Day: February 4, 2025

Here’s why Sui price soaring more than 8% after Bitcoin integration

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Wrapped Bitcoin by BitGo can now move from Ethereum to Sui via Sui Bridge, expanding BTCfi for the Sui ecosystem. The price of Sui (SUI) surged to $3.37 on Tuesday, Feb. 4, gaining 8.5%, following the news that Sui Bridge now supports Wrapped Bitcoin (wBTC). With the integration, users can now move Bitcoin (BTC) from Ethereum (ETH) to the Sui network. In a blog announcement on Feb. 3, the Sui team said that the network is turning wBTC into a “fully composable asset.” Users can now lent, borrow, trade, or…

US crypto ATM operator Bitcoin Depot adds $5m in BTC to treasury

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United States-based cryptocurrency ATM operator Bitcoin Depot has expanded its Bitcoin holdings, reinforcing its commitment to the leading digital asset. According to a Feb. 3 announcement, the publicly traded firm acquired an additional $5 million worth of Bitcoin, bringing its total treasury holdings to 71.5 BTC, valued at over $7 million based on prices at the time of writing. Commenting on the latest acquisition, Bitcoin Depot CEO Brandon Mintz said it reflects the company’s “long-standing belief in Bitcoin as a significant financial asset and a store of value.” He added…

Bitcoin rebounds after post-tariff dip; Analyst heralds new ATH in February

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The crypto market enjoyed a sharp recovery on Feb. 4, with Bitcoin surging past the $102K mark after experiencing a sharp drop the day before.  Bitcoin (BTC) climbed above $102 after hitting a low of approximately $91,229 the day before following the announcement of major tariff hikes by the U.S. President Donald Trump. Renowned crypto market analyst Michael van de Poppe noted on X that Bitcoin’s quick rebound was expected due to market volatility. He said that a new ATH is likely in Feb. on the condition that Bitcoin stays…

Eric Trump’s Ethereum Endorsement Fuels Crypto Buzz

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Este artículo también está disponible en español. After momentarily sliding below important support levels, Ethereum (ETH) is once again on the climb. After a significant change in market mood, the second-largest digital asset by market capitalization passed $2,900. Related Reading Interestingly, Eric Trump, the son of US President Donald Trump, weighed in on the situation, remarking that it is a strategic opportunity to acquire ETH. Tariff Pause Sparks Market Rebound Concerns over possible tariffs on Canada and Mexico rattled the crypto market earlier this week. Both Bitcoin and Ethereum fell…

Matrixport: Bitcoin Faces Market Correction Amid Trump Tariff Saga and Liquidity Concerns

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Bitcoin faces short-term uncertainty following Trump’s tariffs announcement and a lack of retail dip-buying; however, institutional demand remains strong, driven by the growth of bitcoin spot ETFs and the futures market. Bitcoin’s Post-Halving Price Action Might Be Evolving The market reacted unexpectedly to the Trump tariffs despite widespread anticipation. According to Matrixport‘s latest market outlook, […] Original

South Korean city to launch its own crypto seizing system for tax evaders

A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to use the IT solutions in the wider Gyeonggi Province to identify crypto wallets belonging to tax evaders living in the city in the near future. Using the new seizing system, Gwacheon City will mainly target…

SEC Cleaning House: Probes to Be Approved by Commissioners

The alleged change, which would require SEC attorneys to obtain the approval of the commission as a whole, is part of the institution’s new directives aimed at increasing the efficiency of its probes and actions. SEC Allegedly Changing Modus Operandi: Formal Probes Would Need Prior Approval The U.S. Securities and Exchange Commission (SEC) is changing […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana $200 Level Recovery Looks ‘Very Solid’, Bleeding Over?

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Este artículo también está disponible en español. As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Related Reading Solana Falls To Three-Week Low Over the weekend, Solana recorded a 27% price plunge from Friday’s highs to a three-week low of $175. This performance followed the overall market crash, fueled by the US…

Best Crypto to Buy Now After Largest Liquidation Event Since FTX Collapse

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Donald Trump’s plan to put large tariffs on goods from Mexico, Canada, and China has stirred up a storm in the crypto market. A massive sell-off happened over the weekend, with the total crypto market cap dropping by half a trillion dollars. Although several news outlets suggest that over $2.27B have been liquidated, Bybit’s CEO says the liquidation could well be in the $8B-10B range. He believes the numbers being circulated don’t reveal the full picture because crypto exchanges typically limit liquidation data. Even worse, most of these liquidations come…

AI firm Genius Group’s Bitcoin holdings now worth more than its market cap

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Singapore-based artificial intelligence company Genius Group has boosted its crypto holdings, purchasing by an additional $2 million to 440 Bitcoin for $42 million. The Singapore-based AI and education company Genius Group now holds more Bitcoin (BTC) than its own market value. The company has increased its Bitcoin reserves to 440 BTC, adding another $2 million in purchases, it said in a Feb. 3 press release. Genius has now spent $42 million on Bitcoin at an average price of $95,519 per BTC. But with Bitcoin trading at $104,893 as of Jan.…