article 📈Tether Launches USDT On Lightning Network, While Elon Musk’s Father Dives Into Memecoins!🔥

The cryptocurrency world never sleeps, and the last day of January 2025 is no exception. Tether has announced the integration of its stablecoin, USDT, into the Bitcoin Lightning Network. Meanwhile, Elon Musk’s father, Errol Musk, has decided to enter the memecoin market. Let’s dive into the details!

How Are Major Cryptocurrencies Performing?

January 2025 has been a month of significant developments in the crypto space, and it’s ending on a relatively stable note. Here’s a quick look at the performance of some of the top cryptocurrencies:

• Bitcoin (BTC): Down by 1.41%, trading at $\mathrm{<span\; style="font-size:16px;">104</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">475</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">t</span>}\mathrm{<span\; style="font-size:16px;">h</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">d</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">l</span>}\mathrm{<span\; style="font-size:16px;">y</span>}\mathrm{<span\; style="font-size:16px;">r</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">n</span>}\mathrm{<span\; style="font-size:16px;">g</span>}\mathrm{<span\; style="font-size:16px;">e</span>}\mathrm{<span\; style="font-size:16px;">b</span>}\mathrm{<span\; style="font-size:16px;">e</span>}\mathrm{<span\; style="font-size:16px;">t</span>}\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">e</span>}\mathrm{<span\; style="font-size:16px;">e</span>}\mathrm{<span\; style="font-size:16px;">n</span>}$$104,475,withadailyrangebetween$103,907 and $106,351.

• Ethereum (ETH): Up by 2.35%, reaching $\mathrm{<span\; style="font-size:16px;">3</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">350.51</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">t</span>}\mathrm{<span\; style="font-size:16px;">h</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">d</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">l</span>}\mathrm{<span\; style="font-size:16px;">y</span>}\mathrm{<span\; style="font-size:16px;">l</span>}\mathrm{<span\; style="font-size:16px;">o</span>}\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">o</span>}\mathrm{<span\; style="font-size:16px;">f</span>}$$3,350.51,withadailylowof$3,215.60 and a high of $3,365.72.

• Solana (SOL): Down by 2.15%, priced at $\mathrm{<span\; style="font-size:16px;">236.84</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">t</span>}\mathrm{<span\; style="font-size:16px;">h</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">d</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">i</span>}\mathrm{<span\; style="font-size:16px;">l</span>}\mathrm{<span\; style="font-size:16px;">y</span>}\mathrm{<span\; style="font-size:16px;">r</span>}\mathrm{<span\; style="font-size:16px;">a</span>}\mathrm{<span\; style="font-size:16px;">n</span>}\mathrm{<span\; style="font-size:16px;">g</span>}\mathrm{<span\; style="font-size:16px;">e</span>}\mathrm{<span\; style="font-size:16px;">o</span>}\mathrm{<span\; style="font-size:16px;">f</span>}$$236.84,withadailyrangeof$234.53 to $244.07.

• XRP: Holding steady at $\mathrm{<span\; style="font-size:16px;">3.08</span>}<span\; style="font-size:16px;">,</span>\mathrm{<span\; style="font-size:16px;">d</span>}\mathrm{<span\; style="font-size:16px;">o</span>}\mathrm{<span\; style="font-size:16px;">w</span>}\mathrm{<span\; style="font-size:16px;">n</span>}\mathrm{<span\; style="font-size:16px;">b</span>}\mathrm{<span\; style="font-size:16px;">y</span>}\mathrm{<span\; style="font-size:16px;">1.28</span>}$$3.08,downby1.28$3.06 to $3.15.

As we head into February, the big question is whether this is the start of altcoin season. Stay tuned!

Tether Integrates USDT with Bitcoin Lightning Network

In a groundbreaking move, Lightning Labs, the company behind the Bitcoin Lightning Network, has enabled Tether’s USDT to operate on Bitcoin’s ecosystem using the Taproot Assets protocol. This integration will allow for instant and low-cost USDT transactions, leveraging the Lightning Network’s infrastructure.

Tether, which processed a staggering $10 trillion in transactions in 2024, is already a major player in global digital payments. This new development could further boost the adoption of stablecoins among Bitcoin users, making cross-border payments faster and more affordable.

Ross Ulbricht Loses $12 Million Due to a DEX Error

In a surprising turn of events, wallets linked to Ross Ulbricht, the recently pardoned founder of Silk Road, lost $12 million due to a pricing error involving the memecoin ROSS on the decentralized exchange Raydium. An MEV bot quickly exploited the mistake, purchasing a large amount of tokens at a discounted price and selling them for a profit. This caused the value of ROSS to plummet by 90%.

Ulbricht, who was attempting to add liquidity incorrectly, ended up losing 40% of the token’s supply. Despite this setback, his wallets still hold 10% of the total ROSS supply, valued at approximately $200,000.

Elon Musk’s Father Aims to Raise $200 Million with Memecoin MUSKIT

Errol Musk, Elon Musk’s father, is making headlines with his ambitious plan to raise $200 million for the Musk Institute through the sale of a memecoin called Musk It (MUSKIT). The token was quietly launched in December 2024 by a Middle Eastern company but failed to gain significant traction, losing over 50% of its value.

Experts argue that without direct support from Elon Musk, the project has limited chances of success, especially when compared to memecoins associated with Donald Trump, which have captured significant market attention. Interestingly, the MUSKIT token has recently seen a sharp price surge, sparking renewed interest.