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 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | |  | BITCOIN'S DOMINANCE | | |
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Data as of: 31 Jan 2024 10 AM UTC |
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 | TOP GAINERS | 24H% | | | | | | | | |
|  | TOP LOSERS | 24H% | | | | | | | | |
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The crypto crystal balls are out in full force lately! Over the past week, we've seen expert prediction after expert prediction about where Bitcoin's price could be headed after the upcoming halving event. Multiple big-name analysts have gazed into their charts and predicted BTC reaching over $170k within 18 months post-halving. And the fortune-telling doesn't stop there! Now a major global financial institution has stepped forward with a bold Ethereum prediction. They believe factors are aligning perfectly for ETH to hit new highs. Yes, you read that right - these analysts have actually circled a date on their calendar for when they expect regulatory approval to set off an Ethereum price explosion! We'll dive more into that Ethereum prediction later. First, let's run through the top crypto news stories of the day: |
• Standard Chartered makes bold prediction of Ethereum hitting new highs soon! 🥹 • Vitalik discusses how AI could integrate with crypto 🕹️ • Signs point to Solana going bullish 🔥 • Spanish Embassy's Twitter caught awkwardly hunting for crypto airdrops 👀 • Another DeFi protocol falls victim to an exploit and millions drained 💸 • New Visa and Transak integration allows direct crypto withdrawals to bank accounts 🏦 | Now, let's dive deeper into each of those stories... |
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Let's Take Ethereum to $4K Again! 🥹 |
A global financial institution believes Ethereum is gearing up for a hot date with destiny this May. In a new report, Standard Chartered analysts projected US regulators to finally approve spot Ethereum ETFs by May 23rd, echoing the same prediction by Bloomberg analysts. Pending fund approvals from ETF heavyweights like BlackRock could quickly pave the way for institutional investment sending ETH prices to new highs, per researchers. In fact, Standard Chartered estimates spot Ether funds could ignite an Ethereum price explosion towards $4,000 based on exponential exposure and capital flooding in. But why do they believe the SEC will approve ETH ETF? What do they know that we don't? And what will BTC's price be if ETH actually hits $4K? Read the full story! |
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Vitalik Talks About Using AI in Crypto |
Ethereum founder Vitalik Buterin recently discussed how AI could integrate with cryptocurrencies in an interesting blog post. He compared AI's role to that of a video game player. Buterin highlighted examples like trading bots earning money through arbitration on decentralized exchanges. These show AI already acting as a participant on blockchains. But he sees broader potential applications too. These include AI improving prediction markets and even serving as user-friendly guides to the complex crypto world. But how can AI help the prediction markets? Read the full story! |
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Solana Is Going Bullish 🔥 |
After a quiet start to the year, the Solana network is suddenly buzzing with renewed activity hinting at growing enthusiasm around the ecosystem. Multiple metrics from on-chain transactions to new wallet growth to trading volumes paint a picture of traders piling back into SOL tokens with bullish conviction. Driving speculation is the imminent launch of a hotly anticipated token from a top Solana decentralized exchange. The hype amplifier couldn't come at a better time. What else is making the Solana ecosystem bullish? How long is it gonna last? Read the full story! |
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Week in DeFi: Reaching for the Celestia |
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| More layer-2s are adopting Celestia's Data Availability layer, reducing gas fees by up to 10X. Meanwhile, more protocols are launching points reward programs, from Drift Protocol to Rabby. |
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Spanish Embassy Is Hunting Crypto Airdrops |
Over two days, the official Twitter account of the Spanish Embassy in Bosnia & Herzegovina fired off multiple crypto-related tweets directed at various crypto projects. "Wen can I claim rewards?" the account asked a meme token community, appearing to inquire about an upcoming cryptocurrency promotion giveaway. It also prodded other crypto startups similarly before deleting the evidence. The odd behavior from the verified diplomatic account stirred speculation of a possible hacking. Wanna see what other awkward tweets were posted from this account? Read the full story! |
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Another Day, Another DeFi Exploit… 😒 |
A popular DeFi lending platform fell victim to a significant exploit this week, resulting in millions drained and temporary stablecoin de-pegging. While specifics around the attack remain undisclosed, researchers tied the breach to a technical vulnerability that allowed the hacker to trick smart contracts into releasing funds. Over $6.4 million worth of crypto assets were withdrawn, according to blockchain analysis firms. The episode also caused the protocol's stablecoin to lose its $1 peg. Which platform is this? And did the team announce any recovery plan? Read the full story! | |
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But wait, what's a peg? [Time for some blockchain education!] |
So the word of the day is "fiat-pegged crypto"! A fiat-pegged cryptocurrency is a digital currency that is pegged to the value of a fiat currency like the U.S. dollar or euro. This means that one unit of the crypto is worth the same amount as one unit of the fiat it's pegged to. Fiat-pegged cryptos are designed to be stable in value since their value is directly tied to assets outside of the crypto market rather than based on supply and demand within the crypto market. Their stability makes them useful for commerce and payments. How do they maintain this peg? And if they are designed to be stable, what makes them lose their peg? Read more! Now back to our daily stories! |
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Withdraw Crypto Directly Into Your Bank Account! |
Global payments leader Visa is joining forces with web3 infrastructure company Transak. This integration will allow crypto users to withdraw funds and make payments. Specifically, it enables directly converting crypto to Fiat. Users can withdraw from wallets such as MetaMask to Visa debit cards. This removes the need for centralized exchanges. Citizens of which countries can take advantage of this facility? And will this feature facilitate all cryptocurrencies? Read the full story! |
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| And that's a wrap! We will be back tomorrow with more crypto stories to keep you informed! |
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