Crypto

Binance CEO Predicts Bitcoin Rally Above $80,000, But What Will Drive It? | Bitcoinist.com

Published

2 years ago

June 18, 2024

Binance CEO Predicts Bitcoin Rally Above ,000, But What Will Drive It? | Bitcoinist.com

Binance Chief Executive Officer (CEO), Richard Teng has made a bullish prediction for Bitcoin, the world’s largest cryptocurrency. Despite BTC’s recent downward trend, Teng foresees the cryptocurrency hitting $80,000 in this market cycle, citing the influence of Spot Bitcoin ETFs and Spot Ethereum ETFs as potential drivers.

Bitcoin Predicted To Hit $80,000 In 2024

In a recent interview on the YouTube channel, Bankless, Teng shared his 2024 prediction for Bitcoin, foreseeing major gains ahead for the pioneer cryptocurrency.

The Binance CEO disclosed that in 2023, he had initially predicted BTC would hit an all-time high of $80,000. However, with the significant market changes brought about by the approval and launch of Spot Bitcoin ETFs, he now anticipates Bitcoin surpassing $80,000 before the end of the year.

Teng’s BTC outlook for 2025 is even more impressive than his 2024 price prediction. He predicted that 2025 would be an incredibly bullish year, highlighting key drivers like improvements in macroeconomic factors and more favorable environments for the cryptocurrency industry.

For 2024, the Binance CEO highlighted several factors that could drive Bitcoin towards his predicted price target. He discussed a high potential for the Federal Reserve (FED) to cut down rates before the end of 2024. Additionally, he pinpointed the influx of capital into Spot Bitcoin ETFs and the recent approval of Ethereum Spot ETFs.

Basing his previous predictions of BTC on its historical performance after each halving event, Teng expressed surprise that the pioneer cryptocurrency had risen to new all-time highs above $73,000 before its halving event on April 20. He acknowledged his oversight, as he had expected BTC to reach a new all-time high at least six months after its halving event.

Due to the massive success of the Spot Bitcoin ETF launch and the billions of capital flowing into the market, Teng has changed his previous predictions, declaring that BTC’s price would surge significantly higher than his base prediction from the end of last year. Although the Binance CEO refrained from giving an exact predictive value for Bitcoin’s price, he emphasized Standard Chartered’s bullish prediction of the cryptocurrency earlier this year, which saw BTC potentially hitting $200,000 or even as high as $250,000 by 2025.

Update On BTC’s Current Price

Despite the hype surrounding the upcoming launch of Spot Ethereum ETFs and the significant inflows into Spot Bitcoin ETFs, the price of BTC has remained slightly below expected levels. The cryptocurrency is currently trading at $65,649, reflecting a 2.54% decline over the past week, according to CoinMarketCap.

While its trading volume remains relatively high, recording a 108.35% increase in its 24-hour trading volume, its price has plummeted by 2.47% over the past month. Popular Crypto analyst, Ali Martinez has highlighted the negative impacts a continuous downtrend would have on BTC’s value. Martinez revealed that Bitcoin needs to climb back above $66,254 to avoid spiraling down to new lows at $61,000.

BTC price drops below $65,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Crypto

China Discovers ‘Largest’ Undersea Gold Deposit in Asia as State Mining Ambitions Expand

Published

6 hours ago

December 21, 2025

Press Room

China Discovers ‘Largest’ Undersea Gold Deposit in Asia as State Mining Ambitions Expand

China says it has uncovered Asia’s largest undersea gold deposit, a massive offshore find that strengthens domestic supply, reshapes regional resource rankings, and highlights Beijing’s accelerating push to secure strategic minerals.

Crypto

North Korean hackers allegedly stole record $2.02 billion of cryptocurrency in 2025. Here’s how they did it | Stock Market News

Published

18 hours ago

December 20, 2025

Press Room

North Korea remains dominant threat to cryptocurrency security in 2025, even while confirmed incidents have decreased, according to a report by blockchain analytics company Chainanlysis.

Hackers from the Democratic People’s Republic of Korea (DPRK) allegedly stole a record $2.02 billion of crypto this year — a 51% jump compared to 2024, and taking their all-time total to $6.75 billion, it added.

The analysis further found that the DRPK is achieving larger thefts with fewer incidents, using unique methods to gain access and pull off their heists.

North Korea’s alleged crypto heists: Here’s how they did it

As per the report, these hacks were often carried out in unique fashion by embedding IT workers inside crypto services or using sophisticated impersonation tactics targeting executives.

Embedding IT workers

This is among the DPRK’s “principal attack vectors”, the report said. It added that the hackers secured jobs inside crypto services to gain privileged access and enable high‑impact compromises.

“Part of this record year likely reflects an expanded reliance on IT worker infiltration at exchanges, custodians, and web3 firms, which can accelerate initial access and lateral movement ahead of large‑scale theft,” it noted.

Fake jobs

Further, taking the IT worker model and “flipping it on its head”, the analysis said that DPRK-linked operators are also increasingly impersonating recruiters for prominent web3 and AI firms. This way, they orchestrate fake hiring processes that culminate in “technical screens” designed to harvest credentials, source code, and VPN or SSO access to the victim’s current employer.

“At the executive level, a similar social‑engineering playbook appears in the form of bogus outreach from purported strategic investors or acquirers, who use pitch meetings and pseudo–due diligence to probe for sensitive systems information and potential access paths into high‑value infrastructure,” it added.

Higher- value attacks

Over the years, DPRK-linked operators are increasingly undertaking significantly higher-value attacks compared to other threat actors. “This pattern reinforces that when North Korean hackers strike, they target large services and aim for maximum impact,” the report added.

It noted that “this year’s record haul came from significantly fewer known incidents”, including the massive $1.5 billion Bybit hack in February 2025.

DPRK’s distinctive laundering patterns

Not just the hacking process, the laundering of stolen funds is also distinctive, the report said. It noted that more than 60% of laundering was of volume concentrated below $5,00,000 transfer value tranches, despite the total stolen amounts being larger.

“Even while the DPRK consistently steals larger amounts than other stolen fund threat actors, they structure on-chain payments in smaller tranches, speaking to the sophistication of their laundering,” it added.

Crypto

Coinbase Security Impersonation Scheme Exposed as Authorities Claim Nearly $16M Was Siphoned

Published

1 day ago

December 20, 2025

Press Room

Coinbase Security Impersonation Scheme Exposed as Authorities Claim Nearly M Was Siphoned

Authorities allege a sweeping crypto phishing operation that drained nearly $16 million from Coinbase users nationwide, underscoring how social engineering scams exploit trust, move funds across blockchains, and trigger aggressive enforcement by New York prosecutors.