Latest crypto news updates for February 7th, 2025:

- *Bitcoin Price Update*: Bitcoin's price hovers around $97,000, after losing nearly 5% in the last three days. The CryptoQuant weekly report shows that activity on the Bitcoin network has declined to its lowest level in a year.

Isa Abatcha | Investor and finance expert | Sharing insights on stocks, crypto, and personal finance

- *XRP ETF Gains Traction*: The Chicago Board Options Exchange (Cboe) has filed a 19b-4 with the SEC to list and trade XRP exchange-traded funds (ETFs) for asset managers Canary Capital, Bitwise, 21Shares, and WisdomTree.

*Papua New Guinea's CBDC Trial*: The Bank of Papua New Guinea has successfully completed a proof of concept (PoC) for its proposed central bank digital currency (CBDC), named the Digital Kina, in partnership with Japan's Soramitsu.³

- *INXY Raises $3 Million in Funding*: INXY has raised $3 million in funding to make crypto payments accessible and compliant for businesses, while expanding its offerings globally and driving innovation in the crypto market.⁴

- *ONDO Breaks $1.37 Barrier*: ONDO's price has conquered the $1.37 weekly close mark, reaching $1.45, and hinting at a decisive upward price action in the coming week. This surge is attributed to the successful launch of 'Ondo Chain' and the backing of leading Wall Street brands

Bitcoin's price dip to $97,000 reflects the current market sentiment, while the decrease in network activity suggests a period of consolidation. HODLers stay strong! 📉💰 