Solana (SOL) price is down nearly 9% on the day and is close to trading below $130 for the first time since Sept. 18, 2024. Two key indicators on SOL’s daily chart are on track to complete a bearish crossover, and if this happens, new lows under $100 could be in the cards. The 50-day
Month: February 2025
XRP (XRP) price declined by 16.8% between Feb. 23 and Feb. 26, leading to $79 million in leveraged long futures liquidations. Notably, the correction occurred despite a largely positive regulatory outlook and increasing odds of approval for a spot XRP exchange-traded fund (ETF) in the United States. At the same time, open interest in XRP
Stablecoins issued by traditional financial institutions may face challenges in gaining significant market adoption, according to Matt Hougan, chief investment officer at Bitwise. “TradFi stablecoins will find it harder than they think to win market share,” Hougan said in an X post on Feb. 26. Hougan referred to the newly announced stablecoin plans by Bank
THORChain, a crosschain swap protocol, is experiencing a surge in activity following the $1.4 billion exploit of cryptocurrency exchange Bybit. On Feb. 26, the protocol processed $859.61 million in swaps, marking its highest-ever daily volume, according to data from THORChain Explorer. The momentum continued on Feb. 27, adding $210 million (and counting), pushing total swap
XRP (XRP) price has dropped 17% over the last seven days and 27% in the past month, losing several key support levels along the way. This has left market participants wondering whether XRP’s price could drop further in the coming days. XRP/USD daily chart. Source: Cointelegraph/TradingView XRP price levels to watch under $2.40 XRP’s latest
The US Congress is reportedly set to consider legislation that would ban the issuance of memecoins like President Donald Trump’s Official Trump (TRUMP) token. House Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which would prohibit public officials from profiting from digital assets, California Representative Sam Liccardo told ABC News
Crypto exchange Kraken will end its support for privacy token Monero in the European Economic Area (EEA). Kraken announced that it would stop trading and deposits for all Monero (XMR) markets in the EEA from Oct. 31, 2024. This includes the trading pairs with United States dollars, euro, Bitcoin (BTC) and Tether’s USDt (USDT). Kraken
An academic paper titled: “Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces” published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies — especially privacy preserving chains — to combat money laundering. The author of the paper outlined several methods of undermining trust in permissionless blockchains including
Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history. Japanese authorities said they analyzed about 900 of the group’s Monero (XMR)-based money-laundering transactions, which totaled about 100 million yen ($670,000). Japanese authorities told local media outlet Nikkei that this marked the first time the
Bitcoin could not hold on to the recovery attempts during the past week, signaling selling by the bears at higher levels. Although buyers failed to push the price above $100,000, they have not ceded much ground to the sellers. This suggests that the bulls are holding on to their positions as they anticipate another leg
Bitcoin (BTC) has risen above $95,000, indicating that the bulls have maintained the buying pressure. Grayscale head of research Zach Pandl told Cointelegraph that Bitcoin is being “held back by strength in the US dollar,” but he expects the setback to be short-lived as the US presidential inauguration is right around the corner. Pandl sees
Bitcoin (BTC) fell below the $100,000 level on Feb. 2 after US President Donald Trump imposed tariffs on goods imported from China, Canada, and Mexico on Feb. 1. Increased import tariffs could boost inflation, risking higher interest rates. That could, in turn, result in a risk-off sentiment, hurting cryptocurrency prices. Bitget Research chief analyst Ryan Lee
Bitcoin (BTC) slipped below $95,500 on Feb. 23 after failing to rise above the $100,000 level on Feb. 21. The longer the price stays below $100,000, the greater the possibility of a drop to the crucial $90,000 support. Analysts remain divided on Bitcoin’s next trending move. While some anticipate a new high as early as
Brian Moynihan, the CEO of Bank of America, recently told an audience at the Economic Club of Washington DC that the commercial bank will likely launch a stablecoin if comprehensive legislation is passed in the United States. According to Fortune, the CEO told an audience at the Economic Club of Washington DC, “If they make
An exchange-traded fund (ETF) designed to offer leveraged long exposure to shares of Strategy, formerly MicroStrategy, is down approximately 81% since peaking on Nov. 20, according to The Kobeissi Letter. The T-REX 2X Long MSTR Daily Target ETF (MSTU) lost some 40% of its value in the past three trading sessions alone, the investment researcher
Update (Feb. 26, 6:05 am UTC): This article has been updated to add information on the SEC’s suit, the Trump administration’s crypto policies and responses from the SEC and Tron. The US Securities and Exchange Commission and Justin Sun have asked a federal court to pause the regulator’s case against the crypto entrepreneur to allow
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