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Ripple (XRP) News Today: February 2nd

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Here are the latest and most interesting developments surrounding Ripple’s ecosystem.

Ripple made the headlines by expanding its global presence. The firm was also featured in the recently-released Epstein files, which caused huge controversy.

Meanwhile, the latest market crash has deeply affected XRP, whose price collapsed to a multi-month low.

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Expansion in Europe

Earlier this year, Ripple secured preliminary Electronic Money Institution license approval from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Just recently, it announced that it received full ratification from the regulator. Speaking on the matter was Cassie Craddock (Managing Director, UK & Europe at Ripple):

“Securing our full EMI license in the EU is a transformative milestone that reinforces Ripple’s presence at the heart of European finance. Europe has always been a strategic priority for us, and this authorization allows us to scale our mission of providing robust, compliant blockchain infrastructure to clients across the EU. We are now better positioned than ever to help European businesses transition into a more efficient, digital-first financial era.”

Prior to that, Ripple Markets UK Ltd (the firm’s subsidiary in the United Kingdom) obtained registration with the Financial Conduct Authority (FCA), confirming its compliance with the British anti-money-laundering regulations and counter-terrorist financing rules.

The Epstein Connection

A few days ago, the US Department of Justice released a new wave of millions of pages, videos, and images tied to the late sex offender Jeffrey Epstein. Interestingly, Ripple was also mentioned in the process.

One of the released emails is from Austin Hill (co-founder of Blockstream) and is addressed to Epstein and Joichi Ito (former director of MIT Media Lab). In that message, Hill asks the men to call him to discuss Ripple and Stellar, saying both projects are “bad for the ecosystem we are building.”

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X user Dr Russel McGregor advised Ripple’s team to demand that the SEC, DOJ, and Congress release all records related to any Epstein-linked influence on early crypto policy.

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David Schwartz (one of the original architects of the XRP Ledger) gave his two cents on the matter, saying he wouldn’t be surprised if “this is just the tip of a giant iceberg.”

XRP Price Outlook

Ripple’s cross-border token recently fell to a 14-month low of around $1.50, coinciding with the broader market’s bearish conditions. Currently, it trades at roughly $1.64 (per CoinGecko’s data), representing a 14% decline over the past week.

XRP Price
XRP Price, Source: CoinGecko

Despite the grim reality, multiple analysts remain optimistic about XRP, expecting a short-term resurgence. X user EGRAG CRYPTO suggested that the pullback might be soon followed by “a liquidity grab.” Path A includes a relief bounce, a second sweep, and finally expansion, whereas Path B would result in an astronomical price increase (which seems unlikely at the moment).

Meanwhile, an anonymous large investor on Hyperliquid opened a multi-million dollar position with 20x leverage on XRP. Some believe whales have inside information and trade certain assets because they are certain in their success. Even if this is just a speculation, such actions may trigger additional interest from smaller players who can inject fresh capital into the ecosystem, thereby positively impacting XRP’s price.

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Fed To Inject $8.3 Billion In Liquidity Today

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The Federal Reserve is planning a liquidity injection through bill purchases starting tomorrow, which will increase the money supply and often boost risk assets. The US Fed is set to add $8.3 billion in capital to support economic stability.

While short-term effects may vary, the decision to add liquidity is widely seen as super bullish in the long term, especially for risk assets like crypto and tech stocks.

Such a significant injection by the FED is also a signal that the central bank is committed to supporting financial markets amid ongoing global uncertainties. For crypto investors, this often translates into increased confidence and stronger price action over time.

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Data also shows that the Fed will add $53.3 billion in liquidity by February 12 via bond reinvestments and reserve buys.

More liquidity can translate to calmer credit markets, lower pressure on short-term interest rates, and a supportive backdrop for both equities and bonds.

More Liquidity Good For Crypto

When the FED adds money into the system, it increases market liquidity, reduces borrowing costs, and encourages risk-taking among investors. This has historically led to higher equity and crypto prices, greater demand for scarce assets like Bitcoin, and stronger overall investor sentiment.

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Crypto most thrives in high-liquidity environments, which may push the market towards a rally as capital trickles down from traditional finance.

Despite hopes of renewed momentum from shifts in the macroeconomic environment, the crypto market is currently in a sustained decline. In the last 24 hours, the crypto market has lost more than $50 million, dropping to a market capitalization of around $3.17 trillion as BTC plunged below $91,000.

This drop has resulted in massive liquidations in the market, totaling over $2 billion in the last 2 days and about $260 million in the last 24 hours, according to Coinglass data. 

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Amazon (AMZN) Stock: AWS Announces Major Cloud Partnership Before Q4 Earnings

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TLDR

  • AWS secures multi-year cloud and AI partnership with Prosus NV valued at hundreds of millions of dollars
  • Deal consolidates Prosus cloud operations on AWS infrastructure with expected double-digit cost reductions
  • Amazon reports Q4 2025 earnings Thursday with analysts forecasting $1.97 EPS and $211.44 billion revenue
  • Partnership demonstrates ongoing enterprise demand for AI-enabled cloud services despite cautious spending
  • Amazon stock trades at $238 with analyst price targets suggesting 25% upside potential

Amazon Web Services has locked in a substantial cloud and AI contract with Prosus NV just one day before the company releases its fourth-quarter results. The deal marks another win for AWS in the competitive enterprise cloud market.


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Prosus Head of Ecosystem Igor Cardoso confirmed the three-year agreement runs into hundreds of millions of dollars. He stopped short of disclosing the precise contract value in his Bloomberg interview.

The partnership will see Prosus migrate its entire cloud and AI workload to AWS infrastructure. Multiple AWS data centers across different regions will support the consolidated operations.

Cost Efficiency Drives Enterprise Cloud Adoption

Prosus expects to slash costs by double digits through the AWS migration. The savings stem from standardizing operations on a single cloud platform rather than managing multiple vendor relationships.

This approach reflects broader enterprise trends. Companies continue investing in cloud technology when it delivers clear financial benefits and operational improvements.

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For Amazon, the agreement adds meaningful contracted revenue to its AWS backlog. These long-term commitments provide stability even when quarterly spending patterns fluctuate.

The deal also validates ongoing demand for AI-integrated cloud services. Enterprises remain willing to commit substantial resources to AI infrastructure that produces measurable results.

Amazon faces Wall Street on Thursday, February 5, with its Q4 fiscal 2025 earnings report. Analysts project adjusted earnings per share will reach $1.97 compared to $1.86 in the prior-year period.

Revenue forecasts point to $211.44 billion for the quarter. That represents 12.6% growth year-over-year.

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AWS Backlog Reflects Strong Customer Pipeline

Amazon’s contracted cloud revenue continues expanding according to company metrics. The growing backlog shows customers making multi-year commitments to AWS services.

These extended agreements reduce earnings volatility and improve revenue predictability. They also signal customer confidence in AWS as a strategic technology provider.

Prosus will collaborate directly with AWS technical teams to scale AI capabilities across its portfolio. The standardized infrastructure should accelerate deployment timelines while controlling expenses.

The announcement timing highlights AWS competitive strength entering the earnings release. It provides tangible proof of enterprise demand before management discusses quarterly performance.

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Amazon shares have dropped 1.4% over the trailing twelve months. The stock currently sits at $238, well below analyst consensus targets.

TipRanks data shows 35 Buy ratings and one Hold rating for Amazon stock. The average analyst price target stands at $298.53, implying 25.1% upside from current trading levels.

The Prosus contract covers cloud infrastructure, AI workloads, and technical collaboration. Both companies expect the partnership to deliver enhanced efficiency through consolidated operations.

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Intelligent Document Processing for Supply Chain Visibility & Automation

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Supply chain visibility has emerged as one of the most critical priorities for enterprises operating in an increasingly complex and interconnected global economy. Organizations today manage multi-country supplier networks, volatile demand patterns, regulatory pressures, and heightened customer expectations for speed and transparency. Despite significant investments in digital platforms, many supply chain leaders still struggle with delayed insights, fragmented data, and limited operational clarity.

One of the most persistent and underestimated contributors to this challenge is document dependency. Every supply chain process, procurement, logistics, inventory management, finance, and compliance, relies heavily on documents such as purchase orders, invoices, shipping notices, bills of lading, packing lists, and regulatory certificates. These documents contain essential operational intelligence, yet much of this information remains trapped in unstructured or semi-structured formats. This is where Intelligent Document Processing Solutions are playing a transformative role. By enabling intelligent document processing for supply chain operations, organizations can eliminate visibility gaps, accelerate decision-making, and build resilient, data-driven supply chains.

The Root Causes of Visibility Gaps in Supply Chain Operations

1. Heavy Reliance on Manual Document Handling

Many supply chain processes still depend on manual document review, data entry, and validation. This approach introduces delays, errors, and inconsistencies that prevent real-time visibility. Even small discrepancies in invoices or shipping documents can cascade into payment delays, shipment holds, or compliance violations.

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2. Fragmented Information Across Systems

Documents originate from multiple internal departments, suppliers, logistics partners, and regulatory authorities. Without enterprise document automation, data is often siloed across emails, shared drives, portals, and legacy systems, making it difficult to establish a single source of truth.

3. Delayed Data Availability

In many organizations, document data is entered into ERP or supply chain systems only after physical events have already occurred. This reactive data flow undermines forecasting, planning, and proactive risk mitigation.

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These challenges highlight why traditional automation approaches are insufficient and why AI solutions for supply chain management are becoming essential.

Get a Custom IDP Solution for Your Supply Chain

What is Intelligent Document Processing in the Supply Chain Context?

Intelligent Document Processing Solutions use artificial intelligence technologies, including machine learning, natural language processing, and advanced optical character recognition, to automatically ingest, classify, extract, validate, and integrate data from supply chain documents. Unlike traditional OCR or rule-based systems, intelligent document processing for supply chain operations understands context rather than relying on fixed templates. It adapts to variations in document formats, learns from historical data, and continuously improves accuracy over time.

By embedding intelligence directly into document workflows, organizations can convert document-driven processes into real-time, automated data pipelines that enhance end-to-end visibility.

How Intelligent Document Processing Fixes Visibility Gaps Across the Supply Chain

Now that the visibility challenges and enabling technology are clear, it is important to understand how intelligent document processing delivers tangible improvements across supply chain operations.

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1. Automating High-Volume Document Ingestion

Supply chains generate thousands, often millions of documents annually. Document automation in supply chain environments enables organizations to automatically ingest documents from emails, portals, scanners, APIs, and partner systems.

AI-driven classification models instantly identify document types and route them into the appropriate workflows. This eliminates manual sorting, reduces processing backlogs, and ensures uninterrupted data flow across the supply chain.

2. Context-Aware Data Extraction Across Supplier Ecosystems

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Modern Intelligent Document Processing Solutions extract data based on semantic understanding rather than static rules. This capability is critical in global supply chains where document formats vary widely across suppliers, regions, and regulatory environments.

AI models can accurately identify invoice values, shipment dates, quantities, and compliance attributes even when layouts differ significantly. This ensures consistent, structured data capture across diverse document sources, an essential foundation for scalable supply chain automation.

3. Real-Time Integration with Enterprise Platforms

Visibility is only valuable when data is immediately actionable. Enterprise document automation integrates extracted document data directly into ERP systems, transportation management systems (TMS), warehouse management systems (WMS), and other core supply chain platforms.

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This real-time integration enables:

  • Accurate, up-to-date inventory visibility
  • Live shipment and delivery status tracking
  • Faster order and invoice reconciliation
  • Immediate financial and operational reporting

As a result, decision-makers gain a unified, real-time view of supply chain performance across functions and geographies.

4. Reducing Operational, Financial, and Compliance Risk

Manual document processing remains one of the leading sources of supply chain risk. Errors in customs forms, invoices, or shipping documentation can trigger regulatory penalties, shipment delays, and reputational damage.

By embedding validation rules, confidence scoring, and anomaly detection, AI in supply chain operations identifies discrepancies early in the process. This proactive risk management approach reduces downstream disruptions, strengthens compliance posture, and improves overall operational resilience.

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5. Improving Financial Transparency and Supplier Collaboration

Financial workflows are deeply interconnected with supply chain execution. Document automation in supply chain operations accelerates invoice processing, improves three-way matching accuracy, and shortens dispute resolution cycles.

These capabilities enhance cash flow visibility, reduce working capital constraints, and strengthen supplier trust, which are critical factors for maintaining stable and resilient supplier relationships in volatile markets.

The Strategic Role of AI in Supply Chain Operations

Beyond automation, AI solutions for supply chain management enable organizations to transform document data into predictive and prescriptive intelligence. Once document information is structured and standardized, it becomes a high-quality input for advanced analytics and AI models.

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For example:

  • Predictive analytics can identify potential shipment delays before they occur
  • AI models can detect recurring compliance risks or supplier performance issues
  • Automated workflows can trigger corrective actions when anomalies are detected

In this way, AI in supply chain operations shifts enterprises from reactive problem resolution to proactive and preventive supply chain management.

Industry Trends Accelerating Intelligent Document Processing Adoption

Several macro-level trends are driving the rapid adoption of Intelligent Document Processing Solutions across supply chain-intensive industries:

  • Increasing Supply Chain Complexity

Global sourcing, regulatory diversity, and geopolitical uncertainty are amplifying the need for real-time visibility and automated compliance management.

  • Shift Toward Autonomous Operations

Organizations are moving beyond basic automation toward intelligent, self-optimizing supply chains powered by AI-driven decision-making.

  • Convergence of IDP, RPA, and Analytics

The integration of document intelligence with robotic process automation and advanced analytics enables straight-through processing across supply chain workflows.

  • Demand for Scalable, Low-Code Platforms

Modern enterprise document automation solutions are designed for rapid deployment and scalability, reducing implementation complexity and dependency on IT-heavy customization.

Together, these trends position supply chain automation as a strategic capability rather than a tactical efficiency initiative.

Measurable Business Outcomes of Intelligent Document Processing

Organizations that adopt intelligent document processing for supply chain operations consistently achieve measurable outcomes, including:

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  • Significant reduction in document processing cycle times
  • Improved accuracy of inventory, shipment, and financial data
  • Lower operational and compliance risk
  • Enhanced customer service and fulfillment performance
  • Greater confidence in data-driven planning and execution

These outcomes directly address the visibility limitations that constrain supply chain performance and growth.

Develop AI-Driven Document Automation for Supply Chains

Why Intelligent Document Processing is a High-Value Enterprise Investment

From a strategic perspective, Intelligent Document Processing Solutions deliver value across the enterprise:

  • Operations leaders gain transparency and execution control
  • Finance teams achieve faster reconciliation and improved cash flow predictability
  • IT teams deploy scalable, secure, AI-driven automation
  • Compliance teams maintain audit-ready, traceable documentation

This cross-functional impact makes AI solutions for supply chain management one of the most compelling enterprise investments in today’s digital transformation landscape.

Building Transparent and Resilient Supply Chains

Supply chain visibility challenges are no longer caused by a lack of data, but by the inability to process document-driven information at speed and scale. Intelligent Document Processing Solutions address this challenge by transforming documents into real-time intelligence that powers connected, responsive, and resilient supply chains. By embracing enterprise document automation and AI in supply chain operations, organizations can move from fragmented workflows to unified, insight-driven supply chain management.

Antier enables enterprises to deploy advanced intelligent document processing solutions that unlock end-to-end supply chain visibility and operational intelligence. With deep expertise in AI-driven transformation, Antier helps organizations build scalable, future-ready supply chain ecosystems.

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Flare Launches New Lending Markets with Morpho

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Flare Launches New Lending Markets with Morpho


Besides launching the first-ever modular markets for XRP, the latest development introduces modular lending to the Flare ecosystem.

The decentralized finance (DeFi) blockchain network, Flare, has unveiled first-of-its-kind modular lending markets for XRP, introducing permissionless lending for the cryptocurrency.

According to a press release shared with CryptoPotato, the deployment features a partnership with the modular lending protocol, Morpho. Additionally, Flare is also joining forces with Mystic, a platform for curating lending markets across the Ethereum Virtual Machine (EVM) ecosystem. With Morpho leading the integration of modular XRP lending markets on Flare, Mystic will serve as the front-end interface for Morpho on Flare.

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Modular Lending Markets For XRP

Modular lending breaks down traditional, all-in-one crypto lending pools into isolated and customizable components. The architecture allows users to create tailored markets with specific oracle feeds and risk parameters, rather than having a single pool dictate risk for all involved assets. Such an approach enhances efficiency and security for users’ funds, given the volatile nature of the crypto market.

Besides launching the first-ever modular markets for XRP, the latest development introduces modular lending to the Flare ecosystem. The move marks a huge step forward in the network’s vision for XRP DeFi (XRPFi), which is transforming the crypto asset from a dormant one into a proactive source of yield and a composable strategy.

Flare has made it its mission to expand DeFi capabilities for XRP, as seen in yield tokenization via Spectra, spot trading through Hyperliquid, and staking via Firelight. In addition, Flare has launched its version of XRP, named FXRP, unlocking yield-generating opportunities for the digital asset.

With the addition of Morpho and Mystic to the framework, Flare has implemented an expansion that enables lending and borrowing use cases that retain XRP on its native blockchain while unlocking on-chain utility.

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Expanding the XRPFi Ecosystem

Following the latest integration on Flare, FXRP can now deposit their assets into curated yield-bearing vaults, using FXRP (or other assets like Flare (FLR) and USDT0) as collateral to borrow supported assets. They can also integrate lending positions into structured strategies, gaining access to capabilities that enable capital to loop across staking, lending, and borrowing within a single ecosystem.

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“Each market supports a single collateral and loan asset, with parameters such as loan-to-value ratios set at creation. Markets can be launched permissionlessly, while curated vaults allocate capital across selected markets based on defined risk and yield objectives,” Flare explained.

While Mystic serves as the primary access point for now, Flare intends to unveil additional interfaces, such as the Morpho main app, over time.

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Michael Burry Warns Bitcoin Treasury Firms Face Existential Risk as BTC Slide Deepens

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Michael Burry Warns Bitcoin Treasury Firms Face Existential Risk as BTC Slide Deepens


Burry says Bitcoin is behaving like a speculative trade, and not a hedge, which raises risks for companies holding massive BTC reserves.

Bitcoin’s (BTC) slide below $80,000 has intensified worries that a wider downturn in the broader crypto sector could be imminent.

Market experts believe that the recent slide in BTC’s price may not be an isolated correction, but a development that could seriously destabilize corporate balance sheets and magnify systemic risk if it continues to fall.

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Major Market Casualty

Michael Burry has issued a stark warning that Bitcoin’s continued decline could erase significant value across the market, and the greatest risk is concentrated among companies that have built large corporate treasuries around the asset, which have mushroomed over the years.

In the latest Substack post following the latest crypto sell-off, “The Big Short” investor, Burry, said BTC’s drop below important technical levels opens the door to cascading stress not only within crypto markets but also across adjacent financial sectors.

He said that the world’s largest crypto asset is failing to meet a critical expectation often placed on it, that is, acting as a hedge against currency debasement. Instead, Burry said its recent behavior more closely resembles that of a speculative risk asset, particularly given its correlation with the S&P 500. He said gold and silver rallied on geopolitical uncertainty and dollar weakness, but Bitcoin did not follow those macro signals.

Burry also predicted that further downside could have severe consequences for Bitcoin treasury companies that accumulated BTC aggressively during higher price ranges. He highlighted the possibility that another 10% decline could leave major holders such as Michael Saylor’s Strategy billions of dollars underwater, and potentially cut them off from capital markets, thereby increasing bankruptcy risk.

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Such outcomes, according to the investor, could amplify losses beyond individual firms and contribute to broader market fallout. Burry additionally noted that Bitcoin’s weakness has coincided with recent pressure in precious metals.

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Galaxy Digital’s Zac Prince also questioned the long-term viability of Bitcoin treasury companies, which raise capital to hold BTC on their balance sheets while promising yield. Speaking on TheStreet Roundtable, Prince said these models rely on risky financial engineering rather than BTC’s native value. He compared them to past schemes that created tokens to generate Bitcoin and said that paying a premium for such structures does not make them sustainable.

He even explained that while some firms might pivot to revenue-generating activities, many will still struggle to justify their valuations, and added that businesses should focus on real operations first and treat BTC as a treasury strategy, not the primary driver.

Optimism Wanes

Bitcoin has been under tremendous pressure, and many analysts believe that there could be more pain ahead instead of a much-anticipated recovery.

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Former Binance CEO Changpeng “CZ” Zhao also said that while he had been positive about a BTC super cycle just weeks ago, current market sentiment has made him less confident. Speaking on Binance’s social platform, he highlighted the rise of fear, uncertainty, and doubt (FUD) in the community and admitted that the emotional intensity has left him uncertain about BTC’s near-term prospects.

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BTC’s thinnest price zone between $70,000 and $80,000

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BTC’s thinnest price zone between $70,000 and $80,000

Since the weekend’s slump, the bitcoin price has been constrained between $70,000 and $79,999 for five straight days. That’s a remarkably long time for a range in which the largest cryptocurrency has spent a relatively short span of time.

In fact, bitcoin has spent about 35 days within that $10,000 bucket. Compared with other increments, it’s one of the least developed, underscoring how quickly the price has tended to move through rather than build sustained support or resistance.

The longer the price spends in a given range, the more opportunity there has been for positions to be built, which can later translate into stronger support. What this means is the price is more likely to consolidate in this range or, potentially, make another move toward the lower end near before establishing a more durable base.

During the tariff driven volatility last April, bitcoin held below $80,000 for just a few weeks before rebounding. Similarly, when it reached a then all-time high near $73,000 in March 2024, it spent only a short period at those levels before declining.

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Perhaps the clearest example of how quickly bitcoin has moved through this range occurred in November 2024 following Donald Trump’s presidential election victory. The price accelerated from roughly $68,000 to $100,000 in a matter of weeks, leaving little opportunity for consolidation between $70,000 and $80,000.

It’s notable that Strategy (MSTR), the largest corporate holder of bitcoin, has only once bought bitcoin within this range. On Nov. 11, 2024, the company purchased 27,200 BTC for approximately $2 billion at an average price of $74,463.

Consider a chart that shows the prices at which bitcoin last moved within a specific price bucket. Each column represents the amount of bitcoin transferred at that price.

The data clearly shows a lack of supply between $70,000 and $80,000, suggesting that this zone remains structurally thin.

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Major Bank Expects Solana to Outperform Bitcoin: When and How?

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Solana (SOL) Price Performance

Standard Chartered is urging investors to look through near-term volatility in digital assets and focus on what it calls “quality” blockchain projects.

The remark comes as the recent selloff reshapes relative value across the crypto market.

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Standard Chartered Backs Ethereum and Solana for Long-Term Outperformance Despite Near-Term Volatility

Geoff Kendrick, the bank’s Head of FX and Digital Assets Research, said he is actively accumulating during the downturn. According to the analyst, the pullback is a defining moment for long-term positioning.

“I am a buyer of this dip in digital assets,” Kendrick told BeInCrypto in an email. “What’s more, I think this is the start of greater differentiation in digital asset performance, whereby quality projects win.”

Within that framework, Standard Chartered continues to favor Ethereum and Solana as its top layer-1 exposures. Kendrick reiterated that view explicitly, adding:

“I have previously highlighted my view that Ethereum is one such quality project. And here I do the same for Solana. Buy quality.”

Recently, Standard Chartered said it saw Ethereum outperforming Bitcoin, citing DeFi dominance, scalability upgrades, and regulatory clarity.

The bank, however, has tempered its near-term expectations for Solana. Standard Chartered lowered its end-2026 price forecast for SOL to $250 from $310. On this, they cite the time required for the network’s next major use case to mature.

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“We lower our end-2026 price forecast to USD 250, as Solana’s next dominant use case may take time,” Kendrick said.

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Despite that cut, the bank raised its longer-dated projections, arguing that Solana’s structural advantages remain intact.

Solana (SOL) Price Performance
Solana (SOL) Price Performance. Source: TradingView

Solana’s Shift from Meme Coins to Micropayments Could Drive Long-Term Outperformance

According to Standard Chartered, Solana’s ultra-low-cost, high-throughput architecture positions it to eventually dominate micropayments. This, Kendrick says, is particularly true as AI-driven applications and stablecoin-based transactions gain traction.

“We raise our forecasts thereafter, as we see Solana eventually dominating the micropayments space,” Kendrick noted.

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If that thesis plays out, the bank expects SOL to outperform Bitcoin between 2027 and 2030, while only gradually catching up to Ethereum as the ecosystem scales.

The report highlights a subtle but important shift underway on Solana’s decentralized exchanges. While the network has long been associated with meme coin activity, flows are increasingly rotating toward SOL-stablecoin trading pairs.

These stablecoins, Standard Chartered notes, are turning over two to three times faster than their Ethereum counterparts.

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That evolution could help Solana shed its “meme coin discount,” which previously weighed on valuation and deterred TradFi participants.

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Analysts Back Standard Chartered’s Quality Wins Narrative

Market commentators broadly echoed the bank’s “quality wins” narrative. Investor Mike Alfred described the drawdown as a textbook risk-off move.

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“…this is a run-of-the-mill risk-off move where the lowest quality goes down the hardest, and then everything bounces… This is when real money is made,” wrote Alfred, referencing the recent market drop.

Developer and investor Mike Ippolito struck a similar tone, arguing that sentiment has swung too far in the negative direction.

“I think people are far too bearish ETH and SOL today,” he said, calling layer-1 blockchains “the Amazon or Google of our time” due to their global markets, high barriers to entry, and fee-generating potential.

Standard Chartered expects Solana to underperform Ethereum through 2026 and into 2027. But beyond that window, the bank sees a catch-up phase driven by scale, utility, and cost advantages.

In Kendrick’s view, the current volatility is less a warning sign than a sorting mechanism, one that may ultimately reward investors willing to buy quality while the market is still unsettled.

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TRM Labs hits unicorn status in $70 million raise as crypto crime-fighting needs grow

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TRM Labs hits unicorn status in $70 million raise as crypto crime-fighting needs grow

TRM Labs, a blockchain analytics startup used by global law enforcement and financial firms, has raised $70 million in a new funding round that pushed its valuation to $1 billion.

The Series C round, Fortune reports, was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The firm, according to data from TheTie, had raised nearly $150 million to date, having seen another $70 million fundraise back in 2023, along with other smaller fundraising rounds. That brings the total raised to $220 million.

The firm’s software helps trace cryptocurrency transactions across multiple blockchains, a service increasingly in demand as crypto crime grows more complex.

TRM counts several major government agencies, including the IRS and FBI, among its clients, as well as major banks. It was an early mover in tracking not just bitcoin but various other cryptocurrencies, a decision that set it apart from competitors. That edge has become more valuable as criminal networks diversify their use of tokens and platforms.

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TRM’s global investigations team includes former federal agents, including veterans of cases that include the takedown of dark web marketplaces.

The company foresees growth in the future, given the rising sophistication of threats in the cryptocurrency space. Per Ari Redbord, TRM’s global head of policy, the company saw a 500% increase in “AI-enabled use in scams and fraud.”

TRM has also partnered with leading blockchain projects like Tron and Tether to expand its intelligence. That partnership created the T3 Financial Crime Unit task force, and has frozen more than $300 million in tainted assets.

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An NFT Investor Allegedly Lost Punks NFTs Worth +$1M In A Hack

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Hackers and scammers are incredibly persistent, constantly evolving tactics to exploit human trust and crypto system vulnerabilities for financial gain, using sophisticated methods like phishing, AI, and automated attacks. In the latest attack, hackers have allegedly hacked the accounts of non-fungible token investor “yfimax.eth” and walked away with his eight CryptoPunks NFTs.

Yfimax.eth Reportedly Lost $1M In A Hack

Data compiled by Cryptopunks.app shows that eight cryptopunks non-fungible token series have sold for 27.5 ETH each. CryptoPunks.app is an online tool or platform that monitors the market for the iconic CryptoPunks NFT collection, providing real-time data on floor prices, sales volume, rarity, and individual Punk details, with popular trackers found on sites like Forbes, CoinGecko, and CryptoSlam, helping users track ownership and market trends for these pioneering digital collectibles.

The recent sale of the eight CryptoPunks NFT collections has sparked massive speculation among traders and collectors. Some of the traders on X (formerly Twitter) have described the sale as a hack, since all Punk NFTs were sold for 27.5 ETH, which fell below the current floor price of 29 ETH. If they were all sold at the floor price of 29 ETH, that’s a total of 232 ETH (USD $742,200) loss. Nonetheless, others have opined that Yfimax.eth may have grown tired of the NFT market and decided to sell them.

Launched in 2017, CryptoPunks is a globally acknowledged non-fungible token series previously from the digital asset firm ‘Larva Labs’ but now managed by the non-profit organization, Infinite Node Foundation. The iconic NFT collection, Punks, has a fixed supply of 10,000 pixilated NFTs hosted on the Ethereum blockchain. CryptoPunks is one of the leading NFT series in the global NFT market.

Thorough Investigation Ongoing Right Now

At the time of publishing, a thorough investigation into the eight CryptoPunks NFTs sold earlier today is ongoing. In response to the recent suspicious sales, the CryptoPunks NFT collection has climbed to the top, with trading volume of +$1.3 million in the past 24 hours. The global NFT market has jumped by 28% today to $8 million, while Ethereum NFT sales have risen by 66% to $4.4 million.

PunksPunks

Source: CryptoSlam.io

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Gold, Silver Rally to ATH But Ethereum Slips Below $3,100

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Ethereum and the broader cryptocurrency market declined over the past 24 hours as escalating geopolitical tensions between the US and European Union fueled risk aversion among investors.

Meanwhile, traditional safe-haven assets rallied sharply, with gold surging to fresh record highs and silver also touching new peaks amid flight-to-quality flows triggered by President Trump’s renewed tariff threats against several European nations over the Greenland dispute.

Spot gold climbed 1.1% to around $4,725 per ounce as of early trading on January 20, approaching its all-time high near $4,795 set late last year, according to market data.

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The metal has extended its relentless bull run into 2026, bolstered by safe-haven demand as investors brace for potential transatlantic trade disruptions.

The silver price also advanced by nearly 1% to hit a new record high of $95.3/oz.

ETH price was trading at $3,095 as of 4:29 a.m. EST after a 3.6% drop in the last day, as the crypto market also dropped over 2% to a $3.15 trillion market capitalization, according to Coingecko data.

Crypto Market Rattled As Trump Tariffs Dent Risk

During the weekend, Trump threatened that he would impose import tariffs of up to 25% on several major European nations, including Denmark, France, and the US, until they reached a deal to hand over Greenland to Washington.

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The US president’s demands were widely rejected by European leaders, with France seen preparing retaliatory economic measures against the United States.

The exchange between the two regions has sparked deep losses across global risk-driven markets, on concerns over a potential dissolution of NATO, as Trump plans direct steps to get Greenland.

To add to the tensions, Trump has said that he will impose a 200% tariff on French wines and champagnes, as he wants French President Emmanuel Macron to join his Board of Peace Initiative aimed at resolving global conflicts.

“I’ll put a 200% tariff on his wines ​and champagnes, and he’ll join, but he ​doesn’t have to join,” Trump said.

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This sent jitters in the crypto space, with total liquidations coming in at $361 million, $124 million being from Ethereum longs alone.

Ethereum LongsEthereum Longs

Moreover, the crypto Fear & Greed Index remains in the fear zone after several weeks of extreme fear, which shows that investor sentiment has softened but is still cautious, and the market may be undervalued.

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crypto Fear & Greed Indexcrypto Fear & Greed Index

Ethereum Price Analysis: The Drop Is A Warning Sign

Ethereum’s price is currently trading around the $3,050–$3,150 range, attempting to stabilize after a sharp decline. While buyers are defending the $3,000 psychological support, the overall price action suggests caution rather than strength.

The recent move lower followed a strong rejection from the $3,600–$3,700 region, where Ethereum failed to hold above the 50-day Simple Moving Average (SMA).

This barrier triggered sustained pressure from the bears, sending the price down toward the $2,750–$2,800 demand zone, a historically important support area aligned with the 0.786 Fibonacci retracement.

Ethereum is currently trading near the 50-day SMA ($3,090), which is acting as short-term support. However, the price remains decisively below the 200-day SMA near $3,660, which continues to act as a major overhead resistance.

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Momentum indicators also reflect this caution. The Relative Strength Index (RSI) is hovering around 45, below the neutral 50 level. This suggests that bearish momentum has eased, but bullish momentum has not yet returned.

ETH/USD Chart Analysis Source: TradingViewETH/USD Chart Analysis Source: TradingView
ETH/USD Chart Analysis Source: TradingView

ETH Price Prediction: $2,600 Level In Sight

Failure to hold $3,000 would increase the risk of another pullback toward $2,800–$2,750 near the 0.786 Fibonacci level. A breakdown below this demand zone would expose the $2,620 cycle low, which still acts as a critical level for the bulls to defend.

Conversely, it may attempt another push toward the $3,350 resistance zone, an area that has repeatedly capped and barred any upside moves.

A breakout above this range could open the door for a retest of $3,660 on the 200-day SMA level.

For Ethereum to realistically re-enter a bullish structure and target the $4,000 region, it would need a sustained trend reversal, starting with a decisive close above the 200-day SMA.

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  • Get Early Access to Upcoming Token ICOs
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  • Now On App Store, Google Play
  • Stake To Earn Native Token $BEST
  • 250,000+ Monthly Active Users

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