Ripple’s CTO stated that the company should prioritize its own interests when selling XRP, raising concerns among investors about the nature of their investments. This comes amid heightened interest in XRP, particularly after a dormant wallet linked to co-founder Chris Larsen was revealed to hold over $7 billion in XRP. Despite a recent rally following President Trump’s announcement of a potential US crypto reserve, analysts warn that the sustainability of this surge is uncertain due to the need for congressional approval.
about Ripple CTO Advocates for Company Interests Amid XRP Investor ConcernsRiot Blockchain, Inc.
0 in Finance and 0 in Crypto last weekRiot Platforms Reports 470 Bitcoin Mined in February with Strategic Developments
Riot Platforms mined 470 Bitcoin in February 2025, a 12% increase year-over-year, despite an 11% decline from January due to maintenance and higher power costs. The company is enhancing its Bitcoin reserves and operational efficiency while exploring opportunities in artificial intelligence and high-performance computing. With a total hash rate of 33.6 EH/s, Riot aims for significant growth, including a project in Corsicana, Texas, expected to reach 1 gigawatt capacity by 2026.
about Riot Platforms Reports 470 Bitcoin Mined in February with Strategic DevelopmentsBitcoin Miners Struggle Amid Market Decline and Halving Impact
Bitcoin mining stocks are facing significant challenges as prices decline, with a 22% drop in market capitalization reported in February. The recent halving event has halved mining rewards, leading to a 46% average drop in revenues and a 57% decline in gross profits. Despite optimism about AI-related business opportunities, miners are still under pressure from macroeconomic uncertainties and fluctuating demand for high-performance computing.
about Bitcoin Miners Struggle Amid Market Decline and Halving ImpactTexas Senate Advances Bill for State Cryptocurrency Reserve Creation
The Texas Senate Banking Committee has unanimously approved a bill to create a state-managed Bitcoin and cryptocurrency reserve, moving it to the full Senate for consideration. Senate Bill 21, introduced by State Sen. Charles Schwertner, aims to protect state financial reserves from inflation and economic instability by allowing the Texas Comptroller to manage and trade digital assets. This initiative aligns with a nationwide trend, as over 20 states explore similar measures to diversify public funds amidst economic uncertainties.
about Texas Senate Advances Bill for State Cryptocurrency Reserve CreationTexas Senate Advances Bill for Strategic Bitcoin and Cryptocurrency Reserve
Texas Senate Bill 21, aimed at establishing a Bitcoin and cryptocurrency strategic reserve, has advanced to the Senate floor after a unanimous vote in the Banking Committee. The bill empowers the Texas Comptroller to manage investments in digital assets, citing their potential as a hedge against inflation and economic instability. Introduced by Senator Charles Schwertner, the legislation was revised to include various digital assets following a federal directive, with advocates emphasizing Bitcoin’s transparency and auditability as crucial for financial security.
about Texas Senate Advances Bill for Strategic Bitcoin and Cryptocurrency ReserveBitcoin and Ethereum Face February Losses but Long-Term Bull Market Persists
Bitcoin and Ethereum are facing significant losses in February, with BTC down over 7.8% and ETH down 9.47%, marking their worst February in years. Despite this downturn, analysts remain optimistic about a long-term bull market, citing increasing institutional interest and potential regulatory changes under a new political landscape. While altcoins may not experience explosive rallies like in previous years, the crypto market is maturing, suggesting a more stable growth trajectory ahead.
about Bitcoin and Ethereum Face February Losses but Long-Term Bull Market PersistsInaugural League of Legends First Stand Tournament Schedule Announced for 2025
The inaugural First Stand Tournament 2025, organized by Riot Games, will take place at LoL Park in Seoul from March 10 to March 16. Featuring top teams from five major leagues, the event includes a round-robin stage followed by knockout rounds, culminating in the crowning of the first champion, who will earn a spot in the 2025 Mid-Season Invitational. The tournament will also introduce Riot’s Fearless Draft format, enhancing strategic gameplay by banning champions used in previous matches.
about Inaugural League of Legends First Stand Tournament Schedule Announced for 2025Impact of Trump’s Tariffs on the Cryptocurrency Market and Mining Operations
Tariffs imposed by the U.S. under President Trump have significantly impacted the cryptocurrency market, leading to notable price declines for Bitcoin and Ethereum. The 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Chinese goods, triggered a sell-off as investors shifted to safer assets amid economic uncertainty. Additionally, increased costs for mining equipment due to tariffs have squeezed profit margins for U.S. Bitcoin miners, further affecting the industry’s stability.
about Impact of Trump's Tariffs on the Cryptocurrency Market and Mining OperationsRipple CTO discusses XRP Ledger advantages over Bitcoin and Ethereum
Ripple CTO David Schwartz has highlighted the technical advantages of the XRP Ledger (XRPL) over Bitcoin and Ethereum, noting that while Bitcoin benefits from brand recognition, XRPL offers a balanced approach with enhanced security and advanced transaction capabilities. He acknowledged Ethereum’s strengths but pointed out the trade-offs involved, positioning XRPL as a middle ground that combines the security of Bitcoin with the flexibility of Ethereum, despite inheriting some limitations from both networks.
about Ripple CTO discusses XRP Ledger advantages over Bitcoin and EthereumBitcoin miners pivot to AI and chip sales ahead of earnings reports
Analysts are focusing on Bitcoin miners’ revenues from AI computing and chip sales ahead of their Q4 earnings, as traditional mining profits decline due to the upcoming halving. Companies like Riot Platforms and Bitdeer are exploring adjacent business lines, with strong demand for ASIC chips and AI services. Riot is also reassessing its expansion plans to capitalize on high-performance computing opportunities, while Bitdeer is investing in infrastructure to support growth.
about Bitcoin miners pivot to AI and chip sales ahead of earnings reportsEconomic Reports and Events Impacting Crypto Markets This Week
Recent economic reports indicate cracks in the US economy, with low service-sector PMI readings and concerns over job market impacts from federal layoffs. Key data releases this week, including GDP and PCE inflation, could influence market sentiment, while a Senate hearing on digital assets may positively affect crypto markets. Bitcoin and Ethereum have shown low volatility, with Bitcoin dipping below $96,000 and Ethereum struggling to maintain gains after recovering from recent hack news.
about Economic Reports and Events Impacting Crypto Markets This WeekStrategy raises two billion dollars to expand Bitcoin acquisitions
Strategy has announced a $2 billion debt offering through convertible senior notes to expand its Bitcoin reserves, seizing current market fluctuations as an opportunity for acquisition. Despite a recent pause in purchases, the firm remains committed to its strategy, holding 478,740 Bitcoins valued at approximately $46 billion. The company, formerly known as MicroStrategy, has also rebranded to reflect its focus on Bitcoin and is exploring new products to integrate with the cryptocurrency infrastructure.
about Strategy raises two billion dollars to expand Bitcoin acquisitions