USDT dominance could close below its 200-week moving average for the first time ever, potentially signaling a shift in power from stablecoins to riskier assets like Bitcoin.
New Zealand Central Bank Governor Adrian Orr issued a strong warning against cryptocurrencies, particularly stablecoins, calling them the ‘biggest misnomer’ and emphasizing that their value depends entirely on the assets and liabilities of their issuer, raising concerns about their stability and suitability as a form of currency.
The fledgling ERC-404 sector faces a harsh reality check as its market capitalization drops a staggering 29% in the last 24 hours,” according to data from Coingecko. Leading projects within the experimental Ethereum standard bear the brunt of the sell-off, with notable falls including PANDORA (down over 15%), DEFROGS (down over 22%), and RUG (down over 38%).
Launched by founders of defunct Three Arrows Capital, centralized exchange OPNX announces closure this month. Users advised to close positions and withdraw funds by February 14th. Founders reportedly shifting focus to new on-chain derivatives platform OXFUN.
Jupiter co-founder Meow responded to community concerns regarding the large-scale public sale of tokens by the team on their listing day. He clarified several key points:
Gary Gensler, the head of the U.S. Securities and Exchange Commission, tweeted a cautionary message to crypto investors, reminding them of the legal uncertainties and potential scams in the crypto market. His tweet came as the crypto community is eagerly anticipating the approval of a spot bitcoin ETF by the SEC.
Bitcoin SV (BSV) unleashed a jaw-dropping 65% rally in a single day, leaving onlookers bewildered and market analysts scrambling for explanations. Fueled by a sudden surge in buying pressure from South Korean traders, the once-beleaguered cryptocurrency catapulted from $42 to a dizzying high of $69 before settling back slightly. The unexpected eruption fueled speculation about renewed interest in BSV’s contentious hard fork of Bitcoin and its claims of superior scalability and transaction processing power. However, some remain cautious, attributing the surge to potential market manipulation or short-squeeze dynamics within the Korean exchanges.