Author: WebDesk

On February 7th, Friday, the Dogecoin price recorded a 0.46% drop to reach a trading value of $0.24. The selling pressure can be attributed to broader market correction as Bitcoin shows another failed attempt to sustain above $100k. However, the DOGE sellers could further accelerate the current correction trend as onchain data records a significant decline in whale activity. According to Coingecko, the DOGE’s market capitalization stands at $36.7 Billion, while the 24-hour trading volume wavers at $1.92B, Key Highlights: 1M+ weekly DOGE transactions plummeted from 3,490 to 840, indicating reduced involvement from major investors The dogecoin price breakdown from…

During Friday’s U.S. trading hours, the crypto market witnessed a surge in selling pressure, evidenced by a long-wick rejection candle in Bitcoin. The overhead supply has plunged most major altcoins, including ETH, which teases a breakdown below $2,500. While the market sentiment shows no signs of bottoming, the historical trend of Ethereum price signals recovery potential in February  Key Highlights: The Ethereum price correction could extend another 14% before the resistance key support trendline near $2,200. A bearish crossover between the 50-and-100-day exponential moving average should accelerate the market selling pressure. An ascending trendline in the daily chart marks the…

Investors worry about Stellar’s lack of growth potential as its market cap continues to fall. On the other hand, 1Fuel’s presale is filling up faster than justified, which is a sign of high demand and a positive investor mood. Its fresh approach to blockchain technology is driving this momentum, offering opportunities where others are falling short. Let’s look at what’s propelling 1Fuel up while the likes of Stellar fumble. Stellar (XLM): A Declining Market Presence While Stellar has been sold as a solution for lightning-fast and cost-effective cross-border payments, its market performance is painting a different picture. Currently, XLM is…

Amid the boom in the crypto sector, the leading cryptocurrency exchange, Kraken’s Layer 2 blockchain, InkChain has experienced an impressive surge in active addresses since January 2025, which shows growing adoption in the DeFi ecosystem. The data also shows that the network has maintained an incredible user retention rate of over 80%.  Launched on December 18, 2024, It is Kraken’s strategic foray into the Ethereum Layer 2 ecosystem, this leverages Optimism’s scalability solutions. By using Ethereum’s framework, InkChain enables seamless deployment of EVM-compatible applications.  This easy integration ensures that developers can migrate existing decentralized applications (dApps) with less trouble while benefiting…

Market uncertainty is casting doubt on investors’ next moves as TRON and Dogecoin trade mixed sentiment. At the same time, 1Fuel’s fast growth has been attracting the attention of the market with impressive growth and clear potential. The investor confidence in the technology and real world utility of its led it to be growing in its presale momentum.  We’ll take a look at why 1Fuel got people excited, while others barely get traction. TRON (TRX): A Network Struggling for Relevance For long, TRON has been touted as a blockchain platform dedicated for speed and low transaction cost. As of February 6,…

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or reject a proposed rule change that would allow options trading on certain spot Ethereum ETF. This delay affects the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust. The rule change, originally submitted by NYSE American LLC on July 23, 2024, sought approval to list and trade options on these Ethereum-related products. The SEC first published the proposal for public comment in the Federal Register on August 13, 2024. Later, on September 24, 2024, the agency extended its review period…

Missouri State Representative Ben Keathley has introduced HB 1217, a bill to create a Bitcoin Strategic Reserve Fund. It will allow the state treasurer to “receive, invest, and hold Bitcoin under certain circumstances.” The bill, filed on February 6, marks Missouri’s entry into the growing trend of U.S. states considering BTC as a reserve asset. Missouri Bitcoin Reserve Bill Gains Traction Keathley’s proposal follows a similar move in Maryland, where State Delegate Caylin Young introduced the Strategic Bitcoin Reserve Act of Maryland on February 7. The bill seeks to establish the Maryland Bitcoin Reserve Fund, designed to hold Bitcoin as…

PNC Bank has significantly increased its investment in spot Bitcoin exchange-traded funds (ETFs), according to recent SEC filings. The bank, which manages $325 billion in assets, now holds $67 million in Bitcoin ETFs. This marks a substantial rise from its $10 million exposure reported in the first quarter of 2024. Bitcoin ETFs Suffer From Outflows Despite Institutional Influx Despite this institutional growth, spot Bitcoin ETFs in the U.S. experienced net outflows on Feb. 6. Data from SoSoValue indicates that the 12 Bitcoin ETFs saw $140.3 million in withdrawals, reversing a two-day inflow streak that had totaled $407 million.   Fidelity’s…

On February 8, 2025, A U.S. federal judge ruled that Coinbase, a prominent crypto exchange, must face a lawsuit from customers accusing it of illegally selling unregistered securities.  Judge Paul Engelmayer of the U.S. District Court in Manhattan rejected Coinbase’s argument that it was not a “statutory seller” under federal securities laws. “Customers on Coinbase transact solely with Coinbasse itself,” the Judge stated, citing that the exchange qualifies as a seller of 79 tokens in question.  🚨 Major legal blow for Coinbase! A judge has ruled they must face a class action lawsuit over claims of illegally selling securities, including…

Follow Frank on X. El Salvador is still Bitcoin country, despite the fact that bitcoin is no longer legal tender in the country — at least from where I’m sitting.Let’s start with some background on the matter.On January 29, 2025, the Legislative Assembly in El Salvador voted to remove bitcoin’s status as legal tender.This means that businesses in the country no longer have to accept bitcoin (not that this rule was ever strictly enforced while bitcoin was classified as legal currency, as far as I know; however, I have been told that big businesses that operate in the country (e.g.,…