Here is what you need to know on Friday, February 28: The US Dollar (USD) Index, which tracks the USD’s performance against a basket of six major currencies, clings to small daily gains after touching a two-week-high near 107.50 early Friday. Investors await preliminary February Consumer Price Index data from Germany January the Personal Consumption … Read more
The acquisition of Simplehash by Phantom aims to provide users with real-time, high-performance blockchain insights. This move enhances Phantom’s wallet capabilities, offering improved market data, NFT tracking, and spam protection. Phantom Boosts Wallet Performance with Simplehash Integration Phantom, a crypto wallet provider has acquired Simplehash, a token data platform, to deliver faster, more reliable blockchain … Read more
The cryptocurrency market is experiencing a notable downturn, with Bitcoin recently dropping to $79,390, highlighting ongoing bearish trends among investors. This significant drop is part of a broader market decline, further exacerbated by external economic pressures including tariffs and a fluctuating stock market. As Augustine Fan from SignalPlus noted, “Bullish option speculators are throwing in … Read more
The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.6% YoY in January. Markets largely expect the Federal Reserve to hold the policy setting unchanged in March and May. Annual PCE inflation is forecast to edge lower to 2.5% from 2.6% in December. The United States (US) Bureau of Economic … Read more
In a significant move indicating strong market confidence, Bitdeer revealed on Platform X on February 28th that it has augmented its cryptocurrency portfolio by acquiring an additional 50 BTC. This purchase was made at an average price of $81,475 per Bitcoin, marking a notable step in the company’s strategic accumulation approach. Following this transaction, Bitdeer … Read more
Tallinn, 27th February 2025 – ZND is proud to announce its latest milestone: the listing of the ZND token on Gate.io, one of the world’s largest cryptocurrency exchanges. This marks a significant step forward in ZND’s global expansion strategy, making it the first Tier 1 exchange to support the token. The Gate.io listing represents a … Read more
Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist. “This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse … Read more
Chinese e-commerce giant Alibaba reported that it was ready to invest $53 billion in artificial intelligence (AI) and cloud computing initiatives in the next three years. The commitment is part of a gradual push of the company to these technologies, allowing it to increase its growth. According to Alibaba CEO Eddie Wu, AI has the … Read more
Calls are growing for the CFTC to regulate meme coins, with former officials arguing they fall under commodities law. Meanwhile, US lawmakers are pushing legislation to ban public officials from issuing meme coins due to financial exploitation concerns, particularly regarding Trump’s TRUMP and MELANIA tokens, which have suffered major losses. SEC Rules Out Meme Coins … Read more
FNXAI is projected to trade between $2.09 and $10.45 in 2025, with an average price of $6.17, driven by increasing adoption and bullish sentiment. If FNXAI maintains its upward momentum, a breakout beyond $10.45 could be possible, but price stability above $6.17 remains a key factor for long-term growth. Market corrections could occur, but sustained … Read more