Author: kumbhorg

Binance $19.08B Labs has officially rebranded as YZi Labs, considering its focus on artificial intelligence (AI) and biotechnology alongside blockchain technology. Former Binance CEO, Changpeng Zhao (CZ), will remain actively involved, mentoring and guiding startup founders supported by YZi Labs. While YZi Labs explores opportunities in AI and biotech, it remains committed to supporting Web3 innovation and projects with long-term potential. Did you know? Want to get smarter & wealthier with crypto? Subscribe – We publish new crypto explainer videos every week! Is Decentralized Anonymous Blockchain a Myth? (Explained!) “Rebranding to YZi Labs is more than a name change—it reflects…

U.S. President Donald Trump granted a full pardon to Ross Ulbricht, the controversial founder of Silk Road, ending his two life sentences plus 40 years without parole.The pardon signals a potential shift in U.S. cryptocurrency policy under Trump, who has appointed a crypto czar and hinted at creating a Bitcoin strategic reserve.Despite its illicit nature, Silk Road demonstrated Bitcoin’s utility as a decentralized currency and introduced key innovations like escrow and reputation systems.Ulbricht’s pardon underscores Trump’s outreach to Libertarian supporters, who have long criticized his harsh sentencing as government overreach. This decision appeals to advocates of personal freedom and limited…

Charles Hoskinson is part of Trump’s crypto advisory team. Expect a $15 Cardano price this cycle. Cardano (ADA) .cwp-coin-chart svg path { stroke-width: 0.65 !important; } Price Volume in 24h <!– ? –> Price 7d is hitting record highs in daily active addresses, even as its price struggles. Whale investors are piling in, and upgrades are bolstering its ecosystem. Here’s what’s next for the Cardano price. Daily Active Addresses Surge Despite Market Dip in Cardano Price According to data from blockchain analytics firm Santiment, Cardano’s network recently surpassed 50,000 daily active addresses, hitting 50,828 earlier this week. This milestone reflects…

WazirX, an Indian cryptocurrency exchange, has received approval from a Singapore court for its restructuring plan to repay users affected by a $235 million cyberattack that occurred in July 2024. The cyberattack was attributed to North Korea’s Lazarus Group.Restructuring Plan and Recovery:The Singapore High Court’s approval came on January 23, 2025, under the Companies Act 1967. This approval is for a scheme that aims to distribute funds back to the victims of the hack.Users are expected to recover up to 80% of their stolen funds, although this process will not fully compensate for the losses, it’s a significant step towards…

January’s wrapping up, and the Federal Open Market Committee (FOMC) is set to kick off 2025 with its first big decision on interest rates. Maybe Fed Chair Jerome Powell will launch an official $JPOW token on Solana. Obviously. Jokes aside the FOMC meeting, set to end January 29, has markets bracing for impact—none more anxious than Bitcoin holders, who are eyeing potential aftershocks in the crypto space. FOMC IN Focus Current Interest Rate Expectations So far, markets have been all but unanimous under President Donald Trump. The FOMC will keep interest rates locked at 4.25%—4.5% this month, with CME data…

Created on January 23, 2025  | Updated on January 23, 2025 The bullish environment continues for global equities, led higher by the US stock market, especially AI technology, which saw the S&P 500 Index trade at a new all-time high late yesterday.Stock markets are generally bullish globally, with the USA’s market performing well, led higher by the election of President Trump who traditionally makes boosting the stock market one of his top policies. The S&P 500 Index reached a new record high at 6,100 yesterday but fell back a bit at the end of the session and failed to make a…

Daily Pivots: (S1) 1.2291; (P) 1.2333; (R1) 1.2359; More… Intraday bias in GBP/USD remains neutral as consolidation pattern from 1.2099 is still extending. Further decline is expected with 1.2486 support turned resistance intact. On the downside, break of 1.2099 will resume the fall from 1.3433 to 100% projection of 1.3433 to 1.2486 from 1.2810 at 1.1863. In the bigger picture, rise from 1.0351 (2022 low) should have already completed at 1.3433, and the trend has reversed. Further fall is now expected as long as 1.2810 resistance holds. Deeper decline should be seen to 61.8% retracement of 1.0351 to 1.3433 at…

Daily Pivots: (S1) 155.68; (P) 156.20; (R1) 157.04; More… Intraday bias in USD/JPY stays neutral for the moment, and some more sideway trading might be seen. On the downside, sustained trading below 55 D EMA (now at 154.73) will extend the correction from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49 next. However, firm break of 158.86 will resume the whole rally from 139.67 to retest 161.94 high. In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low). The range of medium term consolidation should be set between…

Daily Pivots: (S1) 1.0368; (P) 1.0401; (R1) 1.0461; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 1.0435 resistance will extend the rebound from 1.0176 to 38.2% retracement of 1.1213 to 1.0176 at 1.0572. Rejection by 1.0435 will keep the correction from 1.0176 relatively short. Firm break of 1.0176 will resume whole fall from 1.1213. In the bigger picture, fall from 1.1274 (2023 high) should either be the second leg of the corrective pattern from 0.9534 (2022 low), or another down leg of the long term down trend. In both cases, sustained break…

Investors appeared to be biting their nails ahead of U.S. President Trump’s speech in the World Economic Forum, which delivered on major announcements and big market moves. The S&P 500 index surged to a fresh record high while WTI crude oil tumbled sharply to close nearly 2% in the red. Here are the latest headlines and how financial assets performed: Headlines: New Zealand visitor arrivals recovered 1.0% month-on-month in November after staying flat in the previous month Japan’s trade deficit narrowed from 0.39T JPY to 0.03T JPY (-0.51T JPY forecast) as exports hit record high U.K. CBI industrial order expectations…