Day: January 29, 2025

No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

2025-01-29 By admin

Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment. FOMC Monetary Policy Unmoved At its first 2025 gathering on Jan. 29, the Federal Open Market Committee (FOMC) observed that “economic activity has continued to […]

USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers 

2025-01-29 By admin

Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […]

Report: ‘Solana Is Drinking the Ethereum Milkshake’

2025-01-29 By admin

Cryptocurrency exchange OKX says “Solana’s meteoric ascent redefined the potential of Web3,” in its 2025 “State of DEXs” report. Solana Is Surging While Ethereum Is Fighting for Relevance Says OKX When it comes to dominating volume on decentralized exchanges (DEXs), Solana is eating Ethereum’s lunch – and drinking its milkshake – at least that’s how […]

Bitcoin Technical Analysis: BTC Balances Between Bullish Momentum and Short-Term Resistance  

2025-01-29 By admin

As of Jan. 29, 2025, bitcoin trades at $102,785, hovering within a 24-hour range of $100,272 to $103,053. The cryptocurrency’s market capitalization stands at $2.02 trillion, supported by $35.55 billion in daily trading volume. Bitcoin While bitcoin‘s broader trend remains bullish, consolidation near $102,000 reflects caution among traders, with critical resistance at $104,000–$105,000 and immediate […]

Bitwise Seeks SEC Approval for Dogecoin ETF—Will Meme Coins Go Mainstream?

2025-01-29 By admin

Bitwise aims to launch a dogecoin ETF, tracking DOGE’s price directly. Will the SEC approve it? The industry anticipates more crypto ETFs in 2025. Bitwise Files for Dogecoin ETF Amid Growing Crypto ETF Trend Bitwise Investment Advisers LLC has formally submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed […]

Coinhold by EMCD: A Smarter Way to Earn Passive Crypto Income

2025-01-29 By admin

The crypto market in 2025 is evolving rapidly. Bitcoin recently surged past $109,000 before correcting to $100,500, demonstrating the ongoing volatility in the sector. Ethereum staking inflows reached a record $2.2 billion, reflecting strong institutional interest, while Bitcoin ETFs have now surpassed gold ETFs in total assets under management. Meanwhile, the rise and fall of […]

Robinhood’s Futures Trading Revolution Is ‘Coming Soon’—Bitcoin, Gold, and More

2025-01-29 By admin

Robinhood, the financial services and trading platform, appears poised to broaden its horizons by venturing into bitcoin futures and multi-asset derivatives markets. This strategic maneuver positions the company to challenge entrenched industry stalwarts such as Charles Schwab while diversifying its product ecosystem. Robinhood to Take on Wall Street Titans With Bold Futures Trading Move In […]

DCG Spins Off Fortitude Mining to Focus on Digital Asset Ventures

2025-01-29 By admin

Digital Currency Group (DCG) has launched Fortitude Mining, a subsidiary focused on mining bitcoin and emerging digital assets, on Jan. 29, 2025, appointing former Foundry executive Andrea Childs as CEO. Fortitude Mining, New DCG Subsidiary, Targets Bitcoin and Emerging Crypto Assets According to the announcement shared with Bitcoin.com News, Fortitude Mining will operate as a […]

New AI Agent MIND of Pepe Surges Past $4M in Presale

2025-01-29 By admin

Imagine a crypto trading assistant who never takes a break and can catch market trends before they blow up. That’s the idea behind MIND of Pepe’s (MIND) ambitious new project. With over $4 million already raised in its presale, this combination of artificial intelligence and crypto aims to enhance traders’ performance in the market. Meet […]

Trump Media to Invest Cash Reserves in Bitcoin, Crypto, ETFs

2025-01-29 By admin

Trump Media is launching Truth.Fi with up to $250 million for investments in bitcoin, other cryptocurrencies, crypto-related securities, ETFs, and industries supporting U.S. economic growth. Trump Media Launches Truth.Fi, Investing in Bitcoin, Crypto, and ETFs Trump Media and Technology Group Corp. (Nasdaq: DJT), operator of the social media platform Truth Social and the video streaming […]