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Ether has struggled to break out of its long-standing trading range, with hedge fund short positioning playing a key role in capping its price movement, according to analysts.Despite strong trading volume and recent surges in activity, structural weaknesses and competition from alternative networks have left ether vulnerable to ongoing bearish sentiment, an analyst said.
Federal Reserve Chair Powell’s testimony on February 11 will provide critical insights into monetary policy, potentially affecting market sentiment. The U.S. Consumer Price Index (CPI) report on February 12 will influence expectations regarding interest rate cuts and crypto price movements. Bitcoin remains in a narrow range between $95,000 and $100,000 as traders await economic data that could trigger significant volatility.
Quick Take Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger said that election event contracts on platforms like Kalshi are “here to stay.” Mersinger’s comments come after the CFTC clashed with Kalshi over whether the platform’s contracts over election results could lead to political interference. In September 2024, a federal judge ruled that the CFTC overstepped its authority in attempting to block Kalshi from listing these contracts.
Quick Take Donald Trump-backed World Liberty Financial is forming a strategic token reserve meant to “to bolster leading projects like Bitcoin, Ethereum and other cryptocurrencies that are at the forefront of reshaping global finance.” The DeFi platform’s reserve, dubbed Macro Strategy, will serve to help World Liberty Financial diversify its holdings, according to an announcement. World Liberty Financial also said it is “engaging” with financial institutions in the hopes they will contribute tokenized ass
Quick Take U.S. President Donald Trump plans to tap Brian Quintenz, head of global policy at a16z crypto, to chair the agency. Quintenz served as a commissioner of the CFTC from 2017 to 2021.
- 06:48Meme assets surge on a certain exchange, with VELVET, MOOMOO, ALTSOL, AINBSC, HYPER, DOLO, MANYU and others soaring as much as 876%Odaily Planet Daily News According to data from a certain exchange:VELVET saw a maximum increase of 226%, currently trading at 0.064 USDT, with a 24H gain of 226%;MOOMOO saw a maximum increase of 260%, currently trading at 0.0159 USDT, with a 24H gain of 219%;ALTSOL saw a maximum increase of 876%, currently trading at 0.091 USDT, with a 24H gain of 61%;AINBSC saw a maximum increase of 506%, currently trading at 0.18 USDT, with a 24H gain of 102%;HYPER saw a maximum increase of 112%, currently trading at 0.55 USDT, with a 24H gain of 97%;DOLO's 24H gain is 65%, currently trading at 0.067 USDT, with a 24H gain of 55%;MANYU saw a maximum increase of 1,652%, currently trading at 0.0000743 USDT, with a 24H gain of 19%.
- 06:48CryptoQuant Analyst: On-Chain Transaction Volume Rises Moderately, No Significant Selling Pressure Detected in the MarketOdaily Planet Daily News: CryptoQuant analyst Axel posted on X, stating that over the past two days, the network’s average daily transaction volume has increased from 340,000 to 364,000 transactions, an uptick of about 24,000. However, this level is still below the 2023-2024 peak range of 530,000 to 666,000 transactions. Currently, holders are responding calmly to the price increase, with no significant selling activity observed, which further strengthens the market’s bullish fundamentals and technical signals.
- 06:46Average Daily Bitcoin Network Transactions Rise from 340,000 to 364,000 as Holders Remain Calm Amid Market UptrendAccording to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that over the past two days, the average daily number of transactions on the Bitcoin network increased from 340,000 to 364,000, an uptick of 24,000 transactions. Although the current figure of 364,000 is still significantly below the peak levels seen in 2023–2024 (ranging from 530,000 to 666,000 transactions), it indicates that holders are responding calmly to the current market rally, with no signs of active selling pressure. This strengthens the bullish outlook from both fundamental and technical perspectives.