FTX announces next repayment round for May
The bankrupted crypto exchange started repaying its creditors on Feb. 18, over two years after its dramatic collapse.
XRP Price Struggles Amid 53% Drop in Active Wallets
XRP price has dropped nearly 4% in the last 24 hours and is down 21% over the past 30 days, bringing its market cap to $144 billion. The decline comes as key technical indicators flash warning signs, with the Chaikin Money Flow (CMF) hitting its lowest level since June 2022 and active addresses dropping by … Read more
JPMorgan: Trump’s Market Influence Diminishes, but Tariff Tweets Still Rattle Markets
A JPMorgan study reveals that Trump’s social media influence on financial markets has decreased, with only 10% of his economic-related posts triggering currency movements. However, tariff-related tweets continue to impact global markets, raising questions about potential spillover effects into crypto. Trump’s Tariff Tweets Still Move Currencies and Crypto Could Be Next Donald Trump’s social media … Read more
Somnia to Secure $270M Backing from Improbable & MSquared to Boost Ecosystem
Improbable’s further investment in the Somnia ecosystem is intended to boost its expansion. This follows the successful completion of the Somnia Devnet, which established new standards for speed, throughput, and user involvement. Somnia, a Layer 1 blockchain built for fully onchain, high-demand consumer apps, has revealed that Improbable and MSquared would contribute up to $270M in combined … Read more
Michael Saylor’s Strategy flags profitability risk amid Bitcoin volatility and tax worries
Strategy (formerly MicroStrategy) faces trouble after stocking a large number of Bitcoins in recent months. Today, in a 10-K filing with the Securities and Exchange Commission (SEC), it warned of lower profits due to a possible higher tax load. A 10-K filing is an annual financial report that publicly traded businesses must send to the … Read more
LIBRA memecoin scandal dings Solana’s image, but here’s the real reason why SOL is down
Solana price plummets as a drop in onchain activity, declining DApps TVL and looming SOL token unlocks approach.
SEC acknowledges Cboe’s request to list 21Shares XRP ETF
According to a Feb. 14 regulatory filing, the United States Securities and Exchange Commission (SEC) has acknowledged Cboe BZX’s request to list asset manager 21Shares’ XRP exchange-traded fund (ETF). Not to be confused with an actual XRP ETF approval, the acknowledgment is a sign of progress for US exchanges seeking to list ETFs containing spot … Read more
Grayscale launches Pyth investment fund
The fund claims to offer “higher-beta” exposure to the growth of the Solana ecosystem as Grayscale continues to expand its suite of single-asset crypto funds.
Canadian Dollar holds steady after CPI inflation uptick
The Canadian Dollar covered little ground on Tuesday, holding flat against the Greenback. Canadian CPI inflation rose in January, with core CPI metrics climbing more than expected. The Loonie remains hampered near key technical levels as bullish momentum evaporates. The Canadian Dollar (CAD) traded blows with the US Dollar (USD) on Tuesday, keeping USD/CAD stead … Read more
Fold Goes Public on Nasdaq Tomorrow—Bitcoin Finance Enters New Era
Fold is set to make history as the first bitcoin financial services company to go public, trading on Nasdaq after completing a SPAC merger. Fold Hits Nasdaq Tomorrow—Bitcoin Finance Gets Its Moment Fold Holdings Inc. announced on Feb. 18 that it will debut on Nasdaq, making history as the first bitcoin financial services company to … Read more