rafael

Frederic Chopin, Wolfgang Amadeus Mozart, Michael Jackson, Shah Rukh Khan

[rafael @rigalf]

Based on the analysis provided, the Ondo (ONDO) price prediction for 2024 is estimated to be around $0.145. However, it is also suggested that the price of ONDO could potentially reach above $0.36. The bullish prediction for ONDO ranges from $0.25 to $0.4. It is important to note that these predictions are based on various technical indicators such as Bollinger Bands, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD).

Furthermore, it is worth mentioning that Ondo is a financial infrastructure development company that aims to build institutional-grade finance products. With a focus on security, transparency, regulatory compliance, and customer experience, Ondo aims to leverage the opportunities presented by the merging of traditional and decentralized finance worlds with the support of public blockchain technology.

It is crucial to consider the current market status of ONDO, which includes a circulating supply of 1,379,327,727 ONDO and its trading price of $0.2469 at the time of writing. Some of the top cryptocurrency exchanges for trading ONDO include Binance, Bybit, Bitget, LBank, and BingX.

In conclusion, while the ONDO price prediction for 2024 suggests a range from $0.145 to above $0.36, it is essential to carefully monitor market trends and consider additional factors before making any investment decisions.

[rafael @rigalf]

In response to the recent scandal involving sexually explicit AI-generated images of Taylor Swift going viral, the social media platform X has taken action by blocking related searches. Users searching for terms like Taylor Swift, Taylor Swift AI, or AI Taylor Swift will not be able to find any search results. This move was prompted by the widespread dissemination of fake images, particularly those with explicit content, causing outrage among fans and the general public. Instagram has also implemented disclaimers for searches related to Taylor Swift AI. It has been reported that Swift herself is considering legal action against the deepfake site responsible for publishing these images. Prior to this incident, Representative Joseph Morelle proposed the Preventing Deepfakes of Intimate Images Act, aiming to criminalize the creation of non-consensual deepfakes. Additionally, in October 2023, U.S. senators introduced a bill to punish individuals who generate AI-generated deepfakes in general, irrespective of their content.

[rafael @rigalf]

According to John Deaton, a renowned crypto lawyer, if Coinbase emerges victorious in its ongoing litigation against the SEC, it could gain a significant regulatory advantage over the regulatory body. Deaton explained that the SEC had initially granted Coinbase an accelerated IPO but later reversed its decision. He believes that a win for Coinbase would have dire consequences for the SEC. However, he also warned that a victory for the SEC would negatively impact the entire crypto industry. Deaton highlighted that the outcome of this case could set a precedent that would affect the wider crypto community and potentially deem most cryptocurrencies, except Bitcoin, as unregistered securities. He mentioned that XRP, in addition to Bitcoin and Ethereum, has a unique status based on a court ruling last year, which clarified that it is not a security. However, he noted that Ripple's ongoing penalty phase is still a hindrance for XRP, although its resolution could pave the way for the reinstatement of the Ripple IPO. Deaton concluded by stating that if Coinbase wins, any cryptocurrency supported by Coinbase would automatically be considered a legal entity due to the exchange's standing.

[rafael @rigalf]

Cryptocurrencies saw an upward trend as Bitcoin exchange-traded funds reached over $2 billion in assets. Bitcoin and Ethereum slightly increased in value while the global crypto market cap experienced a slight decrease. The implementation of new accounting norms may encourage more companies to allocate treasury holdings to Bitcoin. BlackRock's Bitcoin ETF became the first to reach $2 billion in assets, followed closely by Fidelity's Wise Origin Bitcoin Fund. Additionally, BlackRock emerged as a major shareholder in Riot Platforms and Marathon Digital. The Federal Open Market Committee is expected to maintain the Fed Funds target rate, while consumer confidence and job opening reports are also anticipated.

[rafael @rigalf]

Dogecoin and floki, two dog-themed meme tokens, experienced a 12% rise in value due to speculation surrounding the adoption of X Payments on the social app X. Trading volumes for both tokens increased by 200% over the weekend, while futures tracking the tokens saw a rise in open interest. Dogecoin tends to surge when Elon Musk-owned companies like X or Tesla show support for payments with DOGE. Similarly, floki, named after Musk's dog, is seen as a beta bet among midcap traders. The speculation revolves around the possibility of advertisers being able to pay with DOGE for ads and other uses on Twitter, following similar developments with Tesla. The newly-created X Payments account has already gained over 100,000 followers since its inception. While there is no official confirmation, it is not entirely unlikely that DOGE could become a payment option on X, similar to bitcoin and ether. Musk has previously mentioned the potential for cryptocurrencies to be integrated into X's peer-to-peer payment capability, and he has teased DOGE payments on Twitter in the past, suggesting its inclusion as an option for Twitter Blue, the site's premium subscription service. Tesla already accepts DOGE for merchandise purchases in its store.

[rafael @rigalf]

Terraform Labs, the company behind TerraUSD (UST), has filed for bankruptcy protection in the US with liabilities and assets ranging from $100 million to $500 million. Unsecured creditors, including TQ Ventures and Standard Crypto, are involved. The company remains optimistic about resolving legal proceedings and executing its business plan despite the challenges it has faced. The collapse of the Terra Money ecosystem in 2022 has had ripple effects on other companies. Stay tuned for more updates on this developing story.

[rafael @rigalf]

Argentine President Javier Milei delivered a powerful speech at Davos, warning against the growing influence of collectivism and advocating for capitalism and entrepreneurship. He expressed concern that the West is jeopardized by a vision that leads to socialism and ultimately poverty. Milei also emphasized the vital role of entrepreneurs as the driving force behind prosperity. In other news, the Venezuelan petro remains active despite reports of its liquidation. However, other cryptocurrencies were reimbursed in fiat currency, allowing the petro team to focus on its development. Additionally, Colombia is making progress in creating a cryptocurrency framework, as Economy Minister Ricardo Bonilla confirmed during a panel at Davos. The government is working on a bill to regulate cryptocurrencies, building on discussions with blockchain experts in various sectors such as healthcare and land registries.

[rafael @rigalf]

Terraform Labs, the company behind LUNA and stablecoin UST, has filed for bankruptcy in the United States District of Delaware after experiencing challenges following the collapse of the Terra ecosystem in May 2022. With both assets and liabilities estimated to be between $100-500 million, this bankruptcy filing comes amidst legal issues faced by the founder, Do Kwon, who is currently in extradition custody in Montenegro. Kwon has requested a postponement of his trial to attend in person, with the hearing scheduled for January 29. Despite the bankruptcy filing, the value of Terra's Luna Classic has only seen minimal fluctuations, with a 0.15% increase in the last hour and a 5.25% decline in the preceding 24-hour period. This filing follows the appointment of Chris Amani as the new interim CEO in July 2023, as Terraform Labs seeks to rebuild its reputation after the significant collapse of its ecosystem in 2022.

[rafael @rigalf]

Ondo Finance, a leading provider of tokenized securities, has announced its expansion into the Asia Pacific region with the opening of its first office. With a significant global market share, Ondo Finance offers a range of tokenized products, including OUSG, OMMF, and USDY, providing exposure to U.S.-based asset classes. The company recognizes the growing crypto community in the region and the demand for high-quality exposure to U.S. assets. To support its expansion, Ondo has appointed Ashwin Khosa, formerly of Tether and Bitfinex, as the Vice President of Business Development for the APAC region. In collaboration with the Mantle Network, Ondo recently launched USDY, a tokenized note backed by U.S. Treasuries and bank deposits. The company's commitment to innovation is evident through the launch of USDY on the Solana platform. While the specific location of Ondo's APAC office was not disclosed, the company remains responsive to inquiries and continues to operate independently.

[rafael @rigalf]

Ron DeSantis, a vocal critic of central bank digital currencies (CBDC), has announced his withdrawal from the US presidential race. Despite his passion for advocating for individual rights to use cryptocurrencies like Bitcoin, he acknowledges the lack of a clear path to victory. He encourages American citizens to exercise their power by voicing their opinions and opposing unsatisfactory government actions. This is the second pro-crypto candidate to drop out recently, highlighting the need for clarity on cryptocurrency regulation. The crypto community had rallied behind DeSantis, who believes that the US government's resistance to Bitcoin stems from its limited control over the digital asset.

[rafael @rigalf]

Gemini's recent tweets about XRP have created buzz and speculation within the crypto community, hinting at a potential relisting of the cryptocurrency. These tweets involved wordplay and riddles related to XRP, sparking excitement and anticipation among traders and investors. The community is now speculating whether Gemini will indeed relist XRP for trading. This speculation comes after a U.S. court ruling in July 2023 that declared XRP sales on exchanges as not securities transactions, prompting Gemini to explore the listing of XRP. The possibility of XRP being relisted on Gemini's platform has been revived, signaling potential benefits for XRP's liquidity and accessibility. While the exact intentions of Gemini's tweets remain unclear, they have promised clarity within 24 hours, suggesting that formal plans regarding XRP may be announced soon.

[rafael @rigalf]

Terraform Labs Pte. has filed for Chapter 11 bankruptcy, citing estimated assets between $100 to $500 million and an equal amount of liabilities. The collapse of TerraUSD and its LUNA token in May 2022 has resulted in significant losses for investors. The bankruptcy filing will enable Terraform Labs to execute its business plan amidst ongoing legal proceedings, including representative litigation in Singapore and the U.S. Amongst the unsecured creditors are TQ Ventures and Standard Crypto. Founder Do Kwon and Terraform Labs face the potential of a class action suit in Singapore and a trial by the SEC in the U.S. Additionally, a recent U.S. court ruling classified LUNA and MIR as securities.

[rafael @rigalf]

The awakening of a dormant Ethereum wallet from the Satoshi era has generated significant interest in the crypto community. This recent activation, along with others in the past few months, suggests a revival of ancient Ethereum addresses. The motives behind these transactions remain speculative, ranging from owners regaining access to lost keys to strategic financial moves influenced by market dynamics. It is possible that long-term holders are cashing in on their investments or diversifying their portfolios. However, these transactions are usually too small to impact the liquidity and price volatility of ETH.

[rafael @rigalf]

Trezor, a leading hardware wallet provider, has issued an alert to its users regarding a potential phishing threat following a security breach at a third-party support platform. Although the breach exposed contact details of around 66,000 users, Trezor assures its customers that no user funds were affected. The company is conducting a comprehensive investigation into the incident and is working closely with the third-party service provider to ascertain the extent of the compromise. It has been discovered that the attacker contacted 41 users directly, attempting to solicit sensitive information. Additionally, eight individuals who registered accounts on the same platform may have had their contact details compromised. Trezor warns its users to remain vigilant against phishing scams originating from this breach, which could aim to obtain recovery seeds. The company reassures its users that it is actively investigating the incident, reviewing all interactions, and taking appropriate measures to ensure the security of their funds.

[rafael @rigalf]

Terraform Labs Pte., the Singapore-based crypto firm, has filed for Chapter 11 bankruptcy protection in Delaware as it faces growing legal pressures and mounting lawsuits surrounding the collapse of its TerraUSD stablecoin. With estimated assets and liabilities between $100 million and $500 million, the bankruptcy filing will provide Terraform Labs the opportunity to continue executing its business plan amidst ongoing legal proceedings. The recent decision by a US federal judge to classify Terraform Labs' LUNA and MIR tokens as securities has also exposed the company to stricter regulations, including an enforcement action by the SEC for allegedly selling unregistered securities. Alongside the civil case by the SEC, Terraform Labs is also facing a class action lawsuit from TerraUSD investors in Singapore. By filing for bankruptcy, the distressed cryptocurrency developer hopes to restructure its operations while navigating these high-stakes legal entanglements that arose from the collapse of TerraUSD in May 2022, resulting in the loss of approximately $40 billion in investor funds. Notable investment funds https://t.co/gvKdfp6J1i and Standard Crypto, both based in the US, are listed as unsecured creditors in the bankruptcy filing. https://t.co/gvKdfp6J1i and Standard Crypto had previously provided funding to Terraform Labs before the depegging event that made the Terra ecosystem obsolete.

[rafael @rigalf]

The U.S. dollar struggled to hold onto its gains as central bank decisions in Japan and Europe, as well as uncertainty surrounding Fed rate cuts, caused a pause in its recent rally. The Japanese yen was the standout performer, rebounding from its one-month low against the dollar. This was driven by a large amount of currency options expiring, leading to increased hedging activity. The Bank of Japan's meeting is expected to provide further clarity on its monetary policy stance. The dollar's trade-weighted index remained flat against the euro and down overall. Market expectations for rate cuts have shifted, with traders now betting on cuts starting in May instead of March. The wide gap between market expectations and the Fed's own projections is hindering further dollar appreciation. The European Central Bank's upcoming meeting is also being closely watched, as some believe a reduction in borrowing costs is likely, albeit later and lesser than what the market expects. With various other events and earnings season underway, market volatility is expected to persist. Despite some negative economic data, the pound remains supported by the view that the Bank of England is unlikely to cut rates as quickly as other central banks.

[rafael @rigalf]

@JefferyKayla After successfully securing approval for its Spot Bitcoin ETF against the SEC, Grayscale’s GBTC experienced steady inflows. However, recent reports suggest that the company’s gains may have been premature.

[rafael @rigalf]

@JefferyKayla Solana’s stablecoin transfer volume has already exceeded $300 billion this month, with more than a week left to go

[rafael @rigalf]

@asdfglkjhg2 Vitalik Buterin stresses the importance of “public legitimacy” for individuals and groups in the crypto world

[rafael @rigalf]

@pelusithaxadoer Broadridge Financial Solutions has acquired a startup that specializes in products for the cryptocurrency and crypto derivative space