Author: Sahil Poudel

Ethereum Foundation Moves 45,000 ETH to DeFi Instead of Selling

Summary: Breaking abruptly from its previous policy, the Ethereum Foundation (EF) has sent 45,000 ETH to the leading DeFi platforms. Rather than selling it outright, the action is meant to support the DeFi community without having any impact on Ethereum’s market stability.

The Ethereum Foundation has allocated 10,000 ETH to Spark, 10,000 ETH to Aave Prime, 20,800 ETH to Aave Core, and 4,200 ETH to Compound Finance. In total, this amounts to roughly $117.62 million based on today’s ETH price of $2,613.68.

YOU MIGHT ALSO LIKE: PancakeSwap’s CAKE Surges 60% – Here’s What’s Fueling the Rally

The decision comes following strong criticism from the community after the foundation sold 4,000 ETH straight out in January of this year. The majority grumbled that this sale would negatively impact the price of Ethereum and render the market unstable.

By putting money into DeFi early, EF is betting on decentralized finance and ongoing to gain a return without tampering with market volatility. This also helps the liquidity of protocols like Aave and Compound, which works to perpetuate the DeFi ecosystem.

YOU MIGHT ALSO LIKE: XRP Eyes $8 Amid ETF Approval Hype – Will It Finally Break Out?

The move has been embraced by the Ethereum community because it is consistent with a model of sustainability of managing the treasury of the foundation. Instead of selling ETH in exchange for cash, EF is now effectively investing in the ecosystem that it founded, thus demonstrating its commitment to long-term Ethereum building and construction.

OpenSea Launching $SEA Token and Expanding into Crypto Trading

Summary: OpenSea, the largest marketplace for NFTs, is thinking big by launching its own token, $SEA, and expanding into crypto trading with the new OS2 platform. That is a substantial expansion from dealing only in NFTs to a full digital asset trading platform.

OpenSea did an airdrop and unveiling of its $SEA token and the introduction of OS2, a revolutionary platform that would make trading digital assets easier. OpenSea will henceforth no longer be concentrating only on NFTs but will also be venturing into other cryptos being traded.

YOU MIGHT ALSO LIKE: Spiko Introduces Tokenized T-Bills on Etherlink Layer 2

According to OpenSea’s CEO, Devin Finzer, OS2 has been tested by a group of early users to ensure speed, reliability, and ease of use. He believes that NFTs and tokens belong together in one place, and OS2 is designed to provide that experience.

The platform features several new features, including improved search and discovery, token swapping natively, cross-chain purchases, and real-time analytics. OpenSea users will be allowed to buy and sell NFTs and cryptocurrencies across different blockchains without bridging their assets manually.

YOU MIGHT ALSO LIKE: HTX Delists PI Coin and Suspends Trading Before Mainnet Launch

The OpenSea Foundation has made the announcement that the $SEA token will be a core component of the ecosystem, rewarding users and boosting engagement. While no release date has been specified, the token will reward regular users and make OpenSea one of the leading platforms in the crypto space.

XRP Eyes $8 Amid ETF Approval Hype – Will It Finally Break Out?

Summary: XRP is gaining momentum as excitement around a potential ETF approval gains momentum. Analysts are predicting that if the ETF is approved, XRP can reach $8. Traders are hopeful, but technical analysis indicates both potential for upside and danger of reversal.

XRP has been climbing the last few months on speculation mostly stemming from its SEC court fight closing in on resolution. And with XRP ETF negotiations gaining momentum now, the next great action is expected. Experts point out that approval for an ETF may send XRP to $8, but only time will tell.

YOU MIGHT ALSO LIKE: World Liberty Financial Snaps Up $5M in ETH During Market Dip

Despite a rocky February beginning, XRP has appreciated 2% in the last 24 hours, rebounding 8% from its lowest point of $2.26 on February 7. The RSI is at 41.95, which suggests possible room for an upside move. CoinsKid, one of the leading analysts, believes that XRP is on the verge of ending a wave correction phase, which will lead to a parabolic rise. They also warn that pullbacks can occur to levels of $0.82 or even $0.388.

YOU MIGHT ALSO LIKE: XRP Stuck at $2.5—When Will It Break Out?

In the meantime, FOX Business journalist Eleanor Terrett pointed out that the SEC could approve Grayscale’s XRP ETF application by February 13. With approval, it could trigger a huge breakout. As hopes rose, everyone awaits the SEC’s next step.

World Liberty Financial Snaps Up $5M in ETH During Market Dip

According to blockchain analytics firm Spot On Chain, the Trump-backed DeFi project, World Liberty Financial (WLFI), just scooped up another 1,917 ETH—worth around $5 million—on February 11.

On-chain data reveals that this latest move pushes WLFI’s total portfolio to a whopping $96.72 million, with over $48 million in ETH alone. In spite of market being volatile, WLFI is still stacking ETH and showcasing a strong and long term confidence and belief in Ethereum’s future.

YOU MIGHT ALSO LIKE: XRP Stuck at $2.5—When Will It Break Out?

Since the start of the year, WLFI has been aggressively accumulating ETH and other crypto assets, now holding a total of 18,549 ETH valued at $48.7 million. This strategy of consistently buying does give a hint of a potential bullish outlook on Ethereum, even of the price is fluctuating. WLFI also announced “Macro Strategy” today its new strategic token reserve aimed at strengthening its foothold in the crypto world.

YOU MIGHT ALSO LIKE: TRON Just Hit 125M Users—What Does It Mean for TRX?

“This steady accumulation from WLFI is great for ETH in the long run. If other institutional investors jump in, we could see Ethereum cross $4,000 soon,” a top crypto analyst shared.

Ethereum is already a hot topic, thanks to increased gas limits, the upcoming Pectra upgrade, and growing debates around leadership changes in the Ethereum Foundation.

XRP Stuck at $2.5—When Will It Break Out?

XRP has been trying to smash past the $2.5 resistance for over a week, but no luck so far. Despite major banking adoption and positive regulations worldwide pushing it past $1, the explosive rally investors are hoping for hasn’t kicked in yet.

Many believed February would be XRP’s breakout month, with predictions flying around that it could surge to $5 or even $10. But on Feb 3, the market took a dive, dragging XRP down from $3 to $2.1 in just hours.

YOU MIGHT ALSO LIKE: Canary’s Solana ETF Advances in SEC Review Process

A brief relief rally on Feb 4 saw XRP spike to $2.7, but that didn’t last long. The price fell back to $2.2 within two days, and since then, XRP hasn’t managed to break through $2.5. Right now, it’s hovering around $2.38.

Adding to the hype, ChatGPT even predicted XRP could hit $10-$50 if ETFs get approved. Some analysts are more conservative but still see XRP flying past $30 if conditions align.

YOU MIGHT ALSO LIKE: Pump.fun Sees Surge of Fake Beer Biceps Memecoins Amid Ongoing Controversy

So, when will XRP finally smash through $2.5? The hype is strong, but the risk is real—if it fails to gain momentum, a dip back to $2 isn’t off the table. At this point, it’s a waiting game to see if XRP’s next move is up or down.

TRON Just Hit 125M Users—What Does It Mean for TRX?

Summary: TRON (TRX) just passed a huge milestone—125 million active users. That’s not just a flex; it means more people are using the network, and that could push TRX prices even higher. The hype is already showing, with TRX jumping 3.5% in just a few hours after the news dropped. But is this just a short-term pump, or is something bigger brewing?

TRON’s price hit 0.243, with a daily trading volume of 2.3 billion. More active wallets usually mean more demand, and traders are paying attention. TRX/BTC volume spiked 15%, while TRX/ETH volume saw a 12% jump on Binance.

YOU MIGHT ALSO LIKE: Canary’s Solana ETF Advances in SEC Review Process

Data on On-chain also shows a 10% rise in active address which further proves that the network we’re talking about isn’t just growing mindlessly but also getting used. Meanwhile, technical indicators are flashing green. The RSI is at 68, meaning TRX isn’t overbought yet, and the MACD just flipped bullish, hinting at more room to run.

YOU MIGHT ALSO LIKE: Pump.fun Sees Surge of Fake Beer Biceps Memecoins Amid Ongoing Controversy

Even bigger? TRX/USD trading volume on Binance and Coinbase exploded 20%, hitting 400 million within hours. If this momentum holds, TRX could be setting up for an even bigger rally. Traders, keep your eyes peeled—this might just be the start.

Litecoin Goes Wild! 🚀 Will the SEC Approve an ETF Soon?

Summary: Litecoin is making waves, pumping over 13% in just 24 hours, all thanks to fresh speculation about a potential spot ETF approval with key regulatory filings already in motion and analysts hyping up the odds, investors are diving in, pushing trading volume and market cap to new heights. But will the SEC finally give LTC the green light?

Litecoin (LTC) just pulled off a crazy 13% surge, shooting up to $129.39, and it’s got the crypto world buzzing. The reason? People think a Litecoin spot ETF might actually get the go-ahead, possibly in 2025.

YOU MIGHT ALSO LIKE: Pi Coin Market Cap Crashes to $0 on CoinMarketCap – Glitch or Disaster?

Bloomberg analysts are saying the odds of an LTC ETF are looking way better than most other crypto funds. That’s because, unlike some tokens that get tangled in SEC drama, Litecoin is considered a commodity, not a security. With key forms like the S-1 and 19b-4 already in the mix, things might be lining up perfectly for approval.

On the market side, Litecoin trading volume went absolutely nuts, spiking 91.3 to hit $1.89 billion in just two hours. The market cap? Up 13.19% to $9.77 billion, showing investors are all in on the hype.

YOU MIGHT ALSO LIKE: USDT Transfers on Ethereum Become Cheaper Than on Tron

The SEC has been super slow on crypto ETFs, but if they finally ease up, Litecoin could be next in line. If that happens, big money could start flowing in, sending LTC prices soaring even higher. Now, it’s just a waiting game to see if the SEC will play ball.

Pi Coin Market Cap Crashes to $0 on CoinMarketCap – Glitch or Disaster?

Summary: The market cap of Pi Coin’s IOU has recently zeroed out on ComCoinMarketCap, puzzling the Pi community immensely. Although no one is sure what the actual cause is, many think of it as a technical issue. Regardless of this drop, it still has a Fully Diluted Valuation (FDV) of 3.51 billion. This allows for some semblance of optimism for a potential official release.

There is considerable turbulence even before the official release of Pi Coin’s IOU version. The market cap value on CoinMarketCap has dramatically declined to zero, which has raised a lot of concern among Pi holders. The Pi community, which was anticipating the big launch in Q1 this year, is now confused about the sudden drop. While some believe this to be a technical glitch on CoinMarketCap, many others are worried about the underlying factors.

YOU MIGHT ALSO LIKE: USDT Transfers on Ethereum Become Cheaper Than on Tron

Fortunately, there is some positive news Pi is still garnering interest. The FDV continues to hold its place at $3.51 billion. In addition to this, the token has been active recently, increasing from $40 to $51.7. That is a 30% increase in under a week. Most of this trading activity is occurring on BitMart, which accounts for approximately 75% of the trades, while HTX comes in second with 25%. However, the price on HTX is significantly lower.

YOU MIGHT ALSO LIKE: North Carolina Joins 19 States in Proposing Bitcoin Reserves

At the moment, the Pi family is staying put and waiting to understand if this market cap issue is something deeper than just a glitch.

Binance Claps Back at Reserve FUD: No Assets Sold

Binance just shut down the latest rumors about it secretly dumping assets after reports surfaced of a major drop in its reserves. The exchange made it clear—no assets were sold, and user funds are still locked up safe and sound.

According to data, Binance’s reserves at the end of January 2025 included 2,746 BTC, 275 million USDT, 174 ETH, and 4,179 SOL. But compared to December 2024—when it reportedly held 46,896 BTC, 2.99 billion USDT, 216,312 ETH, and 442,234 SOL—it looks like there’s been an $8 billion drop, setting off alarm bells.

YOU MIGHT ALSO LIKE: Poland’s Central Bank Says ‘Hard Pass’ to Bitcoin: Stability Over Crypto Volatility 

Binance isn’t having it. The team says these fluctuations aren’t because of asset sales but internal treasury management. In other words, they’re just moving money around behind the scenes, not cashing out. They also reminded everyone that user assets are fully backed and protected by the Secure Asset Fund for Users (SAFU)—a fund created just for emergencies.

YOU MIGHT ALSO LIKE: XRP Takes a Dip: ETF Hype Can’t Stop the FUD as Investors Stay Wary 

Plus, Binance’s Proof of Reserves system supposedly ensures everything is backed 1:1, meaning users can withdraw their money whenever they want. Even though Binance insists there’s nothing shady going on, crypto traders and analysts are keeping an eye out for any more unexpected moves.

Poland’s Central Bank Says ‘Hard Pass’ to Bitcoin: Stability Over Crypto Volatility 

Summary: The central bank of Poland has doubled down on its rejection of Bitcoin for reserve assets, citing volatility, security risks, and lack of stability. According to NBP President Adam Glapiński, reserves must be “absolutely secure,” and he favors gold, USD, and euros. Despite crypto’s global rise, Poland remains cautious, sticking to traditional assets.

In fact, Glapiński recently told a press conference that Bitcoin is out of the question for Poland’s reserves. “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure,” he said, according to the Warsaw Business Journal. He cited Bitcoin’s unpredictable price swings and lack of central backing as deal-breakers for the country’s financial strategy.

YOU MIGHT ALSO LIKE: Global Crackdown: Countries Ban Chinese AI DeepSeek

Poland’s gold reserves, currently at EUR 217.1 billion (USD 225.4 billion) as of January 2025, are in the form of gold, U.S. dollars, and euros. Glapiński lauded the timing of Poland’s gold purchases as the value is going up in economic uncertainty.

The skepticism of the NBP is not new-it warned about crypto risks, such as theft and volatility, back in 2017. The bank repeated that cryptocurrencies are not supported by any central authority and do not constitute legal tender. While some in the crypto community criticize the move, Poland insists it’s all about risk management and long-term stability.

YOU MIGHT ALSO LIKE: Law Firms Take Legal Action Against Pump.fun for Misusing Memecoins and Logos

TL;DR: Poland’s Central Bank is not investing in Bitcoin, instead continuing to rely on gold and more traditional currencies as a hedge.

Exit mobile version