THORChain in massive $200m debt; pauses network for restructuring votes
On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt....
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Ethereum’s Buterin pushes back on Solana hype, warns against ‘greed-is-good’ mentality
Vitalik Buterin has cautioned against abandoning Ethereum’s chosen path in favor of profit-driven models like those seen in Solana. Ethereum (ETH) co-founder Vitalik Buterin warns that profit-driven models, like those in Solana (SOL), could mess with Ethereum’s principles, stressing how…...
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Dogecoin Price Prepares For Monster Rally In Q1, Here’s The ATH Target
The Dogecoin price has been on a major bullish trend lately, achieving new highs driven by political events and market sentiment. As the top meme coin navigates the volatile market, a crypto analyst projects that DOGE could be gearing up for a monster rally in the first quarter (Q1)...
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RUNE Plunges 30% as THORChain Pauses Bitcoin, Ether Withdrawals
Interblockchain settlements protocol THORChain paused bitcoin (BTC) and ether (ETH) withdrawals on its lending and savers programs to prevent a potential insolvency risk. Network node operators proposed and implemented a 90-day pause in early Asian hours on Friday, to formulate a plan to resolve debts, messages from THORChain’s Telegram...
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Bitcoin ETFs face slowdown as Trump’s crypto executive order falls short on BTC-specific strategic reserve
Inflows into spot Bitcoin ETFs in the U.S. remained sluggish on Jan. 23 as President Donald Trump’s efforts to form a working group on digital assets under an executive order failed to meet market expectations. According to data from SoSoValue,…...
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Binance Founder Changpeng Zhao: US Bitcoin Reserve ‘Pretty Much Confirmed’
Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with...
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TORN Enjoys Uptick After Court Overturns Tornado Cash Sanctions
TORN, the native token of beleaguered crypto mixer Tornado Cash, enjoyed a brief renaissance over the last two days following news that a court had overturned sanctions imposed on the platform by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Initially trading around the $9.50 level on...
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Trump A Man Of His Word, Says Ross Ulbricht After Pardon — Silk Road Creator’s ‘Lots To Talk About’ Remark Fuels Curiosity
Ross Ulbricht, the creator of the illegal drug marketplace Silk Road, expressed gratitude on Thursday after being pardoned by President Donald Trump. What happened: In his first public statement after being granted a full and unconditional pardon, Ulbricht called Trump “a man of his word.” “Thank you so much,...
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How Will Crypto Markets React as $3B in Bitcoin Options Expire Today?
Around 30,000 Bitcoin options contracts will expire on Friday, Jan. 24, and they have a notional value of roughly $3.1 billion. This week’s expiry event is slightly larger than last week’s, but it is unlikely to have any major impact on spot crypto markets, which have calmed following a...
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Bitcoin Demand From Retail Investors Remains Strong At $100K – Key Metrics Reveal
Bitcoin has been navigating a period of massive volatility and uncertainty, leaving the market on edge as price action hints at a significant move on the horizon. After holding above the critical $100,000 level, BTC has demonstrated resilience despite the turbulence. This key psychological and technical support has reinforced...
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