Bitcoin enters ‘technical bear market’ as BTC price drops 20% from ATH
Bitcoin hit fresh 15-week lows on Feb. 25 as selling pressure from the US market pushed BTC further downward. BTC price declines hit bear market territory Data from TradingView showed BTC/USD approaching the $86,000 mark, struggling to find strong support. At its lowest point since Nov. 13, Bitcoin remained under pressure following a wave of […]
Nasdaq Seeks Approval to List Grayscale Polkadot ETF
The Nasdaq stock exchange has filed to list a Grayscale exchange-traded fund (ETF) that would hold DOT, the native token of the Polkadot network, according to recent regulatory filings. If approved, the Grayscale Polkadot Trust would become part of the company’s expanding lineup of publicly traded cryptocurrency funds. This filing joins a growing number of […]
Strategy Acquires 20,356 Bitcoin for Nearly $2B, Closing in on 500K BTC Holdings
Strategy has expanded its Bitcoin portfolio by purchasing an additional 20,356 BTC for approximately $1.99 billion, further solidifying its position as the largest corporate Bitcoin holder. Formerly known as MicroStrategy, the company led by Michael Saylor secured the latest acquisition at an average price of $97,514 per BTC. This brings Strategy’s total Bitcoin reserves to […]
Dubai Approves USDC and EURC as First Stablecoins Under Token Regulations
The Dubai Financial Services Authority (DFSA) has granted official recognition to Circle’s stablecoins, USD Coin (USDC) and EURC, under its crypto regulatory framework. This marks the first time stablecoins have been approved under the regime. With this approval, businesses operating within the Dubai International Financial Centre (DIFC) can now integrate USDC and EURC into various […]
US Bitcoin ETFs See $1.14B in Outflows Over Two Weeks Amid Trade Uncertainty
Bitcoin exchange-traded funds (ETFs) in the US have experienced their largest-ever two-week outflow as investor sentiment weakened due to escalating trade tensions between the US and China. According to data from Sosovalue, spot Bitcoin ETFs saw a net outflow of more than $1.14 billion in the two weeks leading up to Feb. 21. This marks […]
Bybit Hackers Potentially Tied to Solana Memecoin Scams
The infamous Lazarus Group, suspected of orchestrating the massive $1.4 billion Bybit hack, may also be linked to fraudulent Solana memecoin projects, including rug pulls on Pump.fun, according to blockchain investigator ZachXBT. On February 21, Bybit suffered the largest crypto heist in history, losing over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH), […]
Ethereum at a critical point: Can it skyrocket above $3,000?
Ethereum must break through the critical $3,000 psychological level to reverse its two-month downtrend, a move that now depends largely on investor sentiment in the wake of the biggest financial hack in crypto history. The second-largest cryptocurrency has been in a downward trajectory since reaching a high of over $4,100 on Dec. 16, 2024—its highest […]
The approval of an ETF could help Solana overcome its “meme chain” label.
When Solana launched in 2020, co-founder Anatoly Yakovenko envisioned it as a blockchain equivalent to Nasdaq— a hub for onchain financial markets. Fast forward five years, and the activity surrounding Solana has skewed more towards memecoin trading, which resembles the volatility of penny stocks rather than the stability of tech giants like Apple or Nvidia […]
Pi Network’s Token Drops 65% After Mainnet Launch
The PI token from Pi Network saw a dramatic drop of over 65% after the project’s much-anticipated mainnet went live. On February 20, Pi Network revealed the official launch of its “Open Network,” marking the beginning of a phase where users can access centralized exchanges and interact with businesses outside its original ecosystem. Alongside this, […]
The Altcoin Season Has Begun: CryptoQuant CEO
The next altcoin season has begun, according to Ki Young Ju, the CEO of CryptoQuant. He notes that the increased trading volume of altcoins, which is now about 2.7 times higher than Bitcoin’s, signals the start of this cycle. In a February 20 post on X, Young Ju pointed out that “BTC Dominance no longer […]