Cryptocurrency News Highlights: XRP ETF Approval Unlikely in 2024, Community Reacts

Cryptocurrency News Highlights Bitcoin, a digital currency curated in 2009, once again stirred a whirlpool of speculations among crypto market enthusiasts globally as the token’s price surged past the $42K mark recently. As of writing, the Bitcoin price witnessed a marginal spring of 0.70% over the past 24 hours and is currently trading at $42,405. Meanwhile, altcoins like Ethereum and XRP noted a 0-1% drop over the past day, whereas Solana noted an uptick of 3.55%.

On the other hand, with the Fed’s upcoming announcement of this year’s first interest rates decision, the BTC price is expected to boost further. With a noteworthy probability of slashed rates, market experts hope to see a significant boost in the BTC token’s price.


11:00:16 PM IST, 29 January 2024

Crypto News LIVE: Bitcoin Miner Bitdeer Targets Profitability with CEO Shift

Bitdeer, a leading Bitcoin mining firm, announced a major management shift, appointing its founder Jihan Wu as the new CEO on March 1, 2024. This move comes as the company, valued at $974.08 million, aims to achieve profitability amid three consecutive quarters of losses. With its stock trading at $8.78, up 15.5%, and projected annual profit growth of 113.91%, Bitdeer’s future performance hinges on the upcoming June results.

10:40:00 PM IST, 29 January 2024

Crypto News LIVE: OKX Wallet to Add New Bitcoin Token Standards Soon

OKX Wallet is set to expand its capabilities by integrating various Bitcoin token standards, including SRC-20 (Stamps), ARC-20 (Atomicals), DRC-20 (Doginals), and Runes, with the process starting in late February.

10:20:15 PM IST, 29 January 2024

Crypto News LIVE: USDT Nears Milestone with $1 Billion Mint Boost

Tether (USDT) is closing in on a $100 billion market cap, following a recent mint of one billion USDT, as investors anticipate fresh capital inflows into the cryptocurrency market. This development, coupled with rising stablecoin market caps and increased holdings by whale wallets, signals bullish conditions and contrasts with recent outflows from digital asset investment products.

10:00:00 PM IST, 29 January 2024

Crypto News LIVE: Amazon Prime Video to Include Ads, Affects Crypto Pay

Amazon is set to introduce ads on its Prime Video service, automatically moving customers to an ad-supported tier and impacting those paying via crypto routes like Purse.io and Crypto.com. This change could boost crypto transactions as users seek ad-free streaming, despite Amazon not directly accepting Bitcoin yet. The tech giant’s move into ads is expected to influence its 96 million US Prime households and could hint at future cryptocurrency strategies.

09:40:00 PM IST, 29 January 2024

Crypto News LIVE: IBIT Overtakes $GBTC in Trading Volume Early On

IBIT has surpassed $GBTC in trading volume just an hour into the trading day, with a current tally of $155 million compared to GBTC’s $113 million. This could mark the first time one of the ‘newborn nine’ outperforms GBTC in daily trade volume, signaling a potential change in investor preferences in the crypto market.

09:20:17 PM IST, 29 January 2024

Crypto News LIVE: Glassnode Cofounder Foresees $1B BTC Short Squeeze

Glassnode co-founder “Negentropic” predicts significant market movements for Bitcoin, foreseeing potential liquidations of $1 billion in short positions that could drive prices upward.

09:00:07 PM IST, 29 January 2024

Crypto News LIVE: Vitalik Buterin Surprises with Visit to Binance Office

Ethereum co-founder Vitalik Buterin’s unexpected visit to the Binance office has ignited widespread speculation about potential collaborations between the crypto giants. The meeting, revealed by Binance CEO Richard Teng, comes amid Binance’s regulatory challenges and Buterin’s focus on exchange security and privacy.

08:40:13 PM IST, 29 January 2024

Crypto News LIVE: Grayscale Shifts $274.95M in BTC to Coinbase Prime

Grayscale recently transferred another 6,534 BTC, valued at approximately $274.95 million, to Coinbase Prime, continuing its significant asset movements post-ETF approval. Since the ETF was passed, the firm has moved a total of 119,663 BTC, worth around $4.91 billion, to Coinbase Prime while still holding a massive 495,290 BTC, equivalent to $20.76 billion.

08:20:16 PM IST, 29 January 2024

Crypto News LIVE: XRP ETF Approval Unlikely in 2024, Community Reacts

The XRP community faces disappointment as a prominent member, @XRPcryptowolf, predicts that a spot XRP ETF won’t be approved this year, following the SEC’s delay on Ethereum ETFs and Ripple Labs’ lack of filing for one. 

08:00:17 PM IST, 29 January 2024

Crypto News LIVE: EU Regulators Crack Down on Non-EU Crypto Services

According to a Reuters report, the European Securities and Markets Authority (ESMA) has proposed strict limitations on crypto companies outside the EU, allowing them to serve EU customers directly only under limited conditions, primarily when the client initiates the service. ESMA’s proposed guidance aims to protect EU-based investors and MiCA-compliant crypto service providers from non-EU entities while prohibiting active solicitation of business within the EU by third-country firms.

07:40:14 PM IST, 29 January 2024

Crypto News LIVE: Terra Luna Classic Validators Seek Repeal of Pay-Per-Job

A proposal to repeal the controversial pay-per-job proposal 11889 on Terra Luna Classic is up for a vote, with validators aiming to eliminate it due to hindrances in development and community confusion. The proposal suggests that the binary interpretation of 11889 has led to conflicting views among validators and halted progress, advocating for a revised pay-per-job version. Meanwhile, the LUNC price has experienced a slight decrease, currently trading at $0.0000987, while USTC price dropped 2% to $0.0257 in the last 24 hours.

07:10:10 PM IST, 29 January 2024

Crypto News LIVE: Michaël van de Poppe Sees Altcoins Surging

Crypto analyst Michaël van de Poppe predicts Bitcoin will consolidate post-ETF correction, eyeing a potential surge to $48-50K. This phase could signal a prime time for altcoins to outshine the leading cryptocurrency.

06:55:17 PM IST, 29 January 2024

Crypto News LIVE: IOG Invests in Blockfrost for Decentralized Cardano Future

Five Binaries’ Blockfrost API, a cornerstone of Cardano’s infrastructure since 2020, has gained IOG’s investment to fuel its growth towards a decentralized future. This partnership aims to enhance Blockfrost’s services for the Cardano developer community, with founder Marek Mahut bringing his extensive experience to IOG’s technical projects.

06:40:18 PM IST, 29 January 2024

Crypto News LIVE: Ripple Labs’ Massive XRP Transfer Raises Alarm

Ripple Labs transfers 27.7 million XRP to an exchange, sparking concerns of a potential sell-off among investors. The move comes as XRP trades at $0.5263, with market sentiment teetering on the edge of a resurgence or further decline.

06:25:14 PM IST, 29 January 2024

Crypto News LIVE: Ripple CTO Backs New Democratic Governance for XRPL

David Schwartz, Ripple’s CTO, endorses a new governance proposal for the XRPL Foundation, highlighting its focus on transparency and democratic processes. David Fuelling’s proposal aims to increase community involvement and align with decentralization principles in XRPL’s governance structure.

06:10:15 PM IST, 29 January 2024

Crypto News LIVE: Samson Mow’s Bitcoin Outlook Ties to Govt Debt, Inflation Trends

Samson Mow highlights 10 key indicators for Bitcoin’s future, including Spot ETF inflows and network hashrate, as BTC stabilizes at $41,997.82. Amid market consolidation, Mow’s long-term BTC outlook ties in government debt, nation-state adoption, and real inflation to forecast significant growth.

05:50:17 PM IST, 29 January 2024

Crypto News LIVE: Grayscale Sees Record $2.2B Outflow Amid Market Shift

Digital asset investment products experienced…

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