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Kraken CLO Among Top Candidates for U.S. CFTC Chair
Kraken's Chief Legal Officer (CLO) Marco Santori, pro-crypto CFTC Commissioner Summer Mersinger, and former CFTC Commissioner Brian Quintenz have emerged as strong contenders for the next U.S. Commodity Futures Trading Commission (CFTC) chair. Sources indicate that President-elect Donald Trump's team has conducted interviews with six candidates for the position.
Bitcoin Whales Accumulate $3.2 Billion Amid Market Correction
According to CryptoQuant, Bitcoin whales have taken advantage of recent market dips, purchasing approximately 34,000 BTC, worth $3.2 billion, over the past month. While retail investor demand has hit a five-year low, whale accumulation continues to dominate, reflecting strong institutional demand.
Oklahoma Senator Proposes Bitcoin Salary Legislation
Oklahoma State Senator Dusty Deevers has introduced the "Bitcoin Freedom Act," which would allow employees to receive their salaries in Bitcoin, furthering adoption of the cryptocurrency in the state.
U.S. Court Postpones Sentencing for Mango Markets Hacker
A U.S. court has postponed the sentencing of Mango Markets hacker Avraham Eisenberg to April 10. Eisenberg, accused of stealing $114 million in cryptocurrency, faces up to 20 years in prison.
Mark Cuban: Bitcoin is Better Than Gold for Risk Management
Billionaire entrepreneur Mark Cuban told CNBC that Bitcoin is a superior store of value compared to gold, particularly during economic crises. "Bitcoin is a new form of currency, and many investors treat it like gold as a hedge against economic downturns," Cuban said.
U.S. Stock Markets Close Mixed
The S&P 500 rose 0.16%, the Dow Jones increased 0.25%, while the Nasdaq declined 0.06%, reflecting mixed performance.
Analysts Warn of Bitcoin Weakness in January
Analysts predict that macroeconomic headwinds, including the Federal Reserve's hawkish stance, rising long-term bond yields, and sticky inflation, could pose risks for Bitcoin in January.
Terraform Labs Founder Do Kwon's Jury Trial Set for 2026
Do Kwon, the former CEO of Terraform Labs implicated in the Terra-Luna collapse, will face a jury trial in January 2026. A pretrial conference is scheduled for March 6, 2025.
Trump-Themed NFTs Launch on Bitcoin Network
President-elect Donald Trump has endorsed the release of a Trump Bitcoin Digital Trading Card collection on the Bitcoin network, further blending his brand with the cryptocurrency space.
Bitcoin Whale Selling Rises Amid Bearish Signals
Analysts report that Bitcoin whales have ramped up selling activity, with significant pressure coming from both large and smaller holders. This could signal growing bearish sentiment in the market.
Ripple CEO: XRP Spot ETF Could Soon Be a Reality
Ripple Labs CEO Monica Long expressed optimism that the U.S. could see the launch of an XRP spot ETF following Bitcoin and Ethereum ETFs, citing improving cryptocurrency regulations.
Global Liquidity Contraction May Pressure Bitcoin Prices
Matrixport has warned that global liquidity tightening, amplified by the strengthening U.S. dollar under President-elect Trump, could lead to downward pressure on Bitcoin. Historical data suggests liquidity changes impact Bitcoin prices within 13 weeks.
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