Today in Crypto: Key Developments and Market Trends
Libra Token Crashes After $107 Million Insider Rug Pull A cryptocurrency endorsed by Argentine President Javier Milei has collapsed after an alleged insider rug pull, wiping out nearly 94% of its value within hours. The Libra (LIBRA) token initially surged to a market capitalisation of $4.56 billion at 10:30 pm
Las Vegas Man Charged with Running $24M Crypto Ponzi Scheme
Brent Kovar Accused of Defrauding Over 400 Investors A Las Vegas man has been charged by a US regulator for allegedly defrauding more than 400 investors out of $24 million through a fraudulent AI-driven cryptocurrency mining scheme. Brent Kovar, the accused, reportedly lured investors with promises of lucrative fixed returns
Mastercard Tokenises 30% of Transactions in 2024, Recognises Stablecoins as Competition
Mastercard Reports Significant Progress in Payment Innovations Multinational payment services giant Mastercard has reported that it tokenised 30% of its transactions in 2024 as part of its ongoing efforts to innovate the payments ecosystem. The company acknowledged the growing influence of stablecoins and other cryptocurrencies, noting their potential to disrupt
Ethereum Foundation Injects $120M into DeFi, Boosting Community Confidence
Major Investment in Aave, Spark, and Compound The Ethereum Foundation has allocated 45,000 Ether (ETH), worth approximately $120 million, to decentralised finance (DeFi) protocols Aave, Spark, and Compound. This move comes in response to concerns from the Ethereum community regarding the foundation’s reliance on selling ETH to fund its operations.
Bitcoin Dips Below $95K as US Inflation Rises Above Expectations
Bitcoin and the wider cryptocurrency market saw a sharp downturn on 12 February after US inflation data came in higher than forecast, raising concerns over macroeconomic pressures on digital assets. Bitcoin Reacts to CPI Data Bitcoin (BTC) briefly dropped below $95,000 following the release of the US Consumer Price Index
Push Chain Devnet Goes Live: A New Era for Universal Web3 Apps
Revolutionizing Web3 Accessibility Across Chains and Wallets The Web3 landscape is set for a major transformation as Push Chain announces the launch of its Public Devnet and SDK. Designed to enable seamless interoperability, Push Chain Devnet allows developers to build and test decentralized applications (dApps) that function effortlessly across multiple
Bitcoin Supply Shock Looms as Exchange Reserves Hit Three-Year Low
Bitcoin Exchange Reserves Drop to 2.5 Million BTC Bitcoin (BTC) exchange reserves have reached their lowest level in three years, signalling a potential supply shock as institutional demand continues to rise. According to data from CryptoQuant, the total Bitcoin reserves across all cryptocurrency exchanges have declined to just 2.5 million
XRP Price Rises Amid ETF Speculation and Ripple’s Latest Partnership
XRP Gains 3% as Market Optimism Grows XRP has surged by 3% on 11 February, marking its strongest intraday performance in over a week. The rise comes amid increasing speculation over the approval of an XRP-specific exchange-traded fund (ETF) in the United States and Ripple’s recent partnership with Portuguese currency
Bitcoin Holds $95K Support Despite Intense Selling Pressure
Bitcoin has managed to remain above the critical $95,000 support level despite experiencing the heaviest selling pressure since 2022. Analysts warn that a drop below $93,000 could trigger $1.7 billion in liquidations amid mounting concerns over global trade tensions. Bitcoin Resilient Despite Heavy Selling The price of Bitcoin saw a
Ether ETPs Surpass Bitcoin in Crypto Inflows for the First Time in 2025
Ether Leads Weekly ETP Inflows as Bitcoin Declines Cryptocurrency exchange-traded products (ETPs) have recorded their fifth consecutive week of inflows, accumulating a total of $1.3 billion. Notably, Ether-based ETPs outperformed Bitcoin ETPs for the first time in 2025, according to a report from CoinShares on 10 February. Ether (ETH) ETPs
