World Liberty Financial (WLFI), a DeFi initiative linked to US President-elect Donald Trump, has addressed concerns about recent Ethereum transactions worth $60 million. On Jan. 15, the project clarified that the movements are part of its routine treasury management, dispelling speculations of asset sales.
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.
TL;DR Bitcoin could reach $300,000 and Ethereum surpass $8,000 by the end of the year, according to HashKey Group. The market capitalization of stablecoins could exceed $300 billion due to growing demand for real-world asset-backed digital assets. Approval of new cryptocurrency ETFs, including XRP and SOL, along with increased regulatory focus, could drive market growth.
London, United Kingdom, 15th January 2025, Chainwire
Bitcoin (BTC) and Ethereum (ETH) are the leading cryptocurrencies and the only two that, so far, got the United States Securities and Exchange (SEC) commission blessing to have exchange-traded funds (ETFs) offered in Wall Street.
Tether has initiated legal action against Swan Bitcoin, citing alleged breaches of contract related to their joint Bitcoin mining venture, established in 2022 under the name 2040 Energy.
Tether, the leading issuer in the stablecoin sector, has initiated legal proceedings against Swan Bitcoin in the High Court of England and Wales, according to a Jan. 15 statement shared with CryptoSlate. The stablecoin company claimed that Swan had significantly breached their agreements, prompting the lawsuit to safeguard its investment.
TL;DR Stablecoins accounted for 35.5% of all crypto transactions in 2024, with USDT leading at an impressive 97.2%. The United States leads cryptocurrency purchases, surpassing Germany and the United Kingdom, while Nigeria and Ukraine show rapid growth.
2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH's potential to deliver outsized returns.
World Liberty Financial Moves $61.4M in Ether Amid Treasury Strategy
A major sell-off could be approaching for ETH as recent large holder movements suggest a lack of support for a rally.
Tether, a prominent stablecoin issuer, has filed a lawsuit against Bitcoin financial services company Swan Bitcoin, accusing the firm of breaching their contractual agreements in a joint Bitcoin mining venture. The legal action, confirmed by Tether and co-claimant 2040 Energy on January 15, 2025, marks an escalation in a contentious dispute between the two companies.
DeFi giant Lido on Wednesday announced a significant development in association with Deutsche Borse's crypto arm, Crypto Finance AG. It essentially underscores the mission of Lido to expand the access of staked ETH to institutional investors.
World Liberty Financial transferred $61.4M of Ethereum in the last 24 hours. The project clarified on X that the transfer is for treasury management and not token sales.
TL;DR Deribit, a leading Bitcoin and Ether options trading platform, is exploring significant buyout opportunities, signaling the sector's maturation and consolidation. The platform has enlisted Financial Technology Partners to evaluate acquisition offers, with a potential valuation ranging between $4 billion and $5 billion. Deribit reported nearly $1.
Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.
Ethereum dropped below $3,000 for the first time since November before bouncing back to $3,230, with technical analysts drawing parallels to the 2021 bull run pattern.
Ethereum's price is at a critical point, facing strong resistance at $4,000 and holding support at $2,800.
Trump-backed World Liberty Financial reports $4.8M in unrealized losses while conducting major asset reallocations, including a $59.8M ETH transfer to Coinbase, which the project describes as routine treasury management.
Ethereum is currently holding just below a key resistance level of $3300 and a break above this resistance could mean a shift in market sentiment, hinting that the price may have already found a low. This breakout could set the stage for a move higher, but confirmation is needed to validate the bullish scenario.
The cryptocurrency sector rose by 2.29% to $3.36 trillion as markets recovered, driven by a resurgent Bitcoin (BTC) crossed the $97,000 mark, up over 2% in the past 24 hours. BTC briefly dropped below $90,000 earlier in the week, spooking markets and leading to a considerable decline among cryptocurrencies.
Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of outflows on Jan. 14, while Ethereum ETFs shifted to inflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $209.
The entertainment giant Sony has taken a major step in the blockchain universe with the official launch of Soneium, its Layer 2 platform on Ethereum. After four months of successful testing that attracted over 14 million users and processed 47 million transactions, this initiative marks a turning point in the adoption of blockchain by entertainment giants.
Tether, the leading stablecoin issuer, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license. This strategic move underscores Tether's commitment to advancing Bitcoin adoption and innovation in emerging markets.
After Monday's drop, Ethereum (ETH) fell below key support levels and hit its lowest price since November. Nonetheless, several market watchers remain bullish, predicting a massive rally for the cryptocurrency this quarter.
Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.
After consolidating along the resistance for a week, the XRP price broke the range and rose above the resistance at $2.68. Meanwhile, the bears try hard to restrict the levels below the 2024 highs at $2.9 but after a small consolidation, the token is believed to secure fresh highs.
A wallet believed to belong to Donald Trump's family crypto venture World Liberty Financial has been involved in a series of recent transactions according to onchain data from Arkham Intelligence.
In a recent social media post, market expert VirtualBacon shared seven key predictions that could shape the cryptocurrency landscape in 2025. Central to these predictions is the assertion that Ethereum (ETH) may outshine Bitcoin (BTC) in terms of performance, even as Bitcoin continues to hold a dominant position in the market.
Ethereum price started a minor recovery wave above the $3,120 zone. ETH is rising and facing hurdles near the $3,240 zone.
The project said it was 'making routine movements of our crypto holdings as part of regular treasury management.'
With its price falling below the crucial 200 EMA, Shiba Inu has had a wild ride lately. Traders were alerted by this move because it implied a possible move into bearish territory.
The current market action of Ethereum has generated significant interest, especially among its large investors. A whale liquidated 10,070 ETH, resulting in an approximate loss of $1 million.
The $3.4k resistance zone needs to be reclaimed before swing traders can adopt a bullish bias.
SEC Chair Gary Gensler said the agency has "never said" that bitcoin and Ethereum are securities during a Yahoo Finance interview.
Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,344.48 +4.7% Ethereum (CRYPTO: ETH) $3,201.80 +6.2% Solana (CRYPTO: SOL) $186.30 +5.2% XRP (CRYPTO: XRP) $2.65 +7.9% Dogecoin (CRYPTO: DOGE) $0.3527 +8.6% Shiba Inu (CRYPTO: SHIB) $0.00002138 +5.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%.
Moderate optimism in Ethereum derivatives data fails to boost short-term investor confidence.
Nayib Bukele, President of El Salvador, encouraged Rumble CEO Chris Pavolvski to relocate his company to the country. This comes one day after Tether announced its own move.
XRP (CRYPTO: XRP) has gained 16% over the past week, fueled by growing confidence in Ripple's legal battle and the anticipated launch of XRP ETFs. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.67 $153.7 billion +9.8% +16.2% Bitcoin (CRYPTO: BTC) $96,573.27 $1.9 trillion +5.4% -0.5% Ethereum (CRYPTO: ETH) $3,217.65 $387.6 billion +7.4% -6.2% Trader Notes: Crypto chart analyst Ali Martinez sees XRP as one of the most bullish setups after a successful retest of the breakout zone.
The crypto market's squeeze continues, with assets recording double-digit exits. Bitcoin (BTC) and Ethereum's (ETH) outflows have shaped other assets, heightening sell pressures in the second week.
The cryptocurrency market has experienced heightened volatility, with several prominent coins such as Stellar (XLM), Solana (SOL), and Ethereum (ETH) showing signs of weakness. These assets have recently faced critical support levels breaking down, raising concerns about their future performance.
Ethereum (ETH) has been trading within a broad consolidation range of $2,800 to $4,000 for nearly 10 months, signaling a phase of market indecision.
Tether is relocating to El Salvador as the US and Europe tighten cryptocurrency oversight.
The price of Ethereum (ETH) fell to a low of $2,941 but recovered above the $3,000 support. Cryptocurrency price analysis brought by Coinidol.com.
Litecoin saw the largest number of transactions, followed by Bitcoin and Ether.
Leading altcoin Ethereum (ETH) has traded below $3,500 for seven days, mirroring a broader bearish sentiment across the cryptocurrency market. Since it recorded an intraday high of $3,744 on January 6, the coin's value has plummeted by 13%.