crtypto & forex news

Indiana is moving closer to formally embedding crypto into its public financial system after lawmakers approved House Bill 1042, commonly referred to as the Bitcoin Rights Bill. The legislation has cleared both legislative chambers and now awaits the signature of Governor Mike Braun. Related Reading: Binance Faces US Senate Inquiry Tied To $1.7 Billion In Sanctions-Related Transactions If enacted, the law would allow certain public investment programs to provide exposure to crypto through regulated ETFs and establish legal protections for individuals who use or hold digital assets. The measure reflects a broader shift among U.S. states as they explore how crypto fits within traditional finance. Public Funds and Retirement Plans Open to Crypto ETFs HB 1042 permits state-managed investment funds to include cryptocurrency ETFs as investment options rather than allowing direct token purchases. The approach aims to provide exposure through regulated financial products while maintainin...

Solana projects Step Finance and its sister platforms have announced they are winding down operations following an exploit last month. This also comes as crypto prices struggle amid the current bear market , with SOL still below the psychological $100 level.  Solana Projects To Wind Down Following Exploit And Amid Price Struggle In an X post , Solana DeFi aggregator Step Finance announced that it and its sister projects, SolanaFloor and Remora Markets, will be winding down all operations. This follows the hack towards the end of last month involving the firm’s treasury wallets , which resulted in a loss of around $40 million.  Related Reading: This Analyst Predicted Solana Sell-Off At $250, And Is Back With A New Prediction StepFinance stated that following the hack, they explored every possible path forward, including financing and acquisition opportunities. However, the Solana project was unable to secure a viable outcome, which is why it has decided to end all operatio...

After weeks stuck below a key psychological level, Ethereum (ETH) surged past $2,000 in a swift rally, pushing prices to $2,158 within a day. The recovery comes after a prolonged period of sideways trading around $1,900 and a broader correction that had pushed ETH more than 60% below its previous peak. The latest double-digit recovery coincided with a wider cryptocurrency market rebound, with total market capitalization rising by over 4% and Bitcoin also advancing during the same period. Ethereum ETF Inflows and Institutional Activity Drive Recovery Renewed institutional demand helped drive Ethereum’s breakout, as spot ETFs recorded fresh inflows after weeks of outflows. Daily investments topped $20 million in some sessions, with total inflows exceeding $125 million on February 25, led largely by Grayscale and Fidelity products. On-chain data also pointed to accumulation by large holders. Whale wallets added thousands of ETH while others withdrew significant amounts from exchange...

Ripple, a crypto payments company and the largest XRP holder, has been aggressively expanding and developing its infrastructure for the past three years. Within this short timeframe, the crypto firm has acquired six different companies , spending more than $2.7 billion. While these acquisitions have significantly expanded Ripple’s use cases and demand, many in the crypto community are concerned about how these ecosystem developments could impact XRP’s price.  Why Ripple Spent $2.7 Billion On Acquisitions On Monday, February 23, an XRP commentator identified as ‘Ledger Man’ on X outlined several key reasons behind Ripple’s aggressive buying spree over the past three years. Ledger Man noted that the crypto company, led by CEO Brad Garlinghouse , has been incredibly busy since 2023, buying six different companies and expanding into new markets .  He noted that during this short period, Ripple has spent a total of $2.7 billion on company acquisitions. Among the crypto firm’s l...

After several attempts, the Bitcoin price finally reclaimed the $65,000 mark, but ongoing volatility and uncertainty across the cryptocurrency market still linger. With BTC falling below this support level, pressure on investors appears to have increased significantly, as evidenced by the number of BTC supply now in loss. Record Levels of Bitcoin Now Sitting At A Loss The pressure on the market and investors has increased following the recent pullback in Bitcoin’s price . Given the price pullback, the BTC supply that is positioned at a loss has spiked sharply, indicating a bearish outlook for the market and the flagship asset. A recent data reading is showing that Bitcoin is coming into a critical stress point, with the percentage of supply held at a loss rising to one of the highest levels ever seen. This dramatic increase, which reflects the severity of the recent price downturn, indicates that an increasing proportion of owners are now underwater. As seen in the chart shared ...

Ripple’s aggressive expansion strategy is once again under scrutiny from disgruntled XRP investors. What was presented as a milestone moment for the company has instead reignited debate over whether Ripple’s ecosystem growth is translating into measurable value for XRP holders. XRP Price Slumps Despite Ripple’s Hidden Road Deal In late 2025, Brad Garlinghouse announced the completion of Hidden Road’s acquisition , now rebranded as Ripple Prime. For many XRP investors, such announcements carry expectations. If XRP is foundational to Ripple’s ecosystem, then major corporate wins should, in theory, reflect in the token’s market performance. Instead, the price action has told a different story. Over the past two months alone, XRP has declined by more than 25%, underperforming during a period that included positive corporate developments. Historically, similar announcements have triggered short-lived volatility but rarely sustained upward momentum. The pattern has created a perceptio...

Crypto analyst Crypto Patel has stated that this is not the first time that XRP has crashed 69%. He provided a positive outlook for the altcoin, noting that it recorded a parabolic rally the last time this happened.  XRP Pumped 835% Last Time It Crashed 69% In an X post , Crypto Patel stated that XRP rallied 835% the last time it crashed 69%, suggesting that this was a reason to remain positive despite the current downtrend. The analyst noted that the altcoin is trading around $1.39 after breaking down from the $2 support zone. It is currently retesting the higher time-frame demand level, which previously served as the upper boundary of the multi-year accumulation zone.    Crypto Patel also noted that XRP already a 69% correction from its recent all-time high (ATH) of $3.66, with a classic breakout-retest setup forming. Furthermore, price is testing a critical support zone after an explosive 835% rally from accumulation. The analyst also alluded to on-chain indicators...