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VeChain ’s ( VET ) price had been slumping for most of 2023. However, the token began to generate steam towards mid-October and recently hit a yearly high of $0.038. VET is up nearly 20% in the 14-day charts and over 66% since the previous month. Since January, the token has rallied by over 130%. Source: CoinGecko However, VeChain (VET) could reach much higher levels, according to some crypto analysts. Analyst Egrag Crypto recently took to X and stated that VET hitting a price of $1.60 is a “feasible goal.” Also Read: VeChain: Here is How To Be a Millionaire When VET Hits $0.1 The analyst presents two price trajectories, “Move A” and “Move B.” The analyst highlights that VET had a similar pattern while climbing to its all-time high of $0.28 in 2021. According to the analyst, if VET takes the path of “Move A,” its price could surge three times its previous all-time high. On the other hand, “Move B” would result in a price target of $1.60. Source: Egrag Crypto However, VeCh

BlackRock officially named JPMorgan as an authorized participant for its pending Spot Bitcoin ETF. Upon any approval by the SEC, JPMorgan Securities and Jane Street Capital will be among the first financial firms to begin working with Bitcoin shares for investments. JUST IN: BlackRock names JPMorgan as an authorized participant for its Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) December 29, 2023 Also Read: Chainlink: Pink Drainer’s $4.4M Crypto Raid Sparks Industry Alarm In the latest amendment to its S-1, BlackRock brought itself to the starting gates for the Spot Bitcoin ETF race. Investors have long pursued a spot BTC ETF in the US. The Securities and Exchange Commission, fortunately, is expected to approve the first one as soon as January 2024. The SEC has long pushed back its decision on Bitcoin ETF approval in the US, citing multiple concerns. However, US courts have put pressure on the regulator to make a decision, raising the hype around the entire

Large XRP whale transfers to exchanges draw market attention. XRP’s price dips amid whale activity, but analysts remain optimistic. Technical indicators suggest a potential for XRP market reversal. Ripple’s XRP token recently drew attention after a pair of whale transfers were picked up by Whale Alert. According to the whale tracker, two large transfers moved a total of 46.60 million XRP to centralized exchanges. The first transfer saw 23.80 million XRP, valued at about $14.84 million, sent to Bitstamp, while the second moved 24.80 million XRP, worth roughly $15.46 million, to Bitso. XRP’s Market Performance Amidst Whale Transfers Amid these activities, XRP’s price experienced a slight downturn, dropping 1.95% to $0.6289 as of press time. Consequently, during the decline, XRP’s market capitalization and 24-hour trading volume dipped by 1.68% and 21.52% to $34,059,801,089 and $1,461,443,740 respectively.  XRP/USD 24-hour price chart (source: CoinStats)

Value Partners, a Hong Kong-listed company, is set on issuing blockchain tokens backed by physical gold and filing applications for crypto-related ETFs. According to local media Hong Kong Commercial Daily, the firm plans to tokenize its three tons of gold bars worth an estimated $201 million at current prices.  Value Partners already offers the only Hong Kong gold ETF backed by physical gold and believes digitizing its precious metal with blockchain technology will only improve accessibility for investors.  The move comes after gold hit its all-time high and traded at $2,150 on some venues in December 2023. Gold gained over 14% per data from TradingView. Gold 2023 stats | Source: TradingView You might also like: Hong Kong to allow retail investors to participate in spot ETFs Additionally, Value Partners disclosed its strategy to foray into cryptocurrencies. The Hong Kong asset manager is considering bringing several virtual currency exchange-traded funds to market. 

Bitzlato halts Bitcoin withdrawals amid co-founder’s guilty plea & legal turmoil. Bitzlato has experienced seizures to partial restoration amid DOJ allegations. Memeinator’s MMTR Presale has raised over $2.57 million as stage 10 nears its end. In a surprising turn of events, cryptocurrency exchange Bitzlato has temporarily suspended all Bitcoin withdraw als following its co-founder’s guilty plea and the subsequent decision to dissolve the platform. As legal battles unfold, users find themselves in uncertainty over the fate of their assets. Meanwhile, in the crypto space, Memeinator is offering a potential alternative investment opportunity with its ongoing MMTR presale , aiming to redefine the meme coin market. Bitzlato’s turmoil: co-founder’s guilty plea and asset seizures Bitzlato’s co-founder, Anatoly Legkodymov, recently pled guilty to operating an unlicensed money services business, leading to the dissolution of the exchange. This legal setback st

In the last 20 days, Bitcoin (BTC) has lost four percentage points of its cryptocurrency market dominance , fueling an alt season . A dominance loss means key cryptocurrencies are outperforming the leader, absorbing capital. Notably, these events are also known as altcoins’ rallies, or ‘alt season s’, if they overextend for a larger time frame. Cryptocurrency traders usually migrate part of their gains to these altcoins, expecting to profit from their higher volatility, fuelling an alt season . In particular, the Bitcoin Dominance Index (BTC.D) is one of the most used indicators to signal this season . The index is calculated by dividing Bitcoin’s market cap by the total capitalization. Therefore, the decrease in BTC.D means investors are deploying more capital to other cryptocurrencies than BTC. As of writing, the index has aggressively plummeted to 51.43% after breaking down from November’s low at 51.82%. Bitcoin’s dominance has not been this low since October 16, which marks a

MINA and STX traded at a premium on Coinbase slightly higher than on Binance. STX faced rejection at $1.70 and found support at $1.44. MINA’s ROC showed that the decelerating momentum might soon stop. Riyad Carey, a research specialist at Kaiko, argued that Stacks (STX) and Mina (MINA) have been showing clear signs that liquidity has not caught up with their respective price action on December 27.  In his post on X, Carey considered MINA and STX’s spot trades on Coinbase and Binance before coming to his conclusion. According to the analyst, MINA experienced $1.8 million worth of buying on Binance after the trading floor opened around 5:43 pm UTC.  Bid Depth Outstrips Ask Depth On Coinbase, the bid depth was about $1.3 million after buying began a few minutes after Binance. Per the ask depth, Kaiko data showed that it could not match up to the bid with around $12,000 on Binance, and between $10,000 and $20,000 on Coinbase. Carey also showed that th

The cryptocurrency market seems to hold strong towards the end of 2023, with a few projects witnessing an impressive Christmas rally. The market has more-or-less turned around from the woes of last year. By the looks of it, 2024 might be an explosive year for the crypto space. Let’s look at the top 3 cryptocurrency projects that could give 100x returns in 2024. Top 3 cryptocurrencies that could 100x in 2024 Solana (SOL): Source – CoinGape Solana (SOL) is one of the best-performing crypto currencies in 2023. Since January, SOL’s price has risen by over 1100%. Bitcoin (BTC), on the other hand, has rallied by only about 160%. Moreover, SOL’s performance seems to be unbothered by FTX’s selling its holdings. SOL makes up most of the exchange’s funds, with over $1 billion worth of tokens. Also Read: Solana Success Story: Trader Turns $92 Into $1.55 Million Moreover, the cryptocurrency ’s stellar performance might not be over just yet. There is a possibility that the crypto mar

An anonymous trader turned a $2,220 investment of 30 Solana tokens (SOL) into over $5.7 million in just six days, achieving a staggering 2,570 percent return through a series of strategic trades. According to blockchain analysts Lookonchain, on Dec. 20, an unknown user purchased 16 billion ANALOS, a new meme coin based on the Solana with the spelling of the project upside down. The deal happened in the first minute of trading opening in the liquidity pool of Raydium, decentralized platform on Solana. In just 6 days, this trader made more than $5.7M with only 30 $SOL($2,220)! A gain of over 2570x! He spotted $ANALOS 1 minute after it opened trading and spent 30 $SOL($2,220) to buy 16B $ANALOS. Then he sold 14.5B $ANALOS for 3.45M $USDC via multiple addresses over the past… pic.twitter.com/jD17YOD5hJ — Lookonchain (@lookonchain) December 26, 2023 Subsequently, the trader then sold 14.5 billion ANALOS to several addresses for 3.45 million. In addition, 1.56 billion ANALOS ($2.34 mil

XRP community member referenced Brad Garlinghouse’s statements in an interview to shed light on FTX’s debt to Ripple.   Garlinghouse, in the interview, confirmed that Ripple leased $10 million worth of XRP tokens to FTX before its collapse.  Community members noted that Ripple’s Singapore subsidiary wants to recover the assets. In a recent post on X, an XRP community member referenced a January interview where Ripple CEO Brad Garlinghouse disclosed a $10 million lease exposure to the bankrupt crypto exchange FTX. The post from the user follows growing speculations in the community around Ripple’s claims to FTX assets.  In the said interview with CNBC, Garlinghouse confirmed that the San Francisco-based company was exposed to FTX, which collapsed last year. Under its leasing business, Garlinghouse said around $10 million worth of XRP was given to the bankrupt crypto exchange. According to the CEO, the $10 million worth of XRP represents around 1% of Ripple

Shiba Inu’s exchange supply has depleted significantly since November. There has been a decline in SHIB price volatility in the spot market. SHIB has traded within a narrow price range in the last week. Meme coin Shiba Inu [SHIB] has witnessed a significant removal of tokens from cryptocurrency exchanges since November. On-chain data obtained from Glassnode showed that a staggering 8 trillion SHIB tokens, worth roughly $88 million, have been withdrawn from known crypto exchange wallets since then. At press time, 160 billion SHIB tokens were held on crypto exchanges, according to data from Glassnode.  Shiba Inu Balance on Exchangest (Source: Glassnode) It may be said that SHIB investors have increasingly moved their tokens off exchanges and into personal wallets due to growing confidence in the coin’s long-term potential. This could have been driven by developments like the launch of the Shiba Inu Layer 2 platform Shibarium and the plans to introduce .s

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto .news’ editorial. Dubai’s crypto industry has been in the spotlight, both in the media and among entrepreneurs: “Emirates announced that it would start accepting Bitcoin as a payment method,” “UAE government strives to fully transition its operations to blockchain by 2030,” “Binance’s CZ moves to Dubai, states that Paris and Dubai offices are Binance global hubs.”  You might also like: MENA’s crypto market flourishes amid challenges of Shariah compliance | Opinion The 2020-2021 Bitcoin (BTC) boom, startup financing spree, and the tax haven fame made the city a synonym for everything crypto -related. Think crypto , say Dubai—a sentiment echoed by PwC’s reports of UAE’s crypto transaction volume growing fivefold between 2020 and 2021, showing an annual $25 billion turnover in 2022. Today, the region hosts a plethora of top industry confe

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. STACKS, the native token of Stacks Network, rose 27% on Dec. 20, fueled by positive comments from renowned investor Tim Draper.  Draper, who has a history of making successful crypto investments, expressed his enthusiasm for Stacks in an interview with CoinBureau.  He believes that Stacks has the potential to reshape the way that smart contracts are deployed and used on the Bitcoin (BTC) blockchain. By default, Bitcoin is a transactional layer and doesn’t support smart contracts. Stacks aim to tap into Bitcoin’s decentralization and security by acting as a layer-2 network from where protocols can quickly deploy smart contracts. By “pegging-in”, it is possible to transfer STACKS between Bitcoin and Stacks without modifying the legacy blockchain. You might also like: Stacks rallies 11% as bitcoin, solana fall Draper’s c

Solana rises to a yearly high of 687.09%, contributing to the rise of FTX’s SOL holdings. XRP lawyer Deaton tweeted that the FTX’s SOL holdings are now worth $6 billion. The lawyer also anticipates 2024 to be the biggest crypto year ever. Solana, one of the major players in the crypto space, has been garnering attention over the past few days with its recent price surges. A report narrated the rise of Solana, a token often considered to be previously championed by Sam Bankman-Fried, the former CEO of FTX. XRP’s leading advocate, John Deaton, took to X to share opinions on the rising value of FTX’s SOL holdings; reportedly, FTX holds 55.8 million SOL tokens. Following the court’s approval of FTX’s liquidation of assets, the SOL token bottomed out, signaling an upward trend. Confirming anticipations, SOL has seen a rise of 687.09% in one year, currently reaching $94.64 from September’s $18.25. Solana’s Hike Symbolize Crypto’s Return Reaffirming the crypt

Coinbase and Circle each expanded their European presences following regulatory approval from the French AMF. Crypto exchange Coinbase secured a virtual asset service provider (VASP) license from France’s Financial Markets Authority (AMF) as it positions itself outside the U.S. and across European markets.  The AMF’s approval authorizes Coinbase to do business as a digital asset trading venue, offering cryptocurrency trading, crypto-fiat pairs, and crypto custodial services, according to a Dec. 21 CNBC report and a company spokesperson. Meanwhile, USD Coin (USDC) operator Circle announced conditional registration with the French AMF. CEO Jeremy Allaire said the company hopes to obtain a full Digital Asset Service Provider (DASP) from France’s financial watchdog.  .@circle receives conditional Digital Asset Service Provider (DASP) registration in France, home to Circle's EU HQ for our stablecoin platforms. We also announced that Coralie Billmann has joined to head French oper

Victoria, Seychelles, December 21st, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is proud to announce its collaboration with CV Labs to co -host Innovation Tuesday at the Web3 Hub Davos. Taking place from 15-18 January in Davos, the Web3 Hub will gather the world’s top minds to discuss the importance of Web3 space and blockchain technology’s impact across industries. Bitget will host Innovation Tuesday of the Web3 Hub Davos event, with a dedicated session focusing on how industry stakeholders can leverage the transformative power of blockchain technology and cryptocurrency to promote greater financial inclusion and empowerment for all individuals, regardless of gender or financial status. The highly anticipated event promises to provide a unique and unparalleled experience, designed to deepen the dialogue surrounding financial inclusivity, gender equity, and the transformational power of Web3 technologies across the gl