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The increased public interest in bitcoin, sparked by rumors in Q3 2023 that investment giant Blackrock contemplated launching a bitcoin exchange-traded fund (ETF), persisted throughout 2024. During this time, bitcoin’s performance versus other assets in U.S. dollars was phenomenal, further fueling interest. Although founded on groundbreaking software, bitcoin’s growing popularity seemingly revolves around its U.S. dollar price rather than the underlying technology’s capabilities. The emergence of bitcoin and cryptocurrency as a key issue in U.S. elections and President Donald Trump’s decision to embrace crypto highlight how bitcoin’s popularity is increasingly disconnected from the technology behind it. As the trend is expected to continue in 2025, with the “pro-crypto” Trump administration making good on promises to advance the digital asset industry’s causes, some Bitcoin blockchain proponents stress the importance of highlighting the tech’s other use cases. One of these proponents, Luke Xie, co-founder and CEO of Satlayer, highlights the introduction of Taproot as a development that should sustain interest in both the native cryptocurrency and the underlying technology. According to Xie, an alumnus of the Massachusetts Institute of Technology (MIT), Taproot has not only enabled the trade of non-fungible tokens (NFTs) and inscriptions but has also made it possible to create solutions that further push the boundaries of what is possible. “For example, solutions such as Babylon allow BTC holders to participate in staking to secure other networks and earn rewards. This effectively extends Bitcoin’s utility without sacrificing its fundamental PoW consensus security model,” Xie explained. He also revealed that his platform subsequently built on this to enable a phenomenon known as Bitcoin restaking. Besides Taproot and restaking, the Satlayer CEO also pointed to layer-2 protocols designed to overcome Bitcoin’s limitations, creating a Bitcoin-centric decentralized finance (BTCFi) ecosystem. In written answers to questions from Bitcoin.com News, Xie discussed how Bitcoin restaking has extended the blockchain’s security “to power richer functionality.” Simplifying what Bitcoin restaking effectively done, Xie said: “Think of it as storing gold in a vault (Bitcoin’s main chain) and receiving a certificate (wrapped BTC) to use in broader markets.” For users, Bitcoin restaking means earning yields from decentralized applications, liquidity pools, and defi products while keeping their principal BTC secure. “Restaking transforms BTC into a dynamic, yield-generating asset that will consistently earn its holders a return. In the process, it bootstraps an array of new networks and protocols,” Xie adds. Bitcoin restaking also offers a less capital-intensive way to secure new blockchain networks. Instead of relying on unproven tokens and wealthy investors, restaking allows developers to focus on building new applications and use cases, knowing that the restaking mechanism will provide the necessary security and liquidity for growth. Regarding Satlayer’s role in helping developers build Bitcoin Validated Services (BVS), Xie revealed that his platform has introduced Bitcoin Restaking Tokens (LRTs) to mirror the staked BTC. He said the LRTs could be traded, deployed in defi, or restaked to secure new protocols. This, he said, gives BTC “a utility layer comparable to staked ETH in the Ethereum ecosystem.” Xie meanwhile argues that bringing the Ethereum restaking concept to Bitcoin, which boasts a far larger market capitalization and liquidity, will allow a new universe of BTC-centric defi, featuring stablecoins, lending protocols, and even synthetic assets, to thrive. In other words, the developments and innovations prove that Bitcoin is not just about the “number go up hopium.” Instead, the top digital asset can become the “bedrock for a new class of applications, all while preserving the qualities that made it the king of crypto in the first place,” Xie said. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Crypto markets are dynamic, and Cardano (ADA), Trump (TRUMP), Solana (SOL), and Peanut the Squirrel (PNUT) are showing varied price action, setting up interesting scenarios for weekend traders. Some of these are hinting at an upward movement, others have hit resistance, which could lead to price drops. Here’s the details. Cardano (ADA) is trading at $0.7981 , having edged up by 0.18% over the last day. The price has bounced between $0.7964 and just above $0.82. ADA has been on a pattern of higher peaks and higher lows, indicating short-term upward momentum. However, recent price rejections suggest that resistance could be forming. The $0.796–$0.798 area of support has prevented further price decreases, along with another minor support level at $0.79. If ADA falls below these points, expect a deeper slide. On the flip side, resistance between $0.82 and $0.825 remains a hurdle. Getting above $0.82 might propel the price towards $0.85. But, if it can’t stay above support, a move back to $0.79 is possible. Related: Bitcoin, XRP, SOL, and ADA Face Pullback as TD Sequential Flashes Sell Signals Official Trump (TRUMP) surged by 19.85% in a single day, now priced at $20.65 . The price moved from a low of $17.23 to over $24, pointing to strong upward momentum. Even with a slight dip, TRUMP is holding above $20, confirming its current trend. Right now, support is between $20 and $20.50, backed up by another layer between $18.50 and $19.00. If there’s a bigger drop, $17.23 might be tested – the lowest price seen recently. Resistance is around $22.50–$23.00, with even stronger resistance at $24. If $TRUMP stays above $20 and breaks $23, a target of $25 could be in play. However, dropping below $20 could lead to pullbacks toward $19 or lower. Solana (SOL) saw a slight decline of 0.07%, currently trading at $195.98 . The price varied between $194 and over $204. Initially, the token showed strong upward momentum, but a retreat brought it close to key support levels. In the immediate short-term, support is at $195, with more between $192 and $194. A larger correction could test $190, a significant psychological support area. Resistance is between $200 and $202, and a major barrier is at $204–$206. If SOL reclaims $200, an attempt to surpass $204 and aim for $210 is possible. Otherwise, a drop below $195 may push the price down towards $192 or even lower. PNUT gained 13.2% yesterday, reaching $0.1705 . The price moved between $0.1506 and over $0.20, showing strong upward momentum first, followed by a pullback. Related: Bitcoin Price Stalls, Altcoin Rally Soon: What’s Next For ETH, SOL, UNI and LINK? For now, support at $0.165–$0.170 is key to holding steady. Going below this range could send the price to $0.155–$0.160. The lowest support on record is $0.1506. Resistance at $0.180–$0.185 and $0.195–$0.200 remains important. Climbing above $0.200 could mean further price gains, while failing to hold support could trigger more price decreases. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Solana’s price tests key resistance at $196.89, determining short-term movement. SOL outperforms Bitcoin and Ethereum in recent price growth and volatility. Successful breakout above $198 could push SOL toward $205-$210 resistance. Solana (SOL) has emerged as a strong contender in the cryptocurrency market, building traction due to its high-speed transactions and growing ecosystem. As staking and decentralized finance (DeFi) adoption expand, investors are watching whether these factors will push SOL’s price higher. Recent price movements suggest an ongoing recovery, but resistance levels could determine the next trend. Meanwhile, Solana’s performance compared to Bitcoin (BTC) and Ethereum (ETH) raises questions about its long-term competitiveness. SOL Price Recovers – Key Resistance Zones in Focus Solana’s price recently dipped to the $188-$190 range before reversing into an upward trajectory. The rebound led the price past $194, signaling renewed buying interest. Currently, SOL is testing a resistance level around $196.89, a zone that could influence short-term movement. Source: CoinMarketCap The broader market conditions and investor senti… The post Staking & DeFi Set Stage for Solana $200 Break—Key Price Levels in Focus appeared first on Coin Edition.

The post SEC Explores Staking in Crypto ETPs with Jito Labs and Multicoin Capital appeared first on Coinpedia Fintech News In a recent update, the U.S. Securities and Exchange Commission (SEC) recently met with Jito Labs and Multicoin Capital to explore an exciting possibility – adding staking to exchange-traded products (ETPs). This meeting is part of the SEC’s ongoing push to shape a clear and structured regulatory framework for cryptocurrency investments. On February 14, the U.S. SEC’s Crypto Task Force released a memorandum revealing the meeting. The discussion, held on February 5, focused on integrating staking into crypto-based ETPs. Attendees included Jito Labs CEO Lucas Bruder, CLO Rebecca Rettig, and Multicoin Capital Managing Partner Kyle Samani, along with General Counsel Greg Xethalis.

South Korea’s Financial Services Commission (FSC) has announced plans to gradually lift the ban on institutional cryptocurrency trading, which has been in place for the last 8 years. This policy shift aims to align with global trends and address the growing domestic demand for blockchain-based financial products. Turns out, they’re doing this in two stages, split into the first and second half of the year. In the first half of the year, nonprofits like charities, universities, and law enforcement agencies, will be permitted to open real-name verified accounts on cryptocurrency exchanges. This will enable the said institutions to manage and liquidate crypto donations more effectively. In the second half, a few thousand listed companies and professional investors gain access to the crypto markets through a pilot program. These entities will be allowed to open real-name accounts for investment and financial purposes, marking a notable shift from the previous restrictions. Speaking of the old ban, in 2017, South Korea put a ban on corporate crypto trading due to concerns over market speculation and potential money laundering. However, with the global surge in blockchain adoption and the maturation of the crypto industry, the FSC has now decided to rethink its stance. Related: South Korea Accelerates Crypto Regulations as U.S. Policies Shift Furthermore, in late 2023, South Korea proposed the Virtual Asset User Protection Act . The new law introduced stronger investor protections, allowing regulators to enforce fair trading practices, prevent fraud, and clear up legal gray areas. This laid the groundwork for safely integrating institutional participation in crypto, with the act coming into effect in mid-2024. Despite the recent regulatory changes, traditional financial institutions, like banks and brokerages, remain prohibited from engaging in cryptocurrency-related activities. These include buying, selling, and offering crypto-backed ETFs. There are likely a few reasons why FSC decided to do this. For instance, many South Korean corporations, universities, and charities had already received cryptocurrency donations or held crypto assets but faced legal barriers in liquidating or managing them. It’s also no secret that South Korea wants to be a global financial hub, but countries like Hong Kong, Singapore, and the UAE have already created favorable environments for crypto businesses (not to mention the US and the EU). Looking at it this way, this move could be South Korea’s way to stay competitive by updating its policies. Related: South Korea’s Jeju Island Leads Blockchain Tourism Push In addition, allowing institutional players to enter the crypto space could drive new blockchain projects, investments, and economic growth, boosting the country’s fintech and Web3 ecosystem. No matter the reason(s), it looks like South Korea is heading toward a more mature and structured crypto market driven by institutional demand, global trends, and new legal frameworks. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.