Double to triple-digit growth in a week for meme coins such as DOGE, SHIB, BONK, PEPE, and WIF is an early sign of the altcoin season, according to K33 Research. However, demand for ETFs is ten times greater than the number of coins being mined. Inventories on OTC platforms have shrunk many times over, and issuers of ETFs will soon have to buy directly from exchanges, leading to a surge in BTC.
Over the next 15 years, the price of bitcoin could increase 64-fold to $10.63 million. Former physics professor Giovanni Santostasi made such a prediction based on his ‘Power Law’ model. According to the professor’s calculations, BTC will peak at $210K in January 2026 and then fall to $60K.
A US court has recognised the trading of some cryptocurrencies as securities transactions. This is not the first time that a court has approved the classification of virtual assets promoted by SEC Chairman Gary Gensler. The head of the agency has repeatedly stated that virtually all cryptocurrencies are securities.
Tether, the issuer of the USDT stablecoin, has unveiled an asset recovery tool. The tool will allow USDT to be transferred between blockchains if one of the supported networks fails.
Chinese investors meanwhile were reminded of the bitcoin ban. China’s state-run newspaper Jingji Ribao warned locals about the risks of investing in the first cryptocurrency.