Day: January 30, 2025

Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M

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Ross Ulbricht, the founder of the notorious Silk Road marketplace, recently made headlines again—not for his controversial past or his pardon by former President Donald Trump, but for a staggering $12 million loss incurred while trading a memecoin on the platform Pump.fun.  Ross Ulbricht $12 Million Mistake On January 29, Ulbricht, or an individual with access to his Solana wallet, reportedly attempted to manage liquidity for ROSS tokens, a meme coin created by his supporters to raise funds following his release.  Ross Ulbricht received 50% of the total supply of…

Bitcoin ETFs Gain $92 Million While Ethereum ETFs Experience $4.82 Million Outflow

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The market momentum for bitcoin ETFs continued after a sluggish start to the week, with Wednesday’s inflow hitting $92 million. Bitcoin ETFs Attract $92 Million in Fresh Inflows On Wednesday, Jan. 29, bitcoin exchange-traded funds (ETFs) experienced a net inflow of $92.09 million, according to data from Sosovalue. This marks a continuation of positive momentum […] Original

Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming

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Este artículo también está disponible en español. Ethereum’s price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself.  The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in…

El Salvador ends mandatory Bitcoin acceptance for merchants

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El Salvador’s Legislative Assembly has amended its Bitcoin Law, making it optional for merchants to accept Bitcoin as payment.  This change aligns with conditions set by the International Monetary Fund for a $1.4 billion loan aimed at bolstering the nation’s economy. El Salvador made history in September 2021 by becoming the first country to adopt Bitcoin (BTC) as legal tender alongside the U.S. dollar. The initiative, championed by President Nayib Bukele, sought to enhance financial inclusion and stimulate economic growth.  However, the requirement for all businesses to accept Bitcoin faced criticism…

Analyst Reveals What You Can’t Miss

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Este artículo también está disponible en español. In a market breakdown shared on X, independent trader and Zero Complexity Trading founder Koroush Khaneghah points to a handful of critical crypto charts that he believes could dictate the next major market move. Khaneghah, who has invested in over 50 startups, emphasizes that the charts for BTC/USD, BTC Dominance (BTC.D), TOTAL2, ETH/BTC, and SOL/BTC provide invaluable insights into the crypto market’s current condition and possible future shifts. BTC/USD: Defining The Crypto Market Khaneghah identifies BTC/USD as the yardstick for gauging what stage…

Grayscale Launches Bitcoin Miners ETF as Mining Industry Poised for Massive Growth

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Grayscale Investments has launched the Grayscale Bitcoin Miners ETF, offering investors exposure to bitcoin mining firms, as the industry continues to expand. Grayscale Launches Bitcoin Miners ETF for Crypto-Focused Investors Crypto asset management firm Grayscale Investments announced on Thursday that it has introduced the Grayscale Bitcoin Miners ETF (Ticker: MNRS), a new exchange-traded fund designed […] Original

Norway boosts Bitcoin exposure via MicroStrategy stock

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Norway’s central bank holds over $500 million in indirect Bitcoin exposure through investments in MicroStrategy and other cryptocurrency-focused companies. According to K33 Research, Norway’s indirect exposure to Bitcoin (BTC) has nearly tripled over the past 12 months due to increased allocations to crypto-related firms. Vetle Lunde, K33 head of research at K33, wrote that the Norway Sovereign Wealth Fund holds 0.72% of MicroStrategy’s total shares, valued at approximately $514 million as of December 2024. This investment translates to indirect exposure of around 3,214 Bitcoin. While Norway’s central bank has invested…

5 New Crypto to Explode as Trump Starts New Crypto Venture

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Trump Media & Technology Group (TMTG) has announced a new crypto venture, Truth.Fi, in partnership with Charles Schwab, a giant of the financial services industry. The venture, which is being called ‘a natural expansion of the Truth Social movement,’ will offer several investment options, including Bitcoin and other cryptocurrencies. It’s also worth recalling how positively Trump’s previous crypto ventures impacted the market. For instance, the launch of $TRUMP was a blockbuster success, as the meme coin soared over 12,000% overnight. The meme coin became one of the top 5 cryptocurrencies…

Cryptocurrency Market to Grow by USD 39.75 Billion (2025-2029), Rising Investment in Digital Assets to Boost Revenue, Report on AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global cryptocurrency market  size is estimated to grow by USD 39.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  16.7%  during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency  poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bit2Me, Bitfury Group Ltd., Cardano, CEX.IO Corp., Coinbase Global Inc., DOGECOIN, FMR…

Bitcoin Market Cycle Reflects Structural Similarities to 2015–2018, Says Glassnode  

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Bitcoin’s current bullish trajectory exhibits striking similarities to the 2015–2018 market cycle, as illuminated in a recent Glassnode report co-authored by analysts Cryptovizart and Ukuria OC. Bitcoin’s ‘Calm Before the Storm’: Data Reveals 2015-Like Countdown to Price Explosion The leading cryptocurrency’s price gains have moderated progressively across successive cycles, signaling an evolution toward a more […] Original