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Grass token price rose for three consecutive days, reaching its highest level since Feb. 23 as network data activity increased. Grass (GRASS) surged to a high of $2.10, up 122% from its lowest point this year, giving it a market cap of over $500 million. The ongoing rally is driven by the amount of data scraped daily. After surpassing 1 million gigabytes on Feb. 15, the figure rose to a new high of 1.32 million gigabytes on Wednesday. This data has been on a strong upward trajectory, considering it started the year at 2,600 gigabytes. Grass has continued expanding its network by scraping over 109.7 million IP addresses and indexing 4.47 billion URLs since its inception. Grass data scrapped | Source: Grass You might also like: Bitcoin price down 12% this week as fear index plummets to 2022 levels The network has made significant efforts to achieve these metrics. It launched the Grass Sion upgrade earlier this month, enhancing its ability to scrape and process multimodal web data. The upgrade also improved its scraping algorithms, introduced horizontal computing scaling, and increased its scaling capacity to 1 petabyte per day. Grass Sion Upgrade– Network upgrade that significantly enhances @getgrass_io network's capability to scrape and process multimodal web data (text, images, and 4K video) at scale.– Improved scraping algorithms without additional compute, leading to a major increase in data… pic.twitter.com/yE6ZFU5VMB — R🐮 (@Ren_gmi) February 6, 2025 Grass plans to have a bigger year than in 2024, when its user base grew from 0.2 million to 3 million. In addition to the Sion upgrade, the developers aim to launch a standalone web app and deprecate the Chrome extension. Grass price forecast Grass price chart | Source: crypto.news The daily chart shows that the GRASS token price bottomed at $0.9130 in January before rebounding to the current level of $2. It has moved slightly above the 25-day moving average, a positive sign. Most importantly, Grass price has formed a megaphone pattern, characterized by two ascending and diverging trendlines. This pattern often signals a strong bullish breakout, which, in this case, would be confirmed if the price rises above the upper resistance level at $2.30. Such a breakout could signal further gains, potentially pushing the price toward its all-time high of $3.9170, representing a 96% increase from the current level. However, a drop below the lower support level of $1.60 would invalidate the bullish outlook. You might also like: LUNC price could surge 300% as burn rate soars, but there’s a catch

Quick scalp on $SOL but other than that we're remaining patient. No point getting chopped around trying to catch falling knives. Protect your capital. @LuckyXBT__ 's update earlier today:

Brazil Approves First $XRP ETF: A Historic Milestone for Crypto Investment Brazil has made history by becoming the first country to approve an XRP exchange-traded fund (ETF), marking a significant step forward for the cryptocurrency industry. This groundbreaking move puts Brazil ahead of the United States and other major financial markets in offering regulated investment vehicles for XRP, the digital asset associated with Ripple. The approval highlights Brazil’s progressive stance on crypto regulation and signals growing institutional interest in $XRP as a mainstream financial asset. Brazil’s Growing Crypto Market Over the past few years, Brazil has emerged as a leader in cryptocurrency adoption in Latin America. With increasing investor interest and a supportive regulatory framework, the country has positioned itself as a hub for digital asset innovation. The approval of the XRP ETF is yet another example of Brazil’s proactive approach to integrating crypto into traditional finance. The Brazilian Securities and Exchange Commission (CVM) approved the ETF, which will allow institutional and retail investors to gain exposure to XRP without having to directly purchase or store the digital asset. By providing a secure and regulated means of investing in XRP, the ETF is expected to attract a new wave of investors who may have been hesitant to engage with the cryptocurrency market due to concerns about security and volatility. Why XRP? XRP has long been one of the most widely traded cryptocurrencies, known for its fast transaction speeds and low costs. Unlike Bitcoin and Ethereum, which rely on energy-intensive proof-of-work mechanisms, XRP uses a consensus algorithm that makes transactions faster and more efficient. These features have made XRP a preferred choice for cross-border payments and remittances. Ripple, the company behind XRP, has also played a key role in fostering institutional adoption. Despite legal challenges in the U.S., Ripple continues to expand its global partnerships with banks and financial institutions that use XRP for payment settlement. The approval of an XRP ETF in Brazil reinforces the asset’s legitimacy and could further accelerate its adoption in mainstream finance. How Brazil Outpaced the U.S. While Brazil has approved the first XRP ETF, the U.S. has been slower in launching similar investment products. The Securities and Exchange Commission (SEC) has taken a cautious approach to cryptocurrency regulation, particularly with assets like XRP that have been the subject of legal scrutiny. The SEC’s lawsuit against Ripple, which alleged that XRP was an unregistered security, has created uncertainty around XRP’s regulatory status in the U.S. Although Ripple secured a partial legal victory in 2023, the ongoing case has delayed the approval of an XRP ETF in the U.S. In contrast, Brazil’s regulators have taken a more open-minded stance, allowing innovation to flourish while still implementing investor protections. Implications for the Global Crypto Market The approval of the XRP ETF in Brazil could have significant ripple effects (pun intended) on the global cryptocurrency market. As institutional investors gain easier access to XRP, demand for the digital asset could rise, potentially driving up its price. Additionally, other countries may follow Brazil’s lead and approve similar ETFs, paving the way for wider adoption of XRP and other digital assets. For investors, the ETF provides a safer and more convenient way to invest in XRP without dealing with the complexities of cryptocurrency exchanges and self-custody. This could attract traditional investors who were previously hesitant to enter the crypto market Brazil’s approval of the first XRP ETF is a landmark moment for the cryptocurrency industry. By embracing innovation and providing regulated investment opportunities, Brazil has set a precedent that other nations may soon follow. As XRP gains legitimacy through institutional investment, its role in the global financial system could continue to expand. Whether the U.S. will catch up and approve its own XRP ETF remains to be seen, but for now, Brazil has taken the lead in integrating digital assets into traditional finance.

#PEPEUSDT has formed an ending diagonal with a clear 5-wave structure and bullish divergence, increasing the probability of an upcoming bullish move. But here's the catch—it all depends on key levels and volume confirmation. If PEPEUSDT breaks out and closes a candle above resistance with strong volume, it will signal strength and increase the likelihood of a continued bullish push. If price consolidates with weak volume, it’s better to stay on the sidelines—especially with the broader crypto market looking bearish for now. No need to force trades.

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸The SEC declares meme coins are not considered securities. 🔹United States Secretary of the Treasury adds Galaxy Digital's Tyler Williams as a digital asset advisor. 🔸The SEC dismissed its lawsuit against Coinbase with prejudice, ending the case permanently. 🔹Sam Altman announces GPT-4.5, calling it the first AI that feels like talking to a real person, but warns of GPU shortages delaying its full rollout. 🔸The SEC has dropped its case against Consensys. 🔹Michael Saylor met with the House Financial Services Committee to discuss how to make the “U.S. the global leader in #Bitcoin and crypto.” 🔸Texas Business and Commerce Committee passes #Bitcoin strategic reserve bill, now heads to the Senate floor. 🔹House Democrats reportedly set to introduce the MEME Act, a bill that would ban public officials from issuing or endorsing memecoins like $TRUMP. 🔸Ripple partners with South Korean custodian BDACS to offer institutional-grade custody for $XRP and $RLUSD. 🔹Trump says tariffs set for March 4 will go into effect as scheduled, with China facing an additional 10% tariff.