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Nexo, a digital assets wealth platform with over $11 billion in assets under management, has inked a major partnership with the Acapulco Tennis Open The collaboration makes Nexo ( NEXO ) the official partner of the prestigious tennis tournament, strengthening the company’s footprint in Latin America. According to a press release shared with crypto.news on Feb. 24, Nexo’s partnership with the Abierto Mexicano Telcel presentado por HSBC comes ahead of the Telcel and HSBC-sponsored tennis tournament, scheduled for Feb. 24 to March 1, 2025. Stars set to compete in the tournament’s 32nd edition at the Arena GNP Seguros in Acapulco include Alexander Zverev, Casper Ruud, and Tommy Paul. The event is one of the highlights of the ATP Tour 500 series and represents a significant move by Nexo. Over the years, crypto has made its mark in elite sports, including basketball, Formula 1, and the NFL. Nexo’s sponsorship places it alongside other high-profile deals. “This sponsorship is a testament to Nexo’s core belief that wealth creation, like championship success, requires foresight, commitment, and strategic execution,’ Nexo co-founder and executive chairman Kosta Kantchev noted. “The same attributes that define great tennis players—discipline, long-term thinking, and resilience—are at the heart of Nexo’s offerings,” he added. Nexo’s role as an official partner marks another key development in the integration of crypto into global sports events. Proud to announce our landmark partnership with the Acapulco Tennis Open @AbiertoTelcel . Built on the shared values of long-term strategy and the relentless pursuit of excellence, the partnership reflects our international engagement and commitment to sustainable success. pic.twitter.com/8kDgZ7DFK9 It also aligns with the digital asset wealth platform’s 2025 roadmap, making this one of the first major deals since Nexo’s rebrand in November 2024. Key aspects of the roadmap include expanded access to the Nexo card, cross-border transfers, and AI-driven innovations. The platform launched in 2018 after a private sale, growing to over $11 billion in AUM and handling more than $320 billion in transactions. Its product suite includes crypto-backed loans, USD accounts and crypto cards.

The post Texas Senate’s Bitcoin Reserve Hearing: A Game Changer or Symbolic Move? appeared first on Coinpedia Fintech News The Texas Senate is all set to hold a public hearing, tomorrow, to discuss creating a Bitcoin reserve. However, market analysts believe that the move may be symbolic unless the state announces a clear investment plan. The first public hearing for the establishment of a potential strategic Bitcoin reserve in Texas is scheduled for Feb. 18, less than a week after the bill was received by the Secretary of the Senate, according to the Texas government’s website. “A Symbolic Move” Despite being a positive step for Bitcoin adoption, the hearing may only represent a ‘symbolic move’ for cryptocurrency markets, according to Iliya Kalchev, dispatch analyst at Nexo. “Texas considering Bitcoin as a reserve asset is another chess move in BTC’s march toward institutional legitimacy, but state-level initiatives often make ripples, not waves, compared to ETF inflows or corporate treasury allocations,” Kalchev noted. Kalchev pointed out that unless Texas announces specific actions, like buying Bitcoin soon or a major policy shift, the market won’t react strongly. This is because Texas is already known for its pro-crypto stance, and hence the news itself won’t be surprising. Lately, Bitcoin has lacked upside momentum, trading under the $100,000 for over nine days since Feb. 7. COO of Bitget, believes that Bitcoin will continue to face pressure in the short term due to the ongoing trade tensions between the US and China. Upcoming Events Could Reignite Interest Nevertheless, Key events this week like the upcoming FOMC minuted could stir and reignite the markets. The Federal Reserve will release the minutes from its January meeting on Wednesday, where it decided to keep interest rates steady. Besides, Trump’s tariffs are also adding inflationary pressure. Nevertheless, Bitcoin has displayed a resilient performance. While the positive developments surrounding Bitcoin reserve legislation signal growing institutional adoption, Kalchev noted that macro forces like fed policy and regulatory shifts will ultimately shape Bitcoin’s trajectory. Texas’ push for a Bitcoin reserve marks a significant shift in both economic and political landscapes, with other states following suit. Kentucky, for example, has become the 16th state to propose legislation that would allocate up to 10% of excess state reserves into digital assets. These moves highlight the growing trend toward crypto adoption across the U.S.

Best Crypto to Watch Now – Key Opportunities in the Market The crypto market is evolving, and altcoins are showing mixed signals. With the altcoin sector valued at over $275 billion, investors are searching for high-potential tokens. Here are three projects worth watching: 1. Nexo ($NEXO) – Expanding Financial Services Nexo is gaining traction by expanding its Nexo Card across European markets. This card enables users to spend crypto without selling, offering both debit and credit functions. With a 62% adoption rate in the European Economic Area, Nexo continues to grow. Currently priced at $1.34, NEXO has increased 29% over the past year and is trading 10.10% above its 200-day SMA. 2. Curve DAO Token ($CRV) – DeFi Liquidity Powerhouse Curve specializes in stablecoin trading with minimal price slippage. It remains a top DeFi protocol, securing billions in total value locked (TVL). CRV is currently at $0.5301, reflecting a 5.25% decline in 24 hours but a 9.42% gain over the last week. The token had 15 green days last month, showing resilience despite volatility. 3. Celestia ($TIA) – Modular Blockchain Innovation Celestia revolutionizes blockchain scalability by separating execution and consensus layers. Ranked #53 on CoinMarketCap, TIA is priced at $3 with a $1.6B market cap. While it’s 51.65% above its lowest price, it remains below its all-time high of $20.91. 📌 Conclusion: Each of these projects offers unique growth potential. Traders should monitor technical indicators and market trends for the best opportunities!

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