XRP Ledger AMMClawback upgrade allows AMMs to participate in liquidity pools, while maintaining regulatory compliance.
The post Ripple (XRP) Price Prediction: XRP Struggles To Gain Momentum, Crypto Analysts Point Towards A Rising Contender appeared first on Coinpedia Fintech News XRP’s price movement has sparked discussions among investors, as the cryptocurrency struggles to maintain upward momentum. Despite predictions of a potential surge, XRP price has remained stagnant between $3 and $3.10. Analysts are closely monitoring key support levels, with some forecasting a rally if the digital asset surpasses the $3.11 resistance. Meanwhile, a new crypto project, Yeti Ouro (YETIO) , is gaining attention for its promising financial prospects. Investors looking for strong returns are taking advantage of the 20% bonus currently being offered until the end of January to mark the Chinese New Year. The bonus promotion until 31st January. XRP Faces Resistance Amid Market Uncertainty XRP price has been oscillating between a certain range, causing anxiety as to the possibility of the cryptocurrency experiencing further price appreciation. According to market analyst Dark Defender, XRP is in the process of forming an ABC correction and may break through the $3.11 level. If this level is violated, the analyst anticipates a price move toward the Fibonacci orbit levels of $5.85 and $18.22. Source: X On the other hand, market sentiment remains cautious, especially because the ongoing legal proceedings between the SEC and Ripple affect XRP price. A closed-door meeting is scheduled for the SEC on January 30 and has fueled speculation of a change in the officials’ approach. If the SEC pulls out its appeal from the case against Ripple, then the experts are expecting a positive trend for XRP. Nevertheless, the prolonged litigation process may lead to the cryptocurrency’s price dropping below the $2.50 mark. Yeti Ouro Gains Momentum As Investors Seek Growth Opportunities As XRP continues to fail in recovering to a new all-time high, the new altcoin Yeti Ouro (YETIO) is increasingly becoming a good investment choice. The Ethereum token is now popular among investors, and has raised more than $2.09 million during its presale. Over 152,000,000 YETIO tokens have been sold, which proves that there is a high demand from the market. Yeti Ouro involves gaming and blockchain to generate sustainable value through Yeti Go. Yeti Go is the centerpiece of the project and it is a Play-to-Earn (P2E) racing game that is being created using Unreal Engine 5. The token also has several use cases within its game: players can acquire YETIO tokens through racing, shopping with in-game currency, and engaging in staking. The game is developed by industry veterans with previous works on famous games like Call of Duty, The Witcher, dead Space and Spiderman which adds to the game’s authenticity. Here is a glimpse into the level 1 map of the game: ( Please note that this video is from Yeti Ouro currently in development. It does not represent the final product. ) Unlike other speculative investments, Yeti Ouro has well-defined tokenomics. The total token supply is 1 billion with a 5% annual burn rate to keep inflating the asset’s value and make it scarce in the market. The quality of the project cannot be overlooked regarding security as an audit was done by the team at SolidProof, a blockchain security firm. Moreover, Yeti Ouro has developed its ecosystem in a way that is likely to sustain growth for the future years, which makes it a valuable opportunity for investors in 2025. In celebration of Chinese New Year, Yeti Ouro is giving a 20% bonus on all tokens bought between January 29 and January 31. This promotion has been effective in attracting investors as seen in the second stage of the presale which is over 51% sold. Selling at $0.017 per token, early investors have already had a 40% gain on their investments. With investors projecting significant profits once YETIO has hit exchanges, and its play to earn game in development points towards a bridge future for YETIO. Join The Yeti Ouro Community Website: https://yetiouro.io/ X (Formally Twitter): https://x.com/yetiouro Telegram: https://t.me/yetiouroofficial Discord: https://discord.gg/YtUsEZ2Zr
Summary We have reached the "Fartcoin" stage of the market cycle - Fartcoin is only the latest memecoin; there have been other memecoins before. We have thought quite a bit about cryptocurrencies, and for the most part, they resemble collectibles. We are leaving the Fartcoin stage of the market and entering the Trump (and Melania) memecoin stage. It's anyone's guess as to what will happen next, but it feels like it's going to be wild. The following segment was excerpted from the Greenlight Capital Q4 2024 Letter. We have reached the "Fartcoin" stage of the market cycle. For those unfamiliar, Fartcoin is a cryptocurrency created late last year that appreciated from a nominal value to over a billion dollars. Like other cryptocurrencies, it is tradable 24 hours a day, 7 days a week. Other than trading and speculation, it serves no other obvious purpose and fulfills no need that is not served elsewhere. Lest you think it's likely to go to zero (it could be the Pets.com of the cycle), Fartcoin is only the latest memecoin. There have been other memecoins before. Something called Dogecoin ( DOGE-USD ), with a Shiba Inu dog logo, was created for the same reason (to mock cryptocurrencies and for speculative trading) more than a decade ago and it is currently worth about $55 billion. Were it a stock, it would rank around #180 in the S&P 500 ( SP500 , SPX ), about the size of Travelers ( TRV ) and Johnson Controls ( JCI ). We have thought quite a bit about cryptocurrencies. For the most part, they resemble collectibles. Items such as art, postage stamps, rare coins and baseball cards are valuable because people like to collect them. The "intrinsic" value of a Jackson Pollock is very low (paint plus canvas), but enough people agree that Pollock's technique of pouring the paint on the canvas was innovative, rare and valuable enough that his works are worth millions. Similarly, Fartcoin is worth whatever the market says it is. It isn't backed by anything and has no intrinsic value. It doesn't appear difficult to create new types of memecoins. We have no problem with people taking a punt in crypto, Aaron Judge rookie cards or roulette for that matter. If people find it fun and think they can make money trading it, the more power to them. We'd rather have a Pollock than a Fartcoin, but that's just us. And just last Friday, "official" Trump memecoin ( TRUMP-USD ) was launched. At the moment we are writing this, it has gone from a nominal value to $40 billion (after reaching $75 billion over the weekend to surpass Dogecoin). Eighty percent of the coins have not yet been issued, implying that President Trump and the organization supporting the coin hold Trump memecoins worth $32 billion and counting. Obviously, this is more than President Trump made during his entire successful business career. And then, on Sunday, the Melania memecoin ( MELANIA-USD ) was launched. It is currently worth $4 billion. Nothing stops the launch of many more tradable coins. Perhaps we are leaving the Fartcoin stage of the market and entering the Trump (and Melania) memecoin stage. It's anyone's guess as to what will happen next, but it feels like it's going to be wild. There is an open debate as to whether Bitcoin ( BTC-USD ) will at some point enter the mainstream as an official currency. In fact, there is a bill before Congress for the U.S. to establish a "Strategic Bitcoin Reserve" and buy one million Bitcoins over five years. The bill's purpose appears to be the use of public funds to ramp up the price of Bitcoin, thereby enhancing the wealth of existing Bitcoin holders. This seems a dubious use of taxpayer funds, but the new administration has a lot of Bitcoin-owning supporters, so it might happen. More likely, cooler heads will decide that the government should not borrow another trillion dollars in the bond market to speculate in Bitcoin and that there is, in fact, nothing strategic about doing so. One of the biggest owners of Bitcoin is MicroStrategy ( MSTR ). While MSTR owns a small software business, its principal pursuit is buying Bitcoin. In practice, MSTR is an investment company that buys and holds Bitcoin. 1 MSTR trades at a large premium to the value of the underlying Bitcoin it holds. The idea is to raise money from new investors at a premium and use the proceeds to buy more Bitcoin. Since the Bitcoin that MSTR buys costs less than the Bitcoin-implied value of MSTR's stock, the new investment is dilutive to new investors but accretive to existing investors. MSTR's promoters have labeled the return to existing investors created by this scheme the "Bitcoin yield." As Bitcoin itself yields nothing, the Bitcoin yield is simply a measure of the Ponzi finance's effectiveness. Lately, it has been pretty effective. While this seems crazy, there is more. Levered single-stock ETFs, such as those with tickers MSTU and MSTX , aim to generate double the daily return of MSTR. Michael Green has noted that for aggressive speculators, levered ETFs may be used instead of margin debt, since buyers achieve the leverage without the risk of a margin call. A drawback of levered ETFs is that to achieve double the daily return, the portfolio must be adjusted on a daily basis, mostly by buying at the end of days when the underlying stock rises and selling on days when the underlying stock falls. If the stock goes straight up, this works well. But when up days are mixed with down days, the buying high and selling low eats up a lot of the return. Most levered ETFs achieve their leverage by going to large investment banks and buying swaps on the shares. There is a financing cost on the swaps (usually SOFR plus a small spread), so a portion of the return gets eaten up by the financing costs. However, for MSTU and MSTX there is limited swap capacity, as the extreme volatility of MSTR and the concentration of its Bitcoin portfolio means the banks are not willing to offer sufficient capacity to achieve the necessary 2x leverage. Rather than limit the size of the ETFs, the operators of these levered ETFs have cleverly utilized call options on MSTR to try to achieve the leverage necessary to meet demand. 2 The problem is that MSTR stock is very volatile, so the call options are very expensive. While swaps have a financing cost in the single digits, we estimate the cost of financing leverage on MSTR through call options to be more than 75% annualized. When you combine the costs of buying when the stock goes up and selling when the stock goes down with astronomical financing costs, MSTU and MSTX have no realistic chance of achieving double the daily return of MSTR. These products are destined to fail. Over time, they are likely to bleed out their capital. During the quarter, the Partnerships established a new arbitrage position by shorting these ETFs, which we partially offset by owning MSTR. This position was a material winner in the quarter. The information contained herein reflects the opinions, estimates and projections of DME Capital Management, LP d/b/a Greenlight Capital (collectively with its affiliates and predecessor entity, "Greenlight") as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. Greenlight does not represent that any opinion, estimate or projection will be realized. All information provided is for informational purposes only and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. Greenlight has an economic interest in the price movement of the securities discussed in this letter, but Greenlight's economic interest is subject to change without notice. While the information presented herein is believed to be reliable, no representation or warranty is made concerning the accuracy of any data presented. GREENLIGHT® and GREENLIGHT CAPITAL, INC. with the star logo are registered trademarks of Greenlight in the United States, European Union and other countries worldwide. All other trade names, trademarks and service marks herein are the property of their respective owners who retain all proprietary rights over their use. These materials are ( A ) confidential and may not be disclosed, distributed or reproduced without the prior written permission of Greenlight, and (B) intended solely for the use of the person to whom the materials have been delivered by Greenlight. Unless otherwise noted, performance returns reflect the weighted average total returns, net of fees and expenses, for "New Issue Eligible" investors invested in, to the extent each fund was in existence, the dollar interests of Greenlight Capital LP and Greenlight Capital Offshore Ltd. and the predecessors to those funds. (collectively, the "Partnerships"). Performance returns generally include all positions held at the master and feeder funds, but exclude the gold interests. The performance of the dollar interests and the gold interests have been different. Upon request, Greenlight will provide the specific performance of each type of interest to help investors understand these differences over time. Returns are net of either the modified high water mark performance allocation of 10% or the standard 20% performance allocation applied pursuant to the Confidential Offering Memorandum for an investor who invested at inception or who transferred into a fund at inception after investing in another Greenlight fund on or prior to January 2008. Combined performance of components of the Partnerships is presented for illustrative purposes only and does not reflect the performance or risk profile of any individual fund. Please contact Greenlight for additional information regarding the performance of the portfolios from which this information was derived or extracted. The 2024 annual return is net of the modified high water mark performance allocation of 10%. This is the performance allocation applicable to an investor whose capital account is below its modified high water mark. Investors whose capital accounts are not below their modified high water marks would experience different performance. Returns are also net of a 1.5% management fee. An investor's actual returns may differ from the returns presented due to several factors, including the timing of each investor's capital activity, the applicable management fee rate, which may be 1.5% or 2.0% depending on the date and amount of such investor's capital contribution, and the applicable performance allocation rate, which may be 10% or 20% depending on whether such investor is below such investor's modified high water mark. All figures are unaudited. Greenlight does not undertake to update any information contained herein as a result of audit adjustments or other corrections. Past performance is not indicative of future results. Each investor will receive individual statements from the funds' administrator showing actual returns. Reference to an index does not imply that the Partnerships will achieve returns, volatility or other results similar to the index. The S&P 500 is a long-only index of primarily large-cap stocks used to represent the performance of the U.S. stock market. Greenlight funds take long and short positions and may invest in non-U.S. and non-equity securities, and therefore differ (often materially) from the composition of the index. The total returns for the index do not reflect the deduction of any fees or expenses which would reduce returns. All exposure information is calculated on a delta-adjusted basis and excludes "macro" positions, which may include, but are not limited to, government debt, currencies, commodities, credit default swaps, interest rate swaps, volatility indexes, credit indexes and derivatives on any of these instruments. However, equity indexes and derivatives on such instruments are included in long/short exposure. The largest disclosed long positions represent individual issuers to which the Partnerships have the highest exposure. Greenlight, in its discretion and in the interest of investor protection, may exclude from this list any position that has not been disclosed but would otherwise be included, and instead include the Partnerships' next largest position. All weighting, exposure, attribution and performance contribution information is inclusive of positions held both directly and indirectly through the master fund, reflects estimates of the weighted average of such figures for investments by Greenlight Capital LP and Greenlight Capital Offshore Ltd. (excluding gold interests), and is the result of classifications and assumptions made in the sole judgment of Greenlight. All exposure calculations include the impact of month-end redemptions and subscriptions as of the first day of the following month. Net performance contributions by attribution category apply an allocation of operating expenses, management fee and performance allocation to the applicable gross contribution. These pro forma net contributions are shown for illustrative purposes only to meet regulatory requirements. Different assumptions than those made by Greenlight can result in different net performance contributions at the category level. A description of the calculation methodology is available upon request. Changes in quoted prices and market returns of publicly traded investments do not reflect the deduction of fees or expenses from the Partnerships. These fees and expenses are reflected in the net performance of the Partnerships. The fund terms, performance returns, and portfolio characteristics reflected in this document are not indicative of future returns or portfolio characteristics and do not modify the terms of the funds as detailed in each fund's Confidential Offering Memorandum. No guarantee or representation is made that Greenlight's investment program, including, without limitation, its investment objective, diversification strategies or risk monitoring goals, will be successful. Investment results may vary substantially over time. No assurance can be made that profits will be achieved or that substantial or complete losses will not be incurred. With respect to the investment strategy utilized by Greenlight, there is always a significant degree of market risk, including the risk of a complete loss of capital. Greenlight may employ speculative investment strategies, such as the use of leverage, short selling, derivatives trading and commodity interests trading, which involve the potential for significant risk of loss. Prospective investors should be aware that they will be required to bear the financial risks of this investment for an indefinite period of time. Prospective investors should read the more detailed Risk Factors contained in the Confidential Offering Memorandum. The specific investments identified and described are not representative of all the positions held, purchased or sold, and in the aggregate, the information may represent a small percentage of activity. It should not be assumed that any position identified has been or will be profitable. There can be no guarantee that similar investment opportunities will be available in the future or that Greenlight will be able to exploit similar investment opportunities should they arise. The information presented is intended to provide insight into the noteworthy events, in the sole opinion of Greenlight, affecting the Partnerships. The opinions expressed represent the current, good faith views of Greenlight at the time of publication and are provided for limited purposes, are not definitive investment advice, and should not be relied on as such. THESE MATERIALS SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY INTERESTS IN ANY FUND MANAGED BY GREENLIGHT OR ANY OF ITS AFFILIATES. SUCH AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY INTERESTS MAY ONLY BE MADE PURSUANT TO DEFINITIVE SUBSCRIPTION DOCUMENTS BETWEEN A FUND AND AN INVESTOR. Footnotes 1 To call a small melting-ice-cube software business next to a huge pile of Bitcoin an operating business rather than an investment company certainly stretches the spirit, if not the letter, of the rules. 2 Obviously, this is clever from the sponsor's perspective as the larger asset base allows them to collect higher fees. This isn't at all clever from the investor's perspective. Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
After a 4% drop, Cardano price is slowly crawling back, trading at $0.9559. Although the market turbulence and the decreasing investor interest cost its price trajectory, experts see recovery soon. Meanwhile, Charles Hoskinson is gaining the spotlight, as the Cardano founder burnt $100M worth of ADA meme coin, CHARLES. Cardano Founder Burn $100M Worth Unofficial ADA Meme Coin The famous blockchain network’s founder, Charles Hoskinson, has taken a bold step in the crypto industry. On January 30, Honskinshon burned 900 billion ADA meme coins, which were airdropped to him by the tokens’ community. The anonymous creator of the CHARLES meme coin sent these billions of tokens to Hoskinson to capitalize on his name. However, Hoskinson set up a burner wallet instead and sent all the 900B CHARLES, equivalent to $100M, during a live stream. The Cardano founder joked that he was sitting on 900 billion tokens before questioning people’s absurdity, which pumped the token to a fully diluted market value of $71M and a $5.14B trading volume. So I’m sitting on 900 billion of that. You’ve lost your damn mind. Why Did Charles Hoskinson Burn These Tokens? Even before US President Donald Trump launched the TRUMP and MELANIA meme coins , the hype around these cryptocurrencies was high. More importantly, people capitalized on celebrity-influenced tokens. However, Cardano founder did not wish to let that happen with the ADA meme coin. He emphasized that hype does not equate to value. Hoskinson also advised crypto users not to follow any project mindlessly before explaining that his move was necessary to maintain Cardano’s reputation as a blockchain project. So, I am no longer a founder of this coin, I suppose. Congratulations. So, anyway, don’t do that again, you bastards.” said Cardano founder. This generated a mixed reaction from the community. Some praised the Cardano founder for this bold step, while others offered the option of donations rather than burning, as this impacted the CHARLES price. The ADA meme coin event caused its price to crash 83% in 24 hours per Taptools.io. Amid this chaos, attention moved to the Cardano token, whose price struggled with the crypto market’s turbulence. What’s Next for Cardano Price? ADA is among the top cryptos in the market due to its utility-based image and high demand. At present, the Cardano price is around $0.96 after a 4% decline over the week. However, the outlook is still optimistic, as the ADA price chart forms the bullish cup and handle pattern, which suggests an upcoming right rally. An earlier CoinGape blog revealed that Cardano is eyeing $1.30 amid this bullish pattern, with the key resistance level at $1.10 and key support at $0.90. Additionally, technical factors have presented the ADA token in buyers’ zone, with the RSI showing bullish momentum. As a result, if the Cardano price breaks the $1.10 resistance, the next target will be $1.30 before hitting $1.7961. However, the price may crash further if the altcoin fails to hold the support at $0.90. Cardano is in a re-accumulation phase and poised to breach. A bounce above the key resistance will lead it to $1.30 first, followed by a climb to $1.7961 if the omentum continues. What’s In There For You? The Cardano founder’s decision to burn $100M worth of CHARLES tokens hints at the rising number of cryptos lacking credibility. The creator of the ADA meme coin shared 90% of the supply with Charles Hoskinson in hopes of capitalizing on his name, so Hoskinson decided to burn these tokens. More importantly, the ADA token is getting prepared for the bullish move, as the charts show cup & handle formation. As a result, the Cardano price prediction reveals that if it crosses the key resistance, it could hit $1.30 and beyond. The post Why Cardano Founder Burned $100M Worth of ADA Meme Coin? appeared first on CoinGape .
Bitcoin’s price dynamics are once again in focus as analysts scrutinize the upcoming US labor report slated for release on February 7. The upcoming labor market data is poised to
COINOTAG News reported on January 31st that according to Arkham Data, the total balance of cryptocurrency holdings in the Trump-endorsed project, World Liberty Finance, has surpassed a significant threshold, achieving
Bitcoin’s price remains sensitive to macroeconomic conditions, with analysts eyeing the upcoming US labor report as a key driver for February’s momentum.
Tech mogul Musk gave an excited response to a DOGE hint worth $4.20 billion per day
Why Esports Betting is the Future Esports has gained massive popularity over the last decade, with games like League of Legends, CS:GO, Dota 2, and Valorant drawing millions of viewers and competitive players. The rise of esports betting allows fans to engage more deeply with the action, making every match even more thrilling. Platforms like Winna provide an enhanced betting experience by offering a wide range of markets, live betting options, and fast crypto transactions. With lower fees and instant payouts, crypto esports betting is rapidly becoming the preferred choice for many bettors. The Benefits of Crypto Esports Betting on Winna Instant Transactions: Traditional payment methods can take days for withdrawals, while crypto allows for near-instant deposits and cash-outs. Enhanced Security: Blockchain technology ensures that transactions remain private and tamper-proof. Global Access: Cryptocurrencies eliminate the need for currency conversions, making betting more accessible to users worldwide. Provably Fair Betting: Winna leverages blockchain technology to offer a transparent and fair betting system, ensuring trust among players. Winna’s Expansive Esports Betting Markets One of the standout features of Winna is its diverse selection of esports betting markets. Users can place wagers on popular events such as: League of Legends World Championship Dota 2’s The International CS:GO Majors Valorant Champions Tour Fortnite and PUBG Tournaments With live in-play betting, users can make real-time predictions as the action unfolds, maximizing their betting potential. Exclusive Bonuses and VIP Perks Esports bettors on Winna can take advantage of exclusive bonuses, cashback offers, and a rewarding VIP program . High rollers and loyal players receive up to 60% rakeback, personalized VIP hosts, and priority withdrawal processing, enhancing the overall betting experience. Conclusion: Why Winna is the Go-To Platform for Esports Betting As esports betting continues to gain traction, Winna leads the way by combining crypto-powered transactions with a vast selection of betting options. Whether you’re a casual bettor or a dedicated esports enthusiast, Winna provides a cutting-edge experience that sets it apart from traditional betting platforms. If you're ready to take your esports betting to the next level, visit Winna today and explore the future of crypto esports wagering.
The cryptocurrency market is witnessing a positive shift, with key altcoins like Stellar (XLM), Lido DAO (LDO), and Litecoin (LTC) showing notable price movements. The overall change in market sentiment