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Tether's USDT has seen a 2.8% market cap drop since its peak in December 2024, attributed to a seasonal trading slowdown rather than a bearish market shift, according to Matrixport. Despite fears of delisting due to the EU's MiCA regulation, community members have dismissed these reports as FUD, emphasizing ongoing support for USDT on major exchanges. As the market recovers from the holiday lull, analysts anticipate a resumption of bullish momentum.
In early January 2025, global law enforcement intensified efforts against cryptocurrency scams and AI deepfake fraud. Vietnamese police arrested four individuals linked to a crypto-mining scam that defrauded over 200 victims, while Hong Kong authorities apprehended 31 scammers using AI deepfakes to steal approximately $4.37 million from international victims.
Bitcoin is currently battling the significant $100,000 price point, with traders eyeing it as a key resistance level amid mixed market sentiments. As retail investor participation wanes, macroeconomic factors, including potential interest rate cuts and inflation concerns, add to the uncertainty. Meanwhile, LBank continues to grow, boasting over 15 million registered users and implementing innovative strategies to enhance its market presence.
LBank has solidified its position as a leading global exchange, achieving over 15 million registered users and winning multiple awards in 2024. The platform emphasizes security, having prevented potential losses of $1.2 billion, and has actively engaged in the memecoin market, listing over 300 new projects and establishing a $10 million MEME Special Fund to support innovative initiatives. Looking ahead, LBank plans to enhance its trading services and compliance efforts while curating a diverse selection of high-growth tokens to adapt to evolving market trends.
Eric He
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tether market cap decline attributed to seasonal trading slowdown not bearish trend
11:17 06.01.2025
global crackdown on crypto scams and ai deepfake fraud intensifies
10:58 06.01.2025
Bitcoin battles for 100000 as macroeconomic risks loom over market
10:30 06.01.2025
LBank's Strategic Growth and Innovations in the Evolving Crypto Market
19:00 03.01.2025
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