Crypto markets reacted sharply after US President Donald Trump unveiled plans for a Crypto Strategic Reserve on March 2. The proposal, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, triggered a wave of sell-offs as traders sought to capitalize on price movements, according to a CryptoQuant report shared with CryptoSlate. According to the report, Bitcoin …
Monthly archives: March 2025
Ripple focuses on US crypto education with $50M grant to launch National Cryptocurrency Association
Ripple has taken a step toward advancing crypto education in the United States by spearheading the National Cryptocurrency Association (NCA) launch. The NCA is positioned as an independent, non-partisan organization with no political affiliations. Its primary goal is to provide educational resources and promote a deeper understanding of crypto. According to a March 5 statement, …
Russia reportedly eyes controlled crypto trading for wealthy investors
Russia’s Ministry of Finance and the Central Bank are reportedly working on a controlled crypto trading framework for select high-net-worth investors. On March 5, local media outlet Interfax reported that officials were exploring an experimental project allowing specific entities to engage in digital asset trading under a structured legal environment. Aleksey Yakovlev, head of the …
Continue reading “Russia reportedly eyes controlled crypto trading for wealthy investors”
US Treasury blacklists 49 Bitcoin and Monero addresses linked to Nemesis darknet marketplace
The US Department of the Treasury has imposed sanctions on Behrouz Parsarad, an Iranian national accused of managing the now-defunct Nemesis darknet marketplace. As part of the action, authorities blacklisted 49 Bitcoin (BTC) and Monero (XMR) addresses linked to him. The Office of Foreign Assets Control (OFAC) announced the sanctions on March 4, stating that …
Phishing losses drop 48% to $5.32 million in February as crypto users grow more vigilant
Phishing-related crypto losses fell for the third consecutive month in February, with 7,442 victims losing $5.32 million, according to data from Scam Sniffer. The security firm reported that this represents a significant 48% decline from January’s $10.25 million and December 2024’s $23.58 million. The blockchain firm pointed out that the downward trend suggests that crypto …
Another hurdle for Ethereum’s Pectra upgrade as Sepolia testnet issue emerges
Ethereum’s much-anticipated Pectra upgrade has encountered another hurdle, this time on the Sepolia testnet. Tim Beiko, Ethereum Foundation’s Protocol Support Lead, disclosed the latest complication in a March 5 post on X. He explained that the problem stems from a custom deposit contract on Sepolia, which has disrupted some execution layer (EL) clients. The malfunction …
Continue reading “Another hurdle for Ethereum’s Pectra upgrade as Sepolia testnet issue emerges”
Bitcoin Advocate Lummis Skeptical of Near-Term Approval for Trump’s Crypto Reserve Plan
Wyoming Sen. Cynthia Lummis, a leading bitcoin proponent, cast doubt on the immediate feasibility of former President Donald Trump’s proposed cryptocurrency strategic reserve, citing insufficient Congressional backing as a critical barrier. Political Resistance Slows Trump’s Bitcoin Strategic Reserve, Lummis Says Trump’s plan, unveiled March 2, 2025, via Truth Social, calls for a “Crypto Strategic Reserve” …
Market Optimism Helps Bitcoin Gain Momentum
News of potential interest cuts and the expected unveiling of a national crypto strategic reserve at the upcoming White House Crypto Summit, all helped buoy the dominant cryptocurrency. Bitcoin Price Rises Amid Positive Market Sentiment Bearish traders suffered liquidations on their short positions as positive economic news gave bitcoin a modest 7% rally this morning. …
Continue reading “Market Optimism Helps Bitcoin Gain Momentum”
Metaplanet Buys 497 BTC for $43.9 Million, Total Holdings Reach 2,888 BTC
Metaplanet Inc. has expanded its bitcoin treasury, purchasing 497 BTC at an average price of $88,448 per coin, totaling $43.9 million (6.6 billion yen). This latest acquisition brings the company’s total bitcoin holdings to 2,888 BTC, purchased at an average price of $84,127 per BTC, reinforcing its aggressive accumulation strategy. Metaplanet also continues to track …
Continue reading “Metaplanet Buys 497 BTC for $43.9 Million, Total Holdings Reach 2,888 BTC”
Crypto Market Swings Wildly on Trump Policy News, Traders Cash In: Cryptoquant Report
Digital asset valuations vaulted dramatically following former President Donald Trump’s Sunday unveiling of a proposal to create a U.S. Digital Asset Reserve, incorporating bitcoin, ethereum, XRP, solana, and cardano. Bitcoin leapt nearly 10%, ethereum 13%, and XRP 34% within hours on Sunday, according to Cryptoquant analysts. The declaration ignited enthusiasm around institutional embrace, spurring frenzied …
Lutnick Hints at Diverging Crypto Reserve Policies for Bitcoin and Other Digital Assets
In remarks shared with the news publication, The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick disclosed that the forthcoming White House Crypto Summit will likely serve as the stage for unveiling the strategic crypto reserve. He also noted that certain tokens within the proposed reserve could be subject to distinct regulatory considerations, stating they may …
XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming?
As of March 5, 2025, XRP traded at $2.48, commanding a $143 billion valuation and $8.04 billion in daily activity, fluctuating between $2.30 and $2.54—a harmonious equilibrium across temporal intervals. XRP Looking at the 1 hour XRP chart, a near-term upward bias materialized as XRP charted rising minima below the $2.54 barrier. Tenacious demand at …
Continue reading “XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming?”
Ether ETFs Break 8-Day Outflow Trend With $15 Million Inflow as Withdrawals Continue for Bitcoin ETFs
Bitcoin ETFs experienced net outflows of $143 million, with major funds like Fidelity’s FBTC and Ark 21Shares’ ARKB leading the declines. In contrast, Ether ETFs ended an eight-day outflow streak, attracting $15 million in net inflows, primarily driven by Fidelity’s FETH. Bitcoin ETFs See Another Day of Withdrawals With Positive Rebound for Ether ETFs On …
Investor Chris Burniske Doubles Down on Bitcoin and Crypto, Calls Asset Class Fastest Horse in Finance
Venture capitalist Chris Burniske isn’t backing away from the crypto market despite the sector’s recent price woes. Burniske tells his 325,100 followers on the social media platform X that he thinks the current downtrend is a mid-bull market pullback. He also thinks the cycle top hasn’t arrived yet. “BTC giving up a bit more ground …
Nasdaq Files for Proposal To List and Trades Shares of Grayscale Hedera (HBAR) Trust
Crypto asset manager Grayscale Investments is advancing plans to launch an exchange-traded fund (ETF) for Hedera Network’s native token HBAR, according to a new filing. The Nasdaq Stock Market submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale Hedera Trust. ETFs allow traders to expose themselves …