Project news
Citibank raises the 12-month target prices for Bitcoin and Ethereum to $113,000 and $3,028 respectively
Deep Tide TechFlow news, on October 1st, according to Reuters, Citigroup raised its 12-month target prices for Bitcoin and Ethereum. The Bitcoin target price was raised from $82,000 to $113,000, and the Ethereum target price was raised from $2,240 to $3,028.
In a report released on Wednesday, Citigroup stated that inflows into the crypto market are expected to resume, but the growth rate has slowed compared to before, with the overall trend becoming more stable. As advisory institutions and brokerages gradually increase Bitcoin allocations, inflows are expected to continue. Citigroup anticipates $5 billion in inflows into the crypto market over the next 12 months.
The report also mentioned that the U.S. Senate last week failed to advance the CLARITY Act, which aims to establish a regulatory framework for digital assets; additionally, the recent weakening of the U.S. dollar after the Treasury's repurchase of long-term government bonds has also reignited momentum in the crypto market.
Vitalik: Ethereum will become a hybrid architecture combining blockchain and modern cryptography
Odaily Planet Daily reports that Vitalik posted on the X platform stating that he tried to briefly explain the true meaning of Ethereum's various plans after the Hegota fork. Ethereum is no longer just a blockchain, but a hybrid architecture combining blockchain and modern cryptography, capable of achieving more powerful features; related plans include FOCIL, EIP-8288, simplified consensus, state management, formal verification, mempool improvements with privacy features, and long-term obfuscation technology.
Big brother Maji calls on ETH to hit $3000: "ETH love you 3000"
Odaily Planet Daily reports that Maji Big Brother posted on the X platform: "ETH love you 3000," seemingly hinting at the expectation that ETH could reach the target price of 3000 USD.
This expression appears to borrow from the classic line "I love you 3000" in the movie "Avengers: Endgame," which is spoken by Iron Man's daughter Morgan as a response to her father's "I love you tons," later used again by Iron Man in his final words, becoming an important emotional link in the character's storyline.
Tom Lee: Robinhood chose Ethereum not because of low fees, but because of its security and liquidity
Odaily Planet Daily reports that Tom Lee stated in an interview that Ethereum's value proposition is gradually surpassing merely earning transaction fees; it does not need to grow by maximizing Gas fees or extracting more value from projects on the network. Meanwhile, ETH is evolving into a store-of-value asset, with users holding ETH because it has practical use and appreciation potential. Robinhood chose Ethereum as the infrastructure for its related business mainly due to its security and liquidity, rather than low transaction fees.
Peter Brandt: ETH may rise to $8600 after breaking through $5000
Odaily Planet Daily reports that veteran trader Peter Brandt stated that his long-term ETH chart shows if ETH breaks through $5000, the price could eventually rise to $8600. The chart marks a higher target at $8674.50.
Brandt emphasized that publishing charts or making price predictions is not the same as actual trading, claiming that those who have completed trades must provide proof of trading. His commodity trading career began in 1976, and he founded Factor Trading Co. in 1980. (Bitcoin News)
Ethereum ETH