@Thorchain halted redemptions on its defi products amid insolvency rumors, but core developers assure normal operations for other network aspects. Node operators voted for the suspension, impacting $RUNE. #Update #Crypto $RUNE (-7) ↘
Bloomberg Intelligence’s Mike McGlone warns gold’s strong 2024 performance could signal bearish trends for $BTC and risk assets, highlighting investor preference for safe havens amid macroeconomic concerns. Bitcoin must maintain above $100,000 to sustain its uptrend. #Update #Crypto $BTC (-3) ↘
@VentureMiner’s AI2Web3 Bootcamp in NYC highlighted the ease of building with AI and Web3, featuring tools like @Coinbase’s AgentKit for creating crypto-enabled AI agents. Participants developed innovative prototypes, showcasing the potential of these technologies. #Update #Tech (+4) ↗
@THORChain paused its savers and lending programs, freezing $98 million in crypto assets amid a $200 million insolvency. The move aims to prevent a financial collapse, with the community having 90 days for restructuring. #Breaking #Crypto $RUNE (-9) ↘
@CoinShares seeks approval for spot $LTC and $XRP ETFs, marking a significant move in the evolving crypto market landscape. This development underscores the growing institutional interest in cryptocurrencies and their potential mainstream acceptance. #Update #ETF $LTC (+5) ↗
The “America First” policies of the Trump administration could weaken African currencies like the Nigerian naira, increasing debt servicing costs significantly. #Breaking #Economy #Naira (-8) ↘
The U.S. House questions crypto executives about alleged debanking practices, while @a16z closes its UK office amid regulatory challenges. This highlights ongoing scrutiny in the crypto sector and operational shifts by major players. #Update #Legal (+3) →
The co-founders of @Glassnode say altcoin season may start if $BTC dominance falls and its price stabilizes above $100,000, but current dominance and price levels delay this. Bitcoin trades at $106,419. #Update #Crypto $BTC (+3) ↗
@Grayscale and @CoinShares have applied for ETFs including $LTC, $SOL, and $XRP, potentially expanding regulated investment options for crypto assets under a pro-crypto SEC. #Update #ETF $LTC (+5) ↗
Crypto analyst Javon Marks predicts $XRP could rally to $10 following a crucial breakout, supported by bullish technical analysis and recent chart patterns. Other analysts highlight key resistance levels and potential breakout scenarios. #Update #Crypto $XRP (+4) ↗
Vitalik Buterin discusses scaling challenges for Ethereum’s L1 and L2, highlighting the need for ecosystem uniformity and improved interoperability. Current L2 solutions enhance transaction capacity and reduce fees, with upcoming upgrades promising up to 926 TPS. #Update #Crypto $ETH (+4) ↗
The launch of the TRUMP coin on @Solana has driven stablecoin supply to $10.5 billion, with $USDC and $USDT leading the surge. Trading volumes on Solana-based DEXs hit record highs, reflecting increased network activity. #Update #Crypto $SOL (+7) ↗
Senator Elizabeth Warren criticized Elon Musk’s Department of Government Efficiency (DOGE) as a “venue for corruption,” urging reforms to save $2 trillion without cutting essential programs. DOGE, led by Musk, aims to reduce bureaucracy and spending. #Update #Legal $DOGE (-4) ↘
Ethereum is demonstrating steady growth with a 6% rise, driven by a US executive order on digital assets. @CryptoQuant analyst ShayanBTC notes rising open interest in $ETH futures, while Darkfost highlights bearish trends on Binance. #Update #Crypto $ETH (+3) ↗
