Citigroup Cuts Bitcoin and Ether Price Targets as US Crypto Legislation Stalls
Citigroup lowered its 12-month price targets for Bitcoin and Ether, citing weaker network activity and delays in US crypto legislation despite continued ETF inflows.
A gas war refers to situations on blockchain networks where users compete to have their transactions processed faster by offering higher transaction fees. This typically occurs during high-demand events such as token launches, NFT mints, or airdrops. Since many blockchains prioritize transactions with higher fees, users increase their gas prices to gain priority in the queue. As a result, fees can rise significantly within a short period, making participation expensive and unpredictable. Gas wars can lead to network congestion and failed transactions, especially for users who set lower fees. They highlight scalability challenges in blockchain systems and the impact of demand on transaction costs.
Citigroup lowered its 12-month price targets for Bitcoin and Ether, citing weaker network activity and delays in US crypto legislation despite continued ETF inflows.
BlackRock has introduced a Nasdaq-listed staked Ethereum ETF that combines spot ETH exposure with staking rewards. The product expands the firm’s digital asset investment lineup.
OP Labs, the team behind Ethereum Layer 2 solution Optimism, laid off 20 employees to focus on core initiatives amid a transitional year for the protocol.…
Mastercard launches Crypto Partner Program with 85+ partners to connect blockchain systems with banks, merchants, and global payments for real-world use cases.
Ripple plans to obtain an Australian Financial Services License through the acquisition of BC Payments Australia, expanding its regulated payments infrastructure in the region.
US prosecutors are seeking an October 2026 retrial for Tornado Cash co-founder Roman Storm on unresolved money laundering and sanctions charges after a hung jury in…
US institutions invested $540 million in spot Solana ETFs during Q4, with investment advisers and hedge funds leading allocations, highlighting growing institutional engagement in SOL.
Crypto markets are consolidating after a volatile start to 2026. Bitcoin, Ethereum and select layer-1 networks remain key assets to watch as institutional demand stabilizes.
Bitwise Asset Management has contributed $233,000 to Bitcoin developers, marking its second annual donation tied to the success of its Bitcoin ETF.
Andreessen Horowitz is raising a fifth crypto-focused fund targeting $2 billion, amid declining venture activity and broader crypto market pressures.