Crypto Surge: $2.2B Institutional Inflows
Digital asset investment products saw inflows of $2.2 billion last week amid Trump inauguration euphoria, led by $BTC at $1.9 billion, pushing total AuM to a record $171 billion. #Update #Crypto $BTC (+7) ↗
Digital asset investment products saw inflows of $2.2 billion last week amid Trump inauguration euphoria, led by $BTC at $1.9 billion, pushing total AuM to a record $171 billion. #Update #Crypto $BTC (+7) ↗
Ethereum’s $ETH price has rebounded to $3,346, reflecting a 10% weekly increase as it approaches the $3,500 resistance level amid renewed market optimism. Analysts highlight rising funding rates and futures market dynamics as key indicators for potential further gains. #Update #Crypto $ETH (+4) ↗
@Coinbase has added Donald Trump’s official memecoin, $TRUMP, to its listing roadmap. Trading at $58.45, $TRUMP’s fully diluted valuation is approximately $68 billion. Trump’s inauguration as the 47th President today may influence US crypto policy. #Update #Crypto $TRUMP (+6) ↗
Joseph Lubin, co-founder of @ethereumJoseph and CEO of ConsenSys, predicts the Web3 boom will surpass the dot-com era’s impact. He highlights $ETH’s appeal to large firms and foresees traditional businesses migrating to digital ledgers. #Update #Crypto $ETH (+6) ↗
@Coinbase anticipates a significant altcoin rally as traders prepare for market shifts following Donald Trump’s inauguration, driven by a dip in $BTC dominance and strong stablecoin inflows. #Update #Crypto $BTC (+5) ↗
@eToro is reportedly filing for a US IPO, bypassing the London Stock Exchange, with a $5 billion valuation target. The move aims to tap into deeper liquidity and investor awareness in the US market. #Update #Crypto (+4) ↗
Several financial giants, including @Tidal and VanEck, are filing for crypto-related ETFs as they anticipate the departure of Gary Gensler from the U.S. Securities and Exchange Commission. #Update #ETF (+3) →
David Sacks, soon-to-be-appointed czar of crypto and AI affairs, praised the Trump administration’s upcoming crypto policy changes at Trump’s crypto ball, declaring the end of a “reign of terror” against crypto. #Breaking #Crypto $BTC (+9) ↗
Venture capitalist Chris Burniske predicts a “Goldilocks period” for crypto with steady growth as the US welcomes a pro-crypto administration, potentially ending Bitcoin’s ($BTC) four-year cycle. He highlights that ETFs could stabilize market drawdowns. #Update #Crypto $BTC (+3) ↗
The price of @Cardano is targeting a bullish breakout to $6 after recovering from a 43% downturn, with analysts predicting a potential surge based on historical patterns. Recent data shows ADA rising above $1.1 despite a 4% pullback in the last 24 hours. #Update #Crypto $ADA (+3) ↗
A Russian man has been sentenced to seven years in prison for financially aiding the Ukrainian military through cryptocurrency, following an investigation by Russia’s Federal Security Service (FSB) under treason charges. #Breaking #Legal $BTC (-8) ↘
Cryptocurrency trader Ali Martinez suggests $ETH could see a breakout as whales buy over $1 billion in ETH, pushing prices potentially above $7,000. Ethereum is currently trading at $3,486. #Update #Crypto $ETH (+6) ↗
Data from @CoinGlass reveals the cryptocurrency derivatives sector faced $306 million in liquidations as $BTC and others rallied, with $154 million in long positions and $151 million in short ones. #Update #Crypto $BTC (→ 0)
President-elect Donald Trump plans to issue a crypto-related executive order on his first day in office, designating digital assets as a national priority and potentially creating a Bitcoin stockpile. #Breaking #Crypto $BTC (+9) ↗