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Why Europe’s Far Right Parties Suddenly Love Crypto

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Why Europe’s Far Right Parties Suddenly Love Crypto

Since US President Donald Trump positioned crypto as a central pillar of his campaign, political leaders across Europe have begun adopting a similar approach, seeking to attract crypto-aligned voters as the digital assets industry continues to expand.

Right-wing parties, in particular, have leaned into this strategy. Bitcoin’s non-sovereign nature and its emphasis on limited state intervention have made crypto especially appealing to conservative and libertarian leaders.

However, its potential to obscure financial flows has also made opposition leaders wary.

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Trump’s Crypto Playbook Goes Global

During his 2024 campaign, Trump set a precedent by making crypto an indispensable part of his presidential agenda. The move was strategic. 

Digital asset ownership has steadily increased across the United States, though its growth has been largely constrained by regulations that many in the industry viewed as stifling innovation.

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At the same time, the sector proved highly lucrative, with crypto companies willing to channel millions of dollars into presidential candidates who openly supported digital assets.

Then, Trump won. Soon enough, political leaders from other regions – particularly Europe – raised their gaze and embraced a similar playbook. 

The United Kingdom’s Reform Party, led by Nigel Farage, has been the most explicit example of this pivot. 

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Reform UK Opens Doors to Crypto

In May 2025, Reform became the first political party in the UK to accept crypto donations. Farage announced it during an appearance at the Bitcoin Conference in Las Vegas, where he was introduced as a presidential candidate. 

During his speech, Farage mentioned that Reform planned on introducing a cryptoassets and digital finance bill. The legislation would seek to limit capital gains taxes on crypto to 10%.

Soon, donations from crypto investors began to flow.

In December, reports emerged that cryptocurrency investor and aviation entrepreneur Christopher Harborne had donated £9 million to the party. Harborne, a major investor in stablecoin issuer Tether, made the contribution in cash rather than in crypto.

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Strong links between Farage and Trump’s inner circle also began to emerge. 

Byline Times recently reported that, last October, Farage disclosed a £30,000 payment for a speaking engagement from Blockworks Inc., a leading crypto data and information platform with links to pro-Trump crypto investment circles.

The media outlet also reported that Farage had received payments long before announcing his presidential candidacy. 

According to journalist Nafeez Ahmed, David Bailey, chief executive of BTC Inc. and a senior cryptocurrency advisor to Trump, paid Farage a speaking fee through BTC Inc. Months later, the Reform leader unveiled his pro-crypto policy platform.

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Though less emphatically, several of the UK’s neighboring countries have also begun to adjust their positions on the digital assets industry.

France’s Far Right Rewrites Stance on Bitcoin

Since the mid-2010s, France’s far-right has consistently ranked among the leading contenders in presidential elections, though it has yet to translate that momentum into presidential control. 

Marine Le Pen, leader of the National Rally party, has been the most prominent figure on France’s far right. Her stance on Bitcoin and the broader crypto sector has shifted over time. 

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In 2016, she pledged to ban virtual currencies, including Bitcoin. She argued they were the product of an alliance between what she described as the “ruling elite” and the powerful Wall Street investment banking lobby.

In 2022, Le Pen shifted her position, supporting plans to regulate digital assets. By 2025, she proposed that France should create them. 

Last March, Le Pen visited the Flamanville Nuclear Power Plant, where she backed using surplus reactor electricity to mine Bitcoin.

Members of Reconquête, another far-right party in France, also surfaced the idea of creating a strategic Bitcoin reserve before the European Parliament.

According to Le Monde, the legislation was almost a carbon copy of the executive order Trump signed in March of last year. 

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The growing political attention to digital assets in France is not incidental. According to a 2024 report by France’s Association for the Development of Digital Assets, 12% of the population owned crypto assets, a 25% increase from the previous year.

Marine Le Pen’s Bitcoin Mining Proposal in France

As demonstrated in the United States during Donald Trump’s campaign, appealing to crypto-aligned voters offers politicians a pathway to an electoral base that has steadily expanded.

In other countries, efforts to embrace crypto have been even more pronounced.

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Mentzen, a Crypto Pioneer in Polish Politics 

Poland has experienced a renewed surge of far-right sentiment in its political landscape over recent years. Although the country is governed by a center-right coalition, it has faced growing competition from more conservative and libertarian movements.

Sławomir Mentzen, chairman of the far-right New Hope party, has emerged as a leading figure in this shift, rising sharply in popularity. A self-described libertarian, Mentzen has long expressed an interest in Bitcoin, which accounts for a significant share of his personal investment portfolio.

When Mentzen disclosed his finances in December 2023, his Bitcoin holdings were valued at around 5 million zloty, or nearly $1.5 million at the time.

This made him the largest digital asset holder among members of parliament. In a public interview two months later, Mentzen said he had invested all of his savings in cryptocurrencies as early as 2013.

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His personal enthusiasm for crypto has also translated into political commitments.

When Mentzen ran for the presidency, he pledged to establish a Strategic Bitcoin Reserve if elected. He also promised to foster a supportive environment for crypto-related businesses, arguing that such policies would encourage innovation and attract international investors. 

For many voters, this message resonated. According to a recent Statista report, 19% of Poland’s population, or roughly 7 million people, used cryptocurrencies in 2025. That figure is projected to rise to 7.6 million by the end of 2026.

Although Mentzen ultimately placed third in the most recent presidential election, his performance was notable.

In the first round, he secured around 2.9 million votes, or nearly 15% of the total. It marked one of the strongest showings by a far-right candidate in modern Polish presidential elections.

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PI holds $0.16 as 778K tokens leave exchanges: rebound brewing?

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Pi Network Price
Pi Network Price
  • PI price rose slightly on Tuesday, with buyers testing resistance above $0.16.
  • Holder balances on centralized exchanges have reduced by over 700,000 PI tokens over the last 24 hours.
  • The technical outlook for PI is mixed amid overall bearish sentiment.

Pi Network’s token is showing some resilience amid broader crypto market weakness, with price retesting resistance above $0.16 despite key losses for Bitcoin and major altcoins.

The PI token traded to its intraday highs on a slight uptick in daily volume as on-chain data reveals a sharp decrease in token balances on centralized exchanges (CEXs).

While the upward move from lows of $0.13 on February 11 suggests bullish resilience, PI must extend gains above the latest barrier level to give buyers an upper hand.

Testing the key level amid broader crypto sentiment means a potential downward flip could follow if profit-taking deals mount.

Pi Network sees over 700,000 PI exit exchanges

PiScan data reveals CEX balances have shrunk sharply in the past 24 hours, with more than 778,434 PI tokens leaving CEXs such as OKX, Bitget, and MEXC.

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The outflows suggest strong holder conviction, and are key to the reduced selling pressure currently helping bulls hold the advantage.

Net outflows indicate accumulation rather than distribution.

Buyers could capitalize on this outlook to drive prices higher, more likely if the broader market sentiment improves.

Despite CEX outflows, the PI price is signalling upside potential amid Pi Network’s Open Network expansion.

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The project has accelerated its KYC verifications and mainnet migrations.

Meanwhile, the Pi Core Team sees  milestones such as the release of details on the Ecosystem Token Design as crucial steps.

The Pi Request for Comment (PRC) for community input is among ecosystem developments that are adding to investor confidence.

Pi Network technical outlook

Despite the intraday gains, Pi Network’s price remains 9% down this past week.

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The token is also in the red over the past month and year-to-date time frames, about 11% and 20%, respectively.

PI’s technical picture shows sentiment is largely bearish, with oscillators neutral. However, moving averages are leaning “strong sell”.

PI Price Chart
Pi Network price chart by TradingView

Bulls could muster upward momentum if prices stabilize above the $0.15. Support here and increased volume could allow PI to target $0.18 and then $0.27.

However, bears may yet dominate if bulls fail to hold above a downtrend line going back to the October 10, 2025, crash.

Should short-term losses accelerate below $0.15, major support lies around $0.13, an area that marked PI’s all-time low on Feb 11.

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Indicators like MACD and RSI on the daily chart are offering a mixed outlook.

The MACD suggests a bearish crossover, while the RSI sits at 46 and outlines a possible leg up.

PI price, like most cryptocurrencies, will likely track risk asset sentiment and performance in the short term. Macroeconomic and geopolitical factors will be key catalysts.

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Cronos (CRO) price outlook as Crypto.com secures conditional OCC approval in the US

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Crypto.com secures conditional OCC approval in the US
Crypto.com secures conditional OCC approval in the US
  • Crypto.com gains credibility after conditional approval from the OCC.
  • Cronos (CRO) remains far below its peak, but fundamentals are stabilising.
  • The regulatory approval strengthens Cronos’ long-term investment case.

Cronos (CRO) is once again in focus as regulatory progress at Crypto.com reshapes the long-term narrative around the ecosystem.

The token has spent much of the past year trading under pressure, mirroring broader market uncertainty and fading risk appetite.

Recent developments in the United States, however, have injected a new layer of strategic significance into CRO’s outlook.

Crypto.com has secured conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a nationally regulated trust bank.

This approval does not mean full operational status yet. It does, however, signal regulatory acceptance at the highest federal level.

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That signal alone carries weight in a market where regulatory clarity often defines winners and losers.

Crypto.com’s regulatory progress in the US

The planned Crypto.com national trust bank will not operate like a traditional retail bank.

It will, for instance, not accept deposits or issue loans.

Its role is focused on digital asset custody, settlement, and staking services under federal oversight.

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This positioning places Crypto.com closer to the infrastructure layer of institutional finance rather than consumer banking.

For the broader crypto market, the conditional approval suggests Crypto.com is on track to become a federally regulated custodian before committing serious capital.

It also reduces reliance on fragmented state-by-state licensing. From a credibility standpoint, this is a meaningful step forward.

For Cronos, the implications are indirect but important.

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Cronos exists as part of the Crypto.com ecosystem. Any expansion in regulated services strengthens the ecosystem’s long-term utility.

That utility underpins demand, even if price reactions are not immediate.

CRO price analysis

Cronos (CRO) is currently trading far below its all-time high.

The token peaked near $0.97 during the 2021 bull market, but today it trades closer to the $0.07 range. That decline reflects both market cycles and shifting sentiment around exchange tokens.

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Despite the drawdown, however, Cronos maintains a multi-billion-dollar market capitalisation.

Liquidity remains steady, though daily trading volumes are modest compared to previous cycles. While short-term momentum remains weak, long-term positioning is beginning to look more nuanced.

How the OCC approval feeds into Cronos’ price outlook

The conditional OCC approval does not directly change CRO’s tokenomics, nor does it alter supply or introduce immediate new use cases.

What it does is reinforce the ecosystem’s regulatory durability, which matters as capital becomes more selective.

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Following the approval, institutional staking, custody, and settlement services could eventually intersect with Cronos-based activity.

Even if adoption grows slowly, the direction is clear.

For long-term holders, the narrative around Cronos is shifting from speculative growth to regulated infrastructure alignment.

As Crypto.com moves closer to full approval, attention on Cronos is likely to increase.

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The price recovery will, however, still depend on broader market cycles, although the path forward now looks more credible than it did a year ago.

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Adam Back’s SPAC merger with Cantor Equity Partners could come as soon as April

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Adam Back's SPAC merger with Cantor Equity Partners could come as soon as April

Undaunted by the plunge in bitcoin and the even worse price action for bitcoin treasury companies, Adam Back, the CEO of Bitcoin Standard Treasury Company (BSTR), says shareholder approval for a public listing could come as soon as April.

The public listing would come via a SPAC merger with Brandon Lutnick’s Cantor Equity Partners I (CEPO).

BSTR intends to debut with 30,000 bitcoin on its balance sheet. Of that total, 25,000 coins will be contributed by Back and other founding shareholders. A further 5,000 BTC will be contributed in-kind by early investors.

The merger plans were announced in the summer of 2025 amid a frenzy of hastily formed crypto treasury companies that hoped to mimic the success of Michael Saylor’s Strategy.

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Since, though, the price of bitcoin has crashed to $63,000, and the performance of crypto treasury companies has been far worse, with many prominent ones vaporizing 90% or more of investor capital.

Speaking with CNBC on Monday, Back said a weaker bitcoin price could benefit BSTR ahead of its listing. Launching at a lower reference price would enable the company to accumulate more bitcoin at discounted levels, potentially strengthening its balance sheet and increasing long-term upside if market conditions improve.

Addressing bitcoin’s recent decline, Back noted that it occurred despite what he characterized as a favorable regulatory backdrop in the United States. He attributed the pullback to broader macroeconomic factors, including geopolitical tensions and tariff-related uncertainty, which have weighed on risk assets more broadly.

Back added that bitcoin treasury companies play a supportive role in the market. Their core strategy centers on acquiring and holding bitcoin, though he acknowledged that the pace of accumulation typically slows during bear markets. Ultimately, he said, bitcoin treasury companies are taking bitcoin off the market, which is a long-term bullish catalyst.

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HBAR price risks correction to $0.07 as structure shifts

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HBAR price risks correction to $0.07 as intraday structure turns bearish - 1

HBAR price faces downside risk after losing key support at $0.09, with bearish intraday structure increasing the probability of a corrective move toward $0.07.

Summary

  • $0.09 support flipped into resistance confirms bearish structure
  • Loss of point of control could accelerate downside momentum
  • $0.07 high-timeframe support becomes next downside target

Hedera (HBAR) price action is showing early signs of structural weakness following a decisive loss of high-timeframe support near the $0.09 level. What previously acted as a strong demand zone has now transitioned into resistance, marking an important shift in market structure.

This transition is technically significant. When former support flips into resistance, it often signals a change in market control from buyers to sellers. Recent price movements suggest that HBAR is now undergoing a bearish retest of this level, a common market behavior that frequently precedes continuation to the downside.

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As long as HBAR trades below $0.09, the broader technical outlook favors further corrective movement, with the next major support region located near $0.07 coming into focus.

HBAR price key technical points

  • $0.09 support flipped into resistance: Structural breakdown confirms bearish shift
  • Point of control under threat: Loss of key volume support could accelerate downside momentum
  • $0.07 high-timeframe support targeted: Next major demand zone within current range
HBAR price risks correction to $0.07 as intraday structure turns bearish - 1
HBARUSDT (4H) Chart, Source: TradingView

HBAR’s recent price action has been technically constructive in defining market direction. The confirmed loss of the $0.09 level represents a major structural development. Markets often respect these transitions strongly, as participants who previously bought at support may begin selling when price retests the level from below.

The current bounce toward resistance appears corrective rather than impulsive. Instead of establishing higher highs, price is forming a potential lower high within the intraday structure. This behavior aligns with a bearish retest scenario, where temporary upward movement allows sellers to re-enter positions before continuation lower.

From a market structure perspective, maintaining acceptance below $0.09 keeps sellers firmly in control. Until this level is reclaimed, bullish continuation remains unlikely in the short term.

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Point of control becomes critical volume support

Another important level to monitor is the point of control (POC), which represents the area of highest traded volume within the broader range. The POC often acts as a final area of equilibrium before price transitions into expansion.

If HBAR loses acceptance around this level, it would signal that the market has abandoned its last major volume-based support. This development could significantly increase downside momentum.Below the POC lies a region of relatively thin volume, meaning fewer historical transactions exist to slow price movement. When markets enter low-volume zones, price tends to move quickly as liquidity gaps allow accelerated rotations toward lower value areas.

This technical dynamic strengthens the probability of a move toward the value area low and ultimately the $0.07 high-timeframe support.

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Bearish retest suggests lower high formation

From a price action standpoint, the current local bounce appears to be a bearish retest rather than a trend reversal. Intraday structure continues to favor lower highs and weakening momentum, suggesting that the market is preparing for another rotational move downward.

Bearish retests typically occur after structural breakdowns, allowing price to revisit former support levels before sellers resume control. HBAR’s inability to reclaim resistance supports this interpretation.

If price forms a confirmed lower high beneath $0.09, it would further validate the bearish continuation thesis. This setup increases the likelihood that HBAR rotates toward deeper support levels as part of a broader corrective phase.

What to expect in the coming price action

From a technical, price action, and market structure perspective, HBAR remains vulnerable while trading below the $0.09 resistance. The current rebound appears corrective within a bearish intraday trend. A loss of the point of control could trigger accelerated downside movement toward the $0.07 high-timeframe support.

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Unless buyers reclaim higher value and invalidate the lower-high structure, the probability favors continued downside rotation in the near term.

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Price Falls While Network Activity Surges

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Successful payment on XRP Ledger. Source: XRPScan

XRP Ledger recorded multiple breakthrough metrics in February. These figures reflect Ripple’s effectiveness in attracting attention and accelerating adoption on its underlying blockchain.

However, XRP’s price remained stuck below $1.4 during the final week of February, despite several positive signals that predicted an upcoming recovery.

Activity on XRP Ledger Increased in February After Upgrades

Data from XRPscan shows that the number of successful payments on the XRP Ledger has continuously increased over the past month. The figure rose from a low of 1 million payments at the end of December last year to more than 2.7 million in February. This marks the highest level in 12 months.

Successful payment on XRP Ledger. Source: XRPScan
Successful payment on XRP Ledger. Source: XRPscan

On the XRP Ledger, a successful payment is a transaction that validators have confirmed and recorded on the distributed ledger.

Therefore, this increase reflects the growing vibrancy of the XRP Ledger. A higher number of successful transactions proves that users genuinely use the network for payments, transfers, DeFi, or other applications.

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“XRP network activity stays strong. Around 2M transactions per day and roughly 40K active addresses. That is real usage. While most chains chase narratives, XRPL keeps moving value. Payments. Settlements. This kind of consistency is what institutions look for,” crypto investor CryptoSensei said.

In addition, the Automated Market Maker (AMM) on the XRPL DEX showed signs of a breakout, with more than 14,000 deposits. This development provides XRPL with additional decentralized liquidity and reduces trading slippage.

AMM Deposit on XRP Ledger. Source: XRPScan.
AMM Deposit on XRP Ledger. Source: XRPscan.

Notably, AMM activity has never been this before. This breakout occurred after the Permissioned Domains upgrade was activated in early February. The network enabled the Permissioned DEX two weeks later.

Investors expect the Permissioned DEX to pave the way for banks, payment providers, and financial institutions to trade within a controlled liquidity environment on XRP Ledger.

Despite these positive signs, XRP’s price continued into its fifth consecutive month of decline, and the final week of February closed in the red. At the time of writing, XRP is trading at $1.33, down 45% from its early-year high.

XRP Price Performance. Source: BeInCrypto Price
XRP Price Performance. Source: BeInCrypto Price

A recent report from BeInCrypto shows that rising whale inflows to exchanges continue to create selling pressure. Realized losses have reached their highest level since 2022.

However, historical signals also suggest that such extreme negativity often precedes a price bottom and a strong recovery. The latest analysis from BeInCrypto clarifies that XRP now needs confirmation through a breakout above the $1.47 resistance level.

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Nansen to Set up Bhutan Entity in Gelephu Mindfulness City

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Bitcoin Adoption, Bhutan

Blockchain analytics company Nansen will establish a local entity and build a Bhutan-based team in Gelephu Mindfulness City (GMC), expanding into the kingdom as its Special Administrative Region advances its digital asset strategy.

According to a joint announcement shared with Cointelegraph, Nansen plans to incorporate within GMC and develop on-the-ground analytics capabilities to provide blockchain data and market intelligence to industry participants operating in the region.

GMC is a purpose-built Special Administrative Region in southern Bhutan focused on long-term economic development. The region has previously announced digital asset initiatives spanning custody infrastructure, tokenization, institutional liquidity and regulatory frameworks.