coingape

Cryptocurrency News: 24/7 Crypto Updates And Insights |. 🔥 Cryptocurrency News: 24/7 Crypto Updates & Insights ⚡️
CoinGape delivers live crypto news, providing real-time reporting, market analysis, project insights, listicles, reviews and ratings—combining macro coverage to surface the most relevant updates. Stay ahead with CoinGape! 💡🌐
🔹 Live updates on the go
🔸 Comprehensive market insights
🟢 Project evaluations & predictions
CoinGape is your one-stop source for staying informed 24/7. What's your favorite area of crypto news? 👇 #CryptoNews #CoinGape #Cryptocurrency

DJT #Stock rose on Tuesday after Trump Media confirmed that February 2, 2026, would be the record date for its digital token distribution. Shares surged by 3.1% to about $14.57, as per TradingView data. The rise comes as Trump Media advances its Crypto.com-backed token plan, even as broader equity and crypto markets sold off.
DJT Stock Surges Against a Weak Market
DJT Stock surged by over 7% on the day, while most risk assets declined. The Nasdaq fell nearly 2%. Overseas, Japan’s Nikkei dropped by 2.5%, while Germany’s DAX declined by 1%. This is due to the ongoing global tensions over Trump’s tariffs.
DJT Stock moved higher despite the trend in Crypto-related equities. #Bitcoin erased most of its 2026 gains and traded only 3% above its January starting level. Investors sought safer options, sending gold up 3% and silver up 7%, both hitting record highs.
Source: TradingView
DJT stock rose on the announcement of the record date for its distribution of digital tokens to shareholders. #CoinGape had earlier reported the Bitcoin treasury company’s plan to distribute tokens, though the company didn’t announce a date for the airdrop at the time.
Trump Media Sets February 2 Record Date
Trump Media, listed on Nasdaq under the ticker DJT, said that February 2 will determine eligibility for its blockchain-based token distribution. The company first announced the initiative in late December, in partnership with Crypto.com.
According to the company, registered holders and ultimate beneficial owners of at least one whole DJT Stock share will qualify. However, shareholders classified as objecting beneficial owners may face delays in information sharing.
As a result, the firm encouraged investors to confirm non-objecting status or use direct registration. #Trump Media stated that the token will not represent company equity. The token may also provide benefits tied to Truth Social, Truth+, or Truth.Fi, but cannot be exchanged for cash.
It is worth noting that Trump Media holds 15,000 bitcoin, valued at about $1.36 billion. The company has a market cap of $4.91 billion, with $2.36 billion in trading volume over the past 30 days.
Crypto.com’s Role and Token Structure
After the record date, the top crypto exchange, Crypto.com, will mint and custody the tokens pending distribution. The company previously indicated the token may launch on Crypto.com’s blockchain infrastructure. CEO and Chairman Devin Nunes said the process follows Securities and Exchange Commission guidance and aims to improve transparency of ownership.
Trump Media reiterated that tokens will remain non-transferable and reserved for eligible shareholders only. The company added that additional details on allocation and distribution will follow. #Crypto projects have added about $1.4 billion to the Trump family’s wealth since Trump took office.
DJT Stock rose as investors weighed the timing of confirmed tokens, sizable Bitcoin holdings, and clear eligibility rules. The rise comes despite falling global equities and weakening crypto prices.

The crypto market continues to show mixed momentum as investors balance optimism with caution. Bitcoin remains the market leader, holding above key support levels and maintaining strong institutional interest. Many traders believe Bitcoin could test higher levels if buying pressure continues.
Ethereum is also performing well, supported by growing activity in decentralized finance and staking. Meanwhile, BNB remains one of the strongest exchange-related tokens thanks to the continued expansion of its ecosystem.
Solana has attracted attention with its fast transactions and active developer community. XRP continues to benefit from improving regulatory clarity, while Cardano focuses on long-term development and network upgrades.
Dogecoin and Shiba Inu remain popular among retail traders. Although these meme coins can be highly volatile, they still attract significant trading volume and community support.
Toncoin has emerged as a strong contender due to its connection with Telegram's growing ecosystem. At the same time, Tron continues to dominate stablecoin transfers and maintains strong on-chain activity.
Avalanche rounds out the top ten list with steady growth in decentralized applications and partnerships. Its technology remains attractive for developers seeking scalable blockchain solutions.
Market Observation
Current market sentiment appears cautiously bullish. Trading volumes are gradually increasing, and investors are showing renewed interest in AI, DeFi, and infrastructure projects. However, macroeconomic factors and regulatory developments continue to influence price movements.
Prediction
If Bitcoin remains stable and breaks major resistance levels, the broader market could experience another upward wave. Ethereum, Solana, BNB, XRP, and Toncoin may outperform during periods of strong market confidence. However, traders should expect volatility and manage risk carefully.
Overall, the crypto market remains in a growth phase, with innovation and adoption continuing to drive long-term optimism across the industry.$BTC $BNB $XRP #CryptoPatience #coingape

Iran’s central bank acquired at least $507 million in Tether’s USDT in April and May 2025, according to Elliptic. The purchases came from Iran, the UAE, and public blockchains, using #payments in Emirati dirhams. The activity involved the Central Bank of Iran and aimed to stabilize the Rial while bypassing restricted banking channels.
How Did Iran Accumulate the USDT?
According to Elliptic, researchers traced wallets linked to Iran’s Central Bank through transaction patterns and documentation. Payments moved in AED, then settled on #TRON , building a sizable stablecoin reserve.
Based on these findings, Elliptic mapped a broader wallet structure tied to Iran’s Central Bank. The identified wallets accumulated at least $507 million in USDT. However, Elliptic stressed that this figure shows only wallets attributed with high confidence.
This growing stockpile formed during the Rial’s weakness. Reports cited the Rial halving in value within eight months. As a result, the central bank appeared to seek faster access to dollar-linked assets outside traditional channels.
Interestingly, this development comes just weeks after #CoinGape reported that Iran was accepting crypto payments for weapon sales. The country’s official defense export agency had offered advanced weapons systems in exchange for digital assets.
Move From Local Exchange to Cross-Chain Routes
Initially, most USDT flowed to Nobitex, Iran’s largest crypto exchange, as per Elliptic. Nobitex allowed users to hold USDT, trade cryptoassets, or sell tokens for rials. This routing suggested direct injection of dollar liquidity into Iran’s domestic market.
However, the pattern changed in June 2025. USDT transfers moved from the top layer -1 network TRON to #Ethereum through a cross-chain bridge. Funds passed through decentralized exchanges, other blockchains, and centralized platforms, extending through late 2025.
Source: Elliptic
This shift followed a major Nobitex security breach. On June 18, 2025, hackers stole $90 million in cryptoassets. The pro-Israel group Gonjeshke Darande claimed responsibility and destroyed the assets by sending them to inaccessible wallets.
Sanctions, Transparency, and Wallet Freezes
Elliptic reported that Iran’s USDT use aimed to address two constraints: currency collapse and trade settlement barriers. Routing USDT to Nobitex aligned with efforts to support the Rial through market operations. Meanwhile, later cross-chain activity suggested attempts to manage funds beyond local exposure.
Despite these efforts, blockchain transparency kept transactions visible. Public ledgers on TRON and Ethereum allowed investigators to trace flows. As a result, enforcement actions followed at key control points.
Tether blacklisted several wallets linked to Iran’s Central Bank on June 15, 2025. That action froze about 37 million $USDT . Separately, on January 11, 2026, TRM Labs reported Iran’s IRGC moved nearly $1 billion in crypto between 2023 and 2025.
Meanwhile, Iran’s central bank built a large USDT reserve through identifiable wallets, cross-chain transfers, and exchange routing. Elliptic traced the accumulation, movement, and later disruption of these funds through blockchain data. Enforcement actions, including wallet blacklisting and freezes, later exposed and constrained parts of this structure.