XRP Struggles at $2.5: Will ETF Approval Trigger a Breakout?
XRP has been unable to break past the $2.5 resistance level for over a week, despite strong market interest. The cryptocurrency initially surged past $1 due to increasing banking adoption and positive regulatory sentiment. However, a market crash on February 3 caused XRP to plummet from $3 to $2.1, shaking
Bitcoin Slumps Below $95K as U.S. Inflation Rises Faster Than Expected
The latest U.S. Consumer Price Index (CPI) data came in hotter than expected, triggering sharp declines in both crypto and traditional markets. Headline inflation rose 0.5% in January, surpassing the anticipated 0.3%, while core CPI—which excludes food and energy—climbed 0.4% against a forecast of 0.3%. On a year-over-year basis, CPI
Solana DEX Volume Surpasses $60M, Extending Lead Over Ethereum
Solana has maintained its dominance in decentralized exchange (DEX) trading, extending a four-month winning streak over Ethereum. According to DeFiLlama, Solana-based DEXs have recorded over $60 million in trading volume this month, nearly doubling Ethereum’s $34 million. The surge in activity highlights Solana’s growing role in decentralized finance (DeFi), as
Bitcoin’s Chart Signals Point to a Potential Surge to $166K
Bitcoin has been under pressure this week as macroeconomic factors and geopolitical tensions weigh on investor sentiment. The crypto fear and greed index has slipped to the fear zone at 35, reflecting cautious market behavior. The key concerns include the ongoing trade tensions between the United States and China, with
CFTC Eyes Stablecoin-Backed Tokenization Pilot
The U.S. Commodity Futures Trading Commission (CFTC) is advancing a pilot program exploring stablecoin-backed tokenization as collateral in financial markets. Acting Chairman Caroline Pham, a key advocate of regulatory innovation, is hosting a CEO summit with major digital asset firms to discuss the initiative. A Push for Tokenized Collateral Caroline
Ether ETFs Maintain Six-Day Inflow Streak as Bitcoin ETFs See $140M Outflow
On February 6, Bitcoin exchange-traded funds (ETFs) experienced a significant net outflow of $140.30 million, marking a stark contrast to Ether ETFs, which secured inflows for the sixth consecutive day. The largest outflow came from Fidelity’s FBTC, which saw a withdrawal of $103.25 million, reducing its total net assets to
Franklin Templeton Files for Crypto ETF on Cboe BZX Exchange
Franklin Templeton, a leading asset management firm, has officially submitted a filing to the U.S. Securities and Exchange Commission (SEC) for a multi-asset cryptocurrency exchange-traded fund (ETF). This move marks another significant step in the growing adoption of crypto ETFs in the financial market. Franklin Crypto Index ETF Overview The
Bybit Secures India Clearance After $1M Fine
Dubai-based cryptocurrency exchange Bybit has successfully registered with India’s Financial Intelligence Unit (FIU-IND) after paying a fine of ₹92.7 million ($1 million) for operating without authorization. This marks a significant step towards compliance with Indian regulations, allowing the exchange to resume services in the country. Regulatory Roadblock and Suspension In
Institutional Traders Still Wary of Crypto, But Interest Slowly Grows
Despite a more favourable regulatory environment, institutional traders remain cautious about crypto trading, according to JPMorgan’s latest e-trading survey. The survey, conducted in January 2025, revealed that 71% of institutional traders have no plans to trade crypto this year. This marks a slight improvement from last year when 78% of
Bitcoin-Gold Ratio Hits 12-Week Low as Gold Demand Surges
The Bitcoin-Gold ratio has dropped to its lowest level in 12 weeks, signaling a shift in investor sentiment. Gold’s surge to record highs comes as fears of a U.S.-China trade war push traders toward the precious metal. Meanwhile, Bitcoin (BTC) struggles to gain upside traction despite inflows into U.S.-listed spot
