Author: James Wilson
AAVE declined for the second consecutive week, mirroring the performance of most altcoins as tariff risks remained a concern. AAVE (AAVE) token fell to a low of $196.4, its lowest level since November 25, and is currently 50% below its highest level this year. The token has a few catalysts that may push it to its all-time high of $666, up by 170% from the current level. First, there are signs of increased accumulation by investors. Coinglass data shows that AAVE’s balances on exchanges have crashed to the lowest level in years. These balances moved to 2.2 million on Friday,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana, Ethereum catch attention with potential price surges, while Agent A.I. emerges as a promising meme coin. As the crypto market heats up, buzz surrounds potential price surges. Big names like Solana and Ethereum are in the spotlight, hinting at significant value increases. Enthusiasts and investors are keen to see if these coins will reach new highs, capturing the market’s imagination and fueling further interest. Meanwhile, a new player seeks to capture attention. Mission Briefing: Agent A.I. emerges as…
Coinbase CEO Brian Armstrong highlighted the company’s growing financial footprint, comparing its holdings to major U.S. banks and brokerages. In a post on X, Armstrong stated that Coinbase now holds approximately $420 billion in customer assets. This would make it the 21st largest bank in the U.S. by total assets. If categorized as a brokerage, Coinbase would rank as the eighth largest by assets under management. If you think of Coinbase like a bank, we now hold about $0.42T in assets for our customers, which would make us 21st largest bank in the US by total assets, and growing.If you…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Attention moves from XRP to the emerging meme coin, Mission Briefing: Agent A.I., which aims to redefine success in 2025. As the crypto market rides the waves of another bull run, investors question the future of established digital assets. The spotlight now shifts from major players like XRP to intriguing new arrivals. Analysts are buzzing about a certain meme coin, known for its bold promises and unique twist. This upcoming contender might just redefine success by 2025. Introducing Mission…
A U.S. judge has ruled that crypto exchange Coinbase must face a class action lawsuit filed by customers in New York, Reuters has reported. The lawsuit alleges that Coinbase illegally sold securities and that it acted as a direct seller. In a ruling delivered on Feb. 7, U.S. District Judge Paul Engelmayer rejected Coinbase’s argument that it is not a statutory seller under U.S. federal securities law. The exchange also contended that it never transferred the title of the 79 tokens listed in the lawsuit, which customers traded. However, the judge pointed to the argument that “customers on Coinbase transact…
Mike Colonnese, senior crypto analyst at H.C. Wainwright & Co., reiterated CleanSpark as the firm’s top pick following the company’s first-quarter earnings report. Bitcoin mining company CleanSpark reported its first-quarter results on Thursday, posting an 82% quarter-over-quarter increase in revenue to $162.3 million. The company benefited from a 33% rise in Bitcoin (BTC) production and a 37% increase in average Bitcoin prices. During the quarter, CleanSpark produced 1,945 BTC, up from 1,465 BTC in the previous quarter. Its deployed hash rate also jumped 41.7% quarter-over-quarter to 39.1 EH/s. In a research note, Colonnese stated that CleanSpark’s previous goal of reaching…
Burwick, leading the case against Pump.fun, claims the platform allowed offensive tokens targeting his family in an effort to intimidate him. Pump.fun, a widely used meme coin launchpad built on the Solana (SOL) blockchain, has gained traction as a platform where users can create, trade, and speculate on tokens within minutes. While it has fueled excitement in the degen trading community, it has also raised concerns over market manipulation, rug pulls, and unregistered securities. Over the past month, Pump.fun has become the center of a legal battle, facing multiple lawsuits from Burwick Law, which alleges that the platform profits from…
Missouri is joining the trend of states embracing Bitcoin by introducing its own Bitcoin reserve bill, known as House Bill 1217. Missouri Representative Ben Keathley introduced the bill, seeking to establish a Bitcoin Strategic Reserve Fund that would allow the state treasurer to invest in and hold Bitcoin. The bill, filed on February 6, positions Bitcoin as a hedge against inflation and aims to diversify the state’s financial holdings. The bill “creates the ‘Bitcoin Strategic Reserve Fund’ and allows the state treasurer to receive, invest, and hold Bitcoin under certain circumstances,” according to the bill’s summary. Under the proposed legislation,…
Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims. A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit. In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility,…
Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims. A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit. In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility,…