Category: crypto

BTC has fallen by 5% due to tariffs and geopolitics, with Kraken VP Matt Howells-Barby highlighting critical support levels for the digital asset. He warns of a potential breakdown towards the mid-to-low $50k range, pointing to historical data suggesting further downside before a durable floor is established.

BTC’s price has been affected by mentions of tariffs on social media platforms, with significant spikes in discussions following major tariff announcements in the past year. Trump’s recent announcement of a 15% global tariff led to a surge in social media engagement and a fresh round of BTC selloffs, highlighting increased macro and legal uncertainty…

Arizona lawmakers are advancing legislation to create a Digital Assets Strategic Reserve Fund, allowing the state to hold, invest, and potentially lend seized cryptocurrencies like Bitcoin, XRP, and DigiByte. The fund would be capitalized using confiscated assets and administered by the State Treasurer. The bill still needs to pass through legislative chambers and executive review.

XRP products gained $3.5 million in inflows last week, while overall crypto funds saw outflows of $288 million. This marks the fifth consecutive week of withdrawals from digital asset funds, totaling $4 billion over the period. XRP, SOL, and LINK were among the few cryptocurrencies that attracted new capital during this time.

Dogecoin’s price has dropped below key moving averages, indicating a bearish trend with a potential decline to $0.06. Technical indicators suggest continued downside pressure, with low trading volume and Bollinger Bands pointing towards further drops. The next support level is near the August 2024 bottom. Reclaiming key levels is necessary for a bullish reversal.

Crypto.com has received conditional approval from the OCC to launch a federally regulated trust bank in the United States. The bank will focus on digital asset custody, staking, and settlement services, catering to institutional clients. This move reflects a trend towards federal oversight in the crypto industry.

Step Finance is shutting down its Solana-based platforms due to a hack in January that led to losses of up to $40 million. Efforts to secure funding or pursue acquisition were unsuccessful. The breach targeted executive devices, not smart contracts. Buybacks and token redemptions are being prepared for users.

On-chain investigator ZachXBT hinted at a major exposé on insider trading in the crypto industry. The post drew over 6 million views on X, with Polymarket traders speculating on potential targets like Meteora, Pump.fun, and others. The investigation is set to be released on February 26, sparking widespread speculation.

Ethereum co-founder Vitalik Buterin has sold nearly $7.3 million worth of ETH over the past three days, according to Lookonchain. Despite the sales, Buterin’s wallets still hold a substantial amount of ETH. The sales come as Ethereum trades lower around $1,800, with Buterin focusing on long-term resilience and security.

The Federal Reserve Board of Governors proposed removing “reputation risk” from bank supervision standards to end Operation Chokepoint 2.0. This change aims to focus on concrete financial risks and prevent debanking pressures on lawful sectors, particularly cryptocurrency firms. Senator Cynthia Lummis supports the proposal to make supervision fairer for all lawful sectors.