Day: March 4, 2025

El Salvador’s Bukele says Bitcoin buys will continue amid IMF pressure

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El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily accumulating Bitcoin (BTC). “No, it’s not stopping,” Bukele said in a March 4 X post, confirming El Salvador wouldn’t comply with the IMF’s request. “If it didn’t stop when the world ostracized us and most…

SEC agrees to drop lawsuit against Cumberland DRW, says firm

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The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.  Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval.  It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases…

Pump.fun volume drops by 63% in February

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Trading volume on Pump.fun, a token launchpad in the Solana ecosystem, has plunged 63% from January to February 2025, data from Dune Analytics shows. The decline comes as memecoins face mounting scrutiny amid a string of scandals. In total, the platform’s trading volume declined from $119 billion to $44 billion in the first two months of 2025, with $2.1 billion in trading activity recorded in the past four days. As Cointelegraph reported, new token listings on Pump.fun are also down. After seeing a high of nearly 1,200 tokens per day…

Solana upgrades will strengthen network but squeeze validators — VanEck

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Solana’s planned protocol upgrades are important for the network’s long-term health but could deal a blow to validators’ earnings, according to asset manager VanEck.  In March, Solana’s validators will vote on two proposed upgrades — known as Solana Improvement Documents (SIMDs) — to the blockchain protocol designed to ensure rewards for stakers and adjust the inflation rate for the network’s native SOL (SOL) token.  Both proposals have generated “significant controversy” because they stand to slash validator revenues by as much as 95%, potentially imperiling smaller operators, VanEck digital asset research…

What to expect at Donald Trump’s crypto summit

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Since US President Donald Trump’s AI and crypto czar, David Sacks, announced plans for the White House to host a summit featuring industry leaders and policymakers, many are questioning what the focus of the event will be. On March 7, according to Sacks, “prominent founders, CEOs, and investors from the crypto industry” will meet with members of Trump’s working group on digital assets at the White House, presumably to discuss policy issues related to crypto and blockchain and a potential regulatory framework. The announcement preceded the US president’s intention to…

As Trump tanks Bitcoin, PMI offers a roadmap of what comes next

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The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets.  Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans. However, 24 hours later, those gains were completely reversed in a move that some have attributed to outright market manipulation.  Despite the short-term volatility, Bitcoin’s trajectory moving forward can be better understood through the lens of the business…

Reddit co-founder wants to buy TikTok US and put it on-chain

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Key Takeaways Reddit co-founder Alexis Ohanian joins the bid to acquire TikTok US and integrate it with blockchain technology. The initiative would allow 170 million US TikTok users to manage their data using the Frequency blockchain protocol. Share this article Reddit co-founder Alexis Ohanian announced today he has joined efforts to acquire TikTok’s US operations and transition the platform to blockchain technology. Exciting news for the digital world… I’m officially now one of the people trying to buy TikTok US — and bring it on-chain. TikTok has been a game-changer for…

Bitcoin miners languish amid crypto market rout — JPMorgan

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Bitcoin (BTC) mining stocks are struggling as declining cryptocurrency prices add further pressure to business models strained by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph.  Mining stocks tracked by JPMorgan collectively shed 22% in market capitalization in February as Bitcoin’s falling price eroded mining economics, the March 3 report said.  Mining stocks such as Riot Platforms (RIOT), Bitdeer (BTDR), Marathon Digital (MARA) and Core Scientific (CORZ) reported their fourth-quarter 2024 earnings in February. Virtually all of them saw post-earnings stock price declines, including…

XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor

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Este artículo también está disponible en español. The XRP price has retraced and lost the gains it recorded from its Sunday rally following Trump’s announcement that the crypto would be included in the crypto strategic reserve. Following this price correction, crypto analyst Trade City has key support levels that could determine XRP’s future trajectory.  Important Support Levels For The XRP Price In a TradingView post, Trade City highlighted $3.06717 and $1.67220 as critical support levels for the XRP price on the weekly timeframe. While analyzing the weekly chart, the analyst…

Aave revamp proposal includes revenue redistribution, safety system

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Marc Zeller, the founder of Aave Chan Initiative (ACI), unveiled a proposal for Aave’s tokenomics revamp on March 4, which would include a new revenue redistribution model, an “Umbrella” safety system to protect against bank runs, and the creation of the “Aave Finance Committee” (AFC). The proposal is part of Aave’s ongoing tokenomics overhaul and is subject to community approval. On X, Zeller called the proposal “the most important proposal” in Aave’s history. The new revenue redistribution model involves keeping the previous distribution for GHO stakers, also called the “Merit”…