Crypto
AI Summary
- Ethereum has seen a significant surge, with an average of 327,000 new wallets created daily over the past week, driven by financial activities and network upgrades.
- A Ugandan messaging app, Bitchat, has topped charts amidst internet shutdowns by authorities, raising concerns over surveillance and censorship in the crypto space.
- Bitcoin continues to rise, breaking past $93,000 following favorable inflation data, while the market awaits pivotal regulatory developments, including delays in the Senate's crypto bill markup and discussions around stablecoin regulations.
- Cryptocurrency firms are increasingly merging with traditional finance structures, as seen with Kraken-linked SPACs and Polygon’s $250 million acquisition for stablecoin payments, reflecting a push for regulated payment systems.
- Growing scrutiny on yield-bearing stablecoins has led JPMorgan's CFO to caution against the risks of creating a parallel banking system, emphasizing the need for clearer regulations to prevent financial instability in the growing crypto landscape.
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Sources
Cointelegraph
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Perfect storm of activity sees record surge in new Ethereum wallets
an hour ago
by Cointelegraph by Stephen Katte
An average of 327,000 wallets were created each day on average over the past week, likely pushed by a flurry of financial activity combined with recent network upgrades.
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Bitchat tops app charts in Uganda as authorities cut internet
3 hours ago
by Cointelegraph by Brayden Lindrea
Ugandan officials claimed that they could also shut down the internet-free, encrypted messaging app last week, but haven't done so yet.
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Here’s what happened in crypto today
3 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, BitcoinNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Crypto-friendly Old Glory Bank plans Nasdaq listing through SPAC
4 hours ago
by Cointelegraph by Turner Wright
The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals.
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Strive shares fall 12% after Semler deal to expand Bitcoin treasury
5 hours ago
by Cointelegraph by Nate Kostar
The all-stock deal adds Semler’s 5,048 BTC to Strive’s treasury, lifting total holdings to 12,797.9 BTC and ranking it 11th among public companies.
CoinDesk
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Bitcoin climbs to two-month high of $96,240 as altcoins surge and shorts get squeezed
2 hours ago
by Oliver Knight
Markets, Bitcoin News, altcoin, NewsBitcoin climbed above $96,000 for the first time since November, triggering over $500 million in liquidations as altcoins outperformed and traders rushed to cover bearish bets.
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Senate Agriculture Committee reschedules its own crypto bill hearing to Jan. 27
4 hours ago
by Nikhilesh De
Policy, crypto legislation, Market Structure Legislation, Senate Agriculture Committee, NewsThe Senate Agriculture Committee said Tuesday its postponed crypto market structure bill would drop on Jan. 21 and be debated six days later.
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Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition
4 hours ago
by Krisztian Sandor
Finance, Bitcoin News, Bitcoin Treasury Reserve Asset, Semler scientific, NewsUpon completion, the combined firm would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.
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Senate's Warren: WLFI-tied bank application should be halted until Trump divests
5 hours ago
by Jesse Hamilton
Policy, World Liberty Financial, Donald Trump, Elizabeth Warren, crypto legislation, NewsGovernment-ethics questions still hang over the U.S. Senate's plans to vote on the crypto market structure bill, and Warren is raising a related argument.
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How a battle with bankers tarnished crypto's market structure bill near the finish line
5 hours ago
by Jesse Hamilton
News Analysis, Coinbase, Brian Armstrong, Crypto lobbying, crypto legislation, U.S. Senate, NewsThe crypto industry contends that Wall Street giants stood behind community banks to undercut digital competitors before they could get a major legislative win.
Decrypt
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Political Theorist Says He 'Red Pilled' Anthropic's Claude, Exposing Prompt Bias Risks
2 hours ago
by Josh Quittner
Artificial IntelligenceThe 'Dark Enlightenment' pundit published a transcript he says shows how easily a chatbot can be steered into echoing a user’s ideology.
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'Warhammer 40,000' Maker Games Workshop Rules Out Generative AI
3 hours ago
by Jason Nelson
Artificial IntelligenceU.K. tabletop gaming company Games Workshop says AI-generated content will not be used in Warhammer design or creative processes.
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Bitcoin Hits Two-Month High as CPI Steadies and Short Covering Accelerates
3 hours ago
by Sebastian Sinclair
MarketsBitcoin’s rally drew fuel from short covering as steady inflation data and the start of earnings season reinforced trader expectations.
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Former Mayor Eric Adams Hijacked 'NYC Token' Concept, Startup Claims
4 hours ago
by André Beganski
Law and OrderFormer NYC Mayor Eric Adams' token is off to a shaky start, with fresh allegations levied against the project.
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Alleged $11 Million XRP Thief Countersues Widow of Country Music Legend George Jones
5 hours ago
by Logan Hitchcock
Law and OrderA Tennessee man accused of stealing $11 million worth of XRP from the widow of country music legend George Jones has filed a countersuit.
AMBCrypto
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Monero’s [XMR] rally looks unstoppable – but the data says otherwise
2 hours ago
by Samyukhtha L KM
Altcoin, Monero, News, News 1, Social, Trading ViewThe rally may stop as fast as it happened.
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Ethena’s ENA stays bearish despite new partnerships – Watch THIS zone!
3 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewThe brief Ethena relief rally at the start of the month has faltered, and traders can maintain a bearish bias.
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Bitcoin reclaims $95,000 as short liquidations trigger two-month breakout
3 hours ago
by Adewale Olarinde
Bitcoin, News, News 1, Social, Trading ViewBitcoin hits $95,000 for the first time in nearly two months as short liquidations near $250 million.
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Ethereum stuck between staking strength and derivatives risk – What’s next?
5 hours ago
by Ritika Gupta
Altcoin, Ethereum, News, News 1, Social, Trading View, ambcryptoEthereum’s bid–ask imbalance signals "caution."
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Why 21Shares is betting on Bitcoin and gold together as correlation turns positive
6 hours ago
by Adewale Olarinde
Bitcoin, News, News 1, Social, Trading ViewBitcoin and gold are starting to move together again after months of divergence, just as 21Shares rolls out its new BOLD ETP.