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Bitwise CIO Predicts ‘Megatrend’ of Companies Setting up Corporate Bitcoin Treasuries

Coins Legend January 16, 2025 0

Matt Hougan provided the rationale for his prediction in a weekly memo published on Monday. Corporate Bitcoin Treasuries Are an Overlooked Megatrend Software firm Microstrategy (Nasdaq: MSTR) saw revenues dip by 10% in 2024, yet it was one of the best performing stocks in the Nasdaq 100,

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Ripple Ruling Challenged by SEC, Firm’s Legal Officer Dismisses Effort as ‘Noise’

Coins Legend January 16, 2025 0

The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants. SEC Takes XRP Ruling to Appeals Court Ripple’s leadership, however, has dismissed […]

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Cryptoquant: Bitcoin Could Hit $250,000 in 2025

Coins Legend January 16, 2025 0

Favorable crypto policies in the U.S. along with supportive monetary conditions have been identified as triggers for bitcoin’s next big price move. Bitcoin Poised for Macro Price Peak in 2025 Bitcoin’s price is on track to achieve its next macro peak, according to the latest weekly report from onchain analytics platform Cryptoquant. The firm predicts […]

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Coins Legend January 15, 2025 0

Illicit cryptocurrency activity reached significant levels in 2024, with $40.9 billion directed to wallets linked to criminal activities, according to the latest report from Chainalysis. As blockchain systems continue to mature, malicious actors are adopting increasingly sophisticated techniques and refining their operations into organized ventures. Chainalysis Report

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Market Frenzy: Bitcoin Hits $100,715 Amid Trump Policy Buzz

Coins Legend January 15, 2025 0

Bitcoin crossed the $100,000 threshold today, briefly reaching an intraday peak of $100,715 before easing back to $99,700 at press time. Bitcoin Hits $100K High on Wave of Trump Administration Speculation This price milestone represents a critical psychological and market-level achievement for bitcoin, accompanied by broader gains across the cryptocurrency sector. XRP and

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Bitcoin’s Correlation With Nasdaq 100 Hits Two-Year High Amid Inflation Concerns

Coins Legend January 15, 2025 0

Trading patterns in equity markets reveal that investors are bracing for increased volatility as the latest U.S. inflation report is set to be released. Bitcoin Moving in Tandem With Tech Stocks The correlation between bitcoin and U.S. technology stocks has surged to a two-year high, underscoring how the equity market’s response to the upcoming U.S. […]

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Bitmex Settles for $100M in Money-Laundering Case After DOJ Allegedly Demanded $420M

Coins Legend January 15, 2025 0

Bitmex has been ordered to pay a $100 million fine after a protracted legal battle stemming from violations of U.S. money-laundering regulations. Bitmex Hit with Additional $100 Million Fine Over Bank Secrecy Act Breach In July 2024, HDR Global Trading Limited, the operator behind the Bitmex exchange, admitted guilt in contravening the U.S. Bank Secrecy […]

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USDD 2.0 Set to Launch: 20% APY ‘Fully Subsidized’ by the Tron DAO 

Coins Legend January 15, 2025 0

On Wednesday, Justin Sun, the founder of Tron, announced the imminent debut of USDD 2.0, highlighting that it will provide a 20% annual percentage yield (APY), with the entirety of the return “fully subsidized” by the Tron DAO. “All interest will be sent in advance to a transparent address,” Sun told his 3.7 million X […]

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Report: Tether Sues Swan Bitcoin Amid Claims of Secret Meetings and Broken Agreements

Coins Legend January 15, 2025 0

A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in […]

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Stellar Surges 14%, Hits $0.4795, Eyes $0.50 Breakout

Coins Legend January 15, 2025 0

Stellar’s XLM price surged 14% to $0.4795, with a market cap of $14.58 billion and a 24-hour trading volume of $1.8 billion, trading within an intraday range of $0.4191 to $0.4896. XLM’s rise has coincided with the spike XRP has witnessed this week. Stellar Stellar’s hourly chart reveals a bullish trend, characterized by higher highs […]