Day: February 6, 2025

Solana’s BONK Roundtrips Total Gains From 2024, Here’s Why It’s A Good Buy Now

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Este artículo también está disponible en español. After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.  Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline.…

SEC Officials Instructed to Shrink Cryptocurrency Enforcement Team: Report

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The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency. The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated…

Trump-Backed World Liberty Financial Buys $470K ONDO Tokens

A wallet identified as belonging to World Liberty Financial, the decentralized finance (DeFi) platform backed by President Donald Trump and his family, has deepened its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries. The address scooped up about 342,000 ONDO, the platform’s governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week. The transaction happened as Ondo today announced that it…

Cardano Could Explode By 1,850% In ‘Monster Rally’: Analyst

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Este artículo también está disponible en español. A new analysis by crypto strategist Ali Martinez suggests that Cardano (ADA) might be on the cusp of a significant upward move—potentially reaching the $15 price mark, which would represent a staggering 1,850% rally from current levels near $0.76. “If historical data is any guide, Cardano could be at the very beginning of a monster parabolic rally!” Martinez writes via X. Cardano Fractal Analysis Points To Major Upside Martinez’s chart (published on the 3-day timeframe) draws a parallel between Cardano’s price action in…

Trump Media files trademarks for Truth.Fi Bitcoin and energy ETFs

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Trump Media and Technology Group Corp., the operator of Truth Social and Truth+, announced that it has applied to trademark six investment products under the new financial services brand, Truth.Fi.  These products include exchange-traded funds and separately managed accounts focusing on themes such as American manufacturing, energy independence, and Bitcoin (BTC) investments. The specific trademarks filed are: Truth.Fi Made in America ETF, Truth.Fi Made in America SMA, Truth.Fi U.S. Energy Independence ETF, Truth.Fi U.S. Energy Independence SMA, Truth.Fi Bitcoin Plus ETF, and Truth.Fi Bitcoin Plus SMA. ‘Woke funds’ These initiatives…

Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level

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Este artículo también está disponible en español. Bitcoin has been struggling to reclaim the $100K mark, facing intense volatility and selling pressure since the weekend. The market remains uncertain as bulls attempt to defend key support levels while bears push for a deeper correction. Despite this, Bitcoin continues to show resilience, holding above crucial price zones that could determine the next big move. Related Reading Top analyst Axel Adler shared key insights on X, revealing that as of February 6, 2025, the most critical support level for BTC is at…

Czech Republic passes crypto-friendly law, exempts Bitcoin from capital gains

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The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years.  President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional securities. The tax exemption applies to individuals and non-business activities, eliminating previous tax disadvantages for long-term crypto investors. The amendment, set to take effect in mid-2025, brings the Czech Republic’s regulatory framework in line with the European Union’s Markets in Crypto-Assets rules. The Chamber of Deputies approved the law in…

Here’s why Solana price may crash 40% soon

Solana price has pulled back after soaring to $295 in January as its ecosystem and the broader crypto industry lost momentum. Solana (SOL) dropped to the psychological level of $200, marking a 35% decline from its highest point this year. This retreat is largely due to Bitcoin (BTC) and other altcoins pulling back. Bitcoin has fallen from this year’s high of $109,200 to below $99,000, weighing on tokens in the Solana ecosystem. According to CoinGecko, the total market cap of all Solana meme coins has declined from over $25 billion…