OnyxCoin Faces a Price Dip – Can OnyxDAO’s Proposal Trigger a Comeback?
OnyxCoin ($XCN) has experienced a significant price drop, leaving investors searching for answers. In response, OnyxDAO has introduced an Onyx Improvement Proposal (OIP) aimed at reimbursing users who mistakenly sent their $XCN tokens to an inaccessible contract address. This initiative seeks to restore investor trust and potentially drive a market rebound. With trading volume and market cap showing signs of growth, a bullish push could help OnyxCoin break key resistance levels and regain momentum in the coming weeks.
Pi Network’s Open Mainnet & OKX Listing: What’s Next?
Pi Network is gearing up for a highly anticipated Open Mainnet launch on February 20, 2025, at 8 AM UTC, unlocking new real-world applications and integrations. In a major boost for liquidity and accessibility, OKX has confirmed the listing of Pi Coin (PI/USDT). While Binance has yet to officially confirm a listing, growing speculation suggests a potential announcement soon. If Binance joins the fray, Pi Coin could see a surge in demand. However, if OKX remains the exclusive exchange, increased selling pressure could impact its initial market movement. With over 20 million users globally, Pi Coin’s trading debut on OKX is expected to generate significant market activity.
U.S. Federal Reserve Rejects Digital Dollar Plans
Federal Reserve Chair Jerome Powell has ruled out the possibility of a U.S. central bank digital currency (CBDC) under his leadership. During a Senate Banking Committee hearing on February 11, 2025, Powell confirmed that he would actively block any attempts to introduce a digital dollar. This aligns with recent policy shifts, including President Trump’s January 2025 executive order prohibiting federal agencies from advancing a CBDC initiative. Additionally, the No CBDC Act further restricts the Federal Reserve from launching a digital currency without Congressional approval. With these regulatory barriers in place, the U.S. remains distant from adopting a government-backed digital asset.
Bitcoin Price Dips – Can BTC Still Hit $100K?
Bitcoin saw a 3.72% drop on Tuesday, slipping from $98.4K to $94.8K, following Jerome Powell’s anti-CBDC stance and ongoing speculation about the Federal Reserve’s interest rate policy. The upcoming U.S. Consumer Price Index (CPI) report will be a key driver for BTC’s short-term movement. If inflation comes in higher than expected, the Fed may reconsider rate cuts, potentially impacting risk assets like Bitcoin. Analysts suggest three potential scenarios:
- Higher-than-expected inflation – Could trigger a market correction.
- In-line CPI results – Might keep BTC stable with moderate fluctuations.
- Lower-than-expected CPI – Could fuel optimism and push BTC towards the $100K milestone.
With Bitcoin’s halving event also approaching, investors are closely watching market dynamics to determine the next major price move.
SEC vs. Coinbase: Critical Ruling Approaching
The U.S. Securities and Exchange Commission (SEC) faces a crucial deadline on February 14 to respond to Coinbase’s legal appeal regarding whether digital assets on its platform qualify as securities. This follows recent developments in the Binance lawsuit, which led to legal uncertainties. Notably, Judge Failla previously granted an interlocutory appeal, raising questions about how securities laws apply to crypto exchanges. With the SEC now under new Chair Mark Uyeda, the decision could set a precedent for future crypto regulations in the U.S.
Final Thoughts
From OnyxCoin’s recovery efforts to Pi Network’s groundbreaking launch, the crypto landscape remains dynamic. Bitcoin’s price action and SEC regulatory decisions will continue to shape the market’s future. As investors navigate these developments, staying informed on key trends and upcoming milestones is essential for making smart investment choices.
Also Check:
- Blum Airdrop Updates: Is It the Next Big Crypto or Just Hype?
- Avalon Labs: Transforming the Financial Landscape
- Onyx Crypto Price Crash: What’s Behind It & Will It Recover?
- WazirX: 85% of Lost Assets on Track for Recovery
- Pi Coin Listing on OKX: Will Binance Be Next?
- Fed Chair Jerome Powell Says No to a U.S. CBDC—What’s Next?
- Nodepay Snapshot Incoming: Secure Your $NC Tokens Before It’s Too Late!
- Yescoin Listing Date and TGE In March: Reality or Rumor?
- TapSwap Listing Date Postponed: Big Change or Major Setback?