🚀 Welcome to The Ascendant — your trusted guide to this week’s biggest #Crypto and #Blockchain news! Dive into the latest market shifts, regulatory updates, and institutional moves shaping the industry 👇
🌍 Bitcoin to $700K? BlackRock’s Larry Fink Sees the Potential
BlackRock CEO Larry Fink predicts Bitcoin could hit $700,000 if institutional investors allocate just 2-5% of their portfolios to the cryptocurrency.
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👨⚖️ SEC Forms New Crypto Task Force
The SEC announces a dedicated task force led by "Crypto Mom" Hester Peirce to develop a regulatory framework for digital assets, signaling a new era of oversight.
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🔒 Crypto Security Concerns Highlighted by Kidnapping Incident
David Balland, co-founder of Ledger, was kidnapped in France and later rescued, emphasizing the need for heightened security in the crypto industry.
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📈 Brevan Howard’s Crypto Hedge Fund Gains 51% in 2024
Brevan Howard’s crypto hedge fund posted a 51.3% return last year, reflecting the market’s resilience and growing institutional interest in digital assets.
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💰 Trump Memecoins Spark Controversy
The launch of $TRUMP memecoins, valued at $10 billion, has raised concerns about market manipulation and ethical issues surrounding celebrity-backed tokens.
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📊 Market Assessment — By Lorenzo
- Bitcoin potential: Institutional interest could push BTC to unprecedented highs.
- Regulatory clarity: The SEC’s task force signals progress toward a structured crypto framework.
- Security remains crucial: High-profile incidents highlight the need for robust safeguards.
- Retail interest rises: Searches for “how to buy cryptocurrency” have returned to 2021 levels.
- Bull market signs: Institutional momentum and hedge fund gains point to a promising 2025.
Overall Sentiment: Optimistic. Institutional and retail interest grows as crypto moves closer to mainstream adoption.
