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Recent Pi Network Updates, Ripple (XRP) Price Predictions, and More: Bits Recap Feb 4
TL;DR
Pi Network extended the KYC and mainnet migration deadline to Feb 28, 2025, fueling community frustration.
Ripple (XRP) experienced a severe price decline at the start of the week, but some view this as a perfect…
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Will February Mark the Start of 2025 Altcoin Season?
On Monday, the crypto market experienced what was billed as the largest liquidation event in history, destroying upwards of $2 billion in positions. Amid calls for the colloquial ‘altcoin season,’ analysts are divided on…
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PEPE ready for a reversal? $14 million of tokens Outflow
On-chain metrics revealed that exchanges have witnessed an outflow of over $14 million worth of PEPE
Intraday traders are over-leveraged at the $0.00000996 level, holding $1.90 million worth of long positions.
After a sharp…
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US Prosecutors Charge Canadian Hacker in $65M Crypto Heist
U.S. authorities have charged 22-year-old Canadian Andean Medjedovic for allegedly stealing approximately $65 million from two decentralized finance (DeFi) protocols, Indexed Finance and KyberSwap.
The U.S. Department of…
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Injective Hub V2 Goes Live, but INJ Price Shows Minimal Reaction
In a major upgrade to its ecosystem, Injective Labs has announced the release of Injective Hub V2.
The latest release aims to improve user experience and streamline interactions within the Injective blockchain. It also…
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TVM Ventures Unveils $100 Million Debut Fund for the TON Ecosystem
With this move, TVM Ventures aims to invigorate TON, expanding the ecosystem to achieve the goal of building a financial system capable of supporting 500 million onchain users by 2028. TVM Ventures Debuts $100 Million Incubation Fund for…
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FDIC Releases Trove of ‘Operation Chokepoint 2.0’ Crypt…
The Federal Deposit Insurance Corporation unexpectedly released a trove of documents on Wednesday detailing how the agency regulated banks’ approach to crypto.Travis Hill, the FDICS’s acting chairman, said the agency is taking steps to…
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Ethereum Recovers To $2,800 As Exchange Outflows Near $…
Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges.
Ethereum Exchange Outflows Spiked After Price Crash
According to data from the market…
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Glassnode Highlights Bitcoin’s “Atypical” Market Cycle
According to blockchain analytics firm Glassnode, Bitcoin’s latest market cycle is exhibiting “atypical” characteristics. The firm highlights that Bitcoin (BTC) has matured into a global asset with deep liquidity, allowing…
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Tether is developing several AI apps and an open-source…
Tether, the issuer of the world’s largest stablecoin, is expanding its artificial intelligence (AI) capabilities.On Feb. 4, Paolo Ardoino, the company’s CEO, revealed that the firm is working on several AI-driven applications while…
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