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The de-dollarization agenda is gaining steam as a total of 12 countries have mutually agreed to abandon the US dollar for trade. The dozen countries have taken to local currencies for cross-border transactions to end reliance on the US dollar. The development indicates that emerging economies want to strengthen their local currencies and give them a boost in the forex markets. The global hegemony of the USD is on a slippery slope and developing countries want to fill in the void. Also Read: De-Dollarization: Will Donald Trump Crush Anti-USD Movement? After the White House pressed sanctions on Russia in February 2022, the de-dollarization initiative was officially kick-started. Both Russia and China went on a world tour, convincing other countries to ditch the US dollar. The idea seemed lucrative as it provided a chance for local currencies to gain an upper hand in the markets. Also Read: Trump’s Treasury Pick Reveals $500K Bitcoin Stake via BlackRock ETF De-Dollarization Rising: 12 Cou...

The Ethena price plunged over 10% in the last 24 hours to trade at $0.7929 as of 3:55 a.m. EST as investors offload their holdings in the crypto on the market. This drop in the ENA price comes as BitMEX founder Arthur Hayes started decreasing his exposure to the crypto in recent weeks. After depositing 7.85 million tokens to Binance on Dec. 21, 2024, on–chain analytics platform Lookonchain flagged another massive deposit made in the last 24 hours. According to the firm, Hayes sent 7.85 million ENA, valued at $6.46 million, to Binance and Bybit. Arthur Hayes(@CryptoHayes) deposited 7.85M $ENA($6.46M) to #Binance and #Bybit again 15 mins ago.https://t.co/lwQqYTPbua pic.twitter.com/ah9FZaj6wg — Lookonchain (@lookonchain) January 13, 2025 Ethena Price Resting On A Critical Support  4-hour chart for ENA/USD (Source: GeckoTerminal) The Ethena price has been in a consolidation range between $0.7932 and $0.9384 over the past few days. In recent hours, the altcoin...

The XRP price surged 7% in the last 24 hours to trade at $2.51 as of 08:40 p.m. EST on trading volume that soared 51% to $8.4 billion, according to CoinGecko. The pump helped make the Ripple token the top trending crypto on CoinMarketCap . XRP Price Gearing Up For A Bullish Rally The XRP price chart shows that the Ripple token experienced a significant parabolic rally earlier, as evidenced by the steep price increase highlighted by the blue channel. This rally took XRP from around $0.5254 to a high of around the $2.84 level within a short period. Since reaching the peak, the price of XRP has entered a sideways consolidation phase, fluctuating within a horizontal range between approximately $2.24 and $2.61. This consolidation reflects a period of indecision, where buyers and sellers are relatively balanced. Additionally, the XRP price remains well above the 200-day Simple Moving Average (SMA), which is situated around $1.0038, indicating a long-term bullish trend. The 50-day SMA i...

The Los Angeles home of Kevin Rose, the creator of NFT firm PROOF, has been completely destroyed in the California wildfires.  Rose shared footage of his house on Threads and filmed himself walking past scorched cars and homes in his devastated neighborhood. “Sadly lost everything in the #pacificpalisades fires,” he posted alongside the footage. “There’s nothing left.” Around 10,000 structures have been destroyed and crypto enthusiasts have lost wallets and credentials. Read more: Polymarket faces backlash over ‘sick’ California wildfire markets The fires, which started on Wednesday, have so far caused the evacuation of almost 180,000 people and the deaths of at least 10. Two of the blazes wildfires have been ranked in the top five most destructive fires in the state’s history. Thousands have lost their homes, including celebrity figures such as Mel Gibson, Paris Hilton, and Jeff Bridges.  Crypto companies and their people in LA have a...

The current president-elect, Donald Trump, is leaving no stone unturned to bolster the US dollar. Trump is ready to put in efforts, planning strategic tariff cuts and reductions to ensure that countries diligently continue to support the US regency. But in an alternate scenario, Trump’s overprotective streak when it comes to the US dollar may backfire, ultimately leading the dollar to invite trouble. Here’s how it all may unravel. Also Read: Ripple: XRP On Track To Claim $10 – Here’s How Donald Trump and His Grandiose US Dollar Protection Plans Source: iStock The US dollar is currently a trending topic within the Trump leadership. Trump has unveiled massive plans to protect the US dollar, primarily through the deployment of extensive tariffs on nations moving away from the dollar. In one of his earlier interviews, the president-elect unveiled plans to impose tariffs on nations, particularly the BRICS bloc, who have reportedly been planning on ditching the US dollar in the long hau...

One savvy crypto trader and deep-pocketed investor is drawing attention for making huge profits trading meme token Pepe (PEPE). Blockchain tracking firm Lookonchain says an anonymous trader moved 427 billion Pepe tokens worth $8.5 million at the time of the transfer to US-based crypto exchange Kraken where the crypto trove could potentially be sold on the open market. Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million. According to Lookonchain, the same trader just last month gained millions of dollars in profit by selling all his Pepe holdings during the initial stages of a December market correction. The sale came after the trader had accumulated more than one trillion Pepe tokens between March and September of 2024. The trader subsequently bought more than one trillion PEPE again in late December as the memecoin’s price stabilized. Said Lookonchain at the time, “This smar...

Despite the relatively overwhelming optimism about Bitcoin’s (BTC) prospects in 2025, with prominent price targets for the cryptocurrency ranging from $175,000 to above $800,000, it started the year with relative weakness. A recently unveiled court filing, dated December 30, 2024, might have offered some insight into the recent downward pressure.  Specifically, Judge Richard Seeborg denied a motion to temporarily suspend permission granted to the Department of Justice (DoJ) to offload 69,000 BTC, Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), and other related assets seized by the government from the illicit Silk Road marketplace and valued at approximately $6.5 billion Picks for you Clay Higgins net worth revealed: How rich is the Louisiana representative? 19 mins ago ...

The stock market has gotten off to an interesting start in 2025. With some of the big winners of 2024 sliding in the first week, some caution has grown from investors. Moreover, Apple (AAPL) has been one of several downgrades, although its recent $188 target may not tell the whole story. Apple joined Tesla as getting a revised outlook that downgraded its rating early this year. Specifically, MoffettNathanson has lowered the stock to a sell from its neutral rating. Although there are plenty of reasons to be concerned, things may not appear as bad as they seem. Source: Apple Also Read: Citi Gives Apple Stock Buy Rating: Can AAPL Hit $300 in 2025? Apple to $188? Tech Stock Takes Center Stage Amid Troubling Start to 2025 Entering the new year, Apple had maintained a fair amount of hype. Morgan Stanley had chosen the company as its top stock pick of 2025. Moreover, there was reason to believe that it would increase its competitiveness in key areas that were likely to experience surging dema...

South Korea is looking to remove restrictions on local institutions trading cryptocurrencies, according to a report by Yonhap news agency on Wednesday, citing the Financial Services Commission (FSC). “We will work to align with global regulations in the virtual asset market,” stated South Korea’s FSC Secretary-General Kwon Dae-young. Institutional Investors Will Be Able To Create Accounts On Crypto Exchanges The FSC, South Korea’s primary financial regulator, stated that it would relax its restrictions on institutional investors to trade crypto, allowing them to create trading accounts on cryptocurrency exchanges. By doing this, the regulator aims to collaborate closely with the Digital Asset Committee, a policy advisory group under the FSC, beginning with permitting non-profit organizations to participate. Currently, only individual investors verified with their real-name accounts are permitted to trade Bitcoin and other cryptocurrencies. South Korea didn...

In a move that is seeking to solidify its strength in the immensely popular technology sectors, Microsoft (MSFT) has announced yet another $3 billion AI and cloud computing investment. Indeed, the company’s investment will be made in India as it seeks to expand its capability in the two areas. Since the AI revolution started to dominate the stock market, Microsoft has firmly positioned itself as a developing leader. Over the last year, they have continued to invest in its ongoing development. Moreover, there is a growing feeling that those funds will begin to pay off in the company’s stock price throughout this year. Source: CNBC Also Read: Microsoft: MSFT $13B Investment Called ‘Best Money Ever Spent’ Microsoft Announces $3 Billion AI and Cloud Investment In India Over the last two years, generative AI’s surging popularity has been undeniable. The technology has been viewed as a massive part of the near future, and as such, its continued exploration and development is...

Adeniyi Abiodun, co-founder of Mysten Labs and Sui Network (SUI) core developer, revealed the next artificial intelligence (AI) “big opportunity.”  In a post on X, Abiodun shared a video explaining why he believes “AI-to-AI coordination is the next frontier.” “Our mission at Mysten Labs is to make Sui Network the global coordination layer,” he wrote on that post. “Empowering billions of autonomous agents to transact, build, and innovate without limits. 2025 is going to be huge for Sui.” – Adeniyi Abiodun Picks for you Bybit launches Physical Card in Brazil, perks and rewards for users 15 mins ago ‘Rich Dad’ Kiyosaki’s top 3 market predictions for 2025 1 hour ago ...

A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes BTC is poised for more rallies after flashing bullish signals on multiple time frames. Pseudonymous analyst Rekt Capital tells his 527,600 followers on the social media platform X that Bitcoin will likely continue its uptrend after flipping a previous resistance level into support on the three-month time frame. The trader shares a chart showing how Bitcoin cemented the $60,000 level as support in Q4 of 2024, putting BTC in a position to soar to even greater heights. “Post-breakout quarterly retest and trend continuation confirmed.” Source: Rekt Capital/X Zooming in, the trader says Bitcoin has shattered the psychological resistance area at $100,000, indicating that it’s now all blue skies for BTC. “Needs a daily close above $101,165 (black).” Source: Rekt Capital/X Bitcoin ended the previous trading day above Rekt Capital’s resistance zone...

Shiba Inu is pumping again, prompting investors to consider buying and holding. Which meme coin will surge next? The broader cryptocurrency market is recovering, with the Fear and Greed Index reaching 60, reflecting growing investor optimism. Analysts suggest the long-anticipated altcoin season may have begun, driven by theories linked to Bitcoin’s halving cycles and rising interest in alternative cryptocurrencies. Ethereum (ETH) is drawing attention as it approaches its previous all-time highs, a trend that could boost Shiba Inu’s momentum. Since Shiba Inu was originally deployed on Ethereum and later bridged to other networks like Base, its performance remains closely tied to Ethereum’s progress. As Ethereum edges closer to new highs, projects like Shiba Inu stand to benefit from the increased activity. Shiba Inu is not only gaining in price but also trending on multiple platforms. Currently ranked fourth on trending tabs, it has been a focal point alongside Ethe...

The Butthole Coin price surged 67% in the last 24 hours to trade at $0.1005 as of 11:15 p.m. EST on trading volume that surged 132% to $56 million. Butthole Coin Price On A Sustained Bullish Trend The BUTTHOLE/USD chart Analysis on the 1-hour timeframe shows that the BUTTHOLE price is on an explosive uptrend, making a sharp parabolic move in recent sessions.  The move started after a period of consolidation around $0.03, followed by increasing bullish momentum, pushing the Butthole Coin price to a high of $0.12 before retracing to $0.10, according to GeckoTerminal data. The strong breakout was accompanied by a significant spike in trading volume, indicating active participation from buyers.  While the 50-day Simple Moving Average (SMA) at $0.0658 provided reliable support during the rally, the price of Butthole Coin has now extended far above both the 50-day SMA and the 200-day SMA ($0.0296). Meanwhile, the Relative Strength Index (RSI) is currently at 60.01, just abo...