XRP to $4 next? SBF's parents seek Trump pardon, and more
An analyst predicts XRP could reach $4 by the end of February, driven by a 50% rise in January amid positive regulatory developments for Ripple Labs and increased adoption by financial institutions. The parents of former FTX CEO Sam Bankman-Fried are reportedly pursuing a presidential pardon from Trump. In other news, Binance argues it had no special relationship with Hamas amid a lawsuit, while Kraken has resumed staking services in the U.S. after a two-year hiatus. Additionally, Elon Musk's father plans to raise $200 million through a new memecoin called 'Musk It', and MicroStrategy has priced a preferred stock offering to fund further Bitcoin acquisitions. The total cryptocurrency market cap is at $3.52 trillion, with notable winners being Onyxcoin, MANTRA, and Jupiter, while Pudgy Penguins experienced a significant drop. The market remains vigilant with ongoing legal scrutiny and regulatory changes, particularly affecting stablecoins like Tether and platforms like BKEX in China.
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