Web3🌕Monday Highlights: Bitcoin's Range, Stellar Smart Contracts Delay, Google's Crypto Ad Shift, and Sotheby's Poetry Auction!

Welcome to a new week filled with exciting Web3 developments! This Monday brings a diverse spectrum of updates, from Bitcoin's market movements to Stellar's smart contracts delay, Google's crypto ad policy shift, and a groundbreaking poetry auction at Sotheby's. Join us as we delve into the latest trends and events shaping the Web3 landscape, promising insights that resonate across the realms of finance, technology, and art. Let's embark on this journey together, exploring the forefront of decentralized innovations and the intersections of traditional institutions with the evolving blockchain space.

1. Bitcoin's range consolidation signals potential for SOL, AVAX RNDR, and SUI.

Bitcoin explores $38,000-$49,000 range, favoring SOL, AVAX RNDR, SUI. Bitcoin demand persists as BlackRock's iShares Bitcoin Trust hits $2B AUM. Altcoins like SOL show bullish signs, targeting $107 and $117. AVAX faces resistance but can surge to $44 and $50 on a breakout. RNDR consolidates in $3.56-$4.40 range; breach may lead to $5.07 and $5.28. SUI in uptrend faces $1.50 resistance; break opens path to $2. Bulls defend key levels, but bears seek reversals. Bitcoin ETF inflows and halving in focus.

Bitcoin range consolidation sets the stage for SOL, AVAX RNDR and SUI

Bitcoin’s consolidation in the short term may shift focus to select altcoins such as SOL, AVAX, RNDR and SUI.

CointelegraphRakesh Upadhyay

2. Stellar Foundation supports smart contracts upgrade delay.

The anticipated Stellar blockchain upgrade, introducing Ethereum-style smart contracts, faces a delay due to a bug discovered in the v20.1.0 software. Initially deemed low-risk, feedback from the developer community prompted the Stellar Development Foundation (SDF) to reconsider the Jan. 30 target date. Despite six tier-1 validators, including SDF, planning to disarm, the upgrade could proceed if other validators opt for it. A fix for the bug is expected within two weeks, and if postponed, the foundation will coordinate a future vote date. Stellar's upgrade aims to infuse programmability, similar to Ethereum's smart contracts, potentially revitalizing the XLM token's market.

Stellar’s Foundation Supports Delay of Smart-Contracts Upgrade After Bug Found

A bug in the upgraded software, identified Jan. 25, was deemed to pose “little risk,” but after “robust feedback” from the blockchain’s developer community, the Stellar Development Foundation is now recommending a delay beyond the Jan. 30 target date.

CoinDeskBradley Keoun

3. Google adjusts crypto ad policy, and amplifies Bitcoin ETF visibility.

Google is set to update its advertising policy on Jan. 29, allowing spot Bitcoin ETFs to be advertised to a broader U.S. audience following SEC approval. Advertisers must be certified to comply with Google's guidelines. This change, with Google processing 8.55 billion daily searches, may significantly raise awareness and interest in the spot Bitcoin ETF market. The move aligns with evolving investor sentiment and could attract new segments of the public, potentially reversing recent outflows. This policy update signals a shift in how cryptocurrency products are advertised, emphasizing legal compliance and responsible presentation to engage audiences.

Google’s new crypto ad policy boosts Bitcoin ETF visibility

Now that the SEC approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience.

crypto.newsJulius Mutunkei

4. Sotheby's sells the first individual poem with Bitcoin Ordinals Inscription.

Ana Maria Caballero's poem "Cord" sells for $11,430 at Sotheby’s in the Bitcoin Ordinals auction. A significant moment as Sotheby's sells its first individual poem. The poem, written in the style of a villanelle, expresses the inherent worth of written poetry. Caballero emphasizes the value of language and poetry on their own, detached from visuals or other experiences. The auction affirms the value of words in the blockchain, making a statement about the intersection of poetry and technology. Caballero's work challenges traditional narratives, exploring the influence of biology on societal and cultural rituals, particularly in the context of motherhood.

Bitcoin Ordinals Inscription Marks First Individual Poem Sale by Sotheby’s - Decrypt

Inscribed using Bitcoin Ordinals, Ana Maria Caballero’s poem “Cord” fetched over $11,000 at auction. She speaks to SCENE about the moment.

DecryptJason Nelson

As we conclude our exploration of today's Web3 highlights, the dynamic landscape continues to unfold. From Bitcoin's potential moves to the poetic fusion of blockchain and art, these developments hint at the ever-evolving nature of decentralized technologies. Stay tuned for our next update, where we'll continue to navigate the exciting currents of the Web3 revolution. If you've enjoyed our journey today, don't forget to subscribe for more in-depth insights and analyses. Thank you for joining us in uncovering the latest Web3 revelations, and until next time, may your ventures in the decentralized realm be both enlightening and rewarding!

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