HodlX Guest Post Submit Your Post The cryptocurrency industry is entering a new phase of development amid a series of contentious events – from high-profile political statements and promises to pardon certain ‘icons’ of the darknet community to the new administration’s discussed course on serious blockchain sector reforms. In this article, I will share my opinion on how events related to Donald Trump’s inauguration will impact the crypto market, what initiatives might be implemented after February 20, 2025 and what lessons can be learned from years of interaction between the state and digital assets. Trump and Republicans – Monopolizing power and the risks of a split According to some statements, a unique situation is currently unfolding in which Republicans have gained the majority in both Congress and the Senate, as well as in the House of Representatives. This grants them the ability to pass laws more swiftly and confidently and to lobby initiatives, including those related to cryptocurrency regulation, Big Tech and more. However, a monopoly on power carries the risk of internal division if parts of the party find the course too radical or dangerous for their constituents. The role of Elon Musk and potential conflicts Elon Musk is a prominent figure whose statements influence crypto markets , geopolitics and global business. Some commentators suggest the following. Musk is engaging in political games – By supporting Trump, Musk may be participating in political maneuvers that could lead to serious problems for him, including investigations or legal prosecutions from other nations and even the United States. Diverging interests – I f Musk’s and Trump’s interests diverge at some point, Musk risks becoming a target, which could severely impact all his projects. Market volatility – The collapse of ‘Musk coins’ or a sudden shift in market sentiment could trigger a global wave of distrust in crypto, especially among retail and institutional investors. Amnesty for the darknet network founder President Donald Trump signed an executive order for the full and unconditional pardon of Ross Ulbricht, the creator of the darknet marketplace Silk Road, who was serving a double life sentence. Many fear that such actions by the authorities could once again shape the media narrative to equate ‘cryptocurrency with illegal operations, fraud and scams.’ This reputation hindered the institutional recognition of Bitcoin and other cryptocurrencies in the early 2010s and could negatively affect them now. As a result, here are the possibilities that could occur. Reputational damage to the crypto market – The crypto market could suffer a reputational hit. Institutional investors pulling back – Institutional investors, already wary due to volatility and past incidents, might retreat once more. User concerns – Some users may fear that ongoing legal cases and repressive measures will ‘brand’ crypto as a national security threat (as seen in previous KYC/AML discussions). Tornado Cash and mixers – Double standards or necessary control Tornado Cash allows transactions on the Ethereum network to be mixed, obscuring the trail between sender and receiver. This increases privacy but also introduces risks, such as the following. Illicit use – Such services are often used to launder funds obtained illegally, including from sanctioned jurisdictions. Sanctions by OFAC (The US Office of Foreign Assets Control) – OFAC imposed sanctions on Tornado Cash, deeming it a tool for money laundering to circumvent sanctions. Vitalik Buterin stated that after Ross Ulbricht’s release, the next targets might be Tornado Cash team members Alexey Pertsev and Roman Storm. If similar leniency is shown as with the creator of the largest darknet marketplace, it will raise additional suspicions that the new authorities are encouraging gray schemes. Risks for the crypto market and future scenarios 1. New wave of FUD (Fear, uncertainty and doubt) Potential amnesty for crypto market icons – The possible pardon of key figures in underground crypto markets could trigger negative media reactions. Public perception – Society might once again view cryptocurrency solely as a tool for criminal activities and money laundering. 2. Regulatory pressure Increased control – With the strengthening of Republican power and societal disagreements, regulators may begin to enforce stricter controls over crypto operations. New legislation – New laws could emerge that require the disclosure of user data. 3. Influence of major personalities Market volatility – If major players continue to abruptly change their views, pump or dump certain assets, volatility could increase sharply. Political missteps – An unsuccessful political maneuver could lead to lawsuits or impeachment, which would have immediate repercussions across the entire technology sector and further impact crypto. 4. Collapse or restructuring scenario Rebranding as a shadow economy – If cryptocurrency is once again branded as part of the shadow economy, institutional capital might decrease, and the market could enter another crypto winter. Industry cleansing – On the other hand, some analysts believe that after each such period, there is a cleansing of scam projects, and the industry becomes stronger in the new cycle. Conclusion The situation surrounding crypto remains contradictory. On one hand, there are signs of the mass adoption of digital assets. On the other hand, political factors, high-profile criminal cases and amnesties of scandalous figures could revert the market to a state of total distrust. High stakes in the political arena – toxic cases like Silk Road and Tornado Cash, as well as potential conflicts involving Elon Musk – heighten caution. It is not out of the question that in the coming months we will witness significant regulatory changes in the United States capable of affecting the global crypto market. Yaroslav Kalynychenko is the head of marketing at Generis Web3 Agency and an expert in promoting crypto, fintech and innovative digital solutions. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements 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 loses 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. The post Political and Geopolitical Factors Influencing the Crypto Market – Trump, Musk, High Stakes and Silk Road appeared first on The Daily Hodl .
The crypto prices on Saturday have shown mixed actions as broader macroeconomic events unfolded. Bitcoin (BTC) price showcased a waning movement to reach $102K, whereas Ethereum (ETH) and meme coins witnessed an upward intraday action. Simultaneously, QTUM emerged as the leader of the sector today, witnessing a staggering 40% uptick in value. Let’s take a closer look at some of the most trending coins for the day and broader market developments. Crypto Prices Today (February 1): BTC Wanes, ETH & Meme Coins Up The broader crypto market appears to be digesting the latest PCE inflation data release, which showed a 2.6% increase for December (YoY), per BEA data . Simultaneously, BTC price witnessed a waning action to reach $102K. Further, the global cryptocurrency market cap saw a 1.3% decrease to $3.49 trillion. However, ETH and meme coins like DOGE, SHIB, and PEPE have illustrated rising trajectories, sparking market speculations. Besides, the global market volume also rose by nearly 16% intraday to reach $121.57 billion. BTC Price At $102K BTC price witnessed a 2% drop at the time of reporting, reaching $102,273. Its intraday low and high were $101,543.88 and $106,026.35, respectively. Bitcoin’s dominance sipped 0.16% from yesterday, reaching 58.08%. Further, U.S. spot Bitcoin ETFs recorded only $241.28 million worth of inflows over the past week, per Sosovalue data of Jan 30 that excludes BlackRock data. The flagship crypto sees volatility amid reduced institutional interest and broader macroeconomic data release. ETH Price Jumps However, ETH price has gained nearly 2% in the past 24 hours, reaching $3,290. The coin’s intraday bottom and peak were $3,214.94 and $3,437.57, respectively. Notably, the rising trajectory comes against the backdrop of massive buying by ETH whales . Nevertheless, it’s also worth mentioning that U.S. Ethereum ETFs registered outflows worth $73.29 million over the past week, per SosoValue data as of Jan 30 that excludes BlackRock. XRP Price Today Besides, XRP price slipped nearly 2% over the past day and is currently resting at $3.04. The coin’s 24-hour low and high were $3.01 and $3.11, respectively. Intriguingly, despite the asset’s price consolidation near the $3 mark over the days, a massive rally looms, per XRP price analysis by CoinGape. With historical trends in mind and the odds of an XRP ETF approval gaining weight, investors remain bullish over future movements. Solana Price Drops SOL price also witnessed a nearly 2% dip in value and is currently trading at $231. The coin’s intraday bottom and peak were $228.48 and $241.67, respectively. The current sluggish movement is primarily attributed to the broader market trend. Meme Crypto Prices Today Besides, the meme crypto sector glimmers immense optimism on Saturday. Notably, DOGE price witnessed a slight gain of 0.5% and traded at $0.3279. Further, SHIB price gained by a notable 2.5% to reach $0.00001903. Also, PEPE price surged by a whopping 7.5% intraday, reaching $0.0000138. Overall, the leading meme coins showcased a rising action despite the broader market trend. Top Crypto Gainer Prices Today QTUM Price: $3.98 24-Hour Gains: +40% Pudgy Pneguing (PENGU) Price: $0.01639 24-Hour Gains: +13% LidoDAO (LDO) Price: $2.30 24-Hour Gains: 12% Neo (NEO) Price: $14.93 24-Hour Gains: +10% Top Crypto Loser Prices Today Fartcoin (FARTCOIN) Price: $0.8936 24-Hour Loss: -14% Official Melania Meme (MELANIA) Price: $1.84 24-Hour Loss: -10% SPX6900 (SPX) Price: $1.17 24-Hour Loss: -8.%% Onyxcoin (XCN) Price: $0.03169 24-Hour Loss: -7% Nevertheless, future prospects for the broader market remain bullish as market experts believe the bull cycle has yet to peak. Renowned expert Michaël van de Poppe posted on X , despite the rising inflation, stating that it is very “hard to say that the bull market has peaked.” This statement comes as Michaël spotlights how institutions and the entire U.S. government is interested in Bitcoin and adopting Web3. The post Crypto Prices Today Feb 1: BTC Slips, ETH & Meme Coins Surge, QTUM Up 40% appeared first on CoinGape .
The post XRP Price Prediction For February 1 appeared first on Coinpedia Fintech News As we enter February, XRP has been facing some consolidation, with the price staying relatively stable in the last few days. This price action is happening just below its recent swing high of $3.40, which was reached on January 16th. In order for XRP to break into new all-time high territory, this level needs to be breached. Short-Term Price Action: Sideways Consolidation Currently, XRP is experiencing a period of sideways consolidation, hovering just below the $3.10 mark. While the price hasn’t made any major upward moves recently, this could simply be a temporary phase before a potential breakout. Long-Term Outlook: A Possible Fifth Wave Looking at the long-term chart, XRP seems to be in the midst of a fifth wave that could complete a longer-term uptrend. Once this wave is completed, it’s possible that the market will experience a correction or pullback. These pullbacks could range from a smaller wave four to a larger and more significant correction. While the short-term outlook looks positive, the longer-term view suggests that after the wave five completes, there may be a major retracement. Key Price Levels to Watch Short-Term Support : The price has been finding support around key levels, especially on January 27th, where a potential bottom was marked in wave two. Short-Term Resistance : The $3.40 area remains a significant resistance level. A break above this would target higher prices, with $4.20, $5, and $6.62 as the next potential upside levels. However, if the price drops below certain levels, it would suggest that the larger wave two correction is still happening. Potential Risks: Break Below $2.52 The market could still face setbacks, as breaking the all-time high isn’t an easy task. If XRP drops below $2.52, it may mean a larger correction is taking place. A move below $2.52 could suggest that wave four is still unfolding as a larger correction, and the $1.96 level would then come into focus.
Dogwifhat has responded to delays in getting the token's logo on the Las Vegas Sphere, a project supporters began fundraising for back in March of the previous year.
The post SEC’s Legal Battle with XRP Could Delay ETF Approval, Bloomberg Analyst Warns appeared first on Coinpedia Fintech News As January ends, the excitement around XRP and its potential ETF is building. Grayscale has officially filed for an XRP spot ETF on the NYSE, and this has investors buzzing. Grayscale has been a key player in pushing forward Bitcoin and Ethereum spot ETFs, which makes their move toward XRP important. This filing could pave the way for more crypto ETFs. Other companies, such as Canary Capital and Bitwise, have also applied for XRP spot ETFs. There’s even talk about BlackRock potentially submitting their own ETF application for XRP, and Grayscale has also filed for a Solana spot ETF. Meanwhile, companies like 21Shares, Bitwise, and Frank Templeton are considering their own applications for various crypto ETFs, including Dogecoin and Litecoin. The SEC has already acknowledged Litecoin’s ETF application, and while Bitcoin and Ethereum initially launched as Futures ETFs before becoming spot ETFs, Grayscale played a major role in that process. This growing momentum for crypto ETFs is undeniably bullish for the industry, particularly for coins like XRP that might eventually see ETF approval. However , Bloomberg analyst James Seyffart has issued a warning, suggesting that while XRP ETFs might be approved in 2025, it’s likely that ETFs for other cryptocurrencies, such as Litecoin, will be prioritized. He said that the ongoing SEC lawsuit regarding XRP, which argues that the cryptocurrency is a security, remains a barrier to its ETF approval. “There’s some more work that needs to be done on that front that doesn’t need to happen with something like Litecoin. The SEC has never called Litecoin a security so, I wouldn’t be surprised if you see Litecoin come first,” he said.
Earlier today, Sam Altman admitted that OpenAI has been “on the wrong side of history” regarding open source AI. However, he also added that not everyone at the company shares this view. Sam Altman appeared on Reddit for an “Ask Me Anything” session along with his team. In reply to a comment, Altman stated that OpenAI is discussing the possibility of releasing model weights and research to the public. He said, “I personally think we have been on the wrong side of history here and need to figure out a different open-source strategy.” Sam Altman’s reply to a user on Reddit. He also says that the OpenAI team maintains different perspectives about this matter, and the company is focusing on other priorities at the moment. OpenAI will maintain “less of a lead” after DeepSeek’s launch DeepSeek made its debut with disruptive results as Nvidia experienced its worst single-day stock market downturn. The company claimed to have built advanced AI models with training costs amounting to only $5.6 million, sending stock prices plummeting and removing nearly $600 billion from Nvidia’s market worth. In another statement , Altman addressed the current market chaos: “We will produce better models, but we will maintain less of a lead than we did in previous years.” Sam Altman’s reply to a user on Reddit. Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here
Shiba Inu (SHIB) is once again in the spotlight as its burn rate skyrockets over 60,000%, signaling potential bullish momentum. This sharp increase in token burning reduces SHIB’s total supply, which could enhance demand and drive up its price. Investors are optimistic that this strategy will contribute to a price rebound in the coming months. … Continue reading "Shiba Inu’s Burn Rate Soars 60,000%, Boosting Investor Optimism" The post Shiba Inu’s Burn Rate Soars 60,000%, Boosting Investor Optimism appeared first on Cryptoknowmics-Crypto News and Media Platform .
APT's recent price action has been bearish, but this might change soon.
As market favorites falter and a newcomer ascends, investors are reevaluating where to place their bets. XRP and Dogecoin (DOGE), once leaders in the crypto sphere, are now experiencing downturns, prompting doubts about their future viability. On the other hand, Web3Bay (3BAY) , an emerging project in the crypto world, continues its ascent and is increasingly seen as a potential game-changer. Could this be the Next Crypto to Explode? Let’s delve into the reasons Web3Bay is drawing investor interest. XRP’s Challenges: Legal Hurdles and Market Sluggishness Long seen as a heavyweight in the crypto arena, Ripple’s XRP is designed to streamline international transactions. Yet, its progress has been hampered by ongoing legal disputes with the U.S. Securities and Exchange Commission (SEC), which cloud its growth prospects. Although there have been some wins in court, the ongoing litigation contributes to uncertainty regarding XRP’s compliance status. Additionally, emerging competitors in the global payment blockchain space pose a threat to XRP’s dominance. Its inability to overcome key price resistance levels makes it a less attractive option for those looking for substantial short-term gains. Dogecoin’s Decline: From Excitement to Caution Dogecoin, known for sparking a frenzy in 2021 through viral social media influence and celebrity endorsements like those from Elon Musk, is now seeing a shift. The market is gravitating towards projects with solid, real-world applications, highlighting Dogecoin’s limited utility. Dogecoin’s reliance on speculative trading rather than technological innovation has resulted in diminished interest. Although it retains a devoted base, the prospects for substantial growth are becoming more unlikely, especially when compared to rising stars like Web3Bay. Web3Bay’s Rise: Transforming Decentralized E-Commerce While XRP and DOGE are struggling, Web3Bay is quickly becoming a significant player. As a decentralized e-commerce platform, Web3Bay uses blockchain technology to create a secure, transparent, and user-friendly marketplace. This new method poses a challenge to established platforms like Amazon and eBay. Web3Bay removes middlemen, allowing buyers and sellers to connect directly. Transactions are managed with its native token, 3BAY, and secured by blockchain-based smart contracts. Furthermore, Web3Bay offers both cryptocurrency and traditional payment options such as PayPal, appealing to both crypto enthusiasts and the general public. The platform’s presale has significantly contributed to its growth, raising over $1 million so far. Early backers see its potential to shake up the trillion-dollar e-commerce sector, and its appealing presale prices have boosted its attractiveness. Currently priced at $0.004562 in presale, the 3BAY token presents a remarkable chance for early backers. With an expected launch price of $0.1959, investors could see a 4,193% return on investment at launch. If the token hits $0.50 in the future, a simple $1,000 investment now could potentially increase to $10,960, showcasing its potential. Wrapping Up: Next Crypto to Explode The cryptocurrency market constantly changes, with new entries challenging established cryptocurrencies. As XRP and DOGE encounter increasing difficulties, Web3Bay is emerging as a strong candidate for the Next Crypto to Explode. Its fresh take on decentralized e-commerce, solid presale results, and substantial growth prospects position Web3Bay as one of the most promising new projects. With over $1 million already raised in crypto presale and an anticipated ROI of over 4,000%, this offers an exceptional chance for early investors to get involved at the start of a potentially high-growth venture. The real question is not if Web3Bay will succeed, but rather how significant its impact will be. As the platform continues to grow, now could be the ideal moment to consider what might become one of the most profitable investments of 2025. Are you prepared to be part of the Web3Bay movement? 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 Web3Bay Rises: Analysts Question Whether This Is the Next Crypto to Explode as XRP & DOGE Dip appeared first on TheCoinrise.com .
According to data sourced from Farside and Trader T, the US Bitcoin Spot ETF has witnessed a substantial net inflow of approximately $318.3 million on January 31st. This marks the