US FOMC Meeting Highlights: As the US Federal Reserve’s two-day policy meeting commences on January 30, anticipation builds around the central bank’s stance on interest rates, with widespread expectations for rates to hold steady. Market watchers are keenly awaiting signals from Fed Chair Jerome Powell regarding potential rate reductions later in the year, amidst a backdrop of easing inflation and strong consumer spending. Analysts predict the possibility of rate cuts beginning as early as May or June, considering the resilient US job market and inflation rates still above the Fed’s 2% target.
Crypto News LIVE: Cboe BZX Withdraws Global X Bitcoin ETF Listing Proposal
The Cboe BZX Exchange has retracted its proposal to the SEC for listing the Global X Bitcoin Trust, initially submitted in August 2023. This withdrawal follows the SEC’s historic approval of spot Bitcoin ETFs on U.S. exchanges, with speculation rising about potential approval for Ether ETFs.
Crypto News LIVE: Ethereum Rebounds to $2,345 Amidst Growing Network Activity
Ethereum has rebounded to $2,345, marking its first significant recovery since the decline on January 22nd. The network is experiencing a notable increase in active addresses and overall network growth, indicating enhanced utility and supporting a rising market cap for ETH.
📈 #Ethereum has returned to a $2,345 value for the first time since its fall began on January 22nd. The network is encouragingly rising in active addresses and network growth. Increased utility is a primary pillar to justify an increasing $ETH market cap. https://t.co/nyXkLceYDX pic.twitter.com/i9N9yaggB5
— Santiment (@santimentfeed) January 30, 2024
Crypto News LIVE: Abracadabra Money Hit by $6.49M Ethereum Cauldron Exploit
Abracadabra Money’s Ethereum cauldrons were exploited for $6.49 million, temporarily depegging its Magic Internet Money (MIM) stablecoin. Initially funded by Tornado Cash and identified by PeckShield, the exploit involved a potential rounding issue in loan transactions.
We are aware of an exploit involving certain cauldrons on Ethereum.
Our engineering team is triaging and investigating the situation.
To the best of its Ability, the DAO treasury will be buying back MIM from the market to then burn.
More updates are coming.
— 🧙🏼♂️ (@MIM_Spell) January 30, 2024
Crypto News LIVE: Grayscale Moves 4,418 BTC to Suspected Coinbase Address
Arkham’s data reveals that Grayscale transferred 4,418 BTC, valued at around $191 million, to an address believed to be Coinbase Prime Deposit at 22:20 UTC on January 30. This significant move is part of Grayscale’s ongoing transactions, showcasing the active management of their substantial Bitcoin holdings.
Crypto News LIVE: Invesco Galaxy Slashes BTCO ETF Fees to Boost Appeal
Invesco and Galaxy have reduced the long-term fee on their Bitcoin ETF, BTCO, from 39 to 25 basis points. This change comes alongside a fee waiver offer of 0% for the first six months or until it reaches $5 billion in assets, enhancing the attractiveness of their ETF product.
We have @InvescoUS & @galaxyhq cutting the long term fee on their #Bitcoin ETF from 39 bps to 25 bps.
(Yes they have the fee waiver to 0% for first 6 months or $5 billion in assets). Story from @emily_graffeo & @kgreifeld pic.twitter.com/Erk2NU9kVF
— James Seyffart (@JSeyff) January 29, 2024
Crypto News LIVE: Tuur Demeester Foresees Spike in Bitcoin ETF Purchases
Bitcoin evangelist Tuur Demeester predicts a significant rise in Bitcoin purchases by spot ETF issuers, expecting an increase of 20x post-April’s halving event. This forecast aligns with Samson Mow’s observation that current ETF acquisition rates are crucial yet underappreciated, as two ETFs alone are buying 10x the daily Bitcoin output of miners.
Indeed, the top 2 bitcoin ETFs are enabling the buying of ˜9k BTC a day, which is 10x more than total mining supplies per day, and in 3 months (after the halving) that'll be 20x more. The ETFs are a huge deal. https://t.co/IfgloPh23m
— Tuur Demeester (@TuurDemeester) January 29, 2024
Crypto News LIVE: XRP Ledger Set for AMM Launch with Growing Validator Support
The XRP community is considering introducing an automated market maker (AMM) on the XRP Ledger, with increasing support from validators for the XLS-30 amendment. Following the release of Rippled version 2.0.1, key validators, including XRPL Labs and XRPScan, are preparing to vote ‘yes,’ moving closer to the required 80% endorsement for AMM implementation. This feature promises passive income opportunities for XRP holders.
Crypto News LIVE: Visa and Transak Enable Direct Crypto to Fiat Withdrawals
Visa, in collaboration with Web3 infrastructure provider Transak, has launched a new service allowing users to withdraw cryptocurrencies directly to Visa debit cards. This integration, part of Visa Direct, enables users from 145 countries to convert over 40 cryptocurrencies to fiat at 130 million merchant locations, significantly bridging the gap between crypto and traditional finance.
US FOMC Meeting Live Updates: Analysts Foresee Changes Post Wednesday's Fed Announcement
Market analysts anticipate the Federal Reserve to cut interest rates at five of the eight FOMC meetings this year. However, this expectation may shift following Wednesday’s FOMC, where the Fed is expected to highlight a data-dependent approach to its monetary policy decisions.
The market currently projects that the Fed will cut rates at 5 out of the 8 FOMC meetings this year.
I'd expect this to reprice following Wednesday's FOMC, where the Fed are likely to emphasise a data dependent approach 📊 pic.twitter.com/b8NPGGiF7n
— ted (@tedtalksmacro) January 30, 2024
Crypto News LIVE: Circle Brings USD Stablecoin to Celo's Layer 2 Network
Circle, the issuer of stablecoins like USDC and EURC, is set to introduce its USD-pegged stablecoin on Celo, transitioning into an Ethereum Layer 2 scaling network.
Crypto News LIVE: German Police Seize $2.17B in Bitcoins from Piracy Crackdown
German authorities have made history by seizing nearly 50,000 Bitcoins, valued at a staggering $2.17 billion, in a crackdown on commercial piracy websites. The fate of these seized Bitcoins remains uncertain as investigations into the case continue.
Crypto News LIVE: Binance Rebounds in Market Share Post-$4.3B Settlement
Binance has seen a resurgence in its trading volume market share, reaching 49% just two months after settling its $4.3 billion case with the U.S. Department of Justice.
Two months post-settlement, Binance's market share is recovering.
Volumes rose to 49%, up from multi-year lows. pic.twitter.com/Xuo4JQxpY9
— Kaiko (@KaikoData) January 29, 2024
Crypto News LIVE: UAE Completes First Cross-Border CBDC Transfer to China
The UAE Central Bank has successfully executed its first cross-border digital dirham transfer to China using the mBridge CBDC platform, marking a significant milestone in digital currency transactions. This breakthrough, part of the mBridge project involving China, Hong Kong, Thailand, and the UAE, showcases the platform’s ability to facilitate real-time, peer-to-peer transactions.
Crypto News LIVE: Analyst Ali Foresees Bitcoin Climbing to $60,000 Mark
Crypto analyst Ali notes a bullish trend for Bitcoin, observing a strong rebound after hitting the mean MVRV pricing band. Following a bounce at $40,500, there’s growing potential for BTC to climb towards the $60,000 mark, aligning with the 1.0 standard deviation line.
During past bull markets, #Bitcoin rebounded strongly after touching the mean MVRV pricing band.
We're witnessing a similar pattern now. With the recent bounce from the mean MVRV at $40,500, there's potential for $BTC to surge to the 1.0 standard deviation line at $60,000! pic.twitter.com/mHXI5R3BSP
— Ali (@ali_charts) January 30, 2024
Crypto News LIVE: MyDoge Successfully Counters X Account Hacking Incident
The MyDoge Wallet successfully thwarted a hacking attempt on its X account, quickly regaining control and alerting users to check for suspicious “Delegate Access.” This incident comes amidst a significant surge in the Dogecoin network, with a record 247,240 new DOGE addresses created on Jan. 29, marking a possible positive trend for DOGE prices.
🚨 Attention! 🚨
A hacker was able to post messages on our account using "Delegate Access" which was added during the previous hack and was undetected until now.
We've regained control, removed the bad actor and informed @X of the situation.
Everyone should check the…
— MyDoge Wallet (@MyDogeOfficial) January 30, 2024
Crypto News LIVE: Ethereum's Vitalik Unveils Vision for AI in Crypto
Ethereum co-founder Vitalik Buterin explored the potential of combining crypto and AI, highlighting four key classifications. He emphasized that the most promising applications are those where AI players operate within existing mechanisms, enhancing efficiency and scale. Buterin’s insights point towards a future where AI integration could revolutionize crypto operations.
The promise and challenges of crypto + AI applications:https://t.co/ds9mLnshLU
— vitalik.eth (@VitalikButerin) January 30, 2024
Crypto News LIVE: Tether's EURT Struggles Against Circle's EURC Since Nov
Tether’s euro-pegged stablecoin EURT has been trading at a discount since November 2023, struggling against competitors like Circle’s EURC. Kaiko’s data reveals this trend amidst a fragmented EUR stablecoin market, with the majority of euro trade volume concentrated in just five crypto exchanges.
Crypto News LIVE: Floki Blocks Hong Kong Users After SFC Warns of High-Risk Staking
The Floki memecoin project has blocked Hong Kong users from its staking program following warnings from the Hong Kong Securities and Futures Commission about high-risk investments. In response to the SFC’s concerns about overpromised high returns, Floki emphasized the volatile nature of rewards and paused its offline marketing in Hong Kong.
We just published a response to the Hong Kong SFC's notice about the Floki and TokenFi staking programs.
Our response highlights our thoughts about their notice, why $FLOKI and $TOKEN can sustainably have an impressively high APY, and our plans going forward!… pic.twitter.com/YfpnnDMhfq
— FLOKI (@RealFlokiInu) January 29, 2024
Crypto News LIVE: Solana Price Prediction: Are SOL Bulls Ready To Shape The Trend To $150 Soon?
Solana price has recently demonstrated a positive trend, showcasing a notable upward momentum over the last day. Currently stabilizing above the crucial $100 mark, this follows a period of correction that spanned a week. Presently, Solana’s value stands at $103, marking an impressive 6% increase within a 24-hour window.
If $SOL starts closing above $103.5 it’s going to get very interesting – key level to flip for higher pic.twitter.com/aRL9aPEZOO
— Johnny (@CryptoGodJohn) January 30, 2024
A key observation by cryptocurrency analyst Johnny, shared via a X post, highlights an important aspect. Johnny suggests that if Solana consistently trades above $103.5, it might signal an exciting phase, emphasizing this as a critical threshold to initiate further gains potentially.
Crypto News LIVE: Pennant Pattern Breakout Could Lead Cardano (ADA) Price Rally for $0.7
Analysis of the daily chart reveals that the Cardano (ADA) price is forming a pennant pattern during its current correction phase. This pattern indicates the asset is consolidating within two converging trendlines, potentially to revitalize its bullish momentum. Presently trading at $0.528, a breakout above the pattern’s upper trendline could enable buyers to drive a rally toward $0.7.
Crypto News LIVE: Dogecoin (DOGE) Price Eyes Key Resistance for Major Upswing
Dogecoin, the leading meme cryptocurrency, is currently in a sideways market, oscillating between $0.0877 and $0.075. The lower boundary of the range coinciding with the 61.8% Fibonacci retracement level and the 200-day EMA, forms a key Area of Interest for buyers. A move above the $0.0877 resistance might trigger a 22% rally, aiming for the symmetrical triangle’s upper trendline at $0.106.
Crypto News LIVE: Reap Partners Chainalysis To Fortify Compliance & Risk Management
Reap, a prominent payments tech company bridging Web2 & Web3 finances, recently announced plans to merge forces with Chainalysis, a leading blockchain data platform. With this partnership, Reap aims to strengthen its transaction monitoring, leveraging Chainalysis’s risk solutions and plans to offer its users seamless services.
Crypto News LIVE: Italy Watchdog Slates OpeanAI's ChatGPT In Violation Of Privacy Rules
Italy AI watchdog Garante recently stated that OpenAI’s AI chatbot ChatGPT breaches data protection rules ruled out within the nation. The regulatory body is now pressing ahead with an investigation that started last year.
Crypto News LIVE: Wallets Offload Over 400K PENDLE As Token Reaches ATH
As per data revealed by Spot on Chain, two wallets, likely to be investors of Pendle Finance, a DeFi platform, recently offloaded 477,211 PENDLE to Binance amid the token’s ATH price pump.
As $PENDLE reached its new ATH today, two wallets (likely investors of @pendle_fi) deposited 477,211 PENDLE ($1.27M) to #Binance at ~$2.66.
Notably, they vested 1.06M $PENDLE in 2022 and 2023, when the price was only ~$0.146!
Now still hold 487.5K $PENDLE ($1.31M) and are… pic.twitter.com/y1t19VC6ey
— Spot On Chain (@spotonchain) January 30, 2024
Crypto News LIVE: Top Crypto Analyst Illuminates Sudden Spike In Dogecoin Addresses
Crypto market analyst Ali Martinez recently highlighted a whopping 1100% surge in new Dogecoin addresses over the past week. On-chain data suggests a record-breaking 247,240 new DOGE addresses created, jotting an ATH as of January 29.
The #Dogecoin network is witnessing a remarkable surge in growth, with new addresses increasing by a staggering 1,100% over the past week!
On January 29 alone, a record-breaking 247,240 new #DOGE addresses were created, marking an all-time high. A sustained uptrend in network… pic.twitter.com/7tNAPzJaP2
— Ali (@ali_charts) January 30, 2024
Crypto News LIVE: Binance Unveils Plans To SellOff Stake In Gopax
Binance, the world’s leading cryptocurrency exchange, recently announced plans to sell its stake in Gopax, a renowned cryptocurrency exchange in South Korea. With this, Binance aims to reduce its stake in the South Korean crypto exchange following the heightened scrutiny by the FSC (Financial Services Commission).
Crypto News LIVE: Top Analyst Spotlights A Spike In Bitcoin Whales Amid Recent Correction
Ali Martinez, a prominent crypto market analyst, spotlights Bitcoin’s current market dynamics, showcasing the surge in new BTC whale addresses amid the token’s recent price correction. According to Martinez, nearly 67 new whales now hold 1,000 BTC or more, nabbing significant attention globally.
While some shivered with fear during the recent price correction, #Bitcoin whales were accumulating more $BTC!
Around 67 new entities now hold 1,000 #BTC or more, marking a 4.50% increase in two weeks. pic.twitter.com/tje3fhznRR
— Ali (@ali_charts) January 30, 2024
Crypto News LIVE: GBTC Outflows Now Below $200 Mln A Day
The gradual decrease of GBTC ETF outflows has now hit a record low, plunging nearly 25% from the $255 million mark as of January 26. Meanwhile, this also suggests a fall in the Bitcoin selling pressure, with a possibility of another run pre-halving.
Bitcoin ETF Flow – Day 12
GBTC flow data out
$192m outflow
— BitMEX Research (@BitMEXResearch) January 29, 2024
Crypto News LIVE: FOMC Meeting 2024 Looms, What's In Store For The Crypto Market?
The FOMC (Federal Open Market Committee) meeting is all set to commence on Jan 30- 31 with Jerome Powell’s speech, much-eyed by crypto market fanatics across the globe. With a high probability of slashed interest rates, the crypto market anticipates a boost.
Crypto News LIVE: US SEC Litigates HyperFund Crypto Scheme Founders
The U.S. SEC (Securities and Exchange Commission) recently charged the $1.7 billion HyperFund crypto scheme founders Xue Lee and Brenda Chunga, underlining risks and regulatory challenges that emerge within the crypto realm.
Crypto News LIVE: Tether (USDT) Supply On Exchanges Surge
Tether (USDT), a stablecoin, recently witnessed a rapid surge in its circulation on exchanges, hinting at more significant purchasing potential across the broader crypto market. This further aligns with the ongoing mid-term bull cycle, nabbing substantial attention globally.
Crypto News LIVE: Binance Adds ALT To Simple Earn
Binance recently revealed that the crypto exchange has now added ALT to Binance Simple Earn, offering users up to 10.9% APR in rewards.
We’ve now added $ALT to #Binance Simple Earn!
Get up to 10.9% APR in rewards by subscribing to Simple Earn Locked Products.
Start here ➡️ https://t.co/uWzCrok0aI pic.twitter.com/SyOIBRBlKQ
— Binance (@binance) January 30, 2024
Crypto News LIVE: Storj Team Moves 2 Mln STORJ To Binance Right Before Price Drop
As per blockchain data revealed by Spot on Chain, the Storj team recently deposited 2 million STORJ, worth $1.42 million, to Binance just prior to a 6% price drop. Intriguingly, the team has dumped 28.9 million STORJ to Binance whenever the price jumped since November 9, 2023. Moreover, the STORJ price always veered to drop subsequent to the team’s deposits.
The @storj team deposited another 2M $STORJ ($1.42M) to #Binance ~3 hours ago, right before the price dropped ~6%.
Overall, the Storj team has deposited 28.9M $STORJ to #Binance at ~$0.821 whenever the price rose since Nov 9, 2023.
And the $STORJ price then tended to drop after… pic.twitter.com/leG5HMJNgK
— Spot On Chain (@spotonchain) January 30, 2024
Crypto News LIVE: Ripple Shifts 46 Mln XRP To Unknown Wallet
Ripple recently shifted 46.34 million XRP, worth $24.74 million, to an unknown wallet, rP4X2hTa7A…7XZ63sKxv3, as per data unveiled by Whale Alert. This piqued traders’ curiosity globally as the transaction surfaced amid the Ripple-backed token’s price pump.
🚨 46,340,000 #XRP (24,746,250 USD) transferred from #Ripple to unknown wallethttps://t.co/5Tr5MjBt2m
— Whale Alert (@whale_alert) January 30, 2024
Crypto News LIVE: Magic Eden Unveils Multi-Chain Wallet
Magic-Eden, a renowned NFT marketplace, recently unveiled the launch of its new multi-chain wallet for numerous NFT needs, such as seamless cross-chain swaps, NFT portfolio management, etc.
Introducing Magic Eden Wallet: the only wallet you'll need for all your multi-chain NFT needs.
💧Instant cross-chain swaps
💧NFT portfolio management
💧Native Ordinals & BRC20 support
💧End to end rare sats managementPlus we have some amazing perks for users (1/2) 👇 pic.twitter.com/BG1Eve6OP3
— Magic Eden 🪄 (@MagicEden) January 29, 2024
Crypto News LIVE: Bitcoin ETF Ads Go LIVE On Google In The US
In a cyclone of breakthroughs curated by the Bitcoin spot ETFs, the financial products have now made another monumental achievement. It appears that Google, a tech giant, revised its ad policies recently, enabling crypto trust products such as Bitcoin ETFs-related ads to feature on its site. Leading market players such as VanEck, BlackRock, and Franklin Templeton are already featuring their ads for Bitcoin ETF offerings in the US.
Crypto News LIVE: Shiba Inu Burn Rate Soars 1500%
Shiba Inu, a renowned meme coin, jotted down a whopping 1568% surge in its burn rate today, garnering noteworthy attention among crypto market enthusiasts globally. According to Shibburn’s data, 66.70 million SHIB was incinerated in the past 24 hours.
HOURLY SHIB UPDATE$SHIB Price: $0.00000926 (1hr -0.59% ▼ | 24hr 2.18% ▲ )
Market Cap: $5,464,218,483 (2.26% ▲)
Total Supply: 589,291,884,719,475TOKENS BURNT
Past 24Hrs: 61,701,457 (1568.27% ▲)
Past 7 Days: 113,346,274 (-58.5% ▼)— Shibburn (@shibburn) January 30, 2024
Crypto News LIVE: FTX-Linked Addresses Shift Staggering Amounts Of Assets To Binance & Coinbase
As per blockchain data unveiled by PeckShieldAlert, FTX-linked addresses shifted colossal amounts of four assets to Coinbase and Binance. These assets included 1K ETH, 44.122K CREAM, 981.4K ALPHA, and 435.4K HT. Notably, the transfer of HT was done to GSR Markets on Ethereum, birthing additional inferences among creditors.
#PeckShieldAlert #FTX/#Alameda addresses transferred 1K $ETH (worth ~$2.3M) to #Coinbase, 44.122K $CREAM (worth ~$701.5K) to #Binance, 981.4K $ALPHA (worth ~$637.9K) to #Binance & 435.4K $HT (worth ~$1.28m) to #GSRMarkets on #Ethereum pic.twitter.com/KrzNhC2XZJ
— PeckShieldAlert (@PeckShieldAlert) January 30, 2024
