Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week …
Monthly archives: February 2025
Ethereum Is Getting Pretty Close to Bottoming Out Against Bitcoin, Warns Crypto Analyst Benjamin Cowen
A widely followed crypto analyst says that smart contract platform Ethereum (ETH) appears close to bottoming out against Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC …
Illicit Crypto Addresses Received $40,900,000,000 Worth of Digital Assets Last Year: Chainalysis
Illicit crypto addresses pocketed a staggering $40.9 billion worth of digital assets last year, and that number is likely to balloon even further, per a new report from the blockchain data firm Chainalysis. Chainalysis notes in its annual Crypto Crime Report that 2024’s total is currently less than the $46.1 billion worth of crypto that …
SEC Likens Memecoins to Collectibles With ‘No Use’, Declares Meme Assets Are Not Securities
The top US securities regulator is officially announcing that memecoins do not fall under its purview, comparing the burgeoning crypto sector to “non-functional” collector’s items. In a new statement, the U.S. Securities and Exchange Commission (SEC) is declaring that memecoins are officially not securities. As defined by the SEC’s statement, “A ‘meme coin’ is a …
XRP price to $18K? — One crypto ‘research’ group says it’s possible
A group of analysts say various data points support an XRP rally to $18,000 per coin. Cointelegraph takes a closer look at the data. The speculative nature of cryptocurrencies personifies the idea that “anything is fair game” when it comes to valuation. These analyses can thread a thin line between being respectable or ridiculed. In …
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States likely to adopt Bitcoin reserves first: Report
US Senator Cynthia Lummis expects progress toward a Bitcoin reserve to be slower at the federal level. States are likely to adopt Bitcoin (BTC) reserves before the US federal government does, Senator Cynthia Lummis reportedly said on Feb. 28 during the Bitcoin Investor Week conference in New York. “My bets are that you’ll see a …
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Millions of Dollars To Be Handed Out Per Year – No Strings Attached – As US City Launches New Guaranteed Income Pilot Program
A US city is launching a guaranteed income pilot program that will disperse millions of dollars per year to families living below the poverty line. Billed as the “first-ever cash prescription program” in Kalamazoo, Michigan, the Rx Kids guaranteed income pilot program has allocated $10 million to help pregnant and nursing mothers financially during the early …
SEC Closes Investigation Into Crypto Exchange Gemini Without Recommending Enforcement Action: Cameron Winklevoss
Gemini co-founder Cameron Winklevoss says that federal securities regulators have ended their probe into the US-based crypto exchange. According to Winklevoss, the U.S. Securities and Exchange Commission (SEC) has informed Gemini lawyer Jack Baughman that it has concluded its investigation and will not pursue an enforcement action against the platform. The SEC has already dropped its case against …
SEC again delays Ether ETF options on Cboe
The agency has postponed a final ruling on the exchange’s proposal until May 2025. The US Securities and Exchange Commission has once again extended its deadline for deciding whether or not to permit Cboe Exchange to list options tied to Ether exchange-traded funds (ETFs). The agency has given itself until May to make a final …
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Bitcoin rebounds to $84K — Analysts say BTC crash was ultimate buy signal
Regulatory developments, nation-state exposure, onchain data and TradFi integration are proof that BTC’s fundamentals were unaffected by the recent sell-off. Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding …
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BlackRock adds BTC ETF to $150B model portfolio product
BlackRock, an investment firm with $11.5T AUM, has added its Bitcoin ETF to its $150B model portfolio product. BlackRock, a global investment firm with $11.5 trillion in assets under management, has added its Bitcoin exchange-traded fund (ETF) to its model portfolio product, according to a Feb. 28 report from Bloomberg. Portfolios that allow for alternative …
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Price analysis 2/28: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX
Bitcoin’s sharp recovery is proof that dip buyers remain active at lower levels. Will altcoins follow? Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be …
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CME Group set to launch Solana futures on March 17, strengthening ETF prospects
Trump Organization sets sights on metaverse, NFT trading platforms with new trademark filing Web3 1 hour ago The Trump Organization’s planned metaverse aims to bridge traditional sectors with emerging technology, featuring digital wearables, virtual dining, and educational services. Go to Source
Trump Organization sets sights on metaverse, NFT trading platforms with new trademark filing
The Trump Organization is broadening its digital ambitions with a new trademark filing that points to an imminent entry into the blockchain space. The filing, submitted on Feb. 24, by DTTM Operations LLC to the US Patent and Trademark Office, reveals plans for a proprietary “TRUMP” mark that will underpin a suite of digital offerings, …
Ethereum grapples with unexpected Holesky setback in Pectra upgrade testing
Ethereum’s upcoming Pectra upgrade faced an unexpected challenge on Feb. 24 that impacted its testing on the Holesky testnet. On Feb. 27, Tim Beiko, Ethereum Foundation Protocol Support Lead, explained that the failure resulted from execution clients—Geth, Nethermind, and Besu—using incorrect deposit contract addresses. This misconfiguration triggered an execution layer (EL) bug, leading to chain splits. …
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