Cryptocurrency News Today TheBitTimes.com

The cryptocurrency market has been performing well, with Bitcoin at the forefront of the recovery. Over the past week, Bitcoin gained 9% after experiencing a period of slower growth. Ether followed with an increase of over 3%, while XRP stood out with a significant rise of nearly 34%. As the crypto market shows signs of recovery, many closely watch for the next developments, especially as Donald Trump’s inauguration approaches. As some predict a continuation of the upward trend, the market is printing gains. Insidebitcoins has curated a list of the most viewed cryptos on GeckoTerminal to watch. Most Searched Cryptos on GeckoTerminal Today Melania Meme (MELANIA) has experienced an extraordinary surge, trading at $11.99 with a 24-hour percentage increase of 22,343%, marking a significant rise in value. Similarly, the TRUMP token has shown robust performance in recent trading sessions, attracting considerable interest from investors. Dogelon (ELON) has exhibited notable price flu...

Investment management firm VanEck has filed an 8-A form for its pending Spot Ether ETF application. According to Bloomberg ETF analysts, this can be a signal that the full approval of the Ether ETFs is close. Senior Bloomberg ETF analyst Eric Balchunas pointed to VanEck’s 8-A filing for its Bitcoin ETF and the timeline around that approval as a clue for a potential launch window of an Ether ETF. According to Balchunas, VanEck’s 8-A filing for its Bitcoin ETF was filed seven days before the investment fund launched on the market. Thus, since we are a week away from the previously predicted July 2 launch of Ether ETFs, that prediction seems more plausible. In a post to X, Balchunas said it “should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch.” He added that this realization was a “Good sign” for their July 2nd over/under date. “But again, anything [is possible] Sure we’ll hear more soon..” Early this month, ...

Arthur Hayes, former CEO of Bitmex and CIO of Maelstrom, predicted that major banks like JPMorgan will overshadow Tether and other stablecoin companies once they are permitted to issue fiat-backed stablecoins. During an episode of Laura Shin’s Unchained podcast, Hayes outlined Tether’s successful business strategy, which involves taking dollars, investing them in treasury bills, and earning profits from the interest rate spread. This model has allowed Tether to achieve significant status in the crypto market, primarily due to the absence of a similar offering from the U.S. banking system. He highlighted that T ether owners generate substantial free cash flow annually, estimating it to be around $4 or $5 billion. However, Hayes emphasized that the current operational model of centralized stablecoins, which relies heavily on banking services for fund custody and clearing, is not sustainable. You might also like: Arthur Hayes dumps Solana for Ether, cites divine...

Join Our Telegram channel to stay up to date on breaking news coverage Tether, a digital stablecoin, has emerged as the “least risky” asset in the cryptocurrency space. Investments in the cryptosphere are shifting to tokens and currencies seen as generally safe as a regional U.S. financial crisis unfolds and a governmental assault on crypto businesses intensifies. We have written extensively about the U.S. government’s numerous moves in the last couple of months against crypto, operations that have come to be known collectively under the moniker “Operation Choke Point 2.0”. These actions, coupled with the crypto bear market, have had investors seek for safe havens, in terms of stability and safety. The market value of Tether, a stablecoin that is a digital token tied to a fiat currency like the dollar, has increased significantly since March, making it the stablecoin with the best performance. A 1-to-1 peg to a stash of dollars and a production l...