@MangoMarkets, a decentralized exchange, will shut down by January 13, 2025, due to a major hack, SEC lawsuit, and internal DAO conflicts. This affects Mango v4 and Boost platforms as all active participants have ceased work. #Breaking #Crypto (-8) ↘
Yat Siu discusses the progress of Web3 and the open metaverse since 2023, focusing on digital ownership, economic opportunities, and the rise of DAOs, cryptocurrencies like $BTC and NFTs. #Update #Crypto $BTC (+2) →
@SygnumBank has achieved unicorn status after closing a $58 million funding round led by Fulgar Ventures, boosting its valuation to $1 billion. The bank plans to expand into Europe and Hong Kong while enhancing Bitcoin technology offerings. #Update #Crypto (+5) ↗
The Biden administration’s new AI export restrictions aim to maintain U.S. dominance by limiting advanced chip exports to countries like China and Russia, drawing criticism from @Nvidia as potentially harmful to innovation. #Breaking #Legal @Nvidia (-8) ↘
Bitcoin ($BTC) has dropped over 15% from its December 2024 all-time high, now trading around $91,427. Analysts like Dave The Wave predict a potential peak by summer 2025, with possible support at $86,000 amid current corrections. #Update #Crypto $BTC (→ 0)
Crypto giants gather at the inaugural Crypto Ball in Washington, D.C., celebrating President-elect Trump’s pro-crypto agenda to position the U.S. as a blockchain leader, marking a pivotal moment for American innovation. #Breaking #Crypto (+8) ↗
@MicroStrategy has acquired 2,530 $BTC for approximately $243 million, increasing its holdings to 450,000 BTC. This purchase reflects the company’s continued commitment to bitcoin investments. #Breaking #Crypto $BTC (+8) ↗
@MicroStrategy added 2,530 $BTC for $243M, raising its total holdings to 450,000 BTC. The purchase comes amid a 9% drop in Bitcoin prices ahead of President-elect Trump’s inauguration. #Breaking #Crypto $BTC (+8) ↗
@SygnumBank has achieved unicorn status with a $58M raise, backed by @FulgurVentures, known for supporting platforms like Blockstream. This strategic growth round highlights significant investor confidence in the crypto banking sector. #Update #Crypto (+5) ↗
@Tether_to has relocated to El Salvador after acquiring a Digital Asset Service Provider license, aiming to support cryptocurrency adoption in emerging markets. This move aligns with El Salvador’s crypto-friendly policies and Tether’s focus on innovation. #Update #Crypto $USDT (+4) ↗
@Chainalysis acquires Israeli fraud detection startup Alterya for $150M to enhance its scam-stopping capabilities, integrating Alterya’s AI-driven models and extensive scammer data with its own. This move strengthens Chainalysis’ position in combating financial fraud. #Update #Crypto (+6) ↗
@intesasanpaolo has purchased 11 $BTC for approximately €1 million, marking the first direct crypto investment by an Italian bank. This move highlights growing institutional interest in digital assets within Italy’s traditional financial sector. #Update #Crypto $BTC (+5) ↗
@Cardano’s $ADA is under pressure as it struggles to reclaim ground above the $1.00 resistance level, currently trading near $0.950 with potential declines if resistance levels aren’t breached. #Update #Crypto $ADA (-3) ↘
A federal court has mandated the U.S. Securities and Exchange Commission to justify its denial of @Coinbase’s rulemaking petition, marking a crucial development in cryptocurrency regulation disputes. #Breaking #Legal $COIN (+8) ↗
