CME May Launch XRP and SOL Futures in February
The Chicago Mercantile Exchange (CME) has announced that XRP and SOL futures contracts will be available on February 10, subject to regulatory approval. The contracts will be offered in both standard and micro sizes and will be settled in US dollars. The XRP contracts will be traded in lots of 50,000 (standard) and 2,500 (micro), while the SOL contracts will be traded in lots of 500 (standard) and 25 (micro). This development comes amid a surge in crypto ETF and futures applications in anticipation of a more amicable regulatory environment following the resignation of SEC Chairman Gary Gensler. Major asset managers such as VanEck, ProShares, and WisdomTree have filed multiple crypto ETF applications, including products focused on XRP and Solana.
Bitwise Takes First Step for Dogecoin ETF
Bitwise Asset Management has filed a Dogecoin ETF application in Delaware. DOGE stands out as the seventh-largest crypto asset with a market cap of $54 billion. In recent months, Dogecoin has regained popularity due to the influence of the Department of Government Efficiency established by President Trump. Bitwise’s application marks a concrete step for the first memecoin-focused ETF. According to ETF Store President Nate Gercai, DOGE’s market cap and support from names like Elon Musk could increase the chances of this application being approved.
Trump Pardons Silk Road Founder Ross Ulbricht
Donald Trump announced that he signed a full and unconditional pardon for Silk Road founder Ross Ulbricht. Ulbricht was sentenced to two life sentences in 2015 for narcotics distribution, computer hacking, conspiracy, and money laundering. Silk Road was one of the first darknet marketplaces that allowed anonymous crypto trading. Trump stated that he made this pardon due to his support for the Libertarian Movement, and called Ulbricht’s sentence “absurd.” The pardon decision was met with great joy by Ulbricht’s family and supporters. No action has yet been taken regarding Trump’s crypto-related executive orders.
Ethereum Developer Eric Conner Leaves Ethereum Ecosystem
Eric Conner, one of the key developers of Ethereum, has left the Ethereum ecosystem after 11 years of contribution to join AI-focused Fresya.AI. Conner’s departure comes amid increasing calls for leadership changes at the Ethereum Foundation. However, Vitalik Buterin rejected these demands and announced that he was considering forming an interim board of directors but would continue as leader for now. Conner has made significant contributions to the Ethereum ecosystem as a co-author of EIP-1559. The network plans to implement the Pectra upgrade, which promises speed and efficiency, in March.
MicroStrategy Increases Shares by 30x to Purchase Bitcoin
MicroStrategy shareholders have approved a proposal to increase the number of Class A shares authorized to fund Bitcoin purchases by 30x. The move is seen as part of the company’s strategy to add to its existing $49 billion Bitcoin reserves. MicroStrategy aims to raise funds for new crypto purchases by selling its shares.
Avalanche Supports US Growth with AI and Blockchain Innovations
Avalanche aims to accelerate its growth in the US and strengthen its artificial intelligence (AI)-powered blockchain projects by partnering with Aethir. Ava Labs founder Emin Gün Sirer said the Trump administration’s focus on innovation is an important opportunity and that they will work to ensure that blockchain technology becomes widespread in the US. Backed by Aethir’s $100 million fund, the partnership aims to strengthen Avalanche’s infrastructure for AI projects and contribute to web3 innovations.
Justin Sun’s Plan to Take Ethereum to $10,000
Tron founder Justin Sun has announced his governance plan for the Ethereum Foundation (EF) and the Ethereum network. Sun proposes to halt ETH sales for three years, cover operational costs with DeFi activities, and generate $5 billion in annual revenue by taxing Layer 2 projects. The plan targets price growth by reducing the ETH supply and includes reducing node rewards and strengthening fee burning mechanisms. Sun claimed that these changes could quickly push the ETH price to $4,500, then $10,000.
Bank of America Is Crypto-Ready
Bank of America CEO Brian Moynihan said that U.S. banks will take an active role in crypto payments if regulatory clarity is provided. The bank plans to focus on verified and compliant transactions. Moynihan noted that crypto could be an alternative to existing payment methods such as Visa, Mastercard, and Apple Pay. The Trump administration’s policies supporting crypto regulation could accelerate the banking sector’s integration with crypto.
Virtune Launches First Crypto ETPs in Finland
Virtune has launched Finland’s first crypto exchange-traded products on Nasdaq Helsinki, providing investors with a secure and regulated crypto investment opportunity denominated in euros. The move marks a significant advancement for the region’s financial markets. The products are fully collateralized and physically backed, offering options such as Bitcoin, Ethereum, XRP, Solana and altcoin index. The rapidly growing crypto ETP sector in Europe gained new momentum with this launch at Nasdaq Helsinki.
Worldcoin Takes Top Spot with Trump’s $500 Billion AI Plan
Worldcoin (WLD) rose 25% to $2.40 after Trump announced his $500 billion investment plan for OpenAI. The initiative, called the Stargate Project, will invest in infrastructure such as data centers for OpenAI over the next four years. Microsoft and Nvidia are technology partners in the project, which is being developed in partnership with OpenAI, Oracle, Softbank and the Stargate Project. This large-scale investment has created great excitement in both the artificial intelligence and crypto markets.
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BITCOIN (BTC)
BTC is priced at $ 102,000 as of the morning hours, losing 1.56% in value. It is observed that the price encountered selling pressure and made a pullback movement after rising to the level of 108,000. The price is currently consolidating at the levels of 102,000 and shows the potential for a downward movement. In upward movements, the level of 108,000 stands out as a strong resistance area. If the price retests this level and can close above it, the uptrend can be expected to continue. However, in the current situation, the price needs to gain more momentum to reach this level. In downward movements, the support zone at the level of 100,000 should be followed carefully. This area could act as a significant support as it has historically been a region where price has reacted and buyers have stepped in. If this support is broken, the next support areas could be seen at 96,060 and then 91,968.
ETHEREUM (ETH)
ETH is priced at $ 3,203 as of the morning hours with a 1.22% loss in value. The price has retreated from the red resistance area at 3,560 and is trading in the green support area between 3,220 and 3,360. In case of a break below this support area, the downward movement is likely to continue and the price is likely to decline to the blue support area at 3,040. In upward movements, the price needs to hold on to the current support area in order to show a recovery towards the 3,560 level again. If the price can break this level, the 3,720 and 3,760 levels can be watched as the next target resistances. It is currently seen that the price is moving in a horizontal band and is in the decision phase.
RIPPLE (XRP)
XRP is priced at $ 3.1265 with a 1.70% gain as of the morning hours. The price is trading close to the resistance zone at 3.20 and is having difficulty exceeding this level. This shows that the market is in a decision phase. In downward movements, the orange support zone between 2.87 and 2.72 is important. If a break below this support zone occurs, the price is likely to retreat to 2.40 levels. In upward movements, a close above 3.20 may allow the price to continue its uptrend again. In this case, the next target is 3.40 levels. However, if this resistance level is stayed below, selling pressure is likely to increase and the price will retreat towards the support areas.
AVALANCHE (AVAX)
AVAX is trading at $ 35.77 as of the morning hours with a 2.74% loss in value. The price failed to overcome the resistance at 37.67 and experienced a pullback from this level. The 35.63 level is currently watched as a short-term support. If this support level is broken downwards, the price is likely to fall to 32.95. This level is considered a critical support zone. In upward movements, the 37.67 level appears as a significant resistance. In the event of a closing above this level, the price may rise again to 40.30 and then to 42.06. The 42.06 level draws attention as an area where previous selling pressure has intensified. In the short term, it is observed that the price is stuck between the 35.63 and 37.67 levels.
SOLANA (SOL)
SOL is priced at $ 247.53 as of the morning hours with a 3.76% loss in value. The price encountered resistance in the 247-250 region and experienced a pullback from these levels. This situation shows that the upward momentum is weakening and the price may be pulled towards lower support levels. The 229.30 level should be watched as the first important support in downward movements. This level served as support in previous price movements and attracted attention as an area where buyers stepped in. If this support level is broken, the price is likely to fall to the 210 – 201.83 band. The 201.83 level in particular is an important support area and the price can be expected to hold at this level. In a possible upward recovery, the 250 level can be tested again. A permanent move above this level could cause the price to rise to the 270 – 280 region.
