Latest crypto news updates for February 7th, 2025:

- *Bitcoin Price Update*: Bitcoin's price hovers around $97,000, after losing nearly 5% in the last three days. The CryptoQuant weekly report shows that activity on the Bitcoin network has declined to its lowest level in a year.

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- *XRP ETF Gains Traction*: The Chicago Board Options Exchange (Cboe) has filed a 19b-4 with the SEC to list and trade XRP exchange-traded funds (ETFs) for asset managers Canary Capital, Bitwise, 21Shares, and WisdomTree.

*Papua New Guinea's CBDC Trial*: The Bank of Papua New Guinea has successfully completed a proof of concept (PoC) for its proposed central bank digital currency (CBDC), named the Digital Kina, in partnership with Japan's Soramitsu.³

- *INXY Raises $3 Million in Funding*: INXY has raised $3 million in funding to make crypto payments accessible and compliant for businesses, while expanding its offerings globally and driving innovation in the crypto market.⁴

- *ONDO Breaks $1.37 Barrier*: ONDO's price has conquered the $1.37 weekly close mark, reaching $1.45, and hinting at a decisive upward price action in the coming week. This surge is attributed to the successful launch of 'Ondo Chain' and the backing of leading Wall Street brands