Citi Eyes $113K Bitcoin Target Amid $5B Crypto Fund Inflow Forecast
Citi has significantly increased its 12-month Bitcoin price target to $113,000 and expects $5 billion in crypto fund inflows over the next year. The bank cited favorable activity, macro conditions, and ETF flows as reasons for the target increase.
The new target represents a 37.8% jump from previous forecasts. Additionally, Citi's analyst Alex Saunders projected a $3,028 price target for Ether, which is a 31% increase from previous estimates.
NEAR Intents disclosed a security bug that resulted in an estimated $3.8 million loss due to a malfunctioning Omni deposit and withdrawal infrastructure interaction with its smart contract. However, the NEAR network itself was unaffected by the incident.
Zano has revealed a recent bug led to over $200 million in illicit token minting, prompting the blockchain to rewind 30 days. This move is considered one of the longest rollbacks ever done on a blockchain.