Pair weakens as it nears 20-day SMA

NZD/USD eases to 0.5655 on Thursday, extending its pullback from recent highs. The pair is approaching the 20-day SMA, a key level that may determine its next move if breached. Technical indicators signal increasing bearish pressure, with RSI declining sharply and MACD showing weakening momentum. The NZD/USD pair continued its downward drift on Thursday, edging … Read more

Bad actors steal $80 million in January, CEXs hit hardest

Cryptocurrency-related hacks resulted in nearly $74 million in losses in January 2025, marking a staggering ninefold increase from December, according to a new report from Immunefi. The sharp rise came despite a nearly 45% year-over-year decline compared to January 2024, when losses totaled $133 million. The bulk of the losses stemmed from two major incidents: … Read more

Grayscale files for conversion of XRP Trust to a Spot ETF with the NYSE

On Jan. 30, NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale’s $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company, LLC will act as the official custodian, while BNY Mellon Asset Servicing takes charge of administration and transfer duties. This … Read more

Norway Indirectly Holds 3,821 BTC, According to K33 Research

The country’s giant sovereign wealth fund holds over $500 million in Microstrategy shares and similar stakes in other bitcoin-focused companies such as Coinbase. Norwegian Pension Fund Increases Its Bitcoin Exposure by 153% The $1.8 trillion Norwegian Government Pension Fund Global (GPFG) increased its indirect bitcoin (BTC) exposure by 153% in 2024, according to crypto research … Read more

The Rise of Memecoins: DOGWIFHAT vs PEPETO

Every crypto enthusiast or investor understands how volatile the cryptocurrency market can be. However, the crypto market is currently going through a period of volatility. Despite established players like DOGWIFHAT showing signs of recovery, a new memecoin, PEPETO, has captured the attention of investors and potentially shaken up the crypto market. A New Memecoin: PEPETO … Read more

Coinbase Derivatives Files For Solana Futures With CFTC

Coinbase Derivatives, LLC has submitted a self-certification to the Commodity Futures Trading Commission (CFTC) for the listing of Solana (SOL) futures contracts, set to begin trading on February 18, 2025. The filing, dated January 30, 2025, outlines the specifications of the new contract, which will be a USD-settled index future with a contract size of … Read more