Author: James Wilson

Article written by James Wilson

Bitcoin Drops Below $91K With Over $200 Billion Liquidated

February 3, 2025 1 min read

Major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana’s SOL, and XRP saw significant declines as trading began in Asia. By mid-morning in Hong Kong, Bitcoin dropped 11%, falling below $91,000. Ether fell nearly 20%, trading at $2,500, while Solana decreased by 13% to $184. XRP experienced the largest drop, down 28% and trading at $2. Recent data from CoinGlass revealed that around $200 billion in long positions were liquidated in

MicroStrategy launched its convertible preferred stock offering

February 2, 2025 1 min read

MicroStrategy, a business intelligence company, recently announced a significant stock offering. On January 30, the company sold 7.3 million shares of its 8% Series A perpetual strike preferred stock, known as STRK. The public offering price was set at $80 per share. This amount is nearly three times the initial plan of 2.5 million shares. The company expects to raise about $563.4 million from this offering. MicroStrategy plans to use

The Fed keeps interest rates at 4.25%-4.50%, boosting Bitcoin

January 31, 2025 1 min read

The Federal Reserve decided to keep interest rates steady at 4.25%-4.50%. This move shows caution regarding easing monetary policy. Typically, steady rates can slow investments in high-risk assets. However, major cryptocurrencies like Bitcoin, Solana, and XRP saw a slight increase of about 2% following the announcement. This decision comes after three rate cuts in late 2024. It indicates that policymakers are not ready for further reductions yet. The Fed’s current

Illinois and Indiana introduce bills to create a Strategic Bitcoin Reserve

January 31, 2025 1 min read

Illinois and Indiana are working on creating a Strategic Bitcoin Reserve. This initiative is part of a growing trend among states looking to explore Bitcoin as a financial asset. Illinois is focusing on establishing a Bitcoin reserve fund, while Indiana is looking into blockchain applications and Bitcoin investments through exchange-traded funds (ETFs). In Illinois, State Representative John M. Cabello has introduced House Bill 1844, known as the Strategic Bitcoin Reserve

Paradigm urges Ethereum to accelerate updates

January 29, 2025 2 mins read

Paradigm, a leading venture capital and blockchain research firm, urges Ethereum to speed up its update cycles to remain competitive. They highlight ossification and inertia as significant barriers to the network’s growth. Currently, Ethereum implements one major update annually, which Paradigm believes limits innovation and adaptability. Co-founder Matt Huang and his team emphasize the need for more frequent upgrades to respond to market changes and technological advancements while maintaining Ethereum’s

The Bitcoin plan of Trump at Davos is urging leaders to use crypto

January 27, 2025 1 min read

Coinbase CEO Brian Armstrong recently shared insights on the impact of former President Donald Trump on the crypto landscape. At the World Economic Forum in Davos, discussions focused on Trump’s proposal for a “Strategic Bitcoin Reserve.” Armstrong noted that Trump is influencing leaders to reconsider their stance on cryptocurrencies, viewing them as a means to achieve economic freedom. This shift is leading banks and asset managers to invest more in

Jupiter crypto exchange token surges by over 40%

January 27, 2025 1 min read

Jupiter, a decentralized exchange (DEX) aggregator on Solana, concluded its first event, ‘Catstanbul 2025,’ with a keynote from its founder, known as ‘Meow.’ He shared exciting updates about the platform’s governance token, JUP, which saw a price increase of 10.86%. Meow expressed his ambition to make JUP the “most GOATed” token, highlighting the commitment of the team and community. He announced a significant plan to burn 3 billion JUP tokens,

Crypto leaders celebrate regulatory shifts

January 23, 2025 2 mins read

The recent Crypto Inaugural Ball in Washington, D.C., marked a positive shift in the crypto industry’s sentiment. Industry leaders have faced challenges over the past four years due to unclear regulations and a lack of collaboration from the previous administration. With new pro-crypto appointments, such as David Sacks as the “crypto czar,” there is renewed optimism. The focus now is on establishing clear and lasting legislation to prevent crypto from

Senator Ted Cruz plans to challenge IRS crypto tax rules

January 22, 2025 1 min read

Texas Senator Ted Cruz is opposing new IRS crypto tax rules, which have been welcomed by the crypto community. He plans to use the Congressional Review Act (CRA) to challenge a regulation that requires crypto brokers to report extensive income from digital assets. Critics believe this rule misinterprets the term “broker” and does not consider the decentralized nature of blockchain technology. The IRS rule was part of the 2021 infrastructure

$1,000 in XRP, HBAR, or XYZVerse? Analyst Names the Best Altcoin for 2025

January 19, 2025 4 mins read

Investing $1,000 in the right cryptocurrency today could yield substantial returns by 2025. An analyst has identified one altcoin that outshines popular choices like XRP and HBAR. This article explores which digital coin stands out as the top pick, offering insights into the potential leader of the next market surge. XYZVerse: The Best New Meme Project You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven,

Burwick Law files a lawsuit against Pump.fun

January 17, 2025 1 min read

Burwick Law has initiated a lawsuit against Pump.fun, representing investors who claim to have lost money due to failed meme coins and alleged rug pulls on the platform. The law firm is encouraging affected users to join the case by filling out an intake form. Pump.fun, a notable meme coin launchpad on the Solana blockchain, faces accusations of financial misconduct and not fulfilling promises. Reports suggest that over 60% of

The SEC delays its decision on the Bitwise 10 Crypto ETF to March 2025

January 15, 2025 2 mins read

The US Securities and Exchange Commission (SEC) has postponed its review of the Bitwise 10 Crypto Index ETF proposal until March 3, 2025. This extension gives the SEC more time to evaluate the fund, which aims to track leading crypto like Bitcoin, Ethereum, and Solana. The proposal was initially submitted by NYSE Arca on November 14, 2024, and published in the Federal Register on December 3, but it received no