As XRP consolidates below the $3 mark, a cryptocurrency analyst has noted that the asset’s technical structure hints at a possible rally toward the $8 level. Specifically, the current XRP consolidation serves as a breakeven point for further gains, and once the $3 resistance is breached, the next target could exceed $5, according to pseudonymous analyst Dark Defender in an X post on February 4. Once this resistance is broken, the bullish wave structure suggests a strong push toward $5.85, with the final fifth wave aiming for levels above $8. XRP price analysis chart.Source: Dark Defender The analysis is based on the Elliott Wave structure, which projects the third wave reaching approximately $5.85, while the fifth wave is anticipated to push XRP beyond $8. This formation suggests a strong bullish continuation if XRP successfully breaks through the critical $3 level. “This structure aims at $8+ levels with its 5th Wave shortly. It has started to get exciting,” the expert said. If XRP trades at $8, its market cap would be approximately $462.21 billion, making it the second-ranked cryptocurrency just behind Bitcoin ( BTC ). XRP price levels to watch Another analysis by pseudonymous trading expert CasiTrades shared in an X post on February 5 suggested that XRP’s recent drop, which coincided with broader market sentiment, may represent its last low before a rebound. Despite a prolonged sell-off extending beyond initial projections, the analyst noted that the overall technical outlook remains unchanged, with key downside support targets at $2.16, $1.87, and $1.53. XRP price analysis chart.Source: TradingView The analyst stated that XRP is in the fifth C wave within an ABC correction, forming a large Wave 2. If this is the final low, a massive Wave 3 uptrend could follow, potentially pushing XRP past its previous all-time highs with minimal resistance. Beyond the technical aspects, XRP investors also consider other fundamental factors that could impact the Ripple-affiliated asset. For instance, prices remain subdued amid reports that Ripple plans to flood the market with an $800 million XRP sell-off in February, which could trigger volatility. XRP price analysis At press time, XRP was trading at $2.50, down over 5% in the last 24 hours. On the weekly chart, the token has plunged more than 18%. XRP seven-day price chart. Finbold At its current price, XRP remains under bearish pressure, as it is trading below the 50-day simple moving average ( SMA ). However, the token remains bullish in the long term, as its price is still above the 200-day SMA of $1.27. With a volatility of 11.77% and a relative strength index ( RSI ) of 41.38, the market appears neutral to slightly oversold. Featured image via Shutterstock The post It’s getting ‘exciting’ as this XRP structure sets next target at $8 appeared first on Finbold .
The race for blockchain dominance is intensifying, and while Polkadot (DOT) has been a pioneer in interoperability and scalability, a new contender is rising— Lightchain AI . With its cutting-edge technology aimed at solving traditional blockchain inefficiencies, Lightchain AI is positioning itself as the next major player in decentralized innovation. Its Stage 14 presale has already raised an impressive $15.2 million, with tokens priced at just $0.006—demonstrating strong investor confidence. Could this project become the breakthrough that reshapes blockchain technology? Let's take a closer look. Polkadot - Game-Changer in Blockchain Interoperability Polkadot made a significant impact in the blockchain space with its innovative parachain architecture, allowing multiple blockchains to operate together and securely share data. This revolutionary design opened up new possibilities for collaboration and innovation across industries. However, Polkadot's focus on interoperability has also highlighted challenges, particularly when it comes to scalability and efficiency during high transaction volumes. This is where Lightchain AI steps in. By addressing these issues with advanced scalability and next-gen features, Lightchain AI is positioning itself as a strong competitor to Polkadot’s throne. Could Lightchain AI be the future of blockchain innovation? The buzz suggests it very well might be. Stay tuned! Lightchain AI - Revolutionizing the Blockchain World Lightchain AI is transforming the blockchain landscape with cutting-edge features designed to make the technology smarter, faster, and more versatile. At its core lies the innovative Artificial Intelligence Virtual Machine (AIVM), enabling developers to seamlessly integrate AI-powered applications into blockchain ecosystems. Whether it’s healthcare, finance, or logistics, Lightchain AI adapts effortlessly to meet industry demands. But what truly sets Lightchain AI apart is its groundbreaking Proof of Intelligence (PoI) consensus mechanism. Rather than relying on traditional methods, PoI rewards nodes for performing AI computations, pushing the boundaries of machine learning and predictive analytics. This revolutionary leap is transforming blockchain into a hub for AI-driven innovation. Lightchain AI goes even further by combining decentralized governance with AI-powered decision-making, creating smarter, community-driven outcomes. These transformative features are paving the way for a smarter, more practical blockchain solution designed to solve real-world challenges. Can Lightchain AI Outshine Polkadot? So, what makes Lightchain AI a serious contender to surpass Polkadot? It's all about real-world impact and scalability. While Polkadot focuses primarily on interoperability, Lightchain AI goes further, offering end-to-end solutions tailored to diverse industries. From AI-powered analytics to secure data sharing, its versatility ensures it meets the needs of both enterprises and individual users. Moreover, Lightchain AI integrates advanced cryptographic protocols to ensure top-notch data security and network integrity—essential for industries dealing with sensitive information. This enterprise-friendly approach sets it apart from platforms aimed primarily at retail users. With its innovative features and real-world applications, Lightchain AI isn’t just challenging Polkadot—it’s redefining the potential of blockchain technology and unlocking new possibilities for industries everywhere Lightchain AI Urls: Website | Whitepaper | X | Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Ripple (XRP) and Cardano (ADA) have recently plummeted in their values, hitting multi-month lows that have got investors wondering whether they are still reliable investments. Meanwhile, many of these traders are leaning towards 1Fuel (OFT) , as the transaction volume increases right from the presale stage. 1Fuel (OFT) has seen a massive rise in its community adoption, especially after analysts predicted that it would grow by 1000% after the public listing. This is especially with the DEX wallet, which is changing how we can manage digital tokens from one platform. ADA and XRP Plummet in One Week Cardano (ADA) has been steadily decreasing since the start of the year, causing investors to consider other alternatives. In January, ADA dropped by a massive 33.88%, and even in the past week, its seen a decrease of 24.32%. Still, there have been little signs of recovery especially after it rose by 1.28% in the last 24 hours. Investors, including Ledger and Core Wallet holders, are looking forward to its increase this year. As for Ripple (XRP), it has been known as one of the best cryptocurrencies to invest in, but its growth has been slow this year. In the past month, it only increased by 3.63%. But the value has plummeted in a week, dropping by 19.75% in just a week. Ripple might eventually recover, especially after the increase of 2.03% in one day. 1Fuel (OFT) Sees Widespread Community Adoption 1Fuel (OFT) has already seen impressive investor interest ever since the presale started, as investors are excited about what it has to offer this year. The presale progress has been so fast, with stage 1 completing in less than a week and stage 2 following a similar pattern.. Now, stage 3 is over 70% complete, with the token offered at the lowest price it would ever be. Over 176 tokens from 1Fuel have been sold, with almost $1.8 million has been raised so far. Investors can buy in at the price of $0.017, with early adopters of the top DeFi token getting access to exclusive bonuses and priority access to the crypto card. This widespread investor adoption is due to 1Fuel’s DEX wallet, which has been compared to leading platforms like Core Wallet and Ledger. Experts Praise 1Fuel’s DEX Wallet Features Experts are excited about 1Fuel (OFT) right from the presale stage, especially because of its DeFi ecosystem. As one of the best cryptocurrencies to invest in, its backed by an expert team that has created a crypto wallet and exchange that dominates other options in the industry, including Ledger and Core Wallet. 1Fuel (OFT) comes with diverse financial tools in its ecosystem, starting with the one-click technology. The advanced crypto system allows investors to transfer assets across multiple blockchains with a single click. 1Fuel will handle all the matters concerning the transaction, including getting the lowest fee, and all you have to do is wait and see. Another highlight is 1Fuel’s integrated mixer, which anonymizes your transactions by blending them with others.. This offers the top DeFi token an edge over platforms like Core Wallet and Ledger. It also features a decentralized peer-to-peer exchange, a military-grade cold storage, and AI for optimizing your crypto portfolio. Join XRP and ADA Whales to Invest in 1Fuel Diverse crypto whales are rushing to accumulate 1Fuel OFT now that its as low as $0.017. As they anticipate the increase to 100x this year, the presale offers the best chance to buy in. You can join these investors in the 1Fuel stage 3 presale today. To Find Out More About The 1Fuel Presale Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X - https://x.com/1Fuel_ Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The longtime crypto skeptic linked debanking investigations to the Consumer Financial Protection Bureau, a banking watchdog Trump recently shut down.
Robinhood Derivatives announced that the Commodity Futures Trading Commission (CFTC) has requested it “not permit customers to access” sports event contracts. In response, Robinhood is suspending the rollout of its Pro Football Championship market, which had been introduced to approximately 1% of its users. CFTC Blocks Robinhood’s Sports Betting According to the official press release , the company said that customers who have already placed trades will have the option to either close their positions or see them through to resolution. Robinhood expressed disappointment with the decision, stating that it had been in regular communication with the CFTC regarding its intent and plans for the product. Robinhood maintained that it had taken necessary steps to advocate for balanced regulation in the futures and derivatives markets. This includes participating directly in a CFTC roundtable and providing written feedback to the watchdog. The financial services company, however, assured that “RHD will continue to collaborate with the CFTC as we work to roll out a more comprehensive event contracts platform later this year.” CFTC’s Increased Scrutiny The latest development emerged just a day after Robinhood launched sports events contracts in partnership with prediction market Kalshi. The product allowed users to trade on the outcome of the Philadelphia Eagles vs. Kansas City Chiefs Super Bowl game scheduled for February 9. This decision follows increased scrutiny from the Commodity Futures Trading Commission (CFTC), which is currently reviewing similar Super Bowl event contracts offered by Crypto.com and Kalshi. The agency is assessing whether these contracts meet derivatives compliance standards and safeguard against market manipulation. The CFTC has the authority to demand further documentation and could initiate enforcement actions or propose new regulatory measures. The suspension came amid broader regulatory tightening on event contracts, with the CFTC recently announcing plans for public roundtables on the issue. Crypto.com has maintained its confidence in the legality of its contracts, stating that it views the CFTC as the appropriate authority to ensure market integrity The post CFTC Crackdown: Robinhood Derivatives Forced to Withdraw Sports Event Contracts appeared first on CryptoPotato .
Remittix is a new platform that will let users exchange Bitcoin and Ethereum for cash and send it to any part of the world. This service is designed to make it easy for people to transfer their digital currency to real money and send it quickly and safely. Whether you're sending money to family or friends, Remittix aims to simplify the process and make global transactions faster. Bitcoin Makes History with Its First $100K Monthly Close With closing its first-ever monthly candle over $100,000, Bitcoin has achieved history! Closing at $102,400 on Bitstamp on January 31, Bitcoin broke all previous records. For those who favor Bitcoin, the last closure was still a major success even if market developments caused some price reduction at the end of the month. This $100K monthly close is significant as it shows the strength of the market and the growth of Bitcoin. For Bitcoin, January 2025 was a great month; February might provide even more fascinating price swings, maybe resulting in significant increases. Since the previous time Bitcoin reached this level set the ground for greater price increase, hence many people are expecting that the trend continues on. Many speculators think that the price of Bitcoin may keep rising in the next months; some even predict it to go much higher. People are eager to find out what comes next as February has always been a month with decent price performances for Bitcoin! Ethereum's Price Could Rise in February Recently doing well, Ethereum (ETH) trades over $3,300. Particularly with February fast coming, investors are seeing bright future prospects for Ethereum. Historically, February has been a decent month for Ethereum; many think this year will be much the same. The current surge in Ethereum purchase activity is one factor fueling this hope. Linked with Donald Trump, World Liberty Financial paid $10 million to purchase about 3,000 Ethereum. This has aided in Ethereum's price rise. The U.S. Securities and Exchange Commission's (SEC) approval of an Ethereum and Bitcoin exchange-traded fund (ETF) is yet another encouraging indication. This allows investors using one fund to invest in both Ethereum and Bitcoin. This might inflow additional Ethereum money. Anticipated to be online in March, Ethereum's engineers are also working on a significant improvement known as the Pectra upgrade. This update might raise Ethereum's value and enable it to perform more faultlessly. Ethereum's pricing could, however, provide several difficulties. Should Ethereum fail to surpass certain resistance thresholds, the price may fall below about $3,000. But should it continue to rise, it may reach above $4,300. Remittix Is The Next Big Thing in Crypto Imagine a day where transferring money anywhere is as simple as writing a text. Remittix handles everything from service payments to friend gifts to family member international travel expenses. Remittix provides worldwide, quick, cheap money transfer instead of stressing expensive fees or lengthy waiting periods. Imagine yourself in the US needing to transfer money to someone in Africa. Traditional providers might require you to pay expensive rates and wait days. But using Remittix, you can transmit your Bitcoin or Ethereum, convert it into cash, and allow the receiver to have instant access to the money. All of this is done with minimal transaction charge and securely. However, it gets much better. A presale token, remittix allows you to invest before the currency formally goes on sale by arriving early. Imagine entering on Bitcoin or Ethereum when they were just starting off; this may be your opportunity. Simplicity is what the Remittix platform is meant to reflect. Its characteristics make crypto understandable for everyone, not just computer enthusiasts. Sending money over the globe does not call for professionalism. With only a few clicks, you can send and receive money anywhere, as if you had an ability allowing this. So, if you're looking for the best coin to invest today and want to be part of the next big thing in crypto, Remittix is the one to watch. The future of money is changing and Remittix is at the heart of it. Don’t miss out! Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions. PAX gold (PAXG) and Tether gold (XAUT) have benefitted greatly from the precious metal’s rise, both rising roughly 10% in line with the spot price of gold. Each of these tokens is backed by one troy ounce of gold stored in a vault. Unsurprisingly, in the traditional market, gold miners' stocks have also surged. VanEck Gold Miners ETF (GDX), an exchange-traded fund (ETF) that tracks gold miners, has risen nearly 20% this year, outperforming the S&P 500. The price action has seen the supply of these tokens grow, with token mints outpacing burns by millions of dollars weekly. Transfer volumes for gold-backed cryptocurrencies, according to RWA.xyz data, have meanwhile surged more than 53.7% month over month. Gold’s price has risen this year over tariff threats from both the U.S. and China, the Spring Festival holidays in the latter country and a broader trend of growing demand. Last year, demand for the precious metal hit 4,945.9 tons, worth around $460 billion, according to the World Gold Council . Meanwhile, most major cryptocurrencies have struggled so far this year. Bitcoin saw a modest 3.6% rise, leading the bitcoin-gold ratio to a 12-week low , while ether is down more than 17.6%. The CoinDesk 20 index is up just around 0.5%. “Gold’s rally and bitcoin’s dip aren’t a failure of the 'digital gold' narrative — they’re a setup,” Mike Cahill, core contributor to the Pyth Network, told CoinDesk in a written statement. “Right now, trade war fears and a strong dollar are fleeing a flight to traditional safe havens, but once liquidity returns and risk appetite rebounds, bitcoin could catch up in a big way.” “Smart investors know BTC is still the hardest asset next to gold, and when Trump’s pro-crypto stance materializes into actual policy, bitcoin stands to benefit massively,” he said.
The post FDIC Releases Documents on Crypto Debanking Ahead of Congressional Hearing appeared first on Coinpedia Fintech News Just ahead of the scheduled congressional hearing on banking practices and financial access, the Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks that engaged in, or sought to engage in, crypto-related activities as per a recent press release. Notably, the documents show regulators resisting, with banks experiencing delays, additional information requests, and orders to halt or limit their blockchain and crypto operations. Acting FDIC Chairman Travis Hill said releasing these documents will improve transparency. The move also seeks to go beyond the requirements of the Freedom of Information Act (FOIA). The FDIC had earlier shared 25 “pause” letters sent to 24 institutions exploring blockchain and crypto. The new documents include more correspondence with these institutions and additional communications with other banks that were not previously listed.
U.S. lawmakers are ramping up efforts to dismantle “Operation Chokepoint 2.0,” vowing to end regulatory overreach and restore fair banking access for the thriving crypto industry. Lawmakers Push Back Hard Against Crypto Banking Blacklist—Crackdown Challenged Efforts to dismantle “Operation Chokepoint 2.0” continue to gain traction, with lawmakers pushing back against alleged regulatory overreach targeting the
BlackRock's European Bitcoin ETP launch could accelerate institutional crypto adoption and influence regulatory frameworks across the continent. The post BlackRock plans to launch Bitcoin ETP in Europe as soon as this month after US success appeared first on Crypto Briefing .