Crypto Miami

📈 Peter Schiff Sounds Alarm on Inflation and Economic Instability ⚠️ Economist Peter Schiff has raised serious concerns about accelerating inflation and the Federal Reserve's inadequate response. He criticized traders for selling gold in reaction to inflation data, stating,

The knee-jerk reaction to sell gold on hotter than expected inflation news was wrong.

📉 Schiff emphasized that rising inflation is bullish for gold, regardless of delayed rate cuts. He pointed out that real interest rates are falling due to the Fed's failure to hike rates. He warned,

Even if you annualize the last three months of CPI data, the inflation rate is 5%. Inflation is running away and the Fed is asleep at the switch.

⚡️ In another post, Schiff predicted that inflation will be much higher in 2025 than in 2024, but not due to tariffs. He noted,

However, the Democrats will blame the higher inflation on the tariffs, and the public is likely to believe them.

📊 He also warned of broader consequences of inflation, particularly on interest rates and economic stability. He stated,

Inflation and long-term interest rates, including mortgage rates, will be higher in 2025 than they were in 2024. The economic drag this will create will likely result in an official recession being recognized before year-end.

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🚀 Trade, Refer & Earn Points for $PRVX 🚀 🔥 PriveX DEX is Now LIVE on Base! Trade 300+ pairs with up to 60x leverage using intent-based order execution to provide deep liquidity. Soon, the AI Trading Agents Launchpad will let anyone create their own AI-powered trading agent to automate and execute trades effortlessly. 🤖 AI Trading Agents & Vaults - DeFAi is Here Users can customize AI agents, connect any data source, and let the AI trade for them. Each agent will have a dedicated vault where users can deposit USDC, earn from the agent’s PnL, and benefit from token buybacks. 🎯 How to Earn $PRVX? 🔹 Trade, Refer & Earn points for the upcoming airdrop! Start trading now 👉 app.prvx.io Follow for updates 👉 PriveX on X, Official TG

🌍 Bitcoin's Rapid Adoption: A Glimpse into the Future 🚀 Bitcoin adoption is skyrocketing, with predictions of billions using it by 2030. This surge is driven by increasing demand and favorable regulatory developments, according to Coinbase CEO Brian Armstrong. 📈 Armstrong responded to a post by Mario Nawfal that compared the adoption rates of bitcoin, the internet, and mobile phones. Nawfal cited Blackrock's data, stating that

Crypto has hit 300M users in just 12 years—43% faster than mobile phones and 20% faster than the internet.

He attributed this rapid growth to younger generations, inflation fears, and supportive political stances. 🗣 Armstrong acknowledged the challenges in making direct comparisons but emphasized the potential for bitcoin's continued expansion. He stated,

Bitcoin adoption should get to several billion people by 2030 at current rates.

📊 Blackrock's research highlights bitcoin's swift adoption since its launch in 2009. It reached 300 million users twice as fast as the internet and three times faster than mobile phones. This growth is fueled by digital-native younger generations and concerns over financial stability. 🌐 The report notes that while the internet and mobile phones transformed communication, bitcoin serves as both an investment asset and a potential global currency. This dual function signifies a major shift in financial systems.

➡️ Nigeria's First Compliant Stablecoin: cNGN 🚀 A coalition of software firms has launched Nigeria's first compliant stablecoin, cNGN, now part of the Nigerian Securities and Exchange Commission's incubation program. This stablecoin is operational on two licensed digital asset exchanges in the country. 🗣 Adedeji Owonibi, the project's director, stated that it took three years to reach this milestone. He noted that cNGN is active on major blockchain protocols such as Assetchain, Bantu, Base, BNB, Ethereum, and Polygon. The issuer claims that the stablecoin aims to enhance capital market and financial operations in the digital era. ♾ The initiative behind cNGN comes from Alphageek, Convexity, Interstellar, and the Digital Currency Coalition. They believe that this launch will bring regulatory compliance and stability to Nigeria's digital economy. This approval from the Nigerian securities regulator follows a recent commitment to expedite the licensing of digital asset entities. ⚠️ However, critics argue that cNGN, being pegged to the depreciating naira, may struggle to gain popularity as many Nigerian digital asset users prefer Tether's USDT backed by the stable U.S. dollar. 💬 Despite this, some industry observers view cNGN as a potential facilitator for faster cross-border payments. Senator Ihenyen, lead partner at Infusion Lawyers, expressed optimism:

An NGN-backed stablecoin provides a fresh opportunity for operators and users to access a stablecoin that enables them to make cross-border payments faster, cheaper and more secure.

➡️ The cNGN team announced plans for a rollout across partner exchanges and financial institutions starting in February.

How Much Are Crypto Exchanges Really Worth? The valuation of cryptocurrency exchanges like Binance, Kraken, and others is gaining attention in global media. A new approach has been introduced to estimate their market worth—not just based on trading volumes but through a broader set of key metrics. This method considers six important factors: 🔍 Transparency – How openly exchanges share information about their operations. 📊 Activity – User engagement and trading volumes. 💰 Capital – Financial strength and available reserves. 🛡 Security – Measures in place to protect users and funds. ✅ Compliance – Adherence to regulatory standards. 📈 Proof of Reserves – Verification of solvency and financial backing. By analyzing these elements, the formula offers a structured way to assess exchanges beyond surface-level figures. While not a definitive valuation model, it provides useful insights into how different platforms operate and manage risks in the crypto space. Read more in the article 👉 https://coincodex.com/article/58281/unveiling-the-metrics-understanding-the-market-value-of-leading-crypto-exchanges/

🚨 Coinbase Users Lose Millions to Scams Amid Allegations of Inaction 💰 Pseudonymous onchain analyst Zachxbt has claimed that Coinbase users, particularly the elderly, have lost over $300 million annually to social engineering schemes orchestrated by sophisticated Indian scam artists and a cybercriminal network known as "The Community". Social engineering involves manipulating individuals to gain access to private information, with one notable case involving hackers creating a clone of Coinbase's website to deceive victims. 📉 In the past two months alone, users reportedly lost over $65 million to these scams. Zachxbt criticized Coinbase for failing to take adequate measures to address this issue, stating,

Coinbase needs to urgently make changes as more and more users are being scammed for tens of millions every month.

He emphasized that most of the responsibility lies with the company's leadership. 🔍 When questioned about these allegations, Coinbase referred to a blog post published on the same day, which provided tips for mitigating social engineering risks. The post acknowledged that social engineering attacks are a significant cause of customer losses and noted a 10x increase in such attacks targeting financial institutions over the past year. However, it did not confirm or deny Zach's $300 million figure. ⚖️ Zach pointed out that other exchanges like Kraken, OKX, and Binance do not face the same issues. He cited a report from Binance revealing that it had prevented scams that could have cost its customers $129 million. He criticized Coinbase for not reporting theft addresses used by hackers to launder stolen funds and for providing inadequate customer support to victims. 🛠 To combat the rise of scams, Zach suggested several measures Coinbase could implement, including making phone numbers optional for users with an authenticator app, allowing beginners and the elderly to disable withdrawals on their accounts, and ensuring 24/7 availability of support agents. He also urged Coinbase to establish better communication channels with its customer base. 💪 Despite these challenges, Zach asserted that Coinbase has the resources to take legal action against members of The Com network and set a positive example in the industry. He stated,

Coinbase is in a position where they have the power to make these changes and set a good example, but they have chosen to do little to nothing.

▶️ Hungary Threatens to Block EU Sanctions Against Russia Over Energy Security Concerns ⚠️ Hungarian Prime Minister Viktor Orban has warned that Hungary may block further extensions of European Union sanctions against Russia if the European Commission fails to uphold its commitments regarding energy security. Orban stated on Kossuth radio that sanctions have cost Hungary billions of euros, amounting to €19 billion over three years.

Hungary is interested in sanctions [imposed by the EU against Russia] being lifted as in three years we lost 19 billion euros due to them,

Orban explained. He emphasized that continued cooperation with the EU depends on Brussels fulfilling its promises about Hungary's energy needs. 🌐 Brussels had previously assured Hungary of energy security by preventing disruptions to oil flows through the Druzhba pipeline and ensuring the safety of the Turkstream gas pipeline. In exchange for supporting the extension of EU sanctions against Moscow, Hungary was promised these protections. However, Orban expressed concerns that these commitments may not be fully honored.

If the European Commission fails to do as we agreed, sanctions will be lifted,

he declared. He also pointed out that Ukraine's suspension of Russian gas transit to Central Europe has heightened the urgency of securing stable energy supplies. 🔄 Hungary has consistently sought exemptions in the energy sector to maintain access to Russian oil and gas despite broader EU restrictions. The country relies on oil delivered through the Druzhba pipeline and gas supplied via Turkstream and its extensions in Bulgaria and Serbia. 💬 Following Hungary's warning, Brussels committed to addressing Budapest's concerns regarding energy security. Orban noted that EU sanctions against Russia are renewed every six months based on consensus, and Hungary's position is crucial in that decision-making process. If the European Commission does not uphold its commitments, he stated, Hungary will push for sanctions to be lifted within six months.

⁉️ Bitwise Seeks SEC Approval for Dogecoin ETF Amid Growing Crypto Interest 🚫 Bitwise Investment Advisers LLC has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed Dogecoin ETF. This fund aims to provide investors with direct exposure to Dogecoin's (DOGE) market price, holding the cryptocurrency itself rather than derivatives. The ETF will use the CF Dogecoin-Dollar Settlement Price as its pricing benchmark, which is based on aggregated trade data from major Dogecoin exchanges. 🔍 If approved, the ETF's shares will be listed on an exchange yet to be determined. It is designed to be passively managed, without active trading strategies to respond to price fluctuations. Shares will be issued and redeemed in 10,000-share increments by authorized participants, allowing investors to buy and sell on the open market, although prices may vary from the fund's net asset value (NAV). 🔒 Coinbase Custody Trust Company LLC will manage the secure storage of the fund's DOGE holdings. Notably, the filing specifies that the ETF will not engage in staking or lending activities, distinguishing it from other cryptocurrency investment vehicles that seek to generate additional income. 📈 This filing comes at a time of increasing interest in cryptocurrency-based ETFs, particularly following the approval of spot Bitcoin and Ethereum ETFs. Asset managers are optimistic about the potential for more cryptocurrency funds to gain regulatory clearance after the departure of former SEC Chair Gary Gensler. Other digital assets like XRP, Solana (SOL), and Litecoin (LTC) are also being considered for future ETFs as the industry moves towards greater integration of crypto assets into traditional investment markets.

🎉 Celebrating 6 Years of WBTC: A Milestone for the Community 💼 On January 20, 2025, World Liberty Financial (WLFI), a DeFi platform associated with President Donald Trump, made a significant move by purchasing over $100 million in crypto tokens. This included a substantial investment of $47 million in Wrapped Bitcoin (WBTC). Just a few days later, on January 23, 2025, WLFI continued its crypto buying spree with an additional acquisition of $9.84 million in WBTC. As a result of these transactions, WLFI now holds a total of $67.6 million in WBTC. 🗓 On January 31, 2025, WBTC will mark the 6th anniversary of its first token minting. As the largest and longest-running wrapped Bitcoin asset, this event holds great significance for both WBTC and its community. 📢 In preparation for this milestone, WBTC has undertaken several initiatives: ❗️ Organized a "Share to Earn" story contest ❗️ Published a review highlighting our growth milestones and record achievements ❗️ Released a recount of Bitcoin’s history WLFI’s purchase is a significant win for both WBTC and the crypto community in general, signalling growing support for wrapped Bitcoin products.

📉 Bitcoin's Price Drop Triggers Major Liquidations 📉 On Sunday, bitcoin's price fell to an intraday low of $101,957 after reaching a high of $105,424 earlier in the day. This decline led to the liquidation of over $128 million in bitcoin long positions across crypto derivatives markets within a four-hour period. 🔵 As of 8 p.m. ET, the cryptocurrency market is valued at $3.5 trillion, despite a 2.56% decrease in the last 24 hours. Bitcoin, which had been trading steadily between $104,800 and $105,400, began to lose ground around 2 p.m. ET. 🔴 The leading cryptocurrency now has a market capitalization of $2.04 trillion, reflecting a 1.7% decrease against the U.S. dollar, with individual coins trading at $102,052. In the past 24 hours, bitcoin recorded a global trading volume of $21.80 billion, with late-afternoon selling pressure contributing to a moderate increase in activity. 🌟 Total liquidations across crypto derivatives markets reached $371.94 million during this time frame, including $132 million in bitcoin long positions, with $128 million occurring in just four hours. Despite these sell-offs, open interest in bitcoin futures markets remains high, exceeding $64 billion. ▶️ Within the crypto economy’s overall trading volume of $83.94 billion, tether (USDT) dominated with $67 billion, reaffirming its status as the day’s most-traded token. Bitcoin currently commands 57.9% of the crypto market’s aggregate value, while ethereum accounts for 11.1% as of Sunday. ⚠️ The Crypto Fear and Greed Index, published by Alternativeme, stands at 71, indicating a prevailing sentiment of “greed.” Recent fluctuations in bitcoin’s price highlight the ongoing tug-of-war between bullish optimism and market uncertainty as January nears a close. ❗️ While long liquidations and selling pressure indicate investor caution, the sustained high trading volumes and open interest suggest that confidence remains a significant force.

🔴 Okx Moves Closer to Full MiCA License with Pre-Authorization 🌟 Okx Exchange has received pre-authorization under the Markets in Crypto-Assets Regulation (MiCA) for Virtual Financial Assets (VFA), bringing it closer to obtaining a full MiCA license. This license will enable Okx to offer localized crypto services to over 400 million Europeans through its European Economic Area (EEA) hub in Malta. ➡️ The full MiCA license will allow Okx to provide regulated crypto exchange products, including spot and bot trading for more than 240 cryptocurrency tokens across 260 trading pairs and 60 Euro-based trading pairs. 🌍 Okx plans to obtain the full MiCA license from its Malta hub, which can be utilized across all 30 EEA member states. The exchange chose Malta as its MiCA hub due to the country's comprehensive regulatory approach and high standards for blockchain and cryptocurrency, as well as its strong technology infrastructure.

We currently hold a Class 4 VASP license from the MFSA

said Okx.

▶️ Ethereum Foundation Adopts Safe Multisig Wallet for DeFi Engagement ✨ The Ethereum Foundation has announced the establishment of a new multi-signature wallet utilizing the Safenet platform to improve its treasury operations and enhance its involvement in the decentralized finance (DeFi) ecosystem. This wallet operates on a 3-of-5 multisig structure and is located at the address “0x9fC”. A transaction has been initiated to transfer 50,000 ether (ETH) to this wallet; however, Hsiao-Wei Wang from the foundation mentioned that delays in the signing process may extend the transfer time by several days. 💼 The foundation has expressed its commitment to using this wallet for DeFi activities and has already conducted a test transaction on the Aave lending protocol. The announcement indicated plans for a gradual migration of additional funds to the Safe wallet, highlighting its strong security features and user-friendly interface. 📈 This move represents a significant step in the foundation's ongoing efforts to manage its treasury effectively while leveraging DeFi tools. Further updates regarding this transition are anticipated, with Wang encouraging stakeholders to stay informed. ⚠️ The Ethereum Foundation has faced various challenges, including criticism over ETH sales for operational funding, decreasing ecosystem activity, and competition from other blockchains like Solana. Recent leadership restructuring aims to enhance transparency and collaboration, while concerns about neutrality arise from staking its $1 billion ETH. Efforts to increase community engagement and clarify Ethereum's unique value proposition are crucial for maintaining its market dominance.

💰 Don't Miss Out on $DEFI After $TRUMP and $MELANIA 🚀 If you missed the opportunity with $TRUMP and $MELANIA, now is your chance to get in on $DEFI. 🔗 Here are the contract addresses for Ethereum, BNB Chain, and Solana: - Ethereum: 0x6B0FaCA7bA905a86F221CEb5CA404f605e5b3131 - BNB Chain: 0x6d106C0B8d2f47c5465bdBD58D1Be253762cBBC1 - Solana: HXwh9i8D1LKkVK8WfMjFPyiyVZ4Auh9aLD5ut4LCRqqR

📈 Wintermute Reports 313% Growth in OTC Trading Volumes Amidst Crypto Market Surge 📊 A recent report from Wintermute, a leader in algorithmic market-making and high-frequency trading (HFT), highlights a remarkable 313% increase in the company's over-the-counter (OTC) trading volumes, surpassing the overall 142% growth in crypto exchange activity. The firm also provided insights for 2025, predicting significant momentum in institutional adoption of cryptocurrencies.

Wintermute’s spot OTC trading desk experienced substantial growth across all key metrics,

the report stated. It noted a significant expansion in market coverage, which grew by 64% to include 946 unique trading pairs. 📈 Wintermute revealed that contracts for difference (CFD) volumes increased to represent 4.3% of its total OTC trading activity within just nine months. The report also addressed the potential establishment of a U.S. strategic bitcoin reserve, stating,

The U.S. will begin consultations to create a strategic bitcoin reserve; China, UAE, and Europe will be forced to follow.

💰 The firm predicted that a publicly listed company might issue debt or equity to acquire ethereum (ETH). It also anticipated that significant corporate events, such as dividend payouts or mergers, would be conducted using stablecoins. Additionally, Wintermute forecasted the launch of a meme coin exchange-traded fund (ETF), specifically focusing on dogecoin (DOGE). 🏦 Furthermore, Wintermute expected a ‘systemically important bank’ to start offering spot cryptocurrency trading to its clients. The firm also predicted that non-EVM layer-1 and layer-2 solutions would gain market share, while Ethereum would continue to dominate the sector. ⚡ Wintermute’s forecasts for 2025 suggest a transformative shift in the financial landscape, with digital assets poised to play a crucial role in corporate and institutional frameworks. If these predictions materialize, they could lead to a redefinition of market operations and a significant adjustment of traditional finance (tradfi) in response to rapid advancements in blockchain technology.

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Solv Protocol: The Future of BTCFi Starts Today ON BINANCE! BTC has reached $102K, signaling a comeback in the bull market! Today marks the launch of SOLV, BTC's leading project, which is set to revolutionize the space. Here are the key highlights: ✅ Over $300M in Funding: Supported by Binance Labs, OKX Ventures, and Blockchain Capital! ✅ Integration Across 16 Chains and 50+ Protocols ✅ Transparent and Profitable Model: Offers real earning opportunities for users! Strong Vision for BTCFi 🔹 Breaking down barriers for Bitcoin holders 🔹 Combining TradFi, DeFi, and CeFi with a reserve of 25,000 BTC 📈 Timing is Crucial 🔹 Trump’s return on January 20 is expected to boost Bitcoin support 🔹 Dual Listing on Binance TR and HyperLiquid For more information: 👉 https://x.com/SolvProtocol 👉 https://2jmtt.com/kol/2412/202412307658.html 🌟 The journey to dominate the BTC ecosystem begins NOW!

🤯 $LINGO Breaks Out: Time to Pay Attention! $LINGO has officially broken resistance at $0.42, flipping it into support! 💡 Even without being a TA expert, the signs are clear: - Strong contender in the RWA space with unmatched potential. - Market cap is 100x smaller than established RWA giants like Ondo and Pendle, leaving huge room for growth. ⚡️Momentum is building fast — don’t miss the next leg up. $LINGO is leading the charge! X: https://x.com/Lingocoins Website: https://lingocoin.io/

🇺🇸 US CPI Comes in At 2.9%, Will Bitcoin Price and Crypto Market Slump Or Surge? 📊 The US CPI inflation report reveals 3rd consecutive increase but Bitcoin price and crypto market saw further recovery as Treasury yield drop 👉 Read more

🔐 $DEFI MajorCEX Listing on January 28 👑 DeFi: A Promising Venture Backed by Industry Leaders 🚀 The De.fi project is supported by prominent figures from major cryptocurrency platforms such as Binance, Coinbase, OKX Ventures, and ConsenSys (Metamask). This backing highlights the project's credibility and potential within the decentralized finance space. 📣 Recent announcements on the project's website and Twitter have stirred speculation about an upcoming significant listing on a centralized exchange (CEX). Many are wondering if this will be on Binance, OKX, or Coinbase, which are the three largest crypto exchanges. Such a listing would be a bullish indicator for $Defi. 🔍 The frequent activities and events surrounding $Defi demonstrate that the team is dedicated to advancing and expanding the project. This commitment is crucial for building trust and attracting more users in the competitive DeFi landscape. Source: https://x.com/DeFi/status/1879106268838924704