Crypto Prices: BTC Hits $94K
Bitcoin ($BTC) fell below $94K amid mixed crypto trends; Virtual Protocol surged 35%, Zcash ($ZEC) rose 20%, while IRS confirmed crypto staking rewards are taxable. #Update #Crypto @MicroStrategy ↗ (+4)
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Ethereum Surge Justin Sun Denies Selloff
Justin Sun denies selling Ethereum as on-chain data shows significant deposits to @HTX_Official; $ETH price rebounds 2% above $3,400, eyeing $4,000 rally. #Update #Crypto @justinsuntron ↗ (+3)
Bitcoin Adoption Race Among Magnificent 7
@Kalshi data shows 77% odds of a @Magnificent7 firm adopting $BTC by 2025, driven by @Michael_Saylor’s advocacy and speculation on corporate adoption. #Update #Crypto @Kalshi ↗ (+6)
Binance Seeks Dismissal of SEC Lawsuit
@Binance and founder Changpeng “CZ” Zhao request dismissal of US Securities and Exchange Commission lawsuit, citing failure to meet Howey test and lack of investor harm evidence. $BNB price rises 2% to $685.20. #Update #Legal @Binance ↗ (+3)
Crypto Staking Rewards Now Taxable IRS
The Internal Revenue Service (IRS) clarifies that cryptocurrency staking rewards are taxable upon receipt, citing Revenue Ruling 2023-14, amid a legal challenge by Joshua Jarrett. #Breaking #Legal @IRSnews ↘ (-6)
XRP Price Surge: Ripple 60 Percent
Ripple’s $XRP shows resilience amid market pullback, trading in a bull-flag pattern with potential breakout to $3.5, driven by whale activity and speculation of an XRP ETF launch. #Update #Crypto @Ripple ↗ (+6)
Binance Unveils HIVE Futures Trading
@Binance announced HIVE perpetual contract with up to 75x leverage, causing $HIVE to surge 11%; added BIO Protocol to Launchpad, enhancing DeSci liquidity with farming from Dec 24-Jan 2. #Update #Crypto @Binance ↗ (+6)
Crypto Bull Run Continues Analyst Reveals
Bitcoin analyst Lark Davis asserts the crypto bull run is ongoing, with $BTC poised for new highs beyond $100,000, despite recent dips. Indicators like RSI and NUPL suggest strong market momentum. #Update #Crypto @TheCryptoLark ↗ (+6)
Bitcoin Surge: Metaplanet Increases Holdings 56%
@Metaplanet acquired 617 $BTC, increasing holdings by 56% to 1,762 BTC amid a price dip to $95,000, yielding 309% in Q4. #Breaking #Crypto @Metaplanet ↗ (+8)
Ethereum Plummets Justin Sun Sells 50 Percent
Tron founder @justinsuntron sold 50% of his $ETH holdings, totaling $143M, causing a 17% price drop after rejection at $4,000, with potential dip below $3,000. #Update #Crypto @justinsuntron ↘ (-4)
Animoca Plans Boost MOCA Coin 15%
Animoca Brands founder Yat Siu announces a two-stage MOCA token giveaway, sparking a 15% price surge amid Christmas celebrations, as the network gains traction with its latest upgrade. #Update #Crypto @AnimocaBrands ↗ (+6)
Bitcoin Stability Secures MicroStrategy Debt
MicroStrategy’s Bitcoin strategy is deemed secure by Anthony Scaramucci, as only a prolonged Bitcoin crash would destabilize the company; MicroStrategy holds $46.02B in Bitcoin. #Update #Crypto @MicroStrategy → (0)
ENA Price Soars Despite Hayes Sale
@ethena_labs’ $ENA price rose to $1.08 despite Arthur Hayes selling 7M ENA ($8.44M) on Binance, maintaining market momentum and partnerships with @WLFI and BlackRock. #Update #Crypto @ethena_labs ↗ (+7)
Bitcoin Reserve Reducing US Debt Feasibility
Amid talks of a strategic Bitcoin reserve under Donald Trump’s administration, experts evaluate its feasibility to reduce the $36 trillion US national debt, with Wyoming Senator Cynthia Lummis proposing a 20-year BTC holding plan. #Update #Crypto @CryptoQuant ↗ (+6)