OCC: Federally regulated banks can engage in crypto custody and certain stablecoin activities
The Office of the Comptroller of the Currency (OCC) issued a new letter, announcing the revocation of Interpretation Letter 1179 issued on November 18, 2021, and reaffirming that the activities related to cryptocurrency custody, distributed ledger, and stablecoins discussed in the previous letter are allowed.
2025-01-01 14:00:00SHARE
Crypto 'Godfather' Adam Iza's ex-girlfriend pleads guilty to $2.6 million tax fraud
According to Decrypt, Iris Ramaya Au, the former girlfriend of cryptocurrency entrepreneur Adam Iza, nicknamed "The Godfather," has agreed to plead guilty and admit to federal tax fraud charges. Au admitted to not reporting over $2.6 million in illegal income to the Internal Revenue Service between 2020 and 2023. She used shell companies and illegal funds to maintain a luxurious lifestyle for herself and Iza, including purchasing luxury cars, real estate, and cryptocurrency. According to the statement from the United States Attorney's Office for the Central District of California, Au now faces up to 3 years in federal prison.
2025-01-01 14:00:00SHARE
A whale withdrew 1,427 ETH from Kraken 7 hours ago and pledged it into Lido
according to Onchain Lens monitoring, a whale withdrew 1427 ETH (approximately $2.93 million) from Kraken 7 hours ago and pledged it to Lido Finance. In the past 6 and a half months, the whale has withdrawn a total of 5861 ETH (approximately $17.23 million) from CEX, currently losing about $5.34 million.
2025-01-01 14:00:00SHARE
ECB President: EU plans to launch digital euro in October
According to Cointelegraph, European Central Bank President Lagarde stated that the EU plans to launch a digital euro in October. Earlier reports stated that the European Central Bank President said that without completing legislation, the digital euro cannot be advanced.
2025-01-01 14:00:00SHARE
Avalanche Foundation's former directors issued a statement confirming that the three directors have collectively resigned
On March 8th, it was announced by Omer (@demirelo), former director of the Avalanche Foundation, on the X social platform that three directors, including Aytun? Yildizli and Vikram Nagrani, officially resigned from the board of directors of the foundation and its subsidiaries early this week.
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Over the past 12 hours, over 356 million USD of positions were liquidated, with both long and short positions exploding
Data shows that in the past 12 hours, the total liquidation amount on the entire network reached $356 million, with the liquidation amount of long positions being approximately $159 million and the liquidation amount of short positions being approximately $195 million, with both long and short positions being liquidated.
2025-01-01 14:00:00SHARE
Reuters: Multiple crypto companies are applying for state or national banking licenses
according to Cryptonews citing Reuters, multiple financial technology and cryptocurrency companies are applying for state or national bank licenses, hoping to obtain faster approval under the crypto-friendly Trump administration.
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Data: Whales bought more than 30,000 BTC in the past two weeks
On-chain analyst Ali posted on X that whales have bought over 30,000 BTC in the past two weeks.
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XRP surpasses USDT in market value, becoming the world's third largest cryptocurrency
XRP's market value has surpassed USDT, becoming the world's third largest cryptocurrency, with a total market value approaching 170 billion US dollars. Previously, it was selected as one of the five major targets for Trump's cryptocurrency warfare reserve.
2025-01-01 14:00:00SHARE
Trump: If the EU and Canada cooperate to cause economic harm to the United States, they will be subject to massive tariffs far higher than currently planned
US President Trump said that if the European Union and Canada cooperate to cause economic damage to the United States, then they will impose tariffs on them far higher than the currently planned large-scale tariffs.
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Analyst: Dollar plunge boosts Bitcoin bull run, but other indicators are worrisome
RealVision crypto analyst Jamie Coutts said that a weak dollar could push Bitcoin higher, but there are two key indicators that may cause concerns in the short term. Despite the sharp drop in the dollar, my framework is becoming bullish, but two indicators are still causing alarm: the US Treasury bond volatility (MOVE index) and corporate bond spreads. Coutts describes Bitcoin as a game between central banks around the world, and despite these worrying indicators, the overall outlook remains cautiously bullish. The MOVE index is an indicator of expected volatility in the US Treasury bond market. Coutts noted that while the MOVE index is currently stable, it is trending upwards. An increase in bond volatility could lead to further liquidity tightening, and at the same time, corporate bond spreads have widened for three consecutive weeks. Reversals in significant corporate bond spreads typically coincide with Bitcoin price peaks. Coutts concludes that overall, these indicators present a negative signal for Bitcoin. However, the depreciation of the dollar - one of the largest monthly depreciations in the past 12 years - remains a key driver in my framework.
2025-01-01 14:00:00SHARE
U.S. Treasury Secretary: We will think deeply about developing a stable currency system to maintain the dominance of the U.S. reserve currency
Scott Bessent, the US Secretary of the Treasury, spoke at the White House Crypto Summit, saying: "We will deeply consider the stablecoin system, as directed by President Trump, we will maintain the US position as the world's leading reserve currency, we will use stablecoins to achieve this."
2025-01-01 14:00:00SHARE
Changpeng Zhao: The price of paid consulting services has been raised to 0.2 BNB, and the price will continue to be adjusted to control the average daily message volume to about 10
Zhao Changpeng (CZ), the founder of Binance, stated on social media that his idea of Pay to Reach, which was released 18 days ago at Binance Square, has quickly come to fruition. A developer provided a prototype a few days after reading the article, and after discussions, adjustments, and security reviews, the product was launched yesterday.
2025-01-01 14:00:00SHARE
The difficulty of Bitcoin mining increased by 1.43% to 112.15 T last night, close to the historical high
According to Cloverpool data, the Bitcoin mining difficulty adjustment occurred at block height 887,040 (Beijing time 03-09 23:58:46), with a difficulty increase of 1.43% to 112.15T, nearing the historical high point (114.17). Currently, the average network hash rate in the past seven days is 794.85EH/s, predicting the next difficulty adjustment to be at 114.16T.
2025-01-01 14:00:00SHARE
The speeches of the participants at the White House Crypto Summit were mostly "formal remarks"
The participants of the White House cryptocurrency summit took turns to speak, mostly expressing a series of progress in the cryptocurrency field since Trump took office and praising Trump himself.
2025-01-01 14:00:00SHARE
If Florida Reserve Bill Passes, Expects to Purchase $1.85 Billion in Bitcoin
If the Bitcoin Reserve Bill in Florida is passed, the state plans to purchase up to $1.85 billion worth of Bitcoin.
2025-01-01 14:00:00SHARE
OKX will soon launch FLUID (Fluid) spot trading
March 27th news, according to the official announcement, OKX is about to launch FLUID spot trading. It is reported that Fluid is a DeFi protocol that integrates lending and DEX trading into one product.
2025-01-01 14:00:00SHARE
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