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Mishal Ali

Dogecoin (DOGE) Price Analysis: $0.28 Range Looms—What’s Next?

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Key Takeaways:

  • Dogecoin’s price movements continue to align with historical patterns, pointing toward potential significant milestones.
  • The $0.28 range is highlighted as the next key target, with volatility expected to rise thereafter.
  • A long-term view suggests Dogecoin could mirror its 2017 performance, possibly reaching new all-time highs by 2025.

Dogecoin’s recent price behavior has once again captured attention, with Dima Potts highlighting a gradual move toward the $0.28 level. His updated chart shows slight adjustments to the red curve, a short-term support level that reflects Dogecoin’s historical patterns. Potts believes this line marks the next significant milestone akin to its 2017 performance.

As prices consolidate at this range, volatility is expected to increase, potentially setting the stage for Dogecoin to surpass its yearly highs. The pattern suggests that after hitting $0.28, DOGE will enter a consolidation phase before aiming for all-time highs. Potts emphasized that these movements mirror past cycles, reinforcing the theory that DOGE’s market behavior follows predictable trends.

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Dogecoin (DOGE) Historical Patterns Fuel Optimism for 2025

Potts shared a comparative chart of DOGE’s 2017 cycle and the current price movements, showing remarkable similarities. While the timeframes differ, the patterns reveal a familiar trajectory, with Dogecoin appearing to be on the brink of a significant rally. The 1442-day cycle theory, which suggests DOGE peaks in long-term intervals, has added weight to this prediction.

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The chart’s white arrow points to DOGE’s current position within this cycle, indicating a phase of accumulation before a substantial breakout. Potts remains confident that 2025 could be the year DOGE achieves unprecedented highs, surpassing its previous all-time record. However, he cautions investors to stay focused on the broader picture, as daily fluctuations might deter less experienced holders.

All Eyes on the Next Breakout

The $10+ Dogecoin forecast, while ambitious, is rooted in the belief that history often rhymes in the crypto space. Potts’ projection suggests that Dogecoin is well-positioned for explosive growth, provided it maintains its current trajectory. The red curve, serving as a dynamic support level, will be updated as needed to reflect ongoing price action.

Investors are urged to monitor consolidation periods closely, as these are precursors to significant price surges. Potts reiterated that the rising volatility is a hallmark of DOGE’s market cycle, as seen in 2017.

With 2025 fast approaching, the meme coin’s loyal supporters are gearing up for what could be its most transformative year yet. This concise analysis captures the essence of Dogecoin’s potential while maintaining a realistic perspective on market dynamics.

Related Reading | Trump Proposes Returning 20% of DOGE Savings to Americans

Memecoins Aren’t Just Hype: Brian Armstrong’s Surprising Crypto Prediction

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Key Takeaways

  • Memecoins reflect the potential for broader tokenization of assets and creativity.
  • Coinbase emphasizes free market principles, providing information without endorsing investments.
  • Legal adherence and long-term value creation are essential for crypto’s future.

Coinbase CEO Brian Armstrong recently shared his perspective on memecoins with their growing popularity and their overall effect on the crypto ecosystem. While conceding that he is not a memecoin trader at anything other than a very rudimentary testing level, Armstrong underscored their value both culturally and technologically.

Comparing memecoins to the innovations of the early web, he argued that they have the propensity to start out their lives as novelties that later develop into revolutionary technologies. Armstrong highlighted the potential of memecoins to pave the way to tokenizing all kinds of value.

He foresees a time when all of life could potentially be tokenized and tokenized on-chain, ranging from art to stablecoins. Despite their goofiness or controversial reputation, Armstrong urged open-mindedness by saying that memecoins might have a major role to play in the ongoing innovation of blockchain technology.

Coinbase’s Approach to Memecoins

Armstrong reiterated Coinbase’s commitment to empowering users through informed choices, emphasizing that the platform operates on principles of free market capitalism. He clarified that Coinbase does not endorse investments but provides tools and information for users to make their own decisions.

The CEO also accepted the fine line between outright deception and mediocre tokens, encouraging honesty by way of reviews by the public and comments.

Armstrong also emphasized the anti-illegal activity stance of the company by reminding the users of the implications. The company is also interested in being both convenient and trusted while dealing with the challenges of memecoin listings with responsibility.

Building a Sustainable Crypto Ecosystem

Armstrong’s statement concluded with a call for a long-term vision. He stressed the importance of purging bad actors and prioritizing projects that create lasting societal value.

According to Armstrong, the crypto future is to onboard the next billion users on-chain by enabling practical uses like low-cost remittances, access to credit, and financial infrastructure.

While the potential of memecoins within this greater vision is unknown, the potential of memecoins to empower creatives, track trends, and incite innovation was something that Armstrong was certain about.

His message was that the crypto ecosystem must have a vision-driven approach and develop meaningful solutions and products that solve real problems of the real world.

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Braza Bank’s BBRL on XRP Ledger Promises to Transform Brazil’s Crypto Landscape

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Key Takeaways

  1. Braza Bank introduces the BBRL stablecoin on the XRP Ledger, boosting Brazil’s digital economy.
  2. The BBRL stablecoin aims to enhance financial inclusivity, focusing on security and efficiency.
  3. Scheduled for early 2025, the launch promises transformative use cases for both local and global markets.

Braza Bank, a prominent player in Brazil’s financial landscape with over 15 years of expertise, is making waves by introducing the BBRL stablecoin, pegged to the Brazilian Real, on the XRP Ledger (XRPL). Known for its advanced scalability and security, the XRPL offers a robust foundation for tokenization and seamless asset exchange.

Marcelo Sacomori, the manager of the Braza Group, underscored that the BBRL stablecoin bridges blockchain innovation with the stability of traditional currency to empower individuals and businesses.

Sacomori stated:

This stablecoin enables transparent international transactions, stable investments, and commercial operations and promotes market efficiency and security. Our goal is to build a network that provides high liquidity for these assets.

The BBRL stablecoin is of major potential with the DREX integration, a blockchain program of the central bank of Brazil. Innovative uses have been proposed by Braza Bank with this integration, like tokenization and custodial solutions of digital assets.

XRP Ledger Powers Financial Innovation in Brazil

RippleX’s Senior VP Markus Infanger saw the worth of this union by referencing the potential of the XRP Ledger to improve cross-border payment functionality and support access to digital assets. Having a stablecoin like the BBRL creates the opportunity to innovate possibilities for Brazil and the region, Infanger added by referencing the potential to provide innovative financial applications.

The BBRL will roll out to institutionally held accounts starting 2025, followed by B2C customers through the mobile app of Braza On. The roll-out is a digital transformation benchmark that both investments and transactions gain greater stability and transparency. The effort also signifies the bank’s vision to develop highly liquid stable assets.

Vision for the Future

Looking ahead, the company was optimistic about the innovations to be introduced by the regulator by 2025. It also predicted that the BBRL would gain a 30% market of Brazil by the end of the year with its innovative settlement streams and consolidation.

In the future, stablecoins are foreseen by the Braza Bank to be a standard piece of financial systems globally. “In five years, there will be no currency exchanges without stablecoins,” stated Sacomori. He confirmed the bank’s status as a trendsetter among Brazil’s crypto-banking industry with a purpose of catering to the growing need of institutions to have stablecoin solutions.

Related Reading | XRP Ledger Disrupts Wall Street: Tokenized US Treasuries Now Tradable 24/7

Strategy Eyes $2B Convertible Notes to Bolster Bitcoin Holdings

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Key Takeaways:

  • Strategy announces a $2 billion private offering of 0% convertible senior notes due 2030.
  • Proceeds are earmarked for Bitcoin acquisitions and corporate growth.
  • The offering targets qualified institutional buyers under Rule 144A.

Strategy has unveiled plans to privately offer $2 billion in 0% convertible senior notes due March 1, 2030. The notes, aimed at qualified institutional buyers, will be issued without regular interest and without accretion to the principal amount. The company also provides an option for initial purchasers to buy an additional $300 million in notes within five business days of issuance.

These senior, unsecured obligations come with flexible settlement options, including cash, shares of the company’s class A common stock, or a combination of both. Redemption rights will be activated starting March 2027, provided the company’s stock price exceeds 130% of the conversion price for a defined period. Redemption prices will reflect the principal amount, along with accrued interest, if applicable.

Noteholders may also demand repurchase in the event of certain corporate events or on March 1, 2028, under predefined conditions. Conversion rates and final terms will be established when pricing aligns with Strategy’s class A stock’s volume-weighted average price.

Bitcoin at the Core of Strategy’s Plans

Proceeds from this offering are intended to fuel corporate growth, with a strong focus on acquiring Bitcoin. This highlights Strategy’s continued push to expand its digital asset holdings and strengthen its position in the market. Additionally, funds will support working capital and other corporate initiatives.

While the offering provides a potentially lucrative opportunity for investors, it also underscores Strategy’s ambitious financial roadmap, leveraging its equity and debt instruments to bolster Bitcoin adoption.

Exclusive Investor Webinar Scheduled

Strategy has scheduled a live video webinar on February 19, 2025, at 10:00 a.m. EST to provide insights into the convertible notes offering. Attendance is limited to verified, qualified institutional buyers, who must undergo eligibility checks to participate. It’s important to note that webinar participation does not guarantee allocation in the private offering.

This is proof that Strategy will continue utilizing innovative funding methods to pursue its Bitcoin-centric strategy. Implementation of the offering, however, is still conditional to the market and other factors, hence there is no guarantee to its fruition.

Strategy remains committed to being a key player in the cryptocurrency investment space by integrating this funding model with its vision for digital assets. Success in this offering stands to greatly improve its ability to adapt to the changing market conditions.

Related Reading | Grayscale Investments Unveils Pyth Network Trust Amid Growing Crypto Fund Portfolio

Is the SEC’s Crypto Crackdown Over? Stark Declares It ‘Expired’

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Key Takeaways

  • The SEC’s crypto enforcement, including cases against Coinbase and Binance, is reportedly grinding to a halt.
  • Former SEC official John Reed Stark suggests these developments signal the end of the SEC’s crypto-enforcement efforts.
  • The agency’s newly formed Crypto Task Force is now reshaping the regulator’s approach to digital assets.

The U.S. SEC lawsuit against Coinbase appears to be losing momentum as the regulator reconsiders its crypto enforcement approach. Former SEC official John Reed Stark highlighted this shift, posting that the case against Coinbase, like its action against Binance, is effectively “paused.”

Stark further hinted that even the appeal in the Ripple case could also meet the same fate, calling the SEC’s enforcement campaign for cryptocurrencies “outdated.” On Friday, the agency filed the Second Circuit Court’s joint motion, citing its recent establishment’s ongoing consideration of the matter for cryptocurrencies by its Crypto Task Force.

The regulator sought the extension for the purpose of being able to react to Coinbase’s appeal for consideration, implying the likelihood for the situation being solved. In Stark’s viewpoint, this is the agency’s objective against Coinbase, much like the recent halting of the hearing for the Binance situation.

Binance and Ripple: Signs of Broader Change

The agency’s enforcement strategy appears to be being rewritten. Both the exchange and the regulator filed a joint motion for suspension of the hearing for their case, alleging the potential impact of the work by the Crypto Task Force. Stark also predicts the agency will withdraw its appeal against Ripple, the latest about-face by the agency towards regulating cryptocurrencies.

Stark also observed the agency’s previously strong Crypto Assets and Cyber Unit is now called the Cyber and Emerging Technologies Unit. This restructuring and repurposing of senior talent is reflective of the agency’s overall transformation of its enforcement strategy towards cryptocurrencies.

A Turning Point for SEC and Crypto Regulation

Under the successive governments, the agency has progressively treated the vast majority of electronic assets as equivalent to securities, something supported by various judgments by the courts. However, recent signals indicate this hard line is being softened.

Stark speculates the agency is shifting its focus from enforcement and combative litigation towards resolutions or dismissal of the cases under consideration. This shift may bring about the start of the next wave of regulatory certainty and cooperation for the space. But only the test of time will determine how this will impact investors and market players.

The agency’s enforcement campaign for cryptocurrencies seems to sit at the intersection, its future direction hanging in the balance waiting for the work being accomplished by the Crypto Task Force. In Stark’s terms, the hard-line enforcement by the SEC against cryptocurrencies may officially be over.

Related Reading | The 5 Top Crypto Coins to Buy Right Now Before the Next Bitcoin-Style Rally

Critical Month for XRP’s Next Bullish Wave: March 2025

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Key Takeaways

  • XRP’s current movement aligns with the ascending triangle pattern, dispelling “crash” claims.
  • EGRAG CRYPTO emphasizes a macro view of market sentiment shaped by entry points.
  • March’s bearish outlook signals critical developments for XRP’s long-term trajectory.

XRP’s recent market action has sparked debates, with some interpreting the movements as a “crash.” However, analyst EGRAG CRYPTO dismissed these claims, urging the community to focus on the bigger picture.

In his latest X post, he described XRP’s price behavior as a retest of the edge of an ascending triangle formation, labeling the earlier breakout attempt a “fake-out.”

He criticized the use of alarmist terms like “crash,” emphasizing that XRP’s movements are aligned with expected technical patterns. The clarification seemed aimed at calming fears among investors, urging them to focus on the bigger picture rather than micro-market “noise.”

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Macro Perspective: Beyond Micro Moves

In a thread, EGRAG CRYPTO shared insights into understanding market sentiment from a macro perspective. According to the post, investors’ perception of bullish or bearish trends hinges largely on their entry price.

For those who acquired XRP at $0.25 or $0.50, a price of $2.50 may appear significantly bullish, while individuals who bought in at $3.20 might feel differently.

The thread ventured into future price possibilities, ranging from $10 to $27, and the emotional responses these levels might evoke depending on one’s position.

EGRAG highlighted the importance of macro analysis over short-term movements, advising XRP holders to stay focused on potential long-term gains rather than succumbing to market noise.

The analyst’s approach to March, historically a bearish month in their view, underscored a strategy of patience. EGRAG’s reluctance to trade XRP stems from a belief in accumulating positions during bearish phases rather than reacting impulsively to fleeting price swings.

March’s Critical Outlook for XRP

Looking ahead, March 2025 is shaping up as a pivotal month for XRP. If the market fails to show a significant upward movement within the next 20 days, EGRAG anticipates a further decline, potentially revisiting February’s lows. This scenario could form a double bottom, signaling the continuation of Wave 2 from a macro perspective.

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However, if there is a strong rise in price before mid-March, there might be an indication of a transition to Wave 3. This will be followed by a mid-March correction at Wave 4 and an extreme price increase at Wave 5 which is predicted to be somewhere towards the end of Q2 or the beginning of Q3 2025.

Although EGRAG has a negative view on the short term price outlook, he remains MEGA BULLISH on XRP’s macro outlook. He stresses that the next two moths will define the token’s direction.

Related Reading | OKX Expands to 28 EEA Countries with MiCA License Approval

OKX Expands to 28 EEA Countries with MiCA License Approval

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Key Takeaways

  • OKX has obtained a MiCA license, enabling regulated operations across 28 EEA countries via its Malta hub.
  • The platform offers euro-based trading pairs, free bank transfers, and localized payment methods.
  • This milestone reinforces OKX’s commitment to compliant and user-centric crypto services in Europe.

OKX has announced a major achievement by securing a Markets in Crypto-Assets (MiCA) license. This approval positions OKX among the first crypto exchanges to operate under the new regulatory framework, allowing it to offer compliant services across 28 European Economic Area (EEA) countries.

Through its Malta-headquartered European office, the exchange today caters to over 400 million people with personalized crypto solutions. The exchange has more than 240 tokens, more than 300 trading pairs, and more than 60 trading pairs with a dedicated euro base.

Users can also take advantage of free euro deposits and withdrawal via banking transfer, and other fiat payment methods, for more convenient crypto trading.

The exchange’s localized strategy includes multi-language app and web interfaces, regional currencies, and regional-language customer support. The platform has a simple, intuitive experience for beginner traders, professional traders, and everything in between, with extensive features for different needs.

OKX Leverages MiCA Passporting for Regional Growth

The MiCA license grants OKX the rights of passporting, and this means OKX can seamlessly take its services into every EEA member country under a single, harmonized regime. With this, trading on the exchange becomes possible with utmost peace of mind for traders from France, Spain, and Germany.

OKX’s focus on security and compliance also finds echo with Europe’s evolving regulations. The firm’s provision of over-the-counter (OTC) trading, spot trading, and trading with bots, for regional taste, also supports crypto purchasing for consumers in Europe. The firm’s provision of widely accepted forms of payment also simplifies crypto purchasing for consumers in Europe.

This milestone supports OKX’s overall strategy of trust and crypto trading transparency. The MiCA license solidifies its status as a crypto leader in Europe, closing gaps between user needs and regulatory needs.

Expanding the Crypto Frontier

OKX’s European foray also represents its more ambitious vision of expanding global crypto adoption. In 2024, the exchange went live in seven onshore markets and acquired four regulatory licenses. The approval of MiCA also represents a significant step, enabling the exchange to scale up with compliances intact.

Looking ahead, the exchange plans to continue its EU user engagement with regional collaborations, special rewards, and meet-ups. With accessibility and innovation being its top priority, the company looks to strengthen its presence in Europe and beyond.

This achievement represents the dawn of a new chapter for the exchange, paving the way for more crypto adoption in the region. The future of OKX looks bright with more improvements on the way, with the exchangeworking towards a compliant, inclusive, and secure trading environment.

Related Reading | Toncoin (TON) Price Down, But Holders Accumulate—Are Bulls Gearing Up for a Comeback?

XRP Ledger Disrupts Wall Street: Tokenized US Treasuries Now Tradable 24/7

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Key Takeaways:

  • Ripple and Ondo Finance bring US Treasuries to XRP Ledger, revolutionizing traditional finance.
  • XRP’s decentralized exchange (DEX) already processes $400M+ monthly, and the volumes of tokenized Treasuries are set to skyrocket.
  • XRP’s instant settlement and minimal fees challenge Ethereum’s dominance in tokenized assets.

Ripple has taken a groundbreaking step in integrating traditional finance with blockchain technology. Partnering with Ondo Finance, the XRP Ledger now hosts tokenized US Treasuries, marking a pivotal moment in the evolution of digital finance.

Widely regarded as being the safest asset on earth, US Treasuries can be traded 24/7 with instant settlement and low fees, a stark contrast with traditional systems’ slow and expensive processes.

This development defies the general perception of there being insufficient infrastructure for actual use cases for cryptocurrency. The move of Ripple recontextualizes the use of XRP, from being confined to payments into a hub for institutionally-oriented finances.

With XRP’s exchange, which has been transacting more than $400 million in volume on a monthly basis, the presence of tokenized Treasuries has the potential for unprecedented growth.

XRP Redefines Instant Settlements in Finance

Inefficiencies have dogged traditional finance for years—days for transactions and costly fees. Ripple’s adoption addresses them directly. Tokenized Treasuries on the XRP blockchain mean smooth, real-time trading, and the ways of traditional Wall Street feel dated.

Financial institutions are not only passive on-lookers anymore, but are proactively becoming a part of the ecosystem. The ability of XRP for instant, low-cost trading is transforming institutional strategy. Institutions and banks today view blockchain not only as a theoretical advancement and also as a real tool for contemporary finance.

Long regarded as the leader of tokenized assets, Ethereum has competition. The low fees and fast settlement of XRP present a viable alternative, with the XRP Ledger being a serious challenger for leader of the tokenized assets.

Smart Money Turns to XRP Ledger for the Future

The partnership of Ondo Finance with Ripple illustrates a larger movement: institutional players are not shy. They know what blockchain can do and are scrambling to capitalize on what can be accomplished with XRP. It’s not speculation-driven noise—it’s actual movement towards altering money.

As the XRP Ledger gains wider adoption with Treasuries, the gate swings wide for other traditional assets to be onboarded onto the blockchain revolution. Institutions on the ground today, accepting XRP, are not only trending with the times—but defining the future of finance.

This initiative represents the maturity of blockchain, bridging the gap between the legacy and new money worlds. The maturity of XRP into a destination for institutionally grade assets talks of its growing importance, reinforcing its status as a major player in the future of global finances.

Related Reading | Ethereum (ETH) Supply Crisis Unleashes Potential for a $3,300 Explosion

Ethereum (ETH) Supply Crisis Unleashes Potential for a $3,300 Explosion

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Key Takeaways

  • Ethereum shows signs of rebound, with its market value reaching $2,745 and outpacing other altcoins this week.
  • ETH supply on exchanges drops to 6.38%, the lowest since its genesis, indicating strong accumulation in cold wallets.
  • Projections suggest Ethereum could reach $3,300 within a week, fueled by technical patterns and bullish sentiment.

Ethereum has displayed early signs of recovery, with its market value climbing back to $2,745, marking a solid start to the week. As Santiment highlighted, ETH is outpacing most altcoins, signaling growing momentum in its price action.

This rebound comes after a prolonged period of underperformance, during which Ether lagged behind other large-cap cryptocurrencies throughout 2024. In addition to short-term recovery, Ether’s long-term fundamentals reflect a bullish narrative.

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A striking shift is unfolding in the market, with just 6.38% of ETH’s total supply currently held on exchanges, the lowest percentage since Ether’s genesis. This metric is significant as it suggests a strong accumulation phase, with investors moving their holdings to cold wallets for safekeeping rather than leaving them on exchanges for trading.

Historically, such trends indicate reduced selling pressure, which often sets the stage for upward price movement. Market sentiment appears to be improving, particularly as February progresses. After months of being overshadowed by other assets, Ether is drawing renewed interest from both retail and institutional participants.

This renewed optimism could be pivotal in driving ETH’s price higher, particularly as broader market recoveries are anticipated. If Ethereum sustains this momentum, it may solidify its position as a leading force in the next bullish phase of the crypto market.

Mixed Sentiment in the Ethereum Community

While some celebrate Ether’s prospects, the crypto community remains divided. A post by Seth sarcastically proclaimed, “Ethereum is dead!” This was followed by bullish technical observations like an MACD crossover and RSI divergence, hinting at a potential rally.

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Seth humorously referenced institutional interest, including claims of U.S. institutions and Goldman Sachs purchasing Ethereum, further adding to the growing chatter around ETH. Such contrasting opinions highlight the volatile and speculative nature of the market. While skepticism exists, bullish indicators and rising interest seem to outweigh doubts for now.

Bullish Projections Suggest $3,300 Target

Crypto expert Ted Pillows shared an optimistic forecast for Ethereum, projecting it could hit $3,300 within a week. He highlighted a symmetrical triangle pattern on ETH’s price chart, which is traditionally considered bullish. According to Pillows, a breakout above $2,750 could lead to a rally toward the $3,100–$3,300 range.

Currently priced at $2,675.07, Ethereum is nearing critical resistance levels. If these are breached, a short-term pump could push ETH to new highs. However, Pillows also foresees a consolidation phase following this potential surge. This suggests Ethereum may stabilize before embarking on another upward rally.

Despite an 18% decline in the past month, a recovery to $3,300 could reignite confidence in Ethereum’s trajectory. As the market anticipates broader recoveries, Ethereum’s role in the next bullish phase will be closely watched.

Related Reading | Wyoming Stable Token Commission Proposes Blockchain Innovation for State Treasury

Binance Hits Back at Sale Rumors: He Yi Calls Out Competitors

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Key Takeaways

  • Binance co-founders He Yi and Changpeng Zhao have denied rumors about a potential sale, labeling them as competitor-driven misinformation.
  • He Yi emphasized Binance’s openness to strategic partnerships and acquisitions but dismissed claims of selling the platform.
  • Recent asset movements in Binance’s treasury sparked speculations, which the company clarified as routine accounting adjustments.

In response to speculation that Binance is on sale, co-founder He Yi strongly refuted reports of sale rumors, saying that they were mere moves by its competitors to instill fear and doubt. The exchange is constantly speaking to institutions that are considering investing or partnering but remains committed to its independence, says He Yi.

Addressing the rumors, He Yi posted that the exchange sale reports were false and were part of a broader plot by its competitors to undermine the platform. She reiterated that the exchange is prepared to form strategic deals or buy out other exchanges but that there were no plans to sell off the company. “If there are other trading platforms with sales plans, please feel free to contact us,” she added.

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Changpeng Zhao Reassures Binance’s Stability

Changpeng Zhao, co-founder of Binance and ex-CEO, also dismissed the rumors. With a cutting tweet on X (former Twitter), Zhao called reports of selling the exchange “FUD” by an Asian-based rival. Zhao declared that there is no sale on cards and is continuing to have interest from top-notch global investors.

Zhao elaborated, explaining that while the exchange will make occasional small-sized investments, that will never constitute a single-digit percentage of ownership. “As a shareholder, Binance is never up for sale,” he declared, securing the company’s position as a global leader of the cryptocurrency market.

Asset Movements Trigger Speculations

The rumors were driven by apparent changes in assets held by the exchange. On February 11, X user AB Kuai.Dong noticed that there had been a sharp fall in Binance’s assets held of Bitcoin and Ethereum. The observation created speculations on the exchange’s financial health, where people were asking if the company is offloading assets.

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However, Binance acted fast to clear up the matter by explaining that movements were not sale or financial distress-related but were actually routine adjustments of Binance Treasury bookkeeping practice. The company also assured customers that assets engaged were historical revenues of its company and were never customers’ funds.

The exchange further stated that its converted funds were mostly invested in stablecoin USDC, whereas very little movement occurred on its native token, BNB. Despite speculations that have been circulating, the exchange is still a resilient and sturdy player within the cryptocurrency market, continuing its exploration of avenues of expansion while ignoring unsubstantial rumors.

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