Crypto news

The demand for bitcoin on US soil has seemingly disappeared, at least when it comes down to purchases through locally based exchange-traded funds. In fact, data from FarSide shows that February has been a particularly negative month for BTC ETFs, with withdrawals dominating most days. BTC ETFs See Mostly Outflows The launch of the 11 spot Bitcoin ETFs in the States last January was received with open arms by investors as they rushed to transfer their funds out of the...

The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions. According to the report, the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in the coming months. The evolving Japanese financial landscape could see an increased risk of rapid unwinding in yen carry...

Ethereum’s price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable. Technical Analysis By Shayan The Daily Chart ETH recently found support at the critical $2.5K level and has since jumped toward the $3K region, revisiting the previously broken trendline of the descending wedge. However, this upward movement appears...

TL:DR Pi Network finally launched its Open Network earlier this week, alongside the PI token, but its price tumbled in a classic sell-the-news event. However, it has rebounded hard in the past 24 hours following strong speculation that it will be listed by the world’s largest crypto exchange. After years and years of development, rumors, delays, and speculations, Pi Network finally released its Open Network and native token for trading on February 20. Although the project...

TL;DR One analyst indicated that the second-largest meme coin has lost a crucial support line, and it could plunge by another 30% or even more in the near future. In contrast, another market strategist suggested that SHIB’s current price movements are a part of a large Inverse Head and Shoulders structure, which could lead to a 400+% surge. Ali Martinez was on the bearish side, claiming that SHIB’s most recent price declines – a 4% drop in the past week and over 23% since...

The crypto market is charging full steam ahead in 2025, and investors are on the lookout for the next big thing. With institutional adoption at an all-time high, governments warming up to regulation, and blockchain technology evolving at lightning speed, this year is shaping up to be a massive one for digital assets. Amid the noise, a few standout cryptocurrencies are making waves and catching the attention of savvy investors. One such project that’s dominating the conversation is...

The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of crypto in everyday transactions. Stablecoins Lead the Charge The total transaction volume processed through Binance Pay in...

The SEC’s 240-day investigation of Grayscale’s XRP ETF is currently underway. Following regulatory changes, the possibility of XRP ETF approval has increased to 81%. The United States Securities and Exchange Commission (SEC) has officially approved the Grayscale bid to reclassify its XRP Trust as an ETF based on a spot exchange-traded product. NYSE Arca filed on January 30th, initiating a 240-day review cycle before a decision must be made by October 18, 2025. The SEC approval was released in...

The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024, according to a recent report by crypto tax and portfolio tracking platform CoinLedger. The study analyzed data from more than half a million users, highlighting key trends in the digital asset market, including top-performing tokens and the impact of regulatory changes on trading platforms. Winners and Losers According to the report shared with CryptoPotato, SUPER, the native token of the...

A Chinese court invalidates a crypto investment contract, ruling it illegal. Foreign investors face risks as China enforces strict crypto bans. A Chinese court has ruled that a cryptocurrency investment contract between a Singaporean investor and a Chinese citizen is invalid. The investor, Mr. Pan, collaborated with a Chinese citizen, Mr. Tian, to invest in a blockchain project. Pan’s financial support enabled the operation together with Tian who directed the technical aspects of operations....