Lawmakers in North Dakota have introduced a bill aimed at curbing cryptocurrency fraud and protecting its residents. House Bill 1447 was submitted on January 15 in response to an alarming $6.5 million in crypto-related fraud losses reported by 103 residents in 2023. The proposed legislation, sponsored by Representative Steve Swiontek, seeks to establish measures to The post North Dakota Moves To Protect Crypto ATM Users appeared first on CryptoCoin.News .
The TRUMP memecoin , launched on January 17 , has recorded an impressive $38 billion in cumulative spot trading volume across major centralized exchanges ( CEXs ), according to CryptoQuant Senior Analyst Julio Moreno. The token has captured significant attention, with Binance leading the market by facilitating $16 billion in trading volume. The peak daily spot trading volume was reached on January 19 , totaling $17 billion . This remarkable performance underscores the growing popularity of memecoins in the cryptocurrency market, with TRUMP making waves as one of the most talked-about assets since its debut. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. TRUMP Memecoin’s Key Trading Highlights Total Spot Trading Volume Since its launch, TRUMP has achieved a cumulative spot trading volume of $38 billion , reflecting massive interest among traders. Market Leadership by Binance Binance accounted for $16 billion of TRUMP’s total trading volume, solidifying its position as the leading platform for TRUMP transactions. Peak Trading Activity The memecoin’s trading activity peaked on January 19 , with a single-day volume of $17 billion across all platforms. Binance’s Dominance in TRUMP Trading Binance’s dominance in TRUMP trading can be attributed to several factors: Liquidity As the world’s largest crypto exchange, Binance provides unmatched liquidity, making it the preferred platform for high-volume trades. User Base Binance’s extensive global user base ensures a steady flow of trades, boosting volume and market activity. Early Listing By listing TRUMP shortly after its launch, Binance capitalized on the memecoin’s initial hype, attracting significant trading interest. The Role of Memecoins in the Crypto Market TRUMP’s success highlights the broader role of memecoins in the cryptocurrency ecosystem: Speculative Appeal Memecoins like TRUMP thrive on market speculation and social media hype, drawing in retail and institutional traders. High Volatility The sharp price fluctuations associated with memecoins provide opportunities for traders to capitalize on short-term gains. Community Engagement Memecoins often build strong communities, leveraging humor, branding, and relatability to sustain interest and activity. TRUMP’s Performance vs. Other Memecoins TRUMP’s early success puts it in competition with other prominent memecoins such as Dogecoin and Shiba Inu: Metric TRUMP Dogecoin Shiba Inu Launch Date January 17, 2025 December 2013 August 2020 Spot Trading Volume $38 billion $24 billion (2021) $36 billion (2021) Peak Daily Volume $17 billion $10 billion $12 billion Challenges for TRUMP Moving Forward Despite its early success, TRUMP faces several challenges: Sustained Interest Maintaining trading volume requires consistent engagement and potentially introducing new use cases for the token. Regulatory Scrutiny As a high-profile memecoin, TRUMP may attract attention from regulators, potentially impacting its future adoption. Market Competition Competing with established memecoins like Dogecoin and Shiba Inu for market share will be an ongoing challenge. Conclusion The TRUMP memecoin’s achievement of $38 billion in spot trading volume within its first week highlights the explosive potential of memecoins in today’s cryptocurrency market. With Binance playing a pivotal role in its trading success and peak activity reaching $17 billion in a single day, TRUMP has cemented itself as a major player in the crypto space. However, sustaining this momentum will depend on continued market engagement, innovative developments, and navigating potential regulatory hurdles. For now, TRUMP’s success underscores the growing influence of memecoins in driving market activity and shaping investor behavior. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. FAQs What is the total spot trading volume of the TRUMP memecoin? The TRUMP memecoin has recorded a total spot trading volume of $38 billion since its launch on January 17, 2025. Which exchange has led TRUMP trading? Binance has dominated TRUMP trading, accounting for $16 billion of the total volume. When did TRUMP’s trading volume peak? TRUMP’s trading activity peaked on January 19, with a single-day volume of $17 billion. How does TRUMP compare to other memecoins? TRUMP has outperformed many memecoins in its early days, with trading volumes exceeding those of Dogecoin and Shiba Inu at their peaks. What challenges does TRUMP face? Challenges include maintaining market interest, competing with established memecoins, and navigating potential regulatory scrutiny. Why are memecoins like TRUMP so popular? Memecoins thrive on speculation, community engagement, and humor, making them appealing to both retail and institutional traders. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
The post XRP Lawsuit: Plaintiff Appeals Ripple’s Request for Expense Payment After Court Ruling appeared first on Coinpedia Fintech News In the latest update on the Ripple Labs lawsuit, the plaintiff filed a notice about costs taxed in the appeals court. Ripple submitted a “bill of costs” after the district court ruled in its favor, requesting compensation for time and expenses spent on the lawsuit over alleged securities violations. Lead plaintiff Bradley Sostack has filed an appeal challenging the $210,591.52 in costs taxed against class plaintiffs in the U.S. Court of Appeals for the Ninth Circuit. The lead plaintiff and class objected to Ripple’s bill of costs and requested the court either deny or reduce the costs. Despite this, the court ruled in favor of Ripple, XRP II, and CEO Brad Garlinghouse in the summary judgment. The class claims involved unregistered offers and sales of securities, liabilities of Ripple and Brad Garlinghouse as control person, and California securities law violations. Ripple filed a bill of costs, along with a declaration from Litigation Director Ana Guardado and 65 exhibit documents outlining litigation costs, lawyer expenses, and other details related to the XRP lawsuit. This was likely in response to wasted time and incurred expenses. Notably, the lawsuit has now concluded, with the parties agreeing there was no reason to delay judgment as the class claims were resolved. Additionally, the Trump administration plans to end most lawsuits against crypto companies and establish a clearer regulatory framework.
The rebranding of Binance Labs to YZi Labs marks a significant evolution in the focus of the incubator, emphasizing a synergy between blockchain technology, artificial intelligence, and biotechnology. This strategic
On January 22 , U.S. spot Ethereum (ETH) ETFs reported a combined net inflow of $70.64 million , highlighting sustained interest in Ethereum-focused investment products. According to data from SoSoValue , BlackRock’s ETHA led the inflows with $79.11 million , while Fidelity’s FETH followed with $8.98 million . In contrast, Grayscale’s ETHE recorded a net outflow of $17.44 million , suggesting a divergence in investor sentiment among different Ethereum ETFs. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. Key Data from January 22 Ethereum ETF Activity BlackRock’s ETHA Net Inflows : $79.11 million As a market leader, BlackRock’s ETH ETF continued to attract the majority of investments, reinforcing its dominance in the Ethereum ETF space. Fidelity’s FETH Net Inflows : $8.98 million Fidelity’s spot Ethereum ETF also saw positive traction, albeit at a smaller scale compared to BlackRock’s ETHA. Grayscale’s ETHE Net Outflows : $17.44 million Grayscale’s ETHE struggled with investor sentiment, reporting the largest outflow among U.S. Ethereum ETFs. Other Ethereum ETFs No Significant Activity : Remaining ETFs did not experience notable changes in their holdings. Spot Ethereum ETFs: Why the Inflows Matter The substantial net inflows reflect growing confidence in Ethereum as a long-term investment: Institutional Adoption Increased inflows, particularly into BlackRock’s ETHA, highlight rising interest from institutional investors seeking exposure to Ethereum. Diverse Applications Ethereum’s role as the backbone of decentralized finance (DeFi) and non-fungible tokens (NFTs) continues to attract long-term investors. Regulatory Clarity The approval of spot Ethereum ETFs in the U.S. has provided investors with secure and regulated avenues for Ethereum exposure. Ethereum ETF Comparisons ETF Net Inflows/Outflows Commentary BlackRock’s ETHA $79.11M Inflows Maintains its position as the leader in Ethereum ETFs. Fidelity’s FETH $8.98M Inflows Shows steady growth but trails behind BlackRock’s ETHA. Grayscale’s ETHE $17.44M Outflows Indicates waning investor interest in Grayscale’s product. Other ETFs No Activity No significant changes were recorded. Why BlackRock’s ETHA Dominates BlackRock’s ETH ETF dominance is driven by: Brand Reputation : As a global financial leader, BlackRock attracts institutional trust and investor confidence. Robust Strategy : A well-designed product that aligns with market demand for secure Ethereum exposure. Market Timing : BlackRock capitalized on the growing adoption of Ethereum by launching its ETF at a favorable time. What’s Behind Grayscale’s Outflows? The $17.44 million outflow from Grayscale’s ETHE signals potential concerns: Fee Structure : Higher fees compared to newer ETF products may deter investors. Competition : The launch of spot Ethereum ETFs from competitors like BlackRock and Fidelity has provided investors with more attractive options. Conclusion The $70.64 million net inflow into U.S. spot Ethereum ETFs on January 22 underscores the growing appeal of Ethereum as an investment asset. While BlackRock’s ETHA led the pack with significant inflows of $79.11 million , Grayscale’s ETHE faced challenges, reporting a notable outflow of $17.44 million . This divergence highlights a competitive market where product differentiation, fees, and brand reputation play critical roles in investor decision-making. As institutional interest in Ethereum continues to grow, the performance of these ETFs will remain a key indicator of market sentiment. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. FAQs What was the total net inflow for U.S. spot Ethereum ETFs on January 22? The total net inflow was $70.64 million, with BlackRock’s ETHA leading the activity. Which Ethereum ETF saw the largest inflow? BlackRock’s ETHA recorded the highest inflow at $79.11 million. Why did Grayscale’s ETHE see outflows? Grayscale’s ETHE faced $17.44 million in outflows, likely due to higher fees and increased competition from newer ETF products. What does the inflow into Ethereum ETFs signify? The inflows reflect growing confidence in Ethereum as a long-term investment, driven by its role in DeFi and NFT markets. How does BlackRock’s ETHA maintain its dominance? BlackRock benefits from strong brand reputation, strategic product offerings, and timing that aligns with increasing Ethereum adoption. What role does regulatory clarity play in Ethereum ETF investments? Regulatory approval of spot Ethereum ETFs in the U.S. has provided a secure and regulated framework, boosting investor confidence. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.
Bitcoin surged above $106,000 on Thursday as anticipation grows surrounding the potential establishment of a strategic national Bitcoin reserve under the Trump administration. This momentum was significantly influenced by comments
Bitcoin is flying high Thursday as momentum builds around a potential strategic national BTC reserve under President Trump.
Former Binance CEO Changpeng Zhao will actively coach and mentor startups within the incubator.
Lawmakers in the U.S. state of North Dakota are considering a new bill aimed at combating cryptocurrency-related fraud through stricter regulations on crypto ATM transactions , according to Cointelegraph . The proposed legislation includes capping daily withdrawals from crypto ATMs at $1,000 and limiting transaction fees to $5 or 3% of the total amount , whichever is lower. This move is part of a broader effort to enhance consumer protection while addressing the increasing misuse of crypto ATMs in fraudulent activities. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. Details of the Proposed Bill The proposed regulations aim to impose the following limits on crypto ATM transactions in North Dakota: Withdrawal Cap : Customers will be restricted to a maximum of $1,000 per day in withdrawals. Fee Limits : Transaction fees will be capped at $5 or 3% of the total transaction amount , whichever is lower. Fraud Mitigation Measures : Additional provisions may include stricter compliance checks and identity verification to reduce misuse. Why the Legislation is Being Introduced North Dakota lawmakers have expressed concerns over the rising incidence of fraud involving crypto ATMs: Fraudulent Schemes Scammers often use crypto ATMs to facilitate money laundering or defraud unsuspecting individuals. Lack of Regulation Unlike traditional financial systems, crypto ATMs operate with limited oversight, making them vulnerable to abuse. Consumer Protection The proposed measures aim to protect consumers by limiting their financial exposure and ensuring transparency in transactions. How the Cap Will Impact Crypto Users The proposed caps on transactions and fees could have mixed implications for crypto users: Advantages : Enhanced consumer protection by reducing the risk of financial losses due to fraud. Lower fees make crypto ATMs more affordable for users. Disadvantages : The $1,000 daily withdrawal limit may inconvenience users who rely on crypto ATMs for larger transactions. Stricter regulations could slow down transaction processing times. Crypto ATM Industry in North Dakota Crypto ATMs have gained popularity across the U.S., including in North Dakota: Growth : The number of crypto ATMs has steadily increased, providing an accessible way for users to buy and sell cryptocurrencies. Concerns : The lack of robust regulation has made them a target for bad actors, prompting calls for tighter oversight. Comparing North Dakota’s Proposal to Other States If implemented, North Dakota’s crypto ATM regulations would set a precedent for similar actions in other states: California and New York : Both states have introduced stringent regulations for cryptocurrency businesses, but they have yet to focus on ATM-specific rules. Texas : While crypto adoption is high, the state has minimal regulations concerning crypto ATMs. North Dakota’s proposal could serve as a model for other jurisdictions aiming to balance innovation with consumer protection. Challenges and Criticisms The proposed legislation has sparked debate, with critics highlighting potential downsides: Overregulation Opponents argue that excessive regulation could stifle crypto adoption and innovation in North Dakota. Impact on ATM Operators Limiting fees and imposing withdrawal caps could affect the profitability of crypto ATM operators, potentially reducing availability. Effectiveness Skeptics question whether these measures will significantly reduce fraud or simply push bad actors to alternative channels. Conclusion North Dakota’s proposed legislation to cap crypto ATM transactions and fees is a proactive step toward combating fraud and enhancing consumer protection. By limiting daily withdrawals to $1,000 and capping fees at $5 or 3% , lawmakers aim to strike a balance between innovation and security in the growing cryptocurrency ecosystem. While the move has sparked debate, it reflects a broader trend toward regulatory oversight in the crypto industry. If successful, North Dakota’s approach could pave the way for similar measures in other states, fostering a safer environment for cryptocurrency users. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on the latest news, where we delve into the most promising ventures and their potential. FAQs What is the proposed transaction cap for crypto ATMs in North Dakota? The bill proposes capping daily withdrawals from crypto ATMs at $1,000. What is the fee limit under the proposed regulations? Transaction fees would be limited to $5 or 3% of the total transaction amount, whichever is lower. Why is North Dakota introducing this legislation? The legislation aims to combat rising fraud involving crypto ATMs and enhance consumer protection. How will the caps impact crypto users? While the caps provide enhanced protection and lower fees, they may inconvenience users who rely on ATMs for larger transactions. What challenges could the legislation face? Critics argue that overregulation could stifle innovation, impact ATM operator profitability, and push fraudulent activities to alternative channels. Could other states follow North Dakota’s lead? If successful, North Dakota’s measures could serve as a model for other states considering similar regulations. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
PRESIDENT TRUMP CONCLUDES WEF ADDRESS ————— NFA.