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🚨 What’s Next for Web3? The Top Headlines Shaping the Future of Crypto!
CoinGape Media
January 31, 2025
News
Binance selloff news: Ye hi, the co-founder of the crypto exchange has settled the dust from the rumors of a selloff or a potential shutdown ahead. Rumors started floating on social platform X that there’s no end to the regulatory pressure due to a wide disparity between global regulatory bodies. Thus, some predicted that this might force the exchange to either shut down or sell off.
Pro-XRP lawyer John Deaton has fired back at renowned investor Jason over his claim that the asset is a centralized security. Jason’s remarks have sparked intense debate, with many in the crypto community questioning his stance. Deaton, who played a crucial role in Ripple’s legal battle against the US SEC, strongly countered the investor’s claims, offering to educate him on the law.
In a recent development, scammers launched a fraudulent meme coin impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman. Via a fake account “SaudiLawConf,” the illegal actors promoted the official Saudi Arabia Meme Coin. However, soon after the launch of the scam token, the Saudi Law Conference revealed that their X account was hacked, alerting against the possible crypto scam.
Sponsored
As tech stocks face a decline, popular meme coins like Dogecoin (DOGE) and TRUMP have also seen significant losses. Despite its ties to Elon Musk, DOGE recently reached a new yearly low, falling below $0.31, marking a nearly 30% drop from its 2025 peak of $0.43. Similarly, TRUMP, the meme coin associated with Donald Trump, plunged to $25, a dramatic 92% decline from its recent high just a week ago.
Markets
Crypto prices on Monday mainly continued a sluggish performance, reverberating investor uncertainty globally. Bitcoin (BTC) price faced market turbulence and stood at $96K, whilst ETH also traded in the red territory. Further, XRP and Solana also faced severe hurdles, with their intraday trading session primarily in the red zone. However, Sonic (S) emerged as the leading gainer on Monday, defying the broader market trend.
Many crypto stocks may continue doing well this year as Wall Street investors have started to buy Bitcoin and its ETFs. One of these Wall Street billionaires is Paul Tudor Jones, who has added into his iShares Bitcoin ETF (IBIT) holdings. This article explores some of the best crypto shares to buy for 10x returns.
Experts project the largest surge since 2021, so the cryptocurrency market is about to undergo a significant breakthrough. Four particularly noteworthy altcoins are under great scrutiny by investors: Jupiter (JUP), Rexas Finance (RXS), Polygon (POL), and Optimism (OP).