Author: John Smith
The balance of Tether’s stablecoin, the largest in the world by market share, has surged to near all-time highs on the Tron network. Data shows the supply of Tether (USDT) on the Tron (TRX) network has spiked following two notable $1 billion mints over the past week. This has pushed the stablecoin’s circulating supply on Tron toward its highest recorded level. CryptoQuant analyst JA Maartun highlighted the trend on Feb. 7, noting on X that the rise in USDT on Tron suggests increasing demand. This could be due to stablecoin-driven market activity or a broader need for liquidity. “Over the…
The National Bank of Poland has firmly ruled out the possibility of incorporating Bitcoin into its currency reserves, citing significant security concerns. NBP President and Monetary Policy Council Chairman Adam Glapiński emphasized the necessity of absolute security in reserve assets during a recent press conference, according to the Warsaw Business Journal. He stated, “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure.” JUST IN: The National Bank of Poland stated that it will not hold #Bitcoin in its reserves under any circumstances. The regulator’s chief emphasized that $BTC does not meet security criteria.— Jacob King…
IOTA continued its downward trend this week, reaching its lowest level in over two weeks, even as developers made further progress on the Rebased upgrade. IOTA (IOTA) token dropped to a weekly low of $0.1743 on Monday as Bitcoin (BTC) and other altcoins slipped. It then stabilized at $0.2230 on Friday, up 30% from its lowest level this week. The coin retreated despite ongoing progress in the Rebased testnet. In a statement, developers reported that more validators had joined the testnet, including Stakefish, which has over $3 billion in staked assets, along with Realize, Allnodes, InfraSingularity, and Keyring. Other validators…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE drops 20% this week amid market swings, while Remittix’s presale surges past $11 million, continuing its record-breaking momentum. A growing number of traders are labeling the PEPE meltdown after the meme coin tumbled 20% in just one week, even as its trading volume briefly spiked on social media buzz. Remittix synergy has led to a record-breaking presale run, raising over $11 million and aiming to change how people send money worldwide. Those who are tired of tokens dependent…
Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims. A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit. In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana, Ethereum catch attention with potential price surges, while Agent A.I. emerges as a promising meme coin. As the crypto market heats up, buzz surrounds potential price surges. Big names like Solana and Ethereum are in the spotlight, hinting at significant value increases. Enthusiasts and investors are keen to see if these coins will reach new highs, capturing the market’s imagination and fueling further interest. Meanwhile, a new player seeks to capture attention. Mission Briefing: Agent A.I. emerges as…
A U.S. judge has ruled that crypto exchange Coinbase must face a class action lawsuit filed by customers in New York, Reuters has reported. The lawsuit alleges that Coinbase illegally sold securities and that it acted as a direct seller. In a ruling delivered on Feb. 7, U.S. District Judge Paul Engelmayer rejected Coinbase’s argument that it is not a statutory seller under U.S. federal securities law. The exchange also contended that it never transferred the title of the 79 tokens listed in the lawsuit, which customers traded. However, the judge pointed to the argument that “customers on Coinbase transact…
Mike Colonnese, senior crypto analyst at H.C. Wainwright & Co., reiterated CleanSpark as the firm’s top pick following the company’s first-quarter earnings report. Bitcoin mining company CleanSpark reported its first-quarter results on Thursday, posting an 82% quarter-over-quarter increase in revenue to $162.3 million. The company benefited from a 33% rise in Bitcoin (BTC) production and a 37% increase in average Bitcoin prices. During the quarter, CleanSpark produced 1,945 BTC, up from 1,465 BTC in the previous quarter. Its deployed hash rate also jumped 41.7% quarter-over-quarter to 39.1 EH/s. In a research note, Colonnese stated that CleanSpark’s previous goal of reaching…
Burwick, leading the case against Pump.fun, claims the platform allowed offensive tokens targeting his family in an effort to intimidate him. Pump.fun, a widely used meme coin launchpad built on the Solana (SOL) blockchain, has gained traction as a platform where users can create, trade, and speculate on tokens within minutes. While it has fueled excitement in the degen trading community, it has also raised concerns over market manipulation, rug pulls, and unregistered securities. Over the past month, Pump.fun has become the center of a legal battle, facing multiple lawsuits from Burwick Law, which alleges that the platform profits from…
Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims. A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit. In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility,…