January Sees Over 600K New Tokens, Raising Concerns Over Market Liquidity
In January, the launch of over 600,000 new cryptocurrencies raised alarms about the potential impact on market liquidity. This surge in new token creation reached an unprecedented level in January, according to data from GeckoTerminal, as shared by Bobby Ong, co-founder and COO of CoinGecko. Compared to January 2024, the number of new tokens launched […]
Bitcoin faces potential “bearish phase” as key metrics show worrying trend
Bitcoin (BTC) has shown signs of risk, with the possibility of entering a “bearish phase” as investor sentiment shifts and risk exposure decreases at current price levels. On February 15, on-chain data platform CryptoQuant highlighted a troubling trend of Bitcoin leaving derivatives exchanges, signaling a shift in market behavior. Bitcoin flow shift sparks concern for […]
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 […]
BNB Chain Overtakes Solana in Daily Fees, Leads All Blockchains
According to data from Nansen, BNB Chain—linked to Binance—has surged past Solana in daily transaction fees, securing the top spot among all blockchains. On February 13, BNB Chain recorded over $5.8 million in daily fees, significantly outpacing Solana’s $3.3 million and surpassing Ethereum by more than five times. This marks the first instance since Halloween […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]