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In a recent report, the global financial institution Standard Chartered said that a spot Ethereum (ETH) ETF (Exchange Traded Fund) approval could push the asset’s price to $4000 . Reaching $4000 from current levels would translate to a growth of around 70%. According to Standard Chartered analyst Geoff Kendrick, ETH will mirror Bitcoin’s (BTC) trajectory. The US SEC’s (Securities and Exchange Commission) recent approval of 11 spot BTC ETFs was a significant milestone for the cryptocurrency industry. Many anticipate a similar ruling for Ethereum (ETH). Also Read: Ethereum: SEC May Approve ETH ETF in May, Says Bloomberg When will the SEC approve a spot Ethereum ETF? According to Standard Chartered’s report, the US SEC may approve a spot ETH ETF by May 2024. The report notes that the SEC may initially delay its decision but will eventually green-light the applications. According to Kendrick, ‘ pending applications for ETH U.S. spot ETFs to be approved ...

Bankrupt crypto exchange FTX has been given the go-ahead to sell its portfolio of pricey Bahamas real estate, including former chief Sam Bankman-Fried’s $40 million penthouse that once housed him and his inner circle. On Tuesday, a Delaware judge approved the sale of $222 million worth of upscale properties in the Bahamas bought by senior staff during FTX ’s heyday — partly with customer funds. Among them is Bankman-Fried’s infamous Orchid Penthouse, which served as FTX and Alameda Research’s headquarters. Bankman-Fried also notoriously gifted a $16 million apartment in the Bahamas to his parents as an attempt to appease his father, who was unhappy with a $200,000 salary at FTX. That property is now also cleared for sale. Photos of the Orchid Penthouse, via the Department of Justice. Read more: FTX -funded charity Effective Ventures agrees to return donations According to court filings, the proposals to sell the real estate are reasonable and ...

The Ethereum price rose more than 1% over the past 24 hours to trade at $2,333.70 as of 2:15 am EST as speculation over the approval of spot Ethereum ETF (exchange-traded fund) products grows. Standard Chartered Confident A Spot ETH ETF Will Be Approved In May Standard Chartered Bank believes the U.S. Securities and Exchange Commission (SEC) will approve spot Ethereum ETFs in May this year. “We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs,“ said Geof frey Kendrick, head of Standard Chartered Bank’s forex and digital assets research, in a Jan. 30 note. This could push the Ethereum price to as high as $4,000 if “ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval,” he said. Adding to Kendrick’s belief that spot Ethereum ETFs will be approved in May is the fact ...

Polygon is a decentralized scaling mechanism that Ethereum developers may use when creating dApps. Polygon offers a faster network and more security at a reasonable rate. The project, a 2017 initiative, has emerged as one of the most intriguing and profitable in business. MATIC was its previous name until April 2021, when it changed to Polygon. MATIC is the native token of the Polygon network. Let us take a closer look at Polygon and our price prediction for MATIC this February. Also read: Ripple: When Can XRP Hit $394 To $594 Range? What is Polygon? Polygon was founded by its team in October 2017. The team behind the project is Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The team made significant contributions to the Ethereum ecosystem before switching to its network in 2019. The group labored to put the widely-used Dagger event notification engine, the WalletConnect protocol, and the Plasma MVP on Ethereum. It is a layer 2 proof-of-stake protocol that helps in ...

The Altlayer price pumped 14% during the Monday session and is up 2% in the last 24 hours to trade for $0.4304 as of 2:50 a.m. EST time. In hindsight, two narratives drove the Altlayer price over the past few days. First, the network had an ALT airdrop, with claims open for the next one month. 📢Update: $ALT Airdrop Claims have now opened as of 9:00 AM UTC. https://t.co/LpfHsHu4Gk Those eligible for AltLayer Airdrop Season One – please visit the official airdrop website to claim your $ALT! Rest assured you will have one month to claim your $ALT tokens. https://t.co/zSYJw8gGt4 — AltLayer (@alt_layer) January 25, 2024 Another fundamental that spurred interest and a surge in the Altlayer price was the listing on Binance exchange. #Binance lists @alt_layer $ALT! Trading is now live ➡️ https://t.co/dnv1O6EX8C pic.twitter.com/wswq5TUBAB — Binance (@binance) January 25, 2024 Immediately after the two events, the Altlayer price spiked 30% and...

Polygon Labs, in collaboration with Arktouros law firm, has put forward a new regulatory framework that proposes designating certain decentralized finance (defi) protocols as critical infrastructure crucial to the national and economic security of the US. The suggestion was published on Jan. 29 by Rebecca Rettig and Katja Gilman of Polygon Labs, alongside Arktouros co-founder Michael Mosier. Their 45-page document focuses on combating illicit finance activities in the DeFi space. 1/ Today, @m_mosier_ @katjagilman & I are sharing a paper that begins a conversation around, & proposes a conceptual framework for, how to answer the "illicit finance" policy question as it relates to DeFi. A brief thread below, with links to the full paper + a summary document. pic.twitter.com/1OQ1gCHiAX — Rebecca Rettig (@RebeccaRettig1) January 29, 2024 The proposal recommends that genuinely decentralized DeFi protocols should be overseen by the US Treasury’s Office...

The Bitcoin price dropped more than 1% over the past 24 hours to trade at $41,965.66 as of 8:50 a.m. EST. 10x Research Says BTC Above $43K Is A Long Entry 10x Research founder Markus Thielen, who correctly predicted Bitcoin’s recent drop to $38,000, says levels above $43,000 are appropriate for taking fresh bullish bets on the market leader. “With reversal indicators suggesting that a tradeable low is in, we should focus on longs,” he said in a note to clients on Jan. 29. “From a risk management perspective, we should re-engage in long positions once Bitcoin breaks above $43,000.”  But crypto whales are not waiting for BTC to break $43,000. Data from the on-chain analytics firm IntoTheBlock shows that the amount of Bitcoin held in wallets owning more than 1,000 BTC has increased by roughly 76,000 BTC in January, or $3 billion, and has pushed the total BTC owned by these wallets to 7.8 million BTC. The Bitcoin Price Is Attempting To Break Resista...

After Donald Trump, U.S. presidential candidate Robert F. Kennedy Jr has expressed his firm stance against CBDCs. Robert F. Kennedy Jr., a prominent figure in the U.S. presidential race, has expressed strong opposition to the development of a central bank digital currency (CBDC) in the US. In a one-minute video posted on X, Kennedy, following his discussion with Dr. Joseph Mercola, emphasized the risks associated with a CBDC. Dr. Joseph @Mercola and I discuss financial freedom in the 21st century. As president, I will end the efforts to move toward a CBDC. #Kennedy24 pic.twitter.com/gao3D1HAeM — Robert F. Kennedy Jr (@RobertKennedyJr) January 24, 2024 He claimed that such a currency would enable the government to monitor every transaction a citizen makes, leading to potential blackmail or pressure. Kennedy explicitly described a CBDC as “a calamity for human rights and for civil rights.” He specifically highlighted the example of China, where the local CBDC, t...

Over $215.03 million tokens are set to enter the crypto market next week. DYDX will distribute $92 million to investors, founders, employees, and advisors. Other projects to unlock multi-million dollars include OP, NYM, SUI, ACA, EUL, and TORN. Token Unlock, a premier tracker of locked tokens, has unveiled the specifics of forthcoming unlocks across several crypto projects slated for January 29 and February 4. This disclosure sheds light on the significant value of tokens, totaling over $215.03 million, poised to enter the crypto market within the next seven days. At the forefront is the token of the renowned decentralized exchange, dYdX (DYDX). According to market data, the dYdX team is set to release 33.3 million DYDX tokens on February 1. This figure amounts to a market value of $92.67 million at press time, considering DYDX’s value. Significantly, these 33.3 million tokens constitute 10.63% of its circulating supply. Additionally, Token Unlock furnished a d...

Magic Eden is gearing up for the launch of its multi-chain wallet launch, designed to address the fragmentation in the non-fungible token (NFT) and crypto markets. The goal is to provide a more seamless experience for users across different blockchain networks. Magic Eden cross-chain interactions In a recent post on the X platform, Magic Eden, an NFT marketplace, shared a teaser video with an accompanying text suggesting the launch of its multi-chain wallet on Jan. 29th. In November 2023, Magic Eden announced the release of a multi-chain compatible crypto wallet browser extension, intending to simplify user interactions across various blockchains. As stated by CEO and co-founder Jack Lu, this initiative aims to foster a multi-chain environment for NFTs, tackling the existing fragmentation and complexity in handling digital assets across diverse blockchains. The launch of this wallet goes beyond the convenience of managing multiple assets in one interface. It presents the poten...

Shiba Inu (SHIB) has been in a market-wide storm brewing over the last few weeks. The popular memecoin is down 7% in the weekly charts, over 19% since the previous month, and over 21% since January 2023. The asset struggled even when other cryptocurrencies, such as Solana (SOL) and Bitcoin (BTC), rallied in the latter part of last year. Source: CoinGecko Also Read: Shiba Inu: See What 10M, 100M SHIB Could Earn at $0.0009 or $0.009 Prices However, Shiba Inu (SHIB) fans and investors are battling their way through the storm and are on their way to deleting a few more zeros from SHIB’s price. The popular memecoin has been on a downtrend for the most part after hitting its all-time high of $0.00008616 in October 2021, over two years ago. ChatGPT predicts when Shiba Inu (SHIB) could reach $0.0003 Source – CoinCodex Reaching $0.0003 from current levels translates to a growth of over 3,300%. According to ChatGPT, SHIB could hit its target in the next two years. The AI ...

The BRICS alliance invited six new countries to join the bloc after the 15th summit in Johannesburg last year. Out of the six countries, the UAE, Egypt, Iran, and Ethiopia accepted the invitation and are now part of BRICS. However, Argentina was the first country to decline BRICS membership and Saudi Arabia is yet to confirm its position. Experts suggest that BRICS played a power play move by inducting Ethiopia, which is a growing economy in Africa. Also Read: BRICS : China Stockpiling 1.39 Million Barrels of Oil Every Day The World Bank has turned a blind eye to Africa which could make them cut ties with the US dollar. BRICS inducting Ethiopia, could be more of a power game to capture the anti-US dollar sentiments in Africa. BRICS: Africa Sits On The Sidelines of Ditching the US Dollar For Global Trade Source: AFP Geopolitical experts told Jeune Afrique Magazine that the World Bank failed to provide adequate financial assistance and attention to Africa . The World Bank...

Altcoin Daily shares insights on the growth of the Solana ecosystem. Solana boasts a wide range of NFT projects, NFT marketplaces, gaming applications, and stablecoins. Solana reportedly witnessed an increase in developer retention from 30% to more than 50%. Crypto influencer Altcoin Daily shared their thoughts on the growth of the Solana ecosystem in a post on X on January 15. Solana $SOL ecosystem is growing! pic.twitter.com/1xvc6TfDpO — Altcoin Daily (@AltcoinDailyio) January 15, 2024 At the onset of 2024, Solana boasts a plethora of NFT projects and infrastructure, memecoins, and Web3 gaming applications. In addition, Solana’s DeFi space and infrastructure have benefited from enhancements, contributing to the overall growth of the ecosystem. Recently, Solana published a review of its ecosystem’s health entitled “The 2023 State of the Solana Developer Ecosystem”. The review asserts that the layer 1 blockchain’s developer ecosystem gai...

The latest study by Bitget found that one-third of cryptocurrency job seekers previously held positions in the traditional banking and finance industries.  The study reveals that 33% of individuals applying for roles within the cryptocurrency exchange were formerly part of the banking sector. Applicants are primarily interested in positions such as KYC Manager, Compliance Associate, Senior Compliance Associate, and AML Analyst. The past few years have seen a considerable shift , with an influx of banking professionals transitioning to cryptocurrency. Specifically, there was a 113% increase in 2022 and a 143% increase in 2023 in the number of job applications from individuals with a banking background. The trend aligns with the growing integration of blockchain technology in mainstream financial institutions. Prominent players in the banking industry, including HSBC, JPMorgan Chase, and Citi Group, have been actively exploring and adopting decentralized technologies. The impact o...

Ex-Orbit Bridge employee suspected of facilitating $80 million attack , the investigation shows. The South Korean company Ozys, behind developing the cross-chain bridge Orbit Bridge, has accused its former employee of facilitating a recent attack on the protocol. According to the blog, based on the preliminary investigation, the CISO weakened the internal firewall settings on Nov. 22, 2023. Two days earlier, this employee submitted a resignation letter of his own free will. On Dec. 6, 2023, he left his position but should have warned the company about changes made to security settings. Ozys did not disclose the name of the former employee . According to local media reports, the company contacted the police with a request to verify this information and also filed a claim for damages against the ex-colleague. “The police are expected first to investigate whether Mr. A allowed unidentified hacking forces to infiltrate by arbitrarily changing the security policy and the poss...

Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times. In an attempt to participate in the meme coin frenzy, many users have shown interest in joining this growing trend. Dogecoin played a pivotal role in initiating the meme coin craze and subsequently inspired the development of various coins that aim to emulate its success. With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go in January. With the whole market trading in red, here is our price prediction for February 2024. Also read: Solana (SOL) Price Prediction: January End 2024 Dogecoin Price Prediction February Various factors, such as market conditions, price action, developments, supply, and use cases, will determine...

Bitcoin’s recent dip below $40,000 triggered $83 million in liquidations. Cardano (ADA) stands resilient, leading in development and boasting a diverse ecosystem. Optimism (OP) gains momentum with the rising adoption of L2 solutions. The cryptocurrency market is navigating turbulent waters as Bitcoin’s recent price decline triggered nearly $83 million in liquidations . The impact of this downturn is reverberating across the crypto space, presenting challenges but also opportunities for certain altcoins . However, amid this chaos, altcoins like Cardano (ADA), Optimism (OP), and the new Memeinator (MMTR) meme coin are positioned for growth. Bitcoin price decline sparks $83M liquidations The crypto market witnessed a significant setback as Bitcoin’s price nosedived to $38,555 on Tuesday, triggering a cascade of liquidations totalling $83 million in the futures market. Analysts attribute this sharp decline to several factors, includin...

Canada’s prime minister Justin Trudeau has infringed the country’s charter of rights and freedoms, a judge ruled, when he invoked the Emergencies Act to halt truck drivers’ Covid-19 protests and bitcoin crowdfunding back in 2022. A public inquiry in February deemed the government acted appropriately when the Act was invoked. However, pressure from the Canadian Civil Liberties Association and the Canadian Constitution Foundation led to a judicial review. On Tuesday, a federal court found that Trudeau and his cabinet was not justified in its response. In February 2022, thousands protested mandates that required truck drivers crossing the Canada-US border to be fully vaccinated against Covid-19. Truckers set up blockades on key roads and brought Ottawa to a stand-still, provoking the mayor to declare a state of emergency. Prime minister Trudeau then invoked the 1988 Emergencies Act to ban gatherings and halt crowdfunding efforts. The Canadian truck ers had garnered ma...