Joe Biden Meets Top AI Leaders, Elon Musk Reacts

Joe Biden Meets Top AI Leaders, Elon Musk Reacts

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Just In: Kraken Expands In Europe With Regulated Derivatives

Kraken has obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This regulatory approval was achieved through the acquisition of a Cypriot Investment Firm, which received approval from the Cyprus Securities and Exchange Commission (CySEC). The license enables Kraken to offer regulated crypto derivatives products to advanced traders in selected EU markets. Kraken Secures MiFID License for European Expansion According to a recent blog post , Kraken secured an EU MiFID license through the acquisition of a Cypriot Investment Firm. This approval from CySEC strengthens the company’s ability to offer regulated derivatives trading in Europe. The new license supports Kraken’s plan to expand its trading services in the region. The license allows Kraken to provide fully compliant crypto derivatives products for advanced traders. This development aligns with the company’s strategy to increase its presence in Europe, a key market for cryptocurrency deriv...

Just In: ECB President Lagarde Rules Out Bitcoin in EU Reserves, Here’s Why

European Central Bank (ECB) President Christine Lagarde has reaffirmed that Bitcoin will not be included in the official reserves of the European Union. She stated that the digital asset does not meet the necessary criteria for liquidity, security, and safety, making it unsuitable for central bank holdings. Lagarde Confident Bitcoin Will Not Enter ECB Reserves Speaking at a press conference, ECB President Christine Lagarde made it clear that Bitcoin will not become part of the reserves of any eurozone central bank. She emphasized that reserves must be liquid and free from concerns related to illicit activities. “There is a view around the table of the Governing Council and most likely the General Council as well that reserves have to be liquid, that reserves have to be secure, that they have to be safe, that they should not be plagued by the suspicion of money laundering or other criminal activities. And as a result, I’m confident that Bitcoin will not enter the reserves of any of ...

Key Levels to Watch as Bitcoin Price Crashes Below $100K Today

Bitcoin (BTC) price traded as low as $91,231 on Binance on Monday Morning, as crypto markets buckle under pressure from escalating trade tariff war involving the United States. Bitcoin (BTC) Plummets to $91K as Crypto Market Liquidations Hit $1.8 Billion Bitcoin (BTC) plunged below the $91,200 mark on February 3, its lowest level in 20 days. This decline follows mounting economic concerns sparked by former U.S. President Donald Trump’s aggressive trade tariffs on China, Mexico, and Canada, which have triggered widespread financial market turbulence. As fears of rising consumer prices escalate, social media reports suggest that American consumers are preparing for inflation by stockpiling essential goods. This has led to a shift in retail investor sentiment, with many liquidating riskier assets such as stocks and cryptocurrencies in favor of more stable stores of value. Crypto Market Liquidations, Feb 3, 2025 | Source: Coinglass.com As depicted above, Crypto market liquidations ...

Ripple (XRP) Price Forecast: XRP Deposits on Binance Drops $1.3B to Hit 40-Day Low – Is It Bullish?

Ripple (XRP) price fell as low as $2.60 on Sunday February 2, down 17% in 3 consecutive losing days, on-chain data suggests whale accumulation and long-term approach from retail traders. Will XRP price stage an early rebound as US Canada trade war flares. XRP Price Stabilizes Above $2.60 as Trump Tariff War Triggers Risk-Off Sentiment Ripple (XRP) has been on a downtrend for the past three days, with multiple bearish catalysts, including escalating trade tensions between the US and Canada. On February 2, XRP fell as low as $2.60, marking a 17% decline from its opening price of $3.10 on January 29. The recent market turmoil was triggered by the announcement of new tariffs, as former President Donald Trump accused Canada of unfair trade practices and imposed new restrictions on key exports. In response, Canadian Prime Minister Justin Trudeau announced retaliatory measures, igniting fears of a prolonged economic standoff. The geopolitical uncertainty has sent shockwaves through globa...

Securitize Taps Solana To Expand Tokenized RWAs Offering

Securitize has expanded its tokenized real-world asset (RWA) offerings by integrating with Solana as part of a new collaboration with Apollo Global Management. The partnership introduces a tokenized version of the Apollo Diversified Credit Fund (ACRED), offering on-chain access to private credit investments. Solana Powers Securitize’s New Tokenized Private Credit Offering According to a recent X post , Securitize has launched a tokenized private credit fund in partnership with Apollo Global Management. The fund, known as Apollo Diversified Credit Securitize Fund (ACRED), provides accredited investors with blockchain-based access to corporate direct lending, asset-backed finance, and structured credit. The fund, which manages over $1.2 billion in assets, will debut on multiple blockchain networks, including Solana, Ethereum, Aptos, Avalanche, Polygon, and Ink, a layer-2 blockchain developed by Kraken. This multichain blockchain expansion allows investors to access private credit ...

Can the Soaring Ripple Meme Coins Push XRP Price to $5?

The XRP price held steady on Tuesday and remained about 52% above its lowest level this week. This rebound was because trade tensions between the US, Mexico, and Canada eased. Ripple is also benefiting from the ongoing surge of XRP meme coins, which may help to propel it to $5. XRP Price Benefiting From Meme Coin Growth The XRP price rebound happened as the top meme coins in its ecosystem did well. XRP Army jumped by over 31% in the last 24 hours, giving it a market cap to over $41 million. Salute (SLT), another Ripple meme coin, jumped 17%, while PHNIX soared by 42%. The other top meme coins in the XRP Ledger ecosystem, like BearXRPL, DROP, and Sigma jumped by over 20%. This growth is making the network a major player in the cryptocurrency industry. The value of Ripple may benefit from the meme coin ecosystem growth and reciprocate Solana’s performance. Solana has become a major Ethereum rival because of its meme coin network. Some of the top Solana m...

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