Author: Defx Intern

The popular meme coin PEPE is currently facing strong resistance at the $0.00001152 level, with bears regaining control of the market. The token’s recent failure to break above this crucial resistance has left it consolidating, hinting at a possible downward move if buyers fail to step in and provide support.

The battle between buyers and sellers at this key level will likely determine PEPE’s next major move. If selling pressure persists, the token may test lower support levels at $0.00000766 and $0.00000589. A drop below the latter would be particularly concerning, as it could expose PEPE to a more significant downturn.

On the other hand, if buyers manage to defend the $0.00000766 support level, PEPE could potentially rebound and make another attempt at breaking through the $0.00001152 resistance. A successful breach of this level would open the door for further gains, with targets at $0.00001313 and above the 100-day Simple Moving Average.

Technical indicators, such as the 4-hour Simple Moving Average and the Relative Strength Index, suggest that bearish sentiment currently dominates the market. Traders should keep a close eye on these indicators, as a break above the 4-hour SMA and a sustained move of the RSI above the 50% threshold could signal a shift in momentum favoring the bulls.

As the crypto market continues to evolve, meme coins like PEPE remain highly speculative and prone to sudden price swings. Investors should exercise caution and thoroughly assess their risk tolerance before engaging in any trading activities.

Tags: PEPE, meme coin, market analysis, technical analysis, crypto trading

Source: https://www.newsbtc.com/analysis/pepe/pepe-face-strong-resistance/

Decentralized exchange aggregator 1inch Network has expanded its cross-chain swapping capabilities by integrating ZKsync, a layer-2 scaling solution for Ethereum. This integration aims to provide users with faster and cheaper transactions when moving crypto between different networks.

The integration of ZKsync into 1inch’s platform is a significant step forward in enhancing the user experience and reducing the costs associated with cross-chain swaps. By leveraging ZKsync’s zero-knowledge technology, 1inch can now offer its users the benefits of lower gas fees and increased transaction speeds without compromising on the security of the Ethereum blockchain.

This development is expected to attract both experienced DeFi users and newcomers to the 1inch ecosystem, potentially leading to increased trading volumes and liquidity growth. As more users adopt 1inch’s cross-chain swapping feature, it could further solidify the platform’s position as a leading DEX aggregator in the DeFi space.

Moreover, the integration of ZKsync highlights the growing importance of layer-2 scaling solutions in the Ethereum ecosystem. As the demand for DeFi services continues to grow, platforms like 1inch will need to adopt such solutions to ensure a seamless and cost-effective user experience.

Tags: 1inch, ZKsync, cross-chain swaps, layer-2 scaling, DeFi

Source: https://www.coindesk.com/business/2025/02/06/dex-aggregator-1inch-integrates-zksync-to-boost-cross-chain-swaps

In the wake of DeepSeek’s disruptive entry into the AI market, major players like Tether and OpenAI are making significant moves to stay competitive. As Tether ventures into AI-powered applications and OpenAI extends its reach to Europe, the intersection of artificial intelligence and blockchain technology is becoming increasingly apparent.

Tether’s foray into AI aims to bridge the gap between machine learning and cryptocurrency, with plans for an open-source SDK and AI-driven tools like translation, voice assistance, and a Bitcoin wallet assistant. This move could set a precedent for other blockchain firms to explore AI-powered services, potentially boosting the growing crypto AI sector.

Meanwhile, OpenAI’s introduction of a data residency program in Europe demonstrates the company’s willingness to comply with stricter data protection regulations in order to expand its reach and remain competitive. This development could prompt other AI companies to follow suit and implement similar compliance frameworks.

The departure of John Schulman from Anthropic underscores the intense competition within the AI research community and highlights the dynamic nature of the startup ecosystem. As companies vie for top talent, Schulman’s next move could have a significant impact on the market.

Amidst these shifts, projects like MIND of Pepe ($MIND) are positioning themselves to become major players in the crypto AI space. By launching an autonomous AI agent capable of gleaning market insights and delivering exclusive information to token holders, MIND of Pepe is poised to drive the convergence of AI and blockchain to new heights.

As the crypto AI landscape continues to evolve, investors and enthusiasts should keep a close eye on the developments in this space. While the market remains volatile and high-risk, the potential for groundbreaking innovations and lucrative opportunities is undeniable.

Tags: Tether AI, OpenAI Europe, crypto AI, MIND of Pepe, blockchain AI

Source: https://bitcoinist.com/tehter-rides-ai-hype-openai-makes-moves/

A board member of the European Central Bank (ECB) has suggested that former U.S. President Donald Trump’s support for “legitimate dollar-backed stablecoins” could potentially expedite the development of a digital euro. This statement highlights the growing influence of stablecoins in the global financial landscape and the increasing pressure on central banks to explore digital currency options.

Trump’s endorsement of stablecoins backed by the U.S. dollar could be seen as a strategic move to maintain the dollar’s dominance in the face of rising competition from digital currencies. By advocating for regulated stablecoins, Trump aims to ensure that the U.S. remains at the forefront of financial innovation while mitigating potential risks associated with unregulated cryptocurrencies.

The ECB board member’s comments underscore the mounting urgency for central banks to adapt to the rapidly evolving digital currency ecosystem. As stablecoins gain traction and threaten to disrupt traditional financial systems, central banks are compelled to accelerate their efforts in developing digital versions of their respective currencies.

The prospect of a digital euro has significant implications for the European financial market. A central bank-backed digital currency could enhance financial inclusion, streamline cross-border payments, and bolster the euro’s international standing. However, the ECB must carefully navigate the challenges associated with privacy, security, and monetary policy in the implementation of a digital euro.

As the race for digital currency supremacy intensifies, the ECB’s progress on a digital euro will be closely watched by market participants and policymakers worldwide. The outcome of this endeavor could reshape the European financial landscape and have far-reaching consequences for the global monetary system.

Tags: digital euro, ECB, stablecoins, Trump, cryptocurrency

Source: https://decrypt.co/304706/trump-crypto-digital-euro-ecb

A recent analysis by Coinbase Director Conor Grogan suggests that cryptocurrency exchange Kraken may hold vital information about the true identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Grogan’s findings, based on data from blockchain analytics firm Arkham Intelligence, point to a potential link between Satoshi and a Canadian exchange called Cavirtex, which Kraken acquired in 2016.

The speculation arises from an address labeled “1PYYj,” which Grogan connects to Satoshi through the well-known “Patoshi Pattern” cluster. This address reportedly received BTC from Cavirtex, leading Grogan to hypothesize that if the exchange held any KYC data on the address before Kraken’s acquisition, there is a chance that Kraken CEO Jesse Powell may have insights into Satoshi’s identity.

While the findings are intriguing, it is important to note that the evidence is circumstantial and does not definitively prove a link between Satoshi and Kraken. The Bitcoin creator’s identity remains one of the most enduring mysteries in the cryptocurrency world, and previous theories have often led to dead ends.

However, if Kraken does indeed possess information that could shed light on Satoshi’s identity, it would undoubtedly have significant implications for the Bitcoin market. The revelation of the creator’s true identity could potentially impact market sentiment, as well as raise questions about the future direction of the Bitcoin project.

As of press time, BTC trades at $97,834, and neither Kraken nor Jesse Powell has commented on the matter. The cryptocurrency community will undoubtedly continue to watch this story closely, as any credible lead in the hunt for Satoshi Nakamoto is sure to generate significant interest.

Tags: Bitcoin, Satoshi Nakamoto, Kraken, Conor Grogan, Coinbase, Cavirtex

Source: https://bitcoinist.com/kraken-may-know-bitcoin-creator-satoshi/

Michael Sonnenfeldt, founder of the private investment group Tiger21, recently announced that the group’s members, composed of some of the wealthiest investors, collectively hold $6 billion in cryptocurrency out of their $200 billion net worth. This significant allocation by high-net-worth individuals shines a spotlight on the growing interest in Bitcoin and top meme coins like $SOLX and $WEPE.

While the crypto sector has seen its fair share of scams, such as the recent compromising of Jupiter DEX and the former Malaysian prime minister’s accounts to promote fraudulent coins, legitimate projects with real utility continue to attract attention. Solaxy ($SOLX), a Layer-2 solution for Solana, aims to address the blockchain’s scalability issues and has already raised $18 million in its presale. Wall Street Pepe ($WEPE), a meme coin providing exclusive trading insights, has crossed the $70 million mark in its presale.

The involvement of wealthy investors in the crypto space is a testament to the potential they see in these assets, despite the volatility and risks associated with the market. As more institutional money flows into cryptocurrencies, it could lead to increased stability and mainstream adoption.

However, it is crucial for investors to thoroughly research and vet crypto projects before investing, as the market remains largely unregulated and prone to manipulation. The rise of meme coins like $MONKY and $FLORK also highlights the speculative nature of many crypto assets, which often prioritize hype over fundamentals.

As the crypto industry matures, projects with real-world applications and strong communities are likely to emerge as winners in the long run. The success of presale tokens like $SOLX, $WEPE, and $BEST demonstrates the appetite for innovative solutions in the space. Nonetheless, investors must remain cautious and diversify their portfolios to mitigate the risks associated with this nascent asset class.

Tags: Cryptocurrency, Bitcoin, Meme Coins, Wealthy Investors, Presale Tokens

Source: https://www.newsbtc.com/news/will-the-market-manifest-a-bull-run-for-top-meme-coins/

Bitcoin and Ether exchange-traded funds (ETFs) continue to garner significant investor attention, with Bitcoin ETFs gaining $66.37 million and Ether ETFs marking five consecutive days of inflows, adding $18.11 million. The sustained interest in these cryptocurrency-based investment vehicles highlights the growing mainstream acceptance and demand for exposure to the digital asset market.

The impressive inflows into Bitcoin and Ether ETFs underscore the increasing institutional and retail investor appetite for cryptocurrencies. As more investors seek to diversify their portfolios and gain exposure to the potential upside of digital assets, ETFs have emerged as a convenient and regulated avenue for investment. The consecutive days of inflows into Ether ETFs, in particular, indicate a growing recognition of Ethereum’s role as a leading blockchain platform for decentralized applications and smart contracts.

The market implications of these ETF inflows are significant. Firstly, the influx of capital into Bitcoin and Ether ETFs can provide a boost to the prices of the underlying cryptocurrencies, as increased demand drives up market sentiment. Secondly, the growing popularity of cryptocurrency ETFs may encourage more institutional investors to allocate a portion of their portfolios to digital assets, further legitimizing the asset class. Lastly, the success of these ETFs may pave the way for the approval of more diverse cryptocurrency-based investment products, such as futures-based ETFs or ETFs tracking other prominent cryptocurrencies.

From a technical analysis perspective, the sustained inflows into Bitcoin and Ether ETFs suggest a bullish sentiment in the market. As more capital enters these investment vehicles, it may provide support for the prices of Bitcoin and Ether, potentially leading to further upside momentum. However, investors should remain cautious and monitor key technical levels, as cryptocurrencies are known for their volatility and susceptibility to market fluctuations.

Tags: Bitcoin ETFs, Ether ETFs, Cryptocurrency Investing, Institutional Investors, Market Sentiment

Source: https://news.bitcoin.com/bitcoin-etfs-gain-66-million-while-ether-etfs-extend-five-day-streak-with-18-million-inflows/

The Shiba Inu cryptocurrency has been turning heads recently with analysts forecasting astronomical returns ranging from 858% to over 6,000%. Currently trading at $0.0000162, the meme-based token is being touted as a potential breakout star in the crypto market.

Prominent Shiba Inu community figure Javon Marks believes the token is on the cusp of a major price movement, predicting a tenfold increase to $0.0001553. Despite the recent sideways trading, Marks sees bullish signals that suggest SHIB is ready to break out of its current range.

However, the road ahead for SHIB is not without challenges. The token faced a 6% drop amidst concerns over US-China trade tensions after briefly recovering from a six-month low. Technical analysts also point to the need for SHIB to overcome a two-year-old descending triangle formation to maintain its upward trajectory.

The most optimistic prediction comes from internet celebrity “Investment CEO,” who boldly claims SHIB could reach $0.001, representing a staggering 6,072% increase from current levels. If realized, this would propel Shiba Inu’s market value to an astonishing $590 billion, surpassing many well-established cryptocurrencies.

While some analysts share Marks’ bullish outlook, citing brisk market conditions and the potential for further growth, others urge caution. The cryptocurrency market faces regulatory hurdles and macroeconomic headwinds that could impact speculative assets like SHIB.

As the Shiba Inu community eagerly awaits the token’s next move, it remains to be seen whether these bold predictions will come to fruition. The potential for substantial gains is undeniably attractive, but investors should approach with a measured perspective, considering the inherent volatility of the cryptocurrency market.

Tags: Shiba Inu, SHIB, price prediction, crypto market, meme coins

Source: https://www.newsbtc.com/shiba-inu/shiba-inu-set-for-a-10-fold-explosion-analysts-predicts-6000-surge/

As the crypto market experiences turbulence, Solana’s price has been slipping, leaving investors on the lookout for more stable and promising opportunities. Meanwhile, Lightchain AI, a newcomer in the blockchain and AI space, is turning heads with its presale reaching an impressive $15 million USD milestone.

The significant interest in Lightchain AI’s presale amidst Solana’s price decline suggests that investors are keen on exploring new projects that offer unique value propositions. The combination of AI and blockchain technology appears to be striking a chord with tech enthusiasts and investors alike, as evidenced by the rapid accumulation of funds in Lightchain AI’s presale.

This development could have implications for the broader crypto market, as it demonstrates a shift in investor focus towards innovative projects that bridge different cutting-edge technologies. As Lightchain AI gains traction, it may inspire other projects to explore similar intersections between AI and blockchain, potentially leading to new trends and investment opportunities.

However, it is essential to approach any new project with caution and conduct thorough research before investing. While the presale’s success is noteworthy, the long-term viability and potential of Lightchain AI will depend on various factors, including the strength of its technology, adoption, and ability to deliver on its roadmap.

As the crypto market continues to evolve, keeping an eye on emerging trends and projects like Lightchain AI can help investors stay informed and potentially identify promising opportunities. However, it is crucial to maintain a balanced portfolio and manage risk appropriately, especially in the face of market volatility.

Tags: Solana, Lightchain AI, crypto presale, blockchain, artificial intelligence

Source: https://news.bitcoin.com/solana-price-slips-while-lightchain-ai-presale-surges-to-15m-milestone/

A recent warning from Russian cybersecurity firm Kaspersky has revealed a new threat targeting cryptocurrency wallets. According to the firm, several apps available on popular app stores like Google Play and Apple App Store contain malicious components capable of scanning screenshots for seed phrases, putting users’ crypto holdings at risk.

The discovery of these apps highlights the ongoing security challenges in the cryptocurrency space. As more individuals adopt digital assets, hackers and cybercriminals are finding innovative ways to exploit vulnerabilities and steal funds. The ability of these malicious apps to scan for seed phrases stored in screenshots poses a significant threat, as many users may inadvertently expose their sensitive information.

This news underscores the importance of robust security measures when dealing with cryptocurrencies. Users should be cautious about the apps they download and grant permissions to, especially those related to their financial data. Storing seed phrases securely, away from digital devices, and using hardware wallets can help mitigate the risk of theft.

The crypto industry must prioritize user education and awareness to combat these evolving threats. Wallet providers and exchanges should actively inform their users about best practices for securing their digital assets and the potential risks associated with storing sensitive information on digital devices.

As the crypto ecosystem continues to grow and mature, addressing security concerns will be crucial in fostering widespread adoption and trust in digital assets. Incidents like these serve as a reminder that the industry must remain vigilant and proactive in protecting users’ funds and privacy.

Tags: crypto security, seed phrases, malicious apps, cryptocurrency wallets, cyberthreats

Source: https://news.bitcoin.com/warning-some-apps-are-searching-your-phone-for-seed-phrases-in-screenshots/