Category: Bitcoin News

Warren Urges Fed and Treasury to Reject Crypto Bailout

admin

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.  Warren warned that any potential bailout “would be deeply unpopular to transfer wealth from American taxpayers to cryptocurrency billionaires,” adding that it could also “directly enrich President Trump and his family’s cryptocurrency company, World Liberty Financial, according to CNBC. The letter comes as Bitcoin (BTC) prices have fallen more than 50% from their all-time high in…

Aptos Foundation to Propose New Deflationary Tokenomics

admin

The Aptos Foundation is looking to propose a significant shakeup to the dynamics of the Aptos token, announcing a host of potential policy changes designed to spur greater APT deflation.   In an X post on Wednesday, the Aptos Foundation said it would submit several governance proposals to help transition the ecosystem away from its current subsidy-based emission format to something focused more on “performance-driven mechanisms” and decreasing APT supply.  “The Aptos network is transitioning to performance-driven tokenomics designed to align supply mechanics with network utilization,” the Aptos Foundation said, adding:…

2-Step Bitcoin Quantum Plan, Prepare For AGI

admin

Crypto industry executives at Cointelegraph’s LONGITUDE conference in Hong Kong stressed the importance of addressing Bitcoin’s technological risks and said that clear US regulations can’t come soon enough. Co-hosted by crypto exchange OneBullEx, the Feb. 12 event opened with a fireside chat featuring Tron founder Justin Sun, who discussed what the industry needs to prioritize — including preparing for artificial general intelligence (AGI) — which many expect to arrive within the next few years. “We need to create a very easy standard for AGI to use blockchain,” Sun said. Tron…

Will Bitcoin End Its Sideways Move Below $70K With This Setup?

admin

Bitcoin (BTC) trades in a tight $65,000–$70,000 range on Wednesday, a structure that has held for the past two weeks. The lower time frames show a bullish divergence, signaling fading short-term selling pressure, while futures data indicate fresh long positions opened from $66,000. Analysts say the compression may precede a breakout attempt, with liquidity clusters below $66,000 and above $71,000 being the zones that may define the next directional move. Bitcoin’s bullish divergence rests near a support level On the one-hour chart, Bitcoin is forming a descending channel similar to…

Bitcoin Bottom Signal That Preceded 1,900% Rally Flashes Again

admin

Bitcoin’s “short-term holder stress” metric has fallen to lows not seen since 2018, suggesting the market has capitulated and possibly bottomed. A key Bitcoin (BTC) on-chain metric is flashing its most extreme capitulation signal since 2018, hinting at a potential cycle-low setup. Bitcoin is mirroring 1,900% rally setup from 2018 Bitcoin’s short-term holder stress has dropped to its lowest level since the 2018 bear market bottom, according to new on-chain data from Checkonchain. The Short-Term Holder (STH) Bollinger Band metric shows the oscillator falling into its deepest oversold territory in…

Kraken Acquires Tokenization Platform Magna Ahead of Potential IPO

admin

Payward, the parent company of cryptocurrency exchange Kraken, has acquired tokenization platform Magna, expanding the company’s infrastructure. Kraken said Wednesday the acquisition would allow Magna to operate “as a standalone platform, powered by” the crypto exchange. The company’s announcement said Kraken would use the platform for “onchain and offchain vesting, white-label token claims, custody and escrow workflows, specialized staking functionality” and other functions. “Joining Kraken gives us the resources to support existing and new clients with institutional-grade infrastructure, deeper liquidity, and global distribution,” said Magna CEO Bruno Faviero. According to…

Solana Bears Target $50 SOL Price: Here’s why

admin

SOL price looks bearish on multiple chart timeframes, leading analysts to put a short-term target on $50. Will the “extreme” state of SOL’s MVRV indicator prevent another price crash? Solana’s SOL (SOL) continues to be battered by bearish headwinds since collapsing to $67 on Feb. 6. SOL is more than 72% below its all-time high of $295, and several metrics suggest that the downside may be far from over. Key takeaways: Solana’s bearish technical patterns lean toward a $50 price target. The MVRV bands suggest SOL may have bottomed, but…

Riot Platform‘s AI/HPC Push could Net up to $21B, Says Stockholder

admin

An activist Riot Platform shareholder is pressing the crypto mining company to accelerate its pivot to high-performance computing (HPC) and artificial intelligence. In a Wednesday letter to executives, Starboard Value, which holds about 12.7 million shares of Riot, said that the company could generate between $9 billion to $21 billion in equity value contribution from AI/HPC data centers in Texas. The shareholder said that “time is of the essence,” stressing urgency in getting “more material deals completed” as it moves deeper into AI and HPC. “With 1.4 [gigawatts] of gross…

Here’s Why Ethereum Price Looks Bearish Below $2K.

admin

Ethereum onchain data and a bear pennant on the daily chart suggest that bears may target the $1,100 level. Would a dip to that zone represent a generational buy opportunity? Ether (ETH) price printed a bear pennant on the daily chart, a technical chart formation associated with strong downward momentum. This weakening technical setup and declining network activity may signal the continuation of ETH’s bear trend and possibly send the altcoin’s price to $1,100. A bear pennant pattern is a bearish setup that forms after the price consolidates inside an…

Bitcoin Charts Project Fresh Lows In $50K Range: Will Altcoins Follow?

admin

Key points: Bitcoin remains under pressure, and the downside might accelerate if the $65,118 level is breached. Several major altcoins are attempting a recovery, but the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to hold the price above $67,000, but the bears have continued to exert pressure. A positive sign for the bulls is that select analysts believe BTC may be bottoming out. Analyst Jelle said in a post on X that all but one of BTC’s major bottoms had formed between the 200-week simple moving average…