Large Ethereum holders bought approximately $2 billion worth of ETH, reducing the available supply and creating conditions that could support a sharp rally.
Author: chloe
chloe
Bitcoin, Ethereum, and Layer 1 infrastructure are at the center of Chloe’s coverage. She follows protocol upgrades, network changes, and technical decisions that affect how major blockchains evolve over time, with particular attention to long-term reliability and adoption.When relevant, she also tracks regulatory developments and market reactions tied to core blockchain systems.
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BitMEX announced the launch of Equity Perps, perpetual swap contracts that are cash-settled. Alongside the launch, they also enabled a promotional fund of 70,000 USDT in Trading Credits, designed to attract newly verified clients and encourage initial liquidity.
Strategy announced a strategic shift, as it will begin focusing on issuing Bitcoin-backed loans. The product, called Stretch (STRC), is designed to offer investors Bitcoin returns while reducing outright volatility.
Wirex and Collective Memory released a statement announcing their partnership, aimed at eliminating payment delays for digital creators. The solution, they announced, is effective immediately and will allow for the instant exchange and settlement of digital coins.
The European Union has unveiled another package of sanctions to regulate crypto activity in Russia, proposing a blanket ban on transactions involving the country. The measures aim to close perceived loopholes used to circumvent traditional banking sanctions, including the explicit hedging of the digital ruble.
The CLARITY Act is at a standstill after talks between the White House, banks, and major exchanges collapsed. The banks continue to push for stablecoins to be unable to offer returns to their users.
Danske Bank has begun offering Bitcoin and Ether ETPs to its retail customers. This move comes eight years after the bank banned its cryptocurrency services, despite high user demand.
Robinhood officially announced that developers have begun experimenting with various applications within its new Layer-2 network, thus marking the start of Robinhood Chain development through a public testnet. This initiative seeks to create a controlled technical environment to evaluate the network’s performance before its final integration into the retail brokerage giant’s main services.
Canaan, the giant mining equipment manufacturer, experienced a 6.9% drop on Nasdaq after reporting Canaan’s financial performance during the fourth quarter of the year. Despite achieving quarterly revenues of 196.3 million dollars, the highest figure in three years, market pressure pushed its shares toward the delisting zone on Tuesday’s trading session.
Ethereum managed to hold above the $2,000 support level for the first time in several sessions. This suggests that a broader recovery is possible and that market signals indicate the coin remains stable despite negative sentiment and institutional pressure.
