Citi’s Bold Bitcoin Forecast and NEAR ETF Launch Highlight Crypto Developments
- Citi raised its Bitcoin price target to $113,000, anticipating a $5 billion influx into crypto funds within a year.
- NEAR Intents reported a $3.8 million loss due to a bug in its Omni deposit and withdrawal infrastructure.
- Zano conducted a rare rollback of its blockchain by 30 days after over $200 million in illicit token minting.
- Bitwise launched a NEAR ETF, offering approximately a 5% staking yield.
- The TRUMP memecoin hosted a gala with President Donald Trump, featuring VIP gold watches for attendees.
This week’s developments highlight significant movements in the cryptocurrency market, from Citi’s optimistic projections for Bitcoin driving institutional interest to security vulnerabilities affecting platforms like NEAR Intents and Zano. The launch of Bitwise’s NEAR ETF further underscores the growing institutional access to crypto assets.
Citi’s forecast of increased fund inflows and Bitwise’s new product offering signify expanding institutional confidence in cryptocurrencies despite ongoing security challenges faced by platforms like NEAR Intents and Zano. (Source)
