The crypto market saw significant activity, with Bitcoin (BTC) drawing optimism from Bitwise's year-end ETF forecasts and new corporate acquisition plans, including Jiuzi Holdings' $1 billion strategy. Dogecoin (DOGE) whales accumulated 30 million tokens, fueling price target discussions up to $11.71. BNB Chain experienced a memecoin surge, reportedly minting new millionaires, while Solana (SOL) reported $2.85 billion in annual revenue and soaring stablecoin inflows. Regulatory developments included the UK lifting its ETN ban and a major US union opposing a crypto bill.
Key Developments
- Bitcoin (BTC) ETF optimism fueled by Bitwise forecasts and corporate acquisition plans, including Jiuzi Holdings' $1 billion strategy.
- Dogecoin (DOGE) sees significant whale accumulation and ambitious price targets, with CleanCore Treasury surpassing 710 million DOGE.
- BNB Chain experiences a memecoin surge, reportedly minting new millionaires, alongside notable corporate BNB holdings.
- Solana (SOL) demonstrates strong ecosystem growth with $2.85 billion in annual revenue and a 50% increase in stablecoin supply.
- Regulatory landscape shifts with the UK lifting its ETN ban, while a major US labor union opposes a proposed crypto bill.
Next 6 Hour Outlook
The market is likely to remain sensitive to further regulatory news and corporate announcements, with potential for continued speculative interest in memecoins and institutional-backed assets.