Coin overview
J
Ended--
Last price (USDT)
491.27K
24h total (USDT)
1.05M
Total vol (USDT)
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
Trading time (UTC+0)
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
FTX announces May repayment round after initial payouts
FTX (CRYPTO:FTT), the bankrupt cryptocurrency exchange, is set to continue repayments to its creditors, with the next distribution scheduled for May 30, 2025. This follows the initial round of reimbursements that commenced on February 18, 2025. The upcoming repayment round will cater to holders of allowed "Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims," which include customers who had assets on the platform during its collapse, as well as vendors and trading partners. To qualify for this distribution, creditors must have their claims verified by April 11, 2025. According to FTX creditor and advocate Sunil Kavuri, the May repayments will encompass claims exceeding $50,000. These creditors are required to select a distribution agent by April 11. Under FTX’s recovery plan, it is anticipated that 98% of creditors will receive at least 118% of their claim value in cash. In May 2024, the exchange estimated the total distribution value to be between $14.5 billion and $16.3 billion. The initial repayments, which began on February 18, 2025, focused on "Convenience Class" creditors with claims of $50,000 or less. These creditors are expected to receive their repayments within one to three business days. The repayments are facilitated by crypto exchanges Kraken and BitGo. Creditors are required to complete Know Your Customer (KYC) verification, submit necessary tax forms, and onboard with either BitGo or Kraken to participate. FTX has cautioned users about potential phishing emails impersonating official communications. John J. Ray III, plan administrator of the FTX Recovery Trust, acknowledged the patience and collaboration of customers and creditors throughout the process, adding that recovery efforts will continue to return funds to additional claim classes.
BREAKING: Following Today’s Distributions, FTX Sets Date for Next Major Creditor Repayments
According to the latest information, FTX plans to make the next distribution on April 11, 2025 for customers with a balance over $50,000. “Today, we are pleased to begin the initial distributions and determine the timeline for our next distribution,” said John J. Ray III, plan administrator for the FTX recovery trust and CEO of FTX Debtors. “FTX appreciates the patience and cooperation of our customers and creditors throughout this complex process. Our work is not over, and we intend to continue our recovery efforts and return funds to additional claim classes.” The funds will be distributed through BitGo and Kraken, which provide withdrawals to customers. *This is not investment advice.
FTX begins initial fund distributions to customers as its bankruptcy recovery forges on
An initial batch of customers of bankrupt exchange FTX are beginning to receive their funds over the next few days, with others set to get their share in the coming months. Convenience class customers, those claiming up to $50,000 will begin seeing their funds in the next one to three business days, according to a statement released Tuesday by FTX. The next round of distributions will take place on April 11, FTX said. "We are pleased to commence initial distributions today and set the timeline for our next distribution," said John J. Ray lll, the plan administrator of the FTX recovery trust and FTX Debtors CEO. "FTX appreciates our customers and creditors' patience and collaboration throughout this complicated process. Our work is not over – we intend to continue our recovery efforts and returning funds to additional claim classes." Funds will be available through BitGo and Kraken, FTX said. FTX's bankruptcy plan was approved by a Delaware judge in October 2024, two years after the exchange filed for bankruptcy. Under the plan , 98% of creditors will receive at least 118% of their claim value in cash. The plan garnered criticism from some, including Sunil Kavuri, a representative of the largest FTX creditor group. Kavuri said the estate should pay out cryptocurrencies in kind rather than the dollar value when the exchange filed for bankruptcy back in 2022. FTX's former CEO, Sam Bankman-Fried, was found guilty in November 2023 of seven criminal counts, including two counts each of wire fraud and conspiracy to commit wire fraud, and was sentenced to nearly 25 years in prison. Sister trading firm Alameda also subsequently fell, and its CEO Caroline Ellison was sentenced to two years for her role in the downfall of FTX.
Bitcoin’s Inter-Exchange Flow Metric Suggests Potential Shift to Bearish Phase as Risk Appetite Declines
The recent trend in Bitcoin exchange flows is raising concerns among investors, suggesting a potential shift towards bearish market conditions. CryptoQuant’s analysis indicates that a notable decrease in Bitcoin moving into derivatives exchanges could signal a cautious investor sentiment. “When Bitcoin leaves derivatives for spot exchanges, it points towards market participants minimizing their risk exposure,” commented J. A. Maartunn from CryptoQuant. This article examines the recent Bitcoin exchange flow metrics suggesting bearish trends, offering insights into market dynamics and investor behavior. Analyzing the Shift in Bitcoin Exchange Flows The latest data on Bitcoin exchange flows reveals critical indicators that have caught the attention of market analysts. As reported by CryptoQuant, Bitcoin is showing a noticeable trend of leaving derivatives exchanges, which historically correlates with reduced bullish sentiment among traders. Understanding the Inter-Exchange Flow Pulse (IFP) is essential to grasp the current market dynamics. This metric highlights the interaction between derivative and spot exchanges. The recent decline in Bitcoin’s movement towards derivatives could signify that investors are becoming risk-averse, opting to take profits or close long positions. Implications of Reduced Risk Exposure The observations from CryptoQuant outline a potential bearish phase for Bitcoin as the market enters a period of decreased risk appetite. The data illustrates that as long positions get closed, many investors, particularly large stakeholders or whales, are retreating from the market. Moreover, historical evidence suggests that when Bitcoin begins to flow toward spot exchanges, it often precedes significant drops in price. The analysis shows that this pattern has repeated in past market cycles, acting as a bearish signal for traders looking to forecast future price movements. Market Sentiment: A Bullish Underpinning? Despite the bearish signals indicated by the flow metrics, some analysts believe that the overall market sentiment for Bitcoin remains robust. Reports from various financial experts suggest that while short-term fluctuations may indicate hesitancy, the broader outlook for Bitcoin continues to lean towards recovery and growth in the long run. Factors such as anticipated increases in global liquidity and macroeconomic adjustments in policy could play pivotal roles in influencing market trends. Several analysts also maintain that unless there is a severe withdrawal in market support, the current correction should not derail the foundational bullish optimism still held by many in the crypto community. Looking Ahead: Financial Strategies During Uncertainty As the market grapples with uncertain conditions, it becomes increasingly vital for investors to maintain vigilance and adapt their strategies based on the evolving trends indicated by metrics like the IFP. Establishing robust support levels by monitoring whale activity and trading volumes continually could help traders navigate through volatility effectively. Moreover, strategic decision-making that includes diversifying portfolios and staying informed about macroeconomic developments can empower investors to better manage risks associated with crypto trading. Conclusion In summary, the current trend in Bitcoin exchange flows highlights a significant shift towards caution among investors, potentially signaling the onset of a bearish phase. However, with the overall sentiment remaining bullish, it is essential for traders to be proactive in considering both short-term tactics and long-term strategies. By remaining attentive to market signals and economic indicators, investors can position themselves to take advantage of future opportunities in the crypto landscape. In Case You Missed It: Polkadot (DOT) Shows Potential for Growth Amid Bullish Indicators and Accumulation Strategies
Enterprise Solution for Asset Custody and Tokenization Launched on Solana
Taurus integrated the Solana network into its enterprise custodial and RWA solutions, aiming to enhance efficiency and automate operational and financial processes. Swiss FinTech company Taurus announced the integration of its asset custody and tokenization solutions with the Solana blockchain. This integration will allow banks and financial institutions to securely manage digital assets and issue tokenized products on Solana. The integration applies to two key Taurus enterprise solutions: Taurus-CAPITAL, a tokenization and issuance platform that enables the creation of programmable tokenized assets using token extensions; Taurus-PROTECT, a custodial storage platform that ensures secure storage, management, and staking of tokenized assets. Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, emphasized that Solana’s scalability and cost efficiency are unmatched. Thanks to the integration, banking and corporate clients will gain access to advanced RWA tools. In particular, Taurus-CAPITAL will enable cost-effective and seamless tokenization of equity, debt obligations, structured investment products, funds, bank deposits, CBDCs, and other assets. In October 2024, Taurus and Chainlink Labs joined forces to address the key challenges institutional investors face when working with tokenized assets.
$374,068 Drained From Bank Accounts As Bank Employee Allegedly Uses Customer Funds To Pay Husband’s Credit Card, Property Taxes and E*TRADE Deposit
The Federal Deposit Insurance Corporation (FDIC) is accusing a bank employee of making unauthorized transfers from customers’ accounts to pay for her husband’s expenses. The FDIC says Truist Bank employee Danielle Solomon unilaterally made two Automated Clearing House (ACH) transfers totaling $21,618 from a customer’s account to pay her husband Jesse’s Citibank credit card debt. The victim is more than 80 years-old. The FDIC says Danielle admitted to initiating the ACH transactions but claimed she had discussed them with the victim. She was fired the same day. The FDIC’s formal enforcement action against Danielle alleges that she also initiated other unauthorized transactions. On February 10th of 2021, for instance, Danielle allegedly accessed another elderly customer’s account, and wired out $230,000 to the Polk County Clerk of Courts without authorization. “The February 10, 2021, wire was used to fund a bidding account for back tax properties in the name of Jesse Solomon in Polk County, Florida. Jesse Solomon requested a refund from the bidding account for the full amount of funds transferred. As a result, $230,000 of funds originating from the account of J.H. were refunded from the bidding account to Respondent’s [Danielle] husband, Jesse Solomon.” The FDIC further says that Danielle had on January 27th of 2020 made a wire transfer of $108,000 from J.L.’s account to a pass-through account. About $107,960 was later moved from the pass-through account to her husband’s E*TRADE Bank account. The investigations also found that five ACH transactions of $14,450 were done from J.L.’s account between June 8th of 2020 and January 4th of 2021 to pay her husband’s Citibank credit card balances. Transactions linked to J.L.’s account allegedly continued even after the bank fired Danielle. “On March 12, 2021, Respondent [Danielle] deposited $21,618.31 into J.H.’s account. On April 7, 2021, a check deposit of $232,548.36 was attempted from J.H.’s own Merrill Lynch account into J.H.’s account at the Haines City branch of the Bank [in Florida].” According to the FDIC, Danielle caused Truist Bank a total loss of $374,068. The regulator is seeking to compel her to pay $352,450 in restitution and ban her from working in the banking industry without prior regulatory approval. Danielle has 20 days to respond to the enforcement action and request a hearing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Generated Image: Midjourney
Customs Hold Bitmain Equipment, Disrupting U.S. Bitcoin Mining Supply Chains
Last updated: February 13, 2025 13:53 EST On February 13, a Bloomberg report revealed that U.S. Customs and Border Protection has intensified its inspection of Bitmain mining rigs . Crypto miners in the US are experiencing delays receiving deliveries of new equipment as the Chinese juggernaut that supplies the bulk of their machinery comes under scrutiny amid a trade war https://t.co/arjsS9fzkP — Bloomberg Crypto (@crypto) February 13, 2025 The added scrutiny has left some shipments stranded, prolonging wait times for hardware needed to keep Bitcoin mining facilities running smoothly. Bitmain Mining Equipment Shipments Face Extended Customs Checks Industry sources reported that shipments of Bitmain miners have been held up for extended checks, with authorities requesting additional documentation regarding their origin. Several U.S.-based mining firms have confirmed disruptions to their operations. New York-based Bit Digital experienced a delay in receiving 700 mining rigs, while a separate 20-megawatt mining site in Oklahoma has had 2,000 rigs held at Customs. “Which is not too much compared to the whole operation,” said Bit Digital CEO Sam Tabar. “We are one of the lucky ones.” The inspections reportedly target shipments labeled as Bitmain products, with some industry participants noting that scrutiny intensified in the past month. The increased checks have raised concerns among U.S. mining firms, as they rely on timely equipment deliveries to maintain competitiveness. The prolonged inspections have also led to additional costs for some companies. Bitcoin Mining Imports Hit by Tariffs, Blacklists The disruptions come as the U.S. government continues to restrict Chinese tech firms. In January, the Commerce Department blacklisted Bitmain’s AI affiliate, Xiamen Sophgo Technologies Ltd., citing national security concerns. “U.S. Customs has started randomly inspecting almost all of the airlifted Bitcoin mining machines since about three months ago,” said China Digital Mining Association founder Nuo Xu. “While asking the brokers to show certificate of origin.” While the blacklist applies to AI hardware, it has drawn further attention to companies linked to China’s semiconductor industry. Industry executives warn that prolonged delays and additional tariffs could make importing mining equipment less viable. Some mining firms are exploring alternative hardware suppliers, but Bitmain remains the dominant manufacturer, with no immediate replacement in the market. pic.twitter.com/J5xnOUDsw1 — Donald J. Trump (@realDonaldTrump) February 11, 2025 President Trump has announced on social media that he will reveal new reciprocal tariffs today to match those imposed on imported American goods. The escalating trade war and AI competition could further undermine the mining industry. These events highlight an important crossroads for the U.S. Bitcoin mining sector. The success of domestic miners depends heavily on stable supply chains, which could be disrupted if trade barriers persist. Investors, policymakers, and industry players are closely monitoring the situation for possible solutions. Although the future is unclear, resourceful companies may find ways to adapt and preserve American Bitcoin mining operations in the face of shifting policies. This interplay of policy, technology, and global commerce reveals the complexities that define modern blockchain enterprises.
US May Lift Russian Sanctions if Ukraine Talks Progress, Expert Says
The United States may ease sanctions on Russia if diplomatic efforts over Ukraine make substantial progress, according to political analyst and researcher Christopher Helali. In an interview with Tass, Helali discussed the recent phone call between Russian President Vladimir Putin and U.S. President Donald Trump. He noted that the Trump administration has committed to immediate negotiations, with Vice President J.D. Vance leading talks with Ukrainian officials. If these discussions succeed, lifting some sanctions could become part of a broader agreement. Helali stated: “I think that the framework of this process, if it moves forward with negotiations, which the Trump administration via social media, Trump’s post on Truth Social, has indicated is going to commence immediately with a negotiating team headed by Vice President J.D. Vance to speak with their Ukrainian counterparts.” He added: If this moves forward and negotiations proceed, I can possibly see in the future that the U.S. might lift sanctions against Russia if agreements on Ukraine are reached. Economic issues were also part of the Trump-Putin conversation, particularly the role of the U.S. dollar in global markets. “I also know that part of the phone conversation between Presidents Trump and Putin was about the US dollar and various economic issues. I’m sure BRICS was mentioned as well. So there’s ongoing questions about de-dollarization and the development of a multipolar world,” he noted. Countries within BRICS, including Russia, have pushed for alternatives to the dollar in international trade. Moscow has promoted the use of national currencies, aiming to reduce reliance on Western financial systems. These efforts have intensified amid sanctions and broader economic shifts. President Trump has threatened to impose 100% tariffs on BRICS nations if they attempt to create a common currency or replace the U.S. dollar as the global reserve. The Kremlin stated that BRICS is not planning its own currency but is focused on joint investment platforms. Analysts believe the tariff threats are unlikely to halt BRICS’ expansion efforts. While Trump’s “America First” stance guides his foreign policy, Helali pointed out the competing interests within the U.S. government. He said: Of course, Trump comes in with an America First agenda. But of course, there are powerful forces in the United States that would like to maintain U.S. hegemony. So there’s much to be seen, much to be developed here. And I look forward to seeing the progress made in these negotiations. As diplomatic discussions continue, the future of U.S.-Russia relations remains uncertain, with sanctions, global trade, and shifting alliances playing a crucial role in shaping the outcome. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
Taurus expands to Solana with new custody platform
Taurus (CRYPTO:TAURUS), a digital asset infrastructure firm backed by Deutsche Bank, has launched its enterprise-grade custody and tokenisation platforms, Taurus-PROTECT and Taurus-CAPITAL, on the Solana (CRYPTO:SOL) blockchain. The move enables banks and financial institutions to store, manage, and issue digital assets on Solana (SOL), a blockchain known for its fast and low-cost transactions. The integration allows banks and issuers to custody and stake Solana-native tokenised assets via Taurus-PROTECT and issue programmable tokenised assets on Taurus-CAPITAL. Taurus chose Solana to help clients benefit from fast transactions and cost savings while managing digital assets. Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, said the integration with Solana marks a significant milestone for Taurus, as Solana's scalability and cost-efficiency are unparalleled in the industry. He added that it allows Taurus' banking and enterprise clients to tokenise assets like equity, debt, structured products, funds, tokenised deposits, and central bank digital currencies (CBDCs), while minimising costs and operational complexities. According to Hofbauer, the integration resulted from real institutional demand from their client base, particularly from banks in the Middle East looking to expand their digital asset capabilities on Solana. Taurus raised $65 million in a Series B fundraising round in February 2023, led by Credit Suisse, with participation from Deutsche Bank and others. This new platform aligns with the growing real-world asset (RWA) tokenisation industry, which involves converting real-world assets, like real estate, into digital tokens by managing and trading them on a blockchain. At the time of reporting, the Taurus (TAURUS) price was $0.0009747, and the Solana (SOL) price was $195.14.
Taurus Integrates Its Digital Asset Platform with Solana
Taurus and Solana platform integration. Custody and tokenization of digital assets. Solana ecosystem boosted. Taurus, a global leader in digital asset infrastructure, announced on February 13th a major development for the market: the integration of its custody platform, Taurus-Protect, and its digital issuance and tokenization platform, Taurus-Capital, with the Solana . This partnership promises to make life easier for banks and issuers when dealing with digital assets, in addition to boosting the Solana ecosystem. Solana, known for its high performance, scalability and low transaction costs, is a platform that has been gaining prominence in the world of finance and technology. With this integration, Taurus seeks to offer a complete and efficient solution for financial institutions and developers who want to explore the world of tokenized assets. Through Taurus-PROTECT, banks and issuers will be able to securely custody and interact with any Solana-native tokenized assets. Taurus-CAPITAL will enable the issuance of programmable tokenized assets on Solana using token extensions. “This integration empowers banks and issuers to securely custody and stake any Solana-native tokenized assets via Taurus-PROTECT, and to issue programmable tokenized assets on Solana using token extensions via Taurus-CAPITAL. By leveraging Solana’s high throughput and low latency, Taurus customers can achieve unprecedented levels of efficiency, enabling seamless automation of financial workflows and payment processes,” he highlighted in his statement. anúncio . Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, welcomed the partnership, highlighting Solana’s scalability and cost efficiency. He said the integration represents an important milestone for the company, which will now be able to offer an advanced platform for tokenizing assets such as equities, debt, structured products, funds, tokenized deposits, and CBDCs, with minimized operational costs and complexities. With this integration, Taurus consolidates itself as a leader in the digital asset infrastructure segment, offering innovative and comprehensive solutions to the market. The partnership with Solana promises to open new doors to the world of tokenized assets, facilitating access and management of these assets for banks, issuers and investors. At the time of publication, the price of Solana was quoted at US$191,22, down 0.4% in the last 24 hours. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Blockchain Solana (SOL)
Exclusive Interview with Jambo Co-founder James Zhang: The "J Economy" in Emerging Markets, the On-chain "APP Store" for One Billion Users
Author: John, ForesightNews "The Democratic Republic of the Congo," many people may first hear about this country in the "Weird Little Countries" series by Bilibili UP master Xiao John Khan. As a third-generation Chinese rooted in Africa, James Zhang grew up in the Democratic Republic of the Congo, a country intertwined with poverty and turmoil. Therefore, he understands better than anyone the survival rules in underdeveloped regions of the world—under a youth unemployment rate that often reaches double digits and daily incomes of just a few dollars, any narrative, including Web3, must shed its idealistic facade and become a sharp blade that can cut through bread. In simple terms, African users do not care about ZK-Rollup or modular narratives; they only ask three questions: Can it be cheaper? Is the phone durable? How much can I earn? So under the label of "Africa + smartphones," what Jambo aims to do is not simply map to a "Web3 version of Transsion," but rather, when other crypto phones anchor the elite market at hundreds or thousands of dollars, choose to tear open the fissures of the third world with the $99 JamboPhone: from Africa to Southeast Asia, then to Latin America, and ultimately covering global users, leading everyone to enter Web3 with lower costs and lower barriers. This also reminds me of an important point about Transsion's initial success in Africa, which was its ability to better serve the localized needs of Black users, including the clear identification of selfies—this is another practice of following the mass line and surrounding the city from the countryside. James Zhang repeatedly emphasized in an exclusive interview that when he first encountered crypto technology, he immediately understood that blockchain is not just a financial speculation tool, but a means of "empowerment": it can help at least hundreds of millions of ordinary users bypass traditional financial restrictions and truly enter the global digital economy system. In his view, "what Jambo is doing is precisely bringing a new user group into the Crypto space, rather than competing among existing users." To some extent, JamboPhone is striving to form a capillary network in the decentralized era, thereby reaching hundreds of millions of new users. Finally, James Zhang added, "JamboPhone is not just a phone—it's a movement. We are not competing for existing crypto users, but bringing the next billion people into Web3." This is indeed true; since the concept of Web3 was born, it has carried the gene of inclusiveness. From this perspective, Crypto should not be a playground for speculators, but a springboard for users in underdeveloped regions to leap over financial hegemony and economic system barriers. Especially in regions like Latin America, Southeast Asia, and Africa, where the traditional financial market and economic system are inverted, they are precisely nurturing the coordinates of the main battlefield for the Web3 industry in the next decade. The journey has just begun. Three Generations Rooted in Africa: Crypto and Jambo Through the Eyes of a Chinese Co-Founder Foresight News: I see that your personal background is quite diverse—your ancestral home is in Zhejiang, China, your family has been rooted in Africa for three generations, and you grew up in the Democratic Republic of the Congo. How has this cross-cultural upbringing shaped your worldview? Was there a moment in your childhood that made you realize the value of "connecting different worlds"? James Zhang: Yes, growing up in the Democratic Republic of the Congo as a person of Chinese descent has indeed given me a very different understanding of "Connection," especially in daily life and work in Africa, where I have witnessed many communities still constrained by traditional banking systems, with many unable to use digital tools to solve financial problems. This has also strengthened my belief that technology, especially decentralized systems, can build bridges and create new possibilities where there were previously none. The power of "connecting different worlds" can change countless lives. Foresight News: Has the relatively turbulent and underdeveloped living environment in Africa influenced and shaped your understanding of financial inclusiveness? What opportunities led you to the crypto industry and to fully dedicate yourself to founding Jambo? James Zhang: Absolutely. Seeing many communities relying on cash economies, constrained by inflation and economic instability, made me more aware of the urgency of building an inclusive financial system. Especially when I first encountered crypto technology, I realized that blockchain is not just a financial speculation tool, but a means of "empowerment": Cryptocurrencies can provide financial services to the unbanked, enable near-zero-cost cross-border transactions, and create income opportunities through decentralized networks. It is precisely for this reason that I decided to fully commit to this mission, which also became the impetus for Jambo's birth. So when we discovered that the prevalence of mobile devices was the main bottleneck for Web3 adoption, we decided to focus on developing a powerful smartphone priced at just $99 to support cutting-edge crypto application scenarios and break this bottleneck. Foresight News: When recruiting core members for Jambo, do you also place special emphasis on multicultural traits? What type of talent is currently in high demand? James Zhang: Undoubtedly, Jambo's core philosophy is to achieve global inclusiveness, so we particularly value the cultural diversity and cross-cultural understanding of our team members. For instance, team members who understand different economic backgrounds and lifestyles can help us better design products and solutions that meet global market needs. Currently, we are particularly in need of engineers skilled in blockchain infrastructure, emerging market operations experts, and product designers who can simplify the interaction experience for Web3 newcomers. We also hope to combine different perspectives and professional skills through a diverse team to accelerate the global spread of inclusive finance, truly allowing more people to enjoy the conveniences brought by decentralized technology. $99: How to Reach Billions of Users from Africa? Foresight News: JamboPhone allows many emerging market users to access smartphones and benefit from the crypto economy for the first time. How does it translate complex Web3 concepts (like private keys and cross-chain) into intuitive operations in its design? James Zhang: From the very beginning, JamboPhone was designed with ease of use at its core. We integrated multi-chain wallets, a simplified DApp store, and an intuitive onboarding process to eliminate the barriers to using Web3. This allows users to enjoy all functionalities running seamlessly in the background without needing to understand the complexities of crypto technology. Our ultimate goal is to make the Web3 experience as natural as traditional mobile applications. Foresight News: JamboPhone is positioned as an entry point for financial inclusiveness in emerging markets. How does it address the specific challenges faced by users in regions like Africa when accessing financial services? James Zhang: JamboPhone aims to eliminate financial barriers in emerging markets by providing an affordable smartphone that natively supports cryptocurrencies and integrates Web3 services. As we know, many users in Africa, Southeast Asia, and Latin America cannot access traditional banking services. JamboPhone offers secure asset storage, remittance, and decentralized finance (DeFi) participation through its built-in multi-chain wallet. It not only enables low-cost cross-border transactions but also creates profit opportunities for users through interaction and gaming. We believe that by combining affordability, accessibility, and financial empowerment, JamboPhone helps at least hundreds of millions of users bypass traditional financial restrictions and enter the global digital economy. In a sense, these users are the ones who most need the "empowerment" of cryptocurrencies. What Jambo is doing is precisely bringing a new user group into the Crypto space, rather than competing among existing users. For example, our collaboration with Tether/USDT and Solana provides users with savings opportunities denominated in USD, while leveraging Solana's low transaction fees allows users to conduct cross-border transactions at almost zero cost. This is changing the lives of people in regions with severe inflation and difficult capital circulation. Foresight News: Regarding the current state of Jambo's business development, are there any data dimensions (like JamboPhone user coverage, hardware network scale, ecosystem partners, etc.) that you can share? James Zhang: As of now, JamboPhone has sold over 800,000 devices in more than 128 countries/regions, created over 9.5 million wallets, and built an on-chain mobile network with unprecedented decentralized potential. This rapid adoption rate, to some extent, also confirms the strong market demand for a Web3-native mobile experience. Foresight News: With a starting price of just $99, significantly lower than other crypto phones, JamboPhone is clearly more friendly to the mass market. How does it find a balance between cost and performance (through supply chain scaling or ecosystem subsidies)? James Zhang: The core of this question is that what we want to do is not just sell a phone, but provide users with a brand new, affordable Web3 experience. To achieve this, Jambo has established close strategic partnerships with top global electronics manufacturers, leveraging economies of scale to reduce costs while optimizing the supply chain through large-scale component procurement agreements, ensuring that we can keep prices truly affordable while maintaining high performance. We also adopted a vertically integrated approach, eliminating many redundant intermediaries and controlling the efficiency of production, distribution, logistics, and other aspects, which ultimately allows us to bring this highly cost-effective phone to market, achieving our ultimate goal—enabling more people to access Web3 technology rather than turning it into a luxury item limited to a select few. Foresight News: To some extent, the EarnDrop model relies on ecosystem partners to subsidize rewards. How do you plan to avoid user loss due to reduced rewards in the long term? Is there a long-term sustainable revenue mechanism in place? James Zhang: In fact, the EarnDrop model is fundamentally different from traditional passive airdrops. We do not want users to just take the rewards and leave; rather, we want them to earn tokens through deep participation in Web3 activities. Therefore, this token distribution method combines staking incentives and loyalty rewards, encouraging users to hold long-term rather than just obtaining rewards once. Additionally, on JamboPhone, token distribution is tied to each unique physical device, which helps prevent Sybil attacks and ensures that tokens flow to real users rather than bots. For example, in our collaboration with Matr1x, we airdropped FIRE tokens to holders in the Jambo community, and 30 days after the event ended, the token holding rate remained above 70%. This indicates that the participating users genuinely intend to hold long-term rather than just engaging for short-term rewards. We believe that a long-term sustainable revenue mechanism must rely on users' genuine participation and continuous contributions to the ecosystem, rather than solely depending on external rewards and subsidies. Foresight News: How does Jambo benefit from the pre-installed applications on each device, and what impact does this have on user retention and ecosystem growth? James Zhang: Pre-installing Web3 applications is a significant advantage for Jambo. It greatly enhances user conversion rates while effectively reducing customer acquisition costs (CAC). Unlike traditional smartphones that rely on centralized app stores, JamboPhone users can directly access a complete Web3 ecosystem right after powering on the device. This "built-in accessibility" not only reduces user churn but also enhances their daily interactions, such as staking, DeFi, gaming, and earning activities, all of which significantly boost user retention. For Web3 developers, Jambo also provides a zero CAC distribution channel, meaning they can attract new users at a very low cost, rapidly expand the ecosystem, and build a high-quality user base. For instance, Sleepagotchi has a retention rate among Jambo users that is 50% higher than through other channels, which demonstrates the effectiveness of pre-installed applications, appealing to users and laying the foundation for long-term ecosystem growth. Foresight News: Jambo involves both hardware and software experiences, effectively occupying a major entry point for users into Web3. How does this unique positioning enhance user engagement and long-term retention? James Zhang: The combination of hardware and software is indeed a unique advantage. By controlling the mobile hardware layer, Jambo achieves deep integration of Web3 applications with the mobile experience, allowing users to interact directly with Web3 anytime and anywhere. Unlike standalone DApps that face challenges in user discovery and retention, JamboPhone provides seamless access to wallets, DeFi, and decentralized applications from the moment it is powered on. This continuous interaction greatly enhances user retention and ecosystem participation. More importantly, as a hardware product, Jambo monetizes through various touchpoints such as transactions, application discovery, and DePIN infrastructure. By controlling these access and interaction points, we can provide users with a smoother and more coherent Web3 experience, ultimately building a highly sticky and high-value ecosystem. Foresight News: We also see that Jambo's main investors include top VCs like Paradigm, Pantera Capital, Delphi Ventures, Coinbase Ventures, and Tiger Global. Besides providing financial support, what strategic support do they offer to Jambo, and how does Jambo plan to leverage the investor network to accelerate global expansion? James Zhang: The support from investors like Paradigm, Pantera, and Coinbase Ventures goes far beyond financial assistance. They bring valuable industry insights, ecosystem resources, and global strategic guidance to Jambo. These top VCs not only believe in our vision but also provide crucial support in market expansion, product optimization, and accelerating global layout. At the same time, through their networks and resources, we can quickly enter emerging markets and expand partnerships, especially in key regions like Africa, Southeast Asia, and Latin America. More importantly, they help us establish trust within the industry, further strengthening Jambo's position in the global Web3 ecosystem. In the future, we will continue to rely on the support of these investors, utilizing their global networks and industry resources to accelerate Jambo's expansion worldwide, providing more users with high-quality Web3 experiences. Jambo and the Large-Scale Adoption of Web3 in 2025 Foresight News: Compared to mainstream smartphones that require downloading crypto wallets and Web3 applications, what irreplaceable advantages does a blockchain phone with built-in Web3 applications have? Where do you see its competitiveness, and what role does Jambo want to play in this? James Zhang: The irreplaceable advantages of JamboPhone compared to mainstream phones primarily lie in its ability to break free from the constraints of Apple's and Google's closed ecosystems—traditional smartphones rely on app stores where developers have to pay commissions as high as 30%, and Web3 functionalities face various restrictions, such as access permissions to DApps. In contrast, JamboPhone features a built-in native crypto application store, allowing users to directly access DApps, DeFi platforms, and NFT markets without any permissions. It is also equipped with multi-chain wallets, native token rewards, and on-chain identity verification features, enabling users to enjoy lower costs while truly owning their digital assets and fully experiencing the global crypto economy. In short, JamboPhone breaks the limitations of traditional smartphones, bringing Web3 into the daily lives of mainstream users. By eliminating dependence on centralized app stores, JamboPhone opens the door to a decentralized internet, helping users participate in the global crypto economy more conveniently and at lower costs. Foresight News: I heard that Jambo is actively collaborating with leading exchanges. What exclusive products or partnership developments can users expect in the near future (such as customized phones or integrated Web3 services)? James Zhang: Jambo will collaborate with top exchanges to launch a customized version of JamboPhone, pre-installed with trading applications and offering exclusive benefits, such as instant account opening, fee discounts, and enhanced security features. These integrations will support direct asset exchanges, staking, and DeFi access on the device, while providing fiat on-ramp channels for emerging markets. In the past year, applications from OKX and Coinbase have already been pre-installed on JamboPhone, helping us become important partners in their expansion into emerging markets. Additionally, JamboPhone will incorporate an airdrop mechanism integrated with exchanges. We have already implemented this feature in our own token. By merging mobile technology with exchange services, Jambo is creating a safer and more convenient Web3 entry point for global users, helping more users seamlessly access the decentralized finance ecosystem. Foresight News: We see that Jambo plans to connect global JamboPhone users via satellite. Does this mean that in the future, users will be able to use Web3 services without relying on traditional networks? How will this technology complement existing mobile networks? James Zhang: That's right. Our goal is to establish a truly decentralized mobile network. Through satellite connections, JamboPhone users can easily access Web3 services regardless of whether they are in remote areas or places without access to traditional telecom infrastructure. I believe this will be a disruptive breakthrough for financial inclusiveness, bringing unprecedented financial opportunities to more users globally, especially complementing existing mobile networks to ensure stable Web3 access in areas where traditional networks cannot reach, providing broader services for global users. Foresight News: How will the J token fully integrate into the Jambo ecosystem and user incentive system by 2025? How do you plan to avoid the token becoming a speculative tool? James Zhang: The J token will become the core fuel of our ecosystem, used for staking, governance, payments, and user incentives. We are building a token economy that rewards real users rather than speculators, ensuring the long-term value of the J token. By providing users with actual incentive mechanisms, such as long-term holding rewards and participation mechanisms, we are committed to creating a sustainable, user-driven economic system. We hope that the J token will not only promote the popularization of Web3 but also realize true value among the groups that need it most, bringing more opportunities and changes.
Bitget Trading Showdown: Trade Big, Win Bigger – Share 10,000 USDT
Get ready for an adrenaline-packed trading event - the Bitget Trading Showdown! We're thrilled to bring you a competition where trading prowess meets incredible rewards. Here's your chance to trade big and win even bigger, with 10,000 USDT for grabs! Register Now Event Period: 10:00 AM, February 11, 2025 – 10:00 AM, March 3, 2025 (UTC) Rewards and Rules: 1. Trading Volume Leaderboard: Compete on the trading volume leaderboard. Top performer can win up to an astounding 1,000 USDT! The prize pool is 3,500 USDT Ranking Rewards (USDT) 1st 1,200 2nd 800 3rd 300 4th-15th Share 1,200 USDT based on trading volume 2. Trading Bonus: Complete any forms of trading greater than 20,000 USDT during the event period, share the prize pool of 6,200 USDT based on users' trading volume. This reward is limited to the first 1,000 registered users. First come, first served! 🔥 Don't miss this opportunity to trade, compete, and win big with Bitget! Terms and conditions : You must register for the event with your primary account. Users should have account assets of at least 800 USDT when the competition ends to get the Rewards for trading volume leaderboard and trading bonus campaign; The top 3 traders must reach the trading volume of 500,000 USDT and users who ranked from 4th to 15th must reach the trading volume of 300,000 USDT in campaign 1 to receive the rewards. Net deposits = total deposits – total withdrawals The campaign is exclusively for the South Asian users and users who can register for this event successfully. Market makers, and API traders are not eligible for the promotion. Rewards with a value of less than 1 USDT will not be distributed. Rewards will be distributed within 10 working days after the event ends. Bitget reserves the right to disqualify users that perform wash trading, illegal bulk registration of accounts, and trades that display attributes of self-dealing or market manipulation. Bitget reserves the right of final interpretation of the Terms and Conditions, including but not limited to amending, changing, or canceling the event without prior notice. Please contact us if you have any questions. Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Mastercard Just Dropped a Bombshell on Crypto's Future — Details Here
Mastercard has just published a fascinating article on its official website titled "What to Expect in Crypto in 2025." This bold move highlights how deeply traditional financial giants are diving into the future of crypto, signaling growing interest and adoption across the industry. So, what does Mastercard foresee for the crypto world? Here are the key takeaways that every mastercard crypto enthusiast should know. 1. Stablecoins and Tokenized Deposits Will Coexist Mastercard predicts that both stablecoins and tokenized deposits will thrive side by side. Stablecoins, pegged 1-to-1 with fiat currencies, are already making waves in remittances and B2B payments. On the other hand, banks are exploring tokenized deposits—digital tokens representing actual bank deposits—to speed up settlements and enable programmable payments. The result? A future where both forms of digital money enhance financial efficiency, reduce costs, and power global transactions seamlessly. 2. Regulatory Clarity Will Drive Mainstream Adoption The regulatory landscape is evolving fast. Mastercard highlights how recent political shifts, like the U.S.'s new pro-crypto stance under President Trump and the EU's comprehensive Markets in Crypto-Assets regulation, are creating a clearer, more supportive environment for digital assets. This newfound clarity is giving traditional financial institutions the green light to innovate and experiment with crypto without fear of regulatory backlash. 3. Central Banks Shifting Focus from Retail to Wholesale Digital Currencies Interestingly, Mastercard notes that central banks are pulling back from developing consumer-focused CBDCs (Central Bank Digital Currencies) and instead focusing on wholesale CBDCs designed for institutional use. This shift aims to enhance cross-border transactions and improve settlement speeds for banks, paving the way for more efficient global financial operations. 4. Interoperability, Standards, and Trust Are the New Crypto Buzzwords Mastercard emphasizes that as crypto matures, the focus will shift towards interoperability, standardized protocols, and building trust. Their Multi-Token Network (MTN) initiative is already working on making digital asset transactions more secure and scalable, collaborating with major players like Standard Chartered and J.P. Morgan’s Kinexys. This push for seamless integration between traditional finance and crypto could unlock massive growth and innovation in both sectors.
Tungsten Custody Expands Institutional Support with MANTRA (OM) Collaboration
Tungsten Custody Solutions Ltd, a regulated digital asset custodian operating under the Abu Dhabi Global Market (ADGM), has announced a strategic collaboration with MANTRA (OM) to enhance institutional digital asset custody. The collaboration strengthens Tungsten’s institutional-grade custody services, providing a compliant and secure solution for institutional clients seeking to safeguard OM tokens. Strengthening Institutional Access to MANTRA (OM) & MANTRA Chain By integrating with MANTRA’s ecosystem, Tungsten Custody is offering institutional investors a regulated, secure, and transparent framework for engaging with digital assets. The Role of MANTRA in Real-World Asset Tokenization MANTRA is a Layer 1 blockchain designed for real-world asset (RWA) tokenization, ensuring compliance with regulatory standards. Tungsten Custody: Safeguarding Tokenized UAE Real Estate Assets MANTRA has been at the forefront of tokenization in the UAE, with a landmark $1 billion partnership with DAMAC to tokenize real estate assets. This major initiative positions MANTRA as a key player in asset tokenization, with Tungsten Custody expected to serve as a primary custodian for these tokenized assets, ensuring secure and compliant custody solutions within the UAE. The OM token serves as the utility and governance token of the MANTRA Chain ecosystem. By aligning with MANTRA, Tungsten Custody reinforces its commitment to providing regulatory-grade custody and staking solutions, fostering greater institutional engagement in blockchain-powered finance. Leadership Perspectives on the Collaboration Industry leaders from both Tungsten Custody and MANTRA emphasized the strategic importance of this partnership in advancing institutional adoption of blockchain solutions. Jose J. Perez Aguinaga, CEO of Tungsten Custody, emphasized that integrating MANTRA (OM) into their custody services is a pivotal step in enhancing institutional investor confidence through secure and compliant digital asset solutions. “The integration of MANTRA (OM) into our custody services, along with our collaboration with MANTRA, represents a key milestone in our mission to provide institutional investors with secure, compliant, and scalable digital asset solutions. As blockchain adoption expands, regulated custody is essential for bridging institutional finance with decentralized ecosystems.” John Patrick Mullin, Co-Founder and CEO of MANTRA, emphasized the critical role of security, regulation, and compliance in driving institutional adoption. He emphasized the critical role of security, regulation, and compliance in driving institutional adoption. Mullin noted that integrating OM into Tungsten Custody’s portfolio reinforces their shared vision of bridging traditional finance with blockchain-powered institutional services, particularly in the UAE.“At MANTRA, we believe that institutional adoption is best driven through a commitment to security, regulation, and compliance. The integration of OM into Tungsten Custody’s growing portfolio of supported assets underscores a shared vision of bridging traditional finance with blockchain-powered institutional services, particularly in the UAE, a key region for MANTRA.” The Future of Regulated Digital Asset Custody As digital asset markets continue to evolve, regulated custody solutions will play a crucial role in ensuring secure and scalable institutional participation in tokenized economies. This partnership marks another step toward institutional blockchain adoption, reinforcing the role of regulated custody in enabling secure and scalable participation in tokenized economies. * Read our disclaimer
US watchdog lodges complaint with DOJ, OGE over President Trump's official memecoin
U.S. consumer watchdog Public Citizen lodged a complaint with the Department of Justice and Office of Government Ethics on Wednesday, urging it to investigate whether Donald Trump had violated federal law barring the President from soliciting gifts in connection with his official memecoin. Additionally, Public Citizen highlighted concern that due to the nature of cryptocurrency transactions, it is difficult to know whether foreign state actors are also “gifting the president by way of purchasing a Trump meme,” urging the DOJ and OGE to investigate that issue as well. The high-profile and controversial launch of Trump’s official Solana-based memecoin came during the premiere Crypto Ball in Washington on the Friday night before his inauguration as President on Jan. 20. A frenzy of trading activity lifted the TRUMP token to a fully diluted valuation of more than $75 billion at one point, briefly surpassing the largest memecoin, DOGE. That was until the launch of the returning First Lady Melania Trump's own memecoin, MELANIA, caused a collapse in the value of TRUMP. TRUMP and MELANIA have subsequently fallen around 76% and 88% from their respective peaks, according to The Block’s Prices Page. “Federal law strictly regulates payments to government officials, including gifts,” Public Citizen's Bartlett Naylor and Dr. Craig Holman wrote in the letter . “Although the president may receive gifts, he may not ‘solicit’ gifts,” it said, noting that although there are several exemptions from the prohibition, none exempts soliciting purchases for personal gain. “President Trump’s promotion of a Trump meme appears to violate this prohibition,” it alleged, citing his posts to X on Jan. 17 and Jan. 20 and a Truth Social post on Jan. 21. Seeking termination of the memecoin sale and return of funds While the official memecoin’s website states that “This product is not distributed or sold by Donald J. Trump,” it also explains that it is 80% owned by CIC Digital LLC, an affiliate of The Trump Organization, Naylor and Holman said. CIC Digital is 100% owned by the Donald J. Trump Revocable Trust and Donald Trump is the “sole beneficiary ” of that trust, they added. The website also states , “Trump Memes ... are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.” Accordingly, a person sending money for a Trump meme is not purchasing a tangible product, instead only receiving a “digital blockchain receipt” — similar to a donor sending a check and receiving digital confirmation, Public Citizen claimed. “In short, it appears Trump is not soliciting money in exchange for an investment or tangible product (such as a Bible, sports shoes, or a guitar), but soliciting money in exchange for nothing—that is, asking for a gift that will benefit him personally,” Naylor and Holman said. If the DOJ and OGE agree TRUMP constitutes an impermissible gift solicitation, Public Citizen asked that they make appropriate recommendations, including “termination of the meme sale, return of monies and any other available remedies.” TRUMP is currently trading for $18.66 at a market cap of $3.7 billion, per The Block’s Official Trump Page . The Block reached out to The White House, the DOJ, the OGE and the Trump Meme project for comment.
Canadian hacker faces charges over $65M crypto theft
The U.S. Department of Justice (DOJ) has charged Canadian hacker Andean Medjedovic, 22, with stealing approximately $65 million from two decentralised finance (DeFi) platforms, KyberSwap and Indexed Finance, between 2021 and 2023. The indictment, unsealed in a New York federal court, outlines five charges against Medjedovic, including wire fraud and money laundering. Prosecutors claim that he exploited vulnerabilities in the platforms’ smart contracts, using deceptive trading tactics to withdraw funds at inflated prices, causing significant losses for investors. After the thefts, Medjedovic allegedly laundered the stolen cryptocurrency through various transactions and crypto mixers to obscure the funds' origins. U.S. Attorney John J. Durham described the scheme as “highly sophisticated,” highlighting the advanced techniques used to exploit the DeFi protocols. In November 2023, after exploiting KyberSwap, Medjedovic allegedly attempted to extort the platform's developers by demanding control over it in exchange for returning half of the stolen assets. If convicted, Medjedovic faces severe penalties, including up to 20 years for each charge related to money laundering and extortion. The case has attracted international attention, with law enforcement agencies in the Netherlands assisting in the investigation. Despite the charges, Medjedovic remains at large, and authorities are continuing their efforts to locate him.
FTX Bahamas repayments to start on Feb. 18
FTX has confirmed its readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025. FTX Bahamas will start creditor repayments on Feb. 18 via BitGo, one of its distribution partners selected during bankruptcy restructuring hearings. Sunil Kavuri, a spokesperson for the largest FTX creditor group noted that individual Bahamas payment claims would be capped at $50,000. The court-approved reorganization plans became effective from Jan. 3, requiring creditor repayments to begin within 60 days. Court filings showed that the defunct crypto exchange has $13 billion in payout reserves. However, the estate has filed to withhold 50% of this amount for disputed claims. The total sum allocated to Bahamas creditors remains unclear. FTX Repayments: 18 Feb 2025 Funds available from 10am ET FTX Claims < $50k FTX Creditors in the Bahamas process have email confirmation that repayments will start on 18 Feb 2025 9% interest per annum from 11 Nov 2022 pic.twitter.com/FrmDN4qiK7 — Sunil (FTX Creditor Champion) (@sunil_trades) February 4, 2025 Previously based in the Bahamas, FTX collapsed in 2022 under the leadership of its founder, Sam Bankman-Fried. Investigations uncovered corporate mismanagement and fraud, allegedly orchestrated by the one-time crypto tycoon. Analysts estimate that FTX’s collapse created a $16 billion shortfall. Reorganization administrators, led by bankruptcy CEO John J. Ray III, anticipate that asset recovery efforts could extend until 2027. Meanwhile, Bankman-Fried was convicted on multiple criminal charges, including fraud, and sentenced to 25 years in prison. He has since alleged judicial bias, requested a new trial, and his parents have reportedly sought a pardon from President Donald Trump. Members of SBF’s former inner circle, such as former Alameda Research CEO Caroline Ellison, received lighter sentences and forfeited wealth gained while working for FTX.
Bitcoin Drops Amid Global Trade Tensions, Tests Key Support Levels
Bitcoin dropped 9% in three days as U.S.-led trade disputes spooked investors, triggering portfolio derisking globally. Technical resistance at $108,000 on Jan. 20 preceded declines; Fibonacci levels failed to halt the slide below $99,000. Bitcoin’s price declined 4.72% over the weekend, followed by an additional 3.50% drop during Monday’s Asian trading session. The downward movement coincided with escalating trade tensions triggered by U.S. tariffs, prompting investors to reduce exposure to risk-sensitive assets. Over the past two weeks, Bitcoin has struggled to recover above the $108,000 mark, signaling diminished buying interest. pic.twitter.com/SWZtSm6NMX — Donald J. Trump (@realDonaldTrump) February 1, 2025 The U.S. recently imposed tariffs on imports from Canada, Mexico, and China, including a 25% duty on steel and aluminum. In response, Canada introduced a 25% tariff on $155 billion of U.S. goods, while China and Mexico outlined plans for retaliatory measures. Bitcoin’s price trajectory reflects these pressures After failing to sustain momentum above $108,000 on January 20, the asset entered a downward trend. By Thursday, January 30, Bitcoin broke below $99,000 before briefly retracing to a technical resistance zone between $96,000 and $98,000—a range aligned with the 50% and 61.8% Fibonacci retracement levels. This area, often monitored by traders , failed to hold as selling resumed. Prices then slid to a demand zone between $92,000 and $96,000 by February 2. As of Monday, Bitcoin found temporary stability near $92,000, rebounding 4.92% from intraday lows of $91,176. Market observers suggest this level could act as short-term support , though broader sentiment remains tied to geopolitical developments. Trade disputes between the U.S. and its partners have injected uncertainty into global markets, with equities, commodities, and crypto assets all facing pressure. ETHNews current data shows reduced trading volumes across major exchanges, indicating cautious participation. ETHNews analysts emphasize that prolonged trade disputes could prolong Bitcoin’s consolidation phase, delaying potential recovery until macroeconomic conditions stabilize.
J’JO Launches Market Segment Indexes for Personalized Crypto Portfolios
J’JO Finance, a crypto investment platform, has announced the launch of its advanced feature, “Market Segment Indexes,” allowing users to customize their digital asset indexes. Index investing in the crypto space is gaining momentum as a way to simplify portfolio management and reduce risk for both novice and experienced investors. Customizable Portfolios with High-Potential Segments The crypto industry has long been overwhelmed by an excess of coins, making investment decisions particularly difficult for beginners. It requires time-consuming research, risk management , and staying updated on market trends. Sponsored “Crypto investing typically requires a solid understanding of technical jargon and the ability to navigate a complex landscape of digital wallets and exchange platforms,” says Andrei Ponomarev, Co-Founder of J’JO, highlighting the need for continuous learning as the industry rapidly evolves. Market Segment Indexes allow retail investors to tailor their crypto strategy by picking specific tokens and setting allocations, making navigating the oversaturated crypto market easier while keeping risk in check. According to J’JO’s official statement, this feature enables users to create customized portfolios based on their preferences or choose from pre-set indexes that focus on specific market segments, such as DeFi, AI, or real-world assets (RWA). For experienced investors, it offers an opportunity to capitalize on segments they believe have high potential, enabling them to maximize returns. However, this potential for higher profits comes with increased risk, as focusing on specific segments can lead to greater volatility. While the platform offers a free service for users investing up to $500, the Market Segment Indexes feature and advanced analytics will be available only to paid plan users. Outperforms Bitcoin And Ethereum The new Market Segment Indexes is not the only index offered by J’JO. The platform is also well-known for its flagship J’JO35 index, which provides a diversified portfolio of the top 35 cryptocurrencies by market capitalization, automatically rebalanced monthly. Since 2020, J’JO35 has outperformed both Bitcoin and Ethereum, delivering an APY of 67%. Tools like these indexes simplify crypto portfolio management by reducing the need for frequent monitoring. Users only need an account on supported exchanges like Kraken , Binance, or KuCoin, as J’JO manages investments via API without controlling or transferring funds. Why This Matters Index investing has become a cornerstone of traditional finance (TradFi), and although it is a relatively new concept in crypto, it is gaining momentum as it offers investors diversified exposure to a wide range of assets, helping to mitigate the risks associated with individual assets. Check out trending DailyCoin’s articles: Coinbase Secures Approval to Launch in Argentina Crypto Stays Strong as Bank of Japan Hikes Interest Rates
Powell Signals Caution on Rate Cuts; Trump Slams Fed’s Leadership
Trump criticizes Fed Chair Jerome Powell’s inflation strategy, calling for economic reforms. Powell signals a cautious approach to rate cuts, citing progress but uncertainty. Market data shows crypto markets show resilience, decoupling from traditional financial trends. Federal Reserve Chair Jerome Powell’s latest communication shows measured progress in the battle against inflation while suggesting a cautious approach to potential interest rate adjustments. President Donald Trump took to Truth Social to criticize Powell’s leadership, asserting that the Fed’s approach to inflation control has fallen short. Trump outlined an alternative strategy focusing on energy production, regulatory reduction, and manufacturing revival. His critique extended to the Fed’s regulatory oversight, particularly targeting its involvement in DEI initiatives and climate-related policies. Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing, but I will do much more than stopping… — Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) January 29, 2025 The cryptocurrency market has shown resilience in response to Powell’s indication of delayed rate cuts. Analysis from Santiment reveals that digital assets have maintained stability despite the Fed’s cautious stance on monetary easing. This reaction marks a shift from historical patterns where cryptocurrency prices closely tracked Federal Reserve policy decisions. Market data suggests changing dynamics in the relationship between cryptocurrency valuations and traditional financial markets. While the past three years saw tight correlations between crypto assets and stock markets, recent trends point to increasing independence. This decoupling aligns with historical observations that cryptocurrency’s strongest bull cycles occurred during periods of reduced correlation with traditional markets. Cryptocurrency has not (yet) been phased by Jerome Powell and the Fed's decision to halt interest rate cuts for the time being. Interest rates have been a sensitive topic for investors and traders of all sectors, particularly after they were aggressively cut in 2020 (as a… pic.twitter.com/p49FjhLiKI — Santiment (@santimentfeed) January 29, 2025 The Fed’s current position builds on its aggressive policy actions of recent years, including the rate cuts of 2020 in response to COVID-19 and subsequent increases in 2022 as pandemic restrictions eased. These policy shifts profoundly influenced investor behavior across asset classes, with rate decisions serving as key market catalysts. Related: FOMC Meeting: Will Rate Cuts Boost Bitcoin’s (BTC) Price? Looking forward, Powell’s messaging suggests a balanced approach between controlling inflation and maintaining economic stability. This stance comes as various economic indicators show progress in price stability. However, the Fed appears committed to ensuring sustained improvement before pivoting to more accommodative policies. Trump’s proposed alternative approach emphasizes structural economic changes, including regulatory reform and domestic production enhancement. His criticism of the Fed’s broader policy focus, particularly regarding environmental and social initiatives, shows ongoing debates about the central bank’s role beyond traditional monetary policy. The post Powell Signals Caution on Rate Cuts; Trump Slams Fed’s Leadership appeared first on Cryptotale.
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