Former Glassnode analyst and founder of CheckOnChain has highlighted that Bitcoin investors selling coins amid the current drawdown could incur losses, transferring holdings to long-term holders. He stated, “The odd’s we’re in a bear market are not large in my opinion.” Bitcoin’s price fell to $83,223 after a 6.5% correction over the past 24 hours […]
Binance refuted social media claims that it is offloading its Ethereum (ETH) and Solana (SOL) holdings. On Feb. 26, Binance’s customer support team addressed the speculation on X (formerly Twitter), stating that the exchange is not engaging in large-scale token sales. The firm clarified that it functions solely as a marketplace that facilitates transactions, with […]
Spot Bitcoin exchange-traded funds (ETFs) in the US have recorded their most significant single-day outflows since their launch in January 2024. Farside data shows investors pulled a combined $937.7 million from these funds on Feb. 25. This sharp sell-off surpassed the previous record of over $671 million in December. It also continued a trend that […]
Tether CEO Paolo Ardoino has voiced concerns that the company’s rivals are leveraging legal and regulatory tactics to destabilize the stablecoin issuer. In a Feb. 25 post on X, Ardoino alleged that some stablecoin issuers in the US are using political lobbying and legislative efforts to target Tether’s operations. According to him: “While our competitors […]
Bitcoin’s price slipped below $90,000 in the past 24 hours, reaching a level last seen in mid-November 2024. According to CryptoSlate data, the flagship digital asset fell by over 6% during this period, hitting a low of $88,273. This marks the asset’s lowest point this year and a three-month low. The market downturn extended to […]
Robinhood Crypto is no longer under investigation by the SEC. The agency closed its inquiry on Feb. 21, opting not to pursue any enforcement action. This closes the enforcement action following the May 2024 Wells Notice and reflects a shifting regulatory landscape alongside a similar decision in the SEC’s case against Coinbase. Robinhood emphasized that […]
Embattled crypto exchange Bybit experienced a sharp decline in its reserves, shedding over $6 billion in just two days. This mass exodus of funds followed a $1.4 billion exploit on Feb. 21, triggering widespread panic among users. Data from DeFiLlama reveals that Bybit processed $2.5 billion in withdrawals on Feb. 22 and another $3.26 billion […]
A group of US senators, led by Cynthia Lummis, has urged the Securities and Exchange Commission (SEC) to clarify its position on protocol staking in crypto exchange-traded products (ETPs) in a Feb. 20 letter. The lawmakers are seeking answers regarding the exclusion of staking from ETP issuers’ S-1 filings, which they argue impacts the competitiveness […]
Following the controversy around the LIBRA token, Solana-based token launchpad Pump.fun registered significant decreases in weekly values for new users, token launches, and fees collected. According to a Dune Analytics dashboard by user evelyn233, the number of new users onboarded in the launchpad fell 16.4% to 601,516 from 719,524 between Feb. 7 and Feb. 13. This […]
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant. CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20. […]