🔍 Market Summary

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Bitcoin reenters $100,000 territory amid lower inflation data and expectations for Trump

Bitcoin reenters $100,000 territory amid lower inflation data and expectations for Trump

Bitcoin’s price broke above $100,000 on Friday morning in Asia as investors anticipate slowing inflation and potential positive crypto policies from U.S. President-elect Donald TrumpAccording to The Block’s bitcoin price page, the cryptocurrency rose over 2% in the past day to reach $102,071 at arou…

Trump to make crypto a national priority in upcoming executive order: Bloomberg

Trump to make crypto a national priority in upcoming executive order: Bloomberg

U.S. President-elect Donald Trump intends to issue an executive order to set cryptocurrency as a national policy priority, Bloomberg reported, citing sources familiar with the matter.The sources said that the executive order is expected to establish crypto as a national imperative, aiming to enhance…

Self-custody wallet provider Cntrl Wallet looks to be acquired

Self-custody wallet provider Cntrl Wallet looks to be acquired

Cntrl Wallet, a self-custody digital wallet provider previously known as XDEFI, is moving to get acquired to help scale the firm. "After nearly 5 years of building Cntrl Wallet, we’ve made the decision to explore opportunities for the company through an acquisition," the firm's founder and CEO Emile…

Thailand proposes banning Polymarket amid online gambling crackdown

Thailand proposes banning Polymarket amid online gambling crackdown

Thailand’s cybercrime authorities plan to propose banning decentralized prediction marketplace Polymarket, as it may be deemed an online gambling website, which is considered illegal in the country.The nation’s cyber crime investigation bureau held a press briefing on Tuesday, suggesting that suspen…

Semler Scientific expands bitcoin holdings to 2,321 BTC with latest $23 million purchase

Semler Scientific expands bitcoin holdings to 2,321 BTC with latest $23 million purchase

Nasdaq-listed healthcare tech firm Semler Scientific purchased 237 additional bitcoin for $23.3 million over the course of four weeks, as the company remains bullish on the world's largest cryptocurrency.Semler disclosed on Monday that between Dec. 16, 2024 to Jan. 10, it had acquired 237 bitcoin wi…

Sony’s Soneium blockchain faces backlash over alleged blacklisting of memecoins on launch day

Sony’s Soneium blockchain faces backlash over alleged blacklisting of memecoins on launch day

The launch of Sony’s Layer 2 blockchain, Soneium, has sparked controversy due to its alleged action of blacklisting a few memecoins for infringing on intellectual property rights.This action, reported to have occurred on the network's launch day, apparently resulted in some tokens being restricted, …

Tether poised to relocate to El Salvador after securing DASP license

Tether poised to relocate to El Salvador after securing DASP license

Tether said it's "about to complete all formalities" required to relocate to El Salvador following the successful acquisition of a Digital Asset Service Provider (DASP) license."El Salvador is rapidly establishing itself as a global hub for digital assets and technology innovation," Tether said Mond…

Layer 1 shakeup: Sui outpaces competitors with record gains and 7.5 billion transactions in 2024

Layer 1 shakeup: Sui outpaces competitors with record gains and 7.5 billion transactions in 2024

Sui (SUI) leads L1 tokens, delivering a remarkable 542% one-year return and significantly outpacing its competitors. The token, which traded at $0.80 a year ago, reached $5.21, while the second-best performer, BNB, returned 132% during the same period. This performance differential highlights the gr…

AI agent tokens reel from a steep market correction

AI agent tokens reel from a steep market correction

Over the past week, the AI agent token market has experienced a notable decline, while the largest cryptocurrency, bitcoin, has continued to trade sideways.The native token of ai16z, which supports a DAO-run venture fund and the Eliza OS agent framework, saw its price halve over the last week — from…

Oklahoma man pleads guilty to wire fraud conspiracy charges related to $9.4 million crypto scam

Oklahoma man pleads guilty to wire fraud conspiracy charges related to $9.4 million crypto scam

Travis Ford, a 35-year-old Oklahoma man, pleaded guilty to one count of conspiracy to commit wire fraud related to his role in operating a "fraudulent" cryptocurrency investment firm, according to a release from the U.S. Department of Justice on Friday. Ford helmed Wolf Capital Crypto Trading LLC, o…

Alleged Blender and Sinbad crypto mixer operators charged in money laundering case

Alleged Blender and Sinbad crypto mixer operators charged in money laundering case

A Northern District of Georgia federal grand jury charged three Russian nationals for alleged crimes connected to operating two crypto mixers. The defendants, Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik and Anton Vyachlavovich Tarasov, allegedly operated two mixers called Blender.io a…

The Daily: Usual Money update causes a stir, UK clarifies crypto staking exemption and more

The Daily: Usual Money update causes a stir, UK clarifies crypto staking exemption and more

It's Friday! With the weekend just around the corner, settle in as we get you up to speed on some usual—and unusual—news in the crypto space. In today's newsletter, a Usual Money update sparks community criticism, the UK clarifies its crypto staking rules, Bybit is set to restrict services in India …