Category: crypto

Bitcoin could see a turnaround this weekend after six weekends of negative returns, according to Standard Chartered’s Geoffrey Kendrick. He believes improved macroeconomic conditions and lower US bond yields may lead to positive performance. Kendrick also discussed broader macroeconomic developments and suggested that Bitcoin could reach $102,500 in the near term.

State Street and Citi are considering offering crypto custody services to institutional investors, traders, and large funds. State Street plans to roll out these services next year, while BNY Mellon is looking to expand its offerings. Citi is exploring its entry into the crypto custody space and recently completed a proof of concept on tokenizing…

Ethereum’s Pectra upgrade is live on the Ephemery testnet in preparation for an April mainnet launch. Testnet forks are scheduled for Feb. 24 and March 5 to identify and address any issues before the mainnet activation. Developers are also discussing a faster upgrade cycle and planning for the next major upgrade, Fusaka.

Vitalik Buterin argues that increasing Ethereum’s L1 gas capacity is crucial to support transactions and application development as activity moves to L2. By expanding the gas limit, the network can process more transactions and operations, reducing costs for bypass transactions and improving scalability for mass exits and token issuance on L2.

Tether Investments acquired a minority stake in Juventus Football Club as part of a strategy to integrate digital assets and emerging technologies into traditional industries. The move aims to expand Tether’s portfolio beyond its stablecoin USDT and enhance operational frameworks in the sports industry. Juventus has a history of success in Italian football, and the…

Ripple CEO Brad Garlinghouse is optimistic about progress in US crypto regulations after meeting with lawmakers in Washington, D.C. Discussions with Senators and Representatives highlighted potential bipartisan legislation for a regulatory framework. The industry expects development under President Trump’s administration, with bills like the STABLE Act and GENIUS Act proposing regulations for stablecoins. Regulatory bodies…

Former Binance CEO Changpeng Zhao faced scrutiny after multiple memecoins named after his dog, Broccoli, emerged. Zhao revealed his dog’s name and photo but clarified he wouldn’t launch a Broccoli-themed token himself. Scams arose, with critics claiming Zhao’s disclosure made it easy for opportunists to exploit the hype. Despite defending his position, Zhao admitted he…

The SEC has acknowledged Grayscale’s applications for spot Dogecoin (DOGE) and XRP exchange-traded funds (ETFs), marking the first step in the regulatory review process. This indicates a willingness to consider these crypto ETFs, with potential approval leading to direct exposure to DOGE and XRP for investors. Despite regulatory uncertainty, there is a growing possibility that…

Coinbase ended 2024 with strong financial results, reporting $2.3 billion in revenue for Q4 and $6.6 billion for the full year. The company saw significant growth in trading revenue and net income, attributing its success to new product offerings and efforts to integrate on-chain finance. Coinbase is focused on regulatory clarity and aims to drive…

Robinhood CEO Vlad Tenev believes the crypto-friendly environment in the US will benefit the firm’s business, praising the benefits of stablecoins and tokenization. He highlighted the importance of 24/7 liquidity in crypto trading and discussed the potential of tokenizing private company stocks for US investors. Tenev also emphasized the need for stablecoins to accrue yield…