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In his speech, US President Donald Trump said that bitcoin prices have hit record highs in a row, calling the phenomenon "The Trump Effect."
Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar. At the same time, falling bond yields, the prospect of further interest rate cuts by the European Central Bank, and concerns about high debt level...
"Given that Ethereum is the only major cryptocurrency [other than Bitcoin] approved as the basis for a spot ETF, it could be a rotation target," Citi analysts said in a report on Monday. Other cryptocurrencies have fared even better, and their share of the overall cryptocurrency market cap is growing. Citibank added that respondents to a recent survey believe that counterfeit products will perform particularly well in 2025...
Ripple President Monica Long said in an interview on Tuesday that an XRP ETF could come to fruition soon, as favorable U.S. cryptocurrency legislation greatly benefits domestic companies. I think we will see more spot ETFs launched in the US this year, and XRP is likely to be the next crypto spot ETF after Bitcoin and Ethereum, Long said. Especially with the change of government, the approval of these applications will accelerate.
In a report on January 7, Multicoin Capital said it expects 2025 to be a "pivotal year" for Web3 as artificial intelligence booms and tokenization sparks an "institutionalization frenzy". The report predicts that as security tokens eventually "take off in a meaningful way," artificial intelligence-operated "zero-employee companies" will...
Musk wrote on X that if dollar inflation is addressed, all other things being equal, the dollar price for buying cryptocurrencies will actually decrease. What matters is the dollar-to-cryptocurrency ratio.
Musk said in a statement that OpenAI was originally an open-source, non-profit company, but now it has become a closed-source, profit-maximizing company.
Microsoft (MSFT. O) said in a blog post Friday that it will spend $80 billion on AI data centers in fiscal year 2025, according to CNBC. Of Microsoft's $80 billion spending, more than half will go to the U.S., wrote Brad Smith, vice chairperson and president of Microsoft, which ends fiscal year 2025 in June.
The Internal Revenue Service (IRS) has argued in a lawsuit that staking cryptocurrencies should create a tax liability immediately upon completion. The IRS has dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process by which new tokens are generated by verifying monetary transactions using existing tokens and computing power. In its response on Dec. 20, the IR...
Binance co-founder Zhao Changpeng said in an X post that while waiting for new headlines, Bitcoin continues to reach new highs.
