The no-action letter comes amid growing acceptance by US regulators of 
prediction-style markets and event contracts during an election year.

CFTC issues no-action letter to Bitnomial, clearing way for event contracts

Grayscale registered a Delaware trust for a proposed BNB ETF as the token lags 
broader crypto market gains.
The post Grayscale registers BNB ETF in Delaware appeared first on Crypto 
Briefing.

Grayscale registers BNB ETF in Delaware

The US president reportedly said he had no intention of pardoning the former 
FTX CEO, and defended his family’s connections to the crypto industry.

Donald Trump will not consider pardon for Sam Bankman-Fried: NYT

Dogecoin’s price action has a habit of compressing quietly before going on a 
massive rally, and the late-2024 rally is one of the clearest examples of that 
behavior. After spending weeks grinding sideways around $0.10, the meme coin 
transitioned into a parabolic phase that carried the price to about $0.45 in a 
matter of two to three months. Now, how high would the Dogecoin price go if it 
were to repeat that same parabolic structure? How Dogecoin’s Late-2024 
Parabolic Run Played Out The 2024 rally began from a base that had formed just 
above $0.10, right where Dogecoin spent a long time absorbing sell pressure. 
Once buyers regained control, Dogecoin cleared intermediate resistance around 
$0.15 and $0.20 with minimal pullbacks, then entered a vertical phase that 
pushed it through $0.30 and to $0.45. Related Reading: Dogecoin 50% Crash: Q4 
Set To End In Red As All Supports Fail The key takeaway from that period is 
not just the magnitude of the move, but its speed, as Dogecoin delivered a 
roughly 4.5x increase in a very short time window of less than four weeks. 
That move unfolded rapidly, with little warning, and was characterized by 
expanding volume, strong bullish candles on the 4-hour candlestick timeframe, 
and momentum indicators pressing into overheated territory. As shown in the 
chart below, this period was characterized by high RSI readings that pushed 
into the 70 to 80 range. Applying The Same Parabolic Structure Parabolic 
rallies often catch many investors off guard. Particularly, one of the 
defining features of Dogecoin’s strongest rallies is that they rarely announce 
themselves clearly. Since Dogecoin has performed like that before, then it is 
not out of proportion to expect similar performance, especially considering 
that it is now back to trading close to the lows that it rebounded from in 
late 2024. Related Reading: Can Dogecoin Price Reach $1 In 2026? Analysts 
Reveal What To Expect If Dogecoin were to produce a similar percentage 
expansion from a higher base, the arithmetic would also be straightforward. 
Using $0.15 as a reference level, a move equivalent to the late-2024 rally 
would project the price to around $0.60 to $0.67. That scenario assumes the 
same kind of rally seen previously, where the consolidation finally gives way 
to a parabolic rally, not a gradual grind higher. In practical terms, a trader 
holding 1,000 DOGE at $0.15 would have a position valued near $150 at entry, 
while a move to anywhere between $0.60 and $0.67 would lift that same holding 
into the $600 to $675 range. These figures do not come with any suggested 
timeline. Instead, they serve to show how Dogecoin’s past parabolic moves 
would translate if the same price behavior were applied to current levels. 
Even under that framework, the projected move is below Dogecoin’s existing 
all-time high of $0.76. At the same time, separate outlooks are already 
pointing to a push beyond that peak, with one notable prediction expecting a 
move to $0.80 very soon. Featured image from Getty Images, chart from 
Tradingview.com

Here’s How High The Dogecoin Price Would If It Repeats Previous Parabolic Runs

On Jan. 8, the Truebit protocol’s native token (TRU) plummeted 99.95% to near- 
zero after a $26 million exploit. Security firm Cyvers Alerts detected the 
anomaly when a single address siphoned approximately 8,535 ether. The Anatomy 
of the Attack The native token of Truebit, a verification and orchestration 
layer for tokenized assets, collapsed by 99.95% on […]

Cryptocurrency price in DKK