Tether Invests in Juventus Football Club
Stablecoin giant Tether has expanded its influence in the sports world by securing a minority stake in Juventus FC, one of Italy’s most historic football clubs. Founded over 125 years ago in Turin, Juventus remains a dominant force in Serie A. Announced on Feb. 14, the investment aligns with Tether’s mission to bring stablecoins, digital […]
Analysts Expect Altcoin Season Delay Amid Weak Retail Interest
Crypto experts suggest that altcoins remain in an early “speculative” phase, yet to reach the highs of 2021. Despite some altcoins seeing price surges, the overall market lacks strong participation from retail investors. The ongoing memecoin craze appears to be absorbing much of the attention, limiting the short-term upside for many altcoins. For example, the […]
Tether Rebukes JPMorgan Analysts for Suggesting Bitcoin Sale
Tether, the issuer of the USDT stablecoin, has fired back at JPMorgan analysts who suggested it may need to offload Bitcoin to comply with potential US stablecoin regulations. On Feb. 12, a JPMorgan research team led by strategist Nikolaos Panigirtzoglou released a report indicating that newly proposed US stablecoin legislation could pressure Tether into selling […]
Mastercard Tokenized 30% of Transactions in 2024
Global payments leader Mastercard announced that it successfully tokenized 30% of its transactions in 2024 while also recognizing the growing influence of stablecoins and cryptocurrencies in the financial sector. In a filing with the US Securities and Exchange Commission, Mastercard highlighted its progress in “advancing the payments ecosystem.” Key initiatives included transaction tokenization, developing blockchain-powered […]
Bitcoin bull run comeback? Whale Inflows to Exchanges Hit 5-Year High
Bitcoin is hinting at a renewed bull run as whale activity on exchanges stabilizes this month. According to on-chain data from CryptoQuant, large-scale Bitcoin transactions into exchanges are showing signs of forming a lower high in February, suggesting a potential shift in market dynamics. Whales Signal the Next Bullish Phase Historically, Bitcoin’s market cycles peak […]
Bitcoin Falls Below $95K as US Inflation Exceeds Expectations
The cryptocurrency market took a hit on Feb. 12 as Bitcoin and other digital assets slipped into the red following higher-than-anticipated US inflation data. Bitcoin (BTC) briefly dropped under $95,000 after the US Consumer Price Index (CPI) for January 2025 showed inflation at 3% year-over-year—0.1% above projections. The US Bureau of Labor Statistics reported a […]
Franklin Templeton Launches US Gov’t Fund on Solana
Franklin Templeton, a U.S.-based financial services firm managing $1.6 trillion in assets, revealed on Feb. 12 that it had introduced its OnChain US Government Money Fund (FOBXX) on the Solana blockchain. This expansion marks another milestone for FOBXX, which first launched in 2021 and is now available on multiple blockchains. FOBXX primarily invests in U.S. […]
CME Group Reports Record-High Crypto Trading Volumes in Q4
Leading US derivatives exchange CME Group announced an all-time high in cryptocurrency trading volumes during the fourth quarter of 2024, as revealed in its Feb. 12 earnings call. CME recorded an average daily trading volume of roughly $10 billion in crypto derivatives for Q4 2024, reflecting a staggering 300% surge compared to the same period […]
Satoshi Nakamoto, Bitcoin’s Mysterious Creator, Could Surpass Bill Gates in Wealth
The enigmatic figure behind Bitcoin, known as Satoshi Nakamoto, could now have a fortune exceeding that of Microsoft co-founder Bill Gates, thanks to the soaring value of Bitcoin, according to recent blockchain analysis. Estimates suggest that Nakamoto possesses around 1.096 million BTC, which is valued at over $108 billion, as per insights shared by Conor […]
Bitcoin Sees Strong Demand at $98K as Analyst Predicts RSI Breakout
Bitcoin maintained stability around the $98,000 mark as Wall Street opened on Feb. 6, with traders highlighting several optimistic indicators. Market Sentiment Remains Bullish Data from market tracking platforms, including TradingView, showed Bitcoin consolidating within a narrow range. Despite yet another attempt to breach the psychological $100,000 threshold, BTC price action remained relatively steady as […]