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World Liberty Financial’s Strategic Reserve Backed by Trump Jr., Amid XRP’s Record Liquidation

In a week marked by both strategic advancements and market shocks within the cryptocurrency space, World Liberty Financial Reserve is set to make headlines with its upcoming launch of a strategic reserve, backed by no less than Donald Trump Jr. This initiative aims to stabilize and potentially legitimize the crypto market, offering a new layer of security for investors. Simultaneously, the XRP market has been thrown into disarray with an unprecedented 1,455% liquidation imbalance in just one hour, stunning XRP bulls and sending ripples through the crypto trading community. This massive liquidation event saw over $920,000 in XRP positions wiped

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XRP Market Reels from 1,455% Liquidation Spike in One Hour

In an unprecedented event that has left the XRP community in awe, the cryptocurrency market witnessed a XRP Liquidation Spike with a 1,455% imbalance in liquidations, stunning XRP bulls within a single hour. This dramatic market movement was highlighted in data from CoinGlass, which showed that over $920,000 in XRP positions were liquidated, with an overwhelming 93.4% ($860,000) coming from long positions, while only a mere $60,000 was from shorts. This liquidation occurred despite XRP only experiencing a modest 2.7% price drop, underscoring the fragility of market sentiment and the high leverage used by traders. The event was not isolated

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Unions Sue U.S. Treasury Over Musk’s D.O.G.E. Data Access Scandal

In a bold legal move that could reshape government data privacy standards, several unions have initiated a lawsuit against the U.S. Treasury Department. This action comes after the department allegedly granted Unions Sue U.S. Treasury for providing Elon Musk’s Department of Government Efficiency (D.O.G.E.) with read-only access to sensitive financial data. The lawsuit, filed in the U.S. District Court for the District of Columbia, accuses Treasury Secretary Scott Bessent of violating federal privacy laws by allowing Musk’s team to access records tied to millions of Americans, including taxpayers, federal employees, and contractors. The controversy centers around the D.O.G.E.’s mission to

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Binance Denies ‘Special Relationship’ with Hamas, Seeks Dismissal of Lawsuit

Binance, the world’s leading cryptocurrency exchange, has officially responded to allegations linking it with funding terrorism by asserting that there is no “special relationship” with Hamas. This defense comes as part of Binance’s motion to dismiss a lawsuit filed by families affected by the 2023 Hamas attack on Israel. The legal proceedings took place in the US District Court for the Southern District of New York on January 30, 2025. In their argument, Binance’s legal team, representing both the exchange and its former CEO, Changpeng Zhao, emphasized that cryptocurrencies are not inherently dangerous and that the exchange had no unique

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PEPE Secures New Listing on Major Japanese Exchange, Price Reacts

In a significant development for the meme coin sector, PEPE Secures New Listing on a major Japanese cryptocurrency exchange, Bitflyer, marking another milestone in its global expansion. This move has not only brought PEPE into the spotlight in one of the world’s most regulated crypto markets but has also elicited a strong positive reaction in its price. The announcement came through an X post by Bitflyer, one of the largest crypto exchanges in Japan, stating that PEPE is now available for trading. This listing makes PEPE accessible to Japanese investors through the trading pair PEPE/JPY, opening up new avenues for

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Ripple Stablecoin RLUSD Reserves Exceed 100% Coverage

In a significant announcement that bolsters the credibility of its stablecoin offering, Ripple has disclosed that the Ripple Stablecoin RLUSD Reserves exceed 100% of the total RLUSD in circulation, providing a cushion of over-collateralization. This revelation comes from an audit conducted by BPM, focusing on Ripple’s subsidiary, Standard Custody & Trust Company, responsible for managing the RLUSD reserves until December 31, 2024. As of the end of 2024, the total supply of RLUSD stood at 77,208,201 tokens, with the reserves valued at $83,214,671, which translates to a coverage ratio of 107.77%. This over-collateralization is primarily backed by U.S. Treasury Bills,

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World’s Largest Sovereign Wealth Fund Has Indirect Bitcoin Exposure of More Than $355M

In a move that underscores the growing acceptance of cryptocurrencies among traditional financial institutions, the World’s Largest Sovereign Wealth Fund, Norway’s Government Pension Fund Global (GPFG), managed by Norges Bank Investment Management (NBIM), has amassed indirect exposure to Bitcoin exceeding $355 million. This development was highlighted by K33 Research, emphasizing the fund’s growing interest in digital assets through its investment strategies. By the end of 2024, NBIM indirectly held around 3,821 BTC, marking a significant 153% increase from the previous year, showcasing a clear trend towards integrating crypto-related assets into its vast portfolio. This exposure does not come from direct

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South Korean P2P CEO Accused of Using Client Funds to Buy Crypto

In a startling revelation that shakes the foundations of trust in South Korea’s peer-to-peer (P2P) lending sector, the South Korean P2P CEO Accused of diverting client money for personal cryptocurrency investments has come under intense scrutiny. The CEO, whose identity remains undisclosed due to ongoing legal proceedings, operated a major P2P lending platform, purportedly using investor funds earmarked for a construction project in Incheon to fuel his crypto ventures. This case emerged when an investor, who had backed the construction project since 2018, noticed discrepancies in the fund’s allocation. The investor had been persuaded to inject an additional 100 million

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Grayscale Launches Bitcoin Miners ETF Providing Exposure to Mining Firms

In a move that further cements the integration of cryptocurrency into traditional investment vehicles, Grayscale Investments has introduced the Grayscale Launches Bitcoin Miners ETF under the ticker “MNRS”. This innovative exchange-traded fund (ETF) is designed to give investors access to the Bitcoin mining sector by tracking the performance of companies involved in Bitcoin mining and related activities. The Grayscale Launches Bitcoin Miners ETF aims to mirror the Indxx Bitcoin Miners Index, which includes a selection of global entities generating a significant portion of their revenue from Bitcoin mining or mining-related hardware, software, services, and projects. This strategic launch by Grayscale

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Bitcoin Sellers Wait at $104K as Fed Faces Trump Rates Pressure at FOMC

In a critical moment for Bitcoin’s price trajectory, Bitcoin Sellers Wait at $104K as the cryptocurrency hovers near this significant resistance level. This scenario unfolds as the Federal Reserve (Fed) prepares for the Federal Open Market Committee (FOMC) meeting, with President Donald Trump’s public demands for lower interest rates adding an additional layer of complexity to market expectations. The Bitcoin market has been in a state of anticipation, with sellers poised at the $104,000 mark, ready to capitalize on any signs of a price retreat. This level has become a battleground, with Bitcoin’s price action closely tied to the outcomes

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