The SEC now has a pro-crypto Chairman, but the legal battle against Ripple remains ongoing. TL;DR The SEC doubled down on its appeal against the 2023 ruling favoring Ripple, while the non-profit organization Better Markets sided with the regulator, arguing that XRP is a security. With pro-crypto Mark Uyeda replacing...
Will Trump Pardon Sam Bankman-Fried? Parents Make a Direct Appeal (Report)
Joseph Bankman and Barbara Fried are exploring options to secure their son's release but have not confirmed direct outreach to the White House. The parents of the disgraced FTX co-founder Sam Bankman-Fried are looking into options to obtain a pardon for their son from former US President Donald Trump, according...
Grayscale Announces Bitcoin Mining Industry ETF (MNRS)
Crypto asset manager Grayscale has launched its latest exchange-traded fund with a focus on Bitcoin mining companies. On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS...
Pump.fun Faces Class Action Over Alleged Securities Law Breaches
Plaintiff Diego Aguilar alleges financial losses from meme coins FWOG, FRED, and GRIFFAIN, promoted with promises of exponential returns. Solana-based meme coin creation platform Pump.fun has been hit with a proposed class-action lawsuit accusing it of violating U.S. securities laws. The suit, filed on January 30, alleges that every token...
Czech Point: Prague Central Bank Wants Bitcoin, Lummis Freaks Out
Czech National Bank (CNB) governor Aleš Michl told FT, "For the diversification of our assets, bitcoin seems good." The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times...
Elon Musk’s Father Plans $200M Raise with MUSKIT Meme Coin as Solaxy Nears $17M in Presale
Crypto investors can’t get enough of celebrity-backed tokens. Errol Musk, father of Elon, is the latest to get involved in this trend. He plans to raise $200 million with the MUSKIT meme coin – and the coin’s price has already reacted positively. This news comes as the new meme project...
Pepe Posts 9% Gain as MIND of Pepe Presale Nears $5M
The meme coin market is coming back to life. Pepe (PEPE), everyone’s favorite frog coin, has seen a 9% surge in the past 24 hours. Capitalizing on this “Pepe-mania” is the new MIND of Pepe (MIND) project – an AI agent that’s raised nearly $5 million in presale funding. PEPE...
Kraken Relaunches Crypto Staking in the US, Expanding Access to 37 States
Kraken's staking relaunch currently supports 17 crypto assets and plans to expand access as regulations permit more states to participate. Kraken is bringing back crypto staking to the United States with a new product available in 37 states and two territories. Starting January 30th, eligible users can stake select cryptocurrencies...
How Will Markets React as $10B in Crypto Options Expire Today?
Friday is here again, and it is the end of the month, which means a bumper Bitcoin options expiry event. Around 80,000 Bitcoin options contracts will expire on Friday, Jan. 30, and they have a notional value of roughly $8.36 billion. This week’s expiry event is a large one because...
How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment
42.26 million wallets held less than 0.01 BTC as of today. As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of...
