According to recent insights from Glassnode, the Short-Term Holder Cost Basis of Bitcoin, currently pegged at $88,000, serves as a critical threshold for evaluating price trends in the cryptocurrency market.
Matt Hougan analyzes possible impacts of a $6.5 billion Bitcoin sale. Peter Schiff doubts the Trump administration will reclaim the Bitcoins. Continue Reading: Matt Hougan Analyzes Potential Impact of $6.5 Billion Bitcoin Sale The post Matt Hougan Analyzes Potential Impact of $6.5 Billion Bitcoin Sale appeared first on COINTURK NEWS .
Coinbase Inc. (COIN) is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data. Copies of the emails shared with some customers have circulated on social-media sites , and those warnings about the U.S. Commodity Futures Trading Commission (CFTC) requests are accurate, the person said. The U.S. derivatives regulator has conducted a drawn-out legal battle with prediction markets firms, and this latest move comes just days before the leadership of the agency will flip from Democratic to Republican when President-elect Donald Trump takes office. "When we receive requests for information from a government, each request is carefully reviewed by a team of trained experts using established procedures to determine its legal sufficiency," a Coinbase spokesperson said in an emailed statement, though the company declined to confirm receipt of the specific subpoena. "Where necessary, we will seek to narrow requests that are overly broad or vague in order to provide a more appropriately tailored response, and in some cases we object to producing any information at all." The CFTC lost an initial case against prediction market firm Kalshi when a U.S. federal judge ruled late last year that the agency couldn't bar the company from listing election contracts. However, the regulator quickly filed an appeal with a higher court, and Polymarket argued in that new legal clash that only Congress can halt election betting . Read More: U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says Neither the CFTC nor Polymarket immediately responded to a request for comment on the effort to gather customer information. On January 20, Trump will reclaim the White House, and he'll be able to appoint a new chairman to replace Rostin Behnam, who has led the CFTC during its lengthy legal dispute with the prediction businesses. The sitting Republican commissioners, Caroline Pham and Summer Mersinger have drawn attention as potential candidates for the open chairmanship, as has former Commissioner Brian Quintenz.
Russia has “started” selling the Bitcoin it seized during a 2023 probe into the Infraud hacker group . The move suggests Moscow hopes to trade over BTC 1,000 for fiat. Per the Russian state-run news agency TASS , the Russian Treasury has “begun the transfer” of the funds. Moscow will initially sell off almost $10 million worth of BTC it seized from the former Russian Investigative Committee investigator Marat Tambiev, the news agency confirmed. Moscow Bitcoin Selloff: Will Russia Sell Entire BTC 1,032 Stash? Tambiev was found guilty of taking a bribe from the hacker group last year. Prosecutors found hundreds of Bitcoin tokens on his computer and storage devices. Marat Tambiev during his trial in Moscow Oblast last year. (Source: Vedemostvo/VK/Screenshot) The former investigator was found guilty of taking BTC 1,032.1 from the group and was jailed for 16 years. However, bailiffs’ efforts to liquidate the entire BTC 1,032.1 have been complicated by legal hurdles. Tambiev appears to have divided the coins into several smaller amounts. This means bailiffs will have to file separate court rulings to grant Moscow access to the coins. Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said was the first of its kind since Russia's invasion of the country in Feb. 2022 https://t.co/kKEhKFPnKr — Reuters (@Reuters) January 9, 2025 Bailiffs have successfully convinced a court to let them sell off the initial $10 million worth of coins. They say Tambiev stored these coins on a Ledger Nano X hard crypto wallet . The news agency quoted “a source familiar with the case” as stating that prosecutors also want to sell off a further cache of Bitcoin “worth several million rubles.” They also hope to sell off “several real estate properties in the Moscow region” and a “Honda motorcycle,” the source claimed. A Russian victory in Ukraine would be far more expensive for the US than the military aid it now provides, the American Enterprise Institute argues in a new report https://t.co/sgOylwnmXD — Bloomberg Markets (@markets) January 9, 2025 Legal Challenges Prosecutors’ efforts to sell off the entire Bitcoin haul have been complicated by legal obstacles and suggestions that Tambiev may have passed some assets to family members. At the end of November 2024, the Prosecutor-General filed a case against Tambiev and his uncle Shagaban Kubanov. It demanded courts allow much of his property “to be sold” to “the state’s benefit.” The office launched a second case on December 20, 2024. In 2023, a court in Nikulinsky ordered bailiffs to seize a record total of BTC 1,032.1 from Tambiev’s computers and other hardware devices. Tambiev is now serving his sentence in a maximum security penal colony. He was also fined 500 million rubles (almost $5 million) and stripped of his rank of major. His former colleague Kristina Lyakhovenko was also found guilty of accepting a bribe. A court jailed Lyakhovenko for nine years. A third individual, the former deputy head of the investigative department for the Moscow’s Tverskoy District, Dmitry Gubin, went into hiding. Police are yet to establish Gubin’s whereabouts. A street in the Tverskoy District of Moscow. (Source: Elisa.rolle [CC BY-SA 4.0]) Prosecutors told the court last year that Tambiev extracted a series of Bitcoin bribes “from 2020 to 2022.” In exchange, Tambiev helped divert police investigations into the group. He also let the hackers hide crypto funds worth “14 billion rubles” ($137 million). In July last year, Marina Odintsova, the head of the Kirov branch of the Association of Lawyers of Russia, spoke of a sharp recent rise in “non-cash” bribery using crypto and other assets . The post Moscow Bitcoin Selloff: Russia ‘Begins to Sell’ Coins Seized in BTC 1,032 Infraud Haul appeared first on Cryptonews .
Crypto industry lobbies for U.S. Bitcoin reserve approval under Trump. Continue Reading: Trump’s Administration Aims to Establish Bitcoin Reserves in the U.S. The post Trump’s Administration Aims to Establish Bitcoin Reserves in the U.S. appeared first on COINTURK NEWS .
The U.S. is taking big steps to include cryptocurrency and financial technology in its official plans. Key leaders like Congressman Bryan Steil, who now heads the Financial Services Subcommittee on Digital Assets, and Senator Tim Scott, are leading the Senate’s first crypto-focused subcommittee. Senator Cynthia Lummis, a strong supporter of Bitcoin, is also set to play a major role. These moves show the U.S. is serious about becoming a global leader in the digital economy while working on clear rules and encouraging innovation. The U.S. government has made efforts to fully implement cryptocurrency and financial technology in the official framework of the government. Crypto takes center stage in U.S. policy The latest examples include Congressman Bryan Steil, who has been selected as the chairman of the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The scope of work includes digital assets, such as Bitcoin, new types of financial technology, and expanding use of artificial intelligence in the financial sector. Senator Tim Scott will be the first leader of a dedicated subcommittee to cryptocurrencies in the Senate, and Senator Cynthia Lummis, a bitcoin advocate, will lead the same. Congressman Andy Barr (KY-06) has been reappointed as Chairman of the Financial Institutions Subcommittee for the 119th Congress. He will oversee financial regulators to ensure balanced rules that support small businesses, expand consumer access to financial services, and promote economic growth. “I am honored to continue serving as Chairman of the Financial Institutions Subcommittee,” said Congressman Barr. “ His leadership focuses on transparency, credit access, and ensuring U.S. financial institutions thrive in a competitive global landscape. The Senate Banking Committee, led by Senator Tim Scott, is creating its first subcommittee focused on cryptocurrency. This is similar to the effort by Patrick McHenry in 2023 with the Financial Services Committee, showing how important crypto has become in U.S. policymaking. Senator Cynthia Lummis, a strong supporter of Bitcoin, has been picked to lead the subcommittee, though her role will need a final vote next week. The committee will also decide on other members at the same time, alongside the nomination hearing for Scott Turner, Trump’s pick for HUD secretary. Digital Asset Economy The U.S. is now approaching cryptocurrency. Two years ago, discussions surrounding crypto were negligible, and governmental interest was minimal to nothing except in very broken pieces of legislation. Now, it is reflected in official meetings, new subcommittees, and leadership appointments, signaling an effort to be taken seriously by making the U.S. a global leader in the digital asset space. This is a period when other countries are also considering frameworks for crypto governance, and it is imperative that the U.S. stays ahead of them. Under the guidance of the new SEC chair and with Senator Lummis, the United States is looking forward to creating an open regulatory space for Bitcoin and other digital assets. It protects the consumers, encourages innovation, and helps the country to maintain its place in the global arena in the monetary financial space. Regulation along with a reserve in Bitcoin will allow the United States to step up to the challenge of being the pioneer for the future of money. However, the public has been somewhat divided about this approach. Some consider it is long overdue and actually puts weight to including digital assets within the economy. It could improve innovation for many while ushering the way toward a possible trusting attitude in the industry.. Some, however, point to issues, such as market volatility, and even consider proposals like that of Lummis’s Bitcoin reserve. However, bottom line, these actions bring much-needed order and stability to the industry on the whole. As Trump’s inauguration approaching, his support for Bitcoin is still ruling the market. He has promised to create a national Bitcoin reserve, with proposals already in Congress and backing from states like Texas and Ohio. This could be a big step forward for crypto in the U.S. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Victoria, Seychelles, January 9th, 2025, Chainwire Bitget , the leading cryptocurrency exchange and Web3 platform, is excited to announce that U2U Network (U2U) will be listed on Bitget PoolX. The locking period for this activity runs from January 9, 2025, at 8:00 (UTC), to January 12, 2025, at 8:00 (UTC) , with a total airdrop pool of 12,631,000 U2U available for distribution. U2U Network is a modular Layer1 blockchain leveraging DAG technology and EVM compatibility to deliver high performance, scalability, and security. Its innovative Subnet technology enables the creation of customizable, independent sub-networks, providing unparalleled scalability and flexibility, particularly for DePIN applications. As part of the launch, Bitget PoolX is introducing an exclusive opportunity for users to participate in a BTC locking pool to earn U2U airdrops. Participants can lock their BTC during the promotion to receive U2U airdrops. The allocation is calculated based on the user’s locked BTC relative to the total locked BTC of all eligible participants. The maximum BTC locking limit for this activity is 1 BTC, while the minimum is 0.0001 BTC. Bitget's PoolX offers a unique opportunity for users to stake specific tokens and participate in the growing ecosystem by earning more tokens through the airdrop initiative. The listing of U2U to PoolX aligns with Bitget’s commitment to providing users with access to standout projects that resonate with market trends and evolving community interests. For more details on the PoolX promotion, please visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA , in EASTERN, SEA, and LATAM markets, as well as a global partner of the Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to their Terms of Use . Contact Public Relations Media Bitget media@bitget.com
The world’s largest crypto exchange by trading volume is adding support for the recent migration of a popular blockchain game. According to a new announcement from Binance, the exchange will kick off trading services for the Mines of Dalarnia’s transition to Dar Open Network (D) starting tomorrow. “Fellow Binancians, Binance is excited to announce that Dar Open Network (D) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below… D Flexible Products will be listed on Binance Simple Earn at 2025-01-09 08:00 (UTC) and will be available for subscription. From 2025-01-10 10:00 (UTC), users may purchase D using any of the payment options supported on Binance Auto-Invest.” According to Dar Open Network, crypto exchanges began swapping DAR for D three days ago. “All exchanges have stopped $DAR token trading as of today to facilitate the migration to $D tokens. Exchanges including Binance, BitGet, Gate_io, CryptoCommand, and KuCoin will reopen D token trading on January 9th at 08:00 (UTC). Please review your exchange’s announcements for key details regarding balance recovery and token pair reopening.” According to Dar Open Network, Mines of Dalarnia’s growth into Dar Open Network represents the growth of the scope of the blockchain. “The transition from Mines of Dalarnia to the Dar Open Network represents a significant milestone for the project. Over the past year, Dar Open Network has expanded beyond its initial game-focused roots to become a comprehensive Web3 ecosystem. This evolution calls for a reimagining of its foundational elements, including the token that powers the platform.” D is worth $0.1899 at time of writing, up 7.3% on the day. 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 Binance Adds Support for Mines of Dalarnia Rebrand Dar Open Network (D) appeared first on The Daily Hodl .
The digital currency environment continues to grow, with both new and existing projects reaching important milestones. Render, for instance, has risen by 32%, surpassing the $8 mark with its sights set on reaching $9 soon. A recent Filecoin update revealed a 12% increase following its successful listing on Bithumb, and a significant 200% boost in futures trading volume, indicating more possible growth if it surpasses certain levels. Among these developments, Web3Bay (3BAY) is creating its niche in decentralized eCommerce. By raising over $480K in presale and selling 138 million tokens, this project merges blockchain technology with a fresh vision for online shopping. As traders eye future gains, Web3 in eCommerce promises significant potential in the digital currency space. Render Price Analysis: Could Render Reach $9? Render price analysis is drawing focus as the RNDR value climbs over the $8 hurdle after a 32% increase in two weeks. This price point is both a psychological and technical challenge, as previous attempts to go beyond it often led to sales. Yet, confidence in Render’s potential is high, with 65% of its holders seeing profits and trading activity regaining momentum. On-chain data shows ongoing growth in active addresses and transactions, hinting at increasing network use and investor participation, crucial for continued price increases. While Render price analysis confirms a strong move above $8, traders remain watchful for the consistent buy-in required to reach and possibly exceed $9. Filecoin Update Draws Attention with Bithumb Listing and 12% Surge The latest Filecoin update has grabbed attention, as FIL saw a 12% uptick following its introduction on the South Korean exchange Bithumb. Its futures trading volume surged by 200%, signaling a growing trader interest. Presently valued at $6.06, FIL is approaching a crucial resistance at $6.95. Overcoming this could set the stage for a rise towards $8.50. This update also underlines important support levels, with $5.75 acting as a buffer for the coin’s positive trend. The wider market’s movements will likely influence outcomes, with FIL’s ability to sustain its momentum and break through upcoming barriers determining its path forward. Web3Bay Charts a New Course for Web3 in eCommerce Web3Bay (3BAY) is capturing attention as it transforms online shopping with a decentralized approach. Presently in its third presale phase, Web3Bay has successfully raised over $480K and sold 138 million coins. The price of its native token, 3BAY, stands at $0.0039675 in this ongoing stage, reflecting increased market confidence in its potential to innovate eCommerce through the integration of Web3 blockchain technology. The strategic roadmap of Web3Bay is well-defined, beginning with platform development and the execution of a 28-stage presale in Phase 1. Phase 2 is set to activate the marketplace, introduce cryptocurrency payments, and establish liquidity pools. The ambition extends into Phase 3, which will focus on expanding the ecosystem to include features such as PayPal, Apple Pay, and staking options for 3BAY holders. Looking ahead, Web3Bay’s objectives encompass the integration of an NFT marketplace, DeFi services, and cross-chain functionality, providing a wide array of opportunities for both traders and consumers. Its decentralized framework offers enhanced transparency, ownership, and security, effectively eliminating the reliance on traditional centralized platforms. As the Web3 eCommerce sector, Web3Bay stands poised to lead this shift, offering traders a valuable entry point through its competitive presale pricing and a visionary approach to redefining the standards of e-commerce with blockchain technology tailored to the needs of end users. Wrapping Up The cryptocurrency arena continues to unveil unique opportunities, from Render’s push towards $9 to the recent Filecoin update highlighting a 12% boost post-Bithumb listing. As Render handles resistance and FIL builds momentum with increased trade activity, a distinct narrative is emerging in decentralized eCommerce. Web3Bay (3BAY) is poised to transform online shopping. With over $480K raised and 138 million tokens sold at a presale price of $0.0039675, Web3Bay’s decentralized approach promises to merge blockchain clarity with practical solutions for online shopping, presenting a valuable opportunity for traders eyeing long-term involvement in a transforming decentralized eCommerce . Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Web3Bay’s Presale Explodes to $480K! FIL Hits New Highs Post-Listing & RNDR Analysis Hints at $9 appeared first on TheCoinrise.com .
As we enter 2025, the cryptocurrency sector continues to strengthen its foothold in the financial landscape. Enthusiasts and investors are eyeing the market for coins with solid development plans and influential partnerships. This month, certain cryptocurrencies like BlockDAG (BDAG), Tron (TRX), Bittensor (TAO), Bitcoin Cash (BCH), and Cronos (CRO) are at the forefront, captivating the community with their potential and market appeal. This overview highlights why these most popular crypto coins are worth your attention, whether you’re a veteran in the investment arena or just beginning to explore the crypto space. 1. BlockDAG (BDAG): The Decade’s Most Prominent Crypto Presale BlockDAG (BDAG) has become a significant player in the crypto arena, with a presale that has skyrocketed to over $177.5 million, selling more than 17.7 billion coins. With the current batch priced at $0.0248 nearly sold out, BlockDAG is clearly a frontrunner in the market. An attractive feature of BlockDAG is its Refer & Earn program, which rewards community members for referrals. Referrers receive a 6% instant cashback in USDT for each purchase made by their referrals, with potential increases to 10% based on further purchases within 24 hours. Buyers also get a 6% cashback per transaction, incentivizing participation in the community. With a minimum buy-in of $30, the platform ensures that rewards are easily accessible and stored directly in BEP-20 compatible wallets. BlockDAG’s impressive growth, combined with its innovative features and rewards program, makes it one of the most popular crypto coins in 2025. 2. Cronos (CRO): Connecting Conventional Finance & DeFi Cronos excels in linking traditional financial systems with decentralized technologies. Celebrated for its quick transactions and minimal fees, Cronos is increasingly preferred by developers and users. Its ecosystem, which includes diverse DeFi and non-fungible token (NFT) solutions, underscores its importance in these expanding fields. Even with an 11.78% drop in price to about $0.1409 recently, Cronos’ integration capabilities and adoption trajectory suggest it remains a compelling project in the evolving crypto landscape. 3. Tron (TRX): A Titan in Decentralized Finance Tron continues to solidify its position in the cryptocurrency market through significant strides in decentralized finance (DeFi) supported by its high-performance blockchain. Processing thousands of transactions per second, Tron is indispensable in the DeFi landscape. It distinguishes itself with efficient smart contract capabilities and lower transaction costs, trading at about $0.2545 currently, down slightly by 0.84% from last week. Despite this, Tron maintains strong investor interest due to its robust technical foundations. 4. Bittensor (TAO): Fusing AI with Blockchain Bittensor is making waves by integrating artificial intelligence (AI) with blockchain technology, establishing a decentralized network for machine learning. This platform incentivizes developers to create, share, and profit from AI models, fostering a decentralized marketplace. Collaborations with leading AI experts and tech companies bolster Bittensor’s growth prospects. Despite a recent 12.20% drop in price to approximately $440.56, Bittensor’s unique proposition in AI and blockchain integration remains appealing for forward-thinking investors. 5. Bitcoin Cash (BCH): Speedy & Cost-Effective Transactions Known for its rapid and economical transaction capabilities, Bitcoin Cash is a favorite among businesses looking to enhance their payment processes. Its comparative advantage in speed and cost over Bitcoin ensures its continued use and relevance in various markets. Currently priced at $433.25, BCH has experienced a slight market adjustment with a 6.46% decrease in value last week, yet it continues to be a dependable choice for efficient digital transactions. A Recap of The Most Popular Crypto Coins to Watch The year 2025 presents a range of leading cryptocurrencies. Tron excels in DeFi, Bittensor pioneers decentralized AI, Bitcoin Cash is the choice for swift payments, and Cronos integrates traditional finance with DeFi innovations. Despite recent dips reflecting market volatility, BlockDAG leads with a groundbreaking presale achievement, amassing $177.5 million, a 2380% ROI, and unique features such as the Refer & Earn program. Its vibrant growth and robust community engagement position it as one of the most popular crypto coins in 2025. The post Most Popular Crypto Coins to Watch in January 2025: Unpacking BlockDAG, Tron, Bittensor, Bitcoin Cash & Cronos appeared first on TheCoinrise.com .