XRP Coin's surge indicates strong market interest and potential growth. Bitcoin's stability may pave the way for altcoin rises. Continue Reading: Surging XRP Coin Challenges Ethereum as Bitcoin Stabilizes Around $99,000 The post Surging XRP Coin Challenges Ethereum as Bitcoin Stabilizes Around $99,000 appeared first on COINTURK NEWS .
The shifting dynamics of global finance are increasingly influenced by the potential unwinding of the yen carry trade as the U.S. presidential inauguration approaches. The Bank of Japan’s (BoJ) anticipated
Nasdaq has submitted a 19b-4 form to the U.S. Securities and Exchange Commission (SEC) for the proposed Canary Litecoin ETF. This filing, made on behalf of Canary Capital, starts the official review process for the approval of a spot Litecoin exchange-traded fund (ETF). The submission is a crucial step in the regulatory process and could pave the way for Litecoin to join Bitcoin and Ethereum as the next cryptocurrency with an approved ETF in the United States. Nasdaq Files 19b-4 for Canary Litecoin ETF The 19b-4 form was submitted by Nasdaq on January 16, following Canary Capital’s amended S-1 filing earlier in the week. These two filings consequently fulfill major requirements for the SEC’s review of the ETF proposal. According to the submission, U.S. Bancorp Fund Services, LLC will act as the fund administrator, with U.S. Bank N.A. overseeing custody of the ETF’s cash. Coinbase Custody Trust Company LLC will be responsible for safeguarding the Litecoin held by the fund. The 19b-4 filing is a necessary document submitted by exchanges to initiate the SEC’s formal approval process for ETFs. This filing, as a result, now starts the official 240-day review period for the SEC to approve, reject, or request additional information about the application. Bloomberg Senior ETF Analyst Eric Balchunas subsequently described the filing as a “positive sign” in a recent post on X, suggesting that Litecoin could be the next cryptocurrency to gain approval for a spot ETF. This Is A Breaking News, Please Check Back For More The post Breaking: Nasdaq Files 19b-4 for Canary Litecoin ETF Amid Approval Speculation appeared first on CoinGape .
A strategic bitcoin reserve has been a large part of the crypto discussion ahead of Donald Trump's inauguration, but does the incoming 47th president have other tokens on his mind? Solana's SOL , Ripple's XRP and Hedera's HBAR are among the altcoins outperforming on Thursday, in part thanks to a NYPost report that Trump was "receptive" to the idea of creating an "America-first strategic reserve" of tokens including SOL, XRP and Circle's USDC stablecoin. SOL jumped over 8% to $217 following the report, while XRP continued this week's advance to hit $3.35, just shy of its 2018 record price, per data source CoinGecko . HBAR, the native token of the Hedera Hashgraph network founded by the pseudonymous Texas-based firm, wasn't mentioned in the story, but rallied more than 10% to its strongest price since early December. That's led the CoinDesk 20 Index to a 5% gain over the past 24 hours, sharply outperforming bitcoin's 0.5% rise to just shy of $100,000. Anticipation among crypto investors is building for Trump's inauguration next week, and the potential announcement of first-day executive orders focusing on the digital asset industry. Trump promised during the campaign to position the U.S. as a leader in the crypto space including creating a national stockpile of bitcoin. Senator Cynthia Lummis also introduced the BITCOIN Act in July proposing to acquire the 5% of bitcoin's supply, while some U.S. states are also exploring or have put forward legislation to create a reserve for the asset. Not so fast While some token holders might be salivating over the idea of the government buying cryptos other than bitcoin, market observers raised concerns. "This is a ridiculous idea and will never happen," Quinn Thompson, founder of hedge fund Lekker Capital, said in an X post . "It's not the government's place to be making venture capital bets on altcoins," Thompson elaborated to CoinDesk. "This rumor of a strategic reserve for other, non-BTC coins is another example of where people are taking what otherwise is a bad idea and running with it as fact." Anthony Georgiades, general partner of investment firm Innovating Capital, said while it's "extremely positive" to promote U.S.-based innovation, the potential "nationalization of digital assets" could weaken efforts to decentralize blockchain economies. "As it stands today, there's truly only one token that is sufficiently and purely decentralized and that is bitcoin," he said in an interview on the CoinDesk Markets Daily show. "These other projects all have the foundational strengths and ability towards a path to that level of decentralized ethos. This nationalization of digital assets might potentially weaken those efforts over time."
The BONK price movements have brought it close to a critical support level, and its reaction could make or break its price trajectory from there. A detailed technical analysis on the TradingView platform suggests that the cryptocurrency’s current setup could lead to either a bullish breakout to retest its all-time high at $0.00005825 or a further decline below $0.00001497, depending on how price action unfolds in the coming days. Descending Channel And Double Bottom Pattern For BONK Meme cryptocurrency BONK has largely been trading within a descending channel for the past three months, which has been characterized by the formation of lower highs and lower lows on the daily candlestick timeframe chart. This descending channel pattern kickstarted after BONK reached a new all-time high of $0.00005825 on November 20, 2024. Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers As noted by the analyst on TradingView, the BONK price is currently showing signs of a healthy retracement after rejecting at a lower high within the descending channel. This retracement has now seen the meme coin at a critical support zone around $0.000026 within the descending channel. Interestingly, the retest of this support zone hints at the possibility of a double bottom pattern, as the price chart shows BONK had bounced off this zone on December 20, 2024. The double bottom is the bullish scenario for the BONK price. However, the analyst highlights that confirmation on lower timeframes is essential for this double-bottom scenario to materialize. Specifically, a bullish Internal Change of Character (I-CHoCH) within the current support zone would signal that buyers are re-entering the market, which would increase the likelihood of a breakout from the descending channel. Key Price Levels To Watch For BONK Price The $0.000026 level is highlighted as a critical support level to keep an eye on in the coming days to see how it eventually plays out for BONK. Should BONK manage a rebound from this level, the first step toward a sustained bullish move would be to break above the upper trendline of the descending channel, which would be anywhere between $0.000030 and $0.000031. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target Upon confirming the breakout, the analyst identified several resistance levels that BONK would encounter on its path to a new all-time high. These levels include $0.00003657, $0.00004754, and a strong resistance point at $0.00006340. However, the analyst also points out that there remains a risk of further retracement or even panic selling, especially if BONK fails to exhibit bullish confirmations through an I-CHoCH in the lower timeframes. This scenario could cause a break below $0.000026 to reach another strong support zone, where a similar I-CHoCH confirmation would still be necessary to validate a potential bounce. Without these confirmations, the bullish outlook could be invalidated. At the time of writing, BONK is trading at $0.00002863 and is up by 5% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
Why Web3Bay Could Dominate the Upcoming Altcoin Season in 2025 – Over 220M Tokens Sold In a Few Days Bitcoin recently shattered expectations by soaring past $107,000 – yet its primary use case remains as a store of value. Now, a rising project called Web3Bay (3BAY) could expand crypto’s real-world utility by reshaping global e-commerce. During its presale, Web3Bay has exceeded 220 million tokens sold, sparking considerable attention and excitement. In this article, we’ll explore why Web3Bay might be a breakout star in the next altcoin season, and how it could create serious buzz in the market. E-Commerce Innovation: Why Web3Bay Might Be the Spark? Although Bitcoin has proven its worth as digital gold, it’s less practical for day-to-day spending or complex transactions. Web3Bay aims to change this dynamic by merging crypto with online retail in a simple, user-friendly way. The platform’s goal is to make global e-commerce more accessible—removing high fees and cumbersome banking requirements. Thanks to its hybrid payment system, merchants on Web3Bay can accept both fiat and crypto seamlessly. This could drastically reduce costs and transaction times, giving businesses and consumers a faster, cheaper alternative to traditional e-commerce platforms. With a presale already surpassing $730,000, Web3Bay’s momentum is hard to ignore. The token’s discounted rate during the early stages has fueled investor interest, and once fully launched, it could introduce millions of new users to crypto-based shopping. By combining ease of use with cross-border functionality, Web3Bay is poised to ignite the next phase of crypto adoption—making online shopping an inclusive experience for anyone with an internet connection. How Web3Bay’s Security Measures Build Trust and Reliability Security is a top concern in the crypto world, and Web3Bay tackles this head-on with a robust protocol designed to protect both buyers and sellers. The platform’s smart contracts facilitate transparent, automated transactions—minimizing the risk of fraud and reducing reliance on centralized intermediaries. Under the hood, Web3Bay employs multi-signature wallets and thorough audits to uphold best practices. Whether you’re listing products or purchasing items, each transaction is recorded on the blockchain, ensuring an immutable record of buyer and seller activities. This level of transparency builds trust—especially important in borderless e-commerce, where users might be half a world apart. Frequent stress tests and code reviews further enhance the platform’s reliability. Web3Bay even has a roadmap for additional security features, which may include third-party certifications and expanded AML/KYC protocols. All these measures help reassure participants that their funds, personal data, and transaction details are safe. As the altcoin market grows more competitive, projects like Web3Bay that prioritize security stand out, drawing in both crypto veterans and mainstream shoppers looking for a reliable platform. How Decentralized Governance Gives More Power to Web3Bay’s Early Adopters Web3Bay doesn’t just aspire to offer a cutting-edge marketplace—it also wants to empower its community. Early adopters of the 3BAY token gain access to a governance model that lets them propose and vote on key updates. These decisions could range from new reward mechanisms and exclusive merchant partnerships to expanding into NFT or DeFi functionalities. All proposals typically start as ideas shared on community channels, where users can discuss them openly. After a period of feedback, the formal votes are executed via smart contracts. This ensures each token holder has a real say in the platform’s evolution—fostering loyalty and deeper engagement. By sharing decision-making power, Web3Bay aims to grow organically. Users who actively participate in governance feel more invested in its success, which can create a self-reinforcing cycle: a dedicated community drives the platform’s improvements, attracting more merchants and buyers, which in turn raises the token’s value. The result? A vibrant, user-led ecosystem that’s primed for long-term sustainability. Why Web3Bay Could Bring Real-World Utility to the Crypto Ecosystem One of the biggest hurdles for crypto has always been translating digital currencies into everyday transactions. Web3Bay promises a tangible use case by making crypto payments as simple as online shopping. Beyond just buying and selling products, the platform envisions NFT support, loyalty incentives, and staking options that merge traditional retail with Web3 innovations. The presale’s rapid success—over 220 million tokens sold—indicates strong enthusiasm. As Web3Bay integrates more features and opens up new presale stages, this adoption could accelerate. Imagine an e-commerce world where international sellers face minimal barriers, fees are drastically cut, and user ownership drives platform decisions. That’s the vision fueling Web3Bay’s momentum. With Bitcoin’s new all-time high sparking renewed interest in blockchain technology, Web3Bay arrives at the perfect moment to showcase crypto’s power in the real world. By solving e-commerce pain points—like slow settlements, high fees, and limited global access—Web3Bay has the potential to help the broader crypto ecosystem leap forward. It’s more than an altcoin contender; it’s a platform that could redefine how we shop online. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
U.S. Senator Cynthia Lummis has raised many questions and concerns over the U.S. Marshals Service’s decision to liquidate…
The post Avalon Labs’ Airdrop Registration Exceeds 3 Million Registrants In A Day appeared first on Coinpedia Fintech News Avalon Labs, the issuer of a Bitcoin stablecoin, announced that their airdrop registration event, which lasted just one day, attracted over 3 million registrants and 18 million page visits. Currently, Avalon Labs’ airdrop registration is still ongoing. As a leading financial infrastructure platform in the BTCFi field, Avalon Labs has surpassed a total locked value (TVL) of $2 billion. In 2024, Avalon Labs successfully completed a $10 million Series A funding round led by well-known venture capital firm Framework Ventures, further solidifying its strength in the crypto finance sector.
Bitcoin’s ( BTC ) price cycle continues to gain traction, with analysts pointing to optimistic projections for its peak in this market cycle. Notably, a recent analysis by TradingShot highlights the cryptocurrency’s consistent alignment with Fibonacci extensions , suggesting a minimum peak of $185,000. This optimistic prediction is grounded in applying Fibonacci extensions to Bitcoin’s market cycles, with a focus on the 5.0 Fibonacci level, which has historically marked cycle tops. Historical patterns and Fibonacci extensions TradingShot ’s approach measures Fibonacci extensions from the cycle’s bottom to the point where Bitcoin first makes contact with the 50-week moving average (MA50). This approach has consistently predicted Bitcoin’s peak levels across past cycles. Bitcoin price analysis chart. Source: TradingShot/ TradingView For instance, in 2013, 2017, and 2021, Bitcoin reached or exceeded the 5.0 Fibonacci level, which has become a reliable marker for identifying cycle tops. The 2017 cycle even saw Bitcoin surpass this level, hinting at the potential for even greater highs Building on this historical pattern, TradingShot anticipates Bitcoin to achieve at least $185,000 in the current cycle, aligning with its established trajectory across past bull runs. Bullish outlook: $300,000 in sight? While TradingShot ’s analysis sets a baseline, other experts predict even greater heights. Crypto analyst Van Lagen has predicted a bull market peak of $300,000 by March 30, 2025. If achieved, this would represent a 200% increase from Bitcoin’s current price, propelling its market capitalization to approximately $6 trillion. However, more conservative projections provide alternative price targets. Prominent cryptocurrency analyst Ali Martinez offers a tempered outlook, forecasting Bitcoin to reach between $115,000 and $140,000 supported by technical indicators such as a bull pennant formation and Fibonacci extensions. Broader landscape: Macro and market drivers Bitcoin’s trajectory continues to gain momentum, driven by evolving macroeconomic conditions and shifting market dynamics. The cryptocurrency recently reclaimed the $100,000 mark following the release of the U.S. Consumer Price Index (CPI) data for December. The report revealed inflation in line with expectations, while core inflation showed a slower-than-anticipated rise. These factors have boosted risk assets like Bitcoin, as they signal potential Federal Reserve rate cuts in 2025, now anticipated as early as the first half of the year. In addition to macroeconomic factors, analysts remain optimistic about Bitcoin’s performance in 2025, with some forecasting that the asset could double in value. A significant driver of this optimism stems from the election of Donald Trump , a pro-crypto advocate, with his plans to position the United States as a global cryptocurrency investment hub further fueling market confidence. Prominent financial institutions are also weighing in on Bitcoin’s potential. Standard Chartered, for instance, predicts that Bitcoin could reach $200,000 by 2025, with institutional investors playing a critical role in driving the price higher. Bitcoin price analysis At the press time, Bitcoin was trading at $99,181, reflecting a seven-day gain of 4%. However, on the daily chart, the cryptocurrency has seen a modest decline of 0.04%. Bitcoin seven-day price chart. Source: Finbold As market participants monitor upcoming macroeconomic indicators and developments, Bitcoin’s performance remains closely tied to broader economic trends. Featured image via Shutterstock The post Bitcoin analyst predicts BTC’s minimum price target for this cycle appeared first on Finbold .
Coinbase is bringing back its Bitcoin-based lending service for US users through Morpho, DL News reports. Accordingly, Coinbase users will now be able to borrow directly from the exchange by using their Bitcoin as collateral. Coinbase will launch this service in May 2023 The new Bitcoin-backed loans will be available to customers in the United States, excluding New York state, and will be available in additional regions over time. Related News: Coinbase Has Stopped Bitcoin Credit Transactions! Coinbase said the new BTC-backed loans are different from previous ones in that Coinbase does not back the loans itself, but instead is backed by Morpho, a DeFi lending protocol with $3.7 billion in deposits. Paul Frambot, CEO and co-founder of Morpho, told DL News: “Morpho allows companies like Coinbase to maintain full control over the products they produce, while also removing the need to cede control or governance to third parties like DAOs.” Coinbase Vice President of Product Max Branzburg explained in a statement that users borrow USDC in exchange for Bitcoin, and their collateral is automatically converted to cbBTC and transferred to the Morpho protocol. CbBTC is a DeFi-compatible version of Bitcoin issued by Coinbase. *This is not investment advice. Continue Reading: Coinbase is Restarting Bitcoin (BTC) Service After Suspending It Almost 2 Years Ago!