News

⚠️ Crypto Forum Moderator Targeted in Alleged Bitcoin Kidnapping Attempt

A Canadian crypto forum moderator and father of four claims to have been forced into hiding after an alleged kidnapping and torture attempt. The attackers reportedly targeted him, falsely believing he possessed an immense amount of Bitcoin.

The incident has left the man and his family in a precarious situation as they move from one temporary residence to another, fearing for their safety.

⚖️ XRP Lawsuit: Lawyers Confirm Appeals Opening Brief by Gensler’s US SEC

Lawyers closely following the XRP lawsuit have confirmed that the U.S. Securities and Exchange Commission (SEC) under outgoing chairman Gary Gensler will file its appeals opening brief. Experts believe it could be a last-minute filing by Gensler to create headwinds for Ripple similar to Jay Clayton, former SEC chair who brought the case against Ripple and its executives before his exit.

🏛 US CFTC Chair Rostin Behnam To Depart On January 20

Rostin Behnam, the Chair of the US CFTC, has announced to step down from his post effective January 20, 2025. Interestingly, that is when Donald Trump is scheduled to take over the US Presidential office once his inauguration concludes. While Rostin has not mentioned any specific reason behind stepping down from the post, speculations soar over a change in the horizon.

Markets

📊 Crypto Prices Today Jan 7: Bitcoin Bulls Return as BTC Hits $100K, Altcoins Shine

Today, crypto prices turned bullish as Bitcoin reached the $100K mark after two weeks. Major altcoins also rose, with XDC Network gaining 8% in the last 24 hours, and Bittorrent (BTT) surging 7%. The global crypto market increased by approximately 2%, reaching $3.59 trillion. Trading volume spiked by 45%, now standing at $133 billion. The Fear and Greed Index shows 66, indicating greed in the market. Let’s look at the top cryptocurrencies and their prices on January 7.

⚡️ Bitcoin Price Hits $100K But Why Are Traders Cautious?

Bitcoin (BTC) price hit $100K on Monday, bringing the excitement back to the crypto market after 11 days of sideways movement. BTC today trades at $98,037.0 after a -3.72% move. Despite this bullish accomplishment traders are cautious.

🔷 Ethereum Price Analysis: Will ETH Reach $4,000 in January?

Ethereum (ETH) price struggles around key resistance levels despite Bitcoin’s (BTC) reclaim of the $100K level. A closer look at Open Interest and momentum indicator reveals that a lack of momentum that suggest a correction could come before ETH revists $4,000 retest.

🌐 2024 at a Glance in Web3 🌐

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.