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š±š„New York bank predicts $225,000 worth of Bitcoinšŗšøš
The year 2024 continues like a dream for Bitcoin, and the financial world expects the rise to continue this year. Finally, New York-based investment bank H.C. Wainwright increased its 2025 estimate for Bitcoin to 225 thousand.
Bitcoin, which started a major rally especially with the approval of spot ETFs in the US and reached 108 thousand today at intervals after the #US elections, continues to rise. Finally, New York-based investment bank H.C. Wainwright increased its previously $140 thousand volatility price estimate for 2025 to 225 thousand.
In the bank's latest report, it was noted that the expected regulatory clarity in the US in 2025, the growth of institutional adaptation and global growth demand will significantly increase the price of Bitcoin.
FIT21 limit...
The report particularly stated that the uncertainty in the regulations of the "Financial Innovation and Technology laws in the 21st century, also known as FIT21, is expected to be eliminated. This law aimed to shed light on the essence of which digital assets are considered commodities and which are considered securities.
āYou can reach 4.5 productsā
The report stated that Bitcoin could be found in the market at 25% of goldās market representation by the end of 2025, that is, 4.5. One of the reasons for the rise was also emphasized as Bitcoinās halving, which significantly reduced its supply.
#BitcoinTurns16 #BitcoinHashRateSurge #BinanceAlphaAlert #BTC
Bitcoin, which started a major rally especially with the approval of spot ETFs in the US and reached 108 thousand today at intervals after the #US elections, continues to rise. Finally, New York-based investment bank H.C. Wainwright increased its previously $140 thousand volatility price estimate for 2025 to 225 thousand.
In the bank's latest report, it was noted that the expected regulatory clarity in the US in 2025, the growth of institutional adaptation and global growth demand will significantly increase the price of Bitcoin.
FIT21 limit...
The report particularly stated that the uncertainty in the regulations of the "Financial Innovation and Technology laws in the 21st century, also known as FIT21, is expected to be eliminated. This law aimed to shed light on the essence of which digital assets are considered commodities and which are considered securities.
āYou can reach 4.5 productsā
The report stated that Bitcoin could be found in the market at 25% of goldās market representation by the end of 2025, that is, 4.5. One of the reasons for the rise was also emphasized as Bitcoinās halving, which significantly reduced its supply.
#BitcoinTurns16 #BitcoinHashRateSurge #BinanceAlphaAlert #BTC
let's delve deeper into Chance Coin (XNT) as a loyalty-based token.
Blockchain Foundation: XNT is built upon blockchain technology, providing several key advantages
Transparency, Security, Decentralization
Reward Mechanisms: diverse range of reward mechanisms to incentivize customer engagement
Cross-Platform Utility: designed for seamless use across various platforms.
Retail,physical stores, online platforms, mobile applications, Travel, flights, hotel stays, rental cars, movies, concerts, sporting events, groceries, gaming and .....
#chancecoin #xnt #networkxnt #BinanceAlphaAlert #US
Blockchain Foundation: XNT is built upon blockchain technology, providing several key advantages
Transparency, Security, Decentralization
Reward Mechanisms: diverse range of reward mechanisms to incentivize customer engagement
Cross-Platform Utility: designed for seamless use across various platforms.
Retail,physical stores, online platforms, mobile applications, Travel, flights, hotel stays, rental cars, movies, concerts, sporting events, groceries, gaming and .....
#chancecoin #xnt #networkxnt #BinanceAlphaAlert #US
Wall Street Pepe Presale Hits $40M Mark ā Will WEPE Be 2025ās Biggest Meme Coin Launch?šøāØ
Wall Street Pepeās (WEPE) presale has just soared past the $40 million mark.
This milestone has raised eyebrows in the crypto market, prompting debate about the projectās potential.
Could WEPE be the biggest meme coin launch of 2025?
Wall Street Pepeās Utility-Driven Approach Sets It Apart from Other Meme Coins
Wall Street Pepe aims to be more than just another frog-themed meme token.
Itās attempting something new by providing tools and resources that crypto traders actually need.
Think of it like a digital trading sidekick combined with the viral appeal of the Pepe the Frog character.
At the heart of all this is the WEPE Army.
Itās a community where members can share trading strategies, market insights, tips, and more.
Groups like this often make finding hidden gems much easier for beginner traders.
But Wall Street Pepe doesnāt stop at this online community.
Itāll also provide access to in-depth market analysis, trading signals, and early alerts on promising presale projects.
Thereās also a staking app for the WEPE token, offering yields of 32% per year.
And for active traders, there are even trading competitions offering WEPE rewards for those with the best strategies.
That means there are two different ways to earn WEPE in the Wall Street Pepe ecosystem.
No wonder traders are going wild for this new meme coin.
#PEPEā #WEPE #US #CryptoReboundStrategy
This milestone has raised eyebrows in the crypto market, prompting debate about the projectās potential.
Could WEPE be the biggest meme coin launch of 2025?
Wall Street Pepeās Utility-Driven Approach Sets It Apart from Other Meme Coins
Wall Street Pepe aims to be more than just another frog-themed meme token.
Itās attempting something new by providing tools and resources that crypto traders actually need.
Think of it like a digital trading sidekick combined with the viral appeal of the Pepe the Frog character.
At the heart of all this is the WEPE Army.
Itās a community where members can share trading strategies, market insights, tips, and more.
Groups like this often make finding hidden gems much easier for beginner traders.
But Wall Street Pepe doesnāt stop at this online community.
Itāll also provide access to in-depth market analysis, trading signals, and early alerts on promising presale projects.
Thereās also a staking app for the WEPE token, offering yields of 32% per year.
And for active traders, there are even trading competitions offering WEPE rewards for those with the best strategies.
That means there are two different ways to earn WEPE in the Wall Street Pepe ecosystem.
No wonder traders are going wild for this new meme coin.
#PEPEā #WEPE #US #CryptoReboundStrategy
Elton Bos DoZg:
2025 let's go ššøš„
š„ Strategic Bitcoin Reserve: A Must for the U.S. Economy
In a thought-provoking article from Coindesk, experts highlight the vital importance of establishing a strategic Bitcoin reserve for the United States. This move is seen as crucial in the ongoing economic competition with China and other global powers.
š Why It Matters:
1ļøā£ Global Economic Competition: As nations like China explore digital currencies and diversify their reserves, having Bitcoin as part of the U.S. reserve could help maintain economic dominance.
2ļøā£ Store of Value: Bitcoinās potential as a store of value and hedge against inflation could strengthen the U.S. economy amidst growing global uncertainties.
3ļøā£ Geopolitical Leverage: A Bitcoin reserve would give the U.S. an edge in global trade negotiations and financial stability.
šļø Whatās Next:
ā¢ The U.S. needs to consider its future economic strategy in relation to Bitcoin and its growing role in the global financial system.
ā¢ Could Bitcoin become a global reserve asset? Only time will tell, but the U.S. must act strategically.
For the full article and in-depth analysis, head to Coindesk.
#BitcoinReserve #EconomicStrategy #US #Coindesk #GlobalCompetition #CryptoNews
In a thought-provoking article from Coindesk, experts highlight the vital importance of establishing a strategic Bitcoin reserve for the United States. This move is seen as crucial in the ongoing economic competition with China and other global powers.
š Why It Matters:
1ļøā£ Global Economic Competition: As nations like China explore digital currencies and diversify their reserves, having Bitcoin as part of the U.S. reserve could help maintain economic dominance.
2ļøā£ Store of Value: Bitcoinās potential as a store of value and hedge against inflation could strengthen the U.S. economy amidst growing global uncertainties.
3ļøā£ Geopolitical Leverage: A Bitcoin reserve would give the U.S. an edge in global trade negotiations and financial stability.
šļø Whatās Next:
ā¢ The U.S. needs to consider its future economic strategy in relation to Bitcoin and its growing role in the global financial system.
ā¢ Could Bitcoin become a global reserve asset? Only time will tell, but the U.S. must act strategically.
For the full article and in-depth analysis, head to Coindesk.
#BitcoinReserve #EconomicStrategy #US #Coindesk #GlobalCompetition #CryptoNews
Kryptos
--
Kryptos Launches Safe Harbor Planner to Help U.S. Crypto Investors Navigate IRS Rev Proc 24-28 Guide
GOTHENBURG, SWEDEN, December 30, 2024Ā - With overĀ 50 million U.S. crypto investorsĀ impacted by new IRS regulations,Ā KryptosĀ has launched itsĀ Safe HarborĀ Planner to simplify compliance withĀ Rev Proc 24-28. Specifically designed to help users and CPAs meet theĀ December 31Ā deadline for selecting an allocation method, the Planner also facilitates a seamless migration fromĀ Universal Cost-Basis trackingĀ toĀ Per-Wallet tracking. Kryptos is the only platform to support both Global Allocation and Specific Unit Allocation methods, offering unmatched flexibility and precision in digital asset tax reporting.
KryptosĀ is more than justĀ crypto tax software. It is a comprehensive financial hub for Web3, empowering digital asset investors, businesses, and developers with tools for real-time transaction tracking, tax automation, treasury management, and developer integrations. By addressing the diverse needs of its users,Ā KryptosĀ is redefining how the industry approaches crypto taxes, digital asset finance, and compliance.
Revenue Procedure 2024-28, introduced inĀ July 2024, requires U.S. taxpayers to transition to a detailed per-wallet or per-account tracking system byĀ January 1, 2025. This shift enhances transparency but adds complexity for digital asset investors managing diverse portfolios. InĀ December 2024, the IRS finalized broker reporting regulations underĀ Internal Revenue Code sections 6045Ā andĀ 6045A, expanding requirements to include decentralized finance (DeFi) platforms and front-end providers. Brokers are now mandated to report transactions on Form 1099-DA startingĀ January 1, 2027, with additional Know-Your-Customer (KYC) compliance requirements. These developments reflect the increasing regulatory scrutiny in the crypto space and underscore the need for solutions likeĀ Kryptos Safe Harbor PlannerĀ to reduce administrative burdens while ensuring compliance.
TheĀ Safe Harbor PlannerĀ equips users with tools to align with IRS guidelines, including migration of tax lots, automated tax lots planner, and robust support for exporting reports. This capability ensures investors, CPAs, and businesses can meet compliance requirements for crypto taxes without disrupting their broader financial strategies.
Kryptosās leadership in Web3 finance is driven by its holistic approach to digital asset management. By integrating its advanced crypto tax software with financial insights, developer tools, and enterprise-grade reporting capabilities, Kryptos bridges the gap between innovation and compliance.
Sukesh Tedla, CEOĀ ofĀ Kryptos, emphasized the platformās commitment to clarity and flexibility.Ā āThe Safe Harbor Planner provides our users the tools to meet new IRS requirements while maintaining control over their financial strategies. Kryptos is dedicated to supporting every aspect of digital asset management, going beyond tax compliance.ā
While Kryptos streamlines compliance, users are responsible for ensuring the accuracy of their filings. Maintaining detailed and accurate records is critical to meeting regulatory standards, particularly as the IRS increases oversight of digital asset transactions.
TheĀ Safe Harbor PlannerĀ is now available to U.S. crypto investors, businesses, and tax professionals, providing an essential solution for managing crypto taxes effectively.Ā KryptosĀ continues to lead as the financial hub for Web3, delivering scalable infrastructure for tomorrowās opportunities.
About Kryptos
Kryptos is pioneering the future of Web3 finance by establishing a standardized financial data protocol layer that seamlessly connects diverse blockchain platforms. As the definitive Open Banking standard for Web3, Kryptos equips developers, businesses, and end-users with the tools necessary to share and utilize data effortlessly. Supporting over 5000 platforms, including major CEXs, DeFi protocols, and blockchain networks, Kryptos enhances interoperability, compliance, and accessibility in Web3 with its APIs and products such as real-time financial analytics, compliance-ready crypto tax software, and personalized portfolio management.
For more information, visitĀ https://kryptos.io/1099-da.
#IRS
KryptosĀ is more than justĀ crypto tax software. It is a comprehensive financial hub for Web3, empowering digital asset investors, businesses, and developers with tools for real-time transaction tracking, tax automation, treasury management, and developer integrations. By addressing the diverse needs of its users,Ā KryptosĀ is redefining how the industry approaches crypto taxes, digital asset finance, and compliance.
Revenue Procedure 2024-28, introduced inĀ July 2024, requires U.S. taxpayers to transition to a detailed per-wallet or per-account tracking system byĀ January 1, 2025. This shift enhances transparency but adds complexity for digital asset investors managing diverse portfolios. InĀ December 2024, the IRS finalized broker reporting regulations underĀ Internal Revenue Code sections 6045Ā andĀ 6045A, expanding requirements to include decentralized finance (DeFi) platforms and front-end providers. Brokers are now mandated to report transactions on Form 1099-DA startingĀ January 1, 2027, with additional Know-Your-Customer (KYC) compliance requirements. These developments reflect the increasing regulatory scrutiny in the crypto space and underscore the need for solutions likeĀ Kryptos Safe Harbor PlannerĀ to reduce administrative burdens while ensuring compliance.
TheĀ Safe Harbor PlannerĀ equips users with tools to align with IRS guidelines, including migration of tax lots, automated tax lots planner, and robust support for exporting reports. This capability ensures investors, CPAs, and businesses can meet compliance requirements for crypto taxes without disrupting their broader financial strategies.
Kryptosās leadership in Web3 finance is driven by its holistic approach to digital asset management. By integrating its advanced crypto tax software with financial insights, developer tools, and enterprise-grade reporting capabilities, Kryptos bridges the gap between innovation and compliance.
Sukesh Tedla, CEOĀ ofĀ Kryptos, emphasized the platformās commitment to clarity and flexibility.Ā āThe Safe Harbor Planner provides our users the tools to meet new IRS requirements while maintaining control over their financial strategies. Kryptos is dedicated to supporting every aspect of digital asset management, going beyond tax compliance.ā
While Kryptos streamlines compliance, users are responsible for ensuring the accuracy of their filings. Maintaining detailed and accurate records is critical to meeting regulatory standards, particularly as the IRS increases oversight of digital asset transactions.
TheĀ Safe Harbor PlannerĀ is now available to U.S. crypto investors, businesses, and tax professionals, providing an essential solution for managing crypto taxes effectively.Ā KryptosĀ continues to lead as the financial hub for Web3, delivering scalable infrastructure for tomorrowās opportunities.
About Kryptos
Kryptos is pioneering the future of Web3 finance by establishing a standardized financial data protocol layer that seamlessly connects diverse blockchain platforms. As the definitive Open Banking standard for Web3, Kryptos equips developers, businesses, and end-users with the tools necessary to share and utilize data effortlessly. Supporting over 5000 platforms, including major CEXs, DeFi protocols, and blockchain networks, Kryptos enhances interoperability, compliance, and accessibility in Web3 with its APIs and products such as real-time financial analytics, compliance-ready crypto tax software, and personalized portfolio management.
For more information, visitĀ https://kryptos.io/1099-da.
#IRS
šØš³Details of China's cyberattack on U.S. Treasury
On December 30, the U.S. Treasury reported a cyberattack carried out by Chinese hackers through a vulnerability in third-party software, BeyondTrust
š The attackers gained access to a key used to secure the Treasuryās cloud service, allowing them to remotely access workstations and unclassified documents
š Although the service was shut down and there is no evidence of continued access, the incident highlighted vulnerabilities in government systems reliant on third-party vendors
#cyberattacks #US #btc2025 #china #BTCMiningPeak
On December 30, the U.S. Treasury reported a cyberattack carried out by Chinese hackers through a vulnerability in third-party software, BeyondTrust
š The attackers gained access to a key used to secure the Treasuryās cloud service, allowing them to remotely access workstations and unclassified documents
š Although the service was shut down and there is no evidence of continued access, the incident highlighted vulnerabilities in government systems reliant on third-party vendors
#cyberattacks #US #btc2025 #china #BTCMiningPeak
JimiBule:
looks like the US should spend some TIME investing into the security perspective of crypto, less time trying to dominate Decentralising and placing a target on single entity š¤
Former US President Jimmy Carter has passed away at the age of 100. His son, James E. Carter III, announced his death on December 29, 2024, at 3:45 PM EST .
Carter had been in hospice care since February 2023, following a series of health issues, including melanoma that had metastasized to his brain and liver .
As the 39th President of the United States, Carter will be remembered for his commitment to humanitarian work and his efforts to promote peace and human rights. His legacy will live on through the Carter Center, which he founded in 1982 to advance global health, democracy, and human rights.
A state funeral is expected to be held, with President Biden likely to declare a national day of mourning and order flags to be lowered to half-staff for 30 days .
#Us #Trump #Fed #CryptoRegulation2025 #CryptoRegulation2025
Carter had been in hospice care since February 2023, following a series of health issues, including melanoma that had metastasized to his brain and liver .
As the 39th President of the United States, Carter will be remembered for his commitment to humanitarian work and his efforts to promote peace and human rights. His legacy will live on through the Carter Center, which he founded in 1982 to advance global health, democracy, and human rights.
A state funeral is expected to be held, with President Biden likely to declare a national day of mourning and order flags to be lowered to half-staff for 30 days .
#Us #Trump #Fed #CryptoRegulation2025 #CryptoRegulation2025
Everythingscool:
Wasn't that guy very bellicose and imperialistic? Good thing then. Did he invade countries to guarantee "democracy" and "freedom"? Or energy security and disintegrating chaos?
ššExisting home sales in the #US are expected to close at 4.04 million units in 2024, marking the worst year since 1995.
These sales are even lower than during the 2008 Financial Crisis.
The reason for the decline in demand for existing homes is that home prices have increased more than 50% since 2020.
During the same period, home mortgage interest rates were near X3, making affordability even more difficult.
The average interest rate on the 30-year mortgage rose another 1% since September, to 7.1%, despite the Fed cutting rates by 1 basis point.
Source : X @ KobeissiLette
These sales are even lower than during the 2008 Financial Crisis.
The reason for the decline in demand for existing homes is that home prices have increased more than 50% since 2020.
During the same period, home mortgage interest rates were near X3, making affordability even more difficult.
The average interest rate on the 30-year mortgage rose another 1% since September, to 7.1%, despite the Fed cutting rates by 1 basis point.
Source : X @ KobeissiLette
The #US Spot ETF Net Inflows on December 24, 2024, are recorded at -$338.4M for #BTC and +$53.6M for
#ETH #ritchi #snowietran #bitcoin
#ETH #ritchi #snowietran #bitcoin
See original
Paolo Ardoino: āUSDT stablecoins strengthen the position of the US dollarā
In his tweet, Paolo Ardoino noted that the USDT stablecoin is an important financial instrument for residents of developing countries with unstable economies and limited access to banking services. USDT provides a stable alternative to the dollar, helping people and businesses maintain purchasing power in times of high inflation and devalued national currencies. Additionally, stablecoins can be used without involving traditional financial infrastructure, which often excludes people without bank accounts.
SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud
Al-Naji is accused of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, amassing over $257 million from investors under false pretenses.
The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo).The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo).
In a parallel action, the US Attorneyās Office for the Southern District of New York has also announced similar charges against Al-Naji.
SEC complaint
The SECās complaint, filed in the US District Court for the Southern District of New York, charges Al-Naji with violating the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
The complaint also names Al-Najiās wife, mother, and wholly-owned entities as relief defendants for the investor funds transferred to them.
The regulator alleges that beginning in November 2020, Al-Naji raised substantial funds through the sale of BitCloutās native token, BTCLT. Investors were allegedly misled to believe that the proceeds would not be used for personal gain or to compensate BitClout employees.
Contrary to these assertions, the complaint states that Al-Naji diverted more than $7 million of investor funds for personal expenditures, including the rental of a Beverly Hills mansion and substantial cash gifts to his family.
Evading scrutiny
In an attempt to evade regulatory scrutiny, Al-Naji purportedly portrayed BitClout as a decentralized project with āno company behind it ā¦ just coins and code,ā and launched the project under the pseudonym āDiamondhands.ā
This strategy was intended to create the illusion of an autonomous project when in reality, Al-Naji had direct control of the network.
Furthermore, Al-Naji allegedly secured a misleading opinion letter from a prominent law firm, based on his misrepresentations about the project, asserting that BTCLT were unlikely to be classified as securities under federal law.
Despite this, he reportedly confided in select investors that his actions were aimed at avoiding legal compliance
#us #
The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo).The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo).
In a parallel action, the US Attorneyās Office for the Southern District of New York has also announced similar charges against Al-Naji.
SEC complaint
The SECās complaint, filed in the US District Court for the Southern District of New York, charges Al-Naji with violating the registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
The complaint also names Al-Najiās wife, mother, and wholly-owned entities as relief defendants for the investor funds transferred to them.
The regulator alleges that beginning in November 2020, Al-Naji raised substantial funds through the sale of BitCloutās native token, BTCLT. Investors were allegedly misled to believe that the proceeds would not be used for personal gain or to compensate BitClout employees.
Contrary to these assertions, the complaint states that Al-Naji diverted more than $7 million of investor funds for personal expenditures, including the rental of a Beverly Hills mansion and substantial cash gifts to his family.
Evading scrutiny
In an attempt to evade regulatory scrutiny, Al-Naji purportedly portrayed BitClout as a decentralized project with āno company behind it ā¦ just coins and code,ā and launched the project under the pseudonym āDiamondhands.ā
This strategy was intended to create the illusion of an autonomous project when in reality, Al-Naji had direct control of the network.
Furthermore, Al-Naji allegedly secured a misleading opinion letter from a prominent law firm, based on his misrepresentations about the project, asserting that BTCLT were unlikely to be classified as securities under federal law.
Despite this, he reportedly confided in select investors that his actions were aimed at avoiding legal compliance
#us #
Investment in US stocks soars with Trump victory
Investors reacted enthusiastically to the election of Donald Trump as president. The US stock market attracted a massive influx of capital. US equity funds recorded record inflows. This trend drove various movements in the financial markets during the week.
Next, letās examine the impact of Trumpās election on the global economy.
An unprecedented flow of capital
On Wednesday, Trump won the election hands down.
That day, U.S. stock funds received $20 billion, according to Bank of America Corp. That was the biggest daily inflow in five months.
The bank's analysts, led by Michael Hartnett, attribute this move to the new president's policies and economic expectations. EPFR Global reports that small-cap stocks received $3.8 billion, the largest inflow since March.
Small businesses tend to benefit from protectionist policies. Their market is more local and less dependent on international trade. Trump's stance has generated expectations of a boost for these companies, especially those less exposed to international risks.
#us
Next, letās examine the impact of Trumpās election on the global economy.
An unprecedented flow of capital
On Wednesday, Trump won the election hands down.
That day, U.S. stock funds received $20 billion, according to Bank of America Corp. That was the biggest daily inflow in five months.
The bank's analysts, led by Michael Hartnett, attribute this move to the new president's policies and economic expectations. EPFR Global reports that small-cap stocks received $3.8 billion, the largest inflow since March.
Small businesses tend to benefit from protectionist policies. Their market is more local and less dependent on international trade. Trump's stance has generated expectations of a boost for these companies, especially those less exposed to international risks.
#us
šØCrypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets#Write2Earn
šCryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale Ethereum trusts, securities that provide investors exposure to cryptocurrency.
The motion filed by Genesis late on Friday seeks authority for Gemini to monetize the initial collateral of 30,905,782 shares of Grayscale Bitcoin Trust, Gemini said.
š“Redeem šBPMX505UAFšš“
Genesis has requested an expedited hearing on the motion on Feb. 8, Gemini said in a statement.
This week, Genesis settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program.
Genesis is moving ahead with a liquidation plan that aims to repay customers in cash or cryptocurrency, depending on the types of currency they had deposited in the Earn program.
The Earn program was halted during a crypto market crash in November 2023, and its failure has spurred litigation between Genesis, Gemini, and Genesis's parent company, Digital Currency Group.
#BTC #Gemini #us #NewsUpdated
šCryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale Ethereum trusts, securities that provide investors exposure to cryptocurrency.
The motion filed by Genesis late on Friday seeks authority for Gemini to monetize the initial collateral of 30,905,782 shares of Grayscale Bitcoin Trust, Gemini said.
š“Redeem šBPMX505UAFšš“
Genesis has requested an expedited hearing on the motion on Feb. 8, Gemini said in a statement.
This week, Genesis settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program.
Genesis is moving ahead with a liquidation plan that aims to repay customers in cash or cryptocurrency, depending on the types of currency they had deposited in the Earn program.
The Earn program was halted during a crypto market crash in November 2023, and its failure has spurred litigation between Genesis, Gemini, and Genesis's parent company, Digital Currency Group.
#BTC #Gemini #us #NewsUpdated
#us #unemployment rate 3.9% previous
3 8% rise not falling it may be fake pump #btc will dump suddenly so be careful
3 8% rise not falling it may be fake pump #btc will dump suddenly so be careful
Hello My Family š ...
From my experience of 5 years in #crypto i want to share something important ...
It's not important to trade every single day because you know very well over trading can cause you a big damage and can change your winning day into a loosing one ...
I Never Trade on the day when Big meetings are scheduled because mostly manipulation happens on that day when there is any big meeting , so you also avoid that ...
Secondly I also never trade on that day when #US Market is Closed , because on that day the movement in the market is very slow ...
Follow for free signals and tips š¤ššµ
$XRP $PEPE $DOGE #MicroStrategyJoinsNasdaq100
From my experience of 5 years in #crypto i want to share something important ...
It's not important to trade every single day because you know very well over trading can cause you a big damage and can change your winning day into a loosing one ...
I Never Trade on the day when Big meetings are scheduled because mostly manipulation happens on that day when there is any big meeting , so you also avoid that ...
Secondly I also never trade on that day when #US Market is Closed , because on that day the movement in the market is very slow ...
Follow for free signals and tips š¤ššµ
$XRP $PEPE $DOGE #MicroStrategyJoinsNasdaq100
#AMB
we keep on dropping signal on my trading community... don't want for review before joining us
#BTCRecoveredTo97K #btc #US
we keep on dropping signal on my trading community... don't want for review before joining us
#BTCRecoveredTo97K #btc #US
BREAKING: šŗšø President-elect #donaldtrump says, āWill be doing something great with crypto.āš¤Æ
#BTCReclaims101K #BTCNextDirection? #US #BTC
#BTCReclaims101K #BTCNextDirection? #US #BTC
if Donald Trump Loses the Election If former President Donald Trump were to lose crypto will be fail
If former President Donald Trump were to lose the upcoming election, several significant developments could shape the future of U.S. democracy:
Potential Refusal to Concede: Trump may choose not to formally concede, as seen in 2020, possibly alleging election fraud. Such a response could heighten public skepticism and deepen societal divides.
Reactions from Supporters: Strong responses, including possible protests or unrest, may emerge as Trumpās loyal base contests the results, recalling the events of January 6.
Increased Polarization: Political divisions could intensify, potentially complicating the peaceful transfer of power and challenging long-standing democratic norms.
Legal and Political Implications: Trumpās ongoing legal issues could impact his influence within the Republican Party, where he may continue to shape party strategy regardless of the election outcome.
Push for Election Reforms: Any contested results may prompt renewed calls for transparency-driven election reforms, though polarized opinions could impede progress.
If Trump contests his defeat, the aftermath could bring about public protests, deepen political divides, and test the resilience of democratic practices in the U.S.
#us #trump
Potential Refusal to Concede: Trump may choose not to formally concede, as seen in 2020, possibly alleging election fraud. Such a response could heighten public skepticism and deepen societal divides.
Reactions from Supporters: Strong responses, including possible protests or unrest, may emerge as Trumpās loyal base contests the results, recalling the events of January 6.
Increased Polarization: Political divisions could intensify, potentially complicating the peaceful transfer of power and challenging long-standing democratic norms.
Legal and Political Implications: Trumpās ongoing legal issues could impact his influence within the Republican Party, where he may continue to shape party strategy regardless of the election outcome.
Push for Election Reforms: Any contested results may prompt renewed calls for transparency-driven election reforms, though polarized opinions could impede progress.
If Trump contests his defeat, the aftermath could bring about public protests, deepen political divides, and test the resilience of democratic practices in the U.S.
#us #trump