CryptoCurrency
Ledger co-founder released after days in captivity in France: Report
Ledger co-founder David Balland was kidnapped in France and safely released after police intervention. The incident involved a cryptocurrency ransom demand.
CryptoCurrency
Here Аre the Latest Developments
TL;DR
- Pi Network developers have set the Open Network launch condition at 15 million KYC-verified users, with over 9 million already migrated, but some users continue to face verification challenges.
- The project’s popularity remains strong, especially in Asia, with millions of users and a large social media following that surpasses established crypto entities like Ripple.
What’s New?
Pi Network is one of the most controversial and yet most popular cryptocurrency projects. It claims to allow people to mine digital assets directly from their smartphones with minimal energy consumption. Despite being around for almost six years, Pi Network has yet to introduce its native token and open mainnet.
Many community members have been frustrated by the lack of clarity surrounding the exact launch of those developments. However, Pi Network’s team has continuously assured these milestones are on the horizon.
Not long ago, the developers said the first major target was the launch of the Open Network. They said it will go live if 15 million users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period) before the end of this month.
At the beginning of January, Pi Network claimed the project has been making “excellent progress,” with over 9 million successful migrations. Prior to that, the team maintained that 14 million people had completed the verification procedures.
Despite the claimed progress, some users complained they had experienced issues when trying to abide by the rules. To ease their efforts, Pi Network recently advised them to “either spend Pi to update their name or appeal to resubmit their KYC application.”
“Pioneers who have rejected KYC applications due to differences in their Pi account name and their real name in ID documents can now either spend Pi to update their name or appeal to resubmit their KYC application. Complete this action today if needed,” the full guidance reads.
Towards the end of last year, the team issued another advice to struggling users. Specifically, it urged people who can’t complete KYC procedures for some reason to join a dedicated Telegram chat “where there will be mods to answer your questions.”
How Popular is Pi Network?
As mentioned above, the controversy surrounding the project has not stopped it from increasing its popularity in the past few years. Its user base has been particularly on the rise in Asia, in countries like South Korea, China, Vietnam, Japan, Singapore, and others.
Last month, Wu Blockchain revealed that the number of Pi Network users in South Korea reached 1.34 million, which is more than the domestic client base of well-known crypto exchanges like Binance and Coinbase.
Meanwhile, the official X account of the project has more than 3.5 million followers. In comparison, established cryptocurrency entities such as Ripple, for instance, have fewer subscribers.
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TRUMP Token Tops XRP In Trading Volume Despite Sharp Decline
A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet. The trading volume surge by the TRUMP token is more interesting in this scenario of high volatility and uncertainty.
Related Reading
Speculation Fuels TRUMP Token’s Rally
Despite its sharp decline in price (down 16% in the last 24 hours), the TRUMP token managed to outdo XRP in trading volume. The rally in trading activity in TRUMP’s token has piqued the interest of the entire cryptocurrency community, with speculation pointing towards a very strong reaction of traders to the token, probably fueled by its political branding or hype around its speculative nature.
Donald Trump, the 47th president of the United States, launched the meme coin Official Trump (TRUMP), which is based in Solana, over the weekend. Its price immediately reached highs close to $80, indicating that it was a huge success at launch.
At the time of writing, TRUMP was trading at $35.69, with a 24-hour trading volume surpassing XRP’s. In particular, according to CoinMarketCap data, the meme coin has experienced $8.7 billion in trade activity, compared to XRP’s $8.3 billion.
Since its inception on January 17, TRUMP has experienced an incredible $38 billion in trade activity, according to CryptoQuant data released on Wednesday. Notably, big sell-offs as momentum cools are probably the cause of the recent price’s sustained high trading volume.
According to Dexscreener data, sale volume has recently surpassed buy volume.
Meanwhile, XRP keeps growing steadily, while holding the number one spot of the top-ranked digital assets on the market. A short-term jump in trading volumes of the TRUMP token indicated a new shift in interest into tokens that bring more volatility and rewarding trading dynamics.
XRP Standing Strong
Although the TRUMP token managed to take a trading volume lead over XRP temporarily, it’s not easily replaced in the long run because of its years-long presence in the market. XRP, being an old cryptocurrency, has attracted followers and institutional investment and, thus, is relatively stable in the market.
Related Reading
The TRUMP token is, on the other hand, a recently introduced and relatively speculative asset whose trading volume peak may prove transitory and reliant on the whim of speculative traders rather than being based on sustainable investment.
The contrast between the two tokens—one propelled by excitement and the other by solid fundamentals—illuminates the divergent forces at work in the cryptocurrency market. Although XRP may be more resilient, the TRUMP coin is presently experiencing a brief period of excitement and even controversy, which highlights the market’s unpredictable nature and the factors that influence trading activity.
Featured image from Gearbest, chart from TradingView
CryptoCurrency
Absence of Trump Crypto Order Amps Industry Tension as He Fails to Mention in Speech
The crypto industry is desperate to see crypto action from U.S. President Donald Trump, now a few days into his new presidency, but there hasn’t yet been a confirmation from the White House that an executive order is pending.
It’s not entirely off of Trump’s radar, though, because he did mention the crypto industry in his address on Thursday to the World Economic Forum, saying that an increase in domestic oil and gas production will secure U.S. manufacturing dominance and make it “the world capital of artificial intelligence and crypto.”
Still, he spent much more of the speech talking about U.S. AI commitments and didn’t mention digital assets again.
The sector will likely be watching closely at 2:30 p.m. Eastern on Thursday, when Trump is again scheduled to sign executive orders. The White House has already issued an extensive array of such orders. While they don’t carry the weight of law, such directives can steer the federal government’s priorities.
Trump is also scheduled to speak with crypto-friendly El Salvador President Nayib Bukele at 3:30 p.m., news which sparked another rally in Bitcoin’s price.
In other corners of the federal government, the Senate Banking Committee established its first digital assets subcommittee on Thursday, with Wyoming Republican Cynthia Lummis running it alongside other crypto-friendly lawmakers. And the Securities and Exchange Commission, newly led by Republican Mark Uyeda, announced a crypto task force this week.
CryptoCurrency
Donald Trump Did The Right Thing By Freeing Ross Ulbricht
Technically, Donald Trump broke his campaign promise by not freeing Silk Road founder Ross Ulbricht on day one of his presidency. (No, inauguration day is not “day zero.”) But as I explained in my previous Take, I wasn’t expecting a literal first day pardon anyways. Even day two exceeds my expectations. Trump delivered, and I’m very glad he did.
When I first heard about Silk Road in early 2013, I was immediately intrigued by the concept of buying and selling drugs anonymously online. To this day, I think darknet markets are the best intermediary step before the war on drugs is ended: It removes dealers from street corners while providing users some level of quality assurance through a public rating system.
Discovering Silk Road was also how I first learned about Bitcoin. I started writing about the digital currency a few months later, and am still at it today. In a way, I owe my career to Ulbricht.
That Ulbricht was sentenced to spend the rest of his life in prison was a miscarriage of justice in my view. Even if you believe he is guilty of everything he’s been convicted of (all non-violent crimes), over a decade behind bars should be long enough.
To be sure, I don’t believe Trump actually cares about Ulbricht; he could have freed him during his first term if that was the case. And Trump certainly has no intent of ending the war on drugs; if anything, he’s about to escalate it by designating cartels to be terrorist organizations and imposing the death penalty on drug dealers. Trump promised to pardon Ulbricht because that would benefit him politically — but to his credit, he kept his word.
Ross is finally free. Well done President Trump, and everyone else who helped make this happen.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
CryptoCurrency
Lightchain AI- The Secret Token Set to Surpass Shiba Inu and Dogecoin in Market Dominance
Lightchain AI is emerging as the secret weapon in the crypto world, poised to surpass popular tokens like Shiba Inu and Dogecoin in market dominance. Combining cutting-edge AI integration with blockchain technology, Lightchain AI offers unmatched utility and scalability.
Its Lightchain AI Presale has already raised $12 million at $0.00525 per token, showcasing strong investor confidence and a promising future. As Shiba Inu and Dogecoin thrive on community support, Lightchain AI’s revolutionary features position it as the next big player ready to redefine the crypto landscape in 2025.
Shiba Inu and Dogecoin- Popularity vs. Long-Term Potential
Lightchain AI is rising as a top choice for the 2025 market boost due to its focus on common rules, clear sight, and fresh thoughts. Its Common Rules gives token owners the strength to guide how the platform moves forward, making sure choices are fair and open. This clear sight ͏builds trust in group; an key part for lasting success.
The place’s good link makes it easy to join with other networks and setups, making it more adjustable in many places. This skill broadens its appeal and helps the work team.
Lightchain A͏I also cares about apps that work in a spread out way (dApps) by giving a comfy and handy base for their build and run. By making real-world apps with clear links, and open, Lightchain AI sees itself as a leader in blockchain change for the 2025 market boom.
Why Lightchain AI Is Poised to Dominate the Crypto Market
Lightchain AI is set to dominate the crypto market with its innovative vision and strategic roadmap. The journey begins with Prototype Development in November 2024, including rigorous testing of PoI and AIVM in a sandbox environment. The Testnet Rollout follows in January 2025, enabling real-world testing by developers and node operators.
By March 2025, the Mainnet Launch will activate full functionality, while May 2025 sees Ecosystem Growth, with grants and partnerships driving adoption. Global Adoption efforts in June focus on scalability and interoperability, with long-term sustainability initiatives completing the roadmap.
To address risks, Lightchain AI employs advanced mitigation strategies, such as sharding for scalability, differential privacy for data protection, and decentralized governance to prevent power centralization. These innovations ensure resilience and success.
Buy Now to Profit Tomorrow
Lightchain AI’s secret token, LCAI, is set to surpass SHIB and DOGE in market dominance, making it the must-have crypto investment for today. The project has already attracted significant attention from prominent investors and influencers worldwide, with its potential applications extending far beyond the meme-inspired coins of today.
So don’t wait- invest in Lightchain AI now to secure your future tomorrow. With its groundbreaking technology and strategic roadmap, it’s no surprise that LCAI is on track to become a leading force in the cryptocurrency market.
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
Binance Labs rebrands, dives into AI as CZ returns as mentor
Former Binance CEO Changpeng Zhao will actively coach and mentor startups within the incubator.
CryptoCurrency
Labour slammed for ‘mass spying’ on bank accounts as part of benefit fraud clampdown plans
The Labour Government has been accused of introducing “mass bank spying” through new legislation aimed at assisting the Department for Work and Pensions (DWP) cracking down on benefit fraud.
Under the Public Authorities (Fraud, Error & Recovery) Bill, which was introduced in Parliament earlier this week, ministers plan to save £8.6billion over the next five years.
Privacy campaigners have branded the measures “one of the biggest assaults on welfare in a generation” as the bill is set grant the DWP new powers to obtain bank statements from individuals suspected of benefit fraud and require banks to flag potential breaches of eligibility rules.
According to Government figures, the department estimates that benefit fraudsters cheated taxpayers out of £7billion last year.
Big Brother Watch director Silkie Carlo warned the legislation is “turning British welfare into a digital surveillance system” with “unprecedented privacy intrusions”.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
The DWP has been accused of “mass bank spying” by campaigners
GETTY
Under the new legislation, the DWP will have powers to recover money directly from bank accounts of benefit fraudsters who are no longer receiving benefits or in PAYE employment. The department will specifically target those who have the means to pay but have refused to do so.
Officials stress that while they will be able to request bank statements, they will not have direct access to bank accounts. The measures are part of what the DWP calls its “biggest fraud crackdown in a generation”.
Banks and building societies will face new requirements to report potential breaches of benefit eligibility rules. The legislation also grants DWP organised crime investigators new powers to apply for search warrants.
This will allow them to support police in searching premises and seizing evidence such as computers and smartphones. Furthermore, the time limit for civil claims against Covid fraud will be doubled from six to twelve years, giving authorities more time to investigate complex cases.
The DWP is is line to be awarded new powers
Getty
Carlo said: “We must be extremely cautious about the Government creating a second tier justice system reserved for people who rely on welfare that side-steps fair hearings in courts to take away people’s funds and freedoms.”
She warned that elderly, disabled and people on the poverty line could have their lives “destroyed by mistaken punishments” and acknowledged that, while everyone wants genuine fraudsters to face justice, the new powers extend beyond fraud to correcting the government’s “own frequent payment errors”.
“These are totally unprecedented privacy intrusions and punishments that will do more damage to fundamental British values of fairness and justice than to the serious fraudsters,” Carlo added.
Big Brother Watch UK expressed particular concern about the Government’s ability to directly access bank accounts and suspend driving licences. Among the most controversial new powers is the DWP’s ability to apply for driving bans of up to two years for benefit fraudsters.
This penalty would apply to individuals who owe £1,000 or more and repeatedly refuse to repay the money. The driving ban measures will specifically target those who have ignored previous requests from the DWP.
As part of the legislation, a comprehensive framework for banks to identify potential benefit fraud is being rolled out. Financial institutions will be required to report suspicious activity that could indicate breaches of benefit eligibility rules.
LATEST DEVELOPMENTS:
The DWP says this proactive approach aims to prevent debts from accumulating and reduce the need for later repayment demands. New investigative powers will also allow DWP organised crime investigators to work more closely with police.
They will be able to apply for court warrants to search premises and seize electronic devices as evidence against suspected fraudsters. Michael Erhardt, campaigner at Disability Rights UK, criticised the Government’s approach to benefit fraud.
“The problem isn’t the social security budget – it is poor Government direction and underfunding of public services that are leading to more and more people becoming physically and mentally unwell,” he said.
He emphasised that supporting people with health conditions should be a societal priority. “When people are unwell or when they have long-term impairments or health conditions, then we as a decent society should give them the level of benefits that they need to live on,” Erhardt stated.
GB News has contacted the DWP for comment.
CryptoCurrency
What Is 4CHAN Crypto – Coinlabz
4CHAN hit the scene on May 3rd, 2023, aiming to be the latest meme coin sensation with a whopping 10 quadrillion tokens. Thanks to its **viral potential** and some big-name shoutouts, 4CHAN is buzzing in the crypto world.
While not as widely known as some other cryptocurrencies, it has sparked interest due to its unique features and potential for growth.
As with any investment in the cryptocurrency space, it is essential to conduct thorough research and understand the risks involved before diving in.
4chan Crypto’s impact on the digital asset landscape remains to be seen, and investors should approach it with caution and careful consideration.
Key Takeaways
- When evaluating 4chan Crypto, it is essential to assess the associated risks and potential rewards carefully.
- The token presents unique features and active community participation; however, it is important to acknowledge its limited price volatility and relatively low presence on exchanges.
- Investors are advised to approach this investment option with caution and closely monitor the token’s performance before making any decisions.
- Remaining well-informed and maintaining a vigilant stance are essential when navigating the ever-evolving and intricate realm of cryptocurrency.
4CHAN Crypto Features
4CHAN Crypto presents several distinctive features within the cryptocurrency market. These include the ability to onboard new team members, facilitate social interactions, enable event sharing, and offer event moderation tools. The platform also incorporates whitepapers that delve into event sharing capabilities, event specifics, and details on exchanges and markets, enriching user understanding.
The technical strengths of 4CHAN include a rapid and scalable platform, high transaction speeds, minimal block time latency, adaptable blockchain structures, and developer-centric features with robust support resources.
Current price of 4CHAN Token
The current price of the 4CHAN Token is $0,00000000000006661, representing a -96.50% decrease from its all-time high of $0.012338831 reached on July 21, 2023. 4CHAN holds the rank of #1990 in the cryptocurrency market cap.
Despite fluctuations, the current price indicates a level of stability relative to its historical extremes.
This pricing information is valuable for investors and stakeholders to gauge market sentiment and potential future trends. Monitoring the token’s price movements and market cap can offer insights into its performance and position in the cryptocurrency market.
What is the daily trading volume of 4Chan (4CHAN)
The recent market trends for 4CHAN Token have led to a notable increase in the daily trading volume of 4Chan (4CHAN), which now stands at $314,870.21. This surge in trading activity represents a substantial growth compared to the previous day. The 38.70% increase in daily trading volume indicates a heightened interest and participation in the token within the market.
Despite a 7-day price decline of -21.50%, the elevated trading volume suggests a potential shift in market sentiment towards 4CHAN. The token is listed on exchanges such as Uniswap V2, LBank, and DigiFinex, providing users with multiple platforms to actively trade 4CHAN. The current trading volume reflects a dynamic market environment for 4CHAN, offering traders opportunities to engage with its price movements.
Monitoring the trading volume of 4CHAN can offer valuable insights into the token’s market dynamics and community interest as it continues to navigate the cryptocurrency landscape.
What is the all-time high for 4Chan (4CHAN)
The highest price ever reached by 4CHAN was $0,000000000001252 on Jul 21, 2023. Presently, the price is down by -96.50% from this peak but remains 1,422.70% above the lowest recorded value.
What is the all-time low for 4Chan (4CHAN)
4Chan (4CHAN) experienced a significant drop to its lowest price on May 18, 2023. The token hit an all-time low of 0,000000000000005485 on that day.
The data indicates a fluctuating journey for 4Chan (4CHAN), showcasing both highs and lows within a relatively short timeframe. Investors and enthusiasts closely monitor such movements to understand the token’s volatility and potential for future growth.
Evaluating The Future Of 4CHAN Token:
In comparison to its counterparts, the future prospects of 4Chan’s token depend on its ability to reverse the substantial price decline it has undergone and regain competitiveness within the cryptocurrency sphere.
As 4Chan navigates through market obstacles, its focus on maintaining a positive price performance, boosting trading volume, and leveraging its unique characteristics could drive its future success. By capitalizing on its strengths and addressing weaknesses, 4Chan aims to position itself favorably within the competitive cryptocurrency market, attracting more participants to its ecosystem.
Should you invest in 4CHAN
Before deciding to invest in 4CHAN, it’s important to carefully consider the potential risks and rewards associated with the token. Factors such as market volatility, technical advantages, and trading options should be taken into account to determine if 4CHAN aligns with your investment objectives.
Conduct a thorough analysis of the token’s value and market dynamics to make an informed decision about investing in 4CHAN.
Pros of investing in 4CHAN
Investing in 4CHAN presents an opportunity that may appeal to investors due to its current low price and potential for gains. The token has shown a notable increase of 1,422.70% from its all-time low, indicating the possibility of significant returns.
Furthermore, the token benefits from stable liquidity of 80.85 K on Uniswap v2, providing a reliable platform for trading. From a technical perspective, 4CHAN offers a fast and scalable platform with industry-leading transaction speeds and customizable blockchain infrastructures, making it an attractive option for investors seeking to diversify their portfolio with a promising token.
Cons of investing in 4CHAN
Investing in 4CHAN presents significant risks due to its notable price volatility and the potential for substantial losses. The token has experienced drastic price swings, indicating a high level of risk and the possibility of significant financial downturns.
Its relatively low liquidity and trading volume may pose challenges when buying and selling 4CHAN, affecting the ease of transactions. Its underperformance in the global market point to instability and a lack of demand for 4CHAN within the broader cryptocurrency landscape.
The limited market activity and the narrow range of exchanges for 4CHAN could make executing trades and determining accurate prices more challenging. Concerns surrounding the token’s technical capabilities and security features also raise doubts about its underlying technology and potential vulnerabilities.
Where can you buy 4Chan
When considering the purchase of 4CHAN tokens, individuals can access them through various decentralized and centralized exchanges, such as Uniswap V2, LBank, and DigiFinex. These platforms facilitate the trading of 4CHAN tokens efficiently. To interact with 4CHAN further, users can integrate the token into their MetaMask wallet by importing it through the contract address or utilizing platforms like CoinGecko.
Frequently Asked Questions
What Is 4CHAN in Crypto?
4chan is a cryptocurrency project known for its significant volatility. Trading options, and rankings are subjects of interest for investors and analysts. Understanding the dynamics of 4chan can be beneficial for those navigating the crypto space, as it presents unique opportunities and risks.
How Much Is 4CHAN Token Worth?
The current value of 4chan token is $0,00000000000006661, with one active market listed. It includes features such as team member additions, social activity integration, event sharing, and moderation.
How to Buy 4CHAN Coin?
To purchase 4CHAN coin, you can engage in trading activities on established cryptocurrency exchanges such as Uniswap V2, LBank, or DigiFinex.
Conclusion
4chan Crypto has garnered attention within the cryptocurrency community due to its meme-based approach and unique tokenomics. Despite its appeal, the token has experienced significant price volatility, resulting in fluctuations that can present both risks and opportunities for investors.
The platform offers distinctive features such as social integration and event sharing, emphasizing community engagement and participation.
While 4CHAN’s low price and substantial liquidity may suggest potential for significant gains, it’s crucial to approach this investment with caution. The high price volatility and relatively limited market activity make it imperative to conduct thorough research and maintain a vigilant stance.
Investors should consider the token’s technical capabilities, security, and trading platforms when making investment decisions.
The future success of 4CHAN depends on its ability to regain competitiveness and attract a broader audience. Ultimately, investors should weigh the pros and cons, closely monitor the token’s performance, and assess their risk tolerance before investing in 4CHAN.
Other cryptocurrencies to check:
GROK Crypto, Everlodge crypto, TitanX Crypto, Digitoads crypto and Xen Crypto.
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
CryptoCurrency
Binance Labs rebrands to YZi Labs with CZ at the helm
Binance Labs, the venture capital arm and incubator of Binance Holdings, is getting a fresh start as Changpeng Zhao transitions it into a family office.
On Jan. 23, Binance Labs announced its rebranding to YZi Labs and unveiled a new leadership team led by Binance founder and former CEO Changpeng Zhao, known also as CZ.
According to the announcement, CZ will run YZi Labs alongside Ella Zhang, who co-founded Binance Labs in 2018. During her tenure at the VC platform, Zhang oversaw the incubation of multiple crypto projects that have grown into top ecosystems in the market, including Polygon, Injective, Dune Analytics, Certik, and SafePal.
Under its new family office initiative, YZi Labs will expand its focus beyond cryptocurrency and blockchain. The announcement highlighted new areas of investment, including artificial intelligence, web3 and biotechnology.
“Rebranding to YZi Labs is more than a name change—it signifies an expanded vision as we broaden our horizons to include transformative sectors like AI and biotech,” CZ said.
Zhao stepped down as Binance CEO in 2023 after reaching a settlement with U.S. authorities. He also served a four-month prison sentence in the U.S. before returning to the industry following his release from a correctional facility in California on Sept. 27, 2024.
Binance’s decision to sever ties with its VC arm began taking shape after CZ’s release. In a post on X following his incarceration, Zhao stated that he would focus on “impact” investments rather than financial returns. He also announced plans for an educational project called Giggle Academy.
With YZi Labs, CZ plans to refine the venture capital unit’s incubation program, which will include reintroducing residency initiatives for project founders. The firm will also continue to support its existing portfolio of 250 projects.
CryptoCurrency
BTC Faces Massive Volatility Above $100K as Liquidations Surge to $300M
Bitcoin’s price actions were somewhat dull for most of the day, but the asset went on a wild rollercoaster in the past hour or so, pumping and dumping by several grand.
This has caused a lot of pain for over-leveraged traders, with more than 120,000 such market participants getting wrecked in the past 24 hours.
As reported earlier today, the primary cryptocurrency had started to lose traction following the Monday drop, subsequent all-time high, and yet another decline, and stood at $102,000. Its value decreased a bit more as the day progressed and slipped to $101,200.
It recovered some ground to $102,000 but then exploded out of the blue to $106,000 within minutes. This somewhat surprising rally was met by a steep rejection that pushed it south to $102,500 before the bulls sent it to $104,000 as of now.
Perhaps the most evident reason behind this substantial volatility is a cryptic couple of tweets by US Senator from Wyoming – Cynthia Lummis. The long-term BTC supporter, who has actively been pushing for a Bitcoin reserve in the US, used the asset’s logo to say, “₿ig things are coming” at 10 AM (probably EST).
Although that time has passed and there’s no big announcement yet, her comments were seen by almost 4 million people in an hour, which could explain the hype around BTC.
Fox Business’ Eleanor Terrett picked up the post and said that Lummis is likely to be voted in to become the chair of the digital asset subcommittee.
The Senate Banking Committee is set to vote at a 10AM EST markup on @SenLummis becoming chair of the digital assets subcommittee.
Unclear if anything else will be announced. https://t.co/OfTE4WHd7I
— Eleanor Terrett (@EleanorTerrett) January 23, 2025
Data from CoinGlass shows that the total value of liquidations is up to $300 million on a daily scale, with 124,000 traders wrecked within the same timeframe. The biggest liquidated position took place on OKX and was worth almost $6 million.
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