### Bitcoin’s Uneventful Weekend
It was a **quiet weekend** of dormant trading leading up to a fairly **quiet week ahead** with no groundbreaking news on deck. 

![Bitcoin Trading](https://s3.tradingview.com/news/image/tradingview:4c5d78175094b-a5eec18f08513af838b48d38b786dd9b-resized.jpeg)
*Illustration by TradingView*

- Bitcoin prices were hugging the **flatline** early Monday, trading at about **$97,000** each. The **OG token** hasn't made any interesting moves, leaving traders feeling sleepy after an uneventful weekend.
- Over the past couple of weeks, Bitcoin has not captured much interest as its prices have been moving in a long straight stretch.

### What’s Coming This Week?
- Bitcoin is down about **11%** from its all-time **record of $109,000** made in January. Traders are eager for some **market-moving news**. When is it coming?
- Most likely not this week, unless something extraordinary happens. The next five days appear to be **dry** on scheduled economic events.

### Trump and Musk Interview
- The biggest highlight of this week is the **Federal Reserve’s meeting minutes** release on Wednesday. The Fed had previously indicated that interest rates are staying the same, with **Jay Powell** striking a cautious note on future cuts.
- An interview with **Donald Trump** and **Elon Musk** is expected to air on **February 18**, likely discussing cost cuts, tariffs, and the media's portrayal of their relationship.

It was a quiet weekend of dormant trading leading up to a fairly quiet week ahead with no groundbreaking news on deck.  😑 Bitcoin’s Uneventful Weekend👀 What’s Coming This Week?🎙️ Trump and Musk Interview

Bitcoin Prices Remain Flat as Traders Anticipate Market News: What to Expect This Week

### Bitcoin Price Analysis: Short-term bulls eye breakout above $98,800 to fuel rally towards $100,000  
Bitcoin has recently surged, reaching prices between **$97,973** and **$98,323** as traders focus on critical technical levels while evaluating **macroeconomic** and **inflation** signals.  
The price has stabilized in a range of **$96,000** to **$98,000** following a **10.3%** pullback from its all-time high on **January 20, 2025**. Currently, we are in a correction phase with **key resistance** set at **$109,356** and **support** at **$89,164**.  
Maintaining above **$96,000** could indicate a **bullish reversal**, targeting **$102,000–$105,000**. Conversely, a drop below **$94,000** might lead to a retest of **$90,000**. Traders are closely monitoring this range to assess directional momentum.  
### Elon Musk’s DOGE Could Soon Refund $5,000 to All US Taxpayers; Will the Markets React?  
In other news, **Elon Musk**, the head of **DOGE**, mentioned on **X** (formerly Twitter) his intention to discuss with President **Donald Trump** a proposal that could see a **$5,000 refund check** issued to U.S. taxpayers, funded by savings from his **Department of Government Efficiency (DOGE)**.  
This initiative, known as the **‘DOGE Dividend,’** was initially proposed by **James Fishback**, CEO of **Azoria Investment Firm**, and aims to redistribute **20%** of DOGE’s projected savings by **2026** to taxpaying households.

Bitcoin Price Analysis: Short-term bulls eye breakout above $98,800 to fuel rally towards $100,000

Bitcoin Surge: Will It Break $100,000 Soon?

### Major Milestone for Bitcoin Finance

The recent **listing of Fold Holdings Inc.** on the Nasdaq marks a **significant achievement** for Thesis*, a venture studio at the forefront of **Bitcoin-native financial innovation**. This groundbreaking event aims to enhance access to **crypto products** for everyday consumers.

### Fold's Public Debut

Fold, one of Thesis*'s most successful incubated companies, is now the **first Bitcoin financial services company** to be publicly traded on the Nasdaq Stock Market. It operates under the ticker symbols **FLD** for common stock and **FLDDW** for warrants. This move not only highlights Fold's success but also underscores the growing acceptance and integration of **Bitcoin** into mainstream finance.

The listing marks a major milestone for Thesis* as it continues to pioneer Bitcoin-native financial innovation, aimed at providing access to crypto products to average consumers

Thesis* Revolutionizes Bitcoin Finance: Fold Becomes First Public Company on Nasdaq!

### Pi Network: A Controversial Blockchain Project
Pi Network’s **lack of transparency**, an **obscure core team**, and a **fervent community** have made it a highly controversial blockchain project.

After six years in the making, Pi Network **announced the launch of its open mainnet** on Thursday, allowing users to trade Pi tokens externally. However, it has faced persistent criticism and has yet to gain recognition for its blockchain technology.

### Background of Pi Network
Launched in March 2019 by **Nicolas Kokkalis**, **Chengdiao Fan**, and **Vince McPhillip**, who later quit due to internal disagreements, Pi Network claims **60 million users** with **10.14 million mainnet migrations** and **19 million completing KYC** identity verification. On social media, Pi Network has **111,000 followers on Reddit**, **2.9 million on Telegram**, **3.5 million on Twitter**, and **1.65 million on YouTube**.

Unlike traditional mining, where users validate transactions, Pi users simply log in daily, tap a button, and collect tokens. Pi Network’s whitepaper claims to redefine mining beyond proof-of-work models, stating, "We define ‘mining’ more broadly than its traditional meaning equated to executing a proof-of-work consensus algorithm as in Bitcoin or Ethereum."

However, some experts argue that cryptocurrency mining is already well-defined, and Pi Network’s redefinition serves its own agenda. **CCN** describes Pi Network as a decentralized blockchain platform that allows mining via smartphones. Unlike Bitcoin or proof-of-stake systems, Pi Network relies on users forming **trust-based groups** to validate transactions.

### Concerns About Trust and Control
Experts warn about the implications of a trust-based system. "What happens if the foundation of this trust is flawed?" **CCN** cautions about the risks of bad actors infiltrating the network.

Despite Pi Network's decentralization claims, experts note that all active mainnet nodes remain under its **core team’s control**. The absence of **smart contracts** even after six years further raises doubts about its legitimacy.

### Inconsistencies and Privacy Issues
Pi Network claims **60 million users**, yet **ExplorePi** reports only **9.11 million wallets**, or just **15%** of the claimed user base. Furthermore, only **20,000 wallets** show daily activity, raising concerns about actual engagement. 

The **mandatory KYC process** has sparked privacy concerns, requiring users to submit video selfies and government-issued IDs, increasing the risks of misuse and identity theft. Critics argue that the development team lacks transparency and demands excessive app permissions.

### Engagement and Community Dynamics
Pi Network’s daily login model follows principles of habitual conditioning, creating a psychological trap for users who hesitate to quit after months of effort. The **referral-based system** fuels engagement, which some critics liken to a **Ponzi scheme**. 

### Unrealistic Price Expectations
Many supporters believe Pi tokens will be highly valuable, advocating for a **“consensus price”** of **$500–1,000** per Pi. However, critics dismiss these estimates as **unrealistic**. 

The Pi Core Team set a total supply of **100 billion tokens**, with around **6 billion** expected to enter circulation post-mainnet launch. If valued as optimistically as its community suggests, Pi Network’s market capitalization would be astronomical, lacking real-world data to support it.

**CryptoTimes** attributes Pi’s rise to psychological tactics but emphasizes that a project’s growth ultimately depends on its actual value. As of now, the hyperbole around Pi Coin and Pi Network is just noise with no real value.

![User interface of Pi Network app on a smartphone. Photo by VnExpress/Bao Lam](https://vcdn1-english.vnecdn.net/2025/02/21/20250131-225809-1739769150-154-8828-6274-1740112294.jpg?w=680&q=100&dpr=2&fit=crop&s=sznQQE7I0fOK51uhJLjLsA)

Pi Network’s lack of transparency, an obscure core team, and a fervent community have made it a highly controversial blockchain project. - VnExpress International

The Controversial Rise of Pi Network: What You Need to Know

## The Recent Bitcoin Crash: A Wake-Up Call for Investors

The recent **Bitcoin price drop** has left many investors worried. In such a volatile market, effectively managing risks and protecting investment returns has become a primary concern for cryptocurrency investors. Fortunately, **ICOminer** offers an innovative solution to help investors profit steadily even during the Bitcoin crash.

![ICOminer](https://blockchainwire.s3.amazonaws.com/314569e6a5d43b921d60272d18106216/editor_image/ico.jpg)

## ICOminer: Redefining the Future of Cloud Mining

ICOminer introduces **AI-powered smart mining technology**, optimizing the distribution of computing resources to significantly increase mining efficiency while reducing energy consumption. This not only brings higher returns for users but also supports greener, more sustainable mining practices. Regardless of market fluctuations, ICOminer provides a **transparent, secure, and stable** mining environment.

### Why Choose ICOminer to Respond to Bitcoin’s Crash?

1. **No Fees, Transparent Returns**  
   ICOminer platform charges **no hidden fees** for its mining plans, allowing users to clearly see their **daily returns**. Even during the Bitcoin crash, ICOminer can deliver consistent returns, keeping your investments growing steadily.

2. **Free Cloud Mining Experience, Start with Zero Risk**  
   ICOminer offers **$50 free mining rewards** to new users, allowing you to experience Bitcoin and Dogecoin cloud mining without any initial investment. This risk-free mining experience lets you explore cryptocurrency mining without any upfront costs.

3. **Flexible Investment Plans to Suit Different Needs**  
   ICOminer provides a variety of **cloud mining contracts**, giving investors the flexibility to choose plans that fit their investment size and risk tolerance.

| Contract Price | Contract Term | Daily Return | Total Return | Daily Return Rate |
|----------------|---------------|--------------|--------------|-------------------|
| $50.00         | 1 day         | $1.00        | $51.00       | 2.00%             |
| $200.00       | 1 day         | $6.00        | $206.00      | 3.00%             |
| $600.00       | 3 days        | $10.20       | $630.60      | 1.70%             |
| $1,200.00     | 5 days        | $22.80       | $1,314.00    | 1.90%             |
| $3,800.00     | 7 days        | $83.60       | $4,385.20    | 2.20%             |
| $8,800.00     | 10 days       | $220.00      | $11,000.00   | 2.50%             |

4. **24/7 Customer Support, Fast Response**  
   ICOminer provides **24/7 customer support**. If you encounter any issues, the platform’s professional team is always available to assist you.

5. **Security Assurance, Peace of Mind for Your Funds**  
   ICOminer uses **advanced encryption technology** and third-party escrow mechanisms to ensure that each user's funds are secure, guaranteeing that your investment remains protected.

### How to Get Started with ICOminer Cloud Mining?

1. **Register for an ICOminer Account**  
   Visit ICOminer’s official website and create an account. Upon registration, receive a **$50 free mining reward**.

2. **Choose the Right Investment Plan**  
   Select the mining contract that suits your investment needs and risk preference.

3. **Enjoy Stable Passive Income**  
   Once you activate your chosen contract, the platform will automatically settle your mining profits daily, allowing you to earn a stable passive income with minimal effort.

## Start Mining with ICOminer Now and Earn Stable Crypto Returns

In response to the Bitcoin crash, ICOminer offers a **no-risk, no-fee mining platform** that allows investors to profit steadily without being affected by market volatility. Visit the [ICOminer website](https://208.87.240.59/Tracker?data=wPhIy6KuOfJ42L99s__PED7OcnP9y-Yu60q402DvFPXWXVq3CMlFlf4Xo0jLssqZcSMGbhi3n4lRJngyCLsShmO2ek_pcpfUHXNoClK68kA=) to register and claim your **$50 free mining reward**.

## About ICOminer

ICOminer is a leading cloud mining platform that uses **AI-driven technology** and a **globally distributed architecture** to provide users with efficient, secure, and transparent mining services. The platform supports multiple major cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), and Tether (USDT), and is dedicated to providing users with stable, long-term passive income.

**Disclaimer**: The information provided is not a solicitation for investment. Cryptocurrency mining involves risk and the potential for loss of funds. It is recommended to consult with a professional financial advisor before investing in cryptocurrency.

  Leeds, England, Feb.  20, 2025  (GLOBE NEWSWIRE) -- The recent Bitcoin price drop has left many investors worried. In such a volatile market, effectively...

Investing in Bitcoin's Downturn: Discover How ICOminer Can Help You Profit Without Fees!

U.Today presents the top three news stories over the past day.

## Ripple CTO Explains Main Difference Between XRP and Bitcoin
Ripple CTO **David Schwartz** recently engaged in an X exchange regarding **XRP** with members of the crypto community. In one of his replies, Schwartz pointed out the main difference between **XRP and Bitcoin's supply dynamics**, stating that, measured in common units, "there is a lot more bitcoin than XRP." The CTO then wrote that the "only reason you get a smaller number of BTC is because BTC is a larger unit of value than XRP." In his opinion, comparing the two assets based only on supply might be misleading; **XRP** has a maximum supply of **100 billion**, while **Bitcoin's** pegged supply stands at **21 million coins**. Additionally, according to **CoinMarketCap**, Bitcoin's total supply is **19.82 million BTC**, as that of XRP stands at **99.87 billion XRP**. Now, BTC is trading at **$97,946**, and XRP at **$2.73**. At current prices, the supply of Bitcoin remains higher than XRP in dollar terms. Schwartz added: "Measuring in dollars, the supply of Bitcoin is greater than XRP. There is no meaningful sense in which Bitcoin is scarcer than XRP."

## Shiba Inu (SHIB): Reset Point Reached
**Shiba Inu** has reached a potential support level that could become a foundation for a price reversal after a prolonged decline. The formation of a **double bottom pattern** near the **$0.00001485** mark suggests that the meme token may be stabilizing, although overall market conditions remain a concern. Recently, a **death cross** appeared on SHIB's chart, indicating bearish momentum, which has historically led to further price drops but can also precede reversals. For a bullish reversal to be confirmed, SHIB needs to break above key resistance levels, starting with the **50-day moving average** around **$0.00001700**. However, the lack of strong buying interest raises doubts about its ability to recover, and if selling pressure persists, SHIB could drop to **$0.00001300** or lower.

## Brazil Approves First XRP ETF: Details
**Brazil** is on the verge of launching the world's first **XRP-based ETF**. According to the **Comissão de Valores Mobiliários (CVM)**, **Hashdex**, a well-known asset management firm, has received approval to launch the world's first **XRP spot ETF** in Brazil. However, the exact date of the product's listing on the Brazilian Stock Exchange (**B3**) remains unknown. With over **200 million people**, Brazil offers a massive market for crypto investment products; the introduction of an **XRP ETF** will give both institutional and retail investors a great opportunity to invest in the asset without having to deal with the technicalities of private wallets and direct ownership. While other countries like the U.S. are still figuring out their approach to a **XRP ETF**, Brazil is taking a major step forward, with the prestige of the world's first **XRP ETF** coming to the country.

Get the latest news in the crypto industry with U.Today's daily news digest!

Unveiling the Crypto Landscape: XRP vs Bitcoin, Shiba Inu's Reset, and Brazil's Pioneering XRP ETF

## New Lending Product for Onramp Clients

Onramp, a bitcoin-focused financial services firm, has announced a **new partnership with Arch** to offer USD loans secured by **bitcoin collateral**. This innovative product aims to provide clients with a **seamless line of credit** that includes **white-glove service**, **segregated addresses**, and **non-rehypothecated collateral**.

### Insights from Onramp's CEO
Michael Tanguma, the CEO of Onramp, expressed excitement about the collaboration: 
> "As we expand our suite of bitcoin financial services, we're thrilled to partner with Arch, a team that shares our vision for how bitcoin custody and lending should evolve. This product gives our clients the flexibility to tap into the value of their bitcoin holdings while maintaining high standards of security and service."

### Arch's Commitment to Security
Dhruv Patel, CEO of Arch, emphasized the institutional-grade capabilities offered through this partnership:
> "By partnering with Onramp, we're bringing institutional-grade capabilities - like segregated collateral and rigorous address authentication - to a broader segment of bitcoin holders."

### Key Features & Benefits
- **White-Glove Service:** Arch provides dedicated customer service with 24/7 support.
- **Segregated & Non-Rehypothecated Collateral:** Clients' bitcoin is held in separately verified addresses for maximum transparency and security.
- **Security & Compliance:** Collateral is stored with a leading custodian, Anchorage, ensuring robustness and compliance across US states and international jurisdictions.
- **Flexible Loan Terms:** Access up to **50% Loan-to-Value (LTV)** with two-year fixed terms and no early repayment penalties.
- **Transparent Liquidation Process:** Capped at **50% LTV**, with margin calls at **60% LTV** and automated liquidations at **70% LTV**.
- **Future-Ready Collaboration:** Plans to migrate the offering to Onramp's multi-institution custody standard as it evolves.

Arch sources capital for these loans from a traditional finance CLO facility, ensuring reliable liquidity. Clients can receive loan proceeds in **USD or select stablecoins**, with an option to roll over the loan at the end of each term.

### About Onramp
Onramp provides top-tier financial products and solutions for high-net-worth individuals and institutions looking to invest in bitcoin while minimizing counterparty risk.

### About Arch
Arch is dedicated to delivering secure, reliable, and transparent liquidity solutions in the digital asset lending space. Their policies ensure clients benefit from a white-glove experience and industry-leading security.

New Lending Product Enables White-Glove, Secure Access to Liquidity for Onramp Clients

Unlocking Bitcoin's Potential: Onramp's New USD Loans with Arch Partnership

### Metaplanet Hits a Major Milestone

Metaplanet has now accumulated **2,100 BTC**, representing **0.01%** of the total Bitcoin supply of **21 million BTC**. Recently, the Tokyo-listed firm purchased **68.59 BTC** for **$6.6 million** at an average price of **$96,335** per Bitcoin.

### Stock Performance

Following this acquisition, shares of Metaplanet have seen a **1% increase** in the market, trading at **6,260 JPY**.

### Funding and Future Plans

According to **Dylan Le Clair**, Metaplanet raised **$20 million** in equity capital during the first two trading days of its **"21 million plan"**. Furthermore, it was announced on **February 18** that the company will execute a **10-1 stock split** on **April 1**, just eight months after a **1-for-10 reverse split**.

![Metaplanet](https://cdn.sanity.io/images/s3y3vcno/production/afb72db5244609c27e04ac1bb3950f260319c35e-3840x2160.png?auto=format)

### Key Takeaways
- **Total BTC Holdings:** 2,100 BTC (0.01% of total supply)
- **Recent Purchase:** 68.59 BTC at $96,335 each
- **Market Reaction:** Shares up 1%, trading at 6,260 JPY
- **Equity Raised:** $20 million in first two days of trading
- **Upcoming Stock Split:** 10-1 split on April 1

Metaplanet continues to expand its Bitcoin holdings and solidify its position in the market.

Metaplanet reaches a milestone of 0.01% of the total bitcoin supply. 

Bitcoin Prices Remain Flat as Traders Anticipate Market News: What to Expect This Week

Summary:

Bitcoin’s Uneventful Weekend

What’s Coming This Week?

Trump and Musk Interview

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Unveiling the Crypto Landscape: XRP vs Bitcoin, Shiba Inu's Reset, and Brazil's Pioneering XRP ETF

Unlocking Bitcoin's Potential: Onramp's New USD Loans with Arch Partnership

Metaplanet's Bitcoin Holdings Surge: Discover How They Acquired 68 More BTC!