SEC postpones #Fidelity's #EthereumETF to March 5, 2024, citing the need for thorough consideration.

Delayed approval sparks expected reactions; analysts predict a 70% chance of #Ethereum #ETF approval in May 2024.
https://coinpedia.org/news/fidelitys-proposed-spot-ethereum-etf-delayed-until-march/

#Bitcoin faces downturn post-#ETF approval; potential reasons include hype fatigue, GBTC profit-taking, and market misalignment.

JP Morgan warns of ongoing profit-taking, estimating up to $3 billion outflows from GBTC, impacting Bitcoin.
https://coinpedia.org/news/will-bitcoin-price-continue-to-face-more-downturn-jp-morgan-warned-investors/

🔵 #Bitcoin (BTC) dropped below $42,000, marking the overall market's first significant dip since December 2023.

🔵 Other major #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) also experienced losses.

🔵 Conflux (CFX) saw a small gain, while Helium (HNT) had the biggest loss, over 13 percent.

🔵 The global #ryptomarket cap was $1.62 trillion, showing a 24-hour loss of 3.23 percent.

#BTC declined 4.5%, hitting a one-month low at $40,800, reflecting a broader 4.6% decline in CoinDesk 20 Index. #CryptoNews

Despite initial excitement over approved #BitcoinETFs, contrasting flows pose complexity; potential short-term pressure on #Bitcoin price. #CryptoNews
https://coinpedia.org/news/why-did-the-bitcoin-price-drop-below-41k/

South Korean regulators maintain strict control on local financial institutions, barring them from #cryptocurrency involvement.

Yongsan Presidential Office urges regulators to reconsider anti-ETF stance, seeking changes to align with global practices. #Cryptonews
https://coinpedia.org/news/south-koreas-republic-of-korea-urges-financial-regulators-to-reconsider-its-anti-etf-stance/

#Ripple's CTO, David Schwartz, clarifies concerns about missing XRPL genesis block, drawing parallels with #Ethereum's beginnings.

Schwartz addresses #XRPL's technical issues, assuring users missing ledgers resulted from bugs, not hidden information. #CryptoNews
https://coinpedia.org/news/ripple-cto-david-schwartz-solves-the-xrpl-genesis-1-32569-block-mystery/

#Ripple's CTO, David Schwartz, discusses bold moves, expressing preference for Ripple shares over #XRP holdings.

Ripple faces scrutiny for large XRP sales; Schwartz considers options, cautious about burning escrow for benefits. #CryptoNews
https://coinpedia.org/news/ripples-cto-chooses-ripple-shares-over-xrp-an-inside-look/

#Bitcoin's price remains stable around $42,000 post-spot #ETF approval, with increased flows into #Coinbase. #Cryptonews
Concerns arise over the Coinbase Premium Gap, indicating potential selling pressure and signaling Bitcoin downturns.
https://coinpedia.org/news/what-else-can-impact-bitcoin-price-heres-the-reality-check-on-etf-mania/

Hong Kong's Venture Smart Financial plans to launch a spot #BitcoinETF, targeting $500 million assets.

If approved by the SEC, Hong Kong could become a major #Bitcoin #ETF trading hub. #Cryptonews
https://coinpedia.org/news/hong-kongs-vsfg-is-launching-their-first-spot-bitcoin-etf-fund/

Egrag #Crypto predicts XRP could reach $5 in 3 months, citing chart analysis and key factors. #CryptoNews

Emphasizes caution due to potential volatility, warns against excessive leveraging, sees a rare buying opportunity.
https://coinpedia.org/news/xrp-price-poised-for-10x-rally-in-next-3-months-only-if-this-happens/

#ICP token faces resistance, records corrections, RSI declines, potential breakout or further decline analyzed.

RSI decline signals selling pressure; bullish above $12.219, bearish below, aiming $8.801 support. #Cryptomarket
https://coinpedia.org/price-analysis/internet-computer-hints-bearish-influence-icp-price-to-record-15-correction-soon/

#Crypto industry faces intense buying and selling pressure; #AVAX records consistent correction, signaling bearish influence.

MACD signals increased selling pressure; bullish above $35, bearish below, targeting $27.46 support. #Cryptomarket
https://coinpedia.org/price-analysis/avalanche-price-tumbles-again-avax-price-to-record-10-correction-soon/

#ADA and web3 tokens gain traction on #Binance and #Coinbase; potential rally to $7 predicted. #Cryptomarket

ADA's robust liquidity, layer 2 project Hydra, and diverse #DeFi platforms showcase ongoing innovation.
https://coinpedia.org/price-analysis/cardano-ada-price-can-surge-above-1-if-this-historical-pattern-repeats/

Analyst Rekt Capital discusses potential scenarios, highlighting historical parallels, and addressing pre-#halving retracement concerns.

Analysis points to a shallow retracement around $46,000, with potential for new all-time highs. #Cryptomarket
https://coinpedia.org/price-analysis/bitcoins-pre-halving-analysis-btc-price-might-see-potential-retracement-of-20-30/

The landscape of crypto unicorns is more dynamic than ever!

Here's a snapshot of the top 10 giants leading the charge in the blockchain and cryptocurrency space in 2023, as presented by CoinPedia.

From exchange platforms to security services, these unicorns are redefining the financial frontier with impressive valuations and substantial VC backing.



#Unicorns #Blockchain #Crypto #Web3 #Coinpedia #Funding

SEC expeditiously reviews spot #BitcoinETF options, potential approval by end of February, accelerated timeline highlighted.

Multiple filings, including #NYSE Arca and #Nasdaq, seek options approval for #Bitcoin ETFs, public comments invited.
https://coinpedia.org/news/the-sec-may-approve-bitcoin-etf-options-in-february/

🔵 Global #cryptomarket cap: $1.64 trillion, up 0.75% in the last day.

🔵 Total #crypto market volume in the last 24 hours: $59.71 billion, down by 8.36%.

🔵 #DeFi (Decentralized Finance) volume: $6.68 billion, representing 11.19% of the total crypto market 24-hour volume.

🔵 #Stablecoins volume: $53.96 billion, making up 90.37% of the total crypto market 24-hour volume.

🔵#Bitcoin's dominance: 49.79%, increased by 0.13% over the day.

Bloomberg analyst, Elliott Stein, predicts a 70% chance of #Coinbase winning SEC legal dispute over securities. #crypto

Coinbase denies SEC's claims, strong legal defense expected, optimistic outlook for a complete dismissal by Q2 2024.
https://coinpedia.org/news/coinbase-vs-sec-analyst-predicts-70-chance-of-legal-victory-for-coinbase/

#Ripple opposes SEC motion, citing untimeliness and lack of relevance, emphasizing potential unfairness and delays. #Crypto

Insights from James K. Filan & WrathofKahneman highlight Ripple's strategic objections, community reactions vary on Twitter.
https://coinpedia.org/news/ripple-vs-sec-ripple-has-filed-its-response-opposing-the-secs-motion-to-compel/

Third Circuit orders independent examiner for #FTX bankruptcy, emphasizing transparency and $10 billion misappropriation allegations.

Ruling impacts global investors, #cryptocurrency industry; FTX's downfall faces scrutiny with Sam Bankman-Fried's sentencing in March.
https://coinpedia.org/news/ftx-lawsuit-update-appeals-court-appoints-independent-examiner-for-ftxs-bankruptcy-storm/

#ArkInvest, led by Cathie Wood, sold 510,337 BITO shares, redirecting focus and investment to ARKB. #CryptoNews

This strategic move, part of a broader rebalancing, aimed to consolidate efforts on their #BitcoinETF.
https://coinpedia.org/news/ark-invest-offload-susbtsnatial-amount-of-proshares-bitcoin-etf/