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The cryptocurrency market started off to a good start early this year with Bitcoin touching $48,000 in January. Ethereum reached close to $2,700 leading to believe that the cryptocurrency markets could ignite a rally. Additionally, the SEC approved the Bitcoin ETF making the cryptocurrency markets attract fresh investments from trillion dollars worth of financial institutions. Therefore, the cryptocurrency sector entered the year on its best foot making investors hopeful of a price jump. Also Read: Shiba Inu Unlikely To Hit $1 In this article, we will highlight if these developments could make the cryptocurrency markets enter a bull run in February 2024. Here are the top 3 cryptocurrencies you need to watch out for this month that might generate profits in February 2024. Top 3 Cryptocurrency To Keep An Eye On in February 2024 Bitcoin Source: Reddit The king cryptocurrency slipped from $48,000 to $42,000 but is holding on to its resistance level. Bitcoin fared bette

Binance says leaked passwords and site code that were viewable on GitHub for months before being taken down last week could cause “severe financial harm,” reports 404 Media.   The exchange, which recently saw its US arm booted from Alaska and Florida, appealed to GitHub and successfully took down the leaked data last week. In its takedown request, Binance said the upload wasn’t authorized and that the data posed a “significant risk to Binance,” may cause “severe financial harm,” and could confuse or harm its users.   404 Media saw the data before it was taken down, and claimed it could’ve been beneficial to hackers looking to compromise Binance’s systems .  The outlet claims the leaked data included: code relating to Binance’s implementation of passwords and multi-factor authentication; diagrams detailing the interlocking of Binance’s dependencies; supposed passwords for systems labeled “prod” which 404 says may relate to the live site.   Did Binance ex-chief CZ really co

The Bull Token price has soared 133% in the last 24 hours to trade at $0.000000006985 as of 12:50 a.m. EST on trading volume that surged 134% to $4.4 million. Bull Token Price Trades An Ascending Triangle, Signals A Bull Rally BULL/USD Chart Analysis. Source: Dextools.io The Bull token price indicates a distinct upward trend forming the ascending triangle, signaling a continuation of the bullish trend. The price is trading above the 21 simple moving average (SMA). However, to confirm the bullish outlook, the bulls must overcome the 50 SMA, which could lead to a breach above the upper boundary of the ascending triangle. Besides, a moving average cross at $0.000000006215 affirms the short-term bull rally. The Relative Strength Index (RSI) has entered the oversold region of 30, indicating that the asset is becoming oversold and may face a potential bullish reversal or pullback. The MACD is generally bullish despite the blue MACD line being under the orange signal line, and the hist

A spot Ethereum ETF (exchange-traded fund) may not be approved in the U.S. until late 2025 or early 2026, said investment bank TD Cowen. “We believe there is no upside for SEC Chair Gary Gensler to approve a spot Ethereum ETF given how upset progressive Democrats were over the agency’s approval of a spot bitcoin ETF earlier this month, ” said TD Cowen Washington Research Group analysts led by Jaret Seiberg in a Jan. 29 note. “This is a political call.”  Gary Gensler Needs The Support Of Progressives In order to push his agenda in the next election year, Gensler needs the support of progressive democrats, noted TD Cowen. This remains true even if the SEC Chair pursues a different role as Treasury secretary in the event Joe Biden wins a second term, said the bank. “There is no reason to provoke a needless fight,” the analysts said. “We say needless, as our view remains that Gensler is in no hurry to approve an Ethereum ETF as he would first like more experience with the performance

On Jan. 29, Chainlink Labs and Protocol Labs announced a partnership to enrich the Chainlink BUILD program , designed to amplify dApp development by aligning incentives across various ecosystems. Through this alliance, members of the Chainlink BUILD program will gain access to various developmental tools, services, and specialized support, including options for decentralized storage and engineering aid. .@protocollabs and @chainlinklabs have entered into a strategic alliance. This alliance will help #Chainlink BUILD members access various developer tools, services, and support, including decentralized storage credits and engineering support. — Chainlink (@chainlink) January 29, 2024 Protocol Labs, with its extensive network of more than 600 tech startups, funders, and service providers, will play a pivotal role in enhancing the Chainlink BUILD program . The collaboration focuses on providing engineering assistance for a range of platforms, including IPFS, Filecoin, and libp2p.

The non-fungible token market has experienced another rough time this past week, with trading sales volume dropping for the third consecutive week this January. In this article, we shall assess some of the factors attributing to the recent NFT downturn as well as what investors should expect this last week of January. NFT Sales Fell 22% This Past Week Data compiled by CryptoSlam.io, an on-chain aggregator, indicates that the global non-fungible token market has plunged for the third week this month. In the past seven days, the global NFT market has recorded a trading sales volume of $223 million, representing a 22% decrease from the previous week. Despite the negative growth, the number of NFT investors who bought NFTs has increased this past week. In the past seven days, the NFT market has seen more than 734,000 NFT collectors buying NFTs across different market platforms, representing a 34% spike from the previous week. The non-fungible token hosted on the Ethereum blockchain ne

Binance’s venture arm said in a recent X post it did not participate in SkyArk’s latest $15 million funding round , despite the project stating the opposite. In an X post on Jan. 29, the venture arm of Binance said did not take part in SkyArk’s latest financing round in 2024, raising concerns about the circumstances surrounding the apparently false announcement. The statement clarifies that Binance Labs had solely invested in SkyArk in 2021 through its Incubation Season 3 program. SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that Binance Labs did not participate in the project's latest financing round this year. Thank you all for your attention. SkyArk Chronicles 是 Binance… pic.twitter.com/wqu2PBxKGE — Binance Labs Fund (@BinanceLabs) January 29, 2024 You might also like: Epic Games Store welcomes blockchain games despite ‘adults only’ ratings Binance Labs’ statement comes after SkyArk s

The ApeCoin price prediction reveals that APE is moving bullishly with a gain of 2.35%, as the coin prepares for a bullish cross. APE to Amplify Gains Amidst a Renewed Theme Energizing Social Metrics ApeCoin (APE) price is currently undergoing a rebound following a period of consolidation, even amidst the impact of Bitcoin (BTC) exchange-traded funds (ETFs) on other altcoins. As interest in the metaverse and gaming narrative intensifies, APE seems to be garnering support to counter increasing selling pressure. Additionally, positive social dominance and volume metrics are bolstering altcoins, especially as the gaming narrative gains momentum. ApeCoin Prediction Statistics Data: ApeCoin price now – $1.42 ApeCoin market cap – $509.7 million ApeCoin circulating supply – 368.5 million ApeCoin total supply – 1 billion ApeCoin Coinmarketcap ranking – #105 APE/USD Market Key Levels: Resistance levels: $1.75, $1.85, $1.95 Support levels: $1.10, $1.00, $0.90 APEUSD – Daily Chart

Omnichain Restaking Power! Euclid Finance offers you an easy and cost-effective way to restake your assets. Say goodbye to complex procedures and expensive fees. Introducing Euclid Finance – The Future of DeFi Ecosystem With Euclid Finance, you can rest assured that your assets are secure and the re staking process is simplified. It offers a versatile omnichain liquid asset (elETH) that represents restaked positions and establishes an operator network that is both trustless and permissionless. The ultimate goal is to promote accessibility, security, and decentralization of EigenLayer, while also fostering a robust DeFi ecosystem. Enhancing elETH’s Liquidity with Euclid Euclid’s top priority is to ensure a consistent user experience while improving elETH’s liquidity. To achieve this, we will initially support native ETH staking , and then gradually introduce various LSTs. However, as LSTs may pose certain risks, each one will undergo a rigorous due diligence process and will only be in

The number of wallets with an XRP balance doubled in the last two years. XRP eased its steep correcting and climbed to $0.53 in the process. Bulls were facing stiff resistance while attempting to swing to $0.55. For the first time in 10 years, wallets holding at least a unit of Ripple (XRP) have crossed the 5 million mark, Santiment revealed. According to its post on X, the on-chain analytic tool noted that the number of wallets jumped by 104% in the last two years. #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 A record like this suggests that demand for XRP has improved. It also meant that active users on the XRP Ledger (XRPL) had doubled.  Relief Comes A

Regulators in Florida and Alaska have told Binance US that it can no longer serve its residents, according to reporting from the Wall Street Journal (WSJ). Binance US , the state-side arm of crypto exchange Binance, was reportedly denied a license renewal by the Alaska Division of Banking and Securities. Similarly, Florida ’s Office of Financial Regulation sent an emergency suspension order against Binance US ’ money transmitter license. The latter is said to have come just a week after Binance and its former chief Changpeng Zhao (CZ) reached a plea deal agreement for violating US anti-money laundering rules at the end of November. Speaking to the WSJ, a spokesperson for Binance US said that the firm was “in active dialogue with state officials.” However, she declined to comment on whether the crypto exchange would appeal the decisions by Alaska and Florida. Binance and CZ plead guilty but SEC lawsuit remains Read more: Did Binance ex-chief CZ really come to the US voluntar

Analysts at JPMorgan have indicated a potential easing in the selling pressure on Bitcoin, as the bulk of profit-taking from the Grayscale Bitcoin Trust (GBTC) appears to be concluding. In a market report released on Jan. 25, a team led by Nikolaos Panigirtzoglou, JPMorgan’s market strategy managing director,”GBTC profit taking has largely happened already.” The assessment suggests that the primary factors influencing Bitcoin’s price fluctuations, specifically those linked to GBTC, might be diminishing. Grayscale’s fund has been trading below its net asset value since early 2021. Analysts attribute the $4.3 billion in outflows since its Jan. 11 conversion to an ETF to investors cashing in on earlier GBTC investments. This is seen as a key factor in Bitcoin’s near 20% price fall, with its value now below $40,000, coinciding with the introduction of several US Bitcoin ETFs. Notably, on Jan. 24, these funds experienced a record high in daily net outflows , reaching $158 million, as

Ripple’s CTO, David Schwartz thinks the blockchain’s adoption among traditional institutions has been slow. According to Schwartz, blockers with sanctions and screening have hampered the technology’s encroachment into the mainstream. Schwartz noted that more than 1,000 projects, including new stakeholders like the XRPL Commons, exist on the XRP Ledger. Ripple’s CTO, David Schwartz, thinks the blockchain’s adoption among traditional institutions has been slow. According to Schwartz, sanctions and screening have hampered the technology’s path into the mainstream. In a recent interview, the blockchain expert noted that Ripple’s institutional adoption among firms not tightly tied to layer one technology is rapidly growing. He explained that institutions are adopting the XRP Ledger in isolated circumstances. Despite the isolation, Schwartz noted that more than 1,000 projects, including new stakeholders like the XRPL Commons, exist on the XRP Ledger. However, h

The ALT token opened for trading at $0.006 and surged 5,380% to $0.3288 in minutes. This came after a six-day farming schedule offering 500,000,000 tokens in airdrop. Binance has added ALT to its Simple Earn and Convert services, with Margin, Futures, and Auto-Invest to come after. AltLayer (ALT), a decentralized protocol designed for rollups, has experienced substantial growth on the Binance trading platform shortly after becoming available for trading. Data from the Binance trading platform suggested that the ALT token opened for trading at $0.006. However, following a trading volume of $43.78 million, the asset grew explosively to $0.286 in under one minute.  Later, ALT peaked at $0.3288 within 30 minutes of going live. In other words, AltLayer’s native asset has surged by 5,380% on the Binance trading outlet since becoming tradable in the past few hours. At press time, ALT trades at $0.29057. AltLayer (ALT) market chart | Binance Notably, ALT went

The Securities and Exchange Commission (SEC) has delayed its decision on BlackRock’s application to launch a spot Ethereum (ETH) ETF to March. According to a document on the SEC website, a new decision on the application, which was supposed to be made on Jan. 25, is now expected on March 10, 2024. SEC representatives explained their decision due to the lack of time to review all the application details. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.” SEC filing Bloomberg Intelligence ETF analyst James Seyffart said delays in Ethereum spot ETF offerings will likely continue. Spot Ethereum ETF Delays will continue to happen sporadically over the next few months. Next date that matters is May 23rd https://t.co/2zBBvHkrVk — James Seyffart (@JSeyff) January 24, 2024 On Jan. 19, 2024, the Commission postpo