🔔 MARKET MOVING NEWS! (16/01/25)

1️⃣ XRP Re-Enters Top 3 Cryptocurrencies, Overtakes Blackrock In Market Cap 🔼

Ripple-linked XRP’s recent price surge has helped it reclaim its position as the third-largest cryptocurrency by market cap. Notably, the price surge has pushed its market capitalisation past that of the asset manager BlackRock. At its current market cap of almost $160 million, it is now valued more than Tether’s USDT which slipped to fourth place with a market value of $137 billion.
#xpr #pumpiscoming
#BullRunAhead $XRP
2️⃣ DOJ Says $9 Billion in Bitcoin Stolen in 2016 Hack Should Be Returned to Bitfinex 'In-Kind' 🤔

In court documents filed Tuesday, the U.S. Department of Justice stated the $9 billion worth of BTC recovered from the 2016 hack of Bitfinex exchange by Ilya Lichtenstein and Heather Morgan should be returned to the platform as there are no "victims" in the case.

For context, Bitfinex had "generalised" the losses from the hack across all its customers and launched a repayment program that included reimbursing users with tokens that could be redeemed for U.S. dollars or for shares in the company. The platform states that it believes customers have been made whole in the process. The court filing states that this is the reason there is “no 'victim' for the specific offences of conviction in this proceeding."

#Bitfinex

3️⃣ Judge Orders BitMEX To Pay $100M Fine Over US Banking Law Violations 💰

Manhattan federal judge Judge John G. Koeltl has reportedly sentenced the parent company of crypto exchange BitMEX - HDR Global Trading Limited, to two years of unsupervised probation and a $100 million fine. Notably, the sentencing comes roughly six months after the crypto exchange pleaded guilty to violating the US Bank Secrecy Act (BSA) by operating without “any meaningful” Anti-Money Laundering (AML) program.

In a statement to its users after the judgment, BitMEX reiterated its claim that the BSA charge was “old news,” adding:

Whilst we are disappointed to learn of the imposition of an additional financial penalty, the amount is substantially less than what the Department of Justice have been pursuing us for over 3 years.

4️⃣ VanEck Files Prospectus For 'Onchain Economy' ETF ⚡️

Asset manager VanEck has reportedly submitted an application to the US Securities and Exchange Commission for a new exchange-traded fund called the Onchain Economy ETF. According to the prospectus filing with the U.S. Securities and Exchange Commission, the fund will prioritise investments in digital asset-focused companies such as exchanges, crypto payment platforms and mining firms, in addition to virtual asset-focused investment vehicles like commodity futures contracts. Notably, it does not itself invest in digital assets or commodities.

5️⃣ Oklahoma Becomes Latest State to Consider Bitcoin Reserve Bill 💸

Oklahoma has reportedly become the latest state to formally consider establishing a strategic Bitcoin reserve. A new bill to establish the same was introduced to the Oklahoma House of Representatives on Jan. 15 by state Representative Cody Maynard. If approved in this upcoming session, the bill would allow state savings accounts and pension funds to invest in digital assets like BTC beginning in November. Specifically, the bill allows Oklahoma’s state treasurer to invest public funds in any digital asset that has averaged greater than a $500 billion market capitalization over the previous calendar year. Currently, only Bitcoin meets that requirement.

6️⃣ US Law Firm Seeks Legal Action Against Pump.Fun For Investors With Losses ‼️
#USGovernment
New York-based law firm Burwick has revealed plans to take legal action against Solana-based meme coin launchpad Pump.fun on behalf of investors that experienced losses on the platform. The law firm claimed that Pump.fun pocketed “hundreds of millions” in fees while illegal drug use, acts of self-harm, racism, antisemitism and other antisocial acts appeared on the platform.

Burwick wrote in its Wednesday X post,

🔍 نظرة عامة:
مع اقتراب موعد تنصيبه، يخطط الرئيس المنتخب دونالد ترامب لاتخاذ خطوات حاسمة لدعم قطاع العملات الرقمية. وفقًا لتقرير نشرته صحيفة واشنطن بوست، يعتزم ترامب إصدار أوامر تنفيذية في يومه الأول كرئيس لإلغاء الإرشادات
المثيرة للجدل الصادرة عن هيئة الأوراق المالية والبورصات الأميركية والمعروفة بـ
SAB 121.
📊 ما هي SAB 121؟
هي نشرة أصدرتها هيئة ، تتطلب من الشركات التي تحفظ العملات الرقمية للعملاء تسجيل هذه الأصول كالتزامات على ميزانياتها.هذا الإجراء أثار قلق مجتمع العملات الرقمية باعتباره يمثل عائقًا أمام المؤسسات التي تقدم خدمات الحفظ.
⚡️ خطة ترامب لدعم العملات الرقمية:
تعيين ديفيد ساكس، الرئيس التنفيذي السابق لباي بال، ليكون "قيصر البيت الأبيض للذكاء الاصطناعي والعملات الرقمية".اختيار المنظم السابق المؤيد للعملات الرقمية بول أتكينز لرئاسة هيئة .التركيز على معالجة قضايا "الحرمان المصرفي" (De-banking) التي تؤثر على شركات العملات الرقمية، وضمان وصولها إلى الخدمات المصرفية.
🔑 خلفية تشريعية:
في العام الماضي، صوت الكونغرس لإلغاء SAB 121، حيث أيد الإجراء 228 نائبًا في مجلس النواب، بما في ذلك 21 ديمقراطيًا.في مجلس الشيوخ، حصل الإجراء على تأييد 60 عضوًا، بمن فيهم زعيم الأغلبية الديمقراطي تشاك شومر.ومع ذلك، تم استخدام حق النقض من قبل الرئيس جو بايدن لإيقاف الإجراء.
🏦 اتهامات ضد إدارة بايدن:
اتهم البعض إدارة بايدن بتقييد وصول شركات العملات الرقمية إلى الخدمات المصرفية.في تقرير "مراجعة المخاطر" لعام 2024، نفت المؤسسات الفيدرالية هذه المزاعم وأكدت أن البنوك ليست ممنوعة أو مقيدة من التعامل مع شركات العملات الرقمية.
🎯 ما يمكن توقعه من إدارة ترامب:
إصدار أوامر تنفيذية لتسهيل وصول شركات العملات الرقمية إلى البنوك.احتمال إنشاء "احتياطي بيتكوين" كجزء من استراتيجية الولايات المتحدة لدعم قطاع العملات الرقمية.
🌟 خلاصة:
تبدو رئاسة ترامب المقبلة أكثر انفتاحًا على قطاع العملات الرقمية، مع وعود بتغييرات تنظيمية قد تدفع القطاع نحو
مزيد من النمو. ومع تعيين فريق متخصص وداعم، يتطلع المستثمرون إلى مستقبل مشرق.
$BTC

$ETH

$XRP

#DollarRally110
#10DaysToTrump
#USJobsSurge256K
#USGovernment

#Alert🔴
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#NFPCryptolmpact #BTC #USGovernment #BinanceSquareTalks

Mr. Donald Trump hasn’t even stepped back into the White House yet, but his usual chaos is already here. The International Monetary Fund (IMF) says his now-infamous tariff threats are pushing long-term interest rates higher worldwide.
Kristalina Georgieva, the IMF’s Managing Director, called the situation “very unusual” during a press conference. Short-term rates are going down, which doesn’t typically happen at the same time as a global spike in long-term borrowing costs.
Blame it on Trump’s second-term trade policy promises, she says. This guy has made it clear that he’s gonna go after imports from China, Mexico, Canada, and anyone else he considers an economic rival—or ally, for that matter actually.
The IMF is so mad at him right now. Pierre-Olivier Gourinchas, their Chief Economist, warned back in October that trade wars and uncertainty could chop 0.5% off global output. He told Trump directly that he would drag America and everyone else down. We think it’s safe to assume that Trump is not gonna listen.
Markets freak out as Trump haunts
Meanwhile, bond yields are climbing everywhere, and the US dollar is on a rampage. Investors are spooked, and they’re bracing for what Trump’s second term could bring. Georgieva says medium-sized economies, Asia, and emerging markets are going to feel the pain the most.
“The greenback’s strength could fuel higher funding costs for emerging-market economies and especially for low-income countries,” she explained.
Here’s the thing though: this economic turbulence comes while the global economy is already limping. Since the pandemic, the IMF has been warning that growth isn’t great. Back in October, they predicted the global economy would expand by 3.2% in 2025.
Don’t expect a major update on January 17 when the next forecast is released. Sorry, but Georgieva has already said that the number will stay about the same. Still though, there’s a lot happening under the hood. The US is outperforming expectations, while the European Union is losing steam.
India is dragging a little, and China is stuck in a mess of low demand and deflation. In the middle of all this, the Federal Reserve is in a weird spot. December jobs data was stronger than expected, flipping rate-cut predictions on their head.
Bank of America has completely scrapped its forecast for rate cuts, saying hikes might even be on the table if inflation doesn’t stay in check. Citigroup is still clinging to hopes for rate cuts, but even they’ve pushed the timeline to later in the year.
Georgieva thinks the Fed has room to wait it out. Meanwhile, traders are already adjusting. Interest rate cut bets are shrinking fast. Markets are now pricing in just 30 basis points of reductions through the end of 2025, with any movement likely happening closer to September instead of mid-year.
Europe braces for another Trump storm
Over in Europe, leaders are on edge. The European Union isn’t taking Trump’s tariff threats lightly, and officials are openly preparing for a trade war. Stephane Sejourne, their industry chief, says the bloc has both defensive and offensive tools ready to protect its industries.
“Markets are increasingly protective, with aid making our industries uncompetitive,” he said. He added, “This marks the end of European complacency.”
Translation: If Trump follows through on tariffs, the EU plans to fight back. They’ve been here before. In 2018, Trump slapped European steel and aluminum with tariffs. The EU didn’t sit around—they hit back with duties on politically sensitive American products like Harley-Davidson motorcycles and Levi Strauss & Co. jeans.
“We have everything to lose from a collective trade war,” Sejourne admitted, but that doesn’t mean they’re rolling over. Since Trump’s first election win in 2016, the EU has bulked up its trade defense playbook. They now have measures in place to counter economic coercion, and they’re ready to use them.
“I’m prepared to explore both defensive and offensive actions with my colleagues,” Sejourne said. Europe’s strategy includes potential tariffs on US imports and financial aid for European businesses that might get caught in the crossfire.
#BTCMove #USGovernment #DonaldTrump #USJobsSurge256K