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Bitcoin, Binance, Ethereum, Solana And Ripple: The Biggest Crypto News Of The Past Week

Mon 17 Feb 2025 ▪ 5 min read ▪ by Luc Jose A.
Getting informed Altcoins

Amid revolutionary announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield of regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Bitcoin, Ethereum, Binance, and Ripple: The biggest news of the past week

Libra crashes: crypto scandal in Argentina, CZ lectures investors!

The Libra token, backed by Argentine President Javier Milei, collapsed in just a few hours, plummeting from a market cap of $4.56 billion to just $257 million. The cause: mass withdrawals orchestrated by insiders, who drained $107 million in USDC and Solana, triggering a flash crash. Changpeng Zhao (CZ), former CEO of Binance, reacted by reminding investors of the fundamentals: analyze the tokenomics, avoid ultra-centralized projects, and beware of cryptos promoted by politicians. This fiasco tarnishes Milei’s image, once viewed as a “Bitcoin president”, and could affect the confidence of Argentinians in cryptos. 🔗 Read the full article

Bitcoin reserves at an all-time low: an imminent supply shock?

Bitcoin reserves on centralized exchanges have reached a historically low level, with only 2.5 million BTC available. This decrease heightens the scarcity of the asset, which could lead to price increases if demand continues to grow, especially with the institutional influx via Bitcoin ETFs. Despite recent withdrawals of $186 million from U.S. ETFs, long-term investors continue to accumulate BTC. Some analysts estimate that if this trend persists, Bitcoin could reach $160,000 – $180,000 by the end of 2025. 🔗 Read the full article

The SEC triggers countdown for Dogecoin and XRP ETFs!

The SEC has officially launched the review of spot ETF applications for Dogecoin and XRP, submitted by Bitwise and VanEck. This decision marks a turning point in the legitimization of altcoins by financial institutions. If approved, these ETFs could pave the way for massive adoption and boost the prices of these cryptos. However, regulation remains a barrier: the SEC could reject these applications on the grounds of excessive volatility and a lack of clear use cases. The final decision is expected within 45 to 90 days. 🔗 Read the full article

National Bank of Canada bets $1.3 billion on a Bitcoin drop!

A fund of $1.3 billion from the National Bank of Canada has taken a short position on Bitcoin, anticipating a market drop after the recent surge. This strategy is explained by global economic tensions, potential stricter regulations on cryptos, and a possible technical correction after BTC surged above $100,000. Previous bearish bets by major institutions have sometimes preceded massive bullish movements, making this decision a key indicator for traders. 🔗 Read the full article

60-day truce between Binance and the SEC: towards a compromise?

The SEC and Binance have agreed to a 60-day judicial pause to allow for negotiation between the parties. This decision could foreshadow a relaxation of sanctions and a compromise on Binance’s activities in the United States. This truce comes in the context of a revision of crypto policy in the United States, with the Trump administration adopting a more conciliatory approach toward cryptos. If an agreement is reached, it could stabilize the regulatory environment for exchanges and reignite the dynamics of the crypto market. 🔗 Read the full article

Ethereum accelerates: goodbye slow forks, hello rapid innovation!

Ethereum is changing its strategy with two major updates, Pectra and Fusaka, aimed at accelerating network improvements and enhancing its scalability. Pectra, scheduled for April, will include 20 EIPs, including a doubling of the number of data blobs, thereby optimizing transactions and wallet management. Meanwhile, Fusaka, also expected in April, will improve transaction inclusion for faster processing. This new development pace aims to maintain Ethereum’s competitive edge against emerging blockchains. 🔗 Read the full article

That’s the key takeaway for this week. But if you would like a more detailed recap and in-depth analyses directly in your inbox, feel free to subscribe to our weekly newsletter.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.