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:

 
Last edited by a moderator:

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
 
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