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@torcryp

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🚀 Tether: From Criticism to Success 📈 Tether, the issuer of the most popular stablecoin USDT, has undergone a dramatic image transformation in recent years. According to a Bloomberg report, the company has been posting record-breaking profits and expanding its influence beyond crypto by investing in AI, biotech, and media projects. In 2024, Tether reported a $13 billion profit, with total assets reaching $157.6 billion. Previously, Tether faced heavy criticism over the legitimacy of its reserves and the alleged use of USDT in illicit activities. However, with a shifting political landscape in the U.S. and support from organizations like Cantor Fitzgerald Bank, the company is becoming increasingly influential. Dragonfly Capital's general partner, Rob Hadick, highlighted Tether’s high per-employee profitability and the growing focus on its investment strategies.
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🚨 Tornado Cash Developer Placed Under House Arrest 🚨 Tornado Cash developer Alexey Pertsev, convicted of laundering $1.2 billion, will soon be released from prison under house arrest. A Dutch court has suspended his pre-trial detention, allowing him to work on his appeal. Pertsev noted that "this isn’t true freedom, but it’s better than prison." Crypto mixers like Tornado Cash help users maintain privacy by breaking transfers into multiple transactions. While they have legitimate use cases, they are often linked to illicit activities. Following the news, the Tornado Cash (TORN) token surged nearly 40%, currently trading around $12.7. 🚀
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🚨 Could Kraken uncover the mystery of Satoshi Nakamoto? 🚨 Recent research has led to sensational findings about the possible identity of Bitcoin’s creator. Coinbase’s Head of Product, Conor Grogan, analyzed transactions and found a link between an address allegedly belonging to Satoshi Nakamoto and the Canadian crypto exchange Cavirtex. According to him, this could be the first recorded transaction between a "Satoshi address" and a centralized platform. Grogan also suggested that based on new data, Satoshi may have been actively using Bitcoin until 2014. However, experts remain skeptical, arguing that these conclusions rely on speculative interpretations of blockchain data. Some believe Arkham’s research might be a marketing stunt to draw attention to competing crypto exchanges. 🤔🔥
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🔍 SEC restructuring and new regulatory goals for the crypto industry 💰⚖️ The U.S. Securities and Exchange Commission (SEC) is making big moves in crypto regulation. Under acting chairman Mark Uyeda and commissioner Hester Peirce (aka "Crypto Mom" 🏆), the SEC plans to downsize its crypto division and shift its enforcement approach. One major change – new investigations will now require approval from Donald Trump’s administration 🇺🇸, potentially reducing pressure on the crypto market. 📉 According to reports, over 50 SEC staff members involved in crypto enforcement may be reassigned to other departments. Is this a turning point for crypto in the US? 🚀🤔
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Crypto market on the rise: Bitcoin back in the spotlight! After a sharp drop, Bitcoin (BTC) surged $10,000 in just half a day, reaching $102.6K. The recovery came after Donald Trump announced new trade tariffs – which were then postponed. As of 10:50 MSK, Bitcoin was trading around $99K, showing a 5% gain in the past 24 hours. 📈🔥
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📉 Losses of crypto traders are underestimated: the real scale of losses is much larger The head of the exchange Bybit, Ben Zhou, said that analytical services significantly underestimate the volume of liquidations in the crypto market. According to his data, the total volume of forcibly closed positions over the past day could reach $8-10 billion, while data aggregators indicate only $2 billion. The main reason for the inaccurate information is API restrictions on cryptocurrency exchanges, which prevent analytics platforms from receiving complete data on liquidations. Zhou also added that such restrictions can be used by other exchanges as well, leading to underreporting of liquidations. He promised that Bybit will start transmitting all liquidation data in real time to bring more transparency to the market. The market is once again gripped by fear and investors should be cautious
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📈 Cryptocurrency week: Bitcoin under pressure, but there are chances for growth 🚀 From February 3 to 9, experts predict volatility in the bitcoin (BTC) exchange rate, which traded around $99,000 in early February with a 5% drop for the week. The main factors affecting the market are: the US President's statement on OPEC+ and diplomatic disagreements, as well as the impact of new tariffs on imports. Technical analysis shows that for bitcoin's recovery and growth it is important to hold the level of $105,500. If this level is overcome, the exchange rate could rise to $107,250 and further above $110,000. The key events in the coming week will be the publication of business activity indices and employment data, which could significantly affect risk assets. Bitcoin continues to remain in the spotlight despite short-term fluctuations. Investors are hoping for an improvement, especially against the backdrop of positive news and institutional investment
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🌟 Crypto Market Weekly Recap🌟 This week, Bitcoin surged past $105K 🚀, while mining difficulty dropped for the first time since September. Meanwhile, Kazakhstan’s President Kassym-Jomart Tokayev called for urgent expansion of the country's crypto infrastructure, emphasizing the need for proper regulations. AI tokens took a hit, plunging 22% in a day 📉, reportedly due to activity from a Chinese neural network. At the same time, KuCoin agreed to pay a $300M fine and will halt operations in the U.S. for two years. In Europe, ECB President Christine Lagarde reaffirmed that Bitcoin won’t be included in EU central bank reserves due to money laundering risks. On the other side of the world, Russia's Far East discussed allocating electricity for mining ⚡, while Trump announced the launch of a financial division investing in crypto. The crypto space never sleeps! 🌎💰
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🚨 Lagarde Rules Out BTC in EU Central Bank Reserves ECB President Christine Lagarde stated that Bitcoin will not be included in the eurozone’s central bank reserves due to money laundering and illicit activity risks. She emphasized that regulators prioritize stable and liquid assets. Lagarde also responded to the Czech National Bank governor’s comment on possibly buying BTC, stressing that European regulators share a unified stance—crypto is not a reliable reserve asset. 📉 The ECB reiterated that Bitcoin has yet to prove itself as a legitimate financial instrument.
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📈 Bitcoin price surges following Jerome Powell’s speech Bitcoin (BTC) reacted positively to the statements made by Fed Chair Jerome Powell, reaching $105K in the morning. After dropping to $101.5K on January 29 due to the Fed’s decision to keep interest rates at 4.25–4.5%, BTC started climbing again. Powell highlighted that U.S. banks can work with crypto-related clients as long as they manage risks properly. This statement acted as a catalyst for investors, pushing BTC up 2.2% to $105.5K by January 30. 🚀 As a result, Bitcoin’s market dominance increased from 59.39% to 59.66%, with its total market cap rising to $3.69T. The 24-hour trading volume reached $152B. 📊🔥
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🌐 Bitcoin Under Pressure Again: Traders Cut Risks by $1.7B On January 27, Bitcoin dropped below $100K for the first time this year, hitting a low of $98K. This sudden dip triggered a major market reassessment as volatility surged due to macroeconomic uncertainty and upcoming earnings reports from major U.S. tech companies. 🔹 Market Shaken by AI Disruption Analysts at QCP Capital highlight that extreme volatility was also fueled by news from Chinese startup DeepSeek, which unveiled an AI model outperforming its U.S. counterparts. This added an extra layer of uncertainty, with investors bracing for potential market shifts ahead of the Fed rate decision. 🔹 Record Bitcoin Transfers & Derivative Shakeout According to Glassnode, the correction led to 21K BTC ($2.1B) being moved to exchanges—one of the largest spikes in recent history. 🚨 Is this just a shakeout before the next leg up, or are we entering a deeper correction? Let’s see how the market reacts next! ⚡
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📢 Binance Labs venture fund has been rebranded as YZi Labs! 🚀 The former investment arm of the largest crypto exchange will now focus on developing Web3, artificial intelligence, and biotechnology. 🌐🧬 Changpeng Zhao, the former head of Binance, will play an active role in potential investments and mentorship activities. ✨ Ella Zhang, returning from her previous role, will lead the new fund, now positioned as a family investment project. 💰 YZi Labs has an ambitious investment strategy that spans three main areas — Web3, AI, and biotechnology. 🌟 The rebranding came after Binance Labs separated from its parent company in March 2024 to become independent. 🔗 Interestingly, Zhao's fortune is estimated at $69.8 billion, placing him 22nd on Bloomberg's billionaire list. 💎
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🚀 Bitcoin's growth to $700k is possible: the opinion of the head of BlackRock 🌍 At the World Economic Forum in Davos, Larry Fink, CEO of BlackRock, made a bold statement, saying that the value of bitcoin could reach $700k, provided that leading fund managers start allocating at least 2-5% of their assets to buy BTC. According to him, the fear of fiat currencies depreciating could be the catalyst for such growth. Fink believes that bitcoin can serve as an “international tool” to relieve investors of localized economic anxieties. At the same time, he emphasizes that he is not going to actively promote the cryptocurrency.
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🚀 Base Update - January 21, 2025 🚀 Base just revealed its ambitious plans for 2025! Here’s what’s cooking: Target: 25M users, 25K developers, $100B in assets, and 1B transactions by October. No pressure, right? 😅 For Developers: Open tools, AI integrations, and FREE transactions. Yes, FREE. 🙌 For Apps: Building an ecosystem that supports everything from social media to payments. A crypto playground! 🎮 For Assets: Super-fast registration (under 60 seconds!) and rock-solid security. Your crypto, your control. 🔒 For Markets: 25+ stablecoins, seamless global transfers. The future of online economies! 🌍 Expect lightning-fast transactions (under 1 second) and fees so low they might as well be invisible.👻 Base is definitely aiming to be the base of the blockchain world! 😎
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🚨 Elon Musk hinted at the possibility of a pardon for Ross Ulbricht, the creator of Silk Road, by Donald Trump. In a post on social media X, Elon stated, "Ross will also be released." Ulbricht is serving a life sentence for creating the first dark web marketplace, which became known for trading illegal goods. The National Libertarian Party convention in Washington served as a platform for Trump, who once again promised to pardon Ulbricht if re-elected: "He’s already served 11 years, we’ll bring him home." Musk's new comments led to an increase in the likelihood of Ulbricht's pardon on the cryptocurrency platform Polymarket, rising from 50% to 72%.
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I just checked in with @melknee @checkin
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