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- Largest Italian Bank Intesa Sanpaolo has Bought $1,000,000 Worth of Bitcoin
Largest Italian Bank Intesa Sanpaolo has Bought $1,000,000 Worth of Bitcoin
News on the Blockchain
January 15, 2025
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News on the Blockchain, January 15th, 2025
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 778
Market Cap: $3.36T (+2.27%)
24h Volume: $125.48B (-28.03%)
Bitcoin Dominance: 57.03%
Ethereum Dominance: 11.51%
ETH Gas Price: 3.46 Gwei
Fear & Greed Index: 51 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $97,113.19 | +2.38% | $1.92T | $54.14B |
Ethereum (ETH) | $3,223.13 | +1.86% | $388.38B | $22.92B |
Tether (USDT) | $0.9995 | 0.00% | $137.19B | $100.10B |
BNB (BNB) | $699.28 | +1.15% | $100.70B | $1.61B |
Solana (SOL) | $188.60 | +2.50% | $91.36B | $2.65B |
💹 Market Highlights:
Total DeFi Volume: $6.83B (5.44% of total 24h volume)
Stablecoins Volume: $114.2B (91.01% of total 24h volume)
Coin with Highest % Change: CBK (+45.42%)
🚀 Trending on DexScan:
Mack/SOL – $0.0088 (+5065%)
devann/SOL – $0.0017 (+1011%)
OVO/SOL – $0.0019 (+1266%)
FCP/SOL – $0.0011 (+37.89%)
TIB/USDT – $0.0374 (+193%)
📈 Preview On Today’s News:
- Largest Italian Bank Intesa Sanpaolo has Bought $1,000,000 Worth of Bitcoin
- TON Expands in US Amid Trump’s Pro-Crypto Administration
- CFTC Eyes Crypto.com's Super Bowl Betting Contracts
Keep reading below for more!
Today’s News:
1)
Largest Italian Bank Intesa Sanpaolo has Bought $1,000,000 Worth of Bitcoin
Intesa Sanpaolo, Italy's largest bank, has made its first-ever direct cryptocurrency purchase by acquiring $1.03 million worth of Bitcoin, netting 11 BTC as reported by Reuters and EuropaWire. This move is seen as a groundbreaking experiment by the bank, with CEO Carlo Messina emphasizing that the investment poses minimal risk compared to its $100 billion securities portfolio while also providing a glimpse into digital investment opportunities for sophisticated clients.
Intesa Sanpaolo purchased 11 BTC for a total of $1.03 million, marking its first direct foray into cryptocurrency.
CEO Carlo Messina described the acquisition as an experimental, low-risk move that signals readiness to explore digital channels for select clients.
2)
TON Expands in US Amid Trump’s Pro-Crypto Administration
TON Blockchain’s The Open Network, an independent project developed by a community separate from Telegram, is set to expand its operations in the United States. The expansion, reported by Bloomberg, aligns with the pro-crypto stance of President Trump following his historic reelection in November 2024, with expectations of favorable regulations and initiatives such as a strategic Bitcoin reserve. Manuel Stotz, the newly named president of the TON Foundation, emphasized the network’s renewed strategic focus on positioning the US as a global crypto hub for innovation and growth.
TON Blockchain, developed by an independent community, is expanding its US presence to capitalize on expected regulatory support driven by Trump’s pro-crypto policies.
Newly appointed president Manuel Stotz highlighted the network’s goal of transforming the US into a leading global crypto hub, supported by initiatives like a strategic Bitcoin reserve.
3)
CFTC Eyes Crypto.com's Super Bowl Betting Contracts
The US Commodity Futures Trading Commission is reportedly considering a 90-day review of Crypto.com's futures contracts that allow bets on football matches, including the upcoming Super Bowl, to determine if they violate gaming laws. The potential probe comes as CFTC commissioners deliberate amid the agency’s broader efforts to regulate event contracts, such as those popularized by decentralized betting platforms like Polymarket. Crypto.com, which operates a US-based derivatives exchange, began trading these contracts on December 23 following proper legal notifications, but the review was delayed due to the Christmas season and concerns over a government shutdown. While the CFTC cannot halt trading immediately, any ban on the contracts could come after the review concludes following the Super Bowl on February 9.
The CFTC is set to review Crypto.com's futures contracts for potential violations of gaming laws, focusing on bets placed on major football events, including the Super Bowl.
The review follows the exchange’s legal compliance in notifying the agency, though immediate action is paused until after the Super Bowl, amid broader regulatory efforts on event contracts.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
