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) ↗
Investor Chris Burniske suggests Donald Trump’s new memecoin, TRUMP, could spark a phase akin to the 2017 ICO boom, despite not planning to buy it himself. The launch rapidly reached a $64 billion valuation. #Update #Crypto $TRUMP (+6) ↗
Ethereum co-founder Vitalik Buterin announces leadership changes at the Ethereum Foundation to enhance technical expertise, communication, and support for app builders while maintaining neutrality and user protection. #Update #Crypto $ETH (+3) ↗
@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) ↗
Veteran crypto analyst @davthewave suggests $BTC could see a parabolic spike beyond all-time highs, with resistance at $105,000 already surpassed as Bitcoin trades at $108,386. Potential targets include $130,000 by May and $170,000 using Fibonacci extensions. #Update #Crypto $BTC (+6) ↗
@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) →
Pseudonymous analyst @Pentosh1 predicts an altcoin rally as the OTHERS chart, excluding top 10 coins and stablecoins, nears a $500B resistance. TOTAL could see an 18% surge from its current $3.553T level. #Update #Crypto $OTHERS (+3) ↗
Prominent crypto analytics platform @santimentfeed warns that several altcoins, including $WLD and $SPX, are being sent to exchanges in large volumes, signaling potential bearish trends. Bitcoin wallets holding 100+ BTC hit their second-highest level since 2017. #Update #Crypto $WLD (-3) ↘
Venture capitalist Chris Burniske predicts a “Goldilocks period” for crypto with steady growth as the US welcomes a pro-crypto administration, potentially ending Bitcoin’s ($BTC) four-year cycle. He highlights that ETFs could stabilize market drawdowns. #Update #Crypto $BTC (+3) ↗
Starknet, a layer-2 scaling solution for Ethereum, has topped @santimentfeed’s ERC-20 development activity rankings with 401.97 notable GitHub events in the past 30 days. $STRK is trading at $0.455, up over 7% in 24 hours. #Update #Crypto $STRK (+4) ↗
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) ↘
Crypto analyst Inmortal suggests @solana may rise 18% as it forms a bullish pattern, while $BTC could hit $127,000 by February. Meanwhile, Stacks ($STX) shows potential for a reversal after a swing failure pattern. #Update #Crypto $SOL (+3) ↗