Top stories this week
- Standard Chartered Expands Crypto Custody Services in Europe
Banking giant Standard Chartered has launched crypto custody services in Luxembourg, marking its entry into the EU digital asset market under the MiCA framework. The company has secured a digital asset license, allowing it to offer these services across Europe. - Singapore Bans Polymarket Over Unlicensed Gambling
Singapore has blocked access to Polymarket, a crypto prediction platform, citing concerns over unlicensed gambling. This action follows similar moves by Taiwan and France, as global scrutiny over unlicensed gambling platforms intensifies. - Tether Moves Headquarters to El Salvador
Tether is relocating its headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license. This move comes amid tightening crypto regulations and positions Tether to operate within a supportive regulatory environment. - SEC Prolongs Decision on Bitwise Crypto ETF
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the Bitwise 10 Crypto Index ETF, setting a new deadline for March 2025. This postponement continues the trend of regulatory caution regarding cryptocurrency-based ETFs. - Circle Donates $1M USDC to Trump’s Inaugural Committee
Circle, the issuer of the USDC stablecoin, has contributed $1 million in USDC to President Trump’s inaugural committee. The donation places Circle alongside other major tech companies supporting the inaugural activities. - Trump Plans Crypto Executive Orders on Day One
Reports suggest that President Trump is prepared to sign several crypto-related executive orders on his first day in office. These orders could potentially allow U.S. banks to hold Bitcoin and other cryptocurrencies, signaling a supportive stance towards digital assets. - Bybit Halts Crypto Trading Services in India
Crypto exchange Bybit has suspended its trading services in India due to recent regulatory changes and pressures. This decision underscores the challenges faced by crypto platforms operating within India’s evolving regulatory landscape. - New Hampshire and North Dakota Push for Bitcoin Reserves
Legislators in New Hampshire and North Dakota have introduced bills to establish state-held Bitcoin reserves. These bills, part of a growing trend, aim to integrate Bitcoin into state treasuries as strategic digital assets. - Altcoins Gain Attention in January 2025
Several altcoins have captured the interest of crypto whales and investors in early January 2025, with some reaching new all-time high valuations. This trend highlights a significant movement within the altcoin market as the new year begins. - Crypto Prices Surge as US CPI Data Approaches
Ahead of the U.S. Consumer Price Index (CPI) data release, Bitcoin and other altcoin prices have shown substantial gains. This market activity reflects anticipation within the crypto community concerning upcoming economic indicators and potential impacts.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
Compound (COMP)
Compound (COMP) has experienced significant price movement recently, rising by 6.76% in the past 24 hours and a notable 15.56% throughout the week. This upward trend may be attributed to increased interest and confidence in decentralized finance platforms, of which Compound is a prominent player. Additionally, the broader crypto market rally and positive sentiment around DeFi innovations likely contribute to the coin’s recent price appreciation.DeXe (DEXE)
DeXe (DEXE) is experiencing significant price growth, seeing an impressive +4.87% increase in the past 24 hours and a +15.35% rise this week. Key developments contributing to this trend include DeXe’s recent milestone of surpassing $1 billion in total value locked. Additionally, the partnership with Floki and the introduction of GraFun’s innovative Alpha Launch mechanism are generating excitement and attracting investor interest, further fueling DeXe’s upward momentum.ORDI (ORDI)
ORDI has caught the attention of the crypto world as the first BRC-20 token to surpass a $1 billion market cap, highlighting its innovative role in decentralized finance. In recent weeks, ORDI’s price has surged by 6.71% in the last 24 hours and by 11.94% over this week, driven by increased investor interest and market optimism around its potential. The rise in ORDI’s price can be attributed to its growing influence in the DeFi space, capturing the interest of crypto enthusiasts looking for promising altcoin investments.Notcoin (NOT)
Notcoin (NOT) has seen a promising increase in its price, rising by +4.09% over the past 24 hours and +10.31% this week. This surge can be attributed to growing interest in altcoins as the crypto market kicks off 2025 on a high note, and Notcoin’s emerging visibility may be benefiting from this trend. Additionally, community engagement and technical analysis of Notcoin suggest positive momentum, potentially enticing more investments and driving further gains.Monero (XMR)
Monero (XMR) has been signaling a strong bullish trend recently, driven by investor confidence and a favorable trading environment, as observed with its consistent trading around the $200 mark. Despite slight setbacks over the past day, Monero showed a 3.30% increase in the last 24 hours and a robust 9.59% growth this week, indicating resilience amidst market volatility. With discussions around its potential to break above $220 and positive movements compared to other altcoins, Monero is gaining attention as a key player in the cryptocurrency market.NEXO (NEXO)
Nexo is set for a dynamic growth trajectory with plans to integrate AI-based tools and achieve global expansion, particularly targeting the USA in 2025. These strategic moves enhance its allure, contributing to the recent price surge of +6.87% over the past 24 hours and +9.12% this week, reflecting growing investor confidence.
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