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News | Crypto Converter | Crypto Calculators |
Chain Reaction Podcast: Your daily crypto fix in just 10 minutes |
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Short on time? Keep up with crypto's rapid pace in just 10 minutes a day. No need to sift through endless articles—"Chain Reaction" distills the most important updates and insights into quick, digestible episodes. |
Why listen? What's in it for you? |
Relevant updates: Get the latest market trends and impactful events. Fresh perspectives: Gain insights that help you connect the dots. Hear the "why" behind the "what" from our team of seasoned analysts. Efficient format: Stay informed and ready to act with bite-sized episodes that cut through the noise.
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On the radar |
Our latest episode takes a closer look at: |
XRP ETFs and Dubai approval: Exploring market cap predictions and the potential for profit. TRON, Ethereum, and Dogecoin: Analyzing TRON's price at support, Ethereum's dip, and Dogecoin trends. PayPal USD and Fed liquidity: Examining PayPal's market cap drop, the Fed's liquidity surge, and debt ceiling uncertainties. Market trends and assets: AVAX's bearish trend, LINK's bullish signs, and TON's continued growth. Risk assets and crypto gaming: Updates on Bitcoin mining, Laser Digital's ETF predictions, and DOGE's role in gaming.
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How to tune in |
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Start your day smarter—click, listen, and lead the conversation! |
VaultCraft V2 secures $100M+ BTC from Matrixport |
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VaultCraft launches V2 in partnership with Safe, lands $100M+ in Bitcoin |
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Visit VaultCraft |
BlackRock drives Bitcoin ETF inflows, while Ethereum sees investor exodus |
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Key points: |
Bitcoin ETFs see strong inflows, highlighting growing institutional confidence and stability. Ethereum ETFs face outflows, reflecting investor concerns over staking risks and increasing competition.
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News - Investor attention is firmly fixed on crypto-focused ETFs as Bitcoin and Ethereum showcase contrasting fund flow patterns. Bitcoin spot ETFs are witnessing robust inflows, highlighting growing confidence, while Ethereum ETFs face notable outflows, signaling a shift in sentiment. |
Bitcoin ETF vs Ethereum ETF - Bitcoin spot ETFs witnessed significant inflows of $307 million last week. Leading the charge was BlackRock's IBIT ETF, which attracted an impressive $498 million, solidifying its position as a key driver of market activity. However, the trend was not universally positive, as the Ark & 21 Shares ARKB ETF reported net outflows of $202 million, highlighting challenges for certain funds in retaining investor interest. |
On the other hand, Ethereum ETFs faced notable headwinds, recording a net outflow of $186 million reflecting a broader cooling of investor sentiment toward Ethereum. Notably, BlackRock's ETHA ETF managed to break the trend, securing a modest inflow of $124 million, while Fidelity's FETH ETF faced significant outflows of $276 million, amplifying the disparity. |
Outcome in progress - Analysis of Ethereum ETF flows reveals a steady decline since late 2024, potentially influenced by concerns over staking risks, growing competition from other layer-1 networks, and shifts in DeFi dynamics. |
The data suggests that investors are re-evaluating Ethereum's position and long-term outlook in the evolving crypto landscape. Hence, the contrasting trends in Bitcoin and Ethereum ETF flows shed light on the evolving dynamics of the cryptocurrency market. These patterns not only emphasize Bitcoin's rising dominance but also signal the need for Ethereum to adapt and address investor apprehensions. |
Trump administration poised to prioritize crypto policy overhaul on day one |
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Key points: |
Trump's administration plans to address crypto de-banking and bank accounting rules on day one. Marc Andreessen's influence signals potential pro-crypto policies and reduced regulatory hurdles under Trump.
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News - As Donald Trump prepares to return to the White House on 20th January, his administration is expected to swiftly address key regulatory issues, with cryptocurrency policies likely to take center stage. |
According to reports, Trump's initial executive actions could target crypto de-banking practices and overturn existing bank accounting rules that classify digital assets as liabilities. Sources familiar with the matter suggest that these changes are a top priority for the incoming administration. |
The shift in administration - The crypto industry has long criticized the Biden administration for allegedly pressuring banks to sever ties with digital asset firms under what some have termed "Operation ChokePoint 2.0." Central to these concerns is the controversial SEC Staff Accounting Bulletin (SAB 121) from March 2022, which requires banks to classify crypto holdings as liabilities—a policy that has faced significant pushback from industry leaders. |
Thus, as Trump prepares to take office, insiders suggest that crypto-related executive orders could be among his administration's early priorities. Reports indicate that David Sack, Trump's crypto and AI advisor, has already signaled a rollback of contentious Biden-era policies, including the 2023 AI executive order criticized for its focus on equity. With industry officials lobbying for swift action, expectations are high that at least one executive order addressing crypto could be signed on Trump's first day in office. |
Key drivers - Additionally, the influence of important figures like Marc Andreessen underscores the administration's potential direction, particularly regarding technology and cryptocurrency. Andreessen, a prominent venture capitalist and advocate for innovation, has reportedly played a significant role in shaping Trump's team, extending his influence beyond tech leadership to defense and intelligence appointments. |
During his campaign, Trump positioned himself as a champion of the crypto industry, pledging to transform the U.S. into a "crypto capital" with bold initiatives such as a Bitcoin strategic reserve and reduced regulatory hurdles. With Andreessen's involvement and Trump's ambitious promises, the coming administration could mark a pivotal chapter for the crypto sector and the broader tech landscape. |
Landmark ruling: U.S. court sides with Coinbase in fight for crypto-specific rules |
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Key points: |
Court rules against the SEC, demands clearer explanation for rejecting Coinbase's crypto regulation petition. Ripple's legal officer criticizes the SEC's anti-crypto stance as Coinbase celebrates partial victory.
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News - In a significant legal development, the United States Court of Appeals for the Third Circuit has sided with Coinbase in its ongoing lawsuit against the Securities and Exchange Commission (SEC). The court ruled that the SEC's dismissal of Coinbase's request for cryptocurrency-specific regulations was "arbitrary and capricious," demanding that the regulatory body offer a more detailed explanation for its stance. |
The court stands in favor of crypto - On 13th January 2025, the US Third Circuit Court ruled in favor of Coinbase, challenging the SEC's rejection of the exchange's 2022 petition for cryptocurrency-specific regulations. Coinbase had requested clearer rules addressing how digital assets should be evaluated to determine whether they qualify as securities. |
In 2023, the SEC dismissed the petition with a brief, two-page response, prompting Coinbase to turn to the court. The court, led by Judge Thomas L. Ambro, criticized the SEC's response as "arbitrary and capricious," emphasizing the need for a more thorough explanation from the regulatory body. While the court did not mandate new rules, it called on the SEC to offer a clearer rationale for its actions. |
The ruling also raised broader concerns about the SEC's enforcement strategy within the cryptocurrency industry. Judge Stephanos Bibas, in a concurring opinion, pointed to the constitutional implications of the SEC's selective and inconsistent application of rules, particularly toward crypto companies that are making efforts to comply with the law. |
Bibas warned that the SEC's approach could ultimately stifle innovation in the crypto space, affecting the industry as a whole. He urged the agency to adopt a more thoughtful, comprehensive stance on cryptocurrency regulation, rather than relying on enforcement by exception, which he argued could potentially lead to the industry being effectively outlawed. |
Criticism in focus - Stuart Alderoty, Ripple's Chief Legal Officer, celebrated Coinbase's partial victory in its legal battle with the SEC, sharply criticizing the agency's selective enforcement approach under Chairman Gary Gensler. |
In his statement, Alderoty accused Gensler of waging an anti-crypto campaign that aimed to "outlaw" the entire industry, a sentiment echoed by the court's ruling. He hailed the decision as a significant win for the cryptocurrency community, affirming that the court's opinion underscored what the industry had long argued about the SEC's tactics. |
Crypto mining in Russia gains momentum as equipment demand soars 300% |
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Key points: |
Demand for Bitcoin mining equipment in Russia has tripled, signaling broader acceptance of crypto. Despite regional bans, Russia's growing interest in crypto mining shows increasing engagement with digital assets.
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News - Reports from local media reveal that demand for Bitcoin mining equipment in Russia has surged threefold from 2023 to 2024, signaling a shift in the country's stance toward cryptocurrency mining. Once operating in a legal grey area, mining activities in Russia are gradually gaining broader acceptance, despite existing regional bans. |
The increased demand for equipments - As mining output grows, the demand for equipment serves as a concrete measure of this expansion. Sergey Bezdelov, Director of the Industrial Mining Association, explained that individuals can mine crypto without official registration, provided they stay within the 6,000 kWh monthly electricity limit. Exceeding this threshold requires registration as an individual entrepreneur. |
Despite its growing mining sector, Russia's relationship with cryptocurrencies remains complex. While President Putin has acknowledged Bitcoin's potential in key sectors and encouraged other BRICS nations to explore digital assets, the country also faced a temporary mining ban in October due to underdeveloped electrical infrastructure in certain regions. |
Market context: Crypto's resilience - Across Russia, crypto mining has evolved into a promising source of additional income, reflecting a broader societal shift towards growing trust in digital assets. Research indicates that Russia now accounts for up to 26% of the traffic on international crypto exchanges, with Russian users showing a significant presence on platforms like Bybit, HTX, and Bitfinex. |
This surge in participation highlights a clear and quantifiable rise in crypto engagement. While some regions remain restricted, the increasing acceptance at both the grassroots level and among political leadership signals a bright future for the sector. |
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More stories from the crypto ecosystem |
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Interesting facts |
In 1994, computer scientist Nick Szabo introduced smart contracts, 10 years before Bitcoin was introduced. He later conceptualized "Bit Gold" in 1998, a precursor to Bitcoin. Yet, despite persistent rumors linking Szabo to Satoshi Nakamoto, he has consistently denied being the mastermind behind the world's first cryptocurrency. On March 23, 2022, the Ronin Network experienced one of the largest breaches in cryptocurrency history. Hackers stole around $620 million in Ether and USDC. Shockingly, the breach went unnoticed for six days, making it the largest crypto theft by dollar value as of May 2023. Casascius coins, a form of physical Bitcoin introduced by entrepreneur Mike Caldwell in 2011, offered a tangible way to store and display digital assets. These coins featured private keys securely embedded beneath tamper-evident holograms, combining cryptocurrency with a physical collectible. However, in 2013, FinCEN banned the production of such coins, citing regulatory issues related to money transmission laws.
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Top 3 coins of the day |
Ripple (XRP) |
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Key points: |
At press time, XRP reflected an 8.21% hike over the last 24 hours and 5.57% in the past week. It ranked as the top trending cryptocurrency on CoinMarketCap.
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What you should know: |
Ripple's token, XRP, which recently faced bearish trends, has now rebounded with bullish momentum. At the time of writing, XRP was trading at $2.56, reflecting an impressive 8.64% increase in the last 24 hours. The Relative Strength Index (RSI) supports this bullish sentiment, standing above the neutral zone at 61, indicating strong buying momentum. However, the volume indicator reveals a decline in green histogram bars, suggesting a gradual decrease in buyer activity. For XRP to sustain its bullish trajectory, it must break above the resistance level of $2.59, which could pave the way for a potential bull run. On the other hand, a drop below the crucial support level of $2.40 might reverse the current momentum, triggering a bearish move. |
Bitget Token (BGB) |
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Key points: |
At press time, BGB was trading at $6.43, reflecting a 1.65% increase over the last 24 hours. BGB saw a drop of 1.10% in the past week as per CoinMarketCap.
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What you should know: |
As the broader crypto market turned green with bulls taking the lead, Bitget's native token, BGB, experienced a notable bullish uptick. At the time of writing, BGB was trading at $6.43, reflecting a 1.65% increase in the past 24 hours. This upward movement follows a period of bearish pressure, marking a potential shift in market sentiment. The Chaikin Money Flow (CMF) indicator, currently positive at 0.4, suggests ongoing bullish momentum, though its downward trajectory hints at a possible short-lived rally. For a sustained bullish phase, BGB must decisively breach the resistance level at $6.99. Conversely, if the token falls below the crucial support level of $5.98, sellers may regain control, potentially reversing recent gains. |
Dogecoin (DOGE) |
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Key points: |
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What you should know: |
Dogecoin (DOGE) experienced a significant surge in the past 24 hours, rising by 9.01%. At the time of writing, the popular dog-themed memecoin was trading at $0.34, reflecting strong upward momentum. Despite this impressive rally, the Chaikin Money Flow (CMF) indicator has dipped into negative territory, signaling a potential shift toward bearish conditions as sellers begin to dominate the market. This suggests that while buyers have driven the recent price hike, bearish pressure is starting to build. Adding to the uncertainty, the Bollinger Bands are notably widening, highlighting increased market volatility. To sustain bullish momentum, DOGE must break above the $0.36 resistance. However, a drop below the $0.32 support could lead to intensified bearish pressure. Traders should watch these key levels for clarity on DOGE's direction. |
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