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Ripple CEO Brad Garlinghouse has emphasized that a decision from BlackRock to introduce an XRP exchange-traded fund (ETF) would “make sense” for the XRP community.
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"SEC Has No Jurisdiction Over Most Memecoins," Says SEC Commissioner
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Shytoshi Kusama, the #shiba⚡ Inu lead developer, has hinted at upcoming developments following the recent collaboration with a government entity. Kusama made this remark during a recent X Space titled “Trust Talks #4: Are Meme Coins Here to Stay?” The popular self-custody crypto wallet Trust Wallet hosted the session. Alongside Shiba Inu’s official X handle, the event also featured other prominent figures from the crypto space, including the official Floki account. The session attracted 18,700 community members. During the live session, the co-host asked Kusama how the Shiba Inu ecosystem leadership is working to keep the community engaged and maintain its enthusiasm, given the intense competition in the meme coin space. How Shiba Inu Keeps the Spirit Alive and Ever-Burning In response, Kusama emphasized that SHIB is fundamentally different from other meme projects. “SHIB is a different beast altogether,” he said. He explained that within the Shiba Inu community, the focus has been on developing the best technology to empower the network state efficiently. He pointed out that SHIB declared its sovereignty a year ago. Accordingly, the current goal is to build all the necessary technology for the network state to function. This is to ensure the community’s survival, not just for a cycle but for the next 100 years. “By positioning ourselves as a state and creating the technology needed for that state to operate, we are able to build a powerful operating system,” he said. Kusama further explained that this approach enables anyone, anywhere in the world, to transition from Web2 to Web3. Furthermore, he noted that this strategy is not only laying a foundation for the Shiba Inu community to thrive but also creating something that the world can use at large. According to Kusama, this sets Shiba Inu apart in the meme coin space. He emphasized that it’s not just about the hype. Notably, the hype will naturally follow as long as the community continues to create something with real utility. #CryptoNewsCommunity
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"Ethereum Skyrockets to $2,600—Are Whales Secretly Preparing for a $3,000 Breakout?"
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After a quick pullback of 2.74% in #Bitcoin prices over the past 24 hours, BTC has returned to trading at $95,500. Currently taking support at the psychological level of $95,000, this sudden pullback has resulted in market liquidations exceeding $200 million. With Bitcoin back at the $95,000 crossroads, concerns of a major crash are resurfacing on the charts. Will the BTC price fail to hold its bullish momentum, or is this the ideal time to buy the dip? Bitcoin Price Analysis Reveals Retest at Hand On the daily price chart, Bitcoin shows a failure to reach the 50% Fibonacci level at $98,949, resulting in a quick reversal from the upper Bollinger Band near $98,200, forming an evening star pattern. Since the quick pullback reached the 38.20% level near $97,000, BTC has retested the $95,000 level. Taking support slightly above the 23.60% Fibonacci level, Bitcoin is now consolidating near the lower Bollinger Band. The quick downfall comes as a potential retest of the recently broken resistance trendline. However, the intensity warns of an extremely slippery slope for Bitcoin bulls. A close below the 23.60% Fibonacci level could increase the likelihood of BTC price falling to the $90,000 range. On the other hand, the chances of a recovery are indicated by the SMI Ergodic Indicator. With a bullish divergence in the SMI lines, the indicator also hints at a potential bullish crossover. Furthermore, the SMI lines are fluctuating near the zero line after a significant dip into negative territory. This reflects a notable recovery in bullish strength and signals a potential bounce back. #CryptoNews🚀🔥V
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Goldman Sachs has reported holding $1.558 billion worth of #Bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity. The firm disclosed this figure in a recent 13F filing with the SEC. The filing, covering the fourth quarter of 2024, details significant increases in Bitcoin ETF positions as of December 31. The latest data highlights Goldman Sachs’ growing exposure to crypto-related investment products. Goldman Sachs Expands Bitcoin ETF Holdings The filing shows that Goldman Sachs held $1.27 billion in BlackRock’s iShares Bitcoin Trust (IBIT), translating to 24,077,861 shares. This represents an 88% increase in IBIT shares compared to the previous quarter’s filing. Additionally, the firm reported $288 million in Fidelity’s Wise Origin Bitcoin Trust (FBTC), equating to 3,530,486 shares. This also reflects a 105% rise in holdings from the prior period. While these positions grew substantially, the report also indicated that smaller Bitcoin ETF holdings were either reduced or closed. Moreover, Goldman Sachs disclosed an IBIT call position valued at $157 million, alongside IBIT and FBTC, put options worth $527 million and $84 million, respectively. BlackRock’s IBIT Leads Bitcoin ETF Market Notably, BlackRock’s IBIT ETF has maintained its position as the leading Bitcoin ETF by inflows, accumulating $40.87 billion in assets. The fund has significantly outpaced competitors, with Fidelity’s FBTC holding $12.6 billion and Ark Invest’s Bitcoin ETF managing $3.0 billion. Market activity in late January reflected strong investor interest, with IBIT recording inflows of $321.5 million on January 30 and $363.8 million on January 31. Minor outflows were observed on January 29, totaling $28.4 million, and on February 6, with zero net inflows. Despite these fluctuations, IBIT has continued to attract substantial institutional participation. #Cyptonews
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