CRYPTONEWS WEEKLY ??- January 17, 2025
Your trusted source for all things crypto.
?? TOP NEWS OF THE WEEK
?? Price Action
Bitcoin briefly soared above $100,000 on Wednesday, gaining as much as 4% before dropping back below the crucial mark.
At the time of writing, Bitcoin trades at $99,400, up by 2.5% over the past day, according to data from CoinMarketCap.
However, despite the gains, on-chain transactions for Bitcoin dropped 37% compared to last week’s peak, signaling potential downside risks. Additionally, Bitcoin ETFs saw $209 million in outflows, dampening some of the bullish momentum.
Tether, the company behind the world’s largest stablecoin USDT, has announced its decision to relocate its headquarters and subsidiaries to El Salvador after securing an operating license in the country.
The move comes after Tether obtained its second Salvadoran Digital Asset Service Provider (DASP) license in 2025.
MoonPay, a cryptocurrency payments firm, has acquired blockchain payment processor and Solana-based platform, Helio for $175 million.
Helio is a crypto checkout app, serving over 6,000 merchants and millions of users. Its platform facilitates payments in USDC, SOL, BTC, ETH, and other digital assets for various applications, including e-commerce, subscriptions, and digital goods.
As U.S. President-elect Donald Trump prepares to return to the White House on January 20, his first day in office could be marked by executive actions that may significantly impact the cryptocurrency industry.
According to a report by The Washington Post on Jan. 13, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy.
New Hampshire and North Dakota have introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency.
In New Hampshire, the bill was introduced by Representative Keith Ammon, a Republican from the 40th District.
Blockchain analytics firm Chainalysis has acquired Alterya, an AI-powered fraud detection startup, for a reported $150 million, marking its first significant foray into artificial intelligence (AI).
“With Alterya, Chainalysis is doubling down on its strategy to invest in the prevention of illicit transactions,” the company stated in its blog post from Jan. 13, following the acquisition of Web3 security platform Hexagate last month.
领英推荐
The Democratic People’s Republic of Korea (DPRK)-backed hackers have stolen at least $659 million in 2024 through various crypto heists.
The USA, Japan and South Korea released a joint statement Tuesday, detailing North Korea-linked crypto thefts and their targeted entities.
?? THE CRYPTONEWS PODCAST
→ Nemil Dalal, Head of Coinbase Developer Platform
Nemil Dalal is the Head of Coinbase Developer Platform, a suite of tools designed to simplify and secure blockchain development. CDP aims to make building onchain applications as accessible as traditional software development, helping developers and creators of all skill levels innovate within the onchain economy.
Nemil joined Coinbase in 2019 as Director of Crypto and has since been a key part of creating the building blocks for developers to build onchain experiences for a billion users. Before Coinbase, Nemil served as CEO for CryptoFin where he developed one of the earliest DeFi protocols.
→ Ogle, Co-founder of Glue
Ogle is a globally recognized cybersecurity and on-chain negotiation expert known for his work in recovering funds from major crypto hacks. He is the co-founder of Glue, a blockchain ecosystem that features a primary Layer 1, integrated Layer 2 solutions, an application hub and a user-friendly service layer for enhanced functionality. He has successfully helped recover over $400 million in cryptocurrencies from high-profile incidents involving platforms like Euler, Curve/Alchemix and Kyberswap.
Before founding Glue in 2021, Ogle built several multi-million dollar tech companies, with the largest achieving over $45 million in annual revenue. His expertise has led him to lecture at Ivy League institutions and train government agencies on DeFi and crypto security. With extensive experience and innovative solutions at his disposal, Ogle is driven to make blockchain technology secure, user-friendly and accessible to all.
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