President Nayib Bukele vowed to build Bitcoin City on the Conchagua volcano. CoinDesk went looking for signs of construction.
Ethereum (ETH) has recently experienced a significant surge, catching the attention of both seasoned investors and newcomers. With the cryptocurrency rallying by over 5% in just 24 hours, many are wondering whether this latest price movement is a sign of further growth or a precursor to a pullback.
The cryptocurrency market remains bullish today as well, according to CoinStats.
TL;DR Bitcoin whale movements on exchanges have reached levels close to a five-year high, which has historically preceded strong BTC price surges. Miners have resumed accumulating BTC after months of constant selling, a key signal suggesting a bullish turning point in the market.
Bitcoin wallets hit a five-month low as retail investors sell, while whales accumulate billions, and institutional outflows continue amid global economic uncertainty.
The US has introduced two stablecoin bills to regulate stablecoin issuers. According to JPMorgan analysts, for Tether to follow the planned US stablecoin rules, it might have to sell assets that don't follow the rules.
According to its recent disclosure, the Ethereum Foundation (EF) has channeled 45,000 ether, valued at approximately $120 million, into four decentralized finance (defi) platforms.
Paolo Ardoino, the chief executive officer of stablecoin behemoth Tether, has taken aim at banking giant JPMorgan, claiming that its analysts are "salty" since they do not own the largest cryptocurrency.
Bitcoin's price has been struggling to stay above the crucial mark of $100K, and analysts are starting to sound the alarm due to changing economic factors. Amid a broader market downturn, cryptocurrency trader Jason Pizzino warns that the probability of a Bitcoin crash is increasing.
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Current and historical users of OpenSea's platforms will be eligible for SEA as the NFT platform relaunches with fungible token trading.
The XRP price has been gaining ground against Bitcoin in recent days, signaling a potential shift in market dynamics. At the time of writing, XRP was up in its Bitcoin pairing to $0.0000255.
The Bitcoin bull rally ground to a halt after Donald Trump took over the White House despite his promises of pro-crypto regulations. Uncertainty still persists in the digital assets market as BTC price failed to regain the $100K mark, showing major fluctuation in investors' sentiment.
ARK Invest's Cathie Wood is steadfast on her estimate that Bitcoin may rise to $1.5 million by 2030, despite a bold projection that is causing a stir across the crypto space. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow Known for her lofty tech forecasts, the financial guru described this situation during Ark's Big Ideas 2025 conference, where she revealed that the odds of reaching this astronomical figure have actually increased.
A strategic initiative for the future of Ethereum
Ethereum (CRYPTO: ETH) continues to trade sideways but is building momentum with speculation around incoming Ethereum staking ETFs. Cryptocurrency Price 24-Hour Trend Ethereum (CRYPTO: ETH) $2,656 +2% Bitcoin (CRYPTO: BTC) $95,900 +1% XRP (CRYPTO: XRP) $2,45 +2.6% Trader Notes: Inmortal expects Ethereum to grind upward gradually, avoiding major dips or retraces.
Tether Sell Bitcoin: JPMorgan warns that new US stablecoin regulations could force Tether to offload non-compliant assets, including Bitcoin.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced an uptick in price, following a dip to $2,132. At the time of writing, ETH is trading at approximately $2,728, marking a notable recovery of 5.5%.
Tether, the biggest stablecoin issuer, might be forced to sell some of its Bitcoin holdings to follow new US regulations, says JPMorgan analysts. The US has proposed two laws, the STABLE Act and the GENIUS Act to set stricter rules for stablecoin issuers.
Tether (CRYPTO: USDT) may have to restructure asset reserves, potentially forcing the company to sell some of its holdings, including Bitcoin (CRYPTO: BTC), according to JPMorgan analysts. What Happened: This move, should it occur, could ripple through the cryptocurrency market, altering established dynamics, The Block reported.
Earlier today, CBOE BZX Exchange filed for 21Shares to stake its spot $ETH exchange-traded fund (ETF), sparking optimism of a crypto bull run. If approved, 21 Shares would break new ground, so it's not surprising that the 24-hour trading volume for $ETH has shot up by ~35% alongside the news spreading.
The cryptocurrency market has experienced a sharp downturn, with Bitcoin (BTC) and altcoins facing significant losses. Investors are locking in losses amid volatile market conditions.
The much-awaited US PPI data today showed that the inflation has advanced 3.5% in January, up from the prior month's figure of 3.3%. This gloomy data, after the recent hotter-than-anticipated US CPI inflation figures, has further added pressure on the crypto market traders.
A total of 20 US states are pushing for Bitcoin reserves, with some bills already making traction. If these bills pass, it could result in the purchase of $23 billion worth of Bitcoin, creating strong demand. This may also encourage state pension funds to invest in BTC, putting even more pressure on supply.
The Bitcoin market continues to see a lot of sideways action, as we are waiting for the next fundamental reason for the market to rally.
TL;DR FDUSD-FOMO Pay Partnership: First Digital USD (FDUSD) partners with FOMO Pay to enable on-chain stablecoin payments for merchants on Ethereum and Solana blockchains. Merchant Integration: Over 200,000 merchants across Asia will now accept FDUSD, leveraging faster settlement times and reduced fees.
Even as bitcoin and cryptocurrency become increasingly prevalent, corporate America has largely stayed away from adding digital assets to balance sheets that collectively hold between $3 trillion to $4 trillion in cash and cash equivalents.
Metaplanet, a Japan-listed company, has successfully raised ¥4 billion ($26.32 million) by issuing bonds with 0% interest, a strategic move that has gained attention in the cryptocurrency world. Initially, Metaplanet had planned to use the funds to purchase additional Bitcoin.
Ethereum Foundation allocated 45,000 ETH (worth $120M) into Aave, Spark, and Compound to earn passive yield through DeFi rather than selling assets.
Texas state lawmakers have reintroduced a bill aimed at establishing a Strategic Bitcoin Reserve, now designated as SB 21, which allows for investments in additional crypto.
Bitcoin to see price drops in the short-term, but holder behavior could turn things around.
The Cboe BZX Exchange has submitted a proposal to the Securities and Exchange Commission to allow staking for the 21Shares Core Ethereum ETF. What Happened: The request, filed through Form 19b-4, aims to modify the ETF's structure so that Ethereum (CRYPTO: ETH) held within the fund can participate in staking activities.
Bitcoin is showing signs of recovery after a brief dip, but one major move could fuel a full-blown bull run. With the US considering a Strategic Bitcoin Reserve, the market dynamics could shift significantly.
Bitcoin (BTC) continues to make lower high after lower high. When can we expect a decent bounce?
In a recent incident in Malaysia, an illegal Bitcoin mining operation caused an explosion at an uninhabited house in the city of Puncak Alam, located in the Kuala Selangor District. The blast, which was reported to be caused by the excessive electricity usage of the Bitcoin mining rigs, raised alarm among local authorities.
U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions.
Community members celebrated as the Ethereum Foundation deployed 45,000 ETH to decentralized finance protocols Aave, Spark and Compound.
Bitcoin and the broader crypto markets faced a jolt on January 12 after the latest US Consumer Price Index (CPI) data came in hotter than expected. The shock sent Bitcoin briefly downward before bouncing back, spurring a range of reactions among traders and analysts.
Bitcoin's whale activity is at a multi-year high, influencing market trends. Key metrics signal a pivotal moment for BTC's next move.
On February 12, bitcoin ETFs experienced a third consecutive day of outflows, losing $251 million due to significant withdrawals from FBTC and ARKB. Bitcoin ETFs Extend Outflow Streak Bitcoin and ether exchange-traded funds (ETFs) faced significant withdrawals on Wednesday, Feb. 12. Bitcoin ETFs recorded their third consecutive day of outflows, totaling $251.03 million.
Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025.
On-chain data shows that most altcoins led by Ethereum and XRP have recorded network growth as Bitcoin traders capitulate.
Ethereum's recovery is shaping into a potential five-wave impulse, with key resistance at $3,349. If price clears $2,881, further upside toward $3,500 is possible.
The move comes as bitcoin has stuttered around $96,000.
Texas lawmaker filed a new strategic Bitcoin reserve bill. The new SB 21 bill gives more control to financial experts.
Bitcoin's bull run faces uncertainty as Fed Chair Powell reinforces QT, delaying liquidity shifts. BTC dominance holds, but macro trends loom.
US-based investment management firm ARK Invest's CEO, Cathie Wood, predicts that Bitcoin (BTC) is on track to reach $1.5 million by 2030. In a recent YouTube video, Wood stated that despite the market's temporary pullback, the odds of BTC hitting this ambitious price target have increased.