Schiff: Silver is better than BTC

The Top Stories This Week

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 In a Tuesday letter, the company announced that it had approved its Digital Large Cap ETF.

Grayscale’s lawyers said that the SEC Division of Trading and Markets approved the ETF initially, but the SEC Office of the Secretary immediately decided to review the matter, stopping 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 is a cryptocurrency exchange. reportedly helped create the code World Liberty Financial (WLF), a crypto business closely associated with US President Donald Trump, is behind the stablecoin. 

Binance, according to three sources familiar with the issue cited in a Bloomberg article on Friday, helped promote WLF’s stablecoin USD1, and also played a part in its largest transaction. Trump’s crypto company, which is backed by his sons and three daughters, released USD1 on the 4th of March. 

MGX is an Abu Dhabi based investment company that announced a $2 Billion investment into Binance using a stablecoin at the time. 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: Longtime 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 commented in the Friday X article on current market conditions. 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 is a cryptocurrency trader who has been known for his savvy trading. high-leverage crypto bets. appears to have deleted his X Social Media account following losses of nine-digits.

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

Balances indicate that the combined balance in trader wallets is just $10176. 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 one single word. “broke.”

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

Snoop Dogg is an American rapper who sold a series of nearly 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 has launched a new collection of digital gifts powered by TON. The NFTs are based on the TON chain and contain around 996,00 non-fungible (NFT) tokens. “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 added.

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

The Winners and the Losers

Bitcoin will be available at the end of each week. (BTC) At $117.967 Ether (ETH) 2 962 $ XRP The current market cap is $3.68 trillion. Market capitalization total is $3.68 Trillion. according CoinMarketCap.

MemeCore, XRP and Litecoin are the three top altcoins of the past week. (M) At 1.234.52%, the Stellar (XLM) The Story of 59.52% (IP) At 49.69%.

Jito (JTO) OKB now has a 4.57% rate of return. (OKB) At 0.64%, Pi (PI) At 0.15%. Read on for more information about crypto-prices. Cointelegraph’s market analysis.

The Most Memorable Quotes

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

Matthew HylandCrypto trader

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

Joseph LubinThe CEO and co-founders 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 Best 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. If history is repeated, the analyst believes that Bitcoin may be worth up to $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 creditors challenges FTX’s motion to stop payouts in restricted nations

An objection has been filed by a Chinese creditor 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 limiting cryptocurrency transactions.

Weiwei Ji said that even though they live in Singapore, their passport is Chinese and they are classified as Chinese debtors. 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, that FTX is settled in US dollars which are a common legal payment method. 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 legkodymov is a Russian citizen. 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 the Russian government’s state news outlet TASS on Friday, Legkodymov’s lawyers officially asked Trump to pardon him after he pleaded guilt to running a money-transmitting business without a license. Legkodymov had been indicted by the Russian state media outlet TASS in January of 2023. He pleaded guilt in December and received a sentence for time served on July 20, 2024, after spending about 18 months behind bars. 

“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 begins criminal proceedings against X in connection with alleged algorithms manipulation

The French Public Prosecutor’s Office launched an investigation on X in relation to 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 for the Week

A 30,000-strong phone bot farming steals airdrops of crypto from 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: Minna Bank, Japan, targets Solana with China’s blockchain 100K TPS

North Korean defectors are targeted by a scam app. Indonesian exchange lists locally As well as COIN

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.