Cryptocurrency

On Thursday, it was announced that Senator Lummis is to chair the Senate Banking Subcommittee on Digital Assets.Lummis tweeted about her commitment to advancing digital asset legislation. She emphasized the need for Congress to pass a bipartisan framework that not only fosters innovation in digital assets but also strengthens the U.S. dollar with a “strategic bitcoin reserve.”“Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve,” Lummis wrote. She described her appointment as a historic opportunity to secure the nation’s financial future under President Trump’s administration.CZ, the founder and former CEO of Binance, amplified the buzz with a quote tweet stating, “US Strategic Bitcoin Reserve, pretty much confirmed. Crypto moving at crypto speed again.”In the announcement of Lummis’s new role, Senate Banking Committee Chair Tim Scott said ‘Blockchain technology and cryptocurrency have the potential to democratize the financial world.” he added that “there’s no better champion for the industry than my friend Cynthia Lummis,”“Working with the Trump administration and our colleagues in the House, we will advance a commonsense regulatory framework to facilitate innovation here in the United States, not overseas,” Scott added.If pursued, a U.S. Bitcoin reserve could further validate cryptocurrency’s role in global finance while positioning the U.S. as a leader in the digital asset space. More

Boba Network has announced the integration of Nucleus, a protocol designed for blockchain networks. This collaboration enables users bridging ETH, Liquidity Staking Tokens (LSTs), or Liquidity Reward Tokens (LRTs) to the Boba Network to engage with Ethereum mainnet functionalities while accessing various DeFi protocols, gaming platforms, and NFT marketplacesThe partnership aligns with Boba Network’s focus on scalability and user-focused development. The integration of Nucleus expands Boba Network’s ecosystem offerings, highlighting advancements in cross-chain functionality and composable infrastructure.Enhancing Results Through CohesionBoba Network’s advanced capabilities support Nucleus’s goal of integrating core functionalities into blockchain ecosystems.Aligning with Nucleus’s MissionBy deploying on Boba Network, Nucleus aims to integrate core functionality across multiple crypto networks. This approach supports ecosystem participation by leveraging Boba Network’s features, including speed, cost-efficiency, and access to a range of decentralized applications.What the Integration BringsThe collaboration between Nucleus and Boba Network aims to integrate advanced network functionalities as a core feature rather than an additional option. This integration seeks to enhance the accessibility and utility of blockchain technology, supporting broader adoption and facilitating advancements in decentralized finance and related fields.Users can learn more about Nucleus on Boba Network and experience how this integration is redefining blockchain networks.About NucleusNucleus is a protocol designed to integrate core functionalities at the foundational layer of blockchain ecosystems. By streamlining cross-chain operations and providing developers with tools for integrating advanced features, Nucleus aims to enhance how users interact with Web3 technologies.About Boba NetworkBoba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.Website: https://boba.networkTwitter: @bobanetworkLinkedIn: https://www.linkedin.com/company/bobanetwork/ContactMarketing ManagerGian KimEnya LabsGian@enya.aiThis article was originally published on Chainwire More

These smaller investors increased their BTC purchases at prices around $100,000. The increasing retail activity on the Bitcoin market reflects an influx of new investors. It demonstrates that the recent BTC surge is not caused by existing investors or whales artificially pushing the market up.Additionally, the growing retail demand for Bitcoin might signify an accumulation-phase trend. If the ongoing trend continues, it could cement the adoption of BTC, potentially leading to a further price uptrend.However, it is important to note that retail investors are historically more susceptible to panic during minor market fluctuations, often resulting in quick profit-taking. Therefore, Bitcoin could face increased selling pressure if volatility rises or market sentiment shifts negatively.As of this writing, BTC’s price has been trading at $102,395, down 3.5% in the last 24 hours.Meanwhile, BlackRock (NYSE:BLK) CEO Larry Fink recently forecast that Bitcoin could surge toward the $700,000 level. Fink said his prediction hinges on Bitcoin’s ability to attract broader institutional adoption. The CEO also revealed a potential Bitcoin investment with a sovereign wealth fund.This article was originally published on U.Today More

In a recent statement, Lummis expressed her commitment to the development of a comprehensive legal framework for digital assets. She cited the significance of these assets in financial innovation and the need for the U.S. to maintain its global leadership position in this domain.”Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establish a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic Bitcoin reserve,” said Lummis.She further conveyed her gratitude for the trust her colleagues have placed in her to chair this historic subcommittee. Lummis also highlighted her anticipation for leading bipartisan legislation to President Trump’s desk this year, aimed at securing the nation’s financial future.With this new role, Lummis is set to influence the direction of digital asset regulation in the United States. Her focus is expected to be on the urgent establishment of a legal framework for digital assets and strengthening the U.S. dollar with a strategic Bitcoin reserve.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Dogecoin, a digital currency widely recognized as the foremost memecoin, boasts a market capitalization close to $52 billion. Memecoins have been gaining increased attention of late, following the successful introduction and subsequent surge of the Official Trump memecoin, launched by former President Donald Trump, which has seen a rise of over 1056% since its launch last Friday.Billionaire entrepreneur Elon Musk is a well-known advocate of Dogecoin. He has even chosen to name the new Department of Government Efficiency (DOGE), which he oversees, after the popular memecoin.The application by Bitwise for the Dogecoin ETF is the latest development in the growing interaction between traditional finance and cryptocurrency markets. However, it should be noted that the filing is just the first step in a potentially lengthy regulatory process, and the approval of a Dogecoin ETF is not guaranteed.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Nibiru, a secure and high-performance blockchain, has reached successful code completion for its upcoming Nibiru EVM (Nibiru V2) upgrade.What is Nibiru EVM (Nibiru V2)?The Nibiru EVM Upgrade, also called Nibiru V2, is a “purely additive” enhancement to Nibiru that makes it an EVM-equivalent execution engine. This allows Ethereum-based application development teams to more easily build on Nibiru and take advantage of widely used tools like MetaMask and Coinbase (NASDAQ:COIN) Wallet.The team’s Jan 2025 Ecosystem Update also mentions the launch of several products on top of Nibiru V2, including a Uniswap V3 deployment by Oku, Astrovault’s cross-chain value capture DEX, tokenized private credit and T-bills, and Bridged USDC.Nibiru Lagrange Point: A Glimpse into the FutureBuilding upon the progress of the Nibiru EVM upgrade, Nibiru is unveiling the initial stages of its ambitious “Nibiru Lagrange Point” roadmap. This roadmap outlines a series of innovative advancements designed to further enhance the scalability, decentralization, and user experience on Nibiru.Nibiru Lagrange Point combines:About NibiruNibiru is a high-performance MultiVM blockchain that achieves fast finality, a block time of less than 1.8 seconds, and robust security. Backed by $20.5 million in funding from NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital, Nibiru enables developers to build and deploy smart contract applications interoperable across multiple virtual machines, such as the Ethereum Virtual Machine (EVM) and WebAssembly (Wasm).This article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce new rewards opportunities through bbSOL staking on Bybit Launchpool. Bybit users now have the option to participate in mining through bbSOL staking and to access diverse prize pools, all within a few clicks. With the availability of innovative staking solutions including bbSOL, balancing growth and stability does not have to be a challenge even in fast-moving market conditions. With its’ liquid staking on Solana, bbSOL is the first exchange-back token of its kind and is fast emerging as a pathway to opportunities in the Solana ecosystem, recording $240 million in total value locked.Currently available on Bybit, exclusive bbSOL Launchpools offer users an opportunity to win a share of OBT and SOSO pools: totalling up to 80 million OBT and 4 million SOSO tokens. The OBT Launchpool will run from now to Jan. 27, 10:00 UTC, while the SOSO Launchpool will be available until Jan. 31, 10:00 UTC. Eligible users may choose to stake in a pool of their choice to unlock rewards in OBT or SOSO: Bybit’s rewards program is part of its mission to expand its Web3 ecosystem and strengthen its on-chain capabilities, where bbSOL will serve as a versatile key to on-chain opportunities. For more information and the Bybit Launchpool events, users may visit:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Cryptocurrency markets took fleeting support from the Securities and Exchange Commission, which, under new leadership, said it will form a task force to help advise on crypto regulation. Markets were left wanting as Trump did not sign any executive orders related to crypto in his first few days in office, despite several industry participants hoping for such a move. The launch of $TRUMP, which logged wild price swings since its debut, also contributed to additional volatility in markets, while hype over artificial intelligence saw risk-heavy traders turn more biased towards equity markets. Bitcoin fell 2.9% to $102,600.2 by 00:54 ET (05:54 GMT). The world’s biggest cryptocurrency briefly hit a record high above $109,000 before Trump’s inauguration this week, but has since logged steep declines. Bitcoin largely failed to maintain its gains this week, as optimism over crypto-friendly policies under Trump appeared to be short-lived. While the SEC announcement does herald some progress towards friendlier regulation, the commission provided few details on just what policies will be covered by its task force. The SEC also did not provide a timeline for new regulation.A major point of contention for crypto markets was also that Trump signed no crypto-related executive orders, while his threats of tariffs on major economies dented risk appetite. Trump’s memecoin- $TRUMP- slid 13.7% to $37.413 on Thursday, sliding further from record highs of nearly $80 hit just after its launch. The token raised some concerns over the ethics of Trump using his influence to further his personal wealth. The President was seen largely avoiding questions over the billions of dollar of paper gains he had likely made from $TRUMP.BlackRock (NYSE:BLK) CEO Larry Fink offered some positive comments on Bitcoin, stating that he believed the crypto could rise to a $700,000 price if more people adopted it on concerns over the economic and political stability of their countries.Fink told Bloomberg that he believed in the utilization of Bitcoin as an internationally based instrument, although he clarified he was not promoting the crypto.BlackRock had last year launched an exchange-traded fund that tracked the spot price of Bitcoin- iShares Bitcoin Trust (NASDAQ:IBIT). The launch had initially attracted a deluge of capital flows in early-2024, although inflows have since floundered. Broader crypto prices fell in tandem with Bitcoin. World no.2 crypto Ether fell 3% to $3,216.16, while XRP fell 0.7% to $3.1404. Solana, Cardano, and Polygon sank between 2% and 4%, while among meme tokens, Dogecoin lost 3.8%. More