News – Page 20

How Will Crypto Markets React in Big Week for US Inflation Data

Crypto markets spent the past week in retreat, with more than $300 billion leaving the digital asset sector. The weekend traded flat, but there was a minor spike in activity and a subsequent price correction on Monday morning in Asia. Several key inflation reports are due in the US this week, which could impact central bank monetary policy. This will be the final set of CPI and PPI data before the Jan. 29 Federal Reserve meeting, observed the Kobeissi Letter. Additionally, Fed Governor Michelle Bowman said that inflation has risen “uncomfortably above” its long-term target “while still presenting stubbo”

Source: Martin Young, 2025-01-15; https://cryptopotato.com/how-will-crypto-markets-react-in-big-week-for-us-inflation-data/

Ripple-Cardano Partnership Coming Next Month? (Charles Hoskinson Weighs in)

Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football and he is a keen fan of the Premier League and the Champions League. For more information, visit www.dailymailonline.co.uk and follow us on Twitter @dailymailuk and @daily_cnn.

Source: Dimitar Dzhondzhorov, 2025-02-05; https://cryptopotato.com/ripple-cardano-partnership-coming-next-month-charles-hoskinson-weighs-in/

Pi Network Introduces 2 Key Updates to Improve KYC Process

Source: Dimitar Dzhondzhorov, 2025-02-05; https://cryptopotato.com/pi-network-introduces-2-key-updates-to-improve-kyc-process/

Rich Dad Robert Kiyoaski: Best Bet in a Boom or Bust Economy Is Bitcoin

Kiyosaki: “Global crash has started. Europe, China. USA going down. Depression ahead?” “Please be smarter with your money. Hang on to your job and your money,” he tweeted. The economy is chugging along nicely, with real GDP rising in the third quarter over the second quarter of 2024. Despite the strong GDP numbers this year, some analysts fear Trump’s aggressive trade policies could slow growth and lead to a recession.

Source: W. E. Messamore, 2024-12-28; https://cryptopotato.com/rich-dad-robert-kiyoaski-best-bet-in-a-boom-or-bust-economy-is-bitcoin/

Pudgy Penguins’ PENGU Token, NFTs Suffer Major Price Dip Post-Airdrop

PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. The highly-anticipated launched on December 17 saw about 62.8 billion PENGU tokens distributed to millions of qualified NFT holders, traders, and team members. However, following an initial surge that catapulted the token into the top 100 cryptocurrencies by market cap, it suffered a swift sell-off.

Source: Wayne Jones, 2024-12-20; https://cryptopotato.com/pudgy-penguins-pengu-token-nfts-suffer-major-price-dip-post-airdrop/

Vivek Ramaswamy Resigns as D.O.G.E Co-Lead to Run for Ohio Governor: Report

Vivek Ramaswamy has stepped down from his role as co-lead of the Department of Government Efficiency (DOGE) His decision is said to stem from a desire to run for governor of Ohio next year, with the current occupant of the seat, Mike DeWine, ineligible for reelection in 2026 since he is serving his second four-year term in office. The Cincinnati native has been a vocal advocate for crypto, criticizing the regulatory approach to the assets. He had also shown interest in succeeding Vice President JD Vance as the senator for Ohio before Governor Dewine selected his deputy, Jon Husted.

Source: Wayne Jones, 2025-01-23; https://cryptopotato.com/vivek-ramaswamy-resigns-as-d-o-g-e-co-lead-to-run-for-ohio-governor-report/

Bitcoin Price Analysis: BTC Risks Decline to $92K If It Closes Below Crucial Support

On the daily chart, Bitcoin has once again failed to close above the $108K resistance level after briefly trading above it and creating a new record high last Monday. Currently, the price is breaking the $100K level to the downside, which could result in a drop lower toward the $92K area in the coming weeks. Yet, RSI is showing a clear oversold signal at the moment, which indicates a bullish pullback is likely to occur before any continuation lower in the short term.

Source: CryptoVizArt, 2025-01-28; https://cryptopotato.com/bitcoin-price-analysis-btc-risks-decline-to-92k-if-it-closes-below-crucial-support/

US Supreme Court Rejects Binance Petition to Avoid Class Action Lawsuit

The U.S. Supreme Court has rejected a petition from Binance and its founder, Changpeng Zhao. The two parties sought a review of a ruling that applies U.s. securities laws to the exchange despite its lack of a physical headquarters. The January 13 follows a lawsuit by investors who accused the world’s largest crypto exchange of illegally selling unregistered tokens that lost much of their value. The current case focuses on whether Binance, which lacks an official location, is subject to U.N. securities regulations because it serviced American clients.

Source: Wayne Jones, 2025-01-15; https://cryptopotato.com/us-supreme-court-rejects-binance-petition-to-avoid-class-action-lawsuit/

Chainlink Launches Cross-Chain Token (CCT) Standard, LINK Adds 6%

The Cross-Chain Interoperability Protocol v1.5 upgrade is now live on mainnet for all developers. The upgrade empowers developers to take their tokens cross-chain “in a self-serve manner” The new standard offers developers “full control and ownership, enhanced programmability, and zero-slippage transfers,” Chainlink said. It stated that CCTs do not require developers to inherit any CCIP-specific code within their token’s smart contract.

Source: Martin Young, 2025-01-17; https://cryptopotato.com/chainlink-launches-cross-chain-token-cct-standard-link-adds-6/

Is Bitcoin About the Crash Below $90,000 Soon? (Bitcoin Price Analysis)

Bitcoin’s price has failed to continue its upward momentum, since dropping below the $100K resistance level. This has led to a lot of uncertainty surrounding the future price action. The market was initially making higher highs and lows inside an ascending channel. Yet, it has since broken the pattern to the downside and retested it twice. With the RSI also showing values below 50%, indicating bearish momentum, the market is likely to drop toward the $90K level before a potential bullish reaction.

Source: CryptoVizArt, 2024-12-31; https://cryptopotato.com/is-bitcoin-about-the-crash-below-90000-soon-bitcoin-price-analysis/

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