OnyxCoin Price Crash: Can OnyxDAO’s Proposal Spark a Recovery?
OnyxDAO has introduced an improvement proposal to reimburse users who accidentally sent their $XCN tokens to an inaccessible contract address. This compensation initiative aims to rebuild investor trust and potentially trigger a price rebound. Recent spikes in trading volume and market capitalization indicate heightened activity, which could help $XCN overcome resistance levels. If bullish trends persist, OnyxCoin may see substantial gains in the weeks ahead.
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Pi Network Open Mainnet & OKX Listing: What to Expect
Pi Network's Open Mainnet launches on February 20, 2025, enabling real-world utility and third-party integrations. OKX will list Pi Coin (PI/USDT), boosting liquidity—though Binance remains unconfirmed. With 20+ million OKX users, high trading volume is anticipated. Key considerations:
- Binance listing possibility: Could amplify demand.
- OKX exclusivity: May lead to short-term sell-offs.
Fed Chair Powell Halts U.S. CBDC Development
Federal Reserve Chair Jerome Powell unequivocally opposed a U.S. central bank digital currency during a Senate hearing, aligning with President Trump’s 2025 executive order banning federal CBDC efforts. The No CBDC Act further restricts the Fed without congressional approval, cementing the policy shift.
Bitcoin Price Outlook Post-US CPI Report
Bitcoin dipped 3.72% to $94.8K following Fed rate-cut hesitations. The upcoming CPI report could sway markets:
- Higher inflation: May delay rate cuts, pressuring BTC.
- Lower inflation: Could reignite bullish momentum toward $100K.
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SEC Deadline in Coinbase Lawsuit: A Regulatory Turning Point
The SEC must respond by February 14 to Coinbase’s appeal regarding whether its listed assets qualify as securities. Judge Failla’s prior rulings questioned crypto’s fit under securities laws. New SEC leadership’s decision will signal future regulatory approaches, potentially pausing the lawsuit akin to the Binance case.
FAQ Section
Q: Will Pi Network launch on Binance?
A: Unconfirmed, but OKX’s listing is confirmed for February 20, 2025.
Q: How does the CPI report affect Bitcoin?
A: Higher CPI may delay Fed rate cuts, while lower CPI could boost BTC’s climb to $100K.
Q: What’s the latest on the SEC vs. Coinbase case?
A: The SEC’s February 14 response will clarify its stance on crypto securities classification.
Q: Is a U.S. CBDC completely off the table?
A: Under current leadership, yes—backed by executive orders and congressional legislation.