13 Jan 2025

Breaking News

Stay ahead of the curve with The Coinomist’s breaking news coverage. From major market shifts to regulatory updates and industry-defining announcements, we deliver the critical information you need, fast and accurate. Be the first to know about the stories shaping the world of cryptocurrency, business, investing, and Web3.

US CFTC Chair Rostin Behnam Resigns

US CFTC Chair Rostin Behnam Resigns

Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), will step down on January 20, coinciding with Donald Trump’s inauguration. His resignation signals potential shifts in regulatory priorities as the new administration prepares to overhaul federal oversight.

07 Jan 2025
HashKey Enters the EU Market with Irish VASP License

HashKey Enters the EU Market with Irish VASP License

HashKey Group, a leading digital asset financial services provider in Asia, has announced that its subsidiary, HashKey Europe Limited, has been officially registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland.

07 Jan 2025
Gemini Settles CFTC Case, Avoids Trial

Gemini Settles CFTC Case, Avoids Trial

Gemini has agreed to pay $5 million to the U.S. Commodity Futures Trading Commission (CFTC) to settle a dispute stemming from allegations of misleading statements about Bitcoin futures made by the platform.

07 Jan 2025
Backpack Exchange Acquires FTX EU for $32.7M

Backpack Exchange Acquires FTX EU for $32.7M

FTX EU, the European division of Sam Bankman-Fried’s defunct crypto empire, has been acquired by Backpack Exchange—a company founded by former employees of Alameda Research and FTX—for $32.7 million.

07 Jan 2025
Czech National Bank Considers Adding BTC to National Reserves

Czech National Bank Considers Adding BTC to National Reserves

Aleš Michl, the Governor of the Czech National Bank (CNB), recently shared his thoughts on Bitcoin, calling it a promising investment for the future.

07 Jan 2025
ZKsync Era’s TVL Soars After ZKsync Ignite Goes Live

ZKsync Era’s TVL Soars After ZKsync Ignite Goes Live

ZKsync Era, one of Ethereum’s leading Layer 2 scaling solutions, is making waves in the DeFi space with its total value locked (TVL) skyrocketing past $190 million.

07 Jan 2025
PENGU Price Rises as Abstract Chain Mainnet Nears

PENGU Price Rises as Abstract Chain Mainnet Nears

Abstract Chain, developed by Pudgy Penguins’ parent company, Ingloo Labs, is near its mainnet launch. Expected in January 2025, the event has sparked positive discussions among PENGU holders, driving the token’s price up.

07 Jan 2025
Arthur Hayes — Bull Cycle Likely to Last Until March 2025

Arthur Hayes — Bull Cycle Likely to Last Until March 2025

Hayes’ essay “Sasa” explores how liquidity sources like the Reverse REPO Facility could keep the market thriving despite political instability. He also highlights Maelstrom’s growing focus on DeSci investments.

07 Jan 2025
Leadership Change at the FED — Michael Barr Steps Down

Leadership Change at the FED — Michael Barr Steps Down

Michael Barr, who has served as Vice Chair for Supervision at the Federal Reserve, will vacate his position by February 28, 2025, or upon the confirmation of his successor.

07 Jan 2025
Sonic SVM Launches Token and Airdrop

Sonic SVM Launches Token and Airdrop

Sonic SVM, the layer-2 gaming network on Solana, has officially announced the launch of its token on Tuesday, accompanied by an exclusive airdrop for its TikTok gaming audience. This strategic step aims to onboard Web2 users into the Web3 ecosystem.

07 Jan 2025
Deepfake Scams Target Lonely Crypto Investors

Deepfake Scams Target Lonely Crypto Investors

In a Hong Kong scandal, fraudsters utilized deepfake technology to pose as rich women, targeting vulnerable investors with fabricated identities. Their schemes highlight the growing risks in the crypto world.

07 Jan 2025
Crypto Careers — A Dangerous Spotlight

Crypto Careers — A Dangerous Spotlight

Think it’s safe to talk about your crypto connections? A moderator’s near-abduction shows why keeping quiet could protect your assets—and yourself.

07 Jan 2025
Trudeau’s Leadership Under Question on Polymarket

Trudeau’s Leadership Under Question on Polymarket

Polymarket users anticipate Trudeau’s resignation by week’s end, but media opinions clash. Some outlets see it as imminent, while Reuters highlights ongoing indecision. Could Canada see a political shake-up soon?

06 Jan 2025
Crypto Investment Products Achieve Record Inflows in 2024

Crypto Investment Products Achieve Record Inflows in 2024

The global cryptocurrency investment market reached unprecedented levels in 2024. According to a report from CoinShares, a leading European asset manager, inflows into digital asset investment products hit a record-breaking $44.2 billion.

06 Jan 2025
UK FCA Grants Approval to GSR

UK FCA Grants Approval to GSR

GSR, a global powerhouse in cryptocurrency trading and liquidity services, has received regulatory approval from the UK’s Financial Conduct Authority (FCA).

06 Jan 2025
MicroStrategy Adds 1,070 More BTC, Surpasses $27.97B in Holdings

MicroStrategy Adds 1,070 More BTC, Surpasses $27.97B in Holdings

MicroStrategy has acquired 1,070 BTC at an average price of $94,004 per coin, further solidifying its status as the largest corporate Bitcoin holder. Executive Chairman Michael Saylor announced the update on X (formerly Twitter), where he often shares the company’s Bitcoin investments.

06 Jan 2025
Dutch AFM Grants MiCA Licenses to 4 Digital Asset Firms

Dutch AFM Grants MiCA Licenses to 4 Digital Asset Firms

Four digital asset companies have obtained Markets in Crypto Assets (MiCA) licenses in the Netherlands, enabling them to operate seamlessly across all 27 EU member states. This milestone marks a key step toward a unified regulatory framework for Europe’s crypto industry.

06 Jan 2025
Crypto Scam — Fake Mining Platform Targets 200 Users

Crypto Scam — Fake Mining Platform Targets 200 Users

Vietnamese police have arrested four suspects accused of defrauding more than 200 people through a fake crypto-mining platform.

06 Jan 2025
Buterin Says It’s Time to Close the Crypto-Tech Divide

Buterin Says It’s Time to Close the Crypto-Tech Divide

In a new X (formerly Twitter) discussion, Ethereum co-founder Vitalik Buterin says it’s time to recognize blockchain-based decentralization as an integral part of mainstream cryptography.

06 Jan 2025
Bernstein Predicts the Dawn of Crypto’s Infinite Era in 2025

Bernstein Predicts the Dawn of Crypto’s Infinite Era in 2025

Bernstein Research analysts have unveiled their 2025 crypto forecast, dubbing it the beginning of the “Era of Infinity.” They anticipate a turning point where digital currencies gain widespread acceptance in the global financial framework.

06 Jan 2025
Token Launches in 2025: Emerging Trends and Market Shifts

Token Launches in 2025: Emerging Trends and Market Shifts

Haseeb Qureshi, managing partner at Dragonfly, predicts a significant evolution in how tokens will be distributed by new projects in 2025.

06 Jan 2025
Trump Effect: Cryptocurrency is Making a Comeback – Ripple CEO

Trump Effect: Cryptocurrency is Making a Comeback – Ripple CEO

Ripple CEO Brad Garlinghouse credits the “Trump Effect” with driving a surge in U.S. job opportunities and renewed business activity in the cryptocurrency sector.

06 Jan 2025
Metaplanet Sets Sights on 10,000 BTC by 2025

Metaplanet Sets Sights on 10,000 BTC by 2025

Japanese venture firm Metaplanet has unveiled an ambitious goal for 2025: expanding its Bitcoin reserves to 10,000 BTC. CEO Simon Gerovich announced the plan in a recent post on X (formerly Twitter).

06 Jan 2025
MARA Generates Passive Income from Bitcoin Reserves

MARA Generates Passive Income from Bitcoin Reserves

MARA Holdings has lent 7,377 BTC (16.4% of its Bitcoin reserves) to third-party organizations as part of a strategy to generate passive income.

06 Jan 2025
South Korea Bets on Digitalization and Blockchain

South Korea Bets on Digitalization and Blockchain

The South Korean government is advancing educational and tourism projects with modern technology. One of its latest innovations is the Digital Tourism Resident Card, an NFT-based initiative set to launch on Jeju Island.

06 Jan 2025

Opinion

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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.

Investigation

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Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.