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Ethereum (ETH) has experienced a significant surge in its price, reaching levels not seen in nearly two years. On Monday, ETH climbed to $3,024, marking its highest level since April 26, 2022. This surge comes as investors anticipate the approval of spot ether exchange-traded funds (ETFs) in the U.S.

BlackRock's Bitcoin ETF Inflows Surge BlackRock's iShares Bitcoin Trust (IBIT) has made a significant impact in the ETF market just 17 days after its launch. With a staggering $3.2 billion in year-to-date inflows, IBIT has quickly climbed to become one of the top five ETFs of 2024, according to Bloomberg Intelligence data.

Solana has recently achieved a significant milestone with its second smartphone, garnering over 100,000 pre-orders and securing a substantial $45 million for further development. This achievement marks a notable contrast to its first crypto-enabled phone, which took nearly a year to sell 20,000 units.

Ever since they first exploded onto the world stage, cryptocurrencies like Bitcoin and Ethereum have increasingly become sought-after assets due to their appealing value propositions. For example, when one looks at Bitcoin, it has performed better than gold many times throughout the past few years.

Cryptomarket Update Amidst the current volatility in the crypto market, Bitcoin has shown resilience by attempting to push past the $46,000 mark, marking a nearly 5% gain for the day. Spot trading volumes on centralised exchanges saw a notable rise in January for the fourth consecutive month, reaching levels last seen in June 2022.

At ICONOMI, we've not only witnessed the meteoric rise of cryptocurrencies but have also played a pivotal role in making this dynamic asset class accessible to a broader audience. From our groundbreaking ICO in 2016 to becoming a leader in social crypto copy trading, our journey is intertwined with the evolution of the cryptocurrency market itself.

Chainlink's native token, LINK, experienced a notable surge of 16 % over the past 7 days, reaching a 22-month high. This surge comes amidst a relatively stable Bitcoin (BTC) trading around $43,000, while altcoins, including LINK, showed gains. The surge in LINK marks an end to a three-month period of consolidation, positioning it as one of the leading decentralised oracle networks in the cryptocurrency market.

Ever since the recent news of the first Bitcoin ETF being approved in the US, many investors are looking to see if the UK has any Bitcoin (BTC) ETFs that they can invest into; for the purpose of gaining exposure to the digital currency market.

FTX Repayment Expectation and FTT Token Fluctuation FTX is anticipated to repay its customers fully as per a court hearing. However, the full recovery of customer assets hinges on the date of FTX's bankruptcy, sparking debate among claimants due to market fluctuations. While the expectation of full repayment offers a glimmer of hope to affected users, the uncertainty surrounding the timing and method of reimbursement has contributed to market volatility.