π Standard Chartered Slashes ETH Price Target to $4K π
Standard Chartered has cut its 2025 ETH price target from $10K to $4K, blaming Layer 2 dominanceβespecially Base, which has allegedly drained $50B from Ethereumβs market cap. π°
π΅οΈββοΈ Analysts say Ethereum has βcommoditized itselfβ by enabling Layer 2s to extract profits, while ETHβs fee structure struggles. Potential solutions? Tax L2s or economic reformsβbut neither seem likely.
Despite the cut, ETH could still hit $7.5K by 2028-2029. Until then, ETH/BTC is expected to decline further. Is Ethereum in a midlife crisis? π€
Standard Chartered has cut its 2025 ETH price target from $10K to $4K, blaming Layer 2 dominanceβespecially Base, which has allegedly drained $50B from Ethereumβs market cap. π°
π΅οΈββοΈ Analysts say Ethereum has βcommoditized itselfβ by enabling Layer 2s to extract profits, while ETHβs fee structure struggles. Potential solutions? Tax L2s or economic reformsβbut neither seem likely.
Despite the cut, ETH could still hit $7.5K by 2028-2029. Until then, ETH/BTC is expected to decline further. Is Ethereum in a midlife crisis? π€
π6π€3β€1
Trump & Associates Secure $390M from WLFI Token Sale π°π
Trump and his partners have already netted $390M from the World Liberty Token (WLFI) sale, as the project raised $550M in total. Trump, though just a promoter, gets 75% of net revenues for his name and likeness. π
WLFI initially struggled, selling only $15M before the 2024 election. But after Trump won, demand skyrocketedβJustin Sun even bought in and became an advisor. π§βπ»
Meanwhile, questions arise about conflicts of interest as Trumpβs administration shapes crypto regulations. Will this impact the market? π€
Trump and his partners have already netted $390M from the World Liberty Token (WLFI) sale, as the project raised $550M in total. Trump, though just a promoter, gets 75% of net revenues for his name and likeness. π
WLFI initially struggled, selling only $15M before the 2024 election. But after Trump won, demand skyrocketedβJustin Sun even bought in and became an advisor. π§βπ»
Meanwhile, questions arise about conflicts of interest as Trumpβs administration shapes crypto regulations. Will this impact the market? π€
β€3π3
β οΈ Microsoft has identified a new remote access trojan (RAT) targeting crypto wallets in Google Chrome!
π₯· This sophisticated malware named StilachiRAT steals credentials, digital wallet information, and clipboard data, posing a significant threat to users of popular wallet extensions like MetaMask, Coinbase Wallet, Trust Wallet, OKX Wallet, Bitget Wallet, and Phantom! π
π StilachiRAT employs advanced evasion techniques, including clearing event logs and detecting virtual environments, making it difficult to analyze and detect.
To protect your assets, ensure your software is up-to-date, use strong, unique passwords, enable two-factor authentication, and be cautious of phishing attempts and untrusted downloads.
π₯· This sophisticated malware named StilachiRAT steals credentials, digital wallet information, and clipboard data, posing a significant threat to users of popular wallet extensions like MetaMask, Coinbase Wallet, Trust Wallet, OKX Wallet, Bitget Wallet, and Phantom! π
π StilachiRAT employs advanced evasion techniques, including clearing event logs and detecting virtual environments, making it difficult to analyze and detect.
To protect your assets, ensure your software is up-to-date, use strong, unique passwords, enable two-factor authentication, and be cautious of phishing attempts and untrusted downloads.
π4πΎ2
Trump to Sign Executive Orders β Market Turbulence Ahead? π§
Donald Trump is set to sign several executive orders at 19:30 UTC, according to Bloomberg. π
Given recent market reactions to his decisions, investors should brace for potential volatility, especially in crypto, which has been relatively calm in recent days. ππ
Will this shake up the markets again? Stay tuned!
Donald Trump is set to sign several executive orders at 19:30 UTC, according to Bloomberg. π
Given recent market reactions to his decisions, investors should brace for potential volatility, especially in crypto, which has been relatively calm in recent days. ππ
Will this shake up the markets again? Stay tuned!
π5π2
π The Bull Market Is Over?
π CryptoQuant CEO claims that all on-chain metrics indicate the start of a bearish cycle, predicting 6β12 months of a bear market or sideways movement.
πΉ Standard Chartered has lowered its ETH target from $10,000 to $4,000, though they still believe Bitcoin could hit $200,000 in 2025.
What do you think?
π β Sideways market ahead
π³ β More growth to come
π CryptoQuant CEO claims that all on-chain metrics indicate the start of a bearish cycle, predicting 6β12 months of a bear market or sideways movement.
πΉ Standard Chartered has lowered its ETH target from $10,000 to $4,000, though they still believe Bitcoin could hit $200,000 in 2025.
What do you think?
π β Sideways market ahead
π³ β More growth to come
π15π³3
π Bitcoin Ready to Soar?
Yesterday, spot Bitcoin ETFs saw a $274.6M net inflow βthe largest since February 4. π°
Maybe CryptoQuantβs CEO was wrong about the bear market? π€
πΉ Michael Saylor believes $80,000 is a historic entry point with no more risks. He says BTC is officially approved by the U.S. President and is poised for explosive growth.
π‘ Bitcoin: The one asset the U.S. government wonβt sell even if confiscated.
Yesterday, spot Bitcoin ETFs saw a $274.6M net inflow βthe largest since February 4. π°
Maybe CryptoQuantβs CEO was wrong about the bear market? π€
πΉ Michael Saylor believes $80,000 is a historic entry point with no more risks. He says BTC is officially approved by the U.S. President and is poised for explosive growth.
π‘ Bitcoin: The one asset the U.S. government wonβt sell even if confiscated.
π10
SEC Reconsiders Crypto Custody Rule Under New Leadership
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.π
π The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto. π₯
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.π
π The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto. π₯
π6
π Glassnode: Long-term Bitcoin holders are actively accumulating! In just one month, nearly 170,000 BTC were purchased!
π This indicates strong confidence in Bitcoin's future, with long-term investors increasing their positions despite market fluctuations. Looks like the trend is bullish! π
π This indicates strong confidence in Bitcoin's future, with long-term investors increasing their positions despite market fluctuations. Looks like the trend is bullish! π
π5π€·ββ4
Yesterday, Strategy acquired 130 BTC for $10.7M at an average price of $82,981 per BTC. π°
Compared to their previous massive purchases, this one looks almost microscopic. π§
CryptoQuant analysts joked that itβs like buying BTC when you "havenβt received your paycheck yet but canβt resist." π
Even Peter Schiff couldnβt stay silent, sarcastically commenting: "Is that all you bought? Seems like you are running out of firepower."
As of March 16, Strategy holds 499,226 BTC worth $33.1B at an average price of $66,360 per coin. π
Compared to their previous massive purchases, this one looks almost microscopic. π§
CryptoQuant analysts joked that itβs like buying BTC when you "havenβt received your paycheck yet but canβt resist." π
Even Peter Schiff couldnβt stay silent, sarcastically commenting: "Is that all you bought? Seems like you are running out of firepower."
As of March 16, Strategy holds 499,226 BTC worth $33.1B at an average price of $66,360 per coin. π
π₯7π1
π§ͺ EOS is transforming into Vaulta
EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi.
The market reacted fast π₯ β EOS +28%! π
EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi.
The market reacted fast π₯ β EOS +28%! π
π5β€1π₯1
π³ New whales are here!
According to CryptoQuant, fresh Bitcoin whales have accumulated over 200,000 BTC ($16.3B) in the last month.
These are wallets holding 1,000+ BTC that have been investing in Bitcoin for less than 6 months.
Seems like the big players are making their movesβare you? ππ
According to CryptoQuant, fresh Bitcoin whales have accumulated over 200,000 BTC ($16.3B) in the last month.
These are wallets holding 1,000+ BTC that have been investing in Bitcoin for less than 6 months.
Seems like the big players are making their movesβare you? ππ
π5π³1
Crypto soothsayer
π§ͺ EOS is transforming into Vaulta EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi. The market reactedβ¦
β οΈ Warning: EOS Address Spoofing Attack!
SlowMist reports an ongoing attack in the EOS network where scammers are creating fake accounts resembling OKX and Binance. They send small amounts (0.001 EOS) to users with the goal of tricking them into making transactions, leading to stolen funds. ππ°
Be cautious, double-check addresses before interacting with any EOS transactions, and stay alert! π₯
SlowMist reports an ongoing attack in the EOS network where scammers are creating fake accounts resembling OKX and Binance. They send small amounts (0.001 EOS) to users with the goal of tricking them into making transactions, leading to stolen funds. ππ°
Be cautious, double-check addresses before interacting with any EOS transactions, and stay alert! π₯
π7πΎ1
π Ethereum's Stablecoin Dominance Grows!
Ethereum continues to lead the stablecoin market, hosting a whopping $35B in USDC and $67B in USDT. π°
In February alone, stablecoin activity reached $850B, with USDC and USDT driving $740B of that volume. πͺ
Despite market fluctuations, Ethereum remains the go-to blockchain for stablecoins, showcasing its role as the primary settlement layer for digital dollar transactions.ππΈ
Ethereum continues to lead the stablecoin market, hosting a whopping $35B in USDC and $67B in USDT. π°
In February alone, stablecoin activity reached $850B, with USDC and USDT driving $740B of that volume. πͺ
Despite market fluctuations, Ethereum remains the go-to blockchain for stablecoins, showcasing its role as the primary settlement layer for digital dollar transactions.ππΈ
π5π₯1
Crypto soothsayer
Yesterday, Strategy acquired 130 BTC for $10.7M at an average price of $82,981 per BTC. π° Compared to their previous massive purchases, this one looks almost microscopic. π§ CryptoQuant analysts joked that itβs like buying BTC when you "havenβt receivedβ¦
π Institutional Bitcoin Adoption Grows!
In just two years, the number of public companies holding BTC on their official treasury balance sheets has jumped from 33 to 80! π
More businesses are embracing Bitcoin strategies, reinforcing its role as a legitimate treasury asset. Will this trend continue as institutions seek a hedge against inflation? π€
In just two years, the number of public companies holding BTC on their official treasury balance sheets has jumped from 33 to 80! π
More businesses are embracing Bitcoin strategies, reinforcing its role as a legitimate treasury asset. Will this trend continue as institutions seek a hedge against inflation? π€
π7π₯2β€1
Ethereum has seen a rapid price surge, briefly reaching over $2023! π
Currently, ETH is struggling to stay above $2000, with a potential correction on the horizon.
Despite this, the sharp upward movement is significant β could this be the beginning of Ethereum's revival? Time will tell if this momentum can be sustained. π
Currently, ETH is struggling to stay above $2000, with a potential correction on the horizon.
Despite this, the sharp upward movement is significant β could this be the beginning of Ethereum's revival? Time will tell if this momentum can be sustained. π
π₯11
π΅οΈββοΈ ZachXBT, an on-chain detective, claims that hacks and money laundering are far too easy, with exchanges and protocols responding far too slowly. π
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. π€·
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. π§
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. π€·
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. π§
π₯8
π Big win for Ripple!
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? π€π₯
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? π€π₯
πΎ10π1
π’ Jerome Powell (Fed Chair) on the U.S. Economy
πΉ The U.S. economy remains strong, and the labor market is stable.
πΉ Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
πΉ Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
πΉ The Fed is in no rush to change interest rates and is closely monitoring the situation.
πΉ If the labor market weakens, monetary policy could be adjusted.
πΉ The Fed decided to slow down the pace of balance sheet reduction (QT).
π Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
πΉ The U.S. economy remains strong, and the labor market is stable.
πΉ Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
πΉ Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
πΉ The Fed is in no rush to change interest rates and is closely monitoring the situation.
πΉ If the labor market weakens, monetary policy could be adjusted.
πΉ The Fed decided to slow down the pace of balance sheet reduction (QT).
π Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
π8
Bitcoin Demand Surges π
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. π€
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. π°
π Source: CryptoQuant
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. π€
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. π°
π Source: CryptoQuant
π₯9