Day: February 4, 2025

Altcoins that follow in the footsteps of Bitcoin and Ripple

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Altcoins, including Lightchain AI, Dogwifhat, and Cardano, are gaining traction as investors seek high-growth opportunities such as Bitcoin and Ripple in 2025. As the crypto market evolves, savvy investors are exploring altcoins with high growth potential, particularly those priced under $5. Among the top picks are Lightchain AI, Dogwifhat (WIF), and Cardano (ADA), all poised to work the same magic as Bitcoin (BTC) and Ripple (XRP) in 2025. Lightchain…

Bitcoin ETFs switch to outflows as Trump’s tariffs shake markets

boss

Spot Bitcoin exchange-traded funds in the U.S. shifted to outflows on Feb. 3 as Bitcoin dipped to a three-week low, as the risk of a trade war spooked investors and caused over $2 billion in liquidation in the crypto derivatives market. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a net outflow of $234.54 million on Monday, Feb. 3 ending their four-day inflow streak that drew in over $1 billion into the funds. The majority of outflows came from Fidelity’s FBTC which saw $177.64 million exit the…

Latam Insights Encore: El Salvador on a Tightrope While Juggling IMF’s Requirements

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines the future of El Salvador after yielding to the IMF’s bitcoin de-risking policies. Latam Insights Encore: El Salvador Struggles to Keep Being a Bitcoin Country Finally, it happened. While many were […] Source CryptoX Portal

TRON, MOVE Deny ‘Token Swap’ Deal for World Liberty Financial Inclusion

Representatives from two protocols that have tokens held by the treasury of World Liberty Financial (WLFI), a crypto project backed by President Donald Trump and his family, are denying the existence of a token swap agreement that required a $10 million – $15 million buy-in to get included in the project. A report from Blockworks on Monday alleged that representatives from WLFI had pitched protocol teams on a deal to get included in the project’s treasury. The deal was they could buy $10 million WLFI tokens plus a 10 percent…

Cardano (ADA) at a Crossroads: Could Bears Take Control Again?

boss

Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance. ADA price started a fresh decline from the $0.9250 zone. The price is trading below $0.850 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.7650 support zone. Cardano Price Faces Resistance After struggling to stay…

Bitcoin Market Performance Shows Signs of Distribution Cycle, Analyst Reveals

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Tariffs’ relief sparks crypto market rebound—Bitcoin, Ethereum rise

boss

After a brutal sell-off, Bitcoin and Ethereum are back in action. With Trump pausing tariffs on Canada and Mexico, optimism is creeping back into the market—will the rally last? The crypto market has staged a strong rebound after a brutal sell-off triggered by the U.S. President Donald Trump’s tariff announcement on Feb. 1.  Bitcoin (BTC), Ethereum (ETH), and the broader digital asset market saw heavy losses after the U.S. moved to impose tariffs on Canada, Mexico, and China, but a temporary pause on trade restrictions for Canada and Mexico has…

XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out?

boss

XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.820 resistance zone. XRP Price Recovers…

Crypto.com and Kalshi face CFTC scrutiny over Super Bowl event contracts

Prediction markets are booming, but the CFTC is paying attention. With Crypto.com and Kalshi under review, could stricter oversight be coming for event-based trading? The Commodity Futures Trading Commission is closely scrutinizing Crypto.com and Kalshi Inc., seeking clarity on how their newly launched Super Bowl event contracts align with U.S. derivatives regulations, according to Bloomberg.  This heightened oversight comes on the heels of a Jan. 27 announcement in which the CFTC’s leadership pledged to monitor emerging issues in the derivatives market, with event-based trading products falling squarely in their sights.…

KDAC Expands into Blockchain with Validator Role on Injective

Peter Zhang Feb 04, 2025 03:40 Korea Digital Asset Custody (KDAC) has joined Injective (INJ)as a validator, enhancing security and scalability in the blockchain ecosystem, and signaling a shift towards decentralized technologies in Asia. Korea Digital Asset Custody (KDAC), a prominent institutional digital asset custodian in South Korea, has officially launched a validator on Injective, a leading proof-of-stake (PoS) blockchain ecosystem. This strategic move marks KDAC’s commitment to bridging traditional finance with blockchain technology, according to Injective (INJ)Labs. KDAC’s Strategic Decision The…