The president-elect cannot officially nominate anyone until after he is inaugurated on Jan. 20, but the US Senate has been holding hearings to question his potential picks. Source link
Day: January 16, 2025
Litecoin seen as commodity, Litecoin ETF likely first to debut under Trump, says expert
Key Takeaways Canary Capital’s Litecoin ETF might be the first spot crypto ETF approved by the SEC in 2025. The CFTC classifies Litecoin as a commodity, differentiating it from other digital assets facing regulatory challenges. Share this article Canary Capital’s Litecoin ETF is well-positioned to become the first spot crypto ETF approved by the SEC under the incoming Trump administration, given Litecoin’s commodity status, according to Bloomberg ETF analyst Eric Balchunas. Following Canary Capital’s amended S-1 filing yesterday, Nasdaq submitted a 19b-4 form to the SEC on Thursday, formally beginning…
Solana ETFs may take until 2026: Bloomberg Intelligence
With lawsuits still pending over Solana’s classification as a security, SOL ETFs will likely have to wait until next year for their debut. Source link
Bitcoin price will hold $100K for good after three key events take place
Bitcoin struggles to hold $100,000, but this could change once regulations shift and institutional adoption becomes even easier. Source link
Fed’s Waller signals multiple rate cuts in 2025 as Bitcoin holds steady near $100K
Key Takeaways Federal Reserve Governor Waller hinted at multiple interest rate cuts in 2025 due to promising inflation data. Bitcoin surged above $99K following better-than-expected inflation figures, with traders eyeing a breakout past $100K and altcoins rallying strongly. Share this article Federal Reserve Governor Christopher Waller hinted at multiple rate cuts in 2025 if inflation continues its current disinflationary trend. Speaking on CNBC Thursday, Waller said, “The inflation data we got yesterday was very good,” referencing the latest figures showing a cooldown in price pressures. He added that if similar…
What Bitcoin Price History Predicts for February 2025
As the Bitcoin market steps into 2025, investors are keenly analyzing seasonal trends and historical data to predict what February might hold. With Bitcoin’s cyclical nature often tied to its halving events, historical insights provide a valuable roadmap for navigating future performance. By examining historical data—including Bitcoin’s average monthly returns and its post-halving February performance—we aim to provide a clear picture of what February 2025 might look like. Historical average monthly performance of Bitcoin. Monthly data set is from December 2010 to latest monthly close. Source: Bitcoin Magazine Pro Understanding Bitcoin’s…
Tether debuts USDT0 stablecoin on Kraken’s Ink Layer 2
Key Takeaways Tether introduces USDT0 to enhance USDT’s interoperability, allowing seamless transfers across chains with LayerZero’s OFT standard. USDT0 launches on Kraken’s Ink L2, with plans to expand to Berachain and MegaETH, offering users unparalleled access to USDT liquidity. Share this article Tether has announced the launch of USDT0 on Kraken’s Layer 2 blockchain, Ink. This new stablecoin solution is designed to expand USDT’s reach across multiple blockchains while maintaining its 1:1 backing with USDT on Ethereum. The new solution is built on LayerZero’s Omnichain Fungible Token standard and leverages…
BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch
Este artículo también está disponible en español. The BONK price movements have brought it close to a critical support level, and its reaction could make or break its price trajectory from there. A detailed technical analysis on the TradingView platform suggests that the cryptocurrency’s current setup could lead to either a bullish breakout to retest its all-time high at $0.00005825 or a further decline below $0.00001497, depending on how price action unfolds in the coming days. Descending Channel And Double Bottom Pattern For BONK Meme cryptocurrency BONK has largely been…
Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration
Key Takeaways Coinbase’s Bitcoin-backed loans, powered by Morpho, provide USDC instantly, leveraging cbBTC for seamless on-chain functionality. This new offering follows Coinbase’s exit from its Borrow program in November 2023, signaling a renewed focus on Bitcoin lending. Share this article Coinbase has introduced Bitcoin-backed loans through its partnership with Morpho, a decentralized finance protocol with $3.7 billion in total value locked. This new service allows users to borrow up to $100,000 in USDC instantly without selling their Bitcoin. The service represents Coinbase’s return to Bitcoin lending after ending its previous…
Coinbase's Bitcoin Loans Are Not What They Seem
Follow me on X for more Bitcoin L2 alpha @GuerillaV2 Earlier today, Coinbase announced the launch of “Bitcoin-Backed Loans” using Base, its native blockchain. But there’s one problem. (Actually, two.) These loans are not backed by Bitcoin, nor are they even on the Bitcoin blockchain. It’s disappointing that, in 2025, companies are still willingly omitting key details to mislead Bitcoin holders into giving up custody of their coins. Here’s the truth: these loans are collateralized by cbBTC, Coinbase’s Bitcoin-wrapped product designed to compete with wBTC and tBTC. This is not…