Kategorie: Crypto Markets

Key takeaways

• Bitcoin is up nearly 1% in the last 24 hours and now trades above $97k.
• The Remittix presale has nearly doubled in two weeks, raising over $11 million from investors. 

Bitcoin hits $97k in a weekend rally

The cryptocurrency market is rallying this weekend, with Bitcoin and other major altcoins currently in the green. This is a shift from recent weeks, where Bitcoin had struggled during the weekend.

The world’s leading cryptocurrency by market cap is up 1% in the last 24 hours and now trades above $97k per coin. At press time, the price of Bitcoin stands at $97,262 and could rally higher in the near term. 

Despite the recent volatility, investors remain bullish about Bitcoin’s price potential in the medium to long term. This could translate to confidence in altcoins, especially those building infrastructure for users. 

What is Remittix?

One project that is currently building an exciting infrastructure for users is Remittix. In a market dominated by stablecoins, Remittix is building a PayFi project that would make cryptocurrency payments easier for users.

In its whitepaper, the team described Remittix as a payment network that merges the best parts of traditional payment systems with decentralized Finance. The merger of these two is called PayFi.

Remittix is designed to empower users to pay fiat into any bank account worldwide using crypto. The platform will enable users to easily connect their crypto wallets and send cryptocurrencies to recipients who can receive the money in their preferred fiat currency. 

An exciting feature of Remittix is that it comes with no hidden fees, no expensive conversation rates and the recipient will have no idea the original payment was sent in crypto.

Remittix’s working model

Remittix is an exciting platform because it is easy to use, making it ideal for novices and experts in the ecosystem. 

To use Remittix, the user will enter the recipient’s bank details into Remittix, just like in a standard bank transfer. The sender must also enter how much they want to pay and the payment reference to be displayed on their bank statement. Remittix will generate a quote for the sender and show the amount of crypto to transfer and the exact amount charged in fees.

Once this is done, the sender transfers the crypto to the unique deposit address provided. The crypto will then be liquidated and transferred to the recipient via bank transfer.

Upon the successful completion of a transaction, the sender will get a receipt. Furthermore, users can obtain updates about their payment in the Remittix dashboard. Typically, payments will arrive at the recipient’s bank account within 24 hours. The full amount will arrive, and the reference will be included.

Remittix presale hits $11m

The project’s unique operational model is already attracting investors. Within two weeks, the Remittix presale doubled in the amount raised from investors. The presale has now surpassed $11 million, selling over 449 million $RTX tokens in the process. 

According to the team, the presale target is $36 million. There are 750 million tokens available in the presale, with nearly 450 million already sold. The Remittix liquidity pool and team token will be locked for three years 

Remittix has undergone a full smart contract audit which was passed with no issues within the contract, further solidifying their commitment to safety and transparency for their customers. 

The native $RTX token will launch on centralised exchanges and on Uniswap. To participate in the ongoing presale, investors can purchase the $RTX tokens using USDT, USDC, and accepted cards.

The RTX token is currently sold for $0.0539 per token, with the price set to increase to $0.0567 in the next presale stage 

Should you invest in the Remittix project now?

Remittix is building a payment infrastructure that could change how users interact with cryptocurrencies. This PayFi project could boost crypto adoption by making it easier to send crypto to others as fiat. 

The project has raised over $11 million so far, and at this rate, the presale could be over in the coming days or weekend. The presale is an excellent opportunity for investors to get in early on this project. It is an opportunity to buy the RTX tokens at a possible discount price before it starts trading on centralised and decentralised exchanges.

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• Chase Herro didn’t specify what the purpose of holding a reserve for the platform would be
• On Thursday, World Liberty Financial bought $470,000 worth of ONDO, the token linked to Ondo Finance

The co-founder of World Liberty Financial has said that the DeFi project plans to create a “strategic reserve” with the tokens it buys.

Chase Herro made his comments at startup Ondo Finance’s inaugural summit in New York; however, he didn’t specify what purpose holding a reserve would be for the platform.

According to Bloomberg, Herro appeared on stage alongside Donald Trump Jr. and fellow World Liberty Financial (WFL) co-founders Zak Folkman and Zach Witkoff. The platform is backed by US President Donald Trump who’s listed as Chief Crypto Advocate on the project’s website.

Herro’s remarks follow as the WFL bought 342,000 ONDO tokens on Thursday, for a value of $470,000, according to  Arkham Intelligence data. The ONDO token is linked to ONDO Finance and is WFL’s governance token.

To date, WLF crypto holdings amount to $35.5 million with a majority held in USDC and Tron.

The idea of a Bitcoin strategic reserve has gained enthusiasm, thanks to Trump who has floated the idea of such a move since his presidential win. Last month, the US president signed an executive order to establish a crypto working group designed to boost the advancement of crypto in America.

It will also look into the possibility of creating a national crypto stockpile.

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• Alexey Pertsev has been freed under electronic watch
• Pertsev was sentenced to five years and four months in prison for money laundering
• The developer has been in jail since 2022

Tornado Cash developer Alexey Pertsev has been released from custody following a ruling that favored electronic surveillance over continued pretrial detention.

Pertsev, who was released on February 7 at 10 am, was charged with money laundering and linked to the US Treasury’s sanctions against Tornado Cash. According to the US government, the protocol was allegedly involved in illicit financing.

Pertsev was found guilty of money laundering in 2024 and has been detained since August 2022.

Notably, Pertsev’s release comes nearly a month after the Texas court overturned sanctions on Tornado Cash.

Pertsev expressed his gratitude for this opportunity, taking to X to say, “Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.”

He further noted that this development would give him “a chance to work on my appeal and fight for justice.”

Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison. Today, a Dutch court suspended my pretrial detention under the condition of electronic monitoring. This will give me a chance to work on my appeal and fight for…

— Alexey Pertsev (@alex_pertsev) February 6, 2025

Alexey Pertsev’s woes

Pertsev’s case has been under the international spotlight since 2022. The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, accusing the platform and its developers of facilitating money laundering.

Despite these allegations, Pertsev and his legal team have contested the charges, arguing that developers should not be held accountable for how their open-source software is used by others. This argument resonates with many in the cryptocurrency community who advocate for the separation of developers’ liability from the actions of users.

Previously, the Dutch court countered Pertsev’s defence, stating that Pertsev and his co-founders at Tornado Cash did not take adequate measures to prevent misuse by criminal entities, including the notorious North Korean cybercrime group, Lazarus. The court went ahead and sentenced Pertsev to five years and four months in prison for money laundering, a ruling which his lawyers immediately appealed.

Pertsev had applied for bail multiple times without success, with the prosecution labelling him as a “flight risk.”

Therefore, the court’s decision to allow electronic monitoring represents a shift in perspective, possibly acknowledging the complexities involved in prosecuting tech developers in the blockchain and cryptocurrency space.

As Pertsev now focuses on his appeal, the crypto community and legal observers watch closely, recognizing this case’s potential to influence future legal interpretations of developer accountability in the rapidly evolving tech landscape.

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• 21Shares, Bitwise, Canary Capital, and WisdomTree filled in the 19b-4 forms
• The SEC will begin a review process once it acknowledges the forms and will have 240 days to make a decision
• The SEC approved the listing of spot Bitcoin ETFs in January 2024

The Chicago Board Options Exchange (Cboe) has filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs).

The exchange filed the 19b-4 forms from 21Shares, Bitwise, Canary Capital, and WisdomTree.

The filings will begin a review process with the US Securities and Exchange Commission (SEC). Following acknowledgement from the agency, there will be a 240-day window for the SEC to either approve or deny the filings.

Crypto-friendly Mark Uyeda is currently the acting chair of the SEC.

In October, Bitwise filed an S-1 form for an XRP ETF with the SEC. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy to bring multiple crypto ETFs to the market.

The SEC approved the listing of spot Bitcoin ETFs in January 2024.

This is a developing story.

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Major players in the cryptocurrency market may shift their focus soon. Those who have invested heavily in established coins like Solana and XRP may be interested in five emerging digital assets. This strategic move hints at a potential surge. The details of these assets are explored in the full article.

XYZVerse Raises Over $6 Million in Presale Boosted by Robust Community Support

XYZVerse has distinguished itself as a unique project, combining the excitement of sports with the lighthearted nature of meme coins. Geared towards fans of football, basketball, MMA, and esports, XYZVerse presents a novel concept to the crypto space, uniting sports enthusiasts and crypto investors in the search for the next promising opportunity.

In a market where many meme coins are short-lived, XYZVerse differentiates itself through a strong roadmap and an outlook for sustainable expansion. The project is currently in its presale phase, and it has already garnered over $6 million of initial funding, indicating substantial interest from the crypto community.

The presale comprises 15 stages, with the price of $XYZ increasing incrementally in each stage. Currently, in stage 10, the token costs $0.002, and by the conclusion of the presale, the price will have risen to $0.1.

XYZVerse is pursuing a bold goal of becoming the G.O.A.T. of meme coins. And they’re already making moves, having scored the title of Best New Meme Project.

Get $XYZ Before the Next Price Increase

XYZverse is not solely focused on short-term gains. It has a well-designed tokenomics model that is built for sustainability. With 15% allocated for liquidity and 10% for community rewards such as bonuses and airdrops, XYZverse is committed to establishing a strong foundation for long-term success. Additionally, they have planned a deflationary burn, which will eliminate 17.13% of tokens over time. This will decrease the total supply, making the tokens more scarce and potentially increasing their value.

Furthermore, XYZVerse offers the promise of security and credibility. The project’s roadmap includes listings on major centralized and decentralized exchanges (CEX and DEX), along with robust security measures, such as audited smart contracts. These foundational steps, coupled with a fully vetted team, distinguish XYZVerse as a project that is built to last. The upcoming exchange listings and a structured growth path make $XYZ a promising opportunity for those seeking early access to a community-driven token with real potential.

Join XYZ Presale 

NEAR Protocol (NEAR)

NEAR Protocol’s (NEAR) price has been volatile, dropping 21% last week and 43% last month, but only 17% over six months. Currently trading between $3.22 and $4.56, NEAR faces resistance at $5.37 and support at $2.70. Technical indicators are mixed, suggesting consolidation within the current range.

VeChain’s (VET)

VeChain (VET) has experienced both significant growth and decline recently. While its value surged by 42.81% over the past six months, it dropped by 29.86% in the last month and 15.25% in the past week. Currently trading between $0.0327 and $0.0463, VeChain’s nearest support level is at $0.0275, with a second support level at $0.0139. If buyers regain control, the price could rise towards the nearest resistance level at $0.0546, and potentially to the second resistance at $0.0681.

Technical indicators show mixed signals. The Relative Strength Index (RSI) (44.16) and Stochastic (33.25) suggest a neutral position, while the moving average convergence/divergence (MACD) (-0.00029) hints at mild bearish momentum. The 10-day simple moving average (SMA) ($0.0358) is below the 100-day SMA ($0.0393), which may indicate a short-term downward trend.

Hedera (HBAR)

HBAR’s price has fluctuated recently, with a 327.21% surge in the past six months followed by a 17.22% drop in the last month. Currently trading between $0.22 and $0.31, HBAR has a support level at $0.18 and resistance at $0.36. Technical indicators are mixed, with the RSI at 45.21 and the Stochastic oscillator at 36.24. If HBAR breaks through the $0.36 resistance, it could reach $0.45, while falling below $0.18 support might lead to a decline toward $0.0916.

MANTRA (OM)

MANTRA (OM) has shown strong price momentum, with significant increases over the past week (28.69%), month (47.89%), and six months (459.09%). Currently trading between $4.22 and $5.81, data suggests further price increases. The 10-day and 100-day moving averages and positive MACD support a bullish outlook. If the trend continues, MANTRA could reach resistance at $6.67 (15% increase) or $8.25 (42% increase). Support levels are at $3.51 and $1.93, representing potential drops of 40% and 65%.

Why Crypto Whales Could Shift Focus to These 5 Cryptos

Crypto whales—investors with significant holdings—constantly seek high-growth opportunities before retail traders catch on. Their shift from Solana (SOL) and XRP to XYZVerse, NEAR, VeChain, HBAR, and MANTRA signals strategic positioning based on these factors:

1. Early-Stage Growth & High ROI Potential

• XYZVerse is still in its presale, meaning whales can accumulate at a low cost before its expected surge upon exchange listings.
• MANTRA (OM) has already surged over 450% in six months, showing strong momentum, yet still has room for further gains.

2. Undervalued Assets with Recovery Potential

• NEAR, VeChain, and HBAR have recently experienced pullbacks, making them attractive accumulation targets.
• Whales often buy during price dips to maximize returns when the next bullish wave hits.

3. Strong Tokenomics & Institutional Interest

• XYZVerse has a structured presale, deflationary burn mechanisms, and staking rewards—appealing to long-term investors.
• VeChain and HBAR have enterprise partnerships, adding legitimacy and institutional backing.
• MANTRA (OM) is gaining traction with DeFi integrations, making it a potential leader in the staking ecosystem.

Conclusion

Whales could be moving toward NEAR, VET, HBAR, OM, and XYZVerse because they combine early entry advantages, undervaluation, and strong fundamentals. Their accumulation could indicate a major price movement ahead, making these assets worth watching closely.

NEAR, VET, HBAR, and OM are promising, but XYZVerse ($XYZ) combines meme culture and sports in a community-driven ecosystem, aiming for massive growth and lasting impact.

You can find more information about XYZVerse (XYZ) here:

Site, Telegram, X

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