Cryptocurrency Summary

Bitcoin has rebounded to around $93,000 after dipping to post-Fed lows, though altcoins continue to face pressure. According to multiple reports, the anticipated next price target for Bitcoin is $76,000, driven by a new year bear flag pattern.

In other news, the U.S. Commodity Futures Trading Commission is revisiting its guidance on 'actual delivery' for cryptocurrencies, which could offer more flexibility for exchanges, as reported by Cointelegraph.

Furthermore, the CFTC is moving towards confirming new crypto regulators at the agency, indicating a potential shift in the regulatory landscape. Meanwhile, in a notable development, the crypto investment firm Blockstream is set to acquire TradFi hedge fund Corbiere Capital, signaling increasing integration between traditional finance and cryptocurrency markets.

Additionally, Ripple's XRP has expanded its ecosystem by landing on Solana and Ethereum, marking a significant development for the blockchain. On the regulatory front, the sentencing of Do Kwon, the founder of Terraform Labs, to 15 years in prison for misleading investors about experimental coins that contributed to a $40 billion loss, has drawn considerable attention.

This incident underscores the ongoing scrutiny faced by cryptocurrency founders as the industry navigates its evolving regulatory framework.