Day: February 13, 2025

Riot Platforms explores AI revenue diversification as Bitcoin network transactions hover at 12-months low

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Bitcoin miner Riot Platforms is exploring revenue diversification into AI and HPC, joining the growing trend of miners adapting their infrastructure for AI applications as Bitcoin network transactions hover at 12-months low.  On Feb. 13, Bitcoin (BTC) miner Riot Platforms announced that it’s looking into potential partnerships within the artificial intelligence and high-performance computing sectors. The company plans to ramp up evaluations for AI and HPC applications at its Corsicana Facility in Navarro County, Texas. “We are excited to continue to advance our AI/HPC evaluation process as we seek to…

Avalon Labs Explores First Bitcoin-Backed Public Debt Fund

Avalon Labs is evaluating the launch of a bitcoin-backed public debt fund, exploring its alignment with SEC Regulation A. U.S. SEC Framework Could Provide Structure for Bitcoin-Backed Debt Fund Avalon Labs is pioneering efforts to expand bitcoin’s role in the financial sector by exploring a regulated bitcoin-backed public debt fund. According to a post on […] Source CryptoX Portal

Bitcoin Slides To $94,000 After CPI Surprise

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Este artículo también está disponible en español. Bitcoin (BTC) reacted sharply to today’s hotter-than-expected US Consumer Price Index (CPI) report, dropping from around $96,600 to as low as $94,088. Notably, BTC was already trending downward due to escalating geopolitical tensions following Donald Trump’s proposed tariffs on all aluminum and steel imports. Bitcoin Slumps Amid Surprising Inflation Data The latest US inflation data came in higher than anticipated, triggering declines in both equity and cryptocurrency markets. Instead of the expected 0.3% increase, the CPI rose by 0.5% in January, compared to…

Bitcoin ETF outflows surge 340%, Fidelity’s FBTC leads

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Spot Bitcoin exchange-traded funds in the U.S. saw a sharp rise in outflows on Feb. 12 amid expectations of a more hawkish Federal Reserve stance on interest rate cuts. According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $251.03 million in outflows—a 342% jump from the $56.76 million seen the previous day. Fidelity’s FBTC led outflows for the third consecutive day with $101.97 million exiting the fund, followed by ARK and 21Shares’ ARKB with $97.03 million. Additional outflows included: Bitwise’s BITB: $25.94 million BlackRock’s IBIT: $22.11 million Invesco Galaxy’s…

RLUSD Adoption Builds as Ripple’s Stablecoin Exceeds $100M in Circulation

Metrics reveal Ripple’s newly minted stablecoin, RLUSD, has eclipsed the $100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $224.367 billion. While RLUSD’s slice of this financial pie remains extremely modest, its trajectory shows steady momentum, […] Source CryptoX Portal

Is Ethereum Undervalued? A Close Look at Realized Price and Institutional Activity

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Este artículo también está disponible en español. Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn’t been any different from the performance recorded in the past months. Over this period, Ethereum’s price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase. Amid this, a recent analysis by CryptoQuant contributor MAC_D has shed light on Ethereum’s current state and factors that may influence its future price trajectory. The analysis notes that Ethereum’s “ultrasound money” narrative—an idea tied to its post-Merge deflationary tokenomics—has…

Solana (SOL) Inches Toward $200—Breakout Confirmation Needed

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Solana started a fresh decline from the $210 zone. SOL price is consolidating and might aim for a fresh move above the $200 resistance zone. SOL price started a fresh decline below the $205 and $200 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the…

Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path

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On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of supply that was last transferred or purchased at it. Below…

NC’s Crypto Investment Bill Advances, Bringing Digital Assets Closer to Public Portfolios

North Carolina is set to modernize its investment strategy with a bill allowing the State Treasurer to allocate funds to digital asset products, signaling a shift toward blockchain-based finance. North Carolina Considers Crypto Investments for State Funds in New Bill North Carolina Speaker of the House Destin Hall and Representatives Stephen Ross, Mark Brody, and […] Source CryptoX Portal