Unhosted Weekly: Crypto Market Overview #14

🔥 Crypto Weekly Digest

With Trump gearing up for his inauguration (again), the crypto world isn’t even pretending to play it cool. Trump rhymes with pump, and you’d have to be blind to miss the market’s wink. From Bitcoin wild swings to whispers of a Trump-endorsed crypto stash, the circus is back in town. Meanwhile, Tether’s freezing wallets, regulators are sharpening their knives, and the Swiss are staking ETH like it’s fondue night.

🪙 Tether’s Cross-Chain Solution
USDT0 aims to unify stablecoins across various networks.

🐸 Trump’s Crypto Reserve
Donald Trump reportedly considers a strategic reserve in Bitcoin, Solana, USDC, and XRP, fingers crossed!

⚖️ BitMEX Fined $100M
The exchange must pay $100 million for violating US banking laws…ouch..

❌ Upbit Under Fire
South Korea’s largest exchange faces potential suspension of up to 6 months due to regulatory issues…fiat warriors are fighting hard.

🇺🇸 Bitwise Advises U.S. Government
Bitwise’s CEO says the firm is guiding officials on converting a portion of government bonds into Bitcoin…big if true!

🕵️‍♂️ Illicit Crypto Activity Hits $40.9B in 2024
63% of illegal transactions used stablecoins, according to recent data..no wander USDT is facing issues in EU.

❄️ Tether Freezes $64M
Two addresses holding $50M and $14M in USDT have been frozen.

🇩🇪 Stuttgart Stock Exchange Forecast
Crypto could make up 25% of the exchange’s 2024 revenue, with Bitcoin accounting for half..we should see more and more web2 exchanges adopt crypto in 2025.

🇬🇧 Irkutsk case vs miners
Illegal miners owe nearly 650M rubles for unauthorized electricity use.

🇨🇭 PostFinance Embraces ETH Staking
The Swiss state bank now offers Ethereum staking services to its clients.

👀 Bitwise’s “Investment Case for Solana” forecasts SOL reaching $2,318 in a bearish scenario and $6,636 in a bullish scenario by 2030.

🔎 Bitcoin Is Far from Overbought
This insight comes from CryptoQuant’s optimized MVRV Z-Score, smoothed with a 180-day moving average, suggesting there’s still room for growth.

💰 Phantom Wallet Raises $150M
Phantom secured $150 million in a Series C round from Sequoia and Paradigm, achieving a $3 billion valuation.

🇺🇸 MARA’s Trump Tribute
The mining firm MARA embedded a portrait of Donald Trump into a Bitcoin block, celebrating his upcoming inauguration.

🤘 CryptoPunk #4940 Sells for 150 ETH
A buyer spent 150 ETH ($502,000) to acquire CryptoPunk #4940, reflecting ongoing demand for high-value NFTs.

🔍 60% of Crypto Users Aged 25-44
More than 62% have been in the industry for over 3 years, and most invest less than $10,000 annually—highlighting a predominantly retail-driven market.