Crypto News
Bitcoin Could Drop to $86K as Demand, Network Activity Falter: CryptoQuant
Bitcoin (BTC) quickly bounced back from the Tuesday dip to $93,000, but downside pressure still persists risking a deeper pullback to $86,000, CryptoQuant analysts said. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that could drag BTC lower, the report said.Demand for bitcoin, which picked up in late 2024 amid optimism over easing regulatory headwinds on Trump's election win, is now retreating. CryptoQuant data shows that demand growth slumped to 70,000 BTC recently from the 279,000 BTC peak on December 4. Inflows to spot BTC exchange-traded funds (ETF), a typical occurrence during bitcoin’s previous rallies, have disappeared, booking regular net outflows over the past two weeks after previously seeing as much as...
Mark Cuban Shelves Meme Coin Plans: ‘A Lot Has to Change’
The billionaire, who has publicly mulled launching his own token, is backing away after a chaotic week for meme coins.Source link
Binance US Resumes USD Deposits and Withdrawals Following Regulatory Halt
Binance US has restored U.S. dollar deposit and withdrawal services for eligible customers as of Feb. 19, 2025, nearly two years after suspending the feature amid regulatory scrutiny of its parent company. Binance US Reinstates USD Services The crypto trading platform announced Wednesday that USD services, including bank transfers (ACH), will roll out gradually toSource link
Crypto Industry Asks Congress to Scrap IRS’s DeFi Broker Rule
Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax policy they say could jeopardize decentralized finance (DeFi) technology by shoehorning much of that space into the field of brokers subject to data collecting and reporting.The Internal Revenue Service — the U.S. Treasury Department's tax arm — pushed through a key digital assets broker rule between Christmas and New Year's, just days before President Donald Trump's administration was set to arrive. It was meant to institute similar information-reporting demands on DeFi brokers as would be faced by securities brokers and exchanges.Recently approved rules can be erased under the Congressional Review Act, and Senator Ted Cruz, the Texas Republican, introduced...
Telegram Game ‘Zoo’ Begins Airdrop Claim Ahead of TON Token Launch
After ending its mining phase, popular Telegram game Zoo has opened up airdrop claims ahead of its token launch on The Open Network (TON).Source link