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Sports Platform DAZN Gets $1.1 Billion Loan for Foxtel Takeover

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British sports streaming platform DAZN Group Ltd. has lined up a A$1.8 billion ($1.1 billion) loan to finance its acquisition of pay-television and streaming company Foxtel Group in Australia, according to people familiar with the matter.

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Claude will eventually start speaking up during your chats

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Claude will eventually start speaking up during your chats

  • Anthropic CEO has promised several updates to Claude, including one that gives it memory.
  • This means the AI can remember things and bring it up in future conversations.
  • It remains to be seen how this performs and is slated to arrive in the coming months.

The Claude AI chatbot will receive major upgrades in the months ahead, including the ability to listen and respond by voice alone. Anthropic CEO Dario Amodei explained the plans to the Wall Street Journal at the World Economic Forum in Davos, including the voice mode and an upcoming memory feature.

Essentially, Claude is about to get a personality boost, allowing it to talk back and remember who you are. The two-way voice mode promises to let users speak to Claude and hear it respond, creating a more natural, hands-free conversation. Whether this makes Claude a more accessible version of itself or will let it mimic a human on the phone is questionable, though.

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Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next?

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Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next?

Ethereum has been consolidating in a tight price range for several months, trading between $3,200 and $3,500. Despite the broader market’s recent upward movement, ETH still struggles to break out of this range.

This stagnation comes after a prolonged decline from its all-time high of $4,800, recorded in late 2021. The cryptocurrency is now down roughly 32% from this peak.

Notably, even the appointment of the new pro-crypto administration and a renewed sense of regulatory clarity have done little to propel Ethereum beyond its current resistance levels.

Amid these market conditions, ShayanBTC, a contributor to CryptoQuant’s QuickTake platform, has highlighted a critical metric that could signal an impending price move for ETH.

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Elevated Leverage Ratios In Ethereum And Its Implications

According to Shayan in a recent analysis uploaded on the CryptoQuant QuickTake platform, the Estimated Leverage Ratio of Ethereum—a measure of the average leverage used by futures market participants—has been climbing steadily so far.

This rise as reported by Shayan reflects an increased willingness among traders to take on risk, even as Ethereum’s price remains stuck in consolidation. With leverage at elevated levels, the stage may be set for a significant price swing, though its direction remains uncertain. Shayan noted:

The impending breakout from this range, driven by the high-leverage environment, is expected to trigger a significant and impulsive price move.

Shayan elaborated that as more traders take on higher leverage, the market becomes more susceptible to sharp price movements. This is because if these leveraged positions are liquidated—either through a short or long squeeze—it could trigger a sudden and significant price adjustment.

The ongoing consolidation around $3,200–$3,500 has heightened interest in what lies ahead for Ethereum. The CryptoQuant analyst wrote:

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Given the prevailing market sentiment, a bullish breakout appears more probable. However, traders should monitor the leverage ratio closely, as any abrupt change could lead to unexpected volatility and liquidations.

ETH Market Performance

At the time of writing, ETH trades at $3,282, declining by 0.1% in the past 24 hours. Interestingly, despite this lackluster performance from ETH, the asset’s daily trading volume in the past week has been quite positive.

Ethereum (ETH) price chart on TradingView

Last Wednesday, ETH’s trading volume sat below $20 billion, however as of today, Ethereum’s daily trading volume hovers above $24 billion. This is quite an opposite trend especially when compared to ETH’s market performance over the same period.

According to Javon Marks, a renowned crypto analyst on X, Ethereum appears to be on the verge of a significant rally to $12,000 due to a similar performance to the Fib Level as it did in a previous bull cycle.

Featured image created with DALL-E, Chart from TradingView

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Donald Trump’s 2025 Inauguration: A New Reality

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Trump building city

The election of Donald Trump promises a new era for digital assets characterized by greater regulatory certainty and a surge in market activity. The question now is whether this shift is sustainable, or a temporary reaction to the political climate.

According to CCData’s latest Exchange Review report, aggregated spot and derivatives volumes, the most common measure evaluated for market participation, recorded a new yearly high in 2024, greatly exceeding the previous record set in 2021 ($75 trillion vs $64 trillion). With the election driving market activity and speculation, November and December were both record-breaking months for volumes, with $10.51 trillion and $11.31 trillion in monthly volumes, respectively. For context, the 2024 average (the biggest year on record) was roughly $6.4 trillion.

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Concurrently, stablecoins reached a total market cap of $210.1 billion, its highest ever point, on inauguration day, according to DeFiLlama. This reflects a YTD increase of 3.3% thus far, on the back of improved liquidity conditions across both centralized and decentralized exchanges, supporting the influx of fresh volumes seen in the last few months.

Assets “made in the USA” have been doing particularly well. These have been an outlier since the election, where a permissive regulatory environment, and the promise of more favourable conditions for US-based assets, have generated significant investor interest and speculation. Coins such as XRP, SOL, XLM and ALGO, which have a strong U.S.- affiliation, have seen outsized returns. Per CCData, the basket associated with these coins is up over 360%, outpacing the market by a sizeable margin. This marks an about-turn from the previous administration’s regulatory clampdown, which kept these under scrutiny for many years as they were ultimately deemed securities by the SEC.

Whether this unprecedented growth continues will depend heavily on the new Trump administration’s execution of its promises on a Strategic Bitcoin Reserve, incentives for domestic bitcoin mining, and other issues. The broader market may also benefit as we enter into the expansionary phase of the bitcoin four-year historical cycle, which tends to see explosive growth in the final year.

It will be interesting to see whether this new administration will impact the market cycles to which the cryptocurrency sector has grown accustomed, or whether it will mark a significant departure from historical trends.

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Why Analysts Think Solana (SOL) Could See Big Correction But Remittix (RMX) To Skyrocket

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Why Analysts Think Solana (SOL) Could See Big Correction But Remittix (RMX) To Skyrocket

Solana (SOL) has entered 2025 on a strong note, posting gains on both a monthly and weekly basis. However, Solana (SOL) remains criticized for its ecosystem rate of inflation and network outages that have plagued the platform. Meanwhile, Remittix is amassing popularity among investors for its pragmatic approach to solving issues in the cross-border payment space. Packing plenty of utility for investors, businesses and individuals, this project is poised to disrupt the PayFi space in 2025. So what are the key features that are drawing so many to Remittix and how will Solana fare over the next quarter?

Solana (SOL) Posts Strong Gains In January 

Solana (SOL) had a slow 2024, causing impatience among many holders, though it has caught a second wind in the first few weeks of January. Solana’s net gain now stands at 61% over the last month with most of that increase over just the last week. Solana’s market cap has stormed back past $100 billion now settling on $124.51 billion. Though it’s not clear how much further Solana (SOL) could go. Despite its successes, some critics of Solana (SOL) are still skeptical of its growth, believing it may face corrective price action in the near future.

A New Era for Cross-Border Payments

Via the powerful Remittix (RTX) platform, users can convert over 40 cryptocurrencies into fiat currencies and transfer funds directly to global bank accounts. Unlike traditional systems laden with hidden fees and unpredictability, Remittix operates with a flat rate pricing model, ensuring that recipients receive exactly what is sent. This straightforward approach and the cost effective structure make Remittix an appealing option for both personal and business use.

Crypto Payment Adoption for Businesses

Remittix also offers powerful tools for businesses to embrace cryptocurrency as a viable payment option. The Remittix Pay API is an impressive piece of technology, enabling companies to accept crypto payments from their customers while settling transactions in fiat and transferring the funds to their desired bank account. This solution is particularly ideal for individuals and businesses who are aware of the potential of the cryptocurrency market and customer base, but who do not feel comfortable navigating its complexities.

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User Privacy

Another key feature of Remittix (RTX) is its focus on user privacy. Transactions processed through Remittix arrive as conventional bank transfers, completely hiding their cryptocurrency origins. This approach offers both individuals and businesses greater confidence in adopting blockchain solutions without attracting unwanted attention. This is particularly helpful in industries where crypto payments may carry some stigma.

Remittix Presale Surpasses $4 Million Raised

Currently in its presale phase, Remittix (RTX) is demonstrating potential having already raised over $4 million and maintaining its strong momentum. Tokens are available for $0.0228 and analysts expect an explosive 800% price surge for the token by the time the presale ends and a potential 5,000% spike post launch.

With its practical approach to real world issues, Remittix (RTX) is positioning itself as a major player in the prosperous global cross-border payments market. For those who want to be a part of the next big thing in DeFi, this is not a project to sleep on.

Discover the future of PayFi with Remittix by checking out their presale here:

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Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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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Trump Downplays National Security Risk Posed by TikTok

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In an interview with Fox News, President Trump downplayed the threat of China using TikTok to spy on Americans. Trump suggested all electronic products manufactured in China could carry a risk, adding that the social media app was not the most serious of them. “Is it that important for China to be spying on young people, on young kids, watching crazy videos?” Trump said. (Source: Bloomberg)

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Google buys part of HTC’s XR business for $250 million

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Google buys part of HTC's virtual reality unit for $250 million

Google has agreed to acquire a part of HTC’s extended reality (XR) business for $250 million, expanding its push into virtual and augmented reality hardware following the recent launch of its Android XR platform.

The deal involves transferring some of the HTC VIVE engineering staff to Google and granting non-exclusive intellectual property rights, according to the Taiwanese firm. HTC will retain rights to use and develop the technology.

The transaction marks the second major deal between the companies after Google’s $1.1 billion purchase of HTC’s smartphone unit in 2017.

Google said the acquisition will accelerate Android XR platform development across headsets and glasses. The move comes as tech giants race to establish dominance in XR technology, with Apple and Meta maintaining their lead in the virtual reality market.

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Google and HTC will explore additional collaboration opportunities, they said.

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North Dakota bill seeks to cap crypto ATM transactions to tackle fraud

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North Dakota’s lawmakers have introduced a bill aimed to combat crypto ATM transactions after 103 state residents reported $6.5 million in losses to crypto scams in 2023.

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Netflix will now charge you $17.99 for a subscription after adding nearly 19 million new sign-ups in Q4 thanks to Squid Game and live sports

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Netflix will raise prices across the board for its U.S. customers by between $1 and $2.50 per month, banking on the appeal of a new season of “Stranger Things” to draw in more viewers. Read More

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No official confirmation on SOL and XRP futures despite CME leak

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No official confirmation on SOL and XRP futures despite CME leak

After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet.

The Chicago Mercantile Exchange, a global leader in derivatives trading, may be gearing up to introduce futures contracts for Solana (SOL) and Ripple (XRP) as early as Feb. 10, according to a leaked page from their beta website. While the page was quickly removed, it detailed key specifications for the contracts.

However, Fox Business journalist Eleanor Terrett reported that a CME spokesperson described the beta website as a draft environment used for mock-ups, which was mistakenly made public. 

“No official decisions have yet been made about launching futures contracts for either token,” the spokesperson clarified.

James Seyffart, a Bloomberg ETF analyst, commented on the leak, stating, “Honestly, it makes sense and is largely to be expected if true.”

According to the leaked details, the futures contracts for both Solana and XRP would be available in standard and micro sizes.

Solana’s standard contracts would feature a 500 SOL lot size, with micro contracts reduced to 25 SOL. Similarly, XRP’s standard futures contracts would involve 50,000 XRP per lot, with micro contracts sized at 2,500 XRP.

All contracts are expected to settle in U.S. dollars, making them convenient for institutional players wary of dealing with direct crypto settlements.

The reelection of Donald Trump and the resignation of former SEC Chair Gary Gensler have led to renewed optimism among investors, with firms racing to bring products like Solana and XRP ETFs to market.

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ProShares, for example, submitted a Solana futures ETF application on Jan. 17, while WisdomTree filed for an XRP ETF in December 2024. Other firms, including Bitwise, 21Shares, and Canary Capital, are also vying to introduce various ETFs.

Seyffart noted that the availability of Solana futures on CME could address questions about whether the current Solana futures market—dominated by Coinbase—has the necessary liquidity for such products. “I’m not sure if the Coinbase SOL futures are large and liquid enough,” Seyffart remarked in an earlier tweet.

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Canon’s new RF 16-28mm F2.8 wide-angle zoom lens impressed me, but I’m less convinced we need it

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Canon RF 16-28mm F2.8 IS STM lens in the hand

  • It’s an ultra-wide zoom lens designed for full-frame cameras like the Canon EOS R8
  • Practically identical design to the RF 28-70mm F2.8 IS STM
  • A £1,249 list price – we’ll confirm US and Australia pricing asap

Canon has unveiled its latest ultra-wide angle zoom lens for it’s full-frame mirrorless cameras, the RF 16-28mm F2.8 IS STM, and I got a proper feel for it during a hands-on session hosted by Canon ahead of its launch.

It features a bright maximum F2.8 aperture across its entire 16-28mm range, and is a much more compact and affordable option for enthusiasts than Canon’s pro RF 15-35mm F2.8L IS USM lens. Consider the 16-28mm a sensible match for Canon’s beginner and mid-range full-frame cameras instead, such as the EOS R8.

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