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Senator Lummis Calls Biden 'Legitimate' US President

Lummis was one of just eight Senate Republicans to vote against certifying Presidet Biden's electoral victory on Jan. 6.

Updated Sep 14, 2021, 12:21 p.m. Published Mar 4, 2021, 6:17 p.m.
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Freshman U.S. Senator Cynthia Lummis (R-Wyo.) called President Joe Biden the "legitimate U.S. president" on CoinDesk TV's "First Mover" program Thursday morning.

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  • While Lummis acknowledged Biden's electoral college victory in December, Thursday's statement seems to be her most forceful acknowledgement that he is the legitimate U.S. president.
  • Lummis was among the eight Senate Republicans who voted on Jan. 6 to overturn President Biden's election victory.
  • At the time, she framed her dissent as taking a stance against alleged irregularities in Pennsylvania's election administration.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin and the Japanese yen are moving together like never before

(Manfred Richter/Pixabay)

The 90-day correlation between bitcoin and JPY has risen to a record high of over 0.85.

What to know:

  • Bitcoin's correlation with the Japanese yen has reached a record high.
  • Both BTC and the yen took a beating in final months of 2025, with sell-offs in both running out of steam after mid-December.
  • The tight correlation weakens BTC's appeal as portfolio diversifier.