Five Altcoins Ready to Ignite

Looking at ADA, XRP, XLM, SHIB, and FTM

OVERVIEW

5 Altcoins Ready To Ignite šŸ”„ 

Source: Tenor

Before we dive in, hereā€™s todayā€™s crypto market heatmap:

Source: Santiment

And hereā€™s a look at cryptoā€™s total and altcoin market cap YTD:

Source: TradingView

New In Three Sentences
Crypto News šŸ“°

šŸ’µ BlackRock Tokenizes Liquidity Fund on Avalanche

BlackRockā€™s USD Liquidity Fund (aka BUIDL) is now tokenized on Avalanche. Each token equals $1 (most of the time) and pays daily dividends, proving even TradFi wants a slice of DeFi pie. With $500M tokenized, BlackRock just made Avalanche a little more institutional. AVAX blog.

šŸ” China Might Soften Crypto Stance Thanks to U.S. Policies

HashKey Groupā€™s CEO believes Trumpā€™s pro-crypto administration could push China to rethink its ban on digital assets. Rising geopolitical tensions and a need for alternative financial systems could accelerate this timeline. If crypto becomes China-friendly, Southeast Asiaā€™s scam factories better watch their backs. Bitcoinist.

šŸŒ Alibaba Partners with MultiversX to Conquer Asian Markets

Alibaba Cloud announced a partnership with MultiversX (EGLD), supporting the blockchainā€™s expansion into Asia with hackathons and community events. This follows EGLDā€™s Upbit listing and a strong push into South Korea and other major markets. MultiversXā€™s plan to rival Ethereum just got a corporate-sized boost. Finbold.

šŸšØ U.S. Hacker Sentenced for Laundering $4.5 Billion in Stolen Bitcoin

Ilya Lichtenstein, infamous for the 2016 Bitfinex hack, will serve five years for laundering nearly 120,000 stolen BTC. His wife, Heather Morganā€”better known as the worst god-damned rapper everā€”is awaiting sentencing. The case included the largest financial seizure in DOJ history. BBC.

šŸ“‰ SEC Crypto Cases Could Fade Under Trump, Says Consensys CEO

Consensys CEO Joe Lubin predicts the crypto industry will save "hundreds of millions" if Trump makes good on promises to fire Gary Gensler and appoint pro-crypto cabinet members. Trumpā€™s reelection has sparked hope for dismissals or settlements in SEC cases against major players like Coinbase, Binance, and Ripple. Cointelegraph.

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