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FTX and Backpack dispute sale of European arm to former insiders’ crypto platform

Exchange Elliot Langston -
The bankrupt FTX exchange has challenged the announced sale of its European subsidiary, FTX EU, to Backpack, a crypto platform founded by former FTX employees. In a Jan. 8 statement, FTX clarified that its subsidiary FTX Europe AG wholly owns FTX EU. The company stated that the anticipated transfer of FTX EU shares to former insiders of FTX Europe has...
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Bitcoin to hit $1 million by 2027 using new adoption pricing model

A new supply-and-demand equilibrium model suggests Bitcoin may surpass $1 million by January 2027, following current trends in adoption, liquidity, and Bitcoin reserves. A recent...

TON Foundation prepares for US expansion amid pro-crypto Trump administration

The TON Foundation, a blockchain initiative linked to Telegram, is gearing up for significant expansion into the United States, according to a Jan. 14...

Binance predicts sustained growth for crypto market in 2025 despite recent volatility

The crypto market is set for continued growth in 2025, driven by accelerating institutional adoption, evolving regulatory frameworks, and expanding DeFi ecosystems, according to...

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Analysis

Bitcoin sees wealth shift from long-term holders to new investors – Glassnode

Bitcoin’s (BTC) ongoing bull market has marked a significant transition of wealth from long-term holders to new investors, according to a recent Glassnode report. The redistribution of wealth from seasoned holders to newcomers is a hallmark of maturing Bitcoin markets. Long-term holders have been realizing record profits, peaking at $2.1 billion per day, while new investors have stepped in with...

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Cynthia Lummis nominated to lead new Senate Banking Subcommittee on Digital Assets

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Senator Cynthia Lummis (R-Wyo.) has been named the first chair of the newly established Senate Banking Subcommittee on Digital Assets, according to a Jan. 23 announcement. As a result, Senate Banking Committee Chair Tim Scott (R-S.C.) places Lummis...
Regulation

IRS grants temporary relief on crypto tax reporting rules amid legal challenges

The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. The decision reflects...
Regulation

China tightens grip on crypto with new foreign exchange rules

China has rolled out new regulations to identify and control risky foreign exchange activities, including those involving cryptocurrencies, the South China Morning Post reported. According...
News

Bitcoin adoption is outpacing the internet and mobile phones – BlackRock

Bitcoin’s (BTC) adoption is outpacing the transformative technologies of the past, including the internet and mobile phones, according to a recent report by BlackRock. The document...
Memecoin

Solana memecoins turn to NSFW content as Pump Fun livestreams resemble adult webcam site

Pump.fun, the decentralized memecoin generation and promotion platform on Solana, is experiencing a rise in live-streaming NSFW content as memecoin creators incorporate adult-themed material...
Exchange

Nasdaq proposes raising IBIT options contract limit for traders

Nasdaq filed to raise the current options contract limit of the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts, representing an exercisable...
Regulation

Analysts believe spot Litecoin ETF likely to be the first altcoin approval as Nasdaq files listing application

Nasdaq filed a 19b-4 Form on Jan.16 to list and trade the spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. Bloomberg senior...
News

Bitcoin advocate Pierre Poilievre leads as Canada’s next PM on Polymarket but lags on Kalshi

Pierre Poilievre, a Bitcoin advocate and the leader of Canada’s Conservative Party, has become the frontrunner to become the country’s next Prime Minister based...
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Hong Kong lawmaker advocates including Bitcoin in national reserves

Hong Kong lawmaker Wu Jie has urged the city-state’s government to consider integrating Bitcoin into its fiscal reserves, a local media outlet reported. The report...

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BlackRock CEO Larry Fink predicts Bitcoin will climb to $700k, says he’s a ‘big believer’

Elliot Langston -
BlackRock CEO Larry Fink believes that Bitcoin (BTC) could soar to $700,000 if global economic and political instability prompts widespread adoption of the flagship crypto. Fink made the prediction while speaking on a panel at the World Economic Forum...

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