THORChain, a decentralized liquidity protocol that facilitates cross-chain exchanges without centralized intermediaries, is currently facing significant financial challenges. On January 23, 2025, the network's node operators decided to temporarily suspend Bitcoin (BTC) and Ether (ETH) lending and savings programs to prevent potential insolvency and protect liquidity providers.
This measure, which involves a 90-day pause on ThorFi repayments, aims to allow the community to develop a plan to stabilize operations and restructure the protocol's debts, which amount to approximately 200 million dollars, primarily in BTC and ETH. During this period, the main functions of THORChain's decentralized exchange continue to operate normally, allowing users to conduct exchanges and liquidity providers to make deposits and withdrawals without interruptions.
Following the announcement of the suspension, THORChain's native token, RUNE, experienced a significant drop in value, reflecting market concerns about the protocol's financial situation.
The THORChain community is actively working on solutions to overcome these challenges, including debt restructuring and implementing measures to ensure the long-term stability of the protocol. Despite the current difficulties, many community members are confident in the protocol's ability to recover and strengthen its position in the decentralized finance ecosystem.
Don't lose hope; it could be a good opportunity at usd2. This is not an investment advice, just my point of view.
#TrumpCryptoOrder TRUMP's incoming Cryptocurrency Task Force and CBDC Ban, which bans the creation of Central Bank Digital Currencies ( CBDC ) in the United States, and excludes the U.S. Federal Reserve and the Federal Deposit Insurance Corporation ( FDIC ) from cryptocurrency working groups. U.S. President Donald Trump signed an executive order to resolve some banking challenges from Web3 companies and create clearer regulations for digital assets. The executive order created a task force on digital asset markets tasked with finding ways to promote U.S. leadership in the cryptocurrency sector industry along with assessing the National Digital Asset Strategic Reserve. $BNB
#TrumpCryptoOrder Trump's pro-crypto push is here! The latest executive order aims to establish a supportive framework for digital assets, with talks of a potential digital asset accumulation. Bitcoin reacted strongly, breaking above $106,000 before cooling off. đ What does this mean for the future of crypto regulation in the US? Will the CBDC ban affect the market differently? Share your thoughts! đ
#CryptoSurge2025 - Market expectations: 2025 is expected to be a year of growth for specific cryptocurrencies, with high price forecasts for Bitcoin, Ethereum, and other altcoins. It is mentioned that Bitcoin could reach $120K, while Ethereum could hit $12K or even $7K according to different sources and speculations in X posts. - Trends and predictions: There are a series of analyses and predictions about which cryptocurrencies could be the most promising in 2025. Sources like Forbes and other financial news platforms have published articles listing the cryptocurrencies to watch, highlighting their potential based on technological developments, institutional adoption, and other factors. - Global and economic impact: The articles also touch on how cryptocurrencies and blockchain technology are shaping the global financial landscape, affecting banking policies and innovation in fintech. It is anticipated that 2025 could mark a "golden age" for cryptocurrencies, with a significant increase in the acceptance and use of these technologies, I read.
#CrytoSurge2025 Crypto Surge 2025: Are We on the Brink of a New All-Time High? đđĽ" The cryptocurrency market is heating up, and many experts believe that 2025 could be the year of the big change! đđ With increasing institutional adoption, new regulations on the horizon, and Bitcoin becoming increasingly scarce, the next bull run could surprise everyone. đŽ Explosive altcoins, $SOL on the rise, NFTs, and new blockchain innovations⌠Everything points to a market ready to shoot up! But the question remains: are we prepared for the biggest boom in cryptocurrency history? Will Bitcoin surpass 110,000 dollars? Which projects will dominate the market? đ Share your predictions, I'm reading you.
đ¨đ¨đ¨ Attention everything is about to change đ¨đ¨đ¨
The total market capitalization of cryptocurrencies is forming a textbook triangle pattern. We are approaching a key breakout zone. If this resistance is broken, it could signal the start of the #altcoins season, with altcoins leading the next big rally. Keep an eye on this level; it is crucial for altcoin dominance.
US D.O.G.E. sports #Dogecoin logo after inauguration announcement #TRUMP
The official website of the Department of Government Efficiency now sports the dogecoin token logo.
The website of the newly created US Department of Government Efficiency, run by technocrat Elon Musk, began displaying a dogecoin (DOGE) token logo on Tuesday, despite having no direct relation to the world's largest memecoin.
"To restore the competence and efficiency of our federal government, my Administration will create the brand new Department of Government Efficiency," Trump said during his speech after the inauguration. #DonaldTrump #TRUMPOnBinance $DOGE
#TrumpMarketInsights trump will sign an executive order making it easier for banks to access digital asset ownership, marking a historic milestone in financial regulation. This will further reduce the supply of Bitcoin (BTC), increasing its scarcity and potential value. The 47th US president owns $BTC , reinforcing institutional confidence in the asset. This move could trigger mass adoption, attracting both large investors and traditional banks. Bitcoin is on track to match the market cap of gold in less than 4 years, consolidating itself as the benchmark digital asset. âď¸âď¸âď¸
Trump Makes Elon Muskâs D.O.G.E Official With an Executive Order Despite Being Sued Over It
Moments after his iconic and highly-anticipated inauguration, âcrypto presidentâ Donald Trump has signed many executive orders, and according to a report from Reuters, Elon Muskâs Department of Government Efficiency (D.O.G.E) was one of those orders.
Elon shared last year that the departmentâs goals include cutting three-quarters of federal jobs and eliminating entire agencies, going for at least $2 trillion annually. But Trumpâs executive order has been met with immediate lawsuits and fierce criticism from watchdogs, unions, and public interest groups all together.
Progress pic.twitter.com/iNAgAtPPCV
â Department of Government Efficiency (@DOGE) January 21, 2025
Keep in mind that technically, D.O.G.E holds no official power to enforce its recommendations. âTo restore competence and effectiveness to our federal government, my administration will establish the brand-new Department of Government Efficiency,â Trump declared during his speech after the swearing-in.
D.O.G.E faces legal firestorm
Among the first to file a lawsuit was National Security Counselors, a legal advocacy group. They claim the committee violates the Federal Advisory Committee Act of 1972, which requires advisory groups to operate transparently.
The lawsuits also accuse D.O.G.E of having an unclear legal structure, with Public Citizen, another watchdog, demanding more details about how the group will actually function.
The lawsuits named many defendants, including Elon himself and the White Houseâs Office of Management and Budget. They argue that the initiativeâs lack of proper oversight could lead to chaos within federal operations.
But history tells us that this isnât the first time committees like D.O.G.E have been created. In 1982, President Ronald Reagan formed a similar group to streamline federal spending. Though that effort did end up producing a delayed report with recommendations that were largely ignored.
Elon Musk speaking ahead of President Donald Trump: âIt is thanks to you that the future of civilization is assured. We're going to have safe cities â finally â secure borders, sensible spending. Basic stuff. And we're going to take DOGE to Mars!â pic.twitter.com/jO7NRSzcAP
â America (@america) January 20, 2025
Originally co-chaired by biotech entrepreneur Vivek Ramaswamy, D.O.G.E now has Elon as its sole leader. Hours after Trump signed the executive order, Vivek announced his departure on X, saying he wanted to pursue political ambitions in Ohio, specifically as the stateâs governor.
âVivek Ramaswamy played a critical role in helping us create D.O.G.E,â said Anna Kelly, Trumpâs spokesperson. She added, âHe intends to run for elected office soon, which requires him to remain outside of D.O.G.E based on the structure we announced today.â
Vivek, for his part, said in a post on Jan. 20 that:
âIt was my honor to help support the creation of DOGE. Iâm confident that Elon & team will succeed in streamlining government. Iâll have more to say very soon about my future plans in Ohio. Most importantly, weâre all-in to help President Trump make America great again!â
The Reuters report says that Elonâs initial focus for D.O.G.E will be on assessing which federal agencies are ripe for downsizing or elimination. Agencies like the Environmental Protection Agency, the Internal Revenue Service, and the Department of Education are reportedly under review.
A new dawn. đşđ¸ pic.twitter.com/a3Vthjth69
â Vivek Ramaswamy (@VivekGRamaswamy) January 20, 2025
Tariff threats add to the drama
Meanwhile, Trump has also ramped up his trade policies after taking office, issuing warnings to Canada and Mexico about potential tariffs. Speaking to reporters on Monday, the 45th and 47th president of the United States said his administration was considering 25% levies on goods from both nations, citing border control failures and fentanyl trafficking as key reasons.
âWeâre thinking in terms of 25% levies on Mexico and Canada because theyâre allowing a vast number of people over the border,â Trump said. He added that the tariffs could take effect as early as February 1.
The tariffs are part of the presidentâs plan to overhaul trade systems and protect American jobs. Analysts predict these measures could severely affect Canadaâs economy, which trades over $500 billion annually with the U.S.
Trump has also reiterated the idea of stricter tariffs on China, using TikTok as a leverage point. The president said he believes the tariffs could force TikTokâs parent company to sell its U.S. operations to an American firm.
Trumpâs return to the White House has electrified crypto markets. Bitcoin made a brand new all-time high of nearly $110,000, though Trumpâs meme coin TRUMP is plummeting along with his wifeâs MELANIA.
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đŁI think we all expected at least a few words from #TrumptMarketInsights in his speech, but let's not get discouraged đŞđť.
đ¨Let's keep the following in mind:
- Post-halving year - February generally positive returns. (image below) - Assumption of #PaulAtkins in the sec. - Favorable regulatory policies. - etc.
đđťif we look at the medium term as a minimum and extend to the long term, I see a very good future #crypto !
if we go to the chart he left below, we see a return of $BTC over the last 5 years of 1449 %. let's imagine that we have $5000 to invest, we would currently have a profit of $USDC $72450
and I am only talking about $BTC other well-known coins that have made exorbitant returns.
let's imagine with all this scenario what everything could be in #2030 đĽ I think we have to wait and we will all get rich! in fact, why are we in this beautiful profession if we don't want to achieve an early retirement đ .
this is not advice, it's simply my point of view regarding a possible scenario that I think will make more than one person happy!!!
Trump Does Not Mention Cryptocurrencies in the Inaugural Address U.S. President Donald Trump did not mention cryptocurrencies during his inaugural address at the U.S. Capitol in Washington, DC, today. "Today I will sign important executive orders," Trump said, addressing immigration, tariffs, inflation, and gender issues, but not cryptocurrency.
In his inaugural speech, elected president Donald Trump is likely to address the topic of cryptocurrencies, given his recent launch of the $TRUMP token, which has seen a significant increase in value, reaching a market capitalization of 40 billion dollars in two days. This move suggests a shift in his stance towards cryptocurrencies, from a critical attitude to one of support and promotion of the sector. It is likely that in his speech he will highlight the importance of fostering innovation in the financial sector and the adoption of emerging technologies, positioning the United States as a leader in the cryptocurrency market. Additionally, he may announce favorable regulations for the sector, with the aim of boosting its growth and ensuring its integration into the national economy.
Do you think mentioning crypto in his speech is bullish? What do you say? I'm reading you đ
The sudden collapse of the cryptocurrency market has left many questioning what caused the sharp decline. Here is an in-depth analysis of the situation: 1. Key Theories Behind the Collapse Regulatory Backlash Governments may have introduced stricter regulations, restricting cryptocurrency trading or mining. Recent headlines about lawsuits against exchanges or bans may have triggered fear-driven sales. Whale Sales
#Eosproject đđđĽ The EOS Foundation is a nonprofit organization that promotes and develops the EOS ecosystem, a blockchain platform. Its main objectives are: - Support developers - Promote the EOS ecosystem - Manage community funds - Develop the EOS platform The foundation plays a key role in the growth and development of the ecosystem.
đ¨Great move by the whales selling hours before the assumption of #TRUMP to generate panic 𤣠so that retail closes their positions or sells their holdings, something classic.
don't be scared !! it's a correction the #BullMarketđ is about to enter its 3rd wave, perhaps the largest in recent times.
đ¨ LAST NEWS: RIPPLE'S LEGAL DIRECTOR, STUART ALDEROTY, DROPS A BOMBSHELL! đŹ "The next administration is likely to abandon the SEC's appeal report." đŹ "A new era of regulation favoring innovation is coming, and Ripple is thriving!" This groundbreaking statement marks a huge shift for Ripple and the cryptocurrency market in general. đđź With a long-standing case resolution seemingly within reach, Ripple is poised to lead the charge towards a regulatory era favorable to cryptocurrencies. đ What this means: Case closure: the battle with the SEC could end sooner than expected. Innovation-friendly policies: a new administration could prioritize cryptocurrency-friendly regulations, paving the way for growth and innovation. The rise of Ripple: with uncertainty fading, Ripple is positioned to thrive like never before. đ The future looks bright! This is not just a victory for Ripple; it is a victory for cryptocurrency innovation worldwide. Stay tuned, because the best is yet to come! #XrpđĽđĽ
$XRP I am watching dive in D1 and logically with so much accumulation these days given everything fundamental it is healthy to have a pullback; it could be between 2.80 and 3.10 then go to the moon with xrp đĽ mid-February early March at 5usd per coin đľ
$XRP đ¨ UPDATE CRAZY $XRP Ripple announced they will hold back 25% of xrp! This is great for sustainability in the future 𫣠This means there will only be 75 billion coins available in circulation (equivalent to burning 25% without actually having to do it) super bullish đ #xrp #CryptoReboundStrategy $XRP
buy xrp some meme coin and layer 2 projects âď¸đľ
Frutillita01
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What do you recommend when seeing this? I am new and would like to know your opinions, I know it is very little, I am thinking of investing in BIO but I still don't know.
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