Month: February 2025

Solana rallies 16% after SOL RSI drops to 2023 low: Was that the bottom?

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Solana (SOL) price dropped to a 2025 low at $125 on Feb. 28. However, the altcoin entered a 16% relief rally after the Chicago Mercantile Exchange (CME) announced the launch of Solana futures on March 17. The futures product now awaits regulatory approval from the Commodity Futures Trading Commission (CFTC). 🚨 NEW: CME Group to launch Solana futures on March 17, pending regulatory review by the CFTC. pic.twitter.com/sGJDXxgDQr — Cointelegraph (@Cointelegraph) February 28, 2025 Solana bears fail to pin SOL under $130 Since Feb. 24, Solana has formed a series…

Competitors want to ‘kill Tether,’ most altcoins ‘won’t make it’ in 2025: Finance Redefined

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Tether’s competitors are exerting increasingly more pressure to push the world’s largest stablecoin issuer out of the crypto market, including political pressure aimed at reducing the firm’s leading market share. In the wider crypto markets, analysts are suggesting that most cryptocurrencies won’t see a widespread “altcoin season” rally in 2025, and only select tokens with sustainable investor interest and revenue-generating models will be able to outperform the rest of the tokens. Paolo Ardoino: Competitors and politicians intend to “kill Tether” Tether’s competitors are working to push the world’s largest stablecoin…

‘Bad Bitcoin take’ — Crypto community reacts to Saylor’s kidney-selling advice

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Key Takeaways Michael Saylor suggested selling organs instead of Bitcoin, sparking criticism. Saylor’s past advice included extreme measures like mortgaging homes for Bitcoin. Share this article When Bitcoin crashes, Saylor’s our guy, but this time, the vibe is off for many. Strategy founder Michael Saylor suggested Bitcoin holders should sell one of their kidneys if they need money rather than selling their Bitcoin. The comment came as Bitcoin fell below $80,000 on Thursday, reaching its lowest level since last November. Sell a kidney if you must, but keep the Bitcoin.…

SEC Commissioner dissents on agency’s memecoin stance

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US Securities and Exchange Commission Commissioner Caroline Crenshaw issued a dissenting opinion on the SEC’s recent stance that memecoins are not securities. According to the commissioner’s Feb. 27 statement, memecoins could satisfy the Howey test’s condition of profiting from the managerial efforts of others due to the coordination between developer teams and promoters. The commissioner added that most, if not all, cryptocurrencies could be defined as memecoins under the SEC’s recent guidance, which was released on the same day. In this guidance, the agency stated that memecoins represent online social…

SEC again delays Ether ETF options on Cboe

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The US Securities and Exchange Commission has once again extended its deadline for deciding whether or not to permit Cboe Exchange to list options tied to Ether exchange-traded funds (ETFs).  The agency has given itself until May to make a final decision to approve or disapprove of Ether (ETH) ETF options trading on the US exchange, according to a Feb. 28 regulatory filing.  Cboe initially requested to list Ether ETF options in August 2024, but the SEC sought extra time to reach a decision in October.  The exchange is seeking…

Bitcoin rebounds to $84K — Analysts say BTC crash was ultimate buy signal

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Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding to market volatility as exchanges forcefully sold contracts. The $21,210 decline marked the largest seven-day drop in Bitcoin’s history. Despite the pullback, several Bitcoin analysts see this as a strong buying opportunity. They cite factors such as regulatory developments, sovereign fund exposure, onchain and technical signals, and increasing integration with traditional finance, including bank adoption…

BlackRock adds BTC ETF to $150B model portfolio product

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BlackRock, a global investment firm with $11.5 trillion in assets under management, has added its Bitcoin exchange-traded fund (ETF) to its model portfolio product, according to a Feb. 28 report from Bloomberg. Portfolios that allow for alternative assets will be able to put a 1%–2% allocation into the firm’s iShares Bitcoin ETF Trust (IBIT), potentially creating new demand for the exchange-traded fund. The 1%–2% allocation is due to Bitcoin’s (BTC) volatility, which the firm called a “reasonable range” in a paper authored by the BlackRock Investment Institute. Anything more would…

BlackRock adds Bitcoin ETF into model portfolios with a 1%-2% allocation

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Key Takeaways BlackRock has added the iShares Bitcoin Trust ETF to its model portfolios with a 1%-2% allocation. Bitcoin is seen as a diversification tool amid BlackRock’s broader portfolio strategy changes. Share this article BlackRock has incorporated the iShares Bitcoin Trust ETF (IBIT) into its model portfolios, allocating between 1% and 2%, as Bloomberg reported today. This move comes as the world’s largest asset manager adjusts its investment strategy, which includes reducing equity overweight positions and exposure to long-duration bonds. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX

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Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint…

NEAR AI and Coinbase join forces to make AI free and accessible for billions

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Key Takeaways NEAR AI and Coinbase launched the Open Agent Alliance to provide free AI services to over 5.5 billion web users. The alliance integrates AI and payment systems, prioritizing privacy and economic inclusivity. Share this article NEAR AI and Coinbase Onramp & Agent Kit launched the Open Agent Alliance (OAA), an initiative combining infrastructure to provide free AI services to over 5.5 billion web users globally. Introducing the Open Agents Alliance: a shared commitment to make the future of AI agents and assistants open, user-owned, and globally available to…