Schiff: Silver is better than BTC

The Week’s Top Stories

Grayscale criticizes SEC for delaying the listing of Digital Large Cap Fund

Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay On Tuesday, the Department of Finance sent a letter to its Digital Large Cap Exchange-Traded Fund (ETF).

Grayscale’s attorneys claim that the SEC Division of Trading and Markets originally approved the ETF, but the SEC’s Office of the Secretary then decided to review the actions immediately, and halted the decision.

It is a violation of the law “statutory approval or disapproval deadline” According to attorneys, the SEC’s rules and procedures are in conflict with the established ones. 

Binance helped create World Liberty Financial stablecoin — Report

Binance, a crypto-currency exchange. reportedly helped create the code Behind the stablecoin released by World Liberty Financial, one of the crypto-businesses tied to US president Donald Trump is the stablecoin. 

Binance was involved in creating, promoting and facilitating the USD1 stablecoin’s largest transaction, said a Bloomberg report on Friday citing three individuals familiar with this matter. Trump’s crypto company, which is backed by his sons and three daughters, released USD1 on the 4th of March. 

MGX from Abu Dhabi announced a $2billion investment in Binance, using a stablecoin that was not named at the time, on 12 March. Eric Trump said that WLF would use USD1 as a settlement currency in May.

Peter Schiff: Sell Bitcoin for Silver as BTC Smashes New Highs

Gold and Bitcoin: Long-time critics of Bitcoin Peter Schiff said the latest BTC rally It may present a good opportunity for silver investors to purchase the metal instead. 

“With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” In a post on Thursday X, Schiff noted that Bitcoin had put its boots back on and reached new heights of $112,000.

Silver has a greater upside than Bitcoin, he said. “can easily crash, silver’s downside seems very limited.”

Arthur Hayes also discussed the current market situation in an X Friday post. He stated that he felt “slightly bearish” Due to US Treasury General Account replenishment through new debt issue, this could temporarily drain liquid.

High-leverage trader James Wynn deactivates X account

James Wynn has become a well-known crypto trader. high-leverage crypto bets. appears to have deleted his X Social Media account following losses of nine-digits.

Wynn’s X handleJamesWynnRealThe page now says “This account doesn’t exist. Try searching for another.”

According to the balances, traders’ wallets have a total balance of only $10,176. displayed Arkham Intelligence Hypurrscan.

Cointelegraph tried to contact Wynn to ask for a comment, but couldn’t get through to the trader. Wynn altered his bio before deleting the X-account to: “broke.”

Snoop Dogg’s Telegram ‘gifts’ sell out in 30 minutes: NFTs back?

Snoop Dogg, an American rapper from Los Angeles, has sold a nearly entire collection. a million non-fungible tokens The NFTs industry has been able to deliver NFTs in just 30 minutes via Telegram on Wednesday. “dead.”

Snoop Dogg’s digital gift collection powered by the TON Blockchain, which includes around 996,000 NFTs (non-fungible Tokens), is now available. “inspired by Snoop’s iconic style” In a post to X on Wednesday, Telegram’s founder Pavel Durov stated that the app generated sales of $12 million.

“Blockchain minting and the secondary market go live in 21 days. It’s going to be wild,” He also added.

In the token collection, there were vintage cars and other objects and symbols, such as digital dogs and bags, marijuana related items, and even swag.

The Winners and the Losers

Bitcoin will be available at the end of each week. (BTC) The Ether price is $117,967 (ETH) At $2,962, and XRP At $2.78. Market capitalization total is $3.68 Trillion. according CoinMarketCap is a great place to start.

MemeCore, XRP and Litecoin are the three top altcoins of the past week. (M) Stellar is at 1,234.52%. (XLM) At 59.52%, Story (IP) At 49.69%.

Jito, Xito and Yito are the top 3 altcoins that lost money this week. (JTO) OKB’s 4.57% rate is the highest in the industry (OKB) 0.64% Pi (PI) At 0.15%. To learn more about the crypto market, read Cointelegraph’s market analysis.

Some of the Most Memorable Sayings

“BTC confirms daily higher-high and confirms an end to the downtrend that started in late May.”

Matthew HylandCrypto traders

“So Ethereum is scalable enough, affordable enough, legal enough in the United States.”

Joseph LubinCo-founder and CEO of ConsenSys

“We cannot have the people who are in charge of passing legislation and enforcing legislation, implementing legislation, have conflicts of interest with their official responsibilities. You should be divesting from crypto if you’re going to be regulating crypto.”

Richard PainterFormer White House ethics attorney

“The crypto-friendly SEC, along with the GENIUS Act, can align the crypto industry to rapidly expand, with the potential for the stablecoin market to reach $1-2 trillion in market cap in a few years.”

Nick RuckLVRG Research director

“However, I am not sure that there is a compelling case for stablecoins moving the needle on dollar dominance beyond that, unless retail use accelerates in developing countries on the back of incentives.”

Katalin TischhauserHead of Research at Sygnum

“[The testimony] would be unfairly prejudicial as it would likely confuse and mislead the jurors into believing that Mr. Storm was involved in the underlying purported hack or intended to facilitate it, which is not true.”

Attorneys Roman Storm, Tornado Cash’s co-founder and Developer

The Week’s Top Prediction

Bitcoin Christmas rally to $200K or $300K possible based on ‘power law’ model

Bitcoins have risen 10% since July. reaching new highs at $118,600According to anonymous Bitcoin expert apsk32, this is just the start of a massive rally. According to the analyst, Bitcoin’s value could reach as high as $258,000.

Apsk32 says that Bitcoin’s long-term price trend has been a power curve, which is a mathematical formula reflecting BTC’s exponential growth. The Power Law Time Contours approach measures the price deviations from this trendline not only in dollars, but also in time units. 

Top 10 FUDs of the Week

Chinese creditor contests FTX’s decision to halt payments in restricted countries

The Chinese Creditor filed an objection to a motion from the FTX estate According to a court filing on Tuesday, this would stop payouts for residents of jurisdictions that have laws or regulations restricting crypto transactions.

Weiwei Ji stated that despite residing in Singapore they were classified as Chinese creditors due to having a Chinese passport. Ji noted that the objection was submitted on behalf of Ji and a growing group of Chinese creditors — reportedly over 300 individuals, according to the filing.

Two arguments are raised by the objection: first, FTX is a payment method that uses US dollars as a standard. It also notes that digital assets are included in the legal definition of cryptocurrency distributions. “personal property.”

Bitzlato co-founder requests US pardon after guilty plea — Report

Anatoly Lkodymov, Russian National and former CEO of cryptocurrency exchange BitzlatoAfter pleading guilty in 2023 and spending 18 months behind bars, it was reported that he requested the pardon of US President Donald Trump. 

In a report published by TASS on Friday, Legkodymov’s lawyers officially requested a presidential pardon. He had pleaded guilty for operating a money-transmitting business without a license. Legkodymov, who was arrested in January 2023 and pleaded guilty to the charges in December 2023, was then sentenced in July 2024 for time already served after being held in jail for 18 months. 

“Anatoly […] became a target in a political campaign against the crypto market and talented Russian programmers,” According to TASS, Ivan Melnikov is the vice-president of the Russian section of the International Committee for Human Rights.

France launches criminal probe into X over alleged algorithm manipulation

The French Public Prosecutor’s Office opened an investigation against X for the alleged use of its algorithm for foreign interference.

According to a report from Friday by Magistrate LaureBeccuau, prosecutors launched an investigation into the possibility that X had violated French Law through its manipulation of algorithms for fraudulently obtaining user data.

The investigation was launched after two reports were submitted to the Paris Public Prosecutor’s Office’s cybercrime division on Jan. 12 — one by Member of Parliament Éric Bothorel, a member of French President Emmanuel Macron’s Ensemble Pour La Republique party, and another by a senior government official whose identity was not disclosed.

Top Magazine Stories This Week

The inside story of a phone bot farm that steals crypto airdrops away from actual users

“The industry has absolutely no clue how sophisticated this stuff is,” Mirai Labs CEO, Mirai Labs takes Magazine inside a 30,000-phone farm.

Asia Express reports that Japan’s Minna Bank is interested in Solana, China’s 100K-TPS blockchain

North Korean defectors are targeted by a scam app. Indonesian exchange lists locally As COIN, and much more.

Digital art will ‘age like fine wine’: Inside Flamingo DAO’s 9-figure NFT collection

Flamingo DAO Members can Spend 5 ETH from the treasury On any NFTs that they want. One minted ‘massively profitable’ Bored Apes.