Day: March 5, 2025

Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency

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Crypto asset manager Bitwise has filed to list a spot Aptos exchange-traded fund in the US — a token created by a team led by two former Facebook (now Meta) employees in 2022. Bitwise filed an S-1 registration statement to list the Bitwise Aptos (APT) ETF on March 5, eight days after Bitwise indicated it would make such a filing when it registered a trust linked to the Aptos ETF in Delaware on Feb. 28. The Aptos filing adds to the list of altcoins currently in the line to win…

ETHDenver 2025 includes policy at developer-centric event

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Roughly 25,000 people gathered in Colorado for the 2025 ETHDenver conference from Feb. 23 to March 2 — an event that included the state’s governor and representatives from many crypto companies and US lawmakers.  The annual Ethereum-focused event launched in 2017 kicked off this year with its traditional BUIDLWeek, bringing developers together for technical presentations, boot camps, networking events and socializing. Though some attendees commented on the “gloom and doom” of major token prices falling, the general atmosphere seemed optimistic. Many children attended with their parents, likely entertained by a…

South Korea inches closer to Bitcoin ETF decision, looks to Japan as example

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South Korea is growing closer to a decision on Bitcoin (BTC) exchange-traded funds (ETFs), according to a report from local publication Maeil Business Newspaper (MK). In its report, MK says the South Korean government is looking to Japan as an example, as the island nation has been skeptical of digital assets in the past but may be changing its tone. The Financial Supervisory Service, South Korea’s financial regulator, reportedly examined the Japan Financial Services Agency’s legislative trend toward digital assets and shared it with related institutions in South Korea. Nikkei,…

Belarus President Wants To Mine Bitcoin & Crypto Using Surplus Energy

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This week, Belarus’ President Alexander Lukashenko told the country’s Energy Minister Alexei Kushnarenko that he wants to use their surplus of electricity to mine cryptocurrency like Bitcoin to accumulate a reserve. “Look at this mining. More and more people are turning to me. If it is profitable for us, let’s do it,” President Lukashenko said. “We have excess electricity. Let them make this cryptocurrency and so on.”  NEW: 🇧🇾 Belarus President Alexander Lukashenko says if Bitcoin & crypto mining is profitable, “let’s do it.” “We have excess electricity. Let them…

Ethereum (ETH) price pinned below $2.2K — Here’s why

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Ether (ETH) price surged 14.2% after rebounding from the $2,000 support level on March 4 but has struggled to sustain levels $2,200. Notably, ETH has underperformed the broader cryptocurrency market by 11% over the past two weeks, reflecting investor uncertainty. To regain bullish momentum, key obstacles must be addressed. Ether/USD (left) vs. Total Crypto Cap, USD (right). Source: TradingView / Cointelegraph While it is difficult to pinpoint the exact reasons behind traders reducing ETH exposure, several factors likely contributed to weaker sentiment. These include declining onchain activity, a lower total…

Is the pardoned Silk Road founder getting more involved in US politics?

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After being in prison for more than 11 years for his involvement with the darknet marketplace Silk Road, Ross Ulbricht appears to have wasted no time making public appearances. In a March 4 X post, Kentucky Representative Thomas Massie said he had invited Ulbricht to attend a joint session of the US Congress, at which President Donald Trump gave a speech on his administration’s policies. The event marked one of the first times the Silk Road founder appeared in public since his release from prison in January after receiving a…

Coinbase plans to tokenize $COIN stock in renewed security token push

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Key Takeaways Coinbase is reviving plans to tokenize its $COIN stock and other securities in the US following the SEC’s creation of a new crypto task force. Tokenized securities offer investors benefits such as voting rights and profit-sharing while improving transaction efficiency. Share this article Coinbase is renewing its effort to tokenize its own stock $COIN as part of a broader push to bring security tokens to the US market, an initiative it first attempted in 2020 but abandoned due to regulatory hurdles. With a newly formed crypto task force…

CleanSpark bolsters Bitcoin treasury by 6% in February

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CleanSpark grew its Bitcoin treasury by approximately 6% from mining operations in February, the crypto miner said on March 5.  During the month of February, CleanSpark mined a total of 624 Bitcoin (BTC), worth upward of $55 million at Bitcoin’s spot price of around $89,000 as of March 5, according to CleanSpark’s monthly report.  The company sold 2.73 BTC in February at an average price of more than $95,000 per BTC. It added the rest to its corporate treasury, which holds a total of 11,177 BTC as of Feb. 28,…

Crypto-friendly rules threaten national security: Representative Sean Casten

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During a March 5 hearing of the House Financial Services Committee, US Representative Sean Casten, an Illinois Congressperson, argued that “crypto-friendly rules” threaten US national security. The lawmaker made the remarks while debating H.R. 1716, the “Taiwan Conflict Deterrence Act of 2025,” accusing President Donald Trump and Elon Musk of dismantling Anti-Money Laundering and financial surveillance laws. Casten added: “They are pushing crypto-friendly rules that would make it essentially impossible to determine the source of funds that are being used to be transferred. I want to point out that 100%…

XRP/ETH pair targets 160% rally according to bull market cycle history

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The gap between XRP and Ethereum in terms of market cap has decreased drastically since November 2024, dropping roughly 33% over the past 4 months. This has increased the number of discussions in the community about a possible change in position for both assets. Recently, XRP’s (XRP) fully diluted valuation (FDV) managed to flip Ethereum; however, Ether (ETH) leads both market cap and FDV.  Ethereum and XRP MC, FDV and price comparison. Source: Coingeckoo With a $124 billion market cap discrepancy, one analyst identified a parabolic scenario for XRP, which according to…