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The post Viral Ethereum (ETH) Altcoin at $0.175 Set to Explode Past $12 appeared first on Coinpedia Fintech News Rexas Finance is a new crypto project built on Ethereum. Since its presale began in September, it has gone viral and gained massive attention. The project’s rise to stardom mainly resulted from its strong fundamentals, which have created a wealth of opportunity in the real-world asset tokenization market. With its native token, RXS, currently in the eleventh stage of its presale at $0.17, experts predict its value could skyrocket past $12 once it hits major exchanges. However, the timeline may leave you in awe. What is Rexas Finance (RXS) Rexas Finance looks to ensure RWA tokenization, i.e., tokenizing physical assets like real estate or commodities like currencies. This makes these assets easier and cheaper for the average investor, as they are now more tokenized. This is important because the market was previously out of reach for smaller investors, who lacked the capital to trade them. Rexas is not just about tokenizing assets; it’s about doing so in a simple, secure, and open way for everyone. Thus, it provides powerful tools meant to serve everyone’s investment needs. These include: Rexas Token Builder : This is its flagship, user-friendly tool for creating digital tokens without coding skills. QuickMint Bot lets you create tokens directly from your smartphone or computer through Telegram and Discord. AI Shield : Provides advanced security and audits for smart contracts. GenAI : Generates digital artworks tailored for NFTs. Treasury and DeFi Solutions : Helps investors earn better returns on their crypto assets. These tools make Rexas Finance a one-stop shop for creating and managing tokenized assets. As a result, Rexas Finance has attracted a wide range of investors, including beginners and even institutional investors. What Makes Rexas Finance Stand Out? Rexas Finance is not your average project. It leverages the trending RWA market to tap into new opportunities. Through asset tokenization, Rexas Finance can solve crucial long-standing problems like illiquidity, high transaction costs, transparency, and inaccessibility. Blockchain technology and tokenization provide solutions to these problems, which have limited access to the market. Hence, Rexas Finance creates a wealth of opportunities for investors. Real estate, commodities, and art markets are worth trillions of dollars. By tokenizing even a fraction of these assets, Rexas taps into a massive opportunity. Also, Rexas simplifies complex processes like trading and owning high-value assets, breaking them into smaller, affordable units. This user-friendly nature has helped it attract a loyal following. It has also built trust through tools like the AI Shield, which ensures secure and transparent transactions and boosts investor confidence. Regarding the project, Rexas Finance underwent a Certik Audit, ensuring its security against hacks and bolstering investors’ confidence. It’s also listed on CoinMarketCap and CoinGecko, giving investors real-time information on the project. An Outstanding Presale Performance Rexas Finance is making waves with this unique proposition, which shows in its presale. In stage eleven, the presale has witnessed strong interest from investors, selling over 386 million tokens and raising over $34 million. At presale, the token’s value is now $0.175, a 483% increase from the initial $0.03. This shows its ability to grow and attract significant upsides. However, this is only a slice of its projected growth potential. Once the RXS presale ends, the token will be launched on major cryptocurrency exchanges, making it available to a broader audience. This listing could surge demand, driving RXS’s price upward. Analysts are confident the token could cross $12, fueled by its growing ecosystem and the buzz around its innovation in the RWA space. The Roadmap To $12 Rexas Finance’s growth, growing community, and innovative technology indicate a strong performance. The project has built momentum and is awaiting a rally. After RXS launches, it’s expected to witness a massive rally, pushing its value to $12 by March. This rapid growth potential is feasible given Rexas Finance’s achievement so far. Its robust community and trajectory in the crypto space are key to its potential explosive growth. What’s Driving This Rapid Growth? Several factors hint at the possibility of such explosive growth in such a time frame. Huge Market Potential: Traditional markets like real estate and commodities are massive. By bridging the gap between the traditional market and blockchain, Rexas Finance unlocks new opportunities. Innovation and Accessibility: Tools like the QuickMint Bot make tokenization as simple as sending a message, opening doors for all kinds of users. Trust and Transparency: Blockchain ensures every transaction is secure, traceable, and fraud-proof, encouraging more participation. Strategic Launch: Listing RXS on major exchanges increases its exposure and liquidity, boosting demand. What’s Next for RXS? RXS’s next big moment is its exchange launch, which is expected to propel its value to new heights. This is one token to watch closely, as its value could exceed $12 before March. RXS sells at $0.175, a low entry price for investors with high potential returns. Thus, now is the best time to invest in RXS. Joining now also allows you to win its ongoing presale giveaway, which will reward twenty lucky winners with $50,000 worth of RXS each. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance
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Fed Vice-Chair Michael Barr Resigns Amid Accusations of Impacting Crypto Banking Services
U.S. Federal Reserve Vice-Chair for Supervision Michael Barr has announced his resignation from the position ahead of President-elect Donald Trump’s return to the White House. His departure has sparked reactions from lawmakers and crypto industry leaders, who pointed out his controversial role in shaping U.S. banking policies concerning digital assets. A Polarizing Figure in Banking and Crypto In a January 6 release , the Fed stated that Barr would leave his post at the end of February or even earlier if the new president found a suitable successor. However, it noted that the legal scholar would remain on the seven-member Federal Reserve Board of Governors. Barr has served as the Fed’s Vice Chair for Supervision since July 2022. The office was created in the aftermath of the 2008 Global Financial Crisis to offer more transparency and accountability for the U.S. central bank’s supervision and regulation of the country’s financial system. In his time, the 58-year-old has been at loggerheads with the fledgling crypto industry, especially following his push to give the Federal Reserve the power to regulate and enforce laws against digital asset issuers in the United States. Barr once stated that the monetary authority would likely deem it “unsafe and unsound” for banks to hold crypto-assets directly on their balance sheets. Many in the industry blame that perspective for limiting the ability of U.S. financial institutions to engage with the cryptocurrency sector. Recent revelations about unredacted letters acquired from the Federal Deposit Insurance Corporation (FDIC) through legal efforts by Coinbase seem to bolster these claims. The documents allegedly show a coordinated effort to slow or halt banks’ crypto-related activities, including basic Bitcoin transactions, custody services, and crypto payments. Allegations of Overreach At a November 2024 grilling before the House Financial Services Committee, Barr and his fellow regulators were criticized by Iowa Congressman Zach Nunn, who accused them of stifling virtual currency innovations. “You’ve all engaged in an anti-crypto crusade during your time here. You have helped make the United States a second-tier place for digital assets,” said Nunn. Reacting to news of Barr’s impending exit, Wyoming Senator and crypto advocate Cynthia Lummis issued a statement alleging that the Fed governor had “illegally increased his power at the cost of Wyoming’s digital asset industry,” further accusing him of failing to uphold his responsibilities as the Vice Chair of Supervision. The Yale alumnus is the latest anti-crypto official to resign from their position following Donald Trump’s crypto-fueled victory in last year’s U.S. presidential polls. Gary Gensler, head of the Securities and Exchange Commission (SEC), announced his departure on November 21, 2024, forestalling a promise by Trump to fire him on his first day in office. Similarly, Barr has cited the “risk of a dispute over the position,” ostensibly with the incoming administration, as part of his reason for leaving. The post Fed Vice-Chair Michael Barr Resigns Amid Accusations of Impacting Crypto Banking Services appeared first on CryptoPotato . coinpedia
Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit
Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam will step down on January 20, 2025, amid an unresolved lawsuit against retail betting market Kalshi, the agency announced today. Behnam’s departure comes as the commission battles Kalshi over the regulator’s ban on political betting contracts, highlighting regulatory challenges in emerging financial markets. During his tenure, Behnam established himself as a staunch advocate for cryptocurrency oversight. His most notable achievement was securing a $4.3 billion settlement with crypto exchange Binance over regulatory violations. Behnam pushed for expanded CFTC authority over digital assets, arguing for clearer regulatory frameworks in congressional testimonies. Under his leadership, the agency intensified enforcement actions against crypto firms operating outside regulatory boundaries. The White House has not yet nominated a successor. Behnam’s exit raises questions about the future direction of digital asset regulation and the commission’s stance on novel financial products. Last January, Behnam said he was worried the then-recent approval of spot market Bitcoin ( BTC ) exchange-traded funds (ETFs) would “magnify” the issues surrounding digital asset markets. According to Behnam , the goal of his enforcement actions was always to protect investors. “Without a regulatory framework, without that transparency, without those tools that we typically use as regulators, you are going to continue to see this fraud and manipulation. And putting aside the legitimacy and where this technology may go and what role it might play in our economy and commerce, the internet, digital assets generally… we just have to think about things from a regulatory and consumer protection standpoint. And I think that needs to be our guiding light in terms of driving this conversation, filling these regulatory gaps and creating this framework that’s ultimately going to protect American investors.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit appeared first on The Daily Hodl . coinpedia
