G.M Frens !

Happy Monday !

This week's news are going to be really interesting to follow 👀

📰 Today's Crypto and Defi Rundown: All the must-know updates in one place! 👇

News 📝

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🕵️‍♂️ Pastor indicted for fraud over crypto scheme that came ‘in a dream’: Washington pastor Francier Obando Pinilla is accused of orchestrating a fraudulent crypto scheme, citing divine inspiration as a basis for his actions. He has been charged with 26 counts of fraud and could face up to 20 years behind bars for misleading members of his congregation into investing.

📧 Millions of OpenSea user emails leaked in 2022 now fully public: OpenSea users are facing renewed privacy concerns as millions of emails from a 2022 breach are now fully exposed online. The leak stems from the NFT marketplace’s automation vendor and underscores the importance of stronger security measures.

🇺🇸 Trump’s inauguration nears, but crypto promises could ‘take some time’: With Trump’s inauguration around the corner, NYDIG warns that crypto reforms could be delayed. The complex legislative landscape surrounding crypto may require significant time to untangle.

📊 Michael Saylor posts Bitcoin tracker for the 10th consecutive week: MicroStrategy continues to dominate the Bitcoin holding narrative, with Saylor showcasing their 51% yearly gain. Their holdings now feature unrealized profits exceeding $14 billion.

🌍 World announces 10 million users verified on World Network: The World Network has hit a significant milestone with 10 million verified users globally. Despite this achievement, regulatory challenges in certain jurisdictions could pose barriers to its expansion.

📚 Blockchain is the best fintech to ensure Sharia ethics — Web3 exec: Blockchain’s ability to comply with Islamic Sharia principles is gaining attention, according to Mohemed AlKaff. He highlighted how token mechanisms can align with ethical and religious standards.

🇮🇳 Indian crypto exchange Mudrex explains withdrawal suspension: Mudrex has temporarily halted withdrawals until January 28, citing compliance needs. The move has sparked skepticism among users, who question the exchange’s transparency.

🍋 Mango Markets shuts down following SEC settlement: Mango Markets, a Solana-based decentralized exchange, is officially shutting down operations. This follows legal issues stemming from governance disputes and a 2022 exploit.

🔒 Singapore blocks access to Polymarket over unlicensed gambling concerns: Singapore authorities have banned Polymarket, citing its breach of the Gambling Control Act 2022. The crackdown highlights strict regulatory oversight of unlicensed operators.

⚖️ NY Attorney General files lawsuit to recoup $2.2M in crypto lost to job scam: Victims were duped into crypto scams disguised as well-paying, flexible job opportunities. The NY Attorney General is pursuing legal action to recover $2.2M in losses.

📈 Binance altcoin dominance hits 78%, analyst eyes ‘strong momentum’ ahead: Analysts point to Binance’s 78% dominance as a signal for an altcoin bull market in 2025. Rising altcoin trading volumes underline investor confidence in the sector.

🐦 Litecoin X account briefly hacked to promote a fake token: The Litecoin X social media account fell victim to hackers promoting fraudulent tokens. This adds to a growing trend of social media breaches targeting crypto projects.

📉 $BTC consolidates below 20-day EMA, deeper pullback after $94K?: Bitcoin’s price is consolidating under its 20-day EMA amid potential corrections. Analysts suggest further pullbacks could follow ahead of Trump’s January 20 inauguration.

🌱 The Giving Block starts disaster fund for California wildfire victims: The Giving Block has launched a disaster relief fund, leveraging crypto for philanthropy. To date, the platform has raised $200M in crypto donations, showcasing its impact.

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Stay informed, stay ahead! 🚀

See u soon 😇