Month: January 2025

SUI Strong Resilience Play: Price Push Past $3.9 Resistance

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SUI has surged past the key $3.9 resistance level, sparking renewed optimism among traders and investors. This breakout marks a crucial shift in momentum, signaling that bulls are gaining control after a period of consolidation. The increasing buying pressure and strong trading volume indicate growing confidence in SUI’s potential for further upside.  If the uptrend continues, SUI could set its sights on higher resistance levels, fueling speculation of a sustained rally. However, maintaining this breakout is essential, as failure to hold above $3.9 might invite selling pressure and lead to…

XRP Logged $400M DEX Volumes in January, Ripple’s Brad Garlinghouse Says

Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January as the network gains traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a community call on Wednesday, Volumes average over $17 million daily this month, with over $1 billion since its 2024 launch. The rapid expansion of the XRP Ledger’s DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple,” Garlinghouse said, alongside the “early but promising…

South Korean P2P CEO accused of using client funds to buy crypto

The CEO of a major South Korean P2P lender has been accused of using funds for a construction project to make personal crypto purchases. According to a report by local media outlet NBN Media, an unnamed investor and private equity fund operator has been investing money into the P2P financial lender’s construction project since 2018. Although the report did not identify the name of the CEO or revealed the company he works at, it was noted that the investment project advertised on the company platform was for a low-rise, residential…

Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa

Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support SME growth across the continent. Moniepoint processes over 1 billion transactions monthly, […] Source CryptoX Portal

No More Bitcoin Bear Markets? Fund CIO Explores New Reality

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Este artículo también está disponible en español. In a new investor note published on January 29, 2025, Matt Hougan, Chief Investment Officer at Bitwise, questioned whether the historical four-year market cycle of Bitcoin could finally be coming to an end. His reasoning is rooted in seismic shifts in US policy toward crypto, highlighted by a recent executive order from President Trump aimed at solidifying the nation’s leadership in digital assets. Could 2026 Buck The Bitcoin Bear Trend? Hougan’s note begins with an explanation of the so-called “four-year cycle,” where Bitcoin…

El Salvador amends Bitcoin policies to secure $1.4b IMF Deal

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El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund. According to Reuters, El Salvador Congress has approved the reforms within minutes of receiving them from President Nayib Bukele, aligning the country’s Bitcoin policies with the terms of its $1.4 billion loan agreement with the IMF. El Salvador, once locked out of traditional financial markets due to its high debt and unconventional Bitcoin experiment, had little choice but to seek a lifeline. With soaring bond yields and limited access to fresh capital,…

Bitcoin ETF inflows remain weak amid Fed’s decision

Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee’s decision yesterday to keep interest rates unchanged weighs on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $92.09 million in inflows on Jan. 29, continuing the weak inflow trend for the second consecutive day. The majority of inflows seen on the day came from Grayscale’s mini Bitcoin Trust which drew in $106.23 million followed by Fidelity’s FBTC with $18.2 million in inflows. Meanwhile, BlackRock’s IBIT, which…

Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge?

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Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480…

Forbes Ranks Best Crypto Exchanges for 2025: CME Group, Coinbase Lead the List

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According to Forbes’ research of retail crypto traders, asset safety remained the most critical feature that exchange users want. Crypto Users Have Crossed the 500 Million Mark Globally Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, and regulatory compliance. Topping the list is […] Source

Illinois leads the U.S. in creating first Bitcoin Reserve

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Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal referred to Rules Committee by John Cabello. On Jan. 29, the Bitcoin Strategic Bill was referred to the Rules Committee to establish regulations and fast-track its approval process. Illinois State Rep. John Cabello introduced the bill to set the groundwork for Bitcoin (BTC) to become the new strategic asset of Illinois.  Bitcoin Reserve bill for Illinois Under the new legislation, the Illinois State Treasurer would manage the fund and…