Casey

Casey

I’m a Crypto author and Blockchain enthusiast. I have been writing about Bitcoin, Ethereum, and other Cryptocurrencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and VentureBeat. I’m also a regular speaker at Blockchain conferences around the world.

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Crypto Week Ahead: Bitcoin Faces Volatility as Trump’s Tariffs Shake Markets

Bitcoin (BTC) is in the middle of a wild ride after a turbulent week triggered by President Trump’s surprise tariffs on China, Canada, and Mexico. The flagship cryptocurrency hit a weekly high of $106,190 before plunging below $93,000, leaving investors scrambling to assess what’s next. What’s Behind the Crypto Selloff? The sudden market dip was fueled by Trump’s new trade policies, which raised concerns about inflation and economic instability. Investors quickly reacted, leading to a $2 billion liquidation event in just 12 hours—one of the biggest in recent history. At its lowest point, Bitcoin fell to $92,500, while Ethereum (ETH) dropped as low as $2,451. The overall crypto market cap shrank from $3.45 trillion to $3 trillion in just one week. Altcoins, including XRP and Solana, also saw steep losses, with some meme coins dropping over 15%. Key Market Trends to Watch 🔹 Bitcoin’s Support & Resistance: Analysts say $95,000 is a crucial level—if BTC holds above it, a rebound toward $100K+ is possible. But a break below $90,000 could lead to deeper corrections.🔹 Market Sentiment: BTC dominance surged to 61%, indicating a cautious market. The Fear and Greed Index dropped to 39 (Fear), signaling investor uncertainty.🔹 US Federal Reserve Policy: The next Fed meeting and upcoming labor market reports could influence Bitcoin’s direction. If economic data signals a slowdown, Bitcoin could rally past $100K. Is Crypto Still Bullish? Despite the short-term price shock, some experts remain optimistic.💬 Thangapandi Durai (Koinpark CEO): “Last week was eventful—Bitcoin dropped 4%, Ethereum lost 12%, but the US government is showing strong support for crypto. Key figures are discussing a federal Bitcoin stockpile and improved banking access for crypto firms.”💬 Shivam Thakral (BuyUcoin CEO): “The drop below $95K reflects market stress, but Bitcoin remains a hedge against economic instability.” What’s Next for Crypto? As we enter another volatile week, all eyes are on Bitcoin’s key support levels, global economic policies, and the Federal Reserve’s next move. If market conditions stabilize, Bitcoin could regain momentum and push toward new highs. But if uncertainty lingers, more turbulence could be on the horizon. For now, investors should stay cautious, watch key price levels, and be ready for market swings.

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Uphold Brings Back Crypto Staking in the UK After Regulatory Green Light

Big news for UK crypto investors—Uphold has officially restarted staking services! 🎉 This move comes after regulatory changes in the country provided much-needed clarity on staking rules. Why Did Uphold Stop Staking Before? A year ago, Uphold halted staking services in the UK and EU due to unclear regulations. According to CEO Simon McLoughlin, the legal framework around staking was a “gray area”, making it risky to continue offering the service. But things have changed! On January 31, 2025, the UK Treasury amended financial regulations, clarifying that crypto staking does NOT fall under collective investment schemes. This means platforms like Uphold can legally offer staking without heavy regulatory hurdles. What’s Next? 🔹 UK staking is back, but other regions still have restrictions.🔹 Uphold plans to relaunch staking in the US and Europe by June 2025.🔹 Canada, Japan, Venezuela, and Singapore remain off the list for now. McLoughlin is optimistic about 2025, especially with a more crypto-friendly US administration. He believes these regulatory updates are a step toward making blockchain-based finance mainstream. Why Does This Matter? Staking is a major part of the crypto world, allowing users to earn rewards by supporting blockchain networks. With clearer rules in place, more platforms could reintroduce staking, making it easier for everyday investors to participate. For now, UK users can enjoy staking rewards once again, and the crypto world will be watching to see how other regions respond!

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Bitcoin Takes a Hit as Trump’s Tariffs Shake the Market

Bitcoin, which recently soared to record highs, just faced a sharp sell-off after President Donald Trump announced new tariffs on Canada, Mexico, and China. The flagship cryptocurrency dropped nearly 7%, falling to $93,434, as investors reacted to concerns over global trade tensions. What’s Behind the Drop? On February 3, 2025, Trump signed executive orders imposing:🔹 25% tariffs on Canada & Mexico🔹 10% tariffs on China These policies raised fears of increased inflation and economic uncertainty, causing a ripple effect across risk assets like cryptocurrencies. How Bad Was the Crash? Bitcoin wasn’t the only victim—Ethereum and other major altcoins took a serious hit too:🔻 Ethereum (ETH): Down 20% to $2,468🔻 Binance Coin (BNB): Fell 16% to $545🔻 XRP: Crashed 24% to $2.15🔻 Solana (SOL): Dropped 8.62% to $190 What’s Next? Crypto analysts warn that the worst may not be over. With other nations—especially the UK and BRICS countries—expected to react, volatility could continue in the coming weeks. Sumit Gupta, co-founder of CoinDCX, believes that while short-term uncertainty is high, Bitcoin’s long-term future remains strong. He suggests that geopolitical instability often pushes investors toward decentralized assets like crypto, much like gold during past financial crises. Key Takeaway Bitcoin’s ability to act as a hedge against inflation and economic turbulence may attract more investors in the long run. But for now, traders should be cautious, as the market digests the impact of Trump’s policies.

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Crypto Market Meltdown: $2.2 Billion Wiped Out in Biggest Liquidation Event Ever

The crypto market just went through one of its worst days in history, with over $2.2 billion in liquidations—a bigger disaster than the collapses of FTX and Terra (LUNA). What Happened? Bitcoin and Ethereum prices took a major nosedive after news broke that President Trump is imposing new tariffs on Canada, Mexico, and China. The market reacted instantly, triggering panic selling and massive liquidations across the board. Traders Got Wiped Out This crash hit futures traders the hardest. According to CoinGlass, nearly $1.87 billion in long positions were liquidated as traders betting on higher prices got caught off guard. Short sellers, on the other hand, only faced about $345 million in liquidations. Why Did This Happen? The crypto market was already shaky due to recent volatility. But when Bitcoin started falling, high leverage trades began liquidating, triggering a chain reaction of forced selling. The market simply couldn’t handle the pressure, leading to one of the fastest and most brutal crashes ever seen. What’s Next? Analysts are comparing this to the COVID crash of 2020 and are warning traders to stay cautious. Some experts are advising against “revenge trading” with leverage, saying now is a time for patience, not reckless bets. For now, all eyes are on Bitcoin and Ethereum to see if they can stabilize—or if more pain is on the way.

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Trump’s Tariff Move Shakes Bitcoin Rally for Second Day in a Row

February 1, 2025 – Bitcoin’s bullish momentum hit another roadblock after President Donald Trump reaffirmed his plan to impose new tariffs, triggering a second consecutive day of market turbulence. Bitcoin’s Rally Stalled by Tariff Uncertainty The crypto market had been riding a wave of optimism, with Bitcoin surging past $106,000 on expectations that the U.S. might delay the tariff hike. However, the White House swiftly refuted reports of a postponement, sending Bitcoin tumbling back below $103,000—a 2.3% decline over the past 24 hours. The tariff concerns first rattled markets on Thursday, when Trump announced that 25% tariffs on imports from Mexico and Canada would take effect on February 1, alongside a 10% tariff on Chinese goods. This news led to an immediate pullback, reversing Bitcoin’s attempt to breach new highs above $109,000. Markets React as White House Confirms Tariffs Will Proceed On Friday, traders found hope in a Reuters report suggesting the tariffs might be delayed until March 1, allowing time for countries to negotiate exemptions. However, White House Press Secretary Karoline Leavitt dismissed the report as false, confirming that the tariffs will go into effect as planned. Following the confirmation, Bitcoin dropped 2%, mirroring its reaction from the previous day. The broader CoinDesk 20 Index also saw losses, down 1.3%, though Ethereum (ETH) held up better with a 1.2% gain. Traditional Markets Also Take a Hit While U.S. stock markets remained in positive territory, they too lost momentum, giving up much of their earlier gains. Investors are now assessing the potential impact of Trump’s tariff policy on global trade, inflation, and market stability. What’s Next for Bitcoin? With ongoing macroeconomic uncertainty, Bitcoin’s ability to reclaim its bullish momentum may hinge on how traders react to the tariffs in the coming days. A break above $106,000 could reignite a push toward new all-time highs, while continued downside pressure could see BTC test support near $100,000. For now, all eyes are on how the market digests the latest political developments—and whether Bitcoin can regain its strength despite external economic pressures.

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Ukraine Shuts Down Kuna, Its First Crypto Exchange – Here’s What Happened

Kyiv, February 1, 2025 – Kuna, Ukraine’s first and most influential cryptocurrency exchange, has officially shut down after authorities unexpectedly blocked access to its platform. The move, which took users by surprise, was enforced by the State Service of Special Communications and Information Protection, following a court order from the Shevchenkivskyi District Court in Kyiv and a request from the Bureau of Economic Security. Despite playing a pivotal role in crypto adoption in Ukraine since its launch in 2014, Kuna was abruptly banned without prior notice, leaving many in the Ukrainian crypto community searching for answers. What Led to the Ban? Kuna’s founder and CEO, Michael Chobanian, first learned about the ban not from the government, but through Telegram messages from users reporting issues accessing the platform. It soon became clear that Ukrainian internet providers had started blocking Kuna’s domain and subdomains based on government orders. According to official documents, the restriction will remain in place until martial law is lifted in Ukraine, but no specific reason for the ban has been disclosed. Speculation, however, is growing. Allegations of Corruption and Tax Evasion Chobanian has suggested that the ban was politically motivated, claiming that Ukrainian law enforcement had pressured him for kickbacks. He particularly pointed to the Bureau of Economic Security, stating that officials aggressively pursued payments under the pretense of supporting the national economy. Meanwhile, reports indicate that Kuna is under investigation for tax evasion, with the Bureau alleging that a forensic audit uncovered intentional financial misconduct. Authorities claim that potential losses to the state could total 50 million hryvnia (around $1.3 million). Despite the allegations, Chobanian maintains that the government’s hostility toward crypto businesses, coupled with restrictive regulations from the National Bank of Ukraine, has been pushing digital asset firms out of the country. Kuna Shuts Down, Users Have 2 Months to Withdraw Funds On January 30, 2025, Chobanian announced that Kuna would permanently shut down all commercial operations. He has given users a two-month window to withdraw their remaining funds before the platform ceases all activity. This decision marks the end of an era for Ukraine’s crypto community. Kuna was not just another exchange—it was a key player in Ukraine’s crypto revolution. The platform facilitated trading for Bitcoin and Ethereum and was instrumental in raising over $100 million in crypto donations for Ukraine’s military in early 2022 through a partnership with the Ministry of Digital Transformation. Despite the challenges, Chobanian is not walking away from the crypto space. He has hinted at new projects focused on governance, referring to a model he calls “symbiocracy.” He has also expressed optimism about the growing influence of Bitcoin under the Trump administration, suggesting that the global crypto landscape is shifting. What’s Next for Ukraine’s Crypto Market? The shutdown of Kuna raises serious concerns about the future of cryptocurrency in Ukraine. The country had once positioned itself as a leader in crypto adoption, but government crackdowns and regulatory uncertainty now threaten its progress. As Kuna winds down operations, many Ukrainian traders are looking toward European exchanges and decentralized platforms to continue their crypto activities. Meanwhile, the broader crypto industry will be watching closely to see how Ukraine’s stance on digital assets evolves in the coming months. Is Ukraine’s crypto crackdown just beginning, or will the government reconsider its stance? Only time will tell.

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Bitcoin Rebounds to $104K as AI and Crypto Narratives Merge

After dipping below $100K due to the DeepSeek AI breakthrough, Bitcoin has made a strong comeback, surging past $104K as traders find confidence in the Federal Reserve’s decision to keep interest rates steady. This unexpected recovery has sparked renewed discussions on how artificial intelligence (AI) and Bitcoin could actually complement each other rather than compete. Let’s break down the biggest crypto developments from the past 24 hours: DeepSeek’s AI Breakthrough Might Be a Bitcoin Catalyst While some feared that DeepSeek’s advanced AI model could overshadow Bitcoin, Standard Chartered has presented a different perspective. The bank suggests that DeepSeek’s more efficient AI development approach could reduce global computing costs, lowering inflation. Why does that matter for Bitcoin? Lower inflation typically strengthens Bitcoin as an inflation hedge, making it even more attractive to investors. Instead of AI being a threat, it could be the unexpected force that helps drive Bitcoin prices higher. Trump’s Campaign Manager Joins Coinbase’s Advisory Council In a move that has raised eyebrows, Trump’s 2024 co-campaign manager, Chris LaCivita, has joined Coinbase’s Global Advisory Council, alongside former Senator Kyrsten Sinema and ex-New York Fed President Bill Dudley. With the SEC’s legal battle against Coinbase now in limbo, some believe that LaCivita’s inclusion signals a major shift in the crypto regulatory landscape. He has openly supported making the U.S. a leader in crypto innovation, a sharp contrast to the previous administration’s stance on digital assets. Could this mean Coinbase’s battle with the SEC is nearing its end? TRUMP Token Now Accepted for Real-World Purchases Former U.S. President Donald Trump’s official meme coin ($TRUMP) just got a major use case—it can now be used to buy Trump-branded sneakers, watches, and perfumes across multiple online stores. The TRUMP token has already amassed over 700,000 holders, and this new integration is a significant step toward real-world crypto adoption. But the bigger picture here is that Trump Media and Technology Group is reportedly expanding into financial services and crypto investments, hinting at a larger role for digital assets in Trump’s economic strategy. Is TRUMP officially a utility token now? Bitcoin’s Future: $75K Dip or $250K Surge? Market analysts are divided on Bitcoin’s next move. Derive Trading’s latest report suggests there is a 9.2% probability that Bitcoin could test $75K before April based on increasing market volatility. At the same time, BitMEX founder Arthur Hayes predicts a “mini financial crisis” that could ultimately push Bitcoin to $250K in the long run. With implied volatility spiking from 52% to 76%, traders are hedging against possible corrections while still eyeing long-term gains. How soon can Bitcoin hit $250K? Crypto.com Delists USDT and 9 Other Tokens in Europe In a major shift, Crypto.com is set to delist Tether (USDT) and nine other tokens in Europe by January 31 to comply with the MiCA regulations. Users have been given until March 31 to convert their assets into MiCA-compliant stablecoins or cryptocurrencies. Among the affected tokens are Wrapped Bitcoin (WBTC) and Dai (DAI), leaving many European crypto users scrambling for alternative options. What are the best alternatives to USDT in the European market? Final Thoughts: AI and Crypto’s Growing Intersection Bitcoin’s resilience above $104K and its faster-than-expected rebound show that AI and crypto don’t have to be rivals. With lower inflation benefiting Bitcoin, AI could actually help drive digital assets higher rather than weaken them. Meanwhile, regulatory shifts, institutional adoption, and real-world crypto integrations are setting the stage for major developments in the market. Will Bitcoin continue its upward momentum, or is a correction coming? Drop your predictions below!

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Ripple’s Q4 Report Signals Market Shift as XRP ETF Momentum Builds

Ripple’s Q4 2024 XRP Markets Report has unveiled major developments in the crypto space, highlighting XRP’s price movement, institutional interest in ETFs, and key regulatory changes. With the SEC potentially withdrawing its appeal and banks gaining regulatory clarity on crypto custody, the crypto market is on the brink of significant transformation. XRP’s 280% Surge Amid Regulatory Optimism XRP saw an impressive 280% rally in late 2024, fueled by growing optimism about the SEC withdrawing its appeal against Ripple’s legal victory. This surge was further supported by Donald Trump’s nomination of former SEC Commissioner Paul Atkins as the next SEC Chair, a move widely expected to lead to a pro-crypto policy shift. However, XRP has since pulled back from its December high of $3.3999, as investors await confirmation on whether the SEC will formally drop its appeal. The delay in decision-making, possibly until Atkins officially takes office, has left the market in a state of cautious anticipation. Regulatory Shakeup: Crypto Banking Access Restored A major win for the industry came as the SEC officially rescinded Staff Accounting Bulletin (SAB) 121, a rule that previously made it too costly for banks to offer crypto custody services. By removing this restriction, banks can now provide crypto-related financial services, making digital assets more accessible to institutions and mainstream investors. Additionally, President Trump signed new executive orders (EOs) aimed at fostering innovation in the U.S. digital asset space, signaling a broader shift toward pro-crypto regulations. Institutional Investors Push for XRP Spot ETFs One of the biggest highlights of Ripple’s Q4 report was the surge in institutional interest in XRP ETFs. Five major issuers have already filed for XRP spot ETFs, including: 🔹 Bitwise🔹 Canary Capital🔹 WisdomTree🔹 21Shares🔹 Grayscale (which filed to convert its XRP Trust into an ETF on Jan 30, 2025) If the SEC approves these ETF applications, it could significantly increase demand for XRP, driving prices to new highs. XRP Price Outlook: What’s Next? As of January 31, XRP closed at $3.0359, down 2.93% for the day. Despite underperforming the broader crypto market, XRP has managed to hold above the critical $3.00 level. The biggest price catalyst remains the SEC’s decision on its appeal: 🔹 If the SEC withdraws its appeal, XRP could break past its all-time high of $3.55 and rally further.🔹 If the SEC pursues the appeal, XRP might dip below $2.50 as uncertainty weighs on investor sentiment. Bitcoin Faces Pressure as U.S. Tariff Concerns Grow While XRP awaits regulatory clarity, Bitcoin saw a price dip on January 31, falling from $106,105 to a low of $101,580. The sell-off was triggered by news of the U.S. government imposing 10% tariffs on Chinese goods, which raised concerns about inflation and potential delays in Fed rate cuts. Despite the price drop, U.S. Bitcoin spot ETFs continued to see strong inflows, with $588.1 million in net inflows on January 30. However, January 31 saw a slight pullback with $45.2 million in outflows, particularly from the Bitwise Bitcoin ETF (BITB), which recorded a $56M net withdrawal. Market Watch: Will a U.S. Bitcoin Reserve Fuel the Next Rally? A potential U.S. Strategic Bitcoin Reserve (SBR) is also making headlines. If approved, such a move could tighten Bitcoin’s supply and drive institutional adoption, setting the stage for a massive rally. Meanwhile, upcoming U.S. jobs data and Fed policy decisions will play a key role in Bitcoin’s next move. 🔹 A weaker labor market could boost rate-cut expectations, pushing BTC toward $109,312.🔹 A strong labor market could delay rate cuts, dragging BTC toward $95,000. Final Thoughts: A Pivotal Moment for Crypto Markets Ripple’s Q4 report reinforces the fact that crypto markets are at a turning point. With XRP ETF applications piling up, SEC decisions looming, and institutional Bitcoin adoption growing, the next few months could define the future of digital assets. Will XRP break its all-time high, or will regulatory delays hold it back? Will Bitcoin regain momentum, or are macroeconomic concerns too strong? The answers lie in the weeks ahead—stay tuned for the next big move in crypto!

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Budget 2025: What Crypto Investors Expect and Why It Matters

The Union Budget 2025 is just around the corner, and crypto investors in India are eagerly watching for potential reforms that could reshape the industry. With strict taxation and regulatory uncertainty hampering growth, the upcoming budget presents a crucial opportunity for the government to create a more favorable environment for digital assets. Taxation Reforms: A Key Demand from the Crypto Industry Currently, crypto profits in India are taxed at 30%, with an additional 1% Tax Deducted at Source (TDS) on every transaction. These policies have significantly reduced trading volumes, with many investors shifting to offshore exchanges or avoiding crypto altogether. 🔹 Industry leaders are pushing for a reduction in TDS to 0.01%, arguing that it would boost liquidity and bring back active trading.🔹 A tax structure similar to equities or mutual funds could encourage long-term investment and prevent capital flight to decentralized and foreign platforms. Lowering the tax burden could increase participation, drive more trading on Indian platforms, and ensure higher tax compliance as investors return to regulated exchanges. Regulatory Clarity: A Much-Needed Move for Stability Despite India’s growing interest in blockchain and Web3, unclear regulations have slowed progress. Many crypto startups have relocated abroad to jurisdictions with more favorable policies. 🔹 Investors and businesses want a clear legal framework that defines licensing, taxation, and operational guidelines for crypto firms.🔹 Aligning with global standards—such as the EU’s MiCA regulations or UAE’s crypto-friendly approach—could make India a competitive hub for digital assets. A transparent and predictable regulatory environment would help attract institutional investors, encourage more startups to remain in India, and foster innovation in blockchain technology. Easing Compliance for Startups & Businesses Strict regulations and complex tax filings have made compliance a major hurdle for startups. 🔹 Many small crypto firms struggle with excessive paperwork and reporting requirements.🔹 Simplifying KYC (Know Your Customer) norms and reducing compliance burdens could help blockchain projects thrive in India.🔹 Clearer guidelines on anti-money laundering (AML) measures would allow firms to comply with international standards while maintaining operational efficiency. Encouraging startups with business-friendly policies could position India as a Web3 powerhouse, attracting both domestic and foreign investment. How Global Trends Could Influence India’s Budget India is not isolated from global crypto trends, and recent developments in major economies could impact government decisions. 🔹 Bitcoin & Ethereum ETFs in the U.S. have boosted institutional interest, signaling mainstream acceptance of digital assets.🔹 Countries like UAE, Singapore, and the UK have introduced crypto-friendly policies to attract businesses and capital.🔹 If India delays regulatory clarity, top blockchain talent and investments may continue to migrate to more favorable jurisdictions. A progressive stance on crypto regulation could allow India to harness blockchain technology for financial inclusion, decentralized finance (DeFi), and digital payments. What Investors Can Expect from Budget 2025 While a complete overhaul of crypto regulations may not be likely, the government could take steps to make India’s crypto market more competitive and investment-friendly. 🔹 A reduction in TDS or an alternative tax structure could revive trading volumes and increase participation.🔹 Stronger compliance measures may remain, but they could be refined to encourage innovation rather than hinder growth.🔹 Any positive policy shift would signal the government’s willingness to integrate crypto into India’s financial ecosystem. The Road Ahead for Crypto in India The Union Budget 2025 presents a crucial opportunity for India to define its stance on crypto. With the right policies, India could emerge as a leader in blockchain, DeFi, and Web3 applications. 🔹 A balanced tax regime,🔹 Regulatory clarity, and🔹 Startup-friendly compliance policies Could unlock massive potential for India’s digital economy. Will Budget 2025 bring the long-awaited crypto reforms? Investors, traders, and businesses are watching closely—because the future of India’s crypto industry may depend on it.

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Trump’s Inaugural Committee Raised Millions from Crypto Giants Like Coinbase and Crypto.com

President Donald Trump’s inaugural committee received millions in donations from some of the biggest names in crypto, including Coinbase, Crypto.com, Kraken, and Galaxy Digital, according to disclosures filed with the Senate Office of Public Records (OPR). These funds helped finance the official events surrounding his swearing-in as the 47th President of the United States on January 20, 2025. Crypto Firms Show Strong Support Several major crypto firms contributed $1 million each to Trump’s inaugural committee, including: 🔹 Coinbase🔹 Crypto.com🔹 Kraken🔹 Galaxy Digital🔹 Paradigm Operations Meanwhile, Robinhood Markets outpaced these firms with a $2 million donation. Additionally, Gemini co-founders Tyler and Cameron Winklevoss, along with prominent venture capitalists Marc Andreessen and Ben Horowitz, also backed the event financially. Wall Street, Big Tech, and Energy Firms Join the Donor List Trump’s re-election campaign and inauguration drew in a mix of tech giants, financial institutions, and energy corporations, including: 🔹 Amazon, Meta (Facebook), and Goldman Sachs ($1 million each) – notable as they did not contribute during Trump’s first term.🔹 Chevron Corp. ($2 million) and GE Vernova ($500,000).🔹 Oklo, a nuclear fission reactor manufacturer, donated $250,000.🔹 Hanwha Q Cells, a German solar panel company’s U.S. subsidiary, contributed $500,000.🔹 American Clean Power Association, a group representing wind, solar, and clean energy firms, donated $100,000.🔹 Healthcare firms Bayer Corporation and Johnson & Johnson also contributed. These contributions reflect a broader shift in corporate engagement with Trump, as some firms that previously distanced themselves from his first presidency have now stepped forward with significant financial support. Trump’s Meme Coin ($TRUMP) Crashes Post-Inauguration In a bold and unconventional move, Trump also launched his own meme coin ($TRUMP) around his inauguration. While the coin initially soared, reaching a market cap of $14.9 billion, it plummeted 63% in just days, dropping to $5.5 billion as of Thursday. When asked about the token’s performance, Trump gave a typically off-the-cuff response: “I don’t know if it benefited, I don’t know where it is, I haven’t checked it, but I heard it was very successful.” Crypto’s Influence in Politics Grows Trump’s crypto-friendly stance has already drawn significant attention, with major players in the industry supporting his administration financially. His pledge to make the U.S. a global leader in crypto and blockchain appears to be resonating with industry leaders. With a potential shift in U.S. regulatory policies under Trump, many are watching closely to see how his administration shapes the future of cryptocurrency and financial markets.

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XRP Holds Steady, Solana Surges 7%, and Ethereum Faces a Critical Test

The cryptocurrency market is seeing a mix of consolidation, breakouts, and key resistance tests. XRP is in a calm phase, Solana (SOL) has surged 7%, and Ethereum (ETH) is gearing up for a major test at $3,330. Let’s take a closer look at the latest market trends and what could be next for these top digital assets. XRP Consolidates – Is a Breakout Coming? After an explosive rally, XRP has settled at $3.10, showing signs of slowing momentum. Despite the cooldown, the asset is holding strong above key support levels, as traders await a clear signal for the next move. 📊 Support Levels: 📊 Resistance Levels: The market sentiment is neutral, with neither bulls nor bears taking control. Trading volume has dipped, but prolonged consolidation like this often leads to sharp volatility. If buying pressure builds, XRP could retest $3.50, while a failure to hold above $2.88 could send it toward $2.59. Solana Surges 7% – Bullish Momentum Returns Solana (SOL) has seen a strong 7% price increase in just a few hours, signaling renewed bullish momentum. Currently trading around $240, SOL’s recent strength is driven by growing market interest, increasing network activity, and broader bullish sentiment in crypto. 📊 Key Levels to Watch: If SOL sustains its rally and breaks past $250, the next targets are $270 and $300. However, a rejection near $250 could trigger a pullback toward $228 or lower. Ethereum Nears a Crucial Resistance Test at $3,330 Ethereum (ETH) is approaching a major resistance zone at $3,330, which marks the top trendline of its descending price channel. A successful breakout here could shift market sentiment bullish, while a failure could push ETH back into a correction. 📊 Current Market Position: 📊 Market Indicators: Final Thoughts: What’s Next? 🔹 XRP traders are in a wait-and-see mode, but prolonged consolidation could spark volatility.🔹 Solana’s bullish breakout is showing strength, but $250 is the key level to watch.🔹 Ethereum is at a decision point – breaking $3,330 could lead to a big rally, while rejection may send it lower. The next few days will be crucial for these major cryptos, as their price action could determine the next bullish or bearish phase for the market.

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Coinbase Plans Solana Futures Launch as It Expands Derivatives Offerings

Coinbase is making a big move in the crypto derivatives market by planning to introduce cash-settled Solana (SOL) futures on its regulated derivatives exchange. This initiative marks another step in Coinbase’s effort to expand its offerings and compete with major players like CME Group. Solana Futures: What You Need to Know A Coinbase spokesperson confirmed that the exchange is actively working with the Commodity Futures Trading Commission (CFTC) to get approval for Solana futures contracts. If approved, these contracts will allow traders to speculate on Solana’s price movements without owning the actual tokens. Here’s what we know about the proposed futures contracts: 🔹 Contract Size: Each futures contract will represent 100 SOL tokens, valued at around $25,000 at current prices.🔹 Tentative Launch Date: Trading could begin on or after February 18, 2025, though the final date depends on CFTC approval.🔹 Risk Controls: Position limits are set at 3,500 contracts, around 30% lower than Bitcoin futures, signaling a cautious approach.🔹 Settlement Mechanism: Coinbase will use a sophisticated pricing model based on 20 three-minute price intervals over an hour, making it harder to manipulate.🔹 Regulatory Oversight: The benchmark rate for settlement prices will be provided by MarketVector Indexes GmbH, a firm regulated by Germany’s BaFin financial watchdog. Why Is Coinbase Expanding into Solana Futures? With derivatives trading becoming a major revenue driver for crypto exchanges, Coinbase is looking to expand beyond spot trading. In Q3 2024, Coinbase’s transaction revenue dropped 27% quarter-over-quarter to $573 million, highlighting the need for new income streams. Meanwhile, CME Group, one of the biggest names in crypto derivatives, reported a record-breaking 203% increase in trading volume in 2024, showing just how lucrative the futures market has become. Unlike CME, which only offers Bitcoin and Ethereum futures, Coinbase’s introduction of Solana futures could give it a competitive edge in offering diversified trading products. Solana’s Market Position and Volatility Solana has been one of the most actively traded cryptocurrencies, with a market cap exceeding $114.6 billion, making it the fifth-largest digital asset. What makes it particularly attractive for futures trading is its higher volatility compared to other major cryptos: 📊 Solana 30-day volatility: 3.9%📊 Ethereum 30-day volatility: 3.1%📊 Bitcoin 30-day volatility: 2.3% Higher volatility means greater price swings, which can be profitable for traders using leverage. A Careful Approach to Risk Management To ensure market stability and prevent manipulation, Coinbase has implemented several risk controls: ✅ 10% hourly price fluctuation limits to prevent extreme volatility.✅ Kill switches to protect against unexpected market crashes.✅ Clearing services handled by Nodal Clear, ensuring smooth settlements. These measures are designed to make trading safer while allowing institutions and retail traders to engage in Solana futures with confidence. What’s Next? While Coinbase originally posted details about Solana futures on its website, the document was later removed as the company continues to work with the CFTC to finalize approval. If approved, this move could solidify Coinbase’s position in the crypto derivatives market, giving traders access to more options beyond Bitcoin and Ethereum futures. It could also open the door for more altcoin futures products in the future.

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uniswap
Uniswap (UNI) $ 10.19
ethena-usde
Ethena USDe (USDE) $ 0.999434
wrapped-eeth
Wrapped eETH (WEETH) $ 3,069.48
mantra-dao
MANTRA (OM) $ 6.03
pepe
Pepe (PEPE) $ 0.000011
ondo-finance
Ondo (ONDO) $ 1.44
near
NEAR Protocol (NEAR) $ 3.78
aave
Aave (AAVE) $ 283.56
monero
Monero (XMR) $ 226.90
mantle
Mantle (MNT) $ 1.24
whitebit
WhiteBIT Coin (WBT) $ 28.31
official-trump
Official Trump (TRUMP) $ 20.23
aptos
Aptos (APT) $ 6.48
internet-computer
Internet Computer (ICP) $ 7.71
dai
Dai (DAI) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 22.23
vechain
VeChain (VET) $ 0.039365
crypto-com-chain
Cronos (CRO) $ 0.115038
jupiter-exchange-solana
Jupiter (JUP) $ 0.985546
bittensor
Bittensor (TAO) $ 374.08
okb
OKB (OKB) $ 49.84
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.343852
bitcoin
Bitcoin (BTC) $ 102,035.34
ethereum
Ethereum (ETH) $ 2,872.19
xrp
XRP (XRP) $ 2.72
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 217.81
bnb
BNB (BNB) $ 617.56
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.290226
cardano
Cardano (ADA) $ 0.822205
staked-ether
Lido Staked Ether (STETH) $ 2,898.21
tron
TRON (TRX) $ 0.229573
chainlink
Chainlink (LINK) $ 21.88
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,183.38
avalanche-2
Avalanche (AVAX) $ 28.64
sui
Sui (SUI) $ 3.74
stellar
Stellar (XLM) $ 0.371507
wrapped-steth
Wrapped stETH (WSTETH) $ 3,336.24
hedera-hashgraph
Hedera (HBAR) $ 0.280004
the-open-network
Toncoin (TON) $ 4.12
shiba-inu
Shiba Inu (SHIB) $ 0.000017
leo-token
LEO Token (LEO) $ 9.84
hyperliquid
Hyperliquid (HYPE) $ 25.81
litecoin
Litecoin (LTC) $ 108.48
weth
WETH (WETH) $ 2,907.84
polkadot
Polkadot (DOT) $ 5.26
bitget-token
Bitget Token (BGB) $ 6.62
bitcoin-cash
Bitcoin Cash (BCH) $ 352.89
usds
USDS (USDS) $ 0.999683
uniswap
Uniswap (UNI) $ 10.19
ethena-usde
Ethena USDe (USDE) $ 0.999434
wrapped-eeth
Wrapped eETH (WEETH) $ 3,069.48
mantra-dao
MANTRA (OM) $ 6.03
pepe
Pepe (PEPE) $ 0.000011
ondo-finance
Ondo (ONDO) $ 1.44
near
NEAR Protocol (NEAR) $ 3.78
aave
Aave (AAVE) $ 283.56
monero
Monero (XMR) $ 226.90
mantle
Mantle (MNT) $ 1.24
whitebit
WhiteBIT Coin (WBT) $ 28.31
official-trump
Official Trump (TRUMP) $ 20.23
aptos
Aptos (APT) $ 6.48
internet-computer
Internet Computer (ICP) $ 7.71
dai
Dai (DAI) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 22.23
vechain
VeChain (VET) $ 0.039365
crypto-com-chain
Cronos (CRO) $ 0.115038
jupiter-exchange-solana
Jupiter (JUP) $ 0.985546
bittensor
Bittensor (TAO) $ 374.08
okb
OKB (OKB) $ 49.84
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.343852