Author: NBTC
The last 24 hours have seen a notable issuance of 2,008,333 RLUSD by the Ripple stablecoin RLUSD Treasury. Ripple Stablecoin Tracker, a community account on X that tracks the minting, redemption and transfer of Ripple’s RLUSD, reports this development in a tweet, highlighting the latest activity at the RLUSD Treasury. 💵💵💵💵💵💵 2,008,333 #RLUSD minted at RLUSD Treasury.https://t.co/6pT9ZQXtwd — Ripple Stablecoin Tracker (@RL_Tracker) January 17, 2025 The most recent minting event highlights the continued expansion of RLUSD, with a steady issuance signaling growing demand for the Ripple stablecoin. In the last 24 hours, 2,008,333 RLUSD were minted at RLUSD Treasury. Jan.…
KuCoin founder Michael Gan has stepped down as the crypto exchange’s CEO following a settlement with the US Department of Justice (DOJ). Gan stepped down after the DOJ agreed to dismiss all the charges against him and his co-founder, Eric Tang, in the protracted case concerning regulation, money laundering, and other criminal matters. Gan published a farewell message on KuCoin’s blog highlighting his achievements as the company’s leader, including growing the exchange from scratch to a user base of 38 million. According to the outgoing CEO, KuCoin has grown into one of the world’s leading exchanges, playing a significant role…
Bitcoin (BTC) has continued its downward trajectory, trading close to the $90,000 key support amid a persistent market selloff. Its price has declined by over 8% in the past week, raising concerns about further potential declines. With declining buying pressure and a drop in institutional participation, Bitcoin risks slipping below $90,000 in the near term. Here’s why. Bitcoin Struggles as Institutional Confidence Wanes On the BTC/USD one-day chart, BTC trades below the red line of its Super Trend indicator. This indicator tracks the direction and strength of an asset’s price trend. It is displayed as a line on the price…
In an informal Ethereum poll, a majority of ETH wallets collectively holding over 51,198 ETH ($164 million) cast their votes in support of former Ethereum researcher Danny Ryan to become the next leader of the Ethereum Foundation (EF). Meanwhile, others call for the Aave DAO to take over the Ethereum Foundation amid the organization’s recent leadership woes. Ethereum Foundation Leadership Concerns Extend On-chain analytics platform Lookonchain reported that 97% of 335 voters backed Ryan in the unofficial vote. “In an informal Ethereum poll, 97% of 335 voters voted for former Ethereum researcher Danny Ryan to become the next leader of…
Jack McDonald, SVP of Stablecoin at Ripple, has made a bold prediction for the stablecoin market, declaring 2025 as “the year of the stablecoin.” McDonald stated that as U.S. regulation advances, the stablecoin market will benefit from clearer guidelines and standards. This regulatory clarity is expected to foster greater trust, paving the way for broader adoption. The Ripple SVP expressed optimism that Ripple and its stablecoin, RLUSD, are well-positioned to lead the charge in this new era. 2025 is the year of the stablecoin.As US regulation advances, standards will evolve, innovation will expand & real utility will take off. @Ripple…
Crypto will take a new direction in 2025, predicts Volodymyr Nosov, founder and CEO of WhiteBIT Group. He believes government regulations will track all crypto activities, and that it will prove to be a net positive for the industry. Volodymyr Nosov, founder and CEO of the WhiteBIT group, believes the crypto ecosystem will grow with a mix of innovation and new national regulations. “More and more countries will adopt clear legislative frameworks, providing a powerful catalyst for the global expansion of the crypto ecosystem,” said Nosov. “The year 2025 will be defined by a synergy of innovation and regulation. Finding…
Bitcoin price slipped to $90,000 on Jan. 13 as the recent weakness in the cryptocurrency market continued. Bitcoin (BTC) crashed by 16% from its highest level in December and is hovering near its lowest point since November 19. Other altcoins like Solana (SOL) and Cardano (ADA) also continued falling. The ongoing crypto crash is largely attributed to rising expectations that the Federal Reserve will adopt a more hawkish stance this year. These expectations grew after the U.S. published strong nonfarm payroll data on Friday. The data showed that the unemployment rate dropped to 4.1% in December as the economy added…
Ethereum’s native token Ethereum (ETH) is experiencing its worst bull cycle performance compared to Bitcoin (BTC) since the blockchain’s inception in 2015, according to analyst Van Straten, highlighting a pattern of diminishing returns. Ethereum’s Poor Performance Against Bitcoin Signals Declining Returns, Analysts Say A historical comparison of the ETH/BTC ratio over past cycles reveals that ETH has been a consistent underperformer. The last cycle, which started when Bitcoin bottomed at $15,500 after the FTX collapse in November 2022, continues this trend. The rate fell below 0.0300 on Wednesday to 0.02993, marking a four-year low. ETH/BTC was last at these levels…
According to on-chain data, 131 million DOGE has been shuffled within a relatively short period in two transactions. Blockchain data tracker Whale Alert reports 131 million DOGE moved from online trading firm Robinhood in two major transactions. 🚨 🚨 80,452,117 #DOGE (33,127,063 USD) transferred from #Robinhood to unknown wallethttps://t.co/FV4f1wCkh1 — Whale Alert (@whale_alert) January 17, 2025 The first transaction involved the transfer of 80,452,117 DOGE, valued at nearly $33,127,063, from Robinhood to an unknown wallet. The second transaction saw 51,954,195 DOGE, worth around $21,334,106, being moved from Robinhood to major cryptocurrency exchange Coinbase. Such large moves might be associated with…
The upcoming appearance of Ripple CEO Brad Garlinghouse on an X Space has sparked speculation of an imminent settlement of the SEC lawsuit. This rumor gained momentum after the official X account of the XRPL developer community platform, RippleX, announced that Garlinghouse would speak at the XRP Community Day event. For context, the event will be on an X Space today, January 28, 2025. During his speech, Garlinghouse will highlight XRP’s biggest milestones, the state of the crypto market, and his 2025 vision for the industry. XRP Community Day kicks off with @bgarlinghouse! Ripple’s CEO will open the event with…