News – Page 21

Ethereum Price Analysis: What’s Ahead for ETH After a 9% Weekly Dip?

Einstein: ETH is trapped between the 100-day MA ($3.1K) and the $3.5K resistance level. A decisive move in either direction will likely determine the mid-term trend. The Funding Rates metric offers valuable insights into the sentiment within the perpetual futures markets, helping to gauge the likelihood of a recovery. ETH broke down from an ascending wedge on the 4-hour timeframe, indicating the dominance of sellers. The price is expected to rebound if buying interest emerges.

Source: CryptoVizArt, 2025-01-15; https://cryptopotato.com/ethereum-price-analysis-whats-ahead-for-eth-after-a-9-weekly-dip/

First Public Case: Russian Jailed for Crypto Support to Ukrainian Armed Forces

A Russian national has been handed a prison sentence for utilizing cryptocurrency to aid the Ukrainian Armed Forces financially. The individual, an employee of a diamond mining company, was found guilty of transferring funds to Ukrainian forces via cryptocurrency. The financial assistance was directed toward a unit of the Armed Forces of Ukraine (AFU), aiding their reconnaissance and subversive activities against Russian security interests. The investigation revealed that the offender joined a terrorist organization group on a social network, where he received detailed instructions from Ukrainian curators on how to transfer the funds to a designated cryptocurr.

Source: Chayanika Deka, 2025-01-20; https://cryptopotato.com/first-public-case-russian-jailed-for-crypto-support-to-ukrainian-armed-forces/

Shiba Inu’s Shibarium Blasts Through Another Huge Milestone

Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football and he is a keen fan of the Premier League and the Champions League. For more information, visit www.dailymailonline.co.uk and follow us on Twitter @dailymailuk and @daily_cnn.

Source: Dimitar Dzhondzhorov, 2025-01-18; https://cryptopotato.com/shiba-inus-shibarium-blasts-through-another-huge-milestone/

Bitcoin Price Analysis: BTC Risks Dropping to $80K If This Support Fails

Bitcoin’s price is currently losing a key level, which could lead to a deeper correction in the coming weeks. On the daily timeframe, the asset has been rejected from the $100K resistance level twice in the last couple of months. This failure to continue higher has led to a drop toward the $92K support zone, which is now getting broken to the downside. The RSI also shows values below 50%, further increasing the likelihood of a deeper Correction in the short term.

Source: CryptoVizArt, 2025-01-15; https://cryptopotato.com/bitcoin-price-analysis-btc-risks-dropping-to-80k-if-this-support-fails/

Why is the XRP Price Down Today? (Ripple Price Analysis)

Ripple is navigating a pivotal range between $1.8 and $3, with recent price action highlighting the likelihood of a consolidation phase. A breakout from this range will likely determine its next significant trend. During the 4-hour timeframe, XRP consolidates within a descending wedge pattern, which often signals a potential bullish breakout if breached upward. While this could lead to a sustained uptrend, an unexpected bearish breakdown might trigger a significant liquidation event, causing the price to plummet toward lower levels.

Source: CryptoVizArt, 2024-12-24; https://cryptopotato.com/why-is-the-xrp-price-down-today-ripple-price-analysis/

Bitcoin’s Wild Ride: From $108K to $92K (Market Update)

The total capitalization dropped by more than $300 billion as Bitcoin’s price went on a complete rollercoaster. The first few days of the week started as we are more or less used to by know – up only. The market was anticipating the results of the meeting of the US Federal Result. During the meeting, the Chairman Jerome Powell said that they might consider a slowdown of rate cuts, given that the inflation in the country is rising. This propelled a market-wide sell-off across the crypto industry but also across tradfi as well.

Source: Jordan Lyanchev, 2024-12-23; https://cryptopotato.com/bitcoins-wild-ride-from-108k-to-92k-market-update/

Metaplanet Accelerates Bitcoin Acquisition With New $31M Bond Issuance

Metaplanet Inc. plans to issue ¥5.0 billion ($31.9 million) in ordinary bonds to accelerate its Bitcoin buys. The offering will carry no interest and be redeemed at face value, with each bond worth 100 yen per 100 yen principal amount. The scheduled issuance date is December 20, 2024, with the maturity date set for June 16, 2025. The entire security will be allocated to EVO FUND, a private investment entity, and will be subject to redemption provisions.

Source: Wayne Jones, 2024-12-23; https://cryptopotato.com/metaplanet-accelerates-bitcoin-acquisition-with-new-31m-bond-issuance/

Chainlink Unveils MEV Recapture Solution For DeFi, LINK Jumps 9%

On Dec. 23, Chainlink announced a novel oracle solution designed to enable DeFi applications to “recapture non-toxic Maximal Extractable Value (MEV)” Currently, when DeFi protocols use price oracles, such as during liquidations, value is captured by third parties, including searchers and validators. None of this value returns to the protocols or oracles that created these opportunities, however. The solution is SVR, which allows lending protocol apps to recapture some of the value from liquidations.

Source: Martin Young, 2024-12-25; https://cryptopotato.com/chainlink-unveils-mev-recapture-solution-for-defi-link-jumps-9/

Elon Musk: ‘Shocked’ If Biden Doesn’t Pardon SBF Amid Rising Rumors

Sam Bankman-Fried is serving a 25-year sentence for his role in the collapse of FTX. Speculation of a presidential pardon has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced former FTX CEO. The former CEO is one of the largest donors to the Democratic Party, which has led many to wonder whether his political influence could play a role in securing a pardon.

Source: Chayanika Deka, 2024-12-24; https://cryptopotato.com/elon-musk-shocked-if-biden-doesnt-pardon-sbf-amid-rising-rumors/

BlackRock’s IBIT Nearly Doubles Gold ETF’s 20-Year AUM Milestone in Less Than 12 Months

BlackRock’s iShares Bitcoin Trust (IBIT) reached $58.57 billion in assets under management (AUM) in less than a year. This is nearly double the figure that the BlackRock iShares Gold Trust (IAU) took 20 years to attain. Earlier this month, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, tweeted that IBIT reached $33 billion in AUM in 2024 after 20 years of trading. The BlackRock Bitcoin Trust was launched in January 2024.

Source: Mandy Williams, 2024-12-20; https://cryptopotato.com/blackrocks-ibit-nearly-doubles-gold-etfs-20-year-aum-milestone-in-less-than-12-months/

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