Monday’s Web3 Roundup: Bitcoin Signals, Binance Listing Flaws & BNB Chain Milestone!
1. Coinbase & Gemini CEOs applaud CFPB chief’s latest move
2. Bitcoin’s $70K signal turns bearish amid Trump’s rhetoric
3. CZ admits Binance’s listing process needs reform
4. BNB Chain hits 500M active addresses amid TST & MEV buzz
Keep reading for more insights! 🌞
The Web3 world is buzzing with major developments! From Binance’s token listing controversy to Bitcoin’s shifting indicators and BNB Chain hitting a massive milestone, there’s plenty to unpack. Coinbase and Gemini CEOs are celebrating regulatory shifts, while concerns over market trends and token processes continue to stir discussions. Whether you're tracking crypto movements or the latest blockchain breakthroughs, these updates are shaping the future of digital finance. Let’s dive into today’s biggest Web3 stories!
1. Coinbase & Gemini CEOs applaud CFPB chief’s latest move
The Consumer Financial Protection Bureau (CFPB) faces uncertainty as acting head Russell Vought halts enforcement and supervision while refusing future funding from the Federal Reserve. Crypto leaders, including Elon Musk, Brian Armstrong, and Tyler Winklevoss, welcomed the move, calling the agency ineffective. The Supreme Court upheld CFPB’s funding mechanism in May 2024, but internal decisions may still weaken it. Meanwhile, Coinbase faces over 7,600 CFPB complaints—far more than competitors Gemini and Kraken. With regulatory battles intensifying, the agency’s future remains unclear. Will this shake-up benefit consumers or create chaos?
2. Bitcoin’s $70K signal turns bearish amid Trump’s rhetoric
Bitcoin’s MACD indicator has turned bearish, but price action remains steady between $95K and $100K. While this shift may worry traders, it lacks confirmation from price movements. Meanwhile, Trump’s tariff rhetoric is raising concerns, with planned 25% steel and aluminum tariffs potentially driving inflation higher. Consumer inflation expectations have already jumped to 4.3%, which could delay Fed rate cuts. If BTC drops below $90K, the bearish MACD signal could be validated, increasing downside risks. Traders should watch for key macroeconomic events, including the U.S. CPI report on Feb. 12, for further market direction.
Omkar Godbole
3. CZ admits Binance’s listing process needs reform
Bitcoin’s MACD indicator has turned bearish, but price action remains steady between $95K and $100K. While this shift may worry traders, it lacks confirmation from price movements. Meanwhile, Trump’s tariff rhetoric is raising concerns, with planned 25% steel and aluminum tariffs potentially driving inflation higher. Consumer inflation expectations have already jumped to 4.3%, which could delay Fed rate cuts. If BTC drops below $90K, the bearish MACD signal could be validated, increasing downside risks. Traders should watch for key macroeconomic events, including the U.S. CPI report on Feb. 12, for further market direction.
Zoltan Vardai
4. BNB Chain hits 500M active addresses amid TST & MEV buzz
Binance Smart Chain has surpassed 500 million active addresses, driven by the hype around its TST meme coin. Originally created as a test token, TST surged 1,100% before crashing. However, with increased activity comes a growing concern—MEV (Maximal Extractable Value) attacks. These exploits, including front-running and sandwich attacks, have already cost users $1.5 billion in 2024 alone. Binance co-founder CZ recently addressed this issue, asking the community if BNB Chain should reduce MEV risks. As adoption soars, Binance faces a critical challenge: balancing innovation with security.
Darya Nassedkina
As Web3 continues to evolve, each day brings new challenges and opportunities. From regulatory shifts to market trends, staying informed is key to navigating this dynamic landscape. Whether it's Binance addressing token listing concerns, Bitcoin’s market signals, or BNB Chain’s massive growth, these developments shape the future of crypto and blockchain. The Web3 revolution is unfolding—don’t miss out on what’s next!
