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Follow Dat Money | Crypto Projections
Happy Tuesday Folks! Binance Token and stablecoin remains under pressure as the market reacts to all the drama from yesterday. Let's get on with the rest of the news...
Trending News Topics:
- BNB and BUSD under pressure
- SBF cases on hold
- $BTC consolidation
US inflation expands 0.5% month-on-month in January, meets estimates; crypto markets dip. $4,100,000,000 Crypto Fund Pantera Capital says bear market over, new bull run on regardless of interest rates.(2) Billionaire George Soros' fund dives deeper on Crypto bets.
BITCOIN & ETHEREUM
Bitcoin price consolidates below $22K and is at risk of a sharp decline; price targets range from $19K to $25K as CPI day dawns. Bitcoin dips after inflation comes in slightly hot. But, Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report.(2) Bitcoin rebounds above $22K after tepid inflation readings. Bitcoin unrealized profits eclipse losses as greed and optimism mount. Is Bitcoin entering into a new bull run? Pantera Capital weighs in.
Bitcoin average block size hits all-time high.(2) Bitcoin Taproot utilization hits new ATH, thanks to Ordinals. Bitcoin hits record 44M non-zero addresses, thanks to Ordinals. Bitcoin miners already made nearly $600K from Ordinals' NFT transactions.(2) Bitcoin remains a safe haven asset for 67% of Millennials in 2023. Bitcoin miners need to take Ethereum seriously. Coinkite’s new Bitcoin hardware wallet looks like BlackBerry, takes AAA batteries.
Grayscale Bitcoin Fund ($GBTC) 47% discount as DCG navigates treacherous waters. Ethereum Price is Dropping, But It’s Too Early to Say Bulls Have Given Up. OFAC-compliant blocks on Ethereum hit three-month low of 47%.(2) Ethereum’s $1.5K support weakens as $ETH traders turn slightly bearish.
Binance USD ($BUSD) redemptions surge to $360M as investors panic.(2) $BNB token plunges as Binance, Paxos shutter $BUSD Stablecoin product.(4) $900 million in crypto leaves Binance in a day as Paxos suspends BUSD minting.(2) Falling Stablecoin issuance is negative sign for Crypto trading. Stablecoins not the target in BUSD crackdown. Investors rush to Tether as Paxos' BUSD faces regulatory heat, curve liquidity pools show.(2) CZ outlines need for Stablecoins pegged to other fiat currencies amid $BUSD crackdown.(3) Stablecoin issuer Paxos burns $700M Binance USD in 27 hours amid regulatory pressure.(2) Binance CEO CZ Distances Himself From BUSD Stablecoin as Regulators Act. Tether ($USDT) Market Cap Back Above $69 Billion Amid Binance FUD.
BNB Chain Aims to Double Transaction Speed, Targets ZK Tooling in 2023 Road Map. New $XRP Listing Announced by Japanese Crypto Platform. Cardano records huge uptick in whale activity as brutal 2022 still ‘far from distant memory.’ Cardano ($ADA) price performance: In-depth on-chain analysis. Solana (SOL) Price Could Increase by 70%, but Only if It Clears This Resistance. Dogecoin ($DOGE) price has had a tough month so far. Dogecoin Market Cap Surpasses Polygon As Elon Musk’s Tweet Triggers Rally. Polygon eyes mainnet beta release for zkEVM Layer 2 next month.(2)
SEC to target crypto firms operating as ‘qualified custodians.’(2) Expect the SEC to use its Kraken playbook against staking protocols. The SEC wants to ban crypto staking and stablecoins under scrutiny.(2) Stablecoins Are Not New. So why are regulators attacking Paxos? Former SEC chief counsel says agency needs to make clear its Crypto compliance rules. Circle squashes rumors of planned SEC enforcement action.(2)
UK FCA to take action against unregistered, illegal cryptocurrency ATM.(4) South Korean financial regulator monitors Ripple lawsuit for Crypto regulation guidance.(3) SEC to make it harder for hedge funds to work with Crypto firms.
Blockchain Association files Amicus Brief in Coinbase insider trading case.(2) SEC and CFTC case against Bankman-Fried postponed pending criminal trial.(3) Sam Bankman-Fried’s use of a VPN on Super Bowl Sunday ‘raised concerns,’ say prosecutors.(4) Court approves sale of certain FTX investments, tokens and equity shares. Charles Gasparino Says SEC Wants to "Cut Off" Crypto After FTX Debacle. US Judge approves removal of FTX Turkish units from bankruptcy case. Charity tied to former FTX exec made $150M from insider trading. Bankruptcy court restricts KeyFi founder Jason Stone in Celsius case.
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.
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