Monthly archives: February 2025

DeFi protocols have seen a sharp decline in total value locked (TVL), dropping by around $15 billion in just 24 hours as the broader crypto market faced intense selling pressure. According to data from DeFiLlama, DeFi TVL has fallen to $127.3 billion, marking a $14.64 billion decrease from the $141.87 billion recorded on Feb. 2. …

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Russia’s Ministry of Energy plans to introduce a nationwide registry for crypto mining equipment, making registration mandatory for all operations. According to a Feb. 3 TASS report, Deputy Minister of Energy Yevgeny Grabchak is leading the initiative to refine existing mining regulations and improve oversight. The move follows ongoing concerns about illegal mining, particularly in …

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Bybit CEO Ben Zhou has challenged reports that today’s crypto market liquidations totaled just $2 billion. Instead, Zhou suggested that the actual figure could range between $8 billion and $10 billion. The exchange CEO pointed to Bybit’s internal data, which recorded $2.1 billion in liquidations on the platform alone over the last 24 hours. This …

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Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK. He explained: “Governments around the world are embracing digital asset …

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President Donald Trump’s memecoin has reportedly generated more than $802 million since its debut, according to Coinbase director Conor Grogan. Grogan pointed out that the project’s team has funneled over $482 million worth of USDC, SOL, and TRUMP tokens to exchanges. Meanwhile, $240 million in USDC sits in out-of-range liquidity, with an additional $50 million …

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India is reportedly reassessing its stance on crypto, signaling a potential shift in policy as international attitudes toward digital assets become more favorable, according to a Reuters report. This review aligns with recent developments, especially in the United States, where pro-crypto policies have gained momentum, which has bolstered expectations for expanded adoption of financial products …

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Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities. …

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White House cryptocurrency director David Sacks will hold a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the U.S. digital asset strategy. White House to Outline U.S. Digital Asset Strategy in Press Conference Reports and a recently published memo state that David Sacks, who serves as President Donald Trump’s artificial intelligence …

Continue reading “Cryptocurrency Czar David Sacks, Lawmakers to Discuss US Crypto Leadership Plan”