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Dollar Eyes Worst Week in 18 Months as Tariff Risks Subside

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The dollar is wrapping up its worst week in 18 months as currency traders grapple with lots of tariff talk, with no real action, from President Donald Trump.

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UnitedHealth confirms 190 million Americans affected by Change Healthcare data breach

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UnitedHealth has confirmed the ransomware attack on its Change Healthcare unit last February affected around 190 million people in America — nearly double previous estimates.

The U.S. health insurance giant confirmed the latest number to TechCrunch on Friday after the markets closed.

“Change Healthcare has determined the estimated total number of individuals impacted by the Change Healthcare cyberattack is approximately 190 million,” said Tyler Mason, a spokesperson for UnitedHealth Group in an email to TechCrunch. “The vast majority of those people have already been provided individual or substitute notice. The final number will be confirmed and filed with the Office for Civil Rights at a later date.” 

UnitedHealth’s spokesperson said the company was “not aware of any misuse of individuals’ information as a result of this incident and has not seen electronic medical record databases appear in the data during the analysis.” 

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The February 2024 cyberattack is the largest breach of medical data in U.S. history and caused months of outages across the U.S. healthcare system. Change Healthcare, a health tech giant and UnitedHealth subsidiary, is one of the largest handlers of health, medical data, and patient records; it’s also one of the biggest processors of healthcare claims in the United States.

The data breach resulted in the theft of massive quantities of health and insurance-related information, some of which was published online by the hackers who claimed responsibility for the breach. Change Healthcare subsequently paid at least two ransoms to prevent further publication of the stolen files.

UnitedHealth previously put the number of affected individuals at around 100 million people when the company filed its preliminary analysis with the Office for Civil Rights, the unit under the U.S. Department of Health and Human Services that investigates data breaches.

In its data breach notice, Change Healthcare said that the cybercriminals stole names and addresses, dates of birth, phone numbers, email addresses, and government identity documents, which included Social Security numbers, driver’s license numbers, and passport numbers. The stolen health data also includes diagnoses, medications, test results, imaging, and care and treatment plans, as well as health insurance information. Change said the data also includes financial and banking information found in patient claims.

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The breach was attributed to the ALPHV ransomware gang, a prolific Russian language cybercrime group. According to testimony by UnitedHealth Group’s CEO Andrew Witty to lawmakers last year, the hackers broke into Change’s systems using a stolen account credential, which was not protected with multi-factor authentication.

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Who owns the most XRP? Top XRP holders and ownership distribution explained

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Who owns the most XRP? Top XRP holders and ownership distribution explained

Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged close to 600% in the last 3 months. With such a wild increase, it is important to address the following question: Who owns the most Ripple (XRP)?

You see, a token’s distribution has to be diverse, as concentration means that the majority holder of the token can heavily manipulate the price at any major buy or sell position. Understanding who holds the most XRP can be key for investors to make a long-term buying or selling decision about this popular cryptocurrency. 

In this article, we’ll provide an overview of the number of XRP holders, the token holder distribution, and the possible impacts of this ownership in the future.

Overview of XRP holders

Ripple Labs, the creator of the XRP token, is reported to hold the largest share of the token’s supply, amounting to 46 billion XRP. Also, Chris Larsen, the co-founder of Ripple Labs, reportedly holds 5 billion XRP. Major cryptocurrency exchanges also hold a substantial amount of XRP, with Binance holding 1.83 billion tokens.

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As of January 24, 2025, XRP is trading at approximately $3.16 per token. The cryptocurrency has experienced an intraday high of $3.18 and a low of $3.04. The 24-hour trading volume stands at $8.2 billion, contributing to a market capitalization of around $182 billion.

Who owns the most XRP? - 1

XRP 1D chart | Source: crypto.news

How many people own XRP?

Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to calculate the number of XRP holders. However, it is possible to track the multiple wallet addresses that hold this token. 

According to the latest data collected by Bithomp, there are approximately 6,032,259 active XRP account holders who hold a total of 99,986,575,397 XRP. While these numbers provide an estimate of XRP holders, the actual number may be different, as many users may hold multiple wallets, and some wallets will also belong to many crypto exchanges. 

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Top XRP holders

According to the latest data from Coincarp, 41.04% of the XRP token supply is held by the top 10 wallets. Meanwhile, the top 20 holders own 50.30% of the total supply, and if we talk about the top 50 and top 100, they hold 63.71% and 71.74% of the total supply.

As for centralized crypto exchanges, Upbit is the leader among XRP owners, with 4.37% of the total supply, followed by Binance with 1.31%, Bitbank with 0.58%, and Korbit with 0.12%. 

Distribution of XRP among holders

If we look at the distribution among XRP owners, we can see that wallets in the range of 1 million to 10 million XRP account for 6.42% of the total XRP supply. Following this, wallets between 100,000 to 1 million XRP hold 11.14%, and smaller XRP holders with 1000 to 100000 XRP own 7.53% of the total supply. Meanwhile, holders with 1000 or fewer XRP tokens make up a small percentage of the total XRP token supply, highlighting the dominance of larger accounts in this token.

Ripple Labs and XRP ownership

Founded in 2012, Ripple Labs is the creator of XRP, a company that focuses on real-time payment solutions. Its primary offering is known as RippleNet, a technology used by major institutions for cross-border payments. While Ripple Labs does hold the largest share of XRP tokens, amounting to 46 billion XRP tokens, most of it is locked in escrow with scheduled releases to manage token supply effectively.

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This major ownership does promote the ecosystem’s growth, but it also points to the centralization of the token’s supply, which goes against the core principles of blockchain technology.

The impact of XRP ownership distribution

As mentioned above, a few entities hold a significant portion of the XRP token supply, with the top 20 holders collectively controlling 50.53% of the total supply. While it is common for many cryptocurrencies which are in their early stages to have a concentrated supply among a small number of holders, it is not good in the long run especially when it comes to price stability and market behaviour.

If major holders were to sell off their XRP holdings in a small amount of time it can drastically affect the token’s price, and more importantly, it can dent the project’s reputation forever. It is advisable to do your research before investing in any token and take a look at its tokenomics, total supply, and the convention of token holders as well.

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New AI & Gaming Meme Coin Presale Just Launched

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New AI & Gaming Meme Coin Presale Just Launched

[PRESS RELEASE – New York, United States, January 24th, 2025]

BullFWOG ($BFWOG), a newly launched meme coin, has announced its presale as part of a broader ecosystem incorporating gaming, AI integration, and multimedia initiatives.

BullFWOG Integrates Gaming, AI, and Meme culture

BullFWOG differentiates itself within the meme coin sector by integrating a suite of features currently under development. The BullFWOG ecosystem will include Play-to-Earn (P2E) and Player-vs-Player (PvP) mini-games, an interactive Spin the Wheel feature, and AI-powered functionalities. The gaming component will allow players to use $BFWOG tokens to participate in fast-paced tournaments, head-to-head battles, and other activities with the opportunity to earn rewards and win prizes.

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Presale with Dynamic Pricing to Incentivize Early Participation

The meme coin sector has seen significant activity, with some projects gaining substantial traction due to community engagement and market interest. Early-stage participation in such projects often attracts attention from market participants looking for emerging trends within the cryptocurrency space. BullFWOG ($BFWOG), currently in its presale phase, has adopted a dynamic pricing model where the token price increases periodically. According to the team, this structure incentivizes early participation and is designed to support the token’s ecosystem development. The initial presale price of $BFWOG is set at 0.000020 SOL however it will not remain at this price for long before the first periodic increase. Early participation is advised.

BullFWOG Gaming Ecosystem

BullFWOG will serve as the central character in its gaming ecosystem, which will also feature familiar meme characters. The platform will include a variety of mini-games, where players can potentially earn $BFWOG tokens through gameplay and wager tokens in Player-vs-Player (PvP) battles. The ecosystem will also introduce fast-paced tournaments accommodating up to 1,000 players simultaneously. These tournaments will allow participants to enter with small wagers for a chance to compete for significant prize pools.

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Additionally, players can accumulate $BFWOG tokens to get tickets for the Spin the Wheel feature, which offers opportunities to win rewards, including USDT and BTC prizes. According to the team, early backers participating in the presale will have the opportunity to obtain the first tickets to this feature.

AI Integration

The BullFWOG project plans to integrate artificial intelligence (AI) across multiple aspects of its ecosystem. According to the team, AI will be utilized in game development, chatbots, game dynamics, and user engagement. Additionally, AI-driven automation will be applied to manage social media activity, generating and posting content, such as viral memes, around the clock to enhance project visibility and audience reach.

The team highlights that leveraging AI in this manner aims to streamline marketing efforts, increase efficiency, and drive broader community awareness.

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The Ribbit Song

As part of its broader ecosystem development and marketing efforts, BullFWOG has released an original meme-themed song titled Ribbit. The track and video were developed using AI and is now available on major streaming platforms, including Spotify, Apple Music, YouTube Music, and Deezer. In addition, the team has produced an accompanying music video, which can be viewed on YouTube.

This initiative highlights the project’s focus on multimedia engagement, aiming to enhance its visibility and community connection through creative efforts.

Click here to watch Ribbit on Youtube

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About BullFWOG ($BFWOG)

The mission is to create a decentralised, community driven platform where users can enjoy engaging games, win crypto currency, earn rewards and participate in a thriving ecosystem. $BFWOG aims to be the go-to token for meme enthusiasts and gamers alike, fostering a strong sense of community and belonging with plenty of fun. Its also one of the first memes to have its own AI developed theme tune on all the big streaming platforms.

Users can join the presale here: https://bullfwog.com

X: @thebullfwog

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Telegram: @bullfwogcoin

Website: https://bullfwog.com

Interested users can listen to the song on all major streaming services including:

SpotifyApple MusicAmazon Music and more

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US securities regulator opens door for Wall Street banks to hold crypto

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Wall Street’s securities watchdog has made it easier for banks to expand their cryptocurrency businesses by overturning a Joe Biden administration rule that made it prohibitively expensive to hold digital assets.

In one of the first pro-crypto moves of Donald Trump’s second presidency, the Securities and Exchange Commission late on Thursday reversed guidance known as SAB 121, which had called for institutions to treat digital tokens held for customers as liabilities on balance sheets.

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The shift underscores expectations that Trump will take a far more welcoming approach towards the digital asset sector, undoing the more sceptical stance the SEC took during Biden’s administration.

Mainstream groups are taking more serious interest in crypto assets and technologies, with BlackRock chief Larry Fink this week calling on the SEC to “rapidly approve” the ability of companies to create tokens backed by stocks and bonds.

In a sign of Trump’s more supportive crypto strategy, the president on Thursday had also issued an executive order laying out his priorities regarding cryptocurrencies and calling for cabinet-level officials to report back several months from now with recommendations for regulatory and legislative proposals.

While Trump’s pick to lead the SEC, Paul Atkins, is still awaiting US Senate confirmation, acting chair Mark Uyeda and another Republican commissioner, Hester Peirce, have put the regulator on a more crypto-friendly track, forming a task force and dismantling SAB 121.

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The SEC’s SAB 121 had “created a punitive framework that effectively prevented US banks from offering custody services for bitcoin and other cryptocurrencies”, said Mark Palmer, an equity research analyst at The Benchmark Company. “Traditional banks will now be able to offer crypto custody services without facing de facto penalties.”

Even before the SEC took action, big US banks were eagerly anticipating the ability to court crypto customers as Trump and his allies in the executive and legislative branches smoothed the road for digital assets.

“We do want to have the ability to offer spot crypto, and our expectation is that at some point, the regulations around crypto are going to allow us to do that,” Rick Wurster, chief executive at Charles Schwab, told analysts on a call this week.

The American Bankers Association and other industry lobbyists last year called on Biden to formally disapprove of the SEC guidance after measures to do so passed both houses of Congress in May 2024.

“This is a step in the right direction,” said Kevin Fromer, president of the Financial Services Forum, which represents the biggest banks.

Brian Daly, a lawyer at Akin Gump, noted custody services were “a predicate to everything” for financial institutions when offering crypto services to customers. The old rule “basically made it impossible for all the responsible banks and broker-dealers and financial intermediaries that we rely on to be crypto custodians”, Daly said.

The price of bitcoin rose more than 1.5 per cent on Friday to about $105,800, shy of its all-time high of roughly $109,000.

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Ethereum Price Eyes $4,000 With Rising Channel Pattern

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Ethereum

Este artículo también está disponible en español.

Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle. 

Ethereum Price Eyes $4,000 With This Bullish Pattern

In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it. 

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However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800.

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Ethereum
ETH moving in an ascending channel formation | Source: BasicTrading on Tradingview

BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel. 

However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000. 

ETH To Reach Five Digits In This Bull Run

Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle. 

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Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes. 

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At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $3,386 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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Solana Price Will Hit $100 Again Next Month If This Happens. Why New PayFi Altcoin Is Turning Heads Worldwide

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Solana Price Will Hit $100 Again Next Month If This Happens. Why New PayFi Altcoin Is Turning Heads Worldwide

Solana (SOL) began a wild ride on the 15th January after a subpar performance in the weeks prior. It then shot up by more than 30% of its value before fluctuating its way back down to $244 just a week later where it now sits. This has left some crypto spectators pessimistic, believing the asset is now likely to trend down to $100. Meanwhile, a new PayFi project is showing promise in its presale, having raised over $5.8 million in its presale in record time. Remittix (RTX) is gaining traction as it tackles real world problems, solving inefficiencies in the high-value global payments market. So what key features are drawing DeFi enthusiasts to Remittix and how will Solana (SOL) perform in Q1 of 2025?

Solana (SOL) Price Plummets 6% In 24 Hours

After Solana’s rampage last week, the asset is now facing a harsh corrective price action. It has dropped by 6% in the last 24 hours alone, bringing its net monthly gain down to 26.5%, when it was over 40% previously. However, one glimmer of hope for holders is that Solana’s trading volume has jumped by 9% overnight, suggesting that investors are buying what they see as ‘the dip’. With this most recent loss, Solana’s (SOL) market cap has dropped below the significant $120 billion market cap mark. Solana (SOL) remains under fire for its relatively high level of inflation, as well as a long-term issue whereby network outages have plagued the platform. However, the outage problem has seen some improvements over the last year.

Remittix Sets the Bar High for Global Payments

With Remittix (RTX), banking inefficiencies are being addressed to change the way global payments are handled. Bringing together blockchain transparency and fiat reliability, the platform lets users change over 40 cryptocurrencies into fiat currency and transfer funds to bank accounts worldwide. Remittix offers 24-hour transaction times and flat fees, providing a modern alternative to legacy financial systems.

Created for businesses and individuals alike, Remittix (RTX) offers up the powerful RemittixPay API for easier payments. This tool gives businesses the ability to take payments originating from crypto but settle them in fiat. It supports over 30 fiat currencies and 50 cryptocurrency pairs allowing users to conduct cross border financial operations with unrivaled flexibility.

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One standout feature of Remittix (RTX) is its commitment to financial inclusion. By operating 24/7 and without traditional banking infrastructure, the platform allows underbanked populations access to global financial systems. This fits with the project’s goal of democratizing financial access and reducing inequalities in the global economy.

Remittix Presale Shows Dominance, Surpassing $5.8 Million

As it powers through its presale, the $RTX token is priced at $0.0297 and has already raised over $5.8 million. The token underpins the entire Remittix ecosystem, powering governance, staking and rewards. Analysts predict an 800% surge in value by the presale’s conclusion with the potential for a 5,000% rally post-launch, positioning Remittix as a transformative player in the lucrative PayFi sector.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

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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. 

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Trump’s Cartel Plan Isn’t Smart

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Trump designated Mexico’s criminal cartels as terrorist groups. While largely symbolic for now, the move holds worrying long-term consequences, explains Bloomberg Opinion columnist JP Spinetto. (Source: Bloomberg)

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Technology

Palo Alto firewalls have some worrying serious flaws

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  • Security researchers from Eclypsium find several bugs in multiple Palo Alto Networks firewalls
  • They claim the vulnerabilities are quite severe
  • Palo Alto Networks says if the OS is up to date, and security settings nominal, there is no risk

Security researchers have slammed Palo Alto Networks firewalls, claiming to have discovered severe vulnerabilities which undermine the entire point of the products.

Cybersecurity researchers Eclypsium published a report detailing a host of security flaws impacting Palo Alto Networks’ firewall firmware as well as misconfigured security features.

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MicroStrategy announces debt buyback amid potential tax on BTC gains

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According to data from SaylorTracker, MicroStrategy shares are currently trading at a net asset value (NAV) of 1.86x.

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Marc Benioff says that from now on CEOs will no longer lead all-human workforces—enter the new era of AI coworkers

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The AI agents are here—and they’re taking over more work at the office, reigniting employees’ worst fears. Read More

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