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El Salvador’s cryptocurrency remittances, as a proportion of total remittances, have fallen to new lows, according to data from the Banco Central de Reserva de El Salvador compiled by JP Koning.  The peak period for these transactions was when the law making bitcoin (BTC) legal tender was originally passed in 2021 and has largely fallen since then, to less than 1% of the total remittances at this point.  For December, the total amount of family remittances from “cryptocurrency digital wallets” was $7.22 million. I charted El Salvador's cryptocurrency remittances from the passing of the "Bitcoin Law" in 2021, which granted bitcoin legal tender status, until its repeal this month. The data speaks for itself. [image or embed] — JP Koning (@jpkoning.bsky.social) January 31, 2025 at 8:23 AM Despite this lull in remittances, El Salvador has still attracted a variety of crypto firms, with executives of Tether and Bitfinex purchasing ...

The global non-fungible token market has taken a healthy correction this week, even as the crypto market continues to rebound. In the past seven days, the NFT market has fallen to a daily trading sales volume of about $19 million, which industry experts consider a healthy correction. In this article, we have listed some of the top-selling non-fungible token collections in the past seven days. 1. Pudgy Penguins NFT Collection Pudgy Penguins, a globally acknowledged non-fungible token collection from the digital asset firm Igloo Inc. featuring a fixed set of 8,888 cute penguin cartoon birds hosted on the Ethereum blockchain network, is this week’s top-selling NFT collection in the global NFT market. In the past 24 hours, the Pudgy Penguins have recorded a trading sales volume of $2.3 million. The NFT collection has a market capitalization of $321 million and a floor price of $36,214. 2. Azuki NFT collection Azuki, another globally acknowledged non-fungible token collection from ...

Sam Bankman-Fried’s parents are reportedly seeking a Presidential pardon for him from Donald Trump, a Bloomberg report says. Stanford Law School Professors Joseph Bankman and Barbara Fried reportedly had meetings in recent weeks with lawyers and other figures considered to be in Trump’s orbit about clemency for their son, Bloomberg reports. JUST IN: Sam Bankman-Fried's parents explore seeking a pardon from President Trump for their son, Bloomberg reports. pic.twitter.com/FMVUpaEOUf — Watcher.Guru (@WatcherGuru) January 30, 2025 The founder of the collapsed FTX exchange was convicted last fall and is serving a 25-year sentence in prison. FTX’s collapse is one of the biggest controversies in the history of the digital asset sector. Bankman-Fried was convicted by a jury on seven counts of fraud in 2023. Specifically, those charges include his thievery of customer assets when running the cryptocurrency exchange, and his deceit with the firm’s investors and creditors. Altogether...

The Ondo price has soared 13% in the last 24 hours to trade at $1.57 as of 7:15 a.m. EST on a 38% pump in trading volume to $648 million. This surge in the ONDO price comes as Ondo Finance announces the launch of tokenized US Treasuries on the XRP Ledger, providing institutional investors with new opportunities in on-chain finance. Ondo Finance is launching a tokenized US Treasury fund on the $XRP Ledger, offering 4.16% APY. OUSG tokens will be redeemable via $RLUSD stablecoin. Read the full article ⤵️ https://t.co/h0bc1gDq7R — Nova – {News} AI Agent (@ChainGPTAINews) January 30, 2025 The integration of Ripple USD (RLUSD) as the stablecoin for minting and redeeming Ondo Short-Term US Government Treasuries (OUSG) further enhances the platform’s appeal. Additionally, Ondo’s recent expansion into the Asia Pacific region has sparked interest, capitalizing on the growing demand for digital assets and US asset exposure in the area. This combination...

Bitcoin price surge hit powerful new records as the leading cryptocurrency rocketed past $105,000 on Wednesday, triggering quite a shift in crypto market trends. A remarkable rally unfolded right after the Federal Reserve announced its plan to keep current interest rates steady, with Bitcoin volatility staying surprisingly stable through such dramatic moves. The world’s largest digital asset showcased impressive investment security while numerous policy signals shifted around it. Also Read: Cardano: ADA To Surge 146% To Sit At $2: Here’s When Fed’s Policy Changes and Bitcoin’s Price Surge Amid Crypto Volatility Source: WSJ News Fed’s Strategic Rate Hold Several market watchers praised the Federal Reserve’s decision to keep interest rates between 4.25% and 4.50%. Multiple investors watched the Bitcoin price surge as numerous comments from Fed Chair Powell sparked fresh confidence. Powell said: “Banks are perfectly able to serve crypto customers as long...

Geopolitical tensions are nearing a fever pitch as the global south and the west face off. With de-dollarization efforts at the forefront, the two sides have shown no interest in budging. However, things took a twist for BRICS and the US this week, as the US dollar fell from its two-year high with President Donald Trump’s 100% tariff plan taking a turn. Throughout his campaign for reelection, Trump has not been shy about his perspective on the US dollar. Specifically, he has continued to maintain the importance of the greenback to remain the world’s currency. This week, he has shared an interesting update that adds the latest on what is an extended saga. Source: Watcher Guru Also Read: BRICS to Introduce Bitcoin Reserve? Us Expert Says Its Possible US Dollar Falls From 2-Year High as BRICS & Trump Saga Enters Another Chapter Since his 2024 presidential election win in November of last year, Donald Trump has targeted the BRICS alliance. He has issued a severe warning on the b...

The Pepe price plunged over 7% in the last 24 hours to trade at $0.00001223 as of 9:56 p.m. EST as investors decrease their exposure to the meme coin. This recent drop in the PEPE price is part of a longer-term bearish trend that has seen the altcoin’s value plummet more than 22% in the last week. Its monthly performance also stands over 32% in the red. Pepe Price Trying To Reclaim Support 4-hour chart for PEPE/USD (Source: GeckoTerminal ) The Pepe price is trying to reclaim the support of the $0.00001224 mark after dropping below the level in the last couple of hours. If the meme coin fails to close a 4-hour candle above this price point within the next 8 hours, it could stand the risk of continuing the negative trend it has been in over the last few days. Traders might subsequently push PEPE down to $0.00001084. On the other hand, the Pepe price reclaiming the $0.00001224 support soon could lead to a bullish reversal of the meme coin’s negative trend. In this altern...

Blockchain payments company Ripple Labs has secured money transmitter licenses in the US states of New York and Texas as CEO Brad Garlinghouse came out against a strategic Bitcoin reserve in the US. The company said in a Jan. 27 notice that regulators in both states approved the money transmitter licenses. Ripple Labs reportedly now holds over 50 such licenses across different jurisdictions, which enables the company to offer US customers a cross-border payment solution. Ripple CEO Says US Strategic Reserve Should Be Representative Of Crypto Industry Ripple’s announcement follows an X post by Garlinghouse that said the potential US strategic crypto reserve should be “representative of the industry.” Instead of focusing solely on a single token or coin, such as Bitcoin (BTC) or Ethereum (ETH), Garlinghouse says the Donald Trump administration should create a multi-crypto reserve. Some thoughts on maximalism… let me say this as clearly as I can – ...

The cryptocurrency community has been looking deeply into the Bitcoin (BTC) market as the asset has been exhibiting volatility. During the final week of January, the king coin was seen slipping below the $100,000 mark. Amidst this, CNBC’s Mad Money host dropped a bullish notion about the world’s largest cryptocurrency, sending most of its investors into panic mode. Also Read: Tuttle Capital Targets SEC Approval for XRP, Cardano, Chainlink, Polkadot, and Bonk ETFs “You Should Own Bitcoin” Source: Watcher Guru During his recent segment on the Mad Money show, Cramer was seen urging the community to hold BTC. Speaking to a caller on his show he said, “If you want to own Bitcoin, (you) own Bitcoin. I own Bitcoin, you should own Bitcoin. Bitcoin is a great thing to have in your portfolio.” JUST IN: Jim Cramer says "you should own Bitcoin, Bitcoin is a great thing to have in your portfolio." pic.twitter.com/HQFhRg4bpa — Watcher.Guru (@WatcherGuru) January 28, 2025 While...

The cryptocurrency industry had a rather slow weekend with most assets losing rather than pocketing gains. Prominent cryptocurrency SUI was one among them. The altcoin recorded a 22% drop in its price throughout the past week. Amidst this, news of a significant amount of SUI being stolen from an investor’s wallet began surfacing. While the number of bearishness fueled the ecosystem, the asset could witness a change during the second month of the year. Also Read: Shiba Inu: Just $41 Worth Of SHIB Becomes $1 Million Today SUI’s Downtrend Source: Binance Academy Over the past 24 hours, SUI recorded a massive drop of 13%. The asset was trading at a high of $4.16 earlier today and slid to a low of $3.54 in no time. At the time of writing, the altcoin was priced at $3.61. Amidst this, the volume of the network was witnessing a massive uptick of 181%. Currently, the trading volume of SUI stands at $1.71 billion. Source: CoinMarketCap According to reports, hackers took SUI tokens va...

AI coins, including NEAR, NCP, RENDER, and FIL, saw significant drops of 8-10% today as China’s AI startup DeepSeek challenged US dominance in the sector.  China’s AI startup DeepSeek disrupted the market by creating AI models that cost much less than those of Silicon Valley giants. AI coins decreased sharply during the early hours of Monday’s Asia market. This shift came alongside a sharp decline in Nasdaq 100 futures, which fell 330 points during Sunday’s overnight trading, triggering further panic in the market. AI Coins Crash: Is There A Reason For Panic? The AI coins market has dropped over 7.66% during the last 24 hours, with the total market cap falling below $44 billion, according to CoinMarketCap.  The sharp drop is primarily due to the sudden rise in popularity of China’s DeepSeek AI startup, which has shaken the market with its low-cost infrastructure. Built using chips that are a fraction of the cost compared to those used by US AI...

Igloo Inc., the digital asset incubation studio and the team behind the globally acknowledged Pudgy Penguins non-fungible token collection, has announced plans to launch its highly anticipated Abstract blockchain network. This much-awaited blockchain network in the NFT market will launch this coming Monday, January 27, 2025. The Pudgy Penguins NFT team started developing its blockchain network sometime in June 2024. Igloo Sets To Launch Its Abstract Mainnet Next Week In a January 25 blog post, Luca Netz, the chief executive officer of Igloo. Inc. confirmed that his team will launch the highly anticipated Abstract Layer 2 network this coming Monday, January 27, 2025. The upcoming Ethereum Layer Two network, Abstract, is expected to be the largest blockchain network for crypto and non-fungible token consumers. The Pudgy Penguins NFT creator will join top NFT projects, such as Yuga Labs and Blur, which have also developed their L2 networks. MONDAY MAINNET ✳️🐧 http...

The altcoin market looks promising, and many altcoins are recording gains. Late last year, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Savvy investors capitalized on this year’s boom in the altcoin market and took positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks. 1. Toshi (TOSHI) Toshi has gained attention with an i...