CryptoCurrency
Use Bitcoin Easily And Privately With Cake Wallet
Company Name: Cake Wallet
Founders: Vik Sharma
Date Founded: October 2017
Location of Headquarters: Saint Kitts and Nevis (and staff is remote)
Number of Employees: 14
Website: https://cakewallet.com/
Public or Private? Private
When Vik Sharma isn’t serving as the CEO of Liberty Steel, he’s focused on making bitcoin and other cryptocurrencies easier and more private to use via Cake Wallet.
Sharma believes that a product must be user-friendly if it is to be adopted widely, which is why usability is at the center of the Cake Wallet mission.
“The very broad mission of Cake Wallet is to bring cryptocurrency to the masses, to enable people to easily send, receive, hold, swap, on-ramp, and off-ramp crypto like you would with Venmo or PayPal,” Sharma told Bitcoin Magazine.
The other primary dimension of the Cake Wallet mission is privacy.
Sharma is a staunch believer in the idea of transactional privacy, something he came to value after experiencing just how public bitcoin is by default.
Prioritizing Privacy
Sharma first started acquiring and mining Bitcoin in November 2013. (The ASIC miners he purchased from eBay and ran in the basement of his office building back then were minting him a cool 0.2 bitcoin per day at the time.)
By the mid-2010s, Sharma wanted to do more with his bitcoin than just HODL it. He wanted to use it, and, at that time, it was mostly only illicit online marketplaces that accepted bitcoin.
“Back then, it was hard to find anyone that took bitcoin,” began Sharma. “You had Silk Road, and then AlphaBay and other darknet markets, and I thought, ‘Let me check this out.’”
After attempting to make a purchase on one of those darknet sites, Sharma was promptly notified that he’d crossed a legal line.
“I sent Bitcoin directly from my Coinbase account to the darknet address,” said Sharma.
“And, I kid you not, within seconds, I got an email from Coinbase saying ‘Your account has been suspended or deleted or canceled because you’ve violated some terms of service and you need to move your assets ASAP. I was like, ‘What the heck? How did they find out? There must be millions of addresses out there. Are they tracking millions of addresses?’” he added.
“That woke me up to the transparent nature of Bitcoin.”
Not only did Sharma’s experience using bitcoin in a darknet marketplace enlighten him as to just how public a ledger Bitcoin actually is, but it also introduced him to Monero (XMR).
“There was this other special coin on AlphaBay called Monero, and I thought ‘Why not Litecoin or Ethereum or whatever was big at that time — why only Bitcoin and Monero?’” said Sharma.
It was in pursuing an answer to this question that Sharma went deep down the Monero rabbit hole. His research led him to embracing the concept of transacting privately with cryptocurrency.
And so he created Cake Wallet — a Monero-only wallet at its inception.
Cake Wallet And Silent Payments
Cake Wallet launched in January 2018. Approximately one year later, Sharma added Bitcoin functionality to the wallet, as well.
However, for over five years, Cake Wallet users had little ability to transact privately with bitcoin using Cake Wallet. The wallet didn’t have a Lightning implementation (Lightning offers more privacy than the Bitcoin base chain), nor many other privacy-enhancing features (aside from letting users add or select the node they want to use within the wallet).
If a user wanted to make a private payment, they were better suited using XMR.
But transacting with Bitcoin via Cake Wallet became somewhat more private (though still not as private as using Monero) in September 2024, when Cake wallet became the first bitcoin wallet to implement Silent Payments.
Silent Payments enable users to receive bitcoin payments without revealing their public Bitcoin address. They’re like a P.O. Boxes for public Bitcoin addresses — static addresses that allow users to receive bitcoin without having to reveal their actual Bitcoin address — and they’re great for anyone doing fundraising or accepting payments via a public Bitcoin address.
“When I read about Silent Payments, I liked it right away,” said Sharma. “I wish the Bitcoin community was more enthusiastic about it, because I think it’s a great feature, especially if you’re posting an address publicly, whether for donations or payments.”
Because one of Cake Wallet’s most notable features, Bird Pay, hinges on users posting their address publicly, Silent Payments is a game changer.
Unveiled approximately one year ago, Bird Pay enables Cake Wallet users to send bitcoin (or other crypto assets) to a contact using nothing other than an X handle.
The receiver simply has to add their bitcoin address, which can be a Silent Payments address, to either their bio or a pinned tweet, and Cake Wallet can fetch the information from there.
“CakeWallet will use the Twitter API, pull the address and send the payment to you,” explained Sharma, also noting that this same feature can be used via Nostr or Mastodon.
“There’s a place where you should put your Silent Payments address,” he added.
Cause For Concern
While the Bitcoin and Monero communities have embraced the privacy that Cake Wallet offers, Sharma is concerned that the U.S. federal government could turn out to not be so keen on it.
In an era in which the government is cracking down on privacy-enhancing Bitcoin and crypto services, including Bitcoin Fog, Tornado Cash and Samourai Wallet, it seems difficult for anyone who’s creating such privacy-preserving crypto technology to not think twice about what’s at stake.
“It does worry me — and not because we’re doing anything wrong,” said Sharma. “But something could be twisted or construed to make it seem as if we are doing something wrong.”
As a precautionary measure, Sharma has moved the headquarters of Cake Wallet overseas, from Florida to Nevis and Saint Kitts, something that Roger Ver advised him to do.
He also discusses all updates to Cake Wallet with the company’s general counsel to make sure that Cake Wallet isn’t breaking any laws. While his lawyers have assured him he isn’t, he’s aware that skewed interpretations of laws and legal guidelines could potentially cause problems for Cake Wallet.
“If you dig deep enough into the way the laws are written, they might say, ‘No, you’re a money transmitter business, even though we’re not,’” explained Sharma.
“We’re not touching users’ funds. We don’t have access to them. Even though we built the app, once that app is on the user’s phone, it’s being generated on their phone, not on our servers,” he added.
“But they might come back and say, ‘But it connects to your node initially.’ Who knows? I’m just using that as an example — even though we give the option right up front for users to not connect to our node.”
Staying On Mission
Despite a concerning legal backdrop, Sharma and the Cake Wallet team plan to stay the course and to remain mission-driven, focused on making Bitcoin both easy and private to use.
“We have stuck to our ethos,” said Sharma.
“The team will call each other out like, ‘No, we shouldn’t put this feature in because it violates this privacy or that privacy or could in the future. We have those debates internally all the time,” he added.
And because Sharma has never taken VC money for Cake Wallet, the only people that he and his team have to answer to, aside from themselves, is their users.
“Since we’re not beholden to a VC, investment firm or an angel investor who’s looking for a return, nobody’s on top of us. We’re able to do what our users want, what our community wants.”
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Bitcoin price probably ‘chops’ in $100K–$110K range until FOMC meeting
Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.
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Cardano and XRP investors get in early on new wallet technology
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cardano (ADA) and XRP investors are buzzing about 1Fuel’s wallet technology, looking to get in early.
Cardano (ADA) and Ripple (XRP) are widely known for their blockchain solutions, and achieved more fame when they announced plans to collaborate. But lately, their investors have been more interested in 1Fuel (OFT), especially since its new wallet technology might transform the DeFi landscape.
This DeFi wallet is important to 1Fuel’s ecosystem, offering cross-chain transaction capability and privacy tools. With the 1Fuel presale quickly progressing, there has been a lot of excitement surrounding the public listing.
Cardano and Ripple plan collaborative projects
Recently, the founder of Cardano, Charles Hoskinson, and the CEO of Ripple, Brad Garlinghouse, announced that they have been discussing collaborations. Once this news broke out, the value of the two altcoins increased in a week. Cardano‘s price increased by 1.14% while XRP rose by 20.68%, further attracting investor interest.
This potential collaboration has caused investors to rank ADA and XRP among the best altcoins. With their rising in value, these tokens can be easily managed on wallets like MetaMask and Trust Wallet.
New wallet technology piques widespread interest
1Fuel has emerged with a new wallet technology which is attracting a lot of attention, especially from ADA and XRP whales. This technology is expected to transform the DeFi space, driving 1Fuel’s value as one of the best altcoins.
One of the best parts of this wallet is cross-chain transactions and one-click technology. This is a major advantage over platforms like MetaMask and Trust Wallet, which require multiple wallets and tokens for cross-chain swaps. With only the 1Fuel token, investors can freely send altcoins from one blockchain to another.
1Fuel is also fitted with highly advanced financial tools that make it easy to manage digital assets. These include crypto debit and credit cards, peer-to-peer (P2P) exchange, disposable wallets, and AI-driven features. With all of these, 1Fuel could be a top DEX wallet, especially as it features an inbuilt privacy mixer and cold storage. These are privacy features that are usually lacking in well-known platforms like MetaMask and Trust Wallet.
1Fuel presale sees fast progress
The 1Fuel presale has been moving at an impressive pace, which is a sign of the widespread investor interest and confidence. In just a week, stage 1 achieved 100% completion while stage 2 had a similar progress. Now it is in stage 3 and over 30% complete, selling over 146 million tokens and raising $1.4 million.
Investors can buy the token at $0.017 in stage 3. Analysts predict that 1Fuel could rise by 100x in 2025, and investors are highly anticipating long-term growth.
1Fuel’s launch
Investors are looking forward to 1Fuel’s public listing in Q2 2025. Supported by a robust DeFi ecosystem, 1Fuel could change how digital assets are managed. The exchange technology is offering an edge over widely known blockchain systems like Cardano and Ripple.
To find out more about 1Fuel, visit their website, Telegram, or X.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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2025 Will Be a Year of Self-Custody
An industry-wide debate over crypto institutional adoption and centralized custody risk will trigger a surge of interest in self-custody, OKX’s President Hong Fang said in a recent interview with CoinDesk.
While institutional adoption and the increasing popularity of crypto ETFs are a net positive for the industry, there may be a shift in industry narrative to caution against custody concentration risk, Fang argued. She predicts that most native crypto users will adopt self-custody this year.
On OKX, assets held in its self-custody wallets (almost $50 billion) exceed assets on its centralized exchange ($30.8 billion).
This series is brought to you by Consensus Hong Kong. Come and experience the most influential event in Web3 and Digital Assets, Feb.18-20. Register today and save 15% with the code CoinDesk15.
“The tension between adoption and concentration risk will come under a spotlight,” said Fang, who will be a speaker at Consensus Hong Kong in February. “Against this backdrop, I anticipate more industry campaigns to educate why self-custody is important and how to use it, and more products to make it easier for the masses to use self-custody and alleviate the risks accordingly.”
According to Fang, OKX DEX volume has increased 20 times. But she argues that DEXs and centralized exchanges are complementary.
“The crypto-native audience will want to be able to use CEX for reliability and DEX for catching innovations,” she said. “Such supply-demand dynamics will drive further adoption of DEX to enable innovation while supporting the gradual maturity of the crypto regulatory framework.”
A bitcoin strategic reserve?
A national bitcoin strategic reserve, a policy touted by the new Trump administration, would serve to centralize the leading cryptocurrency. But many in crypto doubt it will actually happen, if bettors on Polymarket are any guide (as of Jan. 22, they were putting the chances of Trump creating such a reserve in the first 100 days of his administration at just 30 percent.)
Fang agrees with this sentiment.
“I personally find it hard to believe that major sovereign countries like the U.S. will officially adopt bitcoin strategic reserve at the federal level at this stage, but it is very possible that smaller sovereign countries or states could,” she said.
But, this being crypto, anything is possible.
Very unexpected events — like a lack of follow through by the Trump administration on its crypto promises — could dampen the bull run quickly, she said. But the biggest risk according to Fang remains over-centralization.
For that risk there’s a vaccine: self-custody. Which, according to OKX, the market is quickly adopting.
CryptoCurrency
Ripple (XRP) Price Will Hit $5 In Q1 Of 2025 If This One Thing Happens. What Is The Latest Remittix News
Ripple’s most recent surge saw its price surge past $3.38, causing speculation as to whether Ripple could surpass the critical $5 mark in Q1 of 2025. Meanwhile, a new contender, Remittix (RTX), has been gaining traction for its advanced PayFi solution. It promises to address the longstanding frustrations of individuals and businesses who need to make global payments on a regular basis, often facing high costs, hidden charges, and lengthy delays. Currently powering through its presale, Remittix is seeing major investment, having raised over $3.85 million in just a few weeks. So what could Remittix achieve in 2025, and will Ripple (XRP) be able to reach $5?
Ripple’s Momentum Stalls At $3.15
Ripple (XRP) has been on a real journey this last week. Between 14th and 16th January it shot up from $2.54 to $3.38 in a short window before plummeting to $3.04. It is now back to $3.15 where it seems to be settling. This price point seems to have stagnated for the short term, but where it might head next is unclear. The market cap for Ripple is now sitting at around $180 billion and its 24 hour trading volume dropped by 8% in the last day. Optimistic holders think the new administration will boost Ripple’s price if Trump’s team shows signs of loosening crypto regulations.
Remittix Ushers in a New Era for Global Payments
Focusing on resolving inefficiencies in the cross-border payments market, Remittix (RTX)taps into the $190 trillion industry with precision. Facilitating the conversion of over 40 cryptocurrencies into fiat, the platform allows users to send funds directly to bank accounts worldwide.
For businesses, the Remittix Pay API is a standout feature, simplifying the integration of crypto payments into existing systems while offering easy and accessible fiat settlement options. Additionally, merchant accounts are tailored for companies managing multiple currencies, supporting over 50 crypto pairs and 30 fiat currencies. This flexibility makes Remittix (RTX) an adaptable solution for diverse financial needs.
Helping bridge the gap in regions with limited access to traditional financial services, Remittix supports individuals and businesses by providing 24/7 access to global payment systems. With low fees and efficient processing times, it is particularly attractive to users in underserved areas, breaking down barriers to participating in the international economy.
Remittix Soars In Presale, Surpassing $4 Million
Central to the Remittix (RTX) ecosystem is the RTX token, intelligently designed for growth with applications in staking, governance, and platform rewards. With a capped supply of 1.5 billion tokens, RTX is rapidly gaining traction among forward-thinking investors.
Currently, priced at $0.0239 in its presale phase, the RTX token has already exceeded $4.6 million raised! Thanks to its compelling value proposition in the lucrative cross-border payments market, analysts project an 800% gain during the presale, with further growth expected as adoption grows. For investors seeking the next major opportunity in PayFi, this is a chance not to be missed.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release 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
Coinbase files to dismiss BiT Global lawsuit over wBTC
The complaint, filed in December 2024, alleged “antitrust injury” from Coinbase over its decision to delist wrapped Bitcoin in favor of promoting its cbBTC product.
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XYZVerse and these 4 altcoins could make millionaires
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XYZVerse and these 4 altcoins could redefine crypto success stories, potentially creating the next wave of millionaires.
Early investors in cryptocurrencies like Ethereum reaped enormous rewards. Now, new digital assets are emerging with the potential for significant growth. This article explores XYZVerse, along with four other promising altcoins that offer a chance to catch the next wave of crypto success, potentially making millionaires.
XYZVerse secures $5.5 million in presale
XYZVerse is transforming the crypto space by fusing the excitement of sports with the charm of meme coins. Tailored for fans of football, basketball, MMA, and esports, this project seeks to bridge the gap between sports enthusiasts and crypto investors in search of the next big opportunity.
While many meme coins falter, XYZVerse sets itself apart with a robust roadmap and a commitment to long-term growth. Already in its presale phase, XYZVerse has attracted significant attention, raising over $5.5 million. This impressive milestone showcases the strong support and enthusiasm of its growing community.
The presale consists of 15 stages, with token prices incrementally rising at each phase. Currently priced at $0.002 in stage 10, XYZ is set to reach $0.1 by the presale’s conclusion, signaling substantial growth potential for early adopters.
XYZVerse aims to become the G.O.A.T. of meme coins, already earning accolades such as the best new meme project.
XYZVerse isn’t just about hype; it’s built on a solid tokenomics foundation designed for sustainability. With 15% allocated for liquidity and 10% reserved for community rewards, including bonuses and airdrops, the project is focused on fostering value. A deflationary burn mechanism will eliminate 17.13% of the total token supply over time, increasing scarcity and potentially boosting token prices.
Security and credibility are at the forefront of XYZVerse’s mission. The team has implemented smart contracts audits and has planned listings on both centralized and decentralized exchanges (CEX and DEX). These measures, combined with a fully vetted team, position XYZVerse as a credible project with a clear roadmap for growth.
Interested investors can be part of XYZVerse’s winning team via presale.
NEAR Protocol
NEAR Protocol’s price has seen modest downshifts recently. Over the past week, NEAR’s price declined by 2.56%. In the last month, the price changed by -5.95%.
Currently, NEAR is trading between $4.75 and $5.83. The 10-day simple moving average is $4.98, slightly below the 100-day average of $5.33. The Relative Strength Index (RSI) stands at 45.25, which suggests that the asset is neither overbought nor oversold. The Stochastic indicator is at 39.92, supporting the RSI’s neutral stance. The MACD level is -0.0677, hinting at slight bearish momentum.
Looking ahead, NEAR faces its nearest resistance at $6.55. Breaking above this level could pave the way toward the second resistance at $8.00. Moving to the first resistance would represent an increase of over 13%.
On the downside, the nearest support is at $3.63, and falling to this level would mean a decline of around 16%. If the price drops further, the second support at $2.18 comes into play. The data suggests that NEAR’s price could either bounce back from current levels or test these support zones in the near future.
Artificial Superintelligence Alliance
Over the past week, the FET token of the Artificial Superintelligence Alliance has declined by 5.29%. In the last month, it fell by 6.58%, and over the past six months, it has decreased by 3.46%. These consistent declines suggest a bearish trend in the market.
FET is currently trading between $1.13 and $1.43. The nearest support level is at $0.96, and a second support is at $0.66. If the price continues to decrease, it may test these support levels. On the upside, the nearest resistance level is at $1.55, with a second resistance at $1.84. Overcoming these resistances could indicate a shift towards a bullish trend.
The Relative Strength Index (RSI) is at 45.40, which is below the neutral 50 mark, suggesting slight bearish sentiment. The Stochastic oscillator is at 46.51, also indicating a neutral to bearish stance. The MACD level is negative at -0.0171, pointing towards bearish momentum. The 10-day Simple Moving Average is $1.16, which is below the 100-day SMA of $1.28, indicating that the short-term price is underperforming compared to the longer-term average.
Ondo
Ondo has shown significant movements. Over the past six months, its price increased by 37.68%. In the last month, however, it declined by 21.51%. This past week saw a recovery with a 2.65% rise. The coin is currently trading between $1.20 and $1.55.
Technical indicators present mixed signals. The Relative Strength Index (RSI) stands at 47.03, suggesting a neutral market. The MACD level is slightly negative at -0.0172, indicating mild bearish momentum. Meanwhile, the Stochastic at 62.63 points toward potential upward movement. The 10-day and 100-day simple moving averages are close at $1.29 and $1.33, indicating consolidation. Based on this data, ONDO’s price might stabilize or see moderate growth in the near term.
Looking ahead, the nearest resistance level is $1.80. If ONDO breaks through this, it could reach the next resistance at $2.26, representing an increase of about 43% from current levels. On the downside, support exists at $0.88 and further at $0.42 if the price dips significantly.
Hedera
Hedera has been performing strongly in recent times. In the past week, its price increased by 4.12%. Over the last month, it rose by 10.15%. Remarkably, in the past six months, HBAR has surged by 207.56%. This significant growth indicates rising interest in the coin.
Currently, HBAR trades between $0.32 and $0.40. It is approaching the nearest resistance level at $0.47. If it breaks through this point, the next target could be the second resistance at $0.62. Reaching this level would represent a substantial increase from the current price. On the downside, the nearest support level is at $0.18, which may provide a safety net if the price dips.
The Relative Strength Index is at 44.99, suggesting HBAR is neither overbought nor oversold. The 10-day Simple Moving Average is at $0.33, slightly below the 100-day average of $0.35. The MACD level sits at -0.0048, indicating slight bearish momentum. However, considering the recent price gains, there’s potential for the upward trend to continue. Traders will be watching these levels closely to see if HBAR can sustain its momentum.
Conclusion
While NEAR, FET, ONDO, and HBAR show promise, XYZVerse uniquely combines sports and meme culture, aiming for 20,000% growth and becoming the G.O.A.T of memecoins.
To find more information about XYZVerse, visit their website, Telegram, or X.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details
The Bitcoin price has shown a bullish pattern that could cause it to rally to between $150,000 and $170,000. Crypto analyst Gert van Lagen revealed how this could happen and what could come next after this price surge.
Bitcoin Price To Rally To As High As $170,000 Following Wave Formation
The Bitcoin price is set to rally to as high as $170,000 following a wave formation. In an X post, Gert van Lagen revealed that Bitcoin had confirmed blow-off wave 5 within the $150,000 and $180,000 range by recently reaching a new all-time high (ATH) of $109,000. Following this development, the analyst stated that the flagship crypto is now aiming to reach between $150,000 and $170,000.
Related Reading
Once the Bitcoin price rallies to between $150,000 and $170,000, Gert Van Lagen predicts that a retracement to as low as $120,000 will follow, with claims of a top. However, the rally to $170,000 won’t mark the cycle top for the flagship crypto as the analyst there will be another parabolic rally to the upside, which will be the wave v to complete the fifth wave.
Gert van Lagen predicts that the Bitcoin price will rally to as high as $300,000 on the last leg of this cycle, which would end the bull market. His accompanying chart showed that BTC could reach this price target by April. This isn’t the first time the analyst has predicted that the flagship crypto could rally to as high as $300,000. He previously highlighted a cup and handle pattern, which put the final ascent for BTC at this price target.
BTC Rally To $158,000 Still In Play
Crypto analyst Titan of Crypto also provided a bullish outlook for the Bitcoin price, stating that the projected rally to the $158,000 target is still in play. This target came about when he highlighted a bullish pennant forming on BTC’s monthly timeframe. The analyst remarked that Bitcoin could catapult to the moon if this bullish pattern plays out.
Related Reading
Meanwhile, in another X post, Titan of Crypto mentioned that the flagship crypto is back to its bullish momentum as it looks “extremely bullish” on the daily chart. This was based on his Ichimoku Cloud analysis, in which he pointed out that the cloud was turning bullish.
Amid these bullish outlooks for the Bitcoin price, crypto analyst Justin Bennett has warned that the flagship crypto could drop to as low as $91,000. He remarked that Bitcoin pumped into Trump’s inauguration, so there is a good chance that the rally fades from here. The analyst added that BTC is range-bound until proven otherwise and that the January 13th lower wick at $91,000 looks primed for a retest.
At the time of writing, the Bitcoin price is trading at around $105,402, up over 3% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
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Trump’s CFTC Pick Clears Top Ranks of Key US Crypto Regulator
U.S. Commodity Futures Trading Commission Chairman Caroline Pham, the Republican commissioner who just took over the agency as President Donald Trump returned to the White House, ushered out many of the agency’s top officials under predecessor Rostin Behnam, the Democrat who’d been appointed by Joe Biden.
The staff changes — with each departure replaced by interim officials appointed by Pham — will have implications on cryptocurrency oversight for the U.S. derivatives regulator that’s poised to play a bigger role in the field.
Notably, Harry Jung, who joined the CFTC in 2023 as a senior policy advisor to Pham, will lead the agency’s engagement with the crypto industry. He’s been tapped for an elevated role as the CFTC’s new acting chief of staff.
Pham announced the departure of an extensive list of senior officials, including the agency’s general council and the heads of its enforcement, public affairs, clearing and risk, market oversight and market participants divisions. Also exiting are the head of the office of international affairs and the department that oversees legislative affairs – a key area for the agency as Congress will be working on a crypto bill that could put the CFTC in a starring role.
“I’m pleased to announce CFTC leadership changes with the beginning of the new administration,” Pham said in a statement. “I am grateful for their combined many decades of faithful service to the CFTC, and I appreciate our talented CFTC staff who will be assuming these roles on an interim basis.”
The new acting general counsel — the agency’s top legal official — and Pham’s chief of staff and public-affairs director were lifted from the ranks of staff from her commissioner office: Meghan Tente, Taylor Foy and Jung, respectively. Running the legislative office will be Nicholas Elliot, who previously advised her on policy.
The stand-in enforcement director will be Briang Young, a former Department of Justice veteran who took over the CFTC’s whistleblower officer last year.
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Price Prediction: Shiba Inu, Pepe And Remittix. Will The Meme Market Come Crashing Down Next Month?
The meme coin market is experiencing significant movements, with Shiba Inu and Pepe gaining attention. However, as speculation and whale activity fuel growth, questions arise about the stability of these meme coins in the coming weeks. As speculation abounds, investors are shifting to an emerging altcoin with real utility: Remittix (RTX). Remittix is fast becoming one of the best investment options this year, reaching $4 million in ICO funding. Find out why experts are betting on Remittix over Shiba Inu and Pepe.
Remittix Begins A New Era for Cross-border Payments
Traditional cross-border payment methods are slow and lack transparency. Transfers can take days or weeks and often involve high conversion rates and hidden fees. These delays and extra costs frustrate individuals and businesses.
Remittix (RTX) offers a solution with its PayFi platform. This platform allows users to convert over 40 cryptocurrencies into fiat and transfer funds worldwide within 24 hours. This innovation eliminates intermediaries, significantly reducing transaction times and fees.
With a flat-fee structure, Remittix ensures complete transparency so users know the exact fees they’re paying. No more surprise deductions—whether sending money to family or handling business transactions abroad, users can now enjoy peace of mind.
Remittix rewards loyal users with its VIP program, which offers staking benefits across various tiers, including up to 18% APY in the highest tier. This added value has made the RTX token a standout coin. RTX trades at $0.0221 and is expected to rise to $0.0228 imminently. Early investors have enjoyed over 50% gains, with more than $4 million raised and over 6,000 holders.
Trump’s Influence Could Push Shiba Inu to New ATH
The excitement around meme coins, especially Shiba Inu, is growing again. This is partly due to Trump’s increasing influence on the crypto market. The 47th President of the U.S. has a positive stance on cryptocurrencies, which could help the market thrive, and Shiba Inu could see significant gains.
The Shiba Inu ecosystem is also seeing significant developments, such as the launch of the WHY combinator. This new tool will support blockchain projects and encourage growth, making the ecosystem more attractive to developers.
Shiba Inu is currently trading at $0.00002075, having increased 1.81% in the past week. The meme coin appears ready for a big surge and might break its $0.000045 yearly high by Q2 2025. Shiba Inu holders are eagerly watching, hoping for a massive price jump.
Analysts believe Trump’s influence could reshape the market and reignite interest in meme coins like Shiba Inu, leading to even better price movement as the year progresses.
Pepe Could See q 10x Increase in Price
Pepe has recently made waves in the crypto market, particularly on January 13th, due to significant whale activity. One whale withdrew 280 billion PEPE tokens, worth around $5 million, from Binance, while another spent $3.72 million to acquire 200.4 billion more. Despite the market’s struggles, the frog-themed token has shown resilience, rising from $0.00001600 on January 14th to approximately $0.00001844.
Some experts believe Pepe could see a 10x increase in a 2025 crypto bull run, as whale activity often indicates strong market confidence. With a staggering 1,400% surge year-to-date, Pepe is now one of the top meme coins, and its listing on Binance Japan boosts its visibility and potential growth.
Remittix Likely to Rally by 800%
At the heart of the Remittix ecosystem is the $RTX token, built for resilience in fluctuating market conditions. With a capped supply of 1.5 billion tokens and a current presale price of $0.0221, Remittix has already raised over $4 million in funding and continues to gain momentum. Experts predict an 800% increase during the presale phase, with even more growth expected after launch as adoption grows.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a sponsored press release 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
House Democrats want ethics probe on Trump over crypto projects
Democrat Representative Gerald Connolly said Donald Trump is unlikely to uphold a “single provision” of the Presidential Ethics Reform Act without intervention.
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