Malaysia Forms Air and Ground Task Force to Shutdown 14,000 BTC Mining Rigs: Bloomberg

MoneyGram has partnered with Fireblocks to enhance its global payment systems by integrating stablecoins, aiming to improve transaction speed, reliability, and cost-effectiveness. This collaboration marks a significant step in modernizing MoneyGram's payment infrastructure.

Onchain data indicates a potential significant drop in Bitcoin's price, with bearish technical structures suggesting a decline to $68,000. This scenario mirrors trends observed in 2022, raising concerns among investors about the cryptocurrency's stability.

The CoinDesk 20 index has reported a decline, with Hedera's native token HBAR falling by 3.9%. This downturn reflects a broader negative trend in the cryptocurrency market, where most assets are experiencing losses. The index's performance indicates ongoing volatility and investor caution in the crypto space.

XRP exchange-traded funds (ETFs) have extended their record inflow streak to 13 consecutive days, approaching the $1 billion milestone, reflecting a significant surge in institutional interest in the cryptocurrency. This trend indicates a growing confidence among investors in XRP's market potential.

Solana (SOL) is currently retesting the $140 resistance level after a recent market rebound, having fluctuated between $120 and $144 since mid-November. Analysts are divided, with some predicting a short-term rally while others point to signs of weakness, particularly after a drop to $123 following a market correction.

Solmate has announced its intention to acquire RockawayX in an all-stock deal, aiming to create a $2 billion powerhouse within the Solana ecosystem. This strategic move is expected to enhance Solmate's capabilities and market position within the rapidly evolving cryptocurrency landscape.

The cryptocurrency market is currently focused on Ether, with significant trading activity noted in Ether options, particularly $6,500 strike bets dominating the open interest on Deribit. This surge in interest reflects traders positioning themselves amid ongoing market volatility.

XRP is currently demonstrating resilience as it coils tightly around a crucial support level, showing a refusal to drop further despite bearish pressures in the broader cryptocurrency market. Analysts have noted that this level has been tested and respected, indicating a potential for a reversal in price momentum.