Month: February 2025

The list of US states embracing Bitcoin reserves is growing

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Nearly two dozen US states are exploring legislation to establish strategic Bitcoin reserves, signaling a significant shift in how public funds approach cryptocurrency. Investment management firm VanEck estimates that if these bills are enacted, the states could collectively acquire around 247,000 BTC, valued at approximately $23.7 billion at current prices. Why are states investing in Bitcoin? State-managed funds are considering Bitcoin (BTC) for several reasons: Inflation Hedge: Often called “digital gold,” Bitcoin has long been touted as a safeguard against currency devaluation. Diversification: Cryptocurrencies, in general, operate independently of traditional…

The Dark Side of Memecoins: Dubai Regulator Warns of Market Manipulation and Scam Projects

Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a warning to investors and consumers about the risks of memecoins, which are highly speculative and volatile assets often subject to market manipulation. Memecoin Issuers Face VARA Scrutiny Dubai’s VARA has warned investors and consumers to be wary of advertisements promoting memecoins. In an alert issued Feb. […] Source CryptoX Portal

XRP Bullish Pennant Targets $15-$17 But Confirmation Is Required

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Este artículo también está disponible en español. XRP experienced a brief rally after the US Securities and Exchange Commission acknowledged Grayscale’s XRP ETF filing, momentarily causing bullish momentum. Although the surge has since slowed down, it has once again brought the $3 price level into focus. However, technical analysis suggests that XRP remains on track for higher price targets above $3. Related Reading Building on this outlook, crypto analyst Egrag Crypto has projected that XRP could be heading toward $15 and possibly $17, citing the strength of its current market…

Goldman Sachs Holds $1,832,015,357 Worth of Bitcoin and Ethereum Exchange-Traded Funds: SEC Filing

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Financial services giant Goldman Sachs is reportedly holding nearly $2 billion worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs currently holds $1.63 billion worth of Bitcoin ETFs and $196.3 million worth of Ethereum ETFs, the bulk of the shares coming from BlackRock’s iShares Bitcoin Trust (IBIT). The data unveils that the banking firm owns 24,077,861 shares of IBIT worth more than $1.33 billion, 3,530,486 shares of the Fidelity Wise Origin Bitcoin…

XRP Price Analysis: Volume Plummets Near Danger Zone – Will $2.40 Become the New Floor?

XRP trades at $2.72 on Feb. 16, 2025, consolidating near resistance as traders weigh bullish momentum against fading volume signals. XRP The 1-hour XRP/USDC chart for Binance shows a recent high of $2.837 followed by consolidation, with lower highs suggesting weakening upward momentum. Immediate support rests at $2.70; a breach could trigger a drop toward […] Source CryptoX Portal

NEAR Breaks Below Parallel Channel: Key Levels To Watch

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Inside Bitcoin’s ETF Boom: Custodianship Masks Institutional Power Plays

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As of mid-February 2025, 12 U.S. spot bitcoin exchange-traded funds (ETFs) hold $114.41 billion in bitcoin, representing 5.94% of the leading crypto asset’s market cap. While retail investors have access to these funds, the following editorial examines the financial titans accumulating sizable bitcoin ETF shares. 12 ETFs Now Control Nearly 6% of Bitcoin’s Market Cap […] Original

Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally

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Este artículo también está disponible en español. Solana has extended its price decline below $200, but technical analysis shows that it continues to trade within a bullish setup. At the time of writing, Solana finds itself trading close to a support level that could determine its next major move. This is because technical analysis shows that Solana is currently trading in a parallel channel that could drive prices to new highs, but holding above the $190 support level is crucial to this outlook. Related Reading Solana’s Parallel Channel Supports Bullish…

PlanB transfers Bitcoin to ETFs, prefers ‘peace of mind’

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Prominent Bitcoin analyst PlanB confirmed a transfer of BTC holdings to ETFs. The move has triggered discussions about self-custody within the cryptocurrency community. The analyst, known for his stock-to-flow Bitcoin (BTC) price model, cited ease of management and peace of mind as key factors in his decision. In a post to his 2 million X followers, PlanB explained that managing Bitcoin alongside traditional investments like equities and bonds through ETFs better suits his needs. “Not having to hassle with keys gives me peace of mind,” he stated, acknowledging the departure…

Argentina’s President Milei Faces Impeachment Threat Over LIBRA Cryptocurrency Controversy: Reuters

Argentina’s President Javier Milei is facing impeachment threats after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters. In a now-deleted late Friday post on X, Milei promoted LIBRA as a privately run project designed to raise money for small and medium-sized Argentinian companies, adding that he doesn’t stand to reap personal gain from the project. The token rapidly surged to a market capitalization of about $4.5 billion amid confusion over the legitimacy…