Daily News: February 7, 2025 - SEC Crackdown, BlackRock’s Bold Move & Solana’s Surge—Crypto’s Wild Week Unfolds!

SEC Forms New Crypto Task Force

SEC Commissioner Hester Pierce announces the formation of a dedicated cryptocurrency task force aimed at providing clearer regulatory guidelines. The market's response is mixed, with some fearing tighter regulation while others hope for a more stable trading environment.

BlackRock to Launch BTC ETP in Europe

Financial giant BlackRock plans to introduce a Bitcoin-based Exchange Traded Product (ETP) in Europe, further encouraging institutional investment in the crypto market.

XRP Plummets 7%

Despite recent strong performance, XRP experienced a 7% drop within 24 hours due to a network outage, sparking panic among investors.

Trump Tariffs Impact Crypto Market

President Trump's announced tariffs have led to a market downturn, significantly affecting high-risk assets like Bitcoin. Experts predict this could be a good time for long-term investment.

Coinbase Resolves SOL and ADA Transaction Issues

Coinbase faced user complaints over SOL and ADA network transfer issues but quickly resolved them, returning transactions to normal.

Solana Overtakes Ethereum as Second Largest DeFi Platform

Solana's Total Value Locked (TVL) has surpassed Ethereum's, making it the world's second-largest decentralized finance platform, sparking heated discussions within the community.

Crypto Scammers Exploit Fake Pop-ups to Steal Wallets

Reports indicate cybercriminals are using fake pop-ups to attempt stealing seed phrases from Phantom Wallet users, urging caution among users.

Number of Crypto Exchanges in South Korea Decreases

Due to unclear regulations, the number of cryptocurrency exchanges in South Korea has decreased by 26% from last year, potentially affecting the entire Asian market.

Investment Experts Forecast Bitcoin's Future

Standard Chartered predicts that during Trump's term, Bitcoin could exceed half a million dollars, drawing significant investor attention.