Tag: Cryptocurrency

Nayib Bukele and Michael Saylor Meet in El Salvador, Discuss Bitcoin’s Future

Summary: El Salvador’s President Nayib Bukele met with MicroStrategy’s Michael Saylor at the presidential palace. While details of their discussion remain private, both are known Bitcoin advocates. Their meeting coincides with El Salvador adding another Bitcoin to its reserves, now totaling 6,077 BTC.

El Salvador President Nayib Bukele received MicroStrategy co-founder Michael Saylor for a meeting at the presidential palace on Tuesday. The country’s National Bitcoin Office confirmed the visit, but did not offer details. Both of them being Bitcoin enthusiasts, discussion was likely centered on worldwide acceptance, regulations, and investment strategies.

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Both Saylor and Bukele posted pictures of their conversation, with Saylor hinting that El Salvador could be a force pushing forward the acceleration of Bitcoin adoption worldwide. The timing of their meeting is interesting, coming as it does after El Salvador just bought another Bitcoin to join its national reserves, its holdings now totaling 6,077 BTC—equivalent to about $590 million at present prices. In turn, MicroStrategy has also increased its holdings, purchasing 7,633 BTC and adding up to 478,740 BTC, which is more than $46 billion. Despite its pro-Bitcoin policy, El Salvador had to compromise on some policies in order to qualify for a $1.4 billion loan from the International Monetary Fund (IMF), which warned against monetary risks tied to the country’s crypto approach. Under these restrictions, the discussion between Bukele and Saylor might have included regulation problems, investment opportunities, and Bitcoin payment possibilities in El Salvador.

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Near Protocol Ex-Employee Accidentally Leaks Nudes on Livestream, Apologizes to Girlfriend

Summary: A former Near Protocol employee, Andrew Krynin, accidentally displayed nude images while screen sharing on a public livestream. The incident quickly went viral, causing Near Protocol’s token (NEAR) to spike 7% to $3.50. Krynin later issued an apology first joking about memecoins before finally addressing his girlfriend.

Andrew Krynin, a former business development manager at Near Protocol, had an unexpected mishap during a livestream. While sharing his screen with Near core contributor Cameron Dennis, Krynin accidentally revealed saved nude images. Realizing the mistake, he reacted with a stunned “God damn it” before cutting the feed within seconds.

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Clips of the incident spread rapidly on X, sparking memes and conversations. Oddly enough, Near Protocol’s native token, NEAR, saw a 7% price boost, climbing to $3.50.

Following the mishap, the official Near Protocol account issued an apology, stating that they took full responsibility and removed the video from their platform. Meanwhile, the crypto community weighed in, with one user humorously advising, “Use one laptop for personal stuff and another for work and crypto. Keep your private keys and other things secure.”

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Krynin had two responses. Initially, he joked that if people were launching memecoins about the incident, they should at least share some profits so he could fund a Valentine’s Day peace offering. Hours later, he switched to a more personal tone, apologizing solely to his girlfriend, calling himself an idiot but reassuring everyone that she’s a “10” and that he “always slays.”

Bitcoin Pushes Toward $100K as TRUMP Memecoin Surges 40%

Summary: Bitcoin continues to rise, trading in excess of $98,000 with hopes of reaching six figures soon. Meanwhile, the memecoins are making waves, with TRUMP rising 40% to trade in excess of $20. XRP is also making a robust recovery, rising 10% in the previous 24 hours.

Bitcoin is heading in an uptrend trend to a high of $98,600 following the increase by 4.36% from its weekly low of $94,500 on 12th of this month. The market players are attempting to shatter the $100,000 benchmark with consistent trend as the weekend looms ahead.

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Beyond Bitcoin, the memecoin space is hot. DOGE, WIF, and PNUT have all gained 6%, 13%, and 15% respectively. But the real winner here is Donald Trump’s very own TRUMP token, which has increased by over 40% and is now trading just under $21—its highest level since the initial round of mania.”.

XRP is also higher by 10% over the last 24 hours and 17% over the last seven days. MANTRA (OM) is also a top gainer with a 39% rise, followed by XDC with an 11% rise, and WIF with a 10% rise.

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According to CoinMarketCap, the total crypto market cap stands at $3.24 trillion at the moment and has experienced a daily trading volume of $106 billion. With Bitcoin growing stronger and memecoins being popular, the weekend could witness even higher volatility in the market.

CZ Warns Against Memecoins, Deletes Tweet After Backlash

Summary: Binance founder CZ warned investors against memecoins, advising them to stay away if they can’t handle volatility. His tweet came after a surge of “Broccoli” tokens inspired by his pet dog. CZ later deleted the post, saying his words were being misinterpreted.

Binance founder and former CEO Changpeng Zhao (CZ) briefly warned traders to “not touch memecoins” unless they could handle extreme volatility. However, he later deleted the tweet, explaining that people tend to overanalyze his posts.

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Over the past few days, CZ has been engaging with followers on X, trying to understand the memecoin craze. In a playful exchange, he promised to share pictures of his pet dog, Broccoli. His followers responded by launching multiple “Broccoli” memecoins on Binance Smart Chain (BSC), which collectively hit a $200 million market cap in under 12 hours.

Addressing the frenzy, CZ tweeted that while many claim to love memes, they are often just looking for quick-profit signals—something he doesn’t provide. He also pointed out that the memecoin scene on BSC is still underdeveloped, with platforms facing performance issues.

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He noted that six Broccoli-inspired tokens had already surpassed $200 million in market cap but stopped short of saying whether that was a good or bad thing. Instead, he urged traders to practice risk management.

CZ later deleted his tweet, replacing it with another stating that people often misinterpret his words in different ways.

Solana Crypto Bridge Volume Soars to $10.1B in 2025, Up 114%

Summary: Solana’s crypto bridges have seen a massive surge in activity, reaching $10.1 billion in total inbound volume as of February 2025—a 114% jump from the previous year. USDC leads in bridged assets, while deBridge is gaining ground on Wormhole. Despite the growth, Ethereum still dominates cross-chain transfers.

Solana’s crypto bridges are experiencing explosive growth, with total inbound volume hitting $10.1 billion by February 10, 2025. This marks a staggering 114% increase from the $4.7 billion recorded in February 2024, reflecting heightened activity across the network.

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According to blockchain analyst h4wk on Flipside, USD Coin (USDC) remains the most bridged asset, accounting for $3.9 billion in inbound volume and $4.7 billion outbound. Ether (ETH) follows with $2 billion, while Solana’s native token (SOL) recorded $1.5 billion inbound and $1 billion outbound.

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Wormhole has long been Solana’s dominant bridge, handling $7.3 billion in total transactions. However, deBridge is now making waves, surpassing Wormhole’s weekly volumes by 12% in February.

While Solana’s bridge activity remained modest for most of 2024, things accelerated between November and January. During this three-month period, over $6 billion flowed through its bridges, with $1.1 billion in November, $2.5 billion in December, and $3.2 billion in January.

Despite its rapid growth, Solana still trails Ethereum in cross-chain transfers. Ethereum bridges processed $38 billion in the same timeframe, with even its weakest month—April 2024—outpacing Solana’s strongest month.

CZ’s Dog-Inspired Memecoin Hits $400M Market Cap Before Cooling Down

Summary: Binance founder CZ’s pet dog has sparked a memecoin frenzy after he shared a picture online. One of the many “Broccoli” coins launched in response skyrocketed to a $400 million market cap within an hour before settling at $176 million. CZ distanced himself from the hype, warning against quick profits in memecoins.

Crypto traders wasted no time after Binance founder Changpeng “CZ” Zhao posted a picture of his pet dog. As expected, hundreds of memecoins named “Broccoli” surfaced within hours, with one shooting up to a staggering $400 million market cap in just 60 minutes.

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The Broccoli memecoin is currently trading at $0.1768, having reached an all-time high of $0.42 during its first-day trading frenzy. It now carries a market capitalization of $176 million.

Reacting to the overnight hype, CZ took to X to post his position in a since-deleted post, saying he does not promote or endorse any memecoins. He had previously joked that every time he shares a picture of his pet, traders rush to launch related tokens. In a separate post, he cautioned against the lure of quick profits in memecoins.

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For now, multiple Broccoli-themed tokens continue to be traded across decentralized exchanges like pump.fun, with most of them built on Binance’s BNB Chain.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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“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.

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