🚨 Crypto & Blockchain Scoop: Web3 Insider's Latest Updates

News

⚠️ Cynthia Lummis Threatens Action Over Alleged FDIC Document Destruction

Senator Cynthia Lummis has issued a warning to the Federal Deposit Insurance Corporation (FDIC) regarding allegations of document destruction related to “Operation Choke Point 2.0” (OCP 2.0). Whistleblowers have accused the agency of withholding and destroying materials tied to the alleged anti-crypto campaign. This has intensified scrutiny over the Federal Deposit Insurance Corporation’s practices.

🇺🇸 US Fed Money Printing Soon As Reverse Repo Under $100B, Bitcoin Rally Ahead?

The US Fed is expecting a higher currency circulation, thereby, boosting sentiments among investors. This comes after the US Reverse Repo recorded a significant decline. Experts confirmed any further fall is certain to fuel up the money printing by the US Federal Reserve. That said, it is speculated that a lower US Reverse Repo will bring more investments into Bitcoin as investors would want to divert their funds to digital assets, especially BTC as it is leading the price charts.

🏛 Will Donald Trump Announce the Strategic Bitcoin Reserve on January 20?

The incoming US President Donald Trump’s strategic Bitcoin reserve has been a public discourse as his inauguration approaches. The crypto community is watching Trump’s next move closely, anticipating a ripple effect that could prompt other governments worldwide to adopt similar policies. Industry experts believe the strategic Bitcoin reserve would be Trump’s Day 1 initiative. Crypto investor and mathematician Fred Krueger remains confident about Trump’s Bitcoin reserve announcement on January 20.

Markets

📊 Crypto Market Today Jan 17: BTC Hits $102K, Traders Eye ETH Options Expiry & Trump Trade

The crypto market today reached a $3.56 trillion market cap, surpassing Apple’s $3.5 trillion valuation as the largest company in the world. The market surged by 2.3% in the last 24 hours, with steady trading volume at $152 billion. Bitcoin (BTC) crossed the $102K mark, fueled by optimism surrounding Trump’s upcoming inauguration. Meanwhile, traders are closely watching Ethereum (ETH) options expiry, with $639 million in the notional value set to expire today, as Hedera (HBAR) and FARTCOIN both surged 20% in the last 24 hours.

⚡️ Top Reasons Bitcoin Price Could Hit $130K in 26 Days

The recent uptick in Bitcoin (BTC) has caused altcoins to explode. Ripple’s XRP, for example, has set up a new all-time high after 16% rally on January 16. With such a bullish crypto market outlook, here are top reasons why Bitcoin price could hit $131,000 in the next 26 days.

🔷 Can Ethereum Price Hit New All-Time High Before February 2025?

A confluence of technical and on-chain indicators suggests Ethereum (ETH) could hit a new all-time high (ATH) in the next month or two. Supporting this outlook is Pectra, a developmental upgrade for ETH’s blockchain and macroeconomic factors such as Trump’s inauguration. Here’s a breakdown of the key elements and how they could fuel this potential price surge for ETH.

🌐 2024 at a Glance in Web3 🌐

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.