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06/02/2025

🇺🇸 Cryptocurrency Czar David Sachs calls regulation of stackablecoins a priority

David Sachs, Donald Trump's designated “czar” for cryptocurrencies and AI, said that the administration's key cryptocurrency challenge is to create a regulatory framework for stablecoins. In an interview with CNBC, he emphasized that such assets could strengthen the dollar's position internationally and increase demand for U.S. Treasuries.

Sachs spoke at a press conference with senators and members of Congress, where he supported the steiblecoin bill introduced by Senator Bill Hagerty. The document solidifies the status of stablecoins as digital assets tied to the dollar, imposes mandatory licensing of issuing companies (such as Tether or Circle) and reserve requirements, and aims to support “financial inclusion” and “strengthen the dollar's position.” According to Sachs, the bill could be passed in the next six months.

The Solana network has been running smoothly for a yearThe Solana blockchain has operated without interruptions for a ye...
06/02/2025

The Solana network has been running smoothly for a year

The Solana blockchain has operated without interruptions for a year, which is a record period of its stability. The last outage was recorded on February 6, 2024, when the network stopped for about 5 hours due to a failure in the code loading mechanism.

Solana has experienced prolonged downtime at least 10 times. In January 2022, the outage lasted 30 hours due to bots overloading the network during sudden market movements.

In September 2021, an influx of transactions during an IDO on the Raydium platform caused the network to be unable to process blocks for 17 hours. In May 2022, a spam of transactions from NFT bots caused a loss of consensus, and network operation was restored after only 7 hours.

MicroStrategy plans to raise funds to buy bitcoin through a stock offeringMicroStrategy announced plans to raise additio...
28/01/2025

MicroStrategy plans to raise funds to buy bitcoin through a stock offering

MicroStrategy announced plans to raise additional funds to buy bitcoins through a 2.5 million Series A perpetual preferred stock offering.

MicroStrategy (MSTR) shares are trading at $354 and have been included in the NASDAQ-100 Index since December.

MicroStrategy's strategy, led by Michael Saylor, focuses on bitcoin accumulation. The company is implementing a three-year “21/21 Plan” to raise $42 billion: $21 billion through an equity offering and another $21 billion through a bond issue.

MicroStrategy previously had 330 million shares of Class A common stock and 5 million shares of preferred stock. Last week, the company's shareholders approved the issuance of additional shares to fund new bitcoin purchases.

The decision was supported by 56% of shareholders, including 47% of the votes held by Michael Saylor. The company will now be able to increase the number of common shares to 10.33 billion and preferred shares to 1.005 billion.

24/01/2025

Reuters: ECB sees digital euro as a response to Trump's stealthcoin strategy

The European Central Bank (ECB) said its plan to create a digital euro has intensified amid Donald Trump's executive order banning the Federal Reserve from issuing a digital national currency (CBDC), Reuters reported.

Trump's Jan. 23 executive order announced support for dollar-linked stablecoins to “foster their development around the world.” ECB board member Piero Cipollone said this creates new challenges for banks and makes the digital euro a necessity.

“This U.S. strategy reduces the role of banks: they lose commissions, they lose customers... That's why we need a digital euro,” Cipollone said at a conference in Frankfurt.

The ECB is only experimenting with the digital euro for now. The final decision on the launch will be made only after the relevant legislation is approved.

Who bought TRUMP and MELANIA memcoins. Chainalysis statisticsChainalysis has determined, based on wallet analysis, that ...
24/01/2025

Who bought TRUMP and MELANIA memcoins. Chainalysis statistics

Chainalysis has determined, based on wallet analysis, that the majority of TRUMP and MELANIA memcoin holders are retail traders or complete beginners.

Donald Trump speaking at the World Economic Forum in Davos said that the US will become the capital of the world for the...
24/01/2025

Donald Trump speaking at the World Economic Forum in Davos said that the US will become the capital of the world for the development of artificial intelligence and cryptocurrencies

MicroStrategy founder Michael Saylor wrote in X that “the 47th president of the United States' company just bought $47 m...
21/01/2025

MicroStrategy founder Michael Saylor wrote in X that “the 47th president of the United States' company just bought $47 million worth of bitcoin.”

According to markup data from Arkham, Donald Trump's family's World Liberty Financial project wallet holds 457,777 WBTC (“wrapped” bitcoins on the Ethereum network) totaling $47.65 million.

Dogecoin's price reacted to the launch of the U.S. Department Of Government Efficiency (D.O.G.E.) website with a 13% inc...
21/01/2025

Dogecoin's price reacted to the launch of the U.S. Department Of Government Efficiency (D.O.G.E.) website with a 13% increase.

16/01/2025

Tether will launch a USDT0 cross-network stablecoin. The first network on which it will appear will be the L2 blockchain Ink, developed by the Kraken exchange team. Support for Berachain and MegaETH networks is also announced on the project's website.

Reportedly, the idea behind USDT0 is to create a ‘unified liquidity layer’ that allows token transfer from one blockchain network to another without conversion and additional actions.

USDT0 uses a token standard developed by the LayerZero project that allows inter-network transfers to ‘burn’ tokens on one network and simultaneously release them on another.

16/01/2025

The price of Ripple's XRP rose by almost 20% overnight and hit a 7-year high.

At the moment, the XRP rate on Xbitspot reached $3.38 with the token's capitalisation of more than $189.7 billion.

The volume of open interest in XRP futures reached a record $7.7bn. Over $26m was liquidated in short positions (shorts) of traders betting on XRP's decline over the course of the day.

Against the backdrop of a significant increase in the price of Ripple's token (25% for the week and 40% YTD), X recall...
15/01/2025

Against the backdrop of a significant increase in the price of Ripple's token (25% for the week and 40% YTD), X recalled that during the 2017-2018 market cycle, XRP repeatedly shot to second place in terms of capitalisation, ahead of Ethereum.

is trading at $2.85 with a market capitalisation of $163.7 billion. has a capitalisation of $389 billion.

A positive news agenda has formed around Ripple. Ripple is one of the biggest backers of Donald Trump's future inauguration (and before that, his election campaign).

Today is the deadline for the US SEC to appeal the case against Ripple. The department has been suing Ripple for several years, trying to equate XRP with unregistered securities, but in 2023 the court ruled that XRP retail sales cannot be viewed from that position.

Analysts at JPMorgan Bank predict that inflows into XRP-based exchange-traded funds (ETFs) could surpass those of existing Ethereum funds within six months of launch.

In addition, onchain analysts note an increase in XRP purchases by large holders over the past 2 months, and the launch of Ripple's future RLUSD stablecoin RLUSD is being negotiated with major crypto exchanges, including .

🔽 BTC below $90,000, ETH below $3000
13/01/2025

🔽 BTC below $90,000, ETH below $3000

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