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1Bitget Daily Digest (May 16)|Powell Hints at Adjusting Monetary Policy Framework, Nasdaq-Listed Addentax Plans to Buy 8,000 BTC2Bitcoin’s Price Consolidation May Indicate Possible Breakout Towards $110,000 Amid Changing Investor Sentiment3France's interior minister to meet with crypto leaders after wave of violent 'wrench attacks'

Bitcoin Network Settles $19 Trillion in 2024, Doubling Last Year’s Volume
During the 2021 bull market, Bitcoin's transaction volume peaked at $47 trillion but plummeted sharply in the subsequent years.
CryptoNews·2025/01/05 17:55

John Deaton Offers to Lead Trump-Era Probe Into Alleged Crypto Crackdown ‘Operation Chokepoint 2.0’
He framed the initiative as more than a crypto issue.
CryptoNews·2025/01/05 17:55

US prosecutors estimate over 1 million victims in Do Kwon’s criminal case
Quick Take U.S. prosecutors said the number of victims of Do Kwon’s alleged crypto fraud scheme potentially surpasses one million. Kwon, recently extradited to the U.S. from Montenegro, has pleaded not guilty to criminal charges.
The Block·2025/01/05 16:00

Veteran Trader Peter Brandt Says XRP $502 Billion Market Cap Is Possible If This Happens
Timestabloid·2025/01/05 16:00

Top Exchange to XRP Holders: What Are Your Predictions for 2025? XRP Army Responds
Timestabloid·2025/01/05 16:00

XRP Forms Bull Flag Pattern, Cointelegraph Analysts Set Bullish Price Target
Timestabloid·2025/01/05 16:00

XRP Stays Strong Above $2, While Catzilla Gains Bullish Momentum for 2025 Gains!
Ethnews·2025/01/05 11:22

Ethereum’s Market Outlook: Can ETH Regain Momentum in 2025?
Ethnews·2025/01/05 11:22

Bitcoin ETFs Surge with $908M Inflows as Institutional Demand Grows
Ethnews·2025/01/05 11:22

Aave Considers Fee Switch as USDe Pegging Proposal Draws Concerns
Aave, a leading DeFi platform, is preparing to activate a fee switch mechanism to enhance its revenue model and ensure long-term sustainability.
BeInCrypto·2025/01/05 10:30
Flash
- 15:31Analyst: Bitcoin Lacks New Catalysts, Unable to Surge SignificantlyOn May 16, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be searching for a new catalyst to drive significant price increases. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from their April lows and are currently hovering in the range of $101,000 to $105,000.
- 15:29Modular Blockchain Sophon to Launch SOPH Main Utility Token in MayMay 16 news, the modular blockchain Sophon based on ZKsync announced that SOPH will be launched as the main functional token of the Sophon Network in May, with details of the token economic model and community distribution to be announced later. The official reminds users to pay attention to verification links and remain vigilant to prevent phishing risks.
- 15:29Trump's "Crypto Committee" Faces Setback in First Congressional Vote, Influence QuestionedThe "Crypto Committee" established by Trump failed to exert the expected influence in the first key vote in Congress, leading to questions about the capabilities of the White House's crypto and AI czar David Sacks and the executive director of the Digital Asset Advisory Committee, Bo Hines. The committee aims to promote cryptocurrency-related legislation but failed to make a breakthrough in the recent vote on a stablecoin regulation bill. Analysts point out that the committee's low-profile operations and lack of clear policy direction make it difficult to gain sufficient support within Congress. Additionally, crypto projects involving Trump and his family, such as Trump tokens and World Liberty Financial, have raised concerns about ethics and conflicts of interest, further undermining the committee's credibility. Democratic lawmakers have expressed concerns about these potential conflicts of interest, believing they may affect the fairness of related legislation. Currently, Trump's "Crypto Committee" faces the dual challenge of reshaping its image and enhancing its influence.