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this post is reminder of the trending moves in Crypto market so do let your arcakeness in this issues
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#BinanceAlphaAlert Thailand eyes spot Bitcoin ETF approval, cracks down on Polymarket Thailand is considering allowing spot Bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time, according to the country’s Securities and Exchange Commission (SEC). On Jan. 14, SEC Secretary-General Pornanong Budsaratra said the regulator is assessing whether both retail and institutional investors could trade spot. Bitcoin BTC tickers down $97,146 ETFs locally. “Like it or not, we have to move along with more adoption of cryptocurrencies worldwide,” Pornanong said, according to Bloomberg. “We have to adapt and ensure that our investors have more options in crypto assets with proper protection.” In June 2024, Thailand’s One Asset Management introduced a fund-of-funds, which offers exposure to overseas spot Bitcoin ETFs, but direct Bitcoin ETF listings still remain off-limits. Thailand’s SEC is also considering allowing firms with strong credit ratings to issue stablecoins backed by corporate bonds to help widen access to debt markets. Meanwhile, the ruling Pheu Thai Party’s de facto leader, Thaksin Shinawatra, has suggested issuing government bond-backed stablecoins for retail and institutional investors. Thaksin also proposed creating a Bitcoin sandbox in Phuket for tourism-related transactions. According to Chainalysis’ 2024 Crypto Adoption Index, Thailand shows notable participation in retail and centralized cryptocurrency services, ranking 16th in overall adoption. It stands 15th in retail centralized service value and 19th in decentralized finance transaction volume. Thailand’s cyber police target Polymarket Meanwhile, on Jan. 14, Thailand’s Technology Crime Suppression Division (TCSD) announced that it plans to propose closing Polymarket, a cryptocurrency-based prediction market, according to Thai news outlet mgronline. Police Lieutenant General Trairong Phiwpaen, the commander of the TCSD, reportedly stated: “Polymarket, a global website that provides a variety of prediction services.
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#AltcoinBoom XRP price snaps 8-year downtrend vs Bitcoin as predictions target $14 XRP price continues to show strength versus the wider crypto market and data indicates the altcoin’s potential to move higher, possibly into double digits. XRP XRP tickers down $2.77 has led the broader crypto market with a 12% jump over the last 24 hours to bring its gains since early November 2024 to 466%. The swift recovery from Jan. 3 lows at $2.20 has led analysts to say that XRP’s price is poised to rally into double digits this year. XRP/BTC breaks out above 8-year resistance XRP had underperformed Bitcoin since the 2017 bull cycle before it regained its footing at the end of 2024. With a weekly close above 0.000015 during the last week of November 2024, the XRP/BTC pair broke above a multi-year descending trendline. Note that this line has acted as resistance for the pair since 2017. Data shows that XRP/BTC closed the week at 0.000026 on Jan. 12, its highest weekly candle since October 2022. Market analysts expect continued outperformance of XRP against BTC will potentially see the ratio hit the all-time high target of 0.000245 reached in May 2017. “Powerful breakout for XRP against the Bitcoin pair with strong volume,” said XRP analyst Steph Is Crypto in a Jan. 14 post on X. Based on his analysis of the XRP/USD pair in the monthly timeframe, the analyst added; The reasoning stems from a market fractal on the monthly chart, which is currently playing out according to XRP’s 2017 bull run. Overall, XRP’s current price action against BTC implies that the market is widely paying attention to the altcoin as it moves toward its 2018 all-time high of $3.84. XRP holders grow in number Besides a favorable market structure, XRP’s ecosystem has also witnessed a series of positive events that have lured more speculators. A chart shared by market intelligence firm Santiment shows that the Total Amount of XRP Holders has grown by 58,000 since the beginning of 2025. The notable increase in the number of XRP holders suggests that “the community.
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#MicroStrategyAcquiresBTC XRP spikes 12% as whales continue 'enormous accumulation' — Santiment XRP’s price surged amid broader uncertainty in the crypto market, driven by aggressive whale accumulation and speculation about a possible ETF listing in the US, according to crypto analysts. XRP’s price surged 12% in a day with data showing whales have been accumulating the asset in significant volumes, speculation around an ETF listing in the US and optimism toward President-elect Donald Trump’s looming inauguration. “XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since Dec. 17, 2024,” crypto analysis firm Santiment said in a Jan. 14 X post. At the time of publication, XRP had surged further, trading at $2.83, a price not seen since early 2018, according to CoinMarketCap data. XRP whale accumulation is gaining momentum Santiment said that XRP’s XRP tickers down $2.78 price increase could be attributed to the “continued enormous accumulation” from wallets holding between 1 million and 10 million XRP tokens. The analysis firm said that since Nov. 12, the cohort had accumulated 1.43 billion XRP tokens, marking an increase of about 37.4%. Onchain protocol Derive’s head of research, Sean Dawson, told Cointelegraph that XRP’s strong momentum is “most likely due to a possible XRP ETF listing sometime this year.” Dawson said that as Bitcoin BTC tickers down $96,995 “gets bought up,” investors may be inclined to rotate capital into altcoins like XRP, further “fuelling bullish sentiment.” Blockchain-focused media company Gokhshtein Media founder David Gokhshtein said in a Jan. 15 X post, “XRP holders deserve this.” XRP’s price saw tight consolidation throughout 2024, with the price difference between Jan. 17 and Oct. 17 being just 3.8%. SEC deadline to file an appeal cited as “another factor” “XRP’s legal battles with the SEC could also come to a head this year in the former’s favor,” Dawson added.
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#TrumpCPIWatch Bitcoin ETFs, Halving, Trump Win Drove Price Rally Spot bitcoin ETFs hold the cryptocurrency as the underlying asset. So as more people put money into the ETF, the ETF has to buy more bitcoin. That demand helped drive bitcoin prices to record highs last year. Bitcoin was trading close to $46,000 on Jan. 10, when the Securities and Exchange Commission gave its approval for bitcoin ETFs to begin trading. Its price fell below $40,000 in the first few weeks after the ETFs started trading, but then recovered to establish a new high of over $73,000 in March ahead of the bitcoin halving. $BTC Bitcoin halving, an event that occurs roughly every four years, slows the pace at which new bitcoin are created. Tighter supply and roaring demand from the ETFs created an imbalance, driving prices higher. Donald Trump's victory in the November presidential election provided an additional jolt, amid investor hopes that a crypto-friendly White House and Congress will adopt policies that support the asset class. Bitcoin hit multiple all-time highs in the weeks after the election, rising as high as $108,000 in mid-December. The digital currency was at $95,000 on Friday afternoon. Bitcoin ETFs Paved The Way For More Products The success of the spot bitcoin ETFs has also led to the approval of other regulated, crypto-focused financial products such as spot ether ETFs (ETHUSD) and options trading on the spot bitcoin ETFs. The Trump administration, which is scheduled to take control on January 20th, is expected to relax crypto regulatory restrictions, which could lead to the approval of more crypto ETFs. There are already proposals for XRP (XRPUSD) and Solana (SOLUSD) ETFs that have been sent to the SEC. Additionally, ETF analysts from Bloomberg see the potential for Litecoin (LTCUSD) and Hedera (HBARUSD) to have ETFs approved in 2025, following the approval of a combined bitcoin and ether ETF.
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