Author: ADM

President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US […]

The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple. In its Jan. 15 filing, the SEC claims that Ripple’s XRP sales to retail buyers should be classified as unregistered securities transactions. According to the SEC: “The district court erred both factually and legally in […]

Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves. Media reports in the Asian nation have revealed that it is weighing the approval of Bitcoin exchange-traded funds (ETFs) while considering a ban on Polymarket. Bitcoin ETF The Thai Securities and Exchange Commission (SEC) is reportedly considering introducing spot Bitcoin […]

Ripple has committed $100,000 in XRP to aid relief efforts for victims of the devastating California wildfires. According to a Jan. 14 statement, this contribution was channeled to World Central Kitchen and GiveDirectly, two organizations actively providing meals and financial assistance to those affected. The firm stated that its donation was facilitated through The Giving […]

Bitcoin traded around $96,500 Tuesday following the release of US December Producer Price Index (PPI) data, which indicated a deceleration in producer price growth. The monthly PPI rose 0.2% in December, below November’s 0.4% increase and in line with forecasts of 0.3%. Core PPI, which excludes volatile items such as food and energy, remained flat […]

Bitcoin’s volatility intensified in the second week of January, with its price falling 6.25% between Jan. 6 and Jan. 12 to $90,900 from $96,960. While this is still in line with expected drawdowns during bull cycles, the drop provides an excellent case study for analyzing the market’s behavior. Observing the changes in realized price through […]

Binance continues to solidify its position as the top global crypto exchange, as recent data highlights its growing dominance across key markets. Data from CryptoQuant shows that the crypto commands a staggering 96.91% of crypto trading activity in South Korea. In contrast, local exchanges like Upbit and Bithumb collectively account for only 3.09% of the market. […]

HashKey Group, a digital asset firm based in Asia, has announced it received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), according to a Jan. 13 statement. This development marks the next step in the company’s expansion into the Middle East and North Africa (MENA) […]

The Consumer Financial Protection Bureau (CFPB) proposed a new interpretive rule on Jan. 10 that could extend the Electronic Fund Transfer Act (EFTA) protections to crypto wallets, potentially holding them accountable in case of hacks. The proposed rule, currently open for commentary, clarifies how existing EFTA regulations apply to new payment systems, including stablecoins and […]

Federal Deposit Insurance Corporation (FDIC) interim Chair Travis Hill acknowledged the agency’s role in “debanking” crypto firms during a speech in St. Louis on Jan. 10.  Hill pointed to accounts of crypto-related businesses losing access to banking services without explanation, placing them alongside historically debanked groups such as politically disfavored industries and individuals associated with […]