Behind the scenes, Bitcoin legislation is advancing at the state level in the United States, with almost 30 proposals directing funds into reserves. As Matthew Sigel, Head of digital assets research at VanEck, reported, 20 of the bills under review could alone drive up to $23 billion in buying, or approximately 247,000 BTC, if enacted. …
Continue reading “20 US State Bitcoin Reserves could alone drive $23B inflow as more follow”
Bitcoin fell 2.5% to $94,100 following the release of U.S. Consumer Price Index (CPI) data for January, which showed a year-over-year inflation increase of 3%, exceeding the forecasted 2.9%. The core CPI, which excludes volatile food and energy prices, rose 3.3%, also above expectations of 3.1%. The monthly CPI increase of 0.5% further accentuated persistent …
Continue reading “Bitcoin falls to $94k as first US inflation print under Trump comes in hot”
ZkLend, a decentralized lending protocol on Starknet, has confirmed an exploit on its platform and urged the attacker to return stolen funds. While the platform has not disclosed the exact amount taken, blockchain security firm Cyvers estimates the loss at approximately $9.5 million. Bounty offer In a Feb. 12 post on X, the lending protocol …
Continue reading “ZkLend hack sees $9.5M exploit, offers hacker 10% bounty for return”
Crypto.com has officially launched its crypto asset services across all European Economic Area (EEA) states, according to a Feb. 12 X post. The exchange stated: “Crypto.com is proud to confirm from today it can provide crypto asset services cross border to all EEA Member States We look forward to raising our brand profile in vital …
Continue reading “Crypto.com obtains new MiCA license to officially service European customers”
The altcoin market has shed $234 billion over the past two weeks, marking one of the largest devaluations in history. While bitcoin has remained volatile, it has shown resilience compared to the widespread sell-off across the broader crypto landscape. Altcoin Market Cap Sees Historic Drop The altcoin sector has suffered a severe downturn, with its …
Continue reading “Altcoin Market Capitalization Falls by $234 Billion as Bitcoin Holds Steady”
Fresh economic indicators from the U.S. Bureau of Labor Statistics reveal persistent inflationary pressures, with January’s pricing trends for household staples and essential services climbing 0.5% above December’s figures. Something Has Got to Give—Stubborn Inflation and Record-Low Reverse Repo This incremental yet stubborn rise reflects the ongoing challenge of cooling price elevations across foundational consumer …
Continue reading “US Inflation ‘Nightmare’ Remains Sticky as January Price Hikes Unsettle Markets”
Hotter-than-expected inflation data released Wednesday morning applied downward pressure on both traditional and crypto markets. Inflation Fears Push Bitcoin Below $96,000 Threshold Bitcoin (BTC) is struggling to maintain momentum, trading at $95,580.74 at the time of reporting. The leading cryptocurrency has declined 1.55% in the past 24 hours and is down 3.55% over the past …
Continue reading “Bitcoin Slips Below $96K as Inflation Concerns Rattle Markets”
First movers make fortunes in crypto. Anybody who’s been in crypto for any length of time knows this for a fact. Skeptical? Ask anyone who’s been in Bitcoin, Ethereum, or Solana since day one. If you’ve missed out on Bitcoin or any groundbreaking crypto following its trajectory since it’s already too late. Lucky for you, …
Continue reading “Bitcoin Pepe: Bitcoin’s First Meme ICO Has Launched and FOMO Is Real”
Bitcoin miners are confronting a perfect storm of falling revenue and dwindling network activity, raising concerns about the blockchain’s long-term security. Bitcoin’s Transaction Drought Daily bitcoin (BTC) transactions have dropped to their lowest levels since late 2023, leaving the mempool—the queue of unconfirmed transactions—unusually empty. This decline has slashed transaction fees, which now barely contribute …
Continue reading “Without More Bitcoin Transfers, Miner Revenue and Network Security Could Crumble”
Meme coins have endured a challenging February, losing $23.573 billion in value over the last 12 days. Faltering Meme Coins Recently, the meme coin market has encountered losses that have nullified gains amassed in earlier months. Twelve days ago, on Feb. 1, 2025, the meme coin economy was valued at $100.592 billion; today, after losing …
Continue reading “Meme Coins Suffer Sharp Downturn, Erasing Over $23 Billion in 12 Days”
For years, Polymarket and Kalshi have dominated the prediction market sector, offering users a platform to wager on future events. But the tides of change are upon us as Devine Protocol, a prediction market being built on the SUI blockchain, is emerging as a formidable contender to challenge these established giants and potentially carve out …
Blockchain tracking firm Lookonchain says a crypto trader is looking at massive losses after one decentralized finance (DeFi) project underwent a severe correction. According to Lookonchain, a crypto whale sold nearly 18 million Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), for a loss of more than $12 million after the altcoin plunged …
An Alabama man has pled guilty to hacking the U.S. Securities and Exchange Commission’s (SEC) X account last year and faces up to five years in prison. In January 2024, Eric Council Jr., 25, conspired with others to commandeer the SEC’s X account and prematurely announce the approval of spot Bitcoin (BTC) exchange-traded funds (ETF) …
Attention in the crypto sector is shifting away from memecoins and moving towards large-cap layer-1 projects, according to the digital asset analytics firm Santiment. Santiment notes traders are more focused on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Toncoin (TON) and Cardano (ADA), which the firm says suggests a healthier crypto market dynamic. “A shift in …
TLDR Over 1.09 million ETH ($2.9 billion worth) has moved off centralized exchanges in the past nine days, indicating reduced selling pressure and potential bullish momentum ETH/BTC’s monthly Relative Strength Index hit oversold levels for the first time in Ethereum’s history, suggesting a possible trend reversal The 365-day MVRV ratio dropped to -17.48%, similar to …
