Yes

>>Cryptocurrency faces a crucial week for Bitcoin, Ethereum, and broader macro events

Cryptocurrency faces a crucial week for Bitcoin, Ethereum, and broader macro events

crypthub

3 days ago

Bank of America Enables Crypto Allocation

Starting Jan 5, advisers at Bank of America Private Bank, Merrill and Merrill Edge can recommend crypto exchange‑traded products. The bank removed asset thresholds, shifting advisors from execution‑only to active allocation guidance. Chris Hyzy suggested a modest 1‑4% allocation for investors comfortable with higher volatility. Even a small, long‑term exposure across BofA’s wealth network could impact crypto prices.

Ethereum Improves Blob Throughput

On Jan 7 Ethereum will launch the second Blob Parameter Only upgrade (BPO2), raising per‑block blob targets to 14 and 21. This config‑only change expands roll‑up data capacity without a hard fork. Increased blob supply may lower blob fees, reducing costs passed to L2 users, though relief depends on demand keeping pace with supply. Stability validation remains essential as targets grow.

Token Unlocks and Privacy Upgrades

Hyperliquid’s HYPE token will unlock 1.2 million tokens on Jan 6, valued at about $31 million, while core contributors hold rights to roughly 237 million tokens. The release could create sell pressure, but actual impact hinges on holder behavior. Stellar is upgrading its testnet to Protocol 25 “X‑Ray” on Jan 7, adding zero‑knowledge privacy tools while preserving transparency. Developers must update SDKs before the testnet launch.

Macro Factors Influencing Crypto

Geopolitical events, such as the capture of Venezuela’s president, lifted Bitcoin while oil markets steadied. US political speculation about the Fed Chair successor adds volatility to rate expectations. Crypto desks see the upcoming US market open and potential nomination date as key risk markers. At press time the total crypto market cap was $3.12 trillion.