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‘Trump Inauguration Euphoria’ Triggers $2,200,000,000 in Institutional Flows to Crypto Products: CoinShares

‘Trump Inauguration Euphoria’ Triggers ,200,000,000 in Institutional Flows to Crypto Products: CoinShares

Crypto asset manager CoinShares says institutional investors poured billions into digital asset investment vehicles last week alone in preparation for Donald Trump’s inauguration. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment vehicles raked in over $2 billion last week alone. “Digital asset investment products recorded inflows of US$2.2bn last week […]

The post ‘Trump Inauguration Euphoria’ Triggers $2,200,000,000 in Institutional Flows to Crypto Products: CoinShares appeared first on The Daily Hodl.

Bybit fully restores withdrawal system following biggest crypto hack of all time

Elon Musk-led ‘DOGE’ set to be sued after Trump’s inauguration

The 30-page legal complaint alleges that Musk’s DOGE has violated the Federal Advisory Committee Act (FACA) 1972.

The Elon Musk-led agency championing more governmental efficiency is set to be hit by a lawsuit just minutes after US President-elect Donald Trump takes office.

Trump appointed billionaire Musk in November to head the Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulations.

Source: Elon Musk

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Bybit fully restores withdrawal system following biggest crypto hack of all time

FTX to begin distributing $1.2B to creditors after Trump inauguration

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

Update 11:00 am UTC: This article has been updated to include quotes from Philipp Zentner.

FTX is preparing to distribute more than $1.2 billion in repayments to the bankrupt former cryptocurrency exchange’s users.

FTX, once the world’s second-largest centralized cryptocurrency exchange (CEX), is set to begin repaying users who have been unable to access their funds for over two years.

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Bybit fully restores withdrawal system following biggest crypto hack of all time