Day: March 30, 2025

Centralization and the dark side of asset tokenization — MEXC exec

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Tracy Jin, the chief operating officer at the MEXC crypto exchange, warns that tokenizing real-world assets (RWAs) carries a substantial amount of centralized risks that can lead to censorship, liquidity issues, legal uncertainty, cybersecurity problems, and asset confiscation through state or third-party intermediaries. In an interview with Cointelegraph, the executive said that as long as tokenized assets remain under the purview of state regulators and centralized intermediaries, then “tokenization will simply be a new version of old financial infrastructure and not a financial revolution.” Jin added: “Most tokenized assets will…

Bitcoin bottom ‘likely’ at $80K, opening door for TON, CRO, MNT and RENDER to rally

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Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635. The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin. Puckrin said that a recession and the current macroeconomic uncertainty could…

Binance debuts centralized exchange to decentralized exchange trades

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Crypto exchange Binance has debuted centralized exchange (CEX) to decentralized exchange trades (DEX), allowing customers to use funds from their Binance wallets to execute DEX trades — eliminating the need for asset bridging or manual transfers. According to the exchange, customers can use Circle’s USDC (USDC) and other supported stablecoins to acquire tokens on the Ethereum, Solana, Base, and BNB Smart Chain networks. The new CEX to DEX feature is also compatible with other tools on the platform, including Binance Alpha, which gives users the ability to discover emerging tokens…

Stablecoins are powering deobanks

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Opinion by: Maksym Sakharov, co-founder and group CEO of WeFi  The current markets are experiencing tailwinds as a result of the tariffs imposed by the US administration and retaliatory measures from trading partners. So far, however, market proponents say that Trump’s tariffs are primarily a negotiation strategy, and their effect on businesses and consumers will remain manageable. Market uncertainty drives institutional interest  Adding to the uncertainty are the inflationary pressures that could challenge the US Federal Reserve’s rate-cutting outlook. Besides that, an impending fiscal debate in Washington over the federal…

Saylor hints at new Bitcoin purchase as holdings surpass 500,000 BTC

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Key Takeaways Strategy purchased 6,911 BTC for $584.1 million increasing total holdings to 506,137 BTC. The company plans a $42 billion capital raise to further expand their Bitcoin acquisitions. Share this article Michael Saylor, Executive Chairman of Strategy, has hinted at an impending Bitcoin acquisition following a recent purchase that pushed the company’s total holdings beyond 500,000 BTC. On March 30, Saylor shared Strategy’s Bitcoin portfolio tracker on X with the caption, “Needs even more Orange,” suggesting the company remains committed to expanding its Bitcoin reserves. These posts have historically…

Trump’s trade war pressures crypto market as April 2 tariffs loom

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Concerns over a global trade war continue to pressure traditional and cryptocurrency markets as investors brace for a potential tariff announcement from US President Donald Trump on April 2 — a move that could set the tone for Bitcoin’s price trajectory throughout the month. Trump first announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president. Global tariff fears have led to heightened inflation concerns, limiting appetite for risk assets among investors. Bitcoin (BTC) has fallen 18%, and the S&P 500 (SPX) index has…

$65K Bitcoin price targets pile up as ‘Spoofy the Whale’ buys the dip

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Bitcoin (BTC) circled $83,000 on March 30 after weekend volatility brought new ten-day lows. BTC/USD 4-hour chart. Source: Cointelegraph/TradingView BTC price action deals snap weekend downside Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gradually recovering after a trip to $81,600 the day prior. With no added selling pressure from the ongoing rout in US stock markets, Bitcoin managed to erase most of the downside to come full circle versus the last Wall Street close. “Quite the volatility for a weekend indeed,” popular trader Daan Crypto Trades summarized in…

Crypto trader turns $2K PEPE into $43M, sells for $10M profit

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A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value. The trader made an over 4,700-fold return on investment on the popular frog-themed Pepe (PEPE) cryptocurrency, according to blockchain intelligence platform Lookonchain. “This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage. He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x), Lookonchain wrote in a…

Is XRP price around $2 an opportunity or the bull market’s end? Analysts weigh in

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XRP (XRP) has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump’s trade war despite bullish news like the SEC dropping its case against Ripple. XRP/USD daily price chart. Source: TradingView However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it’s the end of the bull run or a prime buying…

Stablecoin rules needed in US before crypto tax reform, experts say

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United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts. “In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,” according to Mattan Erder, general counsel at layer-3 decentralized blockchain network Orbs. A “tailored regulatory approach” for areas including securities laws and removing “obstacles in banking” is a priority for US lawmakers with “more upside” for the industry, Erder told Cointelegraph. “The new Trump administration is clearly all in on crypto and is…