News – Page 22

Crypto Advocate French Hill Picked to Lead House Financial Services Committee in 2025

Arkansas Republican will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress. The position means Hill will be key for legislative initiatives for the crypto industry that will take shape in the coming year. In a formal , the 68-year-old highlighted his promise to work closely with Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and House Republican Conference Chair Lisa McClain in the future. He also mentioned that he’s looking forward to collaborating with President-ele.

Source: Wayne Jones, 2024-12-14; https://cryptopotato.com/crypto-advocate-french-hill-picked-to-lead-house-financial-services-committee-in-2025/

Metaplanet Establishes Bitcoin Treasury Operations as Official Business Line

Japanese-listed company Metaplanet announced on December 18 that it will formally run Bitcoin Treasury Operations as a new business line. This move, approved by the firm’s board of directors, is part of its broader strategy to integrate Bitcoin into its financial framework. The document also reveals Bitcoin purchases and accumulation will be conducted with BTC Yield as the primary performance metric. Metaplanet will also continue generating premium income from Bitcoin put option sales, which capitalize on the asset’s volatility to drive revenue.

Source: Wayne Jones, 2024-12-20; https://cryptopotato.com/metaplanet-establishes-bitcoin-treasury-operations-as-official-business-line/

USDT Transfer Volume on TRON Reaches All-Time High of $587.2B

The TRON network processed $587.2 billion in USDT transfers during November 2024. This all-time high (ATH) reflects significant growth compared to $424.4 billion in September and $489.3 billion in October. The figure, by CryptoQuant analyst Maartunn, is noteworthy, considering in July 2019, the network only managed to move about $73.8 million. The number of USDT receivers on TRON was also at its highest level in October, reaching 10.6 million. But the 9.2 million senders in that month were only bettered by the 10.18 million recorded earlier in May.

Source: Wayne Jones, 2024-12-20; https://cryptopotato.com/usdt-transfer-volume-on-tron-reaches-all-time-high-of-587-2b/

The Bitcoin (BTC) Bull Run Could End Sooner Than You Think: Analyst

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, 2024-12-20; https://cryptopotato.com/the-bitcoin-btc-bull-run-could-end-sooner-than-you-think-analyst/

Exodus Crypto Wallet Debuts on Wall Street, Shares Skyrocket 36%

Exodus Movement Inc., the financial technology company behind the Exodus self-custodial crypto wallet, has officially entered Wall Street. The firm’s first full day on the market was eventful, with its stock surging 36.33% to close at $53.50 while registering an impressive intra-day high of $67.00. It joins a select group of crypto-centric companies making their mark on major U.S. bourses, trading under the ticker “EXOD” on NYSE American.

Source: Wayne Jones, 2024-12-20; https://cryptopotato.com/exodus-crypto-wallet-debuts-on-wall-street-shares-skyrocket-36/

Crypto May Face a Major Downtrend Around Trump’s Inauguration: Arthur Hayes

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, says the crypto market may face a significant downtrend around January 20th. The same day Trump will be inaugurated as the 47th United States President. Hayes says the president-elect cannot quickly make policy modifications upon inauguration as crypto investors will not be able to make as much of a decision as they did during the campaign. He also says that the U.S. is not the world’s crypto capital.

Source: Mandy Williams, 2024-12-20; https://cryptopotato.com/crypto-may-face-a-major-downtrend-around-trumps-inauguration-arthur-hayes/

Ethereum Overtakes Tron as the Leading Network for USDT Supply

Over the past month, Tether issued $20 billion in USDT on the network. Some analysts imply it is a nod to the reputation of the platform co-founded by Vitalik Buterin as a “trusted” and socially reputable network. Tether has been issuing between $1 billion and $2 billion of stablecoins every few days across Ethereum and Tron, with the former accounting for the lion’s share. The trend is more than just numbers. It could mark it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency.

Source: Wayne Jones, 2024-12-13; https://cryptopotato.com/ethereum-overtakes-tron-as-the-leading-network-for-usdt-supply/

2025: The Golden Age of Crypto? Bitwise Shares Optimistic Outlook for BTC, ETH, SOL

Crypto exchange-traded fund (ETF) issuer Bitwise predicted that 2025 will usher in the Golden Age of Crypto. In its latest report, Bitwise outlined a stellar 2025 for Bitcoin, Ethereum, and Solana, building on their impressive 2024 performances. Among other things, AI-driven meme coins are also expected to gain traction in the coming year. Bitcoin led the charge in 2024, soaring 141.72% as ETF inflows reached record highs, and its April halving further tightened supply. Bitwise first projected Bitcoin to reach $200,000, before subsequently hitting $500,000 or more.

Source: Chayanika Deka, 2024-12-12; https://cryptopotato.com/2025-the-golden-age-of-crypto-bitwise-shares-optimistic-outlook-for-btc-eth-sol/

Crypto.com Joins Forces With Germany’s Deutsche Bank for Certain Banking Services

Crypto.com, a leading Singaporean digital asset trading platform, has announced a partnership with Deutsche Bank. Deutsche Bank is a German-based multinational investment bank and financial services company. Crypto.com’s corporate banking services will be available for the exchange in Singapore, Australia, and Hong Kong for starters. The crypto company and banking entity intends to expand the reach of the partnership to Europe and the United Kingdom in the future. It will enhance banking services and establish a strong foundation in select regions.

Source: Mandy Williams, 2024-12-12; https://cryptopotato.com/crypto-com-joins-forces-with-germanys-deutsche-bank-to-offer-banking-services/

Circle and Binance Partner to Drive Global USDC Adoption and Battle USDT

Binance and Circle announce a strategic partnership to promote USDC. USDC is a stablecoin jointly owned by Circle and Coinbase. Binance will incorporate USDC into its full suite of products and services, offering 240 million global users access to the stablecoin for trading, saving, and payment applications. Details about revenue sharing in this arrangement remain undisclosed, though sources informed Fortune that Binance won’t acquire an equity stake in Circle. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of Tether.

Source: Wayne Jones, 2024-12-12; https://cryptopotato.com/circle-and-binance-partner-to-drive-global-usdc-adoption-and-battle-usdt/

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