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Illinois Bets Big on Five-Year HODL Bitcoin Reserve Strategy
Illinois is taking a major step toward integrating Bitcoin into state finance with a bold new plan. House Bill 1844, introduced by State Representa...

TipRanks 2025-01-30 16:26
Czech $7B Bitcoin reserve proposal sparks criticism over BTC volatility
Czech National Bank is set to vote on a $7 billion Bitcoin reserve proposal, but Finance Minister Stanjura warns against BTC’s volatility.

CoinTelegraph 2025-01-30 16:25
Ripple will unlock 1 billion XRP on February 1 2025 – Sell time?
Ripple , the company behind XRPL and the XRP token development, will unlock 1 billion XRP on February 1, Saturday. At current prices, this unlock is worth $3.10 billion, of which Ripple could sell a fraction throughout the month. When XRP was launched in 2012, Ripple kept 80 billion of the supply out of circulation to itself, gradually selling some units, distributing it to the market. In 2017, the company implemented an escrow system to lock the still undistributed 55 billion XRP, with programmed monthly unlocks. This system remains to these days, as Ripple continues to unlock 1 billion XRP on the first day of every month, reserving a fraction (usually 20%) for its monthly sales and expenses, while re-locking the remaining tokens into new escrows for the following years. On February 1, three escrows will unlock 1 billion XRP for Ripple. We are yet to see what comes next. Ripple unlocks 1 billion XRP to sell in February The unlock will occur for the first time from the accounts XRP Scan labels as ‘ Ripple (26) ’ and ‘ Ripple (27) ’. Before that, the unlocks were happening from ‘ Ripple (24) ’ and ‘ Ripple (25) ’, as Finbold reported multiple times throughout 2024. In particular, ‘Ripple (26)’ will unlock two escrows of 400 million and 100 million XRP, while ‘Ripple (27)’ will unlock a single escrow of 500 million XRP. Ripple XRP escrows | rGKHDyj4L6pc7DzRB6LWCR4YfZfzXj2Bdh & rHGfmgv54kpc3QCZGRXEQKUhLPndbasbQr. Source: XRP Scan According to past activities, Ripple could keep between 200 million to 470 million XRP from the unlocked 1 billion. Previously, in January, the company reserved 300 million XRP to sell and distribute in the market. XRP price analysis By press time, XRP is trading at $3.10 per token, up 45.44% in a month, from January’s unlock. The upward demand pressure has challenged Ripple’s selling pressure from the 300 million reserved XRP, bringing XRP to remarkable levels. Ripple’s XRP 30-day price chart. Source: Finbold However, for the price to continue its upward’s trajectory, XRP must be able to continue to find demand among retail and institutional investors, as Ripple continues to offload significant shares of their holdings and the token’s circulating supply. Featured image from Shutterstock The post Ripple will unlock 1 billion XRP on February 1 2025 – Sell time? appeared first on Finbold .

Finbold 2025-01-30 16:25
US Giant Exchange Asked Grok! What Levels Could the XRP Price Reach in 2025? The Answer Was Surprising!
Investors are curious about the price of Ripple (XRP), one of the altcoins that has risen the most after the US presidential elections in November and has consolidated its place as the world's third largest cryptocurrency. While there are many predictions about the XRP price at this point, American exchange Uphold shared a recent conversation with artificial intelligence chatbot Grok, and stated that XRP could be traded in the double-digit range this year. The famous exchange Uphold asked Grok to formulate a price prediction regarding XRP’s peak in the current cycle. Grok first noted that from a technical perspective, XRP follows a four-year cycle that aligns with the Bitcoin halving. He found a potential price of $33 for XRP cyclically, and predicted a more moderate and likely price of $13.70. Citing technical models, institutional adoption, and market sentiment, Grok noted in his analysis that $9 to $13 are more reasonable prospects for XRP. “Grok predicts a cycle top of $9 to $13 for XRP in November 2025.” Grok later argued that XRP could reach those levels by November 2025, while claiming that these price levels would likely signal the end of XRP’s bull rally. In the face of these estimates, if XRP reaches $9 from its current price, it would mean a 185% increase in price; if it reaches $13, it would mean a 315% increase in price. XRP continues to trade at $3.11 at the time of writing. *This is not investment advice. Continue Reading: US Giant Exchange Asked Grok! What Levels Could the XRP Price Reach in 2025? The Answer Was Surprising!

BitcoinSistemi 2025-01-30 16:25
Dogecoin Traders Bet Big on This Utility Altcoin With 27,000% Potential As Ethereum Price Tanks
Social media, community, and the increasing acceptance of cryptocurrencies in daily life are all factors in Dogecoin's transformation from a humorous meme coin to one of the most well-known digital assets in the cryptocurrency industry. Originally developed in 2013 as a joke, Dogecoin's explosive growth in popularity has been surprising and intriguing. Nevertheless, Dogecoin's future is not without its difficulties, like that of all cryptocurrencies. Because trading Dogecoin (DOGE) is presenting some challenges, investors are moving their earnings to the new coin DTX Exchange, which has a 27000% upside potential and is expected to rise in the next few weeks. With a single trading platform, the project aims to provide traders with an end-to-end solution to their problems, leveraging the quickly developing blockchain and trading industries. The Future of Dogecoin: Overcoming Challenges and Achieving Success To ensure its continued prosperity, Dogecoin (DOGE) has to overcome a number of obstacles. Overcoming its reputation as a "meme coin," which undermines its credibility, is one of the biggest obstacles. DOGE must broaden its use cases and incorporate into useful applications like DeFi, microtransactions, and payments in order to do this. The idea that DOGE is only a speculative asset fueled by memes and social media will be refuted by establishing it as a useful and approachable cryptocurrency. Dogecoin (DOGE) can benefit from Ethereum's distinct value proposition as long as its price fluctuates. Issues with scalability and technological advancement also hinder Dogecoin's expansion. DOGE has to put more emphasis on technology developments that increase scalability and security if it wants to compete with ETH and other cryptocurrencies. Dogecoin (DOGE) may establish itself as a more resilient and scalable network, increasing its long-term viability and encouraging wider use, by making investments in technological advancements and embracing innovation. Ethereum Price Set for Significant Growth Amidst Regulatory Updates Although there has been pressure on the Ethereum (ETH) price, recent events point to a possible recovery. According to cryptocurrency analyst Ted Pillows, Ethereum's pricing behavior is similar to trends observed prior to the introduction of Bitcoin ETFs, suggesting a potential 30%–40% increase in price. The fractal structure on ETH's chart right now resembles ones that were observed before the ETF announcement, which usually indicates large price increases. With a recent $33 million ETH stake, institutional investors like World Liberty Financial are beginning to believe in ETH's future potential. The Ethereum price may benefit from this. According to SEC Commissioner Hester Pierce, authorities may soon permit ETH staking in exchange-traded funds (ETFs), giving investors access to both investing options and additional revenue. In the past, Bloomberg's unfavorable coverage of ETH has predicted market bottoms. The Ethereum (ETH) price is anticipated to rise significantly due to impending institutional activity and regulatory updates, maybe hitting $4,000 if favorable trends continue. The upcoming weeks will determine the Ethereum price. DOGE Whales Flock to DTX Exchange Amidst Ethereum Price Decline Many DOGE whales are now placing bets on DTX Exchange as the Ethereum price declines. This is due to the fact that this new currency, DTX, will create altcoin history by rising by about 27,000% when the Ethereum price reaches its new all-time high. and this is going to happen shortly. The hybrid DTX platform has transformed trading paradigms with its first hybrid layer-1 blockchain, VulcanX, which enables trading of assets from all financial markets, including stocks, cryptocurrencies, exchange-traded funds (ETFs), and foreign exchange (FX), through a single, unified interface. DTX Exchange has decentralized security features including KYC-free onboarding and a non-custodial Phoenix Wallet in addition to centralized liquidity safeguards. Additionally, the platform highlights the need for excellent security, which is why it has passed several stringent security assessments. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community

Crypto Daily 2025-01-30 16:25
Dogecoin Enthusiasts Shift Focus to a Promising Altcoin Offering 27,000% Returns as Ethereum Dips
Dogecoin has evolved from a humorous meme coin into a prominent digital asset in the cryptocurrency market, driven by social media, community engagement, and growing mainstream acceptance of cryptocurrencies. Launched in 2013 as a playful project, Dogecoin's unexpected rise in popularity has both fascinated and surprised many. However, like all cryptocurrencies, Dogecoin faces its own set of challenges moving forward. Trading Dogecoin (DOGE) has become somewhat challenging, prompting investors to redirect their profits to the new coin, DTX Exchange, which boasts a potential upside of 27,000% and is predicted to climb in the coming weeks. This initiative seeks to offer traders a comprehensive solution to their challenges through a single trading platform, capitalizing on the rapidly advancing blockchain and trading sectors. Dogecoin's Path Forward: Navigating Challenges to Secure Success For Dogecoin (DOGE) to thrive, it must tackle several hurdles. One major challenge is shedding its "meme coin" label, which undermines its legitimacy. DOGE needs to diversify its use cases and integrate into practical applications such as DeFi, microtransactions, and payments to achieve this. By positioning itself as a practical and accessible cryptocurrency, Dogecoin (DOGE) aims to dispel the notion that it is purely a speculative asset driven by memes and social media. As Ethereum's price experiences volatility, Dogecoin stands to benefit from its unique value proposition. Dogecoin's growth is also hindered by issues related to scalability and technological progress. To stand toe-to-toe with ETH and other cryptocurrencies, DOGE needs to prioritize technological advancements that enhance scalability and security. By investing in technological progress and embracing innovation, Dogecoin (DOGE) can become a more robust and scalable network, boosting its long-term sustainability and encouraging broader adoption. Ethereum's Potential for Growth Amid Regulatory Changes Despite pressure on Ethereum's (ETH) price, recent developments indicate a potential rebound. Cryptocurrency analyst Ted Pillows notes that Ethereum's price movement mirrors patterns observed before Bitcoin ETFs were launched, hinting at a possible 30%–40% price surge. The current fractal structure on ETH's chart is similar to those seen before ETF announcements, which often precede significant price hikes. With World Liberty Financial's recent $33 million ETH investment, institutional investors are starting to recognize ETH's future potential, which could bolster its price. SEC Commissioner Hester Pierce suggests that regulators might soon allow ETH staking within exchange-traded funds (ETFs), offering investors both investment opportunities and extra income. Historically, Bloomberg's negative coverage of ETH has marked market bottoms. With anticipated institutional interest and regulatory updates, Ethereum (ETH) is expected to witness substantial price growth, potentially reaching $4,000 if positive trends persist. The coming weeks will be crucial for Ethereum's price trajectory. DTX Exchange Attracts DOGE Whales as Ethereum Prices Drop As Ethereum's price declines, many DOGE whales are shifting their focus to DTX Exchange . This interest stems from the anticipation that DTX, the new currency, is set to make altcoin history by surging approximately 27,000% once Ethereum hits its new peak, which is expected soon. The innovative DTX platform has revolutionized trading with its pioneering hybrid layer-1 blockchain, VulcanX, allowing users to trade assets from all financial sectors—such as stocks, cryptocurrencies, exchange-traded funds (ETFs), and foreign exchange (FX)—through a single, integrated interface. DTX Exchange combines decentralized security features, like KYC-free onboarding and a non-custodial Phoenix Wallet, with centralized liquidity protections. The platform emphasizes top-notch security, having passed numerous rigorous security evaluations. Learn more about DTX Exchange (DTX) by following the links below: Buy Presale Visit DTX Website Join The DTX Community

Bitzo 2025-01-30 16:25
Litecoin price pumps as ETF hopes rise, but there’s a catch
Litecoin’s price surged on January 30 as expectations grew that the Securities and Exchange Commission will approve a spot ETF. Litecoin ( LTC ) jumped more than 12%, reaching an intraday high of $135. It has now soared 165% from its lowest point in 2024. Polymarket odds of a spot LTC ETF approval rose to 86%, signaling that most participants expect the approval to happen later this year. These odds increased after the SEC acknowledged Canary’s LTC ETF application and opened it for public comment. First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 and this filing is by far the furthest along checking all the boxes. Q now is will this SEC wait the full 240 days or approve more rapidly. Unknown. https://t.co/iXwq9PkLGr — Eric Balchunas (@EricBalchunas) January 29, 2025 The SEC is expected to approve the fund because Litecoin is similar to Bitcoin ( BTC ). It is a Bitcoin hard fork, with the primary difference being its maximum supply as Litecoin has a limit of 84 million coins, while Bitcoin is capped at 21 million. Litecoin’s price will likely rise ahead of the ETF approval as traders anticipate increased institutional demand. You might also like: Exclusive: Arbitrum integrates zkVerify for 91% cheaper proof verification However, there is a risk that Litecoin’s ETF will see limited interest from institutional investors. Current data shows that most institutions remain focused on spot Bitcoin ETFs. According to SoSoValue data, spot Bitcoin ETFs have accumulated nearly $92 billion in inflows, bringing total assets under management to $121 billion. The iShares Bitcoin ETF alone holds almost $60 billion in assets. On the other hand, Ethereum ( ETH ) ETFs have seen cumulative inflows of $2.66 billion and now hold $11.8 billion in assets. Before its conversion into an ETF, the Grayscale Ethereum Trust had nearly $10 billion in assets. This trend suggests that institutional investors are primarily interested in Bitcoin funds. As a smaller and less widely adopted cryptocurrency, Litecoin’s ETF demand is likely to be modest. Litecoin price analysis LTC price chart | Source: crypto.news The weekly chart shows that LTC’s price has been consolidating over the past few weeks. It remains slightly above the key support level at $115.15, which was the highest swing in May 2023 and April 2024. This price level also aligns with the upper boundary of the ascending triangle pattern and the 23.6% Fibonacci retracement level. Litecoin has entered the second phase of the Elliott Wave formation. The upcoming third wave is typically the longest and could push LTC toward the 61.8% retracement level at $271.45, representing a potential 100% gain from current levels. However, the bullish outlook will be invalidated if Litecoin’s price drops below the psychological support level of $100. You might also like: How high can the Ripple XRP price get in February?

crypto.news 2025-01-30 16:23
Czech Finance Minister opposes central bank’s Bitcoin investment plan
Czech Finance Minister Zbynek Stanjura has raised his concern about the central bank governor’s suggestion to explore the possibility of investing some of the country’s foreign currency reserves in Bitcoin. While acknowledging the Czech National Bank’s independence and the government’s inability to intervene in its decisions, Stanjura voiced concerns that Bitcoin’s high volatility could make it an unsuitable asset for reserve holdings. Czech National Bank considers Bitcoin investment as part of reserve diversification strategy Czech Finance Minister’s remarks followed Governor Aleš Michl’s suggestion to consider investing billions of euros from the central bank’s reserves in cryptocurrency . Governor Aleš Michl said on Wednesday that if approved, the Czech National Bank could eventually hold as much as 5% of its 140 billion euro ($146 billion) reserves in Bitcoin. Since taking over the Czech National Bank in 2022, Michl has focused on diversifying the institution’s substantial reserves by slowly building up gold holdings and investing a more significant part of the portfolio in equities that can produce steady profits in the long run. If Bitcoin is implemented in its reserves, this could be the first shift into cryptocurrency by a Western central bank. Later, in a post on X, Michl clarified that no immediate decision was imminent, emphasizing that the central bank would first thoroughly evaluate the proposal’s merits and feasibility. He noted: Czech National Bank’s goal is price stability. When we took office in July 2022, inflation was 17.5%. We brought it down to target. We are also diversifying reserves—gradually increasing gold holdings from 0% to around 5% and planning for 30% in equities. ~ Aleš Michl The Czech National Bank Governor said that BTC has no relation to bonds, but it is still quite interesting to include it in the portfolio at the moment. He also stressed that the discussion is still in the early stages. Czech central bank plans further Bitcoin assessment amid global skepticism As for Bitcoin’s volatility, Michl said that this is the main reason it is difficult to use the digital asset as a reserve asset despite the diversification benefit. He noted he would tell the central bank’s team on Thursday to carry out a more detailed analysis of the potential of BTC in the reserves, stressing that this is just the first step. Swiss cryptocurrency advocates recently launched an initiative to make the Swiss National Bank (SNB) hold BTC and gold in its reserves. The SNB has expressed skepticism about holding Bitcoin as a reserve. Policymakers at the European Central Bank have consistently rejected Bitcoin as a potential reserve asset, often comparing it to the tulip mania of the 17th-century Netherlands. Also, last week on a Davos panel, South Africa’s central bank Governor ripped into the idea of a BTC stockpile, arguing that crypto industry lobbyists shouldn’t be allowed to dictate what assets governments own. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Cryptopolitan 2025-01-30 16:23
Long LINK: Trading above 100 day MA may fuel a new upside run

Invezz 2025-01-30 16:22
ECB President Lagarde Asserts Bitcoin Won’t Become a Reserve Asset for EU Members
In a recent statement, European Central Bank President Christine Lagarde expressed her firm belief that European Union member states will refrain from integrating Bitcoin into their reserve assets. This assertion

CoinOtag 2025-01-30 16:21
JUST IN! European Central Bank President Talks About Bitcoin (BTC)!
According to Bloomberg, European Central Bank Christine Lagarde spoke about Bitcoin (BTC). Lagerde said Bitcoin will not enter European reserves. “I am sure that Bitcoin will not enter the EU reserves.” The ECB President said that the general view is that reserves should be liquid, safe, secure and not disturbed by suspicions of money laundering or other criminal activities. *This is not investment advice. Continue Reading: JUST IN! European Central Bank President Talks About Bitcoin (BTC)!

BitcoinSistemi 2025-01-30 16:21
Solana (SOL) Founder Unveils Unexpected Future for Meme Coins
New epic meme coin prediction by Solana founder may change market forever

U.Today 2025-01-30 16:21

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