Crypto Market Surge: Bitcoin has surged past $104,000, with a notable 13.5% increase in January. XRP has also shown a remarkable 50% increase this month, potentially aiming for a $4 breakthrough by February.
Binance Network Upgrades: Binance will support the network upgrade and hard fork of Arweave (AR) and MultiversX (EGLD). AR’s upgrade is scheduled for February 3, 2025, at 21:00 UTC+8, and EGLD’s upgrade will occur on February 4, 2025, at 22:30 UTC+8.
Regulatory and Political Impact: The Trump administration’s crypto-friendly stance is driving significant changes in the crypto landscape. Illinois has proposed a state-run Bitcoin reserve, while the European Central Bank remains cautious.
Market Trends: Solana’s stablecoin supply has spiked by 73% since mid-January, making it the third-largest blockchain by stablecoin availability. Litecoin has also seen a 15% surge following the SEC’s approval of a spot LTC ETF.
Binance’s Future Outlook: Binance CEO Richard Teng anticipates a bullish year for crypto in 2025, driven by clearer regulatory frameworks under the new U.S. administration.
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