Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Kraken reopens staking in US, supports 17 assets

  • Kraken has announced its on-chain staking product is now available to US clients in 37 states.
  • The exchange supports 17 cryptocurrencies, including Ethereum, Solana, Polkadot, and Cardano.
  • Regulatory challenges saw the exchange halt the staking feature that it initially launched in 2019.

Kraken has re-launched its staking service in the U.S., with the offering including support for 17 different digital assets.

The crypto exchange’s new staking product is initially available across 37 US states and 2 territories, according to an announcement.

Clients in supported states can now stake any of the several cryptocurrencies Kraken has added to the staking solution, including Ethereum, Solana, Polkadot and Cardano.

“Launching this new staking product in the U.S. is an overwhelmingly positive development, not just for Kraken but also for the entire U.S. crypto space,” said Mark Greenberg, Kraken’s global head of consumer. “We are excited to bring back a brand new product enabling U.S. clients to resume staking with Kraken and play a significant role in bolstering the underlying security of blockchain networks”

Relaunch follows SEC settlement

Kraken launched on-chain staking in 2019 but halted the offering amid charges from the SEC. In February 2023, the exchange settled with the SEC, a development that has led to the relaunch.

Greenberg noted:

“Kraken serves as a bridge so people can access the crypto space and participate in an increasingly broad range of related activities from an interface and platform that they’re familiar with. Onchain staking is a key component of how we fulfill this role and we believe the resumption of staking in the U.S. today will play a significant role in the development and mass adoption of crypto.”

The exchange’s announcement comes amid fresh optimism across the crypto industry following President Donald Trump’s election and inauguration.

Many observers have lauded the pro-crypto environment taking shape in the US under the new administration, This includes Trump’s nomination of pro-crypto individuals to head the SEC and CFTC.

An executive order on crypto the president signed in his first week in office has also added to the overall sentiment that regulatory clarity and support for innovation are here.

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iDEGEN V3 upgrade to cause an explosion as Bitcoin aims for ATH

It remains to be the bitcoin season as seen on the CMC altcoin season index. Amid the heightened market volatility, bulls continue to ride on the optimism of a bull run in 2025 with analysts predicting that the crypto major will rally to $200,000.

However, savvy investors are increasingly looking for cheaper opportunities with AI meme coins being particularly popular. Notably, AI cryptos have gained traction in recent months; bolstering the sector’s value to almost $5 million. 

At the center of this revolution is iDEGEN; a one of a kind social experiment leveraging on fresh innovations while allowing everyday investors to get a piece of the proverbial pie. Indeed, its popularity and growth potential is largely founded on its unique take on “by the community, for the community”. 

Investors’ optimism set to bolster bitcoin price to new highs

Slightly over a week ago, BTC/USD hit a fresh all-time high before the one-week corrective pullback that saw it drop to $97,853.12. It has since reversed some of those losses; rebounding to $105,158.48 as at the time of this publication. Indeed, in the past 24 hours, it has been up by over 3%.

As seen on Binance Square, optimism over the 2025 bull run continues to shape the market activity with a greed level of 70. This positive sentiment will likely propel bitcoin price higher in the near term.

A look at its daily chart shows the crypto trading between the mid and upper Bolinger bands. At its current level, $101,377.75 will likely offer the asset stable support as the bulls strive to break the resistance at $107,488.93 and rally further to a new all-time high. However, a pullback past the lower support zone of $99,437.09 will invalidate this bullish thesis. 

iDEGEN: The crypto equivalent of DeepSeek

Artificial intelligence has morphed into a revolutionary wave and savvy investors are keen not be miss the birthed opportunities. Indeed, the recent DeepSeek sell-off, which President Trump termed as a “wake-up call” for Silicon Valley is an indication that AI is stirring up all sectors.

In the cryptocurrency space, AI meme coins have captured the attention of crypto enthusiasts with tokens like ai16z and fartcoin topping the list. Even more interestingly, there is a unique social experiment that is giving these projects a run for their money. iDEGEN, an AI crypto project launched two months ago has already raised over $18.7 million.

Its absence of guard rails, heightened level of community engagement, and practical pricing model has resulted in a high-value product with immense growth potential. Savvy investors acknowledge this and are rushing to accumulate $IDGN tokens before its listing on 27th February. Already, the over 21,000 early adopters are sitting on hefty profits with unmatched returns of more than 14,500%.

If its past phases are anything to go by, the latest V3 upgrade is set to catapult its popularity and growth to the next level. This social experiment started on a blank slate, depending on crypto degens on X to learn, adapt, and respond. Void of any censorship,the resultant madness prompted two bans from the X platform. 

However, its community, largely consisting of Gen Zs, was undeterred. They had, and still do embrace the project as their own and are keen on taking it to levels never seen before. 

After the V2 update that saw it take over the Telegram frontier, it is set to capture more attention through its video content on sites like Instagram, TikTok, and YouTube. In the next four weeks, it will be interesting to see iDEGEN’s potential unfold. You can buy the iDEGEN token here.

Solana price set for a consolidation phase ahead of a breakout

Solana Price
Solana Price

Since reaching a fresh all-time high on 19th January 2025 on the back of Trump and Melania’s PolitiFi tokens, SOL/USD has dropped by close to 20%. As at the time of writing, the altcoin as trading at $237.69 after gaining 3.92% over the past 24 hours. 

After the corrective pullback that cut across the crypto majors, Solana price appears to be finding its footing. A look at its daily chart shows it trading between the mid and upper bollinger bands. 

While the bulls remain in control, the absence of a near term catalyst may have it enter a consolidation phase. More specifically, the range between $225.84 and $247.97 will be worth watching. Beyond that range, the bulls will be looking to break the resistance at $260.92. From this perspective, placing a stop loss at $215.57 is ideal; beyond which this thesis will be invalid. 

  

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Grayscale launches Bitcoin Miners ETF on NYSE Arca

  • Grayscale Bitcoin Miners ETF (MNRS) launched on the New York Stock Exchange on Jan. 30, 2025.
  • The ETF provides exposure to global Bitcoin mining companies, including Marathon Holdings, Riot Platforms and Core Scientific.
  • Grayscale Bitcoin Miners ETF is passively managed and offers ” targeted, pure-play” exposure.

Grayscale has launched a new exchange-traded fund dubbed The Bitcoin Mining ETF (MNRS).

Per details in a press release on Jan. 30, the ETF is live on the New York Stock Exchange Arca and provides investment exposure to Bitcoin mining companies.

MNRS will track the Indxx Bitcoin Miners Index and will not offer direct exposure to the BTC price.

“Grayscale Bitcoin Miners ETF offers investors targeted, pure-play exposure to Bitcoin Miners and the Bitcoin Mining Industry. MNRS delivers this in the form of an exchange-traded fund that is passively managed, rules-based, and tracking an index designed to adapt as the Bitcoin Mining industry evolves,” the company wrote on the MNRS page.

Fund includes Marathon, Riot and Core Scientific

The Grayscale Bitcoin Miners ETF’s current composition includes top mining companies such as Marathon Holdings, Riot Platforms and Core Scientific. MARA makes up 16.66% of the fund, while RIOT and CORZ make up 11.92% and 9.2% respectively.

Other BTC mining companies in the fund are Cleanspark Inc., IREN Ltd, HUT 8 CORP, Northern Data AG, Cipher Mining Inc., Terawulf Inc and Applied Digital Corp.

“Bitcoin Miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increases, making MNRS an appealing option for a diverse range of investors,” David LaValle, global head of ETFs at Grayscale, said in a statement.

MNRS’ current market price is $25.31.

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El Salvador approves new bill to comply with IMF deal

  • The reform passed with 55 votes, with only two against
  • El Salvador became the first country to accept Bitcoin as legal tender in 2021
  • In December, El Salvador announced it was changing its Bitcoin law to secure a $1.3bn loan from the IMF

El Salvador’s Congress has approved a bill to change its Bitcoin law to comply with a deal it struck with the International Monetary Fund (IMF).

On January 29, Reuters reported that the bill was approved minutes after President Nayib Bukele sent it.

The reform passed with 55 votes, with only two against. Under El Salvador’s Bitcoin law, it required businesses to accept Bitcoin if they were able to do so. Ruling party lawmaker Elisa Rosales said it was required to ensure Bitcoin’s “permanence as legal tender” while facilitating its “practical implementation.”

Legal tender

El Salvador became the first country to accept Bitcoin as legal tender in 2021. At the time, it was reported that all businesses must accept Bitcoin. The move soon attracted the attention of the IMF.

Following El Salvador’s adoption of Bitcoin in 2021, the IMF sent a statement in November 2021 “recommend[ing] narrowing the scope of the Bitcoin law” while “strengthening the regulation and supervision of the new payment system.”

This was again called for in January 2022, when the IMF advised El Salvador to reconsider its decision to make Bitcoin the country’s legal tender. More recently, the IMF recommended that El Salvador limit the public’s exposure to Bitcoin.

New deal

In December, El Salvador changed its Bitcoin plans to secure a $1.3 billion loan from the IMF.

Under the plans, El Salvador would change a legal requirement making businesses accept Bitcoin as payment, making it optional instead. The government would also reduce the budget deficit by 3.5% of GDP over three years through spending cuts and tax rises while boosting reserves from $11 billion to $15 billion.

The deal is also expected to unlock a further $1 billion in lending from the World Bank and $1 billion from the Inter-American Development Bank over the next few years.

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Venice AI drops 50% as investor focus remains on iDEGEN

Venice AI, an artificial intelligence project on Base, has seen the native token VVV sharply pare gains after a massive surge.

While the project navigates insider trading allegations and has recovered some of the losses, AI agent project iDEGEN looks to accelerate its presale. Meanwhile, investors eyeing the AI space have had a rethink in the past week as events related to the launch of DeepSeek R1 hit US tech stocks.

However, the crypto market sentiment is largely bullish despite a pullback and the much-hyped iDEGEN stands out among potential investment opportunities.

AI project Venice’s token tanks 50%

Venice AI (VVV) launched on major exchange Coinbase as it went live, with the day 1 trading support catapulting the token’s price to highs of $22.58. But it quickly reversed gains and currently trades below $10, posting a 56% decline from the peak seen on Jan. 28.

VVV retreated as allegations of insider trading involving two Aerodrome Finance contributors.

However, the allegations aside, Venice AI looks to have attracted huge attention and could bounce. The project aims at building key infrastructure for AI agents, developers and 3rd party apps, with its privacy-focused approach and low cost a big pull.

According to AI analytics platform Nansen, VVV has since its launch been “a volume king on Base and a hot trend among our paid users.”

VIRTUAL, AIXBT and AERO currently lead as Venice AI looks for a breakout.

Is iDEGEN an opportunity?

While VVV and other AI tokens attract attention, soon-to-launch AI agent iDEGEN continues to charge in presale dominance.  The project could challenge ai16z and others when it launches on exchanges in coming weeks.

iDEGEN adopts a unique approach that has set it apart among top trending and new AI agent and meme coins. Its model is simple: all training is from crypto degens across X and Telegram, with no guard rails whatsoever. Upcoming upgrades will see the agent bring its degen interactions to TikTok and Instagram.

Notably, as AI agents struggle with restrictions infused in training, iDEGEN runs unfiltered and capable of both the chaotic and sublime.

The latter landed the agent on X’s ban list twice, but that only catalysed interest and saw the presale accelerate past the $10 million mark. In less than a month, total raised is nearly double as IDGN token sale surpasses $18.6 million.

Developments both across AI and the iDEGEN project suggest investors may eye the broader market dip and low presale price of IDGN as an opportunity. One of these is the plan to launch iDEGEN on DeepSeek.

Here’s a post from the US version:

What’s the iDEGEN price?

iDEGEN currently stands at $0.0161 in presale and will rise to $0.0177 in the next stage. With the countdown to presale close on Feb. 26 and exchange debut on Feb. 27 under 30 days, traders and investors keen on buying low are showing aggressiveness.

When the AI meme token reaches the final presale stage, IDGN price will be at $0.038.

This suggests a notable increase from current level and likely to add to the impressive 14,536% return since pre-market launch in late November.

To find out more about iDEGEN, check out the official website.

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