Litecoin increased by 46% between February 2 and February 19, demonstrating growing investor interest. Part of this growth comes from "its strong increase in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 days".
Litecoin had around $2.8 billion in daily transaction volume at the end of August, so current levels represent a 243% increase in five months. Additionally, LTC prices have doubled since early November, outperforming the overall cryptocurrency market, which has experienced gains of 42% during the same period. The Securities and Exchange Commission published a receipt on February 19 for a rule change for the listing of the CoinShares spot Litecoin ETF on Nasdaq.
For its part, the Litecoin ETF from Canary Capital was listed in the Depository Trust and Clearing Corporation (DTCC) system with the ticker LTCC on February 20.
The DTCC is a key piece of global financial markets and processes trillions of dollars in securities transactions every day, explained the Litecoin Foundation, which added: "It is a key preparatory step for the potential launch of the fund". Bloomberg ETF analyst Eric Balchunas warned that this does not mean the product is approved or ready to start trading, "but it shows that the issuer is making preparations for when it is." He added that analysts' odds of it being approved this year remain at 90%.
FTX was a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. It was the world's third-largest cryptocurrency exchange by volume, but collapsed in November 2022 after it was revealed that the company had been embezzling customer funds.
The collapse of FTX led to a sharp drop in the price of Bitcoin and other cryptocurrencies, and also damaged the industry as a whole. Sam Bankman-Fried, the founder of FTX, was arrested and charged with fraud. He is currently awaiting trial.
FTX has announced plans for upcoming repayments to creditors of the bankrupt cryptocurrency exchange after initiating its first round of repayments on February 18.
According to a February 18 announcement, the next distribution of refunds will take place on May 30, 2025, for holders of allowed claims from “Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims.” This includes customers who held assets on the platform when it collapsed and other creditors, such as vendors and business partners.
FTX’s next round of payouts requires creditors to have verified claims by the April 11 deadline to qualify for the distribution.
NEWS $BTC Leveraged long positions on Bitfinex have increased to $5.1 billion on February 19. This sharp increase has sparked speculation that whales are preparing for a bull market. The mystery surrounding this bullish move deepens as the BTC price has remained stable near $96,000 since February 5. Traders are wondering if this signals an upcoming bull run. Bitfinex traders are known for quickly opening or closing Bitcoin margin positions of $100. This suggests that whales and large arbitrage desks are active in the market. Currently, Bitcoin margin on Bitfinex has reached 54,595 BTC, the highest level in almost three months. This increase is largely due to the low annual interest rate of 0.44% offered on the platform.
Regardless of the reason behind these large margin long positions, lending markets are currently showing a strong bias towards bullish bets on BTC. The low cost of borrowing Bitcoin creates opportunities for market-neutral arbitrage, allowing traders to take advantage of low interest rates.
For comparison, the annualized funding rate for Bitcoin perpetual futures is 10%. This difference between margin and futures markets creates an opportunity for the ‘cash and carry’ strategy. In this strategy, traders buy Bitcoin on the spot market and sell BTC futures at the same time to profit from the price difference.
On February 19, the S&P 500 index hit an all-time high, while gold, another safe haven asset, rose to $2,930, approaching its record high. These moves indicate that investors are positioning for inflationary risks, reinforcing BTC's upside potential as the asset transitions from a speculative bet to a global hedge backed by sovereign wealth funds like Abu Dhabi's Mubadala.
Milei may now face the risk of impeachment, after Argentina's Chamber of Finance acknowledged that the case may be a rug pull. "This scandal, which embarrasses us on an international scale, forces us to launch a request for impeachment against the president," opposition lawmaker Leandro Santoro told Reuters, according to a report on Feb. 16. Following the token's collapse on Feb. 15, Milei issued a statement on X, noting that he was unaware of the details of the project when he backed it and that he has "no connection whatsoever" with the "private company" that launched the token. The Argentine president is now facing calls for his impeachment after backing the cryptocurrency project that collapsed in what analysts are calling a massive insider trading scam. The Libra token (LIBRA), originally from Solana, began its rally on Feb. 14, shortly after Milei posted about the project on X. Her now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “fostering the growth of the Argentine economy.” The Libra token briefly rose to a peak market cap of $4.56 billion at 10:30 p.m. UTC on Feb. 14 before falling more than 94% to a market cap of $257 million in just 11 hours since the token debuted for trading on decentralized exchanges, according to data from Dexscreener. Despite Milei removing her initial endorsement, at least eight internal wallets linked to the Libra team managed to cash out more than $107 million in liquidity. Insider wallets began withdrawing the token just three hours after its debut on the exchange, causing it to drop by more than 94%, according to data shared by Kobeissi Letter.
#Sininversion It's been about 5 months since I last had 3 usdt and now here we are increasing the assets getting closer to getting BNB BTC ETH SOL and also with this it is confirmed that you can start with zero investment, now it's time to make operations and grow although after this it depends on each one how good they are at analyzing and recognizing trends, supports and resistances, reading candles and applying strategies adding technical and fundamental analysis. I encourage those who are starting to participate in the campaigns until they have the amount to operate either in spot and futures but first give a study to the aforementioned, good luck to everyone
ANALYSIS OF LTC AND XRP ETF: James Seyffart and Eric Balchunas evaluated the likelihood that the SEC will approve several ETF products and stated that a Litecoin ETF is the most likely, but after some predictions, they believe that Dogecoin has a higher chance of approval than Solana or XRP because the SEC will view the memecoin as a commodity. Either way, they expect more clarity and actions from the SEC soon.
“The significant implications/expectations in these probabilities are that: 1. The filings will be recognized. Probably this week for XRP and Dogecoin. 2. The SEC and the crypto task force of Commissioner Peirce will unravel some of the security vs commodity implications of the lawsuits by the end of 2025,” said Seyffart.
Since former Chairman Gary Gensler left the SEC, there has been an increase in new ETF applications. Several new companies are ramping up their efforts to win some popular ETFs, but there are newcomers. For example, Bitwise filed one for Dogecoin, trying to create the first memecoin ETF. Additionally, Seyffart noted that the SEC still has a legal battle with Ripple, hindering the odds of an XRP ETF. The entire lawsuit is based on whether XRP is a security or a commodity. So, until it is officially decided, XRP ETFs could be less likely.
Can XRP break its all-time high? ANALYSIS XRP has remained since it nearly reached 4 dollars and has not returned to this price level since January 2018. However, the altcoin has been one of the best performers in this cycle, and this all-time high may not hold for long. In a recent rally, the cryptocurrency rose to 3.36 dollars, only to face strong rejection from the bearish resistance just before opening new paths. In recent hours, a bullish momentum has returned to XRP, with the crypto now recovering the price level of 2.5 dollars. This bullish momentum comes after a 7-day range consolidation between the resistance at 2.5 dollars and the support at 2.3 dollars. Despite this price consolidation, technical analysis shows that XRP is still trading in a bullish setup, especially in the daily candle timeframe. Technical analysis indicates that the cryptocurrency is on the verge of a maximum increase in the coming weeks. Technical indicators play a crucial role in this outlook, which is currently bullish, despite the recent price drop. One of those technical indicators is the Relative Strength Index (RSI) that measures momentum in price movements, which is showing a bullish divergence on the daily timeframe. This occurs when the RSI makes higher lows while the price action makes lower lows, which is a signal of upward reversal. Additionally, XRP has managed to stay above the strong support of 2 usd. The ability to remain above support means that the recent selling pressure was not a weakness in XRP's price as many expect, but rather just a consequence of a broader decline across the cryptocurrency market. With the bullish structure intact and selling pressure seemingly decreasing, the asset remains in a strong position for renewed upside, with a target of 5usd.
The price of BNB seeks a new rebound After a considerable increase, the price of BNB struggled to stabilize above the level of 620 dollars. It began a pullback from the high of 619 dollars, like Ethereum and Bitcoin. There was a drop below the support zone of 600 dollars. The price even fell below the level of 580 dollars. A low was formed at 559 dollars and the price recently started a decent recovery wave. There was a move above the level of 570 dollars. The price rose above the 23.6% Fibonacci retracement level of the downward movement from the swing high of 619 dollars to the low of 559 dollars. There was a breakout above a key downtrend line with resistance at 578 dollars on the hourly chart of the BNB/USD pair. The price is now trading between 620 dollars. If there is a new increase, the price could face resistance near the level of 640 dollars or the 50% Fibonacci retracement level of the downward movement from the swing high of 648 dollars to the low of 596 dollars. The next resistance is near the level of 620 dollars. A clear move above the 620 dollar zone could drive the price up.
could be the best cryptocurrency to buy now, despite market volatility always providing a deep analysis and investing only the necessary amount that you can afford to lose. Although the price of this new token is currently dropping, it initially increased by 350% due to its inclusion in Binance's 'Binance Alpha'. TEST: the test cryptocurrency that has just been included in Binance could turn out to be a potential memecoin depending on how it develops. Ultimately, the world of cryptocurrencies never ceases to amaze us. One of the latest events to do so has been related to the new token: Test ($TST ). It all began surprisingly with a tutorial video from the BNB Chain team. This tutorial was designed to demonstrate how meme coins can be issued on the Four platform. However, although in the tutorial video $TST was simply a demonstration token, a mistake caused it to capture everyone's attention as a future investment. Unintentionally, the creators of the tutorial exposed the contract address of $TST . It just so happened that those who watched the video saw real potential in the project.
The community's enthusiasm erupted like a volcanic explosion. And indeed, market attention for TST skyrocketed quickly. Perhaps that's why many think it could be one of the best cryptocurrency projects. However, the CEO clarified that TST is not a project officially backed by Binance. Despite this, its market valuation already exceeds 177.9 million dollars. And even more: the trading volume has increased by 40.77% in the last 24 hours. TEST THE TOKEN MORAL: EVERY CREATION HAS VALUE IF WE PAY ATTENTION TO IT, REGARDLESS OF IF IT WAS MADE FOR OTHER PURPOSES...
#AltcoinRevolution2028 Altcoins and their revolutionary potential by 2028: What are Altcoins and why are they important?
Beyond Bitcoin: Altcoins are alternative cryptocurrencies to Bitcoin. They were created with the aim of improving or complementing the characteristics of Bitcoin, such as faster transaction speeds, lower energy consumption, more specific functionalities (smart contracts, DeFi, etc.) or simply to offer greater diversity in the market. An ever-evolving ecosystem: There are thousands of altcoins, each with its own unique features and projects behind them. This diversity is what drives innovation in the cryptocurrency space and allows them to adapt to different needs and use cases.
#AlcoinRevolution2028 ALTCOINS $ETH $XRP ...+ As the crypto market rises, altcoins begin to gain strength
Rekt Capital's analysis aligns with the expectations of investors who eagerly anticipate the arrival of altcoin season. The relatively small pullback from the resistance level of 425 billion dollars strengthens the argument that this altcoin season could develop better than in the previous two cycles. Cryptocurrency analysts like Rekt Capital fervently anticipate that an altcoin season will come into play, where profits in Bitcoin begin to shift to altcoins and the altcoin market outperforms Bitcoin. In another analysis, Rekt Capital noted a recent rejection of Bitcoin dominance around 64%. However, it did observe that history shows that rejections around 64% are mostly temporary, and the actual rejection is around 71%. When Bitcoin dominance reaches here, a repeat of history could lead to a harsh rejection in an altcoin season that defines the cycle.
For now, Bitcoin dominance remains strong and an all-out altcoin season has not yet materialized. Analysts like Benjamin Cowen suggest that the anticipated altcoin season may be on pause, with Bitcoin continuing to absorb most of the market liquidity. Until dominance shows a clearer reversal, altcoin investors should wait a little longer as situations unfold regarding this as we mentioned before...
NEWS $BTC #BitcoinWhaleMove INVESTOR BEHAVIOR ACCUMULATION AND MASS SELL-OFF
This week Bitcoin fell to 91,000 USD on Monday amid concerns about a possible trade war between the U.S., Canada, Mexico, and China. Although BTC soon briefly rose above 102,000, it is currently trading at 96,000. According to Glassnode, retail investors in BTC are accumulating 10,627 BTC daily and are on an accumulation wave since mid-December. These small investors are buying Bitcoin at an accelerated average rate of 10,627 BTC per day, representing a 72% increase compared to last year's daily average of 6,177. This aggressive buying marks a stark contrast to their behavior in November when they chose to take profits as Bitcoin surpassed 100,000 dollars. However, their renewed accumulation despite BTC's issues since December suggests strong confidence in the long-term profitability of the asset.
On the other hand, BTC whales are offloading their assets. Since November 24, these large investors have been moving Bitcoin to exchanges at an alarming average rate of 32,509 per day, suggesting a possible nine-fold increase in selling pressure compared to the annual average of BTC. Generally, a large mass sell-off by market whales is a bearish signal. However, the Bitcoin community remains optimistic, as a significant portion of the offloading by market whales can be attributed to profit-taking rather than a loss of confidence. Additionally, the recent increase in accumulation by retail investors has served as a supply absorber, mitigating potential drastic price declines. Although BTC is struggling to find some stability, retail investors need to maintain their current demand level, which is crucial to sustaining the bullish structure of the asset.
#CRIPTOMONEDASPOTENCIALES MEMECOINS WITH POTENTIAL RETURNS THE FOLLOWING LIST SHOWS THEIR CHARACTERISTICS
Solaxy ($SOLX): attractive meme and real utility. It offers a brilliant combination as the first Layer 2 solution on Solana, $SOLX aims to enhance the network by ensuring transactions are executed more reliably, quickly, and cost-effectively, all aspects that Layer 1 chains on Solana have been struggling with. Another unique aspect is that it is a MULTI-CHAIN token. It connects two of the most active cryptocurrency ecosystems (Ethereum and Solana). This will not only result in a large user base but will also offer the best of both worlds, namely Ethereum's liquidity and Solana's speed.
MIND of Pepe ($MIND): cryptocurrency AI that provides actionable market insights. It is an autonomous entity powered by AI that scans the market and offers early-stage cryptocurrency investment opportunities to token holders. And it is constantly evolving, meaning that once it has more information circulating online, it can drive conversations and trends.
Meme Index ($MEMEX): cryptocurrency project for first-time investors. It offers different baskets of meme coins, each with varying degrees of risk, profit potential, and volatility.
Dogecoin $DOGE with Elon Musk planning to integrate this cryptocurrency into the payment platform of X.
OFFICIAL TRUMP $TRUMP meme coin of the President of the United States.
One of the basic rules of investing is to keep emotions out of it.
Despite the potential of the aforementioned cryptocurrencies, keep in mind that the cryptocurrency market is prone to violent ups and downs, so you should only invest an amount you are willing to lose. Additionally, none of the above substitutes for financial advice, and you should conduct your own research before making any type of investment.
Missouri Rep. Ben Keathly has introduced a bill proposing the creation of a $$BTC Strategic Reserve Fund.
Such a fund would be under the control of the Missouri state treasurer, who would have the power to buy, invest, and hold $$BTC using state money.
Missouri's plan is to diversify the state's investment portfolio. In addition to accepting donations and gifts, as well as taxes (including fees and fines) on cryptocurrencies, Keathly also wants Missouri to pursue a HODL strategy for $BTC .
Another US state that has taken a big step toward cryptocurrency adoption is Kentucky, which has introduced new legislation authorizing an investment of up to 10% of excess state reserves in Bitcoin and other digital assets. In doing so, Kentucky has officially become the 16th US state to have shown interest in and/or introduced legislation for Bitcoin reserves.
The actual quotation on the national exchanges was delayed by approximately 1 hour and 30 minutes compared to Binance, which generated controversy. Some argue that foreign funds were intentionally "dumped" onto domestic investors. At the beginning of the quotation, the BERA token was traded at $15.5, but due to profit-taking, it is currently trading at around $7.7.
The funding status of Berachain shows that the funding rate of BERA on major centralized exchanges has recorded historically negative levels. Binance shows a funding rate of -2.400%.
Berachain plans to support custody, messaging protocols, cross-chain bridging, and data availability solutions, which will further enhance DeFi services.
#AICrashOrComeback AI TOKENS HAVE DROPPED BY UP TO 90% SINCE THE PEAKS OF 2024
Tokens linked to artificial intelligence agents have fallen by up to 90% since the peaks of 2024, according to data from CoinGecko. The main AI agency platforms including AI Rig Complex (ARC), ElizaOS (AI16Z), and Virtuals (VIRTUAL) have lost between approximately 75% and 90% of their market capitalization since January, according to CoinGecko data. AI agency tokens, which recorded massive gains in the fourth quarter of 2024, are among the biggest losers in the cryptocurrency market downturn that began in January. The total market capitalization of cryptocurrencies has fallen nearly 16% since the January highs, according to CoinGecko. “Looking at the charts of ai16z, $arc, and even Fartcoin, it is clear that the trend has been downward, and many believe that these tokens may never recover to previous levels,” said Elon Money, a trader and cryptocurrency researcher, in a post on February 6 on the X platform. Fartcoin, a memecoin related to AI and one of the most followed tokens in 2024, dropped around 65% in the last 30 days, with a market capitalization of approximately 430 million dollars as of February 6, according to CoinGecko. Overall, AI agent tokens have collectively fallen by 40% or more, down to approximately 6 billion dollars from peaks of over 10 billion dollars, according to CoinGecko.
On January 18, Trump launched his official memecoin TRUMP (TRUMP), which soared to about 80 billion dollars in market capitalization on the first day of its launch. Cryptocurrency traders say that TRUMP absorbed liquidity and attention from other new tokens, including memecoins and AI agency tokens. “The reason for the strong sell-off of AI tokens is clearly narrative in nature, meaning that liquidity is leaving,” said Crypto Stream, a cryptocurrency researcher, in a post on X on January 31.
BITCOIN could reach $500,000 by 2028, according to analyst
NEWS $BTC In a recent client note, Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicted that Bitcoin (BTC) could rise to $500,000 by the end of 2028. The executive attributed the extraordinary potential price increase of BTC to two main factors.
Factors driving BTC price
While 2024 was a historic year for the world's largest cryptocurrency (in which it reached multiple all-time highs (ATH) and surpassed $100,000 for the first time), 2025 has experienced more moderate price action. Since January 1, BTC has risen from around $94,000 to $98,486 as of February 5.