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New Crypto Updates: Top 10 Crypto Stories

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New Crypto: Bitcoin Price Prediction as BTC Surpasses $42,000 Amidst Dovish Fed Signals – Is the Bull Run Back?

New crypto intel is inclined towards a bull run. Bitcoin’s price surge past $42,000 is influenced by the US Federal Reserve’s steady interest rates and hints at potential 2024 rate cuts, alongside new FASB accounting rules for cryptocurrency holdings. The SEC’s “Cash Redemption Model” for Bitcoin ETFs also plays a role, contributing to a bullish market sentiment.

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JPMorgan says ETF optimism is overhyped, and Ether could overshadow Bitcoin in 2024

JPMorgan analysts predict Ether could outshine Bitcoin in 2024, despite Bitcoin’s recent gains. They cite Bitcoin’s overvaluation and potential underwhelming response to new spot ETFs. Ether’s potential growth is linked to Ethereum’s EIP-4844 upgrade, enhancing network efficiency. A cautious revival in crypto venture capital funding also hints at a market shift.

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Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

Blockgraze, a pseudonymous crypto enthusiast, turned $1,000 into over $100,000 by investing in Dogwifhat (WIF), a memecoin on the Solana blockchain. Initially attracted by its humorous dog mascot, he realized $25,000 in profits and let the rest ride. This reflects the volatile and speculative nature of memecoin investments.

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Fast Growing Cryptos that Could Moon? Ethereum, Solana, Cardano, Avalanche and the growing ApeMax Presale

The cryptocurrency market is diversifying with growth in established coins like Ethereum and emerging ones like ApeMax. ApeMax’s “Boost-to-Earn” feature is drawing attention in its presale phase. Ethereum maintains its strong position, while Solana and Polygon show significant growth. These developments highlight the expanding and dynamic nature of the crypto ecosystem.

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Total Value of Cardano DeFi Ecosystem Nears $450M Amid Layer 1 Push; ADA Rockets 17%

Cardano’s ecosystem experienced a surge in total value locked (TVL), exceeding $440 million, partly due to interest in Ethereum alternatives. Key contributors include lending protocol Indigo and exchange Minswap, both seeing over 50% growth. The Djed stablecoin also reported increased demand, indicating a shift in investor strategy towards Cardano.

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Helium Mobile, HNT tokens rally as market rebounds

Helium Mobile (MOBILE) and Helium (HNT) have seen significant gains, with MOBILE surging 227% to $0.003, becoming a top gainer among cryptocurrencies. This growth coincides with Helium’s partnership with T-Mobile for a data plan, boosting MOBILE’s market cap to $220 million. HNT also rose 26.3%, reaching a $5.99 trading price.

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Terra Luna Classic (LUNC) And USTC Prices Rising Today, Here’s Why

The Terra Classic ecosystem’s tokens, LUNC and USTC, saw significant price surges following a proposal to burn 800 million USTC tokens and the U.S. Federal Reserve’s announcement of unchanged interest rates. LUNC rose by 3%, while USTC saw a marginal 0.22% increase, indicating renewed trader interest in these cryptocurrencies.

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What We Know About the Massive Ledger Hack

A security breach in Ledger, a crypto hardware wallet manufacturer, compromised several Ethereum-based applications like Zapper, SushiSwap, and others. The issue, identified as a “supply chain attack” on Ledger’s Connect Kit, led to the loss of around $150,000 in crypto. The breach underscores vulnerabilities in decentralized finance (DeFi) and the need for rigorous security measures.

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First Mover Americas: JPMorgan Cautious About Crypto Markets in 2024

JPMorgan remains cautious about cryptocurrencies into 2024 but predicts Ether will outshine Bitcoin, largely due to Ethereum’s EIP-4844 upgrade enhancing scalability. Meanwhile, ARK Invest sold a significant portion of Coinbase shares, despite the stock’s recent high. Cardano’s ecosystem saw rapid growth in locked value, reflecting interest in Ethereum alternatives.

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Protocol Village: Metagood, Behind OnChainMonkey NFTs, Raises $5M Seed Round

Metagood completed a $5 million seed funding round, led by Sora Ventures, to enhance its blockchain technology and digital assets ventures, including OnChainMonkey NFTs and Osura marketplace. This funding will finance new tech and product development, marketing for Osura, and foster partnerships with artists, strengthening Metagood’s position in the digital assets sector.

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Also Read: Crypto: Top 5 Latest Updates

New Crypto Updates: Top 10 Crypto Stories

Crypto: Top 5 Latest Updates

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