DailyCoin Newsletter 2024 01 30

Author

Paul Fulbrook
January 30, 2024

Howdy folks,

📈 Bitcoin's price saw a 3% pump since Monday, reaching around $43.5k. As we approach April's halving, some analysts predict a post-halving surge to over £170k, but a more modest growth is likely, along with typical market pullbacks. This steady progress aligns with general expectations for the crypto market's trajectory 📊🚀.

Shark Tank Kevin GIF by ABC Network

In other news:

🚨 The U.S. Department of Justice has charged three individuals, including an Australian entrepreneur and two U.S. nationals, in a $1.8 billion cryptocurrency fraud scheme. This significant legal action underscores ongoing efforts to combat fraud in the crypto space and protect investors from deceptive schemes 💼🔍.

💸 Despite a recent ease in the Grayscale Bitcoin Trust (GBTC) exodus, crypto funds experienced $500 million in outflows last week. Bitcoin dominated these outflows, with Solana being an exception, managing to attract inflows amidst the broader trend of withdrawals from crypto funds 📉💼.

🔧 Polygon zkEVM is transitioning to become the first Type 2 zkEVM. This upgrade aims to strike an "optimal" balance between Ethereum Virtual Machine (EVM) equivalence and performance. The shift is significant for users and developers, promising enhanced capabilities and efficiency in the Polygon ecosystem 🌐💻.

DailyCoin Daily Meme

$500M Recorded in Crypto Fund Outflows Last Week Despite Slowing Grayscale ETF Exodus

Despite showing signs of slowing down toward the end of last week, Grayscale Bitcoin ETF (GBTC) outflows significantly edged out inflows to other ETFs.

Over 80% Solana Phone Users Activated Crypto Features: But What Happened to The Rest?

Despite a high completion rate, a large number of Solana phone users never activated its crypto features, or unlocked the Saga Genesis token.

DeFi Protocol Abracadabra Money Faces a $6.5M Attack “Involving Certain Cauldrons on Ethereum”

Crypto lending protocol Abracadabra Money has been exploited for $6.5 Million, blockchain security firms Cyvers and PeckShield said on Tuesday.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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