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Donald Trump Promises to "Never Allow" Central Bank Digital Currencies (CBDC) if Elected -January 18, 2024
Former President and front-runner in the Republican leadership race, Donald Trump, has promised to ban the creation of a central bank digital currency (CBDC) during a campaign stop in New Hampshire.
"As your president, I will never allow the creation of a central bank digital currency,” Trump said on stage, joined by crypto-friendly former candidate Vivek Ramaswamy, who recently suspended his campaign.

JUST IN: 🇺🇸 Donald Trump says "As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money." 
January 18, 2024
“This would be a dangerous threat to freedom, and I will stop it from coming to America,” he continued. “Such a currency would give a federal government, absolute control over your money. They could take your money, and you wouldn’t even know it was gone.”
CBDCs are digital versions or tokenized versions of cash that are issued and regulated by central banks that may or may not use blockchain as an underlying technology.
Trump, once a critic of crypto, owned over $2.5 million in ether according to an August 2023 disclosure.
While there's currently no proposal from the Federal Reserve to introduce a CBDC, this hasn't stopped it from becoming a hot issue in U.S. politics, particularly on the campaign trail.
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Which Altcoins Did Binance Invest in in 2023? Here is the Full List!

While Binance, the world's largest cryptocurrency exchange, continues to invest in new projects, Binance Labs announced the altcoin projects invested in 2023.
At this point, Binance Labs compiled the invested projects in its blog post.
Binance Labs stated that it has invested in more than 25 altcoin projects in the Web3 space throughout 2023.
Binance Labs also stated that it has invested in 250 projects in 25 countries since 2018 and has achieved a 14-fold return from these investments.
Finally, Binance Labs stated that more than 2,000 global startups applied to the incubation programs for two seasons in 2023 and said, “In 2023, Binance Labs funded nine prominent projects participating in the 5th and 6th Seasons of the Binance Labs Incubation Program. These are AltLayer, Bracket Labs. , dappOS , KiloEx , Kinza Finance , KryptoSkatt , Mind Network , Sleepless AI , zkPass .” said.
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Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin

A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top.
The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) is still in an uptrend, it starting to show signs of bullish exhaustion.
“Why it looks good:
-consolidation and highly bullish high time frame market structure
-still bullish on all time frames
-EMAs (exponential moving averages) all catching up + other alts looking strong
Why it doesn’t:
-could be an exhaustion pump here and last big move up
-could be rotation from others (SOL/SEI/etc/) to ETH season also known as ARB/LDO/OP
-dying volume/some signs of distribution here.”
At time of writing, SEI is trading for $0.785, up over 247% from its 30-day low of $0.226.
The trader is also keeping an eye on the price action of Lido DAO (LDO), a liquid staking service for the Ethereum (ETH) blockchain. Altcoin Sherpa says that while he’s still bullish on LDO, he expects it to correct to either the 0.382 or 0.5 Fibonacci retracement level.
“LDO: checking this one, I think a solid entry is coming up around $2.75-$3. Still bullish on this one overall.”
At time of writing, LDO is worth $3.45.
The last altcoin on the trader’s radar is X is the gaming-focused crypto project $XAI (XAI). Altcoin Sherpa thinks that XAI will likely revisit its immediate support level before moving higher.
“XAI: something like $0.90 would probably be a solid entry.”
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BNB Chain Launches $475,000 Hackathon Plan for 2024

According to Foresight News, BNB Chain has announced the launch of its 2024 hackathon plan, with a total prize pool of $475,000. The hackathon will cover six tracks, including AI, infrastructure, gaming, DePIN, social, and academic research.
The competition aims to encourage innovation and development in various fields, with participants competing for the substantial prize pool. The event is expected to attract a diverse range of talent and foster collaboration among developers, researchers, and other industry professionals.

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Bitcoin drops $60B from market cap as investors shuffle funds into ETFs
When the SEC finally approved spot bitcoin ETFs, bullish investors anticipated a flow of new money into bitcoin. Instead, it appears that investors have been more interested in reshuffling their money.
A cursory view of trading activity in the newly-listed bitcoin ETFs could give the impression that they are quite popular. Within three days, trading volumes exceeded $10 billion — far outpacing transactions of any other ETFs launched within the last 12 months.
The reality, however, is that money has actually flowed out of bitcoin since the approvals, and bitcoin’s market capitalization has declined by over $60 billion.
As sophisticated investors who bought the rumor sold the news, most Bitcoiners simply rotated existing bitcoin investments into the ETFs.

Record trading volumes in spot bitcoin ETFs
According to Bloomberg analysis, as of this week, the combined trading volume of 500 non-bitcoin ETFs that launched during 2023 was $450 million. That compares to $1.8 billion across just 10 bitcoin ETFs.
Institutions prominently disclosed their capital rotation intentions in SEC filings. For example, Cathie Wood’s Ark Invest sold off the bitcoin futures-based BITO in order to buy its own, newly-approved spot bitcoin ETF, ARKB. All of that volume — selling one ETF to buy another — is double-counted.
Dan Morehead’s Pantera Capital disclosed weeks ago in Bitwise’s S-1 SEC filing that the firm would be buying $200 million of Bitwise’s ETF. Morehead often endorses Bitwise’s Matt Hougan on X and elsewhere. This capital infusion caused Bitwise’s ETF to top the leaderboard of spot bitcoin ETF inflows for day one. Had it not been for Morehead’s $200 million, Bitwise’s ETF would have ranked fifth.

GBTC capital rotation
Grayscale’s GBTC is by far the largest source of double-counted volume. Approximately $1.17 billion flowed out of GBTC from Thursday through Monday.
#TrendingTopic #BTC #Binance #ETF #BTC-ETF

$MANTA Token Airdrop All Set for 18th January – Here’s All You Need to Know

Manta Network, a platform dedicated to building scalable decentralized applications, is gearing up to reward its community with a MANTA token airdrop.
The event, scheduled on January 18, 2024, serves as a gesture of gratitude to the long-term supporters of Manta’s two networks, including Manta Pacific, the native layer 2 modular blockchain, and Manta Atlantic, the fastest zero-knowledge (ZK) Layer 1 chain on Polkadot (DOT), according to a release shared with Cryptonews.
Manta Pacific has experienced a remarkable 70x increase in Total Value Locked (TVL) over the past quarter.
Currently listed in the fourth position, it stands out as the fastest-growing L2 network, with a TVL of $858 million, as per L2Beat data.

On Manta Pacific, MANTA token holders will enjoy benefits such as gas fee savings and sequencer revenue.
The token’s purpose is to enhance the user experience of on-chain activities and interactions with zkApps in the ecosystem.
Builders and contributors will directly benefit from MANTA, fostering growth and sustainability within the ecosystem.
The token can also be used to fund other projects in the ecosystem and generate revenue.
On Manta Atlantic, MANTA serves as a network usage fee, medium of exchange, governance rights, network security, and allocation for ecosystem projects, treasury, collators, and staking rewards.
The total supply of MANTA at Genesis is set at 1,000,000,000 tokens, with a yearly minting rate of 2% starting from Token Genesis.
The airdrop will be divided into two categories, which includes Airdrop Rewards and Airdrop Bonus Rewards.
Airdrop Rewards account for 3% of the total token supply and will allocate 30,000,000 $MANTA to Manta Atlantic and Manta Pacific users and supporters.
Airdrop Bonus Rewards, comprising 2% of the total supply, will distribute an additional 20,000,000 $MANTA to supporters and users within the Manta ecosystem.
#TrendingTopic #MANTA #News #trendingtoday #CHZ

🚀Manta overtakes Base in terms of TVL volume!🚀

$Manta Network has surpassed the Base Network to become Ethereum’s fourth largest Layer 2 solution.💥
According to the L2Beat platform, $858 million has already been locked in smart contracts on the new Manta Network blockchain. The surge in interest in the network was likely caused by the launch of the bridge and a potential airdrop for Manta users.
Mainnet was launched on Sep. 10, 2023. The network’s TVL began to increase in mid-December. According to L2Beat, $858 million is locked in the network’s smart contracts, almost $101 million more than Base’s $757 million.💵

However, Manta’s market share is relatively small overall – only 3.87%. The leader remains Arbitrum One, which holds almost 50% of the total TVL market with a market share of 49.78%.
In addition to the impressive TVL, the Manta Network team has allocated 12% of the MANTA token emission to airdrops. The total emission of native tokens of the second-level network Manta Network will be 1 billion MANTA, of which 12% will be used to finance two airdrops.
Earlier in January, the Arbitrum One network broke a new record. At the beginning of the year, the blockchain saw a noticeable positive net inflow of TVL, exceeding $11.04 billion, setting a historical record. Total TVL across Level 2 networks also reached a historically high level in January, exceeding $21 billion.
#MANTA #BTC #Airdropnews #Top5Cryptos

💵Airdrop Good News from Ethereum Based Altcoin Network!

Blast, the Ethereum layer-2 scaling network launched by the founder of NFT marketplace Blur, announced the official launch of its testnet and launched the 'Blast BIG BANG' airdrop competition to attract developer attention.

Trying to include developers in the Blast ecosystem, the Blast team stated that 50% of the airdrop announced will be allocated to developers and the other 50% will be allocated to Blast staking users.
Developers participating in the “Blast BIG BAN” competition will have the chance to receive tokens via airdrop.
The Blast team said that the winning developers as a result of the airdrop competition will be announced and introduced to Blast users when the mainnet goes live at the end of February.

Making a statement from the
As you may remember, the popular NFT marketplace Blur also distributed BLUR tokens worth $ 800 million to NFT investors in 2023.
BLUR, which increased by nearly 10% during the day yesterday and went up to $ 0.73, continues to trade at $ 0.67, giving back these gains at the time of writing.
#Launchpool #CHZ #BTC #AirDrops