Daily Crypto Signals: Bitcoin ETFs Near $110B as Major Developments Shape the Space

With Bitcoin ETFs reaching $110 billion in holdings and serious legal actions surrounding Terra’s Do Kwon, the crypto market saw notable events today. Binance meanwhile obtained its 21st worldwide regulatory license, signifying further institutional development in the crypto field.

Daily Crypto Signals: Bitcoin ETFs Near $110B as Major Developments Shape the Space
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On January 2, co-founder of Terraform Labs Do Kwon entered not guilty to nine criminal charges before a New York court. Among the charges are those of securities fraud, wire fraud, money laundering, and commodities fraud. Following his extradition from Montenegro, Kwon’s case marks a turning point in crypto law and enforcement.

Separately, Binance reached a major turning point when it received central bank approval for its 21st worldwide regulatory license from Brazil. After past approvals in Argentina, India, Kazakhstan, and Indonesia, this makes Binance the first cryptocurrency exchange to acquire a broker-dealer license in Brazil.

Bitcoin ETFs Near $110B in Holdings

BTC/USD

 

With over 5.7% of the whole Bitcoin supply represented in US-based spot Bitcoin ETFs, BTC is approaching a stunning $110 billion in cumulative holdings. Comprising about 542,000 BTC valued at $51.5 billion, BlackRock’s iShares Bitcoin Trust ETF leads the market with 47.9% of the US Bitcoin ETF market share. Analysts, including Ryan Lee of Bitget Research, estimate Bitcoin BTC/USD might value $200,000 in 2025.

Ethereum Breaks Past $3,500

ETH/USD

 

Today Ethereum’s price ETH/USD jumped 3.40%, almost reaching the $3,500 barrier. The event corresponded with Bitcoin dominance falling below 58%, implying a possible altcoin season in 2025. Target values of $3,850 and $4,000 show a bullish ascending triangle formation according to technical analysis, thereby reflecting a possible 15% rise from present levels.

Solana Crosses $200

SOL/USD

 

Solana SOL/USD showed tenacity by rising above $200 after a major $55 million SOL move from Pump.fun to Kraken market. With forecasts of hitting $400 in 2025, the bitcoin is displaying great momentum and is driven by the expectation of a US spot Solana ETF clearance.

USDC Market Cap Surges to $44B

With its 80% increase in circulation from 2023 lows to around $44 billion, USDC Circle’s USD Coin has exhibited amazing expansion. With 65% on Ethereum, 10% on Solana, and 15% distributed among Base, Arbitrum, and Hyperliquid, the stablecoin has more network variety.

Frax Approves frxUSD Based on BlackRock’s BUIDL Fund

The Frax community decided unanimously to base the frxUSD stablecoin on BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). With BlackRock’s $10.4 trillion asset management experience, this choice seeks to offer yield-bearing opportunities while avoiding counterparty risk.

VeChain Price Prediction: $0.1 Next Target?

Starting 2025 with a 4.8% increase, VeChain (VET) has kept momentum after its 36% increase in 2024. VET’s trade volume rose by 80% early 2025, rising above 0.048. By April, analysts estimate possible growth to $0.1; other estimates point to a 2025 peak of $0.18, a 287% rise from present levels.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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