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January’s top gainers had to navigate a turbulent crypto market. The month kicked off with a raging bull market only for the approval of spot Bitcoin ETFs (exchange-traded funds) just 10 days into the year to trigger a sharp selloff that was followed in the past week by a strong comeback. While the S&P Cryptocurrency Broad Digital Market Index shows the outcome was a meager 1.5% rise for crypto markets overall in January, there were nonetheless some standout performers. January’s Top Gainers Here are the five top gainers among the top 100 cryptos by market capitalisation, as measured by CoinMarketCap, at around noon EST: Pendle (PENDLE) led the charge by surging more than 126% to $2.72, reflecting growing confidence among traders in its potential for yield optimization in DeFi. It secured a partnership during the month with Ondo Finance, a Coinbase protocol. Not far behind was Sui (SUI) , which soared about 99% to reach $1.60. Sui’s pump can be attributed at...

Terraforms said bankruptcy proceedings will help appeal the SEC’s lawsuit. Terraforms filed for bankruptcy last week and will have its first day of hearing today. The company can avoid costs by relying on protections offered under the Chapter 11 proceedings. Ahead of the commencement of its Chapter 11 proceedings, troubled cryptocurrency firm Terraform Labs revealed that its decision to file for bankruptcy will help in its efforts to appeal the litigation that the US Securities and Exchange Commission (SEC) is pursuing against the company.  In the January 30 filing at a Delaware Bankruptcy Court, Terraform Labs CEO Chris Amani argued that the bankruptcy is integral to successfully appealing it’s lawsuit with the SEC. The CEO wrote: “[The bankruptcy protection] is critical to the Debtor’s ability to operate as a going concern, preserve value for its creditors and stakeholders (including the Terra community), provide an orderly process for resol...

Binance lists Jupiter (JUP) for trading, sparking a 57% price surge. Memeinator’s MMTR token presale sees remarkable success, raising over $4 million. DeFi projects like Jupiter and Memeinator shape the future of cryptocurrency. The latest developments in the cryptocurrency market have sparked excitement among investors as Binance announces the listing of Jupiter (JUP) while Memeinator (MMTR) showcases remarkable progress through its presale stages. Let’s delve into the details of these significant milestones shaping the DeFi landscape. JUP token Airdrop Jupiter, operating on the Solana blockchain, has garnered attention for its multifaceted approach to decentralized finance (DeFi) since it was launched in October 2021. The protocol touts itself as Solana’s first on-chain swap aggregator and it offers a range of services including decentralized exchange aggregation, advanced trading options, and investment strategies such as Dollar-Cost Av...

Nearly $50 million was stolen from web3 platforms in the year’s first month as crypto remains engaged in a cyber war with hackers and scammers.  Quantstamp, a defi security startup, reported five smart contract protocols with the highest losses from exploits and hackers in January. The five platforms lost $38.9 million to a basket of attack vectors deployed by bad actors. Four days into the year, Gamma Strategies was rocked by a flash loan attack. The code bug allowed exploiters to drain $6.1 million from Gamma’s public-facing vaults. Gamma shut off deposits to resolve the issue, effectively closing the loophole.  Although less than $10 million was stolen, roughly $500,000 denominated in Ether (ETH) was at risk during the incident. We have preliminarily reached the root cause of the recent exploit attack on our vaults. Out of abundance of caution, we shut off all deposits on our public-facing vaults — this effectively nullifies the attack any further because a deposit is re...

Benjamin Cowen has identified some unusual behavior in the Bitcoin price metrics. Cowen revealed that the Value Days Destroyed Multiple indicator reflects early signals of a potential Bitcoin rally. The analyst observed a variation from how the indicator has behaved in previous bull cycles. Renowned crypto market analyst Benjamin Cowen has identified some unusual behavior in the Bitcoin price metrics. In a recently uploaded video, Cowen revealed that the Value Days Destroyed Multiple indicator reflects early signals of a potential Bitcoin rally. His observations showed a variation from how the indicator has behaved in previous bull cycles, especially in the months leading to the Bitcoin halving events. Cowen described the Value Days Destroyed Multiple as the product of Coin Days Destroyed and the price. By definition, Coin Days Destroyed is the sum of all native units transferred in a given day multiplied by the amount of days since the native units last tran...

Bullish Ondo (ONDO) price prediction ranges from $0.25 to $0.4. Analysis suggests that the ONDO price might reach above $0.36. The ONDO bearish market price prediction for 2024 is $0.145 What is Ondo Finance (ONDO)? Ondo is a financial infrastructure development company that builds Institutional-Grade Finance products. Ondo heavily indulges in the development of these instrumental products as it believes that within the next decade, the traditional and decentralized finance worlds will merge, with public blockchain technology underpinning it all. Hence, it endeavors to be ready to leverage this opportunity.  An excerpt on Ondo’s website that defines “institutional-grade”,  states:  “To us, “institutional-grade” means (a) built and operated with security and transparency as bedrock principles; (b) legally and regulatorily compliant; (c) thoughtfully structured, both in terms of cost-effectiveness and investor protections; and (d) world-c...

Google might start featuring B itcoin ETF (exchange-traded fund) ads from today amid a policy update scheduled for January 29. In its updated policy, Google said it would allow ads for “financial products that allow investors to trade shares in trusts holding large pools of digital currency.” Speculation is now rife that the updated policy allows for advertising by spot BTC ETFs. 🇺🇸 Google to start allowing #Bitcoin ETF ads in 4 days — effective from 29th of January. pic.twitter.com/milikbK3mz — B itcoin Archive (@BTC_Archive) January 25, 2024 Following the January 10 approval of BTC ETFs by the US Securities and Exchange Commission (SEC), the products are regulated under the Securities Act of 1933, suggesting Google is likely to consider them a safe financial product to advertise. Crypto analysts are optimistic about BTC ETF ads appearing on the search engine that processes around 8.5 billion searches daily. According to some analysts, t...

Hong Kong’s planned stablecoin regulations attract major players. China’s Harvest Fund Management aims for cross-border payment solutions. The HKMA’s regulatory sandbox aims to refine supervisory standards for stablecoins. Hong Kong’s push to establish regulations for stablecoins has garnered attention from prominent financial entities, including the international division of China’s Harvest Fund Management. This development was captured in a recent report by Bloomberg, citing sources familiar with the matter.  Per the report, Harvest Global Investments Ltd., fintech specialist RD Technologies, and crypto exchange-traded fund aspirant Venture Smart Financial Holdings Ltd. are engaged in discussions with the Hong Kong Monetary Authority (HKMA) regarding planned stablecoin trials within regulatory sandboxes. Last month, the HKMA, the Financial Services, and the Treasury Bureau initiated a consultation on stablecoin regulations. They h...

We cover some contenders for the best cryptocurrency to buy right now, potentially worth adding to your watchlist over the coming days. Cryptocurrency markets offer unique chances for those ready to take calculated risks. If you’re exploring ways to profit from trading cryptocurrency , it’s essential to carefully examine various factors that influence the overall market sentiment before making any decisions. This article discusses specific crypto projects, their purposes, plans, and other important factors, helping investors make informed decisions. Best Crypto to Buy Now The cryptocurrency market is currently in flux, witnessing a bearish trend in Solana (SOL), which has declined over 10% this year. Despite this, some tokens carry the potential to bring positive influence to the market through their utility and value. Furthermore, this Analysis covers the recent Dogecoin surge and Sei’s integration with Circle’s USDC. Additionally, it explores the partner...

Thanks to robust spot Market activity, Bitcoin’s (BTC) price has surged to $42,000. The recent dip below the $40,000 support level on January 22 didn’t hold for long, and the price has climbed back above $40,000. However, there are concerns among some analysts that the downward trend may persist. Chris Burniske, a partner at Placeholder, a crypto venture capital firm, expressed his belief on X (formerly Twitter) that Bitcoin could drop to the mid-to-high $20,000 range before finding a bottom. One significant factor contributing to Bitcoin’s recent decline has been the substantial liquidations in the Grayscale Bitcoin Trust (GBTC). Nevertheless, JPMorgan analysts, in a market report dated January 25, suggested that most of the profit-taking in GBTC has already occurred, implying that the primary downward pressure on Bitcoin from this source should be mainly in the past. Daily cryptocurrency market performance. Source:  Coin360 Every bull market has i...

Shiba Inu (SHIB) has turned many early investors into multi-millionaires. The project has several rags-to-riches stories that boosted the asset’s popularity among young investors. Many new traders wanted to make it big with SHIB, which had a meteoric rally from 2020 to 2021, with prices surging by many million percent. Also Read: Shiba Inu: Google Bard AI Predicts When SHIB Will Hit $0.0003 Let’s look at some investors who made over $1 million in profits after investing in SHIB. Investors who made over $1 million with Shiba Inu (SHIB) One American truck driver put in $650 in SHIB in 2020. Little did the middle-aged trucker know he would become a millionaire a few months later. In the ten months following the investment, SHIB’s price deleted five zeros after its decimal. The initial $650 investment turned into $1.7 million in May 2021. The increase in value translates to a growth of about   261,438%. The trucker’s employer later stated that the man qui...