The price of the second-largest cryptocurrency by market capitalization, Ethereum’s ether, could soon surge toward the $6,000 mark as it’s currently following a key technical pattern. According to popular cryptocurrency analyst Ali Martinez, ether is following as ascending parallel channel, which could mean that a dip to the $2,800 mark would lead to a massive
Several U.S. lawmakers have revealed their investment in cryptocurrencies, revealing that more and more politicians are involved in the crypto market. Some of them include Rep.Guy Reschenthaler (R-Pa.) and Rep.Mike Collins (R-Ga.), who have invested in cryptocurrency. Recently, Rep. Reschenthaler disclosed that he holds some cryptocurrencies, such as Ripple (XRP), Solana (SOL), and Bitcoin (BTC). His assets are worth between $1,000 and $15,000 in total. This is in line with the Stop Trading on Congressional Knowledge (STOCK) Act, which prohibits members of the United States Congress from buying and selling stocks and other cryptocurrencies. Rep. Mike Collins and others join the trend Rep. Mike Collins from Georgia revealed earlier this year that he bought Ski Mask Dog (SKI), a relatively unknown cryptocurrency. He revealed that he had invested between $1,001 and $15,000 in Ski Mask Dog (SKI). The disclosure report shows that Rep. Collins bought Ski Mask Dog three times in succession on the 1st, 2nd, and 3rd of December 2024. Each purchase was made in the $1,001-$15,000 range, which corresponds to the period of increasing prices of many cryptocurrencies. In the past, he revealed purchasing Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT). Source: US House of Representatives Others include Rep. Barry Moore (R-Al) and Rep. Jeffrey Jackson (D-NC) who also revealed high-value cryptos transactions. With interest in cryptocurrencies on the rise, the U.S. Senate is stepping in to regulate digital assets. Sen.Cynthia Lummis (R-Wyo.) will head a new committee on digital assets. Lummis is a vocal supporter of cryptocurrency and has submitted a bill that mandates the US Treasury to buy 1 million Bitcoins in five years. Lummis has also revealed her own Bitcoin transactions, with the first one made in 2013. Donald Trump’s rising crypto portfolio Apart from Congress, U.S. President-elect Donald Trump has also come under the radar regarding his crypto investments. Recent report shows that he has accumulated more than $11 million worth of crypto assets, mostly due to the Trump-based memecoin. Trump’s assets include various cryptocurrencies, including Ether (ETH), Ripple (XRP), USD Coin (USDC) and several memecoins. However, he has no investment in BTC, though he once expressed the desire to use it to pay off the national debt. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Gary Gensler’s tenure as the US Securities and Exchange Commission (SEC) chair has apparently been anything but smooth. With less than two weeks before he steps down, the man who’s been the face of the Biden administration’s anti-crypto agenda has opened up about the toll it’s taken on him, and let’s just say, it hasn’t been a walk in the park for Gary. He admitted that the barrage of crypto-related cases during his time at the SEC left him “traumatized.” Oh, and about Elon Musk’s D.O.G.E? He thinks it’s pointless. Speaking from his Washington, D.C. office, Gary was quick to attack the crypto industry, as per usual. According to him, it is a mess — sentiment-driven, unstable, and riddled with scams. “These 10,000 to 15,000 projects—many of them will not survive,” he said, comparing the crypto space to high-stakes venture capital, except with more pump-and-dump schemes and fraud. For Gary, it was less about innovation and more about survival: of the markets, the investors, and maybe even himself. Crypto chaos and Gary’s Wild West show When Gary walked into the SEC in April 2021, Wall Street was still reeling from the GameStop short squeeze. But crypto quickly took center stage. In his first few months on the job, he was already fielding questions about how he’d deal with an industry that seemed allergic to rules. “I came in, and my predecessor, Jay Clayton, had brought 80 enforcement actions in this area. We’ve brought in about 100 in our four years,” Gary said. “It was consistent. I’ve been around finance for over four decades. And everything in the markets trade on a mixture of fundamentals and sentiment at any given time. But I’ve never seen a field that’s so much wrapped up in sentiment and not so much about fundamentals.” That might be a little bit true, but the work clearly left its mark. From the collapse of FTX and the downfall of Sam Bankman-Fried to the collapse of Terra and the downfall of Hyung Do Kwon, Gary’s SEC went after crypto with the kind of vigor you’d expect from a guy who famously describes the industry as “the Wild West.” And yet, the sentiment he’s leaving with is exhaustion. Gary’s own background made his stance even more controversial. Before his time at the SEC, he taught blockchain and digital assets at MIT, leading many in the industry to believe he’d be their ally. “When you’re in academia or not in this job, you can study something and observe it. But when you’re in this job… you do what you can to protect the investing public,” he explained. In other words, teaching blockchain and regulating it are two very different ballgames. TikTok celebrations and Trump’s promise to fire him If you thought Gary was unpopular in crypto circles, wait until you hear how TikTok reacted to his resignation. The announcement started a wave of celebration on the platform, with users calling him a “demon” and celebrating the end of what they saw as his reign of terror. “This demon has been torturing companies for like three to four years,” one user said. Meanwhile, President-elect Donald Trump made firing Gary a key part of his campaign, promising to remove him on day one of his administration. But Trump won’t get the chance. Gary announced he’d be stepping down on Inauguration Day at noon, effectively sparing himself from what would’ve likely been a high-profile dismissal. Elon Musk’s D.O.G.E: Gary isn’t buying it One of the most surprising moments in Gary’s interview was his blunt take on Trump and Elon Musk’s D.O.G.E initiative, the department that was started to cut out government spending linked to spiraling national debt. They want to remove at least $2 trillion per year, which is an insane amount of money that could break an economy. And even Elon himself has admitted that it’s impossible to achieve. When asked how the SEC would handle a staff cut, Gary said: “I think it would be unfortunate because we’re already spread too thin. We get 40 or 50,000 tips, complaints and referrals a year. It’s unnecessary.” He added that crypto accounts for roughly 18% of those cases. “At any given time, we only have the staff to maybe investigate some small portion,” he said, adding that the workload forces the SEC to triage constantly. Beyond crypto, Gary also warned about the potential risks of AI in financial markets. From robo-advisors to opaque algorithms, he argued that the rapid growth of AI could lead to conflicts of interest that harm everyday investors. He asked: “Your robo-advisor, are they giving you advice on behalf of the asset manager or you? And who are they putting first?” As he prepares to leave, Gary has already met with his presumptive successor, Paul Atkins. The two had a private conversation, but Gary shared a piece of advice he’d received from former SEC Chair Richard Breeden: “Every single day in the job is one day closer to when you will join the formers club.” Gary took that to mean he should use each day wisely—a sentiment he tried to pass on to Atkins. “It’s really about our capital markets that are 40% to 45% of the world’s capital markets,” Gary said. “You gotta keep it good disclosure, free of fraud manipulation, and really have, as best you can, competitive all-to-all trading.” From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Approval of new crypto ETFs is expected to reshape market dynamics. Paul Atkins’ SEC leadership may lead to more favorable regulations. Continue Reading: Anticipated Approval of New Crypto ETFs Sparks Market Reactions The post Anticipated Approval of New Crypto ETFs Sparks Market Reactions appeared first on COINTURK NEWS .
A study by Foresight Ventures and Primitive Ventures has revealed that Asia leads other continents with the largest number of crypto users globally. According to the report, countries such as India, Vietnam, and Indonesia made it to the top ten countries with the largest crypto-savvy population worldwide. Foresight Ventures, a crypto-focused venture capital firm and Primitive Ventures, a frontier prop investment firm, recently unveiled their “GTM in Asia” report. The report showed that the Asian region was the epicentre of global crypto activities, accounting for 60% of the world’s crypto population. The tally reveals that the Asian continent contributes the largest share of global liquidity in the crypto arena. The 2024 Global Crypto Adoption Index shows Asia leads in crypto adoption The Chainalysis 2024 Global Crypto Adoption Index revealed that Asia continues to dominate the global cryptocurrency landscape, with nine of the top 20 nations. According to the 2024 Global Crypto Adoption Index report, five out of the top ten countries are Asian countries, including India, Indonesia, and Vietnam. The report highlights the growing trend in crypto adoption among Asian countries, which is primarily driven by centralized exchanges and price-sensitive communities. Crypto is Booming in China! Asia Leads Adoption with 60% of Global Users pic.twitter.com/pHnosfuEJF — Altcoin Daily (@AltcoinDailyio) January 10, 2025 Indonesia emerged as the region’s stronghold, ranking third globally in crypto adoption. Between July 2023 and June 2024, the country received $157.1 billion in digital assets value, leading Southeast Asia. The Global Crypto Adoption Index report also revealed that centralized exchanges such as Upbit and Binance dominate the Asian market by facilitating crypto trading and investing activities—the exchanges operating in the region account for 37.1% of global traffic. The report also revealed that Asia–Pacific (APAC) region has a unique socio-economic diversity that fuels dominant speculative behaviors, including airdrop farming and meme-based speculation. This diversity allows Asian users to underscore on-chain opportunities for tailored crypto products. The report also emphasized that Asia’s internal trade and capital flows illuminate its global connectivity. According to the study, the region’s interconnectedness unlocks 57% of intra-regional trade and 55% of FDI inflows. The Chinese market remains active despite harsh regulatory scrutiny The study revealed that despite tough regulatory scrutiny, Chinese citizens have been active in the crypto industry. The report noted that the Chinese market thrives in OTC markets and DeFi platforms, with Hong Kong serving as the pivotal gateway for resilient Chinese crypto enthusiasts. Unlike China, Singapore has a conducive regulatory environment for crypto investors and is widely renowned as a global hub for innovation. The country has a high crypto ownership rate of 24.4%, and its progressive regulatory framework has attracted major crypto platforms such as Gemini, OKX, and Upbit, which were licensed by the Singaporean regulator. The report termed Vietnam a rising star in GameFi and blockchain education. The Vietnam Blockchain Association controls the digital asset education process alongside successful projects such as Axie Infinity. The Philippines is a leader in blockchain remittances and capitalizes on its English-speaking diaspora and strong gaming community. On the other hand, the report highlighted the South Korean market as a highly liquid market primarily controlled by retail investors. South Korea boasts native crypto platforms such as crypto exchange Upbit that are strongly integrated into the Kakao ecosystem. Wealthy individuals in the region are increasingly exploring the digital asset ecosystem. In a report, Aspen Digital revealed that 94% of wealthy investors in the region are already investing in Bitcoin and other digital assets. The global crypto adoption index measures how nations are interacting with crypto assets. The index considers user count, trading volume, and the growth of crypto businesses. A major driver of increased crypto adoption in developed nations was launching spot Bitcoin ETFs in the U.S. The funds sparked a wave of Bitcoin activity, particularly in North America and Western Europe. On the other hand, lower-middle-income countries such as Nigeria turned to crypto as an alternative to their national currencies, which were often weakened by inflation or economic instability. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
As the price of Bitcoin (BTC) continues to fluctuate below the $100,000 price mark, altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and XRP are also in the spotlight. According to data insight from Santiment, the number of HODLers for these altcoins has fluctuated thus far this new year. The crypto analytics platform hinted at the implication of the HODLer count within each protocol’s ecosystem. The Ethereum and XRP Standout Santiment profiled six digital currencies, including the aforementioned Bitcoin and Chainlink. While Chainlink underperformed with 3,300 drops in hodler wallets, Ethereum and XRP stood out. The shared data showed that Ethereum had recorded a 645,000 uptick in its hodler wallets. This figure underscores its dominance as the top altcoin among retail investors. XRP followed closely with a total hodler wallet recording a 58,000 count since the start of the year. Ranking as the only meme cryptocurrency profiled by Santiment, Dogecoin has seen a 29,000 jump in investors holding it for the long term. Cardano scored the lowest figure, with just 2,800 wallets committing to long-term growth. As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year: Bitcoin $BTC : +102K Wallets Ethereum $ETH : +645K Wallets XRP Ledger $XRP : +58K Wallets Cardano $ADA : +2.8K Wallets… pic.twitter.com/W07x43GgW4 — Santiment (@santimentfeed) January 10, 2025 It is worth noting that the term ‘HODLer’ denotes token holders with plans to hold their assets in the long term. As the data provider hinted, when the hodler count grows, investors or the community will be comfortable with the project. This can aid ecosystem stability and long-term token growth. The opposite is true when the hodler count drops as investors focus on Fear, Uncertainty, and Doubt (FUD). Ecosystem Projects and Dogecoin Advantage Despite the ongoing bull cycle, fluctuations have shown how volatile and uncertain the market is. As reported earlier by Coingape, ETH price lost 9% of its value in under 24 hours, a trend visible in other altcoins. Amid this uncertainty, investors focus on developer activity, and other utilities focus beyond price. While Ethereum developers are working on the Pectra Upgrade, Ripple Labs launched RLUSD stablecoin to boost XRP liquidity. Input Output Global developers are also working on perfecting the Cardano community governance. In all, Dogecoin might take more of the spotlight in the altcoin market in the long term. This is based on the Elon Musk-led Department of Government Efficiency (D.O.G.E), which might fuel DOGE popularity. These ecosystem trends might explain why more users are betting on the altcoin’s long-term prospects. ETH and DOGE Predictions for 2025 Amid the fluctuations of the past few weeks, experts believe the altcoin season is still ahead. Galaxy Research said the DOGE price will top $1 this year in its projections. The Mike Novogratz-associated firm tied this forecast to the D.O.G.E ties around the coin. Top experts also believe this year holds something big for Ethereum. Bitwise predicted that Ethereum would hit a new all-time high this year, and the asset manager said it is possible for Ethereum to reach $7,000 by the end of the year. The post Ethereum, Dogecoin, Cardano & XRP See Growth In HODLer Count: Report appeared first on CoinGape .
Ethereum’s recent price movements show a significant correction, bringing the cryptocurrency to a critical support level as market dynamics evolve. Despite a 20% drop, Ethereum’s technical patterns indicate a potential
The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is proposing a new rule that would mandate crypto firms refund money stolen from customers via exploits or hacks. The report says that by proposing this new rule, the CFPB is extending the same protections traditional bank accounts have to the crypto wallets of crypto users. If the rule is accepted, it would change the definition of “funds” to include any asset used to make payments and would force crypto wallet providers to compensate users if their funds are stolen. Previously, data from market intelligence platform Chainalysis found that in 2024, crypto platforms lost a staggering $2.2 billion from hacks in 2024, a 20% increase from the previous year. Chainalysis also found that exploits significantly slowed down in the second half of 2024. However, the firm also found that in 2024, North Korean hackers stole more digital assets than ever before. According to the data, North Korean hackers stole $1.34 billion worth of crypto assets in 2024 while in 2023, they stole $660 million. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report appeared first on The Daily Hodl .
The progress in the web3 space is undeniable, with various projects driving significant growth and developments. The Chainlink rally has captured attention with a remarkable 18% price surge in three days, fueled by heightened whale activity. Meanwhile, Injective’s 3.0 upgrade has entered its first phase, marking the beginning of its deflationary journey and setting the stage for future growth. Among these exciting trends, Web3Bay (3BAY) , a leading decentralized e-commerce platform, has smashed several presale milestones. The platform has raised over $560,000, with more than 150 million 3BAY tokens sold, further showcasing the potential of web3 technology to revolutionize e-commerce. With such notable movements across the sector, it’s clear that the momentum for innovative blockchain solutions is stronger than ever. Surge In Whale Activity Boosts Chainlink Rally Chainlink (LINK) has been gaining attention for an impressive 18% price surge in just three days. This Chainlink rally was ignited after the token retested a critical support level near $19, drawing significant attention from crypto whales. Over 1.40 million LINK tokens were purchased within a span of four days. On-chain metrics further support this Chainlink rally, with a consistent decrease in exchange outflows, signaling that fewer investors are preparing to sell their holdings. Analysts speculate that whales are strategically positioning themselves for potential gains as the “altcoin season” approaches. New Injective Upgrade Strengthens Its Deflationary Mechanisms The latest Injective upgrade, Injective 3.0, has introduced a disruptive deflationary model, making the network more adaptable and inflation-resistant. By adjusting the token supply based on staking activity, this upgrade enhances efficiency and aims to boost the deflation rate by an impressive 400%. Currently, 56% of Injective’s token supply is staked, offering a competitive yield of 10.68%. This figure outpaces other major networks like Ethereum and Solana, signaling growing confidence in Injective’s long-term potential. Despite its progress, Injective struggles to attract significant developer activity, especially when compared to networks like Sui, Aptos, and Coinbase’s Base. 3BAY’s $550K Success Story: An E-Commerce Gamechanger Web3Bay (3BAY), a rising e-commerce platform powered by web3 technology, is setting a new standard in digital commerce by utilizing blockchain to create a secure, transparent, and community-driven platform. Built to enable seamless transactions and ensure user data remains fully protected, Web3Bay’s decentralized approach removes the limitations of centralized e-commerce platforms. At the heart of the ecosystem is the 3BAY token, which facilitates transactions, incentivizes participation, and empowers the community with decision-making capabilities. The numbers behind Web3Bay’s presale underline its growing potential and market appeal. To date, the platform has raised over $560,000, with more than 150 million tokens sold. This milestone demonstrates the confidence investors and users alike have placed in Web3Bay’s vision. The current 3BAY token price of $0.0039675 in presale stage 3 offers an attractive opportunity to invest in the future of e-commerce. Web3Bay’s strong presale performance not only reflects trust in the platform but also highlights the demand for solutions that decentralization brings to the digital marketplace. With limited tokens available at presale pricing, the opportunity to join Web3Bay during this stage shouldn’t be overlooked. The growing interest in the 3BAY token suggests that it is positioned for significant growth, potentially reaching $0.1959 at launch. For anyone buying 3BAY tokens at the current price, this translates to a potential 6,430% ROI! Unlocking The Next Chapter In Web3 Technology The Chainlink rally and the latest Injective upgrade demonstrate the growing potential of blockchain technology to redefine digital ecosystems. Chainlink’s recent surge driven by whale activity highlights its appeal to strategic investors. Similarly, Injective’s deflation-focused advancements highlight its commitment to sustainable growth. However, Web3Bay emerges as a standout platform, embodying the core principles of web3 technology through its decentralized marketplace. With over 150 million tokens sold and $560,000 raised during its presale, Web3Bay showcases its ability to attract strong market interest and build a loyal community. The current presale stage 3 price of $0.0039675 per token offers an exceptional opportunity to secure a position in this growing ecosystem before the presale closes and the 3BAY token realizes its full value. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post 150M Web3Bay Tokens Sold: Why Is This E-Commerce Crypto Going Viral? Chainlink Rallies & INJ Gets New Upgrade appeared first on TheCoinrise.com .
Which crypto will transform your portfolio in 2025? With AVAX experiencing swings and DOT showing steady potential, enthusiasts are keeping an eye on these significant projects. Avalanche is boosting scalability with its exciting Avalanche9000 upgrade, while Polkadot is expanding its influence in decentralized apps. In this scenario, BlockDAG stands out with its $1M Raffle, a clever way to spread BDAG coins and boost adoption. The raffle not only offers a hefty 200% coin bonus, reflecting the success of the presale, but it also sets up participants for immediate rewards and future ecosystem growth. With the mainnet launch approaching, BlockDAG (BDAG) promises not just prizes but a gateway to what’s coming. BlockDAG’s $1M Raffle: Pave Your Path to Massive Wealth BlockDAG’s $1M Raffle is more than a chance to win big—it’s a strategic initiative to increase adoption and enhance its network. Offering big prizes along with a 200% BDAG coin bonus, the raffle offers immediate benefits and motivates long-term involvement in its expanding network. This approach keeps the momentum going even when the crypto market is down, showing the project’s forward-thinking strategy. The raffle features three ticket levels, catering to various budgets. The Bronze Ticket requires a $250 BDAG buy-in for a chance at a $250,000 USDT prize, the Silver Ticket at $500 offers a shot at $500,000 USDT, and the Gold Ticket at $1000 gives participants the best chance to win the $1M USDT grand prize, positioning the raffle as an appealing option for both newcomers and long-term backers. Following a successful presale that garnered over $178.5 million and sold more than 17.8 billion BDAG coins at $0.0248 each, early participants have enjoyed a substantial 2,380% ROI. These achievements underscore the community’s confidence in the project, despite the wider fluctuations in the crypto market. With the upcoming mainnet launch, the raffle is not just an isolated event but a part of BlockDAG’s broader vision to distribute coins widely, reward its community, and establish a foundation for a decentralized future. 2025 AVAX Price Movements: Riding the Waves of Change Avalanche (AVAX) continues to capture headlines as its price movements suggest both challenges and opportunities for 2025. Currently valued at around $36.68, the coin has recently seen a 5.95% decrease due to overall market shifts. However, its prospects are bolstered by the Avalanche9000 upgrade, aimed at boosting scalability and reducing costs, ensuring its vital role in decentralized finance (DeFi) and more. Last year, AVAX reached a peak of $65.39 but fell to $17.29 in August, displaying its unpredictable nature. Analysts foresee a possible recovery, with price expectations possibly reaching up to $81 by the end of 2025, contingent on market trends and its ecosystem’s development. Avalanche’s continuous technological progress and growing use make it a focal point in this year’s crypto watchlist. Prospects for DOT: Poised for Consistent Expansion Polkadot (DOT) stands out as a formidable force for 2025, with forecasts indicating a possibility for consistent expansion. Trading at $6.65, Polkadot is enhancing its infrastructure, promoting interoperability, and facilitating decentralized applications. The network’s unique parachain auctions and increased utilization reinforce its status as a prime blockchain resource for developers and various initiatives. Despite the ups and downs of 2024, where DOT fluctuated between $10.50 and $4.30, the outlook remains guardedly positive. Estimates for DOT’s 2025 performance suggest an average price of $12.50, potentially soaring to $40, driven by heightened activity within its ecosystem and strategic alliances. As Polkadot’s presence in DeFi’s Total Value Locked (TVL) escalates, it continues to be recognized as a dependable, enduring blockchain choice amidst the crypto evolution. The Decisive Trends of 2025 As we step further into 2025, both Avalanche and Polkadot are making significant strides. AVAX’s price dynamics reveal both instability and promise, with its technological enhancements capturing market interest. On the other hand, DOT’s expected growth is supported by its broadening ecosystem and rising acceptance in DeFi sectors. Amidst these trends, BlockDAG introduces an appealing prospect with its $1M Raffle, merging immediate incentives with prospects for prolonged development. The 200% coin bonus echoes the triumph of its initial crypto presale , emphasizing its dedication to community enhancement. For those in search of ventures that offer immediate advantages while promising future opportunities, BlockDAG’s raffle stands out as a pivotal initiative this year. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post 2025 Forecast: Strong Momentum for AVAX & DOT – BlockDAG Gains Massive Interest as $1M Raffle Goes Viral appeared first on TheCoinrise.com .