Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Solana Foundation Clarifies Stance on Andrew Tate Hackathon Controversy

Andrew Tate’s fake Solana-linked hackathon got shut down; Solana denies ties, warns devs to verify events and avoid scams.

Andrew Tate’s latest stunt got him into hot water again. He launched a “HACKATHON G-AI” event on X, promising over $1M in prizes and claiming partnerships with top venture firms. But, in his promo video, he threw Solana Foundation’s logo up there, making it look like they were backing the hackathon. Not cool.

Solana Foundation quickly shot down any connection with Tate’s event, calling out the misuse of their brand. Solana’s CMO, Akshay, went to X to clear the air. He warned people to “Do Your Own Research” and stay cautious. He made it clear that the Solana Foundation had zero involvement.

Tate’s reputation is already pretty messed up due to his controversial remarks and ongoing criminal investigations, and this incident just adds more fuel to the fire. The hackathon now looks really sus, and anyone interested in joining must double-check the details before getting involved.

In the end, this serves as a reminder to crypto fans and developers to be extra careful with events and promotions online. Don’t fall for fake partnerships or scams—always verify before jumping in.

Also Read: XRP Soars to Record Highs Across Binance, Kraken, and Bitfinex

XRP Soars to Record Highs Across Binance, Kraken, and Bitfinex

XRP hits $3.37 ATH, fueled by legal wins, whale moves, SEC changes, and bullish patterns predicting more gains ahead.



XRP just flexed hard, hitting an all-time high of $3.37 on Binance, Kraken, and Bitfinex—beating its peak about seven years ago! The vibes are bullish, with the market hyped over SEC Chair Gary Gensler stepping down soon and Ripple winning big in court.

Big whales are making waves too. A transfer of 30M XRP (worth $76.1M) from Upbit to an unknown wallet caught everyone’s eye. Moves like this usually mean the big players are either loading up or prepping for a massive market shake-up. Analysts are buzzing that XRP could soon see double-digit percentage jumps.

EGRAG Crypto points to a “Megaphone Bottom” pattern, which has a 70% chance of a bullish breakout—predicting XRP could reach $8! Another analyst, World of Charts, says breaking out of a symmetrical triangle could push XRP to $4 soon.

Adding to the hype, the SEC’s legal drama might finally end. The new crypto-friendly leadership is incoming, Ripple’s case could shake up the entire industry. Plus, XRP’s open interest in derivatives hit $7.7B, showing traders are super optimistic.

Bottom line? XRP’s on fire, and it’s looking like last year could be the year it truly takes over.

Also Read: Solana Eyes $300 as Bitcoin Rallies to $100K

Solana Eyes $300 as Bitcoin Rallies to $100K

Solana surges with a similar momentum seen by Bitcoin to shake off several losses it incurred in the market last week. Specifically, SOL lost momentarily to the $169 level a few hours this week before moving up above $180 within hours of trading. Solana changes hands at approximately $215, changing hands 15% in the last 24 hours and up about 27% from its weekly lows, according to CoinMarketCap.

On January 13, SOL’s price dropped over 11%, mirroring Bitcoin’s volatile movements, and briefly fell below the key $170 support level. However, the swift recovery signals renewed bullish momentum in the market.

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With Bitcoin reclaiming $100,000 after dipping below $90,000 earlier this month, analysts are optimistic about the crypto market’s trajectory. SOL’s all-time high (ATH) of $263.83, achieved in November 2024 when Bitcoin first crossed $90,000, is back in focus.

If the bullish feeling continues, inflows of new capital could see SOL reach for a new ATH well beyond $300. This type of growth can be supported by growing investors’ appetites and high expectations of key regulatory and institutional changes by the upcoming Trump administration, considered crypto-friendly.

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For the time being, all eyes are on Bitcoin’s momentum and how that will contour up the altcoin market.

World Liberty Financial Transfers $61.4M in Ethereum

Crypto project World Liberty Financial, which has connections with President-elect Donald Trump, has moved approximately $61.4 mln worth of Ethereum within the last 24 hours, says Arkham Intelligence in a tweet. The cash moved between different wallets, one of which is Coinbase Prime.

“These are regular movements of our crypto holdings for treasury management, covering fees, expenses, and working capital needs,” explained WLFI in an X post. It said no tokens were sold during those transactions, referring to the action as standard practice.

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Data on the blockchain shows more transactions, which include the transfer of 103 WBTC for 3,075 ETH, valued at $10 million; the transfer of another $59.8 million in Ethereum to Coinbase Prime and other wallets. WLFI also spent $1.7 million in Tether (USDT) to buy 17.62 WBTC at an average price of $96,490.

WLFI’s wallet, once holding $83 million in mid-December, now has a balance of $17 million. Despite this drop, WLFI maintains a long-term investment strategy, with $4.8 million in unrealized losses due to market fluctuations in assets like Ethereum, WBTC, Aave (AAVE), and Chainlink (LINK).

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In parallel, WLFI has partnered with Ethena Labs to integrate the sUSDe stablecoin into Aave, showcasing its efforts to expand its ecosystem despite the volatility.

Arkansas Proposes Ban on Crypto Mining Near Military Bases

The lawmakers of Arkansas have filed Senate Bill 60, which prohibits the setup of cryptocurrency mining operations within 30 miles of any U.S. military facility in the state. Co-sponsored by Senator Ricky Hill and House Speaker Brian Evans, the bill is presented as an amendment to the Arkansas Data Centers Act of 2023, on matters touching on national security and noise pollution.

The bill targets a crypto mining operation near Cabot that is just five miles away from the Little Rock Air Force Base. This comes weeks after a similar 2024 federal order brought to a halt the operations of a China-linked mining firm that was operating near a military facility in Wyoming.

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Cabot Mayor Ken Kincade and Lonoke County officials don’t want the local mine because of concerns about noise and security. However, that is not the opinion of Dustin Curtis, the vice president of Interstate, behind the project. He said the mine is in compliance with all federal and state regulations, and it generates less noise than that on highways nearby.

Crypto mining operations have been under fire nationwide. For instance, last July, US Senator Elizabeth Warren expressed concern that foreign-owned crypto mines were operating on American soil.

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The proposed bill will now go to committee and may position Arkansas as the only state that will impose restrictions. A very intense debate between innovation and security presses on.

Trump Inauguration Sparks Crypto Volatility Warnings

With the inauguration of Donald Trump mere days away, crypto investors are being warned to expect sharp price swings. Analysts at Singapore-based QCP Capital say they expect “heightened volatility” in the crypto market both in the lead-up to, and following the Jan. 20 ceremony. They liken current market jitters to turbulence seen during the first term of Trump in 2017.

Inflation in the U.S. economy remains a concern. Whereas job growth has been strong-non-farm payrolls were up 256,000 against an expected 165,000-inflation fears have lingered.The consensus for December is for a hotter CPI number than previous readings; something that will keep markets on their toes.

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At the same time, this uncertainty is heightened by the prospect of proposed tariffs on China by Trump, which might also add inflation. Again, these might be introduced piecemeal, not all at once. Also improving bond yields are shifting the market’s expectations, pricing in fewer rate cuts in 2025 and 2026.

Expect higher volatility in the lead-up to and after the inauguration as markets chew and adjust to a new Trump term,” warned QCP Capital.

There is, however, a silver lining: rumors of the Trump administration packed with crypto-friendly officials and, of course, whispers of executive orders that give digital assets relief. This might relieve the market temporarily.

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Still, caution prevails. Bitcoin has repeatedly tested the $90,000 mark, and with rising bond yields, the coming weeks could be anything but predictable for crypto investors.

ANIME Token Unveils Community-Focused Tokenomics

ANIME token’s 10B supply focuses on community-driven growth, with major allocations for grants, Azuki backers, and DAO governance.

Anime Coin is bringing something fresh to the crypto world by launching its own token, ANIME, on Ethereum and Arbitrum. The goal? A community-driven anime ecosystem where both fans and creators have a say in the future of the industry.

Here’s the deal: ANIME has a massive 10 billion token supply, and they’ve just dropped the tokenomics to show how it’ll all be split. A huge chunk—50.5%—is dedicated to grants and programs managed by the Animecoin Foundation. This will support anime creators, developers, and other cool projects within the ecosystem.

Then, there’s the Azuki community—early supporters who’ll get 37.5% of the token supply, all unlocked at launch. If some tokens are left unclaimed, they’ll get sent to the Community Cultivation Fund (13%), which will be governed by the upcoming AnimeDAO. This means holders of ANIME tokens will control where the funds go, shaping the future of the community.

The Animecoin Foundation itself is set to get 24.44% for growth and expansion, helping bring Animecoin to the wider anime industry. Lastly, partner communities like Hyperliquid and Kaito Yappers will get 2%. The future of anime and crypto? Looking bright!

Also Read: Dubai Plans 17-Story Crypto Tower to Boost Web3 Innovation

EigenLayer unveils Protocol Council to enhance decentralized governance efforts

EigenLayer introduces the Protocol Council to enhance security and community-driven growth, while rewarding voters with $EIGEN tokens.



EigenLayer just dropped big news: they’ve formed the Protocol Council to boost security and keep the protocol running smoothly. The council’s main job is to review and approve upgrades to the EigenLayer system, making sure everything aligns with long-term goals and supports decentralized growth. And it’s not just about tech—this move opens up more opportunities for the community to get involved.

If you don’t know, EigenLayer is a protocol built on Ethereum that’s all about restaking. Basically, if you’ve staked ETH to help secure Ethereum’s network, you can also use that staked ETH to back other decentralized services like oracles, sequencers, and data availability layers. This helps secure a bunch of decentralized applications, opening the door for more cool projects to thrive.

To keep the community in the loop, EigenLayer launched the Eigen Council Telegram group. This is where anyone can vote on proposals, share ideas, and even get rewarded with $EIGEN tokens for being active voters.

On top of that, EigenLayer also supports using any ERC-20 token for restaking, letting you use assets like AVS, stablecoins, or even Bitcoin-denominated tokens to secure more networks and earn rewards. Big moves for decentralized growth!

Also Read: Court Sides with Coinbase in SEC Crypto Regulation Dispute

Crypto Market Surges Following US CPI Data Release: What Lies Ahead?

Bitcoin hit $99K, altcoins soared as lower core CPI fueled Fed rate cut hopes, but inflation risks still linger.



Bitcoin smashed through $99K for the first time since Jan 7, climbing 10% from its monthly low. This crypto glow-up wasn’t just Bitcoin flexing—altcoins joined the party too. Virtuals Protocol skyrocketed by 25%, ai16z surged 17%, and Algorand jumped over 13%.

But the hype isn’t limited to crypto. Wall Street got its own glow-up: Dow Jones futures popped 700 points, S&P 500 futures climbed nearly 100 points, and bond yields dipped. The 10-year, 30-year, and 5-year yields are now chillin’ at 4.66%, 4.90%, and 4.48%.

What’s the tea? U.S. core inflation dropped from 0.3% to 0.2% last month, and yearly, it’s down from 3.3% to 3.2%. This got everyone hoping for juicy Fed rate cuts—maybe more than two this year. Core CPI is a big deal since it skips food and energy prices and is the Fed’s main squeeze.

Still, it’s not all sunshine. Inflation is above the Fed’s 2% goal, and some wildcards could stir the pot—like LA fires pushing up costs or Trump-era policies hiking inflation.

TL;DR: Crypto’s thriving, markets are vibing, but keep an eye on inflation drama—it’s far from over.

Also Read: BlackRock Unveils Bitcoin ETF for Canadian Investors

Dubai Plans 17-Story Crypto Tower to Boost Web3 Innovation

In yet another leap into the future, a 17-story Crypto Tower is to be constructed in Jumeirah Lakes Towers, Dubai. This ultra-modern building, by DMCC and REIT Development, will house the innovation of blockchain, DeFi, and AI.

Measuring at 150,000 square feet, Crypto Tower is reportedly set to host offices of crypto startups, blockchain firms, and even AI innovators. It comprises nine floors housing offices, three of blockchain incubators and venture capital firms, and one special hub of AI innovation tstered by Chatoshi.ai.

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What really sets this tower apart, however, is the inclusion of blockchain-powered tenant services, ranging from on-chain voting to smart contracts; the building will make use of advanced tech to bring in more transparency and efficiency.

Other highlights include a 10,000-square-foot event space, an NFT art gallery, a gold bullion shop, and a swanky three-floor crypto club. Secure vault storage will also be made available for high-value assets.

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Set for completion by early 2027, the Crypto Tower reflects Dubai’s commitment to becoming a global leader in Web3 innovation. Ahmed Bin Sulayem, CEO of DMCC, stated, “This tower embodies our vision for the future of Web3 and strengthens Dubai’s position as a world-class innovation hub.”

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