What has happened in the cryptocurrency space in the past 12 hours:
- $BTC dropped below 97K
- $XRP CEO dined with Trump
- Musk says X Payments does not support cryptocurrency
- $SONIC listed on Upbit today
- Backpack acquires FTX EU
- $USUAL announces income conversion details
- $WLD launches brand new 5x AI performance orb
- $POWR announces 2025 roadmap
- $MOVE to release announcement soon
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• $BTC - BTC dropped below $97,000, hitting $96,300, currently trading at approximately $96,800, a drop of about 5% in 24 hours.
• $XRP - Ripple CEO Brad Garlinghouse shared a photo today on X Channel with Ripple's Chief Legal Officer Stuart Alderoty dining with the elected U.S. President Trump at Mar-a-Lago on Monday night.
• Elon Musk recently discussed payment issues on the X platform in X Stream. Musk stated there are currently no plans to use cryptocurrency for payments due to the need to obtain permission.
• $SONIC - Sonic SVM has now been listed on several exchanges including OKX and Bybit. It will also go live on Upbit KRW today, but the specific time has not been announced. Deposits and withdrawals of $SONIC on Upbit will open at 3 AM UTC.
• Backpack Exchange has officially acquired FTX EU with the approval of the FTX bankruptcy court. Backpack will expand its derivatives business in Europe and will distribute about €53 million ($55 million) of FTX bankruptcy claims to FTX EU customers.
• $USUAL - Income distribution conversion will begin when staking volume reaches 50% or more of $USUALx, or on February 1. 100% of monthly protocol revenue will be directly allocated to USUALx stakers. At current income levels, this amounts to about $5 million per month.
• $WLD - The World team has launched an ORB powered by the latest NVIDIA Jetson chipset, featuring 5x AI performance.
• $POWR - Power Ledger has announced its 2025 roadmap. Key milestones include $POWR's migration from Ethereum to Solana and the listing of $POWR SPL tokens on top CEX and DEX.
• $MOVE - Movement founder @rushimanche tweeted that "something is about to happen," hinting at an upcoming announcement. CT is awaiting an announcement regarding the Movement mainnet.
