XRP analysts highlighted the potential for a rebound to $1.95 as the price broke above a symmetrical triangle amid persistent institutional demand. Source link
XRP price breakout targets $1.95 amid five-day ETF inflow streak
Category: Bitcoin News
FATF Highlights Risks in Stablecoin P2P Transfers via Self-Custody Wallets
Peer-to-peer transfers made through self-custody crypto wallets are a key weak point in the stablecoin ecosystem because they can take place without a regulated intermediary, the Financial Action Task Force (FATF) said in a new report urging countries to tighten oversight as stablecoins spread into payments and cross-border transfers. In its report on stablecoins, unhosted wallets and P2P transactions, the global anti-money laundering watchdog said transactions conducted directly between users through unhosted wallets can occur without regulated intermediaries such as exchanges or custodians. The FATF said this structure can create…
Iran’s Largest Crypto Exchange Shows no Capital Flight after Strikes: TRM
Nobitex, Iran’s biggest crypto exchange, showed no signs of a sustained, user-driven run after US-Israeli strikes on Iran, even as blockchain data indicated a brief spike in activity and higher outflows from Iranian exchanges more broadly, according to separate analyses from TRM Labs and Chainalysis. The TRM report, which examined onchain activity around Nobitex after US-Israeli strikes on Iran began on Feb. 28, found that the platform recorded a noticeable increase in activity in the immediate aftermath, including transfers exceeding $35 million from hot wallets to cold storage. However, TRM…
Bitcoin Bounces Back to Pass $71,000 Despite Tense Macro Mood
BTC price upside returned during Wednesday’s Asia trading session as Bitcoin attacked a long-term trend line and psychological levels. Bitcoin (BTC) passed $71,000 on Wednesday as geopolitical tensions fueled ongoing volatility. Key points: Bitcoin price action teases a fresh breakout after failing to hold $70,000 since January. Analysis sees the end of a large “accumulation phase” now in play. Geopolitical nerves stay focused on oil and the Strait of Hormuz embargo. Bitcoin suddenly jumps 5% after tense February Data from TradingView confirmed 5% BTC price gains on the day, taking…
Ark Invest Adds $4M in Coinbase, $12M in Robinhood Amid Market Volatility
Cathie Wood’s Ark Invest increased its exposure to crypto-related equities, adding shares of Coinbase and Robinhood Markets across several of its exchange-traded funds (ETFs) as broader markets pulled back. The company purchased a combined 22,452 shares of Coinbase across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF), according to trade notifications for Tuesday. Based on Coinbase’s closing price of $182.36 during the day, the purchase was valued at about $4.1 million. Ark also accumulated 158,587 shares of Robinhood through the same…
Bitcoin ETFs See $225M Inflows Led by BlackRock’s IBIT
US spot Bitcoin ETFs saw mixed trading flows Tuesday, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) offsetting redemptions. Spot Bitcoin (BTC) exchange-traded funds (ETFs) logged $225.2 million in net inflows, according to data from SoSoValue. The gains were driven largely by IBIT’s $322.4 million in inflows, which offset $89.3 million in outflows from Fidelity Wise Origin Bitcoin Fund (FBTC) and $28.2 million from Grayscale Bitcoin Trust ETF (GBTC), according to Farside data. Flows in US spot Bitcoin ETFs by issuer (in millions of US dollars). Source: Farside.co.uk The latest inflows…
Indiana Will Start Allowing Crypto in Retirement Plans and Savings
Indiana will start allowing certain retirement and savings plans to include crypto investments and has enacted stronger legal protections for the crypto industry under a newly signed bill. Governor Mike Braun signed House Bill 1042 into law on Tuesday, after it passed the legislature last Thursday. The legislation requires Indiana’s state public retirement and savings plans to offer self-brokerage accounts with at least one crypto investment option by July 2027. According to the bill’s description, this requirement applies to the legislators’ defined contribution plan, the Hoosier START plan, certain public…
Ex-LAPD Cop Convicted of $350K Crypto Theft
A former Los Angeles Police Department officer has reportedly been convicted of kidnapping a 17-year-old and stealing $350,000 worth of crypto in a 2024 home invasion. A Los Angeles County Superior Court jury found Eric Halem guilty of kidnapping and robbery on Monday after a two-week trial, the Los Angeles Times reported. The court was told that Halem and three other men posed as police carrying out a search warrant on an apartment rented by the teenager, who reportedly had earned a significant amount of crypto. Prosecutors said the teenager,…
Ray Dalio Warns Against Bitcoin as a Safe Haven
Billionaire investor Ray Dalio has warned against Bitcoin as a long-term store of value and safe-haven asset, arguing that it has little central bank support and has lingering concerns over its privacy limitations and quantum resistance. Dalio dismissed the idea that Bitcoin (BTC) can function as a digital gold, telling the All-In Podcast on Tuesday that “there is only one gold.” “Gold is not a precious metal that’s speculated on,” Dalio said, adding it is the “most established money” that is the second-largest reserve currency held by central banks. Dalio…
Bitcoin Is ‘Money’ in Parts of Africa, Says Africa Bitcoin Corp Chair
Stafford Masie, executive chairman of Africa Bitcoin Corporation, said Tuesday that Bitcoin functions as everyday money in parts of Africa rather than primarily as a store of value. Speaking to Natalie Brunell on the Coin Stories podcast on Tuesday, Masie said the framing of Bitcoin (BTC) differs sharply across regions. “Where I come from, Bitcoin is money,” he told Brunell, adding that in some circular economies in Africa, merchants “won’t accept dollars — they accept satoshis.” While investors in developed markets often emphasize its role as an inflation hedge, he…