Category: Cryptocurrency News

“The FDIC also looks forward to engaging with the President’s Working Group on Digital Asset Markets,” acting chairman Travis Hill wrote.

Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with all centralized exchanges. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says When the value of this metric is positive, it means the holders are depositing a net number of coins into these platforms. As one of the main reasons why investors transfer to the exchanges is for selling-related purposes, this kind of trend can be a bearish sign for the asset’s price. On the other hand, the indicator being negative suggests the outflows outweigh the inflows and a net number of tokens is moving out of the exchanges. Such a trend can indicate that the investors are accumulating, which is something that can naturally be bullish for ETH. Now, here is a chart that shows the trend in the Ethereum Exchange Netflow over the past year: As is visible in the above graph, the Ethereum Exchange Netflow observed a massive negative spike yesterday after the crash in the asset’s price took place. In total, the investors withdrew 350,000 ETH (worth around $982 million at the current exchange rate of the token) from the exchanges in this outflow spree. “This is the highest amount of net exchange withdrawals since January 2024!” notes the analytics firm. Given the timing of the outflows, it would appear likely that they were made by whales looking to buy Ethereum at cheap post-crash prices. The accumulation from the investors has in turn helped the cryptocurrency reach a bottom and make some recovery. Related Reading: Indicator That Foreshadowed XRP’s 14% Crash Gives Buy Signal For Solana The Exchange Netflow could now be to keep an eye on in the coming days, as the upcoming trend in it might also influence the ETH price. Naturally, a continuation of the outflows would be a positive sign, while an increase in inflows could spell a bearish outcome. In some other news, the number two stablecoin by market cap, USDC, has seen its transaction count shoot up recently, as IntoTheBlock has pointed out in another X post. “USDC is becoming increasingly popular, with the number of daily transactions increasing by over 119% in the last year!” says the analytics firm. Stablecoins can end up acting as fuel for volatile assets like Ethereum, so increased activity related to them can be a good sign for the market. ETH Price At the time of writing, Ethereum is floating around $2,800, down more than 11% over the last seven days. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

U.S. lawmakers are ramping up efforts to dismantle “Operation Chokepoint 2.0,” vowing to end regulatory overreach and restore fair banking access for the thriving crypto industry. Lawmakers Push Back Hard Against Crypto Banking Blacklist—Crackdown Challenged Efforts to dismantle “Operation Chokepoint 2.0” continue to gain traction, with lawmakers pushing back against alleged regulatory overreach targeting the […]

Wall Street Pepe (WEPE) is one of the hottest new projects of early 2025. The project’s presale is closing in on $70 million raised – and investors are hyped about its future. But with the presale ending in just 11 days, can Wall Street Pepe live up to all the early excitement? Beyond the Memes […]

Marc Chaikin is a legendary figure on Wall Street, renowned for spotting market trends before they unfold. His insights have accurately predicted major downturns, including the 2012 Priceline collapse, the COVID-19 market crash, and the recent banking crisis. When Chaikin speaks, Wall Street pays attention. This time, he’s sounding the alarm on the AI frenzy sweeping the U.S. stock market. According to Chaikin, investors holding the wrong AI stocks risk devastating financial losses. He stated, “If you’re holding Nvidia (NVDA) or FAANG right now, it’s time to prepare for a massive shift.” However, Chaikin believes there’s still a lot of money to be made in AI stocks, but only the right ones. Unlike before, picking a random trending stock won’t make you a millionaire. The markets are tough, and only accurate stock picking is the key to success. The Growing AI Demand The demand for AI tech and products is growing by the minute. Companies like Palantir Technologies have benefited hugely from this. The stock is up by more than 60% since mid-January. This comes after a huge 340% increase in stock prices in 2024. This surge in prices is backed by a strong 36% year-on-year revenue growth, which now stands at $828M. Alex Karp, Palantir CEO, credits the ‘untamed’ growth of demand in its AI software for the surge. The company now expects to increase revenue by another 54% in 2025. As you can see, picking the right AI stocks is the need of the hour. However, doing so can be a tedious and time-consuming process. Even then, the probability of the stock making you money is less, given the choppy waters in which AI stocks find themselves. This is where AI agents like MIND of Pepe ($MIND) come in. What Is $MIND? MIND of Pepe ($MIND) is an autonomous AI agent that cuts through the information overload floating around about the crypto market and produces actionable insights through hive-mind analysis. What this means is that $MIND can interact with influencers and shape conversations and discussions on platforms like X. In the process, it forms a view of its own to produce triggers for all token holders. Built on the Ethereum blockchain, this self-evolving AI agent helps investors identify early opportunities in the market by processing information in real time. The problem with crypto investing is that there’s too much information, all of which may or may not be factual. By the time a human can process this information barrage, the opportunity is long gone. $MIND, on the other hand, uses only real-time information (as fresh as a few seconds ago) to form a view of the markets. This adds to your trading efficiency by cutting down on data deviations. Why Can $MIND Be the Next Big AI Token? MIND of Pepe not only looks to take forward the legendary frog meme legacy but also adds real-time utility for all crypto investors. What would investors love more than regular early-opportunity investment ideas in a dicey AI stock market? Plus, $MIND developers have laid out a long-term vision for the project. Out of a total supply of 100B $MIND tokens, 30% has been reserved for innovation and AI agent updates, while 25% has been kept to support the AI agent ecosystem growth. Early $MIND investors can also earn 443% APY staking rewards – 15% of the token supply has been kept for staking and community incentives. No wonder experts believe $MIND can help investors make crazy gains in this bull run. The $MIND presale is currently live, with the project having already raised $5.1M so far. It’s, in fact, one of the best crypto presales going around right now. Available at a price of just $0.0032662 per token, the next price increase will happen in less than 2 days. This means this is the perfect time to buy the best AI agent coin. Simply visit the official $MIND presale page and connect your wallet. You can buy it with ETH, BNB, or USDT or use your card directly to complete the payment. However, it’s important to remember that crypto markets are subject to volatility and news-based risks. That’s why it is important to do your own research before making any purchases. Also, this article isn’t financial advice and we recommend you consult a professional financial advisor if you need expert guidance.

Cartesi and EigenLayer are hosting an invite-only Experiment Week from February 10 to 16, 2025, focusing on the Cartesi Coprocessor integrated with EigenLayer's restaking technology. Participants will develop innovative proofs of concept and decentralized applications that leverage the combined features of both platforms, aiming to unlock more building possibilities in Web3 while exploring new decentralized…
Read more

Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price action in this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside.  Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for the market, especially considering the bearish sentiment in the crypto market at the moment. The analyst noted that Bitcoin has spent about 583 days ranging in this cycle.  Related Reading: Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? On the other hand, the analyst remarked that the Bitcoin price has spent just 175 days, making meaningful price action to the upside. In line with this, he alluded to how patience is key, considering how Bitcoin ranges for most of the cycle. However, CryptoCon is convinced that the next 30-day sprint of great price action that the market is about to witness is worth the wait.  The analyst’s accompanying chart showed that the Bitcoin price could record up to 37 days of expansion on this next leg up. The chart also showed that the flagship crypto could rally to as high as $160,000 in March following this upward trend. This is bullish for the broader crypto market as altcoins are also expected to rally as BTC moves to the upside. Before now, CryptoCon had already assured that the bull cycle wasn’t over despite the crypto market facing the largest liquidation event in this cycle, with over $2 billion wiped out from the market.    BTC’s Trend Remains Uncertain For Now While the Bitcoin price could rally to $160,000 in the next thirty days, crypto analyst Ali Martinez has stated that BTC’s trend direction in the short term remains uncertain. He noted that the flagship crypto is consolidating between $90,900 and $108,500. The analyst added that the trend remains uncertain until there is a clear breakout beyond this range.  Related Reading: Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls However, crypto analyst Kevin Capital suggested that the Bitcoin price could soon record a massive bounce to as high as $111,000, marking a new all-time high (ATH) for the flagship crypto. He noted that all the major liquidity on the monthly heatmap is to the upside towards this $111,000 price level. The analyst added that this cannot be ignored, especially after a massive capitulation. He further remarked that he would be shocked if BTC didn’t grab this liquidity and head lower.  At the time of writing, the Bitcoin price is trading at around $97,800, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Ethereum is finally about to solve the interoperability problems that have plagued the ecosystem since it embraced the L2 scaling roadmap.

submitted by /u/Next_Statement6145 [link] [comments]