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Friedrich Merz vows to seal Germany’s borders after Bavaria knife attack

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Friedrich Merz, the frontrunner in the race to become German chancellor, plans to submit a migration bill to impose “quasi-permanent” border controls following a fatal knife attack in the south of the country.

The leader of the Christian Democratic Union, which is predicted to win general elections on February 23, has also vowed to ban entry to asylum seekers and speed up deportations. His party is planning to put measures to a vote in parliament as soon as next week, he said on Friday.

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Existing EU migration rules were “dysfunctional”, the conservative leader said, adding: “Germany must therefore make use of its right to the primacy of national law.”

The planned measures respond to growing public outcry after the killing on Wednesday of a two-year old and an adult by an Afghan asylum seeker in the Bavarian town of Aschaffenburg. Frustration with Berlin’s inability to take a tougher approach on irregular immigration has increased support for the far-right Alternative for Germany (AfD).

Map of Germany showing Aschaffenburg, with the capital Berlin and Frankfurt marked

The attack in the town 40km south-east of Frankfurt comes a month after a Saudi Arabian doctor ploughed through a Christmas market in the eastern city of Magdeburg, killing six and injuring hundreds. In August, a Syrian national fatally stabbed three people and injured eight others in the western city of Solingen. Terror group Isis claimed responsibility for the Solingen attack.

AfD has seized on the attacks to justify its calls for mass deportations of immigrants. The party is predicted to finish second with about 20 per cent of the vote, according to pollsters. On Wednesday, AfD leader Alice Weidel published a letter urging Merz to collaborate in parliament on migration.

Merz was trying to draw a line under the era of former CDU chancellor Angela Merkel, who divided her party by allowing 1mn mainly Syrian refugees to enter Germany in 2015, Uwe Jun, a political scientist, said.

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“But it is hard to see how any party can benefit from the current immigration debate except for the AfD,” Jun said.

Friedrich Merz, delivers a statement at the German parliament ‘Bundestag’ in Berlin
Friedrich Merz’s CDU party is predicted to win general elections on February 23 © Clemens Bilan/EPA-EFE/Shutterstock

Chancellor Olaf Scholz, whose Social Democratic party is trailing in third place in the polls, sought to redirect the blame for the latest attack on to Markus Söder, the conservative president of Bavaria. Söder is leader of the Christian Social Union, the CDU’s Bavarian sister party, and has been campaigning with Merz.

The suspect in Wednesday’s attack, who has been arrested, is a 28-year-old Afghan national whose asylum application was rejected in 2023 and should have been deported back to Bulgaria, where he entered the EU. He had known psychiatric problems and had told authorities he would voluntarily leave Germany a month ago, according to Bavarian authorities.

After the Solingen attack, Scholz’s coalition introduced temporary controls along all its land borders, a move it said “was compatible with European law”.

But Scholz has been criticised for failing to solve the problem. “Blah-Blah Chancellor,” read the front-page headline of Bild, Germany’s largest tabloid, on Friday.

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“The blame game is on now,” said Henning Meyer, public policy professor at the University of Tübingen. “People rightly feel that the government is not in control, but it’s a systemic administrative problem.”

Meyer added: “The attackers were all known and some identified as potential threats. There is a problem of flow of information between authorities.”

Multiple agencies received warnings about the Magdeburg attacker, a refugee who had expressed support for the AfD and had known psychiatric issues.

Merz’s party could secure a parliamentary majority for his migration proposals with backing from the Liberals, AfD and the party of leftwinger Sahra Wagenknecht and without the support of the SPD and Greens. The two coalition parties may face a backlash if they decided to abstain or reject the measures.

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Green MP Konstantin von Notz warned that the proposals were “in conformity with neither the constitution nor European law . . . Merz is following in the footsteps of Donald Trump”.

Merz also risked losing support if the attacks continued, Prof Meyer said.

“Merz wants to make border controls quasi-permanent, but the danger is that he overpromises and doesn’t deliver and there is another attack,” he said. “The illegal immigrants don’t tend to be the ones lining up at the border crossings and Germany has a big green border.”

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Crypto czar David Sacks says NFTs and memecoins are collectibles, not securities

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Sacks likened Trump’s recently-released memecoin to ‘a baseball card or a stamp.’
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TikTok still isn’t in the App Store

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TikTok still isn’t in the App Store

Nearly a week after it was removed, the TikTok app is still missing from Apple and Google’s app stores.

The app was pulled from both stores after the US’ ban-or-divest law went into effect last weekend, which resulted in the service going dark within the United States. While TikTok came back online shortly after the ban, the app didn’t return to either mobile store. Apple and Google are at risk of paying billions in fines if they make TikTok available, and it’s unclear if President Donald Trump’s executive order refusing to enforce the ban actually removes that risk.

Apple and Google haven’t replied to multiple requests for comment from The Verge — including requests I made today — about if or when the app might be available again. Apple and Google do have statements about the removal of TikTok and other ByteDance-owned apps like Lemon8 and Marvel Snap, but otherwise, no comment since.

TikTok didn’t immediately reply to a request for comment, either, however, Marvel Snap developer Second Dinner posted Friday evening on X, saying, “Our current estimation is that Marvel Snap will be back in the app stores as early as next week barring any setbacks.” Without explaining further, Second Dinner co-founder Ben Brode answered a question on Bluesky about what would happen for next month’s updates, saying, “we’re hoping to have it back before then.”

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Because these app stores are the primary way many people get the software, TikTok’s absence basically means you can’t newly install the app — at least, for the time being — without jumping through a lot of hoops. It also means they can’t deliver updates to add new features or address any bugs, including potential security flaws.

If you had TikTok on your phone before the ban kicked in, however, the app should work for you as normal. (As a result, people are trying to sell used phones with the TikTok app still on them.) You can also use TikTok in a browser — including on your phone.

Update, January 24th: Added new details about Marvel Snap.

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Raydium targets $10, CATZILLA steals spotlight with high growth potential

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Raydium targets $10, CATZILLA steals spotlight with high growth potential

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

CATZILLA is stealing the spotlight from Raydium’s $10 target with its high growth potential.

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While Raydium sets its sights on a notable target, the real buzz centers around CATZILLA. This emerging contender has investors talking about its potential to surge by high values.

CATZILLA: The meme coin redefining success

CATZILLA is generating a seismic buzz in the crypto world with its growth potential. This emerging meme coin is more than just a flashy newcomer — it’s a bold, community-driven project poised to challenge crypto norms and deliver massive returns.

CATZILLA’s mission is to confront greed, expose scammers, and create a fairer crypto ecosystem. With a rebellious spirit and a fierce drive for innovation, its rallying investors, meme enthusiasts, and DeFi advocates to join its mission of decentralized financial empowerment.

Raydium targets $10, CATZILLA steals spotlight with high growth potential - 1

CATZILLA isn’t just another fleeting meme coin. It’s designed with longevity and value at its core, offering early investors an incredible 88% presale discount. Starting at $0.0002, its 14-stage presale gradually increases prices, ensuring those who act early benefit the most.

Triple utility power:

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  1. Governance – Empowering the community to shape CATZILLA’s future.
  2. Incentives – Rewarding active engagement and contributions.
  3. Staking – Offering opportunities for passive income by holding and staking CATZILLA tokens.

By blending humor, financial opportunity, and a transparent roadmap, CATZILLA is turning heads as a serious contender in the meme coin arena.

CATZILLA’s strength lies in its passionate community and commitment to inclusivity. It’s a platform where creativity meets innovation, uniting seasoned investors and meme fans in a collective pursuit of financial freedom.

Whether for the laughs, the gains, or the mission, CATZILLA promises a fresh approach to crypto — a space where collaboration thrives and possibilities are endless.

Interested investors can join the CATZILLA movement via presale.

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Raydium eyes further growth

Raydium’s recent surge is catching eyes as its price maintains between $5.79 and $8.67. With a 6-month climb of over 227%, the potential for more growth is compelling. The nearest resistance sits at $9.57, signaling a pivotal point. If broken, the path to the second resistance at $13.07 opens, hinting at more than a 50% gain from current levels. 

The RSI at 43.34 suggests room to run before overbought levels. The MACD’s positive nature bolsters this bullish sentiment. Recent 1-week and 1-month gains of over 39% and 54% respectively reflect growing momentum. As traders eye these levels, Raydium’s future looks promising in what could be shaping up to be an altcoin season.

Conclusion

While coins like RAY show limited short-term potential, Catzilla stands out as a meme coin aiming to bring financial freedom. With a 700% ROI potential during its presale — starting at $0.0002 and rising to $0.0016 over 14 stages — it offers governance features, rewards for loyalty, and staking options. Catzilla looks to unite enthusiasts to challenge toxic systems and reach new heights.

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

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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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Ethereum Achieves 17x Scaling with Layer 2, but Challenges Persist, Says Buterin

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Ethereum Achieves 17x Scaling with Layer 2, but Challenges Persist, Says Buterin

Layer 2 protocols have played a critical role in scaling the Ethereum network. The blockchain’s co-founder Vitalik Buterin noted that Layer 2s in 2025 represents a significant evolution from their experimental beginnings in 2019, having achieved certain decentralization milestones, secured billions of dollars in value, and scaled Ethereum’s transaction capacity by 17-fold, all while simultaneously lowering fees.

However, Buterin stated that challenges remain, particularly around scaling and heterogeneity.

Blob Space and Interoperability Challenges

In his latest blog post, Buterin pointed out that Ethereum’s current blob space – a resource for storing and processing data on the blockchain – barely meets the demands of today’s Layer 2s and their use cases. As such, this limitation could hinder the platform’s ability to accommodate future growth.

Additionally, the heterogeneity of Layer 2s creates challenges when it comes to interoperability, composability, and user experience.

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While Ethereum’s initial vision for scaling involved a shard-based system of homogenous blockchains, Buterin noted that Layer 2s have instead evolved into a fragmented ecosystem of chains created by different actors, each with different standards and infrastructure requirements.

To address these challenges, the Ethereum co-founder outlined several key steps. On the Layer 1 side, Ethereum must accelerate scaling blobs and expand the Ethereum Virtual Machine (EVM) and gas limits to handle activities such as proofs, large-scale DeFi, deposits, withdrawals, and mass exit scenarios.

On the Layer 2 front, he stressed the need for improved security, ensuring guarantees such as censorship resistance, light client verifiability, and the absence of trusted parties. Interoperability across Layer 2s and wallets must also be prioritized to enable easy interactions across chains through standardized addresses, message-passing protocols, bridges, and efficient cross-chain payments.

For users, Ethereum should feel like a unified ecosystem rather than a collection of disparate chains, Buterin added.

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Strengthening ETH as a Triple-Point Asset

Buterin also stated that Ethereum’s future as a strong triple-point asset – functioning as a store of value, medium of exchange, and unit of account – requires a “multi-pronged” strategy to maximize the value of ETH.

The first step is to cement ETH as the primary asset across the combined Layer 1 and Layer 2 Ethereum economy. This includes prioritizing ETH, the main collateral for decentralized applications and financial ecosystems.

Next comes incentivizing Layer 2s to allocate a portion of their fees toward the broader Ethereum ecosystem, which could generate sustainable funding. This may involve burning part of the fees, staking them, or channeling proceeds into public goods for the Ethereum network.

Third, while rollups offer opportunities for Layer 1 to capture value through MEV, it’s important to maintain flexibility, recognizing that not all rollups can adopt this model due to different application requirements. Finally, Ethereum could explore raising the blob count as a potential revenue stream.

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Disrupt 2025 tickets now on sale: Lowest Rates Ever

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Disrupt 2025 tickets now on sale: Lowest Rates Ever

We’re kicking things off earlier than ever! TechCrunch Disrupt 2025 tickets are officially on sale. Don’t miss your chance to snag them at the lowest rates of the year!

Immerse yourself in the epicenter of tech innovation at Disrupt 2025! From October 27 to 29, Moscone West in San Francisco transforms into the global hub for technology and venture capital. Experience 250+ powerful sessions, 200+ expert-led discussions, the thrilling Startup Battlefield 200, and unparalleled networking with 10,000 tech and VC leaders. This year, dive deeper into groundbreaking AI advancements to spark your next big idea.

Save now more than ever

2-for-1 Passes

The best deals of the year are here! From now through January 31, take advantage of registering for two of the same ticket type for half the price of one. Choose from Attendee, Investor, Founder, Non-Profit, Student, and Expo+ 2-for-1 Passes. Make the most of Disrupt 2025 by bringing a friend or colleague.

Super Early Bird Rates

Early birds get the biggest savings of the year! Super Early Bird rates are the lowest rates. Save up to $1,100 on select ticket types. Don’t wait — these incredible deals vanish after February 28 at 11:59 p.m. PT.

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What to expect at Disrupt 2025

Expect three dynamic days of exploring the cutting-edge innovations, trends, and products shaping startups today. You’ll also walk away with practical strategies for navigating the challenges and opportunities in the fast-changing tech landscape.

TechCrunch Disrupt continues its mission by bringing you the latest insights from pioneering founders, CEOs, and venture capitalists who will share their invaluable wisdom. This is a must-attend event for entrepreneurs looking to learn from the top minds in the industry. Here’s a preview of the distinguished speakers who joined us last year:

SAN FRANCISCO, CALIFORNIA - OCTOBER 28: Vinod Khosla, Founder of Khosla Ventures, speaks onstage during TechCrunch Disrupt 2024 Day 1 at Moscone Center on October 28, 2024 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch)
Image Credits:Kimberly White/Getty Images for TechCrunch
Matt Mullenweg, Founder and CEO of Automattic, speaks onstage during TechCrunch Disrupt 2024 Day 3 at Moscone Center on October 30, 2024, in San Francisco, California.
Image Credits:Kimberly White/Getty Images for TechCrunch

Expand your knowledge and network

Maximize your learning with sessions at the Builders Stage! Dive into expert-led discussions on key topics such as fundraising, product iteration, bootstrapping, and scaling your business.

Choose from a wide range of breakout sessions and roundtable discussions, offering interactive presentations, thought-provoking discussions, and Q&A opportunities with experts from across the startup ecosystem.

Alongside our core focus on entrepreneurship and business growth, this year’s event will feature special tracks on AI and space, and more.

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Don’t miss the Startup Battlefield, featuring over 200 companies presenting their groundbreaking innovations, plus the exciting Startup Battlefield pitch competition.

Whether you’re scheduling 1:1 meetings through the event app, joining receptions and side events, or having impromptu chats, you’re sure to build meaningful relationships that can help drive your business forward.

Lock in the lowest possible ticket rates

Lock in incredible savings today — secure your Super Early Bird ticket or bring a +1 with the 2-for-1 Pass while this offer lasts!

Is your company interested in sponsoring or exhibiting at TechCrunch Disrupt 2025? Contact our sponsorship sales team by filling out this form.

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XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

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XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

Este artículo también está disponible en español.

XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. Despite the market’s inherent volatility, price action remains robust, fueling optimism among investors and analysts. As the broader crypto market enters a bullish phase, XRP is gaining attention as a potential leader in the next major rally.

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Market sentiment is growing increasingly positive, with analysts predicting a massive move into price discovery. Among them, crypto expert Carl Runefelt has shared an intriguing technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. This pattern suggests that XRP is consolidating before a significant breakout, which could propel the price into uncharted territory.

As excitement builds, investors are watching closely to see whether XRP can sustain its momentum and capitalize on the bullish market environment. A breakout from the bullish pennant could confirm XRP’s trajectory toward new milestones, reinforcing its position as one of the market’s most dynamic assets. 

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XRP About To Enter Price Discovery

XRP is on the verge of entering price discovery as the broader crypto market signals a bullish rally. Following a strong pump in early November, XRP’s price action has remained resilient, fueling optimism for substantial gains in the months ahead. As the market flirts with a decisive phase, XRP continues to stand out as a top contender for life-changing returns for investors and traders.

Renowned crypto analyst Carl Runefelt has shared an insightful technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. Based on this setup, Runefelt has set a price target of $4.20 in the coming weeks, aligning with broader expectations of a market-wide rally.

XRP forming a 4H bullish pennant | Source: Carl Runefelt on X
XRP forming a 4H bullish pennant | Source: Carl Runefelt on X

The bullish pennant suggests that XRP is consolidating before its next major move. If the pattern holds, the breakout could propel XRP into uncharted territory, confirming its position as a leading asset in this market cycle.

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As the market gears up for a potentially explosive phase, XRP is well-positioned to capitalize on the momentum. With its strong price action and favorable technical setup, XRP has the potential to deliver significant returns. Investors and traders are closely watching as XRP prepares for its next move, with anticipation building for what could be a pivotal rally.

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Price Testing Critical Levels

XRP is currently trading at $3.19, following a massive surge above its previous all-time high last week. The recent price action highlights XRP’s strength as it continues to attract investor interest during this bullish phase. However, the asset has entered a brief consolidation phase, which could signal preparation for its next move.

XRP price showing strength | Source: XRPUSDT chart on TradingView
XRP price showing strength | Source: XRPUSDT chart on TradingView

For bulls to maintain momentum and sustain the uptrend, reclaiming the $3.25 resistance level is critical. Breaking above this mark would likely reignite buying pressure and pave the way for another push toward new all-time highs. Achieving this would reinforce the bullish structure and solidify XRP’s position as one of the market’s top-performing assets.

Conversely, holding above the $3.05 support level is equally important to confirm the ongoing trend. This level has become a key line of defense, and a breakdown below it could signal weakness, potentially leading to a deeper correction and testing lower demand zones.

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As XRP consolidates, investors are closely monitoring these crucial levels. A breakout above $3.25 or a strong defense of $3.05 will provide clearer direction for XRP’s next move. The coming days will be pivotal in determining whether XRP can sustain its bullish momentum or face temporary headwinds.

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Featured image from Dall-E, chart from TradingView

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It’s Easier Than You Think to Build With AI and Web3

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AgentKit

Remember those middle-school writing prompts: Describe your favorite cookie.

Your teacher told you to write it as if to an alien, a being who had never encountered a cookie before, which meant touching on each sense – sight, sound, smell, touch, taste. You might not have realized it then, but describing something in a way that allows people to get a clear picture is actually quite hard.

Let me try to describe Matheus Pagani, founder and CEO of Venture Miner. Matheus is a male with light caramel skin and dark brown hair. Even though his hair is cut close, you can tell it’s curly. He’s got a thick dark brown, almost black beard, which connects to a mustache. His eyes are dark brown behind thin wire glasses. His bottom lip sticks out a little further from his top lip, giving him a look of assurance, but not arrogance.

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Picturing him yet? How confident are you?

Oh yeah, and he’s Brazilian.

Got it?

Let’s see what Matheus Pagani actually looks like.

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Pagani

Is this what you had come up with in your head from my description? Doubt it. Whenever I told you he was Brazilian, did you accessorize him in bright colors and a feathered headdress? Something like this?

Dancing brazilians

If so, check your bias, but also you’re thinking like an AI. That was what ChatGPT came up with from the prompt “some Brazilians having fun.” Pagani showed this and other examples spit out by our generative AI (Italians have fun by sitting around long tables with multiple generations eating pizza) during the AI2Web3 Bootcamp in NYC in early December.

The bootcamp, run by Pagani and Build City, brought together 59 participants across all skill levels to learn how the two buzziest (and often misunderstood) technologies can be brought together to create useful products and services. Pagani used a version of the middle-school assignment to explain how and why AI made the significant leaps that have kept us all excited and on edge over the past few years. Before there was largely only text data being used to train AIs, and as the exercise highlights, that only goes so far. But mix text information with visual data, and you get a fuller picture.

And understanding this, getting hands on with both AI and blockchain technology to understand its core components is what the bootcamp was all about. For Pagani, these skills are going to be relevant for nearly all people – engineers, tech users, journalists, artists, doctors – real soon.

“We want to join brilliant minds from all backgrounds to come and work with AI and Web3, since the junction of their multiple perspectives can uncover new use cases that we would never envision just with a specialized Web3 or AI mindset alone,” Pagani said. “Nowadays we have tools to easily enable any non-technical enthusiasts to build practically functional applications and systems just with “plain English,” so what matters is bringing passionate people interested in solving problems together with the proper education. When you have this combination, you just need to light the match and watch it burn.”

Mind-Boggling Building

What makes the intersection of these two technologies so exciting is just how much you can build in such a short amount of time without really any prior technical experience.

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Not only will AI source whole codebases with the right prompt, but the crypto industry is also building tools to help make developing at the intersection of both more intuitive and accessible.

For instance, Coinbase, who sponsored the bootcamp, launched AgentKit in November. The framework allows developers to build AI agents with their own crypto wallets, enabling the agents to interact autonomously with blockchain networks. This could be used to build a squad of agents that can monitor the markets and execute trades automatically based on predefined rules and guardrails.

“One day, we’ll have AI agents own their own cars and operate their own taxi service that gets paid by customers in crypto and then uses that crypto to purchase repairs,” Lincoln Murr, associate product manager at Coinbase, told the attendees.

Coinbase currently has a grants program ongoing for building with AgentKit. “What you build doesn’t have to be useful; we have a bias towards cool stuff,” Murr told the bootcamp, hoping to inspire projects and applications that no one has yet thought of.

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Ora Network also has an interesting model for developers looking to build AI-enabled Web3 applications or vice versa. The network allows developers to utilize current large language models, including Meta’s Llama3 and Stable Diffusion, but it also enables developers to build their own models and offer a so-called initial model offering (IMO) to crowdfund its continued development.

“It’s kind of winner-takes-all right now in AI, but with this model, we’re allowing the crowdfunding of AI building and training, so people can have a share of the models, which is empowering if we think these models will run society in a decade,” Alec James, partnerships and growth lead at Ora, said during the bootcamp. “If that’s the case, we’ll want that development distributed.”

Near, Fleek and Alora were also among the companies that sponsored the bootcamp and presented their various tools and programs for building at the intersection of these two innovative technologies.

Can Devs Do Something?

During the final day of the bootcamp, nine teams presented working prototypes for projects that blended Web3 and AI. These projects ranged from AI assistants meant to help you pick gifts, order delivery or diversify your financial portfolio to applications to help crypto operators pump out memecoins with big virality potential.

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Jackie Joya, a participant who had flown in from San Francisco, said the bootcamp has really inspired her to keep building. With a background in animal science, Joya is still new to engineering, but was amazed how much a novice could build with the tools available.

Other participants, across all skill levels, said similar things. Choudhury Imtiaz, a market researcher from Bangladesh, who is in the U.S. on an H-1B1 Visa waiting for a placement, hasn’t heard of Web3 before the bootcamp, but was able to pitch a team project on the last day. And Isayah Culbertson, who has worked as an engineer for both crypto and AI projects separately, was able to learn skills for building with both, which he thinks has the potential to change the world for the better.

“I see the combination accelerating the research and development of so many different fields, while also allowing for a more equitable distribution of wealth generated from that R&D,” he said.

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Animal spirits in markets risk running too far

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Now would be a good time for investors to curb their enthusiasm, just a little. This year has begun with the bulls largely in control. Already, US stocks have risen about 4 per cent, making this one of the stronger opening months to any year in the past decade.

The re-inauguration of Donald Trump as US president has ushered in a new period of “animal spirits” among business executives, as veteran investor Stan Druckenmiller put it this week. Chief executives are “somewhere between relieved and giddy” at the election result, he told CNBC. Meanwhile, US banks are in “go-mode”, a senior JPMorgan executive told the Davos crowd, while crypto is on the cusp of entering the “banana zone”, according to its boosters. (Nope, me neither. Apparently that’s good, though, indicating prices are about to surge.)

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HSBC is sticking with the good vibes. Its multi-asset team this week outlined an “extremely positive” backdrop for risky assets in the first half of this year — a scenario it described as “Goldilocks on steroids”, quite the mental image. 

At the risk of spoiling all the fun, some market watchers — including some of the optimists — are getting a little nervous. The first big reason is the global government bond market, which has got off to a wobbly start to the year. This is not entirely a bad thing — it reflects a continuation of the US economic growth miracle. But it also reflects an expectation that inflation will continue to stick around and that the Federal Reserve will therefore struggle to keep reducing interest rates — no matter how much Trump would like it to. On the margins, it also suggests asset managers demand a somewhat higher rate of return for feeding government coffers.

Whatever your preferred narrative here, the point is that bond investors have been wrongfooted (again) and that the resulting drop in prices has pushed yields up (again). The most important benchmark of them all — the US 10-year yield — is sitting well above 4.5 per cent. That marks a recovery in prices since mid-January but is still high enough to undermine the case for loading up on stocks.

As my colleagues reported this week, US stocks have now reached their most expensive point relative to bonds in a generation. It is becoming ever harder to justify venturing further into stocks when their expected profits compared with earnings have sunk so far below the risk-free rate. 

Peter Oppenheimer, chief global equity strategist at Goldman Sachs, noted at an event at the bank’s swanky London office this week that stocks had largely shrugged off this competition from bonds so far — in large part because optimism around growth is so strong. But that leaves equities now “vulnerable to further rises in yields”.

It is mildly silly but nonetheless true that much here depends on round numbers, which act as useful psychological signposts to investors. The big test would be if US yields hit 5 per cent. At that point, one of two things would happen: the bond haters would capitulate and snap up some bargains to pull the yield back down again, or selling would intensify and every asset class would feel the pain. My strong hunch is the former.

We are not at that point yet, but as Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, put it this week, “we’re still at a critical level”. 

“We’re really getting close to the zip code where slightly slower growth and slightly higher rates become a deadly combination for the markets,” she said. As a result, she is sceptical that equities in general, and highly concentrated, highly tech-dependent US stock markets in particular, can continue the spectacular run of the past two years. Shalett is anticipating gains in US stocks of between 5 and 10 per cent this year. That is not bad, by any stretch, but it would not be a repeat of the 20 per cent-plus performance in each of the past two years.

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Another factor tapping on the alarm bells is the level of optimism itself, especially among retail investors. The American Association of Individual Investors reported that sentiment had “skyrocketed” in its latest monthly survey. Expectations that stock prices will rise over the next six months jumped by some 18 percentage points to January, the AAII said.

Even optimistic wealth managers, who advise a lot of these investors, are having a hard time holding them back. Ross Mayfield, an investment strategist for Baird Private Wealth Management, told me this week that he believes in the bull market, albeit with half an eye on bond yields, which have moved “up and to the right with no obvious reason”. But he sees anecdotal signs that the American exceptionalism theme is becoming overly entrenched among his clients. “I’m starting to get questions about whether you need to diversify at all,” he said.

None of this is a reason to run to the hills and shelter in the safest assets you can find. But the air is getting somewhat thin at these heights and the potential for slip-ups from the new US presidential administration is strong. Glassy-eyed optimism rarely ends well, no matter how muscly Goldilocks becomes.

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katie.martin@ft.com

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Ethereum (ETH) and MultiversX (EGLD) Predicted Trend Reversal, While Monsta Mash ($MASH) Gains Momentum After Hitting $1M In Presale

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Ethereum (ETH) and MultiversX (EGLD) Predicted Trend Reversal, While Monsta Mash ($MASH) Gains Momentum After Hitting $1M In Presale

Ethereum, once considered Bitcoin’s top competitor, has struggled as Bitcoin and other cryptos surged, partly boosted by President Trump’s endorsement. While Bitcoin experienced a 160% increase last year, Ether only grew by 45%. Meanwhile, the EGLD network is making strides with innovative decentralized applications and developer solutions, raising the question: how high can EGLD soar?Amidst this, the crypto market is buzzing with bullish momentum, shifting investor focus to emerging altcoins like Monsta Mash ($MASH). This viral newcomer is making waves with its explosive presale success and innovative gaming technology with projections of jumping to $3 and beyond. Let’s explore why $MASH might just be the top crypto to pick in the altcoin space!

Unlock Exponential Growth with Monsta Mash ($MASH) Presale

Analysts highlight $MASH’s appeal lies in its low entry price and potential for up to 1000x gains.Currently priced at $0.00365 in Phase 3 of its presale, $MASH is projected to surge to $0.00671 in the next phase. This promising trajectory is drawing significant attention from crypto whales, who are keen to capitalize on the anticipated growth. As excitement builds, $MASH continues to solidify its place as one of the top crypto to pick in the market.

Picture this: a $5,000 stake in $MASH at the presale price of $0.00365 bags you approximately $1,369,863 tokens. If $MASH climbs to $5 by 2026, your investment could skyrocket to an incredible $6,849,315. Sounds impressive, right? 

Don’t miss out, secure your spot in the $MASH revolution today!

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Maximize Your Investment with Exclusive 50% Bonus Offer on $MASH

Monsta Mash ($MASH) is setting the standard for presale excitement with irresistible bonuses. For the next 5 days only, grab a 50% bonus on your $MASH purchase using code MONSTA50; an unmissable chance to maximize your investment!

But the perks don’t stop there. Earn unlimited referral rewards by inviting others to join the movement, and stake your tokens on Mash Yield to enjoy impressive annual returns ranging from 8.5% to 19.3%.

With exclusive bonuses and unmatched rewards, $MASH is more than just a presale it’s your gateway to exponential growth. Secure your stake now in the top crypto pick and position yourself for incredible returns.

MultiversX and Ethereum: The Race for Recovery

MultiversX (EGLD) is trading at $31.25, reflecting a -1.13% drop in the past 24 hours and a 94.36% decline from its ATH. The token’s 24-hour trading volume is -26.60% down, with a market cap of $862.31M. Over the past week, EGLD has fallen -12.50%, underperforming the global crypto market (+1.80%) and Smart Contract Platform tokens (+1.30%). EGLD is predicted to surge to $39.52 by February 22, 2025

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CoinPedia’s 2025 forecast suggests EGLD could reach $67.93, with a downside potential of $21.14, averaging around $49. 

ETH has declined 0.48% over the past week, underperforming compared to the global crypto market. Currently priced at  $3,240.48, ETH’s 24-hour trading volume stands at $24.53B, reflecting a 1.24% dip in the last 24 hours.  However, ETH’s trading volume has risen by 6.50% compared to the previous day, pointing to an uptick in market engagement. Ethereum is projected to jump by 52.72%, potentially reaching $4,887.04 by February 22, 2025. Moreover Ash Crypto reports that Trump’s World Liberty Finance acquired over $58 million in ETH recently, signaling a potential price surge. Poseidon also predicts Ethereum could reach $5 by February.

Final reflections

Monsta Mash ($MASH) emerges as the leading new crypto opportunity, proving its resilience in volatile markets with rapid sales and exceptional rewards, including an engaging T2E game. Powered by an innovative GameFi framework and robust fundamentals, $MASH is poised for explosive growth, surpassing the performance of ETH and EGLD this year. Unlike the recent dips and sluggish momentum of ETH and EGLD, $MASH is on track to hit beyond $4 by 2026, delivering an impressive 300x+ ROI.

Get ready to level up!  Download the Monsta Mash beta app NOW from the Google Play Store and Apple App Store.

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Unlock your potential with $MASH;

Disclaimer: This is a sponsored article 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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US Consumer Sentiment Declines

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US consumer sentiment has declined overall in January, making it the first decline in six months. Reason for this is that there are concerns about unemployment and the impact of the potential tariffs on inflation, specifically lifting prices. Adding to that uncertainty, the new 2025 cash poor report says “58% of Americans are living paycheck to paycheck. This is a 20% increase from the prior year.” Solo Fund Co-Founder Rodney Williams explains the findings of the report on ‘Bloomberg: Markets.’ (Source: Bloomberg)

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