Editor's Choice
Jerome Powell after the Fed's 25 basis point rate cut: the economy is stable, inflation is close to the target, the rate has been lowered to a neutral level, caution in further rate cuts 📉
Jerome Powell stated after the Fed's 25 basis point rate cut that the economy remains stable, and inflation is approaching the target. The labor market has weakened but remains strong, and unemployment is still low. Powell noted that the rate was lowered to a neutral level, and in the future, the Fed will be more cautious with further cuts. He emphasized that the decision on rates will depend on economic and inflation data, and future actions will be careful to avoid weakening the economy.
Former South Korean Democratic Party lawmaker Kim Nam-guk sentenced to 6 months in prison for concealing cryptocurrency assets worth 10 billion won and manipulating income reports 💰
Former South Korean Democratic Party lawmaker Kim Nam-guk has been sentenced to 6 months in prison for concealing cryptocurrency assets worth 10 billion won. The court found him guilty of transferring part of the cryptocurrency to bank accounts to hide the real assets, while converting the remaining funds back into cryptocurrency to hinder the investigation by the Ethics Committee of the National Assembly. These actions were related to his asset reports for 2021 and 2022. The hidden funds sparked public concern and raised questions about the transparency and accountability of public officials.
Crypto.com withdrew its lawsuit against the SEC after meeting with Donald Trump, during which proposals for a national Bitcoin reserve and cryptocurrency regulation in the US were discussed 💼
Crypto.com withdrew its lawsuit against the SEC after a meeting between CEO Kris Marszalek and Donald Trump on December 16. The exchange filed the lawsuit in October after receiving a warning from the SEC about potential actions, but withdrew it on the day of the meeting with the US President-elect. The meeting at Mar-a-Lago discussed Trump's proposals for a national Bitcoin reserve and cryptocurrency regulation. The company stated that it was dropping the lawsuit to work with the new administration on developing laws for the crypto industry.
OKX has integrated with Dune for on-chain analytics: Solana leads with 73.5 percent of trading volume and 93.3 percent of users, and data on Ethereum, BNB, and other networks is available
The cryptocurrency exchange OKX has become part of the Dune platform, providing users with access to data on transactions and cross-chain exchanges. Networks such as Solana, Ethereum, BNB, and others are supported. Solana takes the lead, accounting for 73.5 percent of the trading volume and attracting 93.3 percent of users. The Dune dashboard allows for real-time data analysis, filtering by blockchains, time, and time zones, making the platform a convenient tool for traders and analysts.
Bitwise has launched a new staking product based on the Solana cryptocurrency with a yield of 6.48 percent and a fee of 0.85 percent on the Xetra exchange in Europe, offering favorable conditions for investors 🚀
ASIC filed a lawsuit against Binance Australia: 83 percent of clients were mistakenly classified as wholesale, more than 500 investors were deprived of key rights and financial protection ⚖️
Richard E. Ptardio donated $69,000 to charity after the value of PTARDIO memecoins rose by 1765 percent and were subsequently sold 🎉
The United States has dismantled an international money laundering network for North Korea through cryptocurrency: a company from the UAE and two Chinese citizens fell under sanctions 💸
Trump promises to stop pressure on cryptocurrencies in the US. The departure of Crenshaw, Gensler, and Lizaraga will pave the way for Republicans to take full control of the SEC in 2024 to support bitcoin and ethereum 🚀
792 people were arrested in Nigeria for cryptocurrency fraud, including 148 Chinese citizens, and the DR Congo accused Apple of using "blood minerals" from conflict zones 🚨
Tether invested in StablR to support the stablecoins Euro EURR and US Dollar USDR in Europe using the Hadron platform and complying with MiCA requirements 💶
Mohammed Azharuddin Chipa from Virginia has been found guilty of sending over $185,000 in cryptocurrency to support ISIS in Syria, including escapes from camps and assistance to militants 💣
Starting from January 8, 2025, Bybit will stop withdrawal and asset storage services for citizens and residents of France: users with amounts under 10 USDC will incur a 10 USDC fee, and accounts will be closed ⚠️
Starting from January 8, 2025, Bybit will cease providing withdrawal and storage services for citizens and residents of France. Users with balances below 10 USDC will incur a 10 USDC fee, and their accounts will be closed. For others, funds will be transferred to the Coinhouse platform for further withdrawals. Please withdraw your assets before this date.
SEAL warns LastPass users about the risk of cryptocurrency loss: hackers stole $45 million, including $5.36 million in December 2024, since the hack in 2022 🚨
The Security Alliance (SEAL) has warned users about the risk of losing cryptocurrency if their private keys were stored in LastPass before December 2022. As a result of hacker attacks on LastPass, around $45 million was stolen, including $5.36 million in December 2024. SEAL urges users to transfer their assets to other platforms urgently, as private keys and seed phrases saved before 2023 are at risk. Hackers are active ahead of Christmas.
The South Korean Digital Asset Protection Fund will begin returning funds to users of closed cryptocurrency platforms, totaling 17.8 billion won, including 200 million won in deposits 🔄
The South Korean Digital Asset Protection Fund has started working to help cryptocurrency users affected by the closure of exchanges. It will complete the transfer of assets from eight companies by the end of the year and already controls funds for about 40,000 users. The Fund will also focus on returning deposits of 200 million won from other companies. Users will be able to retrieve their funds after identity verification via a website that will be launched in January 2025.
El Salvador granted the Bitget exchange a Bitcoin Service Provider license to provide services with Bitcoin, including currency exchange, payment services, and secure storage of user assets 🔐
El Salvador granted the Bitget exchange a license to provide services with Bitcoin. On December 16, it received the Bitcoin Service Provider license from the Central Reserve Bank, allowing it to exchange currency, provide payment services, and securely store assets. The exchange also expects to receive an additional license for working with other cryptocurrencies. Bitget, with 45 million users and daily trading volume of over $6 billion, continues to strengthen its position in the crypto market.
Best news of the last 10 days
FTX announced the start of payouts to users on January 3, 2025: the first group will receive compensation within 60 days, with the help of cryptocurrency companies Kraken and BitGo ⏳
Exodus Movement will be listed on NYSE American under the ticker EXOD on December 18 after a delay due to an SEC review, which will increase liquidity and the company’s profile 💼
Ripple launches the stablecoin RLUSD, pegged to the US dollar, from December 17, 2024, available on several platforms in the regions of America, Asia, the UK, and the Middle East 🌍
World Liberty Financial invested nearly $45 million in cryptocurrency in December: purchase of ONDO tokens, Ethereum (ETH), Coinbase Wrapped BTC (cbBTC), and other assets 🔗
Justin Sun withdraws $209 million in Ethereum from Lido Finance: a large ETH withdrawal could affect liquidity and price, as seen in previous transactions 📉
Justin Sun, the founder of TRON, has filed a request to withdraw 52,905 ETH ($209 million) from Lido Finance, which could affect the price of Ethereum. This is part of his accumulation strategy, during which he purchased 392,474 ETH, making a profit of $349 million. Similar withdrawals previously caused ETH prices to drop, raising concerns among analysts about potential liquidity declines. Lido accounts for more than 30 percent of all ETH staking, and such large withdrawals could impact the market.
In Scottsdale, NuruHussein Hussein was arrested for stealing $300,000 in cryptocurrency by posing as an Uber driver and transferring funds from victims' accounts on Coinbase 🚗
In Scottsdale, Arizona, NuruHussein Hussein has been arrested for stealing $300,000 in cryptocurrency. He posed as an Uber driver, and after taking passengers' phones, he transferred their cryptocurrency from their accounts to his wallets. Hussein threatened one of the victims when they suspected fraud. He was arrested on December 11 and placed under a $200,000 bond. The court proceedings will continue on December 18.
Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax, which puts foreign cryptocurrencies at a disadvantage with a tax of up to 37 percent 💰
Eric Trump confirmed that US-based cryptocurrencies such as Algorand, Cardano, Ripple, and Hedera will be exempt from capital gains tax. This puts foreign cryptocurrencies at a disadvantage, with a tax of up to 37 percent. Trump stated that his goal is to make the US a global cryptocurrency hub, and he also highlighted the importance of decentralized finance, which, in his opinion, could replace traditional banks, becoming faster and more efficient.
Mark Longo has filed a lawsuit against Binance for copyright infringement regarding images of Peanut the Squirrel, despite the stability of the PNUT price and a 95 percent drop in the market capitalization of the Justice for Peanut (JFP) token 🐿️
Mark Longo, the owner of Peanut the Squirrel, has filed a lawsuit against Binance for using images and stories involving his pet without permission. Despite the legal dispute, the price of the PNUT token has remained stable. Longo is also promoting a new token, Justice for Peanut (JFP), though its market capitalization has significantly dropped. Disputes within the crypto community have intensified, with Longo being accused of exploiting the situation for personal gain. The incident involving Peanut the Squirrel has also sparked public outcry following her death in custody.