The millionaire founder of Braintree who spent $2 million to reverse his biological age by more than five years now wants to try his hand at crypto. Longevity Extraordinaire Ponders Token Launch Bryan Johnson, star of the new Netflix documentary “Don’t Die: The Man Who Wants to Live Forever,” hasn’t just been contemplating the impact […] Source CryptoX Portal
Day: February 3, 2025
TRUMP Coin Tanks 13%—Even Donald Trump Couldn’t Save It
Este artículo también está disponible en español. Remember the TRUMP meme coin that soared to over $5 billion market value immediately after President Donald Trump took his oath? Well, it’s currently on a downtrend. It’s trading slightly above $17, down nearly 18% from its previous day’s close. The token’s latest price action came when President Trump took matters into his own hands and shared a post about the token on Truth Social. Related Reading On its weekly chart, TRUMP is down 35% and 70% from its all-time high, suggesting a…
Coinshares: Digital Asset Inflows Hit $527 Million Amid Market Volatility and Trade Tariff Concerns
Inflows into digital asset investment products crossed $500 million, despite the larger macroeconomic events that moved the market. Green Week for Digital Assets Despite Trade Tariffs and Deepseek Volatility Digital asset investment products recorded $527 million in inflows last week, despite investor uncertainty driven by macroeconomic factors such as U.S. trade tariffs and China’s Deepseek […] Source CryptoX Portal
Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run
Este artículo también está disponible en español. Solana (SOL) faced a brutal selloff yesterday, mirroring the broader market collapse triggered by escalating U.S. trade war fears. The price plummeted over 19% in less than 24 hours, wiping out weeks of gains and sending shockwaves through the crypto market. Investors are now bracing for more volatility, as the bearish momentum could extend into the week ahead. Related Reading Top analyst Jelle shared a price chart on X, highlighting that Solana has completely retraced the TRUMP meme coin pump. The rapid decline…
Trump Issues Executive Order Creating Sovereign Wealth Fund—Could Bitcoin Be Included?
U.S. President Donald Trump has issued an executive order mandating the formation of a federal sovereign wealth fund, a move unveiled during a press briefing on Monday. Trump Mandates Federal Sovereign Wealth Fund “We have tremendous potential,” Trump declared to the press, flanked by aides, as he finalized the directive—a strategic mechanism designed to centralize […] Original
Powell’s crypto turn—How the Fed and institutions back Bitcoin
Following its January 28-29 meeting, the Federal Reserve kept interest rates unchanged, stating that it would wait for more substantial progress on inflation before considering any further cuts. However, what caught markets by surprise was Fed Chair Jerome Powell’s unexpectedly positive comments on crypto—his most accommodating stance on digital assets to date. Editor’s note: this article was written prior to the U.S. government reaching a tentative deal with Mexico’s government to at the very least suspend implementation of the tariff for one month. You can read about this development…
Bitcoin Price (BTC) Gains After Trump Executive Order for Sovereign Wealth Fund
U.S. President Donald Trump signed an executive order Monday afternoon charging the Treasury and Commerce Departments with creating a sovereign wealth fund. While Treasury Secretary Scott Bessent has expressed at least cautious interest in crypto, Commerce Secretary nominee Howard Lutnick has been a loud champion for the sector. His bond trading powerhouse Cantor Fitzgerald is the custodian for stablecoin giant Tether’s massive holdings of government paper, and Lutnick himself has talked about his own personal massive exposure to bitcoin (BTC). Appearing alongside Trump in the Oval Office Monday, Bessent said…
Bitcoin Difficulty Set to Skyrocket as Hashrate Hits ‘Insane’ All-Time High of 840 EH/s
While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb. 2, its computational muscle flexed to an unprecedented apex. Bitcoin’s Hashrate Taps an All-Time High Data from hashrateindex.com reveals bitcoin’s hashrate soared to a historic zenith of 840 exahash per second (EH/s), maintaining a formidable 837.25 EH/s as of noon ET on […] Original
Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls
Este artículo también está disponible en español. Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls. Despite this setback, crypto analysts have provided some optimism with their analysis, which hints at a bullish reversal soon enough. Bitcoin’s Open Interest Crashes By $4.5 Billion Over The Weekend Coinglass data shows that Bitcoin’s open interest crashed by $4.5 billion over the weekend, dropping from $65 billion to $61.5 billion. This came following the liquidations that occurred due to…
Thorchain Introduces TCY Token to Address $200 Million Debt Crisis
Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities. […] Source CryptoX Portal