Here are the latest crypto news updates:
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# Market Updates
- *Bitcoin Price*: Bitcoin's price has surged, with a current price of $108,799, showing a 0.39526% increase. Analysts predict Bitcoin could reach $110,000 before its $13.8 billion options expiry.
- *Ethereum Price*: Ethereum's price is currently at $2,538.56 with a -0.08347% decrease. Polymarket traders are eyeing $4,000 as Ethereum forms a bullish setup.
- *XRP Price*: XRP's price is $2.34 with a 0.45438% increase. Polymarket traders bet XRP will hit an all-time high in 2025.
# Recent Developments
- *Bitcoin ETFs*: US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks, totaling $2.75 billion.
- *Polygon Co-Founder Steps Down*: Mihailo Bjelic, co-founder of Polygon, has stepped down from the board, with fellow co-founder Sandeep Nailwal praising his contributions.
- *Semler Scientific Boosts BTC Holdings*: Semler Scientific has increased its Bitcoin holdings with a $50 million purchase, with shares rising 53% since announcing its first Bitcoin purchases.¹ ²
# Regulatory News
- *French Court Blocks Pavel Durov's Travel*: A French court has blocked Pavel Durov, founder of Telegram, from attending the Oslo Freedom Forum, citing human rights concerns.
- *Texas Governor Supports Bitcoin Reserve Bill*: Governor Greg Abbott of Texas has signaled support for a bill to create a strategic Bitcoin reserve in the state.
# Other News
- Hyperliquid Trader's $1.25 Billion Bitcoin Long: Crypto trader James Wynn has pushed his Hyperliquid Bitcoin long to $1.25 billion using 40x leverage.
- *Solana Foundation's Tokenization Vision*: The Solana Foundation's nCMO, Akshay BD, believes tokenization could pave the way for widespread micro-ownership of businesses.