rights for Russian gas to Europe has cost Moscow another $5 billion annually. Despite these setbacks, Russia has been doubling down on BRICS. For the rest of BRICS, the dynamic between Trump and Putin matters. If Russia faces tighter sanctions, it could accelerate BRICS’ push for alternative financial systems. On the flip side, if Trump opens up new opportunities for Russia, it could give the bloc more breathing room to focus on its long-term goals. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Vendors of exchange-traded funds are crafting lucrative deals to appeal to investors and drive them closer to the cryptocurrency craze. With several ETFs lined up for launch in 2025, each firm is trying to put its best foot forward to appear on top of the chain. In submissions made to the US Securities and Exchange Commission towards the end of 2024, very lucrative offers would excite investors. One of the unique proposals was an ETF from ProShares that would denote the S&P 500’s return in Bitcoin. Besides, funds managed by Strive Asset Management and REX Shares will enable convertible bonds by companies to purchase Bitcoin. Volatility Shares, an ETF firm, hopes to trigger Solana funds with a vessel that tracks it using futures products. As more launches are anticipated, there are deliberate attempts to incorporate crypto strategies into ETFs . Most of these scenarios will be in play in 2025 because crypto is currently the hot thing, and issuers love to drop them when the theme is on fire. Crypto ETFs are gaining traction out of their one-year existence The US Bitcoin ETF and Ethereum ETF were only approved and launched last year. If the SEC approves all the filed applications for crypto ETFs, there will be more than a dozen crypto ETFs in 2025. Cryptocurrency enjoyed a good ride in 2024, with Bitcoin growing more than 120% to trade above $100,000. The surge could be attributed to the US President-elect, Donald Trump, who has openly embraced cryptocurrency. The Trump administration is expected to loosen its regulatory stance regarding crypto, making digital assets grow accordingly. The excitement surrounding Trump’s election helped to push annual inflows for the biggest Bitcoin ETF . BlackRock rose above $37 billion for the year, ranking third among all funds. Corporates are using a mix of new equity and sales of convertible bonds to buy more crypto Some of the strategies that may dominate 2025 began last year. For instance, MicroStrategy co-founder Michael Saylor leveraged the surging crypto prices to double down on his Bitcoin purchase tactics, acquiring large tokens for its company reserve. The firm has used both new equity and sales of convertible bonds to help sponsor its crypto buying. Other entities have also laid down plans for their firms based on MicroStrategy’s style. Fillings from REX ETF indicate that the firm wants to invest most of its assets in convertible bonds from companies that deal in Bitcoin. Also, according to paperwork filed last week, Strive is proposing to launch a fund that invests in derivatives such as swaps and options to get exposure to convertible securities issued by MicroStrategy or other companies with similar investment strategies. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Vitalik Buterin sold significant amounts of meme coins, influencing market dynamics. His sales spark conversations about the potential impacts on cryptocurrency prices. Continue Reading: Vitalik Buterin Sells Meme Coins: What It Means for the Market The post Vitalik Buterin Sells Meme Coins: What It Means for the Market appeared first on COINTURK NEWS .
Pepe Eats SUI could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Eats SUI (PEPESUI), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPESUI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Eats SUI can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Eats SUI could become the next viral memecoin. Pepe Eats SUI launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Eats SUI on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Eats SUI by entering its contract address – 2bHEDqPL1Y163dismYu4Ft3UT6Dbet9YwjHggGPoVje7 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESUI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Evaluating Ethereum, XRP, Rollblock, Solana, Pepe, and Shiba Inu as the best cryptos to buy in 2025. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Evaluating Ethereum, XRP, Rollblock, Solana, Pepe, and Shiba Inu as the best cryptos to buy in 2025. Table of Contents Rollblock gaining attention during presale Ethereum tipped to reclaim $4000 XRP slightly declines amid market downturn Shiba Inu suffers with most speculative crypto Solana demonstrates potential Pepe diminishes after a bullish Q4 Conclusion The recent cryptocurrency decline drew parallels to the market dynamics of December 2020. During that period, the dip in prices preceded a historic altcoin rally in Q1-Q2 of 2021, when several assets surged to unprecedented highs. If the 4-year cycle theory holds true, the recent downturn may be setting the stage for another explosive bull run. Ethereum, XRP, Shiba Inu, Solana, Pepe, and Rollblock are all positioned to benefit from this potential resurgence. Rollblock gaining attention during presale Rollblock aims to transform the play-to-earn iGaming sector with its state-of-the-art casino platform that combines strong fundamentals, attractive incentives, and unparalleled growth potential. The platform will have an extensive catalog of over 7,000 games, offering a diverse range of options, from classic favorites like blackjack and poker to cutting-edge blockchain-based titles. Recently, Rollblock expanded its offerings by introducing sports betting, solidifying its position as a leader in the rapidly growing GambleFi market. Security is a top priority for Rollblock, which leverages advanced encryption technologies and AI-powered safeguards to create a transparent and secure environment for both players and investors. The platform’s credibility is further bolstered by its recent SolidProof audit and licensing by Gaming Arjun, establishing its legitimacy as it approaches a highly anticipated bull run ahead of its official launch. One of Rollblock’s standout features is its revenue-sharing system. Up to 30% of weekly profits will be reinvested into token buybacks, with 60% of these tokens burned to reduce supply and drive scarcity. The remaining tokens will be distributed to investors as staking rewards, fostering a loyal community and enhancing RBLK’s long-term value. Ethereum tipped to reclaim $4000 Ethereum recently slipped below the critical $4,000 level during a broader market downturn, temporarily halting its December rally, which had been fueled by strong retail interest and record-breaking inflows into Ethereum ETFs. Despite this dip, optimism remains strong. December saw over $1 billion in ETH accumulation, with 104,000 ETH withdrawn from exchanges, signaling growing confidence among long-term holders. Whale wallets now hold 57% of Ethereum’s total supply — the highest concentration in the platform’s history — demonstrating substantial support from major players. Market analysts anticipate a swift recovery, with Ethereum poised to reclaim the $4,000 mark and potentially surpass its all-time high of $4,891 as early as Q1 2025. As the market stabilizes and the anticipated “alt season” begins in January, Ethereum is set to maintain its leadership position. Its dominance in DeFi, coupled with rising institutional interest and increased whale activity, reinforces Ethereum’s role as a cornerstone of the crypto market and a key player in the next bullish wave. You might also like: Here are the expected bull market top prices for XRP, Solana and Rollblock XRP slightly declines amid market downturn In Q4 of 2024, XRP became one of the standout performers in the cryptocurrency market, surging over 400%, fueled by speculation surrounding Gary Gensler’s rumored resignation and the pro-crypto sentiment anticipated from Donald Trump’s incoming administration. Adding to the bullish sentiment were whispers of an XRP ETF launch targeted for 2025-2026. However, the mid-December market correction put downward pressure on XRP, weakening its performance on both daily and weekly charts. Despite the short-term decline, XRP has demonstrated notable resilience compared to many altcoins. This relative strength is supported by Ripple’s strategic initiatives, including the launch of the RLUSD stablecoin, which enhances XRP’s utility within the ecosystem. Analysts predict that as Bitcoin dominance eventually cools off, XRP could see a significant influx of new capital, setting the stage for another rally and maintaining its optimistic long-term outlook. Shiba Inu suffers with most speculative crypto After reaching $0.000033 and sparking renewed investor interest earlier in Q4, Shiba Inu has faced a challenging period, declining by over 20% in the past month. This drop coincided with Bitcoin’s price correction below $90,000, which placed additional downward pressure on speculative assets. Despite these setbacks, Shiba Inu demonstrates resilience and ongoing community support. A recent 1,068% spike in the burn rate resulted in the destruction of over 51.7 million tokens, which highlights efforts to reduce supply. Additionally, Shibarium’s total value locked (TVL) has seen an explosive increase of 850% since September, reflecting the growing utility and adoption of Shiba Inu’s Layer 2 solution. At the time of writing, 64% of Shiba Inu holders were in profit, suggesting solid investor confidence even amidst broader market turbulence. As a leader in the meme coin sector, Shiba Inu retains its position as a dominant player, buoyed by its strong community and expanding ecosystem. You might also like: Crypto price forecasts for 2025: Ethereum, Solana, Dogecoin and more Solana demonstrates potential Solana’s resilience and innovation continue to shine. The blockchain’s unprecedented 66.9 million daily transactions underscore its dominance in the layer-1 ecosystem, outpacing the combined activity of major competitors. This performance reflects Solana’s speed, cost efficiency, and scalability, solidifying its reputation as an attractive alternative to Ethereum. Notably, Solana’s Brazilian transaction volumes recently surged to nearly $84 million, further showcasing its growing global adoption. Looking ahead, analysts have identified Solana, alongside XRP, as a leading candidate for spot ETF approval in 2025. While potential classification as securities poses regulatory hurdles, analysts anticipate that Solana ETFs could soon join Bitcoin and Ethereum ETFs as mainstream investment vehicles, presenting significant upside for the ecosystem and its native SOL token. Pepe diminishes after a bullish Q4 Pepe has firmly established itself as the third-largest meme coin, fueled by tier-1 exchange listings and renewed retail interest, which triggered a series of impressive rallies earlier in the cycle. Adding to this bullish momentum was notable whale activity, including a massive $52 million transfer from a wallet that had been dormant for 600 days, signaling renewed confidence in Pepe’s potential. However, mid-December market turbulence weighed heavily on Pepe, aligning with broader meme coin declines. On both daily and weekly charts, Pepe invalidated key bullish patterns, prompting “smart money” holders to reduce their positions. The tracked holdings of Pepe fell from 8 trillion to 7.5 trillion tokens, indicating a bearish sentiment in the short term. Despite these challenges, analysts believe Pepe’s long-term outlook remains optimistic, as meme coins are likely to rebound during the anticipated altcoin season in Q1-Q2 2025. Pepe’s strong community backing and established position in the meme coin sector suggest it could recover and maintain its relevance in the next market cycle. Conclusion The recent market correction aligns with historical patterns observed in previous cycles and is far from bearish when viewed in context. Corrections like this often set the stage for a robust recovery, especially for large-cap juggernauts such as Ethereum, XRP, Shiba Inu, Solana, and Pepe. Additionally, emerging projects like Rollblock are carving out their own space, offering investors a chance to capitalize on niche market opportunities. Currently valued at $0.0445 in its ninth presale phase, RBLK stands out as a promising entry for those looking to invest in the evolving iGaming sector. Rollblock’s approach to decentralized gambling platforms, combined with its solid fundamentals and rapidly growing user base, positions it as a top contender for substantial growth. With gaming markets expected to rebound in 2025, the potential for 100x gains is a realistic projection for early adopters. For more information on Rollblock, visit their website or socials . Read more: 5 cryptos to watch in 2025: XRP, ADA, RBLK, SHIB, and SOL Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.