2025 crypto trading and market thread

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Note: This thread is a continuation from previous crypto market and trading thread

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Elon Musk X account name change spurs ‘Kekius Maximus’ insider trading questions​

In this post:​

  • Elon Musk’s X profile change to “Kekius Maximus” sparked an 184x surge in the memecoin’s market cap, fueling insider trading rumors.
  • Kekius Maximus combines humor with real-world utility, a deflationary model, and decentralized governance; it also promises an upcoming P2E game launch.
  • Musk retains a strong influence on the crypto market as his X posts and avatar changes continue to shift trends, drive massive price movements, and generate speculation.
More:


Elon Musk’s X move tanks Kekius Maximus token 60% in an hour; Whale cashes out $2.3M profit​

In this post:​

  • Elon Musk took up the name “Kekius Maximum” on X and changed his profile image to the character Pepe the Frog.
  • Some have suggested that Musk’s move has a hidden meaning, given that Kekius and the meme character Pepe have been linked to far-right groups.
  • The Kekius Maximus token has fallen by over 80% in the last 24 hours.
More:

 
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How AI partnerships could drive bitcoin mining stocks higher in 2025: CNBC Crypto World​

Jan 3, 2025 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Brian Dobson of Clear Street shares his outlook for bitcoin mining stocks in 2025.

10:09

Chapters:
00:00 - CNBC Crypto World, Jan 3, 2025
0:22 - Bitcoin hovers at $97K
0:54 - The headlines
2:17 - Brian Dobson of Clear Street
 

What to know:​

  • Cango, a Chinese automotive transaction service platform, forayed into bitcoin mining in November.
  • The company spent $400 million to acquire 50 EH/s of mining power, immediately becoming one of the largest miners in the world.
  • The firm is heavily relying on Bitmain for operational services.

How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse

Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry.
www.coindesk.com
 
searcher said:
How AI partnerships could drive bitcoin mining stocks higher in 2025...
Click to expand...

I actually see this a warning sign about the health of the Bitcoin network. BTC miners are finding their mining operations increasingly less profitable.
 

Trader turns $2K into $3.2M in 10 hours on metaverse token​

A trader generated over $3.2 million in profit despite a slump in the broader crypto markets, which are still recovering from a lack of liquidity during the holiday season.

The unidentified trader turned an initial investment of $2,137 into over $3.2 million by trading the newly launched Hyperfy (HYPER) token.

The return equates to more than 1,500 times the initial investment in just 10 hours, according to blockchain analytics platform Lookonchain, which detailed the feat in a Jan. 6 post on X:

“Turned $2,137 into $3.24M in just 10 hours—a 1,515x return… Since then, the trader has been taking profits, selling a total of 17.88M HYPER for 10,286 SOL($2.21M) and still holding 4.12M HYPER ($1.03M).”
Click to expand...


More:

https://www.msn.com/en-us/money/oth...S&cvid=69c0ae3b19874e899850f6ba03aabedb&ei=43
 
pmbug said:
I actually see this a warning sign about the health of the Bitcoin network. BTC miners are finding their mining operations increasingly less profitable.
Click to expand...

I've always wondered about this. Because you have cut the rewards And made the problems more difficult with every Halving. But it seems that this has been part of the driving force to increase the price in order to compensate. With all the leverage and extreme price of mostly just Bitcoin I don't know if that can keep up.
 
Looks like Bitcoin is taking it on the chin at the moment. No idea why. Looks to have formed a Head and Shoulders and if you get below ~91,800 could be in for quite a tumble. I'd say about 75,000.
 
Voodoo said:
Looks like Bitcoin is taking it on the chin at the moment. No idea why. ...
Click to expand...

No forensic analysis, but I suspect it's likely related to the EU essentially blackballing Tether (USDT) from use in Europe (and consequently major exchanges dropping support for it). I imagine there is a bit of a liquidity suck right now with Tether value being frozen out of a major markets.
 
Tether/EU/MICA compliance details were posted here:

Post in thread 'Stablecoins'

European MiCA regulations are causing some CEXes to drop support for Tether (USDT) and a few other stablecoins:
 

Bitcoin falls to $94,000, giving back most of 2025's early gains: CNBC Crypto World​

Jan 8, 2025 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, JP Richardson of Exodus discusses the self custody firm's listing on the New York Stock Exchange.

9:39

Chapters:
00:00 - CNBC Crypto World, Jan 8, 2025
0:18 - Bitcoin slides
0:32 - The headlines
1:46 - JP Richardson of Exodus
 
Voodoo said:
... No idea why. ...
Click to expand...

I forgot that Waller (Federal Reserve) also said some things this morning. I think he might have spooked the markets (expectations for interest rate policy).
 

DOJ approved to sell $6.5 billion in Bitcoin from seized Silk Road assets​

A federal judge approved the U.S. Department of Justice (DOJ) to sell $6.5 billion in Bitcoin acquired from the Silk Road marketplace. Chief U.S. District Judge Richard Seeborg rejected a motion to prevent the forfeiture of 69,370 Bitcoin, allowing the Department of Justice to proceed with selling the assets, as stated in a court filing.

The approval comes just shy of two weeks before the new administrator, who pledged not to sell the seized Bitcoin, takes office. The DOJ had cited Bitcoin price volatility as the reason for its need for a rushed sale of the assets.

More:

https://www.msn.com/en-us/news/crim...S&cvid=a1ad2a53ddb347daba10c3bc3fc7a781&ei=16
 
searcher said:
...
The approval comes just shy of two weeks before the new administrator, who pledged not to sell the seized Bitcoin, takes office. ...
Click to expand...

So, another politically motivated move intended to undermine Trump administration policy. These coins might have served as the foundation for a "strategic BTC reserve". Government is so stupid.
 

Thai police seize nearly 1,000 Bitcoin miners in raid: Report

Thai police and electricity officials have reportedly seized 996 Bitcoin mining rigs from a company they claim illegally diverted electricity to run the machines. The Bitcoin (BTC) miners were confiscated from JIT’s facility in Phanat Nikhom, Chon Buri, on Jan. 8, Police Major General Montree Thesk…
www.tradingview.com
 

Bitcoin faces headwinds as investors focus on the economy: CNBC Crypto World​

Jan 10, 2025 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Foley of the Bitcoin Opportunity Fund discusses the recent pressure on bitcoin as investors turn away from the postelection rally and focus on the economy.

11:21

Chapters:
00:00 - CNBC Crypto World, Jan 10, 2025
0:20 - Bitcoin slips after jobs data
0:58 - The headlines
1:52 - David Foley of Bitcoin Opportunity Fund
 

Free Ross. Damn thieves
 

'Razzlekhan' Drops New Song Before Prison​

Jan 10, 2025

The U.S. Consumer Financial Protection Bureau is proposing to put digital wallets under the same standard as bank accounts. Meanwhile the Republican-led Senate Banking Committee seeks to create a digital assets subcommittee. Plus, "Razzlekhan" releases a new music video as she prepares for prison. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry.

2:42
 
Podcast, nothing to see, can listen in one tab, play around the forum in a different tab. Start at the 3 min, 15 sec mark unless you enjoy someone touting their wares. 1 hr 8 mins long.

228. The Bitcoin Standard w/ Rep. Thomas Massie​

Jan 14, 2025

US Congressman Thomas Massie has read The Bitcoin Standard and enjoyed it so much he tabled legislation to end the Fed! He joins Saifedean to discuss The Bitcoin Standard, Austrian economics, American politics, AIPAC and much more!


Channel: https://www.youtube.com/@saifedean
 

Bitcoin rises to $105,000 as investors anticipate pro-crypto policy from Trump: CNBC Crypto World​

Jan 17, 2025 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cosmo Jiang of Pantera discusses crypto's rise ahead of President-elect Trump's inauguration.

10:56

Chapters:
00:00 - CNBC Crypto World, Jan 17, 2025
0:21 - Bitcoin rises
0:48 - The headlines
1:57 - Cosmo Jiang of Pantera
 
Trump is hosting a crypto event tonight:

The Inaugural Crypto Ball

A Celebration ofNew Beginnings: American Innovation
We are pleased to announce the Inaugural Crypto Ball, presented by BTC Inc. and Stand With Crypto. Join us at the Andrew W. Mellon Auditorium in Washington, D.C., on Friday, January 17, 2025, from 8:00 p.m. to midnight.Enjoy cocktails and...
tickets.cryptoball.us
 
The new Trump era begins this coming week. Trump has stated his intent to promote the crypto industry broadly and "made in USA" specifically. His campaign rhetoric has included statements indicating that he wants to eliminate taxes on "made in USA" crypto. There is speculation swirling that he might push for a "strategic reserve" of "made in USA" crypto. But what exactly is "made in USA" crypto?



Not listed there (curiously) is Solana (SOL) made by Solana Labs (based in San Francisco, CA). Trump's new $TRUMP meme coin is built on the Solana network. Solana was also prominently featured at Trump's Crypto Ball last night.
 

The Man Making Billions From the Wildest Bitcoin Bet​

Michael Saylor’s company doesn’t market any hot products or services. What he and MicroStrategy MSTR 8.04%increase; green up pointing triangle do is sell new shares and debt, at a pace rarely seen in corporate history. Saylor plows all that money into bitcoin, vowing to keep doing it, over and over.

MicroStrategy shares are up about 690% in the past year and the 59-year-old executive chairman’s approximately 10% stake is worth about $9.7 billion, while he personally owns an additional $1.9 billion or so of bitcoin.

Saylor has emerged as the public face of the recent bitcoin craze, with nearly 4 million followers on X. To celebrate bitcoin topping $100,000, Saylor hosted a New Year’s Eve party for several hundred members of the crypto community at his waterfront, Miami-area estate, near his luxury yacht. A half-dozen dancers dressed in gold performed. Celebrities mingled with investing luminaries, including Bill Miller, the former Legg Mason fund manager; Peter Briger, chairman of Fortress Investment Group; and Mark Casey, a key portfolio manager at Capital Group. The event was livestreamed on YouTube to tens of thousands of bitcoin fanatics as Saylor, in a black blazer and a bitcoin T-shirt, presided.

More:

 
Having watched $TRUMP sap liquidity away from almost the entire crypto complex over the last couple of days, it seems to me like Trump may have hammered the final nail in Ethereum's coffin. By launching his meme coin on Solana, he's effectively endorsed Solana over Ethereum (and it's L2 chains). This isn't an explicit thing, but I think it's going to mark a pivotal moment for both chains as developers and investors take note of where the action is and the spotlight is squarely on Solana now. If I'm right, it's likely that Ethereum is going to start waning as folks rotate out of the Ethereum ecosystem (including it's L2s) and into Solana.

That doesn't mean that I think Solana will inherit the crypto crown though. I fully expect other cryptos to challenge Solana for real world utility, but it takes time for these challenges to develop and play out. Solana will likely steal Ethereum's 400lb gorilla crown for a while (a few years) before losing it (once they actually acquire it).

If Trump doesn't pump Bitcoin by either comments or deeds (Strategic Bitcoin Reserve vs. Strategic Crypto Reserve), Bitcoin could also start seeing some liquidity drain as folks chase gains elsewhere. Bitcoin maxis on X are definitely quiet, nervous and/or defensive right now, so the fear sentiment is somewhat palpable.
 
Out of Solano. I don't think these idiots know how an exchange is supposed to work. You bring me Solana and trade it for the coin you have.
 

Is there a technical advantage to Solano over Etherium? I seem to remember Eth transactions being really slow to process as well. Is Solano much faster?
 
Voodoo said:
Is there a technical advantage to Solano over Etherium? I seem to remember Eth transactions being really slow to process as well. Is Solano much faster?
Click to expand...

Yes. Solana is much faster and cheaper (gas/transaction fees).
 
Voodoo said:
Can it also handle the smart contract like functions?
Click to expand...
Yes.

Ethereum vs Solana: A Battle for Smart-Contract Supremacy

Ethereum & Solana are prominent blockchains, each hosting native cryptocurrencies. Know more about differences in speed, transaction speed, scalability, fees
atomicwallet.io

I also posted a lot of information about Solana here:

Solana (SOL)

 
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SEC launches crypto task force as President Trump's second term begins: CNBC Crypto World

Jan 21, 2025 #CNBC #cnbctv

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Austin King of Omni Labs reacts to the crypto market price moves in reaction to Donald Trump's inauguration.

13:40

Chapters:
00:00 - CNBC Crypto World, Jan 21, 2025
0:25 - Bitcoin retreats
1:14 - The headlines
5:22 - Austin King of Omni Labs
 
Voodoo said:
Free Ross. Damn thieves
Click to expand...

Trump pardons founder of Silk Road website

WASHINGTON (AP) — President Donald Trump announced Tuesday that he had pardoned Ross Ulbricht, the founder of Silk Road, an underground website for selling drugs.

Ulbricht had been sentenced to life in prison in 2015 after a high-profile prosecution that highlighted the role of the internet in illegal markets.

More:

https://www.msn.com/en-us/news/poli...S&cvid=7408b4375db74356bb2694e607b107e5&ei=11

Edit to add:

 
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