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<h2>Analysts at Bitwise have recently shared their perspectives on the future of Ethereum, particularly in light of the anticipated launch of spot ETFs next week.&nbsp;</h2><p>Their forecast is nuanced, presenting a mix of cautious short-term expectations and optimistic long-term predictions. They suggest that while Ethereum has the potential to reach the $5,000 mark, the path to this valuation will be fraught with challenges.</p><h2>#### Immediate Market Reactions and Short-Term Pressures</h2><p>Bitwise analysts expect the Ethereum market to encounter significant selling pressure immediately following the launch of Ethereum spot ETFs. This pressure is anticipated as investors might start withdrawing their funds from the Grayscale Ethereum Trust, a move that could trigger a temporary decline in Ethereum's price. This reaction mirrors the market dynamics observed after the launch of Bitcoin spot ETFs, where initial enthusiasm was quickly followed by a sell-off as investors reallocated their assets.</p><p>The analysts highlight that this short-term downturn is not unusual and should be seen as part of the natural market adjustment process. Investors might be driven by the desire to diversify their holdings or capitalize on immediate gains, thereby creating a wave of selling activity that temporarily depresses the price.</p><figure id="figure-m00w4uur9lyvllncy"><img id="m00w4uur9lyvllncy" src="https://cdn.durable.co/blocks/80Co1t963RQSzMl2B73erh8aXScCwR3LcGk6YFyzLEhGMYmASyAZ9yX9p4BDFALI.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/80Co1t963RQSzMl2B73erh8aXScCwR3LcGk6YFyzLEhGMYmASyAZ9yX9p4BDFALI.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>#### Long-Term Outlook: A Bullish Trend on the Horizon</h2><p>Despite these short-term challenges, Bitwise maintains a positive long-term outlook for Ethereum. They forecast a strong resurgence in the cryptocurrency’s value as the market stabilizes and absorbs the initial shock of the ETF launch. By the end of the year, they anticipate a bullish trend that could see Ethereum not only recover but also surpass previous price records.</p><p>A key factor underpinning this optimistic forecast is the potential influx of institutional investments through the newly launched ETFs. Bitwise analysts predict that within 18 months, Ethereum ETFs could attract up to $15 billion in investments. This significant capital inflow would act as a powerful catalyst for price appreciation, driving Ethereum towards and potentially beyond the $5,000 milestone.</p><h2>#### Strategic Implications for Investors</h2><p>For investors, the insights from Bitwise suggest a strategic approach to navigating the post-ETF launch period. While short-term volatility is expected, those with a long-term investment horizon might find substantial opportunities as the market adjusts and begins to rally. The potential for significant institutional investment through ETFs could fundamentally enhance Ethereum's market position and value proposition.</p><p>Moreover, the anticipated growth in Ethereum's ecosystem, bolstered by advancements in decentralized finance (DeFi) and non-fungible tokens (NFTs), adds another layer of support to the bullish long-term outlook. As more applications and use cases for Ethereum emerge, the demand for the cryptocurrency is likely to increase, further driving up its value.</p><h2>#### Broader Market Impacts and Regulatory Considerations</h2><p>The launch of Ethereum spot ETFs is not just a milestone for Ethereum but also a significant development for the broader cryptocurrency market. It represents growing acceptance and integration of digital assets into mainstream financial systems. However, this also comes with increased scrutiny from regulatory bodies, which could influence market dynamics.</p><p>Bitwise analysts point out that regulatory developments will play a crucial role in shaping the future of Ethereum and the wider cryptocurrency landscape. Positive regulatory clarity and support could foster greater investor confidence and participation, while adverse regulatory actions could pose risks.</p><h2>#### Conclusion: Navigating the Ethereum Market Post-ETF Launch</h2><p>In conclusion, the launch of Ethereum spot ETFs is set to be a pivotal event with both immediate and long-term implications for the cryptocurrency. While short-term selling pressure and price declines are anticipated, the long-term prospects remain robust, driven by potential institutional investments and the continued growth of the Ethereum ecosystem. Investors are advised to stay informed and adopt a strategic approach, balancing short-term risks with the promising long-term opportunities that Ethereum presents.</p>

Will Ethereum Reach $5,000 After ETF Launch? Bitwise Analysts Share Their Insights

<h2>Indian cryptocurrency exchange WazirX recently fell victim to a cyberattack that resulted in the loss of over $230 million in virtual assets. The attack has been linked to North Korean hackers and targeted a multi-signature wallet, which requires multiple keys for transaction authorization.</h2><p>The compromised wallet was managed by six individuals: five from WazirX and one from Liminal. Typically, transactions on the platform require approval from three WazirX signers and one from Liminal. The hackers managed to exploit discrepancies between Liminal's interface and the actual transaction data, bypassing the security measures.</p><p>Upon discovering the breach, WazirX halted all cryptocurrency withdrawals and froze several deposits. The company also reached out to affected wallet owners to assist in recovering the stolen funds. WazirX representatives called the incident a "force majeure," emphasizing that all necessary steps had been taken to protect clients' assets.</p><figure id="figure-q6lv230aiclyvk0i3j"><img id="q6lv230aiclyvk0i3j" src="https://cdn.durable.co/blocks/be0YVBILwcBEn2w2ni4PiCWoN9sSLdulyBRSSoAFQ7Mt6aPZNHpRDZV6cCfrpbH0.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: undefined undefined;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p>Blockchain analytics platform Lookchain reported that traces of the stolen assets have been found, and the perpetrators are looking for buyers. British blockchain analytics firm Elliptic indicated that the thieves began converting the stolen tokens into Ether through various decentralized services. Elliptic also confirmed that the criminals are linked to North Korea, which uses cryptocurrency to circumvent international sanctions and fund its nuclear program.</p><p>WazirX, one of India's largest cryptocurrency exchanges with 16 million users, was acquired by Binance in 2019. However, the acquisition has been mired in controversy: Binance founder Changpeng Zhao claims the deal was never finalized, while WazirX co-founder Nischal Shetty insists otherwise.</p><p>This connection with Binance has added to WazirX's challenges. In December 2023, Binance's operations were suspended in India for anti-money laundering violations. The platform resumed operations only last month after paying a $2.25 million fine.</p><p>WazirX has also faced issues with Indian regulators: in August 2022, the company had $8.1 million in funds frozen as part of a money laundering investigation.</p><p>Legislation to ban or restrict cryptocurrencies is periodically debated in India, but as of mid-2024, no final decision has been made. Joanna Cheng from Fireblocks commented that the lack of clear regulation in India's cryptocurrency sector creates uncertainty and risks for both companies and individual users.</p>

$230 Million Down the Drain: North Korean Involvement in WazirX Theft

<p>Joe Burnett, a well-known figure in the cryptocurrency world, has made a bold prediction. He believes that Bitcoin is on track to hit $750,000. This forecast has generated much interest among investors and crypto enthusiasts.</p><h2>Why Joe Burnett's Prediction Matters</h2><p>Joe Burnett has a strong track record in the crypto market. His analyses and forecasts have often been accurate. When he speaks, people listen. His latest prediction is no different. Many are now evaluating their investment strategies.</p><figure id="figure-0u0uji4kqelyvdi5xs"><img id="0u0uji4kqelyvdi5xs" src="https://cdn.durable.co/blocks/14DgcCz3g1AO0x48VYDAPl9SWwOrL3KJ75sze0aACC2sj34cVT191fEPDgp7J3y3.jpg" alt="bitcoin chart" title="bitcoin chart" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/14DgcCz3g1AO0x48VYDAPl9SWwOrL3KJ75sze0aACC2sj34cVT191fEPDgp7J3y3.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>&nbsp;As demand increases, the price is likely to rise. This scarcity makes Bitcoin a valuable asset.</h3><figure id="figure-5cwx86awadlyvdi6wg"><img id="5cwx86awadlyvdi6wg" src="https://cdn.durable.co/blocks/2a7i44Ze3TYUvx3IHh6os7QBIHId9tYpDCg8aVSuIcxFCPdnI6dxE1crmoDvbW5T.jpg" alt="bitcoin demand" title="bitcoin demand" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/2a7i44Ze3TYUvx3IHh6os7QBIHId9tYpDCg8aVSuIcxFCPdnI6dxE1crmoDvbW5T.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>Market Trends Supporting are starting to recognize and regulate cryptocurrencies. This adds legitimacy to Bitcoin and attracts more investors.</h2><h3>What Investors Should Consider</h3><p>Investors should consider several things before making decisions based on Burnett's prediction. First, they should assess their risk tolerance. Cryptocurrencies are known for their volatility. Prices can swing widely in a short period.</p><figure id="figure-tt4hn5h2llyvdi89q"><img id="tt4hn5h2llyvdi89q" src="https://cdn.durable.co/blocks/1maicTqpE79Qq4RTSHWvR4U81Ye8gbKObF58l96MlD6WT36jFkgjruWPkpUoPcpk.jpg" alt="crypto investment" title="crypto investment" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/1maicTqpE79Qq4RTSHWvR4U81Ye8gbKObF58l96MlD6WT36jFkgjruWPkpUoPcpk.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Second, they should diversifyett's prediction of Bitcoin reaching $750,000 is bold but not unfounded. Several factors and market trends support this forecast. However, investors should proceed with caution. They need to consider their risk tolerance and diversify their portfolios. Only time will tell if Burnett's prediction comes true. For now, it remains a topic of keen interest in the cryptocurrency world.</p>

Joe Burnett Predicts: Bitcoin on Track to Hit $750,000

<h2>### Pavel Durov Announced the Launch of an App Mini-Store and Built-in Browser in Telegram</h2><p>Telegram founder Pavel Durov has announced that this month, the popular messaging app Telegram will launch a new app mini-store and a built-in browser with support for Web3 pages. This innovation will significantly expand the platform's functionality and open up new opportunities for users.</p><figure id="figure-mp6fhzqvv9lyuldsgy"><img id="mp6fhzqvv9lyuldsgy" src="https://cdn.durable.co/blocks/e8K2ww8E3EtXK6OjGVMV7MagqN3x1fg8rlJUksowjitgLTPYQS97rTG49426WM8E.jpg" alt="" title="" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 1/1; object-position: center center;" data-corners="default" data-aspect="1:1" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p>#### App Mini-Store</p><p>The new app mini-store will allow Telegram users to easily find and install various applications without leaving the messenger. This will be especially convenient for those who actively use Telegram for work and communication, as all necessary tools will be available in one place.</p><p>#### Built-in Browser with Web3 Support</p><p>The built-in browser with Web3 support will be another important part of the update. It will provide users with access to decentralized applications (dApps) and other Web3 resources directly through Telegram. This innovation will help users easily interact with blockchain technologies and cryptocurrencies, aligning with the growing interest in decentralized systems.</p><p>#### Payment for Purchases in the Mini-Store</p><p>One of the main questions is the payment method for purchases in the app mini-store. Telegram plans to use its cryptocurrency, TON (The Open Network), for transactions. This will allow users to quickly and securely make purchases within the platform.</p><p>Currently, the price of one TON is $7.40. This means that users can use their cryptocurrency assets to pay for applications and services offered in the mini-store. Using TON for transactions may also contribute to its value growth and popularity among Telegram users and the crypto community in general.</p><p>The launch of the app mini-store and the built-in browser with Web3 support in Telegram will be an important step in the development of the messenger and strengthen its position as an innovative platform for communication and work.</p><p>Stay tuned for news and updates to not miss the launch of new features and capabilities in Telegram!</p>

Pavel Durov Announced the Launch of an App Mini-Store and Built-in Browser in Telegram

Why Many NFTs Turn into Digital Trash: Understanding the Pitfalls

<h2>Understanding Your Audience</h2><p>Before you start promoting and selling your NFT art, it's important to understand your audience. Who are they? What kind of art do they appreciate? Knowing this will help you tailor your marketing strategies to attract the right buyers.</p><p>Spend some time researching the NFT market. Look at what types of art are selling well and who is buying them. Join NFT communities and forums to get insights and connect with potential buyers.</p><h2>Building Your Online Presence</h2><p>Having a strong online presence is crucial for promoting and selling your NFT art. Start by creating a professional website or portfolio showcasing your work. Make sure to include detailed descriptions and high-quality images of your art.</p><p>Use social media platforms to reach a wider audience. Share your art regularly and engage with your followers. Platforms like Twitter, Instagram, and Discord are popular among NFT artists and collectors.</p><h3>Leveraging Social Media</h3><p>Social media is a powerful tool for promoting your NFT art. Use hashtags to increase visibility and join conversations related to NFTs and digital art. Engage with other artists and collectors by commenting on their posts and sharing their work.</p><p>Consider creating a blog or vlog to share your journey as an NFT artist. This can help you build a personal brand and connect with your audience on a deeper level.</p><figure id="figure-il98nop5nmlyspdajs"><img id="il98nop5nmlyspdajs" src="https://cdn.durable.co/blocks/17mM9KfFBaJTIJOvDVvoIUAmeEUP7JxsJ4ngTPhY9uarlXytKPWRyqfGYzFDskNI.jpg" alt="two people sitting during day" title="two people sitting during day" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="null" data-positiony="null" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/17mM9KfFBaJTIJOvDVvoIUAmeEUP7JxsJ4ngTPhY9uarlXytKPWRyqfGYzFDskNI.jpg" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h2>Choosing the your needs.</h2><p>Some popular NFT marketplaces include OpenSea, Rarible, and Foundation. Look at the types of art sold on each platform and the fees they charge. Choose a marketplace that aligns with your goals and target audience.</p><h3>Creating High-Quality NFTs</h3><p>The quality of your NFTs can significantly impact their marketability. Ensure that your digital files are high resolution and properly formatted. Pay attention to details like color accuracy and file size.</p><p>Consider adding unique elements to your NFTs, such as unlockable content or limited editions. This can make your art more appealing to collectors and increase its value.</p><figure id="figure-ov46heij42lyspdd6q"><img id="ov46heij42lyspdd6q" src="https://cdn.durable.co/blocks/1b1jQgAKphGRXb3PqLBxEirgvQsOgajc3SAQBBllWbmYcHGWBYcp5Alr0l17AJ8q.jpg" alt="digital art" title="digital art" class="object-cover bg-gray-100 rounded-sm md:rounded-md lg:rounded-lg" style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="null" data-positionY="null" data-fullWidth="false"/></figure><h2>Marketing Your and exhibitions.</h2><p>Collaborate with other artists and influencers to expand your reach. Host giveaways and contests to engage your audience and generate interest in your work.</p><h3>Building Relationships with Collectors</h3><p>Building relationships with collectors can help you sell your NFT art. Engage with them on social media and respond to their comments and messages. Show appreciation for their support and keep them updated on your latest work.</p><p>Consider offering exclusive perks to your collectors, such as early access to new releases or personalized art. This can help you build a loyal fanbase and increase the value of your NFTs.</p><h2>Monitoring Your Progress</h2><p>Keep track of your sales and marketing efforts to see what works and what doesn't. Use analytics tools to monitor your website traffic, social media engagement, and sales performance.</p><p>Adjust your strategies based on your findings. Continuously improve your marketing efforts to attract more buyers and increase your sales.</p><p><br></p>

Blog

Will Ethereum Reach $5,000 After ETF Launch? Bitwise Anal...

$230 Million Down the Drain: North Korean Involvement in ...

Joe Burnett Predicts: Bitcoin on Track to Hit $750,000

Pavel Durov Announced the Launch of an App Mini-Store and...

Why Many NFTs Turn into Digital Trash: Understanding the ...

How to Promote and Sell Your NFT Art: Tips and Tricks