Day: March 9, 2025

CZ urges Elon Musk to ban bots on the X social media platform

admin

Binance co-founder Changpeng Zhao (CZ) urged Elon Musk to ban bots — automated accounts that spam the social media site and are used to amplify content or for coordinated attacks — from the X platform. “If someone uses Grok, ChatGPT, or DeepSeek to generate a tweet and copy and paste it here, fine, but API posting should be disabled,” CZ wrote in a March 9 X post. In a separate comment, the Binance founder differentiated automated social media bots from AI agents, saying that the latter was helpful in real-world…

Binance announces community voting mechanism for token listings

admin

Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform. According to the announcement, Binance will select projects which the community can vote on. Tokens that receive the most votes will be listed on Binance following due diligence from the centralized exchange company. Projects that fail to provide regular progress updates or necessary token information, engage in malfeasance, or have inactive developer teams and communities will be placed in the platform’s “monitoring zone.” Once…

Bitcoin slides another 3% — Is BTC price headed for $69K next?

admin

Bitcoin (BTC) still risks a crash to $75,000 as BTC price weakness accelerates into the weekly close. How low can BTC price action go before finding a bottom? Popular market participants weigh in as data from Cointelegraph Markets Pro and TradingView shows BTC/USD down over 3% on March 9. Bitcoin eats through bid liquidity Exchange order books are forming an area of intense interest among Bitcoin traders as the weekly candle close nears. Liquidation levels on either side of the spot price look ripe for the taking, with longs already…

Only 4% of the world’s population holds Bitcoin in 2025: Report

admin

Only 4% of the global population currently holds Bitcoin (BTC), with the highest concentration of ownership in the United States, where an estimated 14% of individuals own BTC. According to a research report from River, a BTC financial services company, North America remains the continent with the highest adoption rate among individuals and institutions, while Africa is currently the lowest at only 1.6%. Overall, BTC adoption tended to be higher in more developed regions than in developing regions. River estimates that BTC has only achieved 3% of its maximum adoption…

DePIN needs thoughtful regulation — not lawsuits

admin

Opinion by: Kai Wawrzinek, co-founder of Impossible Cloud Network It seemed like the punitive US Securities Exchange Commission crypto enforcement era was over, but former Chair Gary Gensler left us some truffles to unearth. Even after his departure, Gensler’s “regulation by enforcement” approach continues reverberating. We may be living under the first pro-crypto administration in US history, but there’s still a mountain of work to be done in clearing up the mess that’s been created by opaque, contradictory or absent regulations. One crypto sector, in particular, needs clarity on how…

Solana down 29% in 2025 despite liquidity surge, US crypto stockpile inclusion

admin

Solana has fallen nearly 29% since the start of 2025, despite the injection of $10 billion in new liquidity and its inclusion in the US Digital Asset Stockpile, according to TradingView data. The decrease comes despite Solana (SOL) being one of the three altcoins included in US President Donald Trump’s Digital Asset Stockpile, along with Cardano’s (ADA) and XRP (XRP). SOL/USD, year-to-date chart. Source: Cointelegraph/TradingView Moreover, Solana has been unable to break this downtrend despite seeing over $9.5 billion worth of newly minted USDC (USDC) stablecoins since Jan. 1, 2025,…

Bitcoin reserve backlash signals unrealistic industry expectations

admin

The widespread disappointment surrounding the US Strategic Bitcoin Reserve — hailed as a historic step for Bitcoin adoption — suggests unrealistic investor expectations, according to regulatory experts. President Donald Trump signed an executive order on March 7, which will utilize Bitcoin (BTC) seized in government criminal cases rather than purchasing the asset directly from the market. The announcement triggered a more than 6% drop in Bitcoin’s price, falling from $90,400 to $84,979, according to Cointelegraph Markets Pro data. The reaction signals unrealistic industry expectations, according to Anastasija Plotnikova, co-founder and…

Bitcoin risks weekly close below $82K on US BTC reserve disappointment

admin

Bitcoin could face increased downside volatility if it closes the week below the key $82,000 support level as investor sentiment remains subdued following short-term disappointment in the US Strategic Bitcoin Reserve. President Donald Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin (BTC) through market purchases. The lack of direct federal Bitcoin investment has “led to a near-term negative market reaction and a decline in Bitcoin’s price,” according to Bitfinex analysts. Bitcoin…

XRP Price Chart Signals Trouble – Is A Drop To $1.20 Possible?

admin

The price of XRP has recorded a significant downtrend in the last 24 hours, declining by almost 5% according to data from CoinMarketCap. Amidst this price fall, renowned market analyst Ali Martinez has stated there is a strong bearish pattern forming on the XRP price chart signaling further price drops ahead. XRP Faces Bearish Breakdown As Head-And-Shoulders Pattern Emerges Over the last week,  XRP investors have witnessed both sides of the crypto market volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost…

Michael Saylor pushes US gov’t to purchase up to 25% of Bitcoin supply

admin

Strategy founder Michael Saylor has proposed that the United States government aims to acquire up to 25% of Bitcoin’s total supply over the next decade for its Strategic Bitcoin Reserve. “Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” Saylor wrote in a document titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.” Saylor reiterates to the US government, “Never sell your Bitcoin” Saylor presented the document…