Crypto News Highlights: Crypto Community Reacts to Warren’s Sanction Claims

By Varinder Singh
Published 22 Jan, 2024 | 09:18:05 AM IST Updated 27 Sep, 2024 | 04:33:07 PM IST
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By Varinder Singh
Published January 22, 2024 Updated September 27, 2024

Crypto News Highlights: Terraform Labs (TFL) files for Chapter 11 bankruptcy protection in Delaware. The debtor reports assets between $100-$500 million and liabilities of $100-$500 million. The petition declares that funds will be made available to unsecured creditors. CEO Chris Amani stated that bankruptcy filing will help the company come out of the legal and other setbacks.

The crypto market cap falls nearly 2% to $1.61 trillion amid a broader selling pressure. Bitcoin price pullback to trade near $41,000, down almost 2% with no major change in trading volume in the last 24 hours. Top altcoins Ethereum, Solana, XRP, Cardano, and others tumbled 2-5%. Ethereum price is trading at $2,431, down 2% in the last 24 hours.

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09:15:40 PM IST, 22 January 2024

Crypto News LIVE: Alameda Research Drops Lawsuit Against Grayscale Investments

Alameda Research, affiliated with bankrupt FTX, has withdrawn its lawsuit against Grayscale Investments, originally filed to unlock over $9 billion for shareholders by altering Grayscale trusts.

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10:00:11 PM IST, 22 January 2024

Crypto News LIVE: U.S. Treasury Sanctions Crypto Networks Tied to Hamas

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting networks and facilitators of cryptocurrency transactions linked to Hamas, following the group’s October attacks on Israel. These sanctions, part of a coordinated effort with the UK and Australia, aim to disrupt financial channels, including crypto, used to support Hamas’s terrorist activities.

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09:45:00 PM IST, 22 January 2024

Crypto News LIVE: Grayscale Moves $900M+ Bitcoin to Coinbase in Mega Transfer

Grayscale recently transferred over $900 million in Bitcoin to the Coinbase exchange, marking a significant move in the cryptocurrency market.

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09:30:00 PM IST, 22 January 2024

Crypto News LIVE: Cathie Wood Defends Bitcoin's Decentralization Value

Cathie Wood, known for the $ARKB ETF, counters Wall Street’s fear, uncertainty, and doubt about Bitcoin by highlighting its decentralized nature, citing the involvement of thousands of developers, nodes, miners, and users worldwide. She emphasizes their collective role in bolstering Bitcoin’s value and integrity.

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09:30:08 PM IST, 22 January 2024

Crypto News LIVE: Vanguard Nears BlackRock with Record $8.6T AUM Growth

Vanguard’s assets surged by $1.2 trillion last year, hitting a record $8.6 trillion, closing in on BlackRock’s lead with 86% of its AUM compared to 61% a decade ago. This growth trajectory positions Vanguard to surpass BlackRock as the top asset manager by the decade’s end, with both firms significantly ahead of third-placed Fidelity.

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09:15:25 PM IST, 22 January 2024

Crypto News LIVE: Crypto Community Reacts to Warren's Sanction Claims

Senator Elizabeth Warren received significant community attention for her statement that nations use cryptocurrencies to evade sanctions and threaten national security.

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09:15:10 PM IST, 22 January 2024

Crypto News LIVE: FTX Clears $1B in Grayscale Bitcoin ETF, Eases BTC Pressure

FTX has completed the sale of approximately $1 billion worth of Grayscale’s Bitcoin ETF, which may ease selling pressure on BTC following a unique liquidation event related to its bankruptcy proceedings. This significant sell-off is a key factor in recent Bitcoin price declines.

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09:00:30 PM IST, 22 January 2024

Crypto News LIVE: Fidelity Bitcoin ETF Grows to $1.22B with $216M Inflows

Fidelity’s Bitcoin ETF (FBTC) attracted 5,312 BTC worth $216.3 million in the last 5 hours, bringing its total holdings to 29,907 BTC valued at $1.22 billion. Meanwhile, Bitwise’s Bitcoin ETF (BITB) received 1,352 BTC worth $55.71 million from Flow Traders 2 hours ago, increasing its holdings to 10,152 BTC valued at $412.71 million.

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08:45:15 PM IST, 22 January 2024

Crypto News LIVE: Grayscale Ramps Up Bitcoin ETF Marketing Campaign

Grayscale intensifies its marketing efforts for its Bitcoin ETF, with ads appearing on various media platforms, including posters and television, as competition among spot Bitcoin ETF issuers heats up.

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08:00:30 PM IST, 22 January 2024

Crypto News LIVE: Shiba Inu Community Warned About Fake Airdrops

Shiba Inu’s SHIB army receives a warning from Shibarmy scam alerts about fraudulent NFTs claiming to be airdrops of SHIB and BONE. The community is urged to be cautious, hide such scam NFTs, and avoid connecting wallets to suspicious websites to protect against increasing scams and false information spread across social platforms. Shiba Inu emphasizes that it does not create such groups or accounts.

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07:45:00 PM IST, 22 January 2024

Crypto News LIVE: Michael Novogratz: Bitcoin Accessibility Improves for Boomers

Galaxy Digital CEO Michael Novogratz predicts that despite the potential selling of GBTC, investors will likely transition to other ETFs, making it easier for older generations to invest in Bitcoin. Novogratz believes the current market turbulence will subside, and Bitcoin will see higher prices in six months.

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07:30:10 PM IST, 22 January 2024

Crypto News LIVE: Yassin Mobarak Captures XRP Community's Growing Despair

Yassin Mobarak voices the XRP community’s growing frustration and sense of defeat, highlighting a stark contrast to their united front during the SEC lawsuit. He observes the community’s dwindling hope as XRP lags behind other altcoins, ending with a reflective quote on resilience.

 

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07:15:00 PM IST, 22 January 2024

Crypto News LIVE: Samson Mow Hails Bitcoin at 1000x Better Than Currency

Samson Mow asserts Bitcoin’s superiority over traditional currencies and gold, claiming it’s a 1000x improvement in monetary technology. He believes the concept of diminishing returns is obsolete with Bitcoin’s game-changing impact.

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07:00:01 PM IST, 22 January 2024

Crypto News LIVE: Terraform Labs Ensures Operations Continue During Bankruptcy Process

Terraform Labs (TFL) files for Chapter 11 bankruptcy to sustain operations and address legal challenges in Singapore and the US. The company assures it will meet all financial commitments during the process without extra financing.

 

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06:45:03 PM IST, 22 January 2024

Crypto News LIVE: ETH Drops 4.09% as Foundation Liquidates Assets

Ethereum Foundation sells 700 ETH, stacking $1.68 million in DAI as Ethereum’s price drops 4.09% in 24 hours, sparking community speculation. Web3 firms like Ripple Labs continue to trend with significant internal fund transfers.

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06:30:00 PM IST, 22 January 2024

Crypto News LIVE: Shiba Inu Burn Rate Jumps 543% Amid Price Decline

Shiba Inu‘s burn rate soared by 543% in the last 24 hours, contrasting its 4.5% price drop, as whale transactions spike by 175%, moving 940.41 billion SHIB in high-value trades.

 

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06:14:52 PM IST, 22 January 2024

Crypto News LIVE: Ethereum Foundation Swaps Over $1 Mln ETH For DAI

According to a report, the Ethereum Foundation recently swapped nearly $1.5 million worth of ETH for DAI, a stablecoin, just before the Ethereum price tumbled below $2,400.

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05:57:38 PM IST, 22 January 2024

Crypto News LIVE: Arthur Hayes Foresees Bitcoin Price Below $40K

Bitmex’s co-founder Arthur Hayes anticipates that the Bitcoin price will dump below the $40,000 mark. Moreover, he states that the price may continue to plunge until the U.S. Treasury quarterly refunding announcement comes to light on January 31.

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05:45:24 PM IST, 22 January 2024

Crypto News LIVE: Justin Sun Spotlights The Destruction Of 41 Mln HT Tokens

As per a recent statement issued by TRON founder Justin Sun, all HT tokens held by the Huobi team have been destroyed as a part of the HTX DAO launch plan. HT is the native cryptocurrency of Sun’s HTX exchange. Moreover, the total number of tokens destroyed equals 41 million HT.

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05:04:16 PM IST, 22 January 2024

Crypto News LIVE: Hong Kong's Financial Secretary Shares Key Insights For Upcoming Budget

The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan Mo-po, along with Deputy Secretary Wong Wai-Lun, shared optimism that the upcoming budget may potentially orbit around “zero tax increase, less levy, and increased momentum.” This contrasts with the numerous tax proposals put ahead by the public, sparking speculations within the nation.

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04:48:26 PM IST, 22 January 2024

Crypto News LIVE: Magpie Reveals Integration With EingenLayer, Eyes Ethereum Ecosystem Development

Magpie, a multi-chain yield and veTokenomics boosting services provider, recently announced plans to merge forces with EigenLayer, an Ethereum re-staking protocol.

With this, the projects aim to introduce a SubDAO, Eigenpie, to facilitate liquid restaking services, leveraging the EigenLayer framework.

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04:19:14 PM IST, 22 January 2024

Crypto News LIVE: ZKFair Unveils First Launchpool Project FairStake

ZKFair, a ZK L2 network, recently revealed the launch of its first-ever launchpool project, FairStake, starting January 25 at 11:00, Beijing time. With this, the community aims to offer users a higher APY and increased flexible liquidity while staking their ZKF.

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04:00:27 PM IST, 22 January 2024

Crypto News LIVE: Crypto Market Expert States Bitcoin Slumps As Altcoins Continue Correction

A prominent crypto market expert, Michael van de Poppe, spotlighted Bitcoin’s recent run towards range lows as altcoins continued to correct themselves. Notably, the BTC price currently trades below $41K.

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03:29:23 PM IST, 22 January 2024

Crypto News LIVE: Crypto.com Affirms Terra Luna Classic (LUNC) Delisting

Crypto.com, a renowned cryptocurrency exchange, recently portrayed that the firm plans to delist the LUNC token as of February 15. This aligns with a recent event wherein some Terra community members received emails about the token’s abrupt delisting.

However, no official statement has been released yet.

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03:01:59 PM IST, 22 January 2024

Crypto News LIVE: Solana Memecoin MYRO Soars 20% Amid BitMEX's Listing Announcement

MYRO, a Solana-backed meme coin, noted a 20% surge in its price amid BitMex’s MYROUSDT Perpetual Contract listing announcement. The contract offers users up to 10x leverage when trading on BitMEX.

Furthermore, the crypto trading platform is all set to commence MYROUSDT trading starting tomorrow, January 22, at 04:00 UTC.

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02:38:50 PM IST, 22 January 2024

Crypto News LIVE: Bitcoin Price Now Below $41K

The Bitcoin price is now trading below the $41K mark. Market charts showcase that the price currently rests at $40,874.39, fueling speculations globally.

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02:16:28 PM IST, 22 January 2024

Crypto News LIVE: Trump Eyes Shielding America From CBDC Threat, Gains Backing

Donald Trump recently portrayed a contrasting stance on the use of CBDC in America, citing concerns over threats to the nation’s financial privacy. Intriguingly, House Majority Whip Tom Emmer advocated this sentiment.

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01:58:31 PM IST, 22 January 2024

Crypto News LIVE: Binance Unveils Plans To Burn Noteworthy Amounts Of Binance-pegged Tokens

As per Binance’s recent post on X, the crypto exchange is all set to burn a considerable amount of Binance-pegged tokens across various chains. The similar value of these tokens on their native networks, serving as collateral, will subsequently be released.

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01:45:54 PM IST, 22 January 2024

Crypto News LIVE: Shiba Crypto Community Moves Another 30 Mln SHIB To Dead Wallet

As per the most recent data revealed by Shibburn, another 30.41 million SHIB were transferred to a dead wallet today, January 22. With this, the burn rate is now up 1299.53% in the last 24 hours.

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01:23:48 PM IST, 22 January 2024

Crypto News LIVE: Uranium Finance Exploiter Bridges 2.5 Mln BUSD From BNB Chain To Ethereum

As per on-chain metrics revealed by PeckShieldAlert, the address labeled Uranium Finance Exploiter recently bridged 2.5 million BUSD from BNB Chain to Ethereum. Following this, the Ethereum address garnered 812 ETH and a staggering $505.5K in stablecoin.

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12:59:50 PM IST, 22 January 2024

Crypto News LIVE: ONDO Finance Widens Scope, Eyes Facilitating US Asset Investments in APAC

Ondo Finance, one of the most eminent on-chain finance entities, recently announced plans to broaden its area of functionality, now encompassing the APAC region. With this, the firm primarily hopes to jack up investments in U.S.-based asset classes in a tokenized form.

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12:37:53 PM IST, 22 January 2024

Crypto News LIVE:Coinbase CLO Retorts US GAO's Concerns Over Digital Assets' Evasion Of Sanctions

The Chief Legal Officer at Coinbase, Paul Grewal, recently cracked down on the U.S. GAO’s report on how using cryptocurrencies aids in evading U.S. economic sanctions.

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12:13:59 PM IST, 22 January 2024

Crypto News LIVE: SatoshiVM Team's Wallet On An SAVM Selling Rampage

As per on-chain data hovering over the crypto market, a wallet related to SatoshiVM’s team is selling SAVM. Lookonchain spotlighted the transfer of 420K SAVM from the team’s wallet to another address, 0xfdac. This address further shifted SAVM to 24 new wallet addresses and sold 124,739 SAVM for 504 ETH.

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11:43:56 AM IST, 22 January 2024

Crypto News LIVE: Shiba Inu Burn Rate Jumps 500% As Community Burns 14 Mln SHIB

Shiba Inu, a prominent meme coin, noted a 543% surge in its burn rate today, with over 26.13 million SHIB incinerated over the past 24 hours. As per data surfacing over the crypto horizon, the community transferred a staggering 13.63 million SHIB to a dead wallet, amounting to the lion’s share in today’s incinerated tokens.

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11:19:51 AM IST, 22 January 2024

Crypto News LIVE: Whale Dumps 27 Mln XRP To Bitstamp

The Ripple-backed token jotted down another massive whale transaction today. As per on-chain data, 26.8 million XRP, worth $14.75 million, was transferred to Bitstamp.

 

 

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10:59:56 AM IST, 22 January 2024

Crypto News LIVE: US Bitcoin ETFs Now Hold Nearly 639K BTC

As per recent market data spotlighted by an eminent crypto market analyst, Ali Martinez, the U.S. Bitcoin ETFs now hold 638,900 BTC, worth $27 billion.

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10:39:09 AM IST, 22 January 2024

Crypto News LIVE: Summer Capital Partners Web3Labs & Zetrix To Revolutionize Web3 in Hong Kong

Summer Capital, a prominent venture capital firm, recently merged forces with Zetrix, a leading layer-1 public blockchain platform, and Web3Labs to foster Web3 development in Hong Kong. The partnership falls in line with the country’s recent projection of the Fintech promotion roadmap and aims to facilitate blockchain infrastructure for government-related applications.

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10:15:51 AM IST, 22 January 2024

Crypto News Live: Ethereum Remains In the Key Demand Zone

Crypto analyst Ali Martinez predicts Ethereum (ETH) price at inflection point. ETH price trades within a crucial demand zone, fluctuating between $2,388 and $2,460. According to Martinez, the strength of this support level will determine the trajectory for Ethereum in the near term, but cautions about a potential drop to $2000.

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10:01:08 AM IST, 22 January 2024

Crypto News Live: Ethereum Client Nethermind Validator Issue Hotfix Released

The hotfix for the Nethermind validator issue is released. This fix aims to resolve the consensus issues introduced by Nethermind in its latest version, v1.23.0. Previously, some users stated that the latest version of Nethermind had some unknown problems, which caused the validator to lose proofs and block processing.

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09:12:42 AM IST, 22 January 2024

Crypto News Live: Terraform Labs (TFL) Files For Bankruptcy In US

Terraform Labs files for voluntary chapter 11 bankruptcy protection in Delaware. Chris Amani CEO of Terraform Labs, said “This step protects our ability to continue working with the community on infrastructure, innovative tools and products, and other ecosystem support.”

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09:10:24 AM IST, 22 January 2024

Crypto News Live: Bitcoin Price Moving Towards $40,000

Bitcoin price pullback towards $40,000, paring earlier gains. BTC price trades at $41,093, down 2% in the last 24 hours.

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Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.