Author: John Smith
U.S. credit card balances reached $1.28 trillion by the end of the fourth quarter, marking a $44 billion increase in debt over the three-month period, according to data released Tuesday by the Federal Reserve Bank of New York. Summary The increase reflects growing reliance on credit cards as household finances remain under pressure. Balances are up 5.5% year-over-year. The figures are part of the Fed’s quarterly household debt report, which monitors credit cards alongside mortgages, auto loans, and student debt. The figures represent the highest level of credit card debt on record for American consumers. The quarterly increase reflects growing…
CNBC’s Jim Cramer claimed the Trump administration may buy Bitcoin for a proposed U.S. Strategic Reserve, reportedly targeting a $60,000 entry price amid recent market volatility — a statement denounced by George Noble, former aide to famed investor Peter Lynch. Summary Cramer suggested on CNBC that the U.S. government would buy Bitcoin at $60,000. The assertion drew backlash from George Noble, who called the claim “complete nonsense” and noted Cramer’s history of inaccurate market predictions. Treasury testimony and blockchain data confirm the government cannot legally buy Bitcoin with public funds; current holdings come only from criminal seizures, and wallets have…
Chainlink price continued its downward trend on Tuesday, February 10, continuing a downward trajectory that started in August when it peaked at $27.8. Summary Chainlink price has dropped in the last four consecutive weeks. The Bank of England selected it as a member of its Synchronization Labs. Technical analysis suggests that the LINK price will continue falling. Chainlink (LINK) token was trading at $8.60, down by 70% from its highest point in 2025. It is hovering near its lowest level since Aug. 2024. LINK token retreated even after the Bank of England selected Chainlink as part of the Synchronization Lab,…
The Dow Jones Index continued its strong bull run, reaching a new all-time high on Tuesday, as investors waited for the upcoming corporate earnings and key macro data. Summary The Dow Jones Index continued its strong bull run ahead of the upcoming earnings. It has jumped by 37% from its lowest level in April last year. The US will publish key macro data on Wednesday and Friday. Dow Jones, which tracks 30 diverse companies, reached a record high of $50,520, three days after it crossed the important $50,000 milestone. Other blue-chip indices like the S&P 500 and the Nasdaq 100…
Solana price remains under corrective pressure as fading bullish volume and unresolved liquidity below price open the door for a move toward the $57 Fibonacci extension. Summary $170 support flipped to resistance, confirming bearish market structure Low-volume bounces signal weak demand, increasing downside risk $57 Fibonacci extension is critical, acting as a potential capitulation and reversal zone Solana (SOL) price action continues to trade within a broader corrective phase after losing key structural support earlier in the cycle. While short-term bounces have emerged, the lack of strong bullish participation suggests these moves may be temporary rather than trend-defining. As Solana…
Crypto markets are definitely under pressure. The year got off to a shaky start, and weakness has continued as traders remain cautious in a low-liquidity, macro-uncertain environment. That’s left Ethereum and Solana stuck in corrective moves for now. Let’s take a closer look at ETH and SOL, analyzing recent price moves and network fundamentals to gauge their near-term price predictions. Summary Crypto markets remain volatile and risk-off as of February 10, 2026, with large-cap coins like Ethereum and Solana trading below last year’s highs. ETH is around $2,016, showing short-term bearish momentum, with key support at $1,760 and resistance near…
Ripple has expanded the reach of its RLUSD stablecoin in the Middle East through a new strategic partnership with UAE-based digital bank Zand, a move that could have longer-term implications for the XRP ecosystem. Summary Ripple has expanded the reach of its RLUSD stablecoin in the Middle East through a strategic partnership with UAE-based digital bank Zand, targeting regulated on-chain finance use cases. The collaboration will deploy Zand’s AED-backed stablecoin (AEDZ) alongside RLUSD to support blockchain-based payments, settlement, liquidity management, and tokenization. While the deal focuses on stablecoins, Ripple’s growing institutional footprint is viewed as a supportive backdrop for XRP,…
Gold at $5k exposes how brutally altcoins have lagged, even as gold-backed RWA tokens like PAXG and XAUT surge in adoption and on-chain trading. Summary Analyst flags weekly RSI near 25 for altcoins versus gold, matching or exceeding COVID-crash style stress. Gold-backed RWA tokens PAXG and XAUT track spot near $5k yet remain a tiny slice of global bullion despite accelerating inflows. Tokenized gold and silver markets expand with volatile derivatives flow as investors hunt on-chain exposure to hard assets. Michaël van de Poppe fires a warning flare. “The current valuation of #Altcoins against Gold is the lowest it has…
Crypto security nonprofit Security Alliance has received a sponsorship from the Ethereum Foundation as it ramps up efforts to curb crypto drainers and other attack vectors targeting Ethereum users. Summary The Ethereum Foundation is sponsoring a SEAL security engineer to track and neutralize crypto drainers targeting Ethereum users. Drainer-related thefts fell to $84 million in 2025, the lowest on record, according to data cited by SEAL. According to SEAL, the Ethereum Foundation has sponsored a security engineer through the nonprofit’s “Trillion Dollar Security” initiative after it reached out to the foundation late last year. In line with SEAL’s objective, the…
Hyperliquid, a decentralized perpetual futures exchange, has quietly overtaken Coinbase in total notional trading volume, marking a major shift in how crypto traders are choosing to trade. Summary Hyperliquid recorded about $2.6T in notional trading volume in 2025. Coinbase posted roughly $1.4T over the same period. The gap reflects rising demand for on-chain derivatives platforms. According to data shared on Feb. 10 by on-chain analytics platform Artemis, Hyperliquid processed about $2.6 trillion in notional trading volume in 2025. Coinbase, one of the world’s largest centralized exchanges, recorded around $1.4 trillion over the same period. Despite Hyperliquid (HYPE) launching only a…