Short News
522 articles
Peter Schiff Slams Bitcoin Super Bowl Ad, Sparks Debate
Peter Schiff criticized a Bitcoin Super Bowl ad, accusing it of false advertising for claiming Bitcoin is backed by energy. He argued Bitcoin neither stores nor can be redeemed for energy, urging FTC intervention. In response, Dan Victor, CFA, highlighted that Bitcoin relies on decentralized computing power, which requires energy. Schiff dismissed this as semantics, …
Sohrab Khawas·8 Feb 20251 min
Bitcoin Risks $1.3B Liquidation as Trade War Fears on the Horizon
Bitcoin faces potential liquidations exceeding $1.3 billion if it drops below the critical $93,000 support level, driven by escalating U.S.-China trade war concerns. Currently trading at $95,960, Bitcoin slipped below $100,000 after new import tariffs rattled market sentiment. Analysts, including Bitget’s Ryan Lee, warn that falling under $90,500 could trigger bearish trends. While short-term risks …
Nidhi Kolhapur·8 Feb 20251 min
XRP Trading Volume Explodes 9,640% on Coinbase, Hits $438 Million
XRP’s trading volume on Coinbase skyrocketed by 9,640% in just 24 hours, reaching $438 million, according to CoinGlass. This surge comes amid heightened market volatility as traders capitalize on price movements. Plus, Fox Business Journalist Eleanor Terrett revealed that XRP depository receipts (DRs) may soon be available, offering investors exposure to XRP without directly buying …
Qadir AK·8 Feb 20251 min
Coinbase Adds POPCAT, PENGU and MORPHO Tokens to Listing Roadmap
In a recent move, Coinbase Global Inc. has announced plans to list three Solana-based tokens: Popcat (POPCAT), Pudgy Penguins (PENGU), and Morpho (MORPHO). The exchange revealed on Friday that these altcoins have been added to the listing roadmap, but trading and transfers are not yet available to customers. The roadmap inclusion indicates that the token …
Nidhi Kolhapur·8 Feb 20251 min
Franklin Templeton Updates Crypto ETF Filing, Eyes Future Token Additions with SEC Approval
In a recent move, Franklin Templeton has updated its S-1 filing for the Franklin Crypto Index ETF, aiming to gain approval to gradually add tokens to the fund. The updated filing reveals that the Franklin Crypto Index ETF will initially focus on Bitcoin (86.31%) and Ethereum (13.69%). While it doesn’t commit to adding other cryptocurrencies, …
Nidhi Kolhapur·8 Feb 20251 min
Grayscale’s $69M Bitcoin Transfer Sparks Market Concerns
Grayscale’s recent Bitcoin transfer of 696.821 BTC, valued at $69.48 million, to Coinbase Prime has stirred tension in the crypto community. Arkham’s monitoring revealed the movement from Grayscale’s Coinbase Prime Deposit address to its hot wallet. Unlike previous transfers during Bitcoin’s price rallies, this shift comes amid a downmarket, raising questions about Grayscale’s strategy. The …
Sohrab Khawas·7 Feb 20251 min
Trump to Announce Reciprocal Tariffs by Today
Donald Trump plans to announce reciprocal tariffs as early as Today, according to sources familiar with the matter. These tariffs will match the rates that U.S. trading partners impose on American exports, fulfilling one of Trump’s key campaign promises. The announcement triggered immediate market reactions, with the U.S. dollar gaining strength while major U.S. stock …
Qadir AK·7 Feb 20251 min
Solana Spot ETF Approval Odds Drop to 35%
Polymarket predicts just a 35% chance of a Solana spot ETF approval by July 31, reflecting shifting SEC dynamics. Despite this, the SEC’s acknowledgment of Grayscale’s amended Solana ETF application marks a notable first, signaling a slight change in approach. Bloomberg analysts James Seyffart and Eric Balchunas view it as a small but significant step …
Nidhi Kolhapur·7 Feb 20251 min
ConsenSys Fights Back Against U.S. Authorities’ Efforts to Cut Them Off
ConsenSys, the Ethereum developer behind MetaMask, has successfully navigated two attempts by U.S. authorities to exclude it from the financial system. CEO Joe Lubin revealed the company survived Operation Chokepoint 2.0 by keeping backup accounts. Despite intense pressure from regulators, Lubin’s unnamed bank resisted closing ConsenSys’ account, which was crucial for the $7 billion company. …
Mustafa Mulla·7 Feb 20251 min