Spot Bitcoin ETFs To Go Premium, CFTC Issues Stark Warning About DeFi
If spot Bitcoin ETFs get the nod from the SEC, they will trade at an 8% premium to their net asset value, according to Reggie Brown, Head of ETF Trading at market maker GST.
The remarks came as would-be Bitcoin ETF issuers, including the likes of BlackRock, Valkyrie, VanEck, and Fidelity, among others, filed amended S-1 applications with the US securities watchdog, in hopes of receiving approval to launch their spot Bitcoin products.
Meanwhile, the US commodities watchdog, CFTC, has released a report, outlining the emerging risks associated with digital assets, especially within the decentralized finance (DeFi) space. One of the major concerns, the report states, is the lack of accountability within the DeFi sector, which poses risks to consumers, investors, and financial stability.
Shiba Inu (SHIB) Holders Migrating To New ICO Investment — Token May Follow Bitcoin’s 20000% ROI Yields
Holders of the world’s second-largest memecoin by market capitalization, Shiba Inu (SHIB), are starting to invest in a new ICO that has nothing to do with their dog-gone Ecosystem.
Mollars, a new crypto project designed to save users the costly fees related to cross-chain Bitcoin transactions, has emerged as a high ROI yields potential investment for the Ethereum Blockchain. Currently on presale, a recent CoinmarketCap report estimates yields as high as +9,500,000% over ~10 years, if it follows the same trajectory as its rival, Bitcoin.
The first investment round has been performing remarkably well after its debut a couple of weeks ago. Since December 16th, Mollar’s presale has amassed nearly 150,000 tokens sold, with its balance growing over 20,000% over that timeframe.
Overall, the new profitable opportunity has garnered the attention of many crypto traders from shrimps to sharks of today’s crypto community. Particularly, Ethereum (ETH), Shiba Inu (SHIB), Polygon (MATIC), and Tether (USDT), have shown big interest in the new Bitcoin Killer project.
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Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements
The largest cryptocurrency trading venue added 40 million accounts to 170 million.
Binance's user base grew 30% in 2023, CEO Richard Teng said Thursday, signaling strength as the world's largest cryptocurrency trading venue tries to look past November's settlement with U.S. regulators and the departure of founder Changpeng "CZ" Zhao.
In Binance's end-of-year report, Teng said "net inflows have been very robust, while new users continued coming in steadily" following Zhao's guilty plea, which also saw Binance agree to pay $4.3 billion for violating U.S. banking laws.
Ripple Price: XRP Price Poised For 8 to 10x Rally Soon
XRP Price has been a major player in crypto for over a decade, consistently in the top rankings. Ripple’s legal tussle with the SEC has affected XRP’s price. Despite recent legal wins for Ripple, XRP’s December price saw minimal change, rising just 2% from $0.61 to $0.63. The legal uncertainty seems to have restrained XRP’s growth during this period.Investors are worried that XRP has not crossed its much-anticipated level of $1, yet how can it go for a 600% surge within months? So, if that makes you think XRP is over, wait, here’s the analyst boosting historical trend that was never highlighted before. Analyzing XRP Price Lags and Rise in Historical PatternsThe recent analysis by market expert JD has sparked discussion around a potentially overlooked trend in the XRP market, reminiscent of patterns seen in the 2017 cycle. Notably, while most cryptocurrencies were on an upward trajectory from October 2015, XRP showed pace during this period. That means once the bull run picks up momentum, almost every token will move, but historically, XRP tends to pump much later than others.JD highlighted the historical similarity between the 2017 cycle and the current XRP market behavior. In the past, XRP initially lagged behind other assets, prompting some investors to switch to higher-performing options, missing out on XRP’s eventual massive surge.In the present scenario, the surge in the overall market from October hasn’t reflected a similar pace in XRP’s growth compared to prominent cryptocurrencies like Bitcoin and Solana. This has sparked frustration among some XRP investors, drawing parallels to sentiments observed during the 2017 cycle when XRP’s underperformance led to a decline in market dominance.Crypto In SplitThere’s a divided opinion regarding the potential for XRP to mirror the 600x surge witnessed in 2017. While skepticism exists about replicating such extraordinary growth, JD suggests that technical indicators hint at a possible 8 to 10x increase in XRP’s value. This projection indicates a significant rise from its current value of $0.6210 to potentially reaching $6.21 when the anticipated rally unfolds.XRP Price Breakout Possible, If?Overall, XRP’s potential price movement, which has formed a symmetrical triangle pattern since July, signals an uncertain outlook. The RSI indicator at 50 reflects an undetermined trend, contingent on XRP breaking above the pattern or falling below the $0.58 support level. A significant XRP whale recently accumulated 360 million XRP. A breakout above the triangle could lead to a 30% surge toward $0.82, while dropping below $0.58 might result in XRP falling to $0.55.$XRP
Ripple Price: XRP Price Poised For 8 to 10x Rally Soon
XRP Price has been a major player in crypto for over a decade, consistently in the top rankings. Ripple’s legal tussle with the SEC has affected XRP’s price. Despite recent legal wins for Ripple, XRP’s December price saw minimal change, rising just 2% from $0.61 to $0.63. The legal uncertainty seems to have restrained XRP’s growth during this period.
Investors are worried that XRP has not crossed its much-anticipated level of $1, yet how can it go for a 600% surge within months? So, if that makes you think XRP is over, wait, here’s the analyst boosting historical trend that was never highlighted before.
Analyzing XRP Price Lags and Rise in Historical Patterns
The recent analysis by market expert JD has sparked discussion around a potentially overlooked trend in the XRP market, reminiscent of patterns seen in the 2017 cycle. Notably, while most cryptocurrencies were on an upward trajectory from October 2015, XRP showed pace during this period. That means once the bull run picks up momentum, almost every token will move, but historically, XRP tends to pump much later than others.
JD highlighted the historical similarity between the 2017 cycle and the current XRP market behavior. In the past, XRP initially lagged behind other assets, prompting some investors to switch to higher-performing options, missing out on XRP’s eventual massive surge.
In the present scenario, the surge in the overall market from October hasn’t reflected a similar pace in XRP’s growth compared to prominent cryptocurrencies like Bitcoin and Solana. This has sparked frustration among some XRP investors, drawing parallels to sentiments observed during the 2017 cycle when XRP’s underperformance led to a decline in market dominance.
Important Binance Listing Announcement for Ripple (XRP) and Solana (SOL) Users
Some of the assets included in Binance's listing have experienced a price jump shortly after the annoucnement.
🚨 Binance has announced the addition of new trading pairs, including SOL/USDC, XRP/USDC, ADA/USDC, and MATIC/USDC.
🚨 The listing of these tokens on Binance might contribute to their perceived credibility and legitimacy, potentially increasing investor confidence.
🚨 The article contrasts this with the potential negative impacts of delisting assets from major exchanges, as seen with the recent removal of several trading pairs from Binance, which adversely affected their prices.
This trendline has been immensely important for 7 years now and EVERY time ETH/BTC hits the trendline, it doesn't take long for Alts to start the uptrend.