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Good Mooning ๐ฎ๐
Solana and XRP Futures ??? ๐
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GM (Good Mooning)!
โ๏ธ Good Mooning! Welcome back, crypto explorer! Letโs dive into todayโs biggest headlines and updates to kickstart your day on a bullish note. ๐โจ
Moon News ๐ฐ: Todayโs Big Crypto Headlines
๐ CME Gears Up for XRP and SOL Futures! ๐
The Chicago Mercantile Exchange (CME) has hinted at launching futures contracts for Solana (SOL) and XRP starting February 10 (pending regulatory approval). Here's the scoop:
๐ Contract Details:
SOL Futures: Standard contracts at 500 SOL and micro contracts at 25 SOL.
XRP Futures: Standard contracts at 50,000 XRP and micro contracts at 2,500 XRP.
๐ต All contracts will settle in U.S. dollars, making it easier for institutional and retail traders alike to engage.
This move comes as the crypto derivatives market heats up, with a wave of ETF and futures applications following recent U.S. regulatory shifts. Stay tuned for updates! ๐ฐโจ
Source: Cointelegraph
๐ Bitcoin in a Holding Pattern: Whatโs Next? ๐ค
Bitcoin (BTC) has been trading sideways between $100K and $110K, with analysts predicting this range could hold until the FOMC meeting on January 28โ29. ๐๏ธ
The Fed is expected to keep rates steady at 4.25%โ4.5%, but any hints of quantitative easing (QE) could pump liquidity into the market and spark movement. ๐ต
Market data shows lower activity at prices above $100K, indicating thinner liquidity, but some analysts are still bullish. ๐ Predictions suggest Bitcoin could hit $150K in the coming months, with signals pointing to a strong bull market. ๐
Keep an eye on the FOMCโit could be the key to BTCโs next big move! ๐
Source: Cointelegraph
๐ถ๐ Is a Dogecoin ETF on the Horizon?
Bitwise Asset Management is making moves with a newly registered Delaware entity, hinting at plans for a Dogecoin (DOGE) ETF! ๐๐ฐ
While Dogecoin fans are howling with excitement, the path to SEC approval may be a tough one. ๐ง Unlike Bitcoin and Ethereum, Dogecoin currently lacks a regulated futures market, a key factor for the SECโs green light. ๐๏ธ
Still, Bitwiseโs proactive steps show their commitment to bringing more diverse crypto products to the market. Could Dogecoin soon find its way to an ETF near you? ๐ง๐
Source: Decrypt
The Lunar Market๐ : Price Moves You Need to Know
Market Overview:
Bitcoin (BTC): $101,848 (-3.4%)
Solana (SOL): $243.83 (-5.4%)
Ethereum (ETH): $3,208(-3.3%)
Ripple (XRP): $3.07 (-5.3%)
Memecoin Movers:
GOAT: $0.326 (18.47%)
FRIC: $0.0109 (30.16%)
Prices updated as of 7:30 AM ET
Crypto Buzz ๐: Memes and Notable Posts on X
ATH for Solana stablecoin supply
accelerate ๐๏ธ
โ Solana (@solana)
10:04 PM โข Jan 22, 2025
โก๏ธ JUST IN: Blackrock bought $600,000,000 worth of #Bitcoin.
โ Cointelegraph (@Cointelegraph)
6:20 PM โข Jan 22, 2025
BLACKROCK CEO LARRY FINK SAYS I WANT THE SEC TO RAPIDLY APPROVE THE TOKENIZATION OF BONDS AND STOCKS
โ *Walter Bloomberg (@DeItaone)
12:27 PM โข Jan 23, 2025
Closing Reflection:
๐ Thatโs all for todayโs Good Mooning! With Bitcoin holding steady, new futures and ETFs on the horizon, and the FOMC meeting around the corner, the crypto market is set for an exciting few weeks. Stay tuned, and keep reaching for the moon! ๐โจ