U.Today – Take a look at what’s been happening in the crypto world by reading the top three news stories from U.Today.
SEC boss Gensler announces his resignation
Gary Genler, Chairman of the United States Securities and Exchange Commission, addressed his X followers with a thread, announcing that he will leave his post at the agency on January 20, 2025. In his thread discussion, Gensler wrote that the SEC is a “remarkable” agency whose “mission-driven” staff focuses on investor protection. He expressed his honor to serve alongside these “real public servants” to ensure that capital markets remain “the best in the world.” Previously, U.Today reported that the leading candidate to succeed Gensler is currently Dan Gallagher, chief legal officer of Robinhood (NASDAQ:). However, there are other contenders as well. Gensler’s tenure was notable for his strong stance on cryptocurrency regulation. The next SEC boss is widely expected to take a more crypto-friendly approach.
Crucial (BTC) Buy Warning Issued by Samson Mow
Samson Mow, staunch Bitcoin advocate and CEO of JAN3, has issued a warning as Bitcoin approaches the $100,000 mark. Recently, the flagship crypto hit an all-time high of $99,000, prompting Mow to adopt the of dollars” are decreasing. “You can still buy #Bitcoin for less than $0.10 million,” the CEO wrote. Mow attributes its bullish outlook to two factors: a supply shock resulting from the Bitcoin halving that took place in April and a looming demand shock driven by institutional investments via spot Bitcoin ETFs. According to Mow’s predictions, Bitcoin could reach $1 million in the next year, especially as momentum builds after its approach to $100,000.
(SHIB) about to escape? Bull flag signals $0.000037
According to crypto analyst Ali Martinez, Shiba Inu is currently forming a bullish flag pattern, indicating the potential for an upward move to $0.000037 if it manages to break through the resistance at $0.000025. A bull flag often signals a continuation of upward price momentum after a rise, leading to a consolidation phase that looks like a flag on price charts. Yesterday, SHIB price rose nearly 3.5%, demonstrating a recovery from recent volatility in its price action. Even though SHIB reached a high of $0.00003 earlier this month, it has since seen a decline of up to 25% and 18% from current levels; however, the total price increase this month alone is 38.6%. The analyst highlights that it is crucial to break through the $0.000025 resistance for the bull flag to materialize; otherwise, the model may not perform as expected.