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Bitcoin bull market can survive $77K BTC price dip in 2025 — Analyst

According to CryptoQuant CEO Ki Young Ju, Bitcoin is unlikely to experience another bear market in 2025, even if its price drops by 30%. This prediction comes as a relief to many investors who have been concerned about the potential for a market downturn.

Ju’s confidence in Bitcoin’s future is based on several factors. First, he believes that the current market conditions are vastly different from those that led to the previous bear market in 2018. Back then, Bitcoin’s price was driven by speculation and hype, with many inexperienced investors jumping on the bandwagon. This resulted in a massive price bubble that eventually burst, causing the market to crash.

However, the current market is much more mature and stable, with institutional investors and large corporations showing interest in Bitcoin. This has led to a more sustainable and organic growth in the cryptocurrency’s value, making it less susceptible to sudden drops.

Additionally, Ju points out that the overall sentiment towards Bitcoin has shifted significantly in recent years. While it was once seen as a risky and volatile investment, it is now being recognized as a legitimate asset class and a hedge against inflation. This change in perception has led to a more stable and long-term approach to investing in Bitcoin, reducing the likelihood of a bear market.

Of course, there is always the possibility of unforeseen events or market manipulation causing a temporary drop in Bitcoin’s price. However, Ju believes that even in such scenarios, the market will quickly recover and continue its upward trend.

In conclusion, while no one can predict the future with absolute certainty, Ju’s analysis and insights provide reassurance that Bitcoin is on a strong and sustainable path, and investors can have confidence in its long-term potential.

Wintermute to open New York office, eyes OTC and derivatives growth

Wintermute, a leading cryptocurrency trading firm, is making moves to expand its presence in the United States with the opening of a new office in New York. This strategic decision comes as the company sees great potential for growth in the US market, particularly under the pro-crypto policies of the Trump administration.

Wintermute’s CEO, Evgeny Gaevoy, believes that the US is a key market for the company’s expansion plans. With the increasing adoption of cryptocurrencies and the growing interest from institutional investors, Wintermute sees the US as a prime location to establish a strong foothold in the industry.

The new office in New York will serve as Wintermute’s base for its US operations, allowing the company to better serve its American clients and tap into the country’s thriving crypto market. The office will also provide a platform for Wintermute to collaborate with other industry players and contribute to the development of the US crypto ecosystem.

Gaevoy is confident that Wintermute’s expansion into the US will be a success, citing the company’s strong track record and expertise in the crypto trading space. He also believes that the pro-crypto stance of the Trump administration will create a favorable environment for Wintermute to thrive and continue its growth trajectory.

Wintermute’s decision to expand into the US comes at a time when the country is experiencing a surge in interest and adoption of cryptocurrencies. With the recent approval of Bitcoin futures by the US Commodity Futures Trading Commission and the growing number of institutional investors entering the market, the US is poised to become a major player in the global crypto landscape.

In conclusion, Wintermute’s move to establish a presence in the US is a strategic and timely decision that will not only benefit the company but also contribute to the growth and development of the US crypto market. With its strong reputation and expertise, Wintermute is well-positioned to make a significant impact in the US and continue its mission of making crypto trading more accessible and efficient for all.

US Senate confirms Howard Lutnick as Trump’s commerce secretary

The United States Senate has officially confirmed Howard Lutnik, a well-known advocate for cryptocurrency and former CEO of Cantor Fitzgerald, as the new Commerce Secretary under President Donald Trump’s administration. This appointment marks a significant step forward for the crypto industry, as Lutnik has been a vocal supporter of digital currencies and their potential to revolutionize the financial sector.

Lutnik’s confirmation comes at a crucial time for the crypto market, as it continues to gain mainstream recognition and adoption. With his extensive experience in the financial industry, including his role as CEO of Cantor Fitzgerald, Lutnik brings a wealth of knowledge and expertise to the position. He has been a strong proponent of blockchain technology and its potential to transform various industries, including finance, healthcare, and supply chain management.

In addition to his background in traditional finance, Lutnik has also been actively involved in the crypto space. He has been a vocal advocate for regulatory clarity and has worked closely with government officials to promote the responsible growth of the industry. His appointment as Commerce Secretary is a clear indication of the government’s recognition of the importance of cryptocurrencies and their potential to drive economic growth.

Lutnik’s confirmation has been met with enthusiasm from the crypto community, with many seeing it as a positive step towards mainstream adoption and recognition. With his leadership, the Commerce Department is expected to play a crucial role in shaping policies and regulations that will support the growth of the crypto industry and foster innovation.

As the new Commerce Secretary, Lutnik has a unique opportunity to bridge the gap between traditional finance and the emerging world of cryptocurrencies. His experience and expertise make him well-equipped to navigate the complex landscape of digital assets and drive positive change for the industry. With Lutnik at the helm, the future looks bright for the crypto market, and we can expect to see continued growth and development in the years to come.

Crypto firms need to go public to ‘address Wall Street’ — BitGo CEO

Mike Belsche, the CEO of BitGo, one of the leading crypto custody firms, has recently hinted at the possibility of taking the company public. In an interview, Belsche shared his thoughts on the potential benefits of a public offering and how it could help to build trust in the world of digital assets.

BitGo, founded in 2013, has become a trusted name in the crypto industry, providing secure storage solutions for various digital assets. With the increasing adoption of cryptocurrencies, the demand for reliable custody services has also grown. And BitGo has been at the forefront, catering to the needs of institutional investors and high-net-worth individuals.

In the past, BitGo has raised significant funding from top investors, including Goldman Sachs and Redpoint Ventures. However, Belsche believes that going public could be the next big step for the company. He stated, “We’re definitely looking at the public markets as a potential option for us. It’s something that we’re actively considering.”

Going public would not only provide BitGo with a significant influx of capital but also increase its visibility and credibility in the market. Belsche believes that a public offering would help to “deliver trust in digital assets” and further legitimize the crypto industry.

BitGo’s potential public offering comes at a time when the crypto market is experiencing a surge in interest from traditional investors and institutions. With more and more companies and individuals looking to invest in digital assets, the need for secure and reliable custody solutions has never been greater.

Belsche’s comments have sparked excitement and speculation in the crypto community, with many eagerly waiting to see if BitGo will indeed go public. If it does, it could be a significant milestone not just for the company but for the entire crypto industry, further solidifying its position as a legitimate and trustworthy asset class.

Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary

In a recent statement, Hong Kong’s financial secretary Paul Chan Mo-po expressed his excitement for the future of technology, specifically the intersection of artificial intelligence (AI) and blockchain. This combination, according to Chan, has the potential to revolutionize various industries and create countless new use cases.

As the world becomes increasingly digitalized, the integration of AI and blockchain has become a hot topic among tech enthusiasts and industry leaders. Both technologies have already proven their value individually, but when combined, they have the power to enhance each other’s capabilities and open up a whole new realm of possibilities.

One of the most significant advantages of combining AI and blockchain is the potential for increased efficiency and accuracy. AI algorithms can analyze vast amounts of data and make decisions in real-time, while blockchain technology provides a secure and transparent way to store and share this data. This synergy can streamline processes and eliminate the need for intermediaries, ultimately saving time and resources.

Moreover, the integration of AI and blockchain can also lead to the development of innovative solutions in various sectors. For example, in the financial industry, AI-powered chatbots can assist with customer service, while blockchain can facilitate secure and fast transactions. In healthcare, AI can help with medical diagnoses, and blockchain can ensure the privacy and security of patient data.

Chan also highlighted the potential for AI and blockchain to drive economic growth and create new job opportunities. As these technologies continue to evolve and become more prevalent, the demand for skilled professionals in these fields will undoubtedly increase.

In conclusion, the intersection of AI and blockchain is a promising development that has the potential to transform industries and improve our daily lives. As we continue to witness the advancements in these technologies, it is essential to embrace and support their integration to fully reap their benefits.

Libra co-creator bragged about paying Javier Milei’s sister for token post: Report

According to recent reports from Argentine media, there has been a scandal involving the Libra token and its connection to a well-known figure, Hayden Davis. It has been alleged that Davis boasted about paying off the sister of economist Javier Milei, in order to gain access to insider information about the memecoin.

The Libra token, which has been making waves in the cryptocurrency world, has been the subject of much speculation and controversy. With its potential to revolutionize the financial industry, it has attracted the attention of many investors and enthusiasts. However, this latest revelation has raised concerns about the integrity and transparency of the project.

Davis, who has been linked to the Libra token, is said to have used underhanded tactics to gain an advantage in the market. By paying off Milei’s sister, he was able to obtain confidential information about the memecoin, giving him an unfair advantage over other investors. This has caused outrage among the cryptocurrency community, who are calling for a thorough investigation into the matter.

The news of this scandal has also shed light on the potential risks and vulnerabilities of the cryptocurrency market. While it offers many opportunities for growth and innovation, it is also susceptible to manipulation and fraud. This serves as a reminder for investors to exercise caution and do their due diligence before investing in any cryptocurrency.

The Libra token team has yet to release an official statement regarding these allegations. However, this incident has raised questions about the credibility and trustworthiness of the project. It remains to be seen how this will affect the future of the memecoin and its reputation in the market.

In conclusion, the recent scandal involving the Libra token and Hayden Davis has caused shockwaves in the cryptocurrency world. It serves as a cautionary tale for investors to be vigilant and aware of potential risks in the market. As for the future of the memecoin, only time will tell how this controversy will impact its success.

Coinbase execs hit with stockholder suit claiming they downplayed bankruptcy risks

A major shareholder of Coinbase, Wenduo Guo, has filed a lawsuit against the popular cryptocurrency exchange and its top executives for allegedly violating securities laws. The lawsuit, which was filed in a federal court in San Francisco, accuses Coinbase of misleading investors and engaging in illegal activities.

According to the lawsuit, Coinbase and its executives, including CEO Brian Armstrong and President Emilie Choi, made false and misleading statements about the company’s financial performance and compliance with securities laws. Guo claims that these statements were made to artificially inflate the company’s stock price and deceive investors.

The lawsuit also alleges that Coinbase failed to disclose important information to investors, such as the fact that it was under investigation by the Securities and Exchange Commission (SEC) for potential violations of securities laws. This information was only revealed after Coinbase went public through a direct listing on the Nasdaq in April 2021.

Guo, who holds a significant stake in Coinbase, is seeking damages for himself and other investors who purchased Coinbase stock between December 2020 and April 2021. The lawsuit highlights the growing scrutiny and legal challenges faced by cryptocurrency companies as they become more mainstream and attract more investors.

Coinbase, which is one of the largest cryptocurrency exchanges in the world, has been at the center of controversy in recent months. In addition to the SEC investigation, the company has faced criticism for its high fees and technical issues that have caused disruptions for users.

This lawsuit is just the latest in a series of legal challenges for Coinbase and other cryptocurrency companies. As the industry continues to grow and evolve, it is likely that we will see more legal battles and regulatory scrutiny in the future. Investors should be cautious and do their own research before investing in any cryptocurrency company to avoid potential risks and losses.