🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Quick update on the altcoins; Most of you are confused and feel like you missed out on the exponential moves on the altcoins but in fact the real party hasn't even started yet. Majority of the altcoins despite of their vetical price explosions are still in the bear market territory. It will take a little while longer for the altcoins to start moving. Therefore, do not panic and don't feel like you are left out. However, keep in mind, this cycle is different and might end up very confusing for the majority of the retail investors this time around.""""
""▶ Alex Thorne of Galaxy believes that the SEC is in search of a "golden mean", trying to "whitewash" Ethereum from the status of a security
The value of Ethereum has skyrocketed. This came after Bloomberg analysts reported that the probability of ETH_ETF approval has increased to 75%. "The SEC is said to be ready to make a 180-degree turn [in its decision on fund approvals]," Eric Balchunas, an ETF market analyst at Bloomberg, wrote on his Web X page.
He and James Seyffarth have previously been key sources on BTC-based spot funds. Analysts predicted their SEC approval and launch earlier this year. Even recently, many cryptocurrency market participants doubted that the regulator would give its approval in the near future to launch ETFs for Ethereum, but the situation has changed.
The price of ether crossed the $3,500 mark for the first time since April 1 when the new information emerged. Within 24 hours, Ethereum was up nearly 20%. Earlier, the launch of bitcoin_ETF on the background of high investor demand caused an inflow of funds to the crypto market and turned out to be one of the prerequisites for the growth of the rate of the digital asset this year. Several firms, such as BlackRock and Fidelity, have been waiting for approval of "ethereum" exchange-traded funds since as early as 2023.
According to Coindesk, the U.S. Securities and Exchange Commission has reached out to crypto exchanges that will be working with Ethereum-ETFs. The SEC has asked to promptly update the registration forms for ether-based spot funds. It is the approval of these forms that is expected this week.
At the same time, the regulator must approve issuing firms' S-1 filings in order to launch an ETH_ETF. In this context, the SEC has no deadline, meaning the process could drag on for however long it takes.
According to Galaxy's Alex Thorne, the US regulator is in search of a "golden mean", trying to "whitewash" ETH from the status of a security. What do you think about this!!!!!