Grayscale ETF Filings, DeepSeek Sell-Off, and More
With another week, the cryptocurrency market is full of big stories and new headlines. The list includes Arthur Hayes predicting Bitcoin’s downturn to $ 70,000, and how DEEPSEEK has caused shock waves in the entire industry.
This week, I also saw that the grayscale submitted Litecoin’s ETF file, Sorana Together with the SEC, the rumor shows that the regulatory agency may reject Ripple lawsuitEssence
Arthur Hayes predicts the small financial crisis of Bitcoin
Former CEO of Bitmex Arthur Hayes owns Modified his short -term bitcoin forecastEssence Earlier this month, he predicted that Bitcoin would reach its peak in mid -March, and then made major corrections.
However, Hayes has updated his prospects this week and pointed out that BTC is already on the edge of this decline.
“It reverses the order of my pavage enzyme thesis series. I call on the BTC to correct 70,000 US dollars to $ 75,000, once a mini financial crisis, and restore the printed money. By the end of this year, we will reach $ 250,000.”
The short -term losses of Bitcoin Bitcoin are driven by the worsening global Fiat liquidity environment. This is caused by the balance of revenue and expenditure of the Federal Reserve and the reduction of money printing in major economies such as the United States, China and Japan.
Haz believes that Bitcoin is particularly sensitive to the transformation of global liquidity, which may lead to the downturn of forecasting. At the time of release, the transaction price of Bitcoin was $ 104,709, a decrease of 0.3 % in the past 24 hours.
GrayScale sought SEC approved Solana and Litecoin ETF
GrayScale is one of the largest crypto asset management companies. The application submitted to the SEC is used to track the ETF of Litecoin and solanaEssence The company’s Litecoin ETF only marks the second file after the Canary Capital application in October.
In addition, according to ETF analysts Eric Balchunas and James Seyffart, Litecoin or Hedera ETF is more likely Earlier than Solana was approved by SEC.
“We expect the encrypted currency ETF wave next year, although not once. First of all, it may be the BTC + ETH combination ETF, and then it may be LiteCoin (because it is a BTC fork (therefore it is A)), and then HBAR (because it does not have any Marked Safety) Then XRP/Solana (has been marked as securities in unsuccessful lawsuits), “Balchunas claims.
It seems that their prediction is being implemented, because the SEC has already approved Bitcoin and Ethereum ETFEssence
However, the gray application does not significantly affect the price of Litecoin. At the time of release, the transaction price of LTC was $ 131.60, an increase of 1.2 % in the past 24 hours.
Zachxbt tracking 29 million US dollars SUI token use
Blockchain researcher Zachxbt Recently exposed the loss of $ 29 million in SUI token December 2024. On January 26, Zachxbt disclosed the detailed information of the vulnerability, which is aimed at the main holder SUI network.
According to reports, the attacker withdrew 6.27 million SUI token on December 12 with a value of $ 29 million. The stolen assets were transferred from SUI to Ethereum, and then washing money in the smaller parts through tornado cash to cover up this small diameter.
“The victims moved their .sUI domain to a new uncompromising address soon after theft. The current limitations of SUI Block Explorer and SUI analysis tools make theft difficult to track.” Zachxbt said.
After revealing the news, Zachxbt became headline news in January He helped the US government to recover Most of the theft of $ 20 million.
DeepSeek leads to major encryption selling, which was liquidated for $ 800 million within a day.
The opening coincidence of Chinese artificial intelligence startup Deepseek Buy sharply in the cryptocurrency marketEssence
DEEPSEEK has become an outstanding figure less than two years ago, and has positioned himself as competitors and becomes competitors of AI giants such as OpenAI, Meta and NVIDIA. DeepSeek’s development cost is less than 10 million US dollars, which has become a destructive competitor, causing debate between experts on its long -term impact.
The rise of DeepSeek has caused Bitcoin (BTC) to decrease 5 % within a few hours, while the decline in the main cottage coins decreased by 8-10 %. According to Coinglass, within 24 hours, 315,090 traders were liquidated within 24 hours, with a total liquidation transaction value of $ 800 million.
Some market collapse is due to the increasing popularity of DeepSeek and its potential impact on the stock market. Industry veteran Ash Crypto volatility Due to the rapid growth of DeepSeek, a wider market response caused a wider market response.
He explained: “This has nothing to do with the crypto market and related to the US stock market.”
Ash Crypto linked the downturn of cryptocurrencies with re -evaluating the re -evaluated scientific and technological stocks, because the competitive advantage of DeepSeek is a reason. The AI encrypted segment has also suffered the suffering of DeepSeek after the rise, and the market value of AI cryptocurrencies has dropped double -digit.
Is Ripple and SEC end?
SEC may have Abandoning a lawsuit against Ripple No announcement. The committee deleted the case from its website, but other encrypted lawsuits were still visible.
Social media users have noticed that SEC’s website has deleted all references on this lawsuit.
“Does Ripple have no SEC? Search” chain “in the SEC’s lawsuit, and … there is no result! Is the legal struggle just over? Is this the last chapter of Ripple and SEC? It may be a historic moment.
The commentator also pointed out that other suits, such as People who oppose Craken And Coinbase is still on the website.
However, a lawyer claims that the lawsuit is still active in Pacer, and Pacer is a government website that provides federal courts.
“The SEC website is irrelevant. The appeal is still open in the national pairing system of the court. I just logged in. The last entry was the request for extending the time for the briefing to submit the briefing. The status of the case is still active.” He claimed.
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