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The following article is adapted from The Blockās newsletter,Ā The Daily, which comes out on weekday afternoons.Happy Friday! As we wrap up the first month of 2025, it's been another action-packed week in the crypto world. So grab a brew, take five and catch up on all the latest.In today's newsletterā¦
Bitcoin is trading less than 5% below its all-time high of $109,500, yet demand for leverage in perpetual contracts remains balanced between longs (buyers) and shorts (sellers). At first, this might seem concerning, but it does not necessarily increase the likelihood of a correction below $100,000.ā¦
Grayscale Investments said on Friday it was launching an investment fund aimed at dogecoin, as the cryptocurrency asset manager looks to tap into the increasing momentum around alternatives to bitcoin.The Grayscale Dogecoin Trust will offer investors an opportunity to gain exposure to a token thā¦
Purpose Investments, the firm behind the world's first spot Bitcoin ETF, is looking to expand its digital asset offerings with a proposed spot XRP ETF, the first of its kind, pending regulatory approval.According to a new press release , the Toronto-based fund manager, which oversees over $23 billioā¦
Solana memecoin creation platform Pump.fun was hit with a proposed class-action suit alleging every token it helped make is an unregistered security from which it made nearly $500 million in fees.The suit filed by Diego Aguilar in a New York federal court on Jan. 30 claimed that Pump.fun, allegedly ā¦
Web3 infrastructure provider Elastos has closed a $20-million investment round as part of a broader push to bring more decentralized finance (DeFi) services to the Bitcoin market.Ā According to a Jan. 30 announcement, the investment came from Rollman Management Digital, a global investment network tā¦
Bitcoin could climb to as high as $130,000 over the next two months as institutional inflows increase, according to Standard Chartered head of forex and digital assets research Geoff Kendrick.The Standard Chartered analyst highlighted in a note on Thursday that the market has entered a period of relā¦
After the Federal Open Market Committee (FOMC) announced that interest rates would remain unchanged at 4.25%-4.50%, Bitcoinās price showed no significant fluctuations.The CMEās FedWatch tool had already projected a 99.5% probability that the Fed would hold rates steady. Following the announcement, Bā¦
Coinbase has strengthened its Global Advisory Council with four political and financial heavyweights, signaling a deeper push into policymaking.The crypto exchange operator has added former Senator Kyrsten Sinema, President Donald Trump's winning 2024 co-campaign manager Chris LaCivita, former Federā¦
Tokens from Solana memecoin launchpad Pump.fun recorded an all-time high of $3.3 billion in weekly trading volume, fueled by a torrent of President Donald Trump-themed memecoins.On Jan. 23 alone, trading soared past $544 million, smashing previous single-day records, Dune Analytics data shows.The chā¦
Truth Social parent Trump Media and Technology Group said on Wednesday its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi, sending shares of the firm up over 11% in early trading. The company board has also authorized an investment of up toā¦
Following Business Growth, Company Initiates Purchases and Shares Long-Term ViewĀ West Seneca, New York, Jan. 29, 2025 (GLOBE NEWSWIRE) ā Worksport Ltd. (āWorksportā or the āCompanyā), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, anā¦