•Cathie Wood, CEO of ARK Invest, said on CNBC on Thursday that the price of Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, could reach $1,500,000 by 2030 in a bullish scenario. , raising its estimate by 50% from the previous forecast of $1 million. •"We believe the upside potential has increased with the SEC approval. This is a green light," Wood said on CNBC. •On Wednesday, Bitcoin ETFs were finally approved in the US after a decade of trying. The Securities and Exchange Commission gave the green light on Wednesday to major filings from markets seeking to list leading products. •Cathay also confirmed that a bear case would see the price rise to $258,500 and a base case of $682,800. •Ark Invest is among the asset managers approved by the Securities and Exchange Commission to offer bitcoin ETFs, which began trading on Thursday. On Thursday, Bitcoin briefly surpassed $49,000 for the first time since December 2021. However, it has given up all of its previous gains and is now trading near $46,000. •Cathy is not the only one who expects a huge jump in Bitcoin prices. Standard Chartered Bank recently predicted that the price of Bitcoin could rise to levels closer to $200,000 by the end of 2025, comparing the Bitcoin exchange-traded fund (ETF) to the first gold-backed fund in the United States, which was launched in November 2004. After this launch, the The price of gold more than 4 times over the next 7 years. •Meanwhile, US-listed Bitcoin exchange-traded funds saw $4.6 billion worth of shares traded as of Thursday afternoon, as investors began trading in funds approved by the US Securities Commission on Wednesday. •The products represent a watershed moment for the cryptocurrency industry that will test whether the digital asset — still viewed as risky by many professionals — can gain broader acceptance as an investment. •Eleven bitcoin ETFs — including BlackRock's iShares Bitcoin Trust (NYSE:BLK), Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others — have begun trading, creating fierce competition for market share. •"Trading volumes have been relatively strong for new ETF products. But this is a longer race than just one day's trading," said Todd Rosenbluth, strategist at VettaFi. •Some executives have described bitcoin as a high-risk investment, and Vanguard, the largest mutual fund provider, said it has no plans to make the new batch of spot bitcoin ETFs available on its platform to its brokerage clients. •The SEC had previously rejected all spot Bitcoin ETFs due to investor protection concerns. SEC Chairman Gary Gensler said in a statement on Wednesday that the approvals were not an endorsement of bitcoin, calling it a “speculative and volatile asset.” •The regulatory approval has sparked intense competition for market share among issuers, some of which have cut fees for their products to well below the U.S. ETF industry standard even before their launch on Thursday. •Fees on new Bitcoin ETFs range from 0.2% to 1.5%, with many companies also offering to waive fees entirely for a certain period or for a certain dollar volume of assets. After the ETFs began trading, Valkyrie reduced its fees for a second time to 0.25% and waived them for the first three months. •Estimates of the amount of spot Bitcoin ETFs vary widely. Analysts at Bernstein estimated flows would gradually build up to exceed $10 billion in 2024, while Standard Chartered analysts said this week that ETFs could attract between $50 billion and $100 billion this year alone. Other analysts said flows could reach $55 billion over five years. •As ETFs began trading on Thursday, market participants were closely monitoring the bid-ask spreads: the difference between the price at which a trader buys an ETF and the price at which it can be sold. ETFs with tighter spreads are typically viewed as more desirable. •Some analysts warned that the euphoria surrounding the approval may be premature. The broader investment community still views cryptocurrencies as risky, with scandals such as the collapse of cryptocurrency exchange FTX in 2022 adding to investor anxiety. •Speaking at a webinar on Thursday, Sharmin Mosaffar Rahmani, head of the investment strategy group and chief investment officer of Wealth Management at Goldman Sachs, said cryptocurrencies have no place in an investment portfolio. •However, some expect the products to pave the way for more innovative cryptocurrency ETFs, including Ethereum spot products. $BTC $ETH #stay tuned More news 💯🔥✅

•You encounter Binance, a leading cryptocurrency trading platform. A 5% decline in market share in 2023. However, despite challenges caused by regulatory events and the resignation of CEO Changpeng Zhao. The trading platform has managed to maintain its dominant position. While the cryptocurrency trading platform is witnessing intense competition from OKX and Bybit as they recorded an increase in their market share. •Binance maintains first place despite a significant decline in market share. However, Binance is still the largest cryptocurrency trading platform in the world. It ended the year with a market share of about 50.4%. A decrease of 5.5% from 55.9% recorded at the beginning of the year. This drop in market share is due to the conclusion of Binance's no-fee trading promotion in March. According to the latest report by Token Insight, a prominent cryptocurrency research firm. •Moreover, the subsequent legal audit. Including a 27-page lawsuit filed by the SEC in June. That could have made it worse. However, the report also highlighted Binance's resilience as its market position faced severe turmoil following CZ's departure. Its market share fell to 32%. But it stabilized quickly and gradually rose again to above 45% by the end of the year. •On the other hand, OKX and Bybit have expanded their presence in the market. OKX and Bybit saw their market shares increase by 4.3% and 2.2%, respectively. OKX ranked second with a market share of 15.7%. While Bybit ranked third with a market share of 11.6%. Meanwhile, Binance maintained its position as the top trading platform with a 53.7% share in spot and derivatives trading. •How have Coinbase (NASDAQ:COIN) and other competitors fared? The Token Insight report also confirmed Coinbase's improved performance in the market. Despite the slight decline in trading volume during the second and third quarters. Coinbase trading volume rebounded by the end of the year. Hence, trade volume exceeded its levels at the beginning of 2023. •While Gate.io, another cryptocurrency trading platform, has emerged. With the listing of 362 new tokens in 2023. Bringing the total number of tokens listed to 1,871. This exceeded the number of tokens listed on other centralized trading platforms. •In the derivatives market, the top 10 trading platforms saw a significant increase in open interest. The amount of open interest reached $35 billion by the end of 2023. This reflects a growth of 60% compared to the beginning of the year. Moreover, it led cryptocurrency trading platforms like Bitfinex. and Kraken, Deribit, and Bybit growth, each recording an increase of more than 100%. #StaySafeCrypto #stay tuned More crypto news ✅🔥♥

•Bitcoin has lost 15% from its peak that followed the launch of Bitcoin exchange-traded funds last week, with outflows of $1.5 billion from the Grayscale Bitcoin Trust, a figure mentioned by a report from JPMorgan (NYSE:JPM) in a report published yesterday, Thursday. .•Nicholas Panigirzoglou, lead analyst at JPMorgan, said: “GBTC investors who have been buying a GBTC fund over the past year at a significant discount to NAV to put into Bitcoin funds in their final form, appear to have captured the full profit after converting to the ETF via... Exiting the Bitcoin space entirely.” •Before it was listed in an exchange traded fund (ETF) from a trust, GBTC was one of the only ways for US stock traders to get exposure to Bitcoin price movements without having to buy the actual cryptocurrency. This made it the largest regulated Bitcoin fund in the world by AUM.•The bank had previously estimated that up to $3 billion was invested in GBTC in the secondary market during 2023 to exploit the fund's discount on net asset value. If this estimate is correct, and given $1.5 billion has already exited, there could be an additional $1.5 billion to exit the space via profit taking on GBTC, which will put further pressure on Bitcoin prices in the coming weeks. •These outflows are also pressuring GBTC to lower its fees, the report said, adding that “GBTC's 1.5% fee is still very high compared to other spot Bitcoin ETFs that risk more outflows.” •“More capital, perhaps an additional $5 billion to $10 billion, could exit GBTC if its liquidity advantage is lost,” JPMorgan warned. As of Friday, GBTC is the most expensive ETF among its peers, with some charging zero fees for the first six months or until a certain assets under management (AUM) target is reached. •JPMorgan says other spot bitcoin ETFs, excluding GBTC, attracted $3 billion in inflows in just four days, and this is similar to inflows seen during previous bitcoin product launches. •Most of these $3 billion inflows reflect rotation from existing Bitcoin instruments such as futures-based ETFs, the report added. $BTC #stay tuned More crypto news 💯✅🔥

•11 exchange-traded funds for spot Bitcoin trading (spot Bitcoin ETF) were recently able to obtain regulatory approval, sparking an intense struggle between asset management companies, as Mike Novogratz, CEO of Galaxy Digital, predicted. And one of the well-known figures in the crypto sector - there is intense competition between Invesco (NYSE:IVZ), BlackRock, and Fidelity for dominance in the market. •In his conversation with CNBC news channel, Novogratz confirmed that there is no unified formula in the sector of exchange-traded funds for digital currencies, explaining that the attempt to win the battle to control this emerging market depends on several factors, including the implementation mechanism, liquidity, and hidden fees, and does not depend only on reducing spending rates. . •Galaxy Digital, where Novogratz is CEO, partnered with Invesco to launch its own ETF, so Novogratz has direct experience in this area. •Novogratz continued, saying: “Granting regulatory approval for the establishment of 11 Bitcoin spot trading funds during this week led to the start of an intense competition between companies on Wall Street to attract the largest number of clients, with the possibility of two or three asset management companies winning this battle in the long term.” “; Novogratz also highlighted the intense struggle between companies to attract investors. •Invesco, BlackRock, and Fidelity are seeking to secure the largest share of the market. Although he refrained from providing a clear prediction about who will win in this competition, Novogratz believes that each of Invesco, BlackRock, and Fidelity summarizes the main competitors in the confrontation taking place in the crypto sector, as these giant entities prepare to To control a large share of this growing market. On the other hand, Novogratz stressed his firm belief that the price of Bitcoin will rise in the future, and he also expected its value to increase further, given the continuing decline in its issuance rate. •On the other hand, many long-term owners of Bitcoin (BTC) are reluctant to sell their holdings, which has led to a decrease in the number of currencies available for trading and an increase in the possibility of an increase in their price. •Novogratz's statements intersect with the opinion that the culture of owning Bitcoin differs from that of traditional assets, and the upcoming halving will further reduce the supply of Bitcoin, which will further increase its price. •However, Novogratz, who is well-versed in the crypto sector, stressed the importance of exercising caution, as he pointed out that the rise in the price of Bitcoin may make it a safe haven for investors from the turmoil witnessed in the global economy, but its rise comes - partly - as a reaction to governments pumping large amounts of money into... Their economies and the rise in government debt in general. •Novogratz also pointed out that the current direction of governments may indicate widespread economic challenges that the world is preparing to face soon. •SEC Member Expresses Concerns Regarding Bitcoin ETFs Despite SEC member Mark Uyeda's vote to approve the creation of Bitcoin ETFs, he has publicly expressed reservations about how the SEC decided to make the decision. . •Committee member Ueda played an important role in completing the approval process, and he did not hide his support for the requests to create a Bitcoin ETF, but he made clear his concerns about the analytical methodology adopted by the SEC to reach its final decision. •“The SEC’s flawed logic in making the decision to approve the creation of a spot Bitcoin ETF may have repercussions that will last for years to come,” Ueda expressed his opinion, adding that his concerns stem from, in his opinion, the SEC missing the opportunity to treat Bitcoin similarly to other commodities. . •Diving into the details of his criticism, Ueda pointed out that the SEC has long treated Bitcoin ETFs in a distinctive way by evaluating them based on the “importance of their size” in an unprecedented manner, a standard that - in his opinion - these funds should have passed long ago. •Ueda explained that the SEC's treatment of the aforementioned funds is in stark contrast to how it views exchange-traded products in the form of Bitcoin futures ETPs according to the same test. $BTC $ETH #stay tuned More news and details ✅

•In a strategic move amid regulatory challenges, Brad Garlinghouse announced... Ripple CEO announced the suspension of plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment. Garlinghouse revealed that Ripple has explored alternative markets for its IPO. Pointing to jurisdictions with clearer regulatory frameworks. •At the same time, this decision raises questions about the future path of Ripple and its possible listing. Due to the ongoing legal battle with the US Securities and Exchange Commission (SEC). •Ripple CEO, Brad Garlinghouse, reveals a plan to go public despite previous indications that Ripple intends to go public in the United States after resolving the lawsuit filed by the Securities and Exchange Commission. Brad Garlinghouse revealed to CNBC at the World Economic Forum in Davos that the company had explored international markets due to perceived hostility from the US regulator. In other words, Garlinghouse expressed reluctance to pursue an IPO in the United States. He highlighted actions taken by the SEC against companies like Coinbase (NASDAQ:COIN). Which faced legal challenges despite the S-1 approval. •Meanwhile, Brad Garlinghouse, CEO of Ripple, expressed. He expressed concerns about the difficult US regulatory landscape, expressing reluctance to float approved S-1 shares amid a hostile regulatory body. Notably, his statements highlighted the enormous obstacles faced by cryptocurrency companies in the United States. •Additionally, Brad Garlinghouse's criticism extends to the Securities and Exchange Commission. With particular disapproval of its president, Gary Gensler, who described it as a “political liability.” This sentiment underscores the tense relationship between cryptocurrency entities and US regulatory authorities. Navigating the regulatory terrain has proven to be a daunting task. It is likely to impact the growth and development of the cryptocurrency industry. •IPO and share buyback vision Although immediate plans for a US IPO have been paused, Garlinghouse emphasized keeping the option open. Notably, he hinted at the possibility of reconsidering once new regulators take office at the Securities and Exchange Commission. •Additionally, the CEO noted that going public is not an immediate priority for Ripple. This suggests a cautious approach given the regulatory uncertainty. Meanwhile, Ripple's recent share buybacks are in line with its commitment to shareholder liquidity and providing value to long-term investors who have been part of Ripple's journey since 2012, the report added. •To quote the words of Brad Garlinghouse: “You know, shareholder liquidity is important to me. We have investors who first invested in Ripple in 2012. They've been in this deal for eleven and a half years. Therefore, we want to provide that liquidity. “It’s one of the reasons we are doing these tender offers.” •At the same time, as the cryptocurrency industry faces evolving regulatory dynamics. The strategic decisions taken by Ripple, including stopping the IPO and buying back shares. It underscores the challenges and uncertainties companies face in navigating the regulatory landscape. The cryptocurrency community will be closely monitoring Ripple's next moves while evaluating its options in a rapidly changing regulatory environment. $XRP #stay tuned More digital currency news 🔥💯

•Ethereum (Ethereum-ETH) price expectations remain bullish as its price stabilizes above the $2,500 level despite increasing uncertainty about the market's near-term future. The price of ETH rose to its highest levels since May 2022 last week to trade above the $2,700 level. . •This rise was supported by a wave of optimism due to the approval of the establishment of Bitcoin spot ETFs in the United States, along with optimism resulting from expectations that similar funds for Ethereum spot trading will see the light by May of this year. However, the market quickly gave up its gains due to investors' reaction of "buy when the rumors spread, sell when the facts emerge." •Since then, the price of Bitcoin (BTC) has fallen from two-year highs of $49,000 to its current levels near $42,000 as a result of a wave of profit-taking. At the same time, Ethereum was trading around the $2,520 level, down about 7% from its highest levels last week. •Traders' anxiety has increased as a result of increased profit-taking, which could continue to pressure prices in the near term, but the Ethereum price has so far managed to consolidate above an important support level, which may indicate its strength in the near term. •Is ETH price holding above a major support level a sign of its strength? •The price range between 2,400 and 2,450 constitutes a major support area for the Ethereum price. Over the past four days, the bulls have been desperately defending this support area. •Chart of the price of Ethereum currency - Source: TradingView Although there is no guarantee that this situation will continue, this - at the present time - indicates the strength of the price in the near term. Indeed, chart analyzes indicate that after the price breaks the long-term resistance level to the upside and maintains its position above the $2,100 and $2,150 area, the price is on its way to testing the resistance area at $3,500. •Ethereum price chart - Source: TradingView Moreover, Ethereum has many positive scenarios during 2024 that may contribute to raising its price, including the upcoming network update that will enhance its scalability, its spot trading funds, and the Federal Reserve’s reduction in interest rates. •The continued contraction of its supply could also help increase activity on the network and thus increase its price as well, which will increase participation in Ethereum staking operations, which usually results in the removal of Ethereum coins (at least temporarily) from the circulating supply. Indeed, traders should not rule out the possibility of ETH reaching all-time highs this year above the $5,000 level. $ETH #stay tuned More news

•The currency is currently listed and its price is about 5. cents. The currency follows one of the Bitcoin currency projects. The registration method is very easy. After registration, you get daily points by linking the wallet to the site and following the currency on Twitter. Also, for every referral you get 10 points daily. Airdrop is real and very popular on social media. Link to register at Website 👇👇•https://app.brcapp.com/account/sign-up?r=salemhamidi The currency contract on the BNB Smart Chain network 👇👇•0x455ad1Bc4E18fD4e369234b6e11D88acBC416758 #stay tuned More ✅#salemhamidi

•Raised by Chitoshi Kusama, the main developer of the Shiba Inu. Massive optimism about the SHIB cryptocurrency swept across the broader cryptocurrency market on Wednesday following the unveiling of important project development plans boosted by the meme cryptocurrency community. According to Kusama's latest post on social media platform. •Meanwhile, with the ad appearing today. The price of SHIB also seems to have seen a rapid jump. However, at the time of writing, the price of SHIB declined briefly. Which led to additional conclusions for the meme currency. •Kusama Highlights Collaboration with D3 Inc According to Kusama's recent statement, the Shiba cryptocurrency community is working alongside D3 Inc. It is a domain company, to conquer the Internet by applying for a TLD (Top Level Domain) “.SHIB”. It is worth noting that the project looks to take advantage of the modern Web2 infrastructure. Which increases the popularity of the currency around the world. •In line with this, Kusama also highlighted the huge rise in the number of internet users over the past year. This contradicts the total number of users in the cryptocurrency market. Regarding this matter. The SHIB community is now considering creating a domain that works natively with important online tools. Including web browsers and emails, which increases optimism about SHIB token. At the same time, the Shiba cryptocurrency community is moving forward further by raising the SHIB token through a new domain building saga. •In addition, the lead developer of SHIB emphasizes how users often use domains even when navigating through the Web3 world. Concurrently, Kusama drew attention to the potential “.SHIB” domain, sparking enormous curiosity among related industries. •Moreover, once the project is successfully started. Users will be able to use a domain. SHIB for a variety of purposes. Including hosting a website, blog, online stores, sending and receiving emails, among many other things. •Nowadays, Web3 domains such as. crypto and .eth are not able to use Web2 tools because they work independently. Without DNS (Domain Name System). However, with the advent of . SHIB, the Shiba inu community is all set to emerge as the first ecosystem to bridge Web2 and Web3 interoperability with DNS. $SHIB #stay tuned Of breaking news 💯