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.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Mike Belshe, CEO of BitGo, which serves as a custodian for two of 21Shares' US Spot ETFs: the ARK 21Shares bitcoin ETF (ARKB) and the 21Shares Core ethereum ETF (CETH), joins Morning Brief with Seana Smith and Brad Smith to discuss his expectations for crypto under Trump 2.0. "Everything is aligned to do well," Belshe says.

XRP momentarily smashed through the $3 barrier today, a dramatic comeback not seen since early 2018. Though it quickly corrected back to $2.97.

U.S. prosecutors have requested court approval to return nearly $10 billion in Bitcoin recovered from the 2016 Bitfinex hack.

The price of bitcoin seems ready to surge in an exceptional movement, and speculations are flying. Will it skyrocket or collapse?

Michael Saylor, executive chairman at business intelligence firm MicroStrategy, recently urged Mohamed El-Erian, the chief economic adviser of Allianz, to buy Bitcoin.

Bitcoin stabilizes near $97K, with cautious smart money ahead of Trump's inauguration.

Bitcoin's recovery to $100,000 is likely to be met with strong resistance, but if the bulls prevail, the next stop is near $108,300.

XRP surged to $2.90 Wednesday morning, leading the overall crypto markets in gains. This comes as whales are stacking the token amid optimism for an XRP ETF product, according to data tracked by Santiment.

Bitwise CIO Matt Hougan predicts a treasury revolution, forecasting hundreds of companies to buy Bitcoin as a reserve asset within 18 months, shaping a transformative 'overlooked megatrend'.

Gensler said the SEC hadn't classified BTC or ETH as securities, despite prior claims about Ethereum's status as an unregistered security.

Bitcoin saw a relief rally today that saw it retesting the resistance around $100k as optimism returned to the market ahead of President-elect Donald Trump's inauguration. Liquidity was returning to the crypto market in the past 24 hours as the overall crypto market capitalization recovered above $3.6 trillion, levels last seen around January 7.

XRP is steadily gaining strength as its price nears the critical $2.9 resistance level, sparking excitement in the market. The surge represents a significant shift in market dynamics, with XRP showing signs of resilience and a potential breakout on the horizon.

CoinGecko just released its comprehensive report on the crypto industry in 2024. This report noted the massive successes of Bitcoin after the ETF approval, and huge interest in areas like meme coins and AI agents.

XRP hits $3 for the first time since 2018, experiencing a remarkable 14.45% surge amid heightened market activity and anticipated SEC legal developments. The token's trading volume soars 154.53%.

Billions worth of Bitcoin stolen from Bitfinex in 2016 should be returned to the exchange, the Feds wrote in a filing.

Bitcoin is experiencing strong demand, suggesting the uptrend is still ongoing as profit-taking volume reduces compared to the previous cycle.

Recent price trends show that the altcoin market appears to be approaching positive territories as major altcoins are slowly recovering their upward trajectory, sparking a resurgence in the market. As Bitcoin's supremacy shows signs of peaking, many analysts believe that momentum may be shifting in favor of smaller-cap crypto assets.

Why XRP Is Skyrocketing Today

XRP nearly touched a price of $3 on Wednesday morning, hitting a mark not seen since 2018 as meme coins on XRP Ledger saw a resurgence.

Sébastien Gouspillou has established Bitcoin mining facilities in some of the most remote regions of the world and has given back to communities in the process.

Ripple's native cryptocurrency XRP hit $3 shortly after reports surfaced that the incoming Trump administration's SEC may ease select digital asset lawsuits. Ripple (XRP) surged over 16% during U.S. trading hours on Wednesday, Jan.

The U.S. CPI just rose to 2.9%, and the market is feeling it. Inflation's creeping up again, and Bitcoin is showing strength, at least for now. As usual, macroeconomic trends are doing their thing. With the rates going up, investors would take less and less risk however for the time being btc is on fire.

Bitcoin nears a reclaim of six figures as BTC price strength gets a fresh US macro data boost.

A U.S. court has mandated the return of nearly $12 billion in Bitcoin seized from the 2016 Bitfinex exchange hack through in-kind restitution.

The remaining 25,000 bitcoins stolen in the 2016 hack must be returned through a more complex claims process.

Ripple's XRP has surged to a crucial $3 mark, a price not seen since 2018, marking a major milestone for the token. The coin is up more than 15% in the last 24 hours, continuing a rally that started after a recent pullback.

Hard to say investors in Ripple-linked XRP care about the news. The XRP price has gained nearly 16% in the past day, according to CoinGecko data.

The United States reported a higher-than-expected Consumer Price Index (CPI) for December, showing a monthly increase of 0.4% after seasonal adjustment, surpassing the forecast of 0.3%. The annual CPI rate climbed to 2.9%, the highest since July 2024, marking its third consecutive monthly rise.

In a latest development, as per a court document filed this week, the U.S. government noted that over 94,000 bitcoin stolen in the 2016 hack of Bitfinex by Ilya Lichtenstein and Heather Morgan should go back to the exchange.

Bitcoin (BTC) entered a bull run in early November of 2024 — culminating in an all-time high (ATH) price of approximately $106,070 on December 17. A correction ensued soon after — BTC prices receded to $92,630 before briefly breaching the $100,000 mark again on January 7, 2025 — although the surge didn't last.

Technical analysis of the Bitcoin price chart shows that the leading cryptocurrency is still on the way to breaking above $100,000 in light of a pattern formation on the Bitcoin price chart. Notably, an analyst has pointed to a wedge pattern forming on Bitcoin's 4-hour candlestick timeframe chart as the precursor to this bullish upside move, while dismissing earlier projections of bearish momentum arising from a head-and-shoulders pattern.

A federal court has determined that 94,643 bitcoin, seized following the infamous 2016 Bitfinex hack, will be returned to the cryptocurrency exchange as part of voluntary restitution agreements tied to plea deals with the convicted perpetrators.

“Like it or not, we have to move along with more adoption of cryptocurrencies worldwide," a regulator told Bloomberg.

The U.S. government says bitcoin stolen in the 2016 hack of Bitfinex should go back to the exchange, in a court document filed this week.

Kaum eine Kryptowährung stand in den vergangenen Jahren derart unter Beschuss vonseiten der amerikanischen Regierungsbehörden wie Ripple. Dessen Coin XRP sei ein Wertpapier und daher von Beginn an genehmigungspflichtig gewesen, argumentierte die amerikanische Wertpapieraufsicht SEC.

Binance has extended its loan services, introducing DOGE and LTC as collateral, while adding CGPT to its VIP Loan program to cater to a wider range of users.

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle.

XRP has gained nearly 30% in the past week alone.

The analysis by JPMorgan highlights the strong growth potential of exchange-traded products (ETP) linked to XRP and Solana (SOL), digital assets that could attract between 3 and 8 billion dollars of investments.

Like sirens, the promises of a crypto ETF attract whales. Result: XRP jumps and makes dreams come true.

XRP investors are celebrating today, as the digital asset has surged to a value of $2.89. This is the highest point it has been at since last December, making XRP the third-biggest cryptocurrency by market capitalization.

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Bitcoin exchange-traded funds (ETFs) have been under pressure recently, recording their fourth consecutive day of outflows on January 14. The total outflow for the day reached a significant $209.82 million, bringing the total outflows over the past four days to over $1.2 billion.

Tether filed a lawsuit against Swan Bitcoin, alleging breaches of agreements related to their 2022 Bitcoin mining joint venture.

The U.S. Securities and Exchange Commission (SEC) might be on track to freeze non-fraud cryptocurrency cases that are pending in the courts, according to a recent report by Reuters. Some of these cases might end up being dropped, according to anonymous sources cited by the outlet.