Author: WebDesk

The crypto world is buzzing with updates. From Trump’s executive orders to the pardoning of Ross Ulbricht, there’s a lot to unpack. The market is shifting, and we’re here to break down the latest developments. 1) Trump Pardons Silk Road Founder Ross Ulbricht In an unexpected move, U.S. President Donald Trump granted a full pardon to Ross Ulbricht, the founder of the Silk Road. Ulbricht, who was sentenced to life in prison for running an underground marketplace that used Bitcoin for illicit trades, was arrested in 2013 and sentenced in 2015. Trump made good on a campaign promise to free…

James Ding Jan 24, 2025 12:20 BitMEX has launched new perpetual swaps for SOLV, DUCK, and J, offering traders up to 50x leverage, enhancing trading options for users. BitMEX, a leading cryptocurrency exchange, has announced the launch of new perpetual swap listings for SOLV, DUCK, and J tokens, according to BitMEX. These listings, identified as SOLVUSDT, DUCKUSDT, and JUSDT, went live on January 23, 2025, at 04:00 UTC, offering traders the ability to leverage their positions up to 50 times. Enhanced Trading Opportunities The inclusion of these perpetual swaps provides BitMEX users with…

In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin (SAB) No. 121, a controversial rule that had long hindered banks from offering bitcoin and crypto custody services. This move, announced on Thursday, signals a significant shift in the SEC’s approach to regulating bitcoin and crypto and paves the way for greater financial integration.BREAKING: 🇺🇸 SEC OFFICIALLY RESCINDS SAB 121, WHICH PREVENTED BANKS FROM CUSTODYING #BITCOIN pic.twitter.com/VCnggkCGmL— Bitcoin Magazine (@BitcoinMagazine) January 23, 2025 Introduced in March 2022 under former SEC Chair Gary Gensler, SAB 121 required institutions holding bitcoin and crypto assets for customers…

In a recent interview with CNBC’s Squawk Box, Larry Fink, CEO of BlackRock, made a statement where he wants the U.S. Securities and Exchange Commission (SEC) to expedite the approval of tokenization for bonds and stocks. According to Fink, this will help simplify many processes and would help enhance efficiency in the sector. BlackRock’s Larry Fink wants SEC to approve tokenization of stocks and bonds Fink also highlighted that with tokenization, proxy voting for BlackRock would revolutionize. “We would never have to vote on a proxy vote anymore because every owner of record would be notified through tokenization,” Fink stated…

Darius Baruo Jan 24, 2025 11:46 Tandem, Offchain Labs’ venture arm, invests in Camelot DEX, highlighting its role in Arbitrum’s ecosystem with over $46 billion in traded volume and sustainable growth focus. Offchain Labs’ venture capital and partner studio, Tandem, has made a significant investment in Camelot, the largest native decentralized exchange (DEX) on the Arbitrum network. This strategic move underscores Camelot’s pivotal role within the Arbitrum ecosystem, according to Offchain Labs. A Community-Driven Success Launched without venture capital backing and entirely bootstrapped by the Arbitrum community, Camelot has emerged as a leading…

Luisa Crawford Jan 24, 2025 11:05 The Render Network’s AI Scouts kicked off their first weekly AMA, discussing AI, blockchain, and future collaborations. Key insights from AI experts Paul Roales, Danny Newman, and Nate Solomon were shared. In a significant event for the Render Network community, the inaugural weekly AMA session featuring the AI Scouts took place this week, marking the beginning of a series designed to foster engagement and innovation within the network. According to Render Network, the session brought together community members and AI experts to discuss the intersection of artificial…

Singapore court approves WazirX recovery plan, enabling token-based compensation for users affected by the $235M hack. WazirX collaborates internationally to recover stolen assets and initiates a token buyback for user compensation. In January 2025, the Singapore court has approved WazirX’s plan to repay users harmed by the $235 million hack. Of course, this approval represents a new route for the exchange in its attempts to rebuild public confidence and reduce the influence of the unwelcome event. 📢 Court Approval for Scheme Meeting Granted We’re pleased to announce that the Singapore High Court has granted us leave to convene a Scheme…

President Donald Trump, who is also being referred as ‘Crypto President”, signed an executive order yesterday that prohibits federal agencies from establishing, issuing, or even promoting central bank digital currencies (CBDCs). With this order now being passed, this move will have a significant impact on the decentralized alternatives as more opportunities will come up for the the decentralized stablecoins, and the main focus currently has been on Ripple’s RLUSD, which is pegged to the U.S. dollar. U.S. bans issuance, circulations, and use of CBDC, Ripple’s RLUSD to flourish? Ripple’s RLUSD To Take The Lead? Ripple’s RLUSD, a decentralized stablecoin operating…

Ali, a crypto analyst, points to Bitcoin’s potential support level at $97,530 as key in sustaining the current bullish momentum. The main support level to be monitored for Bitcoin is $97,530. Staying over this level is critical to keeping the current bullish momentum afloat, believes Ali. Bitcoin (BTC) has been trading in a tight range since hitting a new all-time high (ATH) of $109K on Jan. 20, 2025, and is now quoted at $105,128.95 as of Jan. 24. This reflects a 3.5% decline from the previous high, as per CoinMarketCap.  Understanding Bitcoin’s support level  In crypto trading, support levels are an important…

Iris Coleman Jan 24, 2025 10:03 Injective (INJ)is at the forefront of the real-world asset tokenization revolution, leveraging blockchain technology to offer innovative financial solutions and collaborations with major institutions. As the world of blockchain continues to evolve, Injective (INJ)is emerging as a significant player in the tokenization of real-world assets (RWAs). The platform is leveraging its blockchain optimized for finance to spearhead a revolution that is expected to reshape the financial landscape. According to Injective Labs, the sector is set for a boom in 2025, driven by clearer regulatory frameworks in countries…