Monthly archives: February 2025

Circle co-founder Jeremy Allaire has called for US dollar-pegged stablecoin issuers to be registered in the United States, emphasizing the need for regulatory clarity as lawmakers introduce new legislation on digital assets. Allaire made the statement during a Bloomberg interview on Feb. 26 amid growing discussions in Washington over stablecoin oversight, a key issue in …

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Bitcoin’s (BTC) price collapsed to $83,223.04 after a 6.5% correction over the past 24 hours. According to a recent Glassnode report, BTC is currently trading in a low-liquidity “air gap” zone between $70,000 and $88,00. It added that the absence of demand heightens the risk of further downside. The report tied the downside pressure to …

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A recent report by River revealed that hedge funds and registered investment advisors’ (RIA) exposure to Bitcoin (BTC) via exchange-traded products (ETF) reached $34.3 billion as of Dec. 31, showing a 357% growth last year. The report highlighted that 458 RIAs have BTC exposure, with the weighted average allocation being 0.02%. Notably, investment advisors’ exposure …

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Gotbit founder Aleksei Andriunin has been extradited to the US to face charges related to market manipulation and wire fraud conspiracy, according to a Feb. 26 statement by the US Attorney’s Office District of Massachusetts. Andriunin was arrested on Oct. 8, 2024, by authorities in Portugal, where he was living. Following his extradition, he appeared …

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Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange’s initial forensic report, the attack was executed through Safe’s AWS S3 bucket, allowing bad actors to manipulate the wallet front end. Meanwhile, Safe said in a separate …

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Oklahoma’s effort to establish a state Bitcoin reserve took a step forward on Feb. 25 after the House Government Oversight Committee approved HB 1203, moving it to the full House for further debate. The Strategic Bitcoin Reserve Act, introduced by Rep. Cody Maynard in January, passed the committee with a 12-2 vote in favor. If …

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Insights Bitcoin Bitcoin’s SOPR falls below 1 as short-term traders shift $7 billion BTC to exchanges at a loss. On Feb. 25, Bitcoin’s price tumbled to a three-month low, falling below $90,000 as short-term holders offloaded their holdings amid bearish market sentiment. CryptoQuant’s data indicates that the Short-Term Holder Spent Output Profit Ratio (SOPR) fell …

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Aya Miyaguchi has transitioned from executive director to president of the Ethereum Foundation, effective Feb. 25, 2025, as part of a leadership restructuring aimed at addressing community concerns and advancing institutional partnerships. Aya Miyaguchi Steps Into Ethereum Foundation Presidency Miyaguchi, who joined the nonprofit in 2018, oversaw key milestones such as Ethereum’s 2022 transition to …

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Fold Holdings has expanded its bitcoin treasury with the purchase of 10 additional BTC at an average price of $87,500 per coin. The move underscores Fold’s long-term commitment to bitcoin as a core treasury asset. Fold Holdings Adds 10 Bitcoin to Treasury, Reinforcing Long-Term BTC Strategy Fold Holdings Inc., a bitcoin financial services company, has …

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Dune Analytics announced support for 100 blockchains on February 26, 2025, expanding its data tools amid increasing demand for unified cross-chain analytics. Dune’s Cross-Chain Data Tools Now Cover 100 Networks The blockchain analytics and intelligence platform Dune now integrates major layer one (L1) networks like Ethereum, Solana, and Avalanche; layer two (L2) solutions including Arbitrum …

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This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. Best Wallet (BEST) just got a major upgrade. The platform has rolled out full Bitcoin support and expanded its multi-chain capabilities. With the project’s presale having raised over $10.5 million, it’s clear Best Wallet …

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