Cryptocurrency News Highlights: Bitcoin, the world’s first-ever digital currency, once again echoed a tidal wave of frenzy across the broader crypto market on Saturday, as the token’s price chart showcased a substantial upswing. As of press time, the token’s price marked a 4.27% jump in the past 24 hours and is currently trading at $41,787, after a highly volatile movement over the past week. Meanwhile, altcoins like Ethereum, XRP, and Solana also noted an upsurge of 2%-5% today, nabbing significant attention globally.
On the other hand, Celsius and FTX moved a staggering $59.06 million worth of digital assets to a CEX, as per data by Spotonchain. Notably, Celsius moved 22,500 ETH, worth $50.78 million, to Coinbase, whereas FTX and Alameda shifted $8.28 million worth of 6 assets. These assets included ETH, OKB, MTL, PROM, YFII, and CREAM.
Crypto News LIVE: Vanguard Shuns Bitcoin ETFs Citing Asset Immaturity
With $7 trillion in assets, Vanguard dismisses the idea of incorporating spot Bitcoin ETFs, citing concerns over Bitcoin’s maturity and inherent economic value. The investment giant views Bitcoin as a potentially disruptive force in portfolios, lacking historical data and cash flow.
JUST IN: $7 trillion Vanguard says they're not allowing spot #Bitcoin ETFs because it is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.” pic.twitter.com/OYczxM1hQd
— Bitcoin Magazine (@BitcoinMagazine) January 27, 2024
Crypto News LIVE: Bloomberg Analyst: ETFs Redefine Finance, Bitcoin Joins
Bloomberg analysts echo the sentiment that the financial world is shifting towards an “ETF Standard,” with Bitcoin playing a significant role. The ETF market, valued at trillions, simplifies investment processes and diversifies portfolios, including recent forays into Bitcoin ETFs that offer new avenues for cryptocurrency investment.
This. https://t.co/Vp9khxfZBx
— Eric Balchunas (@EricBalchunas) January 27, 2024
Crypto News LIVE: Bitcoin Defies Trends Ahead of April 2024 Halving
Crypto analyst Gert van Lagen highlights an unusual trend in Bitcoin’s behavior, noting the lack of a parabolic move before the April 2024 halving. He points out that Bitcoin has turned the 0.618-0.786 Fibonacci zone into support, a historical precursor to significant price surges.
Not a parabolic move before the halving in April-24 would be unprecedented.
The green 0.618-0.786 Fibonacci zone has already been flipped to support after a wick to 0.786 and successful subsequent test of 0.618.
Historically always a parabolic move followed DIRECTLY.#Bitcoin pic.twitter.com/msgrzmNoWl
— Gert van Lagen (@GertvanLagen) January 27, 2024
Crypto News LIVE: Prosecutors Insist on Charges Against Ex-Celsius CEO
Former Celsius CEO Alex Mashinsky faces a firm stance from U.S. prosecutors, challenging his motion to dismiss criminal charges of commodities fraud and market manipulation. The legal battle intensifies as the court weighs the complexities of cryptocurrency classification and the implications of Celsius’ bankruptcy.
Crypto News LIVE: GBTC Hits $10 Billion Milestone, Tops ETF Market
Grayscale Bitcoin Trust (GBTC) leads the Bitcoin ETF market with a record-breaking $10 billion trading volume, outperforming peers amid overall market stabilization. Following significant outflows, GBTC’s recovery reflects growing investor confidence in Bitcoin, with the cryptocurrency’s price showing positive momentum.
Crypto News LIVE: Ripple Readies for ETF, Hires DeFi Expert Amid Legal Wins
Ripple gears up for a potential spot XRP ETF filing by hiring a Senior Manager for Business Development in Institutional DeFi, signaling a possible expansion in institutional cryptocurrency adoption. This move follows Ripple’s legal victories against the SEC, potentially paving the way for greater integration of XRP in traditional finance.
Crypto News LIVE: Ripple CTO to Present XRPL Vision at ETH Denver
Ripple’s CTO, David Schwartz, is set to share his insights on blockchain interoperability at ETH Denver summit. He will discuss the role of XRP Ledger (XRPL) in supporting a multi-chain future, along with updates on XRPL advancements like EVM programmability.
Join me at the first XRPL Zone of the year @ ETH Denver! Come hear me talk about blockchain interoperability and dive into the latest #XRPL advancements, including EVM programmability. Hope to see you there!
Register here:
https://t.co/wYPIl9PZyf https://t.co/sRiZFO4N5s— David "JoelKatz" Schwartz (@JoelKatz) January 26, 2024
Crypto News LIVE: OpenSea CEO Devin Finzer Hints at Acquisition Interest
OpenSea CEO Devin Finzer acknowledges acquisition interest, emphasizing that the platform is not seeking buyers. The leading NFT marketplace remains open to potential acquisitions, though specific details and timing remain undisclosed.
Crypto News LIVE: Crypto Scam Drains $12M, Reveals Security Vulnerabilities
Recent crypto phishing scam siphons $12 million in five days, exploiting cryptocurrency security gaps. Attackers leverage ERC20 permits to drain various tokens, including Chainlink, Tether, and more, raising concerns about user vulnerability and the need for heightened vigilance in the crypto community.
Crypto News LIVE: Terra Luna Classic Security Proposal Faces Validator Opposition
Terra Luna Classic‘s core security upgrade proposal faces rejection from validators due to concerns over the pay-per-job approach. Despite initial support, the vote now stands at 38% in favor and 53% against, as community members question the clarity of the guidelines, potentially hindering chain developments.
Crypto News LIVE: FTX Crypto Exchange Raises Cash Amid Bankruptcy
FTX crypto exchange is amassing cash by selling digital assets as it works on repaying frozen customer accounts. While the cash pile grew to $4.4 billion by the end of 2023, some customers are challenging a proposal that values their assets at the time of bankruptcy, potentially missing out on gains from the crypto market’s rebound.
Crypto News LIVE: Bitcoin Hovers at $40K, Analyst Sees Rebound
The Bitcoin market is cautiously optimistic as BTC stabilizes around $40,000, despite recent fluctuations and a record outflow from Grayscale’s Bitcoin ETF. Analyst CrediBULL Crypto suggests the potential for a rebound, though warns of possible dips, amid broader market trends and the impact of new Bitcoin ETF approvals by the SEC.
Crypto News LIVE: Coinbase CLO Questions SEC's Crypto Security Standards
Coinbase’s Chief Legal Officer, Paul Grewal, recently sparked a debate over the SEC’s definition of securities in the crypto world. Using the example of a Green Bay Packers certificate and a Bart Starr trading card, Grewal questioned the inconsistency in the SEC’s stance amid the ongoing legal battles involving Coinbase and Ripple.
Crypto News LIVE: John Bollinger Signals End to Bitcoin's 'Sell on News' Era
John Bollinger has hinted at a potential shift in Bitcoin’s market sentiment. In a recent tweet, he speculated that the trend of ‘selling on the news’ might be fading, as observed in Bitcoin’s latest movements.
OK, looks like we might be done with this "sell on the news" cr@p? $btcusd
— John Bollinger (@bbands) January 27, 2024
Crypto News LIVE: Grayscale GBTC Faces $255M Outflow, Other ETFs Gain $269M
Bitcoin spot ETFs witnessed a significant fluctuation on January 26, as reported by sosovalue. While Grayscale’s GBTC experienced a substantial net outflow of $255 million, other ETFs collectively saw a net inflow of $269 million, maintaining Grayscale GBTC’s net asset value at a robust $20.058 billion.
Crypto News LIVE: XRP Price Eyes $1.2 Level Following Strategic Market Moves, Anticipates Major Surge
XRP price has recently witnessed a notable uptick, climbing 3.56% in just 24 hours. This follows a week of downward trends, bringing today’s price to $0.5284. Analyst Egragg, in a recent tweet, highlighted the potential for significant growth based on XRP’s technical analysis. He emphasized the ‘Giant Cup Structure,’ suggesting a possible surge from $1.2 to an ambitious $27.
#XRP 21 EMA Monthly Time Frame ( $3.5, $6.5 & $27):
"The most complex matters needs the simplest solutions" @egragcrypto
Measuring Move Guideline: To kick off these measured moves, I assess the movement when #XRP price is positioned either above or on the 21 EMA.
Now, picture… pic.twitter.com/HIgYbepIY8
— EGRAG CRYPTO (@egragcrypto) January 27, 2024
Egragg’s analysis focuses on the 21 EMA (Exponential Moving Average) on a monthly timeframe, identifying critical price points at $3.5, $6.5, and $27. This method, he believes, simplifies complex market movements. By comparing current trends with previous patterns (labeled A, B, C), Egragg predicts potential jumps: a 4500% increase to $27, a 1000% rise to $6.5, and a 500% growth to $3.5.
Crypto News LIVE: Bear Trap Sets Ethereum Price Rally Back to $2700
The recent market correction saw Ethereum, the world’s second-largest cryptocurrency, fall beneath the support line of an ascending channel pattern. This decline marked a broke down of a sustained an 11-week rally, leading to bearish prospects for Ethereum Price. However, a mid-week surge saw buyers reclaim this crucial support level, turning the market’s downturn into what appears to be a bear trap. This resurgence of buying activity may empower buyers to aim for a rebound towards the $2700 mark.
Crypto News LIVE: MANTA Price Sees a 6% Surge Over the Weekend, But There's a Catch
Amid the currency relief rally in the crypto market, the MANTA Price showcases an aggressive rally under the influence of a rising wedge pattern. If the chart pattern holds, the altcoin could surge another 6% before hitting the overhead trendline. The MANTA holders can enjoy the current recovery until the pattern’s support trendline is intact.
Crypto News LIVE: Cathie Wood's Ark Invest Accumulates ARKB Bitcoin ETF & Tesla Shares
Cathie Wood’s investment management firm Ark Invest recently purchased 127,435 Ark 21Shares Bitcoin ETF (ARKB) worth $5.4 million and Tesla shares worth $33 million.
Crypto News LIVE: Magic Eden Unveils Multi-Chain Wallet
Magic Eden, the world’s leading community-centric NFT marketplace, recently hinted at the launch of a new multi-chain wallet on January 29.
Monday. pic.twitter.com/npXjnSB6ZR
— Magic Eden 🪄 (@MagicEden) January 26, 2024
Crypto News LIVE: OpenSea CEO Says Platform Open For Acquisitions
OpenSea CEO Devin Finzer recently stated that the NFT marketplace is now open to potential acquisitions. Although the firm is not diligently searching for acquirers at present, it remains open to acquisition deals.
According to DL News, OpenSea CEO Devin Finzer revealed that OpenSea has received acquisition intentions and remains open to potential acquisitions, but did not specify when and who would acquire it, and said that OpenSea is not actively looking for acquirers at present.…
— Wu Blockchain (@WuBlockchain) January 27, 2024
Crypto News LIVE: XRP Ledger Scales New Heights With 5 Mln Wallets
According to on-chain data spotlighted by Santiment, the XRP Ledger (XRPL) now flaunts 5.02 million distinct wallets on its network despite Ripple’s XRP facing significant selling pressure.
📈 #XRPLedger now has 5.02M distinct wallets that hold more than 0 $XRP coins, the most in its now 10+ years of public trading years. The #6 asset in #crypto by market cap has more than doubled such wallets in 3 years (+104%) as the network expands. https://t.co/YZBcHsOuSS pic.twitter.com/o0m6PKE0Re
— Santiment (@santimentfeed) January 27, 2024
Crypto News LIVE: Crypto Market Recovery: Why Are ETH, SOl, & XRP Surging?
The global crypto market witnessed massive shorts liquidated following the expiration of options, resulting in the upswing of ETH, SOL, XRP, and other tokens today.
Crypto News LIVE: Ben Armstrong Asserts HEX Not A Scam
Ben Armstrong, commonly known as BitBoy Crypto, recently claimed that the HEX cryptocurrency is not a scam. Ben’s comment appears to have sparked quite the buzz as he shared his views amid the recent SEC lawsuit against HEX founder Richard Heart.
Crypto News LIVE: Altlayer Price Springs 30% Amid Airdrop & Binance Listing
ALT, the native cryptocurrency of the Altlayer blockchain, noted a colossal surge of 28% this week, following the initiation of ALT airdrop, accompanied by the listing on Binance launchpool.
Crypto News LIVE: Germany Reveals 50K Fake Accounts Spreading Pro-Russian Messages On X.
The German government uncovered a grid of 50,000 fake accounts on X that were involved in spreading pro-Russian messages recently. Intriguingly, these accounts sent over 1 million German-language posts last month that criticized the German government’s handling of Ukraine and refugees.
NEWS: The German government has allegedly uncovered a network of 50,000 fake accounts on X spreading pro-Russian messages.
Last month, the accounts reportedly sent over 1 million German-language posts, mostly criticizing the 🇩🇪 government's handling of Ukraine and refugees pic.twitter.com/LQHyBJ187q
— X News Daily (@xDaily) January 27, 2024
Crypto News LIVE: HTX Unveils WIF Perpetual Listing
Justin Sun’s HTX exchange recently revealed plans to list WIF/USDT perpetual futures with up to 20x leverage for long and short trades.
🧢New Perpetual Listing!
#HTX adds $WIF /USDT perpetual futures with up to 20x for long and short trades.Details:https://t.co/6SZoVz5sWP pic.twitter.com/1whB5ECC9c
— HTX Futures (@HTXFutures) January 26, 2024
Crypto News LIVE: Strike CEO Calls Bitcoin Legit, States Altcoins "A Load Of Garbage"
Strike CEO Jack Mallers recently shared a video wherein he lauded Bitcoin’s journey over the past years, claiming it to be a legitimate cryptocurrency that he trusts. Meanwhile, the CEO counterblasted altcoins, slating them to be a load of garbage within the crypto realm.
Bitcoin is legit but most crypto "is a load of garbage," says Strike CEO @jackmallers. pic.twitter.com/kN64JJHwsz
— Yahoo Finance (@YahooFinance) January 26, 2024
Crypto News LIVE: Solana-Based Backpack Unveils Jupiter Listing
The Solana-based trading platform Backpack recently revealed its plans to list the Jupiter (JUP) token as of January 31, 2024.
— Backpack 🎒 (@Backpack) January 27, 2024
Crypto News LIVE: NFTGo Unveils Partnership With Crypto Wallet SafePal
In a recent statement shared by the platform NFTGo, the firm announced its plans to integrate SafePal, a crypto wallet, into the NFTGo V3 Privilege Alliance, eyeing a more robust and exclusive discount for users using the platform.
Exciting news! We're thrilled to announce that @iSafePal has joined the NFTGo V3 Privilege Alliance!
Holders of the V3 Badge NFT can now enjoy exclusive discounts on purchasing the Safepal hardware wallet. Come and freemint your V3 NFT to unlock additional benefits. 🔽… pic.twitter.com/OtvaARo3cw
— NFTGo (@nftgoio) January 27, 2024
Crypto News LIVE: Mocaverse NFT Floor Price Upswings 360%
According to recent market data revealed by NFTGo, the Mocaverse NFT floor price has noted a 360% upswing over the past three months. The NFT collection also reached an ATH of 5.15ETH subsequent to the official announcement of MOCA.
.@MocaverseNFT has increased its floor price by 360% over the past three months. Moca reached a new all-time high of 5.15 ETH following the official announcement of $MOCA.
Now, Mocaverse is in the top 10 collections by market cap, valued at $89.17 million. pic.twitter.com/MkJXWFlz2u
— NFTGo (@nftgoio) January 27, 2024
Crypto News LIVE: Shiba Inu Burn Rate Dips, Sparks Speculations
The Shiba Inu burn rate jotted a 96.9% plunge today, birthing a tidal wave of speculations across the broader crypto market. The token’s price, however, traded in the green today, contrasting with the recent plunge in the meme coin’s burn rate.
In the past 24 hours, there have been a total of 387,207 $SHIB tokens burned and 5 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/B7GTfMTOAw
— Shibburn (@shibburn) January 27, 2024
Crypto News LIVE: Ethereum Whales Offload Over 37K ETH
As per on-chain data spotlighted by Whale Alert, two Ethereum whales collectively shifted 37,267 ETH, worth $84.34 million, to Coinbase.
🚨 🚨 14,768 #ETH (33,355,547 USD) transferred from unknown wallet to #Coinbasehttps://t.co/KKp5ZKONSp
— Whale Alert (@whale_alert) January 26, 2024
🚨 🚨 🚨 22,499 #ETH (50,796,435 USD) transferred from unknown wallet to #Coinbasehttps://t.co/bQ7En8FFny
— Whale Alert (@whale_alert) January 26, 2024
Crypto News LIVE: BLUR Tops Smart Money Token Inflow List
The BLUR token gained significant traction across the broader crypto market on Saturday as it emerged among the top three tokens on the smart money token inflow list unveiled by Nansen. With a 24-hour inflow of $4.17 million, the token simultaneously notes a price upswing, propelling immense optimism among crypto market enthusiasts globally.
Crypto News LIVE: GBTC Outflows Hit Rock Bottom On Day 11
Amid Bitcoin’s ongoing recovery journey, the GBTC outflows on day 11 hit a record low of $255.1 million, as per data illuminated by Bloomberg analyst James Seyffart.
The trend is your friend? Lowest outflow day for $GBTC since day 1 as an ETF. https://t.co/BIfGUhotm7
— James Seyffart (@JSeyff) January 26, 2024
Crypto News LIVE: Eleanor Terrett Says XRP Futures ETF Imperative For Spot ETF
Eleanor Terret recently stated that in order to have an XRP spot ETF, having XRP futures ETF is essential. Aligning with this, she also drew parallels between the recent spot BTC ETF approval and the CME Bitcoin futures market.
In order to have an $XRP spot ETF, there will first need to be a futures ETF.
Part of getting the $BTC spot ETFs approved was the @SECGov concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.
If $XRP gets a futures ETF… https://t.co/MPFVSherXK
— Eleanor Terrett (@EleanorTerrett) January 27, 2024
Crypto News LIVE: Trader Nabs Colossal Profit Trading WEN
As per data spotlighted by on-chain tracker Lookonchain, a trader made a whopping $682K profit by trading WEN for USDC today. Furthermore, the address still holds 7.6 billion WEN.
In just 14 hours, this trader made over $1.6M trading #MEME coin $WEN!😱
He spent 125.5K $USDC to buy 20B $WEN when $WEN opened trading, and sold 12.5B $WEN for 807K $USDC, realizing a profit of $682K.
And currently holds 7.6B $WEN($941K), with an unrealized profit of $941K. pic.twitter.com/0adU5BzGSv
— Lookonchain (@lookonchain) January 27, 2024
