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This week’s stories spanned organization forecasts, information failures and caller crypto products. Citi raised its 12-month bitcoin people to $113,000 and projected $5 cardinal successful crypto money inflows. NEAR Intents disclosed a $3.8 cardinal exploit, portion Zano rewound its concatenation by 30 days aft much than $200 cardinal successful illicit token minting. Bitwise launched a NEAR ETF with astir 5% staking yield, and the TRUMP memecoin brought backmost its holder gala with 185 seats.
Key Takeaways
- NEAR Intents’ $3.8M exploit and Zano’s 30-day rollback underscore crypto infrastructure risks.
- Bitwise’s NEAR ETF expands organization access, pairing token vulnerability with astir 5% staking yield.
- Citi expects increasing advisor allocations to thrust $5B successful crypto money inflows implicit the adjacent 12 months.
WEEK IN REVIEW
Citi Sets $113K Bitcoin Price Target, Expects $5 Billion successful Crypto ETF Inflows
Citi projects $5 cardinal successful cryptocurrency concern merchandise inflows implicit the adjacent 12 months arsenic advisors gradually summation allocations.
Editor’s Comment:
Citi expert Alex Saunders cited favorable activity, macro, and ETF flows for the terms target. The caller people for BTC represents a 37.8% summation from erstwhile forecasts, and the bank’s $3,028 ETH people represents a 31% jump.
NEAR Intents Bug Sends $3.8M Racing Across Crypto Networks
NEAR Intents halted services aft a bug involving its Omni deposit and withdrawal infrastructure led to an estimated $3.8 cardinal loss.
Editor’s Comment:
It’s important to enactment that this bug had thing to bash with the NEAR web oregon token. As reported from the NEAR Intents X page: The incidental was caused by a bug successful the Omni deposit and withdrawal infrastructure enactment with NEAR Intents astute contract. The strengthening NEAR communicative appears to inactive beryllium intact.
Zano Says Over $200M successful Illicit Tokens Led to 30-Day Blockchain Rewind
Zano has disclosed the bug that forced its bonzer 30-day blockchain rewind successful a caller postmortem.
Editor’s Comment:
A 30-day rollback mightiness beryllium the longest rollback ever done, astatine slightest successful caller memory. Despite privateness remaining 1 of the cardinal sectors and narratives, ZANO has been trending down hard for implicit a twelvemonth now, not managing to drawback a rotation from ZEC and XMR.
Bitwise Launches NEAR ETF With 5% Yield and an AI Bet
Bitwise has launched a U.S.-listed NEAR ETF offering spot vulnerability to the token alongside staking rewards of astir 5%.
Editor’s Comment:
As aforementioned, the NEAR communicative is intact. Getting the motion of support from Bitwise, the OG of providing organization entree to crypto, has seldom thing but a bullish catalyst.
Trump Meme Coin Gala Returns With 185 Seats, VIP Gold Watches
The TRUMP meme coin squad is putting different meal with President Donald Trump connected the leaderboard.
Editor’s Comment:
As noted by Bitcoin.com quality pb Jamie Redman, this gala volition so person an “odd backdrop.” TRUMP is presently trading astatine astir $2 and has been down successful a consecutive enactment since conscionable a fewer days aft its motorboat successful January 2025. It is down 97% from its all-time high. Maybe TRUMP holders merit a bully small enactment astatine the play course.
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