Crypto Crafters

[PRESS RELEASE – Victoria, Seychelles, January 16th, 2025]

Recently, despite the pressure due to the appeal of the U.S. Securities and Exchange Commission, XRP has shown strength, with market sentiment reaching new highs. Multiple positive factors have driven XRP’s price to soar, and analysts are optimistic about its prospects, predicting a potential breakthrough of the $5 milestone. In this regard, BYDFi has consistently retained its position as the go-to trading platform for XRP investors, thanks to its robust user base and superior trading matching system.

SEC’s Appeal Fails to Shake Ripple’s Confidence

On January 15, 2025, the SEC formally filed an appeal with the Second Circuit Court to overturn Judge Analisa Torres’ July 2023 ruling. The SEC argues that Ripple’s sale of XRP to retail investors qualifies as an unregistered securities offering. Using the Howey Test, the SEC claims Ripple’s promotional activities created profit expectations, thus constituting an investment contract.

Ripple’s Chief Legal Officer Stuart Alderoty responded:

“As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.”

This legal battle, ongoing since December 2020, remains one of the most closely followed developments in the crypto industry.

XRP’s Technical and Sentiment Synergy Drives a Bullish Outlook

Despite the SEC’s appeal, XRP’s market performance has remained unshaken, exhibiting a strong bullish trend. As of now, XRP is priced at $3.2657, marking a 7-year high. Its 24-hour trading volume has surged to nearly $25 billion, with a total market capitalization of $187.485 billion, surpassing USDT and ranking third globally among cryptocurrencies.

Technical analysis indicates that XRP has broken past key resistance levels, with bulls firmly in control. In a favorable macroeconomic environment, XRP is expected to challenge the $5 target in the near term.

Global Search Trends and Whale Activity Boost XRP Confidence

XRP’s global search popularity has surpassed Bitcoin on Google, reflecting heightened market interest. This suggests investors may be shifting capital from Bitcoin to XRP, further fueling optimism.

Data from analytics firm Santiment shows a continuous increase in whale interest in XRP. Since November 12, addresses holding 1 to 10 million XRP have added 1.4 billion tokens, worth over $3.8 billion. Even during price consolidations following early 2024 highs, whales maintained their accumulation behavior signaling that XRP’s appeal to institutional and large-scale investors is steadily increasing.

XRP’s strong performance is not only attributed to positive legal developments but also its expanding ecosystem. The potential approval of an XRP spot ETF is a core driver of market optimism. According to a JPMorgan report, an approved ETF could attract $4 billion to $8 billion in net new assets.

BYDFi Exchange: The Top Platform for XRP Investors

As XRP continues its upward trajectory, BYDFi stands out as the preferred platform for investors, thanks to its cutting-edge technology and strong user foundation.

• Comprehensive Trading Options: BYDFi offers spot trading, perpetual contracts, and leveraged tokens, providing a flexible trading environment for users.
• Low Fees and Efficient Matching System: Investors highly praise BYDFi for its competitive fees and high-speed matching system.
• Trusted and Reliable: On social media and in professional communities, investors generally view BYDFi as a stable, secure, and efficient trading service, making it the ideal choice for XRP investment.

Michael, Co-Founder of BYDFi, stated:

“In the fast-evolving global crypto market, we remain committed to user-centric innovation. With low fees, high liquidity, innovative trading features, adherence to global compliance standards, and multi-layered security measures, BYDFi provides a world-class trading experience, helping users seize market opportunities.”

Currently, BYDFi is offering a special welcome bonus of up to 8,100 USDT for new users. Visit the official BYDFi website or download the app for more details.

About BYDFi

Founded in 2020, BYDFi is ranked among Forbes’ top 10 global crypto exchanges and trusted by over 1,000,000 of users worldwide. The platform supports over 600 cryptocurrencies for spot trading and offers perpetual contracts with leverage ranging from 1x to 200x, meeting diverse user needs. Strategic partnerships with leading payment providers like Banxa, Transak, and Mercuryo simplify the crypto purchasing process, ensuring low-cost transactions.

ADA is back at $1, but can it stay there?

Key Support levels: $0.90

Key Resistance levels: $1, $1.3

1. Price Consolidates

ADA is currently trying to stay above $1 which proved difficult to date. If it is successful, then buyers will be encouraged to press their advantage and push the price all the way to the key resistance at $1.3. The current price action favors bulls since yesterday.

2. Momentum is Returning

The price has been moving sideways for most of this week, but since Wednesday the bullish momentum has returned. This allowed ADA to go back to $1. While this is encouraging, bulls will have to turn $1 into a key support if they want to challenge the $1.3 resistance.

3. Daily MACD Bullish Again

After some hesitation and flat price action, the MACD did a bullish cross yesterday. This could be the start of a renewed rally that can see ADA both secure $1 as a key support and attempt a breakout above $1.3. The coming days are critical and can decide where this cryptocurrency is headed next.

The crypto market is looking lively again thanks to AI16Z, which shot up over 20% in the last 24 hours.

This jump fits into a broader trend towards meme coins with real utility.

Momentum is also building around Meme Index, a new presale project, after it hit the $2.4 million funding milestone earlier today.

AI16Z Climbs to $1.47 After Rebound From Support Zone

After ten days of volatile trading, AI16Z has finally found its footing, shooting up to $1.47 since yesterday.

It rebounded from support at around $1.25 – making it the top-performing major meme coin this week.

As buyers rush for exposure, spot trading volumes have topped $350 million.

This upswing kicked off after the much-anticipated ElizaOS whitepaper was released.

Things took an even more bullish turn when Gem Insider, a popular crypto influencer, declared that the “bottom is in” for AI16Z.

He believes a return to all-time highs is imminent.

Despite this optimism, some traders believe AI16Z’s latest rally is just a short-term bounce before another sell-off.

Although there’s fresh buzz around the whitepaper, the coin’s fundamentals remain unchanged.

It still relies mainly on speculative buying from retail traders.

So, although AI16Z’s 20% jump is undoubtedly positive for holders, time will tell whether this rally has real legs.

Market Sentiment Shifts as Traders Prepare for Trump Administration

AI16Z’s surge is unfolding in a market that’s finally perking up after a bumpy spell.

Bitcoin and Ethereum are back in the green over the last day, with XRP jumping around 10%.

Much of this optimism hinges on political developments, especially around Donald Trump’s upcoming return to office and how that might impact crypto regulation.

His team is reportedly drafting crypto-friendly executive orders, including changes to specific banking policies that have presented challenges for the industry.

These developments have investors hoping for a crypto-friendly future.

But most coins and tokens are still trading in a tight range – making AI16Z’s breakout all the more eye-catching.

Its ability to withstand market volatility shows the continued demand for creative meme coins, particularly those with real-world applications.

AI16Z stands out as yet another example of how quickly sentiment can impact a coin’s price.

And with some top crypto commentators suggesting a bull run is imminent, AI16Z’s surge might just be the start of something much bigger.

Meme Index Presale Passes $2.4M – Could This Meme Coin Investing Platform Pass AI16Z?

Another meme coin, Meme Index, is also seeing positive momentum.

This project has raised over $2.4 million in presale, and MEMEX tokens are available for $0.0152243 each.

It brings a new approach to meme coin investing, featuring four indexes that track both established and low-cap tokens.

Its goal is to provide investors with a more balanced way to navigate the space.

Perfect timing could be on Meme Index’s side, especially given all the buzz around a potentially pro-crypto Trump administration.

Coupled with the excitement around AI16Z’s rally, it’s easy to see why people are paying attention to the project.

Notably, Meme Index’s utility goes beyond just meme coin indexes.

It also has a staking app for the native MEMEX token that offers above-average annual yields.

This app has already gained significant traction – with over 104 million tokens already locked up.

NASS CRYPTO, a YouTuber with over one million subscribers, released a video about Meme Index last weekend.

He highlighted how it will offer the world’s first decentralized meme coin index.

NASS CRYPTO’s endorsement has had a huge effect on Meme Index’s socials, leading to a surge in membership for the project’s Twitter and Telegram communities.

With all this early interest, MEMEX might follow in AI16Z’s footsteps and is definitely one to keep an eye on.

Visit Meme Index Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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[PRESS RELEASE – Silver Spring, United States, Maryland, January 15th, 2025]

BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced the deployment of its Scaled Validator Implementation Plan, aimed at enhancing revenue generation and operational efficiency within its blockchain operations.

Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool, a decentralized Ethereum-based liquid staking protocol. This evaluation included a thorough assessment of auditability, compliance, cybersecurity, infrastructure integrity, and potential business risks and rewards to ensure a secure and scalable validator implementation. As part of this comprehensive review, BTCS completed a pilot program and has now expanded to 320 validators participating in Rocket Pool’s liquid staking pool, marking a significant step in expanding the company’s validator node operations.

Potential Revenue Impact

BTCS team believes that the expanded vertically integrated validator strategy could lead to a revenue increase of up to 10%. This initiative is designed to optimize the number of active validators and improve gross margins, aligning with BTCS’s broader growth strategy.

Commitment to Diversification and Growth

BTCS plans to broaden its validator partnerships and diversify its technology providers to support long-term, scalable revenue growth.

“This initiative represents a pivotal step toward our goal of scaling blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures we prioritize security, compliance, and performance at every stage. This initiative underscores our dedication to enhancing our operations while delivering value to our shareholders.”

About BTCS

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves.

Users can explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

Forward-Looking Statements:

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our ability to increase validator revenue by 10% and improve margins, increase total revenue, and deliver value to our shareholders.  Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with Builder+, unexpected issues with ChainQ, and the reluctance of validators to try or utilize our Builder+ product, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023 which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

The search for the next big thing in crypto is now on. While household names like Bitcoin and Ethereum get all the attention, some up-and-comers are starting to turn heads.

From AI cryptos to the ever-popular meme coins, 2025 is shaping up to be another year of giant moves in the market. Let’s take a closer look at five tokens and where they could go in the next 12 months.

1. Hive AI (BUZZ)

Hive AI (BUZZ) combines two of the hottest trends in crypto: artificial intelligence and blockchain technology. Built on Solana, the project uses on-chain AI agents to simplify complex DeFi tasks – giving everyday traders access to advanced strategies.

Since launching, the native BUZZ token has hit a market cap of over $73 million. The token also reached an all-time high of $0.080 earlier today and is currently top of CoinMarketCap’s trending cryptos list.

BUZZ is now available on several top CEXs, including Gate.io and Bitget. Given all the excitement around AI agent cryptos, there’s every chance that even bigger CEXs (like Binance) could be next to list BUZZ.

Right now, BUZZ is hovering around $0.072. Given its low market cap and growing online hype, it could rise to around $0.30 by mid-2025.

2. Wall Street Pepe (WEPE)

Wall Street Pepe (WEPE) has become one of the most talked-about cryptos of early 2025. The project has raised over $47 million in presale so far, offering its native WEPE token for just $0.00036647.

Unlike the typical meme coin, Wall Street Pepe offers real utility. It gives everyday traders access to market tools and real-time signals. Its staking program, offering market-beating yields, has already attracted over 30 billion WEPE tokens – despite the presale still being live.

Popular crypto analyst ClayBro sees big potential for this new meme coin. Last week, he released a video claiming WEPE’s price could explode after it hits exchanges.

Wall Street Pepe seems on the right track with a Coinsult audit already completed and an ambitious vision outlined in its whitepaper. That’s why many believe 2025 might be a breakout year for this trending frog coin.

3. Movement (MOVE)

Movement (MOVE) is introducing the first Move-EVM solution for Ethereum. By combining the security-focused Move programming language (initially developed by Meta) with Ethereum’s ecosystem, Movement aims to tackle the “blockchain trilemma” in a unique way.

The project has already attracted considerable attention, raising $38 million in Series A funding led by Polychain Capital. A $100 million Series B round is also in the works.

With its eye-catching tech stack, strong institutional backing, and growing developer interest, many MOVE holders see huge potential for 2025. There’s every chance MOVE’s price could rise to between $2 and $3 if Movement’s adoption continues to ramp up.

4. Solaxy (SOLX)

Solaxy (SOLX) is taking a fresh approach to solving Solana’s congestion issues. This Layer-2 scaling solution, announced in December, has already raised over $10 million in presale funding – and its momentum isn’t slowing down.

Most of the excitement surrounds Solaxy’s plans to make Solana faster and cheaper. The developers are building a scaling solution that will bundle transactions off-chain and send them back to Solana for confirmation.

The team at 99Bitcoins believes this could be huge for the Solana ecosystem. They even think that SOLX, Solaxy’s native token, could pump once it’s available on the open market.

To ensure transparency, Coinsult has also audited Solaxy’s smart contracts. Combine that with the team’s plan to construct a bridge between Solana and Ethereum, and there’s a case to be made that SOLX could be one of the year’s projects to keep an eye on.

5. Mantle (MNT)

Mantle (MNT) has become one of Ethereum’s standout Layer-2 solutions. With over 100 active DApps and $446 million in total value locked, the project is beginning to make a sizable impact.

Built on a modular architecture powered by EigenLayer technology, Mantle combines security, scalability, and super-low fees – everything developers are looking for. Recent partnerships with Nansen and Web3 incubator Pivot have helped boost Mantle’s growth.

New DApps are rolling out regularly, which is excellent news for the Mantle ecosystem as a whole. With the native MNT token currently trading for $1.11, a potential climb to $4 by late 2025 isn’t outside the realms of possibility.

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

[PRESS RELEASE – New York City, United States, January 14th, 2025]

Purple Bitcoin ($PBTC) is an emerging new token set to redefine the digital asset space. Built on the Solana blockchain, PBTC combines Bitcoin’s store-of-value principles with Solana’s cutting-edge blockchain advancements. Its deflationary design and community-focused approach provide a uniquely balanced offering within the cryptocurrency ecosystem.

Purple Bitcoin distinguishes itself from emerging cryptocurrencies by offering immutable, irrevocable deflationary features, including:

• Automated Token Burns: Reduces circulating supply with every transaction to enhance value.
• Burn Halving Mechanism: Inspired by the Bitcoin halving event, PBTC incorporates a burn halving mechanism to provide adaptability and maintain alignment with evolving market dynamics
• Capped Supply: A fixed maximum of 19,314,746 tokens ensures scarcity and underpins its value proposition.

Additionally, Purple Bitcoin moves beyond traditional Solana meme tokens, often criticized for lacking trust, to provide investors with a stable asset thoughtfully designed for sustainable growth.

A Transformative Era for Crypto Innovation

PBTC’s emergence coincides with heightened public interest in cryptocurrencies, as discussions around digital assets gain prominence, with influential figures like President Donald Trump and Elon Musk championing digital assets as a cornerstone of financial innovation. Amid the new administration’s broader push to normalize cryptocurrency transactions, PBTC positions itself as a forward-looking solution aimed at redefining digital finance for a new generation.

Built for the People, Run by the People

Purple Bitcoin leverages Solana’s high-speed, eco-friendly blockchain to offer fast, low-cost transactions while ensuring scalability and sustainability.

“Purple Bitcoin introduces an innovative approach to digital finance,” says a community leader from PBTC. “It’s built for us, by us, with a focus on sustainable growth, real utility and empowering owners through transparency.”

With no reliance on mining and a strong foundation of community-driven value, PBTC is designed for sustainable growth and long-term investor confidence.

Innovative Technologies and Marketing Strategies

PBTC transforms community engagement with Purple Soltoshi, an AI ambassador inspired by Bitcoin’s creator, Satoshi Nakamoto. Powered by the advanced A16z AI framework, Purple Soltoshi fosters education, shares insights, and promotes technology adoption on platforms like X (formerly Twitter).

Milestones and Growth Opportunities

As Purple Bitcoin progresses, its roadmap outlines key milestones that reflect its transformative vision:

• Deflationary Tokenomics: A capped supply of tokens governed by a robust smart contract.
• Verified Listings: Achieved verified status on CoinGecko, Bifinance, and AscendEX platforms.
• Community Wallet: Funded by member contributions to support marketing initiatives.
• Autonomous AI Agent: Advances community engagement through AI-powered insights.
• Deflationary Burn Mechanism: Reduces token supply and enhances value with every transaction.

According to the team, the Purple Bitcoin community is dedicated to achieving one new exchange listing per week while strategically forming KOL partnerships to sustain PBTC’s momentum and growth.

A Community of Participation

PBTC’s community-focused approach encourages individuals to contribute in meaningful ways, leveraging their unique skills. Whether through creating brand assets, enhancing social media engagement, or supporting marketing efforts, the Purple Bitcoin community exemplifies collaboration and shared purpose. The Official Purple Bitcoin Telegram channel reflects this collaborative spirit, showcasing the integrity and professionalism that define this project.

For more information on getting started with PBTC, users can refer to the How to Buy PBTC webpage for a step-by-step guide.

About Purple Bitcoin ($PBTC)

Purple Bitcoin is a decentralized token built on the Solana blockchain, blending Bitcoin’s time-tested value principles with advanced blockchain technology and community-driven governance. With a limited supply, deflationary tokenomics, and a strong focus on innovation, PBTC delivers sustainable growth and real-world utility for the modern investor.

For additional information about Purple Bitcoin, please visit PurpleBitcoin.com.

Coin Address (CA): HfMbPyDdZH6QMaDDUokjYCkHxzjoGBMpgaUvpLWGbF5p

[PRESS RELEASE – Los Angeles, US, January 13th, 2025]

Innovative Partnership Integrates Cryptocurrency with Entertainment to Redefine Fan Engagement in the K-Pop and Hip-Hop Worlds

BLVD Live TV, the producer of the docuseries “Love & KPOP,” has officially announced an eight-figure sponsorship campaign backed by Medodo Coin, signaling a bold step forward in blending cryptocurrency and entertainment. “Love & KPOP” captured global attention last November by live-streaming the Korean Grand Music Awards (KGMA) to an audience spanning over 200 countries. The awards show, executive produced by Han Dong Chul, showcased performances by 25 top K-pop stars and groups, including ATEEZ, Fifty Fifty, Treasure, NiziU, NCT Wish, Stayc, P1 Harmony, Bibi, RIIZE, Aespa, DAY6, Taemin, and the globally acclaimed NewJeans.

“‘Love & KPOP’ is more than a docuseries—it’s a celebration of cultural fusion and global creativity. By uniting the vibrant worlds of K-pop and hip-hop, we’re connecting audiences across the globe in new and exciting ways,” said Yong Jason Lee, Executive Producer.

As an emerging OTT platform spearheaded by BLVD United, BLVD Live TV is committed to bridging the worlds of K-pop and hip-hop, offering viewers an engaging and immersive entertainment experiencae. With thousands of viewers already on board, the platform continues to expand its reach with this new partnership. The collaboration with Medodo Coin, a fandom-based meme token, introduces a utility token that will provide fans access to exclusive offers, merchandise discounts, and behind-the-scenes content. Medodo Coin plans a fandom-focused airdrop set to benefit thousands of fans worldwide, with further details to be revealed in the coming weeks.

“Medodo Coin is thrilled to be part of this groundbreaking project, bridging fandom and innovation to create unforgettable experiences for fans worldwide.” said Aiden Yoon, Medodo Coin representative.

This partnership exemplifies the integration of cryptocurrency into mainstream entertainment, paving the way for innovative fan engagement opportunities in the growing K-pop and hip-hop crossover market. For exclusive interviews or additional information, media representatives are encouraged to contact Yong Jason Lee, BLVD United, directly at (949) 993-0020 or [email protected]. Visit www.blvdunited.io for more company information.

About BLVD Live TV

BLVD Live TV is an emerging OTT platform powered by BLVD United, focusing on content that celebrates the convergence of K-pop and hip-hop culture. Through original programming and strategic partnerships, the platform aims to redefine entertainment for a global audience.

About Medodo Coin

Medodo Coin is a fandom-based meme cryptocurrency designed to connect fans with their favorite artists and brands through unique offers and experiences. As a pioneering token in the entertainment industry, Medodo Coin empowers users with a fun and practical way to participate in fan-driven economies.

President-elect Donald Trump’s choice for Treasury Secretary, Scott Bessent, has disclosed ownership of spot Bitcoin Exchange-Traded Fund (ETF) holdings worth as much as $500,000.

If confirmed for the position, the investor who co-founded Key Square Group says he will resign from the company and divest his investments.

Bitcoin Exposure Through IBIT

A document released on Saturday by the U.S. Office of Government Ethics (OGE) revealed Bessent’s ownership of the stake in a BTC ETF. It showed that the prospective government official held between $250,000 and $500,000 worth of BlackRock’s iShares Bitcoin Trust ETF (IBIT) shares.

The document also highlighted other investments made by the 62-year-old, including interests in the SPDR S&P 500 Trust, Invesco’s QQQ Trust, and its S&P 500 Equal Weight ETF. It also listed a residential property in the Bahamas worth $5 million and an art collection priced at at least $1 million.

In total, Bessent revealed holdings estimated at about $521 million, although analysts believe his portfolio could be worth much more as he is only required to list the value of his assets within broad ranges.

U.S. laws require high-ranking government officers to disclose their investments as well as plans for divestments if any of their holdings may pose a conflict of interest. Bessent, who was nominated to the powerful Treasury docket by Trump on November 22, 2024, is a well-known crypto supporter, previously describing digital assets as “integral to economic freedom and innovation.”

He beat out a long list of contenders, including Cantor-Fitzgerald CEO and co-chair of the Trump transition team Howard Lutnick, ex-Federal Reserve Governor Kevin Warsh, Tennessee lawmaker William Hargety, and Apollo Global executive Marc Rowan. Lutnick was picked to lead the Commerce Department.

Trump has also appointed several other crypto supporters to key positions in his administration, including Robert F. Kennedy as Secretary for Health and Human Services, Elon Musk and Vivek Ramaswamy to co-lead a new department to streamline government efficiency, and David Sacks as his crypto and AI czar.

Will Bessent Liquidate BTC Position?

According to the OGE filing, Bessent will resign from his position as Chief Investment Officer at Key Square Group immediately following his confirmation by the Senate as Treasury Secretary and wind down his interest in the company within 90 days.

A Bloomberg report also indicates that, like the assets held through his macro hedge fund, Bessent will liquidate his crypto ETF position. However, Matthew Sigel, head of digital research at VanEck, has questioned Bloomberg’s reporting, pointing out that while Bessent footnoted his divestment of other assets, he did not do the same for his IBIT holdings, suggesting he might be keeping it. This view was reinforced by Swan Bitcoin’s Steven Lubka, who asserted in a January 12 post on X that the Treasury Secretary nominee will not be disposing of his Bitcoin position but will continue to hold it.

TL:DR;

• XRP’s price went on an unexpected run on Saturday night, surging to a multi-week peak of $2.6 before correcting slightly.
• However, some on-chain metrics suggest that the asset could face trouble in the following days, especially if it fails to close above $2.47.

As reported on Saturday evening, XRP’s rally drove the asset from $2.33 to $2.5 and later to $2.6, which represented an 11.5% surge within less than 24 hours. Although the asset has lost some steam since then and currently sits at $2.51, it’s still over 6% up on the day.

This came shortly after reports emerged that whales had amassed more than a billion XRP tokens within a mere 48-hour period during the most recent correction in the middle of the business week.

However, this is where the popular crypto analyst Ali Martinez sounded the alarm about a potential drawback for XRP’s price.

At first, he pointed out that the TD Sequential, a technical indicator used to show the market exhaustion in either direction, had flashed a sell signal on the 4-hour chart. Nevertheless, this bearish formation will be invalidated if the asset closes above that line, which it still maintains.

The TD Sequential presents a sell signal on the $XRP 4-hour chart, anticipating a brief correction. The bearish formation will be invalidated if #XRP closes above $2.47! pic.twitter.com/CrW303RTaT

— Ali (@ali_charts) January 11, 2025

Additionally, Martinez highlighted a growing number of short positions opened when XRP peaked at $2.6. Recall that Ripple’s cross-border token was among the few with notable gains on Saturday evening while the rest of the market stood silently.

Many traders might have anticipated a short-term correction due to XRP’s divergence from the pack, which indeed occurred to the current levels. The question now remains whether the cryptocurrency will remain above the aforementioned support or that was just the start of a broader correction.

A lot of $XRP shorts were opened at $2.60, creating a substantial liquidation zone that market makers may try to grab. pic.twitter.com/cPIPwSjLEI

— Ali (@ali_charts) January 12, 2025

[PRESS RELEASE – Zug, Switzerland, January 11th, 2025]

Viewers will discover how blockchain technology empowers indie developers to innovate and overcome industry challenges

“Blockchain Gaming – Indie Games On-chain“, a Web3 documentary on indie gaming and the Polkadot ecosystem, officially debuts Saturday, January 11th at 9AM ET. The film offers an in-depth look at the intersection of indie game development and blockchain technology. Directed by award-winning photographer, Pnin the film serves as an accessible exploration of the fast-growing Web3 gaming industry.

The documentary provides an introduction to the possibilities of Web3 gaming, delving into the innovation and opportunities it presents for both players and developers. “Blockchain Gaming…” takes a warts-and-all, candid approach to exploring the challenges, skepticism, and negative sentiment surrounding blockchain from traditional gamers, and ultimately shows why blockchain is a natural, productive, and future-proof home for indie game development.

Featuring interviews with Polkadot-native game dev teams like Evrloot, Ajuna Network, Dot Play, and Team Step, the film also includes man-on-the-street interviews for a grassroots perspective and the perception of blockchain in traditional game development circles from non-crypto indie developer, Celrage.

By spotlighting the challenges indie developers face in traditional gaming and how blockchain addresses them, the documentary aims to onboard curious creators seeking transparent, objective information. With an emphasis on tech and transparency, it offers an opportunity for developers to learn about Polkadot’s ecosystem and its vibrant community.

“I have always preferred to let my work speak for itself,” said the film’s Director, Pnin, who self-funded the production over 2.5 months, shooting and editing 3.5 TB of raw footage across international locations. “This documentary is about passion, not just technology—showcasing the depth of the ecosystem and the dedication of its developers.”

By bridging traditional industry challenges with blockchain solutions, Blockchain Gaming provides a compelling case for Polkadot as a leader in Web3 gaming innovation.

To watch the documentary, users can visit the Kusamarian Youtube channel.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to design and build their own specialized blockchain projects easily, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.