Day: March 25, 2025

Bitcoin sets sights on ‘spoofy’ $90K resistance in new BTC price boost

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Bitcoin (BTC) passed $88,000 after the March 25 Wall Street open as risk assets stayed highly sensitive to US trade tariffs. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price gains anticipate classic April comeback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tightly clinging to the daily open. US stocks opened modestly higher, building on a comeback that provided traders some long-awaited cause for optimism. A key ingredient in stemming the risk-asset rout were cues from the US government and President Donald Trump over their planned round of trade tariffs…

Trump-backed World Liberty Financial confirms plans to debut USD1 stablecoin on Ethereum, BNB Chain

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Key Takeaways World Liberty Financial will launch USD1, a stablecoin backed by US treasuries and cash equivalents. USD1 will be minted on Ethereum and Binance Smart Chain, with reserves audited and held by BitGo. Share this article World Liberty Financial, the DeFi project inspired by President Donald Trump, on Tuesday confirmed its plans to roll out USD1, a stablecoin built with institutions and sovereign investors in mind. “USD1 provides what algorithmic and anonymous crypto projects cannot—access to the power of DeFi underpinned by the credibility and safeguards of the most…

How Trump tariffs dragged Bitcoin below $80K

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Since US President Donald Trump’s inauguration on Jan. 20, Bitcoin (BTC) has swung from a record high of $109,000 to below $78,000 as major tariff announcements from the US and retaliatory moves from trade partners shaved off chunks of cryptocurrency market value and rattled global markets. “The back-and-forth on tariffs, with Trump sometimes tough and sometimes accommodating, has left markets in a limbo state, where few people are willing to be decidedly bullish but just as few are willing to part with their assets, fearing to be left on the…

Uptrend Resumes After A Healthy Pullback

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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. After a brief yet necessary cooldown, BNB is back in action, regaining bullish momentum and resuming its uptrend. The recent pullback provided a much-needed reset, allowing buyers to step…

CME Group to pilot tokenization technology for capital market efficiency

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US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions. According to a March 25 announcement, CME has already begun integrating GCUL to improve capital market efficiency and wholesale payments.  CME Group chairman and CEO Terry Duffy said GCUL could “deliver significant efficiencies for collateral, margin, settlement and fee payments as the world moves toward 24/7 trading.” The announcement did not provide specific details about which assets would be tokenized. CME…

Abracadabra.Money’s GMX pools hacked, $13M lost

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About $13 million worth of cryptocurrency has been drained from decentralized lending protocol Abracadabra.Money following an exploit targeting pools using GMX tokens. In a March 25 X post, crypto cybersecurity firm PeckShield reported that contracts related to GMX and Abracadabra.Money had been compromised, resulting in the loss of about 6,260 Ether (ETH), worth around $13 million. The news follows Abracadabra.Money losing $6.49 million after its smart contracts were compromised in late January 2024. At the time, this also led to the protocol’s Magic Internet Money (MIM) stablecoin losing its peg…

Bitcoin mining supplier Auradine sees opportunity in Trump policies

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US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold a small sliver of market share compared to their major Chinese counterparts.  The United States accounts for over 40% of the Bitcoin network’s global hashrate but still leans heavily on China-made mining rigs. China-based Bitmain reportedly holds as much as a 90% market share in the Bitcoin mining manufacturing market.  “Trump’s continued focus to support the US BTC mining industry highlights…

BlackRock’s BUIDL expands to Solana as tokenized money market fund nears $2B

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BlackRock’s tokenized money market fund has expanded to the Solana blockchain as its market capitalization approaches the $2 billion mark. On March 25, Carlos Domingo, the founder and CEO of real-world asset (RWA) tokenization platform Securitize, welcomed the Solana network to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This marked the tokenized money market fund’s expansion to another blockchain network.  BlackRock launched BUIDL in March 2024 in partnership with Securitize. In a Fortune report, Securitize chief operating officer Michael Sonnenshein said the fund aims to make offchain assets “unboring.” …

eToro trading platform publicly files for US IPO

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Cryptocurrency-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States following several previous attempts. The company said in a March 24 announcement that it had submitted a registration statement on Form F-1 with the US Securities and Exchange Commission related to the IPO of its Class A common shares. EToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ETOR,” according to the announcement, which stated: “A registration statement on Form F-1 relating to…

ETH price to $1.2K? Ethereum’s PoS ‘deflation’ ends with fees at all-time lows

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Ether’s (ETH) price printed a bear flag on the daily chart, a technical chart formation associated with strong downward momentum. Could this bearish setup and decreasing transaction fees signal the start of the second leg of ETH’s drop toward $1,200? Ethereum’s network activity slumps The market drawdown, fueled by US President Donald Trump’s tariff threats, saw Ether’s price drop by nearly 50% from a high of $3,432 on Jan. 31 to a 16-month low of $1,750 on March 11. While ETH has rebounded 18% since, it failed to produce a…