Author: Defx Intern

President Trump’s recent advocacy for US stablecoins has seemingly rekindled the European Union’s interest in its long-stalled digital Euro project. The EU Parliament fears that Trump’s plan to allow US stablecoin payments could lead to a capital flight from European banks. In response, the EU is now looking to expedite its digital Euro initiative to ensure that Euros remain within the European financial system.

The potential introduction of government-backed stablecoins on both sides of the Atlantic highlights the growing importance of decentralized, non-custodial wallets like Best Wallet. As the adoption of central bank digital currencies (CBDCs) increases, users will require secure and user-friendly wallets to store and transact with these digital assets.

Best Wallet, with its promise of a debit card and 8% cashback on offline transactions, is well-positioned to capture a significant share of the rapidly growing crypto wallet market. The platform’s native token, $BEST, offers additional benefits such as reduced transaction fees, higher staking rewards, and governance rights.

While the outlook for both the EU’s digital Euro and Best Wallet Token appears promising, it is essential for investors to exercise caution and conduct thorough research before making any investment decisions. The cryptocurrency market is known for its volatility, and regulatory developments can have a significant impact on the value of digital assets.

As the race between US stablecoins and the EU’s digital Euro heats up, it remains to be seen which project will come out on top. However, one thing is certain: the rise of CBDCs and stablecoins will likely fuel the growth of the crypto wallet market, presenting significant opportunities for platforms like Best Wallet.

Tags: US stablecoins, EU digital Euro, CBDCs, Best Wallet, $BEST token, crypto wallets

Source: https://www.newsbtc.com/altcoin/trump-stablecoins-eu-cbdc-decentralized-presales-best-wallet/

Bitcoin network activity has hit a one-year low, with a significant decline in the number of transactions and mempool volumes. However, despite the drop in activity, metrics point to potential bullish moves in the near future, according to a recent analysis by CryptoQuant.

The decrease in Bitcoin’s network activity can be largely attributed to the reduced usage of the Runes Protocol, a new method for issuing fungible tokens directly on the Bitcoin network. The daily number of OP_RETURN codes, which the Runes Protocol uses to record token mints and transfers, has plummeted from a high of 802,000 in April 2024 to just 10,000 currently.

While the drop in activity may seem concerning, it may not directly impact Bitcoin’s price. In fact, CryptoQuant suggests that the increasing demand from long-term accumulator addresses in recent weeks could signal a potential rally in the BTC price. Historically, such spikes in demand from permanent holders, who accumulate BTC over time without engaging in spending transactions, have been associated with price growth and indicate a perception of Bitcoin as a store of value.

The rise in long-term holder demand creates a lack of sell-side pressure, which could help support and drive Bitcoin’s price in the coming months. As the market continues to evolve and adapt to new protocols and trends, it is crucial for investors to keep a close eye on key metrics and indicators to make informed decisions.

Tags: Bitcoin, network activity, long-term holders, bullish sentiment, CryptoQuant

Source: https://www.coindesk.com/markets/2025/02/07/bitcoin-activity-hits-1-year-low-but-these-metrics-point-to-bullish-moves-cryptoquant

Bitcoin’s market behavior has undergone a dramatic transformation as its volatility has reached all-time lows. This newfound stability is not only reshaping the market landscape but also attracting institutional investors who previously shied away from the cryptocurrency’s wild price swings.

The introduction of US spot Bitcoin ETFs, coupled with strategic investments from countries and financial giants like BlackRock, has injected a staggering $40 billion into the market. As a result, Bitcoin’s price movements now resemble a “stair-stepping” pattern, characterized by steady rises interspersed with consolidation periods.

Interestingly, while short-term traders are selling due to market fluctuations, large investors, or “whales,” are quietly accumulating Bitcoin during price dips. This divergence in investor behavior highlights the growing confidence in Bitcoin’s long-term potential.

For long-term investors, Bitcoin’s current state presents a compelling opportunity. Despite a slight daily drop to $97,547, the cryptocurrency’s risk-adjusted returns continue to outperform most major asset classes. This unique combination of strong returns and reduced risk makes Bitcoin an increasingly attractive option for institutional investors seeking to diversify their portfolios.

As Bitcoin continues to mature and solidify its position as a reliable financial asset, it is likely to attract even more institutional investment. This, in turn, could usher in a new era of growth and mainstream adoption for the world’s leading cryptocurrency.

Tags: Bitcoin, volatility, institutional investors, ETFs, risk-adjusted returns

Source: https://www.newsbtc.com/news/record-low-bitcoin-volatility-a-magnet-for-institutional-investors/

The Canadian Investment Regulatory Organization (CIRO) has taken a firm stance against cryptocurrency funds, excluding them from its List of Securities Eligible for Reduced Margin (LSERM). Effective February 5, this decision comes amidst growing concerns over the high volatility, liquidity issues, and regulatory uncertainties surrounding the crypto market.

CIRO’s move to bar crypto funds from accessing lower margin rates underscores the perceived risks associated with these investment vehicles. By requiring traders to maintain higher collateral levels compared to traditional stocks or ETFs, CIRO aims to mitigate potential losses and protect investors from the inherent volatility of the crypto market.

This exclusion is likely to have significant implications for crypto fund investors in Canada. With more restrictive trading conditions and the need for higher margins, traders may face increased costs and risks when leveraging their crypto positions. The potential for forced liquidations in the event of market downturns further compounds these challenges.

As a result, Canadian crypto fund investors may need to reevaluate their strategies and consider the impact of higher margin requirements on their portfolios. This regulatory shift could also influence the broader crypto market sentiment, as it highlights the ongoing concerns and scrutiny surrounding cryptocurrency investments.

While CIRO’s decision aims to protect investors, it also raises questions about the long-term viability of crypto funds in Canada. As regulatory frameworks continue to evolve, it remains to be seen how this move will shape the future of the Canadian crypto investment landscape.

Tags: Canada crypto regulation, crypto funds, margin rates, trading restrictions, investor protection

Source: Canada Says No to Lower Margin Rates for Crypto Funds—Here’s Why

Cryptocurrency exchange Bybit has taken a significant step towards regulatory compliance in India by successfully registering with the Indian Financial Intelligence Unit. The exchange announced on Feb. 6 that it has resolved prior regulatory matters and paid a monetary fine, demonstrating its commitment to transparency and high standards.

This move comes as a positive development for Bybit, which has been facing regulatory scrutiny in India. By proactively addressing AML concerns and aligning with local regulations, Bybit aims to establish itself as a trusted and compliant player in the Indian cryptocurrency market.

The successful registration with the Financial Intelligence Unit is expected to boost investor confidence in Bybit and potentially attract more users to the platform. It also sets a precedent for other cryptocurrency exchanges operating in India, emphasizing the importance of regulatory compliance in the evolving digital asset landscape.

As Bybit navigates the regulatory framework in India, it is likely to focus on enhancing its AML measures and KYC processes to maintain a secure and compliant trading environment. This could involve implementing stricter verification procedures, monitoring suspicious activities, and collaborating with regulators to prevent financial crimes.

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The Indian cryptocurrency market has been growing rapidly, with increasing adoption and investment from both retail and institutional players. Bybit’s successful registration and commitment to compliance position it well to capitalize on this growth and establish a strong presence in the country.

Tags: Bybit, India, Regulatory Compliance, AML, Cryptocurrency Exchange

Source: https://news.bitcoin.com/bybit-addresses-aml-concerns-after-india-block/

Aptos (APT) has recently hit a six-month low following the market’s corrections, but according to analysts, the cryptocurrency could be poised for a significant rebound if it maintains a crucial support level. APT has been moving within a defined range, and its ability to hold the $5.45 support zone could determine its future trajectory.

The recent market correction saw Bitcoin drop to $91,000, with most cryptocurrencies following suit. Aptos briefly nosedived 34% to its lowest price since August 2024 but has since recovered 24%. The token’s movement within a defined range, with a higher zone between $15 to $17 and a lower zone around $4.80 to $5.45, has caught the attention of market analysts.

Crypto Analyst Rekt Capital suggests that APT must print a Weekly Close above $5.97 to maintain its technical uptrend and overall market structure. The $5.45 level is crucial for Aptos to develop a third cluster within its Macro Range, potentially leading to a reversal in the coming months.

For Aptos to break out of its 11-month downtrend, it would need to climb 95% above the $11 resistance level. A failure to do so could signal diminishing returns and weakening support. The 2023 rebound saw Aptos gain 211% from its range lows, while the 2024 rebound recorded a 145% increase before retracing.

In conclusion, Aptos’ ability to hold the $5.45 support level and close above $5.97 on a Monthly basis is crucial for its potential rally and retest of the downtrend. As of now, APT trades at $5.74, down 23% in the weekly timeframe.

Tags: Aptos, APT, Crypto Market, Technical Analysis, Support Levels, Resistance Levels, Price Prediction

Source: https://www.newsbtc.com/news/aptos-apt-could-see-a-95-rebound-but-it-must-hold-this-level-analyst/

The Federal Reserve has expressed support for stablecoin regulations, believing it would strengthen the dollar’s global dominance. This comes on the heels of the newly introduced GENIUS Act, which proposes national standards for stablecoin reserve assets. The bill mandates that stablecoins must be backed by safe, liquid assets like cash and short-term US Treasuries.

The Fed’s endorsement of stablecoins is a strategic move to counter the dollar’s recent loss of dominance to the Chinese yuan, particularly with the BRICS coalition pushing for de-dollarization. By expanding the use of dollar-pegged stablecoins in international trade, the US aims to maintain its financial supremacy.

This pro-crypto stance from the US government is a bullish signal for the entire cryptocurrency market. As stablecoins potentially become part of the national crypto stockpile, it could pave the way for other altcoins to enter the government’s portfolio. With broader crypto adoption on the horizon, the demand for user-friendly storage solutions like Best Wallet is poised to skyrocket.

As the regulatory landscape evolves, it’s crucial for investors to stay informed and adapt their strategies accordingly. While clearer regulations provide a more stable environment for crypto growth, the market’s inherent volatility still demands caution and thorough research before making investment decisions.

Tags: stablecoins, crypto regulation, GENIUS Act, Federal Reserve, Best Wallet

Source: https://bitcoinist.com/fed-backs-stablecoins-best-wallet-presale-hype/

Deribit, a popular cryptocurrency derivatives platform, has announced its decision to exit the Russian market due to European Union (EU) sanctions on Russia. Starting February 17th, Russian accounts will be switched to “reduce-only” mode, with all positions set to be forcibly closed by March 29th. However, withdrawals will remain open for Russian users.

The move by Deribit highlights the growing impact of international sanctions on the cryptocurrency industry. As the geopolitical landscape continues to evolve, crypto platforms are increasingly finding themselves navigating complex regulatory environments. The forced closure of Russian accounts on Deribit may lead to short-term volatility in the markets, as affected users adjust their positions.

The long-term implications of this decision remain to be seen. It is possible that other crypto platforms may follow suit, further restricting access to digital assets for Russian individuals and entities. This could potentially lead to a shift in the global cryptocurrency market dynamics, with users seeking alternative platforms or jurisdictions that are less impacted by sanctions.

As always, traders and investors are advised to watch the market closely and stay informed of any regulatory changes that may impact their activities.

Tags: Deribit, EU Sanctions, Russia, Cryptocurrency Regulations, Crypto Derivatives

Source: https://news.bitcoin.com/crypto-platform-deribit-bars-russian-nationals-due-to-eu-sanctions/

Recent analysis of the Bitcoin Coinbase Flow Pulse, an on-chain indicator tracking the net flow of BTC between Coinbase and other exchanges, suggests that the Bitcoin bull market is still intact despite the latest price volatility. The 30-day simple moving average (SMA) of the indicator has surged above the 90-day SMA and maintained a steep climb, historically signaling a shift towards a bull market phase.

The positive Coinbase Flow Pulse indicates a strong institutional interest in Bitcoin, as Coinbase is primarily used by US-based institutional entities. The absence of significant outflows typically seen in bear markets further supports the bullish sentiment. Additionally, the plunge in Bitcoin Exchange Reserves, measuring the total amount of BTC on centralized exchanges, reduces the risk of bearish pressure from self-custodial wallet inflows.

The confirmation of a continuing Bitcoin bull market by the Coinbase Flow Pulse is a positive sign for investors. As institutional interest remains strong and exchange reserves decrease, the potential for a supply shock-driven price rally increases. However, traders should remain cautious of short-term volatility, as demonstrated by Bitcoin’s recent pullback from $102,000 to around $96,700.

With leveraged trading up to 100x on perpetual contracts, a wide range of funding options, and passive earning opportunities up to 30%, DeFX offers an all-in-one platform for traders looking to capitalize on the ongoing Bitcoin bull market.

Tags: Bitcoin, Bull Market, On-Chain Analysis, Coinbase Flow Pulse, Institutional Interest

Source: https://www.newsbtc.com/bitcoin-news/bitcoin-still-bull-market-on-chain-indicator/

In a move that could significantly boost cryptocurrency adoption in Brazil, lawmaker Adriana Ventura has introduced a draft bill to allow investment funds to buy digital assets like Bitcoin. This regulatory shift may soon open the doors for institutional investors to gain exposure to the burgeoning crypto market.

The proposed legislation comes at a time when Brazil is witnessing a surge in cryptocurrency interest. With a supportive regulatory framework, the country could emerge as a key player in the global crypto ecosystem. Investment funds’ entry into the market is likely to bring in substantial capital inflows, potentially driving up demand and prices.

For investors, this development presents exciting opportunities. By trading cryptocurrencies on platforms like Defx, individuals can leverage up to 100x on perpetual contracts, enabling significant returns on investment. Moreover, Defx offers the unique ability to trade meme coins with leverage in spot margin on the Solana blockchain, catering to the growing appetite for alternative cryptocurrencies.

As Brazil moves closer to embracing cryptocurrencies, it is crucial for investors to stay ahead of the curve. Platforms like Defx provide a comprehensive suite of features, including support for multiple blockchains (Solana, Arbitrum, and Berachain), passive earning opportunities up to 30%, and automated trading through bots. With multi-collateral support, including USDC, sUSDC, and major currencies in the pipeline, Defx is well-positioned to cater to the diverse needs of Brazilian investors.

Tags: Brazil crypto regulation, investment funds, Bitcoin, cryptocurrency adoption, Defx trading

Source: https://news.bitcoin.com/brazilian-lawmaker-proposes-bill-to-allow-investment-funds-to-buy-crypto/