Cryptonews

The deal values the startup at $1.6 billion, Whop CEO Steven Schwartz said in an X post.

But as we move into March, the winds may be changing. Technical reversal signals are sneaking their way onto multiple charts, with a little help from declining exchange inflows and a healthy, if not overly enthusiastic, demand for ETFs. Here are 3 tokenized asset projects that just might be starting to turn the tide.

At the striking hour of 10:51 on the 25th of February, XRP was observed trading at a most respectable $1.44194, having ascended by a notable 7.02% in the preceding 24 hours. The day’s proceedings witnessed a high of $1.44570 and a low of $1.34092, with the price pressing ever upward, as if propelled by the very winds of fortune. The hourly candles, in their wisdom, revealed a sharp expansion to the upside, with XRP breaking higher after a period of stabilization above recent support. One might almost imagine the shorts quaking in their boots, their positions squeezed with a merciless efficiency.

At the time of writing, Bitcoin was limping toward $67,400, a 5.6% gain that feels less like a rally and more like a “let’s pretend we’re okay” moment. Meanwhile, Ethereum managed a 9.6% bounce, which is impressive if you’ve never owned a pet goldfish and still believe in miracles. Both are now trading above $1,950, a number that might as well be written in invisible ink given how quickly it could vanish.

Yet, lo! The technical indicators, those fickle courtiers of the market, now whispered of hope. A single day’s rise, though meager, was hailed as a miracle, a sign that the divine hand of fortune might yet favor the faithful.

Across exchanges, open interest has fallen hard from the dizzying highs-a leverage reset, if you’re into corporate buzzwords. Fewer liquidations means less chaos, sure, but it also means fewer maniacs betting the house on a breakout. For a real breakout, you need fresh positioning. Right now OI is about $12 billion; you’d need to push above $13 billion to flip the trend, and maybe over $17.5 billion to make the crowd believe again. And yes, I know, numbers are exciting at poker night too.

On a rather unremarkable February day, the 24th to be precise, TD Cowen shared its forecast, rooted in assumptions so bold that they would make even the most seasoned traders pause and scratch their heads. The “aggressive scenario” hinges on two things: the tokenization of assets increasing by an absurd factor of 100 times, and the transaction speed of these tokenized assets slowing by 90%. According to their research, this combination could possibly inflate Bitcoin’s value by five times, pushing it to a jaw-dropping $450,000 per coin.

As an analyst, I’m following a new investigation focused on whether the platform facilitated around $1.7 billion in transactions linked to sanctioned groups in Iran and Russia. Specifically, the probe is looking at whether these transactions involved Russia’s network of oil tankers used to evade sanctions – often referred to as its ‘shadow fleet’.

Bitcoin’s daily chart paints the broader structure in unmistakable strokes. Bitcoin has declined from roughly $95,000 to a capitulation low near $59,900, printing a heavy-volume flush that could have powered a small village before stabilizing in the $64,000 to $66,000 region. That stabilization, however, remains corrective within a prevailing downtrend, which is about as reliable as a sieve made of jelly.

South Korea, never one to let a trend slip by, has decided it’s time to reign in those ever-popular “finfluencers” who dish out advice on stocks and cryptocurrencies like they’re handing out candy. The Democratic Party of Korea is pushing for new laws that will make these influencers cough up the details on every crypto coin, stock, and dubious financial asset they own.