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Azuki Airdrops Animecoin, Debuts at $1.2B FDV

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Animecoin, the governance token tied to non-fungible token (NFT) project Azuki, has debuted at a fully diluted value (FDV) of $1.2 billion with tokens trading at $0.12 on HyperLiquid.

The total supply of the token is set at 10 billion, and holders of the Azuki NFT can claim the airdrop.

Users reported that the official airdrop claims website suffered downtime moments after it went live.

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Hackers steal $70m from Phemex in 2025’s largest attack so far

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Access control exploits account for nearly 80% of all crypto hacks in 2024

Singapore-headquartered crypto exchange Phemex is investigating a $70 million hot wallet exploit as hackers continue to siphon funds into Ethereum wallets.

Blockchain analytics firm PeckShield reported that Phemex lost $69.1 million in a Jan. 23 exploit targeting the exchange’s hot wallets, marking what appears to be the largest crypto hack of 2025 so far. In a Jan. 24 post on X, PeckShield revealed that the hack impacted wallets across multiple blockchains, including Ethereum (ETH), Solana (SOL), XRP (XRP), and Bitcoin (BTC).

According to Hacken analysts, the unidentified hackers, believed to have ties to North Korea, moved quickly to convert stolen Tether (USDT) and USD Coin (USDC) stablecoins into ETH, aiming to “bypass blacklisting risks.”

On Ethereum alone, approximately $20 million worth of assets, including ETH and stablecoins, were drained. Solana accounted for $17 million in losses, followed by $13 million in XRP and $5.3 million in Bitcoin, according to PeckShield’s breakdown as of Jan. 24.

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“Cold wallets remain safe”

Phemex CEO Federico Variola reassured users that the exchange’s cold wallets “remain safe.” He later revealed that USDT and USDC withdrawals “are being progressively restored.”

“All requests will be manually reviewed by our security team, so please be patient with the queue time,” Variola said in a Jan. 24 X post. Variola added that Bitcoin wallets were not impacted and withdrawals for BTC “will be enabled soon.”

Details of how the exploit occurred remain unclear. Phemex has stated it is working on a “compensation plan, which will be announced soon.” The hack surpasses the $21 million FortuneWheel exploit on BNB Chain earlier this year, making it the largest crypto hack of 2025 to date, according to De.Fi data.

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Silencio Network Officially Launches, Revolutionizing Noise Data Collection Globally

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Silencio Network Officially Launches, Revolutionizing Noise Data Collection Globally

[PRESS RELEASE George Town, Cayman Islands, January 24th, 2025]

Silencio, the world’s first decentralized noise data engine, has officially launched, setting a new standard in environmental data utilization. Powered by community contributions, Silencio transforms smartphones into secure, anonymous sensors that crowdsource real-time, hyper-local noise data. At its launch, Silencio Network is operational with almost 800k members in over 180 countries, covering 43.86 billion square meters (+560 times the size of New York) and recording 8.1 million hours of data collection.

$SLC Token Lists on Major Exchanges as Silencio Ecosystem Expands

Central to the Silencio ecosystem is the $SLC token, powered by the Blocksound Foundation, which is used for rewarding contributors, transactions, staking, and governance across the network. As of its launch on January 24, 2025, $SLC is available on leading exchanges such as KuCoin, Gate.io, MEXC, Bitmart, and BingX, with more to be added soon. The $SLC token is designed to incentivize the collection of noise data, supporting the network’s expansion with an initial issuance geared towards fostering sustainable growth.

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Silencio’s Vision: Transforming Noise Into Actionable Insights for a Quieter World

Silencio’s mission is to harness real-time noise data to enable smarter decisions for individuals, businesses, and governments. With its cutting-edge approach, the network aims to address critical issues such as urban planning, public health, and environmental management, making it especially relevant for sectors aiming for decentralization and enhanced community engagement.

Silencio is set to change the way people value real estate, select restaurants, and decide where to live. By providing actionable noise data, Silencio aims to impact the decision-making of millions of people worldwide, offering a new layer of insight that influences everyday choices and long-term planning. This approach ensures that noise levels, often overlooked, are now a central consideration in creating quieter, more enjoyable living and working environments.

Leading the Web3 Revolution with Real-World, Decentralized Solutions

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Beyond its token utility, Silencio is also pioneering in governance and community engagement through its transparent, blockchain-based ecosystem. The network allows contributors to earn $SLC tokens in reward for their data contributions, ensuring that every user is a stakeholder in the network’s success. Plans are underway to expand into the global personal data market, estimated to be worth more than $300 billion according to a McKinsey report. Silencio aims to commercialize any smartphone-collected data in a transparent and anonymized manner, providing full control and rewards to users.

Looking ahead, Silencio plans to further expand its platform to include more diverse data applications, potentially integrating additional environmental variables and enhancing its impact on global data-driven decision-making. With a robust user base and a clear vision, Silencio is poised to lead the Web3 revolution, bringing blockchain solutions to the real-world challenges of noise pollution and beyond.

Joining the Silencio Revolution

Silencio paves the way for a quieter, more informed world, it invites individuals and industries to join its network, contribute data, and benefit from the insights generated. With its official launch, Silencio reaffirms its commitment to a sustainable and participatory approach to environmental data, welcoming all to be part of this revolutionary journey.

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About Silencio Network

Silencio Network is revolutionizing the global approach to capturing, processing, and utilizing noise intelligence data. By transforming everyday smartphones into real-time noise sensors, Silencio provides hyper-local insights that drive impactful decisions across industries such as urban planning, real estate, and hospitality. Envisioning a future where noise-level data influences real estate pricing and guides daily choices in selecting hotels and restaurants, Silencio is paving the way for smarter, more informed decisions. With operations spanning over 180 countries and a network of almost 800k sensors, the platform generates more than 100,000 daily on-chain transactions, solidifying its position as the world’s largest noise intelligence platform.

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HBAR Gains 8.0% as Nearly All Assets Trade Higher

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9am CoinDesk 20 Update for 2025-01-24: leaders chart

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday.

Nineteen of 20 assets are trading higher.

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Leaders: HBAR (+8.0%) and SOL (+4.8%).

9am CoinDesk 20 Update for 2025-01-24: leaders chart

Laggards: ETC (-0.1%) and BTC (+0.4%).

9am CoinDesk 20 Update for 2025-01-24: laggards chart

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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SAB 121 rescinded: What it means for crypto custody and regulation in 2025

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SAB 122 (after withdrawal of SAB 121) streamlines crypto custody operations and fosters greater trust in traditional financial firms offering cryptocurrency services.

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Bank branch closures: NatWest to close 53 locations in 2025

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Bank branch closures: NatWest to close 53 locations in 2025

NatWest is set to close 53 of its bank branches in a blow to the financial institution’s customers and the economy of Britain’s high streets.

Bank branch closures have become the norm in recent years with consumer champion Which? claiming that 6,000 sites have shut down for good since 2015.


In recent years, NatWest Group, which includes NatWest, Royal Bank of Scotland and Ulster Bank, has reduced the portfolio of its high street branches dramstcially.

Since 2015, the banking group has closed 1,409 of its sites as many of its customers have opted for online services instead.

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In 2024, NatWest Group closed 48 branches and the shut down almost 20 branches the year before. As it stands, NatWest has more than 19 million customers with around 3.5 million using online banking.

Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.

NatWest sign

NatWest is among the high street banks closing its branches

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Here is the full list of NatWest branches closing in 2025:

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  • Accrington
  • Alfreton
  • Beverley
  • Bishop Auckland
  • Blackburn – Audley – Copy Nook
  • Bridlington
  • Cannock
  • Cleveleys
  • Derby – Allenton
  • Dewsbury
  • Ellesmere Port
  • Failsworth – Hollinwood – Oldham Road
  • Farnworth
  • Garstang
  • Goole
  • Keighley
  • Leeds – Chapel Allerton – Harrogate Road
  • Leeds – Cross Gates
  • Leek
  • Leyland – Golden Hill – Chapel Brow
  • Liverpool – Walton Vale
  • Long Eaton
  • Louth
  • Manchester
  • Mansfield
  • Market Drayton
  • Mexborough
  • Middleton
  • Morley
  • Nantwich
  • Newark-on-Trent
  • Newcastle upon Tyne – West Denton
  • Nottingham – Sherwood – Hucknall Road
  • Nottingham – West Bridgford
  • Rawtenstall
  • Rochdale
  • Salford – Trafford Park – Third Avenue
  • Sheffield – Ecclesall Road
  • St Annes On Sea
  • Stafford
  • Stockport – Hazel Grove
  • Stockport – Heaton Moor
  • Stockton-on-Tees
  • Stoke-on-Trent – Longton
  • Urmston
  • Uttoxeter
  • Wallasey
  • Washington
  • Widnes
  • Willerby
  • Wilmslow
  • Windermere
  • Worksop
NatWest bank branch sign, abandoned Barclays bank and Lloyds BankBank branch closures are continuing at an “alarming rate”, according to Which?GETTY

Speaking to The Sun, a NatWest spokesperson: “Our customers are using digital banking more than ever before – over 80 per cent of our active current account holders now use our digital services and over 97 per cent of retail accounts with us are now opened online.

“We are also significantly investing in refreshing our network – we expect to invest in excess of £20million in our network across the UK in 2025 to improve customer service, enhance the look and feel of our branches, and reduce the environmental impact of our buildings, as well as continuing to invest in shared solutions like the Post Office and Banking Hubs.”

“Like any business, we strive to meet our customers’ changing needs and expectations and we’ve been responding to the industry wide shift towards digital services by investing to broaden what customers can do themselves and to offer them greater personalisation.”

The exact dates of these bank branch closures have yet to be confirmed by NatWest

Under new rules laid out by the Financial Conduct Authority (FCA), high street banks and building societies have to ensure their customers still have access to cash services in areas where closures are taking place.

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When shutting down sites, banking groups must check if communities will still be able to use alternative branches or ATMs. Banks will have to action to make any gaps in peoples’ access to cash are addresssed.

LATEST DEVELOPMENTS:

Man worried and cash People are worried about their access to cash GETTY

However, the FCA has asserted that its new rules would not prevent bank branches from closing down.

The country’s financial services regulator argued that its powers would “have an impact where branches are a key local source of cash”

To mitigate the impact of branch closures on local areas, high street financial institiions have agreed to fund shared banking hubs on a voluntary basis.

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NEAR Protocol Price Predictions Spark Renewed Investor Interest

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As NEAR Protocol continues to solidify its position within the blockchain landscape, the speculation surrounding its future price trajectory has become a focal point of interest for many observers.

With a market cap reflecting its growing influence, the potential for NEAR Protocol’s value to evolve has captivated investors and enthusiasts alike.

However, the intricacies behind these projections and the nuanced factors driving this speculation invite a deeper exploration into the dynamics shaping the token’s journey ahead.

NEAR Protocol Short-term Price Forecast

In assessing the short-term price forecast for NEAR Protocol, the current real-time price of $3.98, reflecting a decrease of +4.76% in the past 24 hours, presents a key starting point for analysis.

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Despite the recent decline, factors such as supply and demand dynamics play a crucial role in shaping the near future of NEAR Protocol’s price movement.

Investors should consider the potential for a positive trend in the next 6 months, indicating a possible recovery from the current dip.

This short-term outlook suggests an investment opportunity with growth potential, although fluctuations may occur.

Monitoring the price closely and staying informed about market developments will be essential for making informed decisions regarding NEAR Protocol in the coming weeks.

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Factors Influencing NEAR Protocol Price

Factors influencing the price of NEAR Protocol encompass a complex interplay of market demand, technological advancements, and investor sentiment. Market demand plays a crucial role as it reflects the desire of investors to buy or sell NEAR tokens, impacting the token’s price.

Technological advancements within the NEAR Protocol ecosystem, such as upgrades, partnerships, and developments, can also significantly influence its price by enhancing its utility and attracting more users.

Additionally, investor sentiment, shaped by factors like news, social media, and market trends, can create fluctuations in demand and supply, directly impacting NEAR Protocol’s price. Understanding these interconnected factors is essential for investors looking to make informed decisions regarding NEAR Protocol.

Investment Potential of NEAR Protocol

Considering the intricate relationship between market demand, technological advancements, and investor sentiment affecting NEAR Protocol’s price, an evaluation of its investment potential unveils promising opportunities for discerning investors. NEAR Protocol’s innovative approach as a developer-friendly, proof-of-stake blockchain platform positions it well for long-term growth.

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With a strong founding team and a focus on scalability and usability, NEAR Protocol has garnered increasing attention in the blockchain space. The platform’s market cap of $4,473,480,297 reflects growing confidence from investors. As the project continues to evolve and attract more developers and users, the investment potential of NEAR Protocol appears robust.

Investors looking for exposure to a promising blockchain project with room for expansion may find NEAR Protocol an attractive addition to their portfolio.

NEAR Protocol Long-term Price Prediction

What influences can shape the long-term price trajectory of NEAR Protocol, a developer-friendly blockchain platform with a strong emphasis on usability and scalability?

Several key factors may impact NEAR Protocol’s long-term price prediction. The continuous development of its ecosystem, partnerships with other projects, adoption by developers and users, scalability improvements, and market trends in the broader cryptocurrency space all play crucial roles.

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Additionally, regulatory developments, technological advancements, and investor sentiment towards blockchain projects could significantly influence NEAR Protocol’s future price movements. Monitoring these variables and assessing how NEAR Protocol positions itself within the competitive blockchain landscape will be essential for making accurate long-term price predictions.

NEAR Protocol Value Projections

With the growing recognition of NEAR Protocol’s technological advancements and developer-friendly ecosystem, its value projections are garnering increased attention from investors and industry analysts alike.

As NEAR Protocol continues to establish itself as a prominent player in the blockchain space, its potential for long-term value appreciation is being closely monitored.

Industry experts anticipate that the platform’s strategic partnerships, scalability solutions, and focus on user experience could contribute to a steady increase in its value over time.

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Conclusion

The future price trajectory of NEAR Protocol remains a topic of interest among investors and enthusiasts.

With its innovative approach and strong market presence, NEAR Protocol has the potential for both short and long-term growth.

Factors such as market dynamics and investment opportunities will play a crucial role in shaping the value of NEAR Protocol in the evolving blockchain landscape.

Stakeholders should carefully consider these factors when making investment decisions in this dynamic digital ecosystem.

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XRP, PEPE, and RBLK see exceptional price action causing FOMO

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CoinDesk owner fires 3 editors after Justin Sun article controversy

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

XRP, PEPE, and Rollblock are igniting investor FOMO as bullish momentum surges, with Rollblock transforming the $540b iGaming market.

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Trump’s win has ignited a frenzy, and Ripple has been at the center of the FOMO. Market analysts are expecting a surge to a new ATH amid legal breakthroughs and ETF speculations. The optimism has been the same with the PEPE meme coin. 

Whales have been adding these altcoins alongside the new GambleFi brilliance Rollblock, an emerging project seen as the dark horse of 2025. This iGaming project is changing the $540 billion online gambling market, and its presale continues to be a success. Are we witnessing a new crypto market ATH? Let’s find out.

Rollblock: GambleFi growth incites presale FOMO

The Rollblock FOMO has reached a fever pitch and shows no signs of slowing down. This new GambleFi solution has taken the presale market by storm following its breach into iGaming. The price action has been astonishing: its RBLK token has surged 360%, the presale raise went past $9.2m, and analysts are predicting another surge before the presale ends.

Rollblock’s laser focus is on innovating the $540 billion online gambling market with blockchain-based AI-driven cutting-edge GambleFi solutions. Even capturing a fraction of this massive market could propel RBLK into billion-dollar territory, potentially delivering exponential returns.  

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However, what resonated with many market participants is its revenue-sharing model and deflationary mechanics. Each week, holders get a share of generated revenue, in addition to lucrative staking opportunities already mapped out. Its deflationary tokenomics creates a shrinking supply that drives scarcity and boosts the token’s value.

Ripple: SEC breakthrough greenlights XRP ETF, eyes new ATH

Ripple’s XRP is at the center of renewed optimism following a seismic shift in U.S. regulatory leadership and CME Group’s alleged plans to launch XRP and Solana futures contracts. If CME’s XRP and Solana futures gain regulatory clearance, the SEC could be compelled to greenlight futures ETFs for these tokens. 

Meanwhile, XRP consolidates near $3, with bullish momentum building amid the appointment of Mark Uyeda as acting SEC Chair. Uyeda’s pro-crypto stance signals a potential end to the SEC’s aggressive enforcement era and a favorable resolution for the Ripple-SEC tussle. XRP’s price now eyes a breakout above its all-time high of $3.55, potentially reaching $4.20.

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PEPE: Whale accumulation hints at big gains ahead

Pepe is poised for another explosive year in 2025. The meme coin shows clear signs of accumulation by whales and a potential breakout that could propel it to a new ATH. Recent blockchain data reveals that major investors strategically buy PEPE during the dip.

Adding to the buzz, Ethereum co-founder Vitalik Buterin’s recent purchase of 508.6 million PEPE tokens has fueled market speculation. His endorsement, combined with rising social media mentions and increased active addresses, reflects growing retail and institutional interest. The technical outlook is getting better, too. PEPE’s double bottom formation at a critical support level and its bullish falling wedge pattern are key signals of an imminent rally.

Conclusion

While XRP and PEPE offer exciting potential, Rollblock’s momentum and disruptive market approach make it the standout investment opportunity of this bull run. This new GambleFi platform is transforming the $540 billion iGaming market with its cutting-edge blockchain and AI-driven solution. There’s no doubt these altcoins are primed for explosive growth.

To learn more about Rollblock, visit the website and socials.

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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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VINE Token Hits $400 Million Market Cap, Now Available for Trading on BYDFi

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VINE Token Hits $400 Million Market Cap, Now Available for Trading on BYDFi

[PRESS RELEASE – Victoria, Seychelles, January 24th, 2025]

On January 23, 2025, BYDFi, a global crypto exchange, announced the launch of the VINE/USDT spot trading pair. Within the first 24 hours of trading, the VINE token recorded significant activity, reaching a temporary market capitalization of $400 million before stabilizing. While it has since experienced a slight decline, its trading volume continues to rise, currently reaching $1.37 billion, securing a spot among the most traded assets on the Solana blockchain. On-chain data indicates activity among new wallet addresses, with some reporting unrealized gains exceeding $1 million.

The $VINE token was launched by its founder, Rus Yusupov, marking the first major tech company founder to issue a cryptocurrency after the Trump Coin craze. Its core mission is to disrupt the traditional centralized economic model by introducing a decentralized ecosystem aimed at transforming content creation and monetization. The token’s potential lies in giving creators direct ownership and control over their content, creating a more transparent and fair platform compared to centralized alternatives. As of this writing, the $VINE token price is $0.25, up by 1697.34% in the last 48 hours. Eight hours ago, a tweet from founder Rus Yusupov on X led to a 39.37% increase in VINE’s trading volume.

Currently, BYDFi supports VINE/USDT spot trading with a minimum trade amount of just $10. The platform has also launched several other popular tokens, including SONIC/USDT, AIOS/USDT, and BUZZ/USDT. Additionally, BYDFi is offering new users a welcome bonus of up to 8100 USDT. Users can claim this reward by completing simple tasks. For more details, users can refer to the BYDFi website.

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About VINE

VINE, the platform that gave rise to the token, was established in 2012 and quickly gained 200 million users with its innovative 10-second video format. It was later acquired by Twitter, leading to the platform’s shutdown. For U.S. users, Vine was not only a short video platform but also a pioneering force behind individual content creation and the rapid spread of consumer culture. On January 19, 2025, Elon Musk mentioned in a public reply that X (formerly Twitter) was considering bringing Vine back, sparking renewed excitement and anticipation for the Vine brand.

About BYDFi

Founded in 2020, BYDFi is a Forbes-certified top 10 global crypto exchange with more than 1,000,000 loyal users worldwide. The platform has earned multiple MSB (Money Services Business) licenses across various countries and regions. Further, it joined an alliance of South Korea’s CODE VASP to further solidify its position among the leaders across the world’s crypto landscape. To ensure security and transparency, BYDFi follows strict asset management protocols. All user assets are stored in offline multi-signature wallets, with at least a 1:1 reserve ratio. BYDFi regularly publishes proof-of-reserves(POR) reports, ensuring that users’ funds are always in a verifiable and secure status.

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In addition to offering more than 600 coins spot trading pairs, BYDFi supports perpetual contracts with up to 200x leverage to cater to the diverse investment needs of its users. The platform also allows fiat deposits from over 150 countries, supporting payment methods like Visa, MasterCard, Google Pay, and Apple Pay to ensure seamless access for users around the world. BYDFi, with its low trading fee structure reducing trading costs, is committed to ensuring world-class crypto trading for users worldwide.

  • Website: https://www.bydfi.com
  • Support Email: CS@bydfi.com
  • Business Partnerships: BD@bydfi.com
  • Media Inquiries: media@bydfi.com

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Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52

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Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52

Este artículo también está disponible en español.

Hedera (HBAR) has emerged as a standout performer in the current market cycle, demonstrating resilience and strength even amid uncertainty and volatility. After reaching a multi-year high last Friday, HBAR experienced a sharp correction, dropping over 22%. Despite this pullback, the price action suggests that Hedera is gearing up for its next major move, keeping investors optimistic about its bullish potential.

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Renowned analyst Carl Runefelt has shared a detailed technical analysis on X, shedding light on HBAR’s current position. According to Runefelt, Hedera has successfully tested a key demand level following its recent drop, indicating that the cryptocurrency is preparing for a significant upward move. This successful retest of support is seen as a bullish signal, especially in a market marked by heightened volatility.

As Hedera continues to consolidate its position among market leaders, its ability to hold critical levels and rebound with strength is a testament to its growing adoption and investor confidence. With market conditions still uncertain, HBAR’s performance in the coming days will be pivotal in determining whether it can sustain its bullish momentum and lead the way in the altcoin market. All eyes are on Hedera as it prepares for what could be another explosive rally.

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Hedera Prepares For A Breakout

Hedera has been navigating the volatile crypto market with remarkable resilience, positioning itself as a strong contender to lead this bullish cycle. As the broader market enters a bullish phase, HBAR’s price action reflects its potential, having been in a sideways consolidation since early December. This prolonged phase of accumulation suggests that Hedera may be primed for a breakout.

Market analysts have been increasingly optimistic about HBAR’s performance, with many pointing to its strong fundamentals and growing adoption as reasons for its bullish outlook. Notably, Carl Runefelt recently shared a technical analysis on X, highlighting key developments in HBAR’s price action. According to Runefelt, HBAR has successfully retested a critical demand zone that previously acted as resistance. This successful retest is a bullish signal, indicating that the price is building a solid foundation for its next upward move.

Hedera retesting key demand level | Source: Carl Runefelt on X
Hedera retesting key demand level | Source: Carl Runefelt on X

Runefelt further emphasized that if HBAR continues to hold this key level, the next logical step would be to set new yearly highs. He has set an ambitious price target of $4.20, which he believes is achievable once HBAR breaks above Friday’s price peak.

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With the market sentiment turning positive and Hedera’s strong technical setup, the coming weeks could be pivotal for HBAR. A breakout above its current consolidation range could catapult it into new territory, reaffirming its position as a market leader in this cycle. Investors are closely watching for signs of this anticipated rally as Hedera continues to demonstrate its potential to outperform in the evolving crypto landscape.

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HBAR Price Action: Key Levels To Hold  

Hedera is currently trading at $0.33, following a sharp decline since last Friday’s highs. Despite the pullback, the price remains within a critical range, and bulls must act decisively to reclaim momentum and re-establish a bullish outlook. Holding above the $0.315 support level is essential to prevent further downside and maintain a stable foundation for recovery.

HBAR holding key demand above $0.31 | Source: HBARUSDT Chart on TradingView
HBAR holding key demand above $0.31 | Source: HBARUSDT Chart on TradingView

The immediate target for bulls is to push the price above the $0.35 resistance level, which has acted as a barrier in recent sessions. A successful reclaim of this level would signal renewed strength and spark optimism among investors. Breaking through $0.35 could set the stage for a broader rally, with the next key milestone at the $0.40 mark.

A move above $0.40 would reinforce confidence in HBAR’s bullish potential, likely attracting fresh buying interest and solidifying its position in the ongoing market recovery. However, failure to hold above $0.315 could result in further consolidation or even a deeper correction, challenging the positive sentiment around HBAR.

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As the market awaits HBAR’s next move, investors are closely monitoring its ability to hold critical levels and break through resistance. The coming days will be pivotal in determining whether HBAR can regain its upward trajectory.

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Featured image from Dall-E, chart from TradingView

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Bitcoin (BTC) Options Worth $7.8B Set to Expire at End of Month on Deribit

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Open Interest by Strike Price, Bitcoin (Deribit)

Some $7.8 billion worth of bitcoin (BTC) options expire at the end of the month and, with the largest cryptocurrency trading well above the so-called max pain point, it’s possible market makers looking to maximize their profits will try to force it lower in the coming days.

Data from Deribit, the largest decentralized options exchange, show as much as $6 billion in notional value is set to expire out of the money, or without value, when the contracts close on Jan. 31 at 08:00 UTC. A full 50% of those are put options, which give holders the right, but not the obligation, to sell BTC at a predetermined price within a specific timer period.

“The max pain level for this expiry stands at $98k, with significant market dynamics expected to influence price movements in the near term,” Deribit CEO Luuk Strijers told CoinDesk. ” The recent rescission of SAB 121 enables banks to custody bitcoin, potentially unlocking new institutional flows while speculation about a bitcoin strategic reserve announcement adds an additional layer of market anticipation”.

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Put holders were most likely either hedging against downside risk or making bearish bets with the uncertainty surrounding President Donald Trump’s inauguration.

The max pain price is where the option buyers experience the highest losses, while the market makers, the other side of the transaction, make the most. Prices often tend to gravitate towards the max pain price as expiry nears, which means $98,000 is the key level to monitor in the coming week.

“Next week Friday’s BTC options expiry represents a notable event as approximately 74,000 contracts are expiring. Total BTC Options notional open interest is now $28 billion of which, $7.8 billion is set to expire, with approximately 22.6% in-the-money (ITM), potentially triggering delta hedging flows in the market. While, DVOL is currently around 60, aligning with year-end levels,” Strijers said.

DVOL is the Deribit index for tracking bitcoin implied volatility (IV). CoinDesk research has noted that IV hit the highest level on Jan. 20 since August due to bitcoin breaking to new all-time highs.

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