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Day: February 17, 2025

Mysterious User Burns ETH Worth Millions and Writes a Concerning Message

cryptocurrency February 17, 2025

A user calling himself Hu Lezhi burned Ethereum tokens worth $1.65 million and donated a further $5.35 million, posting bizarre screeds about mind control chips. He included multiple suicidal statements. Advertisements This sad tale struck a nerve with the crypto community, with figures like Tron founder Justin Sun attempting to support him. However, it also […]

Fed’s Hawkish Rhetoric and CPI Data Drive First Crypto Outflows of 2025

cryptocurrency February 17, 2025

Crypto outflows totaled $415 million last week, marking a sharp reversal from a streak of net positive flows since the beginning of the year. Advertisements This downturn is largely attributed to Federal Reserve Chair Jerome Powell’s recent hawkish remarks and higher-than-expected US inflation data. Bitcoin Succumbs As Crypto Outflows Hit $415 Million The latest CoinShares […]

Ethereum Price Faces Renewed Pressure—Is a Breakdown Imminent?

cryptocurrency February 17, 2025

Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Advertisements Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with […]

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