Day: March 20, 2025

ZachXBT says he unmasked mysterious 50x Hyperliquid whale

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Onchain sleuth ZachXBT said he had identified the mysterious whale who profited $20 million from highly leveraged trades on Hyperliquid and GMX as a British hacker going by the name William Parker.  According to ZachXBT’s March 20 X post, Parker — who was previously known as Alistair Packover before changing his name — was arrested last year for allegedly stealing around $1 million from two casinos in 2023.  Parker also made headlines a decade ago for allegations of hacking and gambling, ZachXBT said. “It is abundantly clear WP/AP has not…

‘Successful’ ETH ETF less perfect without staking — BlackRock

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BlackRock’s head of digital assets, Robbie Mitchnick, described the firm’s Ether (ETH) exchange-traded fund (ETF) as a “tremendous success” but acknowledged a key limitation. Speaking on March 20 at the Digital Asset Summit, he noted that the ETF is “less perfect” without staking, highlighting a crucial feature absent from the current offering. “A staking yield is a meaningful part of how you can generate investment return in this space,” Mitchnick said. “And all the [Ether] ETFs, of course, at launch did not have staking. So, if that is able to…

Canary files for PENGU ETF

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Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show.  The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies, including altcoins and memecoins.  According to the filing, the ETF is intended to hold spot PENGU as well as various Pudgy Penguins NFTs. It would be the first US ETF to hold NFTs if approved.  Additionally, “[t]he Trust will also hold…

Argentina’s Senate Hosts First-Ever Conference On Bitcoin Regulation

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For the first time in history, the Argentine Senate has opened its doors to discuss Bitcoin, thanks to the efforts of NGO Bitcoin Argentina. The conference, titled “Bitcoin and its Regulatory Framework,” was held this week in the Arturo Illia Hall of the Legislative Palace. 🗞️ “El Senado de la Nación recibió por primera vez a la ONG Bitcoin Argentina para una conferencia sobre Bitcoin y su marco regulatorio” | Lee la nota acá: https://t.co/ahulRHxhdp “Con este hito, la ONG Bitcoin Argentina continúa consolidándose como un referente en la materia,……

Kevin O’Leary reveals key catalysts that could reverse the bearish trend

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The crypto market is currently facing significant pressure, largely due to US President Donald Trump’s trade war and deteriorating macroeconomic conditions. These factors have put markets under strain, with some analysts predicting that the bull run is over and a bear market may be on the horizon. In a recent Cointelegraph interview, Kevin O’Leary, also known as “Mr. Wonderful,” shared his thoughts on the current state of the market and what could be ahead. Despite the turbulence, O’Leary remains optimistic about the future of Bitcoin (BTC). He explains that while…

Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

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The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19. Bitcoin’s Coinbase premium index. Source: CryptoQuant Return of Coinbase premium highlights Bitcoin accumulation The Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals US investors dictating stronger buying pressure. The index gauges US retail interest, but Woonminkyu, a verified analyst on CryptoQuant, said that it may also signal strong accumulation from US institutions and whales. Coinbase premium analysis…

First-ever CFTC-regulated XRP futures debuts in the US

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Key Takeaways Bitnomial has launched the first-ever CFTC-regulated XRP futures in the US. The XRP futures are physically settled, backed by actual XRP, reinforcing market integrity. Share this article Bitnomial, a digital asset derivatives exchange, officially launched the first-ever CFTC-regulated XRP futures in the US today, following the company’s voluntary dismissal of its lawsuit against the SEC. The lawsuit withdrawal came shortly after Ripple CEO Brad Garlinghouse announced that the SEC would drop its appeal against Ripple, a move that confirms XRP is no longer considered a security under current…

TON Foundation raises $400M via token sale

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The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem.  Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.  TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided. TON blockchain is a decentralized network…

Why $2.66 Is The Most Important Level To Beat

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Egrag Crypto has discussed the possibility of the XRP price witnessing another corrective move. He revealed the price level that XRP needs to stay above to avoid…

Trump becomes first US sitting President to speak at a crypto conference

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United States President Donald Trump is steadily aligning his administration with the crypto industry. On March 20, he addressed a community conference for the first time since being elected. Speaking at the Blockworks Digital Asset Summit on March 20 in a pre-recorded statement, Trump reiterated that the US would take steps to ensure it is the “crypto capital of the world.” The President lauded the recent regulatory shift in the crypto industry over the previous administration and added: “Pioneers like you will be able to improve our Banking and payment…