Judith Faith, Author at Optimisus

Trump’s inaugural priorities omit crypto, raising doubts

January 22, 2025 2 mins read

President Trump’s recent list of legislative priorities did not include cryptocurrency, raising concerns among crypto advocates. Despite his previous support for the industry, this omission has led to uncertainty about his commitment to crypto policies. During his campaign, Trump showed enthusiasm for the crypto community. He endorsed the industry at a conference in Nashville and even created a Solana-based meme coin. Additionally, he hosted a “Crypto Ball” event that attracted

Wyoming lawmakers propose a bill to allow state funds to be invested in Bitcoin

January 19, 2025 1 min read

Wyoming lawmakers have proposed “House Bill 0201” (HB0201), allowing the state treasurer to invest up to 3% of certain state funds in Bitcoin. These funds include the general fund, permanent mineral trust fund, and permanent land fund. The bill permits investments through direct Bitcoin purchases or regulated Bitcoin exchange-traded products (ETPs) from registered investment companies. To maintain transparency, the state treasurer must provide annual reports on Bitcoin investments. These reports

TRUMP surpasses Pepe and Shiba Inu to become the second-largest meme coin

January 19, 2025 1 min read

TRUMP, a new meme coin launched by President-elect Donald Trump, has quickly become the second-largest meme token by market cap, surpassing Pepe (PEPE) and Shiba Inu (SHIB). As of now, TRUMP has a market cap of around $13.5 billion, trailing only Dogecoin (DOGE), which stands at around $54 billion. The token was introduced on Truth Social and X just two days before Trump’s inauguration, symbolizing his ideals and a celebration

Oklahoma and Texas propose Bitcoin reserve bills

January 17, 2025 2 mins read

Lawmakers in Oklahoma and Texas are pushing forward with proposals to create Bitcoin reserves, reflecting the rising acceptance of Bitcoin (BTC) in public finance. This trend is part of a larger movement as various US states explore the integration of Bitcoin into their financial frameworks. In Texas, State Senator Charles Schwertner has introduced bill SB 778, which aims to designate Bitcoin as a reserve asset. This would enable the state

Trump considers establishing a US-based crypto reserve

January 17, 2025 1 min read

Former President Donald Trump is exploring the idea of establishing a US-based cryptocurrency reserve. This initiative could significantly integrate digital assets into the national financial system. Initial talks indicate that the reserve may focus on key crypto like Solana and XRP, suggesting a shift in the US government’s stance on blockchain and crypto technology. Although details are still emerging, this move could represent a major advancement in the national adoption

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF

January 15, 2025 2 mins read

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF. Ripple has faced significant regulatory challenges, particularly in its legal battle with the SEC. CTO David Schwartz discussed the company’s media strategy during this time, highlighting the struggle against misinformation while navigating legal complexities. Recently, there has been growing speculation about the approval of a spot-based XRP ETF, with analysts and Ripple executives optimistic about its potential to

Indian Railways issues NFT-based train tickets

January 14, 2025 1 min read

Indian Railways is set to introduce NFT-based train tickets for the MahaKumbh Mela 2025, collaborating with Chaincode Consulting. These tickets, minted on the Polygon blockchain, enhance the travel experience for millions attending this significant Hindu pilgrimage. The MahaKumbh Mela occurs every 144 years in Prayagraj, Uttar Pradesh, and is recognized by UNESCO as a World Heritage of Humanity. The use of non-fungible tokens (NFTs) for ticketing combines tradition with modern

Tether is relocating its headquarters to El Salvador

January 14, 2025 1 min read

Tether, a major cryptocurrency firm known for its stablecoin USDT, is moving its headquarters to El Salvador. This decision supports El Salvador’s aim to become a cryptocurrency trading center, as stated by CEO Paolo Ardoino. Along with the headquarters, Ardoino and other co-founders will relocate to the country. El Salvador gained attention three years ago when President Nayib Bukele made Bitcoin legal tender alongside the U.S. dollar. Tether is taking

XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns. The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged by 75.66%, reaching $8.89 billion, showing heightened trading activity. XRP's fully diluted valuation (FDV) is at $251.66 billion, with a market cap ratio of 6.1%. A significant number of short positions have been opened at $2.60, creating a critical liquidation zone. Market makers may target this level, which could lead to increased volatility. Traders are monitoring price movements closely around this threshold. XRP's chart presents mixed signals. Resistance is identified at $2.60, while immediate support is at $2.45. If XRP breaks above $2.60, it could rise towards $2.75. Conversely, if support fails, it may drop to $2.30. The Relative Strength Index (RSI) is at 67.13, approaching the overbought territory.

XRP is up by over 10% with a market cap of $145B

January 12, 2025 1 min read

XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns. The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged

Kraken starts notifying customers about the distribution of FTX claims

January 11, 2025 1 min read

Kraken has started distributing claims for creditors of the collapsed cryptocurrency exchange, FTX. This announcement comes from Sunil, an FTX creditor activist. Creditors who opted for Kraken to manage their claims are receiving emails confirming the completion of the onboarding process. This marks an important step in repaying creditors after FTX’s bankruptcy in 2022. BitGo, another company assigned to handle claims, will begin its distribution process soon, although no specific

A recent survey by Bitwise, an asset management firm, shows increasing interest in cryptocurrency among US financial advisors. The survey, conducted from November 14 to December 20, 2024, found that 56% of advisors are more likely to invest in crypto after the 2024 elections. This indicates a shift towards integrating crypto into mainstream financial portfolios. In 2024, 22% of advisors included crypto in client portfolios, a rise from 11% in 2023. Client interest is also high, with 96% of advisors receiving inquiries about cryptocurrency last year. Among those already investing in crypto, 99% plan to maintain or increase their investments in 2025. Bitwise's Chief Investment Officer, Matt Hougan, noted that 2024 marked a significant moment for crypto adoption, as advisors are recognizing its potential. However, challenges remain, as two-thirds of advisors still lack direct access to crypto for their clients. Access to crypto investments is limited, with only 35% of advisors able to directly purchase crypto for clients. Many advisors prefer crypto equity ETFs for market exposure without direct investment in cryptocurrencies. Regulatory concerns have also been a barrier, but in 2024, only 50% of advisors cited regulatory uncertainty as a major issue, down from previous years. The survey indicates a change in attitude among advisors who were once hesitant about crypto. In 2024, 8% of these advisors considered investing in crypto, which has now increased to 19%. This suggests a growing acceptance of crypto as a viable asset class. The Bitwise survey included 400 financial advisors from various sectors in the US. Looking ahead, 2025 is expected to be a crucial year for crypto in financial advisory, with rising demand, improved regulations, and new investment products likely to drive further adoption.

A Bitwise survey reveals 56% of US financial advisors plan crypto investments in 2025

January 11, 2025 1 min read

A recent survey by Bitwise, an asset management firm, shows increasing interest in cryptocurrency among US financial advisors. The survey, conducted from November 14 to December 20, 2024, found that 56% of advisors are more likely to invest in crypto after the 2024 elections. This indicates a shift towards integrating crypto into mainstream financial portfolios. In 2024, 22% of advisors included crypto in client portfolios, a rise from 11% in

Illuvium teams up with Virtuals Protocol to revolutionize NPC behavior using AI agents

January 9, 2025 1 min read

Illuvium has partnered with Virtuals Protocol to improve NPC behavior in its Overworld game through advanced AI technology. This partnership, revealed on January 7, seeks to swap out conventional, scripted NPCs for smart AI agents that can engage in real-time and create distinct personalities. The Overworld game, released in July 2024, will include NPCs that react to player actions, creating more engaging and personalized gameplay experiences. Virtuals Protocol offers a

Author: Judith Faith

Article written by Judith Faith