Bitcoin Dominates 2024: Ethereum Drops, XRP Rises
Bitcoin’s dominance surged to 56.8% of the $3.29T crypto market, overshadowing $ETH as @Bitcoin continues its 2024 ascent from 50.3% of a $1.65T market. #Update #Crypto @Bitcoin ↗ (+6)
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Solana Co-Founder Faces Fraud Lawsuit
Stephen Akridge, co-founder of @Solana, is sued by ex-wife Elisa Rossi for allegedly misappropriating millions in $SOL profits by exploiting crypto knowledge to collect her staking rewards; lawsuit filed in San Francisco Superior Court. #Breaking #Legal @Solana ↘ (-7)
CBDC Concerns: Congresswoman Opposes Cash Ban
Brazilian Congresswoman Julia Zanatta warns that @DrexCBDC could eliminate physical cash, proposing a ballot for its implementation, highlighting potential risks to citizens’ financial freedom. #Breaking #Legal @DrexCBDC ↘ (-7)
Bitcoin Bears Pressure $93000 Support
Bitcoin ($BTC) fell to $94,504 with a market cap of $1.87 trillion, trading $53 billion in 24 hours amid sell-offs, testing $93,000 support. #Update #Crypto @Bitcoin ↘ (-3)
Solana Memecoin Funds Rare Tumor Research
A distraught father received a multimillion-dollar memecoin gift on Christmas to fund clinical trials for his daughter’s rare brain tumor research, initiated by @SiqiChen of @Runway. #Update #Crypto @SiqiChen ↗ (+6)
IRS Enforces Immediate Staking Rewards Tax
The U.S. Internal Revenue Service (IRS) reaffirms its 2023 position that staking rewards are immediately taxable, arguing in a recent lawsuit filing that they do not create new property. #Update #Legal @IRSnews → (0)
Bitcoin Giants: Top 60 Companies Revealed
@Microstrategy leads with 444,262 $BTC as top 60 public companies amass 591,368 BTC, revealed by Michael Saylor on X. #Update #Crypto @Microstrategy ↗ (+7)
Crypto Surge Bitget Uniswap FTX Lead
@Bitget, @Uniswap, and @FTX soar as top crypto gainers, with $BIT, $UNI, and $FTT leading the charge; potential for best wallet token to pump next amid market volatility. #Update #Crypto @Bitget ↗ (+6)
Bitcoin: Essential Asset for Public Companies
Eric Semler, chairman of @SemlerScientific, predicts more companies will adopt the bitcoin standard, calling non-ownership “irresponsible,” attributing slow adoption to conservative institutional approaches. #Update #Crypto @SemlerScientific ↗ (+3)
Bitcoin $150K 2025 Polymarket Bettors Divided
According to @Polymarket, bettors show 30% confidence in $BTC reaching $100,000 by year-end, but 21% believe it could hit $150,000 by March 2025, highlighting mixed sentiment on Bitcoin’s future. #Update #Crypto @Polymarket ↗ (+3)
Metamask Enhances DeFi with Gas Station
@MetaMask has launched its Gas Station feature to ease Ethereum transaction fees, integrating gas-included quotes into Smart Transactions with Swaps, enhancing user experience. #Update #Crypto @MetaMask ↗ (+4)
Crypto Shakeup Biden’s Rule Revolutionizes Industry
Biden’s New Crypto Rule Shakes Entire Industry – Full IRS Oversight Incoming: The U.S. Department of the Treasury and IRS mandate crypto platforms to report all transactions, sparking industry backlash and potential legal challenges. #Breaking #Legal @USTreasury ↘ (-7)
XRP Surges: $123 Billion Cap Threatened
XRP’s price is at $2.14, down 1.1% in 24 hours, with a $123 billion market cap and $5 billion trade volume, ranking fourth behind tether. #Update #Crypto @Ripple → (0)
Bitcoin Boosts KULR Stock to High
@KULRTech has acquired 217.18 $BTC for $21M, marking its first Bitcoin purchase as part of a strategic shift to use the cryptocurrency as a reserve asset, boosting its stock to an all-time high. #Breaking #Crypto @KULRTech ↗ (+8)