News

According to Odaily, Standard Chartered Bank stated that the outlook for Ethereum has improved, and its performance is expected to surpass that of Bitcoin. Despite Bitcoin's weak performance dragging down the entire cryptocurrency market, the growing institutional demand for Ethereum, as well as Ethereum's dominance in the fields of stablecoins, real-world assets, and decentralized finance (DeFi), all support its stronger prospects. Improvements in network throughput and the potential clarification of US regulatory policies could further drive up the price of Ethereum. Standard Chartered Bank previously predicted that Ethereum's price would reach $7,500 this year and $30,000 by 2029.

ChainCatcher reported that Nasdaq-listed bitcoin ATM operator Bitcoin Depot has announced the acquisition of Instant Coin Bank, a regional BTM operator with multiple locations in Texas and Oklahoma. The specific acquisition amount has not been disclosed. It is reported that this acquisition will enhance Bitcoin Depot's business presence in the US market.

BlockBeats News, January 13, market analyst Jeremy Boulton stated that if the U.S. inflation data released on Tuesday pushes the dollar higher, Japanese authorities may be forced to take action to support the yen, as they believe the yen's decline has gone too far. Since last week's U.S. employment report, market expectations for Federal Reserve rate cuts have weakened, with only a further 25 basis point cut now anticipated, and the potential terminal rate for this easing cycle has been raised from 3.0% to 3.25%. If December's inflation data exceeds economists' forecast of a 2.7% year-on-year increase (with an estimated range of 2.5% to 2.9%), it will further reinforce this market expectation. Ironically, there are currently almost no speculative positions in the market (net yen positions are about $200 million), and exchange rate volatility has significantly decreased over the past year. If Japan intervenes at this time, it may actually create rather than suppress volatility. However, given the history of large-scale interventions in similar situations, any data that further pushes the dollar higher could trigger a new round of intervention. (Golden Ten Data)