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,…
Ripple price remains in a deep bear market as the softness in the crypto industry continued this week. Ripple (XRP) has dropped by 30% from its January high, erasing most of the gains made earlier this year. This retreat aligns with the ongoing Bitcoin (BTC) and altcoin crash. XRP price may be at risk of further weakness amid a slowdown in its ecosystem. CoinGecko shows that most XRP meme coins have plunged by double digits in the past few days. XRP Army token has dropped by over 30% in the last 7 days. PHNIX token has fallen by 32%, while…
A new Arizona bill aims to protect residents from Bitcoin ATM scams following a series of incidents, including one where a woman lost $17,000 to fraudsters. House Bill 2387, introduced by state representative David Marshall, proposes strict regulations on cryptocurrency ATM operations. The legislation comes after Tamara, a Social Security recipient from Peoria, fell victim to scammers posing as PayPal representatives. According to an ABC News affiliate, she was persuaded to withdraw $7,000 from her checking account and $10,000 from her individual retirement account (IRA), which she subsequently transferred using a Bitcoin (BTC) ATM. The scammers used threats and pressure…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. January 3, 2025, marked the 16th birthday of Bitcoin (BTC), the world’s first-ever cryptocurrency. It has come a long way since—inspiring an entire industry of rival cryptocurrencies, exchanges, digital wallets, and trading apps, all of which contributed to a blockbuster year for the crypto sector in 2024. Interest from the retail and institutional sectors were major drivers of this growth, but the emergence of new forms of cryptocurrency, such as memecoins and “rug pull” scams, where developers…
Total venture capital investments in the crypto space exceeded $105 million this week. Infrastructure and AI solutions secured decent capital across different funding stages. TNFT marketplace Taproot Wizards secured $30 million while the rest of the funding industry this week… Source link
As Bitcoin fell to $96,000 on Saturday and the market cap of all coins dropped to $3.1 trillion, the crypto fear and greed index dropped to 35. Meanwhile, the closely-watched altcoin season index fell to 44. While most cryptocurrencies were in the red, a few stood out at last check: Gods Unchained Gods Unchained (GODS) price formed a God candle as it jumped to a high of $0.30. That’s up by 212% from its lowest level this year. This rebound happened ahead of the Gods Unchained Battle Pass Season 1 whose presale will start on Feb. 10. Gods Unchained is a…
The NFT market has pulled back sharply alongside a broader crypto selloff, with Bitcoin falling to $96,000 and Ethereum tumbling to $2,600. The latest data shows that the overall crypto market cap has contracted to $3.13 trillion from last week’s $3.5 trillion. According to CryptoSlam data, NFT markets have cooled this week as both prices and trading activity fell. The total sales volume reached $119.5 million — a 33% drop from the previous week’s activity. The market data shows an ongoing pullback in trading: NFT sales volume has fallen to $119.5 million from $137.9 million Wash trading on Ethereum (ETH)…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple’s dominance faces uncertainty as XRP struggles, while Rexas Finance gains momentum with real-world asset tokenization. Given its dedicated community and convincing application cases, Ripple has long been identified as a pillar of cryptocurrencies. Its cost-effective, scalable, and efficient blockchain technology is meant to change cross-border payments. Nonetheless, many investors wonder about XRP’s ability to provide life-changing profits by 2025, given ongoing legislative challenges and a flat pricing trend. Meanwhile, a fresh competitor has drawn interest, trading under $0.25…
Ethereum has retreated for two consecutive weeks as concerns about weak demand and falling market share remain. Ethereum (ETH) dropped to a low of $2,140 this week and bounced back to $2,620 as the crypto industry stabilized. It remains about 37% below its highest level in December last year. Solana becomes formidable rival DeFi Llama data shows that Ethereum’s 30-day trading volume was $95 billion compared to Solana’s (SOL) $264 billion. Ethereum has also been overtaken in terms of fees this year. Its network has collected $172 million in fees, making it the sixth-most profitable cryptocurrency project after Tether, Tron,…
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…