Schiff says ditch BTC for silver

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

It is a violation of the law “statutory approval or disapproval deadline” Attorneys claim that the SEC rules are inconsistent with existing procedures. 

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 cited by three individuals familiar with this matter in a Bloomberg report published on Friday. Binance was instrumental in creating, promoting and facilitating the USD1 stablecoin’s largest transaction. Trump, his three sons and the crypto-business launched USD1 in March. 

MGX is an Abu Dhabi-based firm 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 advises to sell Bitcoins for silver when BTC reaches new heights

Bitcoin and Gold Advocates: A Long-time Bitcoin Critic 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,” “Ship said on a Friday X posting as Bitcoin donned its moonboots again and hit new highs over $112,000.

The silver price has greater upside potential, according to him. “can easily crash, silver’s downside seems very limited.”

Arthur Hayes – cofounder and former CEO at BitMEX – also commented on the market in Friday’s X. He was “slightly bearish” The US Treasury General Account is being replenished by new debt, which may temporarily drain the liquidity.

High-leverage trader James Wynn deactivates X account

James Wynn has become a well-known crypto trader. high-leverage crypto bets. appears have deactivated their X social media accounts, after nine-digit losses.

Wynn X’s 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’s profile was changed to just one word before deleting his X account. “broke.”

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

Snoop Dogg is an American rapper who sold out his collection in less than a day. a million non-fungible tokens In 30 minutes, Telegram was able to send NFTs on Wednesday. This seems to defy the idea that the NFT sector is a thriving industry. “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, and marijuana-related items.

There are winners and losers

Bitcoin will be available at the end of each week. (BTC) At $117.967 Ether (ETH) At $2,962 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 (JTO) OKB is 4.57%. (OKB) At 0.64%, Pi (PI) At 0.15%. Read on for more information about crypto-prices. 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 TischhauserSygnum’s head of research, Dr.

“[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. According to the analyst, Bitcoin’s value could reach as high as $258,000.

Apsk32 reports that Bitcoin has followed an exponentially growing power curve over the long term. 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 stop payments in restricted countries

The Chinese Creditor filed an objection to a motion from the FTX estate A Tuesday filing in court stated that this move would prevent payouts from residents who reside in countries with legislation or regulations prohibiting 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.

Second, FTX payments are in US Dollars, which is a legal method of repayment. 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 – a Russian National 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. 

A Friday report by the Russian state-run media outlet TASS stated that Legkodymov’s legal team had officially requested a pardon from Trump after he pleaded to running an unlicensed business of money transmission. 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 about 18 months in jail. 

“Anatoly […] became a target in a political campaign against the crypto market and talented Russian programmers,” Ivan Melnikov said, Vice President of the Russian Branch of 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 Friday statement by Magistrate Laure BECCUAU, prosecutors are investigating whether X has violated French laws through the manipulation of its algorithms in order to fraudulently extract data from users.

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 says that the company takes a stance against the use of cryptocurrencies. Magazine inside a 30,000-phone farm.

Asia Express: Minna Bank, Japan’s blockchain bank, is looking at Solana’s 100K TPS chain.

North Korean defectors are targeted by a scam app. Indonesian exchange lists locally COIN is not all.

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 They can choose any NFTs. One minted ‘massively profitable’ Bored Apes.