Standard Chartered Bank: Bitcoin to Reach $200,000 This Year, Then Increase by $100,000 Annually for 3 Years
On February 5th, Standard Chartered Bank forecasted that the price of Bitcoin (BTC) would surge to $500,000 prior to Donald Trump leaving his position as the President of the United States. The bank holds the view that this price increase would be facilitated by a more regulatory-friendly atmosphere and a broader path for asset acquisition.
Standard Chartered Bank believes that the price of Bitcoin will reach $200,000 in 2025, steadily rise to $300,000 in 2026, increase to $400,000 in 2027, and then ascend to $500,000 in 2028.
Standard Chartered Bank considers the main reason for Bitcoin's growth potential to be the enhanced investor participation since the launch of a Bitcoin exchange-traded fund (ETF) in the United States in January 2024.
Standard Chartered Bank analyst Geoff Kendrick pointed out that the narrative of national digital asset reserves is also of great significance for Bitcoin, as this might prompt other central banks to contemplate Bitcoin investments. If this initi
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Analyst: Bitcoin has dropped below the 2025 CEX Withdrawal Average Price, staying below this level may trigger further selling pressure
On February 5th, Coindesk analyst James Van Straten declared that the average Bitcoin (BTC) withdrawal price from exchanges in 2025 is currently $100,356. Presently, the trading price of Bitcoin is slightly lower than this level, fluctuating around $98,000. When Bitcoin remains below the average withdrawal price for a considerable period, people start to get worried, usually triggering continuous selling pressure and resulting in further downward price movement. Historically, this indicator has always served as a strong support level for Bitcoin.
James Van Straten further added that falling below this support level does not necessarily indicate a bear market or continuous decline. Historically, Bitcoin tends to quickly rebound to this price level. However, currently, more than 2.6 million BTC are in a state of unrealized losses. The longer the price stays below the 2025 average withdrawal level, the greater the likelihood of further decline.
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Chainalysis: Ransomware Payments Fall by 35% YoY in 2024
On February 5th, according to The Block, the findings of Chainalysis's 2025 Crypto Crime Report showed that in 2024, ransomware payments saw a 35% year-on-year decrease, dropping from $1.25 billion in 2023 to $813 million. The report indicated that ransom amounts in the first half of the year had once exceeded those in the same period of 2023, with the Dark Angels group demanding as much as $75 million in a single ransom. However, a substantial decline in ransomware payments in the second half of the year resulted in a full-year decrease in the total amount.
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Alchemy Pay has announced a strategic investment in the South Korean electronic financial platform EZPG Co., Ltd.
On February 5th, Alchemy Pay declared that it had made a strategic investment in the South Korean electronic financial platform EZPG Co., Ltd. This investment allowed Alchemy Pay to acquire EZPG Co., Ltd.'s registration as an electronic financial business under the supervision of the Financial Supervisory Service (FSS), which is South Korea's comprehensive financial regulatory authority.
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The Ethereum Foundation transferred approximately 220 ETH to a multisig contract, intended for donation to BuidlGuidl.
On February 5th, as per Arkham's monitoring, the Ethereum Foundation's Grant Provider address transferred approximately 220.452 ETH (valued at around $618,000) to a 4/8 multi-signature contract address (beginning with 0xeF) just 1 hour ago. This funding is likely to be used for a donation to BuidlGuidl. BuidlGuidl is an organization that is committed to assisting Ethereum developers in building products, prototypes, and tutorials.
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Meme Project PAIN: The presale raised 185,976 SOL and will refund 80% of the raised funds
On February 5th, the Meme project PAIN officially announced on social media that it had raised 185,976 SOL within the first 48 hours of its presale. However, the launch of this Meme does not require such a large amount of funding. At the time of launch, PAIN will refund 80% of the raised funds and use the remaining 20% to support releases, provide liquidity, and pay for listing fees (if any).
BlockBeats reminds users that Meme coins often lack practical use cases and presale projects carry the risk of being a "rug pull" (a fraudulent scheme where developers abandon a project after raising funds). Therefore, investments should be made with caution.
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