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Errol Musk, the father of Tesla and SpaceX founder Elon Musk, is backing a meme coin project by the name of “Musk It” to raise $150 million to $200 million for the launch of a for-profit think tank called the Musk Institute. That’s according to report in Fortune that’s based on an interview with Errol Musk and his business partner, Nathan Browne.  The Musk It meme coin surged 512% in the past 24 hours to reach a market capitalization of $66 million after news of the endorsement by Errol Musk broke. It’s trading at $0.06902 as of 9.27 a.m. EST, 28% below it’s all-time high reached earlier in the period, according to CoinGecko. Errol Musk and his business partner are not the creators of the Musk It token, which was quietly launched by a Middle East-based company last month. Musk, who has a strained relationship with his billionaire son and other members of his family, also said Elon Musk is not associated with the project in any capacity. ...

The US SEC, led under the able leadership of Mark Uyeda, is creating new milestones. For instance, the last meeting was pivotal to the entire cryptocurrency regimen, with the rescinding of SAB 121. This major development was met with great response throughout the US, as it enabled banks to custody Bitcoin. With another meeting scheduled for January 30, 2025, investors are now anticipating more bullish news, especially concerning Ripple (XRP). Also Read: Missed Out? A $10,000 Shiba Inu Investment in 2020 is Now Over $2 Billion Another Closed Meeting Scheduled By The US SEC Source: Decrypt The US Securities and Exchange Commission has listed another closed meeting on its website. This meeting is scheduled to be conducted on January 30th, 2025, sparking major anticipations about new elements being released in the cryptocurrency realm. For instance, a notable XRP enthusiast by the name of Amelie took to X to outline the results of the SEC’s earlier closed meeting. She shared how in th...

Over the years of its existence, an array of firms entered the cryptocurrency market. The industry soon went from being associated with the dark web to the balance sheets of top companies across the globe. This shift was further fueled by governments endorsing Bitcoin (BTC). As Elon Musk joined Donald Trump in the US government, the community was expecting a more amicable stance towards cryptocurrencies in the country. Amidst this, the community was keen on witnessing the changes in Tesla’s BTC holdings. Also Read: Ripple and Cardano Alliance Imminent – Will U.S. Gov Fuel Crypto Surge? Tesla’s Bitcoin Stash Remains Steady Source: The Independent According to Tesla’s Q4 2024 financial report, which was made public on January 29, the company’s Bitcoin assets are currently valued at more than $1 billion. Compared to the previously stated $184 million, this is a significant increase. Bitcoin Treasuries reports that the corporation presently owns 9,720 BTC which was v...

In what is a massive development for both the state and the cryptocurrency, Texas Lieutenant Governor Dan Patrick has revealed plans to establish a Bitcoin reserve in 2025. In a recent statement issued by Patrick, he listed a “Texas Bitcoin Reserve” amid his first round of top 40 priority bills. Texas is certainly not alone, as a slew of US states have sought to establish their own Bitcoin reserves. Moreover, US Senator Cynthia Lummis introduced legislation to establish such a reserve on the federal level. The Bitcoin Act would equip the government with the authorization to purchase and store the leading cryptocurrency. Similarly, Texas is among the states looking to do the same. JUST IN: Texas Lieutenant Governor Dan Patrick unveils plan to establish a "Texas Bitcoin Reserve" in 2025. pic.twitter.com/FwNGPG3kvd — Watcher.Guru (@WatcherGuru) January 29, 2025 Also Read: CME Group to Launch Options Trading on Bitcoin Friday Futures Texas Planning to Introduce Bitcoin Reserve ...

Despite Richard Heart’s career arc reaching heights few could have imagined, there were always signs that he would probably end up on the run. Raised in a poor neighborhood near Pittsburgh, Heart’s — real name Richard Schueler — career peaked with interviewers calling him a billionaire, his own Netflix documentary, and the crypto project he created hitting $85 billion market capitalization. However, that token, HEX, has fallen 97% as of publication time, and last month, Interpol issued a Red Notice for Heart’s arrest. Today, he remains on the European Union’s Most Wanted list and is an international fugitive . HEX, has fallen 97% as of publication time. Heart got rich the wrong way Despite bragging about spending hundreds of thousands of dollars on a single watch, the source of Heart’s money was never clear. He claimed to have operated a multi-million dollar business online, prior to entering the crypto industry but, apart from admitting th...

All of Wall Street was driven to a state of panic to start the week. AI developments had driven a mass trading spree that saw some of the largest companies in the world suffer. However, Apple (AAPL) was one of the few tech stocks safe from the DeepSeek sell-off. That fact is more important to the company than anyone is realizing. The arrival of DeepSeek had proven to be a proverbial wrench in the AI sector. Indeed, the Chinese startup had proven to be as effective as some of the most prominent language model’s in the US, and at a fraction of the cost. However, where Nvidia (NVDA) and Microsoft (MSFT) struggled, the iPhone developer stood firm. Image Source: Markets Insider Also Read: Apple: Billionaires Ditch APPL for One Company Set to Pass it in 2025 Apple Not Harmed by DeepSeek Sell-Off: What it Says About Wall Street and AAPL Just last week, US President Donald Trump said the country would become the “world capital” of AI and crypto when speaking at the World Econo...

The Venice Token price skyrocketed 94% in the last 24 hours to trade at $16.37 as of 02:18 a.m. EST on trading volume that surged 137% to $475 million. Erik Voorhees, the founder of privacy-focused AI platform Venice.ai and crypto exchange Shapeshift, revealed the launch of the VVV token, a crypto that is designed to decentralize access to uncensored AI extrapolation. New token Venice $VVV by @ErikVoorhees launched today and is already at a $1.7bn fully diluted valuation… flipping just about every next-big-thing AI token that existed 48 hours ago. pic.twitter.com/dEkVRP2Rg5 — Stats (@punk9059) January 27, 2025 The token will be focused on addressing the growing concerns about centralized AI control, censorship, and data privacy. Venice Token Price Shows Signs Of A Bearish Trend The VVV price chart exhibits a period of volatility, with significant price movements over the last trading session. Initially, a strong bullish trend can be observed, where the Venice Toke...

The XRP price prediction shows that XRP’s current price action aligns with this pattern, hovering near $3.4 after reaching this high in the previous bull run. XRP Prediction Data: XRP price now – $3.129 XRP market cap – $180.45 billion XRP circulating supply – 57.64 billion XRP total supply – 99.98 billion XRP Coinmarketcap ranking – #3 XRP has experienced remarkable price performance since its initial listing. Its 24-hour price range is between $3.11 and $3.14, with an all-time high of $3.84 reached on January 4, 2018, which is 18.51% lower than today’s price. However, the most impressive statistic is XRP’s all-time low of $0.002802 from July 7, 2014. Since then, XRP has surged by an astonishing 111,615.56%, showcasing an extraordinary rise that highlights the volatility and potential of the token in the ever-changing crypto market. XRP/USD Market Key Levels: Resistance levels: $4.200, $4.400, $4.600 Support levels: $2.300, $...

Cryptocurrency exchange-traded products (ETPs) managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares saw net inflows of $1.9 billion last week following Trump’s recent crypto executive orders, according to CoinShares. On January 23, President Donald Trump signed an executive order, establishing the “Presidential Working Group on Digital Asset Markets.” The group will focus on developing a federal regulatory framework for digital assets and explore the creation of a “strategic national digital assets stockpile.” James Butterfill, Head of Research at CoinShares, said in a Monday report that the executive order built investor confidence, leading to no net outflows from global digital asset investment products last week. Bitcoin And U.S.-Based Funds Dominate Bitcoin-based crypto ETPs attracted $1.6 billion in inflows last week, accounting for the majority of total inflows. As the top-performing crypto funds this year, Bitcoi...

The cryptocurrency market is currently experiencing a fresh phase of renewal. The market is responding well to the new changes now that President Donald Trump has assumed duties as the 47th US president. With Bitcoin aiming for the high price spot, the altcoin market is also maintaining its steady pace. At the same time, coins like Cardano (ADA) and Dogecoin (DOGE) are gaining widespread momentum as the market continues attracting investors across the board. Here’s how both the tokens may perform by early February 2025. Also Read: Chainlink: New Price Prediction Puts a $47 Cap on LINK Cardano Price Path This February Source: Binance Cardano is one of the leading cryptocurrency tokens lately targeting high-price pedestals. ADA has lately shown signs of volatility after dropping 7% in the last 24 hours. After losing its dollar crown, the token is currently sitting at $0.91 and is expected to regain its lost valuation by February 2025. Per CoinCodex, ADA is expected to surge and hit ...

Top assets in the cryptocurrency market have remained the same for a while now. With Bitcoin (BTC) leading the charts, Ethereum (ETH) and Ripple’s XRP have been unshakable. XRP, however, has emerged as a prominent player with its recent uptick. The asset had been struggling to reach a mere $1 for years. 2024 came as a turning point for the altcoin. While most coins had a slow start to 2025, XRP entered the year in full swing and surged to a seven-year high of $3.39. It should be noted that just a year ago, the asset was trading at a dainty price of $3.39. Will the cryptocurrency carry this momentum into the next couple of months is the real question. Also Read: Crypto Czar David Sacks Redefines NFTs and Meme Coins as ‘Collectibles’ Diving Into The XRP Market Source: Coinpedia The third largest cryptocurrency was trading at $3.19, during press time. The asset recorded a 3.35% rise over the past 24 hours, which allowed XRP to go from a low of $3.04 to its current price level. It sho...