Month: February 2025

BTC Hashrate Hits All-Time High Defying Analyst Expectations

Bitcoin (BTC) hashrate has reached another all-time high, with seven-day moving average jumping to 833 exahashes per second (EH/s), according to Glassnode data. This represents a 9% increase from 767 EH/s in the past few days. According to Miner Mag, pre-orders for mining hardware have begun to decline following the pre-halving surge. Many mining firms had stocked up on equipment in anticipation of this event, ensuring their operations remained competitive; however, analysts now expect a slowdown in hashrate growth. Hashrate measures the computational power used to secure the bitcoin network…

Ethereum Traders Buy the Dip as Solana Stablecoins Soar. Will $BEST Go Bullish?

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Ethereum saw some huge selling in the early trading hours of Monday as it dipped below the $2.1K mark – a 25% dip from its opening price that day. This fall was a result of whale wallets liquidating their positions in $ETH. For instance, two dormant wallets sent $149M and $201M worth of $ETH to Bitfinex. These wallets were last active in 2019 when a withdrawal of 77,736 $ETH was made. Aave ($AAVE) also saw some rapid liquidations during this time, totaling around $200M. Most of this liquidation came in…

Whales Are Manipulating ETH Price

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Este artículo también está disponible en español. Major fluctuations in the Ethereum (ETH) market yesterday triggered a wave of reactions across social media, with one Ethereum co-founder claiming that certain large holders—or “whales”—were deliberately pushing the asset’s price downward. The activity reached a fever pitch on Monday, February 4, when the ETH price swung from around $2,900 to as low as $2,120 before bouncing back sharply. Despite the intraday plunge, Ether ultimately closed the day sporting a 26% green wick—an uncommon price rebound in such a short window. Ethereum Price…

Taiko Takeoff Initiative Set to Propel Blockchain Projects

Felix Pinkston Feb 04, 2025 10:53 Taiko introduces the Taiko Takeoff program, designed to support new blockchain projects through marketing, funding, and tech support, fostering a thriving community. The innovative blockchain platform Taiko has announced the launch of its new initiative, Taiko Takeoff, aimed at supporting burgeoning projects within its ecosystem. This program is designed to provide essential resources such as marketing, funding, networking, and technical support to help projects gain momentum in their early stages, according to taiko.mirror.xyz. Empowering the Taiko…

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…