The price of Fantom (FTM) is in the spotlight as its newly rebranded protocol, the Sonic Chain, unveiled a new milestone. Over the past 24 hours, FTM price has rebounded and has now crossed the $0.7 resistance level per current market data. Drawing on the Sonic hype, this current Fantom rebound might usher in more uptick soon.

The Sonic Chain Milestone and Ecosystem Trend

According to Sonic Chain’s update, it has reached the $100 million Total Value Locked (TVL) milestone. The protocol recorded this milestone in less than 6 weeks since the Sonic Genesis block went live. 

$100 Million TVL. pic.twitter.com/UKICYqrv0k

— Sonic Labs (@SonicLabs) January 11, 2025

While this milestone is significant, it is not the first for the protocol. Per an earlier update from coinpress, Sonic Chain breached the 1 million block milestone about 3 weeks after it launched.

The total value locked is a metric that depicts the cumulative amount of capital resident on the blockchain. Since its inception, Sonic Labs, the previous Fantom, has released some Decentralized Applications (DApps) on the protocol.

An Ethereum bridge went live in late December 2024 to chart a strong foundation for the network. 

Implication for Fantom Price

While the Sonic Chain has its native token, S, most of the advances within its ecosystem impact Fantom’s price the most. 

When writing, the coin changed hands for $0.7206, up by 2.82% in the past 24 hours. Amid the drawdown of the past week, the price of FTM jumped from a low of $0.6929 to a high of $0.7296 before resting at its current level.

Fantom had a rocky year in 2024, with a combined growth of 71%. This 52-week growth rate pales compared to its core rivals like Solana (SOL), which has jumped 90%. 

Meanwhile, Sonic Labs seeks to change the future for Fantom through the new chain. With better speed, connectivity, and a robust ecosystem, the expectation is that FTM may breach the $1 mark in the short term.

The Altcoin Season Advantage

Amid the push for relevance in the broader blockchain ecosystem, Sonic Chain and Fantom may benefit from the price surge the expected altcoin season might usher in soon.

In a recent update, Santiment data shows HODLer count growth for Ethereum, Dogecoin, and other top altcoins. This metric shows a broader market confidence for these chains, a trend that may impact Fantom if it persists.

In addition, the incoming Donald Trump administration is poised to benefit altcoins, considering the President-elect’s family is pro-DeFi.

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ETF Store President Nate Geraci has shared his top ten crypto exchange-traded fund ecosystem predictions, with XRP and Solana in the spotlight. Like many industry experts, Nate Geraci believes a major shift is coming to the ecosystem this year. 

XRP and Solana ETF Prospect In 2025

According to Nate Geraci, spot XRP and Solana ETF products will gain approval this year. As reported earlier by coinpress, asset manager VanEck filed the first Solana ETF product in the US in June 2024. Since then, the US Securities and Exchange Commission (SEC) has welcomed other SOL ETF applications from Grayscale, Canary Capital, and 21Shares.

While the Solana products are still under review, Canary Capital filed for XRP ETF in October 2023. This filing changed the crypto ETF outlook and inspired other asset managers to join the trend.

While there is no definitive update from the US SEC, the confidence for approval remains high. The change in the US SEC leadership is a major catalyst many are citing will drive the approval. President-elect Donald Trump has nominated Paul Atkins as US SEC Chair in the coming administration. 

Atkins is expected to redirect the SEC from its strict approach to crypto under Gary Gensler. Like other industry experts, Geraci believes 2025 will see the launch of Solana and XRP ETF products.

The Nate Geraci Crypto ETF Predictions

The ETF Store President shared 10 predictions on what to expect in the crypto ETF space. He believes spot Bitcoin ETFs will surpass the physical gold ETFs in assets under management. After one year of launch, several Bitcoin ETF milestones are now on record.

The Bitcoin ETF products topped $150 billion Assets Under Management (AUM), a feat that took gold 20 years to achieve. Beyond the approval forecast for Solana and XRP ETF, Geraci also believes the U.S. SEC will approve Ethereum ETF staking this year.

My 10 crypto-related ETF predictions for 2025…https://t.co/uDj1OCkaVQ pic.twitter.com/ye3zA2sinV

— Nate Geraci (@NateGeraci) January 11, 2025

Meanwhile, he narrowed the predictions to include specific ETF filings from Grayscale and Bitwise, predicting approvals for both. He predicted that Vanguard would shift its stance and support crypto ETF trading.

Donald Trump to Change the Tides

President-elect Donald Trump will take office officially on January 20, creating a new era for the industry. Beyond Paul Atkins, Trump also named a Crypto and AI Czar, David Sacks, to help coordinate policies from the White House. As reported by coinpress, one of Sacks’ first tasks is to organize an inaugural crypto ball next week.

As predicted by many experts, these trends will help fuel a robust shift in crypto regulation and enforcement. In addition to the Solana and XRP ETF approvals, price boosts are expected for both.

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The digital currency ecosystem is experiencing a rebound today, with the price of Ethereum (ETH) in the spotlight. Over the past 24 hours, the combined crypto market cap has jumped by a marginal 0.22% to $3.3 trillion. As the second-largest coin, the prospect of ETH price sustaining the uptrend and reclaiming the $4,000 mark remains up for speculation.

Ethereum Price: Product of Changing Metrics

Per current market data, Ethereum is up 2.2% in 24 hours to $3,267.90. Within this period, the coin moved from a low of $3,219.69 to a high of $3,319. Despite this uptick, some core Ethereum metrics, including the trading volume, are currently down. This metric, which determines the current ecosystem liquidity, is down by 57.57% to $13.25 billion.

Beyond the volume, the Ethereum price reacted opposite to the whale transaction figures. Per data from IntoTheBlock, whales have shuffled just 1.96 million ETH overnight, worth $6.37 billion.

For reference, Dogecoin, with a lower market capitalization, has a $23.35 billion record in whale transactions in the same period.

While an earlier ETH price analysis hinted at the likelihood of reclaiming a new all-time high (ATH), these bearish onchain metrics suggest others.

Prospect of ETH Price to $4,000

Ethereum has failed several attempts to reclaim the $4,000 resistance level since it dropped from here on December 17.

The ETH/USDT 4H Chart shows a slowing volatility. The selloff of the past few days saw its Relative Strength Index (RSI) fall to 42, almost to the oversold level. With the Moving Average Convergence Divergence indicator (MACD) line just crossing above the signal line, a trend shift is likely underway.

The close squeeze of the Bollinger Bands already proves that the volatility of Ethereum’s price has been reduced. Should the core metrics dictated by retail traders turn positive, this minor price gain might help send ETH to new levels.

As reported earlier by coinpress, the number of ETH Hodlers has grown Year-to-Date (YTD) per Santiment data. This implies many believe in the long-term prospect of the coin, which may further fuel price rebound.

Ambitious ETH Forecast Ahead

There are some reasons to stay optimistic about the price of Ethereum. First, the Pectra upgrade is advancing, and it is projected to launch later in Q1. Besides, developers have lined up the Fusaka Upgrade after Pectra, showing a steady push to make the protocol functional.

This ecosystem enhancement has prompted asset managers like Bitwise to predict a $7,000 price target for the coin. While a $4000 rebound in January might be a big feat, expectations of bigger growth for the year remain high.

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As the price of Bitcoin (BTC) continues to fluctuate below the $100,000 price mark, altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and XRP are also in the spotlight. According to data insight from Santiment, the number of HODLers for these altcoins has fluctuated thus far this new year. The crypto analytics platform hinted at the implication of the HODLer count within each protocol’s ecosystem.

The Ethereum and XRP Standout

Santiment profiled six digital currencies, including the aforementioned Bitcoin and Chainlink. While Chainlink underperformed with 3,300 drops in hodler wallets, Ethereum and XRP stood out.

The shared data showed that Ethereum had recorded a 645,000 uptick in its hodler wallets. This figure underscores its dominance as the top altcoin among retail investors. XRP followed closely with a total hodler wallet recording a 58,000 count since the start of the year.

Ranking as the only meme cryptocurrency profiled by Santiment, Dogecoin has seen a 29,000 jump in investors holding it for the long term. Cardano scored the lowest figure, with just 2,800 wallets committing to long-term growth.

As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year:

Bitcoin $BTC: +102K Wallets
Ethereum $ETH: +645K Wallets
XRP Ledger $XRP: +58K Wallets
Cardano $ADA: +2.8K Wallets… pic.twitter.com/W07x43GgW4

— Santiment (@santimentfeed) January 10, 2025

It is worth noting that the term ‘HODLer’ denotes token holders with plans to hold their assets in the long term.  As the data provider hinted, when the hodler count grows, investors or the community will be comfortable with the project. This can aid ecosystem stability and long-term token growth. 

The opposite is true when the hodler count drops as investors focus on Fear, Uncertainty, and Doubt (FUD).

Ecosystem Projects and Dogecoin Advantage

Despite the ongoing bull cycle, fluctuations have shown how volatile and uncertain the market is. As reported earlier by coinpress, ETH price lost 9% of its value in under 24 hours, a trend visible in other altcoins.

Amid this uncertainty, investors focus on crypto developer activity, and other utilities focus beyond price. While Ethereum developers are working on the Pectra Upgrade, Ripple Labs launched RLUSD stablecoin to boost XRP liquidity.

Input Output Global developers are also working on perfecting the Cardano community governance. In all, Dogecoin might take more of the spotlight in the altcoin market in the long term.

This is based on the Elon Musk-led Department of Government Efficiency (D.O.G.E), which might fuel DOGE popularity. These ecosystem trends might explain why more users are betting on the altcoin’s long-term prospects.

ETH and DOGE Predictions for 2025

Amid the fluctuations of the past few weeks, experts believe the altcoin season is still ahead. Galaxy Research said the DOGE price will top $1 this year in its projections. The Mike Novogratz-associated firm tied this forecast to the D.O.G.E ties around the coin.

Top experts also believe this year holds something big for Ethereum. Bitwise predicted that Ethereum would hit a new all-time high this year, and the asset manager said it is possible for Ethereum to reach $7,000 by the end of the year.

The post Ethereum, Dogecoin, Cardano & XRP See Growth In HODLer Count: Report appeared first on coinpress.

Spot Bitcoin ETF products got the green light to trade precisely a year ago after about a decade of waiting on the United States Securities and Exchange Commission (SEC). At the time, 11 different asset managers received approval to launch the product. These BTC ETF products have stunned the financial world with record milestones.

Standout Spot Bitcoin ETF Products

Bloomberg Senior ETF Analyst James Seyffart shared a chart comparing Bitcoin ETFs with their counterparts in the broader market. Per the chart, the BlackRock iShares Bitcoin Trust (IBIT) has the largest asset valuation after 1 year. The BlackRock IBIT crossed $50 billion AUM in December 2024. 

IBIT is now worth $52.33 billion, beating its closest rival, the Invesco QQQ Trust Series, with $18.3 billion. Notable, Invesco QQQ Trust Series is one of the world’s largest in the broader financial world.

The Fidelity Wise Origin Bitcoin Fund (FBTC) secured third place among the best ETF launches ever. After a year, its assets under management were worth $19.681 billion. Other ETF products from ARK 21Shares and Bitwise earned $4.391 billion and $3.3829 billion, respectively.

According to Seyffart, adjusting this Bitcoin ETF’s accrued assets for inflation will still place them among the top 20. The performance aligns with earlier records that show BTC and Ethereum funds dominated across 740 ETF launches in 2024. 

Tough Competitor To Gold ETFs

Acknowledging the strides of the BTC ETF products, Fox Business Journalist Eleanor Terrett also shared interesting numbers. Per her update, these ETF products have accumulated 1 million BTC units worth over $95 billion in today’s prices.

Considered the biggest asset in the world, these new ETF players also dusted Gold’s earlier milestones. The Bitcoin Exchange Traded Fund products have surpassed Gold’s AUM of $128 billion. 

A little more on just how significant the $BTC ETFs have been:

Since the launch, the ETFs have accumulated over 1 million bitcoin, worth over $95 billion at today’s prices.

4 of the ETFs are now in the top 20 best performing U.S. ETF launches of all time — @BlackRock’s…

— Eleanor Terrett (@EleanorTerrett) January 10, 2025

As pointed out by Terrett, Gold ETFs took approximately 20 years before achieving the $128 billion milestone. BTC ETFs scored this record in a year. Considering the fast growth pace of Bitcoin over gold, Michael Saylor advised investors to ditch gold for BTC.

Price Impact and Institutional Embrace

Spot Bitcoin ETF products form one of the biggest sources of demand for the underlying current. Owing to the consistent accumulation, Bitcoin price recorded its highest level in 2024. Per an earlier coinpress report, the coin hit $108,000 in December 2024 after multiple records scored in the past months.

Institutional investors in the U.S. and worldwide bought Bitcoin ETF in the US at an unexpected pace. With Donald Trump’s incoming pro-crypto administration set to start this month, there are expectations that more favorable policies to attract firms to BTC will be rolled out.

Bitwise CIO Matt Hougan is also optimistic about these funds’ performance for 2025, highlighting them as one of the three sources of insatiable Bitcoin demand in 2025. 

The post Bitcoin ETFs Turn 1: Here Are Multiple Milestones Recorded appeared first on coinpress.

Since the price of Bitcoin (BTC) fell below the $100,00 mark on January 7, it has continued to experience intense volatility amid a push for a rebound. With investors staying cautious, market data tracker CryptoQuant has hinted at a “buy the dip” opportunity traders must watch out for. 

Hopes for Bitcoin (BTC) Price Amid SOPR Signal

According to the insight from CryptoQuant’s Analyst MAC.D, the more short-term investors experience pain, the better the buying opportunities. He noted that as the BTC price dropped, the negative headlines on social media skyrocketed. Despite the ongoing price correction, he said this means the market is turning bearish.

MAC.D pointed at the Spent Output Profit Ration (SOPR) indicator to confirm waning sentiments. Per the CryptoQuant data, the SOPR is now pegged at 0.987. This proves that Bitcoin investors who have held the coin for 6 months or less are selling at a loss.

Short-term SOPR below 1, a good time for accumulation

“As short-term investors experience more pain, it often presents better opportunities for accumulation.” – By @MAC_D46035

Further details https://t.co/gNGhFcp7DB pic.twitter.com/BOUJjBFzGp

— CryptoQuant.com (@cryptoquant_com) January 10, 2025

Drawing on historical trends, MAC.D said the market is always known to rebound whenever short-term investors are selling. He reiterated that this is the right time to accumulate or “buy the dip.”

Has Bitcoin Hit Cycle Top?

The CryptoQuant Analyst said cycle indicators like the MVRV, NUPL, Puell Multiple, and the short-term investor ratio (now at 60%) all prove that Bitcoin has not hit its cycle top.

Driving the crypto market fall in the past 24 hours, Bitcoin price hit a low price of $91,220.84. At the moment, BTC is changing hands for $95,726, up 3.16% in 24 hours. Despite the earlier drawdown, MAC.D said the selloff does not signal the end of the upward cycle.

The analyst said if short-term investors continue to sell their BTC, smart ones might accumulate at a discount. He concluded that selling now might be “a very unwise decision.”

More Volatility Ahead of Trump’s Inauguration

Bitcoin price has shown that it remains a volatile financial asset that reacts to even macroeconomic conditions. Earlier this week, there were reports that the U.S. Department of Justice has received the green light to liquidate about $6 billion in BTC seized from the Silk Road marketplace.

The market tumbled in response to this update. However, industry leaders like Bitwise CIO Matt Hougan reassured the market would absorb and buy back the BTC should the U.S. government sell. Despite these assurances, the coin has yet to recover.

With expectations on the incoming Donald Trump administration to do right by the industry, the volatility might increase more in the coming days.

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American blockchain payments firm Ripple Labs Inc. has transferred 300,000,000 XRP from one of its internal wallets to an anonymous one. Known for related transactions, the market is now left wondering what Ripple is up to with this new move.

Ripple and XRP Transfer Consistency

According to data insight from Whale Alert, the payments company transferred 300,000,000 units. This total XRP moved is valued at $682,584,540, implying that each coin was moved at an average price of $2.275. 

300,000,000 #XRP (682,584,540 USD) transferred from #Ripple to unknown wallethttps://t.co/d5Vu4aasU6

— Whale Alert (@whale_alert) January 9, 2025

According to the bithomp explorer, the Ripple address received a 300 million XRP inflow on New Year’s Day. This is likely the XRP Ripple Labs transferred, as spotted today. As reported earlier by coinpress, this latest transfer marks one of the high-profile transactions initiated since a major escrow fund movement earlier this month.

At the time, the escrow movement and whale activity led to the XRP price jumping 15%. This shows why large Ripple transactions can impact XRP’s market sentiment. 

Meanwhile, the motive behind the latest transfer remains unknown. Still, this particular wallet has activated a series of addresses for Ripple, implying it is likely used for general-purpose transactions.

The Push for XRP Utility

Since its inception, XRP has occupied a pivotal position as a payments firm in Ripple Labs’ business. On its part, the company is helping to develop the coin’s ecosystem in different ways.

Besides the liquidity control through the escrow releases, the firm is also developing the XRP Ledger. As a smart contract protocol, the XRPL has gained widespread adoption amid sustained upgrades from core developers.

Recent rumors even suggested Bitstamp may be building an exchange on XRPL. In addition, the advent of the RLUSD stablecoin on both the XRP Ledger and Ethereum has further solidified the utility push for the coin.

Beyond Retail Traders, the ETF Pursuit

The broader crypto ecosystem expects a regulatory turnaround once President-elect Donald Trump is sworn into office. One of the major signs of this shift is the expectation for the approval of new crypto ETF products.

 While Bitcoin and Ethereum ETF launched in 2024, top asset managers have filed for altcoin alternatives, expecting XRP ETF approval. If approved by the US SEC, this product will expose the coin to more whale-like transactions.

Ultimately, this can impact the long-term growth prospect of XRP as an asset.

The post Ripple Labs Moves 300 Million XRP, What’s Happening? appeared first on coinpress.

Binance Exchange is in the spotlight as the trading platform that dominated Bitcoin (BTC) and Ethereum (ETH) outflows in the past year. According to CryptoQuant analyst Crazzyblockk, the trading platform set a new benchmark for exchange activity. 

The Binance Bitcoin and Ethereum Outflow Dominance

According to Crazzyblockk, crypto exchange Binance processed nearly 2 million Bitcoin and Ethereum outflow transactions in December 2024. Since 2018, the exchange has consistently led the market per Bitcoin and Ethereum outflow transaction counts. 

Binance Dominates Bitcoin and Ethereum Outflows in 2024

“In the last month of 2024, Binance processed nearly 2 million BTC and ETH outflow transactions, setting a new benchmark for exchange activity.” – By @Crazzyblockk

More details https://t.co/2O2s440FYz pic.twitter.com/zYG0BasQcg

— CryptoQuant.com (@cryptoquant_com) January 9, 2025

Despite the shift in the U.S. market per the emergence of crypto-based exchange-traded funds, CryptoQuant noted that Binance maintained its dominance. The trading firm led its rivals to process the highest monthly BTC and ETH outflow trades.

The analyst pointed out that the December 2 million outflow transaction count shows Binance’s deep liquidity. The record presents the exchange with robust infrastructure and a defined role as a core gateway for crypto trading withdrawals.

Binance achieved this milestone despite the impact of the departure of Changpeng ‘CZ’ Zhao as the CEO in 2023 

Exchanges Supporting Crypto Market

While Binance ranked as the biggest per Bitcoin and Ethereum outflow processing, exchanges generally played a vital role in the crypto market’s evolution last year.

Coinbase exchange, for instance, played a vital role as a major custodian for Bitcoin and Ethereum ETF issuers. Beyond its role in the institutional market, Coinbase also played a key role in offering retail products through new token listings. coinpress reported recently that Coinbase listed MOG Coin, Moo Deng, and other retail-focused tokens.

Rivals like Binance have also stepped up their listing game to match support for other evolving assets beyond BTC and ETH.

Market Predictions For 2025 – Bitcoin and Ethereum In Focus

Bitcoin and Ethereum influence the market with a combined dominance of at least 68.8%. While CryptoQuant did not predict what outflow trends might accompany the assets this year, industry leaders gave some forecasts about both coins and their ecosystems.

Bitwise, for instance, predicted that Bitcoin and Ethereum prices would hit a new all-time high (ATH) this year. Specifically, Bitwise said BTC would hit $200,000 and Ethereum would hit $7,000 this year. 

Meanwhile, BTC has recorded multiple ATHs this bull cycle fueled by demand from Binance and other platforms. However, Ethereum has yet to break a similar record. Other asset managers like Galaxy Digital also issued optimistic forecasts for BTC and ETH this year.

Ultimately, the belief is that due to their dominance and correlation with altcoins, a growth in their price might create a ripple effect for other digital assets.

The post Binance Leads Bitcoin and Ethereum Outflows in 2024: CryptoQuant appeared first on coinpress.

After an intense selloff earlier this week, Bitcoin (BTC) whales are likely fueling a rebound in the broader crypto market. Now in consolidation, the market might face a potential breakout if ongoing acquisition from BTC whales translates into a short-term price rally.

Bitcoin Whales Taking Advantage of Correction

According to CryptoQuant data, large buying activity has resumed onchain after what it termed the biggest selloff of 2024. As reported earlier by coinpress, the BTC price fell suddenly after the US jobs and ISM Services Prices PMI came in strong. Despite this macro data, which indicated no rate cut by the US Federal Reserve, traders stayed cautious.

Today, the Bitcoin price traded from a high of $97,258.32 to as low as $92,525.84. Noting the price outlook, CryptoQuant Analyst Cauê Oliveira said market whales waited patiently to accumulate just below the $95,000 level.

After the biggest dump of 2024, whales are accumulating Bitcoin again

“However, large players took advantage of the consolidation to open TWAP positions, patiently accumulating just below US$ 95K.” – By @caueconomy

Full post https://t.co/yGOkuW0zo7 pic.twitter.com/9lqlHoWa4O

— CryptoQuant.com (@cryptoquant_com) January 8, 2025

In his detailed analysis, Oliveira said that institutional investors dumped around 79,000 BTC over a week. This action triggered a 15% correction that the market is still not free from. He pointed out that large whales took advantage of the situation to open “TWAP Position” over the past 30 days.

Institutional Investors Shielding the Market

Per the CryptoQuant analyst, Bitcoin whales have bought more than 30,000 BTC units over the past month. He confirmed that institutional investors are the primary source behind the buying pressure for the recovery of BTC.

The analyst pointed out that the retail demand for BTC has remained at its highest level in five years. Meanwhile, Bitcoin whales or institutional interest remains high overall.

Most institutional buyers include firms like MicroStrategy and Riot Platforms. In a recent report, MicroStrategy bought $22 billion BTC in 2024. Following its purchases, the firm recorded a BTC yield of 74.3%.

If related acquisitions continue, there are projections that it can help BTC print new highs in the mid-term.

The Shift to a Third Force

While institutional investors formed the Bitcoin whales caucus that pushed the coin’s price to an all-time high of $108,000, nation states are predicted to join soon.

After President-elect Donald Trump’s inauguration, conversations about a strategic Bitcoin reserve are growing. During his campaign, Trump pledged to set up such a reserve once he entered office, and the industry now expects him to fulfill his promises.

If the US makes this move, market experts predict that other nations will follow. In the long run, the impact on Bitcoin price might be profound.

The post Bitcoin Whales Are Accumulating Again, Is Price Rebound Ahead? appeared first on coinpress.

Crypto wallet developer Exodus Movement Inc has made history in its journey as it got uplisted on the New York Stock Exchange (NYSE) American. For a firm that traded in the OTC Markets (OTCQX), this NYSE listing marks a major upgrade for the firm.

Exodus Innovation Paid Off?

The self-custodial crypto wallet maker came into the limelight in 2015 and has launched backing for different protocols, including Bitcoin and Algorand. Prior to its listing on the NYSE American, the firm’s stock was under the ticker symbol “EXOD.” Known as a mild performer, the stock recorded an all-time high of $41 on hype around the uplisting in December 2024.

In May, the United States Securities and Exchange Commission (SEC) blocked the firm’s NYSE listing attempt. The 11th-hour approval now marks a major shift in the crypto regulatory landscape in the U.S. This is due to Donald Trump’s pro-crypto stance. The US president-elect has so far been welcoming to industry leaders and recently met with Ripple’s CEO Brad Garlinghouse.

With the listing, Exodus represents the first time common stock will be tokenized on a blockchain.

BREAKING: The NYSE officially welcomes @exodus, which is tokenized on the Algorand blockchain.

This marks the first time common stock has been tokenized on a blockchain. pic.twitter.com/lks6u8ViMV

— Chain Gab (@ChainGab) January 8, 2025

Meanwhile, the listing has triggered a major selloff in EXOD, triggering reactions from the community. Many remain concerned that the listing might not have paid off after all. Per market data, EXOD price was down by 10.71% in 24 hours to $35.10. Amid this, the firm’s stock is maintaining a 14% surge in the past 5 trading days.

Spotlight for Lagging Supported Tokens

The Exodus Wallet supports a number of digital currencies in the market, including Bitcoin (BTC), Algorand (ALGO), and EOS, among others.

The firm’s public debut on the NYSE will further place the spotlight on these assets. This spotlight may help drive renewed interest to these assets.

While the impact of Exodus listing on NYSE might be an indirect boost for the market, it has effectively set the pace for other firms eyeing an IPO this year.

Bitwise on Firms To Go Public This Year

As part of the Bitwise 2025 predictions, the asset management firm forecasted that at least 5 crypto unicorns will go public in the US this year.

The asset manager named Kraken Exchange and stablecoin issuer Circle Internet Financial as the top candidates. It also named Figure, Chainalysis, and Anchorage Digital to complete the top 5 list of potential candidates.

Circle has made proactive moves regarding its IPO plans. However, while awaiting the US SEC’s greenlight, the firm unveiled Hong Kong expansion plans last year.

The post Algorand-Linked Exodus Wallet Goes Public on NYSE appeared first on coinpress.

Solana co-founder Anatoly Yakovenko has broken silence on the early milestone the protocol achieved regarding open sourcing its codes to developers. This update comes at a time when the Hyperliquid is facing criticism from the community regarding how accessible its codes are. The insight from Yakovenko has further painted Solana as one of the most functional in the ecosystem.

The Solana Open Source Strategy

Considered one of the most difficult things to achieve alongside decentralization and scalability, Yakovenko said the protocol used OCC License from day one. He said he forced all the ecosystem developers at the time to coordinate over a public channel.

The Solana founder confirmed that “getting OSS contributors is the hardest b2dev sales process.” Notably, he claims the only he has seen developer cordination work is if the process is open sourced.

Meanwhile, the comment from came from a comment from Solana Foundation contributor, known on X as kehaya. He said the fact that Solana got the Open Sourcing right earlier on accounted for why he joined the ecosystem.

Use a real OSS license on day one and force all the devs to coordinate over a public channel. Getting OSS contributors is the hardest b2dev sales process. The only way I’ve seen it work is if it’s truly open source through and through. https://t.co/f4oimxP3hT

— toly (@aeyakovenko) January 8, 2025

Open Source Innovations on Solana, and Limitations

Solana did not pioneer all of the unique decentralized applications in Web3 as Ethereum remain the first mover in this regard. However, the emergence of Pump Fun pioneered the memecoin launchpad in the industry.

The Ethereum-challenger has seen massive success with the wide adoption of its ecosystem DApps. Its memecoins including BONK and dogwifhat are some of the most valued in the market at the moment.

However, amidst all these successes, some protocols within its ecosystem has continued to battle outages as adoption grows. On his part, Anatoly Yakovenko and his team have deployed a patch designed to solve the congestion woes. Earlier this week, Solana developers proposed the account hashing system to also enhance the protocol’s scalability.

Expert Forecast on Future of SOL

The broad embrace of Solana has triggered a lot of positive price milestones for the coin. In the past year, SOL has moved from a low of $79.06 to a high price of $263.83 as it sets a new All-Time High (ATH). At the moment, the coin’s spot price comes in at $194.16, down 6.02% in the past 24 hours.

Riding on its key attractive tech stack and other features, top venture capital firms like VanEck sees the coin hitting a $3,211 price market by 2030. An earlier SOL price analysis teased potential to hit $400 this month.

Drawing on its future prospects, Canadian publicly listed firm Sol Strategies has confirmed investment in SOL as reported earlier by coinpress.

The post Anatoly Yakovenko Reveals How Solana Achieved Open Source Status At Launch appeared first on coinpress.

Amid whales embrace, the price of Cardano (ADA) has seen a dramatic slip in the past 24 hours, a shift that comes following the unexpected beating Bitcoin (BTC) in late trading hours. As one of the biggest gainers over the trailing 7-day period, Cardano is maintaining resilience above the $1 price mark. With the twist in the market, the roles of ADA has now come to the frontline.

Cardano Whales and The Market Twist

At the time of writing, ADA price was trading for $1.109, down by 8.59% in the past 24 hours. Amid the broad altcoin selloff, Cardano dropped from its intra-day high of $1.15 to a low of $1. Per an earlier ADA price analysis, the coin showed potential for a retest of its All-Time High (ATH) following its 24-hour breakout.

Cardano managed to maintain the $1 support level, partly as a result of the impact of whales in the ecosystem. According to an X post from market analyst Ali Martinez, Cardano whales have acquired 10 million ADA in the past 24 hours.

Whales bought 10 million #Cardano $ADA over the last 24 hours! pic.twitter.com/k7s2l00E1R

— Ali (@ali_charts) January 7, 2025

As shown in the shared Santiment chart, the whale acquisition aligned with the rally recorded by Cardano price within the 24 hour period. This whales bet proves that many are convinced in the future growth potential of the coin.

Ecosystem Updates to Complement ADA Whales Bet

Over the past 7-days, the coin is still retaining an 18.83% rally, proving its inherent growth trend. While the ecosystem whales have validated the coin’s potentials, current ecosystem updates are complementing this push.

As reported earlier by coinpress, the Cardano ecosystem has transitioned to its decentralized governance era or Age of Voltaire. To fully usher in this decentralized governance, the community budget and constitution need approval. According to Charles Hoskinson, getting these pending items approved will mark his last duty for the ecosystem.

Beyond these governance that might make ADA an attractive asset, the protocol also have plans to introduce new products and chart more collaborations this year. Among its planned products include Bitcoin DeFi, Lace Wallet updates and Midnight Protocol among others.

Flowing With the Ecosystem Tides

Beyond its technical and fundamental strengths, the future of ADA also hinges on the broader market with Bitcoin as a reference. The coin still maintains a strong correlation with BTC and should the incoming Donald Trump administration favor Bitcoin, Cardano might benefit from the ripple effect.

With products like XRP, Litecoin and Solana ETF now in view, a pro-crypto Presidency might see a Cardano fund filed in the near term.

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American cryptocurrency exchange Coinbase Global Inc has once again scored a big win in its ongoing legal battle against the US Securities and Exchange Commission (SEC). In a recent update from CLO Paul Grewal, the court, presided over by Judge Catherine Polk Failla has granted its request for an interlocutory appeal. This case borders on the charges filed by the US SEC that Coinbase facilitated the trading of crypto asset securities.

The Coinbase Victory Against US SEC At a Glance

According to Order from Judge Failla, the request for interlocutory appeal from Coinbase is now granted. This decision marks a major deviation from an earlier rejection of the exchange’s argument that assets on its platform do not constitute investment contract.

As contained in latest summary judgement, Judge Failla initially ruled against the trading platform in a prelim judgement that came on March 27 2024. The Court at the time noted that it considered the prongs of the Howey Test based on the review.

Coinbase objected to the ruling as it flagged some blanket representations of the Howey Test that do not apply to its product offering. After this, Judge Failla gave both parties a lengthy discovery period that before this latest order.

Following this order, the case will now proceed to the Second Circuit Court of Appeals with proceedings set to come in coming weeks. Pending that time, Judge Failla ordered a stay on all proceedings regarding the case

Coinbase and Fight Against Establishment

Meanwhile, the exchange scored another major win against the U.S FDIC recently. The FDIC suit hinges on request for documents based on the Freedom of Information Act (FOIA). The trading platform made attempt to uncover the FDIC’s overreach in choking out crypto firms in the banking system.

Following the discoveries, the exchange now have evidence that the FDIC tried to kill Bitcoin transactions in the United States.

Beyond the FDIC, Coinbase also have a separate legal battle with the US SEC. The exchange filed this lawsuit against the regulator as it sought to understand its rulemaking standards. The fight against the US Federal agencies marks a continuous one for Coinbase which has filed several Amicus Briefs in legal battles against the SEC.

More Proactive Advocacy Approach

Beyond legal battles, Coinbase also plays a frontline role in shaping policy in Washington. The trading platform remains one of the biggest donors to Crypto Super PAC Fairshake. Fairshake’s influence was evident in the last election cycle.

Coinbase CEO Brian Armstrong also advocated against Caroline Crenshaw as a returning commissioner to the US SEC. The exchange’s CEO believes Sen Crenshaw is anti-crypto, an opinion held by other members of community.

The Armstrong demand came to pass as the Senate hearing for Crenshaw was canceled.

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Matt Hougan, the Chief Investment Officer (CIO) of American asset management firm Bitwise, has reacted to the news of the Czech Republic’s strategic Bitcoin reserve plans. Having predicted earlier that nation states adoption of Bitcoin will soar this year, Hougan noted that “the dominos start to fall.”

Czech Republic Bitcoin Plans

In a CNN Prima News interview, Aleš Michl, the Governor of the Czech National Bank, revealed they are weighing how to diversify the country’s reserves with Bitcoin. However, he added that there are no active strategies in place to make this move yet.

While Michl said he favors the onboarding of Bitcoin as an asset diversifier for the Czech Republic, he said this decision is not solely his to make. He said there are seven members on the board whose say might also sway the ongoing discussion. Despite the lack of concrete plans, the Governor acknowledged that;

“Bitcoin is an interesting option for diversification against other assets.”

On his part, the Czech Republic National Bank executive said he plans to add just a few Bitcoin units with no plans to make a significant investment. This plan to make Bitcoin a strategic reserve asset aligns with the growing conversations in different nations. While Japan rejected the BTC reserve idea, different states in Switzerland continued to explore the plans.

MicroStrategy bought 258,320 BTC in 2024, and with this, the focus on the top coin has grown over the past few months. While corporate firms are looking to borrow the MicroStrategy playbook, Matt Hougan predicted that governments will firm one of the three insatiable demand sources for Bitcoin this year.

The three sources of insatiable demand in 2025: Companies, ETFs, and Governments. https://t.co/vatSG6wxgF

— Matt Hougan (@Matt_Hougan) January 6, 2025

The Wait on Donald Trump Administration 

The Czech Republic is considering adopting Bitcoin as a strategic asset, marking a major advancement in the idea that started with Donald Trump. During his Presidential election campaign, Trump promised to establish a strategic Bitcoin reserve in the United States. The crypto community is now very expectant following his victory.

On his part, the President-elect is convening a crypto advisory council that will help look into the BTC strategy. Many industry leaders are in support of the plan, highlighting how it can help the country solve its growing debt challenge.

However, the economic viability and longer-term impact on the US Dollar remain a concern that might derail the plans overall. In light of this, Peter Schiff proposed USACoin as an alternative to the BTC reserve plans, as reported earlier by coinpress.

Bitcoin As Biggest Beneficiary

Amid the growing conversations around the adoption of Bitcoin, the coin has a major prospect of continuing to grow. Notably, the top five Bitcoin price predictions for 2025 peg the coin at a range of $200,000 to $500,000, hingeing on its status as a reserve in most nations’ portfolios.

Currently, the coin is down by 4.45% in 24 hours to $97,173.39. The coin dropped from a high of $102,712.48 as investors cooled off from the latest rally.

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Coinbase CLO Paul Grewal has once again spotlighted the role of the Federal Deposit Insurance Commission (FDIC) in the attempt to crackdown on Bitcoin (BTC) in the early days. Paul Grew reiterated that many considered Operation Chokepoint 2.0 a serious challenge for the US. However, he said the FDIC’s abuse of FOIA Exemption 8 remains an insult to the public and the courts.

The New Coinbase CLO Discoveries In FDIC Files

According to Paul Grewal, the FDIC lied in its communication with the exchange and the courts in the FOIA legal battle. He said the evidences showed that the commission made efforts to hide evidence that showed it tried to kill Bitcoin transactions. Beyond this, he confirmed the regulator also tried quashing blockchain as a technology and the establishment of an account for stablecoin reserves.

Specifically, the Coinbase CLO flagged the massive redactions in the first FDIC letters handed over. He noted that even the Judge in the case expressed dissatisfaction regarding the details the agency tried to cover up. As part of its excuses under Exemption 8, the regulator noted that it retrieved some information as it may harm the target firms.

The FDIC said the firm’s marketing and business operations might be made known to the public. However, when Coinbase received the unredacted files, Grewal said the team saw no proof that the shielded details would have impacted any business in the industry.

We now can see there was zero foreseeable harm from these redactions. In fact, there’s zero harm at all. We redlined what was originally redacted and what was ordered unredacted. Don’t take our word for it– see this for yourself: https://t.co/PQqwyIlmyi 5/6

— paulgrewal.eth (@iampaulgrewal) January 6, 2025

Again, Paul Grewal is calling for a probe of this chokepoint agenda in order to prevent its recurrence.

Changes Coming Soon

While it might not come off as what the industry expected, Michael Barr has resigned from a key role as banking supervisor at the Federal Reserve. Although his departure will not be effective until February, leaving the role might losing the strict oversight on banks.

Barr is pro-stablecoin regulation and many considered him a major barrier preventing the integration of crypto into banks.

With the Donald Trump inauguration coming in 2 weeks, the crypto industry expects defined changes beyond the Coinbase CLO’s call for OCP 2.0. Donald Trump’s Crypto Czar appointee David Sacks, SEC Chair nominee Paul Atkins and other officials will help drive pro-crypto policies.

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The Bitcoin (BTC) Coinbase Premium Index is flashing positive readings for the first time this year and since at least December 16. This metric nosedived earlier as investors shtarted exhibiting caution on Bitcoin’s price which entered a rangebound motion on December 19. The switch in this Coinbase Premium has continued to shifthe market sentiment with BTC price coming off as the biggest beneficiary.

Coinbase Premium and Bitcoin Adoption

The United States remains the largest capital market for Bitcoin’s institutional adoption. The Coinbase premium BTC index helps measure the difference between the price of Bitcoin on the American exchange and Binance. Whenever this index flips positive, it shows an uptick in the demand from the U.S market. The opposite holds true when the index is negative.

According to the Analytics insight from CryptoQuant, the data points proves there is a dominance of buying pressure in the American market. The analytics platform also confirmed that Bitcoin’s 14-day Simple Moving Average also flipped positive 3 days ago, the first time in 3 years.

Since the 72-hour timeframe, BTC price has jumped by 4%, edged closer to $100,000, a move that aligns with historical contexts. CryptoQuant pointed out that when the Coinbase Premium last turned positive in November, 2024, price jumped from $69,000 to $108,000.

3 days ago, Coinbase Premium Index crossed SMA14 for the 1st time in 26 days—Bitcoin is now up 4% to $102K.

In Nov 2024, a similar move saw Bitcoin rally from $69K to $108K.

U.S. buyers could be back in action. pic.twitter.com/XtAlHUzzvv

— CryptoQuant.com (@cryptoquant_com) January 6, 2025

CryptoQuant analysts are suggesting that if the U.S investors are back in action, the price might ultimately soar beyond its previous All-Time High of $108,000.

Cucial Growth Factors Align

The digital currency ecosystem in the United States is already reacting to the incoming inauguration of self-proclaimed Bitcoin President Donald Trump. At the time of writing, the price of Bitcoin was changing hands for $102,217.34, up 3.78% in the past 24 hours. The coin has moved from a low of $97,926.14 to its multi-week high of $102,482.87

Should the coin sustain the current momentum, it might reclaim its all-time high in line with projections from Robert Kiyosaki and other top market analysts.

The trend arounding a favorable crypto regulatory policies and growing acquisition from MicroStrategy and spot Bitcoin ETF might help chart its sustained growth course.

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Michael Barr, a Federal Resrve Board Member has stepped down from his role as the Vice Chairman for Banking Supervision about 2 weeks before the next administration. Per the announcement from the Federal Reserve, Barr will officially relinquish his role as the Supervision head on February 28. His update has stirred a major update discussion about what this means for the crypto industry.

New Era For Federal Reserve and Crypto Relationship?

According to the official update, Michael Barr will stay on as a member of the Fed’s Board of Governors. Per his antecedents as the banking sector supervisor, Michael Barr is known to hold strong positions about the industry regarding regulations.

Specifically, he has always advocated for stablecoin regulations in the United States. Notably, the resignation as Bank supervisor came amid reports that President Donald Trump do not plan to renew his nomination.

Per Fox Business Journalist, Eleanor Terrett, Michael Barr remains one of the reasons behind the strained Federal Reserve and crypto relationship.

While the crypto industry considers Michael Barr an ally to Sentaro Elizabeth Warren, there are proves to show he might have an anti-crypto agenda. These include evidence of his meetings with the Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC).

Nobody met with Gensler more than Barr on a consistent basis. pic.twitter.com/7wuSOM1n8k

— Cowboy.X (@cowboycrypto313) January 6, 2025

Gensler announced his resignation in November and President-elect Donald Trump picked Paul Atkins to lead the SEC. With the departure of Michael Barr and Gary Gensler from the key roles, there are expectations crypto regulations will improve.

Crypto Industry Winning

With barely 14 days to the inauguration of Donald Trump, the crypto industry is arguably winning. Beyond the limitations imposed by Federal Reserve that led to the collapse of Silvergate Bank, many expect comprehensive reforms.

Already, Coinbase Exchange has handed the industry an evidence that shows regulatory overreach. In a recent update, Coinbase secured unredacted FDIC files that shows the commission asked banks to choke out crypto firms.

For these trends, industry leaders are calling for a broad-based probe of Operation Chokepoint 2.0, a move that might also involve the Federal Reserve.

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Cardano founder Charles Hoskinson took to the X platform recently to inform members of the ADA community of what the future holds for Lace Wallet. He hinted at the numerous upgrades planned out for the Cardano-based light wallet platform this year.

The Potential Lace Wallet Upgrades

In his X post, Hoskinson suggested that Lace would make a debut on multiple platforms. This is in addition to the other new and exciting features that the wallet would welcome.

Only a few days ago, the Cardano Founder voiced his optimism on the possibility for Lace Wallet to become a “powerhouse” this year. This was around the time when the wallet announced that its migration of users from Nami to Lace, was in “full swing. ”

Apart from Lace, the Cardano ecosystem is also working on enhancing other solutions within the ecosystem. In November, Hoskinson engaged Ripple’s CTO David Schwartz in a technical discussion around Midnight and XRP.

As a privacy-focused blockchain project, Midnight is designed to enhance secure data handling while also maintaining regulatory compliance. Hoskinson is very positive about Midnight’s potential to drive the evolution of privacy-centric Decentralized Applications (dApps) and further blockchain development.

Their discussion suggests that there may be an impending collaboration between Cardano and Ripple in the near future.

In the case of Voltaire, the Chang Hard Fork upgrade, which ushers this decentralized governance era launched in September. This launch put Cardano’s future in the hands of the community to govern.

Consequently, Hoskinson confirmed that his last duty for the ecosystem “is to remove any roadblock for this transition.” He promised to prevent any bottleneck that will derail the plans this year.

The Cardano Bitcoin DeFi Plans

In addition to the different solutions designed by developers in its ecosystem, Cardano has plans to explore Bitcoin DeFi. There is currently a growing clamor for utility around the flagship cryptocurrency and recent partnerships between Cardano and BitcoinOS to create a bridge for both ecosystems.

So far, the Cardano team has been saddled with the responsibility of coming up with a meaningful Bitcoin roadmap demo by May 2025. To achieve its set goals, Charles Hoskinson stated that Cardano will collaborate with Fair Gate Labs, a Multi Party Computational protocol.

Notably, Cardano price is up 3.4% in 24 hours to $1.07 as investors remain hyped by its upgrades and ecosystem plans.

The post Charles Hoskinson Issues Major Cardano Lace Wallet Update To Expect appeared first on coinpress.

RLUSD, the stablecoin floated by American blockchain payments firm Ripple Labs is growing at a fast pace, currently flipping its core rivals in 24 hour trading volume. Despite the stablecoin’s young age, it has printed a sustained growth track to beat Paypal’s PYUSD and Circle’s EURC tokens. This milestone comes despite Ripple USD showcasing a much smaller market capitalization than the duo.

RLUSD Stablecoin and the Performance Metrics

Per data from CoinMarketCap, the Ripple stablecoin boasts a self-reported market cap of $53.1 million. Atop this, the stablecoin saw its trading volume jump by 1,566% in 24 hours to $607.58 million.

This unexpected boost contrasts sharply with Paypal’s PYUSD with a $491.72 million capitalization and a 24 hour volume of $19.74 million. Also, Circle’s EURC, a MiCA-compliant token with market cap of $82.38 million and $10.55 million volume.

While it remains unclear the reasons for the RLUSD stablecoin growth, uptickthe current outlook positions it as the 3rd most traded token after Tether (USDT) and Circle’s USDC.

A related growth is seen across the board for Ripple coin per data insights from XPMarkets. At the moment, the token has a total user of 7,600, up from the 1000 it recorded 24 hours after Ripple launched the stablecoin in December, 2024.

With the RLUSD stablecoin’s growth trend, it is now the 13th largest asset on the XRP Ledger by market capitalization.

The token’s growth also hinges on its expansion on top trading platforms globally. As reported earlier by coinpress, it launched on Bullish on Christmas Eve after it made its global debut on Uphold and Bitso. These listings helped boost its liquidity and accessibility by users.

Ripple, XRP Ledger and RWA Agenda

Beyond its direct role in facilitating payments, Ripple Labs has a bigger plan for the RLUSD stablecoin. The firm is making ambitious move in the Real World Tokenization (RWA) world through its partnership with Archax.

Ultimately, the firm hopes to integrate the stablecoin as a primary liquidity layer in driving this use case. The firm recently launched its first tokenized money market fund on XRP Ledger lately, establishing its foothold in this industry.

Ripple executives have reiterated how the stablecoin, XRP Ledger and XRP will form a complementary bond across its product suite. The liquidity boost of the stablecoin might account for the latest rally in the price of XRP as reported earlier by coinpress.

As of writing, the coin was changing hands for $2.432, up by 2.6% in the past 24 hours. In an earlier XRP price analysis, the coin is projected to hit Should the broad Ripple plans work out, analysts are projecting a potential push to $3.5.

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Pro-crypto lawyer John Deaton is taking a frontline role with the quest to probe the Operation Chokepoint 2.0 of the digital currency ecosystem. In a recent post on X, the XRP holders’ lawyer said he is volunteering to lead the Federal investigation into Chokepoint 2.0. Notably, the pro-crypto attorney comes off as one of the first industry personalities to call for a probe into these broad crypto crackdown in the U.S.

The John Deaton Take on Operation Chokepoint 2.0 Probe

On the X platform, he outlined his qualifications as a former prosecutor and Special Assistant to the United States Attorney. He noted this as a basis to take on the task. John Deaton said he would accept the task without salary. He outlined his motivation as the need for Americans to know the truth on government agencies overreach.

As he noted that the impact of Operation Chokepoint 2.0 goes beyond Custodia Bank or other affected crypto firms. He claimed it is a dangerous precedent that can erode trust in America as a free economic market. John Deaton said unelected bureaucrats cannot just pick winners and losers in an industry they do not like.

As a former prosecutor and Special Assistant United States Attorney I am very serious about volunteering to help lead a federal investigation into ChokePoint 2.0. I would accept the task without salary. The American people deserve the truth a hell of a lot more than I or anyone… https://t.co/LFdhpCixnr

— John E Deaton (@JohnEDeaton1) January 4, 2025

With the revelations thus far, FDIC documents obtained by Coinbase shows cordinated attempt to cut off crypto from banking resources. Meanwhile, to solidify his callout, he tagged President-elect Donald Trump and leaders that might institute the probe.

Making Good on Crypto Promises

The plans to probe the Operation Chokepoint 2.0 did not come as part of President Donald Trump’s campaign promises. However, industry proponents believe this lingering overreach need to be addressed before promised reforms will come.

The industry is now watching to see how the incoming administration will handle the demands of crypto leaders. Appointed Crypto Czar David Sacks has promised to look into the Chokepoint agenda with backing from lawmakers like Rep French Hill.

Only time will tell whether or not the incoming administration will consider the volunteer offer from John Deaton.

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