Day: March 2, 2025

Solana down 45% since Trump token launch as memecoins divert liquidity

admin

Solana’s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock. Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows. The growing investor appetite for memecoins may be limiting Solana’s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix. SOL/USDT, 1-day chart. Source: Cointelegraph/TradingView Memecoins “don’t tend to draw in much external capital flow; instead existing eco-system capital “round-robins”…

Ethereum’s Pectra upgrade could lay groundwork for next market rally

admin

Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows. ETH/USD, 1-year chart. Source: Cointelegraph Ethereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence…

Rising Bitcoin activity hints at market bottom, potential reversal

admin

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction. Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows. Bitcoin number of active addresses. Source: Glassnode The surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post…

Senator Lummis to discuss US Bitcoin reserve bill with industry leaders on March 11

admin

Key Takeaways Bitwise CEO will join other industry leaders to discuss a potential US Bitcoin reserve initiative with Senator Lummis. The regulatory environment for digital assets in the US is becoming more constructive, with favorable conditions for Bitcoin investment in Q1 2024. Share this article Senator Cynthia Lummis is actively working on a bill related to a US Bitcoin reserve and has scheduled a gathering on March 11 in Washington DC to discuss the initiative with industry leaders, said Bitwise CEO Hunter Horsley on CNBC’s Fast Money this week. When…

Stellar (XLM) Chart Signals Major Rally —Is A 330% Surge Coming?

admin

The Stellar (XLM) market has registered a price boost in the past day gaining by 10.77% according to data from CoinMarketCap. This price bounce comes after a rather bearish week marked by significant losses across the general crypto market. Interestingly, as these digital assets show some minor recovery, renowned market analyst Ali Martinez has postulated that XLM may be preparing for a major bullish swing. XLM’s Bullish Flag Could Propel Prices To $1.20 – Analyst In an X post on March 1, Martinez shared an interesting technical analysis of the…

Bybit hackers resume laundering activities, moving another 62,200 ETH

admin

North Korea’s Lazarus Group laundered another 62,200 Ether, worth $138 million, from the Feb. 21 Bybit hack on March 1 — leaving only 156,500 left to be moved, a pseudonymous crypto analyst noted. Approximately 343,000 Ether (ETH) of the 499,000 Ether stolen from the $1.4 billion Bybit hack has been moved, said X user EmberCN, who expects the remaining funds to be cleared in the next three days. The 343,000 Ether moved equates to 68.7% of the stolen funds — up from 54% on Feb. 28. EmberCN previously noted that…

Ethereum researcher pitches solution to fix centralization woes, eliminate MEV

admin

An Ethereum researcher has pitched a new block proposal solution that aims to democratize Ethereum’s currently centralized block building process by implementing a “shared random algorithm.” The “Decentralized Random Block Proposal” would leverage Byzantine Fault Tolerance (BFT) to eliminate Maximal Extractable Value at the block level, fully democratize block proposing and possibly accelerate propagation — the process by which transactions are broadcast to network validators — pseudonymous researcher Malik672 said in a March 1 post. Malik672 said while Ethereum’s proof-of-stake model and the proposer-builder separation feature have migrated Maximal Extractable Value…

Strong inflows into ARK 21Shares, Fidelity Bitcoin ETFs end 8-day outflow streak

admin

The US spot Bitcoin exchange-traded funds recorded a $94.3 million inflow on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin made a partial recovery toward $85,000. The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with $193.7 million and $176 million in net inflows respectively, Farside Investors data shows. ARKB and FBTC’s combined $369.7 million inflow more than covered the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), while the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin…

Nothing has changed in US crypto banking since Trump returned: Caitlin Long

admin

The US government has done “nothing” to address crypto debanking issues since US President Donald Trump returned to the White House, according to Custodia Bank’s CEO Caitlin Long. Speaking on stage at ETHDenver on Feb. 28, Long said while the “perception is that there has been a loosening, none of the federal banking agencies have actually overturned any of the anti-crypto guidance.” “It is still presumed unsafe and unsound for a bank to touch a digital asset even in a de minimis amount,” Long said while arguing that “nothing” has…