Crypto News Update - February 3, 2025
*Market Updates*
1. *Market Crash*: Bitcoin, Ethereum, and Ripple prices have crashed hard, with Bitcoin down 4.3%, Ethereum down 13%, and Ripple down 12.6%.➡️

Isa Abatcha | Investor and finance expert | Sharing insights on stocks, crypto, and personal finance

Regulations and Adoption*
1. *XRP ETF*: The New York Stock Exchange (NYSE) Arca has filed for the conversion of Grayscale's XRP Trust into a spot ETF, potentially leading to a 27% rally in XRP.➡️

2. *US Bitcoin ETFs*: US spot Bitcoin exchange-traded funds had nearly $5 billion worth of inflows over January, which could put them on track to see over $50 billion in inflows this year.➡️

Other News*
1. *Cronos Integrates LayerZero*: Cronos, the decentralized blockchain developed by (link unavailable), has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks.➡️

2. *Tether's $13 Billion Profit*: Tether reported net profits of $13 billion during 2024 generated by its businesses, which include the largest stablecoin USDT.➡️

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2. *Dogecoin and Shiba Inu Down*: Dogecoin and Shiba Inu prices continue to edge down, with over $90 million liquidated in the last 24 hours.➡️

Tough day for the crypto market! Hope those with stop-losses set up are managing okay. It's important to stay cool during these dips and maybe look for buying opportunities.

That's a significant dip! Hopefully, those with stop-losses set are protected. It's a reminder to stay alert and manage risks effectively.