$LTC Foundation announced on Twitter that a first ETF has been listed and recognized in the Spanish Canary Islands! Here is some information about the Canary Islands Around 2.24 million people live in the Canary Islands and the gross domestic product (GDP) per capita in 2021 was around 18,990 euros, with around 40% of GDP dependent on the tourism sector. The informal economy in the Canary Islands comprises undeclared and illegal economic activities, which account for around 17.9% of GDP and amount to over 8 billion euros annually. The informal economy means that business is carried out without paying taxes through loopholes and criminals also launder their money.
$LTC Foundation announced on Twitter that a first ETF has been listed and recognized in the Spanish Canary Islands! Here is some information about the Canary Islands Around 2.24 million people live in the Canary Islands and the gross domestic product (GDP) per capita in 2021 was around 18,990 euros, with around 40% of GDP dependent on the tourism sector. The informal economy in the Canary Islands comprises undeclared and illegal economic activities, which account for around 17.9% of GDP and amount to over 8 billion euros annually. The informal economy means that business is carried out without paying taxes through loopholes and criminals also launder their money.
FTX, the cryptocurrency exchange that collapsed in 2022, has begun repaying its creditors. Here's a summary of the situation as of February 19, 2025:
Key Points:
* Repayments have started: FTX began repayments to creditors on February 18, 2025.
* Prioritizing small claims: The first round of repayments focuses on smaller claims, those under $50,000.
* $1.2 billion in initial payouts: FTX aims to distribute $1.2 billion in this first phase.
* Controversy over valuation: The repayment plan has faced criticism because FTX is using the value of assets from November 2022 (when the exchange collapsed) to determine how much creditors are owed. This means that creditors may receive less than the current value of their assets, especially for cryptocurrencies like Bitcoin that have increased in price since then.
* Future repayments: Repayments for larger claims (over $50,000) are expected to begin in Q2 2025. Impact on the Crypto Market: The repayment process could have implications for the cryptocurrency market. Some analysts believe that the influx of funds from repayments could lead to increased trading activity and potentially affect the prices of cryptocurrencies like Bitcoin.
Current Price and Indicators - Price: $169.19 (as of 2025-02-18) - RSI (14): 33.96 (oversold, potential buying opportunity) - MACD: Negative signal line, indicating bearish momentum - Fibonacci Levels: Support at 178.997, Resistance at 205.294
Conclusion and Investment Strategy Recommendation
- Long-Term Investment: Strong fundamentals. Consider buying and holding Solana to capitalize on its growth. - Short-Term Caution: Wait for price stabilization above key support levels or positive news before entering.
Trump’s Crypto Power Move! New Token Reserve to Boost BTC & ETH!
📢 What’s happening?
✅ World Liberty Financial (WLF) is launching a strategic token reserve. ✅ Aims to reduce crypto market volatility & invest in DeFi projects. ✅ $500M in token sales already! ✅ Trump & affiliates own 60% of WLF!
🔥 Why does this matter? More institutional adoption for Bitcoin, Ethereum & DeFi! Could bring mainstream investors (teachers, firemen, dentists) into crypto. Trump’s pro-crypto stance may drive policy changes!
Will XRP (Ripple) Soar in 2025 When Its Bitcoin Moment Arrives?
XRP is the native cryptocurrency on the XRP Ledger, a blockchain built by Ripple to enable fast, cheap cross-border payments for financial institutions.
Several asset managers have asked the SEC for permission to create spot XRP ETFs, and the cryptocurrency could soar (like Bitcoin) if regulators approve.
Ripple has been embroiled in a legal dispute with the SEC for multiple years, but history suggests XRP could climb once the case is resolved.
XRP could soar following the approval of spot exchange-traded funds (ETFs) In January 2024, the Securities and Exchange Commission (SEC) approved the creation of spot Bitcoin ETFs. Those funds reduce friction for prospective investors by providing a form of Bitcoin exposure free from the complexities and high fees associated with cryptocurrency exchanges. Spot Bitcoin ETFs during their first year on the market attracted $37 billion in net inflows, which makes their introduction one of the most successful financial product launches in history. And the iShares Bitcoin Trust was the single most successful ETF as measured by net inflows during its first year, according to The Wall Street Journal.
CZ Says He Has No Idea How TST Got Listed on Binance, Reiterates He Doesn’t Endorse It
Changpeng ‘CZ’ Zhao, Binance’s founder, said today that he has no clue how TST, the meme token born from a BNB Chain tutorial, ended up listed on Binance. CZ went on X to tell his 8.7 million followers yet again that neither he nor Binance backs the coin, which exploded to a $41 million market cap before eventually stabilizing at $10 million. “I posted to clarify that TST was NOT endorsed by me or us,” CZ said, adding that every attempt to clear things up only made it more viral.
The rise of TST
TST was never meant to leave the tutorial. It was just a test coin created by a BNB Chain team member for an educational video showing users how to create memecoins on the four.meme platform.
Once the video went live, traders swarmed the token, pushing its value up and turning the token into an overnight sensation. As for the Binance listing, CZ said: “I am entirely NOT involved in their listing process. Based on historical experience, people always complain, ‘Why do you list this but not the coin I hold?’ You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges.” That’s what happened with TST: the demand from traders forced Binance’s hand. And things got messier when CZ discovered that someone in the TST community created a website and a Twitter account, slapping Binance’s logo on them without permission. CZ denied any involvement, saying, “As far as I know, neither of them is made or controlled by BNB Chain or any Binance-related team.” He added, “It is controlled by someone in the community. I don’t know who it is.”
Refers to a strategy where businesses, investors, or policymakers maintain steady tariffs despite market fluctuations, economic pressures, or trade uncertainties.
Inspired by the cryptocurrency term "HODL" (Hold On for Dear Life), this approach suggests resisting short-term political or economic incentives to adjust tariffs frequently.
Advocates argue that consistent tariff policies provide stability for businesses, encourage long-term planning, and prevent reactionary economic disruptions. However, critics warn that rigid tariffs may limit flexibility in responding to global trade dynamics.
Binance Expands Berachain (BERA) Integration Across Platforms Including Earn, Futures, and Convert Services
Binance is set to enhance its platform capabilities by integrating Berachain (BERA) into a wide array of its services.
Starting from February 6, 2025, at 13:00 UTC, Binance users will have the opportunity to engage with BERA through Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Auto-Invest, and Futures.
with the advent of the market movement, the crypto crash in the AI coins cannot go unnoticed.
2 days ago, on February 4th, tensions between the US and China reached new heights as China retaliated against the US’ decision to impose a 10% tariff on Chinese goods. China being China, Beijing introduced a 15% counter-tariff on select US products, sparking fear of a prolonged trade battle. This conflict is hitting the cryptocurrency market hard, especially AI-based projects that depend on key US tech companies.
Potential Bitcoin Reserves Discussed by Government Task Force
According to Odaily, David Sacks, known as the 'Crypto Czar,' addressed the possibility of Bitcoin reserves during a press conference in Washington on Tuesday. He stated that considering Bitcoin reserves is a primary issue for the government task force he is part of. However, the task force is still in its early stages, awaiting confirmation of some cabinet members. Sacks emphasized that this topic remains a priority.
When questioned about the involvement of the cryptocurrency industry in the White House's initiatives, Sacks mentioned that a statement would be released in the future to authorize some form of engagement with the industry.
Republican lawmakers joined Sacks at the press conference to announce the formation of a bipartisan congressional task force aimed at developing cryptocurrency regulatory frameworks. Sacks met with several Republican legislators, including Senate Banking Committee Chairman Tim Scott, Senate Agriculture Committee Chairman John Boozman, House Financial Services Committee Chairman French Hill, and House Agriculture Committee Chairman Glenn Thompson.
Previously, Sacks had indicated that the feasibility of Bitcoin reserves was under study, but he could not comment on whether sovereign wealth funds should hold cryptocurrencies.
U.S. Fourth Quarter Core PCE Price Index Matches Expectations
According to BlockBeats, the preliminary annualized quarterly rate for the U.S. core Personal Consumption Expenditures (PCE) price index in the fourth quarter was reported at 2.5%. This figure aligns with market expectations and shows an increase from the previous value of 2.20%. The core PCE price index is a key indicator used to gauge inflation and economic trends in the United States.
NYSE Arca Seeks Approval to Convert Grayscale's XRP Trust to Spot ETF
According to Odaily, the New York Stock Exchange (NYSE) Arca has filed a 19b-4 document, aiming to convert Grayscale's XRP Trust into a spot Exchange-Traded Fund (ETF). The trust currently manages assets worth approximately $16.1 million. This filing represents the second step in a two-part process for applying for a spot crypto ETF with the U.S. Securities and Exchange Commission (SEC).
The exchange submits the 19b-4 document to the SEC to propose amendments to existing rules, allowing the ETF to be traded. This step is crucial in the ETF approval process, and once the SEC approves the document, it will be published in the Federal Register, initiating the approval procedure.
MicroStrategy, a business intelligence firm led by Michael Saylor, has been actively acquiring Bitcoin as part of its corporate strategy.
As of December 8, 2024, the company held approximately 423,650 bitcoins, valued at around $42.43 billion, making it the largest corporate holder of the asset.
In the fourth quarter of 2024, MicroStrategy added nearly 200,000 bitcoins to its holdings, surpassing other public companies, including miners.
In December 2024, the company acquired an additional 15,350 bitcoins for approximately $1.5 billion, bringing its total holdings to 439,000 bitcoins.
As of January 6, 2025, MicroStrategy’s bitcoin holdings stood at approximately 447,470 bitcoins, valued at around $45 billion, with Bitcoin’s price exceeding $101,000.
This aggressive accumulation strategy underscores MicroStrategy’s strong belief in Bitcoin’s potential as a store of value and its commitment to integrating cryptocurrency into its corporate treasury.
Ethereum (ETH) is down 8% on Friday following rising selling activity in the crypto market after Chinese artificial intelligence startup DeepSeek went live. The top altcoin could be on the verge of validating a move that could send its price crashing over 25%. However, whales and derivatives traders remain optimistic, slowly buying the dip.
Ethereum selling activity rises, whales remain optimistic A few Ethereum investors panicked and sold their assets over the weekend, sending the top altcoin below the $3,200 level. This is evidenced in the Network Realized Profit/Loss metric, which shows that investors booked profits of over $430 million on Saturday. With the price decline extending to Monday, some investors have realized over $50 million in losses.
DeepSeek-R1: The AI Side Hustle That Just Shook the World
I. What is DEEPSEEK-R1? 🤨
Imagine this: A small group of Chinese developers thought, “Hey, let’s make a fun AI side project.” A weekend later, their “little project” managed to:
1- Wipe hundreds of billions from the US stock market 💵 2- Drag the crypto market down with it 3- Drop-kick ChatGPT off the #1 App Store spot
So… what’s the deal with DeepSeek-R1? Turns out, it’s got everyone sweating because it’s:
• Insanely efficient • Nearly free • And kind of amazing
II. WHY DID DEEPSEEK CAUSE A GLOBAL FREAKOUT?
1- Free-ish: 50 messages/day for free, and even heavy API use costs peanuts. 2- Runs anywhere: US banned Nvidia chips, so the devs built this beast to work on whatever hardware they could find—yes, even an iPhone. 3- Outperforms big names: Two months, <$10M, and this thing is rivaling models that cost a fortune.
📜 Reason for the Dip: The U.S. Federal Reserve is scheduled to announce Federal Funds Rates on 29th January, causing heightened market uncertainty and temporary selling pressure.
📈 What to Expect Next: The current dip is likely a short-term pullback. Recovery and growth are anticipated in the coming days.
💡 Important Reminder:
🛑 Do NOT sell out of panic or fear of loss. 🙌 Stay patient and HODL your investments through the volatility.
In the United States, consumer confidence is a key economic indicator that reflects how optimistic or pessimistic households are about the economy's future performance.
It is typically measured by surveys like the Consumer Confidence Index (CCI), which gauges expectations about employment, income, and overall economic conditions.
A higher consumer confidence score often signals consumers are more willing to spend, which drives economic growth.
Conversely, a drop in confidence may indicate worries about job security, inflation, or economic downturns, leading to reduced spending. Consumer confidence plays a vital role in shaping economic recovery, inflation control, and monetary policy decisions.
Solana (SOL) hit a record-breaking all-time high, fueled by the excitement surrounding Donald Trump’s upcoming inauguration.
This surge has sparked optimism across the crypto market, pushing the global market cap to an unprecedented $3.82 trillion – and the momentum doesn’t seem to be slowing down. With the so-called “Trump Pump” in full swing, investors are feeling bullish about the future of cryptocurrencies.
Solana’s Momentum Redefines Expectations. Is $400 Closer Than We Think by 2025?
Solana (SOL) has been experiencing significant momentum, prompting discussions about its potential to reach $400 by 2025. As of January 20, 2025, SOL is trading at approximately $247, with an intraday high of $276.79 and a low of $231.70.
Current technical indicators suggest a bullish trend for Solana. TradingView’s analysis rates SOL as a “strong buy,” based on popular technical indicators such as moving averages and oscillators. $SOL