Crypto News

Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb. 3Source link

The world's largest asset management firm with more than $10 trillion in AUM, Blackrock (BLK) plans on listing a bitcoin exchange traded product (ETP) in Europe, Bloomberg reported on Wednesday.The fund would be based in Switzerland and BlackRock could start marketing it as soon as this month, according to the report.This would be the giant asset manager's first crypto-linked ETP outside of America. Blackrock's U.S.-based iShares Bitcoin ETF (IBIT) has been a wild success, accumulating nearly $60 billion in assets in just more than one year since opening for business.BlackRock's move would be the latest in a string of investment firms looking to dive further into providing crypto-backed securities in Europe. Kraken recently secured a license that will enable it...

As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business.Travis Hill, the acting FDIC chairman tapped by President Donald Trump, has thrown open more of the agency's past documents and said the U.S. banking regulator will be reconsidering its previous crypto guidance that deliberately kept banks an arm's length away from what had been seen as the unregulated volatility of crypto. The past letters between the FDIC and bank have been the focus of a court Freedom of Information Act battle...

BTC lower despite Sacks call for crypto ‘golden age’. BTC excellent store of value: Sacks. Senate sees stablecoin bill introduced. FTX payouts to begin on Feb 18. SEC to dial down crypto oversight. People can buy tokens at their own risk: SEC. Regulation by enforcement is out at CFTC: Pham. ETH/BTC at 5-year low, supply above Merge levels. XRP ledger back online after 1hr network halt. Ohio senator introduces state’s 2nd BTC reserve bill. South Dakota may be first to get BTC reserve. $1.25bn more stables printed by Tether & Circle. Semler Scientific buys $88.5m BTC. Sol Strategies buys $41m SOL. Ondo Finance launches treasury RWA platform. Bullish Global plans IPO.Source link

XRP currently trades at $2.43 to $2.46 over the last sixty minutes, down 6.4% over the past day, with a market capitalization of $142 billion, a global trade volume of $7.93 billion, and a 24-hour intraday range of $2.44 to $2.70, reflecting persistent bearish pressure in the market. XRP XRP’s 1-hour chart reveals a challengeSource link