CryptoCurrency
Ethereum layer 2 SOON raises $22M via NFT sale for mainnet launch
SOON raised $22 million through an NFT sale to celebrate its mainnet launch, aiming for community-driven growth with fair tokenomics and Solana Virtual Machine integration.
CryptoCurrency
Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details
Cardano (ADA) has been a focal point of the crypto market’s volatility, experiencing sharp price swings over the past week, particularly during the weekend. In just a few days, ADA has dropped over 18%, leading to growing fear and uncertainty among investors. This significant decline has shaken confidence in Cardano’s short-term outlook, with many wondering whether the asset can regain its momentum.
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Despite the market turbulence, top analyst Ali Martinez has offered a more optimistic perspective. Sharing a detailed technical analysis, Martinez suggested that Cardano is poised for a significant move upward once it overcomes a critical resistance level at $1.10. According to Martinez, breaking through this resistance could open the door for ADA to rally toward $1.50, marking a substantial recovery from its recent lows.
As investors weigh their options amid the current volatility, Martinez’s analysis provides a glimmer of hope for those looking for a bullish turnaround. With the broader market showing signs of recovery, all eyes are on Cardano’s ability to reclaim key levels and shift market sentiment. The coming days will be crucial for ADA as it attempts to shake off fear and uncertainty and position itself for a potential rally.
Cardano Testing Crucial Demand
As the cryptocurrency market continues to grapple with heightened volatility and uncertainty, Cardano has managed to hold its ground above key demand levels. Despite recent turbulence, ADA’s ability to maintain these crucial levels has kept investors cautiously optimistic about its potential for a significant breakout. The price action indicates mounting bullish pressure, with many market participants eagerly awaiting a decisive move.
Top analyst Ali Martinez recently shared a technical analysis on X, highlighting Cardano’s promising setup. According to Martinez, ADA is poised for a rally to $1.50 if it can overcome the critical resistance level at $1.10. This level has proven to be a significant barrier, but a successful breakout would signal renewed momentum and set the stage for a sustained upward trend. Martinez’s analysis provides a beacon of hope for investors seeking confirmation of ADA’s bullish potential.
However, the outlook is not without risks. If ADA fails to hold its current demand levels, the possibility of a deeper decline looms large. Losing these levels could lead to a wave of selling pressure, testing investor confidence and delaying the anticipated breakout.
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As the market watches closely, Cardano’s next moves will be critical in determining its trajectory. The coming days will reveal whether ADA can capitalize on its resilience and push through resistance or face further consolidation. For now, the balance of risk and reward keeps investors on edge as they anticipate what could be a defining moment for Cardano in the current market cycle.
ADA Price Action: Key Levels To Watch
Cardano (ADA) is currently trading at $1, following an 18% drop from its $1.16 local high set last Friday. The recent decline has raised concerns among investors as ADA hovers near the critical psychological level of $1. Holding this level is crucial for bulls to regain momentum and prevent further downside in the short term.
To reclaim bullish momentum, ADA must not only maintain support at the current levels but also push decisively above the $1.11 resistance in the coming days. Breaking through this level would signal renewed strength and could pave the way for a recovery toward higher targets, boosting investor confidence in the process.
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However, the risk of a deeper correction remains if ADA fails to defend the $1 mark. Losing this key psychological support could trigger a wave of selling pressure, potentially resulting in a drop of up to 15% in the short term. Such a move would likely test lower support zones, challenging Cardano’s recent resilience.
Featured image from Dall-E, chart from TradingView.
CryptoCurrency
TRUMP Coin’s Biggest Critics Are Crypto Industry Insiders
Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court.
The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. Two days after TRUMP’s debut, MELANIA, a coin endorsed by First Lady Melania Trump, entered the market. Unlike its predecessor, MELANIA has struggled, starting around $7 and plummeting below $4 after a briefly peaking at $14.
While both tokens’ volatile trajectories appear to have minted some overnight millionaires, they have also drawn sharp criticism from industry insiders.
The potential for conflicts of interest has been a focal point of the backlash, with critics — including members of the U.S. congress — raising concerns that the token could enable individuals to curry favor with the president.
Anthony Scaramucci, a former White House communications director turned crypto advocate, voiced his apprehensions on X (formerly Twitter): “The most perilous aspect of Trump coin for the nation is what follows. Now, anyone globally can effectively deposit money into the bank account of the President of the United States with just a few clicks. Every favor—be it geopolitical, corporate, or personal—is now openly for sale.”
The decision to launch a memecoin has also sparked broader criticism within the crypto industry. While memecoins have become a prominent use-case for blockchain technology, many developers argue they reinforce a get-rich-quick perception that undermines the sector’s credibility.
Gabor Gurbacs, founder of digital asset firm Pointsville, posted on X: “Trump needs to dismiss his crypto advisors, from top to bottom.”
Nic Carter, a general partner at a crypto investment firm and a vocal Trump supporter, was similarly scathing: “It’s absolutely preposterous that he would do this,” he told Politico. “They’re plumbing new depths of idiocy with the memecoin launch.”
Specific concerns have been raised about the coin’s distribution. 80% of TRUMP tokens are concentrated in a small number of blockchain addresses controlled by CNC Digital, the firm that launched the coin. Such concentration is a hallmark of potential “pump-and-dump” schemes, where insiders inflate a token’s value before selling off their holdings, leaving other investors with losses.
There’s no evidence that Trump’s team plans to “dump” its tokens. Nicolas Vaiman, CEO of blockchain analytics firm Bubblemaps, noted to CoinDesk that the distribution of TRUMP tokens at least matched what was outlined on its official website. Additionally, the insider-held tokens align with prior distributions of Trump’s NFT trading cards, which were also managed by CNC Digital, meaning the tokens may be reserved for the president’s NFT holders.
The same transparency does not apply to MELANIA, however. About 89% of MELANIA tokens are controlled by insiders, according to Bubblemaps. The on-chain supply does not match an official distribution breakdown on the token’s website, which earmarked 35% of tokens for “public distribution” and “community.”
Vaiman said the First Lady’s memecoin has cast a shadow over the original TRUMP coin: “TRUMP could have been a statement from President Trump saying, ‘I endorse crypto,’” Vaiman said. “Melania launching her tokens feels like they just want to make as much money as they can on this, and then forget about it. It gives this a different flavor.”
This is not the first time the crypto community has questioned Trump’s forays into the industry. In August, Trump and his sons launched World Liberty Financial (WLFI), a platform that promised to develop a lending product. The project drew backlash for pre-selling tokens before delivering any tangible value, and critics were quick to point out the involvement of a former dating coach and memecoin promoter on the WLFI team, as well as the allocation of a percentage of presale proceeds directly to a Trump-controlled company.
The conflict-of-interest potential was also immediately apparent. Tron blockchain-founder Justin Sun recently became WLFI’s largest investor, making a $30 million purchase of the project’s tokens. In an X post on Tuesday, Donald Trump Jr. announced that World Liberty Financial would acquire some of Tron’s TRX tokens for its treasury.
In my view, if I have made any money in cryptocurrency, all credit goes to President Trump @realDonaldTrump. Both Trump Coin and World Liberty Financial are bound to perform exceptionally well.
— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025
A Hong Kong-based crypto billionaire, Sun was previously charged with fraud by the Securities and Exchange Commission — a department now under the control of Trump’s White House.
CryptoCurrency
BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries
Larry Fink, CEO of BlackRock, recently speculated that Bitcoin could potentially reach valuations as high as $700,000 per BTC. This projection arises against the backdrop of intensifying concerns about currency debasement and global economic instability, positioning Bitcoin as a hedge against vulnerabilities in traditional financial systems. Fink’s remark was not an outright endorsement but rather a reflection on a recent meeting he had with a sovereign wealth fund. The fund sought advice on whether to allocate 2% or 5% of its investment portfolio to Bitcoin. According to Fink, if institutional adoption continues to grow and similar allocation strategies are embraced broadly, market dynamics could drive Bitcoin to such remarkable heights.
Fink made this striking statement during a recent interview, explaining that Bitcoin’s potential for exponential growth is closely tied to fears of economic downturns and fiat currency devaluation. Fink described Bitcoin as an “international instrument” capable of mitigating localized economic fears.
JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.pic.twitter.com/WOXclAsjDP
— Bitcoin Magazine (@BitcoinMagazine) January 22, 2025
A Message to the Market
With BlackRock managing $11.5 trillion in assets, Fink’s words carry significant weight, sending a clear message to retail and institutional investors alike. His endorsement transcends personal opinion, serving as a market signal about Bitcoin’s potential trajectory. Long heralded as “digital gold,” Bitcoin is seen as a store of value that can protect wealth from inflation and governmental fiscal mismanagement. Fink’s recognition of this narrative could further accelerate its adoption among traditional investors.
Related: From Laser Eyes to Upside-Down Pics: The New Bitcoin Campaign to Flip Gold
A Timely Forecast
Fink’s prediction comes as global economies grapple with soaring inflation, escalating national debts, and geopolitical tensions that threaten currency stability. Bitcoin, with its fixed supply of 21 million coins and decentralized structure, presents an alternative asset class that is immune to the inflationary pressures inherent in fiat currencies. In this climate, its value proposition becomes increasingly compelling.
BLACKROCK IS BACK.
THEY JUST BOUGHT $600 MILLION OF BITCOIN, THEIR LARGEST BUY SO FAR THIS YEAR. pic.twitter.com/QLAm5eaik4
— Arkham (@arkham) January 22, 2025
BlackRock’s Bitcoin ETF: A Signal of Institutional Interest
BlackRock’s deepening involvement in Bitcoin reached a milestone on January 21, 2025, when the firm purchased $662 million worth of Bitcoin for its exchange-traded fund (ETF), their largest daily purchase so far this year.
BlackRock’s iShares Bitcoin Trust (IBIT) surpassed the firm’s iShares Gold Trust (IAU) in net assets in October 2024. This milestone was achieved just months after IBIT’s launch in January 2024, highlighting the rapid growth and increasing investor interest in Bitcoin-focused exchange-traded funds.
A Balanced Perspective
While Fink’s projection is undeniably bullish, it remains contingent on the continuation of current economic trends. If global economic stability improves or innovative financial systems emerge to alleviate fears of currency debasement, Bitcoin’s price trajectory may stabilize at a lower level. Nevertheless, Fink’s high-profile commentary underscores its growing role as a legitimate asset class.
Related: David Bailey Forecasts $1M Bitcoin Price During Trump Presidency
Bitcoin’s Next Chapter
Bitcoin’s evolution from a niche digital experiment to a mainstream financial instrument is accelerating. Fink’s remarks may signal a pivotal moment, not just for Bitcoin, but for its broader acceptance in traditional finance. For investors and enthusiasts, this is more than a vote of confidence—it’s a sign that the integration of Bitcoin into the global financial landscape is not only imminent but already underway.
As the world watches, Bitcoin’s role in redefining finance continues to grow. Fink’s prediction serves as a reminder that Bitcoin is no longer a fringe idea but a crucial player in the future of money.
CryptoCurrency
Can ETH Explode to $8,000 in 2025 Bull Run as Whale Interest in Lightchain AI Surges?
As the cryptocurrency market gears up for a potential 2025 bull run, investors are speculating whether Ethereum (ETH) could reach $8,000, a milestone that would mark a significant leap from its current levels.
Meanwhile, Lightchain AI, a rising star in the altcoin space, is attracting substantial attention from whales, signaling its potential to deliver exponential returns.
Ethereum Backbone of Decentralized Finance
Ethereum acts like the basic stage for uncentralized money, letting people make and do smart deals that help direct money swaps without middlemen.
This spread out design makes sure that things are clear, s͏afe, and easy to get to, letting users take part in things like lending borrowing and trading straight on the blockchain. The start of Ethereum 2.0 or Eth2 marked a big step in the platforms growth. This update tries to fix issues with how much it can grow and use energy helping the network’s speed and lasting power.
As Ethereum 2.0 grows and more upgrades are added, the network is likely to keep its place as a leader in the blockchain world, helping a new time of shared finance, rule, and art.
Lightchain AI Rising Star Whales Are Betting On
While Ethereum continues to dominate the DeFi space, Lightchain AI is making waves as a disruptive force by merging blockchain technology with artificial intelligence.
This innovative platform has already caught the attention of major investors, raising $12 million in its presale with tokens priced at $0.00525.
Lightchain AI stands out with its revolutionary features, integrating AI to enhance real-time data processing and decision-making within decentralized ecosystems. It also tackles scalability issues with high transaction speeds, rivaling networks like Solana, making it an attractive option for developers.
The influx of whale investments underscores confidence in its potential, with some predicting a 100x return by 2025. Lightchain AI is quickly positioning itself as a leader in the next crypto cycle.
Big Picture – Ethereum and Lightchain AI as Power Players
While Ethereum’s established presence, robust ecosystem, and recent upgrades like the transition to proof-of-stake make it a strong candidate for significant growth, Lightchain AI’s cutting-edge technology, focus on AI-driven blockchain solutions, and growing whale interest position it as an exciting contender for outsized gains.
Lightchain AI’s unique approach to integrating artificial intelligence with blockchain has been drawing attention from both retail and institutional investors, signaling its potential to disrupt the market.
Investors seeking diversification in the 2025 bull run could benefit from considering both ETH and Lightchain AI, balancing the proven stability and scalability of Ethereum with the high-growth potential and innovation offered by Lightchain AI. This combination could provide a strategic edge in capturing gains in a rapidly evolving crypto landscape.
https://lightchain.ai/lightchain-whitepaper.pdf
https://t.me/LightchainProtocol
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
CryptoCurrency
BlackRock CEO says BTC can hit $700K amid currency debasement fears
Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.
CryptoCurrency
All you need to know about crypto payouts for your business
What do you need to implement cryptocurrency payouts for your business?
If you wish to implement cryptocurrency payouts for your business, you will need to complete the following steps:
Choose a cryptocurrency: There are many different cryptocurrencies to choose from, each with its own set of pros and cons. It is important to research and compare different options to properly determine which cryptocurrency is best suited for your needs.
Obtain a cryptocurrency wallet – the crypto wallet is a digital tool, that allows you to store, send, and receive cryptocurrency. There are a few different types of wallets available, including software wallets, hardware wallets, and paper wallets.
Set up a payment system – you’ll have to integrate a system for making cryptocurrency payments to your clients or contractors. This may involve accommodating a payment processor or using a separate platform to manage cryptocurrency payments.
Comply with legal requirements – depending on the jurisdiction of the country you are in, there may be specific regulatations that apply to the use of cryptocurrency as a payment method. It is important to be aware of these prerequisistes and to take any necessary steps in ensuring you are in compliance with the law.
Implement security measures – Cryptocurrency is also vulnerable when it comes to hackers, so it is mandatory that you take steps to protect your crypto and provide extra security. This may involve implementing safety measures such as strong passwords, two-factor authentication, and secure way of storage.
Are crypto payouts legal?
In general, it is considered legal to use cryptocurrency as a means of payment, including for paying out employees or partners. However, the legal status of cryptocurrency can vary, depending on the regulations imposed by the government of the country you’re in, and it is important to be aware of any current laws that may apply.
In some cases, there may be specific requirements or restrictions related to the use of cryptocurrency as a form of payment. For example, some countries may demand that you register with a regulatory agency or obtain a license before you can use cryptocurrency for this purpose.
Overall, it is important to be aware of the legal rules that may apply when conducting any cryptocurrency payment, and to seek legal or financial advice, if you have any questions or concerns.
Are crypto payouts subject to taxes?
The tax treatment of cryptocurrency payments, including payments made to employees or contractors, can vary due to the local jurisdiction. In some cases, cryptocurrency payments may be subject to taxes in the same way as payments made in fiat currency.
In the United States, for example, the Internal Revenue Service (IRS) has issued guidance stating that cryptocurrency transactions are taxable by law, and that virtual currency payments made to employees are subject to federal income tax withholding, FICA (Federal Insurance Contributions Act) tax, and Federal Unemployment Tax Act (FUTA) tax.
In other countries, the tax treatment of cryptocurrency payments may be similar or different. It is important to be aware of any relevant tax laws and regulations, and to seek professional advice if you have any questions about the tax treatment of cryptocurrency payments.
Conclusion
Being able to accept digital payments is now easier than ever, because of the easy integration of virtual tools, which are made to take care of the entire payment process. Even if you’re not very well educated about the purpose and use of crypto, you don’t have to break a sweat cramming in all the missed information about it. All you need is a reliable crypto payment gateway provider and crypto assets of your own to make efficient payouts. However, one should never forget to be mindful about the potential legal reprocussions of such activity, which the key to conducting successful crypto payments to both individals or commercial institutions.
Please note that this article is not a financial advise and has only informational purpose.
CryptoCurrency
Trump’s $500b AI project could spark surge in AI tokens: OORT CEO
U.S. President Donald Trump’s announcement of the $500 billion artificial intelligence project Stargate could drive a fresh surge in AI tokens.
That’s according to Dr. Max Li, founder and CEO of OORT, a decentralized cloud computing platform. OORT previously collaborated with BNB Greenfield in March 2024 to enhance the BNB Chain ecosystem.
On Jan. 21, Trump revealed that ChatGPT creator OpenAI, along with Japanese investment firm SoftBank, U.S. tech giant Oracle, and Emirati sovereign wealth fund arm MGX, are partnering to launch the $500 billion AI infrastructure project. The initiative will be based in the United States, with an initial $100 billion in funding already secured.
According to Dr. Li, the Stargate project could significantly influence price trends across the market.
“With AI coins making recent headlines, the Trump administration’s investment in AI infrastructure could directly impact price trends. While we need to exercise caution with AI agents, the immediate beneficiary is AI-based digital asset management such as Ai16z,” Li said in comments shared with crypto.news.
The announcement sparked a rise in the market capitalization of AI tokens and agents. Notable gainers included Artificial Superintelligence Alliance (FET), Virtuals Protocol (VIRTUAL) and ai16z (AI16Z) were among top gainers.
OpenAI co-founder Sam Altman linked Worldcoin (WLD) also experienced a notable spike.
Over the past year, AI tokens have outperformed other digital assets amid developments and news related to artificial intelligence. Companies such as OpenAI and Nvidia have been central to these trends, while the market has also seen growing activity at the intersection of AI and cryptocurrency. AI agents have emerged as one of the latest hot topics.
Li added;
“DeFi’s convergence with AI will also be accelerated, as developers and investors have had their eyes on this area for some time. We can expect a surge in AI projects launching their tokens, followed by a cycle of filtering and reshuffling. Ultimately, only those with real business value and practical use cases will endure.”
CryptoCurrency
CARV Launches D.A.T.A Framework, Giving AI Agents ‘Eyes and Ears’ with On-Chain and Off-Chain Data
[PRESS RELEASE – Santa Clara, California, January 22nd, 2025]
CARV, an AI chain ecosystem enabling data sovereignty at scale, today unveils its D.A.T.A Framework to transform how AI agents interact with both on-chain and off-chain data. The framework converts static information into actionable insights, enabling AI agents to independently analyze, adapt and act with unprecedented clarity and autonomy.
In today’s decentralized landscape, fragmented and inaccessible data limits the potential of artificial general intelligence (AGI). By solving these critical challenges, the D.A.T.A Framework – Data Authentication, Trust, and Attestation – delivers real-time decision-making capabilities while maintaining rigorous privacy and security standards. This advancement redefines how AGI operates within decentralized ecosystems, creating new possibilities for both developers and users.
“AGI needs more than computational power—it needs intelligent data,” said Yukai Tu, CTO of CARV. “The D.A.T.A Framework bridges the gap between raw data and meaningful action, setting a new standard for AI-powered decision-making in decentralized ecosystems.”
The D.A.T.A Framework
The D.A.T.A Framework serves as the eyes and ears for AI agents, providing them with the ability to perceive, interpret, and act on data across decentralized ecosystems. By transforming static data into actionable insights, the framework enables AI agents to make real-time, intelligent decisions while maintaining unmatched privacy and security. It leverages cutting-edge technologies like zero-knowledge proofs, Trusted Execution Environments (TEE), and CARV ID to ensure enriched, context-aware, and privacy-preserved data access.
Key features include:
- Enhanced Metrics and Tags: Identifying whales, traders, and market manipulators with tailored, actionable insights.
- CARV ID Integration: Linking Web2 identities with Web3 behavior for a holistic understanding of users.
- Real-Time On-Chain Insights: Automating actions based on blockchain activities like token transfers and market trends.
- Cross-Chain and Off-Chain Data Integration: Providing comprehensive insights by unifying multiple data sources.
Benefits for Developers and Users
For developers, the D.A.T.A Framework simplifies the creation of smarter, autonomous AI agents with built-in tools for accessing and processing enriched data. Applications range from trading bots that respond instantly to market shifts to gaming AI agents capable of intelligent, personalized interactions.
For users, D.A.T.A enables secure control and monetization of personal data while providing tailored, data-driven experiences. By bridging trust gaps and fostering collaboration, the framework creates an ecosystem where everyone—from businesses to individual users—stands to benefit equitably.
Both of these applications lead to future-forward use cases including:
- Trading and Alerts: Autonomous bots that analyze blockchain activity in real-time, identifying market opportunities and executing trades.
- Gaming Evolution: Intelligent NPCs and companions that learn and adapt, enhancing engagement and replayability.
- DeSci Innovation: Privacy-preserved research collaborations, accelerating breakthroughs in medicine and science.
- Holistic Personalization: AI companions offering emotionally intelligent support tailored to individual needs.
Driving the Evolution of AGI
CARV’s D.A.T.A Framework is more than just a toolset – it’s the foundation for AGI’s collaborative evolution. By enabling AI agents to share insights, learn dynamically, and operate autonomously within decentralized ecosystems, CARV is paving the way for a future where AGI not only interacts with data but truly understands it.
“The launch of D.A.T.A Framework marks a significant leap forward for decentralized AI,” said Victor Yu, COO of CARV. “It’s not just about building smarter AI – it’s about empowering a new era of trust, privacy, and collaboration across industries.”
The D.A.T.A Framework is set to evolve over the coming months with a series of phased enhancements that will expand its capabilities. In the first phase, D.A.T.A. Framework will introduce real-time on-chain activity alerts, autonomous actions such as airdrops and token transfers, and comprehensive cross-chain insights. Then, rolling out in February, the framework will integrate social media data via CARV ID for enhanced user profiling. and enabling a swarm of AI agents to collaborate seamlessly for modular data access. Further development and phases will be announced gradually over the coming months.
The D.A.T.A Framework is now live, inviting AI developers, blockchain innovators, and businesses to explore its capabilities. To learn more and start building, users can visit CARV’s official documentation.
About CARV
CARV is building an AI chain ecosystem to enable data sovereignty at scale. By empowering AI agents with secure, unified infrastructure, CARV enables intelligent, collaborative operations through its SVM Chain, offering trustless consensus, cryptographic proofs, and verifiable execution. With the D.A.T.A Framework, CARV enriches AI with high-quality, on-chain and off-chain data, allowing agents to learn, evolve, and collaborate dynamically. With over 15M users and 8M CARV IDs, CARV ensures privacy and data control while providing AI agents with powerful, cross-chain insights, creating a secure, innovative ecosystem for both AI and human collaboration.
Supported by $50M in funding from top-tier investors like Tribe Capital, HashKey Capital, and Animoca Brands, and backed by a team of veterans from Coinbase, Google, and Binance, CARV is committed to fostering a decentralized future where data is a valuable, user-owned asset.
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CryptoCurrency
Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85
Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.
Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.
With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.
Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.
Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.
Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.
Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.
CryptoCurrency
Trump-Linked Crypto Platform’s $33M Ether (ETH) Transfer Spurs ETF Staking Hopes
Sentiment towards Ethereum’s ether (ETH) has sunk to depressed levels in recent times, but the latest maneuver of President Donald Trump-related crypto platform could spur hope for a reversal.
World Liberty Financial (WLFI), the decentralized finance (DeFi) platform linked to the Trump family, this week deposited a total of 10,000 ether (ETH) worth $33 million to liquid staking platform Lido Finance (LDO) to stake and earn rewards, blockchain data by Arkham Intelligence showed. Lido is the largest ether staking platform with $31 billion of assets posted on the platform.
The transactions came after World Liberty Finance acquired more than $110 million worth of crypto assets including ETH, wrapped bitcoin (wBTC), Tron’s TRX, AAVE, LINK and Ethena’s ENA, as CoinDesk reported.
The maneuver raises hopes that regulators will soon allow staking for spot ETH exchange-traded funds. SEC Commissioner Hester Pierce, who now leads the agency’s crypto task force, said last month in an interview with Coinage that she was open to considering staking for ETFs. Former SEC Chair Gary Gensler, known for his anti-crypto stance in the industry, stepped down on January 20 with Trump entering office.
Staking would boost appeal for the investment products, letting investors earn a steady stream of yield on their holdings and reducing product fees. U.S. spot ETH ETFs combined hold $12 billion of assets, according to SoSoValue data.
The potential regulatory approval also could jolt ETH’s price and adjacent ecosystem tokens like Lido’s LDO. Ethereum’s future has been under the microscope recently, amid sagging prices relative to competitors, leadership disputes and worries over the project’s development roadmap. ETH recently dropped to a 4-year low price against bitcoin (BTC) and ceded market share in trading activity to rapidly growing blockchains like Solana.
“I will never trade ETH again after, but watch how quickly the sentiment changes when the staked ETH ETFs come through in the next few weeks,” well-followed crypto trader Pentoshi said.
“ETH will have a multi-week giga pump at some point in 2025, around staking ETF news… If [you’re] too long ETH, that’s when you dump and switch to better performing assets,” said Alex Krüger, partner at Asgard Markets, in an X post.
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