🚀 Base Chain Gas Consumption Surpasses 25,000 ETH
#BaseChain #GasConsumption #ETH #Blockchain #Transactions #OnChainAnalysis #Cryptocurrency #DuneAnalytics
According to PANews, data from the on-chain analysis platform Dune reveals that the total gas consumption on the Base chain has exceeded 25,000 ETH, reaching 26,779.4438 ETH. The average gas usage cost is approximately $0.0566 (0.000018159 ETH).
In addition, the total transaction volume on the Base chain has surpassed 1.5 billion, reaching approximately 1.501 billion transactions. The number of blocks has reached around 24.75 million, and the number of contracts created on the chain has hit 18,453,159.#BaseChain #GasConsumption #ETH #Blockchain #Transactions #OnChainAnalysis #Cryptocurrency #DuneAnalytics
🚀 Ethereum Faces Key Resistance Level Amid Market Fluctuations
#Ethereum #MarketAnalysis #ResistanceLevel #Trading #Crypto #Bearish #Bullish #Consolidation #TradingVolume #ETH
According to PANews, Ethereum is currently trading around $3,273, with the market closely watching the short-term resistance level at $3,300. This level could be crucial in determining Ethereum's next move. As of January 11, the trading range is between $3,192 and $3,322. After a significant drop from $4,111, Ethereum is consolidating between $3,200 and $3,300. A breakthrough above $3,400 may indicate bullish potential, while a decline below $3,100 could confirm a bearish trend. The short-term resistance is at $3,300, with increased trading volume suggesting strong selling pressure. Oscillators are neutral, but the MACD indicates a bearish momentum. Currently, moving averages favor sellers, with key support levels near $3,265 and $3,109.#Ethereum #MarketAnalysis #ResistanceLevel #Trading #Crypto #Bearish #Bullish #Consolidation #TradingVolume #ETH
🚀 Bitcoin Price Drop Could Threaten MicroStrategy's Financial Stability
#Bitcoin #MicroStrategy #FinancialStability #Debt #Bankruptcy #StockMarket #FinancialAnalysis #PriceDrop #BTC
According to PANews, financial expert David Krause has warned that a significant decline in Bitcoin prices could severely impact MicroStrategy, potentially jeopardizing its ability to repay debts and leading to financial distress or bankruptcy, which may trigger a sell-off of its stocks. Financial analyst Jacob King noted that MicroStrategy tends to raise funds through debt or equity to purchase more Bitcoin when its stock price exceeds the net value of its Bitcoin assets. This cyclical strategy is effective only if Bitcoin prices continue to rise; however, if Bitcoin prices stagnate or crash, this cycle could collapse.#Bitcoin #MicroStrategy #FinancialStability #Debt #Bankruptcy #StockMarket #FinancialAnalysis #PriceDrop #BTC
🚀 USDC Treasury Issues 250 Million USDC on Solana Network
#USDC #Treasury #Solana #WhaleAlert #crypto
According to BlockBeats, Whale Alert has reported that the USDC Treasury minted 250 million USDC on the Solana network five minutes ago.#USDC #Treasury #Solana #WhaleAlert #crypto
🚀 Foresight Ventures' X Account Compromised, Recovery Efforts Underway
#ForesightVentures #XAccount #AccountCompromised #RecoveryEfforts #CyberSecurity #UserAlert
According to Foresight News, Foresight Ventures' X account has been compromised. The company is actively working to recover the account. Users are advised not to click on or trust any recent links or token information shared by the account.#ForesightVentures #XAccount #AccountCompromised #RecoveryEfforts #CyberSecurity #UserAlert
🚀 Ethereum(ETH) Surpasses 3,300 USDT with a 1.29% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #trading #Binance
On Jan 11, 2025, 21:02 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,303.040039 USDT, with a narrowed 1.29% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #trading #Binance
🚀 Bitcoin(BTC) Surpasses 95,000 USDT with a 0.29% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #trading #marketdata
On Jan 11, 2025, 21:55 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 95,000 USDT benchmark and is now trading at 95,000 USDT, with a narrowed 0.29% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #trading #marketdata
🚀 Scott Bessent to Resign from Key Square Group Amid Treasury Secretary Nomination
#ScottBessent #TreasurySecretary #KeySquareGroup #SenateApproval #ConflictsOfInterest #AssetDivestment #HedgeFund #UStreasury #FinancialDisclosure #Bitcoin #Cryptocurrency #RealEstate #ArtCollection #BTC
According to Odaily, Scott Bessent, nominated by President-elect Trump for the position of U.S. Treasury Secretary, plans to resign from his role at Key Square Group and sell his shares to avoid conflicts of interest, pending Senate approval. A document from the U.S. Office of Government Ethics indicates that Bessent's resignation will take effect immediately upon his appointment as Treasury Secretary. He is required to divest his holdings in Key Square Group, a macro hedge fund he founded and led, within 90 days of Senate confirmation. Senior government officials must disclose their assets before Senate confirmation and plan to divest any that could pose conflicts of interest. The Senate hearing for Bessent is scheduled for next Thursday, January 16.
Bessent's personal financial disclosure reveals assets valued at a minimum of $521 million, as reported by the Office of Government Ethics on Saturday, though his portfolio is likely worth more. He listed nine top-tier assets, all related to his hedge fund, including two batches of U.S. Treasury bills, two Invesco funds, and open positions in foreign currency values against the U.S. dollar. Additionally, he disclosed a personal investment not exceeding $500,000 in an iShares exchange-traded fund linked to Bitcoin prices. Like his assets held through Key Square Capital, Bessent will divest from the cryptocurrency-based ETF.
Bessent also reported owning residential real estate in the Bahamas valued at a minimum of $5 million and an art and antique collection worth at least $1 million.#ScottBessent #TreasurySecretary #KeySquareGroup #SenateApproval #ConflictsOfInterest #AssetDivestment #HedgeFund #UStreasury #FinancialDisclosure #Bitcoin #Cryptocurrency #RealEstate #ArtCollection #BTC
🚀 Litecoin's Official Account Briefly Compromised by Hackers
#Litecoin #LTC #hackers #fraud #Solana #security #crypto #scam
According to PANews, the official X account of Litecoin (LTC) was briefly hacked, as reported by Cointelegraph. The hackers used the account to promote a fraudulent Litecoin token based on the Solana network, including a contract address and scam links. The Litecoin team has since regained control of the account, removed the post, and stated that the breach occurred due to a compromised delegated account, which has now been removed.#Litecoin #LTC #hackers #fraud #Solana #security #crypto #scam
🚀 U.S. Bitcoin Spot ETFs Hold Over 1.13 Million BTC Worth $109.6 Billion
#Bitcoin #ETFs #Crypto #Investment #BTC #MarketReport #FinancialNews
According to Odaily, as of January 10, U.S. Bitcoin spot ETFs collectively hold 1,134,761 BTC, valued at over $109.6 billion.#Bitcoin #ETFs #Crypto #Investment #BTC #MarketReport #FinancialNews
🚀 Number Of Wallets Holding At Least One Bitcoin Increases
#Bitcoin #Wallets #OnChainAnalytics #Glassnode #Cryptocurrency #BTC
According to Odaily, on-chain analyst Ali shared data from Glassnode on platform X, indicating that the number of independent wallets holding at least one Bitcoin is once again on the rise after a prolonged distribution period.#Bitcoin #Wallets #OnChainAnalytics #Glassnode #Cryptocurrency #BTC
🚀 FDIC Interim Chair Criticizes Agency's Approach to Cryptocurrency Firms
#FDIC #cryptocurrency #debanking #bankingservices #innovation #unbanked #TravisHill
According to Odaily, Travis Hill, the interim chair of the U.S. Federal Deposit Insurance Corporation (FDIC), recently acknowledged in a speech that the agency has engaged in 'de-banking' practices against cryptocurrency companies. Hill pointed out that some crypto-related businesses have lost banking services without any explanation, labeling this practice as 'unacceptable.' He emphasized that the FDIC's long-term goal is to reduce the number of unbanked individuals and that denying lawful customers access to banking services is not acceptable. Hill also stressed that FDIC staff must not pressure banks to drop lawful customers. Additionally, he criticized the FDIC's current stance on cryptocurrencies, describing it as overly cautious and stifling innovation. The FDIC leadership transition is expected to begin on January 20.#FDIC #cryptocurrency #debanking #bankingservices #innovation #unbanked #TravisHill
🚀 SEC Chair Warns Against Easing Investor Protections
#SEC #InvestorProtection #GaryGensler #AccreditedInvestors #DisclosureRequirements #CapitalMarkets #Project2025 #MarketStability #InvestorConfidence #PolicyGuidance #FinancialServices #InvestmentOpportunities #WealthAccumulation #MinorityCommunities
According to Odaily, outgoing U.S. SEC Chair Gary Gensler has cautioned the next administration to maintain protections for small traders. In a recent interview, Gensler warned that reducing disclosure requirements or broadening the definition of 'accredited investors' could harm public interests. Critics argue that while these rules protect retail traders from private investment risks, they also hinder growth. 'Project 2025,' an initiative aimed at providing policy guidance for the incoming Trump administration, suggests expanding or removing these investor restrictions.
Gensler emphasized that excessive changes could undermine a crucial part of the capital markets, highlighting the importance of comprehensive disclosure for investor confidence and market stability. He stated that investors should be able to decide on risks based on full, fair, and truthful information from issuers. Disclosure is central to SEC regulations and helps investors assess risks, though private companies, including startups, are largely exempt.
Currently, individuals meeting certain professional or income thresholds, such as a net worth exceeding $1 million excluding their primary residence, may qualify as accredited investors. When this definition was introduced in the 1980s, it covered about 1% of the U.S. population. By 2022, the SEC estimated that over 18% of U.S. households would qualify.
Key lawmakers, including House Financial Services Committee Chair French Hill, advocate for expanding this definition. Hill proposed a 2023 bill allowing individuals who demonstrate understanding of the subject to invest in private markets. Supporters of updating the definition argue that it poses significant barriers to wealth accumulation for Black, Latino, and other minority communities.
In December, President-elect Trump announced former SEC Commissioner Paul Atkins would lead the agency. During his tenure and private sector work, Atkins has spoken against unnecessary corporate disclosures, citing their impact on investment opportunities.#SEC #InvestorProtection #GaryGensler #AccreditedInvestors #DisclosureRequirements #CapitalMarkets #Project2025 #MarketStability #InvestorConfidence #PolicyGuidance #FinancialServices #InvestmentOpportunities #WealthAccumulation #MinorityCommunities
🚀 Microsoft Sues to Combat Misuse of AI Technology
#Microsoft #AI #Cybercrime #Lawsuit #GenerativeAI #DigitalCrimesUnit #Security #MaliciousUse #TechLaw #Cybersecurity
According to PANews, Microsoft has initiated a lawsuit to combat cybercrime involving the misuse of generative artificial intelligence technology. The legal action, filed in the Eastern District of Virginia, targets a foreign threat group accused of bypassing AI service security measures to create harmful and illegal content.
Microsoft's Digital Crimes Unit (DCU) highlighted that the defendants developed tools using stolen customer credentials to gain unauthorized access to generative AI services. These modified AI capabilities were then resold with instructions for malicious use. The lawsuit claims that the cybercriminals' activities violate U.S. law and Microsoft's Acceptable Use Policy.
As part of the investigation, Microsoft has seized the core website of the operation, which is expected to help identify the perpetrators, dismantle their infrastructure, and analyze how these services were monetized. In response to these incidents, Microsoft has enhanced its AI protection measures by deploying additional security mitigations on its platform. The company has also revoked the malicious actors' access and implemented countermeasures to prevent future threats.#Microsoft #AI #Cybercrime #Lawsuit #GenerativeAI #DigitalCrimesUnit #Security #MaliciousUse #TechLaw #Cybersecurity
🚀 Global Crypto ATM Count Reaches 38,866 With Bitcoin Depot Leading
#CryptoATM #BitcoinDepot #Coinflip #AthenaBitcoin #Cryptocurrency #Bitcoin #GlobalATM #Panews #Coinatmradar #UnitedStates #Europe #Oceania #Australia
According to PANews, data from Coinatmradar.com reveals that as of January 11, there are 38,866 cryptocurrency ATMs operating worldwide. Bitcoin Depot leads as the largest operator, managing 8,486 machines. Coinflip follows with 5,289 ATMs, and Athena Bitcoin oversees 3,797 devices. The United States dominates the sector, hosting 81.3% of the global crypto ATMs. In terms of regional distribution, Europe accounts for 4.3%, Oceania for 4%, and Australia has installed 3.5% of the machines.#CryptoATM #BitcoinDepot #Coinflip #AthenaBitcoin #Cryptocurrency #Bitcoin #GlobalATM #Panews #Coinatmradar #UnitedStates #Europe #Oceania #Australia
🚀 Financial Advisors Show Increased Interest In Cryptocurrency Investments
#FinancialAdvisors #CryptocurrencyInvestments #BlockBeats #Bitwise #VettaFi #InvestorSentiment #2024Elections #ClientInvestments #InvestmentTrends
According to BlockBeats, a recent report by Bitwise and VettaFi reveals that 56% of financial advisors are more likely to invest in cryptocurrencies this year. The report, which surveyed 430 financial advisors, indicates that the outcome of the 2024 U.S. presidential election will influence investor sentiment. Additionally, the report highlights a growing trend of clients independently investing in cryptocurrencies, with 71% expected to do so by 2024, up from 59% in 2023.
The report underscores the momentum within the industry, noting that advisors who have not yet allocated funds to cryptocurrencies are increasingly inclined to do so. Specifically, 19% of these advisors plan to invest in cryptocurrencies by 2025, a significant increase from 8% last year. Furthermore, 99% of advisors who have already invested in cryptocurrencies intend to maintain or increase their investments.#FinancialAdvisors #CryptocurrencyInvestments #BlockBeats #Bitwise #VettaFi #InvestorSentiment #2024Elections #ClientInvestments #InvestmentTrends
🚀 Predictions for Cryptocurrency ETFs in 2025
#Cryptocurrency #ETFs #Bitcoin #Ethereum #Solana #XRP #Investment #Finance #Bitwise #Grayscale #Vanguard #OptionsTrading #Staking #AssetManagement #BTC #ETH #SOL
According to Odaily, Nate Geraci, President of The ETF Store, recently shared his predictions for ten cryptocurrency-related ETFs in 2025. He forecasts that the asset size of spot Bitcoin ETFs will surpass that of physical gold ETFs, assuming Bitcoin prices do not plummet. Additionally, he anticipates the approval of options trading for spot Ethereum ETFs and the allowance for physical creation/redemption of spot Bitcoin and Ethereum ETFs. Approval for staking in spot Ethereum ETFs is also expected.
Geraci predicts the launch of the Bitwise Bitcoin Standard Company ETF, with its asset management scale exceeding $1 billion. He foresees the introduction of at least 50 other cryptocurrency-related ETFs, including options-based products like covered call ETFs and defined outcome ETFs, as well as stock ETFs denominated in Bitcoin and 'Bitcoin Bond' ETFs.
Furthermore, he expects the approval of spot Solana and XRP ETFs, along with the approval of Bitwise and Grayscale crypto index ETFs. Lastly, Geraci predicts that Vanguard will allow brokerage clients to gain exposure to spot Bitcoin and Ethereum ETFs.#Cryptocurrency #ETFs #Bitcoin #Ethereum #Solana #XRP #Investment #Finance #Bitwise #Grayscale #Vanguard #OptionsTrading #Staking #AssetManagement #BTC #ETH #SOL
🚀 Cryptocurrency Market Sees Notable Gains and Losses
#Cryptocurrency #MarketGains #MarketLosses #ADA #XRP #CRV #TIA #HBAR #BSV #RAY #NOT #TON #FTM
According to PANews, several cryptocurrencies have experienced significant price movements. Among the top gainers, ADA is currently priced at $1.0361, marking a 10.54% increase. XRP follows with a price of $2.530, up by 5.12%. CRV is trading at $0.843, showing a 4.69% rise, while TIA is at $4.861, increasing by 4.58%. HBAR rounds out the top gainers with a price of $0.289, up 4.01%.
Conversely, some cryptocurrencies have seen declines. BSV is priced at $56.22, experiencing a 2.50% drop. RAY is trading at $4.528, down by 1.78%. NOT is at $0.00648, decreasing by 1.37%. TON is priced at $5.405, with a 0.88% decline, and FTM is at $0.712, down by 0.72%.#Cryptocurrency #MarketGains #MarketLosses #ADA #XRP #CRV #TIA #HBAR #BSV #RAY #NOT #TON #FTM
🚀 Tether CEO Highlights AI's Role In Film Production
#Tether #AI #FilmProduction #Innovation #Efficiency #Hiring #AsiaPacific #Europe #Brazil #Argentina #Colombia #FinancialFreedom #OpenSource #PrivacyProtection #DisruptiveTechnologies #Robotics #BrainComputerInterfaces
According to BlockBeats, Tether CEO Paolo Ardoino recently emphasized the unique advantages of AI-based roles, particularly in film production, aligning with Tether's vision of innovation and efficiency. Ardoino noted that AI is a significant focus area for Tether, urging organizations to adapt to this evolving reality in their hiring practices. However, he did not disclose further details about the final product.
Tether has maintained a lean staffing approach, hiring 30 employees in recent months dedicated to designing and building its AI platform. The company plans to recruit filmmakers in the Asia-Pacific region, Europe, Brazil, Argentina, and Colombia, with a goal to double its workforce to 200 by mid-2025.
In an interview last December, Ardoino projected that Tether could achieve over $10 billion in profits by the end of 2024, although the company does not release audited financial results.
Previously, Ardoino announced on the X platform that he would speak at Italy's AI Week in May, discussing Tether's AI strategy centered on financial freedom, open-source, peer-to-peer technology, and privacy protection. He intends to reveal the current state of disruptive technologies such as AI, robotics, and brain-computer interfaces, and explore future scenarios that may be obscured by 'good intentions.'#Tether #AI #FilmProduction #Innovation #Efficiency #Hiring #AsiaPacific #Europe #Brazil #Argentina #Colombia #FinancialFreedom #OpenSource #PrivacyProtection #DisruptiveTechnologies #Robotics #BrainComputerInterfaces