Jay Crypto News

The House Ethics Committee released a long-awaited report on its investigation into former Rep. Matt Gaetz, R-Fla.

The panel investigated multiple allegations against Gaetz on and off since 2021, including those concerning sexual misconduct, illicit drug use, accepting improper gifts, giving special favors to people with whom he had personal relationships and obstructing the House Ethics probe itself.The investigation came to an end when Gaetz resigned from Congress in November after he was announced as President-elect Donald Trump's choice for U.S. attorney general. (The Ethics panel only has jurisdiction over sitting members of Congress.) Gaetz withdrew his name from consideration to lead the Justice Department on Nov. 21, as details emerged about the testimony of women who spoke to the Ethics committee.

create me a catchy headline from this.🇺🇸 USAcoin
Peter Schiff proposes creating a US government token with a limited supply, like Bitcoin's 21 million coins, instead of creating a BTC reserve.
🙃 Peter can't accept the fact that he's wrong about Bitcoin, and suggests creating a government analogue of BTC, and with some kind of modernized blockchain.
It turns out we are waiting for the listing of USAcoin 😀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.#BinanceLaunchpoolBIO #MicroStrategyInNasdaq100 #BTCNextMove

As of December 22, Ripple’s XRP has seen a significant decline, trading at $2.22—down more than six percent. The digital asset, which had gained significant momentum earlier this month, has now lost much of those gains, finding itself at a critical juncture. Alongside the broader cryptocurrency market, where all of the top 10 coins are experiencing losses, XRP's performance has raised questions about its near-term price action.
### XRP's Current Market Position
The decline in XRP’s price follows a strong rally earlier this month, leaving analysts to speculate that the asset could be undergoing a correction phase. While the initial surge created optimism, the recent downturn indicates that the price may be consolidating, potentially as part of a broader corrective pattern or even entering a phase of extended sideways movement.
As of now, XRP’s performance appears to be caught between two potential outcomes: either a continuation of its consolidation before another upward move, or the beginning of a deeper corrective phase. With the broader crypto market also showing signs of weakness—Solana and Dogecoin, for instance, are recording double-digit losses—XRP’s current price action appears to be following a general market trend.
### Key Levels to Watch: Resistance and Support
#### Resistance Zone
For those looking to gauge potential price movements, the immediate resistance zone for XRP lies between $2.30 and $2.53. Should the price rise and test this area, it could encounter significant selling pressure. If XRP struggles to break through this level, it could reverse and continue its downtrend, highlighting the importance of these resistance levels for traders looking to manage risk.
#### Critical Support Level
On the flip side, $1.96 stands as the key support level. This level marks a previous low from earlier in December, and its significance is that it could act as a pivotal point for price action. If XRP drops below this level, the price could face additional selling pressure, potentially driving the asset down to a lower range between $1.39 and $1.80. This zone would represent the next major support area to watch closely.
### Consolidation or Correction?
At this stage, XRP could be in the midst of a consolidation phase. Consolidation typically occurs after a strong move in either direction, as traders reassess market conditions. If XRP can hold above the $1.96 support, it may consolidate within a defined range, with the potential to eventually break higher and test the resistance zone between $2.30 and $2.53. This would indicate that the recent correction is merely a short-term phase before the next upward push.
### Downside Risk
However, if XRP breaks below the critical support level of $1.96, the price could enter a more significant correction phase. In this case, the cryptocurrency might move toward the lower support range between $1.39 and $1.80, an area where further price action could either confirm a deeper downtrend or prompt a reversal. Traders should be mindful of this risk, especially as market conditions remain volatile.
### Conclusion
XRP’s price is at a crossroads, with the next few days likely determining whether it continues its consolidation phase or experiences a deeper correction. With resistance at $2.30–$2.53 and critical support at $1.96, the price action in these regions will be crucial for determining XRP’s next move. Traders and investors alike should stay vigilant, as the price could either rebound toward the resistance zone or fall further into the lower support range, with potential for a longer-term reversal.
As always, caution is advised when navigating the highly volatile cryptocurrency market. (NFA)

🚨🚨Did the UAE’s Bitcoin Holdings Really Reach $40 Billion? 🤔😯😯😯🤔
Recently, a bold claim circulated in the crypto community suggesting that the United Arab Emirates (UAE) has amassed a staggering $40 billion in Bitcoin. However, some prominent figures, including crypto commentator Bitcoin Archive, have raised doubts about this claim, questioning the lack of credible evidence to support it. So, is this a genuine development, or just another rumor? Let’s delve into the details.
#### UAE’s Bitcoin Holdings Allegedly Hit $40 Billion
Reports have surfaced indicating that the UAE’s Bitcoin holdings have surged to $40 billion, reflecting the country's growing interest in cryptocurrencies. This development aligns with the global rise in cryptocurrency prices and underscores the UAE’s commitment to fostering a crypto-friendly environment. Efforts like the creation of Dubai’s cryptocurrency hub have helped promote blockchain startups, contributing to an increase in Bitcoin reserves within the country.
Industry experts speculate that the UAE will continue expanding its Bitcoin holdings, positioning itself as a leader in the space and encouraging institutional investment in the process. Binance’s former CEO, Changpeng Zhao (CZ), even hinted at the UAE’s covert accumulation of Bitcoin reserves.
#### Lack of Evidence to Back the Claim
Bitcoin Archive recently highlighted the lack of verifiable sources behind a report published by Bitcoinist, which claimed that the UAE’s Bitcoin holdings had reached $40 billion. According to Bitcoin Archive, the article failed to provide any credible evidence or supporting links to substantiate the acquisition. After conducting their own research, Bitcoin Archive found no confirmation of such a major purchase.
The organization emphasized that a move of this magnitude would likely generate worldwide attention, especially given the UAE’s significant role in the global crypto market. The report also touched on the ongoing debate about Bitcoin’s place in national financial reserves, citing former U.S. President Donald Trump’s suggestion of creating a U.S. Bitcoin Strategic Reserve.
#### Doubts About the Report's Credibility
Bitcoin Archive also expressed skepticism regarding the “Bitcoinist” article, criticizing its flashy headline and lack of supporting details. The article’s author failed to provide sufficient background information, which only heightened concerns over the report’s accuracy.
#### UAE’s Crypto Growth Continues
Between 2023 and June 2024, the UAE saw an influx of $34 billion into cryptocurrencies, marking a 42% increase compared to the previous year. Bitcoin has emerged as a dominant force in the region, capturing 19% of the market share, while stablecoins like Tether hold 51%.
Tether, for instance, is preparing to launch a dirham-backed token, underscoring the UAE's commitment to the digital asset sector. By 2025, it is estimated that 3.78 million people in the UAE will be actively engaged in crypto.
Moreover, reports indicate that by early 2024, 72% of UAE residents had invested in Bitcoin, with significant contributions from large institutional investors. The country’s rapid growth in the crypto space has positioned it as a key player on the global stage.
### Conclusion
While the claim that the UAE’s Bitcoin holdings have reached $40 billion remains unverified, the country’s ongoing crypto expansion is undeniable. Its strategic efforts to cultivate a digital asset-friendly ecosystem and attract institutional investment continue to solidify its role as a leading crypto hub. Whether or not the $40 billion figure is accurate, the UAE's influence on the global crypto market is clear.

Guess what? Our very own Changpeng Zhao, or CZ as we fondly know him, is back with a bang! 🎉 After stepping down from Binance, he's channeling his energy into something truly inspiring: Giggle Academy#MarketPullback . 🌟
What's Giggle Academy?
It's a non-profit educational platform aiming to provide free basic education for kids from grades 1 through 12, especially in developing countries. The coolest part? It's all about gamified learning! Think badges, points, and rankings to make education as addictive as your favorite video game.
CZ is super passionate about this project. He believes that by focusing on areas like emotional intelligence, finance, blockchain, and AI, we can empower the next generation to be thinkers and innovators. And don't worry, there are no new tokens involved here—it's all about education.
A Call to Educators:
Giggle Academy is on the lookout for teachers who can create engaging digital content. If you've got a knack for making learning fun and accessible, this might be your chance to work directly with CZ and make a global impact. 🌍
Stay Safe Online:
Recently, there was a hiccup with Giggle Academy's X account being hacked. CZ has addressed this and is working on restoring it. Always be cautious of phishing links and ensure you're getting information from verified sources.
Let's rally behind CZ and Giggle Academy as they embark on this noble journey to make education free and fun for all! 🎓💫

In a world where financial freedom and online opportunities are becoming increasingly sought-after, I found an unexpected and rewarding way to earn money through cryptocurrency – without making any upfront investment. If you're looking to make money in the crypto world, Binance is one of the most popular platforms that can help you unlock such opportunities. Let me share my personal journey on how I started earning $9.96 a day on Binance – all without investing a single dollar.
Discovering the Power of Binance
As someone who had always been interested in cryptocurrency but didn’t have the funds to invest, I was looking for a way to earn from the growing crypto ecosystem. After researching several platforms, I found Binance – one of the largest and most reputable crypto exchanges in the world.
Binance offers a multitude of tools and features that allow people to participate in the cryptocurrency market without needing to spend a large amount of money. Among these features, I discovered several methods that enable users to earn daily rewards and passive income, even without an initial investment.
The Best Way to Earn on Binance Without Investment: Binance Earn
The first feature I stumbled upon was Binance Earn. It provides users with an easy way to earn passive income through flexible savings, staking, and other reward-bearing products. But what caught my attention was Binance’s "No Investment" feature, which lets you start earning without any upfront capital. Here are the key methods that helped me make $9.96 daily.
1. Binance Savings: Earning with Flexibility
Binance offers flexible savings, where users can earn interest on their crypto holdings. This means that you can deposit your cryptocurrency, let it sit, and earn rewards on it. While you might think you need to deposit significant funds, Binance also lets users start with very small amounts, and the interest starts accumulating right away.
I started by using some of the free rewards Binance offers through promotional bonuses, such as signing up bonuses and small airdrops. These often include small amounts of crypto tokens, which I immediately staked in flexible savings plans, earning small but consistent interest payments daily. Even a small amount of crypto can grow over time, and it felt like I was making money in my sleep.
2. Binance Staking: Earning Rewards for Holding Tokens
Another fantastic feature that helped me boost my daily earnings was staking. Staking involves locking up your cryptocurrency for a certain period to support blockchain networks, and in return, you receive rewards in the form of more tokens. Binance offers easy staking options for users, even those who don’t own significant amounts of tokens. You can stake smaller amounts and still earn attractive rewards.
I didn’t have any investment capital to buy tokens outright, but Binance’s staking rewards and giveaways allowed me to earn crypto, which I then staked to earn additional rewards. Over time, this passive income from staking contributed significantly to my daily earnings, bringing in approximately $9.96 daily, and sometimes even more.
3. Binance Earn "Launchpool": Getting Free Tokens
The Launchpool feature on Binance also caught my attention. It allows users to earn new tokens by staking existing ones in various projects without any cost. Binance regularly hosts new token offerings, where you can stake Binance Coin (BNB) or other eligible cryptocurrencies and earn free project tokens in return.
I participated in several of these Launchpool events and staked small amounts of my existing tokens, earning free new tokens. These rewards were not only profitable but offered the potential for price appreciation if the tokens gained traction. I earned a substantial amount of tokens daily, and by reinvesting my rewards, I boosted my income even further.
4. Referral Program: Earning by Helping Others
Another way to earn on Binance without any initial investment was through the Binance Referral Program. This program rewards users for referring new members to the platform. Every time someone you refer trades or uses Binance, you earn a percentage of their trading fees. The more people you refer, the more you can earn.
shared my referral link with friends, family, and on social media, and every time someone signed up and made their first trade, I earned a percentage of their trading fees. Over time, these referral commissions added up to a steady daily income that brought me to around $9.96 per day, and sometimes more.
5. Binance Airdrops: Free Crypto
Airdrops are one of the most exciting features in the world of cryptocurrency. With Binance, I had the opportunity to participate in free airdrops for new tokens or promotional events. Airdrops are often given to Binance users who meet certain criteria, such as holding a specific token or completing simple tasks.
While the rewards from airdrops may not always be huge, they do add up over time. Some of the airdropped tokens I received were later worth more than I expected, and by holding onto them, I saw my earnings grow. These airdrops were key contributors to my daily earnings of $9.96, which was purely from participating in these free programs.
6. Binance Futures (With Caution)
While I didn’t directly trade with real capital, Binance Futures offers a demo account where users can practice and potentially earn rewards. Although trading with real capital carries risk, using a demo account allowed me to learn and understand the trading mechanics without the financial exposure.
Though I didn't profit directly from futures trading, by using Binance’s daily giveaways and promotions, I was able to use the virtual rewards as practice and gain small amounts of profit in real trading scenarios later on.
Tips for Maximizing Your Earnings:
1. Keep an Eye on Promotions: Binance regularly offers limited-time bonuses, airdrops, and staking opportunities. By staying active and following their announcements, I always made sure to take advantage of new offers.
2. Compound Your Earnings: One of the keys to growing your daily earnings is reinvesting your rewards. By compounding my staking and savings rewards, I was able to accelerate my earnings over time.
3. Diversify Your Earning Methods: Don’t rely on just one method to earn. Spread your efforts across savings, staking, referral bonuses, and airdrops for a diversified income stream.
Final Thoughts: Consistency is Key
Earning $9.56 daily on Binance without any upfront investment isn’t about getting rich overnight. It’s about consistency, patience, and leveraging all the tools that Binance offers to maximize your passive income. By exploring flexible savings, staking, referral programs, and airdrops, I was able to build a steady income stream without needing to invest my own money.
If you're willing to put in the effort, stay informed about opportunities, and reinvest your rewards, you can start your own journey to earning money on Binance. So, if you're looking for a way to earn passive income, take advantage of the many features Binance offers, and watch your earnings grow!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.