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wilsonorange55

@wilsonorange55

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wilsonorange55
@wilsonorange55
Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.
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wilsonorange55
@wilsonorange55
Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.
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Cryptocurrency investor optimism is palpable ahead of US President-elect Donald Trump’s inauguration on Jan. 20, which is expected to bring more regulatory clarity to the industry.
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Adding to the positive outlook, the bankrupt FTX exchange is preparing to repay over $1.2 billion to its users after Trump’s inauguration, which is seen as a significant liquidity event for the crypto market.
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XRP rose to its highest level since January 2018 as optimism toward emerging crypto regulations overcame concerns raised by the latest legal appeal filed by the SEC.
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The rally came even as the SEC filed an appeal on Jan. 15, challenging a July 2023 ruling by District Judge Analisa Torres that found XRP sales to retail investors did not constitute unregistered securities. The SEC is seeking to have those retail sales classified as such.
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Despite the SEC’s appeal, the market has favored the partial legal victories secured by Ripple Labs in the long-standing case, according to Ryan Lee, chief analyst at Bitget Research.
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These partial legal victories, paired with investor optimism for more crypto regulatory clarity, are the main drivers of XRP’s price rally, the analyst told Cointelegraph.
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FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency exchange’s users.
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FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying users who have been unable to access their funds for over two years.
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Exchange users who are owed up to $50,000 worth of digital assets have until Jan. 20 to fulfill their repayment requirements.
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FTX will likely start repaying claims of up to $50,000 after Jan. 20, according to FTX creditor Sunil, who is part of the largest group of more than 1,500 FTX creditors, the FTX Customer Ad-Hoc Committee.
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The decentralized launch of the Hyperliquid (HYPE) token may usher in a “new era” for onchain fair launch cryptocurrencies following some disappointing token launch events on centralized exchanges.
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After staging the most valuable airdrop in crypto history, the Hyperliquid token came into the spotlight for its decentralized distribution, which excluded venture capital (VC) firms and early investors.
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During an exclusive interview with Cointelegraph at the Emergence Prague 2024 event, Vitali Dervoed, co-founder and CEO of Composability Labs, said:
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@anthony5evans00
Tokens tied to artificial intelligence agents are poised to soar in value to a total market capitalization of as much as $60 billion in 2025, Gracy Chen, CEO of cryptocurrency exchange Bitget, told Cointelegraph.
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Initial use cases for AI agents will include crypto transactions such as trading and wallet management, Chen said. Additionally, crypto exchanges will start launching AI agents to automate operations and improve customer service, she added.
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“The technology is not mature enough for large-scale investments due to the need for human control,” Chen cautioned, adding that investors should “opt for tokens backed by practical solutions [such as] those replacing a programmer or automating tasks.”
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Agentic AI tokens already command roughly $15 billion in total market capitalization and about $875 million in daily trading volume, according to Chen.
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The market capitalization of artificial intelligence agents surged by 222% in the fourth quarter of 2024, rising from $4.8 billion in October to $15.5 billion by December.
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