bellf55yf

@bellf55yf

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ITAP sunflowers bursting with mid summer colors ~

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Based on its correlation with the global liquidity index, Bitcoin’s right-hand side (RHS), which marks the lowest bid price someone is willing to sell the currency for, may fall below $70,000 around the end of February, after it peaked near $110,000 in January.

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Still, some analysts are concerned that Bitcoin’s correction may see the world’s first cryptocurrency revisit $70,000.

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“These changes ultimately ensure Kraken remains compliant and is able to provide its exceptional trading experience to European clients for the long term,” the company stated in an announcement.

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Montana Representative Steve Fitzpatrick said that Montana’s investment board “has a lot of money sitting in the bank” that could be put to better use by investing in these precious metals and digital assets.

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“The amount of shit thats coming up to the surface now is really badly damaging to SOL ecosystem,” Runner XBT, a pseudonymous trader, said in a Feb. 16 X post.

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Now, insider selling and huge losses for retail are souring sentiment on Solana’s memecoin ecosystem.

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The memecoin launches brought significant trading volume to Solana, reportedly causing congestion on the network.

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Trump’s advisory team launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network, ahead of Trump’s presidential inauguration on Jan. 20.

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“We are aware that some users may be experiencing delayed sends and receives on the Solana network. Buys, sells and fiat withdrawals/deposits are not affected. Our infrastructure team is working to resolve the issue,” a Coinbase representative told Cointelegraph.

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“To be clear, this has nothing to do with the chain,” Mumtaz said, referring to Solana.

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“Coinbase is estimating 100 minutes for processing for USDC receives on Solana,” Mert Mumtaz, CEO of Solana infrastructure provider Helius, said in a Jan. 20 X post.

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Coinbase’s delays appear to be at least partly independent of Solana’s, with some users saying the exchange’s settlement times lagged the blockchain network’s by hours. On Jan. 20, one X user described a 15-hour transaction delay on Coinbase.

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Solana users were experiencing network difficulties following the recent memecoin launches by Trump and his wife, Melania, ahead of the official presidential inauguration on Jan. 20.

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“Lots of Solana activity last few days, we were not anticipating this level of surge,” Armstrong added.

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The crypto exchange’s “team is working hard on scaling our Solana infra now,” Coinbase CEO Brian Armstrong said in a Jan. 19 post on the X platform.

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Coinbase users complained of hours-long delays on Solana transactions as network congestion tied to US President Donald Trump’s Jan. 18 memecoin launch impacted the cryptocurrency exchange.

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Crypto firms BitGo and Kraken announced in December that they would assist in distributing recoveries to FTX users. Assuming all users file complete claims, the exchange could be expected to pay out roughly $16 billion.

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Former FTX CEO Sam “SBF” Bankman-Fried, former Alameda Research CEO Caroline Ellison, and former FTX Digital Markets co-CEO Ryan Salame were all sentenced to years in prison, though SBF has filed an appeal for his conviction.

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Of the FTX executives indicted amid the exchange’s collapse, only two escaped prison time: former engineering director Nishad Singh and co-founder Gary Wang.

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