Here are the latest developments in the world of cryptocurrencies as of January 6, 2025:

Cryptocurrency price increases:

Bitcoin (BTC): Crossed the $100,000 barrier, reaching $102,066, up 4.05% in 24 hours.

Ethereum (ETH): Rise to $3,708, up 2.09% in 24 hours.

Binance Coin (BNB): Reached $720, up 1.94% in 24 hours.

Institutional developments:

Tether: Announced plans to conduct a cross-chain swap to transfer a portion of USDT to the Tron network, with the total supply remaining unchanged.

USDC Treasury: Minted over 50 million USDC on the Ethereum network, indicating an increase in demand for stablecoins.

Security Events:

Hackings: Reports of investors losing over $500,000 worth of LINK due to fraudulent sites.

Market Trends:

XRP: Showed a bullish trend, with its price rising 15% over the past week, indicating potential upward momentum.

Government Initiatives:

Russia: Russian companies have begun using Bitcoin and other cryptocurrencies for international payments, following legislative changes that allowed it to do so in response to Western sanctions.

Notes:

Crypto markets are constantly volatile, requiring investors and followers to stay up to date with developments and make informed decisions.

Sources:

Binance Square

Investing.com

Cointelegraph