The U.S. SEC has removed the civil action against #Ripple💰 from its website, eliciting rumors of potential settlement among crypto enthusiasts.  

Read more on: https://thecryptobasic.com/2025/01/29/heres-why-sec-removed-ripple-case-from-its-website/
#cryptonewstoday

Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made a statement and conducted interesting surveys on what users have experienced in the market so far and commented on the results.
Zhao first asked his followers if they had made a profit from memecoins, and reached 121,000 voters out of a total of 9.5 million followers. 44% of the users said they had lost money on memecoins, while 33% voted that they had made a profit from memecoins. The remaining users voted that they had not purchased any memecoins so far.

Afterwards, 39 thousand people voted for the question of whether they had made a profit from Bitcoin. 50.4% of them stated that they had made money from BTC, 23% said they had lost money, and the remaining users shared that they had never bought BTC before.
In his third survey, Zhao asked users if they had ever made a profit from NFTs, and the most dramatic results came in this survey. Only 15% of users said they had made a profit from NFTs, while 36% said they had lost money, and a majority of 48% said they had never purchased an NFT.

Finally, Zhao asked his followers the same question about BNB and the survey concluded that 31% made a profit, 27% made a loss. 41% said they had never bought BNB.
Zhao, who evaluated the survey results, admitted that the results could be biased because his followers are already interested in cryptocurrencies. He attributed the fact that there are so many people making profits in Bitcoin to the fact that the BTC price is near an all-time high.

#CZ #BTC #memecoin #bnb #cryptonewstoday

Famous Rich Dad Poor Dad author Robert Kiyosaki has struck once again, highlighting the reason why Bitcoin will outshine the United States dollar.
According to a recent post on X, Kiyosaki highlighted the disparity between both currencies, tagging Bitcoin as ‘good money’ while noting that the US dollar is ‘bad money.’ The famous author has been a long supporter of Bitcoin, making predictions about the digital assets over the last few years.

While Kiyosaki has been preaching the Bitcoin gospel, he has never failed to let people know that the asset, alongside precious metals gold and silver, is the way.
In his recent post, he makes a compelling argument, listing the reasons why Bitcoin can be relied upon as a better store of value compared to the dollar, noting that it is the one reason why the leading digital asset will outshine the greenback in the coming years.

Robert Kiyosaki makes a compelling Bitcoin argument
According to Kiyosaki, Bitcoin has often offered great stability with enough room for growth, something that inflation and excessive printing have denied the dollar. He believes that confidence in the US dollar is at an all-time low, noting that people are now gravitating towards the digital asset.
It is not hard to see why, especially after President Donald Trump came into the White House with his meme coin and crypto friendly promises. 

In his post, Kiyosaki maintains that two laws give Bitcoin power over the dollar. He quoted Gresham’s law, noting that when bad money enters a system, good money goes into hiding.
He mentioned that over the last year, the dollar, which he refers to as bad money, has forced precious metals, which he calls good money, into hiding. However, he noted that things have changed now, as Bitcoin, silver, and gold are now fighting back and sending the dollar into hiding.

Kiyosaki’s post about Gresham’s law discusses how Bitcoin is a safer bet in the face of the weakened dollar. He also pointed to Metcalfe’s Law, where he talked about the value of having a better network of participants.
He noted that Bitcoin’s value is currently being strengthened by the number of its participants, with its decentralized nature being the edge that the currency possesses. This postulation talks about the growing interest that Bitcoin has enjoyed from corporations, with MicroStrategy currently leading the Bitcoin purchase charge.

Skeptics unmoved by Bitcoin’s potential as the dollar plunges
With Donald Trump at the helm of affairs in the United States, there is no telling what will happen in the local financial landscape. However, his pro-crypto mindset is a win for Bitcoin and the wider crypto industry. Hailed as the crypto president, Trump has kicked things into motion, endorsing a national Bitcoin Reserve.

However, some people are still not convinced about Bitcoin’s value. Most of them see it as a speculative asset, with Goldman Sachs CEO David Solomon as one of them. He has frequently mentioned how the asset’s speculative nature has not made it a true competition to the dollar.
Meanwhile, the United States dollar recently dropped to 1.7%, a 14-month low last seen in 2023. According to analysts, the dollar is now in the overvalued region, with a correction coming soon. The correction has seen other currencies perform well against the dollar, with the British pound rising by 2.5%.

#Robertkiyosaki #USDOLLAR #bitcoin #cryptocurrencies #cryptonewstoday

The launch of spot Bitcoin ETFs in the United States has led to an impressive influx of nearly $40 billion within just over a year. Recent data indicates that the collective net asset value of these funds has surpassed $123 billion, achieving an unprecedented milestone.
Notably, BlackRock’s iShares Bitcoin Trust leads the market with significant weekly inflows of $1.32 billion, confirming its strong foothold in the sector. Market observers believe that Bitcoin’s consistent performance above $100,000, combined with recent political developments, has significantly contributed to this remarkable growth.

What Factors Make Bitcoin ETFs Attractive?
In the past week, Bitcoin ETFs experienced a total inflow of $1.76 billion, rekindling enthusiasm among market participants regarding cryptocurrencies. Following BlackRock’s success, Fidelity’s ETF, FBTC, attracted $202.2 million, while Ark and 21Shares’ ETF, ARKB, received $172.6 million. This revitalization in investor confidence reflects a growing interest in the cryptocurrency market.

Do Political Moves Influence Market Sentiment?
Political statements, particularly from former President Trump regarding blockchain, have positively swayed market sentiment. Trump’s favorable views, alongside Elon Musk’s initiatives to implement blockchain technology in governmental operations, have further fueled investor interest.
Bitcoin’s price stability above the $100,000 mark has reached a historical high, prompting expectations of continued interest from new investors. Some key observations include:

Bitcoin ETFs have collectively attracted $39.94 billion in investments.BlackRock’s iShares Bitcoin Trust remains the market leader.Political support for cryptocurrencies is enhancing market dynamics.
The combination of sustained Bitcoin performance and favorable political endorsements is likely to draw further investments, making Bitcoin ETFs an appealing option for a wider range of investors.

#BitcoinETFs #bitcoin #PoliticalImpac #crypto #cryptonewstoday

Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize prices.
Here are five large token unlocks scheduled for next week.

Ethena (ENA)
Unlock date: January 29Number of tokens unlocked: 12.86 million ENACurrent circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, delivers a solution independent of traditional banking. It also offers global users a dollar-denominated savings tool called the “Internet Bond.”
Ethena’s native token, ENA, allows holders to take part in governance decisions for the protocol. On January 29, Ethena will unlock over 12 million ENA tokens, valued at $11 million, with the funds allocated to ecosystem development.

Optimism (OP)
Unlock date: January 31Number of tokens unlocked: 31.34 million OPCurrent circulating supply: 1.35 billion OP
Optimism, a Layer-2 scaling solution, speeds up transactions and reduces costs on Ethereum. Its OP token is essential for governance, letting holders vote on proposals and influence the network’s future.
On January 31, Optimism will unlock 31.34 million OP tokens. According to Tokenomist (formerly TokenUnlocks), these tokens will be distributed to core contributors and investors.

Sui (SUI)
Unlock date: February 1Number of tokens unlocked: 64.19 million SUICurrent circulating supply: 3 billion SUI
Sui is a high-performance Layer-1 blockchain built to optimize network operations and security through a Proof-of-Stake consensus mechanism. Launched in 2021 by Mysten Labs, the project was founded by former Novi Research employees who contributed to the development of the Diem blockchain and the Move programming language.
The SUI token enables governance, allowing holders to vote on proposals and shape the platform’s future. On February 1, a major token unlock will release tokens allocated to Series A and B participants, the community reserve, and the Mysten Labs treasury.

ZetaChain (ZETA) 
Unlock date: February 1Number of tokens unlocked: 44.26 million ZETACurrent circulating supply: 634.37 million ZETA
ZetaChain is a decentralized blockchain platform that facilitates seamless interoperability across different blockchain networks. Its key feature allows cross-chain communication, enabling the transfer of tokens and data between blockchains like Ethereum and Binance Smart Chain.
On February 1, ZetaChain will unlock nearly 45 million ZETA tokens. These tokens will fund initiatives such as a user growth pool, an ecosystem growth fund, core contributor rewards, advisory roles, and liquidity incentives.

dYdX (DYDX)
Unlock date: February 1Number of tokens unlocked: 8.33 million DYDXCurrent circulating supply: 722 million DYDX
In early 2023, dYdX, the largest decentralized perpetual futures trading protocol, announced changes to its initial tokenomics. According to the update, 27.7% of dYdX’s total supply will go to early investors, 26.1% to the treasury, 15.3% to the team, and 7.0% to future dYdX employees and consultants.

Most DYDX unlocked on February 1 will be distributed among founders and investors, with the remaining tokens reserved for current and future employees.
Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Celo (CELO), and Moca Network (MOCA), among others, with a total combined value exceeding $450 million.

#TokenUnlock #altcoins #altsesaon #CryptoMarket #cryptonewstoday

Trump is encouraging banks to invest more in Bitcoin.
Solana’s AI meme coins are growing, while Ethereum remains steady by focusing on value.
Legal issues with Ripple and many new tokens might stop altcoins from rising this year.

Political Influence on Cryptocurrency
The crypto world is abuzz with the political and market developments that will impact whether an Altseason will occur this year.
Recent events indicate a growing trend in the intermingling of politics and cryptocurrency, which poses questions about the future of altcoins.

Recently, the TRUMP coin ‘launch’ brought political attention to crypto: end Considering these, cryptocurrencies raise questions about their position in politics and governance.
If one mentions Bitcoin, this is the most highlighted cryptocurrency; however, some consider it the only crypto worth mentioning, eclipsing other promising altcoins.

SEC vs Ripple Keeps Bitcoin in the Spotlight
The case filed by the SEC against Ripple is still ongoing, which has kept Bitcoin in the spotlight. The case questions whether XRP issued by Ripple should be classified as a security, and this has massive implications for the entire crypto market. As the case continues, the dominance of Bitcoin continues to influence investor behavior and market trends.

On the other side, the Solana ecosystem is booming. The AI agent meme coins on Solana have broken all-time highs and surpassed all previous records. These meme coins, powered by innovative AI technology, have captured a lot of attention and investment.
Solana’s rapid growth presents the potential that blockchain combined with artificial intelligence might be one of the most crucial players in the crypto space.

Despite Solana’s success, Ethereum remains steady. According to Vitalik Buterin, co-founder of Ethereum, Ethereum is built for value and accountability, not hype.
This focus on long-term utility keeps Ethereum strong, even if it doesn’t experience the same rapid price movements as some altcoins. Ethereum’s consistent performance underlines its importance in the crypto ecosystem.

Will Altseason Occur This Year?
Amidst these developments, the question now is: Will Altseason occur this year? An Altseason is when alternative cryptocurrencies, commonly known as altcoins, appreciate in price compared to Bitcoin. An Altseason could occur, but several factors will determine if it does.

Market dynamics show that many investors are currently looking towards altcoins, which can be attributed to trends and hype on social media. However, the market makers do not want it to happen just yet, thereby preventing a full-fledged Altseason.
Moreover, the entry of new tokens and meme coins might dilute the market, where altcoins could not hold onto their value.

Besides, the current regulatory environment further adds uncertainty as the SEC also took an action against Ripple and this will have two effects either restricting or boosting their growth depending upon the outcomes of these regulations.
Therefore, in spite of this promise of altcoins, the overall market remains somewhat unpredictable.

Conclusion While strong indicators point toward an Altseason, the timing is still not certain. One should be vigilant, aware of the happenings, focus on value-driven projects such as Ethereum, and keep the market volatility in mind.
Time will only tell if this year will witness an Altseason of a big upsurge for altcoins.

#Altseason #Altcoin #cryptocurreny #CryptoMENA #cryptonewstoday

The Shiba Inu (SHIB) market and the rest of the cryptocurrency community have been eagerly waiting for the meme coin to hit 1 cent. But reaching this peak seems nearly impossible given its current price levels.
Amidst this, the community is yearning for burns of higher magnitudes. Despite being started as a joke, SHIB’s rising utility has always put the network under the spotlight. This could further act as a catalyst for the asset’s price growth in the long term. The second-largest meme coin started the month on a slow note. But the asset could witness a rise over the next few months.

Shiba Inu Slides Down
The popular meme coin recorded a major downfall since the beginning of the month. SHIB fell to a low of $0.00001954 following a 12% drop. During the time of writing, Shiba Inu was trading at $0.00002035. This came after the asset recorded a slight surge of 2.18% over the past 24 hours.
Currently, SHIB is 77% below its all-time high of $0.00008845. Shiba Inu attained this high back in the year 2021. While the 1-cent mark is far from reach, the community is hoping to see the asset delete a zero.

Q1 Price Prediction
According to data from CoinCodex, this quarter is expected to be quite moderate for the cryptocurrency. Shiba Inu is slated to end January on a great note as it is expected to trade at a high of $0.00004366.

This marks a staggering 113% rise from its current price chart. Sadly, this uptrend will be cut short. In the last two months of the quarter, which are February and March, SHIB will trade at a maximum price of $0.00002001 and $0.00001988, respectively.
While this isn’t a very bullish prediction, the community hopes to record better gains over the next few quarters of the year.

#Shibalnu #SHIB #memecoin #cryptocurrencies #cryptonewstoday

Prominent crypto analyst Ali Martinez asserts that a #Dogecoin ETF will send DOGE price to double-digit price levels.

Read more on: https://thecryptobasic.com/2025/01/24/dogecoin-etf-will-send-doge-price-to-15-analyst/
#cryptonewstoday

With the rescinding of SAB121 by the SEC, which all but stopped banks collaborating with crypto companies, this, together with other regulatory changes, sets the scene for the Bitcoin industry to innovate and grow like never before. The $BTC price is back above $105,000.

The tide is turning
The tide is turning, and the crypto industry is about to move into a golden age of nurturing and support in the United States, which only a short time ago was the complete opposite situation. Now that Donald Trump is in office, the political machinery of Washington D.C. is moving faster than anyone thought was possible, and Bitcoin and crypto are among the beneficiaries.

SAB121 is rescinded – good riddance?
The SAB121 rule was brought in by a Securities and Exchange Commission (SEC) that worked closely with the Biden administration to stifle the possibility of banks collaborating with crypto entities.
The rule obliged banks that were holding crypto on behalf of a client to record the asset as a liability on the balance sheet. This made it impractical for banks to offer cryptocurrency custody services.

SEC Chairman Gary Gensler was said to be heavily biased against crypto. He always maintained that the existing finance regulations were sufficient to regulate the crypto industry properly.
However, when he introduced the SAB121 rule, it was seen by many as a sign of hypocrisy, given that he was showing he was open to new rules, but only if they went along with his bias.

CBDCs are banned
Among the many pro-crypto executive orders signed by President Trump was a complete prohibition of Central Bank Digital Currencies (CBDCs).
This technology would give complete control over money to the central bank. With this order, the President is committing the US to go down the path of decentralised money.

$BTC sideways consolidation before breakout
The short-term time frame for $BTC shows that the price is continuing to consolidate above the wedge formation. Two good support levels are underneath the price, at $102,700, and further below at $101,300.

A triangle pattern looks to be forming, although there are only two touches of the top trendline so far. Three would be needed to confirm the pattern. 
As the price action moves sideways and becomes more restricted by the converging trendlines a breakout to the up or downside will take place. Given that the trend is up, an upside breakout is more likely. If it is to the downside, the horizontal supports are not far below.

RSI shows that bulls still have a lot to do
The weekly time frame is showing a clear breakout of the wedge with a perfect confirmation. With three days left in the week, the support at $101,300 looks as though it should hold. Having said that, very high volatility in the price could make this a lot more precarious in a very short amount of time.

Looking at the bottom of the chart, the Relative Strength Index (RSI) has the indicator line pointing upward, signalling that buying is strong. However, it is about to move into overbought territory. This is generally fine, given that this indicator normally does go into the high 80s or 90s at the end of bull markets.
In this instance, not only will the indicator need to pierce through the descending trendline, but it will also need to get above both the previous overbought tops in order to nullify the potential for bearish divergence. 

#bitcoin #BTC #CryptoMarket #cryptocurrencies #cryptonewstoday