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🚀 #TRUMPOnBinance A Game-Changer for Crypto?
Donald Trump has officially entered the crypto world with his own meme coin, $TRUMP! Backed by Binance and tied to his pro-crypto agenda, the coin is making waves, hitting billions in valuation just hours after launch.
With Trump’s plans to prioritize crypto on a national level post-inauguration, could this spark a new bull run? 🐂💸
👉 What do you think—smart move or market hype? Share your thoughts below! 💬👇
#CryptoNewsCommunity #TrumpCoin2025 #CryptoInvestors
Like and Follow for more. 1K Followers Target👍👊
Donald Trump has officially entered the crypto world with his own meme coin, $TRUMP! Backed by Binance and tied to his pro-crypto agenda, the coin is making waves, hitting billions in valuation just hours after launch.
With Trump’s plans to prioritize crypto on a national level post-inauguration, could this spark a new bull run? 🐂💸
👉 What do you think—smart move or market hype? Share your thoughts below! 💬👇
#CryptoNewsCommunity #TrumpCoin2025 #CryptoInvestors
Like and Follow for more. 1K Followers Target👍👊
"XRP ETFs Incoming? ProShares Files Major Proposal Amid Gensler’s Exit"
Asset manager ProShares submits filings for new #XRP ETF products, including leveraged, inverse, and futures ETFs as the community anticipates regulatory shifts.
Read more on: https://thecryptobasic.com/2025/01/18/proshares-files-for-new-xrp-etf-products-as-gensler-prepares-to-leave-office/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2025/01/18/proshares-files-for-new-xrp-etf-products-as-gensler-prepares-to-leave-office/
#CryptoNewsCommunity
Global Expansion
AirDAO is looking beyond its current markets, planning a global expansion strategy for 2025. This involves tailoring services to meet regional regulatory requirements and cultural preferences, aiming to make AirDAO a global name in blockchain.
The strategy includes local partnerships and language support, ensuring that AirDAO resonates with users worldwide, not just in tech-savvy regions, thereby broadening its impact and user base.
If you know AirDAO is yet to reach your region or country, this might be an opportunity for you. Maybe your great values might be rewarded with an ambassadorial role eventually.
Remember to always Do Your Own Research and keep showing up!
#amb #airdao #CryptoNewsCommunity
AirDAO is looking beyond its current markets, planning a global expansion strategy for 2025. This involves tailoring services to meet regional regulatory requirements and cultural preferences, aiming to make AirDAO a global name in blockchain.
The strategy includes local partnerships and language support, ensuring that AirDAO resonates with users worldwide, not just in tech-savvy regions, thereby broadening its impact and user base.
If you know AirDAO is yet to reach your region or country, this might be an opportunity for you. Maybe your great values might be rewarded with an ambassadorial role eventually.
Remember to always Do Your Own Research and keep showing up!
#amb #airdao #CryptoNewsCommunity
President-elect Donald Trump is preparing to issue an executive order that will prioritize cryptocurrency as a national policy priority.
Set to be unveiled after his inauguration on January 20, the order will establish crypto as a strategic sector for the U.S. government. This move is expected to open doors for industry insiders to play a more significant role in shaping policy.
According to a Bloomberg report citing sources familiar with the plans, the order will also include the creation of a crypto advisory council to advocate for the sector’s interests within the administration.
Breaking Away from Biden’s Crypto Scrutiny
This executive order represents a transition from the Biden administration’s approach to cryptocurrency. Over the past few years, the sector has faced significant regulatory challenges.
However, the scrutiny gained momentum following high-profile cases such as the collapse of the FTX exchange. The Securities and Exchange Commission has filed more than 100 enforcement actions against crypto companies. Meanwhile, banking regulators have made it increasingly difficult for crypto firms to operate within traditional financial systems.
However, the Trump administration’s executive order could change the landscape by pausing ongoing litigation involving major players like Binance and Ripple Labs. Per the Bloomberg report, this shift aims to create a more favorable environment for crypto companies to thrive in the U.S. market.
#CryptoNewsCommunity
Set to be unveiled after his inauguration on January 20, the order will establish crypto as a strategic sector for the U.S. government. This move is expected to open doors for industry insiders to play a more significant role in shaping policy.
According to a Bloomberg report citing sources familiar with the plans, the order will also include the creation of a crypto advisory council to advocate for the sector’s interests within the administration.
Breaking Away from Biden’s Crypto Scrutiny
This executive order represents a transition from the Biden administration’s approach to cryptocurrency. Over the past few years, the sector has faced significant regulatory challenges.
However, the scrutiny gained momentum following high-profile cases such as the collapse of the FTX exchange. The Securities and Exchange Commission has filed more than 100 enforcement actions against crypto companies. Meanwhile, banking regulators have made it increasingly difficult for crypto firms to operate within traditional financial systems.
However, the Trump administration’s executive order could change the landscape by pausing ongoing litigation involving major players like Binance and Ripple Labs. Per the Bloomberg report, this shift aims to create a more favorable environment for crypto companies to thrive in the U.S. market.
#CryptoNewsCommunity
#Ripple CTO David Schwartz responds as the Ripple stablecoin RLUSD spikes 6% on the back of the recent XRP price rally.
Ripple’s stablecoin, RLUSD, recently experienced a notable price surge, temporarily climbing to $1.04, then further to $1.06, before settling at $1.02. The fluctuation coincided with XRP’s strong performance, as the cryptocurrency surged past $3, gaining 31% over five days.
Ripple CTO Responds to RLUSD Price Spike
Notably, this behavior was observed on XPMarket, a platform that tracks data on the XRP Ledger (XRPL), with its CEO Artur Kirjakulov spotlighting it on X. In response, Ripple CTO David Schwartz addressed the anomaly, attributing it to thin market dynamics on decentralized exchanges (DEXs).
Schwartz explained that the rise in XRP’s price could temporarily pull RLUSD’s value higher in illiquid markets. He emphasized that such fluctuations occur when XRP’s value adjusts faster than offers on the RLUSD/XRP trading pairs can stabilize.
Notably, such a mismatch leads to short-term deviations until the market realigns. The Ripple CTO also noted that the reverse could happen if XRP’s price drops, potentially dragging RLUSD down momentarily.
#CryptoNewsCommunity
Ripple’s stablecoin, RLUSD, recently experienced a notable price surge, temporarily climbing to $1.04, then further to $1.06, before settling at $1.02. The fluctuation coincided with XRP’s strong performance, as the cryptocurrency surged past $3, gaining 31% over five days.
Ripple CTO Responds to RLUSD Price Spike
Notably, this behavior was observed on XPMarket, a platform that tracks data on the XRP Ledger (XRPL), with its CEO Artur Kirjakulov spotlighting it on X. In response, Ripple CTO David Schwartz addressed the anomaly, attributing it to thin market dynamics on decentralized exchanges (DEXs).
Schwartz explained that the rise in XRP’s price could temporarily pull RLUSD’s value higher in illiquid markets. He emphasized that such fluctuations occur when XRP’s value adjusts faster than offers on the RLUSD/XRP trading pairs can stabilize.
Notably, such a mismatch leads to short-term deviations until the market realigns. The Ripple CTO also noted that the reverse could happen if XRP’s price drops, potentially dragging RLUSD down momentarily.
#CryptoNewsCommunity
牛市看空不做空:
This is also a stable currency, how funny 😂
XRP Meme Coins: Why They Are Key to Maximizing Returns
Meme Coins on the XRP Ledger Gain Attention
XRP is experiencing impressive price performance, recently surpassing the $3 mark for the first time since 2018. This milestone has drawn the attention of the broader crypto community. At the same time, a quieter but promising trend is emerging within the XRP ecosystem – meme coins on the XRP Ledger (XRPL).
The Rise of Meme Coins on XRPL
The XRPL meme coin market came into the spotlight with the launch of Memepad, a token issuance platform by Magnetic X, in October 2024. The popularity of meme coins skyrocketed with the debut of First Ledger, another token launch platform that set a record for daily token launches on XRPL.
Commentator Polly, a prominent trader, highlighted the potential of XRPL meme coins, stating that investors who overlook them are not truly “locked in.” This term in the community refers to being fully focused on the best investment opportunities.
Top XRP Meme Coins According to Experts
Crypto Bitlord, another notable community figure, identified several standout meme coins, including ARMY, JELLY, RipTard, PHINX, and PONGO.
He described these coins as a mix of "blue-chip" investments and speculative tokens.However, he also cautioned against risks such as team-driven sell-offs and fraudulent projects.
Another investor, Juke, spotlighted the RIBBLE token, whose market cap rose from $250,000 to $800,000. Juke noted that frog-themed tokens have historically performed well, suggesting that RIBBLE could lead the next wave of market volume peaks.
Caution Is Advised
Edoardo Farina, founder of Alpha Lions Academy, warned about the high risks associated with new meme coins.
He noted that some tokens can lose up to 90% of their value within minutes.Farina recommended focusing on established tokens like DROP, PHINX, ARMY, BERT, and SIGMA.
Top Meme Coins on XRPL by Data
Data from First Ledger revealed some of the most successful meme coins:
ARMY: The largest meme coin on XRPL, with a market cap of $85.5 million, 11,657 holders, and a trading volume of 47.9 million XRP.PHINX: The second-largest token, valued at $39.3 million, with 13,914 holders and a trading volume of 40.2 million XRP.LIHUA: Market cap of $23.5 million.SLT: Market cap of $20.9 million.DROP: Market cap of $15.6 million.
Conclusion
Meme coins on the XRP Ledger represent a unique investment opportunity that combines significant return potential with notable risks. Experienced voices in the community urge caution but also encourage seizing this emerging market. If the current trend continues, XRPL meme coins could play a pivotal role in the growth of the cryptocurrency ecosystem in the near future.
#xrp , #CryptoNewsCommunity , #MEME , #MemeCommunity , #memecoins
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
XRP is experiencing impressive price performance, recently surpassing the $3 mark for the first time since 2018. This milestone has drawn the attention of the broader crypto community. At the same time, a quieter but promising trend is emerging within the XRP ecosystem – meme coins on the XRP Ledger (XRPL).
The Rise of Meme Coins on XRPL
The XRPL meme coin market came into the spotlight with the launch of Memepad, a token issuance platform by Magnetic X, in October 2024. The popularity of meme coins skyrocketed with the debut of First Ledger, another token launch platform that set a record for daily token launches on XRPL.
Commentator Polly, a prominent trader, highlighted the potential of XRPL meme coins, stating that investors who overlook them are not truly “locked in.” This term in the community refers to being fully focused on the best investment opportunities.
Top XRP Meme Coins According to Experts
Crypto Bitlord, another notable community figure, identified several standout meme coins, including ARMY, JELLY, RipTard, PHINX, and PONGO.
He described these coins as a mix of "blue-chip" investments and speculative tokens.However, he also cautioned against risks such as team-driven sell-offs and fraudulent projects.
Another investor, Juke, spotlighted the RIBBLE token, whose market cap rose from $250,000 to $800,000. Juke noted that frog-themed tokens have historically performed well, suggesting that RIBBLE could lead the next wave of market volume peaks.
Caution Is Advised
Edoardo Farina, founder of Alpha Lions Academy, warned about the high risks associated with new meme coins.
He noted that some tokens can lose up to 90% of their value within minutes.Farina recommended focusing on established tokens like DROP, PHINX, ARMY, BERT, and SIGMA.
Top Meme Coins on XRPL by Data
Data from First Ledger revealed some of the most successful meme coins:
ARMY: The largest meme coin on XRPL, with a market cap of $85.5 million, 11,657 holders, and a trading volume of 47.9 million XRP.PHINX: The second-largest token, valued at $39.3 million, with 13,914 holders and a trading volume of 40.2 million XRP.LIHUA: Market cap of $23.5 million.SLT: Market cap of $20.9 million.DROP: Market cap of $15.6 million.
Conclusion
Meme coins on the XRP Ledger represent a unique investment opportunity that combines significant return potential with notable risks. Experienced voices in the community urge caution but also encourage seizing this emerging market. If the current trend continues, XRPL meme coins could play a pivotal role in the growth of the cryptocurrency ecosystem in the near future.
#xrp , #CryptoNewsCommunity , #MEME , #MemeCommunity , #memecoins
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Massive Liquidation Alert: $HOT at $0.00241!
The market just witnessed a $2.981K short liquidation at the $0.00241 level, signaling a major shakeup in $HOT ’s trading dynamics. Liquidations like this hint at a sudden price movement, as over-leveraged positions are wiped out in the blink of an eye.
This event could attract bulls, aiming to capitalize on fresh momentum, or bears, hunting for a quick reversal.
Key Details:
Asset: Holo (HOT)
Liquidation Amount: $2,981
Liquidation Type: Short positions
Trigger Price: $0.00241
What’s Next?
This liquidation highlights a potential trend shift. Watch for:
1. Support: $0.00235 (Critical level to hold).
2. Resistance: $0.00245 (Breakout zone for bulls).
Pro Tip: Stay cautious.
If momentum sustains, a rally could push $HOT higher. Tight stop-losses are key in such volatile conditions!
Will bulls dominate, or will bears reclaim control? Stay tuned!
#BinancePizzaVN
#CryptoNewsCommunity
#Liquidations
#Liquidations #TrendingNow
The market just witnessed a $2.981K short liquidation at the $0.00241 level, signaling a major shakeup in $HOT ’s trading dynamics. Liquidations like this hint at a sudden price movement, as over-leveraged positions are wiped out in the blink of an eye.
This event could attract bulls, aiming to capitalize on fresh momentum, or bears, hunting for a quick reversal.
Key Details:
Asset: Holo (HOT)
Liquidation Amount: $2,981
Liquidation Type: Short positions
Trigger Price: $0.00241
What’s Next?
This liquidation highlights a potential trend shift. Watch for:
1. Support: $0.00235 (Critical level to hold).
2. Resistance: $0.00245 (Breakout zone for bulls).
Pro Tip: Stay cautious.
If momentum sustains, a rally could push $HOT higher. Tight stop-losses are key in such volatile conditions!
Will bulls dominate, or will bears reclaim control? Stay tuned!
#BinancePizzaVN
#CryptoNewsCommunity
#Liquidations
#Liquidations #TrendingNow
South Korean Regulator Warns Upbit: Suspension Threatened Over 700,000 KYC Violations
Regulator Plans Action Against Upbit for KYC Failures
South Korea’s Financial Intelligence Unit (FIU) has issued a warning to Upbit, the country’s largest cryptocurrency exchange, about a potential suspension. The exchange allegedly failed to properly implement KYC (Know Your Customer) processes and comply with anti-money laundering (AML) regulations.
Possible Suspension for Up to Six Months
On January 9, the FIU warned that Upbit could face a suspension of operations for up to six months.
During the suspension: Upbit would be prohibited from onboarding new customers, though existing users would still be able to trade.Next steps: Upbit has until January 20 to respond to the FIU’s findings. After reviewing the exchange’s explanation, the regulator will decide on the final measures.
Investigation into Unregistered Foreign Firms
The regulator is also probing whether Upbit engaged in trading with unregistered foreign crypto firms. Upbit has stated that identifying foreign currencies in advance was challenging and denied any intention to break the law.
License Suspension and Potential Fines
Due to the alleged KYC violations, South Korean authorities have delayed the renewal of Upbit’s license. The FIU requires additional time to investigate more than 700,000 suspicious cases of rule-breaking.
Fines: Upbit could face fines of up to 100 million Korean won (approximately $71,500) per violation.The total penalty could amount to 35.8 billion won (about $27 million) due to the sheer number of violations.
Conclusion
The South Korean government continues to tighten regulations on cryptocurrency platforms, placing Upbit under intense scrutiny. If the allegations are confirmed, it could have significant consequences for the exchange and the broader cryptocurrency market in South Korea. Upbit has a final opportunity to justify its actions before the FIU issues a definitive decision.
#CryptoRegulation , #CryptoNewss , #bitcoin , #SouthKorea , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
South Korea’s Financial Intelligence Unit (FIU) has issued a warning to Upbit, the country’s largest cryptocurrency exchange, about a potential suspension. The exchange allegedly failed to properly implement KYC (Know Your Customer) processes and comply with anti-money laundering (AML) regulations.
Possible Suspension for Up to Six Months
On January 9, the FIU warned that Upbit could face a suspension of operations for up to six months.
During the suspension: Upbit would be prohibited from onboarding new customers, though existing users would still be able to trade.Next steps: Upbit has until January 20 to respond to the FIU’s findings. After reviewing the exchange’s explanation, the regulator will decide on the final measures.
Investigation into Unregistered Foreign Firms
The regulator is also probing whether Upbit engaged in trading with unregistered foreign crypto firms. Upbit has stated that identifying foreign currencies in advance was challenging and denied any intention to break the law.
License Suspension and Potential Fines
Due to the alleged KYC violations, South Korean authorities have delayed the renewal of Upbit’s license. The FIU requires additional time to investigate more than 700,000 suspicious cases of rule-breaking.
Fines: Upbit could face fines of up to 100 million Korean won (approximately $71,500) per violation.The total penalty could amount to 35.8 billion won (about $27 million) due to the sheer number of violations.
Conclusion
The South Korean government continues to tighten regulations on cryptocurrency platforms, placing Upbit under intense scrutiny. If the allegations are confirmed, it could have significant consequences for the exchange and the broader cryptocurrency market in South Korea. Upbit has a final opportunity to justify its actions before the FIU issues a definitive decision.
#CryptoRegulation , #CryptoNewss , #bitcoin , #SouthKorea , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
"Bitcoin Surges Past $100,860—Bulls Set Sights on $106,888"
As #Bitcoin temporarily surpasses the $100,000 mark, bullish momentum is back in the market. Will BTC continue its ascent to $106,888?
Read more on: https://thecryptobasic.com/2025/01/16/as-bitcoin-hits-100860-bulls-eye-extension-to-106888/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2025/01/16/as-bitcoin-hits-100860-bulls-eye-extension-to-106888/
#CryptoNewsCommunity
"XRP Skyrockets Past $3—Is It Poised to Claim the #2 Spot in Crypto?"
The #XRP price would only need to increase by this % for XRP to finally flip Ethereum on the path to becoming the second-largest crypto asset.
Read more on: https://thecryptobasic.com/2025/01/16/heres-how-much-higher-xrp-needs-to-go-to-become-the-2nd-largest-crypto-as-it-surges-past-3/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2025/01/16/heres-how-much-higher-xrp-needs-to-go-to-become-the-2nd-largest-crypto-as-it-surges-past-3/
#CryptoNewsCommunity
South Korea to Propose Additional Cryptocurrency Regulation by End of 2025
South Korean authorities have launched the second phase of cryptocurrency regulation, focusing on stablecoins and enhancing user protection. The proposal for new rules is expected to be ready by mid-2025.
New Phase of Cryptocurrency Regulation
The Financial Services Commission (FSC), South Korea's financial regulator, has begun working on a new set of cryptocurrency rules to strengthen user protection and adapt to the rapidly changing global crypto market. According to FSC Vice Chairman Kim So-young, the market is currently experiencing "a mix of optimism and uncertainty."
The country's first cryptocurrency law, the Virtual Asset User Protection Act, came into effect in July 2024. It provides a legal framework for virtual assets, sets rules against unfair trading practices, and outlines penalties for violations.
The new regulations will reportedly cover areas such as stablecoins, cryptocurrency exchanges, and rules for market entry. The FSC aims to collaborate with other government agencies to finalize the proposal by mid-2025, although no exact date has been set.
Easing Restrictions on Corporate Crypto Trading
South Korea is also considering easing existing restrictions on cryptocurrency trading for corporations. The updated rules would allow companies, including non-profit organizations, to open real-name accounts on crypto exchanges.
Currently, only retail investors with verified accounts are allowed to trade cryptocurrencies in South Korea. While there is no official ban on institutional investors, banks have been discouraged from issuing real-name accounts to corporations.
Plans for Cryptocurrency ETFs and Security Tokens
In January 2024, the chairman of the South Korean Exchange, Jeong Eun-bo, revealed plans to explore the approval of spot cryptocurrency ETFs by 2025. This suggests that the FSC may also permit companies to launch security token offerings.
During his address at the 2025 opening ceremony for the securities and derivatives market, Jeong emphasized that the exchange would "compare international cases of cryptocurrency ETFs and explore new opportunities for the capital market."
South Korea demonstrates its readiness to adapt its regulations to the evolving cryptocurrency market, addressing both user protection and supporting new investment opportunities.
#SouthKorea , #CryptoRegulation , #CryptoNewss , #bitcoin , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
New Phase of Cryptocurrency Regulation
The Financial Services Commission (FSC), South Korea's financial regulator, has begun working on a new set of cryptocurrency rules to strengthen user protection and adapt to the rapidly changing global crypto market. According to FSC Vice Chairman Kim So-young, the market is currently experiencing "a mix of optimism and uncertainty."
The country's first cryptocurrency law, the Virtual Asset User Protection Act, came into effect in July 2024. It provides a legal framework for virtual assets, sets rules against unfair trading practices, and outlines penalties for violations.
The new regulations will reportedly cover areas such as stablecoins, cryptocurrency exchanges, and rules for market entry. The FSC aims to collaborate with other government agencies to finalize the proposal by mid-2025, although no exact date has been set.
Easing Restrictions on Corporate Crypto Trading
South Korea is also considering easing existing restrictions on cryptocurrency trading for corporations. The updated rules would allow companies, including non-profit organizations, to open real-name accounts on crypto exchanges.
Currently, only retail investors with verified accounts are allowed to trade cryptocurrencies in South Korea. While there is no official ban on institutional investors, banks have been discouraged from issuing real-name accounts to corporations.
Plans for Cryptocurrency ETFs and Security Tokens
In January 2024, the chairman of the South Korean Exchange, Jeong Eun-bo, revealed plans to explore the approval of spot cryptocurrency ETFs by 2025. This suggests that the FSC may also permit companies to launch security token offerings.
During his address at the 2025 opening ceremony for the securities and derivatives market, Jeong emphasized that the exchange would "compare international cases of cryptocurrency ETFs and explore new opportunities for the capital market."
South Korea demonstrates its readiness to adapt its regulations to the evolving cryptocurrency market, addressing both user protection and supporting new investment opportunities.
#SouthKorea , #CryptoRegulation , #CryptoNewss , #bitcoin , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The U.S. #SEC has charged tech mogul and major Dogecoin supporter Elon Musk with failing to promptly disclose his stake in social media company Twitter (now X).
In a Tuesday statement, the SEC claimed Musk violated the beneficial ownership reporting requirements under the Securities Exchange Act of 1934 while acquiring Twitter in 2022.
For context, Musk splashed a whopping $44 billion to acquire Twitter in 2022 and later renamed the platform to X. Prior to completing the deal, Musk, the owner of Tesla, went on an accumulation spree to increase his Twitter shares.
SEC Complaints
The complaint alleged that Musk, who owned over 5% of Twitter’s stock in March 2022, failed to report his holdings in a timely manner by March 24, 2022. He subsequently acquired another $500 million worth of Twitter stock between March 25 and April 1, 2022.
According to the complaint, Musk acquired these stocks at lower prices by failing to disclose his initial 5% holdings on time. The complaint alleged that this untimely disclosure helped Musk save $150 million, causing investors economic harm.
The SEC filed its complaint in the U.S. District Court for the District of Columbia, seeking injunctive relief, disgorgement of the $150 million, and interest. The commission also wants the court to impose a civil penalty against Musk for violating the reporting requirements for beneficial ownership reporting.
#CryptoNewsCommunity
In a Tuesday statement, the SEC claimed Musk violated the beneficial ownership reporting requirements under the Securities Exchange Act of 1934 while acquiring Twitter in 2022.
For context, Musk splashed a whopping $44 billion to acquire Twitter in 2022 and later renamed the platform to X. Prior to completing the deal, Musk, the owner of Tesla, went on an accumulation spree to increase his Twitter shares.
SEC Complaints
The complaint alleged that Musk, who owned over 5% of Twitter’s stock in March 2022, failed to report his holdings in a timely manner by March 24, 2022. He subsequently acquired another $500 million worth of Twitter stock between March 25 and April 1, 2022.
According to the complaint, Musk acquired these stocks at lower prices by failing to disclose his initial 5% holdings on time. The complaint alleged that this untimely disclosure helped Musk save $150 million, causing investors economic harm.
The SEC filed its complaint in the U.S. District Court for the District of Columbia, seeking injunctive relief, disgorgement of the $150 million, and interest. The commission also wants the court to impose a civil penalty against Musk for violating the reporting requirements for beneficial ownership reporting.
#CryptoNewsCommunity
"Dogecoin's Bullish Patterns Unveiled: 30% Surge Gains Momentum"
Market analyst “CobraVanguard” asserts that #Dogecoin may be on the brink of a major rally.
Read more on: https://thecryptobasic.com/2025/01/15/two-bullish-pattern-hint-dogecoin-set-for-over-30-rally/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2025/01/15/two-bullish-pattern-hint-dogecoin-set-for-over-30-rally/
#CryptoNewsCommunity
It looks like a fake out. Stay away for sometime. #CPIPlunge2025 #cryptooinsigts #CryptoNewsCommunity #Market_Update
China Considers Selling TikTok's U.S. Operations to Elon Musk Amid Looming Ban
Chinese officials prefer TikTok to remain under its parent company ByteDance. However, with a potential U.S. market ban looming, they are considering the option of Elon Musk acquiring TikTok's U.S. operations.
TikTok Faces Ban in the U.S.
The United States is actively debating a potential ban on TikTok, with the U.S. Supreme Court indicating it might support the move. TikTok has until January 19 to sell its U.S. operations or face removal from app stores and servers across the country.
TikTok argues that such a removal would violate the rights of its 170 million American users to free speech and content sharing. However, most Supreme Court justices have signaled that U.S. national security concerns outweigh the company's commercial interests or creators' freedom of expression rights.
China Considering Elon Musk's Role
In light of the looming ban, reports suggest that the Chinese government is considering allowing Elon Musk to take over TikTok's U.S. operations. Some proposals even include merging Musk's X project with TikTok. However, no concrete deal has been confirmed.
The extent of ByteDance's involvement and whether negotiations between Musk, TikTok, and ByteDance are taking place remains unclear. TikTok's U.S. operations are estimated to be worth approximately $40 to $50 billion. Yet, questions linger about how Musk would fund such a large acquisition, especially as he continues to repay significant loans for his Twitter purchase.
China's Influence on the Deal
If TikTok decides to sell its U.S. division, the Chinese government will have significant influence over approving the transaction. While TikTok claims that Chinese government oversight only applies to its sister app Douyin, China's export laws restrict the sale of software algorithms to foreign entities.
Whether TikTok's U.S. operations will be sold to Musk or another company ultimately hinges on political and regulatory factors.
#ElonMusk , #tiktok , #CryptoNewss , #china , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
TikTok Faces Ban in the U.S.
The United States is actively debating a potential ban on TikTok, with the U.S. Supreme Court indicating it might support the move. TikTok has until January 19 to sell its U.S. operations or face removal from app stores and servers across the country.
TikTok argues that such a removal would violate the rights of its 170 million American users to free speech and content sharing. However, most Supreme Court justices have signaled that U.S. national security concerns outweigh the company's commercial interests or creators' freedom of expression rights.
China Considering Elon Musk's Role
In light of the looming ban, reports suggest that the Chinese government is considering allowing Elon Musk to take over TikTok's U.S. operations. Some proposals even include merging Musk's X project with TikTok. However, no concrete deal has been confirmed.
The extent of ByteDance's involvement and whether negotiations between Musk, TikTok, and ByteDance are taking place remains unclear. TikTok's U.S. operations are estimated to be worth approximately $40 to $50 billion. Yet, questions linger about how Musk would fund such a large acquisition, especially as he continues to repay significant loans for his Twitter purchase.
China's Influence on the Deal
If TikTok decides to sell its U.S. division, the Chinese government will have significant influence over approving the transaction. While TikTok claims that Chinese government oversight only applies to its sister app Douyin, China's export laws restrict the sale of software algorithms to foreign entities.
Whether TikTok's U.S. operations will be sold to Musk or another company ultimately hinges on political and regulatory factors.
#ElonMusk , #tiktok , #CryptoNewss , #china , #CryptoNewsCommunity
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Crypto Scam Mosaic: Court Orders $1.1 Million Restitution
A Florida federal court has ruled that Mosaic Exchange Ltd. and its CEO, Sean Michael, must pay over $1.1 million for running a fraudulent crypto trading scheme. The judgment includes penalties and restitution for the victims.
CFTC Secures $1.1 Million Judgment Against Mosaic Exchange
The U.S. District Court for the Southern District of Florida concluded a case initiated by the Commodity Futures Trading Commission (CFTC) in September 2023. The court found Mosaic Exchange and its CEO guilty of violating the Commodity Exchange Act. The fraudulent scheme operated between February 2019 and June 2021, targeting investors from various countries.
The scheme misled 18 investors with false claims about trading performance, assets under management, and nonexistent partnerships with crypto exchanges. The penalties include:
Customer Restitution: $468,600Disgorgement of Illicit Gains: $60,980Civil Monetary Penalty: $660,000
Additionally, Mosaic is permanently barred from operating on CFTC-regulated markets and registering with the regulator.
False Claims and Data Manipulation
Investigations revealed that Mosaic disseminated misleading information. The company falsely claimed to manage tens of millions of dollars in assets and achieve an 82% trading success rate using proprietary algorithms. However, investigators found these figures were hypothetical projections, not actual trading results.
CFTC's Role in Crypto Regulation
The CFTC has recently taken a proactive stance in addressing fraud within the crypto industry. Several cases highlight the regulator’s efforts to protect investors:
Gemini Trust Company Settlement
Gemini, founded by the Winklevoss brothers, paid $5 million for providing misleading information during the approval process for Bitcoin futures contracts.Icomtech Fraud
A federal court in California ordered five individuals associated with Icomtech to pay $5 million for a scheme promising daily returns of up to 2.8%.Washington Pastor’s Scam
The CFTC charged a pastor for running a $5.9 million crypto fraud targeting Spanish-speaking community members.
Implications for the Crypto Industry
Cases like Mosaic Exchange underscore the importance of increased vigilance among investors when engaging in crypto trading. The CFTC's regulatory actions bolster market confidence by penalizing unethical practices. These efforts highlight the necessity of transparency and integrity within the crypto sector.
#CryptoFraud , #CryptoRegulation , #DigitalAssets , #CryptoScamAlert , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
CFTC Secures $1.1 Million Judgment Against Mosaic Exchange
The U.S. District Court for the Southern District of Florida concluded a case initiated by the Commodity Futures Trading Commission (CFTC) in September 2023. The court found Mosaic Exchange and its CEO guilty of violating the Commodity Exchange Act. The fraudulent scheme operated between February 2019 and June 2021, targeting investors from various countries.
The scheme misled 18 investors with false claims about trading performance, assets under management, and nonexistent partnerships with crypto exchanges. The penalties include:
Customer Restitution: $468,600Disgorgement of Illicit Gains: $60,980Civil Monetary Penalty: $660,000
Additionally, Mosaic is permanently barred from operating on CFTC-regulated markets and registering with the regulator.
False Claims and Data Manipulation
Investigations revealed that Mosaic disseminated misleading information. The company falsely claimed to manage tens of millions of dollars in assets and achieve an 82% trading success rate using proprietary algorithms. However, investigators found these figures were hypothetical projections, not actual trading results.
CFTC's Role in Crypto Regulation
The CFTC has recently taken a proactive stance in addressing fraud within the crypto industry. Several cases highlight the regulator’s efforts to protect investors:
Gemini Trust Company Settlement
Gemini, founded by the Winklevoss brothers, paid $5 million for providing misleading information during the approval process for Bitcoin futures contracts.Icomtech Fraud
A federal court in California ordered five individuals associated with Icomtech to pay $5 million for a scheme promising daily returns of up to 2.8%.Washington Pastor’s Scam
The CFTC charged a pastor for running a $5.9 million crypto fraud targeting Spanish-speaking community members.
Implications for the Crypto Industry
Cases like Mosaic Exchange underscore the importance of increased vigilance among investors when engaging in crypto trading. The CFTC's regulatory actions bolster market confidence by penalizing unethical practices. These efforts highlight the necessity of transparency and integrity within the crypto sector.
#CryptoFraud , #CryptoRegulation , #DigitalAssets , #CryptoScamAlert , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Robinhood Settles $45 Million with SEC Over Securities Violations
Robinhood has reached a settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of over ten violations of securities laws. The total fine amounted to $45 million.
Long-Term Misconduct by Robinhood
The SEC's report revealed that two divisions of the company, Robinhood Securities LLC and Robinhood Financial LLC, violated securities laws between 2018 and April 2024. Key issues included failing to report suspicious activities, insufficient protection of customer data, and inadequate measures against identity theft.
Robinhood acknowledged some of the SEC’s findings and agreed to the following penalties:
Robinhood Securities LLC to pay $33.5 millionRobinhood Financial LLC to pay $11.5 million
Key Violations and Cybersecurity Weaknesses
The SEC highlighted several critical failures, including:
Anti-money laundering lapses: From January 2020 to March 2022, Robinhood failed to report suspicious activities, violating anti-money laundering laws.Identity theft protection: Between April 2019 and July 2022, Robinhood did not implement adequate measures to prevent identity theft, exposing customers to greater fraud risks.Cybersecurity vulnerabilities: In 2021, the company ignored known threats, allowing unauthorized access to sensitive data of millions of users.
Securities Law Breaches
The SEC also found that Robinhood failed to comply with record-keeping and off-channel communication regulations between 2020 and 2021. From 2019 to 2023, the company violated short-sale regulations in its fractional trading and stock lending programs.
Another significant issue was the inaccurate reporting of over 11,800 electronic blue sheets (EBS), resulting in erroneous reporting of approximately 392 million transactions over five years.
SEC's Statement
Sanjay Wadhwa, Acting Director of the SEC's Enforcement Division, emphasized that brokerage firms must comply with laws to maintain market integrity. He stressed the importance of adhering to regulations that protect investors and ensure fairness in financial markets.
Robinhood's Crypto Division Still Under Scrutiny
Although Robinhood’s cryptocurrency activities were not part of this settlement, the company remains under SEC scrutiny. In 2023, Robinhood received a Wells notice, indicating potential SEC actions regarding its cryptocurrency listings, custody practices, and platform operations.
Meanwhile, the SEC continues its civil enforcement actions against other major crypto companies, including Binance, Coinbase, and Ripple Labs.
#CryptoNewsCommunity , #Robinhood: , #SEC. , #CryptoNewss , #CryptoMarket
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Long-Term Misconduct by Robinhood
The SEC's report revealed that two divisions of the company, Robinhood Securities LLC and Robinhood Financial LLC, violated securities laws between 2018 and April 2024. Key issues included failing to report suspicious activities, insufficient protection of customer data, and inadequate measures against identity theft.
Robinhood acknowledged some of the SEC’s findings and agreed to the following penalties:
Robinhood Securities LLC to pay $33.5 millionRobinhood Financial LLC to pay $11.5 million
Key Violations and Cybersecurity Weaknesses
The SEC highlighted several critical failures, including:
Anti-money laundering lapses: From January 2020 to March 2022, Robinhood failed to report suspicious activities, violating anti-money laundering laws.Identity theft protection: Between April 2019 and July 2022, Robinhood did not implement adequate measures to prevent identity theft, exposing customers to greater fraud risks.Cybersecurity vulnerabilities: In 2021, the company ignored known threats, allowing unauthorized access to sensitive data of millions of users.
Securities Law Breaches
The SEC also found that Robinhood failed to comply with record-keeping and off-channel communication regulations between 2020 and 2021. From 2019 to 2023, the company violated short-sale regulations in its fractional trading and stock lending programs.
Another significant issue was the inaccurate reporting of over 11,800 electronic blue sheets (EBS), resulting in erroneous reporting of approximately 392 million transactions over five years.
SEC's Statement
Sanjay Wadhwa, Acting Director of the SEC's Enforcement Division, emphasized that brokerage firms must comply with laws to maintain market integrity. He stressed the importance of adhering to regulations that protect investors and ensure fairness in financial markets.
Robinhood's Crypto Division Still Under Scrutiny
Although Robinhood’s cryptocurrency activities were not part of this settlement, the company remains under SEC scrutiny. In 2023, Robinhood received a Wells notice, indicating potential SEC actions regarding its cryptocurrency listings, custody practices, and platform operations.
Meanwhile, the SEC continues its civil enforcement actions against other major crypto companies, including Binance, Coinbase, and Ripple Labs.
#CryptoNewsCommunity , #Robinhood: , #SEC. , #CryptoNewss , #CryptoMarket
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
"Bitcoin Breakout? Brandt Highlights Key Market Shift with Head and Shoulders Pattern Invalidated"
Veteran commodities trader Peter Brandt hints that the recent #Bitcoin bounce has notable implications.
Read more on: https://thecryptobasic.com/2025/01/14/bitcoin-head-and-shoulders-invalidated-brandt-calls-sweep-of-the-lows-significant/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2025/01/14/bitcoin-head-and-shoulders-invalidated-brandt-calls-sweep-of-the-lows-significant/
#CryptoNewsCommunity
Ethereum Whales Sell at Massive Losses: Is Further ETH Price Decline Ahead?
Ethereum faces continued market pressure as whales start selling their holdings at significant losses. The recent ETH price correction has failed to break through the critical $3,500 resistance level, stalling further growth. Investors remain cautious as ETH supply approaches pre-Merge levels. The market is expected to face additional price declines in the coming weeks.
Ethereum Whale Sells at Over $1 Million Loss
According to data from LookOnChain, three wallets — likely controlled by the same entity — sold 10,070 ETH for 33 million DAI at an average price of $3,280 per ETH, resulting in a loss exceeding $1 million. Just three weeks ago, this whale withdrew 24,029 ETH worth $81.3 million from Binance and distributed it across 10 newly created wallets. Currently, these wallets still hold 13,959 ETH worth $45.48 million.
Additionally, Tron founder Justin Sun deposited $320.4 million worth of Ethereum into the HTX crypto exchange over the past 13 hours. Since November 2024, Sun has deposited a total of 323,591 ETH worth $1.124 billion into HTX at an average price of $3,472 per ETH. These transactions suggest that major market players are positioning themselves for further price movement.
ETH Supply Reaching Pre-Merge Levels
Popular crypto analyst Benjamin Cowen stated that Ethereum's supply will likely return to pre-Merge levels in the coming weeks. Currently, Ethereum’s monthly supply is increasing by 45,000 ETH, leaving only 32,000 ETH to reach pre-Merge levels.
While demand for ETH briefly improved following rate cuts, it has since remained low. As a result, Ethereum's supply has been inflationary over the past 10 months, reversing the deflationary trends originally expected post-Merge.
ETH Price Action: Key Resistance and Support Levels
Ethereum is currently trading at $3,186.04, down 2.6% in the past 24 hours, with a market capitalization of $383 billion. According to crypto analyst Ali Martinez, the critical resistance zone for Ethereum lies between $3,360 and $3,450. Breaking above this level could trigger the next rally.
On the downside, key support levels have been identified between $3,066 and $3,160, providing crucial benchmarks for traders navigating the market. These levels offer a reference point where ETH may stabilize if the price continues to decline.
Ethereum's Future: What to Expect by 2025?
Despite the massive sell-offs, analysts remain optimistic about Ethereum’s future growth. Crypto analyst Altcoin Sherpa suggests that ETH's price could follow a familiar market cycle pattern consisting of three key phases:
Red Zone: Asset liquidation.Yellow Zone: A sharp V-shaped recovery, ultimately leading to a lower high in lower timeframes.Yellow Circle: Retesting previous lows, followed by a potential upward trend.
Analysts predict that Ethereum could surpass $10,000 by mid-2025, provided market sentiment improves and whale sell-offs decrease. Regaining investor confidence and restoring demand will be crucial for ETH's long-term growth.
Conclusion: Ethereum Faces Challenges, But Optimism Remains
While Ethereum struggles with pressure from whale sell-offs, its long-term outlook remains promising. Key resistance and support levels will determine the short-term price movement. If the market regains its bullish momentum, Ethereum could achieve significant milestones in the coming years.
#ETH , #CryptoWhale , #Ethereum , #WhaleActivity , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Ethereum Whale Sells at Over $1 Million Loss
According to data from LookOnChain, three wallets — likely controlled by the same entity — sold 10,070 ETH for 33 million DAI at an average price of $3,280 per ETH, resulting in a loss exceeding $1 million. Just three weeks ago, this whale withdrew 24,029 ETH worth $81.3 million from Binance and distributed it across 10 newly created wallets. Currently, these wallets still hold 13,959 ETH worth $45.48 million.
Additionally, Tron founder Justin Sun deposited $320.4 million worth of Ethereum into the HTX crypto exchange over the past 13 hours. Since November 2024, Sun has deposited a total of 323,591 ETH worth $1.124 billion into HTX at an average price of $3,472 per ETH. These transactions suggest that major market players are positioning themselves for further price movement.
ETH Supply Reaching Pre-Merge Levels
Popular crypto analyst Benjamin Cowen stated that Ethereum's supply will likely return to pre-Merge levels in the coming weeks. Currently, Ethereum’s monthly supply is increasing by 45,000 ETH, leaving only 32,000 ETH to reach pre-Merge levels.
While demand for ETH briefly improved following rate cuts, it has since remained low. As a result, Ethereum's supply has been inflationary over the past 10 months, reversing the deflationary trends originally expected post-Merge.
ETH Price Action: Key Resistance and Support Levels
Ethereum is currently trading at $3,186.04, down 2.6% in the past 24 hours, with a market capitalization of $383 billion. According to crypto analyst Ali Martinez, the critical resistance zone for Ethereum lies between $3,360 and $3,450. Breaking above this level could trigger the next rally.
On the downside, key support levels have been identified between $3,066 and $3,160, providing crucial benchmarks for traders navigating the market. These levels offer a reference point where ETH may stabilize if the price continues to decline.
Ethereum's Future: What to Expect by 2025?
Despite the massive sell-offs, analysts remain optimistic about Ethereum’s future growth. Crypto analyst Altcoin Sherpa suggests that ETH's price could follow a familiar market cycle pattern consisting of three key phases:
Red Zone: Asset liquidation.Yellow Zone: A sharp V-shaped recovery, ultimately leading to a lower high in lower timeframes.Yellow Circle: Retesting previous lows, followed by a potential upward trend.
Analysts predict that Ethereum could surpass $10,000 by mid-2025, provided market sentiment improves and whale sell-offs decrease. Regaining investor confidence and restoring demand will be crucial for ETH's long-term growth.
Conclusion: Ethereum Faces Challenges, But Optimism Remains
While Ethereum struggles with pressure from whale sell-offs, its long-term outlook remains promising. Key resistance and support levels will determine the short-term price movement. If the market regains its bullish momentum, Ethereum could achieve significant milestones in the coming years.
#ETH , #CryptoWhale , #Ethereum , #WhaleActivity , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“