The Blockchain Bulletin, Feb 8: Ethereum Mirrors its Pattern From 2016

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Cryptotale2025/02/07 22:21

By:Mercy

Hey folks! Welcome to another edition of The Blockchain Bulletin. Let’s have a quick peek at the events that took place in the crypto landscape over the last 24 hours. The market witnessed over 115,454 traders in the liquidated state, with total liquidations reaching $296.71 million. Notable liquidations include Bitcoin at $73.02M with its Longs at $45.46M and Shorts at $27.56M, while Ethereum witnessed $64.83M with its Longs at $47.03M and Shorts at $17.80M. XRP saw $17.22M with its Longs at $8.15M and Shorts at $8.71M.

Ondo Chain’s launch is a major step in bridging traditional finance and DeFi, allowing ETFs, stocks, and bonds to integrate with blockchain technology. Institutional interest is growing as a result, further legitimizing digital assets.

Regulatory action is also heating up. The U.S. is preparing for a key hearing on cryptocurrency rules, while the Cboe has filed for SEC approval of XRP ETFs. Meanwhile, Solana is gaining traction, with VanEck forecasting a price rise to $520 following the SEC’s green light for a Solana ETF. Ethereum also shows signs of an imminent bull run, with strong technical patterns supporting further upside.

Bitcoin remains at a critical juncture, with market watchers eyeing its ability to sustain bullish momentum. Optimism extends to altcoins, with analysts predicting a revival. Helium (HNT) is already showing positive signals with key support levels.

Institutional investment continues to expand. Gemini is considering an IPO, and BlackRock has increased its stake in Strategy $MSTR to 5%. Meanwhile, Maryland and Kentucky are exploring Bitcoin as a reserve asset, with a Kentucky bill proposing the allocation of up to 10% of state funds in Bitcoin and crypto. Stablecoins are also seeing growth, as USDC’s supply reaches an all-time high of $56 billion.

On the regulatory front, Japan’s Financial Services Agency has requested Apple and Google to remove apps from five unregistered overseas cryptocurrency exchanges, including Bybit, KuCoin, and MEXC. Additionally, Allium and Visa have developed a new methodology for tracking stablecoin transactions, filtering out artificial inflation.

With increasing regulatory clarity and institutional involvement, the crypto market is evolving toward mainstream adoption, positioning blockchain as a crucial component of the global financial system.

The post The Blockchain Bulletin, Feb 8: Ethereum Mirrors its Pattern From 2016 appeared first on Cryptotale.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14