This week’s crypto market developments
2 min readFeb 14, 2025
- Real Vision CEO Raoul Pal is confident that DOGE is superior to BTC and can become “the hardest money ever created.” The expert explained that Dogecoin’s chart was super-bullish, adding that among digital assets, it is the “greatest chart of all time.” Pal also noted that DOGE outperformed Bitcoin by the speed of its market cap growth — 500% since it was created — and shared that he expected the meme coin to continue growing.
- Ether lags behind Bitcoin and other leading crypto coins, having traded between $2,500 and $4,000 for quite a while. According to the Kobeissi Letter, short positioning in ETH has grown by 40% lately and six-fold since November 2024. “Never in history have <…> hedge funds been so short of Ethereum, and it’s not even close,” the analysts wrote.
- Binance and SEC have agreed to put the lawsuit on hold for 60 days, following the creation of a crypto task force. According to the joint motion they filed, “the work of this task force may impact and facilitate the potential resolution of this case.” “We are grateful to interim Chairman Uyeda for his thoughtful approach to ensuring digital assets receive the appropriate legislative and regulatory focus in this new, golden era of blockchain in the US and around the world,” a spokesperson for Binance said.
