XRP has recently slipped below the crucial $3 mark, triggering concerns among investors and traders. This drop signals a potential shift in momentum, with analysts closely watching key support levels to assess whether the asset can rebound or face further declines. As of now, XRP is trading around $2.185, positioning itself at a critical juncture. Key Support and Resistance Levels to Watch The breakdown below $3 has transformed a significant support level into resistance. For XRP to regain its bullish stance, it must reclaim this level with substantial buying volume. Meanwhile, three major price points will likely determine its next move: $2.62 – 50-Day Moving Average This level has historically acted as support during previous corrections. A bounce here could indicate a potential reversal. However, failure to hold above this zone may result in deeper declines. $2.03 – 100-Day Moving Average This is a more substantial support level that could attract buyers looking for a stable e...

  Binance Labs Rebrands to YZi Labs Binance Labs, the venture capital arm of Binance, has officially rebranded as YZi Labs as Changpeng Zhao (CZ) shifts its focus beyond cryptocurrency. This transformation marks a new chapter for the firm as it expands its investment strategy to artificial intelligence (AI), Web3, and biotechnology while maintaining its core involvement in blockchain projects. On January 23, 2025 , YZi Labs was launched with CZ and Ella Zhang at the helm. Zhang, who previously led Binance Labs, played a pivotal role in incubating some of the biggest crypto projects, including Polygon, Injective Protocol, and Dune Analytics . Under the new structure, YZi Labs will continue to support over 250 blockchain startups while diversifying into emerging technologies. A New Vision Beyond Crypto Under its new identity , YZi Labs is no longer a direct subsidiary of Binance but rather a family office , managing an estimated $10 billion in assets for CZ and Binance co-foun...

    Massive SHIB Token Burns Ignite Excitement Shiba Inu (SHIB), the popular dog-themed cryptocurrency, has experienced an explosive surge in its burn rate, increasing by 1,014% in just 24 hours . This surge has resulted in the destruction of millions of SHIB tokens , a mechanism designed to reduce the circulating supply and potentially boost the token’s value over time. The increase in burn activity has reignited community excitement, particularly as SHIB continues its mission to transform from a meme token into a more utility-driven digital asset. According to Shibburn , a leading tracker of SHIB burns, 6,607,094 SHIB tokens were removed from circulation in the past day alone. Over the last week, a staggering 43,925,619 SHIB tokens have been permanently destroyed. These aggressive burns align with ongoing efforts to support the Shiba Inu ecosystem , which has been expanding its use cases and blockchain capabilities. SHIB Price Action: Will Burns Trigger a Rally? Despite th...

Bitcoin’s Institutional Momentum The cryptocurrency market is experiencing a significant shift as institutional investors increasingly consider Bitcoin as a hedge against economic uncertainty. BlackRock CEO Larry Fink, speaking at the World Economic Forum (WEF) in Davos , suggested that Bitcoin could reach between $500,000 and $700,000 if sovereign wealth funds and large institutional investors allocate even a small percentage of their portfolios to BTC. Fink noted that some sovereign wealth funds have begun debating whether to allocate 2% to 5% of their assets to Bitcoin. He emphasized that concerns over currency debasement, inflation, and geopolitical risks have led to greater institutional interest in Bitcoin as a global reserve asset. The Role of BlackRock in Bitcoin Adoption BlackRock has played a pivotal role in expanding Bitcoin adoption through its iShares Bitcoin Trust (IBIT) ETF . Since its launch, IBIT has attracted over $60 billion in assets , making it one of the most s...

The cryptocurrency market has once again been impacted by Donald Trump and Melania Trump-themed memecoins, which have surged in popularity and trading volume. This unexpected wave has had a significant effect on blockchain infrastructure, exchange platforms, and even liquidity providers. The memecoins, $TRUMP and $MELANIA, have triggered congestion on the Solana network, led to new CFD offerings, and pushed Bitcoin to new highs amid speculation surrounding Trump’s pro-crypto stance. Solana Faces Congestion Amid Trump Memecoin Hype The launch of $TRUMP and $MELANIA coins caused an unprecedented surge in activity on the Solana blockchain, leading to network congestion, transaction failures, and delays. Popular Solana-based services such as Phantom, Jito, and Jupiter faced severe strain, with Phantom handling over 8 million requests per minute. Even centralized exchanges like Binance, Robinhood, and Coinbase experienced infrastructure overload due to high trading volume. Coinbase CEO Bria...

  The Solana blockchain recently experienced significant congestion as interest in Donald Trump and Melania Trump-themed memecoins skyrocketed. The unexpected surge in transactions overwhelmed the network, causing delays, failed transactions, and increased pressure on both decentralized (DEX) and centralized (CEX) platforms , including Coinbase, Binance, and Phantom Wallet . Solana’s Network Struggles Amid Record Activity 🔹 Massive transaction load – Phantom, a leading Solana wallet provider, reported 8 million requests per minute , exceeding capacity and causing transaction failures. 🔹 Solana’s 24-hour DEX trading volume hit $23.7 billion , a record high, surpassing Ethereum and its Layer-2 networks combined . 🔹 Solana’s native token, SOL, surged to $294 , marking an all-time high , before correcting to $260. 🔹 Coinbase CEO Brian Armstrong acknowledged the surge , stating that Coinbase's Solana infrastructure was under strain and efforts were underway to scale operations. T...

  Binance Gains Regulatory Approval in Uzbekistan Binance has successfully secured regulatory authorization to operate in Uzbekistan through a strategic partnership with COINPAY LLC . This agreement enables Binance to provide its services via coinpay.uz , allowing local users to deposit and withdraw funds in Uzbekistani som through bank cards and national payment systems. Kyrylo Khomyakov, Binance’s Regional Head for Central and Eastern Europe, Central Asia, and Africa, emphasized the significance of this move: "This milestone underscores Binance’s commitment to working closely with local authorities to foster a regulated, innovative environment for cryptocurrencies." The National Agency of Perspective Projects (NAPP) , which oversees Uzbekistan’s crypto regulations, played a crucial role in this collaboration. NAPP also regulates capital markets, insurance, and e-commerce sectors, working towards a competitive and investor-friendly financial ecosystem . What This Means for U...

  Bitcoin has reclaimed the $102,000 mark, sparking debates about whether the rally will continue toward $106,888 or face a pullback. Analysts suggest that BTC must flip $102K into support for sustained growth, while some caution that resistance at this level could lead to weeks of sideways movement . Bitcoin’s Short-Term Outlook $102K Resistance Zone: Analysts from Stockmoney Lizards warn that $102K is a key resistance level , making it the “hardest nut to crack.” If BTC cannot establish this as support, it may trade sideways between $90K and $100K in the coming weeks. Bullish Momentum: Bitcoin has maintained seven consecutive days of gains , forming a bullish engulfing pattern that pushed prices beyond the $100K milestone. However, overhead resistance has led to minor pullbacks. Strategic Bitcoin Reserve Speculation: There is growing market speculation about a U.S. strategic Bitcoin reserve , which, if confirmed, could send BTC soaring. However, analysts at Polymarket e...

  Summary : The cryptocurrency market is facing significant headwinds, with Bitcoin (BTC) dipping below $96,000 for the first time in weeks. The drop, triggered by the Federal Reserve's cautious stance on interest rate cuts, has led to $680 million in outflows from Bitcoin ETFs and $800 million in market-wide liquidations. Key Developments in Bitcoin ETFs U.S. spot Bitcoin ETFs experienced $680 million in outflows on Dec. 19, breaking a 15-day streak of inflows that totaled $6.7 billion. Fidelity’s FBTC led the outflows with $208.55 million, followed by Grayscale’s Bitcoin Mini Trust ($188.6 million) and ARK 21Shares’ ARKB ($108.35 million). Despite outflows, trading volume surged to $6.31 billion, highlighting heightened market activity amid volatility. Ethereum ETFs also saw outflows of $60.47 million, though cumulative inflows for the year remain positive at $2.4 billion. Market-Wide Liquidations and Volatility Over $846 million was liquidated in the past 24 hours, impacting nea...