Top stories of the week
Grassscale calls the second delay of digital large cap fund ETF listing
The Attorney of Digital Asset Manager Grassscale pushed back against the delay of the US Securities and Exchange Commission (SEC) in a letter sent on Tuesday to the approval of its digital large cap exchange-traded funds (ETF).
Grassscale lawyers said SEC’s Trading and Markets initially approved the ETF proposal, but the SEC Secretary’s office decided to review the action immediately after stopping the verdict.
It violates the “statutory approval or rejection deadline” determined by SEC, according to the lawyers and struggles with the established process.
Binance helped in making world liberty financial stabcoin – reports
The Cryptocurrency Exchange Bennes allegedly helped creating a code behind the stabecoin issued by the World Liberty Financial (WLF), which is one of the crypto businesses associated with US President Donald Trump.
According to a report by Bloomberg on Friday, Benance, citing three people familiar with the case, helped WLF’s USD 1 Stabecrim’s biggest transaction to create, promote and play a role. The crypto business supported by Trump and his three sons launched USD1 on 4 March.
Abu Dhabi-based investment firm, MGX, announced an investment of $ 2 billion in Binance on 12 March, using the then designated Stabelin. One of the WLF co-founders, Eric Trump said in May that the company would use USD1 to settle investment.
Peter Shif says that BTC sell bitcoins for silver
For a long time, bitcoin critic and Gold Advocate Peter Shif said that the latest BTC rally could be a sale opportunity for investors to buy silver.
Shif said in Thursday’s X post, “Bitcoin today (in dollars) is a great time to sell some and buy silver ahead of silver’s next big leg, with a new height.
He claimed that the silver has a greater opposite capacity than bitcoin and that while the BTC “can easily crash, the negative side of the silver seems very limited.”
Arthur Hayes, co-founder and former CEO of Bitmex, also weighed in market conditions in Friday’s X post. He said that the US Treasury General Account was “slight recession”, which could temporarily drain liquidity.
High-level trader James WYNN deactivated X account
James Veen, a Crypto trader, known for its high-leverage crypto bet, has neutralized its X social media account after nine-digit losses.
WYNN’s X handle “Jameswinrell“Now there is a path on a page that says” this account does not exist. Try to search for another. ,
According to the balance, trader wallets show a joint balance of just $ 10,176 Shown By Arkham Intelligence and Hipurcan,
Cointelegraph reached WYNN for comment, but was unable to come in contact with the businessman. Before removing the X account, WYNN turned its profile bio into a word: “Broken.”
The telegram ‘gift’ of Snow Dog sold in 30 minutes: NFTS back?
American rapper Snowup Dog sold a collection of about one million non-fangable tokens (NFT) on Telegram in 30 minutes on Wednesday, defying the assumption that the NFT industry is “dead”.
Telegram founder Pavel Durov said in an X post on Wednesday that the new digital gift collection of Snow Dog run by ton blockchain is “inspired by the prestigious style of the snup”, “inspired by the iconic style of the snup”.
He said, “Blockchain mint and secondary markets live in 21 days. It is going to be wild,” he said.
The collection included a mixture of vintage cars, swag bags, a digital dog, marijuana related items and other items and symbols.
Winner and losers
At the end of the week, bitcoin ,BTC, $ 117,967 is at ether ,ET, At $ 2,962 and XRP At $ 2.78. Total market cap is $ 3.68 trillion, According For coinmarketcap.
In the largest 100 cryptocurrency, the top three altcoin beneficiaries of the week are Memekor (M) At 1,234.52%, stellar (XLM) 59.52% and on story (IP) At 49.69%.
The top three altcoin of the week is JITO (JTO) At 4.57%, OKB (OKB) 0.64% and PI (PI) At 0.15%. For more information about crypto prices, be sure to read the market analysis of cointelegraph.
Most memorable quotes
“BTC confirms the daily high-high and confirms the end of the downtrend starting in late May.”
Matthew highlandCrypto trader
“So the ethrium is quite scalable, quite cheap in the United States, quite legal.”
Joseph lubinEtharium co-founder and CEO of Considering
“We cannot have people who are in charge of passing laws and implementing laws, implementing laws, their official responsibilities have a conflict of interests. If you are going to regulate Crypto then you should divide from Crypto.”
Richard painterFormer White House Chief Ethics Lawyer
“Crypto-friendly SEC, with the Genius Act, can align to expand the crypto industry rapidly, with the capacity to the stabilcoin market to reach $ 1-2 trillion in the market cap over the years.”
Nick RookDirector in LVRG Research
“However, I am not sure that there is a compelling case for stabechoin, which moves the needle to the dollar beyond the dollar, unless retail usage is intensified in developing countries behind the incentive.”
Cataline tishhoserHead of research in signum
“(Testimony) would be wrongly prejudiced as it would probably confuse the gamblers and believe that the Mr. Storms were included in the alleged hack underwriting or intended to make it convenient, which is not true.”
Atorney The co-founder and developer of Tornado Cash represents Roman Storm
Top prediction of the week
Bitcoin Christmas rally ‘Power Law’ model is possible on the basis of $ 200k or $ 300k
Bitcoin ralled at a rate of 10% in July, which has reached a new height at $ 118,600, and it could begin a paralysis rally according to anonymous bitcoin analyst APSK32. The analyst said that if history repeats itself, bitcoin can be as much as $ 258,000.
According to APSK32, the price action of bitcoin has followed a long -term power curve trendline, a mathematical model that reflects the exponential growth of BTC over time. It measures value deviations from this trendline, not only in terms of dollars, but in units of time, an approach known as power law time controls.
Top Fads of Week
Chinese creditors challenge FTX motion to prevent payment in restricted countries
A Chinese creditor has lodged an objection to a proposal from the FTX Estate on Tuesday, according to the court filing on Tuesday that will prevent payment to the residents with laws or rules prohibiting cryptocurrency transactions.
The creditor, Weewei ji, said that although they live in Singapore, they have been classified as a Chinese creditor due to keeping Chinese passports. The GI said that the objection was allegedly presented by Ji and the growing groups of Chinese creditors – more than 300 individuals.
The objection raises two major arguments: first, that FTX settlements are made in US dollars, a standard legal repayment method. Second, it notes that cryptocurrency distribution is legal in China, with digital property “personal property”.
Bitzlato co-founder requested us to forgive after a guilty petition
An Russian national and former CEO Anatoli Legcodimov, a Russian national and former CEO of the Cryptocurrency Exchange Bitzalato, allegedly requested US President Donald Trump to a federal forgiveness after a 2023 convict and served an 18 -month prison.
According to a Friday report by the Russian State Media Outlet Tass, Legcodimov’s legal team officially asked Trump for the presidency, as he blamed for operating a business that broadcasted money without license. Legcodimov was accused in January 2023, convicted in December, and was sentenced to time in July 2024 after being detained for about 18 months.
“Anatoli (…) became a target in a political campaign against the crypto market and talented Russian programmer,” according to TAS, said Ivan Mennikov, vice -president of the Russian branch of the International Committee’s Russian branch of the International Committee.
France opens a criminal investigation in X for alleged algorithm manipulation
The office of the French Public Prosecutor has opened an inquiry into the X on the alleged use of its algorithm for foreign intervention.
On Friday, according to a statement by Magistrate Laor Bekua, the prosecutors initiated an investigation whether X has violated the French law by manipulating its algorithm to fraud the user data.
On January 12, the investigation was initiated after two reports were submitted after two reports to the Cybercrime Division of the Paris Public Prosecutor’s office – a member of a Parliament, a member of the artists of French President Emmanuel Macron, a member of a contingent of artists, La Republic Party, and a senior government official, which was not identified.
Top magazine stories of the week
Crypto aircraft stolen from real users inside a 30,000 phone bot farm
“There is no clue in the industry how sophisticated this stuff is,” says the CEO of Mirai Labs.
China’s 100K TPS blockchain, Japan’s Minna Bank Eyes Solana: Asia Express
The North Korean defects targeted by the Scam Crypto app, the Indonesian Exchange, locally list the coins and more.
Digital art will be ‘age like fine wine’: Flemingo Dow’s 9-Figure NFT Collection
Flemingo DAO members can spend 5 ETHs from Treasury on any NFT they like. A mining ‘large -scale profitable’ bored monkey.
