“In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22,” Standard Chartered said in a separate note. “Given our estimated BTC price level of USD 200,000 at end-2025, that would imply an ETH price of $14,000.” Source
The proposed amendments to the rules for crypto issuers, exchanges and custody platforms include increases to all supervision fees. Instead of a 100,000 naira ($64) application fee and a 30 million naira registration fee, the Securities and Exchange Commission (SEC) now wants 300,000 naira with every application and hopes to charge crypto firms a 150 million registration fee. Source
MOON is currently listed on Arbitrum Nova. After the bridge goes live, MOON holders can bridge coins from Nova to One and from One to Nova. As of writing, Arbitrum One boasts higher liquidity, with $3.43 billion worth of cryptocurrencies locked in its decentralized finance ecosystem, according to DeFiLlama. Meanwhile, Arbitrum Nova had $2.09 million. Source
Scores of newly issued tokens boast trading volumes of tens of millions, showcasing network usage and demand for blockspace. Source
The country’s registered crypto investors also surged to 19 million users last month. Source
The CFTC-regulated platform will let traders bet on whether BTC will outperform ETH this year and other price outcomes amid renewed interest in both crypto and prediction markets. Source
In a sentencing memo filed Friday, the Department of Justice’s Southern District of New York office wrote that Bankman-Fried “lied to investors,” shared fake documents and “pumped millions of dollars in illegal donations into our political system,” adding that a sentence of 40 to 50 years is “necessary,” alongside a recommended money judgement north of $11 billion and forfeiture. Source
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop. Source
Institutions like Franklin Templeton are taking meme coins increasingly seriously this cycle. But will these joke-y projects run afoul of regulators? Source
COPA wants more. The organization, which was created to protect the open source network from threats, wants injunctions that would limit Wright from claiming to be Nakamoto again, asserting authorship of the Bitcoin whitepaper and pursuing more litigation against members of the crypto community. The injunctions are likely to be argued individually. Source