Bitcoin is trying to provide permanence over $ 97,000
Bitcoin is traded at $ 96,920 at the Ethereum $ 2,720. The total value of the crypto currency market is 3.14 trillion dollars. Bitcoin’s market value of $ 1,92 trillion, Ethereum’s market value is 328 billion dollars.
Bitcoin is traded at $ 96,920 at the Ethereum $ 2,720. The total value of the crypto currency market is 3.14 trillion dollars. Bitcoin’s market value of $ 1,92 trillion, Ethereum’s market value is 328 billion dollars.
SEC accepted the application for Spot XRP ETF by Canary Capital
SEC, yesterday, the CBOE BZX Stock Exchange on behalf of the Canary Capital Spot XRP ETF application accepted the application of the Federal Record of the Federal Record of 21 days demanded to be sent comments. Following this process, the Authority may decide to approve, reject or “initiate an investigation”.
19B-4 application represents the second step of the two-stage process of proposal of a crypto ETF to the SEC. After the application is accepted, it is published in the Federal Registration and the official approval process of the institution begins. The SEC had previously accepted the Spot XRP ETF applications of 21shares, Bitwise, Grayscale and Coinshares. Canary Capital also received the approval of the institution with the application of Litecoin ETF.
Brazil is preparing to start the world’s first spot XRP ETF after approval
Brazil is preparing to launch the world’s first spot XRP stock market investment fund (ETF). The Hashdex’s XRP Fund was approved by T, the CVM (Menkul Values and Stock Exchange Commission), the regulator of the country. The Hashdex NASDAQ XRP Index Fund is currently expected to be traded at the preliminary operational stage and on the B3 stock market of Brazil.
The start date of the fund has not yet been announced. The US Securities and Stock Exchange Commission (SEC), 21shares, Bitwise, Grayscale and Coinshares accepted the applications of XRP ETF. In addition, Spot ETF applications based on other subcoins such as Solana and Litecoin are also evaluated by the SEC.
Montana became the fourth US state that advanced the Bitcoin reserve law to the House of Representatives.
The Montana province’s business and work committee accepted a bill that could pave the way for Bitcoin and other crypto currencies to be a reserve asset. In the vote yesterday, the bill, which was accepted by 8 votes against 12 votes, was rejected by all of the Democrats while receiving the full support of the Republicans.
This proposal, which is the fourth crypto reserve law bill that reaches the Parliament at the state level in the USA, envisions precious metals, stablecoins and a special income account to invest in investment in digital assets with an average market value of more than $ 750 billion in the last year. Bitcoin is the only digital asset that currently meets this criterion. The bill will now be sent to the Montana House of Representatives.
Only Utah, Arizona and Oklahoma had reached this stage in the draft laws on Bitcoin reserves. The bill has been changed to remove the funds by a qualified storage or to remove the need to be managed through a Stock Exchange Investment Fund (ETF). If it is accepted, the bill, which will enter into force on July 1, will allow the state treasury to transfer up to 50 million dollars to a special account to invest in precious metals, digital beings and stablecoins until July 15th.
Other states such as Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Pennsylvania, South Dakota and Texas presented similar Bitcoin reserves. Utah, as the most progress in this field, managed to pass the Bitcoin reserve bill from the Parliament.
Microsoft introduced its new chip.
Microsoft, yesterday, the first quantum processor Majorana 1, introducing the competition in the field of quantum information. This chip, which consists of semiconductors and superconductors, uses a substance different from solid, liquid and gas, according to Microsoft. CEO Satya Nadella said that this technology can reduce the development of quantum computers to several years instead of decades.
Microsoft, He announced that the theory put forward in 1937 was finally poured into practice and that this groundbreaking invention was published in Nature of Science Magazine. Unlike traditional computers, quantum computers can represent both 0 and 1 values at the same time using units called Qubit. In this way, they can process much faster.
Although this development has the potential to revolutionize in many areas such as chemistry and health, it leads to concerns in the crypto currency world. In particular, after the Willow chip introduced by Google in December 2024, quantum computers can break the encryption methods used by Bitcoin and other crypto currencies. Experts, multiple signature wallets, offline storage methods and quantumin -resistant crypto wallets may be precautions against this risk, he says.
Crypto
1 in Crypto Markets with Trump’s Inauguration
Trump’s failure to mention Bitcoin in his inauguration speech led to a liquidation of $1.28 billion in crypto markets.
Trump’s failure to mention Bitcoin in his inauguration speech led to a liquidation of $1.28 billion in crypto markets.
The cryptocurrency market has been volatile over the last 24 hours, with large liquidations and widespread declines in altcoins. Bitcoin has shown a more resilient performance compared to leading altcoins such as Solana and Cardano. According to Coinglass data, more than 386,000 investors were liquidated in the last 24 hours and a total of approximately $1.28 billion was liquidated.
Of this, $816 million came from long positions and $307 million came from short positions. This shows that market participants are changing their positions to adapt to sudden price movements. “Given Bitcoin’s sensitivity to US economic data and Fed interest rate expectations, investors should be prepared for increased volatility in the coming days,” said FXTM Senior Market Analyst Lukman Otunuga. he said.
Analysts stated that the market has consolidated after its recent rally and is cautiously optimistic.
Trump’s World Liberty Financial (WLF) project purchased more than $100 million in cryptocurrencies on inauguration day
Hours before Donald Trump took office, World Liberty Financial, the DeFi project associated with the Trump family, purchased a large amount of cryptocurrency. According to Arkham Intelligence data, the project wallet purchased $46.8 million worth of Ethereum (ETH) and $46.7 million worth of Wrapped Bitcoin (wBTC) in four hours.
Additionally, tokens with smaller market caps such as Ethena (ENA), Wrapped Tron (wTRX), Chainlink (LINK), Aave (AAVE) and Uniswap (UNI) were also purchased. With these purchases, the total crypto asset value of the wallet reached 326.2 million dollars, the largest part of which is ETH, USD Coin (USDC) and wBTC.
World Liberty Financial also purchased ENS domains, leading to speculation that memecoins will be issued that may be tied to other members of the Trump family.
Ethereum Foundation will allocate 50,000 ETH to support DeFi applications
Ethereum His foundation announced that it will allocate 50,000 Ether, approximately $165 million, to support Ethereum’s decentralized finance (DeFi) ecosystem. Ethereum founder Vitalik Buterin stated in his post on the X platform on January 20 that the foundation will make organizational changes in order to more actively support application developers and provide more transparency to the community.
The funds will be held in a 3-of-5 multisig wallet on Safe and the testing process was successfully carried out via the lending protocol Aave. However, Ethereum Foundation representative Hsiao-Wei Wang stated that the full installation of the wallet may take a few days. The foundation’s treasury reserve decreased from 617,000 Ether in January 2020 to today’s level of 269,000 Ether (56% decrease). The 50,000 Ether allocated corresponds to 18.5% of total assets.
Although there are criticisms among community members about the foundation’s lack of interest in DeFi and the price pressure caused by the sale of Ether, it is reported that the foundation aims to meet its budget with staking rewards. Vitalik Buterin emphasized that the foundation will adhere to the principle of impartiality and will not engage in lobbying activities with regulators. CryptoQuant CEO Ki Young Ju supported Buterin, saying that the foundation prioritizes “creating value rather than making money.”
Crypto
Crypto currencies are waiting for the meeting to be held at the White House on March 7?
Bitcoin is traded at $ 87,147 at the Ethereum $ 2,180. The total value of the crypto currency market is 2.82 trillion dollars. Bitcoin’s market value of $ 1,72 trillion, Ethereum’s market value is 262 billion dollars. The US Senate canceled the controversial crypto tax regulation.
Bitcoin is traded at $ 87,147 at the Ethereum $ 2,180. The total value of the crypto currency market is 2.82 trillion dollars. Bitcoin’s market value of $ 1,72 trillion, Ethereum’s market value is 262 billion dollars. The US Senate canceled the controversial crypto tax regulation.
The US Senate accepted the bill with 70 to 28 votes for the cancellation of the controversial tax regulation that necessitates the US Revenue Administration (IRS) to report the user data of the intermediaries defined as “storage mediators”.
This decision will be submitted to US President Donald Trump. The bill, presented by Senator Ted Cruz and targeted the decentralized finance ecosystem, was criticized for violating personal privacy and preventing innovation and putting the crypto currency sector difficult. The Trump administration supports the cancellation of the regulation, stating that it will undermine American innovation and bring heavy compliance burden.
This arrangement required that platforms that provide service to non -decentralized financial protocols to collect user information. However, many experts find regulation unattended due to intense reactions from the sector and possible confidentiality violations. Some groups in the crypto currency industry filed a lawsuit against IRS against this rule and warned that the regulation could push the sector out of the United States.
El Salvador President Bukele said that despite the IMF pressure, Bitcoin purchases will continue.
El Salvador President Nayib Bukele said that despite the call of the International Monetary Fund (IMF) to stop Bitcoin purchases, his government will continue to accumulate crypto currency Bitcoin. Bukle, on March 4 in a statement, “We do not stop and we will not stop,” he said they will not comply with the IMF’s request.
On March 3, the IMF demanded El Salvador’s $ 1.4 billion loan agreement to stop accumulating Bitcoin and stop Bitcoin mining. However, El Salvador continues its strategy of receiving at least one Bitcoin per day. The country has reached 6,101 BTC by increasing Bitcoin reserves and has accumulated an asset of about $ 534.5 million.
In 2021, El Salvador became the first country to accept Bitcoin as a legal payment tool. However, with the legal regulation made in January 2024, the acceptance of Bitcoin for the private sector was made optional. If the agreement with the IMF includes limiting some Bitcoin initiatives, D seems to be determined to maintain the boule government Bitcoin accumulation policy.
Metaplanet continues to purchase Bitcoin and added 43.9 million dollars worth of BTC.
The Japanese investment company Metaplanet increased its assets by acquiring 497 BTCs within the scope of Bitcoin accumulation strategy. The company announced that it has spent a total of 43.9 million dollars for this purchase at an average price of $ 88,448.
Thus, Metaplanet’s total crypto currency Bitcoin presence reached 2,888 BTC. The average cost of Bitcoins that the company has acquired so far is at the level of $ 83.172 and the total purchase cost is calculated as approximately 240.2 million dollars. The current market value reached $ 251 million and earned the company on paper.
Metaplanet in line with the Bitcoin accumulation strategy announced in April 2024, it continues to make aggressive purchases, while aiming to accumulate 10,000 BTC until the end of 2025 and 21,000 BTC until the end of 2026. Following this last Bitcoin purchase, Metaplanet’s shares traded in Japan gained 17 %on Wednesday. During the same time, Bitcoin increased by 4 %in the last 24 hours and reached $ 86,943.
Crypto
Bitcoin is trying to hold on at $ 88,000
Whales, Bitcoin 3 months to the lowest level of 26.4k BTC’yi carried the accumulation addresses.
Whales, Bitcoin 3 months to the lowest level of 26.4k BTC’yi carried the accumulation addresses.
Bitcoin declined to $ 86,000 yesterday and reached the lowest level of the last three months. Although there are data that there may be more decreases in the market, it is observed that whales accumulate.
Bitcoin with the loss of 10 %on a weekly basis, Analyst Axel Adler JR said that this correction was the largest quarter decline since August 2024. Short -term investors were also affected by the sales pressure, while 27,500 BTCs changed hands in the last 24 hours. On the other hand, big investors benefit from the opportunity.
According to Cryptoquant data, 26,430 BTCs were transferred to whale accounts on February 24th. It is known that such addresses are generally used for over -the -counter operations and long -term storage purposes. In addition, Strategy was reported to purchase 20,99 billion dollars of 20,99 billion BTC last week.
Bernstein reiterated the Bitcoin target of $ 200,000 and sees the opportunity to purchase during the market correction.
By re -confirming the 12 -month Bitcoin price target for $ 200,000, Bernstein re -evaluated the current market correction as a purchase opportunity for investors looking for strategic entry points before a new summit.
Analysts, Bitcoin’s fall below $ 80,000, the next 12-18-month period can offer a ratio of attractive risks for investors targeting new summits, he said. It was emphasized that the current correction was temporary and did not change Bitcoin’s views on the ongoing rise cycle. Bitcoin fell more than 7 %in the last 24 hours and fell below $ 87,000.
Bernstein, a global stock market of a hacking incident of $ 1.5 billion and Argentine President Javier Milei’nin supported by the factors such as discussions about the Libra Token, he said. In addition, macro concerns, such as high interest rates and uncertainties in government expenditures, also affected the Bitcoin market.
Bernstein stated that BTC has a binary structure that behaves like high beta technology and gold, and predicted that the demand from corporate and state treasures would continue to increase. Analysts estimate that Bitcoin has not yet reached the loop summit and may approach $ 200,000 in the next 12 months. This long -term projection is based on the class of “digital gold” assets that grow with corporate and state demand.
Grayscale, Altcoin ETF racing accelerated while applying for the Spot Polkadot Fund.
Grayscale, through Nasdaq, the US Securities and Stock Exchange Commission (SEC), Grayscale Polkadot Trust’ın shares to list and process a 19B-4 application for a 19B-4 application.
The assets of the fund consist of DOTs with Polkadot Network’s local Token. Grayscale announced in 2021 that it had established a series of new crypto funds, including Polkadot Trust. The 19b-4 application is the second step of the two-stage process for the consent of a crypto ETF. After the application is accepted by the SEC, the approval process will begin to be published in the Federal Register.