🌐 Crypto Market Cap Could Soar to $10 Trillion by 2026 with Trump Administration: Standard Chartered 🚀
According to Standard Chartered, a Republican victory could usher in favorable regulations and policies, potentially pushing the crypto market cap to $10 trillion by 2026. 💰📈
They also maintains bullish targets, predicting Bitcoin at $200,000 and Ethereum at $10,000 by 2025.
Solana is expected to outpace both. While a U.S. Bitcoin reserve is unlikely, it could be a game-changer if considered. 🤔
🇺🇸 Crypto Market Rises Post-U.S. Elections:
The outcome of the U.S. presidential election sparked increased activity in the crypto market.
Donald Trump’s win boosted investor confidence, pushing Bitcoin above $80,000 and allowing it to surpass Meta in market capitalization.
Solana also entered the top four cryptocurrencies, now valued over $100 billion.
Over $499 million in liquidations occurred in the past day, with $370 million in short positions.
Traders anticipate continued volatility amid election uncertainties.
User Loses $25M Due to Wrong Address! 🙀
A crypto user mistakenly sent $25 million worth of Renzo restaked ether to the wrong address, locking the funds potentially forever.
Instead of sending to their safe wallet, they accidentally transferred the funds to a safe module address, which they can't withdraw from without Renzo’s intervention. 🤷
👒 Desperate to recover the funds, the user appealed to hackers and white hats on social media, offering a $2.5 million reward for assistance.
However, experts suggest that the only solution may be if Renzo upgrades its contract with a rescue feature—a step they have yet to respond to. 🧐
This incident is a stark reminder of the risks in crypto transactions, where even a small copy-paste error can lead to massive losses.
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