🚨 Breaking Web3 News: Today’s Top Crypto & Blockchain Headlines!

Author

CoinGape Media
January 29, 2025

News

Wyoming Republican Senator Cynthia Lummis has filed an amicus brief in Coinbase’s legal fight against the U.S. Securities and Exchange Commission (SEC). The filing was made to the U.S. Court of Appeals for the Second Circuit in connection with Coinbase’s appeal of the US SEC’s enforcement action against the exchange. The SEC had sued Coinbase for allegedly running an unregistered trading platform, as well as an unregistered broker and clearing agency.

The second day of the January US FOMC meeting is underway today, after which the Federal Reserve will announce its interest rate decision. This will be the first Federal Reserve interest rate announcement since Donald Trump took office and is significant, especially considering the impact it has on the crypto market.

Open Market Committee (FOMC) meeting of 2025. While everyone is watching the Federal Reserve meeting and Fed Chair Jerome Powell’s speech, there are speculations that the committee will likely maintain the current interest rates. This FOMC meeting marks the committee’s first policy discussion following US President Donald Trump’s presidential inauguration. The meeting began on January 28 and is expected to end today, with the Chair announcing the committee’s decision on interest rates. Let’s have a closer look at key events and timelines, as well as the crucial areas investors should monitor for important updates.

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Trump and Melania launch tokens, but $PEPETO shines with utility, staking rewards, and a fast-growing community.

Markets

Cryptocurrency price actions on Wednesday have once again solidified investor uncertainty right ahead of the U.S. FOMC. Bitcoin (BTC) price encountered significant pressure, avoiding further gains, whereas top alts such as Ethereum (ETH), XRP, and Solana (SOL) mirrored a similar intraday movement. However, Movement (MOVE) emerged as the hot buzz on Wednesday, pumping 16% against the backdrop of Donald Trump’s World Liberty Financial’s massive buying.

🔮 Elliot Wave Predicts Cardano Price May Surge to $2

Cardano price has consolidated this year, but numerous technical patterns point to a potential rebound. ADA is now in the fourth Elliot wave phase, has formed a triple-bottom and a bullish pennant. Additionally, there are signs that developers are embracing the network.

Ethereum price has been a major laggard in the crypto market this year as it remains in a technical bear market. While ETH typically rebounds in February, investing in quality Ethereum rivals may be a good option to generate strong returns and diversify a portfolio. This article takes a look at four such ETH competitors that could help turn $1K into $100K in February 2025.

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.