🚨 The Top Crypto Headlines You Need to Know!

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CoinGape Media
February 18, 2025

News

🇺🇸 XRP Lawyer Extends Support To Elon Musk As DOGE Targets US SEC

The financial sector, let alone the crypto market, has buzzed with excitement as Elon Musk’s DOGE announced an audit into the US Securities and Exchange Commission (SEC). Recently, the Department of Government Efficiency (D.O.G.E.) has announced a probe into the US SEC for “waste, fraud, and abuse”, sparking market discussions. Adding to the excitement, XRP lawyer John Deaton has extended his backing for Musk and the department, gaining notable traction from the market participants.

Michael Saylor’s MicroStrategy, now doing business as Strategy, has revealed that it didn’t make any Bitcoin purchases or sell any shares last week. This development is significant, considering that the company has bought BTC in thirteen of the last fourteen weeks as it moves to solidify its position as a Bitcoin Treasury company.

In an astounding development, Tether is planning to invest in the South African energy company Adecoagro S.A. The company reportedly received a preliminary bid from Tether Investments to purchase a significant stake. Tether’s latest move aligns with its global investment expansion strategy, closely following its collaboration with Juventus.

Sponsored

The current crypto market correction presents a strategic accumulation window, paving the way for a strong rebound in major altcoins and high-potential pre-sale projects. With increasing institutional adoption and Trump’s backing of crypto, momentum for the next bull run is building rapidly. The key question remains—which projects will capitalize on this surge?

Markets

Crypto prices on Tuesday have continued stirring up market uncertainty, mainly illustrating an extended sluggish performance. Bitcoin (BTC) price continues to hover around the $96K level on Feb 18, although Ethereum (ETH) gained slightly by 2%. Besides, XRP and Solana (SOL) prices dropped 2%-5% in the interim, solidifying investor uncertainty. Nevertheless, Sonic (S) emerged as the day’s top gainer, defying the broader turbulence.

Ethereum price may be on the cusp of a monster surge after forming a multi-year ascending triangle pattern. This potential rebound may also be driven by the plummeting exchange reserves that could see Ethereum price hit $10k in the near term. Let’s explore the fundamentals and technicals that help to justify this ETH price forecast that may benefit US investors.

Pi coin price will be in the spotlight this week as the mainnet launch happen, followed by numerous exchange listings. The most notable one will be on Binance, the biggest cryptocurrency exchange that is running a Pi Network voting poll on whether it should list it. So, how high will Pi get after that listing?