Author: WebDesk

Luisa Crawford Jan 25, 2025 01:21 Mask Network launches a collaborative Lucky Drop event for the Year of the Snake, partnering with Web3 projects to distribute 3,000 USDT in rewards. As the Chinese New Year 2025 approaches, Mask Network has announced a thrilling Lucky Drop event in celebration of the Year of the Snake. The event, slated for January 27-28, 2025, aims to spread joy and fortune by collaborating with prominent Web3 projects, as reported by Mask Network. Lucky Drop Event Details In partnership with Firefly, NextID, World3, Scroll, Flock.io, GMNetwork, Matters.town, Rootdata,…

The “America First” policies of the Trump administration could weaken currencies such as the Nigerian naira, leading to higher debt servicing costs. Trump Threat The “America First” policies of the Trump administration could lead to the weakening of currencies like the Nigerian naira, which in turn raises the cost of servicing debt. Furthermore, these policies, […] Credit: Source link

The U.S. Securities and Exchange Commission (SEC) has revised its controversial Staff Accounting Bulletin No. 121 (SAB 121), days after the agency formed the New Crypto Task Force, a move that is expected to facilitate cryptocurrency adoption by traditional banking institutions.  The previous guidance required firms to recognize customers’ crypto holdings as liabilities on their balance sheets, which attracted strong criticism from the digital asset industry. However, the latest revision removes this requirement. Simply put, the revision will make it easier for banks to offer cryptocurrency exposure to their clients.  Bye, bye SAB 121! It’s not been fun: https://t.co/cIwUc0isUE |…

Lido DAO’s native token, LDO, has captured the attention of crypto enthusiasts following a strong rally in the past 24 hours. However, the token is now testing a key resistance level at $2.10, a level historically associated with selling pressure and price declines.$7.18 Million LDO Inflows into Exchanges As LDO’s price surged, on-chain data from CoinGlass revealed an inflow of $7.18 million worth of LDO tokens into exchanges, hinting that long-term holders or whales may be preparing to sell.Source: CoinglassThe inflows into the exchanges suggest that long-term holders or whales have moved their holdings to the exchanges for a potential sell-off.…

Ripple Labs has filed a request with the U.S. Court of Appeals for the Second Circuit seeking an April 16, 2025 deadline for its cross-appeal brief in the Ripple vs. SEC case. The Ripple Labs legal team filed the request on Jan. 23, with the crypto company’s legal team noting that Ripple co-founder Chris Larsen and chief executive officer Brad Garlinghouse “join in this request.” “I write on behalf of Appellee-Cross-Appellant Ripple Labs Inc (“Ripple”) concerning the above appeal and cross-appeal. Under this Court’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its brief. I am…

Curious about the latest buzz in the crypto world? SEI is making headlines with its promising price predictions, while Cardano is turning heads as whales boost their holdings, hinting at a potential rally in 2025. These developments showcase the dynamic nature of the crypto market, offering opportunities for both short-term gains and long-term investments. But there’s a new player in town that’s addressing real-world challenges in ways others haven’t—Qubetics ($TICS). Unlike its predecessors, Qubetics is tackling issues like cross-border transactions and scalability head-on. With its presale gaining traction, it’s becoming one of the top crypto gems to buy. So, what…

MicroStrategy’s Michael Saylor has proposed a comprehensive Digital Assets Framework to position the United States as a global leader in the digital economy. The blueprint strives to unlock trillions in value, streamline regulation, and reinforce the U.S. dollar’s dominance following the newly elected Donald Trump administration. In the second term, Donald Trump is expected to form a crypto-friendly regulatory framework, including a Bitcoin reserve.  Michael Saylor Defines Digital Assets: A Clear Taxonomy  Saylor’s framework proposes six distinct digital asset classes to create regulatory clarity: Digital Commodity- Issuer-less, backed by digital power (e.g., Bitcoin). Digital Security- Tied to traditional financial assets like…

In a show of strength, the ONDO token has surged 36% from a key support zone, reigniting bullish sentiment among investors and analysts alike. The cryptocurrency consolidated near the $1.09 level and demonstrated resilience as it bounced sharply to touch $1.49, signaling a likely reversal in its recent downtrend. Following this rise, ONDO’s price aligns with the 38.20% Fibonacci retracement level, an area historically proving to be an accumulation zone as buyers chipped in to prevent further losses upon hit. Adding to the optimistic outlook, the token’s momentum indicators reflect a strengthening bullish case. The Relative Strength Index, for instance,…

Lately, there’s been a frenzy in the altcoin space with crypto whales dumping Pepe and Shiba Inuat surprising rates. Prices for both PEPE and Shiba Inu (SHIB) have tumbled around $0.00001474 (down 7.65%), while Shiba Inu (SHIB) dropped to $0.00001989 (down 3.53%). At the same time, a lesser-known project named Remittix (RTX) has soared past $5,800,793.66 raised, selling 297,588,750.58 tokens at $0.0297 each (next price $0.0311). Some even call it a viral XRP rival, pointing to its growing influence in cross-border payments. Let’s explore why whales appear to be rotating out of PEPE and Shiba Inu (SHIB) and migrating into…

There is something to the stereotype of naive dreamers and idealists, or cold hard realists and cynics. Stereotypes don’t just come into being baselessly, there is a kernel of truth to them, otherwise they would not have spread virally as an idea in the first place. But they, as well as the worldviews they espouse, are also exaggerated beyond that kernel. Bitcoin is currently stuck in a game of tug of war between the naive idealists and the jaded cynics. On one hand, the idealists argue that we already won. We don’t have to do anything, Bitcoin is magically guaranteed…