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Quick Take “I’m still hopeful that we’ll launch by the end of the year,” Ripple CTO David Schwartz said while speaking at The Block’s Emergence crypto conference. The upcoming holidays may cause the launch to be delayed, he said.
Quick Take A bitcoin reserve could fuel inflation and wouldn’t be of value to the government, Bill Dudley said on Friday in an opinion column published on Bloomberg. The price of bitcoin has reached new heights over the past month, surpassing a record $100,000 on Thursday.
Quick Take With MiCA coming into play and President-elect Donald Trump coming into office, there will be a proliferation of stablecoin issuers, experts discussed at The Block’s Emergence conference. While currently dominated by U.S. dollar-denominated tokens, these issuers may instead focus on different regions and fiat currencies.
Quick Take Coinbase, through consultant firm History Associates Inc., sued the FDIC in June and accused the agency of trying to cut off the crypto industry from the banking sector. “Operation Chokepoint 2.0 wasn’t just some crypto conspiracy theory,” Coinbase Chief Legal Officer Paul Grewal said in a post on X.
- 06:49Aevo: EIGEN rewards distribution for week 1 will begin on January 24Golden Finance reported that Aevo posted on social media that it will start distributing the first week of $EIGEN rewards on January 24. Eligibility requirements: 1. Deposit weETH 2. Trade Perps on Aevo
- 06:48Justin Sun responded to WLFI's re-increasing holdings of TRX: The President is buying, and you are sellingGolden Finance reported that TRON founder Justin Sun commented on World Liberty Finance's re-increasing holdings of TRX, saying, "The second purchase often has special symbolic significance. It is not only a transaction, but also a reconfirmation of the initial decision. You are selling, and the president is buying - it's that simple."
- 06:4810x Research analyst: Bitcoin may enter a consolidation phase after breaking through $122,000 next monthMarkus Thielen, head of research at 10x Research, released his latest market report, saying that the price of Bitcoin could rise by 15% in the coming days before entering a consolidation phase. Analysis shows that Bitcoin rebounded from $98,937 to over $107,000 on January 21, successfully retesting the wedge breakout level. Since the US approved the spot Bitcoin ETF, Bitcoin has shown a pattern of rising by $16,000 to $18,000 each time, a pattern that suggests that it could reach $122,000 in February. Bitfinex analysts also took a similar view in their market report on January 21, emphasizing that Bitcoin has shown "impressive relative strength" compared to the stock market. Keith Alan, co-founder of Material Indicators, also predicted that Bitcoin would reach $122,000 based on the breakout of the cup-and-handle pattern on the Bitcoin weekly chart.