UToday

Minneapolis Fed President Neel Kashkari maintains a strong bearish stance on cryptocurrency, labeling it as "basically useless" and criticizing the market as a "farce" and "fraud." He argues that the crypto industry lacks legitimate use cases and calls for regulatory measures to protect investors.

Bitcoin has surged toward $100,000 as large holders accumulated over 30,000 BTC worth $2.7 billion in five days, signaling strong market resilience. This aggressive buying, alongside positive ETF inflows, suggests a potential major price breakout.

The SEC has closed its investigation into the Zcash Foundation without recommending enforcement action, marking a positive development for the organization amid recent governance issues. This decision highlights the Foundation's commitment to regulatory compliance.

XRP shorts crushed as cooling inflation triggers 1,122% liquidation imbalance
Peter Brandt reframes Bitcoin's 'double top' as a prelude to a historic breakout
Bitmine deepens Ethereum bet, targets 5% of total ETH supply
XRP shorts crushed as cooling inflation triggers 1,122% liquidation imbalan

Project Eleven has secured $20 million to develop defenses against potential quantum computing threats to cryptocurrency, specifically targeting vulnerabilities in blockchain security. Their product, "Yellowpages," aims to create a post-quantum infrastructure that links vulnerable Bitcoin addresses to quantum-secure identities. While concerns about an imminent "Q-Day" are deemed overhyped, experts acknowledge the need for preparedness against future quantum threats.

Solana's recent critique of Starknet highlights the ongoing rivalry between L1 and L2 solutions. While Starknet's activity has dwindled post-token launch, Solana's market performance remains strong, signaling an escalating competition in the crypto space.

Shibarium, the Shiba Inu ecosystem's layer-2 blockchain, has seen a 36% drop in Total Value Locked (TVL) despite SHIB's price rebound. This decline suggests reduced DeFi engagement, potentially due to user risk aversion. Despite this, SHIB's trading volume has surged, and upcoming privacy upgrades could enhance user confidence.

Myriad has integrated World Liberty Financial's USD1 as its first stablecoin, enhancing liquidity and user engagement. USD1-denominated markets will launch on January 14, with plans to transition all BNB-based prediction markets to USD1 by Q1 2026 for streamlined infrastructure.

Crypto markets experienced a notable increase on Wednesday, led by an 8% rise in Cardano and significant altcoin gains. Amid this surge, $684 million in leveraged futures were liquidated, largely from bearish positions, while Cardano's open interest rose by 13%. The price action indicated a rebound from oversold conditions, with potential resistance targets ahead.

Cardano (ADA) has experienced a significant trading volume increase of 72.89% following its addition to DZ Bank's platform, indicating regulatory validation. The price of ADA has also risen to $0.4185, aided by Bitcoin's bullish trend, yet potential volatility concerns remain.

Wietse Wind warns the XRP community about a surge in scams, including fake support accounts and phishing attempts. He stresses the importance of vigilance, verifying identities, and avoiding giveaways. RippleX is advancing key features for the XRP Ledger, including a Permissioned DEX, while Ripple receives a preliminary electronic money license from Luxembourg.

Billy Markus, co-creator of Dogecoin, expressed skepticism about the crypto market reaching new all-time highs despite a positive outlook. He critiques crypto trading and pities younger generations facing challenges from AI job replacement and pandemic impacts.

Legendary trader Peter Brandt has revealed he took a bet on Monero (XMR) as a result of the asset’s bullish potential on the cryptocurrency market. In a post on X, Brandt shared that his decision was based on technical opportunity on Monero’s chart analysis.
Why Monero's breakout rally caught Bran