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Bitcoin surged to $104,585, nearing a month high ahead of President-elect Donald Trump’s inauguration. The market anticipates crypto-friendly executive orders that could include a national Bitcoin reserve. Spot Bitcoin ETFs saw significant inflows this week. #Breaking #Crypto $BTC (+8) ↗
The FBI thwarted a plot to kidnap a Miami jeweler and steal $2 million in cryptocurrency, arresting four suspects after intercepting their communications and bugging the getaway vehicle. #Breaking #Legal (-9) ↘
Blockchain developer Michael Lewellen has sued the U.S. Department of Justice, claiming its broad interpretation of money-transmission laws criminalizes non-custodial crypto development. The lawsuit, filed Thursday, seeks to protect his Ethereum-based platform Pharos from prosecution. #Breaking #Legal $ETH (-9) ↘
Scott Bessent, nominated by President-elect Donald Trump as Treasury Secretary, dismissed the need for a U.S. central bank digital currency (CBDC) during his Senate confirmation hearing, aligning with Trump’s anti-CBDC stance and broader Republican opposition. #Update #Crypto (-3) ↘
Maserati unveils its AI-driven MC20 supercar at CES 2025, showcasing cutting-edge technology and high-speed performance in the Indy Autonomous Challenge, highlighting a trend towards electrification in the $19.4 billion supercar market. #Update #Automotive (+6) ↗
Exploring @RedNote, China’s TikTok alternative, reveals a surge of fake profiles using Nigerian IPs to scam new users amid a US TikTok ban. The app’s popularity is rising despite these challenges, topping app store charts recently. #Update #SocialMedia (-3) ↘
$XRP surged 45% this week, nearing its all-time high at $3.38 before retreating to $3.30, amid optimism over potential XRP ETF approvals under President Trump’s administration and ongoing SEC legal battles against Ripple. #Update #Crypto $XRP (+6) ↗
Plans for a 17-storey “Crypto Tower” in Dubai, featuring blockchain-managed tenancies and AI partnerships, have been unveiled by DMCC and REIT Development. The tower aims to attract blockchain firms and host conferences by 2027. #Update #Crypto (+3) ↗
@Huione’s app has been removed from Google Play amid money laundering allegations, as reported by Elliptic. The platform, linked to cyber scams, saw transactions swell to $24 billion following the launch of its USDH stablecoin. #Breaking #Legal $USDH (-9) ↘
Donald Trump is set to return to office, sparking a surge in Solana meme coins like $ROSS and $FREEROSS, as crypto betters speculate on potential pardons, including Ross Ulbricht. #Update #Crypto $ROSS (+4) ↗
The price of $LTC surged 15.1% to $117 as @CanaryFunds filed an amended S-1 for a Litecoin ETF, signaling potential SEC engagement. Analysts highlight increased whale activity and regulatory optimism. #Update #Crypto $LTC (+6) ↗
Tokenization of real-world assets is surging, with projections reaching $50 billion this year. @BlackRock and other major institutions are driving adoption, transforming finance by making traditionally illiquid assets like real estate and treasuries liquid on the blockchain. #Update #Crypto (+6) ↗
A US law firm, Burwick Law, plans legal action against Solana-based meme coin launchpad @PumpFun due to alleged harmful promotional activities affecting investors. The firm cites significant financial losses and questionable platform practices. #Breaking #Legal #Crypto (-8) ↘
@HashKeyGroup’s survey predicts $BTC could exceed $300,000 in 2025, driven by institutional capital and mainstream adoption. The report highlights Wall Street’s deepening crypto involvement and forecasts Ethereum reaching $8,000. #Update #Crypto $BTC (+6) ↗
