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.¹
- *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.²
- *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.

The potential rise of XRP ETFs could significantly impact the market by increasing institutional interest. Keep an eye on regulatory developments as they will play a crucial role in shaping the future of these financial products.