Cryptocurrency

However, since it was slightly abstract, commentators interpreted it in their own way.Judging by his previous tweet which announced the beginning of “a new era” and the reaction of the crypto community to both, CZ referred to the inauguration of the new US president as he took office on Monday with Elon Musk and other big figures from the financial world visiting it and giving speeches to the audience.However, some began criticizing Donald Trump for launching his own meme coin on the Solana chain on his first day as president, calling it an “s-coin” and saying they were embarrassed to see this. They also claimed that the new president will hardly benefit the cryptocurrency space contrary to the wide-spread opinion that he would and despite his promises made before the election in November.CZ did not enter any debates about that, nor did he name the president in either of his tweets but the timing when they were released clearly indicates that he commented on the Monday’s big US political event.On the same day, BTC scored a new all-time high, rising to the $109,114 price mark ahead of the aforementioned key political event in Washington D.C. In a tweet published over the weekend, CZ doubled down on his recent statement that he believes now to be “early” times for Bitcoin, investment in crypto and the opportunities it offers.By now, the BTC price has plunged by 6.55% and is changing hands at $102,307 per coin.This article was originally published on U.Today More

The investment follows GRVT’s recent acquisition of a Class M Digital Asset Business License from the Bermuda Monetary Authority, positioning it as the world’s first regulated decentralized exchange (DEX).GRVT’s Mainnet Alpha, launched last month, reported a 30-day trading volume of nearly $1.3 billion, with a record 24-hour trading volume of $88 million. These figures underscore the platform’s growing traction and its commitment to compliant and innovative DeFi solutions in the region.The strategic investment by Further Ventures, a prominent player in capital markets infrastructure, highlights their belief in GRVT’s vision and its potential to innovate in the financial sector. This partnership aims to bolster the development of institutional-grade on-chain investment products in the Middle East.Further Ventures will support GRVT in areas such as product development, legal and regulatory compliance, talent acquisition, and business expansion. This collaboration is expected to enhance GRVT’s offerings to both retail and institutional traders in the Middle East, and it aligns with the exchange’s ambition to obtain an Abu Dhabi Global Market capital markets license.Hong Yea, Co-Founder and CEO of GRVT, expressed enthusiasm for the partnership with Further Ventures, which he believes will be pivotal in the exchange’s growth and expansion into Abu Dhabi’s dynamic crypto ecosystem. Mohamed Hamdy, Managing Partner at Further Ventures, commended GRVT’s approach to combining decentralized finance (DeFi) with traditional finance (TradFi) principles, emphasizing compliance and self-custody.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

According to the analyst, the Democrats are expected to seek detailed information on the purchasers of the coins, potentially to determine if foreign governments or businesses used the tokens to gain favor with the Trump team.“This puts at risk the ability to advance the crypto bill with the bipartisan support it will need to become law,” Seiberg said in a note.He pointed out that the introduction of the Trump coin might lead to increased demands from Democrats for transparency regarding the buyers and the reasons behind the coin’s price increase.“They will be searching for indications that foreign governments, foreign businesses and domestic companies are using the coin to influence Trump’s decision-making. They also will demand details on how the Trump family is monetizing this investment,” Seiberg explained.In turn, Republicans will likely respond to these inquiries, the analyst added, potentially increasing partisan tensions and complicating the pursuit of a bipartisan agreement on the crypto market structure.“We also do not expect the Trump family or the Trump administration to cooperate with any Democratic investigations,” he added.Seiberg suggests that a possible solution to this impasse could be a two-pronged strategy where Democrats conduct an investigation into the Trump coin separately from the legislative efforts. Such an approach might allow for the continuation of the market structure bill’s progress while addressing concerns about the Trump family’s cryptocurrency venture.Despite these complications, Seiberg believes that the passage of the crypto market structure bill may already have been delayed until 2026 due to both parties focusing on fundraising for the midterm elections. This delay could provide Democrats with sufficient time to complete their investigation into the Trump coin before the market structure legislation is put to a vote.Trump coins and Bitcoin experienced a downturn on Tuesday after President Trump’s initial policy announcements omitted any mention of digital assets.Bitcoin, which hit an all-time high of $109,071 on Monday during Trump’s inauguration, fell to $103,740.0 on Tuesday. The meme coin $TRUMP, launched just days prior, saw a similar pattern, climbing from $6.50 at launch to $74.59 on Monday before retreating to $39.56. More

The Ether-to-Bitcoin price ratio, a measure of the second-largest token’s performance against the largest, dropped to its lowest level since 2021 on Monday, according to data analyzed by Bloomberg. During the same period, Bitcoin reached a record high of $109,241. Meanwhile, Solana’s native token, a blockchain that competes with Ethereum, achieved new highs over the weekend.The surge in Solana’s value was largely driven by two memecoins introduced on its blockchain by Trump and his wife Melania leading up to his inauguration. Trump’s memecoin saw intense trading activity over the weekend, reaching a market capitalization of $15 billion before experiencing a sharp drop, as per data from CoinMarketCap. The pro-crypto stance adopted by the Republicans has benefitted most major digital assets since Trump’s victory over Democrat Kamala Harris in November.Memecoins, often represented by joke tokens like Dogecoin, are highly volatile cryptocurrencies with little inherent value. They can record substantial gains if they garner the attention of social media users, but are equally susceptible to rapid crashes.Solana, self-proclaimed as an “Ethereum killer,” has become the preferred network for memecoin launches. The price ratio of its token against Ether reached a record high on Sunday, as speculators invested heavily in the Trump coins.While other cryptocurrencies are setting records, Ether remains about 30% below its 2021 peak. Over the past 12 months, the token has increased by 39%, compared to gains of 156% and 180% for Bitcoin and Solana, respectively.The comparatively subdued demand for Ether has caused concern among investors. Over the past three months, a group of 12 Bitcoin exchange-traded funds in the US saw a net inflow of over $17 billion, while similar Ether-investing products only attracted $3 billion, according to Bloomberg data.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Dolomite, a decentralized money market protocol, announced the upcoming launch of its pre-deposit campaign for Berachain, an emerging layer-1 blockchain with an innovative Proof of Liquidity (PoL) consensus mechanism that has already accrued around $2B in liquidity. This campaign allows users to commit assets to Dolomite ahead of Berachain’s official launch through Royco, the market for any onchain action, and earn future rewards.Through the campaign, participants can freely commit and uncommit assets until the Berachain mainnet goes live. Once the launch of Berachain occurs, committed assets will be locked on Dolomite for a predetermined period, with the lock up period bringing added incentives. On top of a base lending yield for providing lendable assets such as HONEY, USDC, ETH, and WBTC, users will receive veDOLO and BERA as additional rewards for their lockup. 30 million veDOLO tokens will be distributed, with reward weights varying by asset type. Berachain has committed 1%+ of the supply of BERA to be dedicated to Royco deposits. Shortly after the TGE, Dolomite will launch its liquidity mining program, allowing those supplying qualifying assets to earn oDOLO in addition to the veDOLO, BERA, and interest.Dolomite’s robust lending technology empowers users to unlock new efficiencies. Notably, the platform allows users to borrow against assets staked in PoL, repay debts using collateral, and loop borrowing processes in a single click. Furthermore, Dolomite will support borrowing against $BGT, Berachain’s soulbound and non-transferable governance token. As $BGT is not supported as collateral by other lending protocols on Berachain due to its non-transferable nature, Dolomite provides a critical solution for unlocking the utility of $BGT. Combined with Berachain’s ecosystem, the Royco campaign positions Dolomite to become a hub for liquidity on the Berachain blockchain.Lendable and non-lendable assets are both eligible for the Royco campaign. Lendable assets, including HONEY, USDC, NECT, ETH, and WBTC, will be locked for 90 days and receive a majority of rewards due to their support for the protocol’s lending and borrowing ecosystem. Non-lendable assets, such as uniBTC and beraETH, are locked for 30 days and receive a smaller share of rewards.Dolomite’s deployment on Berachain aligns with its ongoing mission to create a secure, efficient, and user-focused decentralized finance ecosystem. With over two years of secure operations, $800 million in trade volume processed, and over $115 million in TVL, Dolomite has established itself as a reliable and innovative platform. By combining Dolomite’s robust lending technology with Berachain’s dynamic ecosystem, this campaign provides participants with tools to maximize capital efficiency and support a protocol as it becomes a central hub for liquidity and innovation.Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomite’s advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets.Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies.Website | X | Telegram | DiscordAbout BerachainBerachain is an EVM-identical Layer 1 (L1) blockchain that uses the novel Proof of Liquidity (PoL) consensus mechanism to secure the network and fuel the application layer. PoL enables users to earn directly from the network for contributing liquidity or performing incentivized actions—transforming the chain’s inflation into fuel for its applications and their users. This model aligns incentives with users who support the network over the long term, creating a sustainable ecosystem where the network’s growth and liquidity reinforce each other while increasing its security. What started as an NFT project in 2021 has evolved into a full-fledged blockchain ecosystem backed by a grassroots army of left and right curvers.ContactCo-founder and COOAdam Knuckeycontact@dolomite.ioThis article was originally published on Chainwire More

Bitcoin, the largest cryptocurrency by market capitalization, reached a record high of $109,071 on Monday as Trump was sworn in as the 47th U.S. president. However, those gains quickly reversed, with the cryptocurrency trading at $102,100.0 by 04:27 ET (09:27 GMT) on Tuesday.The Trump-themed meme coin, $TRUMP, launched just days earlier on Friday, also saw a sharp drop. Priced at $6.5 at launch, it surged to a peak of $74.59 on Monday, giving it a valuation of over $14 billion. At the time of writing on Tuesday, the coin was trading at $40.20, according to CoinGecko.In his inaugural speech, Trump outlined various executive actions on trade tariffs, immigration, energy deregulation, and even issued a reprieve for TikTok. Yet, cryptocurrencies went unmentioned, disappointing industry stakeholders who had hoped for significant policy shifts under the crypto-friendly president.”I think in the short term there’s a chance this could be a sell-the-news event,” said Matthew Dibb, chief investment officer at Astronaut Capital. He noted that many investors had anticipated immediate executive actions addressing digital assets.”The market has some great expectations about a bitcoin strategic reserve and a loosening of regulations around digital assets, but it’s more likely these developments will be drip-fed over a series of months rather than days. Bitcoin has already retreated … We are expecting further volatility here and likely a selloff,” Dibb added.The crypto exchange-traded funds (ETFs) also felt the pressure, with the ChinaAMC Bitcoin ETF (HK:83042) dropping more than 5%.Despite the lack of immediate action on cryptocurrencies, Trump’s early personnel moves offered some hope for the industry.Mark Uyeda, a Republican member of the SEC, was named acting chair of the agency, with Trump planning to nominate former SEC Commissioner Paul Atkins for the permanent role.Atkins is expected to roll back the crypto crackdown initiated under Gary Gensler, Biden’s Democratic SEC chair. Uyeda has also criticized the agency for failing to provide clear guidance for crypto firms.Republican SEC officials are reportedly preparing to overhaul the agency’s cryptocurrency policies, with changes potentially coming as soon as next week, Reuters said in a report, citing sources familiar with the matter.Meanwhile, Trump’s launch of the $TRUMP token and First Lady Melania Trump’s $MELANIA token before his inauguration has raised conflict-of-interest concerns, Reuters said, citing ethics experts.Eighty percent of $TRUMP tokens are owned by CIC Digital, an affiliate of Trump’s business, and another entity called Fight, Fight, Fight. The companies claim the tokens are not investments but an “expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP’.”Separately, World Liberty Financial, another Trump-linked crypto project, raised $300 million through an initial token sale. Trump has promised to transfer the management of his assets to his children, but the crypto asset is drawing significant scrutiny for its potential to rapidly generate billions in speculative investments with minimal transparency. More

Crypto markets had rallied on Monday ahead of Trump’s inauguration, especially amid reports that the President would dole out pro-crypto executive orders upon taking office.But Trump so far made no references to crypto policy, with his orders instead focusing on several other campaign promises, including TikTok, trade, and the energy sector.Bitcoin slumped from record highs of over $109,000 on this trend, with uncertainty over Trump’s plans for trade tariffs also weighing on risk appetite. The world’s biggest cryptocurrency was trading down 5.2% at $101,820.7 by 01:32 ET (06:32 GMT).Crypto markets were also rattled by Trump’s launch of two memecoins- $TRUMP and $MELANIA, which ramped up volatility in the sector despite being received positively by traders. Crypto markets were holding out for some executive orders from Trump, after the President made no reference to the industry in a flurry of executive orders signed through Monday. Trump threatened trade tariffs against Canada and Mexico, declared a national emergency over the energy sector, and even allowed social media platform TikTok an extension in the implementation of a publicly opposed ban. But the President- who had campaigned on a pro-crypto platform- did not sign any orders addressing the industry. Media reports prior to his inauguration showed crypto industry members, such as Circle CEO Jeremy Allaire, were expecting pro-crypto orders “imminently.” Bitcoin had surged to record highs on this notion, although it only briefly held those levels. Despite some hopes for Trump’s policies, sentiment towards crypto markets was also dented by the launch of two memecoins by the President.While trader demand for $TRUMP was initially robust, the memecoin logged wild swings after falling sharply from weekend highs. Data from Coinmarketcap showed the memecoin had a market capital of $7 billion, about half of its weekend peaks. The launch of $MELANIA, named after the First Lady, was met with less enthusiasm, with traders raising some ethical questions over Trump leveraging his political standing to influence speculative markets to his favor. Both tokens substantially boosted the President’s personal net worth, at least on paper.Broader crypto prices fell in tandem with Bitcoin, as the market was underwhelmed by a lack of crypto-oriented orders from Trump.World no.2 token Ether fell 5.2% to $3,238.23, while XRP fell 3.8% to $3.0528.Solana, Cardano, and Polygon slid between 3.8% and 7%, while among meme tokens, Dogecoin lost 6.1%. More

In January 2010, Bitcoin was still in its infancy, with little awareness and a low price. Launched a year earlier, in January 2009, by its pseudonymous creator(s) Satoshi Nakamoto, Bitcoin at the time was a niche innovation discussed exclusively among cryptography enthusiasts and a few early adopters.The first known Bitcoin transaction occurred in May 2010, when programmer Laszlo Hanyecz famously paid 10,000 BTC for two pizzas. Bitcoin, the world’s largest cryptocurrency by market cap, has come a long way from its humble beginnings.Fast forward to the present, and Bitcoin’s worth has skyrocketed. From a price of $0.50 15 years back, Bitcoin has reached all-time highs, with prices reaching six figures. At the time of writing, BTC was trading above $106,000.At the time of writing, BTC was up 2.21% at $106,960, according to CoinMarketCap data.On-chain analytics firm Glassnode indicated that as Bitcoin approached a new all-time high above $109,000, long-term holder NUPL has crossed the 0.75 threshold, associated with the euphoria/greed phase of the market cycle.A recapture of the short-term holder’s profitability momentum was observed, as expressed by BTC’s STH MVRV, currently at 1.16 — above the one-year trendline of 1.1. A notable uptick in Bitcoin’s Futures Perpetual Funding Rate was also observed, reaching around 0.035%, the highest level since Dec. 5.This article was originally published on U.Today More