NoMusica.com

Category: Crypto

  • Coinbase Drops Regulatory Bombshell—FOIA Files Show Deep Crypto Confusion

    Coinbase Drops Regulatory Bombshell—FOIA Files Show Deep Crypto Confusion

    In a bold move shaking the foundations of U.S. crypto oversight, Coinbase has publicly released over 10,000 pages of previously hidden government documents—a treasure trove of emails, legal memos, and internal communications that expose years of regulatory ambiguity and backdoor maneuvering.

    The documents, obtained via Freedom of Information Act (FOIA) requests filed by Coinbase and its legal partners, shine light on how key agencies like the SEC and FDIC have handled crypto regulation behind closed doors.

    According to Coinbase’s Chief Legal Officer Paul Grewal, this initiative is about more than compliance—it’s about citizens’ right to know.

    “Government transparency shouldn’t be a privilege,” Grewal posted on X, as Coinbase opened public access to its FOIA Reading Room archive.

    Key Revelations From the FOIA Dump

    • SEC Knew About Regulatory Gaps: A 2019 email shows SEC staff openly acknowledged a lack of clear regulatory authority over crypto—contradicting later public claims that regulation was clear.
    • Ethereum as a Security? A 2023 email from the New York Attorney General’s Office urged the SEC to intervene in the KuCoin case and declare Ethereum a security. The SEC declined to act—raising more questions about their true stance.
    • Tech Failures in High-Stakes Moments: One email revealed that SEC staff couldn’t access a video submitted by Coinbase due to internal IT limitations.

    These leaks come as crypto regulation remains gridlocked, with U.S. agencies accused of regulating through lawsuits rather than providing clear, proactive guidance.

    Coinbase’s release adds fuel to growing criticism that regulatory bodies have acted inconsistently, even secretively, while shaping crypto policy.

    Coinbase Fights Back in Court

    When FOIA requests were stonewalled with redactions and denials, Coinbase escalated the battle by suing multiple agencies in federal court. This legal pressure is what ultimately forced the release of thousands of pages now made public.

    “This fight for transparency is bigger than Coinbase,” Grewal emphasized. “It’s about the right to our information from our government.”

    A Line in the Sand for Crypto Regulation

    This document drop arrives at a critical time, as Congress, courts, and the public demand clear crypto rules instead of ad hoc enforcement.

    Pro-crypto advocates argue that regulators are shaping entire industries through quiet, unelected methods—a practice Coinbase’s actions are now dragging into the light.

    Whether this will push the U.S. toward clearer, fairer crypto regulation remains to be seen. But one thing is certain: the era of quiet compliance and closed-door decision-making is over.

  • Ledger Responds to Discord Security Breach, No User Losses Reported

    Ledger Responds to Discord Security Breach, No User Losses Reported

    Ledger, the crypto hardware wallet provider, confirmed that it has secured its Discord server following a phishing attack on May 11 that exploited a moderator’s account to spread scam links.

    The attacker gained access to a contracted community moderator’s Discord credentials, using the elevated permissions to deploy a malicious bot that posted links to a fake Ledger site.

    These scam messages falsely claimed a security vulnerability had exposed sensitive user information such as shipping details and recovery phrases. Victims were urged to verify their 24-word seed phrases, a known tactic for stealing wallet access.

    Ledger Takes Swift Action, Removes Compromised Account

    Quintin Boatwright, a team member at Ledger, stated that the company swiftly removed the compromised moderator, deleted the phishing bot, and secured server permissions to prevent further abuse. The phishing website linked in the messages was also reported and taken down.

    Ledger called the breach an isolated incident, though some community members criticized the platform for not acting sooner. Users claimed the attacker leveraged moderator rights to ban or mute individuals trying to flag the scam, potentially delaying Ledger’s response. Still, as of now, no confirmed user losses have been reported.

    Ledger Community Remains Target of Sophisticated Scams

    This latest incident follows a string of sophisticated scams targeting Ledger users. In April 2025, fraudsters mailed fake physical letters containing QR codes linked to phishing sites.

    These letters mimicked official Ledger communication and cited the 2020 data leak, which exposed personal details of over 270,000 customers.

    There have also been reports of tampered Ledger devices embedded with malware, raising continued concerns about user safety.

    In response, Ledger has reinforced its Discord security protocols, reminding users that they will never be asked to share their recovery phrases, either online or via physical mail. The company urges customers to report any suspicious activity only through official support channels.

  • Malaysia Reports $121M Lost to Electricity Theft from Crypto Mining

    Malaysia Reports $121M Lost to Electricity Theft from Crypto Mining

    Malaysia’s national power utility, Tenaga Nasional Berhad (TNB), reported a 300% increase in electricity thefts linked to illegal crypto mining between 2018 and 2024, highlighting the severe impact of unauthorized mining operations on the country’s power infrastructure.

    According to TNB, the number of crypto-related power theft cases rose from 610 in 2018 to 2,397 in 2024. Joint operations conducted with the Energy Commission, police, anti-corruption officials, and local councils were credited with uncovering and shutting down many of these operations.

    In a statement, TNB emphasized that these actions have “safeguarded the stability of the power grid” and signaled continued enforcement efforts.

    Smart Meters and Predictive Tech Deployed to Catch Offenders

    Between 2020 and 2024, the utility received approximately 1,699 complaints related to illegal crypto mining, averaging 340 reports per month. The rise in public reports points to growing awareness about illicit mining activity and its effect on power systems.

    To counter these threats, TNB has rolled out smart meters across affected areas. These devices record daily electricity usage and transmit data via radio-frequency waves, helping to detect unusual consumption patterns that may indicate illegal mining.

    TNB is also looking to implement AI and predictive analytics to enhance theft detection and optimize enforcement strategies.

    TNB Proposes Stricter Penalties for Electricity Tampering

    In response to the escalating issue, TNB is advocating for tougher penalties under the Electricity Supply Act. Individuals found tampering with electrical systems could face fines of up to 1 million Ringgit ($232,000), 10 years in prison, or both.

    Over $120 Million in Losses from Power Theft

    Datuk Seri Mohd Shuhaily Mohd Zain, director of the Criminal Investigation Department (CID), revealed that TNB lost around 520 million Ringgit ($121 million) due to electricity theft—mostly from illegal crypto mining.

    These operations are typically hidden inside rented shops, warehouses, or residential homes. To avoid detection, syndicates install ventilation systems, air conditioning, and soundproofing while bypassing electricity meters by tapping directly into the grid. In many cases, a single illegal mining operation consumes as much power as an entire residential block.

    Syndicates often relocate every few months to avoid raids and maintain anonymity.

    In one alarming case from February 2025, Malaysian police discovered a Bitcoin mining setup after a house explosion caused by an illegal power connection. Investigators found that the explosion resulted from a short circuit triggered by excessive power use for mining.

  • Coinbase Holds Nearly $1B in BTC Despite Conservative Strategy

    Coinbase Holds Nearly $1B in BTC Despite Conservative Strategy

    Coinbase chose not to adopt a Bitcoin-centric treasury strategy over concerns it could conflict with its core business operations, according to CEO Brian Armstrong.

    Speaking in a Bloomberg interview on May 9, Armstrong revealed that Coinbase had considered converting up to 80% of its balance sheet into Bitcoin, similar to MicroStrategy’s approach, but ultimately decided against it. The reason: such a move could undermine Coinbase’s liquidity and operational flexibility.

    Chief Financial Officer Alesia Haas added that Coinbase deliberately avoided major crypto bets to maintain neutrality with its users and avoid competing with customers by favoring any particular asset.

    Still, Coinbase has some exposure to Bitcoin. Its Q1 2025 earnings report disclosed a $153 million crypto purchase, primarily in BTC. The company now holds 9,480 BTC, worth nearly $1 billion, making it the ninth-largest corporate holder of Bitcoin globally.

    While Coinbase remained cautious, other firms—including MicroStrategy, Tesla, and Marathon Digital—have adopted more aggressive strategies, using both equity and debt to acquire large Bitcoin reserves. In total, over 100 public companies, 40 ETF issuers, and 12 countries now hold Bitcoin.

    Deribit Acquisition Boosts Coinbase’s Derivatives Reach

    Coinbase also finalized a $2.9 billion acquisition of Deribit, the largest crypto merger to date. Deribit is a leading crypto derivatives exchange that processed over $1 trillion in trading volume in 2024 and holds $30 billion in open interest.

    The acquisition strengthens Coinbase’s global footprint in derivatives, a segment it previously accessed through offshore platforms in Bermuda.

    Mixed Q1 Earnings: Revenue Up, Profit Down

    Coinbase reported Q1 2025 revenue of $2 billion, a 24% year-over-year increase, though down 10% from the previous quarter. Despite revenue growth, net income fell 94% to $66 million, mainly due to crypto asset write-downs and increased marketing costs.

    The company’s subscription and services revenue rose 37% to nearly $700 million, reflecting its shift toward non-trading products. Adjusted earnings came in at $1.94 per share, down from $2.53 the year prior. Operating expenses surged 51% to $1.3 billion.

    Despite earnings pressure, Coinbase reported its second-highest ever monthly user count, with CFO Haas citing rising demand for staking and custodial services.

  • Staking in ETFs? BlackRock Pushes SEC as Crypto Market Evolves

    Staking in ETFs? BlackRock Pushes SEC as Crypto Market Evolves

    BlackRock recently met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force to discuss the regulatory future of crypto staking in ETFs and the potential of tokenized securities. The meeting signals rising momentum for bringing blockchain deeper into traditional finance.

    According to a memo released by the SEC on May 9, BlackRock argued that Ethereum ETFs are incomplete without staking. Staking allows token holders to earn rewards by helping secure proof-of-stake networks like Ethereum and Solana.

    Other financial firms are also pushing for staking features. Earlier this year, the New York Stock Exchange filed a rule change to support staking in Grayscale’s Ethereum ETF. Although the SEC has delayed decisions on this issue, approval could open doors for staking-enabled ETFs across major blockchains.

    The meeting also explored the tokenization of traditional assets like stocks and bonds. Tokenized securities offer faster settlements, lower fees, and 24/7 trading, making them attractive alternatives to legacy systems.

    BlackRock already manages BUIDL, a $2.9 billion tokenized U.S. Treasury fund, the largest of its kind. Competitors like Franklin Templeton and Robinhood are also building tokenized solutions, with Robinhood working on a blockchain that may let European users trade U.S. stocks.

    At the same time, BlackRock’s spot Bitcoin ETF (IBIT) has become the sixth most popular ETF by inflows in 2025, with $6.96 billion in new capital—surpassing the SPDR Gold Trust (GLD). Despite a recent dip in Bitcoin’s price, investors seem confident in the crypto’s long-term value.

    Meanwhile, the SEC has not yet approved any staking-enabled ETF, even though similar products exist in Canada and Europe. More than 70 crypto ETF applications are now waiting for SEC approval.

    Industry groups like the Crypto Council for Innovation, supported by firms like a16z crypto, Kraken, and Consensys, continue to push for clear rules on staking and tokenization.

  • Solana Hits 2-Month High — Is $200 the Next Target?

    Solana Hits 2-Month High — Is $200 the Next Target?

    Solana (SOL) has surged to its highest price in two months, recently reaching $178.33. As of now, the token trades around $174.59, gaining 47% in the last month and 20% this past week.

    This strong performance is driven by Solana’s growing role in the DeFi (Decentralized Finance) space. It recorded $3.32 billion in daily DEX volume, capturing nearly 29% of the global DEX market, according to DeFiLlama. More than $165 million in assets moved from other chains like Ethereum, Arbitrum, and Base into Solana in the past month.

    From a technical view, Solana’s price has broken above its 200-day EMA and the 1.618 Fibonacci level at $167.39, showing a strong bullish trend. The chart also shows a “three white soldiers” pattern, suggesting continued buying momentum.

    Key price levels:

    • Immediate resistance: $178.33
    • Next targets: $183.95 and $189.60
    • Support zones: $167.39, $164.01, and $157.15

    However, the MACD indicator is showing signs of slowing momentum, meaning traders should watch for a possible short-term pullback.

    The overall crypto market is also showing strength. Easing US-China trade tensions and better risk sentiment have pushed the global crypto market cap to $3.33 trillion, helping coins like Solana attract more investors.

    Conclusion:

    If Solana breaks and holds above $178.33, a rally toward $200 is possible. But if it falls below $167, a short-term dip may occur. Investors should stay alert and manage risks carefully.

  • Altcoins Take Off as Crypto Market Surges Past $3.3 Trillion

    Altcoins Take Off as Crypto Market Surges Past $3.3 Trillion

    The global cryptocurrency market grew on Sunday, reaching a total value of $3.34 trillion, a 1.42% increase in the last 24 hours.

    Bitcoin (BTC) remains the top cryptocurrency. It traded at $104,780, gaining 1% in a day and 9.77% over the week. Ethereum (ETH) had a stronger rally, jumping 4.71% in one day and 37.83% in a week, reaching $2,522.86.

    Altcoins also performed well. Solana (SOL) rose 19.42% this week to $173.96. BNB and XRP gained 10.88% and 8.74%, respectively.

    Overall market activity increased, with daily trading volume reaching $137.7 billion, up 4.90%.

    Some of the biggest daily gainers were:

    • Pi Network (PI): +49.86%
    • Casper Network (CSPR): +47.96%
    • Peanut the Squirrel (PNUT): +39.10%

    The largest loser was Ultima (ULTIMA), which fell 14.42%.

    In the past 24 hours, crypto derivatives worth $451.3 million were liquidated, showing high market movement and risk.

    Bitcoin and Ethereum together now make up 71.3% of the total market. The current market strength is attracting more investors, but experts warn that careful planning is important due to fast changes in sentiment.

  • Bitcoin Breaks $104.9K Amid Optimism Over U.S.-China Trade Reset

    Bitcoin Breaks $104.9K Amid Optimism Over U.S.-China Trade Reset

    Bitcoin surged to $104,900 on Saturday evening, gaining 2% after President Donald Trump hinted at a “total reset” in trade talks with China.

    The rally extended beyond Bitcoin, boosting major altcoins like Ethereum and Dogecoin, which saw double-digit percentage gains.

    Trump made the announcement on Truth Social, following a high-level meeting in Geneva where U.S. and Chinese officials discussed ways to de-escalate tensions surrounding tariffs.

    Trump described the meeting as a “very good” one, adding that many important issues were discussed and a total reset was negotiated in a friendly and constructive manner.

    The statement signaled potential easing of geopolitical pressure, which often benefits risk assets like Bitcoin.

    Traders responded quickly, interpreting the remarks as a sign of a more stable trade environment.

    Ethereum rose over 10% to $2,600, and Dogecoin climbed around 21% to nearly $0.25, contributing to a broader altcoin rally.

    The swift market response highlights how closely digital asset valuations are now linked to geopolitical events, as global liquidity and investor sentiment continue to play key roles in driving the value of cryptocurrencies.

    As of the latest data, Bitcoin is trading at approximately $104,457 per unit.

  • Ripple’s $1.25B Acquisition and Regulatory Win Propel XRP as Crypto Leader

    Ripple’s $1.25B Acquisition and Regulatory Win Propel XRP as Crypto Leader

    XRP has emerged as a standout performer in the crypto space in 2025, leading the pack with impressive ETF growth, a favorable SEC resolution, and Ripple Labs’ $1.25 billion acquisition of Hidden Road.

    The first quarter of 2025 saw XRP outperforming major competitors, including BTC and ETH, with nearly a 50% increase in early February.

    Ripple’s XRP-based investment products saw substantial growth, attracting $37.7 million in inflows and nearly surpassing Ethereum fund totals for the year.

    Key developments included multiple ETF filings, with major firms like Franklin Templeton and CME launching XRP-focused products, and the approval of an XRP ETF in Brazil.

    Ripple’s acquisition of Hidden Road, a major player in the crypto industry, further solidified its institutional presence. The integration of the XRP Ledger into Hidden Road’s operations aims to streamline post-trade processes, particularly in FX, swaps, and repo markets.

    Ripple’s stablecoin, RLUSD, will be used as collateral, further embedding Ripple’s infrastructure in the financial ecosystem.

    In a pivotal move, the SEC withdrew its appeal against Ripple, reducing the penalty from $125 million to $50 million.

    Combined with regulatory improvements under the new U.S. administration, this marks a turning point in crypto regulation, providing Ripple with clearer operating conditions moving forward.

  • Ripple CEO Sees $200K Bitcoin and Talks XRP Settlement with SEC

    Ripple CEO Sees $200K Bitcoin and Talks XRP Settlement with SEC

    Ripple CEO Brad Garlinghouse has revealed that the company is in talks with the U.S. Securities and Exchange Commission (SEC) about settling their legal dispute, possibly with a payment in XRP.

    In an interview with Fox Business on April 11, Garlinghouse described the discussions as a “breakthrough moment” for Ripple, marking a shift in the regulatory environment for digital assets in the U.S.

    Garlinghouse stated that Ripple may pay the SEC a reduced fine of $50 million, and he even suggested that this amount could be paid in XRP. Originally, Ripple had set aside $125 million in escrow, but the company will retain the majority of those funds under the settlement terms.

    The settlement is still awaiting approval from SEC commissioners, but Garlinghouse sees this as a positive sign of change. He pointed to a shift in leadership at the SEC and the White House as a factor in creating a more supportive environment for blockchain and cryptocurrency companies.

    He emphasized that this change could not have happened under the previous administration, and he believes Ripple is now well-positioned for growth within a more stable and innovation-friendly framework.

    In addition to discussing Ripple’s legal situation, Garlinghouse shared his outlook for the broader crypto market. While he refrained from making predictions about XRP’s future, he did offer a bold forecast for bitcoin.

    Garlinghouse believes that bitcoin could reach $200,000, stating that the market is still underestimating the impact of recent institutional and regulatory changes. He referenced a similar prediction by Cardano founder Charles Hoskinson, who suggested that bitcoin could hit $250,000 in the next year or two.

    Garlinghouse’s comments reflect growing optimism in the crypto space as regulatory support strengthens, and the CEO’s bold outlook points to potential explosive growth in the market.

  • Dogecoin Finds Support at $0.155, Eyes $0.17 Recovery

    Dogecoin Finds Support at $0.155, Eyes $0.17 Recovery

    Dogecoin is showing early signs of recovery after finding solid support at the $0.155 level following a recent pullback. Crypto analyst BitGuru shared insights on social media, suggesting that this support level could set the stage for a potential move towards $0.17 if it continues to hold.

    The meme coin has experienced heavy volatility recently, with its price dropping from $0.22 earlier in March to a consolidation range between $0.16 and $0.17. After a brief rally to $0.21, the price corrected towards $0.16. However, Dogecoin found a strong base around $0.155, where it has bounced multiple times.

    This consolidation zone between $0.16 and $0.17 aligns with a previous breakout area, reinforcing its significance. The pullback to $0.155 is especially important as this level, once resistance, has now turned into support.

    BitGuru believes that Dogecoin is undergoing a bullish pullback to establish a stronger base, not a complete reversal. If the $0.155 support holds, Dogecoin could push towards $0.17, a key resistance level. If Dogecoin breaks above $0.17, the next targets could be between $0.18 and $0.20 before the end of the month.

    However, if selling pressure increases and the price drops below $0.155, the bullish outlook could quickly reverse, leading to further declines. In the worst-case scenario, Dogecoin could fall to as low as $0.13 or $0.11, wiping out gains made since October 2024.

  • Iggy Azalea or Donald Trump? The Celebrity Memecoin That Made More Money WIll Shock You

    Iggy Azalea or Donald Trump? The Celebrity Memecoin That Made More Money WIll Shock You

    Iggy Azalea, the famous Australian rapper, has made a surprising impact in the cryptocurrency world.

    After stepping away from OnlyFans, she launched her own digital currency, $MOTHER, on the Solana blockchain. This memecoin, originally priced at $0.0001, quickly skyrocketed, reaching an all-time high of $0.20.

    This 20,000% surge turned early investors into millionaires. In comparison, Donald Trump’s $TRUMP token saw a peak increase of about 755%, making Iggy’s coin the clear winner in terms of return on investment.

    Blockchain creator Richart Dedekind highlighted this success on Twitter, humorously noting that Iggy’s fans, originally drawn to her OnlyFans, made a fortune from her coin instead.

    He pointed out that $MOTHER’s gains far outperformed Trump’s token and even traditional investments like gold.

    Despite some skepticism around celebrity-backed cryptocurrencies, $MOTHER reached a market cap of nearly $90 million at its peak. Even now, it remains four times higher than its original listing price.

    Meanwhile, the Nollars Network, a blockchain project aiming to improve memecoin trading, is gaining traction. Dedekind hinted at a future Kanye West memecoin, predicting it could surpass even Bitcoin’s performance in 2025.

    The success of Iggy Azalea’s $MOTHER token proves that celebrity-driven cryptocurrencies can yield huge returns—when done right.

  • This New Crypto Could Boom in 2026 – What You Need to Know About Nollars

    This New Crypto Could Boom in 2026 – What You Need to Know About Nollars

    Richart Dedekind, a German mathematician and cryptography expert, is gaining attention in the cryptocurrency world.

    Unlike typical crypto founders, he embraces both pop culture and deep technical knowledge, making his Nollars Network project one of the most talked-about blockchain innovations of 2025.

    With growing investor interest, many are asking: What is Nollars Network, and why is it expected to succeed in 2026?

    What Is Nollars Network?

    Nollars Network is a new blockchain platform designed to solve common issues in cryptocurrency transactions.

    It introduces the Ineffable Exchange System, which allows faster transactions, better pricing, and reduced losses when transferring digital assets between wallets.

    This technology aims to provide more efficient and cost-effective crypto trading.

    Seamless Cross-Chain Transfers

    One of the biggest challenges in crypto is sending funds between different blockchains. Nollars Network will enable users to send tokens between Solana, BNB Chain, Ethereum, XRP, and more—without needing complicated swaps.

    This cross-chain compatibility will make it easier for people to move their crypto assets without extra fees or delays.

    Beyond Trading: A Full Blockchain Ecosystem

    Nollars Network is not just about transactions. The platform will also support decentralized applications (dApps), including:

    • A decentralized exchange (DEX) for easier crypto trading
    • A crypto-commerce app for payments via messaging platforms like WhatsApp
    • A DeFi gaming project to expand blockchain gaming opportunities

    Token Presale & Investment Potential

    The project is currently in its token presale phase, with the $NOLA token priced at $0.50. The team aims to raise $5 million to build its ecosystem.

    Investors see this as an opportunity, as every transaction on the network will require $NOLA tokens, potentially driving demand as adoption grows.

    Why Investors Are Paying Attention

    Crypto analysts believe Nollars Network’s innovation and growing ecosystem could drive significant price gains.

    Predictions suggest the $NOLA token could reach $10, offering huge potential returns for early investors.

    Leading exchanges like AscendEX have already confirmed plans to list the token after the presale. At least four other exchanges are expected to follow, ensuring liquidity and market growth.

    Our Thoughts

    Despite the current challenges in the crypto market, Nollars Network stands out as a project with strong technology, real-world use cases, and increasing investor confidence.

    With its unique approach to cross-chain transfers, dApps, and crypto-commerce, this blockchain could be one of the biggest success stories in 2026.

  • Ethereum, Ripple, Cardano, Binance Coin, Solana – Crypto Market Update for March 2025

    Ethereum, Ripple, Cardano, Binance Coin, Solana – Crypto Market Update for March 2025

    This week, we dive into the price movements and market outlook for Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Solana (SOL), as these cryptos continue to experience shifts driven by news and technical factors.

    Outlook Summary:

    • ETH: Still facing resistance at $2,400 but could recover if it holds above $2,000.
    • XRP: Positive outlook as consolidation between $2 and $3 may lead to a breakout.
    • ADA: Potential for continued bullishness if it surpasses $1.32.
    • BNB: Could favor bulls if it stays above $600 and reacts positively to US policy news.
    • SOL: Key support at $134; a breakout above $164 could signal a reversal

    Ethereum (ETH)

    Ethereum Logo Glowing

    Ethereum closed the week in red, seeing a 3% decline. Despite attempts to hold above $2,400 following news that ETH will be part of the upcoming US Crypto Strategic Reserve, the price failed to sustain that level.

    At the time of writing, ETH is testing the $2,400 resistance again, but the overall trend remains bearish on higher timeframes. However, momentum on lower timeframes is showing bullish signs.

    ETH’s ability to stay above $2,000 is critical for a potential recovery. With the White House Crypto Summit on Friday, there could be more positive news that may bring buyers back into the market.

    Ripple (XRP)

    XRP Ripple

    XRP had a significant rally this week, gaining 13%, following news of its inclusion in the US Crypto Strategic Reserve. The price nearly touched $3 before hitting resistance.

    XRP is now consolidating between $2 and $3, with a breakout expected to push the price significantly higher. A break above $3 would pave the way for further gains. The news has shifted the market sentiment positively, providing an advantage to buyers.

    Cardano (ADA)

    Cardano (ADA)

    ADA saw an 80% rally between Sunday and Monday, triggered by Trump’s tweet regarding the US Crypto Strategic Reserve. The price briefly touched $1 before pulling back. Despite this, ADA closed the week with a 41% gain.

    To confirm the bullish trend, ADA must reach a higher high above $1.32. The resistance levels at $1 and $1.3 are crucial for further upward movement. ADA has a chance to reignite its November 2024 rally, with support at $0.9.

    Binance Coin (BNB)

    Binance Coin BNB

    Binance Coin (BNB) did not see significant movement after Trump’s tweet and closed the week with a 2% loss. However, BNB is hovering around $600, a key level where buyers have shown interest in the past.

    BNB found strong support around $550 earlier, and the current task is to turn $600 into support. If BNB can hold above this level, bullish momentum could resume. The upcoming crypto policy news from the US might increase volatility, and if BNB stays above $600, it could favor buyers in the near term.

    Solana (SOL)

    SOLANA SOL 1

    Solana spiked to $180 after Trump tweeted about its inclusion in the US Crypto Strategic Reserve, but sellers quickly took the price back down within 24 hours, leading to only a 5% gain for the week.

    Solana has confirmed $134 as a strong support level, which is a positive sign for buyers. The next challenge is to break the resistance at $164 to signal a potential reversal in the downtrend. Bulls need to push SOL above this level for a confirmed uptrend.

  • Bybit Hack Continues: Hackers Move Another 62,200 ETH Amid Crypto Laundering Efforts

    Bybit Hack Continues: Hackers Move Another 62,200 ETH Amid Crypto Laundering Efforts

    The hackers responsible for the February 21 Bybit breach have stepped up their money-laundering activities, moving another 62,200 Ether (ETH) on March 1, valued at approximately $138 million.

    This brings the total amount of laundered funds to 343,000 Ether, or 68.7% of the stolen $1.4 billion in crypto. A pseudonymous analyst, EmberCN, expects the remaining stolen Ether, roughly 156,500, to be laundered within the next few days.

    Despite efforts by U.S. authorities, including the Federal Bureau of Investigation (FBI), to block the hackers’ transactions, the North Korean Lazarus Group continues to operate at full speed.

    The FBI had shared 51 Ethereum addresses linked to the hackers, and blockchain analytics firm Elliptic flagged over 11,000 wallet addresses possibly connected to the exploiters. In addition, the FBI and other organizations have been pressuring crypto exchanges, node operators, and cross-chain bridges to block these transactions.

    The hackers have been using decentralized exchanges, cross-chain bridges, and instant swap services to convert the stolen Ether into Bitcoin (BTC), stablecoins like Dai (DAI), and other assets.

    One of the services involved in facilitating the transfers, THORChain, has faced criticism for allowing North Korean-linked transactions. After a controversial vote to revert a decision blocking these transactions, one developer of THORChain, “Pluto,” announced they would no longer contribute to the protocol.

    The Bybit hack remains the largest exploit in the history of the crypto industry, surpassing the $650 million Ronin bridge hack in 2022.

  • Should You Buy Ethereum or Solana After the Latest Crypto Hack?

    Should You Buy Ethereum or Solana After the Latest Crypto Hack?

    Cryptocurrency investments can be riskier than traditional options, but sometimes a sudden dip in price presents an opportunity.

    Ethereum (ETH) has recently experienced a decline, leaving some investors wondering if this is the right time to buy the dip.

    What’s Behind Ethereum’s Recent Decline?

    Since February 20, Ethereum’s price has dropped by 8%, with a 10% decline over the past three years.

    A significant factor behind this drop is a major hack on the cryptocurrency exchange Bybit, which occurred on February 21.

    The hack resulted in $1.4 billion being drained from wallets that primarily held Ethereum and some derivatives.

    While Bybit has managed to restore most of its reserves, the hack was tied to a North Korean hacker group called the Lazarus Group, using sophisticated techniques to target Bybit’s digital wallet services.

    Does This Mean Ethereum Is a Bad Investment?

    While the hack is concerning, it doesn’t necessarily change the long-term investment outlook for Ethereum.

    Cryptocurrency exchanges often face security breaches, but that hasn’t stopped the growth of the crypto industry.

    In fact, such incidents haven’t led to long-term damage for major coins in the past, and Ethereum is unlikely to lose its position as the second-largest cryptocurrency.

    The dip caused by the hack may actually present a buying opportunity, especially for long-term investors who understand that the industry often bounces back from these setbacks.

    A Key Factor: The Laundering of Stolen Funds

    There is an additional detail worth noting regarding the Bybit hack. The stolen funds were largely moved over to Solana (SOL), a competitor to Ethereum, to be laundered and used for launching meme coins.

    This highlights an interesting difference between the two chains: Solana has lower gas fees and faster transaction times than Ethereum, making it a preferred choice for activities like laundering.

    This characteristic of Solana, especially its lower transaction costs, has made it increasingly popular in emerging areas like AI infrastructure.

    As a result, some investors may consider Solana as a better buy than Ethereum, especially with its recent price drop of 15% following the hack.

    Should You Buy Ethereum or Solana?

    If you’re considering buying the dip, Ethereum is not a bad choice. However, it might be worth keeping an eye on Solana, which could offer better long-term growth potential, especially if its popularity continues to rise due to its more efficient transactions.

    In the end, whether you invest in Ethereum or Solana, it’s essential to be prepared for the ups and downs of the crypto market and to hold your investment for the long term.

  • Bybit Declares ‘War’ on Hackers After $1.4B Ethereum Theft

    Bybit Declares ‘War’ on Hackers After $1.4B Ethereum Theft

    Bybit has taken a bold stand against cybercriminals after losing $1.4 billion in Ethereum to a sophisticated hack last week.

    The Dubai-based crypto exchange has now launched a bounty dashboard, allowing users to track stolen funds and report leads.

    Bybit’s CEO, Ben Zhou, has openly declared “war” on North Korean hackers, particularly the Lazarus Group, which analysts have linked to the attack.

    Over the weekend, Bybit offered a $140 million bounty—10% of the stolen funds—to anyone who helps trace, freeze, or recover assets. As of now, only 3% ($42 million) of the stolen funds have been frozen across various exchanges.

    Bybit has also closed the financial gap left by the attack through loans, deposits, and purchases, ensuring the platform remains operational.

    This latest hack highlights the ongoing threat of cybercrime in crypto, with North Korean groups stealing over $1.3 billion in 2024 alone. Bybit’s aggressive response signals a new era of transparency and accountability in the industry, where hackers will be tracked, and justice will be swift.

  • Is Dogecoin Ready for a 650% Surge? Analyst Predicts Breakout to $1+

    Is Dogecoin Ready for a 650% Surge? Analyst Predicts Breakout to $1+

    Dogecoin (DOGE) may be gearing up for a significant price surge as technical indicators suggest the meme coin is on the verge of completing its fourth Falling Wedge pattern.

    A popular crypto analyst, Trader Tardigrade, has pointed to previous breakouts from similar formations that have resulted in strong rallies, with one cycle recording an impressive 445% gain.

    A Falling Wedge is a bullish technical pattern that typically signals a trend reversal. It forms when a cryptocurrency’s price moves between two downward converging trendlines, indicating consolidation during a downtrend. This often leads to a breakout and a price increase.

    The analyst’s chart suggests that past breakouts from the Falling Wedge have led to price rallies that surpassed previous highs, and with the current setup, a breakout could propel Dogecoin towards $1.

    In the past, Dogecoin has experienced substantial gains following similar breakouts. For example, after breaking out from a Falling Wedge in November 2023, Dogecoin saw an 88% price increase, reaching a high of $0.11.

    In March 2024, a similar breakout resulted in a 208% surge, bringing the price between $0.22 and $0.25. The most recent breakout in November 2024 led to a dramatic 445% rally, pushing Dogecoin to $0.4.

    According to Tardigrade’s analysis, if this pattern holds, DOGE could see a powerful surge, possibly reaching $1.5, marking a 650% increase from its current price of $0.2. Despite recent downward pressure, which caused a 57% price drop, Tardigrade is optimistic about Dogecoin’s future.

    The analyst points out that DOGE has previously rebounded swiftly after declines of over 55%, including in the 2017 and 2020 bull cycles, when the coin saw sharp declines but then experienced rapid rallies to new highs.

    Based on this historical pattern, Tardigrade predicts that once Dogecoin reaches a key retest level, a massive bull run could be on the horizon.

  • Dogecoin Crashes 7% in 24 Hours Amid Market Slump

    Dogecoin Crashes 7% in 24 Hours Amid Market Slump

    Dogecoin, once a favorite among traders, is experiencing another downward spiral, reaching its lowest price in weeks.

    The cryptocurrency has dropped by 7% in the past 24 hours, sitting at $0.225, according to CoinGecko. Earlier, it hit $0.2239, dangerously close to its 2025 low of $0.2237 recorded earlier in February.

    Meme Coins Struggle as Interest Fades

    The entire meme coin market is feeling the pressure, with most tokens in the red. Just a few months ago, Dogecoin soared to $0.48, fueled by hype from Elon Musk. However, the momentum has vanished, with DOGE dropping 16% over the past week.

    Market data shows traders are turning away from Dogecoin. Open interest—representing active futures contracts—has now sunk to $2.16 billion, the lowest level of the year. This signals a lack of confidence among investors in the meme coin’s future price action.

    Bitcoin’s Decline Adds to the Pressure

    Meanwhile, the crypto market as a whole is struggling. Bitcoin, the leading digital asset, has dropped 1% in the last 24 hours, now trading at $94,557. Solana, another major player, has suffered an even bigger hit, falling over 8% to around $154.

    As market volatility continues, Dogecoin’s future remains uncertain. Can it bounce back, or is the hype officially over?

  • Dogecoin Price Target Set at $45 – Analyst Says History Could Repeat

    Dogecoin Price Target Set at $45 – Analyst Says History Could Repeat

    A market analyst has predicted that Dogecoin could see a massive price surge in this bull cycle. According to Dima Potts, the meme coin could rise by 19,533%, pushing its price to $45 if history repeats itself.

    Potts made this prediction on X (formerly Twitter) on February 23. He pointed out that Dogecoin has followed a cyclical pattern in past market cycles.

    If it does the same this time, he believes the coin will first rebound from its recent losses before making a significant move upward.

    Dogecoin Struggles but Could Rebound

    Dogecoin has faced difficulties in recent weeks, dropping over 52% from its December high of $0.4846. It has also seen losses in five of the last six weeks, making investors cautious. However, Potts remains optimistic. He identified a key area called the “never miss zone,” where Dogecoin has historically bounced back before major price rallies.

    According to Potts, Dogecoin follows a 1,442-day cycle and is nearing the end of its current phase. The last cycle ended in May 2021, and the current one is 1,388 days in. If history repeats, Dogecoin could soon enter the next parabolic expansion phase, which may push its price to at least $10 in the short term.

    Can Dogecoin Reach $45?

    After this initial surge, Potts predicts Dogecoin could continue climbing after a small pullback, eventually hitting $45. He pointed out that Dogecoin has always crossed a key technical level in past cycles. If it does so again, it could confirm this price target.

    However, some data suggests challenges ahead. Whale activity on Dogecoin’s network is at a low, with only 66 large transactions per day. The number of active addresses has also dropped to 60,000 per day, which could slow down any potential rally.

    For now, Dogecoin trades at $0.2325, down 4% in the past 24 hours. Whether it follows past trends and reaches new highs remains to be seen.

  • Binance Moves Millions in ETH and SOL ― What Does It Mean?

    Binance Moves Millions in ETH and SOL ― What Does It Mean?

    In recent trading activity, Binance, the world’s largest crypto exchange by daily volume, has facilitated significant withdrawals of Ethereum (ETH) and Solana (SOL).

    On-chain data from Arkham Intelligence reveals that Binance’s hot wallet offloaded at least 103,570 SOL, valued at approximately $16.32 million. This activity coincided with an 8% drop in Solana’s price, now trading at $157.58.

    Additionally, Binance reportedly sold around 25,000 ETH, worth $80 million, between 8:00 AM and 10:00 AM UTC, leading to a 3.5% drop in Ethereum’s price. ETH is currently trading at $2,683.

    The transactions have sparked discussions among traders and analysts. Some speculate that major market makers like Wintermute are withdrawing or staking tokens, indicating high demand.

    Others suggest that Binance might be rebalancing its portfolio, adjusting its exposure to volatile assets, and preparing for potential market turbulence.

    This move could signal Binance’s expectations of upcoming market volatility, influencing liquidity and trading volumes for these tokens.

    By reducing active trading liquidity, Binance’s actions might lead to wider spreads and more pronounced price swings, affecting overall market sentiment and prompting further adjustments by other market participants.

  • Dogecoin Bulls Eye $0.30, But Watch Out for These Risk Factors

    Dogecoin Bulls Eye $0.30, But Watch Out for These Risk Factors

    Dogecoin’s recent price action within the Bollinger Bands indicates that it is currently at a crossroads.

    According to crypto analyst SwallowAcademy on TradingView, Dogecoin is poised for a potential breakout, but there is a critical resistance level to watch that could determine its next move.

    Resistance at the Middle Bollinger Band

    Since early February, Dogecoin has been trading within the Bollinger Bands, experiencing volatility. After a sharp decline in early February that saw it dip below the lower band, Dogecoin has since recovered and is now trading within the bands again.

    Typically, such a dip followed by a rally brings the price toward the middle Bollinger band, which is exactly what has happened. However, instead of continuing its bullish movement, Dogecoin has struggled to break through this key resistance.

    This resistance at the middle band is either due to lingering selling pressure or a lack of strong buying momentum. According to SwallowAcademy, the next critical test for Dogecoin is whether it can push past this resistance. If it does, a rally of at least 15% could be in the cards, with the potential to return above the $0.30 mark and eventually aim for the $0.40 price range.

    The Risk Factor: A Possible Drop Before the Breakout

    While the bullish outlook remains intact if Dogecoin can surpass the middle Bollinger band, there’s a risk of a deeper retest before any significant breakout. The analyst noted that after Dogecoin’s explosive rally in November 2024, there was no proper retest of key resistance zones. Historically, such gaps are revisited, and Dogecoin may need to test the lower support level again before it can move higher.

    In the worst-case scenario, Dogecoin could drop as low as $0.20 before bouncing back. However, if it manages a successful retest at that level, it could pave the way for a significant breakout toward the predicted $0.40 target.

    As of now, Dogecoin is trading at $0.2534, with bulls hoping for a break above the middle Bollinger band to confirm a stronger uptrend.

  • XRP Targets $3.36 with Cup and Handle Pattern: What’s Next?

    XRP Targets $3.36 with Cup and Handle Pattern: What’s Next?

    XRP has recently formed a cup and handle pattern on its daily chart, signaling potential bullish movement ahead.

    Analyst Thom Sieloff highlighted the development in his latest analysis, noting that XRP has been consolidating between key levels following a significant drop from $2.83 on February 15.

    After peaking above $3 in January, XRP saw a downturn that brought it to a low of $2.26 on February 7. This drop was followed by a period of consolidation where the selling pressure eased. As the price recovered to $2.83 on February 15, the pattern of a cup started to emerge.

    This cup pattern was completed with a subsequent consolidation phase, forming the handle of the pattern, with the price fluctuating between $2.4 and $2.7.

    The cup and handle structure is widely regarded as a bullish continuation pattern, where the handle represents a short period of consolidation before a potential breakout.

    The crucial breakout point for XRP is expected to be at the resistance level of $2.7. Once XRP surpasses this level, a breakout could occur, pushing the price upwards.

    According to projections from the AI chatbot Grok, assets typically see a 20 to 30% rally after breaking above the handle’s resistance. For XRP, this could mean a surge to $3.36.

    This price level was last seen on January 20, but the asset faced strong resistance at that time. If XRP can maintain its momentum this time, it could push past the $3.36 mark.

    Currently, XRP is trading at $2.56, having seen a 4.41% drop on February 21. However, market analysts are optimistic about a recovery that could see XRP retesting the $2.68 resistance and ultimately breaking out, potentially paving the way for a move toward $3.36 and beyond.

    Keep an eye on XRP as it tests these critical levels, and watch for a potential breakout that could signal a new bullish phase for the cryptocurrency.

  • Could Shiba Inu Reach $1? The Math Behind the Massive Supply Burn

    Could Shiba Inu Reach $1? The Math Behind the Massive Supply Burn

    Shiba Inu (SHIB) has remained a hot topic in the crypto space, with investors hoping for a massive price surge.

    While analysts have set mid-term targets around $0.0001553, some long-term projections aim for ambitious milestones like $0.01 or even $1.

    However, reaching $1 per SHIB presents a huge challenge due to its massive circulating supply.

    The Problem with SHIB’s Current Supply

    Currently, Shiba Inu has a circulating supply of 589 trillion tokens. If SHIB were to reach $1 per token, its market cap would skyrocket to $589 trillion—a figure that far exceeds the total global economy.

    Even achieving a $1 trillion market cap, as suggested by lead developer Shytoshi Kusama, would be a monumental task.

    But what if SHIB’s market cap was set to a more realistic $500 billion? How much supply would need to be burned?

    How Much SHIB Must Be Burned for a $500B Market Cap?

    To reach $1 per SHIB with a $500 billion market cap, the circulating supply must be reduced to just 500 billion tokens.

    This means the Shiba Inu community would need to burn 588.5 trillion SHIB, or a staggering 99.91% of the current supply.

    Such a drastic burn is highly unlikely, making a $1 SHIB price nearly impossible under current conditions.

    While Shiba Inu continues to explore burn mechanisms and ecosystem growth, hitting $1 would require extreme measures, including massive token reductions and exponential demand growth.

    For now, SHIB investors may find more realistic targets in the fractions of a cent range, rather than chasing the elusive $1 dream.

  • Crypto Industry Scores Victory as SEC Drops Appeal

    Crypto Industry Scores Victory as SEC Drops Appeal

    The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in a key crypto rulemaking case. This move, made on Wednesday, signals a shift in how the regulator approaches digital assets under the new administration.

    In a legal filing with the U.S. Court of Appeals for the Fifth Circuit, the SEC stated that it wished to “voluntarily dismiss this appeal.” The decision was not opposed, marking a clear end to the case.

    The case began when a Texas judge ruled against the SEC’s attempt to expand its definition of “dealer.” The agency wanted decentralized finance (DeFi) users and projects to follow stricter securities laws. However, the judge said this move went beyond the SEC’s authority.

    The crypto industry welcomed the decision. Kristin Smith, CEO of the Blockchain Association, called it a “major win” and said the ruling prevents the SEC from overstepping its powers. She also expressed hope for better cooperation between the agency and the digital assets industry in the future.

    The SEC’s previous leadership, under Gary Gensler, had pushed for stricter rules on DeFi. Commissioner Hester Peirce, a known crypto advocate, had criticized the move, warning that it could harm market growth.

    Since Gensler’s departure, the SEC has shown signs of a more open approach to crypto regulation. Acting SEC Chair Mark Uyeda has formed a special task force, led by Peirce, to create clearer rules for the industry.

    Meanwhile, the SEC’s enforcement cases against Binance and Coinbase remain uncertain. A Washington, D.C., judge recently paused the case against Binance for 60 days, and a New York court allowed Coinbase to appeal its legal battle with the SEC.

    The SEC has not yet made a public statement on its decision to drop the appeal.

  • Ethereum Stuck Below $2,800—Is a Bullish Breakout Coming Soon?

    Ethereum Stuck Below $2,800—Is a Bullish Breakout Coming Soon?

    Ethereum has been caught in a tight trading range between $2,650 and $2,750 over the past week, creating uncertainty about its next move.

    While the market remains indecisive, Ethereum is testing crucial demand levels, but ongoing selling pressure continues to suppress the price action.

    Is Ethereum on the Verge of a Breakout?

    Ethereum is currently facing resistance near the $2,800 zone, which has historically acted as a strong supply level.

    According to analyst Jelle, Ethereum is still within a multi-year ascending triangle, a bullish technical pattern that suggests potential for a breakout.

    If ETH can break above $2,800, it may open the door for a move toward $3,000. However, failure to reclaim these levels could lead to further downside, possibly targeting $2,500.

    Key Levels to Watch

    Ethereum needs to reclaim and hold above $2,700 for any bullish momentum. A sustained push past $2,800 would confirm a recovery, while failure to hold key levels like $2,600 could lead to a deeper correction.

    The coming days will be crucial in determining whether ETH can reclaim its bullish momentum or if selling pressure will take over.

  • Dogecoin Struggles Below $0.26—Will Bulls Step In?

    Dogecoin Struggles Below $0.26—Will Bulls Step In?

    Dogecoin’s price is struggling to regain momentum after a recent drop below $0.270, with key resistance levels preventing a breakout.

    Despite an attempted recovery from its $0.2420 low, DOGE remains under pressure, trading below the 100-hourly simple moving average and facing strong resistance at $0.2560 and $0.2600.

    Why Is DOGE Struggling?

    After failing to sustain gains above $0.2840, Dogecoin followed Bitcoin and Ethereum into a downward move, breaking through important support zones.

    It attempted a partial recovery, moving above the 23.6% Fibonacci retracement level, but still lacks bullish momentum to push past resistance.

    A bearish trend line at $0.2560 is creating additional hurdles, with the next major resistance at $0.2670. If DOGE manages to break this level, it could surge toward $0.300 or even $0.320 in a strong rally.

    What’s Next for DOGE?

    If Dogecoin fails to break $0.2600, it could drop further, testing key support at $0.2420 and $0.2350. A break below $0.2350 could send DOGE down to $0.2220 or even $0.2150, prolonging its consolidation phase.

    For now, bullish momentum is weak, and DOGE needs a strong volume surge to reclaim key resistance levels. Traders should watch for a potential breakout or another dip before making their next move.

  • SHIB Whale Sends $2.28M Back to Coinbase – Time to Sell?

    SHIB Whale Sends $2.28M Back to Coinbase – Time to Sell?

    The cryptocurrency market may seem slow, but behind the scenes, massive transactions continue to shake things up.

    One such move recently caught the attention of the crypto community—a staggering 151,942,008,799 SHIB transfer worth approximately $2.28 million to Coinbase.

    What’s Happening with This SHIB Transfer?

    A wallet labeled “0x4c92” initially withdrew this massive SHIB amount from Coinbase just a week ago.

    However, in an unexpected twist, the same SHIB tokens were sent back to Coinbase in a single batch, raising speculation about the true intent behind the move.

    Typically, when whales deposit large sums on an exchange, it signals a potential sell-off. The most liquid platforms, like Coinbase, offer ideal conditions for executing high-volume trades without causing major price slippage.

    However, another theory suggests that this could be an internal Coinbase operation, though certain clues—such as a small ETH purchase to cover gas fees—suggest the wallet might be decentralized.

    Why This Matters

    With the SHIB market experiencing increased burns and heightened whale activity, this move could either indicate a strategic sell-off or internal restructuring by a major entity.

    Given the current market volatility, investors should stay alert for further developments, as such large transactions often precede major price movements.

  • Chainlink Eyes $19 Breakout – Will Bulls Regain Control?

    Chainlink Eyes $19 Breakout – Will Bulls Regain Control?

    Chainlink (LINK) has plummeted nearly 40% over the past month, causing concern among investors.

    After dropping from $19.20 to $17.28, the price has slightly rebounded, trading at $18.05 at press time. The key question now is whether a recovery is on the horizon.

    LINK’s Price Drop and Market Activity

    According to analysts, LINK’s decline aligns with a network contraction, indicating reduced activity on the Chainlink network since November 30.

    The MVRV ratio, which measures trader profitability, shows that investors who bought in the past 30 days are at an average loss of -16%—a level that has historically marked selling exhaustion and potential reversals.

    Whale Accumulation and Rebound Signals

    Despite the price drop, whales have been buying the dip, accumulating over 1.10 million LINK worth $20 million in the last 24 hours.

    Historically, Chainlink has rebounded when MVRV falls below -16%, with past gains of 312%, 64%, 61%, 25%, and 52%.

    For a confirmed rebound, LINK must break past $19 to target $23.70. However, if LINK loses $15.50, a deeper correction could follow.

    What’s Next for Chainlink?

    With market uncertainty and upcoming Fed policy updates, traders should watch for a breakout above $19 for bullish confirmation.

    If confidence returns and whales continue accumulating, LINK could recover in the coming weeks. However, losing key support at $15.50 could invalidate this outlook and push prices lower.

  • XRP Aims for $2.80 After Burn Rate Surge – Will It Hold?

    XRP Aims for $2.80 After Burn Rate Surge – Will It Hold?

    XRP is showing strong signs of renewed market activity, with both price action and on-chain metrics indicating a rise in engagement.

    Traders and investors are returning, increasing demand for the asset despite its recent struggles with resistance levels.

    XRP Burn Rate Rises

    A key factor driving this momentum is the increase in XRP burned as transaction fees. On February 17, over 5,500 XRP were burned, highlighting a rise in blockchain activity.

    Historically, higher burn rates have often preceded price movements, as they indicate greater network usage from trading and institutional activity.

    Technical Indicators Support an Uptrend

    From a technical perspective, XRP remains above key support levels and is following an upward trendline.

    The price has been holding steady around $2.50, and if buying pressure continues, XRP may attempt a breakout toward the $2.70–$2.80 range.

    However, a pullback remains possible if this trend is not sustained, with key support forming around $2.25. Moving averages remain supportive, particularly the 50-day EMA, which is acting as a strong floor for XRP’s price.

    Will XRP Keep Rising?

    While higher burn rates and increased network activity are positive indicators, sustained growth depends on overall market conditions and demand. If bullish momentum continues, XRP could break through resistance and move higher.

    Traders should watch for a potential consolidation phase before the next big move. If network activity remains strong, it could signal growing investor confidence, paving the way for XRP’s next major price shift.