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Over the past 24 hours, the global cryptocurrency market capitalization has increased by 2.4% to $3.64 trillion. At the time of writing, the daily crypto trading volume is $223 billion – the highest it’s been in months.
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Adam Back, a prominent figure in the Bitcoin community and CEO of Blockstream, believes that Bitcoin is significantly undervalued and could surge to between $500,000 and $1 million per coin during the current market cycle.
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Crypto analyst Versan Aljarrah has stirred the pot with a bold prediction about XRP’s price as Ripple cements itself in the global financial system.
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Under Trump, there could be an emphasis on installing pro-crypto figures and fostering private sector involvement in virtual assets. Quigley remarked on the shift, “The Obama administration and the Biden administration in terms of how they thought about crypto, they were wary of it and Congress was not moving forward ...
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Synthetix Founder Warns SNX Stakers to Embrace New Mechanism or Face ‘The Stick’
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As the administration moves forward, regulatory decisions will determine how the government interacts with the digital currency sector. Establishing the Digital Asset Working Group
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Crypto investor and entrepreneur Anthony Pompliano has spoken out against former U.S. President Donald Trump’s recent threat to fire Federal Reserve Chair Jerome Powell, warning that such a move would undermine the institutional independence of the Fed and set a dangerous precedent.
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In a coordinated move, the Office of Foreign Assets Control (OFAC) blacklisted eight cryptocurrency addresses allegedly controlled by the Houthis, a group officially designated as a Specially Designated Global Terrorist (SDGT) entity.
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Yemenis Turn to DeFi as Sanctions Cut Off Traditional Banking: Report
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In an interview with Cryptonews, William Quigley, co-founder of Tether and WAX, shared his insights into what the next four years under Trump could mean for the industry. Quigley explained that the administration’s pro-crypto stance, along with key appointments and legislative efforts, could lead to clearer regulations.
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Ripple Agrees to Acquire Prime Broker Hidden Road for $1.25B
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