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Anthony Pompliano, a prominent Bitcoin advocate and investor, has proposed three strategic measures for President-elect Donald Trump to accelerate Bitcoin adoption in the United States. In a video, Pompliano outlined actionable steps to position Trump as a leader in the digital currency revolution.

Anthony Pompliano Proposes Repealing SAB 12

In a recent video on X, Anthony Pompliano’s first recommendation was to repeal Staff Accounting Bulletin No. 121 (SAB 121). This regulation currently limits banks from holding digital assets, requiring them to classify these holdings as liabilities. Pompliano argues that removing this barrier would allow banks to hold Bitcoin on behalf of their customers. This would foster institutional demand for cryptocurrency.

According to Anthony Pompliano, enabling financial institutions to incorporate Bitcoin into their balance sheets could create a more robust ecosystem for the digital asset. This change could also provide U.S. banks with a competitive edge in the growing global cryptocurrency market.

It is important to note that Bitwise Chief Investment Officer also shared insights on trends in corporate BTC adoption under Trump’s pro-crypto policies. He emphasized MicroStrategy’s aggressive Bitcoin strategy, new FASB rules enabling firms to record price gains, 

Creating a Strategic Bitcoin Reserve for National Growth

Another action proposed by Anthony Pompliano was to establish a national Bitcoin reserve. He highlighted that the U.S. government already possesses approximately 200,000 Bitcoin, which could serve as a foundation for building such a reserve.

Anthony Pompliano suggested that increasing the government’s Bitcoin holdings, rather than liquidating them, would be a prudent move. He emphasized that Bitcoin’s growing utility as a store of value and hedge against inflation could benefit the economy in the long term. 

The Bitcoin advocate added, 

“If Bitcoin is good for individuals or corporations, it’s going to be good for the country, too.”

The growing Bitcoin prices and adoption have led to major corporate moves and acceptance. In a recent report, Genius Group approved a $33M rights offering to expand its Bitcoin Treasury to $86M. The offering allows shareholders to purchase shares at $0.50, with CEO Roger Hamilton planning to increase his stake by 10.3%.

Tax Code Reforms Under Donald Trump

Pompliano also urged Donald Trump to introduce tax reforms that would change how Bitcoin is treated under existing laws. Currently, Bitcoin is classified as property, meaning transactions involving the cryptocurrency are subject to capital gains tax.

This classification creates complexities for consumers and businesses seeking to use Bitcoin for everyday transactions. Pompliano proposed adjustments to the tax code to eliminate these barriers. 

Moreover, Anthony Pompliano concluded his recommendations stressing that these measures will propel the United States to the forefront of the digital currency revolution. 

Meanwhile, other countries like El Salvador have already integrated Bitcoin into their national strategies. This has inspired jurisdictions like Bhutan’s Gelephu Mindfulness City (GMC). GMC plans to hold Bitcoin, Ethereum, and BNB in its strategic reserves, focusing on digital assets with large market capitalizations and liquidity. 

The post Anthony Pompliano Shares 3 Key Actions For Trump To Boost Bitcoin Growth appeared first on CoinGape.

The US Securities and Exchange Commission (SEC) has delayed its decision on whether or not it will approve the Bitwise 10 Crypto Index Fund. This decision comes just 6 days before Gary Gensler, the commission’s chairman, leaves the agency. Per the filing from the commission, this delay is not a denial as it requires more time to consider the application.

The US SEC Notification

According to thenotice shared by the market regulator, it chose to delay the approval or denial of this filing considering the key factors it has to consider. From the time the asset manager filed the Bitwise 10 Crypto Index Fund, the US SEC had an obligation by law to give its consideration within 45 days.

The markets regulator filed the decision to delay this proposed rule change three days before the January 17 deadline. Following this delay, the US SEC said it has now fixed March 3, 2025, as the next tentative date to give its decision on the filing.

“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC statement reads, adding that it is designating “March 3, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.”

Bitwise 10 Crypto Index ETF Approval is Possible

It is worth noting that the asset manager applied to list the Bitwise 10 Crypto Index Fund in late November. After successfully operating a spot Bitcoin and Ethereum ETFs in the US, the asset manager chose to expand its supported crypto assets.

Bitwise designed the 10 crypto index ETF to provide exposure to the biggest digital currencies by market capitalization. These assets include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and Uniswap (UNI).

While uncertainty clouded approval prospects under outgoing Chairman Gary Gensler, there is reason to remain optimistic now. President-elect Donald Trump nominated Paul Atkins, a crypto-industry-backed candidate, to replace Gensler. 

With Atkins calling the shots, many industry proponents believe other crypto ETF products are possible.

Other Crypto ETFs To Watch

Besides the Bitwise 10 Crypto Index ETF, other crypto ETF products like Solana and XRP ETF are also awaiting feedback from the US SEC. Judging by the emergence of Donald Trump, industry optimists believe other crypto ETF products might also be filed soon.

In addition to the Solana and XRP funds, asset manager Canary Capital has also pushed for Litecoin and Hedera ETFs.

The post Breaking: US SEC Delays Decision on Bitwise 10 Crypto Index Fund appeared first on CoinGape.

Ripple CEO Brad Garlinghouse has criticized outgoing SEC Chair Gary Gensler for continuing a “regulation-by-enforcement” strategy during his tenure. Garlinghouse’s comments come amid ongoing legal disputes between Ripple and the SEC, as the agency prepares to file its opening brief in its appeal of Ripple’s recent legal victory on January 15.

Ripple CEO Brad Garlinghouse Attacks Gary Gensler

On X (previously Twitter), Ripple CEO Brad Garlinghouse has accused Gary Gensler of ignoring the 2024 election and the people’s concerns. “Gensler, very much on brand,” Garlinghouse wrote, “completely commits to his failed regulation-by-enforcement agenda to the bitter, bitter end.” This criticism comes in light of Ripple’s legal team seeking to file a motion for the SEC to extend the January 15th due date for the opening brief.

Nevertheless, the SEC did not allow the request, and this elicited bitter remarks from the Ripple officials. Stuart Alderoty, Ripple’s Chief Legal Officer, described the agency’s decision as “a waste of time and taxpayer dollars.”

Alderoty also talked positively regarding the legal standing of Ripple in the ongoing case at the appellate level. He continued, “We eagerly anticipate engaging with new SEC leadership to address this issue,” given that Gary Gensler is set to leave the SEC chairmanship on January 20.

The legal dispute was born from the SEC’s lawsuit filed in December 2020, which accused Ripple of offering XRP as an unregistered security. However, in a 2023 ruling, the court ruled in favor of Ripple, stating that the XRP sales to retail investors were not securities, but the SEC has pursued an appeal of the decision.

Gary Gensler Reflects on Crypto Policy Ahead of Departure

Ahead of his exit from the commission, SEC Chair Gary Gensler has come out to explain his stance on regulating the cryptocurrency market in an interview with CNBC. Gensler argued that Bitcoin is not a security, comparing it to gold as a commodity that has demand across the globe. ”Bitcoin is a highly speculative, volatile asset,” Gensler said, comparing it to other assets in which people have been investing for ages, such as gold.

Nonetheless, Gensler reaffirmed his position that all tokens apart from Bitcoin are likely to be considered as securities regulated by the existing US legislation. He stated that the industry has not complied with the anti-money laundering, sanctions, and securities regulations in most cases.

Gensler has been under fire for what the SEC has done through enforcement actions rather than through rulemakings, a view that Ripple and other industry participants have also expressed. Coinciding with this move, a transaction of 100 million XRP or over $265 million was moved between two unknown wallets as regulators are expected to clear the air soon. Furthermore, experts are currently forecasting a possible upward movement in XRP price with some even anticipating the coin to hit $8 soon.

Ripple vs. SEC: What’s Next?

The SEC’s appeal comes after a significant legal setback, with courts recently criticizing the agency’s enforcement practices. A ruling from the Third Circuit Court of Appeals labeled the SEC’s actions in a separate case against Coinbase as “arbitrary” and “capricious.” The court called for greater transparency and clarity in the SEC’s decision-making processes.

As Gensler steps down on January 20, industry stakeholders anticipate changes under new SEC leadership. Ripple CEO Brad Garlinghouse has expressed optimism about resolving the legal dispute with the incoming administration. Meanwhile, speculation continues around potential regulatory reforms, including clearer guidelines for digital asset classification.

Moreover, JPMorgan analysts have also noted increased optimism in the crypto sector, pointing to the potential for new exchange-traded funds (ETFs) focused on assets like XRP and Solana (SOL).

The post Ripple CEO Calls Out Gary Gensler Ahead of US SEC Opening Brief appeared first on CoinGape.

Deribit, renowned as one of the largest exchanges to trade options in the crypto industry, is attracting interest from investors. According to a Bloomberg report citing anonymous sources, the trading platform has already named a financial adviser to help pick the best deal. While Deribit has been in the market for an M&A prospect, it has not officially confirmed it is up for sale. 

The Deribit Attractiveness as an Exchange

Per the Bloomberg Report, the crypto exchange is working with Financial Technology Partners LLC to negotiate the deal. Initially, the trading firm onboarded Financial Technology Partners to advise in its secondary stock sale proposal for current investors. Per the sources, the adviser’s role has expanded to include the whole firm.

Concerning the demand for anonymity, the sources have not disclosed the potential firms that have tendered an offer yet. However, Kraken Exchange once showed interest in the platform, though it did not materialize. 

The Bloomberg report noted that Deribit has an estimated $4 to $5 billion valuation. This is a fair valuation for an exchange that controls about $1.2 trillion in options, futures, and spot trading volume in 2024.

Deribit is an exchange with a diverse client base and enthusiastic community. The firm’s certified investors or corporate traders are managed by its Deribit FZE in Dubai. Meanwhile, retail investors can access the exchange’s outfit in Panama. Overall, the Deribit parent company is registered in the Netherlands.

Crypto Mergers and Acquisitions

Given the incoming Donald Trump administration, the prospects of regulatory clarity in the United States have fueled optimism for M&A activities. Complemented by the Markets In Crypto Assets (MiCA) regulation, the ecosystem now has clarity in compliance demands.

According to data from Architect Partners, M&A engagements crossed the $1.2 billion valuation. This figure outshines the $400 million recorded in the same period in 2023. The optimism in the market also sparked Moonpay and Helio acquisition talks in December 2024.

The Moonpay deal finally closed this week for $175 million. Besides Moonpay, Chainalysis also acquired security startup Alterya to bolster its foothold in the blockchain intelligence world.

Expectation From Donald Trump

Crypto investors expect a major turnaround in the United States digital assets ecosystem per policy considerations. With the President-elect’s pro-crypto stance, he has appointed a Crypto Czar, David Sacks, to help shape policy in the industry.

Some of the President’s nominations to key positions are also pro-crypto, hinting that his second term in office may not be business as usual. In an unusual move, David Sacks is set to host the first Crypto Ball in the White House.

The post Crypto Options Exchange Deribit Attracting Takeover Interest: Report appeared first on CoinGape.

The crypto tokens market is experiencing a rebound as investors anticipate a possible surge. President-elect Donald Trump’s swift actions in naming key Cabinet members have sparked optimism ahead of his inauguration on January 20. These developments are fueling speculation that certain crypto tokens could rally by up to 100% in the coming days.

Crypto Tokens: Hedera (HBAR)

Hedera (HBAR) is a widely used, sustainable public network that empowers businesses and individuals to build decentralized applications (DApps). Following a market recovery, HBAR price recorded a 7% daily increase, currently at $0.2871, marking significant momentum. 

Over the past year, the token has surged by more than 260%, solidifying its position among crypto tokens with promising potential. Analysts predict HBAR could rally further, reaching $0.50 in the short term, driven by bullish market sentiment. 

With rising interest ahead of key political events like Trump’s cabinet selection, HBAR might continue its upward trajectory if favorable conditions persist.

Reserve Rights (RSR)

Reserve Rights (RSR) has recorded a stunning price of $0.0129, marking a 388.07% increase year-to-date. Its market cap stands at $694.46M, with a 6.40% daily rise and 53.83B tokens in circulation. Tracking the current market insights, the 24-hour trading volume reached $55.26M, while the FDV recorded $1.29B. 

Market data pointing to the yearly chart reveals significant spikes, peaking at $0.025 before stabilizing near $0.013. With limited token supply and strong market activity, RSR remains among crypto tokens poised for potential growth, especially as key political events approach.

When coupled with the support of the coming pro-crypto president, Trump, RSR is expected to reach new levels, recording prices that will lead it past an all-time high of $0.02669.

CoW Protocol (COW)

CoW Protocol (COW) Futures Open Interest (USD) has registered varied market movements, with great rebounds at its lowest levels. According to Coinglass data, Open interest peaked around mid-December, surpassing $80M. 

Price movements showed correlation, with notable increases during December’s spikes, reaching over $1.00 per token. After December, both open interest and prices saw a slight dip, stabilizing below $20M and $0.60, respectively.

With such a price rebound, observations point that COW is on the verge of a rally, heading to 100% gains together with other crypto tokens before President-elect Donald Trump takes over the White House.

Aave (AAVE)

Aave has exhibited a clear ABC correction on the 8-hour chart, with five distinct waves forming within the C wave. These technical movements suggest a structured market behavior, indicating potential momentum shifts. An 8-hour bullish divergence appears to be developing, supported by consistent upward patterns observed across key indicators. At the time of writing, the AAVE price is trading at $294, with a 10% surge over the past 24 hours.

This divergence suggests that Aave’s market position will strengthen if current trends persist, as Trump is expected to take over the office. The structured wave formation and divergence align with a T1 setup, emphasizing Aave’s well-defined technical outlook, making the crypto token expected to get great gains up to 100% from its current levels.

SushiSwap (SUSHI)

SushiSwap (SUSHI) is trading at $1.44, marking a 10.1% increase in the last 24 hours. The token’s market cap of $277 million positions the digital asset among the top contenders in the market, as its fully diluted value amounts to $402.62 million. The trading volume over 24 hours reached $84.12 million. 

Market analysts have noted that SushiSwap has completed a double bottom formation on the monthly timeframe and is currently testing its neckline. Based on the analyst observations, key price targets include $3.925 for the first target, $8.695 for the second, and $13.790 for the third, with more great cast values.

Conclusion. The crypto tokens market appears primed for a potential rally as President-elect Trump’s Cabinet announcements fuel speculation. Investors are eyeing these tokens for growth opportunities, with the potential for substantial gains by January 20.

The post 5 Crypto Tokens That Could Rally 100% Ahead of Trump’s Cabinet Selection appeared first on CoinGape.

Bitwise Chief Investment Officer Matt Hougan has outlined some of the factors that are behind the current rush of corporations into Bitcoin. According to Hougan, MicroStrategy is not alone in treating Bitcoin as a reserve asset; this trend is set to expand rapidly. The Bitwise CIO believes that hundreds of organizations will incorporate BTC into their corporate assets in the next few months.

Bitwise CIO Reveals Key Trends Driving Bitcoin Corporate Treasury Boom

In a recent report, Bitwise CIO Matt Hougan pointed to MicroStrategy’s increasing Bitcoin position as a key driver in the corporate adoption narrative. The firm holds 450,000 BTC currently which is worth over $43 billion, more than the entire Bitcoin mined in 2024. MicroStrategy also wants to buy more bitcoin for $42 billion, which would equal the new supply for almost three years.

Hougan noted that MicroStrategy’s aggressive Bitcoin acquisition strategy has influenced other firms to view Bitcoin as a strategic treasury asset. This approach has set the stage for more companies to follow suit.

With the growing Bitcoin adoption, Genius Group has approved a $33M rights offering to bolster its Bitcoin Treasury to $86M, aligning with its “Bitcoin-first” strategy. CEO Roger Hamilton plans to increase his stake by 10.3% amid BTC surge to $95,978.

New FASB Rules Encourage Corporate Bitcoin Adoption

Furthermore, the Financial Accounting Standards Board (FASB) set new reporting standards in December 2024. Bitwise CIO said that these changes are revolutionary for corporate Bitcoin usage. The new rules now let firms recognize Bitcoin gains alongside losses; a significant concern for companies hesitant to hold Bitcoin.

Under the previous accounting framework, Bitcoin was classified as an intangible asset, meaning firms could only record price declines without reflecting gains. The new rules eliminate this constraint. This creates a more favorable environment for companies to integrate Bitcoin into their financial strategies.

Trump Administration’s Policies Boost Bitcoin Adoption

Bitwise CIO anticipates that pro-crypto policies under President-elect Donald Trump’s administration will accelerate Bitcoin adoption among corporations. Trump has pledged to establish a welcoming regulatory environment to make the U.S. a leader in the digital asset space.

More so, Bitwise CIO predicts that hundreds of companies will add Bitcoin to their treasuries within the next 12-18 months. This surge is expected to drive increased demand for Bitcoin, further strengthening its role as a corporate treasury asset.

In addition, the incoming Trump administration has led to optimism within the crypto community. His pro-crypto stance, including proposals for a Bitcoin strategic reserve, has spurred initiatives like TON Blockchain U.S. expansion.

The post Bitwise CIO Highlights 3 Key Trends Behind Corporate Bitcoin Adoption appeared first on CoinGape.

The United States, Japan, and South Korea have issued a joint statement to address the surge in crypto scam threats from the North Korean hackers. The joint statement noted that despite the threats entities like Lazarus Group present, it is proactively working to disrupt their potency.

The Lingering Crypto Scam Threat

According to the joint statement, the countries noted that North Korean hackers still pose a threat to the three countries and their international allies. The countries claim that the DPRK’s hackers target crypto exchanges and related platforms to siphon funds.

Citing good examples, the statement pointed out the DMM Bitcoin exploit that saw a loss of $308 million. Besides this, Upbit also suffered a $50 million loss, with Rain Management recording a $16.13 million loss. One of the major highlights of last year’s crypto scam cases featured the $235 million WazirX loss.

The trading platform’s loss still lingers, with Binance delisting WRX, its native token, in December. The three countries asserted that the funds stolen by these group(s) of hackers have one primary goal. This includes funding the Inter Continental Ballistic (ICB) program of the North Korean regime.

Tactics to Fight North Korean Hackers

As the U.S, Japan, and South Korea revealed in their statement, these hackers make use of well-disguised social engineering attacks If successful, they then install malware like AppleJeus and TraderTraitor to carry out the attacks.

Despite a series of sanctions, the crypto scam capabilities of the North Korean hackers have not slowed down. Amid the sensitization calls from each country, the trio have continued to face such exploits from the DPRK.

To guard against the influence of these hackers, the countries advocated for information sharing among key stakeholders. They advised a functional working relationship between public and private partners to disrupt the hacker’s revenue source. As detailed in the statement, imposing sanctions might deter the cyber criminal’s operational model.

What to Note Moving Forward

It is worth noting that President Joe Biden’s administration acted in a strict manner toward regulating the digital currency ecosystem. One of the key premises is that the ecosystem helps breed criminals, as critics claim the asset has no intrinsic value.

In a bold move, Bitcoin-critic Sen Elizabeth Warren has sent an open letter to the nominated SEC Chair Paul Atkins to take a related tough stance against crypto. With this warning and the chances of further threats from North Korea, it remains unclear how the new leadership will handle these hacker groups.

The post Crypto Scam: U.S, Japan and South Korea Warns of North Korean Hackers appeared first on CoinGape.

Genius Group Limited (NYSE American: GNS), an AI-powered Bitcoin-focused education group, has announced the approval of a $33 million rights offering. The company plans to allocate the full proceeds of the offering to its Bitcoin Treasury as part of its “Bitcoin-first” strategy.

This move could increase its Bitcoin reserves from $35 million to as much as $86 million, depending on the offering’s subscription level and additional loan financings.

Genius Group Greenlights $33M Rights Offering for Bitcoin Buying

According to the rights offering, the shareholders of Genius Group as on January 24, 2025, shall have one right for every share held and this right shall be transferable. Each right entitles the holder to subscribe to one ordinary share at $0.50. The shareholders may also apply for more shares when the others do not wish to take their rights. This move has occured amid the Bitcoin price recovery with bulls taking the charge and BTC trading at $95,978, a 4% surge from the intra-day low.

The rights will commence trading on the NYSE American under the ticker symbol “GNS RTWI” on a when-issued basis from January 23, 2025. The regular trading under the symbol “GNS RT” will start from January 27, 2025 and ends on February 13, 2025. The offering officially expires at 4:The Offer will expire at 11:30 p.m. Eastern Time on February 14, 2025, unless extended by the company.

Roger Hamilton, the CEO and the founder of Genius Group, agreed to fully participate in the offering. He intends to buy an additional 6.8 million shares through the exercise of his rights, which would increase his stake in the company to about 10.3% of its total share. 

Bitcoin-First Strategy and Planned Treasury Expansion

Genius Group’s decision to allocate all the funds raised in the offering to Bitcoin is consistent with the company’s policy of focusing on Bitcoin in its reserves. In November 2024, the company said it will distribute 90% of its reserves to Bitcoin and aims to have a treasury of $120 million at first. 

The company has been active in the market within two months investing $35 million, and purchased 372 Bitcoins at the average price of $94,047.

Using the proceeds from the rights offering and additional loan financings of up to $20m, Genius Group has set its sight on increasing the size of its Bitcoin Treasury to $86m. This strategy makes the company one of the few public companies that are investing most of the assets in Bitcoin.

Investor Call and Market Context for Bitcoin Prices

Genius Group will hold a live investor call on January 15, 2025, at 5:00 p.m. ET to discuss the offering and its Bitcoin Treasury plans. 

The company intends to provide financial updates and share its 2025 outlook during this session.

The announcement coincides with growing market volatility in the cryptocurrency sector. Experts predict Bitcoin may soon surpass the $100,000 mark, fueled by optimistic investor sentiment and decreasing inflation concerns. Changpeng Zhao, Binance’s founder, recently commented on social media that price dips present opportunities for strategic Bitcoin purchases.

The post Genius Group Approves $33M Rights Offering for Bitcoin Purchase appeared first on CoinGape.

As the crypto market sees a recovery, the Solana (SOL) shows strong momentum with bullish signals pointing to potential growth. Analysts suggest SOL could aim for $220 as interest builds. The recent uptick reflects the price’s resilience amid a slightly recovering market, hinting at further upside. Traders are optimistic, eyeing continued gains as momentum strengthens in the coming sessions.

Solana (SOL) Price Eyes $220 Signs of a Major Bullish Breakout

Solana (SOL) price has shown significant upward momentum in recent sessions, capturing attention as it inches closer to the $200 resistance level. The cryptocurrency has recently rebounded from a strong support area near $175, forming a bullish double-bottom pattern on the daily chart.

This key technical setup suggests a potential breakout if Solana sustains its current upward trajectory. Market analysts are optimistic about further gains, citing renewed investor interest and improving market sentiment across the broader crypto market.

Solana’s price movement comes amid increased trading volumes and heightened activity on its blockchain. The asset has proven resilient despite recent volatility, with buyers stepping in at critical levels to push prices higher.

However, breaking the $223 resistance remains a crucial hurdle for sustained bullish momentum. A successful breach above this level could open the path to further gains, potentially driving Solana price prediction toward the $240 mark in the near term.

On the downside, market participants are keeping a close watch on the $175 support. A failure to hold above this key level could trigger renewed selling pressure, dampening the current bullish outlook.

As the broader crypto market stabilizes, Solana’s performance is a key indicator of growing investor confidence. As of the reporting, the SOL price is trading at $185, with 5% surge in the past 24-hours.

Here’s Why SOL Price Could Rally To New Highs

Solana price could surge to new highs fueled by the growing popularity of Solana meme coins and upcoming ETFs. The Solana meme market cap has reached $16.7 billion, with a 1.7% increase in the last 24 hours. Notable contributors include BONK, Pudgy Penguins, WIF, and emerging AI-powered coins like Fartcoin and Ai16z.

On-chain data reveals Solana continues to dominate DEX trading volumes, outperforming Ethereum and Base. Additionally, Solana’s gas fees have surpassed Ethereum’s, highlighting increased transaction activity. 

A rebound in the crypto market, with Bitcoin rallying above $96,000, further supports bullish sentiments. With the U.S. presidential inauguration and ETF launches on the horizon, Solana’s ecosystem appears poised for significant growth in 2025.

Solana’s bullish trajectory hints at further gains, with $220 as a realistic short-term target. Sustaining current momentum could redefine its price potential.

The post Solana (SOL) Price Surges as Momentum Builds; Is $220 Within Reach? appeared first on CoinGape.

The TON Foundation, a blockchain entity associated with the messaging app Telegram, is stepping up its efforts to establish a presence in the U.S. This move comes on the back of anticipated positive regulatory environment in the Trump administration. With the political shift, TON blockchain is positioning itself to capitalize on the evolving opportunities in the U.S. market.

TON Blockchain Eyes US Growth Backed by Trump’s Pro-Crypto Policies

In a recent post on X, TON blockchain has expressed optimism about expanding into the United States under the Trump presidency. Donald Trump’s administration has pledged to position the U.S. as a global leader in the digital asset space. 

Trump’s plans include creating a Bitcoin strategic reserve and establishing a more welcoming environment for blockchain innovation.

The TON blockchain aims to leverage these favorable conditions. Its network, which serves 950 million Telegram users, offers in-app payments and gaming capabilities, powered by its native token, Toncoin. This integration positions TON blockchain as a key player in the blockchain ecosystem, with an eye on capturing the expanding U.S. market.

Notably, the entire crypto community has shown much optimism with the incoming Trump presidency. In a recent report, stablecoin issuer Circle announced a $1M USDC donation to Trump’s inaugural fund.

Leadership Transition: Manuel Stotz to Steer TON Blockchain’s US Focus

As part of its U.S. expansion strategy, the TON Foundation has appointed Manuel Stotz as its new president. Stotz, the founder of Kingsway Capital, brings extensive investment experience in emerging markets and blockchain technology. His appointment signals the foundation’s intent to establish a robust presence in the United States.

Stotz succeeds Steve Yun, who has been instrumental in shaping the foundation’s vision. Yun will continue to serve on the board, providing strategic guidance during this transition. The leadership change reflects the foundation’s commitment to aligning its operations with global opportunities, particularly in the U.S. market.

The new president Manny Stotz emphasized,

 “TON is uniquely positioned to lead the blockchain revolution. I look forward to working with our partners and stakeholders to accelerate this mission—especially in the dynamic and innovative US market.” 

More so, the crypto community is optimistic about Q1 2025, as industry leaders push for a federally-backed U.S. Bitcoin reserve under Trump’s administration. The Bitcoin Policy Institute has proposed allocating $21 billion to build the reserve, urging executive orders to secure banking access for crypto firms and establish a dedicated crypto council.

Toncoin Price Action

Toncoin is an important part of the TON blockchain, and it is the network’s native cryptocurrency. It provides a smooth payment method within the application and encompasses gaming features for millions of Telegram users. The foundation’s expansion into the United States will drive Toncoin utility in a favorable US regulatory environment.

Consequently, Toncoin price has experienced fluctuations in response to these developments. As of this writing, Toncoin (TON) is $5.35 per token, an increase of 3% within the last 24 hours. The market capitalization is $13.57B, and the trading volume in the last 24 hours is $188.13M. 

The post Telegram TON Blockchain’s Game-Changing US Expansion Under Trump Presidency appeared first on CoinGape.

Like any meme coin, Fartcoin gained popularity with its fun name and fart-themed jokes, connecting and entertaining investors. This popularity led to heavy returns for holders, but after today’s 75% price rally, traders could anticipate three higher price targets. Let’s discuss Fartcoin’s price potential and the reasons behind that.

Open Interests and Trading Volume Leads the Fartcoin Price Rally

With the recent crypto market crash, the Fartcoin meme coin also declined to a weekly low of $0.68. Although the token hit a new ATH just days before, the increased volatility and seller dominance crashed it on the charts. Still, it became one of the earliest and biggest recoveries of the market, rallying 75% on the charts since the crash. This happened as investor interest peaked for the crypto token, fueling a 185% surge in the trading volume, currently at $206.85M.

Additionally, Coinglass’s derivative market data reveals a 60% increase in the Open interest in the token, pushing it to $156.06M. This represents the investor’s heavy interest and confidence in the token, fueling the Fartcoin price rally.

If the trend continues, the token could reach higher heights as the momentum builds up with strong buyer demand. Some analysts even call it the next Dogecoin and PEPE, with high returns, further price rallies, and potential targets.

Fartcoin To Hit These 3 Targets Next

Since its launch in October 2024, the Fartcoin price has surged 218380%. Many crypto investors benefited from this growth. One crypto trader made $18M, showcasing Fartcoin’s constant rallies. With many similar stories and continuous development, investors are eyeing this crypto token, which explains the high trading volume and open interest. However, despite the price rally, it is now range-bound between the recent low and high. As a result, the 50% Fibonacci retracement level at $0.936 is the new critical point. A bounce from this crucial point favors a further price rally, which the investor’s positive sentiments, interest, and strong bullish momentum will support.

If the Fartcoin token maintains the bull’s dominance, it will likely hit three prime targets at $1.749, $2,476, and $3.202 based on the Fibonacci extension level. More precisely, if it reaches the 161.8% Fibonacci extension level, it may hit the first target at $1.749, which is an upside target, offering an early profit-taking opportunity. A breakout above this will push the token to 261.8% Fibonacci extension level, reaching the price target of $2.476. Lastly, the most optimistic rally could propel the meme coin to a 361.8% Fibonacci extension level and the Fartcoin price to hit $3.202.

Bottom Line

The Fartcoin token is among the most trending meme coins due to its constant upward movement. More importantly, it is among the market’s top performers at present after its 75% rally past the market crash. With its high demand, bullish momentum, and favorable market trend, it could move higher on the charts. Although there is significant risk and trend reversal with investor sentiments and macroeconomic events, a surge above the critical $0.936 point could confirm a further upward movement, pushing the Fartcoin price as high as $3.302.

The post 3 Targets For Fartcoin as Price Rallies 75% After Market Crash appeared first on CoinGape.

The US Producer Price Index (PPI) data and the Consumer Price Index (CPI) fueling volatility in crypto market. Though the inflation rate seems tamed, traders become cautious ahead of President-elect Donald Trump’s inauguration. CPI report due Wednesday to invoke the highest market volatility since March 2023. As a result, crypto experts predict Bitcoin (BTC) to reach the crucial $100k mark.

The PPI inflation rate in December comes in at 3.3%, below expectations of 3.5%. Meanwhile, the core PPI inflation rate is marked at 3.5%, lying below the expected 3.8%.

Options traders anticipate the largest market movement, predicting the S&P 500 Index to move by 1% in either direction tomorrow, as per Bloomberg report.

Bitcoin Eyes Surge to $100K

Analyst Michael van de Poppe, in his recent X post, forecasted Bitcoin’s move past $100,000 after the US inflation data and President-elect Donald Trump’s inauguration. He wrote, “I’m expecting that we’re grinding back to $100K.” He predicted a strong bounce back while the liquidity was absorbed at a price level of $91,500.

Bitcoin is exchanging hands at $96,121 at press time and has marked a notable gain of more than 5% over the last 24 hours. However, the cryptocurrency has experienced a dip of more than 6% over the past week.

Coinbase Markets revealed 8 bullish signals for Bitcoin price. Reports of Trump making a pro-crypto executive order on the first day of his office has fueled a recovery in the crypto market.

S&P 500 To Make Big Moves

According to Stuart Kaiser, Citigroup Inc.’s head of US equity trading strategy, the S&P 500 Index is expected to move 1% in either direction on January 15, coinciding with the CPI report.

Commenting on the potential market implications of the upcoming CPI report, Brent Kochuba, founder of options platform SpotGamma, noted that a better-than-expected inflation reading could swiftly propel the S&P 500 above 5,900. However, a hot reading could exacerbate the index’s decline and trigger a significant surge in the Cboe Volatility Index (VIX).

Meanwhile, Peter Cardillo, chief market economist at Spartan Capital Securities in New York, revealed the unpredictability of the CPI report’s implications. Cardillo stated, “It’ll be touch and go for the next couple of days until we get the inflation news out of the way.” However, it needs to be seen if the Bitcoin price would align with the analyst’s prediction.

Crypto Market Responds Positively

Despite inflation fears, the crypto market is bullish today. Bitcoin and top altcoins are trading in green today, marking a significant recovery.

On-chain platform Santiment earlier noted a decline in crypto trading volume as ‘trading paralysis’ has swept markets. The analysis added that top projects across Layer 1, Layer 2, meme coins, and AI saw this low level of trading back in early November. It concluded, “The lack of excitement is a sign of FUD, which increases the probability of rebounds.”

With a total market cap of $3.33 trillion, up 5.63%, the crypto market is rallying on an ascending track. Ethereum, XRP, and BNB have secured significant surges of 4.6%, 8.32%, and 3.94%, respectively, over the last day despite weekly dips. XRP remains a significant gainer with a daily increase of 8.32% and a weekly hike of 5.88%

The post What’s Next for Bitcoin? Bloomberg Says Options Traders Bracing for Big Moves appeared first on CoinGape.

XRP price resumed its uptrend and soared to its highest level in four weeks. This rebound is mostly because of the ongoing crypto rebound, upcoming Donald Trump inauguration, and the growth of Ripple’s meme coin ecosystem. So, can the Ripple coin jump to $5 as the XRP Ledger meme coin ecosystem grows?

XRP Price Could Jump As The XRP Ledger Meme Coins Rise

XRP price has one more catalyst that could supercharge its performance: meme coins. According to CoinGecko, meme coins in the XRP Ledger ecosystem are doing well as they aim to bridge the gap with those in Solana and Ethereum. 

The XRP Army price has soared by 140% in the last seven days, pushing its market cap to over $81 million. Other fast-growing meme coins on the XRP Ledger are PHNIX, whose valuation has soared to $44 million, Pongo, Britto, and Vagabond. 

This growth is also being seen in the total value locked in the XRP Ledger network where the total value locked has jumped to $68 million. Most of this TVL is from the XRPL DEX, a platform with increased daily volume.

Ripple Labs hopes to supercharge the XRP Ledger ecosystem by attracting developers across all industries in the crypto industry. By doing that, it aims to become as successful as Solana, which has become the most popular players in the meme coin industry. 

Meanwhile, Ripple’s RLUSD stablecoin has grown recently, with its market cap rising to $72 million and its daily volume jumping to $172 million, much higher than PayPal’s PYUSD’s $22 million. 

Ripple Is Forming a Bullish Pennant Pattern

There is a rising possibility that the XRP price will have a strong bullish breakout that could push it to $5 in the first quarter. That’s because the coin is slowly forming a bullish pennant chart pattern on the daily chart. 

A bullish pennant is a good continuation sign made up of a long flag pole and a symmetrical triangle pattern. Now, this triangle is nearing its confluence point, which could lead to more gains in the next few weeks.

Some key fundamentals like the upcoming Donald Trump inauguration, ecosystem growth, and a potential Ripple ETF will trigger this rebound. 

A strong bullish breakout could push it above its 2024 high of $2.9150, followed by the next key milestone of $5. On the flip side, a drop below the lower side of the triangle at $1.90 will invalidate the bullish view.

The post Can XRP Price Hit $5 As Ripple Meme Coins Surge? appeared first on CoinGape.

In the crypto space, AI coins were among some of the best performers last year. They took advantage of the incredible hype around generative AI technologies to attract the attention of digital asset investors.

There’s a lot of reason to believe in blockchain-based AI in the coming future. It is quite feasible to establish a decentralized artificial intelligence ecosystem that would offer an open, transparent, and accessible alternative to the commercial models such as ChatGPT dominating the market nowadays.

This clearly explains why all the major blockchain networks have made efforts to position themselves as a solid foundation for AI projects. We’ve seen AI coins emerge by the dozen on Ethereum, and some are even trying to build on Bitcoin, but if there’s one network that stands out as the most suitable for AI, it has to be Solana.

Solana’s infrastructure is perfect for AI

Among others, Solana has come in the limelight. During the past year, the growth of the subspace in the fast developing crypto-economy increased; Solana emerged as a leading alternative of the smart-contract giant Ethereum. Solana’s strengths include its beefy network throughput and its low gas fees, which enable it to process transactions much faster, and at lower costs, than any of its competitors.

These benefits are the same ones that make Solana’s network an ideal home for blockchain AI projects. After all, AI is one of the most “data-hungry” technologies of our age, and Solana is purpose-built to scale to extraordinary heights.

Notably, Solana doesn’t just want to host AI applications. In a recent interview published on the Solana Foundation’s website, Solana’s co-founder and the CEO of Solana Labs, Anatoly Yakovenko, mentioned that AI can also benefit the network itself, making it more usable and easier to understand.

AI is booming, and demand for computing power is soaring

What if computing worked like Airbnb? Meet DePIN compute on Solana — share your GPU to earn and access compute when you need it. pic.twitter.com/BMwYCGs8QA

— Solana (@solana) December 16, 2024

He further added that it also makes sense for AI developers to build on blockchain networks, explaining that they provide significant advantages compared to centralized alternatives.

“Crypto APIs are way better than the APIs from finance-focused centralized service providers because they are trustless and don’t deal with the same issues that centralized providers have to deal with,” Yakovenko said. “They have more programmability, and so an AI that can deploy smart contracts and do transactions is better and more powerful than one that can’t.”

Solana Is Encouraging AI Innovation

Besides having the most efficient blockchain architecture for AI, Solana has also made extensive efforts to entice AI developers to use its network in a variety of ways. One of its most important initiatives is the $10 million fund announced by the Solana Foundation that’s specifically set aside for AI projects that aim to enhance the Solan network.

First announced in April 2024, the fund’s aim is to encourage innovation at the intersection of AI and blockchain. Individual developers, teams, businesses, nonprofits, and anybody else who wishes to create an AI application that can help Solana can receive payments ranging from $5,000 to $25,000. Solana highlights its incredible speed and its low costs, saying that these make it the most suitable testing ground for AI blockchain applications.

The Solana Foundation wants to attract developers building dApps that leverage every kind of AI algorithm, including computer vision models, natural language processing and machine learning.

Yakovenko believes AI can improve Solana by documenting and generating code for both the network and dApps, and also by finding vulnerabilities in smart contract codebases. It could also help for other use cases, like networking monitoring, he said.

“There’s a lot of data that validators monitor,” Yakovenko stated. “I bet somebody could build AI-optimized monitoring tools for data – maybe someone is already working on that.”

Solana’s growing AI ecosystem

Solana is already home to some of the most intriguing AI blockchain projects around, further illustrating its strengths. One of the most prominent is Nosana, which is building a decentralized grid of GPU resources that’s powered by the Solana network.

The aim of Nosana is to make the extremely costly and increasingly difficult-to-source GPUs that power AI models available to developers at lower costs. The network’s computing power is sourced from idle GPUs provided by consumers, crypto miners, businesses and data centers, which can make those resources available to others when they’re not using them for their own projects. It’s a smart idea, because the vast majority of GPUs in the world actually spend more time sitting idle than they do working.

By aggregating these resources, Nosana aims to make them available to developers running AI inference workloads at lower prices, sharing the profits earned between those who provide the GPUs and its own treasury.

Meanwhile, Synesis One is more concerned about the data that’s required to train AI models. Data is becoming increasingly hard to come by for AI developers, highlighted by recent claims in the media that the likes of OpenAI are struggling to find enough information to train their next-generation models.

We just launched the first batch of Train2Earn campaigns of the year!

Let’s shape the future of AI, one dataset at a time

Train AI. Earn Crypto. pic.twitter.com/FQAJAXAouJ

— Synesis One (@synesis_one) January 9, 2025

Synesis One aims to fix this by connecting data providers with the developers who need it, leveraging Solana’s high-speed network for low-cost storage and rapid, low-cost transactions. It’s centered on a transparent data exchange, where users can contribute datasets. The data is then tokenized and made available to Synesis One’s community of AI developers at affordable prices, ensuring it can be shared and reused, with appropriate compensation going to those who created it.

Synesis One encourages others to participate too, offering rewards paid out in its native SNS token to anyone who’s willing to spend time annotating and labeling its datasets, in order to make them more useful to AI systems.

Other innovative Solana-based AI projects include Dither, which is building advanced decentralized time-series models to automate crypto trading, and GM.ai, which is creating an operating layer for AI dApps based on Solana

Solana’s promising AI outlook

As interest in decentralized AI grows, Solana looks set to emerge as one of the clear winners thanks to the way it can handle the necessary data requirements with unparalleled speed. It’s also one of the most transparent and secure blockchain networks of all, which means all participants can share in the rewards these projects generate.

With a fast-growing AI dApp ecosystem leveraging Solana’s strengths to increase their efficiency and scale, Solana will play a leading role in the rise of a more equitable AI ecosystem that benefits every stakeholder.

The post Solana’s Powerful Blockchain Will Be The Foundation Of Decentralized AI appeared first on CoinGape.

After the Court of Appeals for the Third Circuit’s ruling partially in favor of Coinbase in its rulemaking petition lawsuit with the US Securities and Exchange Commission (SEC), lawyers tracking Ripple vs SEC lawsuit debate over precedent and clear crypto regulations.

The buzz is around another loss for SEC Chair Gary Gensler as another court states the US SEC’s actions in crypto-related lawsuits as “arbitrary and capricious.”

Pro-XRP Lawyers’ View on Implications for Ripple vs SEC Lawsuit

The United States Court of Appeals for the Third Circuit ruled that the SEC was unjustified in its denial of Coinbase’s rulemaking petition. Appellate court judges asked the regulator to provide a clear explanation of rules and guidelines that indicate digital assets are securities and with reasons.

Lawyer James Murphy, aka MetaLawMan, asserts the US SEC should hold off on any crypto rulemaking until the US Congress passes a market structure bill, clearing out the legal distinction between digital asset commodities and securities.

Lawyer Fred Rispoli reacted to Coinbase CLO Paul Grewal’s post “We just won our petition for a writ of mandamus at the Third Circuit.” Rispoli said Coinbase has lost almost every argument and the company’s only win was the court asked the SEC to provide sufficient reason for denying the petition.

However, he added that phenomenal concurrence by Judge Bibas is exactly what has appealed for in the 2nd Circuit Court. The statement focuses on how old rules from a century ago work for crypto. It reads:

“As I explain, its old regulations fit poorly with this new technology, and its enforcement strategy raises constitutional notice concerns.”

Fred Rispoli believes if the 2nd Circuit Court of Appeals decides to adopt this line of reasoning, then “SEC is done for good with crypto.” It means the court may also slam the SEC and may dismiss or extend the appeal as it reveals that the SEC failed to regulate in good faith.

Ex-SEC Lawyer’s Insights in Relation to XRP Case

Former SEC lawyer James Farrell revealed that the court ruled that any of the 3 rationales offered by the US SEC might suffice. These are “no need for rulemaking; want more info before rulemaking; or other resource priorities. But SEC had to pick 1 or more and spell out the why.”

He agreed that Judge Bibas’ concurrence was more supportive of the industry. However, the same judge also said “Some crypto assets are likewise nothing but creative schemes to evade securities regulations.”

Thus, the court hasn’t provided any clarity, which may depend on the SEC’s methodology used to classify some digital assets are securities.

Notably, lawyers agree that the ruling may apply in other courts if the majority panel of judges likes the reasoning in a sister court’s concurrence opinion.

Opening Brief in Ripple Vs SEC Lawsuit

The crypto industry and lawyers now await the U.S. SEC’s principal brief related to its appeals in SEC v Ripple lawsuit. It is scheduled to be filed by January 15. However, lawyers such as Jeremy Hogan and ex-SEC Marc Fagel believe pro-crypto Paul Atkins under the Trump administration may decide not to pursue the appeal further.

CoinGape has glanced at what could be expected from the opening brief by the U.S. SEC, as per Form C and outgoing SEC Chair Gary Gensler’s stance on crypto.

The post Ripple Lawsuit Update: How Coinbase vs SEC Ruling Could Influence XRP Case appeared first on CoinGape.

Shiba Inu burn rate has surged significantly in the last 24 hours. Over 21 million SHIB tokens have been burned in the last 24 hours, bringing down the circulating supply to create scarcity and mark upticks in price. The community is anticipating further price rises in the days to come, especially with the launch of TREAT tokens.

Shiba Inu Burn Rate Soars by 2200%

According to an X post by Shibburn, the Shiba Inu burn rate has surged by 2229.01% in the last 24 hours. This marks the elimination of 21,065,740 SHIB. This has brought the total supply to 589,256,928,688,831. The objective behind burning SHIB tokens is to create scarcity, which would fuel price rise due to the lower supply of the token in circulation.

The bullish speculation for SHIB picked pace in the last 7 days. The buzz signal that the meme coin has gained sufficient momentum ahead of the launch of TREAT tokens.

SHIB Price Analysis

Shiba Inu price today is up by 5.71%, exchanging hands at $0.00002142 with a significant rise of 9.60% in the 24-hour trading volume. Ongoing sentiments towards SHIB are bearish, however, the community is upbeat on the upside move after a significant rise in Shiba Inu burn rate.

Meanwhile, SHIB price analysis by CoinGape indicates that SHIB is inevitable as the token may reach $0.001 in January. This growth would be backed by the adoption of Shibarium, strategic SHIB burn, and bullish market trends.

Overall, the top meme coins are reporting a positive rally in their values over 24 hours. For instance, DOGE is up by 9.62% and PEPE has soared by 6.37% in a single day. This reflects the growing bullish sentiment for the meme coin sector within the crypto community.

TREAT Token Launch

In addition, TREAT token launch is scheduled to happen later today. Top crypto exchanges such as Kucoin and Gate.io have planned will list TREAT. Withdrawals for TREAT will commence on January 15. Traders who have their accounts on listed platforms shall be considered eligible for TREAT airdrops.

TREAT launch will see other platforms list the token in the times to come, giving it more visibility among crypto enthusiasts. TREAT token pre-listing highlights continue to showcase high demand even before it is launched.

The post Shiba Inu Burn Rate Rockets Over 2000% Sparking Optimism Over SHIB Price Rally appeared first on CoinGape.

Amid increased volatility and unpredictability, a German trader predicts a parabolic rally for four famous crypto tokens, buzzing investors. Although the market has begun a recovery trail today after the collapse, altcoin dominance is still months away, per most analysts. However, the aforementioned prediction hints at the formation of the peak moment for some of these tokens. Let’s discuss these and why the trader call it the last chance to buy.

German Trader Predicts ADA and Other Crypto Tokens Price Rally

With the Bitcoin price rally, altcoins also splurged investors with gains in November-December 2024. However, after this, things slowed down, and the market faced downtrends and losses. However, according to this German trader, things will change really fast now.

During an interview, Oliver Michel, founder and CEO of Tokentus and popular crypto celebrity, discussed the upcoming bullish moments for HBAR, DOGE, XLM, and ADA. More importantly, he urged investors to pay attention to these four crypto tokens before concluding that these would rally pretty soon.

Michel’s analysis identified similar trends in these cryptos, with each achieving similar rallies in 2024 end, reaching 3x, 4x, 6x, and 7x with the Trump-driven crypto market rally. His analysis also focused on these four cryptos entering a consolidation ever since then, showing a sideways moment, making it the perfect buying opportunity for investors.

ADA Price To Hit $12 in 2025?

At present, Cardano’s price is at $0.9635 after a 7% surge in the last 24 hours. Despite that, it is still losing in the broader market. Analyzing its historical performance, ADA hit its prime in early 2021, creating an ATH of $3. However, since then, the asset has sharply declined before stabilizing in 2023 and 2024, increasing investors’ expectations for 2025.

With Oliver Michel’s ADA price prediction, investors await the bullish rally to $12. However, considering this crypto token’s overall performance, this target seems less likely. To reach this target, ADA needs a 12x increase, which is 4 times the rally it had in November, and that is only possible with an altcoin season, which is not due until a few months.

Even with that, the crypto trends, investor demand, and technical factors need to be combined to make this target achievable. Considering the prediction’s challenges, some call this target a FUD. However, some analysts believe in the long-term potential of the token, especially as the Cardano Foundation is focusing on the DeFi expansion and real-world adoption.

$ADA is forming an ascending channel.

Looking at other coins, if the previous high was the upper part of the channel, the next high is likely to be formed at the middle line of the upper zone.

The target price will vary depending on the time of reach, but it expected that to be… pic.twitter.com/chqQKmZSU6

— CW (@CW8900) January 9, 2025

Key Takeaway From This Post

The recent ADA price recovery sparked enthusiasm around this altcoin’s rally, especially as a German trader presented a bullish outlook for the same. During an interview session, Oliver Michel predicted a massive rally for four crypto tokens, i.e., ADA, HBAR, XLM, and DOGE. More importantly, he called it a must-buy opportunity before these cryptos explore new heights. With this prediction, fellow investors presented concerns over ADA’s growth and long-term target of $12 as to whether this can finally become a reality in 2025 or not.

The post Last Chance to Buy? German Trader Predict Parabolic Rally for 4 Crypto Tokens appeared first on CoinGape.

Ethereum (ETH) has dropped nearly 30% since December 16, 2024, due to Bitcoin’s (BTC) crash under $90K on Monday. The sudden collapse in BTC and the broader crypto market seems to have created an opportunity for whales to accumulate. According to on-chain data, the supply held by whales has grown by more than 1 million ETH since then. With this bullish development, what’s next? A sustained bottom formation or a swift rally beyond 2024 highs? Let’s explore.

Ethereum Price Today: ETH is up No data found for ethereum on 12 hours ago%

After a near-4% crash, Ethereum (ETH) price today trades at No data found for ethereum on 12 hours ago as of No data found for ethereum on 12 hours ago. As noted above, the token has crashed by nearly 30% since Monday, December 16, 2024. However, on-chain data shows optimism as whales accumulated more than 1,000,000 ETH since the start of 2025. From a daily high of No data found for ethereum on 12 hours ago ETH price is down No data found for ethereum on 12 hours ago% on January 15.

Ethereum Price Chart Today

After setting up a daily low of $2,920 on Monday, Ethereum price chart today shows a recovery to roughly $3,200.

*Ethereum price updated as of No data found for ethereum on 12 hours ago.

Ethereum Whales Scoop More Than 1 Million ETH Since 2025

Data from Santiment shows that whales have increased their holdings from 104.2 million to 105.29 million since the start of 2025. The orange line in the chart attached below represents these high-net-worth investors, and it has been on an uptrend, showcasing ETH’s bullish fundamentals.

To further validate this idea, we can look at the whale transaction count worth more than $100K and $1M. On Monday, when Ethereum dropped below $3,000, similar whale transaction counts spiked, indicating that whales bought the dip. These two entities, represented with yellow and blue spikes, can tell if whales bought the dip or were responsible for a correction. If these transactions occur after a crash, it can be viewed as a buy-the-dip activity. For example, the December 31 dip saw a huge spike in both such transactions, which led to the Ethereum price rally from $3,300 to $3,700.

The black stepped line represents the supply of ETH on exchanges. This metric has been dropping for the past month but took a steep plummet after January 6, from 10.67 million to 10.38 million. The 2% decline shows that roughly 29,000 ETH left these centralized entities, which is optimistic.

Ethereum Price Analysis Forecasts If Price Will Recover Now

Technical analysis of Ethereum shows clear signs of recovery after tagging the key support level of $3,029 during a recent crash. Although another dip isn’t likely here, other support levels where a reversal could occur include $2,739 and $2,566.

The bounce from $3,029 has led to the validation of the ongoing inverse head-and-shoulders setup. This technical formation contains three bottom formations that look like a head and two shoulders. Hence the namesake. A flip of the neckline, a trend line connecting the peaks of the head and two shoulders, into support will confirm a breakout. In such a case, the pattern forecasts a 44% rally to $5,825. This target is obtained by measuring the depth of the head and adding it to the breakout point of $4,096.

However, the uptrend to the aforementioned level is not easy. Ethereum price prediction notes a few critical resistance levels that could serve as targets for investors who bought the recent dip. These targets include $3,278, $3,600, $3,843, and finally, $4,000 must be overcome. Breaching through these barriers and flipping them into support level will allow the price to kickstart the inverse head-and-shoulders rally to $5,825,

The recent crash in Ethereum’s price has presented a buying opportunity for whales, who have accumulated over 1 million ETH since the start of 2025. With on-chain data showing a decline in supply on exchanges and an increase in whale holdings, the outlook for Ethereum appears bullish. Technical analysis also suggests a potential recovery, with a breakout above $4,096 potentially leading to a 44% rally to $5,825. As Ethereum continues to show signs of recovery, investors may want to keep a close eye on this developing story.

The post Ethereum Whales Buy 1 Million ETH As Price Dips Below $3,000 appeared first on CoinGape.

SUI has created history with its mind blowing hold over the world. The financial system was revolutionized when SUI started climbing the ladder. The coin is expected to show a surge in the coming days, but it would require a technical eye to understand. It is utmost important for any trader to understand the charts and then invest their hard earned money.

In this article, you will learn how SUI is anticipated to perform in the coming years. Read the technical analysis and everything you need to know about the coin.

The post Sui (SUI) Price Prediction January 2025, 2026, 2030, 2040 – 2050 appeared first on CoinGape.

Toncoin has created history with its mind blowing hold over the world. The financial system was revolutionized when Toncoin started climbing the ladder. The coin is expected to show a surge in the coming days, but it would require a technical eye to understand. It is utmost important for any trader to understand the charts and then invest their hard earned money.

In this article, you will learn how Toncoin is anticipated to perform in the coming years. Read the technical analysis and everything you need to know about the coin.

The post Toncoin (TON) Price Prediction January 2025, 2026, 2030, 2040 – 2050 appeared first on CoinGape.