By Shikha Singh
Ripple Unlocks 500 mn XRP as Trump’s Crypto Agenda Boosts Market Sentiment.
Ripple has unlocked 500 million XRP tokens, valued at $1.1 billion, which has sparked excitement in the XRP community and contributed to an 11.22% price surge in the past 24 hours, pushing XRP to a daily high of $2.44. This move also increased XRP’s market cap to $135 billion. Ripple transferred the tokens from its “Ripple 25” wallet to its “Ripple 13” wallet, locking 500 million in escrow.
AI16Z surpasses $2.7 bn market cap as AI agents hype surges.
Altcoins have seen significant gains recently, with Bitcoin’s rebound fueling the momentum. Among them, ai16z has garnered attention, soaring by 35% in the past 24 hours, reaching an all-time high of $2.48. This surge has driven its market cap past the $2B mark, hitting $2.73 billion.
Whale accumulation has played a major role in ai16z’s price rally. Large institutional investors are increasingly buying the token, with notable transactions including a $3.95M withdrawal from Gate.io and large-scale purchases using SOL coins. This surge in whale interest has contributed to ai16z’s price increase from below $1 to over $2 in just a week.
South Korean gaming giant Wemade to double down on blockchain-based social communities.
South Korean gaming giant Wemade is preparing for significant developments in 2025, with plans to integrate blockchain technology into its gaming and social community platforms. CEO Park Kwan-ho described 2025 as a potential “turning point” for the company, emphasizing blockchain’s ability to foster trust through data transparency and interoperability. Wemade aims to build new social communities leveraging these capabilities.
Indonesian FSA crypto oversight transition stalled due to lack of government bill.
Indonesia’s transition of crypto asset oversight from the Commodity Futures Trading Agency (Bappebti) to the Financial Services Authority (OJK), originally planned for January 12, 2025, is facing delays due to a lack of supporting government regulation. Although OJK and Bappebti are collaborating on the process, they have not yet finalized the necessary legal framework for the transfer. Finance Minister Sri Mulyani first proposed the transition in late 2022, but the official government bill to enact the change is still pending.
Despite the delay, both OJK and Bappebti are preparing for the shift. OJK has been studying international crypto regulations and training its staff to oversee crypto markets, while existing crypto rules continue to apply until the introduction of new regulations.
Sonic Labs Announces S Token Launch and FTM Transition.
Sonic Labs has announced the launch of its new native S token, which will replace the existing FTM token on a 1:1 basis. The transition aims to enhance the Sonic ecosystem, with the S token debuting on 13 major exchanges, including Binance and Bybit. During the first 90 days, users can exchange FTM for S tokens through the MySonic upgrade portal, after which they can only upgrade from FTM to S.
AI Meme Tokens Surge Near $11bn Total Market Cap.
AI-related meme tokens have surged to a market cap of $10.9 billion, up 25.3% in 24 hours as of January 2, 2025. The top three leading tokens—AI16Z, FARTCOIN, and ZEREBRO—account for over 40% of this total, with market caps of $2.50 billion, $1.37 billion, and $715 million, respectively. AI16Z is particularly prominent, operating as an AI-managed crypto fund and governed by the ai16zDAO, with token holders influencing investment decisions through AI. The meme coin market has seen explosive growth in 2024, increasing 500% from $20 billion to $120 billion, but these tokens are highly speculative, driven by social hype and susceptible to volatility, resembling financial bubbles.
You need to login in order to Like
