🦎🚀 A bold prediction! 📈

Tuesday, January 9, 2024

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$200K by the End of 2025?

While the financial sector anticipates the approval of Bitcoin spot ETF applications, Standard Chartered Bank made a Monday prediction that Bitcoin's price could surpass $200,000 by the end of 2025.

Geoffrey Kendrick, the head of financial research at Standard Chartered Bank, noted, "If ETF-related inflows materialize as we expect, we think an end-2025 level closer to [$200,000] is possible," in a note to investors.

In other news, VanEck and Bitwise are preparing over $200 million in anticipation of the ETF approval, Upbit has secured a significant license in Singapore, and Starknet now accepts STRK as a form of payment for transaction fees.

Read on!

Which Countries Are Most Interested in Bitcoin ETFs?

Luxembourg, St. Helena, Singapore, and Switzerland lead global interest in Bitcoin ETFs, with search interest scores in the 90th percentile.

While the US managed to make it into the top 15 global ranking, it only scored 45 and tied with Portugal and Australia.

24h Hot Searches Worldwide 🔥

Biconomy (+3.4%)
Celestia (+21.1%)
Tectum (+4.5%)
Sei (+17.2%)
Telos (+12.1%)
Injective (+11.9%)
Bonk (+27.8%)

Recently, Polygon has announced its ambitious roadmap which includes upgrading the Polygon POS chain to a zkEVM Validium Layer-2, migrating the MATIC token to POL, and more! Learn about what's in store for Polygon 2.0 in this video.

Watch now!

$200M, With More Well on the Way

VanEck and Bitwise, as stated in their S-1 filings with the SEC on Monday, are providing initial funds for their Bitcoin ETFs. VanEck is seeding their ETF with $72.5 million, while Bitwise is starting with $500,000.

Pantera Capital has also expressed interest in allocating $200 million to Bitwise's fund upon approval.

However, it's important to note that this expression of interest is not legally binding and serves as an indication of intent rather than a confirmed commitment.

Decrypt

The Korean Expansion

South Korean crypto exchange Upbit has obtained a Major Payment Institution (MPI) license from Singapore's primary financial regulator.

The Monetary Authority of Singapore granted this license, which follows the entity's in-principle approval received just under three months ago in October.

CoinDesk

Making the Switch

The Ethereum Layer 2 network, Starknet, has gained community approval to proceed with implementing the Alpha version 13.0 update on its mainnet.

The v.13 update is set to introduce transaction fee payments using both STRK and Ether.

According to Eli Ben-Sasson, a core contributor, the network aims to eventually shift exclusively to utilizing STRK for transaction fees.

The Block

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Topping the list of top crypto gainers in 2023 is BONK with over 7,000% growth. Find out what the other largest crypto gainers of 2023 were in today's article.

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