Ray Youssef, CEO of peer-to-peer crypto trading platform NoOnes, has revealed that NoOnes has confirmed that it suffered a security bugs earlier this month that resulted in the loss of about $8 million in crypto assets. The disclosure came shortly after crypto detective ZachXBT posted the news on its "Investigations by Zach" Telegram channel. Ray Youssef said the losses were due to the "utilization of the Solana bridge" on January 1.
Crypto research firm Glassnode said in an X post that Bitcoin's market dominance is on the rise. After bottoming out at around 54% in December 2024, Bitcoin's dominance has exceeded 57% in January 2025. This trend is similar to the 2020 cycle, when bitcoin dominance bottomed out at around 60% in November 2020 and then began to decline after rising to 69% in January 2021.
The three major indexes of US stocks collectively closed down. The Nasdaq fell 0.5% and rose 1.65% this week; the S & P 500 fell 0.29% and rose 1.74% this week; the Dow fell 0.32% and rose 2.15% this week. Most large technology stocks fell, with Nvidia down more than 3% and Tesla down more than 1%.
The change in US Treasury leadership could change the department's attitude towards cash held at the Federal Reserve, with strategists warning that the move could affect the US bond market. Bank of America and Wrightson ICAP LLC, among others, said the Treasury could reduce the amount of money held in Fed accounts as the cash balance - the cushion that ensures the US can pay its bills - shrinks. This would allow the government to issue fewer short-term bonds and further...
On January 24th, the dollar index DXY fell 15 points in the short term and is now at 107.25. The pound against the dollar GBP/USD rose by 1.00% in the day to 1.2478. The euro against the dollar EUR/USD expanded to 1.00% in the day to 1.0520.
On January 25th, the Nasdaq China Golden Dragon Index rose more than 3%, popular Chinese stocks rose, iQIYI (IQ. O) rose 15%, Kingsoft Cloud (KC. O) rose more than 13%, NIO (NIO. N), XPeng Motors (XPEV. N), NetEase (NTES. O) rose more than 3%.
President Trump: Will sign an executive order to fundamentally reform or abolish the Federal Emergency Management Agency (FEMA).
The total number of oil rigs in the United States in the week to January 24 was 472, compared with 478 previously.
Rick Wurster, chief executive of Charles Schwab, told analysts on a conference call this week: "We do want to be able to offer spot cryptocurrency services, and we expect cryptocurrency regulations will eventually allow us to do so." The Financial Times reported that the SEC later on Thursday overturned guidance known as SAB 121, potentially opening the door for Wall Street banks to take custody of cryptocurrencies.
The S & P Global Manufacturing PMI in January was 50.1, compared with expectations of 49.7 and a previous value of 49.4.
After the release of the US PMI data, spot gold rose short-term, and is now 2781.13 US dollars/ounce.
Russian President Vladimir Putin: Willing to hold talks with US President Donald Trump on oil prices and energy issues.
The total number of existing home sales in the United States in December was 4.24 million, expected to 4.19 million, and the previous value was 4.15 million.
The final value of the University of Michigan Consumer Confidence Index in January was 71.1, with expectations of 73.2 and a previous value of 73.2.