Top stories this week
- SEC Ends Investigation into NFT Marketplace OpenSea
The U.S. Securities and Exchange Commission (SEC) has ended its investigation into the NFT marketplace OpenSea, marking a shift towards more crypto-friendly regulation. This decision is seen as a potential turning point for the NFT market, indicating regulators may be easing their scrutiny of similar platforms. - SEC Reviews Multiple Crypto ETFs, Including XRP
The SEC has acknowledged the filing of three spot XRP ETFs, alongside other crypto ETFs such as the Grayscale Cardano ETF. This flurry of applications and the SEC’s acknowledgments suggest an acceleration in the review and potential approval of crypto ETFs, reflecting growing institutional interest. - Montana Rejects Bitcoin Reserve Bill
Montana lawmakers voted against a bill proposing Bitcoin as a state reserve asset. This makes it the fourth U.S. state to consider but ultimately reject such legislation, indicating divided opinions on adopting cryptocurrency as a governmental financial reserve. - Binance US Resumes USD Services After Long Halt
Binance US has resumed its USD deposit and withdrawal services after more than a year of suspension due to a regulatory halt. This marks a significant step towards restoring full functionality to its U.S. customers, signaling progress in overcoming regulatory challenges. - Brazil Approves First Spot XRP ETF
Brazil has approved the world’s first spot XRP ETF, launched by Hashdex. This development places Brazil ahead of the United States in approving this financial product, highlighting a progressive approach towards integrating cryptocurrency into traditional financial markets. - Nigeria Files $81.5 Billion Lawsuit Against Binance
The Nigerian government has filed a lawsuit against cryptocurrency exchange Binance, seeking $81.5 billion for alleged economic damages and tax evasion. This legal action reflects increased global scrutiny and regulatory action against major crypto exchanges. - Michael Saylor Plans $2 Billion Fund to Buy Bitcoin
Michael Saylor, a prominent Bitcoin advocate, announced a plan to raise $2 billion to purchase more Bitcoin. This move emphasizes the ongoing institutional interest in Bitcoin, with Saylor’s strategy seeking to significantly increase Bitcoin holdings. - Canary’s Litecoin Spot ETF Listed on DTCC
Canary Capital’s Litecoin spot ETF has been listed on the Depository Trust & Clearing Corporation (DTCC). This listing signifies a step forward toward approval, potentially setting the stage for broader acceptance of crypto ETFs in mainstream finance. - Franklin Templeton Launches Bitcoin and Ethereum ETF
Investment firm Franklin Templeton has launched a new exchange-traded fund (ETF) that combines exposure to both Bitcoin and Ethereum. This initiative broadens investment opportunities for those seeking diversified exposure to major cryptocurrencies. - Trending Altcoins in February 2025
Various altcoins have been trending in February 2025 due to significant price movements and interest from crypto whales. This trend highlights shifting interests within the cryptocurrency markets as investors seek opportunities beyond major coins like Bitcoin and Ethereum.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
Story (IP)
The recent surge in Story (IP) coin’s price, climbing an impressive 41.49% in the last 24 hours and an astonishing 168.06% this week, is largely attributed to renewed investor confidence and strategic partnerships. Analysts are excited about the potential of Story’s underlying technology and its applicability in various sectors, creating a buzz that drives up demand for the coin. Additionally, the broader cryptocurrency market’s bullish momentum, despite some general turbulence, has enhanced investor sentiment towards altcoins like Story (IP), further contributing to its ongoing price rally.Maker (MKR)
Maker (MKR) has shown impressive resilience amidst a generally bearish market, with a 8.96% rise in the past 24 hours and an outstanding 38.85% price increase this week. Key factors contributing to its surge include substantial activity from crypto whales and technical indicators suggesting bullish momentum. The MKR price also benefits from trader optimism about potential market breakouts and a break from its previous bearish trend, demonstrating its ability to defy broader market sentiments and rally significantly.STP (STPT)
STP (STPT) is experiencing a significant price increase of 15.14% in the last 24 hours and 32.23% this week, suggesting strong investor interest and market momentum. While wider debates continue around the altcoin market potential, STP (STPT) appears to be riding a positive wave and capturing attention, possibly due to unique developments or partnerships fueling confidence in its future value.THORChain (RUNE)
THORChain (RUNE) has shown impressive growth with a +15.49% increase in the past 24 hours and a remarkable +28.49% rise this week. This surge can be attributed to favorable technical analysis projections suggesting potential upward movement, enticing trader interest. Furthermore, conversations around governance enhancements highlight the community’s active engagement in strengthening the protocol’s resilience, which may boost investor confidence and contribute to the positive price trajectory.Celestia (TIA)
Celestia (TIA) has witnessed a significant rise in its price, skyrocketing by +16.05% in the last 24 hours and +22.15% this week. This rapid appreciation is fueled by its strong backing from major crypto exchanges and the groundbreaking technical concepts introduced since its launch. The growing interest and potential for TIA to lead an altcoin rally into 2025 are driving investor confidence and enthusiasm.Sei (SEI)
The price of Sei (SEI) has seen significant growth, with a +3.47% increase in the last 24 hours and an impressive +21.19% over the week. This boost in price could be attributed to several factors: Sei’s recent adoption of the parallel stack in its V2 update enhances its blockchain’s performance, boosting investor confidence. Additionally, high-profile purchases like the $125,000 investment from World Liberty Financial have spurred market interest, causing a surge in trading volume and social activity, which point towards potential further increases for SEI.
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