Author: Lora

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced significant outflows on February 3, as Bitcoin’s price dipped to a three-week low. Investor fears about a potential trade war, triggered by President Trump’s new tariffs, caused a wave of uncertainty, leading to over $2 billion in liquidations across the crypto derivatives market. According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively saw a net outflow of $234.54 million on February 3, ending a four-day inflow streak that had previously brought in over $1 billion. The largest outflows came from Fidelity’s FBTC, which lost $177.64 million, followed by ARK…

Crypto investment products saw a massive $1.9 billion in weekly inflows last week, following former U.S. President Donald Trump’s endorsement of the Bitcoin reserve concept, according to a January 27 report from CoinShares. This influx boosted year-to-date inflows to a total of $4.8 billion. Bitcoin Dominates Inflows Bitcoin continues to lead the pack, with $1.6 billion, or 92% of the total weekly inflows, directed into Bitcoin-focused products. Year-to-date, Bitcoin has already pulled in $4.4 billion in investments. The popularity of Bitcoin ETFs was likely further fueled by Trump’s recent remarks about Bitcoin’s potential as a reserve asset, increasing investor interest.…

The wider cryptocurrency market mirrored an expected decline in the past 24 hours, when writing it was at $3.56 trillion, with a decline of 3.90 percent, and at the same time Bitcoin also saw a decline of 4.22 percent now exchanging hands at $103,522. Despite initial volatility in the market sentiment and prices of some known cryptocurrencies, Monsta Mash($MASH) continues to gather huge attention in the GameFi space, and in just a couple of days after its debut, it has gathered a significant amount of investment from the investors. Monsta Mash uniqueness luring investors and market attention The entry of…

The crypto community is abuzz with speculation after Donald Trump’s social media accounts promoted a new Solana-based memecoin, with many questioning whether the posts are genuine or the result of a hack. Trump’s Memecoin Announcement Sparks Debate On January 18, Donald Trump’s official X (formerly Twitter) account shared a surprising announcement: “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR TRUMP NOW.” The post, which was mirrored on Trump’s Truth Social account, introduced the “Official Trump (TRUMP)” memecoin. Within hours, the token reached a trading…

PostFinance, a retail bank owned entirely by the Swiss government, has launched Ether (ETH) staking services for its 2.7 million customers, marking another significant step toward crypto integration in traditional banking. Serving approximately a quarter of Switzerland’s population, PostFinance is making staking more accessible with a low entry requirement and seamless integration into its existing financial services. Ether Staking with Accessible Terms In a blog post on January 16, PostFinance announced the launch of its Ether staking service, which allows investments starting from just 0.1 ETH (approximately $331). This is a sharp contrast to Ethereum’s native staking requirement of 32…

Sony has officially launched the Soneium mainnet, a blockchain platform designed to empower creators with faster, cost-efficient tools for connecting directly with fans through NFTs and cryptocurrencies. This new mainnet builds on the success of the 2024 Soneium Minato testnet, which attracted over 15 million wallets and facilitated 50 million transactions. S.BLOX Exchange and NFT Fan Marketing Platform As part of the launch, Sony introduced S.BLOX, a user-friendly cryptocurrency exchange aimed at simplifying participation in Web3 applications. To celebrate its debut, S.BLOX is rewarding new users with Bitcoin and has announced an upcoming NFT campaign in collaboration with the popular anime franchise Ghost in the Shell. Sony also teased its upcoming NFT-based…

Bitcoin trader and analyst Willy Woo has issued a cautionary note to crypto market participants, warning that risk levels in the current cycle are “peaking,” with more profit-taking likely in the coming months. Despite this, other analysts remain optimistic, suggesting that Bitcoin’s recent pullback may signal a potential reversal. Caution Urged Amid High Risk Levels In a January 10 post on X (formerly Twitter), Willy Woo highlighted that risk in the Bitcoin cycle is reaching its highest point since January 2023. Woo pointed to substantial profits already taken by investors and suggested that further profit-taking may occur before the market…

Backpack, a crypto exchange founded by former FTX executives, has successfully acquired FTX EU, the European arm of the now-defunct FTX exchange. The acquisition, which received approval from both the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), marks a strategic move by Backpack to expand its services in the European market. As part of the acquisition, Backpack will now be able to offer regulated crypto derivatives and other financial products to European users. These offerings will include crypto derivatives such as perpetual futures. The move is particularly significant as several crypto exchanges have recently exited Europe,…

Dogecoin (DOGE) bulls who are fixated on a $1 price target for 2025 might be underestimating the meme coin’s potential. While it’s been a slow start for DOGE, with resistance holding around $0.34, history and market fundamentals suggest that Dogecoin could be on the verge of a much bigger rally, potentially reaching as high as $3 in 2025. Early 2025: Dogecoin in Bullish Territory As of early January, Dogecoin has been gaining momentum, rising by around 3% over the past two consecutive days. Despite encountering resistance near its 21-day moving average (DMA) at $0.34, the price has broken above its…

Bitcoin’s recent price rally has triggered a significant spike in mining equipment costs, particularly in Shenzhen’s Huaqiangbei district, a global hotspot for cryptocurrency hardware. According to a report by Wen Wei Po, mining gear prices have surged by 30%, with the cost of the Antminer S21 335T climbing to $5,600 (around RMB 40,700), up from last year’s price of $3,836.19 (about 28,000 RMB). The Antminer S21 XP, a more advanced mining device featuring water-cooling technology, is in even higher demand, leading to frequent stockouts on Bitmain’s official website. Huaqiangbei merchants report a surge in bulk orders, with customers from Russia,…