Crypto News Digest - Quick-read versions of cryptocurrency updates
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Ripple’s $XRP soared near its all-time high, driven by ETF optimism and meme coin activity, while the SEC continues its legal battle against Ripple. XRP now ranks as the third-largest cryptocurrency by market cap. #Update #Crypto $XRP (+7) ↗
Donald Trump’s official meme coin, $TRUMP, surged to $73 before settling at $59 after listings by @Binance and @Coinbase, making it the third-largest meme coin by market cap. Solana’s $SOL also hit a new high of $269. #Update #Crypto $TRUMP (+7) ↗
@Wintermute predicts a meme coin ETF launch in 2025, with $DOGE as the leading candidate. Despite no filings yet, interest in meme coins surged, driving Wintermute’s OTC market share growth. $DOGE and Shiba Inu dominate volumes. #Update #Crypto $DOGE (+3) ↗
@PumpdotFun faces a class action lawsuit in New York for allegedly selling unregistered securities via its meme coin $PNUT. The suit highlights the platform’s controversial content and lack of investor protections, seeking accountability from its founders. #Breaking #Legal $PNUT (-9) ↘
@WazirX has frozen $3 million in $USDT linked to last year’s $230 million hack, marking a significant step in its recovery efforts amid ongoing restructuring and legal proceedings. The breach is attributed to North Korea’s Lazarus Group. #Breaking #Crypto $USDT (-9) ↘
A charity NFT project by @mmERCH features digital art from notable Web3 artists like CryptoPunks creator Larva Labs, with proceeds aiding Baby2Baby’s relief efforts for Los Angeles wildfire victims. Minting is open until January 19 for 0.0069 $ETH. #Update #Crypto $ETH (+3) ↗
@Google and Sakana AI have unveiled new neural network designs, “Titans” and “Transformer Squared,” which promise to revolutionize AI by enhancing adaptability without increasing size or cost. These advancements could challenge the dominance of transformer models. #Update #AI (+7) ↗
The price of $SOL surged to a new all-time high, driven by demand for Donald Trump’s meme coin, with trading volumes surpassing $12.4 billion and outpacing Dogecoin’s $6.5 billion. #Update #Crypto $SOL (+7) ↗
@RumbleKongs shifts its mobile basketball game from Avalanche to Ethereum sidechain Ronin, leveraging Ronin’s 17.2 million wallet downloads and 18.9 million RON token holders for enhanced scalability and rewards. #Update #Crypto $RON (+4) ↗
Bitcoin surged past $105,000 as Donald Trump prepares for his second inauguration, buoyed by potential Fed rate cuts and crypto-friendly policies. ETF inflows hit $755M Wednesday, while mining difficulty reached new highs. Coinbase reintroduces Bitcoin-backed loans via Morpho. #Update #Crypto $BTC (+7) ↗
Dogecoin ($DOGE) surged 27% in a week, hitting $0.418 as open interest reached a record $5.5 billion amid renewed attention from Elon Musk and political developments involving Donald Trump. #Update #Crypto $DOGE (+7) ↗
Donald Trump’s inauguration is expected to have minimal impact on major cryptocurrencies like $BTC, with analysts predicting a “sell-the-news” event due to already priced-in market expectations. #Update #Crypto $BTC (→ 0)
Bitcoin’s price surpasses $100,000 amid speculation of a supercycle, fueled by government and corporate interest in stockpiling the cryptocurrency. This trend could reshape economies like El Salvador and influence U.S. policy under President Trump. #Update #Crypto $BTC (+5) ↗
David Lynch, famed for his surreal films, ventured into NFTs with @Interpol in 2021, creating audiovisual collectibles on Ethereum. One NFT sold for over $82,000 shortly after launch. Lynch’s exploration of new media was a hallmark of his career. #Update #Crypto $ETH (+3) ↗