THREAD: crypto
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News Timeline
JAPAN’S Bold Crypto Shake-UP: New LAW Sparks Fear and Hope for Investors
— Japan is moving to treat crypto like regular financial products. The country’s Financial Services Agency (FSA) wants to change the law so that digital coins fall under the same rules as stocks and bonds. This would mean tighter control over how people buy and sell crypto assets.
If lawmakers agree, trading crypto with secret inside information will become illegal — just like insider trading in the stock market. The FSA hopes to get this new bill through by 2026, which could make Japan’s crypto market safer but also more restricted.
Some investors may welcome these changes for better protection against scams. Others fear it could slow down innovation and limit freedom in the fast-growing digital currency world.
Japan’s move might push other countries, including the U.S., to rethink their own rules on cryptocurrency. Conservatives should watch closely, as global trends could shape how American investors and businesses handle digital assets in the future.
US SECRET SERVICE Strikes: Russian Crypto Exchange Shutdown Sends Shockwaves
— The US Secret Service has led a global operation to shut down the Garantex cryptocurrency exchange. This is part of an ongoing effort to fight cybercrime and illegal financial activities linked to cryptocurrency platforms. Authorities targeted Garantex for allegedly facilitating hacking-related transactions.
This crackdown highlights the growing scrutiny on cryptocurrency exchanges by international law enforcement agencies. By seizing Garantex, authorities aim to dismantle networks that misuse digital currencies for illegal purposes. The move reflects a broader strategy to curb cybercriminal activities worldwide.
Further developments are expected as investigations into Garantex and its users continue. The results of these inquiries could significantly impact future regulation of cryptocurrency exchanges globally. Law enforcement remains vigilant in pursuing those who misuse digital assets for unlawful ends.
XRP PRICE Soars: Trump’s Bold Crypto Move Shakes Market
— XRP’s price jumped by 30%, hitting $2.75 after finding support at $2.00. This rise follows talk about its possible inclusion in a US Crypto Reserve.
President Trump suggested the US might add XRP, ADA, and SOL to a national crypto reserve along with Bitcoin and Ethereum. This could change the cryptocurrency world dramatically.
Analyst “Dark Defender” predicts XRP could reach $77.7 soon, showing growing investor hope. These forecasts highlight how government-backed crypto plans might affect market trends.
MILEI’S Crypto Scandal: Argentina’s Political Earthquake
— President Javier Milei is facing intense criticism over a cryptocurrency disaster that has sparked impeachment calls. The controversy began when a crypto he backed plummeted in value right after its launch, leading to major financial losses for investors. Milei defended his actions, stressing his commitment to economic growth and tech innovation.
An Argentine judge is now looking into fraud allegations against President Milei tied to this crypto endorsement. This probe could seriously impact his political future as public scrutiny grows and demands for accountability rise.
The scandal has ignited public outrage and raised concerns about digital currency regulations in Argentina. Political rivals are seizing this chance to question Milei’s credibility and leadership, further unsettling his presidency.
As the situation unfolds, investor trust in cryptocurrencies remains shaky, underscoring the wider effects of this incident on Argentina’s financial health and political scene.
TRUMP-Linked Firm’s BOLD Crypto Move Shakes Wall Street
— World Liberty Financial (WLF), linked to Donald TRUMP, has announced a strategic reserve of digital assets. The firm is moving over $307 million to Coinbase Prime. Initially thought to be a sell-off, WLF clarified these are routine treasury operations.
The project aims to tokenize real-world assets, providing secure infrastructure for institutional investors. At the Ondo Summit, WLF highlighted blockchain’s potential to modernize outdated financial systems. This move has attracted major partners like Franklin Templeton and Google Cloud, showing strong interest in blockchain’s role in traditional finance.
Market analysts suggest WLF’s crypto involvement could sway investor sentiment and influence regulatory developments. If successful, it might prompt other institutions to explore similar strategies, potentially transforming the financial landscape.
Financial markets are watching closely amid concerns about Trump’s tariff policies and their impact on inflation and interest rates. The outcome of this initiative could have far-reaching effects on both Wall Street and global finance sectors.
TRUMP-Linked Firm’s BOLD Crypto Move Shakes Up Wall Street
— World Liberty Financial (WLF), associated with former President Donald TRUMP, is making a splash in the crypto world. The firm has moved over $307 million in digital assets to Coinbase Prime. While some speculate a sell-off, WLF says these are just routine financial operations.
WLF plans to tokenize real-world assets, providing a secure platform for big investors. At the Ondo Summit, executives emphasized blockchain’s potential to update traditional finance systems. Partnerships with Franklin Templeton and Google Cloud highlight this drive for innovation.
Market experts believe WLF’s crypto involvement could sway investor opinions and regulatory trends. If successful, it might lead other firms to adopt similar strategies, significantly reshaping the financial scene.
TRUMP’S Inauguration Ignites Bitcoin Surge: Investors Rush to Crypto
— Following Donald Trump’s inauguration, Bitcoin’s value has surged. Investors are flocking to cryptocurrencies, driven by shifts in economic policies under the new administration. This trend highlights the volatile nature of cryptocurrency markets during major political changes.
AMERICAN EXPRESS FACES $230 MILLION BLOW: A Stark WARNING for Banks
American Express will pay a $230 million settlement for deceptive practices, impacting its financial standing. This serves as a warning to other financial institutions about the risks of misleading actions. The settlement underscores the regulatory challenges facing financial giants today.
VANGUARD’S SEC SETTLEMENT SHAKES TRUST: Investors on EDGE
Vanguard’s $106 million settlement with the SEC has sparked investor worries about compliance and risk management in investment firms. Transparency and ethical practices are crucial for maintaining trust in the financial sector. This case reminds investors of the importance of vigilance regarding regulatory issues within major firms.
FTX Founder Sam Bankman-Fried JAILED Ahead of Fraud Trial
— Sam Bankman-Fried, the founder of the now-bankrupt cryptocurrency exchange FTX, had his bail revoked on Friday as he awaits his October fraud trial. Judge Lewis Kaplan announced the decision in a Manhattan federal court after prosecutors accused Bankman-Fried of tampering with witnesses.
The former billionaire’s trouble escalated during a 26 July 2023 hearing when prosecutors alleged that he shared personal writings of his ex-partner Caroline Ellison with a New York Times reporter, a move they described as “crossing a line.”
Donald Trump POSTS to Instagram for the FIRST Time Since Ban
— The former president Trump has posted to Instagram promoting his digital trading cards that “sold out in record time” to the tune of $4.6 million. This was Trump’s first post in over two years since he was banned from the platform after the events of 6 January 2021. Trump was reinstated on Instagram and Facebook in January this year but has not posted until now.
SEC Charges Crypto Boss Do Kwon With FRAUD for Terra CRASH
— Regulators in the United States have charged Do Kwon and his company Terraform Labs with fraud that resulted in the billion-dollar crash of LUNA and Terra USD (UST) in May 2022. Terra USD, ironically labeled as an “algorithmic stablecoin” that was supposed to maintain a value of $1 per coin, reached a staggering $18 billion in total value before collapsing to almost nothing within two days.
Regulators took particular issue with how the Singapore-based crypto firm deceived investors by advertising UST as stable using an algorithm that pegged it to the dollar. However, the SEC claimed it was “controlled by the defendants, not any code.”
The SEC’s complaint alleged “Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities,” and stated the whole ecosystem “was simply a fraud.”
Crypto Community FUMING After Charlie Munger Says to Follow China’s Lead and BAN Crypto
— Warren Buffett’s right-hand man Charlie Munger sent shockwaves throughout the crypto community after publishing an article in the Wall Street Journal titled “Why America Should Ban Crypto.” Munger’s premise was simple, “It isn’t currency. It’s a gambling contract.”
BULLISH on Bitcoin: Crypto Market ERUPTS in January as FEAR Turns to GREED
— Bitcoin (BTC) is on track to have the best January in the last decade as investors turn bullish on crypto after a disastrous 2022. Bitcoin leads the way as it approaches $24,000, up a massive 44% from the beginning of the month, where it hovered around $16,500 a coin.
The broader cryptocurrency market has also turned bullish, with other top coins such as Ethereum (ETH) and Binance Coin (BNB) seeing substantial monthly returns of 37% and 30%, respectively.
The upturn comes after last year saw the crypto market plunge, fueled by fears of regulation and the FTX scandal. The year shredded $600 billion (-66%) from Bitcoin’s market cap, ending the year worth only a third of its 2022 peak value.
Despite the ongoing concerns of regulation, the fear in the market looks to be shifting to greed as investors take advantage of bargain prices. The rise may continue, but savvy investors will be wary of another bear market rally where a sharp sell-off will send prices back to Earth.
SOLD OUT: Trump’s Superhero NFT Trading Cards Sell Out in Less than ONE Day
— On Thursday, President Trump announced the release of “limited edition” digital trading cards depicting the president as a superhero. The cards are non-fungible tokens (NFTs), meaning their ownership is securely verified on blockchain technology.
FTX Founder Sam Bankman-Fried (SBF) ARRESTED in Bahamas at Request of US Government
— Sam Bankman-Fried (SBF) has been arrested in the Bahamas at the request of the US government. It comes after SBF, the founder of bankrupt crypto exchange FTX, agreed to testify before the US House Committee on Financial Services on 13 December.
Former FTX CEO Sam Bankman-Fried WILL Testify Before the US House Committee on 13 December
— The founder of collapsed cryptocurrency trading firm FTX, Sam Bankman-Fried (SBF), tweeted that he is “willing to testify” before the House Committee on Financial Services on the 13th of December.
In November, FTX’s native token plunged in price, causing customers to withdraw funds until FTX could not meet the demand. Subsequently, the company filed for Chapter 11 bankruptcy.
SBF was once worth almost $30 billion and was the second-largest donor to Joe Biden’s presidential campaign. After the collapse of FTX, he is now under investigation for fraud and worth less than $100 thousand.
