Coin24h Crypto weekly update

Weekly Cryptocurrency News Summary

February 8 – February 14, 2025

Market Movements

Bitcoin (BTC) experienced a modest increase of 0.8%, reaching $97,100. Ethereum (ETH) saw a 1.1% rise, while XRP surged by 12%, and Solana (SOL) climbed 2.8%.

barrons.com

Regulatory Developments

A federal judge in Washington, D.C., has paused the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit against Binance for 60 days. This decision follows the formation of a new SEC task force, led by Commissioner Hester Peirce, aimed at reviewing cryptocurrency regulations.

reuters.com

In a significant appointment, President Trump has nominated Brian Quintenz as the chairman of the Commodity Futures Trading Commission (CFTC). Quintenz, a former CFTC commissioner, is known for his positive stance on cryptocurrencies and has previously been involved with Andreessen Horowitz’s crypto division.

wsj.com

Security and Scams

Authorities in Connecticut have recovered approximately $180,000 worth of Bitcoin for a resident who fell victim to a “pig butchering” crypto scam. This type of fraud involves scammers posing as successful investors to deceive individuals into transferring funds.

ctinsider.com

Additionally, reports indicate a surge in romance scams, where fraudsters exploit individuals’ emotions to defraud them, often involving cryptocurrency transactions. In 2023, victims in the U.S. lost over $1 billion to such schemes, with expectations of similar losses in 2024.

invezz.com

Notable Events

James Howells, a computer science analyst from South Wales, continues his quest to retrieve a hard drive containing a Bitcoin key worth approximately $800 million, which he accidentally discarded in 2013. Despite facing opposition from local authorities, Howells has proposed purchasing the landfill to recover his lost fortune.

nypost.com

In an international development, Russian crypto expert Alexander Vinnik has returned to Moscow following a prisoner swap between the U.S. and Russia. Vinnik, associated with the BTC-e cryptocurrency exchange, had been facing charges related to Bitcoin fraud in the U.S.

apnews.com

Industry Insights

Coinbase reported earnings that surpassed expectations, reflecting strong performance in the crypto market. Similarly, Robinhood Markets announced significant growth in crypto-related revenue, indicating increased mainstream adoption of digital assets.

barrons.com

These developments underscore the dynamic nature of the cryptocurrency landscape, highlighting both the opportunities and challenges present in the market.

Key Developments in Cryptocurrency This Week

barrons.com

Bitcoin Rises Along With GameStop. What’s Driving XRP, Cryptos Amid Trump Boost.

Today

reuters.comUS SEC case against crypto exchange Binance put on holdTodaywsj.comTrump Picks Brian Quintenz to Be CFTC Chair