Crypto Live News

As per the data released by TenArmor and SoSoValue, Bybit has recorded an inflow exceeding $4 billion in the past 12 hours. This includes 63,168.08 ETH, $3.15 billion in USDT, $173 million in USDC, and $525 million in CUSD. The majority of these transactions involve transfers from Bybit’s cold wallets to hot wallets, facilitating withdrawals and bridge loans from external parties.

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Franklin Templeton has filed for an S-1 registration with the SEC for a Solana Exchange-Traded Fund (ETF). This has come after establishing the Franklin Solana Trust in Delaware. The firm now joins Grayscale, Bitwise, VanEck, and others in seeking approval for a Solana-based ETF. This signals growing institutional interest in Solana investment products and the Solana network.

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Ethereum developers have set key dates for the Pectra upgrade, planning to activate it on the Holesky testnet on February 24 and Sepolia on March 5. If successful, Pectra could go live on the Ethereum mainnet around April 8. During the latest Ethereum Core Developer call, they also discussed Beiko’s proposal to finalize the Fusaka upgrade scope before Pectra’s launch. Additionally, Beiko suggested extending the EIP submission period to allow broader discussions. These developments mark crucial steps in Ethereum’s continuous evolution and upgrade process.

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A crypto whale scooped up 40 million Broccoli tokens, spending $5 million to become its largest holder. This triggered a 160% price surge, fueled by social media hype and increased investor interest. Inspired by Binance founder CZ’s dog, Broccoli-themed meme coins have flooded the market, with one even hitting a $1.5 billion market cap. DOGE, FLOKI, and WIF have also rallied alongside Broccoli. Despite CZ clarifying he isn’t involved, whale activity continues to drive momentum, making Broccoli one of the most-watched tokens in the meme coin space.

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Japanese energy firm Remixpoint boosted its crypto holdings by over 8,000% in nine months, investing 9 billion yen ($59 million), mainly in Bitcoin. The move aligns with its strategy to hedge against the yen’s depreciation, mirroring Metaplanet’s approach. Following Donald Trump’s election win, the firm accelerated crypto accumulation, sending its shares up 360%. Despite reporting a 1.35 billion yen profit and unrealized gains, shares fell 15% after its Q3 earnings report. Remixpoint now nears its 10 billion yen ($65 million) crypto investment target as it expands into digital asset services.

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President Donald Trump teased on Truth Social Thursday a new round of reciprocal tariffs, aiming to match the higher rates other countries charge on American imports. He described it as “THE BIG ONE” in his post, calling it a key step to “MAKE AMERICA GREAT AGAIN.” Reciprocal tariffs were a key part of Trump’s campaign. He wanted to create a fairer trading system by imposing tariffs (taxes) on goods from other countries that charge high tariffs on U.S. products. The tariffs are expected to impact developing countries the most, particularly India, Brazil, Vietnam, and other nations in Southeast Asia and Africa. These countries have some of the widest differences between the tariff rates they charge on US goods and what the US charges them.

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OpenSea Foundation is set to launch its SEA token and confirmed that US users will be able to take part in the token distribution. The foundation clarified that token allocation eligibility will depend on historical platform usage, not just recent activity. They also mentioned that the claim process will be easy and accessible, with a focus on ensuring broad accessibility for participants, including US users. The announcement comes after the OpenSea Foundation was set up in the Cayman Islands, sparking speculation about a possible token launch in the crypto world.

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JPMorgan recently suggested that Tether may need to sell some of its assets, including its large Bitcoin holdings, to comply with potential new U.S. stablecoin regulations. To this, Paolo Ardoino, CEO of Tether, has fired back at JPMorgan, accusing its analysts of being “salty” because they don’t own Bitcoin, the world’s largest cryptocurrency. Under the recently released STABLE bill draft, up to 34% of Tether’s reserves could be considered noncompliant. The stablecoin giant’s current Bitcoin holdings stand at a whopping $8 billion. However, some users have pointed out that Tether is overcollatoralized, and its Bitcoin holdings do not actually back the flagship stablecoin.

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Binance Alpha has added a fresh batch of crypto projects to its pre-selected pool, boosting trading options for users. The latest additions include RWA protocol ONDO, lending protocol MORPHO, and decentralized exchange Aerodrome (AERO). Also joining the list are AI token launcher Virtuals Protocol (VIRTUAL), Solana-based DeFi platform Kamino Finance (KMNO), and blockchain security provider GoPlus Security (GPS). These listings highlight Binance’s continued focus on supporting emerging blockchain innovations in DeFi, AI, and security.

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The Ethereum Foundation (EF) has made a major move by depositing a total of 49,200 ETH into various DeFi platforms. According to on-chain data, EF transferred 4,200 ETH to Compound, 10,000 ETH to Aave, and a massive 30,800 ETH to Spark. Another 4,200 ETH was later added to the Compound. This comes after the community suggested that EF should generate funds through DeFi interest rather than selling ETH directly. The move signals a strategic shift, leveraging DeFi protocols to earn passive income while keeping their holdings intact. With Ethereum’s price volatility, this decision could help sustain funding without impacting market liquidity.

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Binance Futures is expanding its trading options by launching the B3USDT perpetual contract with up to 25x leverage. The contract will go live on February 13, 2025, at 11:30 UTC. B3 is officially described as a Layer 3 game-specific chain on Base, aiming to enhance blockchain gaming experiences. At launch, the maximum funding rate for the contract will be +2.00% / -2.00%, with funding fee settlements occurring every four hours. This move is expected to attract more traders looking to explore high-leverage opportunities in the growing Layer 3 ecosystem.

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U.S. Customs and Border Protection (CBP) has expanded its crackdown on Bitcoin mining ASICs, seizing devices from MicroBT, Canaan, and Bitmain at the request of the FCC. The issue stems from AI chips in these machines that lack FCC approval. Previously, CBP only targeted Antminer models, but now multiple manufacturers face customs clearance delays at various U.S. ports. Some firms have lost millions in seized equipment, and affected companies are considering legal action. With the crackdown widening, major mining hardware suppliers are struggling to navigate increasing regulatory scrutiny.

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Cboe BZX Exchange has filed a proposal to allow staking for the 21Shares Core Ethereum ETF, the first such filing with the SEC. The proposal, outlined in Form 19b-4, awaits regulatory approval. Bloomberg analyst James Seyffart noted that this could mark a shift in SEC policy, which previously pushed firms to exclude staking from ETF registrations. With the SEC’s stance on crypto expected to soften under the Trump administration, this move could set a precedent for Ethereum staking in regulated investment products.

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New York State Senator James Sanders Jr. has introduced a bill to create a 17-member crypto task force to examine the impact of cryptocurrencies on the state’s economy, tax system, and regulations. The study will also assess environmental concerns and compare New York’s crypto rules to other jurisdictions. If approved, the task force must present its findings by December 2027. Meanwhile, over 20 U.S. states are exploring crypto-related legislation, with potential regulations driving billions in Bitcoin demand, according to VanEck. The bill is currently under committee review.

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Phantom, the popular non-custodial multi-chain crypto wallet on Solana, experienced a short service outage on February 12, as announced by the Phantom team on X. The Phantom team confirmed the temporary outage and requested the community’s patience while developers worked on a solution. The issue was quickly resolved, and services were restored with an update confirming everything was back online. Phantom reassured the users noting that they understand how crucial it is to access digital assets without interruptions, and they are working on improving their system to avoid similar issues in the future.

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World Liberty Financial (WLFI), a DeFi platform linked to U.S. President Donald Trump, has launched a new initiative to navigate the fluctuating crypto markets. WLFI’s ‘Macro Strategy’ token reserve will help protect against recent crypto market swings, supporting major coins like Bitcoin (BTC) and Ethereum (ETH). The platform noted that Macro Strategy will serve as a robust financial backbone for WLFI. WLFI’s new token reserve aims to manage market volatility, diversify assets, and strengthen long-term stability. The platform is also working with financial institutions to add tokenized assets to the reserve.

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The X account of Eric Semler, the chairman of Semler Scientific, appears to have been hacked. After the hack, several posts were made suggesting the creation of a new cryptocurrency token on the Solana blockchain. This token is supposedly being launched using the same ticker symbol that Semler Scientific uses for its stock on the Nasdaq exchange. The compromised account posted about a token aiming to bridge institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees by launching the token on Solana. Besides, other posts hint that a large chunk of the token’s supply has already been moved to top cryptocurrency exchanges.

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CoinSwitch officially announced that its X account was hacked to promote a scam token, SWITCH, on the Solana blockchain. The hackers falsely claimed it was CoinSwitch’s native token, with trading set to start at 8 AM UTC. CEO Ashish Singhal confirmed the breach, assuring users that the platform remains secure and funds are safe. The CoinSwitch team has regained account control, deleted the fraudulent post, and is working with X to address the issue. Singhal urged users to ignore messages about $SWITCH, emphasizing no official link to any such memecoin.

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Pionex will list Pi Network (PI) on February 20, 2025, at 08:00 (UTC), opening PI/USDT spot trading. The exchange advises caution, noting that crypto trading carries significant risks with the potential for both profits and losses. While Pionex aims to offer high-quality assets, it does not guarantee returns and won’t be responsible for trading losses. Users facing issues can reach customer support through the web or app. With this transition, it is expected that 40M-50M traditional users will enter crypto through Pi Network which waited 6 years for this listing. 

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Binance will remove and cease trading for the spot pairs EDU/BTC, REZ/BTC, and USTC/FDUSD on February 14, 2025, at 03:00 (UTC) following its routine market review. This decision aims to maintain a high-quality trading environment, considering factors like low liquidity and trading volume. While these pairs will be delisted, users can still trade the individual tokens through other available pairs on Binance. Additionally, Spot Trading Bots for these pairs will be terminated at the same time, and users are advised to cancel or update their bots to prevent potential losses.

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Goldman Sachs has significantly boosted its exposure to crypto with a 2,000% increase in its Ethereum ETF holdings, now valued at $476 million, and a 114% jump in Bitcoin ETFs, reaching $1.5 billion. The investment bank’s massive buys include shares in BlackRock’s iShares Ethereum Trust and Fidelity’s Bitcoin Fund. This move comes after strong market gains in both Bitcoin and Ethereum, which saw price increases of 41% and 26% respectively in Q4 2024. Despite past criticism of crypto, Goldman Sachs continues to double down on its crypto investments, signaling growing institutional interest in digital assets.

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Oklahoma is making strides in adopting Bitcoin, with the passage of the HB 1203 “Strategic Bitcoin Reserve” bill. The bill, which allows the state’s savings accounts and pension funds to invest in Bitcoin, passed the committee stage with a 6-2 vote and is now heading to a floor vote. Introduced by Representative Cody Maynard, the bill aims to protect residents from inflation and promote financial stability. Oklahoma joins Arizona and Utah in the race to establish a Bitcoin reserve, with Texas and Pennsylvania also exploring similar initiatives. The growing momentum signals a shift towards Bitcoin integration in state economies.

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Solana’s AI Hackathon sparked a wave of innovation, but not all projects are thriving. Among 82 tokenized projects, only 27 have a market cap of over $1 million, according to Nansen. While some AI tokens soared in value, many have seen significant declines—some down over 80% from their peak. The top performers, like The Hive, Neur, TetsuoAI, JailbreakMe, and FXN, are still holding strong, but the smart money is rotating out. The Hive and Neur, in particular, continue to attract big buyers, showing that even in a rough market, certain AI projects are still catching attention.

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According to Fox Business reporter Eleanor Terrett, U.S. President Donald Trump has chosen Brian Quintenz as the new chairman of the Commodity Futures Trading Commission (CFTC). Quintenz, who previously served as a CFTC commissioner, is currently the head of policy at a16z’s crypto division. While the White House has not yet made an official announcement, sources within the CFTC have confirmed the decision. The acting CFTC chair congratulated Quintenz, highlighting his past contributions and expressing confidence in his leadership for crypto and innovation. If officially appointed, Quintenz’s experience in both regulation and crypto policy could significantly shape the future of digital asset oversight in the U.S.

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ZkLend Next generation lending protocol has confirmed a security breach, with an attacker stealing 3,300 ETH. In response, the platform has offered the hacker a deal—keep 10% as a white hat bounty and return the remaining funds to a designated Ethereum address. If the hacker complies, ZkLend has pledged to waive any legal action. The platform has also suspended withdrawals and is collaborating with security experts and law enforcement. The hacker has been given until February 14, 2025, to respond before further legal steps are taken. This announcement was officially verified through ZkLend’s Ethereum ZEND token deployer account.

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Tether has invested in Zengo Wallet, a self-custodial cryptocurrency wallet, focused on multiparty computation (MPC) technology,  as its USDt stablecoin faces regulatory challenges in the European Union. This investment will allow Zengo wallet to support Tether’s stablecoins across major blockchains, including Bitcoin, Ethereum, and Toncoin. The Zengo wallet offers features like built-in payment tools, cross-chain swaps, and 24/7 customer support. Tether’s investment will support Zengo Pro, a premium feature offering theft protection and legacy transfer services. Zengo CEO Ouriel Ohayon said the investment will be key to future development.

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In a latest development, Helius Labs CEO Mert Mumtaz believes Solana will rise 150% over the next five years, dismissing short-term price fluctuations as irrelevant. Mert is confident that Solana will become a trillion-dollar asset and exceed $500 in value, predicting it will reach $500 within five years. He believes Solana is unique in the crypto space and emphasizes a long-term perspective of five to ten years. Dubai-based crypto entrepreneur isn’t dismissing the chance that Solana’s price could go even higher than his prediction. “If XRP can be the third-largest asset, anything is possible,” he said.

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Four.Meme, a meme coin launchpad on Binance Smart Chain, suspended token trading following a malicious attack. Despite the breach, the platform assured users that internal funds were secure and on-chain trading remained unaffected. The attack resulted in estimated losses of $183,000. Four.Meme responded quickly, halting decentralized exchange trading and working on a fix. The platform had recently set a record for new users, peaking at over 11,000 on February 9, but the attack caused a significant drop in daily active users. 

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Wall Street banks are embracing the crypto sector, spurred by President Trump’s crypto-friendly policies. Under his administration, institutions like Morgan Stanley, Bank of America, and RBC are revisiting crypto opportunities, anticipating a surge in IPOs from firms like Gemini and Kraken. Trump’s executive order and the SEC’s crypto task force have created a favorable regulatory climate, reigniting confidence. Banks are now eager to facilitate crypto deals and IPOs, positioning themselves for significant advisory and underwriting fees. Trump’s stance contrasts with the more restrictive policies of the Biden administration, fueling a shift in the market.

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Hong Kong has officially confirmed that Bitcoin (BTC) and Ether (ETH) can be used as proof of assets for its New Capital Investment Entrant Scheme visa. This visa is aimed at wealthy migrants looking to invest in Hong Kong, with a requirement to show net assets worth at least HK$30 million ($3.8 million). While the crypto can be used to prove wealth, a chartered accountant must sign off on the valuation. However, once the visa is granted, applicants must invest another HK$30 million into “permissible assets” and cryptocurrency is not allowed for this investment. Hong Kong currently hosts 9 licensed crypto exchanges.

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CryptoQuant has recently highlighted a warning sign for Bitcoin’s market. The Hash Ribbons indicator, which monitors the health of Bitcoin mining by tracking changes in hash rates, is flashing again. This tool has been a reliable signal in the past, showing when it’s a good time to buy Bitcoin, both for short-term and long-term investments. The only time it missed was during the market chaos caused by COVID-19. Each time the Hash Ribbons have appeared in the past, Bitcoin has experienced a price rally. With miners now showing signs of capitulation, many are wondering if Bitcoin’s price will soon rise.

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WazirX, India’s biggest crypto exchange, has announced an important Townhall meeting for all creditors. Scheduled for February 12th, 2025, at 5:30 PM IST, this session will explain everything creditors need to know about the scheme process. It will cover how to review claims, how to raise disputes, how to check records, and the steps for voting. This Townhall aims to make sure that every creditor understands what’s coming next in the restructuring process. It’s a crucial meeting for anyone involved, as it will help them stay informed and make well-informed decisions.

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In a recent crypto news, Thailand’s former PM, Thaksin Shinawatra, has proposed transforming Phuket into a Bitcoin sandbox, letting foreign tourists spend BTC on real estate and tourism freely. This comes as the Thailand International Digital Business & Finance Center appoints Movement Labs’ Rushi Manche and Dao5’s Tekin Salimi as blockchain advisors. With crypto payment demand surging among tourists, Thailand’s crypto scene is shifting fast. If this proposal gains traction, Phuket could soon emerge as a global hotspot for Bitcoin-powered transactions, boosting both tourism and the country’s digital economy.

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In a recent CNBC appearance, Anthony Scaramucci of Skybridge Capital predicted that 2025 will be a “great year” for Bitcoin. He also mentioned that Bitcoin was expected to reach its current level back in 2022. Scaramucci pointed out that a spot Bitcoin ETF was expected to be approved in early 2022, but delays by SEC caused significant damage to Bitcoin’s price. Scaramucci believes the key question is whether institutional investors will enter the market, noting that some endowments and Middle Eastern sovereign wealth funds are already getting involved. However, these predictions should be taken with caution, as some of Scaramucci’s previous price forecasts were off.

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Pump.fun co-founder Alon Cohen has dismissed rumors about an upcoming Pump.fun token, calling reports of a Dutch auction launch with centralized exchanges false. Cohen emphasized that the team remains focused on product improvements and properly rewarding users, urging the community to ignore unauthorized claims. This contradicts crypto analyst Wu Blockchain’s report claiming documents confirm token launch plans. The denial comes as Pump.fun faces legal challenges, including lawsuits alleging unregistered securities sales and price manipulation schemes, intensifying regulatory scrutiny around the platform’s operations.

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According to Lookonchain, Central African Republic President Archange Touadéra issued a memecoin, leading to an astonishing profit for one trader. The trader spent 25 SOL (around $5,000) to purchase 46.57 million CAR tokens within a second of its launch. In less than three hours, the investment skyrocketed to $12 million, yielding a staggering 2,450x return. This rapid gain highlights the speculative frenzy surrounding new token launches, especially when linked to prominent figures. The memecoin’s surge reflects both high-risk opportunities and the volatile nature of crypto markets.

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U.S. President Donald Trump announced new 25% tariffs on all steel and aluminum imports, escalating his trade policy. These duties will apply on top of existing tariffs, with reciprocal tariffs set to match other countries’ rates. The move raises uncertainty for prior exemptions with Canada, Mexico, and others. Trump criticized insufficient border security efforts from Mexico and Canada, threatening broader tariffs by March 1. Canadian officials voiced concerns over trade impacts, while markets reacted with caution amid fears of renewed trade tensions. A detailed announcement is expected soon.

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Peter Schiff criticized a Bitcoin Super Bowl ad, accusing it of false advertising for claiming Bitcoin is backed by energy. He argued Bitcoin neither stores nor can be redeemed for energy, urging FTC intervention. In response, Dan Victor, CFA, highlighted that Bitcoin relies on decentralized computing power, which requires energy. Schiff dismissed this as semantics, asserting Bitcoin resembles fiat currency, backed by faith rather than tangible assets like gold. This sparked renewed debate over Bitcoin’s intrinsic value, especially as mainstream promotions like Super Bowl ads amplify crypto’s reach.

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Bitcoin faces potential liquidations exceeding $1.3 billion if it drops below the critical $93,000 support level, driven by escalating U.S.-China trade war concerns. Currently trading at $95,960, Bitcoin slipped below $100,000 after new import tariffs rattled market sentiment. Analysts, including Bitget’s Ryan Lee, warn that falling under $90,500 could trigger bearish trends. While short-term risks loom, DFG’s James Wo suggests Bitcoin may benefit long term as a hedge against fiat devaluation. The delayed meeting between Trump and Xi Jinping adds further uncertainty, influencing Bitcoin’s near-term price trajectory.

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XRP’s trading volume on Coinbase skyrocketed by 9,640% in just 24 hours, reaching $438 million, according to CoinGlass. This surge comes amid heightened market volatility as traders capitalize on price movements. Plus, Fox Business Journalist Eleanor Terrett revealed that XRP depository receipts (DRs) may soon be available, offering investors exposure to XRP without directly buying the token. These DRs, managed by Anchorage Bank, bridge traditional finance with crypto. Meanwhile, XRP trades at $2.42, down 4.49% daily, struggling below key resistance at $2.62, with the potential to rebound toward $3.

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In a recent move, Coinbase Global Inc. has announced plans to list three Solana-based tokens: Popcat (POPCAT), Pudgy Penguins (PENGU), and Morpho (MORPHO). The exchange revealed on Friday that these altcoins have been added to the listing roadmap, but trading and transfers are not yet available to customers. The roadmap inclusion indicates that the token is under consideration for listing, but it’s not a guarantee. The upcoming Coinbase listing of these three altcoins will provide them with broader trading opportunities. With the ongoing crypto bull market, they are expected to see increased liquidity and trading volume, boosting their bullish momentum for 2025.

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In a recent move, Franklin Templeton has updated its S-1 filing for the Franklin Crypto Index ETF, aiming to gain approval to gradually add tokens to the fund. The updated filing reveals that the Franklin Crypto Index ETF will initially focus on Bitcoin (86.31%) and Ethereum (13.69%). While it doesn’t commit to adding other cryptocurrencies, the filing leaves open the possibility for future additions, depending on SEC approval. In the filing, Franklin Templeton specifies that it would only add a token to the Franklin Crypto Index ETF if the SEC has approved or authorized an exchange-traded product/fund for that particular token. If approved, this would be a big break through offering both institutional and retail investors exposure to digital assets without being tied to a single cryptocurrency.

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Grayscale’s recent Bitcoin transfer of 696.821 BTC, valued at $69.48 million, to Coinbase Prime has stirred tension in the crypto community. Arkham’s monitoring revealed the movement from Grayscale’s Coinbase Prime Deposit address to its hot wallet. Unlike previous transfers during Bitcoin’s price rallies, this shift comes amid a downmarket, raising questions about Grayscale’s strategy. The sudden move has fueled speculation about potential sell-offs or strategic adjustments, leaving investors wary of its impact on Bitcoin’s price dynamics and market sentiment.

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Donald Trump plans to announce reciprocal tariffs as early as Today, according to sources familiar with the matter. These tariffs will match the rates that U.S. trading partners impose on American exports, fulfilling one of Trump’s key campaign promises. The announcement triggered immediate market reactions, with the U.S. dollar gaining strength while major U.S. stock indices declined sharply. Investors are concerned about potential trade tensions and their impact on the global economy. This move signals a more aggressive trade stance, potentially reshaping U.S. trade relationships in the near future.

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Polymarket predicts just a 35% chance of a Solana spot ETF approval by July 31, reflecting shifting SEC dynamics. Despite this, the SEC’s acknowledgment of Grayscale’s amended Solana ETF application marks a notable first, signaling a slight change in approach. Bloomberg analysts James Seyffart and Eric Balchunas view it as a small but significant step influenced by new SEC leadership. Ongoing legal battles, including SOL’s security status, complicate the process. The final deadline for Grayscale’s application is October 11, with other issuers like Bitwise and VanEck also in the race.

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ConsenSys, the Ethereum developer behind MetaMask, has successfully navigated two attempts by U.S. authorities to exclude it from the financial system. CEO Joe Lubin revealed the company survived Operation Chokepoint 2.0 by keeping backup accounts. Despite intense pressure from regulators, Lubin’s unnamed bank resisted closing ConsenSys’ account, which was crucial for the $7 billion company. Lubin stated that the bank worked to delay the process and maintain their relationship, emphasizing the challenges crypto businesses face in the current regulatory landscape. This event highlights the ongoing struggle between crypto companies and authorities under President Biden’s administration.

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The Czech Republic has made a significant move by signing a new bill that exempts Bitcoin from capital gains tax if held for at least three years. Signed by President Petr Pavel on February 6, the bill was approved unanimously by the parliament in December 2024. This new law reduces tax burdens on crypto investors, especially for small transactions under 100,000 koruna (around $3,900). It aims to boost cryptocurrency adoption and attract crypto-related businesses to the country. Long-term Bitcoin holders will now benefit from tax-free gains, encouraging them to see Bitcoin as an investment rather than a quick flip. The Czech National Bank is also exploring the idea of adding Bitcoin to its reserves, a move that could further solidify the country’s position in the global crypto market.

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The Near Foundation has launched a $20 million fund to support the development of AI agents on its blockchain. This fund aims to promote AI-driven applications in areas like gaming, market-making, and decentralized oracles. The goal is to make AI agents a key part of business and commerce. The foundation is focusing on projects that push the limits of on-chain AI, with an emphasis on new AI tokens. Alongside this fund, Near is supporting efforts like the Horizon AI accelerator and AI hackathons to encourage the next generation of developers. This initiative shows Near’s commitment to integrating AI with blockchain technology.

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Pi Network has reached a record 10 million migrated pioneers, establishing itself as the largest mainnetless blockchain. The milestone marks significant progress in decentralized adoption, with plans to unleash its power on the open mainnet and Binance listing day. The core team assures no further delays for the Mainnet launch, despite Condition 3 (100 applications) not being fully met. Massive fiat flows are entering the ecosystem, with trillions of dollars set to convert to Pi and gradually reducing fiat usage.

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In a latest development, Coinbase International Exchange confirmed that it will list perpetual futures for PENGU, Popcat, and Helium (HNT) starting at 9:30 am UTC on February 13, 2025. The move follows Coinbase’s broader efforts to enhance its digital asset derivatives offerings, which could increase liquidity and trading volume for these tokens. Listing these futures contracts gives traders leveraged exposure to assets, providing more opportunities for risk management. By offering them, the top crypto exchange meets the growing demand for trading products. After the announcement, the prices of PENGU, Popcat, and Helium witnessed quick movements.

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The Bank of England reduced interest rates for the third time since August, amid ongoing downturn in the crypto market, where leading cryptocurrencies like Bitcoin have seen significant losses. The Bank announced a 25 basis point rate cut, lowering the base rate from 4.75% to 4.5%, in line with market expectations. The Bank of England raised its inflation forecasts for 2025, 2026 and 2027.The Monetary Policy Committee’s hawkish stance has raised speculation about its potential impact on the crypto market. The Bank of England’s move contrasts with the US Federal Reserve’s decision to keep rates steady. Given the central bank’s hawkish stance, investors may shy away from risky assets like cryptocurrencies, potentially triggering a panic sell-off and further downturns in the crypto market.

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Bhutan’s Royal Government transferred 751.31 BTC ($74.15M) to three new wallets in the past hour, likely an internal move. On January 17, 633 BTC was moved to two wallets. In mid-December, 402 BTC was reportedly sold OTC via QCP Capital. Currently, the government holds roughly 10.6K BTC in 23 wallets.

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Russia has introduced new cryptocurrency mining regulations under Federal Law No. 259-FZ, requiring miners to report earnings by the 20th of each month and operate under approved entities. The Federal Tax Service (FNS) allows miners to declare earnings via personal accounts. Digital currencies are classified as property, subject to 13% tax on earnings up to 2.4 million rubles and 15% for higher income, starting in 2025. Mining operators must report data to local authorities, with fines for non-compliance, aligning mining activities with taxation and regulatory frameworks.

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Upbit is listing Berachain (BERA), Jito (JTO), and Scroll (SCR) on February 6, with deposits opening earlier. BERA trading starts at 22:00 KST on the Berachain network, supporting staking and transactions via a Proof of Liquidity model. JTO (Solana) and SCR (Scroll) trading begins at 18:00 KST, with Scroll functioning as a ZK-rollup Layer 2 for Ethereum. Initial buy, sell, and order restrictions apply. Investors must verify network compatibility before deposits, as Upbit warns of high market risks and urges cautious trading.

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Public Citizen, a U.S. nonprofit watchdog, has filed a formal complaint urging federal agencies to investigate Donald Trump over his alleged promotion of the Solana-based TRUMP token. The group claims Trump may have violated laws against gift solicitation, raising concerns over untraceable foreign payments. The complaint, submitted to the Department of Justice and Office of Government Ethics, argues that Trump is soliciting money without offering anything in return, potentially benefiting personally. It also warns that crypto transactions could be used to bypass the Emoluments Clause, allowing foreign funds to flow unchecked. As of now, neither the DOJ, the White House, nor Trump’s team has responded to the allegations, leaving questions about the token’s future.

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Binance, the world’s largest crypto exchange is set to reward its users with an exclusive airdrop of Berachain (BERA), marking the project’s debut on its HODLer Airdrops Page. Users who staked their BNB in Binance’s Simple Earn products between January 22 and January 26, 2025, will receive free BERA tokens. The excitement doesn’t stop there, Binance will officially list BERA for trading on February 6, 2025, at 13:00 UTC. Traders can access BERA against BTC, USDT, USDC, BNB, and FDUSD. This launch boosts Berachain’s presence as a Layer-1 blockchain and offers Binance users a fresh investment opportunity in the crypto space.

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Solana-based DEX aggregator Jupiter faced a major security breach as its X account was hacked, promoting a fake memecoin called $MEOW. The scam, which used the name of Jupiter’s co-founder, tricked traders into losing millions within minutes. Jupiter Mobile quickly alerted users, warning them not to click any links. However, the hacker continued posting about another suspicious token, $DCOIN. Many users reported losing their Solana tokens due to the breach. Criticism followed, with crypto investor Beanie questioning how a platform handling billions in liquidity failed to secure its social media. Currently, Jupiter’s X account remains compromised, raising concerns over security in the crypto space.

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Ripple has announced that its RLUSD stablecoin is now available for trading on two crypto platforms, further expanding its presence. RLUSD stablecoin is now available on the Zero Hash and Revolut crypto exchange. The platform also highlighted that this integration will enable customers to use the stablecoin for transactions on both the XRP Ledger and Ethereum networks. This adds to the growing list of trading platforms that have already added support for the stablecoin, providing a bullish outlook for the XRP ecosystem. These listings follow Margex’s recent addition of the RLUSD stablecoin, alongside other stablecoin options. Ripple’s regulated stablecoin is also available on platforms like Bitstamp, Uphold, Bullish, Independent Reserve, Moonpay, Bitso, and Coinmena.

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Canadian firm Neptune Digital Assets has purchased 1 million Dogecoin for $258,000 as part of its strategy to expand its crypto holdings. The publicly traded company, listed on the Toronto Stock Exchange, has also acquired nearly $2 million in Bitcoin, bringing its total BTC holdings to 327 BTC, worth $32 million. The move aligns with firms like MicroStrategy, which are adding cryptocurrencies to their balance sheets. Other Canadian firms, including Spirit Blockchain and BC Bud Corporation, have also diversified into Dogecoin, XRP, and Solana as interest in altcoins rises.

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The SEC is scaling back its crypto enforcement unit, reassigning 50 lawyers and staff following President Trump’s executive order to ease digital asset regulations. Analyst Eric Balchunas noted the shift, which could affect high-profile cases like the Ripple lawsuit. Acting SEC Chairman Mark Uyeda formed a task force led by Hester Peirce to review digital asset strategies and re-evaluate classifications. Meanwhile, White House Crypto Czar David Sacks announced plans for a national Bitcoin reserve, with 15 states considering Bitcoin adoption and a new stablecoin bill set for Congress.

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According to Bloomberg, the crypto exchange operator Bullish Global is reportedly planning an initial public offering (IPO) as early as this year. The company is working with Jefferies Financial Group to explore the listing, though details are still being discussed. Bullish had initially planned to go public in 2021 through a SPAC deal but later shelved the plan. Now, with renewed interest, the exchange is preparing to enter public markets, signaling strong confidence in the crypto sector’s growth and institutional adoption in 2025.

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Crypto.com is gearing up for a major expansion in 2025, aiming to bridge traditional finance and crypto. The company plans to launch a Cronos (CRO) spot ETF, introduce its own stablecoin by Q3, and expand into stock, options, and ETF trading in Q1. Additionally, it will offer banking services, including multi-currency accounts and savings options. With a European headquarters in Dublin and licenses in Italy and Greece, Crypto.com is positioning itself as a global financial powerhouse. It’s Cronos zkEVM scaling solution further strengthens its push for faster, more efficient transactions.

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Jihan Wu’s Bitcoin mining firm, Bitdeer, has acquired 19 acres near Fox Creek, Alberta, for $21.7 million, securing a 101 MW site permit. The company plans to build a natural gas power plant and a 99 MW Bitcoin mining data center. The power plant’s construction will require an additional $90 million, while the data center investment is estimated at $30 million. This expansion strengthens Bitdeer’s goal of becoming a fully integrated mining firm, managing its own infrastructure, power generation, and ASIC chips for efficient Bitcoin mining operations.

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Crypto researcher ZachXBT reports that Coinbase users have lost over $65 million to social engineering attacks in the past two months, with an estimated $300 million lost annually due to such attacks. ZachXBT noted that the actual losses could be even higher, as the figure doesn’t account for unreported cases. ZachXBT explained that scammers use stolen personal data to send fake emails pretending to be from Coinbase, including fake case IDs that trick users into transferring funds to scammer-controlled wallets. ZachXBT shared in a viral post that a Coinbase employee told users on X to stop using VPNs to avoid being flagged, while scammers are blocking VPNs on phishing sites. He criticized Coinbase for failing to identify the real issue.

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Blockchain firm Neptune Digital Assets (NDA) announced it purchased 1 million Dogecoin (DOGE) tokens through a “strategic derivative purchase” on December 27. The Vancouver-based company, has seen a significant loss on its investment, as the price of the memecoin has fallen 27% to 27 cents since the purchase. While many companies have made buying bitcoin a strategic goal, Neptune is only the second publicly traded company to invest in the meme-inspired DOGE. Neptune Digital Assets also acquired 20 bitcoin at an average price of $99,833 per coin, bringing its total BTC holdings to 376 coins worth $37.2 million.

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Travala, a crypto-friendly travel booking service, has integrated its extensive inventory of over 2.2 million properties across 230 countries into Trivago, a leading global hotel and accommodation search platform. The integration will allow millions of Trivago users to explore, compare and book properties from Travala, offering payments in over 100 cryptocurrencies, including bitcoin, ether, BNB and its native token, AVA. This follows previous integrations with Skyscanner and KAYAK, making Travala visible alongside major travel agencies like Expedia and Booking.com. Travala CEO Juan Otero noted that with billions of daily searches on travel metasearch engines, adding Travala to Trivago boosts the crypto ecosystem by increasing crypto transactions for real-world services.

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World Liberty Financial denies rumors that it has sold any WLFI tokens, clarifying that the decentralized finance (DeFi) project is not pursuing token swaps with other blockchain projects, despite acquiring their tokens recently. In a recent X post that WLF stated they are simply managing their crypto holdings as part of routine treasury operations, covering fees, expenses, and addressing working capital needs. It further added that these actions are intended to be part of maintaining a strong, secure, and efficient treasury. There’s no reason for speculation, as these are just standard practices for managing the company’s operations, it noted. World Liberty Financial’s current crypto holdings are valued at $373 million, with major stakes in Ether and Wrapped Bitcoin.

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MicroStrategy, the fourth-largest holder of bitcoin, paused its buying streak last week, with Michael Saylor revealing on X that no new tokens were acquired, breaking its 12-week streak of bitcoin purchases last week. Notably, the company had been buying bitcoin on a weekly basis since Nov. 11, bringing its total holdings to 471,107 bitcoin. While Saylor didn’t specify why the company paused its purchases, analyst suggests that it could be due to the upcoming earnings release on Feb. 5. Public companies enter a blackout period before earnings reports to avoid insider trading, limiting buying or selling of company securities.

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In a latest development, David Sacks, President Trump’s White House A.I. and Crypto Czar, will host a press conference on February 4 at 2:30 PM ET to discuss digital assets. During the conference, they will outline how the Trump administration and Congress will collaborate to position America as a leader in the digital asset ecosystem. Under President Trump, expectations for crypto have focused on clear rules and practical regulation. The presidential working group’s schedule on digital asset markets, likely led by Sacks, also suggests plans to speed up crypto regulation. The press conference with GOP lawmakers, scheduled roundtable talks by CFTC acting chair Caroline Pham, and SEC’s crypto task force signals a shift in U.S. digital asset policy.

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Coinbase (COIN) has officially joined the Financial Conduct Authority (FCA) register, becoming the largest crypto exchange in the U.K. with regulatory approval. This milestone allows Coinbase to offer a broader range of crypto and fiat services, including trading, custody, and on/off ramps. After six months of preparation, Coinbase can now directly communicate with the FCA, streamlining future approvals. This strengthens Coinbase’s position in the UK market and could boost cryptocurrency adoption, encouraging other exchanges to follow.

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China’s new tariff proposal aims to revive the 2020 “Phase 1” trade deal from Trump’s presidency, designed to end the tariff war. Key promises include halting yuan devaluation, boosting U.S. investments, and cutting fentanyl precursor exports. While China criticized new U.S. tariffs and the fentanyl issue, it remains open to talks to prevent further conflict escalation. Meanwhile, Canada retaliated with 25% tariffs on $105 billion worth of U.S. goods, deepening tensions between the two neighboring countries.

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Binance Pay has teamed up with xMoney, a top Web3 payment provider in Europe, to make cryptocurrency payments easier. This partnership allows over 20,000 businesses in xMoney’s network to accept crypto, opening up new opportunities for luxury goods, travel, gaming, and public services. With xMoney operating under MiCA regulations, Binance Pay’s global merchant network now covers more than 32,000 businesses. This move brings secure and innovative payment options to even more users, boosting cryptocurrency’s adoption worldwide.

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Elon Musk has accused career Treasury officials of breaking the law every hour by approving payments that either are fraudulent or do not comply with the funding laws passed by Congress. Musk’s statement calls for immediate action to halt such practices. In response to a question from Twitter user Mario Nawfal about putting the Treasury on the blockchain to prevent these issues, Musk simply replied, “Yes.” The Tesla and SpaceX CEO’s comments highlight concerns over the Treasury Department’s handling of government payments.

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Global markets plunged on Black Monday amid escalating trade tensions as U.S. tariffs on Canada, Mexico, and China spurred a worldwide sell-off. Asian indices led the decline with Taiwan’s Taiex down 4.4%, Japan’s Topix falling 2.3%, and Korea’s Kospi dropping 2.4%. In the U.S., the Nasdaq fell 2.5% as NVIDIA shares plunged over 6.5% to a low of $111.51. Analysts warn of further instability while China vows legal action for WTO violations. Investors brace for continued volatility amid rising fears. 

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The crypto market crashed today after U.S. President Trump announced new tariffs 25% on Canada and Mexico, and 10% on China. This caused a global economic shock. Stocks fell, and $341B was wiped out from the crypto market. The Mexican Peso and Canadian Dollar also dropped sharply. Bitcoin fell to $94,013, and Ethereum dropped to $2,498. Trump-backed investments lost 21%, and $2.2B was liquidated. Analysts warn that the market may keep falling. 

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Dogecoin whales grabbed attention on Saturday, showing strong bullish sentiment despite market volatility. Recent on-chain data revealed they accumulated 560 million DOGE, hinting at a potential rally to $1. In a latest X post, crypto analyst Ali Martinez highlighted the development. Moreover, the launch of Grayscale’s DOGE-backed Trust has sparked a shift in investor sentiment, making it more positive toward the meme asset. The analyst notes that the buying surge comes after a recent sell-off, which shows renewed interest from large-scale investors. The new Trust launch and ETF filing further boosts the token’s potential to hit $1. At the same time, Bitwise has also filed an S-1 for a DOGE ETF earlier.

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In a latest development, BounceBit has partnered with Hashnote Labs, creators of US Yield Coin (USYC), to connect CeDeFi with real-world assets (RWA). By integrating USYC, BounceBit is making yield opportunities more accessible and transparent for its users. The partnership centers on USYC, a tokenized version of Hashnote’s International Short Duration Yield Fund (SDYF). SDYF is backed by reverse repo agreements with U.S. government securities, offering a stable and regulated base for RWA credit markets. This approach is especially appealing due to USYC’s impressive growth of $1.6 billion over the past year. Its market cap has quickly risen, outpacing competitors and showing strong institutional demand for regulated yield solutions.

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In a recent development, World Liberty Financial has made yet another purchase of Ethereum. After buying $47 million in Ethereum on Trump’s inauguration day, World Liberty Financial has now added another $10 million in two separate purchases. On January 31, the company spent 10 million USDT to acquire 2,972 Ethereum. The latest purchase has increased its holdings to 70,157 ETH, worth approximately $235 million. The project’s total crypto assets now exceed $388 million, with Ethereum representing a significant portion of its portfolio.

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The Bureau of Economic Analysis reported on Friday that the headline US PCE inflation has increased for the third month to 2.6%. Core PCE inflation in the U.S. held steady at 2.8% in December, the same as November. Stocks and Bitcoin are seeing gains as analysts and investors anticipate further growth in the coming months. The annual core US PCE inflation jumps to 2.8%, in line with market expectations and the same as in the earlier month. The monthly core PCE comes in at 0.2%, up from 0.1% last month. The Fed paused interest rates on Wednesday, boosting Bitcoin and crypto prices. However, Fed Chair Powell’s comments about not rushing to cut rates were criticized by President Trump, who advocates for rate cuts.

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In a latest development, Uniswap Labs has officially launched v4, the most advanced version of its decentralized exchange (DEX) protocol, which is accessible to a wide range of DeFi users. The update is now live on Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. Uniswap v4 introduces hooks, smart contract plugins that let developers customize liquidity pools, swaps, fees, and positions. The v4 version is the most cost-effective version of the protocol so far, with the creation of new liquidity pools being 99.99% cheaper than in previous versions. Additionally, security was a top focus for Uniswap v4.

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Coinbase Derivatives has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to introduce Solana Futures. The exchange aims to launch the product on February 18, offering a USD-settled contract with a size of 100 SOL and a notional value of around $25,000. The filing highlights Solana’s market volatility and its strong presence in DeFi and NFTs. Coinbase is confident in managing such products despite market fluctuations. This move aligns with the rising demand for Solana-based investment options, including recent Solana ETF filings by firms like VanEck and Bitwise. With institutional interest growing, Coinbase’s Solana Futures could attract more mainstream investors into the crypto space.

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Tether has announced that its stablecoin, USDT, is now integrated into the Bitcoin network, including its base layer and Lightning Network. This move is made possible through Taproot Assets, a new protocol developed by Lightning Labs. The integration aims to enhance Bitcoin’s ecosystem by combining its strong security with the fast and low-cost transactions of the Lightning Network. With this update, users can now enjoy improved scalability and efficiency when using USDT on Bitcoin. The development strengthens Tether’s role in the crypto space and increases the adoption of stablecoins on Bitcoin’s network. This marks a major step toward expanding Bitcoin’s utility beyond just being a store of value.

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The XRP Ledger (XRPL) has taken a huge leap forward with its new AMMClawback feature. This upgrade isn’t just technical it’s a game-changer for how tokens are managed in its DeFi ecosystem. With 91.43% validator approval now token issuers can reclaim assets from liquidity pools under specific rules, adding a layer of security and compliance perfect for today’s regulatory landscape. But that’s not all! Ripple’s stablecoin, RLUSD, is now ready to dive into XRPL’s liquidity pools, making trading faster and more efficient. This move is expected to attract more users and boost DeFi activity on the platform.

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Bitcoin aimed to hold $105,000 when the U.S. Q4 GDP report came in lower than expected at 2.3%, missing the forecast of 2.5%. Analyst Michaël van de Poppe pointed out that the market quickly responded to the GDP result, with yields and the dollar falling, Ethereum rising sharply compared to Bitcoin, and altcoins seeing significant gains. He referred to the GDP result as a “big miss” because it did not meet expectations. This weaker GDP report increased focus on the Federal Reserve, which recently chose not to cut interest rates despite President Trump’s push. The odds of a rate cut in March are now just 18%, according to CME Group’s FedWatch Tool.

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Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills. State Representative John Cabello has introduced House Bill 1844 (HB1844) which would establish a Strategic Bitcoin Reserve Fund under the state treasury. If passed, the Illinois State Treasurer would manage the fund, and all Bitcoin deposits would be held for at least five years before the state could transfer, sell, or convert any Bitcoin to another cryptocurrency. The number of state-level Bitcoin reserve proposals has grown since President Donald Trump returned to the White House, with at least six states introducing or advancing similar bills in January alone.

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Bob Menendez, a former U.S. Senator was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt. Menendez was a Democrat from New Jersey known for criticizing crypto. He called bitcoin an “ideal choice for criminals” and opposed El Salvador’s decision to use BTC. Judge Sidney H. Stein told Menendez, “You were successful and powerful, at the top of our political system. Somewhere, you lost your way and started working for yourself instead of the public.” Menendez took bribes, including gold and cash, and used his political power to help Egypt.

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Norway’s Central Bank has revealed it has been holding a $514 million stake in MicroStrategy. This move is fueling optimism, with some analysts predicting a potential 50% rally in the company’s stock. The focus on Bitcoin is seen as a key factor driving this long-term bullish outlook. Investors are now anticipating the stock could surpass the $500 mark, adding fuel to the belief that MicroStrategy’s future is bright. With growing confidence in its Bitcoin strategy, the company’s stock is catching the attention of many in the market.

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A Chinese court has ruled that BKEX’s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price movements. Employees like Zheng Lei and Wang were convicted of aiding the platform’s operations. While some sentences were suspended, hefty fines and asset recoveries were imposed. This ruling reinforces China’s strict stance against crypto-related financial crimes.

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Frank Richard Ahlgren III, a Texas resident, was sentenced to two years in prison and ordered to pay $1,095,031 in restitution for tax fraud linked to $4 million in Bitcoin sales. This marks the first cryptocurrency-only tax fraud case in U.S. history. Ahlgren used multiple wallets, face-to-face transactions, and mixers like CoinJoin and Wasabi Wallet to obscure fund movements. His attempts to evade taxes led to his conviction, highlighting increased scrutiny of crypto transactions by authorities.

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Gemini CEO Tyler Winklevoss announced that the exchange will not hire MIT graduates or interns until the university severs ties with former SEC Chair Gary Gensler. This decision stems from a long-standing dispute with the SEC, which fined Gemini $21 million over its Earn program. Gensler, who led aggressive crypto crackdowns, has returned to MIT as a professor. While some industry figures support the boycott, others argue students shouldn’t be penalized. Winklevoss insists Gensler’s policies have harmed the crypto industry, fueling ongoing tensions.

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Digital Currency Group announced that it is spinning out a new mining subsidiary called Fortitude Mining, according to an announcement on Wednesday. Fortitude Mining will be a wholly-owned unit of DCG focused on achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles. Andrea Childs, former senior VP of operations and marketing at Foundry, is now the CEO of Fortitude Mining. Barry Silbert, CEO of DCG, stated that spinning off Fortitude Mining will create more growth opportunities, including raising capital and attracting talent. 

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In a recent development, Phantom, a popular crypto wallet used across multiple blockchains, added beta support for the Sui blockchain on Wednesday. This places Sui alongside Solana, Ethereum, Base, and Bitcoin in Phantom’s growing list of supported chains. With this integration, Sui becomes the first Move-based blockchain network to connect with the wallet. This milestone means that the multichain wallet is now available to SUI holders, allowing millions of Phantom users to natively access this top 20 cryptocurrency token directly within their wallets. Notably, Phantom boasts over 15 million monthly active users.

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Paradigm has pledged $1.25 million to support Tornado Cash co-founder Roman Storm’s legal defense. Storm faces up to 45 years in prison on charges including money laundering and sanctions evasion, sparking concerns about developer liability. Paradigm’s Matt Huang warned that the case could set a dangerous precedent for open-source development. Meanwhile, a Texas court recently overturned sanctions against Tornado Cash, strengthening Storm’s defense. The crypto community, including Vitalik Buterin, has rallied behind him, arguing that prosecuting developers for code misuse threatens the future of decentralized finance and privacy-focused technologies.

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Hong Kong’s Securities and Futures Commission (SFC) has issued its first two crypto trading platform licenses for 2025, bringing the total to seven since mid-2024. PantherTrade and YAX are the latest to receive approval under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The regulator has been actively reviewing crypto firms to ensure compliance with investor protection standards. With only Bitcoin, Ethereum, Avalanche, and Chainlink legally tradable in Hong Kong, the city continues enforcing strict regulations while fostering crypto market growth.

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A WLFI Multisig wallet has poured another $10 million USDT into acquiring 200 million WLFI tokens from Trump’s World Liberty Finance, bringing its total investment to $20 million over the past three days. The growing interest in WLFI is no surprise, as many see the project as a potential game-changer in crypto, backed by high-profile figures and a fresh approach to fintech. With momentum building, all eyes are on WLFI’s next move. The project is also getting noticed because of Trump’s family backing which makes it a hot cake in the current market scenario.

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