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Fév242025 by MattNo Comments

Crypto Week in Focus: LIBRA Wipeout, FTX Payouts, YZY Debut, and the Hamster Kombat Revival

Edited by Matt Waller The crypto landscape has experienced a dramatic week, defined by extreme volatility and bold strategic moves. From the catastrophic collapse of the LIBRA meme coin to significant creditor payouts by FTX, alongside major financial maneuvers and high-profile token launches, these events illustrate both the promise and peril of the digital asset space. Key Points: LIBRA Meme Coin Collapse: A pump-and-dump maneuver led to a 90% drop, erasing around $251 million in value and leaving 86% of traders with losses. FTX Creditor Payouts: FTX has initiated a $1.2 billion distribution to smaller creditors as a first step in its recovery process. Strategy Convertible Note Offering: Strategy announced a $2 billion convertible senior note offer...

Fév202025 by MattNo Comments

New Era for Pi Network: Mainnet Launch Sparks 35% Rally in Pi Coin

Breaking News, Crypto

Edited by Matt Waller In a major milestone for the blockchain community, Pi Network’s open mainnet went live at 8:00 AM UTC on February 20, triggering a rally that pushed Pi Coin up more than 35% in less than an hour. The launch marks the end of a six-year development journey, transitioning the project from a closed mainnet environment—active since 2021—to an open platform for global users. A New Era for Pi Network The mainnet debut opens a new chapter for Pi Network. Now, community members—known as “pioneers”—can freely trade Pi Coin. Developers have already begun showcasing over 100 decentralized applications. These apps span sectors like decentralized finance and gaming. The move is seen as a critical step toward broader adoption. Unlike traditional proof...

Fév202025 by MattNo Comments

Netflix to Invest $1 Billion in Mexican Film and TV Production

Breaking News, Business

Edited by Matt Waller Netflix is set to transform Mexico’s entertainment landscape with a sweeping $1 billion investment in local film and television production over the next four years. The announcement was made on Thursday during a high-profile press conference in Mexico City by CEO Ted Sarandos, signaling the streaming giant’s commitment to expanding its global content portfolio through localized storytelling. A Bold Strategic Move At the press conference, Sarandos emphasized that this multi-billion-dollar investment is part of Netflix’s broader strategy to build strong partnerships with Mexican producers. “We believe in the power of local narratives,” Sarandos said. “This investment will not only enrich our content library but also bolster the creative indu...

Fév202025 by MattNo Comments

Transak – New Licenses in Illinois and Missouri

Breaking News, Crypto

Edited by Matt Waller Transak, a leading web3 payment infrastructure provider, has secured Money Transmitter Licenses (MTLs) in Illinois and Missouri. The new regulatory approvals mark a significant step in the firm’s expansion in the U.S. market and will allow it to operate independently in these states. Regulatory Milestone Transak’s new licenses enable the company to engage in money transmission activities in full compliance with state financial laws and consumer protection standards. An MTL permits a firm to facilitate fiat-to-crypto transactions directly—without relying on external provider licenses. This clearance strengthens consumer protection and paves the way for partnerships with local financial institutions. Exclusive confirmation from crypto.new...

Fév182025 by MattNo Comments

Ether ETFs Gain $393M While Bitcoin ETFs Shed $376M

Breaking News, Crypto

Edited by Matt Waller A notable shift in investor sentiment is underway as Ether (ETH) ETFs in the United States have attracted a net inflow of $393 million this month, while Bitcoin (BTC) ETFs faced a significant outflow of $376 million. This divergence underscores a growing preference for Ethereum-based products among market participants, even as both cryptocurrencies navigate a volatile trading environment. Divergent ETF Dynamics Recent figures from Farside Investors reveal a striking contrast between Ether and Bitcoin ETF performance. The nine U.S.-listed Ether spot ETFs recorded inflows that were seven times higher compared to January, experiencing outflows on just two trading days during the month. In comparison, the 11 Bitcoin ETFs only managed to attract in...

Fév172025 by MattNo Comments

Russian Rouble: Navigating Uncertainty Ahead of Russia-US Talks

Breaking News, Markets

Edited by Matt Waller The Russian rouble is displaying cautious volatility as it inches downward ahead of a highly anticipated series of talks between U.S. and Russian officials. With the upcoming meeting scheduled in Riyadh on February 18, market participants are closely monitoring every tick in the currency’s value, as even modest fluctuations carry significant geopolitical and economic implications. A Modest Dip Amid Heightened Geopolitical Anticipation At 09.15 GMT on Monday, the rouble was trading at 91.40 per U.S. dollar—a 0.3% decline from earlier readings. This dip comes on the heels of what has been a remarkable rally for the rouble this year, as it has appreciated nearly 20% against the dollar. Despite today’s slight weakening, the current level remai...

Fév172025 by MattNo Comments

17 February – Top Five Market Movers to Watch in the Week

Breaking News, Markets

Edited by Matt Waller As global markets continue to navigate uncertainty amid shifting geopolitical and economic landscapes, investors are gearing up for a busy week. From high-stakes diplomatic talks to pivotal earnings announcements, here are five key developments that could set the tone for market sentiment in the days to come. 1. Walmart Earnings: A Window into U.S. Consumer Behavior Retail giant Walmart (NYSE:WMT) is set to release its quarterly results this Thursday, offering critical insights into the health of the U.S. consumer amid rising inflation and tariff pressures. With recent reports highlighting a surge in consumer prices and a decline in sentiment, Walmart’s performance is under the microscope. Analysts are particularly interested in how discre...

Fév162025 by MattNo Comments

Litecoin Nears Make-or-Break Level as LTC ETF Odds Soar

Breaking News, Crypto

Edited by Matt Waller Litecoin (LTC) has been in the spotlight as crypto investors increasingly bet on the U.S. Securities and Exchange Commission (SEC) approving a spot Litecoin ETF in the near future. With market sentiment shifting and LTC’s price movement drawing attention, understanding the dynamics of ETF approvals and what it means for altcoins is essential for both novice and seasoned investors. Litecoin Price Momentum and Key Resistance Levels On Sunday, Litecoin climbed to $136, approaching a critical resistance level at $146—its highest price point this year. In just the last seven days, Litecoin has surged by 28%, making it the second-best-performing top-100 coin after PancakeSwap (CAKE). This rapid price movement underscores the growing investor opt...

Fév162025 by MattNo Comments

Milei’s Meme Coin Endorsement Ignites Impeachment Fury: A Deep Dive into Argentina’s Crypto Crisis

Breaking News, Crypto

Edited by Matt Waller Argentina’s political and financial arenas have been thrown into disarray following President Javier Milei’s controversial endorsement of a meme coin that dramatically collapsed, erasing $4.4 billion in market value almost overnight. The fallout from this debacle has prompted opposition lawmakers to call for the president’s impeachment, accusing him of reckless behavior that endangers both investor confidence and national economic stability. The Spark: A Social Media Endorsement Gone Awry The controversy erupted when President Milei took to X (formerly Twitter) to recommend the $LIBRA token. His post initially triggered a swift price surge—the token briefly approached the $5 mark—before plummeting precipitously within a few hours. Critics argu...

Fév112025 by MattNo Comments

Strategy Deepens Its Bitcoin Holdings with a $740 Million Acquisition

Breaking News, Crypto

Edited by Matt Waller In a bold move that underscores its unwavering commitment to digital assets, Strategy—formerly known as MicroStrategy—has just injected another $740 million into its Bitcoin portfolio. Despite recent market uncertainties and a cooling investor sentiment, the firm acquired 7,633 additional Bitcoins, further cementing its reputation as one of the world’s most aggressive institutional Bitcoin buyers. A Calculated Bet Amid Market Volatility The recent purchase was executed at an average price of approximately $97,250 per Bitcoin, bringing Strategy’s total holdings to an impressive 478,740 BTC. With current market valuations placing its digital assets at over $47 billion, the acquisition not only reinforces the company’s strategic long-term vision but ...