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Bitcoin ETF inflows cool off as BTC slips back to $102k

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Bitcoin ETF inflows cool off as BTC slips back to $102k

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown on Jan. 22 as BTC retraced back to around $102k.

According to data from SoSoValue, inflows into spot Bitcoin ETFs dropped by 69% from the previous day, reaching $248.65 million on Wednesday. The entire inflows recorded on the day came from BlackRock’s IBIT which drew in $344.28 million from investors.

Grayscale’s GBTC recorded outflows of $47.93 million, while Bitwise’s BITB and ARK 21Shares’ ARKB added to the negative momentum, with investors withdrawing $34.67 million and $13.02 million from the funds, respectively.

The remaining BTC ETFs stood still on the day. Despite the dip in inflows, the spot Bitcoin funds extended their streak of inflows to four consecutive days, accumulating over $3.5 billion during this period.

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Total trading volume for these investment products stood at $2.97 billion on the day while the cumulative total net inflows since launch day stood at $39.23 billion.

Notably, the slowdown in inflows into the investment products came along with Bitcoin (BTC) dipping 3% over the last 24 hours, exchanging hands at nearly $102k at press time.

Kadan Stadelmann, CTO of Komodo Platform, previously told crypto.news that Trump’s early days in office could become a “sell the news” event. He noted that initial optimism in the crypto markets following Donald Trump’s election might fade, as anticipated policy changes were likely already priced in before he assumed office.

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Meanwhile, following his inauguration, President Trump’s newly appointed interim SEC chair, Mark Uyeda, took swift action by launching a crypto task force on Tuesday. The task force led by Commissioner Hester Peirce aims to establish a comprehensive and clear regulatory framework for crypto assets.

Commenting on this development’s impact, Matt Mena, Crypto Research Strategist at 21Shares, told crypto.news that the newly established crypto task force, led by Commissioner Hester Peirce, could pave the way for the approval of a wider variety of crypto ETFs, including those linked to SOL, XRP, LTC, DOT, and DOGE.

Mena noted that the task force aims to “promote structured disclosure frameworks, practical registration paths, and enhanced regulator-industry engagement,” which could streamline the approval process for these crypto ETFs while creating a clearer path for broader crypto adoption.

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The Next Bridge.xyz? BlindPay’s CEO Wants to Revolutionize Global Payments

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BlindPay CEO Bernardo Simonassi Moura

With payment firm Stripe’s recent $1.1 billion acquisition of stablecoin platform Bridge.xyz sending shockwaves through the crypto payments sphere, attention is turning to the next generation of stablecoin payment infrastructure providers.

Among them is BlindPay, a 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company that’s taking a distinct approach to the challenge of global payments (if you’d like to apply for the EasyA Hackathon at Consensus Hong Kong 2025, please go here).

While Bridge.xyz captured the U.S. and European markets with its enterprise-focused strategy, BlindPay is betting on emerging markets — particularly those in Latin America — as the key to widespread stablecoin adoption. This focus comes at a time when a16z crypto predicts increasing enterprise acceptance of stablecoins for payments, calling them “the cheapest way to send a dollar.”

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“What differentiates us from Bridge is our focus on emerging markets,” says Bernardo Simonassi Moura, BlindPay’s 26-year-old CEO. “We already operate in Argentina, Mexico, Colombia and Brazil, and we have our compliance and regulations in place to onboard customers in those regions.”

This series is brought to you by Consensus Hong Kong. Come and experience the most influential event in Web3 and Digital Assets, Feb.18-20. Register today and save 15% with the code CoinDesk15.

Unlike Bridge’s enterprise-centric model that relies on monthly commitment fees, BlindPay takes what Moura calls a “Shopify approach” of trying to democratize access to global payment rails for small and medium-sized businesses via a transaction-fee model. This strategy aligns with a16z’s prediction that small and medium-sized businesses will be among the first to embrace stablecoin payments in order to avoid the hefty transaction fees levied by traditional finance companies.

Since its launch in July, the approach has proven highly effective, with BlindPay securing 19 customers across gaming, payments, and DAOs, including notable names such as LootRush in gaming and Hifibridge and WalaPay in payments. Monthly payment volumes have grown from $30,000 at launch to over $300,000 recently, and Moura expects that figure to grow to $2.5 million by the addition of new customers.

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BlindPay’s competitive advantage lies in its deep integration with Latin American markets, particularly Brazil, where crypto adoption ranks top ten globally, according to Chainlysis. In addition, Moura is focusing heavily on developer experience, drawing on his seven years of experience as a software engineer and product designer. “I always strive to bring the seamless and intuitive developer experience that platforms like Resend, Stripe, Ankey, SVX, and Clerk offer to the Web3 space,” he says.

The market opportunity

BlindPay’s potential market is substantial. The cross-border payment industry, currently dominated by SWIFT, processes approximately $33 trillion annually. Stablecoins, which moved $8.5 trillion in 2024, offer a compelling alternative. “If I want to send money from Brazil to Argentina using stablecoins, it takes 30 seconds, while SWIFT takes five business days,” Moura points out.

Looking ahead, BlindPay’s ambitions extend beyond stablecoin integrations. “We have a long-term strategy of leveraging our team’s fintech experience to launch banking-as-a-service features powered by stablecoins,” Moura says. To that end, the company plans to connect with card networks, enable stablecoin spending through card issuance and facilitate buying tokenized stocks from regulated regions.

With its four co-founders bringing experience from traditional fintech — including Silicon Valley’s Lending Club and Brazilian fintech unicorns — BlindPay is well positioned to bridge the gap between traditional finance and crypto-native solutions. As the stablecoin payment landscape evolves, their focus on emerging markets, developer-friendly infrastructure and developing a comprehensive stablecoin-powered banking ecosystem could prove to be a winning strategy in the race to revolutionize global payments.

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XRP Price Prediction: $5 as the Next Key Point—Can Cardano (ADA) and Polygon (POL) Follow Suit, or Will a New Solana MemeCoin Steal the Spotlight?

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XRP Price Prediction: $5 as the Next Key Point—Can Cardano (ADA) and Polygon (POL) Follow Suit, or Will a New Solana MemeCoin Steal the Spotlight?

The crypto market buzzes with excitement as XRP eyes a notable financial milestone. Investors are eager to see if Cardano (ADA) and Polygon (POL) will mirror this potential growth, or if a new Solana-based MemeCoin will capture the market’s attention. With the bull run underway, the unfolding dynamics in the digital currency sphere promise intriguing developments.

Trump’s Victory Fuels Meme Coin Frenzy—Catzilla Ready to Soar

Donald Trump’s electrifying return has reignited the crypto market, and meme coins are leading the charge. While major coins crawl with modest gains, Catzilla ($CATZILLA) is preparing for a seismic leap into the spotlight.

With Trump’s pro-crypto vision to make the U.S. a global crypto powerhouse, the stage is set for a bull run like no other. His victory signals a golden era for meme coins, and Catzilla is positioned as the apex predator in this landscape.

Catzilla isn’t here to play cute games—it’s here to rewrite the rules of DeFi.

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A hero in the battle for financial freedom, Catzilla combines the power of chaos with the heart of a warrior, uniting crypto enthusiasts and meme lovers in its unstoppable fight against outdated systems.

As Trump ignites a new wave of crypto excitement, one question roars louder than ever: Will Catzilla claim its crown as the king of the meme coin jungle?

The Big Cat is ready to fight! Get in early and claim your $CATZILLA before it skyrockets!

The days of fleeting hype like $PNUT or $GOAT are over. Their time has passed. Catzilla, with its bold narrative and ambitious roadmap, is ready to dominate the meme coin market and deliver jaw-dropping gains to those who dare to follow.

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Catzilla roars into action with 700% ROI potential! Starting at just $0.0002 in presale, the price climbs to $0.0016 over 14 explosive stages. Move fast, and you could grab $CATZILLA with an 88% discount—a deal no serious investor can afford to miss.

Catzilla: Claw Your Way to the Top Now

Stage 4/14 is LIVE, and $CATZILLA is currently priced at just $0.0006. Don’t wait—this is your chance to lock in your tokens before the price increases 16.67% to $0.0007 in the next stage.

Missed the first three stages? Don’t worry—we’re still at the beginning of the presale, with 10 more stages to go! But remember, with each stage, the price rises, so the earlier you join, the greater your potential gains.

⚡Catzilla’s presale is live—join the roar and let your wallet grow bigger than ever!⚡

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Earn While You Share: The Catzilla Multi-Level Referral Program

Catzilla isn’t just about investing—it’s about empowering the community. With its multi-level USDT referral program, you can earn rewards just by sharing your referral link. Here’s how it works:

  • 8% of every token purchase made by your direct referrals (Level 😺).

  • 2% of every token purchase made by your referrals’ referrals (Level 😺😺).

  • 1% of every token purchase made by referrals’ referrals’ referrals (Level 😺😺😺).

Simply share your link and start earning passive USDT income while helping others join the Catzilla movement.

Share Your Link and Start Earning Passive USDT Now!

Why Catzilla?

Catzilla is here to roar louder than ever, blending the best of crypto enthusiasts, meme addicts, anime fanatics, and DeFi warriors into one unstoppable force. This electrifying fusion unites communities under a single, power-packed banner. With its bold storytelling, irresistible rewards, and jaw-dropping profit potential, Catzilla isn’t just a token—it’s a movement ready to dominate the market and steal the spotlight. Get ready to be captivated—Catzilla is taking over!

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Catzilla’s presale is live—join the roar and let your wallet grow bigger than ever!

XRP Eyes New Heights as Crypto Bull Run Looms

XRP is showing promising signs, with its current price range between $2.39 and $3.46. The coin has seen a month-on-month increase of over 35%, hinting at positive momentum. Supported by a 6-month surge of around 408%, XRP could be gearing up for another breakthrough. Its nearest resistance is just shy of $4. If it breaks this, it could aim for the second resistance near $5, signaling potential gains of over 40% from the current upper range. Watch the support levels at $1.83 to stay cautious, but the overall trend seems poised for upward movement. The crypto market awaits another bull run, and XRP might lead the charge.

Cardano (ADA) On Verge of Breakout: Bullish Signs Brewing

Cardano is currently navigating a range between $0.86 and $1.15. Despite a recent dip of over 10% in the past week, the cryptocurrency has seen a substantial rise of around 130% in the last six months. This hints at potential for future growth. The nearest resistance at $1.30 suggests a push past it could trigger further gains, potentially reaching the next resistance at $1.59. ADA’s RSI at 40.11 shows it’s neither overbought nor oversold, creating room for upward momentum. Its price sits close to the 10-day moving average, suggesting consolidation before a possible surge. With strong fundamentals, Cardano may be poised for impressive gains in the coming months.

Will POL (ex-MATIC) Ignite a Bull Run Soon?

POL is currently priced between $0.40 and $0.51. It’s navigating a bearish zone, with resistance at $0.56 and support at $0.35. The 10-day simple moving average is below the 100-day one, hinting at a short-term challenge. The relative strength index is under 40, suggesting selling pressure. However, potential for a bounce exists given past 6-month growth of nearly 14%. If momentum changes, POL could target $0.56 and possibly $0.67, offering gains of about 30%. Despite recent declines, POL holds promise if market conditions shift. Keep an eye on support as a break below $0.35 might be concerning.

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Site: Catzilla ($CATZILLA)

Twitter: https://x.com/CatzillaToken

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Elizabeth Warren joins call for probe of Trump over crypto tokens

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Senator Elizabeth Warren said Donald Trump’s memecoin could raise “the specter of uninhibited and untraceable foreign influence over the US president.”

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Arbitrum, Avalanche, and Solana poised for big moves this year

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TRX, SHIB, or CATZILLA: Analyzing the best bet for gains next quarter

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Arbitrum, Avalanche, and Solana are gearing up for significant moves in 2025, with the emerging meme coin Catzilla also joining the ranks.

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The crypto market is showing strong signs of recovery, bringing excitement and optimism among investors. Arbitrum (ARB), Avalanche (AVAX), and Solana (SOL) are catching attention with their potential for significant moves this year. As the market shifts, these cryptocurrencies stand out as intriguing prospects, sparking curiosity about their future paths and encouraging investors to explore their potential.

Catzilla: A new era in meme coins

Catzilla, the ultimate hero in the world of DeFi, is here to take on corrupt systems and promote financial opportunities for all. With a spirit of innovation and community, Catzilla aims to bring together crypto enthusiasts, meme fans, and investors in a collective pursuit of financial growth.

The project is committed to long-term value and growth. While others may offer empty promises, Catzilla seeks to provide substantial potential with a structured presale starting at $0.0002 and progressing to $0.0016 over 14 stages. Early participants are able to grab the CATZILLA token with an 88% discount.

Arbitrum, Avalanche, and Solana poised for big moves this year - 1

The CATZILLA token offers multiple utilities to enhance the crypto experience:

  1. Governance – Participate in shaping Catzilla’s future through community decisions.
  2. Incentives – Earn rewards for engagement and support.
  3. Staking – Hold and stake CATZILLA tokens to potentially earn passive income.

Catzilla aims to create a new environment for those eager to join a collaborative and transformative crypto community. For experienced investors, fans of memes, and those who enjoy combining fun with financial opportunities, Catzilla offers a platform where creativity meets potential.

Interested investors can be part of the CATZILLA movement via presale.

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Arbitrum set for rebound

Arbitrum’s current price floats between $0.68 and $0.83 and has been falling over the last month. But with an RSI at 39.77, the coin is near oversold territory, suggesting a possible price rebound. 

The nearest resistance is just over $0.91, and breaking this could push ARB toward the $1.09 level, marking a potential growth of around 30% from its current range. Although recent months have seen declines, this sets up an interesting opportunity for those expecting a turnaround. Traders are keeping an eye on the support levels, especially $0.5457, as breaking this could signal further price drops.

AVAX eyes breakout

Avalanche is currently trading between $34.71 and $42.01. The coin has been on a declining trend, with a drop of close to 10% in the past week. However, a stronger long-term picture emerges with a 22% uptick over six months. 

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Near-term, AVAX faces its first challenge at the resistance level of $45.75. The coin’s RSI level at 32.78 indicates it might be oversold, suggesting potential for a bounce. If momentum shifts, AVAX could break past the $45 mark and aim for the next significant level at $54.75. However, it should stay above the strong support line at $27.77 to sustain any upward move.

Solana’s path

Solana is battling within a tight price range of $213 to $294. The coin has shown promise with a 28% rise in the past month and over 33% growth in 6 months. Its nearest resistance sits at $320, a challenging but achievable target if momentum continues. 

The current RSI at 38 hints at potential upward movement from an oversold position. However, surpassing the $491 mark requires more steam. Solana’s current price is below its simple moving average, but the recent month’s positive change shows potential for a surge. If Solana can break the $320 barrier, it could see a significant increase, possibly over 40%.

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Conclusion

While Arbitrum, Avalanche, and Solana show promise, their short-term potential is limited. In contrast, Catzilla emerges as the ultimate meme coin hero, offering a remarkable 700% ROI during its presale. With governance features, rewards for loyalty, and staking options, it looks to unite crypto enthusiasts, meme fans, and anime lovers in the quest for financial freedom.

For more information on Catzilla, visit their website, X, or Telegram News.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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XRP Price Dips Back to Support: Consolidation or Breakdown Ahead?

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XRP Price Dips Back to Support: Consolidation or Breakdown Ahead?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

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Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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WazirX Wins Approval From Singapore Court to Repay Users Following $230M Hack

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Singapore, view of Marina Bay with Gardens By The Bay manmade trees in the background (SoleneC1/Pixabay)

Indian cryptocurrency exchange WazirX has won approval from the Singapore High Court to restructure after the $230 million hack last year.

The High Court has allowed WazirX to convene a scheme meeting with users in a “significant step” towards distributing funds lost in the attack and reviving the platform’s operations, the exchange announced via email on Thursday.

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Should the restructuring plan be approved, funds would then be distributed to creditors within 10 business days.

WazirX was hacked by attackers by the North Korean group Lazarus in July, which over 45% of the exchange’s $500 million in holdings stolen. Over the ensuing months, the hackers laundered their ill-gotten gains using privacy-focused crypto mixer Tornado Cash.

The Court has found that there was no evidence of wrongdoing by WazirX in the attack, despite suggestions from some users that WazirX’s parent company Zettai had some involvement.

Read More: More Than Half of Crypto Tokens Debuted in 2024 Were Malicious: Blockaid

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Solana Whales Are Backing CATZILLA for 10,000% Returns—Are You In?

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Solana Whales Are Backing CATZILLA for 10,000% Returns—Are You In?

Massive investors in Solana are turning their attention to a new asset, CATZILLA, which promises impressive gains. With the current market trend showing strong upward momentum, excitement is building over potential skyrocketing returns. This development is catching the eye of many, sparking curiosity about what could be the next big opportunity in the crypto world.

Catzilla: Roaring Into the Meme Coin Arena With Unmatched Profit Potential

In the ever-evolving world of meme coins, new contenders constantly emerge, and Catzilla is positioning itself as an ambitious player. Drawing inspiration from successful tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla aims to blend viral meme culture with significant financial growth. What sets Catzilla apart is its unique storytelling—a giant, Godzilla-like cat wreaking havoc, which taps into the chaotic energy of Japanese kaiju culture. This game-based narrative not only engages gamers but attracts crypto investors looking for the next big thing.

With a fiery combination of anime-inspired chaos and a rebellious mission, Catzilla is rallying crypto enthusiasts and cat lovers, and anime fans to join its movement for a more equitable, decentralized crypto space.

💣Catzilla is Ready to Disrupt the Market! 💣

Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises.

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⚡Unlock Triple Value for Maximum Gains⚡

Catzilla operates on a threefold value proposition: epic gameplay, a unifying mission, and a vibrant community. Players can enjoy a thrilling game experience while earning rewards, all while being part of a growing movement that merges the fun of meme culture with the potential for financial freedom.

🚀 Join the Catzilla Revolution 🚀

Catzilla positions itself as a symbol of resistance against the greed and manipulation often seen in the crypto world. By embracing its bold and monstrous persona, Catzilla seeks to restore the playful, decentralized nature of meme coins while ensuring a fair and transparent ecosystem for its users.

Join the Feline Frenzy! $CATZILLA Is on the Rise—Claim Your Share Today!

Solana: Scalability and Performance in Blockchain

Solana is a blockchain platform that focuses on scalability and speed. It supports decentralized applications (dapps) and competes with others like Ethereum. Solana’s architecture allows for quicker transactions using a system that avoids sharding. This attracts many developers and investors. SOL is the native cryptocurrency of Solana. It is used for transactions, running programs, and as rewards for network participants. The coin is key to the ecosystem’s function, offering access to various projects. Its unique approach makes it attractive, especially for high-activity services. In the current market, Solana’s scalability and potential for hosting innovative products enhance its appeal.

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Conclusion

While coins like SOL may offer less short-term potential, Catzilla stands out as the ultimate meme coin hero aiming to bring financial freedom to everyone. With a remarkable 700% ROI during its presale and triple utility features, it invites crypto enthusiasts to join the fight against crypto villains and achieve new heights together.

Site: Catzilla ($CATZILLA)

Twitter: https://x.com/CatzillaToken

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Jump Trading accuses ex-engineer of stealing IP for rival startup

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Jump Trading has sued a former employee, claiming he stole the crypto firm’s intellectual property to help start a rival blockchain company.

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Lightchain AI crypto presale hits $12m, poised to lead the bull run with XRP and Cardano

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These 4 low-cost cryptos could turn small investments into millions by mid-2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Lightchain AI presale hits $12m, positioning it alongside XRP and Cardano for the next bull run.

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The crypto market is buzzing as Lightchain AI’s presale surpasses the $12 million mark, with its token price now at $0.005625. This impressive milestone highlights the growing confidence in the platform’s innovative blockchain solutions.

Alongside established players like XRP and Cardano, Lightchain AI is positioned to play a leading role in the next bull run, attracting investors seeking transformative growth and technological innovation.

XRP: driving adoption through payment solutions

XRP, developed by Ripple Labs, is increasingly being adopted for its efficient cross-border payment solutions.

The token facilitates near-instantaneous transactions with minimal fees, making it an attractive option for financial institutions and businesses worldwide. Notably, Bank of America has announced plans to utilize XRP exclusively for internal transactions, underscoring its confidence in Ripple’s blockchain technology.

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Additionally, Ripple’s recent approval from the New York Department of Financial Services to launch the RLUSD stablecoin is expected to enhance its digital payment platform, potentially increasing XRP’s value. As of January 21, 2025, XRP is trading at $3.14, reflecting its growing adoption and the broader cryptocurrency market’s upward trend.

Cardano: Leader in blockchain sustainability

Cardano has established itself as a leader in blockchain sustainability through its energy-efficient proof-of-stake (PoS) consensus mechanism, Ouroboros, which significantly reduces energy consumption compared to traditional proof-of-work systems.

A recent assessment by the Crypto Carbon Ratings Institute (CCRI) reported that, as of May 2024, the Cardano network’s annual electricity consumption was approximately 704.91 MWh, resulting in a carbon footprint of 250.73 tCO₂e.

This efficiency aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulations, underscoring Cardano’s commitment to environmental responsibility. Additionally, the Cardano Foundation has partnered with veritree to enhance transparency in reforestation efforts, utilizing blockchain technology to verify and record tree-planting activities, thereby combating greenwashing and supporting global sustainability initiatives.

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Lightchain AI: Merging AI and blockchain for real-world impact

Lightchain AI stands out for its ability to seamlessly integrate artificial intelligence into blockchain technology.

One of its key innovations is the Artificial Intelligence Virtual Machine (AIVM), a computational layer designed to handle AI-specific tasks such as model training, inference, and optimization. This feature empowers developers to create advanced decentralized applications (dApps) that leverage AI for decision-making and problem-solving.

The platform’s emphasis on collaborative ecosystem development fosters innovation by allowing developers to contribute directly to the network. With plans to expand its adoption across industries such as logistics, energy, and beyond, Lightchain AI is creating a versatile framework that appeals to both enterprises and developers.

To learn more about Lightchain AI, visit the website, X, and Telegram.

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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What the Signs Say About Its Next Move

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What the Signs Say About Its Next Move

Este artículo también está disponible en español.

Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term.

  • Ethereum started a fresh increase from the $3,180 support zone.
  • The price is trading above $3,250 and the 100-hourly Simple Moving Average.
  • There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start another increase if it stays above the $3,220 support level.

Ethereum Price Breaks Resistance

Ethereum price started a decent upward move from the $3,180 level, beating Bitcoin. ETH was able to surpass the $3,220 and $3,250 resistance levels.

There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair even surpassed $3,300 and tested $3,350. A high was formed at $3,346 and the price is now moving lower. There was a move below the $3,320 and $3,300 support levels.

The price dipped below the 23.6% Fib retracement level of the upward move from the $3,181 swing low to the $3,346 high. Ethereum price is now trading above $3,250 and the 100-hourly Simple Moving Average.

On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,370 level. The main resistance is now forming near $3,450.

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Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,580 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,260 level. The first major support sits near the $3,220.

A clear move below the $3,220 support might push the price toward the $3,180 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

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Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,250

Major Resistance Level – $3,350

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