What Happened in the Cryptocurrency Market During the Week of February 3-9
Regulatory news
The US Securities and Exchange Commission (SEC) has created a task force to assess the status of cryptocurrencies. Its members will determine which coins are securities.
The SEC has delayed its decision on Ethereum exchange-traded funds (ETF) options until April 9.
Tornado Cash co-founder Alexey Pertsev is released from prison, but the trial is not yet over.
Project news
On February 4, the XRP Ledger went down for over an hour, causing network validation to stop.
Earlier this week, the team behind the first-layer (L1) modular blockchain Berachain shared details about the BERA airdrop. The project's mainnet was launched on Thursday, February 6. However, after the airdrop, the BERA token was in a downward trend.
Ondo's decentralized protocol will launch the Ondo Chain layer 1 (L1) blockchain with the support of major Wall Street players. The network is focused on the tokenization of real-world, institutional-grade assets.
The Near Foundation team announced a $20 million fund to accelerate the development of AI agents on the Near blockchain.
Cryptocurrency Exchange News
The world's largest cryptocurrency derivatives exchange Deribit has announced its departure from Russia.
Next week, on February 18, FTX will begin returning funds to investors affected by the collapse of the platform, three years after bankruptcy.
The Winklevoss brothers, founders of the Gemini cryptocurrency exchange, are considering an initial public offering (IPO) in 2025.
Other crypto market news of the week
The largest US cryptocurrency exchange Coinbase has updated its listing roadmap. It has added two tokens to the list — Ether.fi (ETHFI) and Bittensor (TAO). Coinbase has also added three new altcoins to the listing queue: PENGU, POPCAT, and MORPHO.
MicroStrategy ended a 12-week Bitcoin buying streak. It was soon revealed that the company had changed its name to Strategy. It also reported a net loss for the fourth quarter, largely due to the acquisition of additional Bitcoin.
One of the world's largest asset managers, BlackRock, is preparing to launch a Bitcoin-based exchange-traded product (ETP) in Europe.
American non-profit organization Public Citizen is asking for a federal investigation into the TRUMP memecoin.
Cryptocurrency exchange Kraken may have information about the identity of Satoshi Nakamoto.
Donald Trump's media company, Trump Media & Technology Group (TMTG), has announced the launch of a new investment product called Bitcoin Plus ETF through the Truth.Fi platform.
Plutonex