Ripple Labs has moved 700 million XRP tokens into escrow.
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Crypto Market Reacts More to FUD Than Positive News: Nansen
A new report by the on-chain analytics platform Nansen has disclosed that the crypto market appears satiated for now and is reacting more to negative sentiment than positive news. The report discussed U.S. President Donald Trump’s latest executive orders, the Federal Reserve, and the artificial intelligence (AI) saga making the rounds this week. The reaction to negative news has triggered volatility, which provided some opportunity for traders to enter the market at more attractive levels. However, Nansen insists that the industry needs more good news on technology companies’ earnings, especially as leading United States AI entities have been shaken. Market Reacts to Negative News Nansen suspects that the “buy the rumor, sell the news” narrative has been at play in both the crypto and stock markets. President Trump signed a crypto executive order last week, but what followed was an underwhelming price action by bitcoin (BTC) and the rest of the digital asset market. Additionally, the Elon Musk-led Department of Government Efficiency (DOGE) initiative started considering using a public blockchain to track and manage public expenses, but the crypto market mostly ignored this news. Conversely, earlier this week, the DeepSeek AI saga triggered a massive correction in AI-related stocks and crypto assets. Although prices have slightly alleviated, the market reacted more to negative news than positive announcements. Even the recovery has been somewhat “timid,” in Nansen’s words. The firm said buyers’ confidence has been eroded, which is evident in price and volume action. “It is still a psychologically fragile market, with confidence in the AI narrative somewhat eroded. This is important for other risk assets because of the dominance of AI-related stocks in performance and market cap for two years. We need more good news on earnings,” Nansen said. Positive Policy Backdrop Regardless of the state of the crypto market, Nansen believes that this is still a bull season and sees volatility as an opportunity. Also, the policy backdrop for crypto has been positive, which is a bullish sign for the market. Among other things, the U.S. Securities and Exchange Commission’s (SEC) accounting rule, SAB 121, has been annulled. This rule mandates entities that custody cryptocurrencies so that customers can report the assets as liabilities on their balance sheets. The agency has now adopted SAB 122, which will remove large capital costs posted by banks to custody crypto assets for clients. The post Crypto Market Reacts More to FUD Than Positive News: Nansen appeared first on CryptoPotato . AMB Crypto
The Biggest Games Releasing in February 2025
From pirates to monster hunts, medieval epics to strategy showdowns: Here’s February`s biggest game releases you won’t want to miss. AMB Crypto