Elon Musk’s Tesla Booked a Q4 Gain on its Bitcoin (BTC) Holdings

Elon Musk’s Tesla (TSLA) appeared to take advantage of a new accounting rule allowing for holdings of digital assets to be marked-to-market each quarter. The company’s fourth quarter earnings report shows its 9,720 bitcoin valued at $1.076 billion as of the end of 2024. That’s up from what had been $184 million for several quarters prior. Alongside that change, Tesla also recorded a GAAP income boost of $600 million on its digital holdings. For perspective, the company had overall GAAP income of $2.3 billion in the fourth quarter. A new…

No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment. FOMC Monetary Policy Unmoved At its first 2025 gathering on Jan. 29, the Federal Open Market Committee (FOMC) observed that “economic activity has continued to […] Source CryptoX Portal

What Is Really Going On? Analyst Weighs In

Este artículo también está disponible en español. Ethereum performance has lagged behind the broader cryptocurrency market in recent months, with the asset failing to capitalize on the bullish momentum recently seen in the market. While Bitcoin has repeatedly reached new all-time highs, Ethereum has struggled to break past $4,000 and remains well below its 2021 peak of $4,800. Amid this slow recovery, a crypto analyst known as ProjectW has shared insights on the potential for Ethereum’s resurgence, urging investors to consider the long-term picture. In a detailed post on X,…

USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers 

Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […] Source CryptoX Portal

Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible?

Este artículo también está disponible en español. According to a TradingView crypto analyst named ‘TradingShot,’ the Bitcoin price has formed a Double Bottom pattern and is on track to reach a new All-Time High (ATH) of $112,000. This potential shift in trajectory comes after the cryptocurrency experienced a severe price crash that briefly pushed it below the $100,000 mark.  Bitcoin Price Finds Strong Support At Double Bottom The Bitcoin price crashed below $100,000 earlier this week as the China-based Artificial Intelligence (AI) model DeepSeek gained significant popularity across the US…

Bitcoin’s early adopters hit big in 2017, this crypto aims to do it faster

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI, a new crypto, aims to grow and provide returns faster than Bitcoin. Bitcoin (BTC) took nearly eight years after its launch in 2009 to create its first wave of millionaires. Today, the crypto space moves at lightning speed, and new projects like Lightchain AI (LCAI) aim to accelerate wealth creation. With a presale raising $13.5 million and tokens priced at $0.00525, Lightchain AI has ambitious plans to…

Texas Lieutenant Governor proposes Bitcoin reserve for 2025

Texas Lieutenant Governor Dan Patrick has announced plans to establish a “Texas Bitcoin Reserve” as part of his top legislative priorities for the 2025 session.  The proposal underscores Texas’ ongoing push to integrate Bitcoin (BTC) into its financial strategy and reinforce its status as a blockchain-friendly state. “Over the last four years, the Texas Senate held the line, fighting back against President Biden’s disastrous agenda,” Patrick said. “Now, with President Trump back in office, Texas has a friend in the White House.” Texas has seen tensions between crypto miners and…

MVRV Ratio Reveals Bitcoin Market Position Amid Short-Term Selling Pressure

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Sandboxes Are a Way Out of the Regulatory Sandstorm

Regulation by enforcement is beginning to crumble, with a court recently ruling that the SEC’s refusal to issue a crypto rule was unlawful. A new crypto-friendly administration stands ready to create crypto clarity through new appointments at the SEC and the CFTC. New acting CFTC Chair Caroline Pham has proposed an uncommon approach, namely the regulatory sandbox. A regulatory sandbox is a waiver of regulations but in a supervised environment. Projects can test innovative ideas outside rigid regulatory frameworks. Federal digital asset sandboxes may come sooner than you think, but…

Bitcoin Technical Analysis: BTC Balances Between Bullish Momentum and Short-Term Resistance  

As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency’s market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume. Bitcoin While bitcoin‘s broader trend remains bullish, consolidation near $102,000 reflects caution among traders, with critical resistance at $104,000–$105,000 and immediate […] Original