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Litecoin at $102: 5.7% 24-Hour Decline Sparks Accumulation Debate Amid Key Support Levels
At the time of writing, Litecoin (LTC) is trading around $102, marking a 5.7% decline in the past 24 hours. Despite this recent drop, traders remain divided as technical indicators and on-chain metrics hint at both accumulation opportunities and short-term bearish pressures. Quick Take Litecoin is trading around $102, reflecting a 5.7% decline in the past 24 hours. Many traders still view short-term dips as opportunities to accumulate LTC, bolstered by Litecoin ETF approval hopes. Immediate support remains between $92 and $100, with a significant emphasis on maintaining the 200D-EMA. Record hash rates and declining exchange reserves indicate underlying network strength. Upcoming policy discussions and global trade dynamics continue to shape LTC’s market sentiment. After a period of significant volatility, Litecoin has rebounded from its recent dip below $100 and is now trading around $102. While this 5.7% decline over the past day has raised concerns among some investors, many see it as a transient correction within a broader accumulation phase. Earlier bullish sentiment driven by potential spot LTC ETF filings and resilient performance in February still lingers, although external factors—such as policy shifts and global trade dynamics—continue to influence LTC's price trajectory. Litecoin Technical Analysis: Key Support and Resistance LTC/USDT price chart | Source: KuCoin Litecoin’s technical landscape remains a focal point for traders. The asset has recently traded above the critical 200-day exponential moving average (200D-EMA), a line it has held since early November 2024. Despite the 24-hour drop, immediate support still appears robust in the $92–$100 range, with further backing near the $80–$88 level. The relative strength index (RSI) remains a cautionary signal, having dipped close to 38 during previous declines, which suggests that if momentum fades further, the price could test lower support levels. LTC’s On-Chain Metrics and Bullish Indicators Remain Steady Litecoin’s hashrate crossed 2.6 PH/s on March 6 | Source: CoinWarz Even with the recent 5.7% drop, several on-chain and technical indicators continue to signal underlying strength: Record Hash Rate: Litecoin’s mining activity remains robust, with the hash rate at record highs, underscoring long-term network security and miner confidence. Declining Exchange Reserves: A reduction in LTC held on exchanges indicates a trend toward long-term holding, which could mitigate selling pressure. Oversold Conditions: While the RSI had previously shown oversold levels, current adjustments are closely monitored by traders who see these signals as a precursor to potential recovery. These factors suggest that despite short-term bearish sentiment, the fundamental strength of Litecoin could pave the way for a rebound. Read more: How to Mine Litecoins: The Ultimate Guide to Litecoin Mining Policy Impact and Global Developments External developments continue to affect Litecoin’s short-term sentiment. Its earlier exclusion from the U.S. Crypto Strategic Reserve and heightened short positions remain a focal point. With the White House Crypto Summit on the horizon and significant industry players like Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong set to attend, the market is watching closely for any regulatory or policy shifts. These discussions are expected to influence investor behavior, particularly for assets like Litecoin that straddle the line between opportunity and vulnerability in a dynamic market. Litecoin’s Outlook and Price Forecast Given the current trading environment, Litecoin’s immediate path is likely to hinge on maintaining support near $100: Sustained Support: Holding above key support levels is crucial. A breach below these thresholds could invite further selling pressure. Potential for Rebound: Should buying interest intensify, LTC might rally from its current $102 level toward resistance zones around $110 and $120. Market Sentiment: A decisive bounce above the 200D-EMA could trigger a short squeeze, while sustained short-term selling may test lower supports near $85. Read more: Litecoin (LTC) Surges Past $131 on .ltc Domain Launch – Targeting a $160 Breakout by March For investors, the current environment underscores a dual narrative: cautious optimism amidst short-term volatility and long-term accumulation prospects. As Litecoin navigates these complex market conditions, traders and investors are advised to monitor both technical signals and regulatory updates closely. While the recent decline to $102 may signal caution, the broader accumulation narrative and robust on-chain fundamentals continue to offer potential upside for those with a long-term perspective.
Trump Signs Executive Order on Strategic Bitcoin Reserve, Texas Passes Bitcoin Strategic Reserve Bill, Bitwise Files S-1 to Launch Aptos ETF, and More: Mar 7
As of March 5, 2025, Bitcoin is trading at approximately $88,053.08, reflecting a 2.11% decrease over the past 24 hours. Ethereum is priced around $2,173.60, down 1.31% in the same period. Crypto markets face major shifts as technical moves and political decisions drive new strategies. On March 7, 2025, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Today, the US government holds seized crypto worth $18.28 billion with 198,109 BTC valued at $17.87 billion. Furthermore, Texas passed a Bitcoin strategic reserve bill on March 6, 2025, and Bitwise filed an S-1 form on March 5, 2025 to launch an Aptos ETF that boosted the Aptos token by 7% as it jumped from $6.06 to $6.50. Moreover, the native token of Sui surged after a deal with Trump-affiliated World Liberty Financial. This article details these developments and explains their implications for the global crypto market. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has decreased to 25, still indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. What’s Trending in the Crypto Community? President Donald Trump has signed the executive order to create a Bitcoin Strategic Reserve Ethereum’s Pectra upgrade has been activated on the Sepolia testnet, but a bug in the second "Pectra" test may delay the mainnet release. Bitwise has launched a Bitcoin and Gold hybrid ETP in Europe. Trending Tokens of the Day Trading Pair 24H Change SUI/USDT +2.81% MOVE/USDT +0.75% LEO/USDT +0.01% Trade now on KuCoin Trump Signs Executive Order on Strategic Bitcoin Reserve Source: White House US President Donald Trump signed an executive order on March 7, 2025 to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Crypto tsar David Sacks said on X, "Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve." Moreover, the order states, "The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings." The reserve will be initially funded with seized assets. Moreover, the order creates a "U.S. Digital Asset Stockpile" consisting of digital assets other than forfeited Bitcoin. Bloomberg reported earlier that Trump was expected to sign such an order during the White House Crypto Summit on March 7, 2025. Sacks described the Bitcoin reserve as "a digital Fort Knox for the cryptocurrency" and added, "It will be kept as a store of value." Furthermore, he explained that the stockpile is intended for the "responsible stewardship of the government's digital assets under the Treasury Department" and noted that the government would not acquire assets beyond those obtained through forfeiture proceedings. Trump’s earlier posts on Truth Social mentioned that the reserve would include XRP, SOL, and ADA while later posts stated that ETH and BTC would be "the heart" of the reserve. Global Implications of a US Crypto Bitcoin Reserve A US crypto Bitcoin reserve carries major global implications. Furthermore, it sets a precedent for responsible digital asset management on a national scale. Moreover, the reserve provides a model for safeguarding seized crypto assets and stabilizing market volatility. Furthermore, countries around the world will watch closely as the US leverages its large crypto holdings to bolster fiscal credibility. Moreover, this move could influence other nations to explore similar strategies and strengthen the legitimacy of digital assets as a store of value. Read more: Trump Orders Creation of U.S. Sovereign Wealth Fund: Could Bitcoin Play a Role? Texas Senate Passes Bitcoin Strategic Reserve Bill Texas state senator Charles Schwertner arguing for the merits of SB-21. Source: Bitcoin Laws On March 6, 2025 the Texas Senate passed the Bitcoin strategic reserve bill SB-21 in a 25-5 vote. Furthermore, Texas State Senator Charles Schwertner introduced the legislation to help Texas shore up its balance sheet with a valuable scarce asset. He stated, "We don’t have stacks of dollar bills and safes like we did in medieval times. What we have is digital currency." Furthermore, pro-Bitcoin lawmakers argued that Bitcoin is not a direct competitor to the US dollar but is more like gold and a hedge against inflation. Senator Schwertner explained, "I would argue, and put forth, that because of central intervention and manipulation of the supply of currency in this case the US dollar, the ability to spend money through printing money has caused the dollar to fall in value and fall in worth." Furthermore, he added that monetary inflation has caused people to lose faith in the US dollar. The bill must still be signed by the governor to become law and if enacted Texas will be the first state in the US to have a digital asset strategic reserve. Bitwise Files S-1 to Launch Aptos ETF Source: SEC On March 5, 2025 Bitwise filed an S-1 form with the SEC to launch an Aptos ETF in the US. Furthermore, the filing explains that the ETF’s net asset value will be determined using the CF Aptos-Dollar Settlement Price. Moreover, Coinbase will serve as the custodian and the fund will be cash-settled with shares created and redeemed in blocks of 10,000. The news caused the Aptos token to surge 7% as it jumped from $6.06 to $6.50. Moreover, Bitwise previously launched an Aptos exchange-traded product on the SIX Swiss Exchange in November 2024 that offers staking of the underlying tokens. Aptos acknowledged the filing on X as the "initial step toward offering an ETF linked to Aptos in the US market." Moreover, Avery Ching, CEO and co-founder of Aptos Labs, called the filing a "big first" for the Move ecosystem. Read more: Bitwise Expected to Launch New Spot Dogecoin (DOGE) ETF with SEC Filing, Boosting Crypto Market SUI Surge on Trump-Affiliated DeFi Deal Source: KuCoin The native token of Sui (SUI) surged after a strategic reserve deal with Trump-affiliated World Liberty Financial. Furthermore, the deal involves WLFI adding Sui assets to its crypto holdings and exploring product development opportunities. WLFI’s strategic token reserve already includes wrapped bitcoin, ether, TRX, LINK, MOVE, and ONDO tokens. Furthermore, SUI jumped as much as 10% to near $3 and rose about 13% in the past 24 hours. Zak Folkman, co-founder of WLFI, said, "We chose Sui for its American-born innovation combined with impressive scale and adoption." He explained that the partnership was an obvious decision as WLFI plans to support foundational DeFi assets in the coming months. Conclusion US crypto strategies are shifting as political decisions and market innovations drive new regulations and financial products. Furthermore, the executive order to create a Strategic Bitcoin Reserve positions the US as a leader in digital asset management. Moreover, Texas steps forward with its own reserve bill while Bitwise pushes the ETF frontier for Aptos and WLFI boosts SUI through strategic partnerships. Furthermore, these developments indicate growing institutional and governmental commitment to digital assets globally. In summary, these converging trends set the stage for a dynamic future in the crypto landscape as regulators and market participants navigate this evolving terrain.
Bitcoin Eyes 95K; Trump Unveils Reserve Plan, Axelar ETF S-1 Spurs 14% Surge: Mar 6
As of March 5, 2025, Bitcoin is trading at approximately $91,718.58, reflecting a 1.19% increase over the past 24 hours. Ethereum is priced around $2,272.02, up 1:13% in the same period. Crypto markets are in flux as technical indicators, political decisions, and new ETF filings converge to shape the future of digital assets. Today, Bitcoin trades at $91,718.58 USD, up $1,075.39 (1.19%), which is a sign of possible recovery. Technical charts highlight a strong hold at the 200-day SMA with patterns suggesting that Bitcoin could bounce to around $95,000 and even test $100,000. Moreover, recent political moves such as eased trade talks and potential tariff reductions by President Trump are fueling market optimism. The upcoming Trump Crypto Summit on March 7, 2025, where key industry leaders will gather to discuss regulatory strategies, underscores a shift in policy focus. In addition, ETF filings from institutions like Canary Capital and Bitwise are adding momentum across altcoins. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has decreased to 25, still indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. What’s Trending in the Crypto Community? Ethereum’s Pectra upgrade has been activated on the Sepolia testnet, but a bug in the second "Pectra" test may delay the mainnet release. BioNexus Gene Lab has launched an Ethereum financial reserve strategy, becoming the first Nasdaq-listed company focused on ETH. The Trump family’s WLFI project has purchased $25 million worth of WBTC, ETH, and MOVE tokens. Trending Tokens of the Day Trading Pair 24H Change ONDO/USDT +20.58% LINK/USDT +16.18% AAVE/USDT +15.63% Trade now on KuCoin Bitcoin Eyes $95K as Bearish Sell-Off Loses Strength BTC's daily chart. (TradingView/CoinDesk) Bitcoin holds strong at its 200-day SMA. Daily charts from Tuesday and Friday show small candle bodies and long lower wicks that suggest sellers lost control below this key average. Technical charts show bullish undercurrents for Bitcoin at key support levels, suggesting a potential market reversal as its price decline stalls at the 200-day simple moving average with weakening selling pressure, and resistance emerges at $95,000 followed by $100,000. The shape of candlesticks reflects trader sentiment, with at least two BTC candles since Friday indicating bullish signals at multi-month lows, providing a glimmer of hope for crypto bulls. Moreover, technical analysis indicates that Bitcoin may rebound from this level and surge toward a high near $95,000. Furthermore, the current price of $91,718.58 USD reinforces the notion of a bounce and renewed buyer interest. Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption Political Developments and Their Impact on Market Sentiment Political news has significantly influenced the crypto scene. Bitcoin jumped above $91,000 on March 5, 2025, as tariff talks eased. Moreover, reports suggest that President Trump might scale back tariffs on Canada and Mexico, a move that has bolstered market sentiment. Furthermore, these developments contributed to a 3% gain in Bitcoin over the past 24 hours. Political stability and proactive fiscal measures are now increasingly linked to investor confidence in the crypto market. Donald Trump to Unveil Bitcoin Reserve Strategy at White House Crypto Summit Source: X Key crypto industry figures will gather at the Trump Crypto Summit on March 7, 2025, at the White House. Moreover, Commerce Secretary Howard Lutnick confirmed that President Trump will unveil a Bitcoin reserve strategy at the event. He stated, "A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail and I think you’re going to see it executed on Friday." Lutnick also added, "So Bitcoin is one thing and then the other currencies the other crypto tokens I think will be treated differently—positively but differently." These remarks signal a forthcoming regulatory shift that will grant Bitcoin a distinct status while treating other cryptocurrencies separately. Read more: What Is a Strategic Bitcoin Reserve and How Likely Is It? At the White House Crypto Summit, prominent industry figures will gather to discuss regulatory clarity, financial innovation, and economic growth opportunities; moreover, Strategy chairman Michael Saylor confirmed on X that he has been invited to the event, with his firm holding nearly 500,000 BTC as the largest public holder of Bitcoin in the world, and furthermore, Bitcoin Magazine CEO David Bailey along with executives from leading US crypto trading platforms such as Coinbase’s Brian Armstrong, Kraken’s Arjun Sethi, and Robinhood’s Vlad Tenev will also attend. Additionally, Fox Business reporter Eleanor Terrett noted that several high-profile industry players including Chainlink co-founder Sergey Nazarov have confirmed their participation, while venture capitalists like Paradigm co-founder Matt Huang and Multicoin Capital managing partner Kyle Samani will be present, with Huang emphasizing the importance of US leadership in crypto innovation by stating, "I look forward to discussing how America can take a leadership role in promoting the principles of open crypto and enabling builders in ecosystems such as Bitcoin, Ethereum and Solana." Read more: Strategy's $2B and Metaplanet’s $6.6M Bitcoin Purchase, XRP ETF Approval in Brazil, Opensea’s NFT Market Revival with $SEA Token: Feb 21 Canary Capital submitted an S-1 registration with the SEC for an Axelar ETF causing Axelar 14.04% Surge Source: KuCoin New ETF filings are contributing further to market momentum. On March 5, 2025, Canary Capital submitted an S-1 registration with the SEC for an Axelar ETF. Moreover, Axelar’s token surged by 14.04% within minutes and now trades near $0.43. Furthermore, the platform connects blockchains such as Ethereum, Arbitrum, and Optimism and has recently exceeded $1 billion in total value locked. Similar moves occurred when Bitwise filed an S-1 for an Aptos-based ETF, highlighting growing institutional interest in regulated crypto products. Conclusion Crypto markets are at a pivotal juncture as technical analysis, political events, and institutional ETF filings reshape the future of digital assets. Moreover, Bitcoin's current price of $91,718.58 USD and its strong hold at the 200-day SMA indicate a promising recovery and renewed buyer interest. Eased trade talks and the upcoming Trump Crypto Summit on March 7, 2025, add clarity to the regulatory landscape and reinforce market optimism. In addition, ETF filings signal that institutional support for altcoins is growing steadily. In summary, these converging trends set the stage for a dynamic future in crypto markets, where technical strength, political clarity, and innovative financial products drive investor confidence and market growth.
Ethereum Pectra Upgrade Nears Mainnet: Validator Stake Cap Rises from 32 ETH to 2,048 ETH
Ethereum’s groundbreaking Pectra upgrade, featuring 11 major improvements, has successfully passed the Sepolia testnet with key updates such as raising the validator stake limit from 32 ETH to 2,048 ETH and enabling smart contract functionality for wallets. Despite promising progress, recent testnet misconfigurations and market volatility have raised concerns over the final timeline for the mainnet deployment. Quick Take Pectra includes 11 key Ethereum Improvement Proposals (EIPs) aimed at enhancing staking, wallet functionality, and overall network efficiency. EIP-7251 increases the maximum stake from 32 ETH to 2,048 ETH, streamlining the staking process and potentially reducing infrastructure costs. EIP-7702 enables wallets to function as smart contracts, allowing for stablecoin fee payments and automated transactions. Although the Sepolia testnet deployment was a milestone, misconfigurations leading to empty blocks have raised concerns about the mainnet timeline. Following a recent price rebound from $1,996 to $2,260, Ethereum’s upgrade is expected to drive increased institutional adoption amid market volatility. Changes Expected in the Ethereum Pectra Upgrade Ethereum’s long-anticipated Pectra upgrade represents the most significant enhancement to the network since 2024. This comprehensive update integrates 11 Ethereum Improvement Proposals (EIPs) designed to boost staking efficiency, improve wallet functionalities, and enhance overall network performance. One of the standout components of the Pectra upgrade is EIP-7251, which increases the maximum ETH that can be staked per validator from 32 ETH to an impressive 2,048 ETH. This adjustment streamlines the staking process by eliminating the need for splitting stakes across multiple nodes and has the potential to reduce infrastructure costs by up to 50%. Equally transformative is EIP-7702, which introduces smart contract capabilities for wallets. This feature is set to revolutionize user experience by allowing wallets to process transactions in stablecoins, enable automatic recurring payments, and offer enhanced security measures like simplified recovery options. Read more: What Is Ethereum Pectra Upgrade Set to Launch in March 2025? Testnet Trials: Sepolia’s Successful Milestone and Holesky’s Critical Misconfigurations The journey toward mainnet deployment has encountered both milestones and hurdles. On March 5, Pectra was successfully deployed on the Sepolia testnet at 07:29 UTC, with validators achieving a perfect proposal rate—a promising sign for the upgrade's robustness. However, misconfigurations with a custom deposit contract led to the propagation of empty blocks shortly after launch. This technical glitch mirrors previous issues encountered on the Holesky testnet, where validator misconfigurations resulted in a temporary chain split and subsequent delays. Developers are actively monitoring these anomalies, with critical meetings scheduled to determine the mainnet release timeline. While the technical progress is encouraging, some experts advocate for additional testing to ensure stability, especially as Ethereum faces stiff competition from emerging networks like Solana. Ethereum Rebounds Above $2,200 Amid Market Volatility ETH/USDT price chart | Source: KuCoin The upgrade comes at a time when Ethereum's price performance is a focal point for investors. ETH prices recently rebounded sharply from a low of $1,996, climbing to around $2,260—a 12% jump over 24 hours. However, despite this recovery, Ethereum has faced broader market volatility and underperformance relative to competitors, adding an extra layer of scrutiny to the upgrade's potential impact on market sentiment. Investors are now watching closely to see if the technical enhancements introduced by Pectra can translate into more sustained price gains and improved network activity. How Will the Pectra Upgrade Impact Ethereum Price? Beyond its technical merits, the Pectra upgrade is a strategic move to bolster institutional interest in Ethereum. Enhanced staking flexibility is paving the way for the possibility of the first staked Ether ETFs, which could attract significant institutional capital. This move may help alleviate some bearish sentiment, particularly as ETH has recently underperformed relative to other major cryptocurrencies. As Ethereum developers work to resolve the remaining technical challenges, the community remains optimistic that the Pectra upgrade will not only fortify the network’s infrastructure but also reinvigorate investor confidence, setting the stage for Ethereum’s next chapter in market dominance and innovation. Read more: Ethereum 2.0 Upgrade: A New Era for Scalability and Security
Bitcoin Surges to 88K Amid Trade Tensions, WhiteRock's 71% Rally, and Trump’s Crypto Summit Featuring Coinbase, Chainlink, Robinhood & Exodus: Mar 5
As of March 5, 2025, Bitcoin is trading at approximately $87,518.25, reflecting a +0.62% increase over the past 24 hours. Ethereum is priced around $2,185.96, up +0.68% in the same period. This article reviews rapid shifts in the crypto market on March 5, 2025. Bitcoin has rebounded from a 10% drop, supported by key technical signals such as a $10,000 daily candle and a significant CME futures gap. Meanwhile, the US crypto reserve plan confirmed by President Donald Trump is expected to include major cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP. Adding to the positive momentum, WhiteRock has surged by 71.26%, with its token now trading at $0.001294 and a market cap of $841.49 million. The landscape is further energized by Trump’s inaugural crypto summit, which will feature top executives from Coinbase, Chainlink, Exodus, and other leading firms. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has decreased to 20,indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. What’s Trending in the Crypto Community? Metaplanet raised approximately $87 million to increase its Bitcoin holdings. Industry leaders, including Michael Saylor, Coinbase CEO, and Robinhood CEO, have confirmed their attendance at the White House Cryptocurrency Summit. Trending Tokens of the Day Trading Pair 24H Change ADA/USDT +21.66% AAVE/USDT +21.65% JTO/USDT +10.58% Trade now on KuCoin Bitcoin Price Recovery to 88K and Core Technical Signals Source: KuCoin Bitcoin is trading at $87,518.25 USD today with a rise of +184.74. Bitcoin recovered from a seismic liquidation event to reclaim $90,000. It now rides within a familiar range fueled by a US crypto strategic reserve confirmed by President Donald Trump. Furthermore, Bitcoin will join Ether and other altcoins in the reserve. The upcoming White House Crypto Summit will reveal more details. Bitcoin formed a $10,000 daily candle. A short-term target is $85,000. Wall Street opens with strong focus. US employment reports and a speech from Fed Chair Jerome Powell add volatility. A Coinbase premium rebound hints at rising demand. Sentiment remains cautious as measured by the Crypto Fear & Greed Index. As Bitcoin claws its way back, a giant CME futures gap and a $10,000 daily candle offer an unexpected start to the week for Bitcoin traders. The range returns but bulls face challenges. The coming days will bring surprises as external volatility grows and market participants react to technical signals. Bitcoin Rebounds to 88K Amid Market Turbulence Bitcoin and the wider crypto market rebounded from losses as fears over Trump’s crypto reserve eased. Bitcoin climbed to $88,900 on March 5, 2025 after dipping to a daily low of $81,500 earlier. It recovered most losses of the past 24 hours. CryptoSlate data shows Bitcoin trading at $87,524 as of press time with a 2% rise after a nearly 10% drop earlier. Ethereum climbed to $2,217 before retracing to $2,176 with a 2.5% rise over 24 hours. BNB rose by 2.87% to trade at $584. XRP climbed over 7% to trade at $2.47. Solana rose 2.4% to $145.54 after falling to a daily low of $130. Cardano rose 11% to trade at $0.94. Read more: What Is a Strategic Bitcoin Reserve and How Likely Is It? US Crypto Reserve and Market Volatility The recovery follows a week of high volatility. On March 2, 2025 President Donald Trump announced a US Crypto Strategic Reserve. Furthermore, the reserve will hold Bitcoin, Ethereum, Ripple’s XRP, Solana and Cardano. The announcement sent Bitcoin soaring to nearly $94,000 and sparked market optimism. The rally did not last as participants remained cautious of risks. The surge showed growing nation-state interest in crypto. Some worry about centralization in the proposed coins. Reactionary tariffs against the US deepened market losses across equities. Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption WhiteRock (WHITE)’s Explosive 71.26% Rally Source: Coinmarketcap WhiteRock experienced a 71.26% rally in 24 hours. Its current price stands at $0.001294. The project secured direct integration with securities exchanges such as NASDAQ and NYSE. It is the first tokenization platform to offer true T+0 settlement for listed securities. WHITE was also listed on KCEX and BingX with spot trading starting on March 4, 2025 and March 5, 2025. Institutional adoption and market accessibility drove the rally. WHITE has a market cap of $841.49M. Its 24-hour trading volume is $43.9M. Its circulating supply is 650B WHITE. Trump’s Crypto Summit and Industry Leadership: Coinbase, Chainlink, and Exodus to Attend Source: Getty Images Executives from Coinbase, Chainlink, Exodus and others will attend President Donald Trump’s first White House crypto summit on March 7, 2025. Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Exodus CEO J.P. Richardson and Strategy Chairman Michael Saylor have confirmed their attendance. They will also feature "big donors" according to sources. Robinhood CEO Vlad Tenev hinted his attendance by posting a screen capture from the movie National Treasure on X with the caption "see you soon, DC." Trump will host the summit along with his crypto and AI czar David Sacks and Bo Hines from the President’s Working Group on Digital Assets. The SEC dropped its enforcement suit against Coinbase and Robinhood. Coinbase donated $1M and Robinhood donated $2M to Trump’s inaugural committee. Other firms such as Ripple and Circle made large donations. A Ripple spokesperson referred CoinDesk to the White House while Circle did not comment. Source: David Sacks on X Another report stated that Coinbase CEO Brian Armstrong and Kraken co-CEO Arjun Sethi will attend the summit in Washington, DC. The summit will start at 1:30 PM ET. Strategy founder Michael Saylor, Exodus CEO J.P. Richardson and Paradigm co-founder Matt Huang will join. Huang said on X "I look forward to discussing how America can take a leadership role in promoting the principles of open crypto and enabling builders in ecosystems such as Bitcoin BTC +4.15% and Ethereum and Solana." The summit will also address Trump’s push for a working group to "move forward" on a "Crypto Strategic Reserve." Trump proposed that the reserve hold "U.S.-based coins" including Cardano, Solana and XRP along with Bitcoin and Ethereum. Some experts question if altcoins match Bitcoin and Ethereum in decentralization and developer activity. The summit comes as the SEC makes changes following the departure of former SEC Chair Gary Gensler in January. The SEC dropped lawsuits against Kraken, Consensys and Coinbase and ended probes into Gemini and Yuga Labs. Cumberland DRW said on Tuesday that the SEC dropped its lawsuit against it. A White House statement said "After the previous administration unfairly prosecuted the digital asset space, President Trump’s policy vision represents a new era for digital financial technology." Source: Michael Saylor Read more: Top Types of Stablecoins You Need to Know in 2025 Conclusion The crypto market shows a mix of technical recovery and strategic shifts amid 10% daily drops and rebounds of 2% to 11% in major cryptocurrencies. Bitcoin has recovered from a dip as low as $81,500 to trading near $87,500. Ethereum, BNB, XRP, Solana and Cardano recorded gains between 2.5% and 11%. WhiteRock’s 71.26% rally and trading volume of $43.9M mark significant institutional momentum. The US Crypto Strategic Reserve and Trump’s summit with over 10 key industry leaders underscore a policy push that could reshape market dynamics. The volatile landscape of nearly 10% daily swings and technical signals like the $10,000 daily candle call for careful monitoring and strategic planning. Participants are advised to watch these developments closely as the market continues to evolve rapidly in a fast-changing world.
Bitcoin Drops Below $84K Amid Market Selloff, VC Trends Highlight Web3 Gaming Boom: Mar 4
Bitcoin and the broader crypto market faced sharp corrections as total market capitalization plunged by over 10% in the last 24 hours. Meanwhile, venture capital investors continue to pour funds into DePIN projects, Web3 gaming, and layer-1 RWAs. Quick Take The global crypto market cap dropped 10.28% to $2.76T, with total 24-hour trading volume at $184.38B. Bitcoin dominance rose by 0.69% to 60.41% as BTC slid below $84K. Major venture capital rounds focused on DePIN, Web3 gaming, and RWA tokenization, with Alchemy, Mavryk, Rho Labs, and ACID Labs securing funding. The SEC dropped its lawsuit against Kraken, marking another regulatory shift in the U.S. Trump’s crypto reserve plans sent ADA futures soaring, with $26M in open positions on Bitrue. XRP retraced most of its recent gains amid a record wave of whale sell-offs. The crypto market saw a major downturn, with Bitcoin dropping below $84,000. The total market cap fell 10.28% to $2.76T, while total trading volume declined slightly to $184.38B. DeFi volumes stood at $10.27B (5.57% of the total), while stablecoins dominated trading with $171.43B (92.98% of total volume). Bitcoin’s dominance climbed to 60.41%, signaling investor rotation away from altcoins as uncertainty looms over major regulatory and macroeconomic developments. Venture Capitalists Bet Big on DePIN, Web3 Gaming, and RWAs Despite the downturn, venture capital activity remains strong. Alchemy announced a $5M Web3 adoption fund, while Mavryk Dynamics raised $5M to advance layer-1 RWA tokenization. Rho Labs secured $4M for its decentralized rates exchange, and ACID Labs raised $8M from a16z Speedrun for Web3 gaming. Highlights From Recent VC Rounds in Web3 Alchemy: Launched a $5M "Everyone Onchain Fund" for Ethereum developers. Mavryk Dynamics: Secured $5M to tokenize RWAs, boasting $360M already locked in. Rho Labs: Raised $4M to develop a decentralized derivatives market. Teneo Protocol: Closed a $3M seed round to democratize social media data. Fluent Labs: Secured $8M for Ethereum layer-2 scaling solutions. The Game Company: Raised $10M to build cloud gaming infrastructure for blockchain gaming. ACID Labs: Received $8M from a16z to scale its Web3 social gaming projects. SEC Drops Kraken Lawsuit, Signaling Regulatory Shift The U.S. SEC dismissed its lawsuit against Kraken, a move seen as a step toward regulatory clarity. The case was dismissed with prejudice, meaning no penalties or admissions of wrongdoing were made by the exchange. This follows a series of dropped lawsuits against Coinbase, Gemini, and Uniswap, indicating a changing stance on crypto enforcement in the U.S. Read more: Uniswap’s Fiat Off-Ramp Now Live in 180+ Countries with $4.2B TVL Amid Regulatory Win Bitcoin’s Trump Rally Mirrors 2019 ‘Xi Pump’—Will It Hold? Bitcoin price and open interest over the past seven days | Source: CryptoQuant Bitcoin’s recent rally following Trump’s crypto reserve announcement has drawn comparisons to the infamous 2019 "Xi pump," where China’s blockchain endorsement triggered a rapid but short-lived BTC surge. Despite market turbulence, institutional Bitcoin accumulation continues. Japanese investment firm Metaplanet announced a fresh Bitcoin purchase, acquiring 250 BTC worth approximately $21 million at an average price of $84,000 per BTC. This marks Metaplanet's third BTC purchase in 2025, reinforcing its strategy of holding Bitcoin as a treasury asset amid growing institutional adoption. Bitcoin’s current price action | Source: CryptoQuant Analysts warn that Bitcoin’s price action remains in a distribution phase, with key support at $91,000 and resistance at $95,000. A failure to reclaim these levels could trigger new lows. However, Metaplanet’s move highlights continued corporate confidence in Bitcoin’s long-term value, potentially providing support to BTC’s price action. Key Indicators BTC closed at $94,222 but struggled to maintain momentum. Short-term holder profitability is breakeven, increasing downside risks. Metaplanet acquired 250 BTC, signaling growing institutional confidence. Market sentiment remains fragile despite Trump’s pro-crypto stance. Read more: Trump’s Crypto Reserve Plans Sends Bitcoin to $95K, Altcoins Surge, and BTC Dominance Dips Under 60% ADA Futures Surge 92% Following Trump’s Crypto Reserve Announcement ADA futures open interest | Source: CoinGlass Cardano (ADA) futures saw a surge in long positions after Donald Trump announced plans to include ADA in a U.S. strategic crypto reserve alongside BTC, ETH, XRP, and SOL. Open interest in ADA futures on Bitrue soared to $26M, up from a daily average of $15M. Market analysts believe this could be a speculative play, with long-term sustainability of the rally uncertain. ADA remains below its previous all-time highs, and its ecosystem has yet to deliver the level of adoption seen on Ethereum and Solana. XRP Whales Dump Holdings as Price Drops Below $2.50 Source: Cointelegraph XRP retraced 50% of its recent rally, with on-chain data indicating a record level of whale distribution. Analysts noted an increase in XRP reserves on Binance from 2.72B to 2.90B tokens, indicating rising selling pressure. Despite the pullback, some traders believe XRP could rebound if it holds above the $2.50 support level, while others warn of further downside risk. Read more: BTC Surges as Trump Expands Crypto Reserve, XRP Rallies 30%, BlackRock Adds $150B Bitcoin: Mar 3 Conclusion The crypto market faces heightened volatility, with BTC slipping below $84K and altcoins struggling to sustain gains. Despite the downturn, venture capital interest in Web3 gaming and DePIN projects remains strong. Regulatory shifts in the U.S. and Trump’s pro-crypto policies could provide long-term tailwinds, but traders remain cautious about near-term price movements. Stay updated with KuCoin News for more crypto market insights and analysis.
BTC Surges as Trump Expands Crypto Reserve, XRP Rallies 30%, BlackRock Adds $150B Bitcoin: Mar 3
As of March 3, 2025, Bitcoin is trading at approximately $93,768.47, reflecting a +9.53% increase over the past 24 hours. Ethereum is priced around $2,479.65, up 13.56% in the same period. The digital finance world is evolving fast. On February 28, 2025, Bitcoin active addresses soared to 912,300. Bitcoin’s growing active addresses may signal a turning point for the crypto market after the latest correction. Bitcoin now trades at $93,768.47. President Trump has mandated that key crypto assets join a US crypto reserve. Assets such as Bitcoin, Ethereum, Solana, Cardano, and XRP are now part of a government-backed portfolio. Meanwhile, the Trump Organization has filed for a metaverse and NFT marketplace. BlackRock has also expanded Bitcoin exposure in its US model portfolios valued at 150B. These moves, including ETF flows of $36B and daily trades of $418M, signal a major shift for US and global digital finance. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has increased to 33, still indicating a fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. However, there is upside potential with the current announcement of the U.S. crypto reserve today. What’s Trending in the Crypto Community? President Donald Trump directed the Presidential Task Force to advance a cryptocurrency strategic reserve, including Bitcoin, Ethereum, Solana, Cardano, and XRP as core components. Crypto Czar David Sacks: President Trump is fulfilling his promise to make the U.S. the global hub for cryptocurrency. Ethereum Foundation: Appointed Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors. Trending Tokens of the Day Trading Pair 24H Change LEO/USDT +3.81% OM/USDT +20.10% BERA/USDT +2.91% Trade now on KuCoin March 2 Bitcoin Surge and Price Outlook Bitcoin number of active addresses. Source: Glassnode On February 28, 2025, Bitcoin active addresses reached over 912,300. This milestone was last seen on December 16, 2024 when Bitcoin traded near $105,000. Glassnode data reported Bitcoin at $94,014. Tariff announcements by Trump had signaled a bearish outlook at first. Now, with the official US crypto reserve, market sentiment has shifted. Bitcoin currently trades at $93,768.47 and technical data points to strong upside potential. Trump Mandates New Crypto Reserve Assets: XRP, SOL, ADA Source: Truth Social - Donald J. Trump On March 2, 2025, President Trump announced that the US crypto reserve will include Bitcoin, Ethereum, Cardano, XRP. and Solana. He stated, “A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration” and later confirmed that Bitcoin and Ethereum would be at the center of the new reserve. This mandate matters in the US because it lays the foundation for clearer regulations and enhanced investor protection. Globally, this move boosts crypto legitimacy and encourages institutional participation. Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption The New U.S. Crypto Reserves’ Global and US Impact Trump’s mandate to include new assets in the US crypto reserve carries weight both in the US and globally. In the US, the initiative provides regulatory backing and strengthens investor protection. Internationally, it boosts crypto legitimacy and may prompt other governments to follow suit. Institutional players are likely to adjust their portfolios in response. The market is already reflecting these shifts with flows such as 36B net in ETFs and daily trades of 418M, marking a significant financial reorientation. Read more: What Is a Strategic Bitcoin Reserve and How Likely Is It? XRP’s 30% Rally and Investor Optimism XRP Price Analysis. Source: TradingView XRP Price DAA Divergence. Source: Santiment Following the crypto reserve announcement today, XRP surged by 30% on March 2, 2025. Technical indicators such as the Price DAA Divergence signal a clear buy. Investor participation increased and XRP traded at 2.79 while nearing a resistance level of 2.95. A breakout could drive XRP to 3.00 and eventually test an all-time high of 3.40. The Chaikin Money Flow indicator shows robust inflows that back this bullish trend. XRP CMF. Source: TradingView Trump Organization Digital Expansion into the NFT Marketplace Source: United States Patent and Trademark Office On February 24, 2025, the Trump Organization filed a trademark via DTTM Operations LLC with the US Patent and Trademark Office. The filing details plans for a metaverse environment and an NFT marketplace. The digital ecosystem will offer branded digital wearables, virtual dining establishments, interactive venues, and educational services in business, real estate, public service, and fundraising. This move builds on earlier projects like the Official TRUMP memecoin and World Liberty Financial. Trump Media and Technology Group also filed for crypto investment products and NFT collectibles. The Trump-backed firm Truth.Fi plans to invest up to 250M in blockchain projects. This integrated digital platform may launch by late 2025 and reshape consumer interactions with virtual and tangible assets. BlackRock Boosts Bitcoin Exposure with IBIT Source: Google BlackRock has added Bitcoin to its US model portfolios valued at $150B through the iShares Bitcoin Trust ETF (IBIT). As of December 17, 2024, the ETF recorded over 36B in net flows. A report from the BlackRock Investment Institute identified a 1 to 2 allocation as reasonable given Bitcoin’s volatility. Michael Gates stated, “We believe Bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios” On February 26, 2025, the ETF experienced its largest daily outflow of 418M. Despite this, the fund holds over 48B in assets and nearly 40B in net flows. BlackRock doubled its Bitcoin exposure in its Global Allocation Fund last year, reporting 430,770 shares of IBIT compared to 198,874 shares in the previous quarter. Read more: Strategy's $2B and Metaplanet’s $6.6M Bitcoin Purchase, XRP ETF Approval in Brazil, Opensea’s NFT Market Revival with $SEA Token: Feb 21 Conclusion The crypto market is entering a decisive phase. On February 28, 2025, Bitcoin active addresses hit 912,300 and Bitcoin now trades at $93,768.47, pointing to significant upside potential. President Trump’s decision to include Bitcoin, Ethereum, Solana, Cardano, and XRP in the US crypto reserve sets the stage for clearer regulation and enhanced investor protection. XRP surged by 30% on March 2, 2025 as technical indicators spurred investor optimism. Strategic moves by the Trump Organization, including plans for a metaverse and NFT marketplace, and BlackRock’s integration of Bitcoin in its 150B US model portfolios with ETF flows of 36B and daily outflows of 418M, illustrate a comprehensive transformation. These interlinked developments solidify market confidence and have far-reaching implications for digital asset markets in the US and worldwide. Read more: Trump’s Crypto Reserve Plans Sends Bitcoin to $95K, Altcoins Surge, and BTC Dominance Dips Under 60%
Trump’s Crypto Reserve Plans Sends Bitcoin to $95K, Altcoins Surge, and BTC Dominance Dips Under 60%
Donald Trump’s announcement to include XRP, Solana, and Cardano in the US Crypto Strategic Reserve sparked immediate market volatility, with Bitcoin’s dominance dropping from 55.4% to 49.6% while selected altcoins surged dramatically. The move, later bolstered by the inclusion of Bitcoin and Ether at the reserve’s “heart,” has ignited both market euphoria and expert criticism regarding the future focus of America’s crypto reserves. Quick Take Bitcoin dominance fell below 50% on Sunday, reflecting an immediate market shift, before recovering under 60%. Altcoins such as Cardano and XRP saw gains of 60.3% and 34.7% respectively over 24 hours. President Trump’s reserve now includes BTC, ETH, XRP, SOL, and ADA, blending traditional crypto with altcoins. Experts warn that a Bitcoin-only reserve would have been more logical for long-term strategic value. The upcoming White House Crypto Summit on March 7 aims to address these regulatory and strategic challenges. Trump’s Crypto Reserve Announcement Drives Altcoin Rally Crypto market cap recovers past $3 trillion after Trump’s crypto reserve plans | Source: CMC President Donald Trump recently revealed that his administration’s Working Group on Digital Assets would incorporate a selection of cryptocurrencies—namely XRP, Solana, and Cardano—into a new “Crypto Strategic Reserve.” The news not only propelled Bitcoin to a remarkable $95,000, showing an approximate 10% surge, but also led to an immediate drop in its market dominance from 55.4% to 49.6%. Investors responded swiftly, with altcoins witnessing significant gains that underscored the market’s readiness to embrace a diversified digital asset strategy. Cardano Surges By Over 60%, XRP Gains 27% ADA/USDT, XRP/USDT price charts | Source: TradingView The inclusion of altcoins has redefined market dynamics as Cardano experienced a 60.3% rally and XRP climbed by 34.7% within 24 hours. Solana and Ether also recorded substantial increases, at 25.5% and 13.1% respectively, highlighting the heightened volatility and potential rewards within the altcoin sector. This diversification into assets beyond Bitcoin reflects a broader trend in the crypto market, where investors are increasingly seeking opportunities outside the traditional digital gold narrative, despite the inherent risks. Criticism for Crypto Reserve vs. Bitcoin Reserve Investor sentiment has been notably mixed following Trump’s decision. While many celebrate the rapid price surge of Bitcoin and the bullish run of select altcoins, prominent market analysts and Bitcoin purists have voiced concerns. Source: X Critics such as Peter Schiff have questioned the logic behind including assets like XRP in a national reserve, arguing that Bitcoin’s status as “digital gold” should make it the sole focus. Meanwhile, industry experts like Jeff Park from Bitwise and Nick Neuman of Casa contend that a Bitcoin-only reserve would better align with long-term strategic goals, hinting at potential adjustments as the market evolves. Regulatory Implications and Policy Debates The announcement is part of a broader initiative led by the newly formed Working Group on Digital Assets, which is set to culminate in the first White House Crypto Summit on March 7. This summit will bring together industry leaders, regulatory experts, and policymakers to deliberate on the future of digital asset regulation, stablecoin oversight, and strategic reserve composition. The initiative also comes at a time when state-level Bitcoin reserve bills are gaining traction, though some analysts caution that without a significant purchase plan or policy shift, these legislative measures may remain largely symbolic. Read more: What Is a Strategic Bitcoin Reserve and How Likely Is it? Looking Ahead: Future of the US Crypto Reserve As discussions continue at the upcoming summit, market watchers are eager to see if the administration will lean further into a diversified asset strategy or pivot to a more Bitcoin-centric approach. The changing regulatory landscape and the current administration's stance on blockchain innovation suggest that the US is poised to become a global hub for digital assets. With the potential for further volatility and regulatory shifts, investors are advised to stay alert as policy developments could dramatically reshape the future of crypto assets in the national financial ecosystem. Trump’s move to create a Crypto Strategic Reserve marks a significant moment in the evolution of digital asset policy in the United States. As Bitcoin celebrates a new high of $95,000 and altcoins make dramatic gains, the coming weeks will reveal whether the nation’s strategic approach to crypto can balance innovation with stability in an increasingly competitive market. Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption
BTC at $80K; Texas Clears Bitcoin Bill; Bitwise Spurs 8% Aptos Rally; Metaplanet Converts $2B Yen to $15.3M BTC: Feb 28
As of February 26, 2025, Bitcoin is trading at approximately $80,725.14, reflecting a -4.47% decrease over the past 24 hours. Ethereum is priced around $2,307, down +1.22% in the same period. This article examines a volatile crypto market where Bitcoin trades at $80,725.14 and put option contracts worth $4.9B are set to expire on February 28, 2025. It details a $425M liquidation in just four hours, state moves such as Texas Senate SB21 approved on February 27, 2025 at 12:00 a.m. UTC, and a spot ETF filing for Aptos that spurred an 8% rally to $6.15 on February 26, 2025. Tokyo based Metaplanet raised $15.3M from a 2B yen bond issue to target holdings of 10,000 BTC by year end and 21,000 BTC by 2026. The numbers are stark with a stock surge of 2,127.78% over 365 days and massive outflows of $1B from ETFs. These figures and actions drive a market that forces traders and institutions to act with bold, rapid moves. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has increased to 16, indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. What’s Trending in the Crypto Community? Texas Senate Banking Committee Clears Bitcoin Reserve Bill for Floor Vote Bitwise Sparked 8% Aptos Rally with Potential ETF Metaplanet Converts $2B Yen in Bonds to Raise $15.3M to buy more BTC Trending Tokens of the Day Trading Pair 24H Change LEO/USDT +3.81% OM/USDT +20.10% BERA/USDT +2.91% Trade now on KuCoin BTC Market Hedging and Price Declines to 80K in a Volatile Environment Source: X Bitcoin now stands at $80,725.14. In the last 24 hours it lost $4,017.34 or 4.74% of its value. Options data shows put options at a strike price of $70,000 hold the second highest open interest at $4.9B. A total of $4.9B in contracts will expire on February 28, 2025. Bitcoin tumbled roughly 20% from its record high since Donald Trump’s January inauguration. Liquidations reached $425M in four hours in New York at 3:30 p.m. Over 2B in bullish positions were wiped out in three days. Bitcoin fell for a fourth day by 5.6% to $83,744. The overall drop now reaches about 13% in four days. Ether lost around 7% while Solana lost 10%. Spot Bitcoin ETFs saw outflows of $1B on Tuesday. Chris Newhouse director of research at Cumberland Labs said: “Tariff policies are further dampening the [Bitcoin] outlook and stubbornly high short-term inflation expectations add to the overall caution.” Bohan Jiang head of over-the-counter options trading at Abra explained: “This is a mix of spot selling and basis unwind.” Together these remarks show that fast market moves and rapid liquidations force traders to hedge aggressively and reposition quickly. Read more: What Is a Strategic Bitcoin Reserve and How Likely Is It? Texas Senate Banking Committee Clears Bitcoin Reserve Bill for Floor Vote Page one of SB-21 establishing a Bitcoin and digital asset reserve. Source: Texas State Senate The Texas Senate Banking Committee approved Senate Bill 21 on February 27, 2025 at 12:00 a.m. UTC. The bill creates a state managed reserve for Bitcoin and other digital assets. The Texas Comptroller of Public Accounts now can acquire trade and manage cryptocurrencies. Lawmakers believe holding Bitcoin will protect state funds from inflation and economic shocks. The bill states: “Bitcoin and other cryptocurrencies can serve as a hedge against inflation and economic volatility.” More than 20 states have introduced proposals for Bitcoin asset reserves. Oklahoma, Arizona and Utah are advancing similar measures while Montana, North Dakota and Wyoming have rejected such proposals over volatility concerns. These moves show that state funds are looking to diversify assets and guard against economic instability. Republican Rep. Giovanni Capriglione added, “The proposal is a starting point, with room for further development as it gains legislative support.” Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption Bitwise Sparked 8% Aptos Rally with Potential ETF Source: Aptos TVL DefiLlama Bitwise registered a spot ETF for Aptos on February 26, 2025. The move sparked an 8% surge in the Aptos token that reached $6.15. While Bitcoin and Ethereum fell over 3% during this period Aptos outperformed the top 50 digital assets. Bitwise may soon file an S-1 application with the SEC to launch the first US ETF holding Aptos tokens directly. Bitwise already offers ETFs for Bitcoin and Ethereum. Data from Token Terminal shows more than 6M unique addresses used by Aptos applications in the past 30 days. This development signals rising investor interest in innovative digital products and marks a turning point in crypto fund management. Metaplanet Converts $2B Yen in Bonds to Raise $15.3M to Buy BTC Source: X Tokyo based Metaplanet is on a rapid Bitcoin buying spree. The firm issued $2B yen in bonds to raise $15.3M. At a price of $86,500 per Bitcoin the issuance nets about 153 BTC. CEO Simon Gerovich polled investors on X and the vast majority voted to buy more Bitcoin. The firm introduced new performance indicators called BTC Gain and BTC ¥ Gain. Gerovich explained “It isolates the impact of our capital allocation strategy from shareholder dilution.” Metaplanet acquired an extra 135 BTC at an average of 14.3M yen each. It now holds 2,235 BTC which is 22.35% of its target of 10,000 BTC for this year. The goal is to reach 21,000 BTC by 2026. A 10 for 1 stock split will take effect on April 1, 2025 to boost liquidity. In one trade the firm bought 68.59 BTC at an average of $96,335 per token. Its total holdings now approach 2,100 BTC. A week after raising 4B yen the firm purchased 269.43 BTC at an average of $97,811 per token. Metaplanet has received praise from Michael Saylor and Capital Group acquired a 5% stake. The firm issued 21M shares of discount moving strike warrants to raise 116B yen which equals $745M. This is the largest capital raise in Asian equity markets for further Bitcoin acquisitions. Its stock surged 2,127.78% in the past 365 days even though it fell 34.58% in the last five days. In another move the firm sold 233 BTC put options at a strike price of $62,000 that expire on December 27, 2024. Gerovich stated, “Bitcoin is a volatile asset and this volatility creates opportunities for us to generate more Bitcoin. Our income strategy allows us to capitalize on these market movements and earn premiums that help us increase our Bitcoin holdings without relying solely on direct purchases.” Later the firm acquired 107.913 BTC for nearly $7M and purchased 38.46 BTC for 300M yen which equals $2M. Metaplanet partnered with SBI Group to secure compliant custody services that improve tax efficiency. It took out a 1B yen loan which equals $6.7M at an interest rate of 0.1% per annum. The loan will be repaid in a lump sum. A new initiative will offer common shareholders up to 10B yen which equals $69M in unlisted stock acquisition rights. Of this 8.5B yen or $59M is dedicated to additional Bitcoin investments. In July 2024 the firm bought 20.38 BTC for $1.24M then 42.47 BTC for $2.5M and 21.88 BTC for $1.3M when Bitcoin was below $60,000. After shifting from property and hotel development in April 2024 its stock surged 89% and its market cap now exceeds $1B. These aggressive moves show that Metaplanet is set to become a major Bitcoin treasury company in Japan. Read more: Strategy's $2B and Metaplanet’s $6.6M Bitcoin Purchase, XRP ETF Approval in Brazil, Opensea’s NFT Market Revival with $SEA Token: Feb 21 Conclusion The crypto market forces traders and states to act with speed. Hedging strategies now involve options worth $4.9B and liquidations of $425M in hours. State officials are creating digital asset reserves to protect public funds and diversify holdings. ETF innovations bring emerging tokens like Aptos into the spotlight with 6M unique addresses and an 8% rally to $6.15. Aggressive moves by firms like Metaplanet drive capital raises of up to $745M and target holdings of 10,000 BTC by year end and 21,000 BTC by 2026. With stock surges of 2,127.78% and outflows of $1B from ETFs the numbers are stark and the moves are bold. The market remains volatile yet full of opportunity for investors and institutions alike.
Uniswap’s Fiat Off-Ramp Now Live in 180+ Countries with $4.2B TVL Amid Regulatory Win
Uniswap has launched its native fiat off-ramps—integrating with Robinhood, MoonPay, and Transak—enabling seamless crypto-to-bank transfers for users in over 180 countries. The development comes on the heels of Uniswap’s recent platform upgrades, including v4 and Unichain Layer 2, as well as a significant regulatory victory with the SEC dropping its investigation. Quick Take The new fiat off-ramp is available to users in over 180 countries, expanding Uniswap’s accessibility. Users can convert crypto to fiat and deposit directly into their bank accounts with just a few clicks. Integrations with Robinhood, MoonPay, and Transak simplify the crypto-to-cash transition. While UNI token prices dipped amid broader market trends, the platform’s TVL remains robust at $4.2 billion. The SEC’s decision to drop its investigation provides a significant boost to Uniswap and the DeFi community. Uniswap Partners with Robinhood, MoonPay, Transak for Global Fiat Off-Ramps Uniswap has taken a bold step in enhancing user convenience by integrating native fiat off-ramps into its wallet applications for both Android and iOS. This new service lets users swap supported ERC-20 tokens—such as USDC and ETH—into fiat currency, enabling direct deposits into bank accounts in just seconds. The feature is set to roll out on the Uniswap browser extension and web app in the coming weeks, ensuring a broad, seamless experience for users worldwide. By partnering with well-known platforms like Robinhood, MoonPay, and Transak, Uniswap has bridged the gap between decentralized finance and traditional banking. These partnerships allow users from more than 180 countries to convert crypto into cash quickly, bypassing the typically frustrating process of signing into centralized exchanges and managing complex crypto addresses. This integration underscores Uniswap’s commitment to streamlining financial interactions in the DeFi sector. Read more: What Is Uniswap DEX and How Does it Work? UNI Token Loses Nearly 10% in 24 Hours Amid Bearish Mood UNI/USDT price chart | Source: KuCoin Despite the launch of these groundbreaking features, Uniswap’s native token, UNI, saw a 5.4% drop to $7.31 amid broader market movements. With total value locked (TVL) standing at under $4 billion—down from an all-time high of $10 billion in 2021—Uniswap continues to face market headwinds. However, the introduction of the off-ramp is expected to drive increased usage and improved liquidity, potentially stabilizing and growing the platform’s ecosystem over time. Uniswap TVL | Source: DefiLlama SEC Drops Investigation Into Uniswap Labs Just days before rolling out the new fiat off-ramp, Uniswap Labs celebrated a major regulatory victory when the SEC dropped its investigation into the firm. This decision, following an earlier Wells notice, marks a significant win for the broader DeFi community and signals a shift toward a more supportive regulatory environment for decentralized platforms. With the recent launch of Uniswap v4 and the innovative Unichain Layer 2, the platform is poised to offer even more efficient trading experiences and advanced developer tools, reinforcing its position as the world’s largest decentralized exchange. Conclusion Uniswap’s latest advancements underscore a transformative step in decentralized finance, enhancing global connectivity and streamlining the conversion of digital assets into traditional fiat currencies. While the platform's new features and strategic partnerships pave the way for a more accessible and efficient user experience, investors and users should exercise caution. The dynamic nature of crypto markets, coupled with regulatory and technological uncertainties, highlights the importance of understanding the risks inherent to digital asset investments. Read more: Raydium Surpasses Uniswap in Monthly DEX Volume by 25%, Signaling Shift in DeFi Market Dynamics
Litecoin (LTC) Surges Past $131 on .ltc Domain Launch – Targeting a $160 Breakout by March
Litecoin has surged over 9% in the past 24 hours, buoyed by the announcement of its official “.ltc” domain extension and robust technical indicators, pushing the price above $131. With growing Litecoin ETF optimism, improved performance against Bitcoin, and rising network fundamentals, analysts are eyeing a breakout to $160 by March. Quick Take LTC has risen around 4.3% in the past 24 hours and by nearly 14% in the last 30 days, following the domain extension announcement. The emerging inverse head and shoulders pattern points to a potential breakout above $130, targeting $160 by March. The LTC/BTC pair has climbed approximately 40% YTD, significantly outperforming Ethereum and Solana. Litecoin’s all-time high hashrate and reduced miner selling pressure signal enhanced network security and confidence. High approval odds for a Litecoin ETF (up to 90% likelihood) are driving renewed institutional and retail interest. Domain Extension Sparks Market Optimism Source: X On February 25, 2025, Litecoin made waves in the crypto community with the launch of its official “.ltc” domain extension, unveiled in partnership with Unstoppable Domains. This innovative feature mirrors Ethereum’s popular .eth domains and aims to transform user experience by enabling the registration of personalized, blockchain-based addresses, which simplifies transactions and minimizes errors associated with long alphanumeric wallet addresses. The market has responded robustly—LTC’s price witnessed a nearly 22% surge since the announcement, underscoring investor confidence in this strategic enhancement. Polymarket Anticipates 75% Likelihood of Litecoin ETF Approval Litecoin ETF approval likelihood crosses 76% on Polymarket | Source: Polymarket Adding another layer of bullish sentiment, optimism around a potential Litecoin ETF has been intensifying among both institutional and retail investors. Bloomberg’s senior ETF analyst recently indicated a 90% likelihood of a Litecoin-based ETF approval in 2025, and betting platforms like Polymarket have priced the odds at around 76% by the end of the year. With regulatory nods already emerging—evidenced by the US Securities and Exchange Commission acknowledging CoinShares’ spot Litecoin ETF filings—the anticipation of an ETF approval is seen as a key catalyst that could significantly boost liquidity and open the door to a broader range of investors entering the Litecoin market. LTC Traders Anticipate Bullish Breakout Above $130 LTC/USDT price chart | Source: KuCoin Litecoin’s price action over the past days has been characterized by a V-shaped recovery—bouncing from lows around $106 to current levels above $131. Open interest trends and rising whale accumulation underscore the renewed trader confidence, even as the broader crypto market faces a challenging sell-off. Indicators like the 4-hour RSI climbing into bullish territory further support the notion that LTC’s asymmetric rally could be gaining momentum. Technical charts reveal that Litecoin is nearing a classic inverse head and shoulders (IH&S) pattern, a bullish reversal formation. Traders are watching for a decisive breakout above the $130 neckline, which could propel the price toward a target of approximately $160 by March. Meanwhile, optimism surrounding a potential Litecoin ETF is high—with Bloomberg’s senior ETF analyst suggesting a 90% likelihood of approval in 2025—further fueling bullish sentiment. LTC vs. BTC Performance: Litecoin’s Strength Against Bitcoin Litecoin’s relative performance against Bitcoin has been particularly notable this year. The LTC/BTC pair has surged by around 40% year-to-date, outperforming major competitors like Ethereum and Solana, which have seen significant declines against Bitcoin. This performance underlines Litecoin’s growing market dominance amid a broader market downturn. LTC Hashrate Cross 2.4 PH/s, Signals On-Chain Resilience and Miner Confidence Litecoin’s hashrate on the rise | Source: CoinWarz Beyond technical patterns and ETF buzz, Litecoin is showing robust network fundamentals. The hashrate recently hit an all-time high of 2.47 PH/s, signaling heightened miner confidence and increased network security. Additionally, on-chain data indicates that miners are accumulating LTC and reducing selling pressure, setting the stage for a potential supply squeeze. Read more: How to Mine Litecoins: The Ultimate Guide to Litecoin Mining Litecoin’s Future Outlook and Risks While the bullish indicators are strong, Litecoin’s upward momentum depends on sustaining the breakout above key technical resistance levels. A failure to maintain levels above $130 could trigger a retest of support near $123.80 and $120.41. However, with solid network fundamentals, rising trader interest, and ETF optimism, LTC appears well-positioned for a potential rally in the coming months. Litecoin’s multifaceted strengths—from innovative domain solutions to technical and on-chain resilience—continue to set it apart in a volatile crypto landscape, positioning it as a promising asset as the market evolves.
Hamster Kombat Announces Hamster Network, a Dedicated TON Layer-2 Network
Hamster Kombat has unveiled the Hamster Network, a gaming-focused layer-2 blockchain on The Open Network (TON), designed to deliver fast, cost-effective transactions for decentralized applications. This strategic launch, coupled with the broader HamsterVerse initiative, aims to re-engage a dwindling user base and attract developers with robust infrastructure and innovative gameplay incentives. Quick Take The Hamster Network is the first gaming-focused layer-2 blockchain on TON, offering low transaction fees and high scalability. The launch includes essential tools such as a native wallet, asset bridge, and decentralized exchange, streamlining the user and developer experience. By supporting Solidity and providing incentives like Hamster Boost, the network encourages developers to build and refine decentralized apps. The broader HamsterVerse initiative aims to re-engage users and expand the gaming experience beyond the traditional tap-to-earn model. Despite past declines, technical indicators suggest a possible rebound for the HMSTR token, highlighting renewed optimism in the network's future. Hamster Kombat Announces New Layer-2 Network on TON Telegram’s tap-to-earn phenomenon, Hamster Kombat, is back with a significant upgrade. With the launch of the Hamster Network Layer-2 on TON, the project is taking bold steps to reinvigorate its ecosystem and support a new wave of blockchain-based games and apps. Source: X The Hamster Network marks the first gaming-centric layer-2 solution built on The Open Network. Powered by the TON Virtual Machine (TVM), the network features fully compatible smart contracts that post transaction proofs back to TON’s layer-1, ensuring both speed and security. This infrastructure includes a native wallet, an asset bridge, and a decentralized exchange (DEX), providing a seamless experience for developers and users alike. Technical Enhancements and Developer Incentives Developers now have the advantage of building decentralized applications using Solidity on a scalable platform that guarantees negligible transaction costs. To further foster innovation, the team has introduced Hamster Boost—a series of blockchain testing quests that reward participants with bounties and incentives, all designed to stress-test the network and identify improvement opportunities. What to Expect from Hamster Kombat Season 2 Season 2 of Hamster Kombat—branded as GameDev Heroes—is set to redefine the user experience by transcending traditional gameplay. In this new phase, players can expect an immersive, multi-layered experience that goes beyond tapping to earn; it incorporates elements of game studio management and team-building. The season is a core component of the HamsterVerse initiative, where the HMSTR token not only powers transactions and governance but also unlocks rewards across interconnected games. This ambitious relaunch aims to re-engage the dwindling user base by offering richer, developer-driven content and a more dynamic gaming ecosystem. Read more: Hamster Kombat Token Listing on September 26: All You Need to Know on $HMSTR Token Launch HamsterVerse Aims to Revitalize the Hamster Kombat Ecosystem The launch of the Hamster Network is a key pillar of the broader HamsterVerse initiative. This new ecosystem aims to go beyond traditional gaming by integrating multiple interconnected applications and mini-games that leverage the HMSTR token. Despite past challenges—such as the controversial HMSTR airdrop and a dramatic decline in monthly active users from 300 million to around 11.5 million—the team remains focused on re-engaging its core audience and attracting fresh talent to develop novel decentralized gaming experiences. What Do the Recent Developments Mean for HMSTR Token? HMSTR/USDT price chart | Source: KuCoin While the HMSTR token has faced significant price declines—down over 85% from its peak—the layer-2 launch is being viewed as a potential catalyst for renewed interest and market confidence. Technical indicators, such as a bullish falling wedge pattern, hint at a possible price rebound, with some analyses suggesting a surge of up to 260%. As the developers work to improve token utility and network efficiency, the evolving HamsterVerse may yet transform user engagement and market dynamics. With these bold advancements, Hamster Kombat is positioning itself to redefine Web3 gaming and create a more interactive and decentralized future for Telegram’s vast user base. Conclusion In conclusion, Hamster Kombat’s introduction of the Hamster Network on TON and the launch of Season 2 mark pivotal steps in the project's evolution, aiming to revitalize user engagement and broaden its decentralized gaming ecosystem. While these initiatives offer promising advancements in scalability and developer integration, it is important to remember that the crypto market remains highly volatile and carries inherent risks. We advise readers to conduct thorough research and consider their risk tolerance before making any investment or participation decisions.
Form Network Airdrop Eligibility, Rewards, and How to Claim Your $FORM Tokens
Form Network, an Ethereum Layer 2 (L2) blockchain, has announced its multi-phase airdrop campaign to distribute its native $FORM tokens. This initiative aims to reward early supporters and active participants within the Form ecosystem, marking a significant step toward decentralization and community engagement. Quick Take Form Network has designated over 50% of its total $FORM token supply for airdrops, with at least 8% reserved for participants in the Meditations staking program. Users can accumulate Form Points by staking supported tokens such as ETH, Liquid Staking Tokens (LSTs), and Liquid Reward Tokens (LRTs) on the Form Network platform. Participants can enhance their Form Points by inviting others, earning an additional 15% of the points generated by their referrals. Minting Form ETH (FETH) by staking ETH, LSTs, and LRTs, and subsequently staking FETH on the Form platform, allows users to earn triple the Form Points. Assets staked in the Meditations program can be withdrawn at any time, providing flexibility for participants. What Is Form Network and How Does It Work? Form Network is a high-speed, low-cost Ethereum Layer 2 (L2) blockchain designed to advance the SocialFi ecosystem. By leveraging the OP Stack and integrating Celestia's modular data availability layer, Form ensures efficient transaction processing and scalability. This architecture enables seamless integration of SocialFi applications, allowing online communities to aggregate value and utility across decentralized finance (DeFi), SocialFi, and other decentralized applications (dApps). Form's mission is to bring 50 million users to SocialFi by 2030, providing a scalable and interoperable platform for decentralized social finance applications. Form Airdrop: Key Highlights The airdrop is structured to distribute $FORM tokens to various contributors, including: Meditations Phase I Participants: Users who staked assets such as ETH, stablecoins, Liquid Staking Tokens (LSTs), and Liquid Reward Tokens (LRTs) during the pre-launch deposit campaign. Friend.tech Users: Active members of the Friend.tech platform. Arena (formerly Stars Arena) Users: Participants of the Arena platform. Virtuals Users: Engaged users of the Virtuals platform. Roll App Users: Creators and users active on the Roll platform. Lil Pudgys Holders: Owners of Lil Pudgys NFTs. Eligible participants can verify their allocation by connecting their wallets on the Form Airdrop Checker. Read more: What Is Staked Ether (stETH) and How Does It Work? Who Is Eligible to Receive $FORM Token Airdrop? Form Season Zero airdrop allocations | Source: Form Network blog Eligibility for the $FORM airdrop spans multiple phases: Phase I: Rewards early participants, including those involved in Meditations Phase I, Friend.tech users, Arena users, Virtuals users, Roll app users, and Lil Pudgys holders. Phase II: Focuses on incentivizing active participation on the Form Mainnet. Users can earn Form Points by: Bridging Assets: Migrating assets like ETH and USDC to the Form Mainnet. Engaging with SocialFi Applications: Utilizing apps like Roll Fun and Curves to create and trade tokens. Participating in DeFi Activities: Trading and providing liquidity on decentralized exchanges like Fibonacci. Minting Form ETH (FETH): Using platforms like Nucleus to mint FETH. Referral Program: Inviting others to join and earning bonus points. Detailed information on earning Form Points is available on the Meditations Dashboard. How to Claim $FORM Airdrop To claim your $FORM tokens: Check Your Allocation: Visit the Form Airdrop Checker and connect your wallet to verify your allocation. Claim Your Tokens: Once the token generation event (TGE) is announced, follow the instructions provided on the airdrop portal to claim your $FORM tokens. Ensure your wallet is connected to the Ethereum network during this process. Stay updated with Form Network's official announcements for precise dates and detailed claiming procedures. Form Network (FORM) Tokenomics The native token of Form Network, $FORM, serves multiple purposes within the ecosystem, including governance, staking, and transaction fees. Governance: $FORM token holders have the right to participate in the decision-making process regarding protocol upgrades, changes, and the overall direction of the network. Staking and Network Security: Users can stake $FORM tokens to support network operations, contributing to the security and stability of the blockchain. In return, stakers may receive rewards, fostering active participation and commitment to the network's health. Transaction Fees: $FORM tokens are utilized to pay for transaction fees within the network, facilitating various operations and interactions with dApps on the Form Network. FORM Token Distribution FORM token allocation | Source: Form.network The total supply of $FORM tokens is 5,000,000,000, distributed as follows: Foundation Treasury: 29% (1,450,000,000 $FORM) allocated to support the long-term development and sustainability of the network. Core Contributors: 15.5% (775,000,000 $FORM) designated for the team and individuals who have played a pivotal role in building and launching the Form Network. Ecosystem & Development: 38% (1,900,000,000 $FORM) reserved to foster growth, incentivize developers, and support projects that build on the Form Network. Investors: 17.5% (875,000,000 $FORM) allocated to early backers and investors who have provided essential funding and support. This structured allocation ensures a balanced distribution of tokens, promoting network security, rewarding contributors, and encouraging ecosystem expansion. What’s Next for Form Network? Form Network has an ambitious roadmap designed to drive adoption and expand its ecosystem: Mainnet Launch: Form's mainnet is now live, enabling full functionality for its ecosystem, including staking, governance, and asset tokenization. Ecosystem Growth Initiatives: Protocol Expansion: Partnering with existing DeFi platforms to onboard new decentralized applications and integrate more assets. Developer Grants and Incentives: Introducing funding programs to encourage developers to build innovative applications and tools within the Form ecosystem. Form Network's long-term vision is to establish a unified global economy powered by blockchain, making it easier for users and assets to participate in the decentralized world. Read more: What Is MegaETH, the Vitalik-Backed Ethereum Layer‑2 Blockchain?
Why Is the Crypto Market Down Today? Tariffs, Liquidations, and Extreme Fear Take Center Stage
The crypto market has taken a sharp downturn today due to a mix of geopolitical and market-specific factors. US President Donald Trump's announcement that his planned 25% tariffs on Canada and Mexico are on schedule, combined with widespread liquidations and a deep plunge in market sentiment, has triggered a cascading sell-off across digital assets. Quick Take Crypto sentiment plummeted to “Extreme Fear” (a score of 25) following Trump's tariff announcement. Bitcoin slid to its lowest price since November, dropping below $90,000, while significant liquidations added pressure. Ether, along with key altcoins like Solana, Dogecoin, and XRP, witnessed steep declines and bearish technical signals. Broader market factors—including tech stock losses, a strengthening Japanese yen, and macroeconomic uncertainty—contributed to the sell-off. The overall crypto market capitalization fell nearly 8% in a single day to under $3 trillion, reflecting widespread risk aversion. Fear and Greed Index Drops to 25 Amid Geopolitical Tensions and Market Liquidations Crypto Fear and Greed Index | Source: Alternative.me Today’s crypto market downturn is the result of multiple pressures converging at once. At the forefront, US President Donald Trump confirmed that his planned 25% tariffs on Canada and Mexico are proceeding as scheduled, reviving fears of a looming trade war. This geopolitical announcement has had a pronounced impact on investor sentiment, causing the Crypto Fear & Greed Index to nosedive from a neutral 49 to an “Extreme Fear” level of 25—a level last seen during significant market stress last September. Bitcoin’s Slide Under $90K and the Avalanche of Liquidations BTC/USDT price chart | Source: KuCoin Bitcoin, the flagship cryptocurrency, is trading around $88,000 at the time of writing after a 7.6% decline over the past 24 hours. The uncertainty triggered by tariff news pushed Bitcoin's price lower from previous highs around $92,000—marking its lowest level since late November. This drop has been exacerbated by heavy liquidation pressures, with over $2.2 billion in Ether liquidated in recent sessions and Bitcoin futures alone accounting for more than $530 million in forced closures. The rapid unwind of leveraged positions underscores the heightened nervousness among traders amid escalating market risks. Altcoins Under Pressure: Broader Crypto Impact SOL/USDT price chart | Source: KuCoin Bitcoin's downturn is just the tip of the iceberg. Major altcoins have not been spared, with Solana, Dogecoin, and XRP all experiencing significant losses. Solana, for example, plunged by 14% over the past 24 hours, while Dogecoin and XRP each fell by more than 8%. These tokens, along with other digital assets, are trading below their key 200-day moving averages—a technical sign that further underscores the market’s bearish outlook. Macroeconomic Factors Drive Risk-Off Sentiment in Crypto Investor risk aversion is being driven by more than just tariff concerns. Weakness in Nasdaq futures—down 0.3% as technology stocks continue to struggle—has added to the pressure. Meanwhile, a strengthening Japanese yen, currently trading at 149.38 per USD, is attracting safe-haven flows as market participants become increasingly cautious. This combination of declining tech equities, stronger safe-haven currencies, and trade policy uncertainty has created a perfect storm, pushing crypto investors into a risk-off mode. Recent data showed that the Consumer Price Index (CPI) surged by 0.5% in January—above expectations—heightening concerns about inflation and prompting debates over Federal Reserve policy. Such macroeconomic pressures have spilled over into the crypto market, leading to a broader market decline where total market capitalization fell nearly 8%, from over $3.31 trillion to approximately $3.09 trillion. Even traditional US markets, like the S&P 500 and Nasdaq Composite, have trended downward, reflecting an environment of widespread economic uncertainty. Conclusion In summary, today's crypto market downturn is driven by a confluence of factors—from geopolitical tensions and aggressive tariff policies to technical breakdowns and macroeconomic headwinds. As investors face extreme fear and significant liquidation events, the prevailing sentiment suggests that market volatility is likely to remain high until clearer signals emerge from both global trade policies and economic data.
Superchain Set to Dominate 80% of Ethereum L2 Transactions by 2025, Super USDT Redefines Crosschain Liquidity
Optimism’s Superchain currently powers 60% of Ethereum L2 transactions with over $4 billion TVL and 11.5 million daily transactions, and it is projected to reach 80% by year’s end. The recent launch of Super USDT—developed by Celo, Chainlink, Hyperlane, and Velodrome—marks a significant stride toward unified liquidity and enhanced interoperability across the Ethereum ecosystem. Quick Take Superchain handles 60% of Ethereum L2 transactions today, with expectations to hit 80% in 2025. The network boasts over $4 billion in TVL and 11.5 million daily transactions. Industry leaders such as Sony, Coinbase, Kraken, and Sam Altman’s World are building on Optimism’s OP Stack. Super USDT eliminates stablecoin liquidity fragmentation by offering seamless crosschain functionality. Lower L2 fees and interoperability advances are set to boost DeFi growth and broader Web3 adoption. Superchain’s Rapid Ascent in the Ethereum L2 Ecosystem An overview of the Superchain ecosystem | Source: Superchain Optimism’s Superchain—a collective of layer-2 solutions utilizing the OP Stack—has quickly emerged as a dominant force in scaling Ethereum. In an exclusive interview, Optimism’s chief growth officer Ryan Wyatt revealed that the Superchain currently accounts for 60% of Ethereum layer-2 transactions, and this figure is projected to reach 80% by the end of 2025. These impressive numbers are underpinned by a robust network infrastructure that supports over $4 billion in total value locked (TVL) and 11.5 million transactions daily. The Superchain’s success is not solely due to its impressive transaction volume. A diverse group of leading companies—including Sony, Coinbase, Kraken, Uniswap, and Sam Altman’s World—has joined the collective, contributing to a flywheel effect that feeds revenue, governance, and continuous development of the OP Stack. This collaborative environment fosters innovation and scalability, making the Ethereum L2 ecosystem more efficient and secure for both developers and users. What Is Superchain’s Super USDT? USDT accounts for over 63% of the stablecoin market | Source: DefiLlama A major milestone in the evolution of the Superchain is the launch of Super USDT. Developed through the combined efforts of Celo, Chainlink, Hyperlane, and Velodrome, Super USDT addresses long-standing challenges such as liquidity fragmentation and high bridging fees. By leveraging Chainlink’s Cross-Chain Interoperability Protocol and Hyperlane’s bridging technology, Super USDT maintains a 1:1 peg with native USDT reserves locked on Celo, ensuring seamless transfers across multiple chains. This new interoperable token is already integrated across several networks, including Base, Lisk, Metal, Mode, Optimism, and more, paving the way for a unified stablecoin experience. Ethereum’s L2 Ecosystem Is Driving DeFi Growth Ethereum L2 TVL | Source: L2Beat Ethereum’s layer-2 solutions are not only enhancing transaction throughput but are also reshaping the decentralized finance (DeFi) landscape. With Ethereum’s ecosystem currently accounting for 53% of DeFi’s total value locked, the migration of DeFi activities to L2s is set to accelerate. As of writing, the Ethereum layer-2 ecosystem has a combined TVL of nearly $42 billion, catching up with Ethereum’s TVL of almost $55 billion. Lower fees—often averaging less than $0.01 per transaction—make Ethereum L2s particularly attractive in emerging markets, where stablecoins play a critical role in remittances and access to financial services. The integration of Super USDT further strengthens the network’s position by eliminating fragmented liquidity, thereby promoting smoother, more cost-effective stablecoin transactions. The Road Ahead for Ethereum and Web3 Adoption Looking forward, the continued growth of the Superchain and the broader Ethereum L2 ecosystem signals a promising future for Web3. Enhanced interoperability, reduced fees, and robust developer support are key factors driving the migration of both DeFi and consumer applications to Ethereum’s scalable networks. As more projects join the Superchain and adopt interoperable standards, Ethereum is set to reaffirm its position as the preferred settlement layer for decentralized applications, ultimately fueling further adoption and innovation in the blockchain industry. Read more: What Is Ethereum Pectra Upgrade Set to Launch in March 2025?
Nasdaq Files 19b-4 for Canary HBAR ETF, Drives HBAR Surge to $0.225
Nasdaq, on behalf of Canary Capital, has filed a 19b-4 application for a spot HBAR ETF designed to offer exposure to Hedera’s native token. This regulatory move coincides with recent technical movements in Hedera (HBAR), which surged to a 24-hour high of $0.225 and briefly pushed its market cap to $9.44 billion. Quick Take Nasdaq has submitted a 19b-4 filing for the Canary HBAR ETF, advancing the approval process with the SEC. The ETF will provide exposure to Hedera’s native token, HBAR, which is not classified as a security by the SEC. HBAR experienced a 6% surge, peaking at $0.225 and briefly reaching a market cap of $9.44 billion. A range of altcoin ETF filings—including those for XRP, Solana, Litecoin, and Dogecoin—highlight growing institutional interest in cryptos. Canary’s HBAR ETF the Latest Among Recent Crypto ETF Filings Source: X In recent months, the regulatory spotlight has increasingly focused on altcoin-based exchange-traded funds (ETFs). Nasdaq’s filing of a 19b-4 application on behalf of Canary Capital marks the latest move in a wave of submissions to the U.S. Securities and Exchange Commission (SEC). Canary Capital, already a pioneer with its amended S-1 registration filed in November, is positioning the Canary HBAR ETF to capture investor interest in Hedera’s native token, HBAR. The ETF application is part of a broader trend among asset managers and exchanges seeking to list ETFs that track alternative cryptocurrencies. With products already in the pipeline for XRP ETF, Solana ETF, Litecoin ETF, and even Dogecoin ETF, the competitive field is heating up. Analysts have noted that altcoin ETFs not classified as securities—like HBAR—may enjoy smoother approval processes, potentially accelerating their market debut. What’s Next After the 19b-4 Filing? The ETF filing process involves two crucial steps: the initial S-1 registration followed by a 19b-4 filing. The latter, recently submitted by Nasdaq on behalf of Canary Capital, initiates the SEC’s formal review procedure by being published in the Federal Register. This filing not only signifies compliance with regulatory standards but also reflects the feedback provided by the SEC, which could be instrumental in expediting approval. The SEC’s evolving stance on cryptocurrency is evident in its recent approvals of spot Bitcoin ETFs and Ether ETFs. While the agency continues to scrutinize altcoin proposals, the unique regulatory position of HBAR—owing to its non-security classification—may provide it with a distinct advantage in the crowded ETF landscape. HBAR Price Faces Resistance at $0.20 as Sentiment Weighs HBAR/USDT price chart | Source: KuCoin Parallel to the regulatory developments, HBAR has been experiencing notable technical fluctuations. Recent market data reveals a 6% increase that saw HBAR spike to a 24-hour high of $0.225, briefly pushing its market cap to an impressive $9.44 billion. However, technical indicators such as the Bollinger Band Trend (BBTrend) have signaled persistent bearish momentum, with values dropping to -0.71 after a temporary recovery. The Ichimoku Cloud analysis suggests that while there is potential for a bullish reversal—particularly if short-term EMA lines cross above long-term ones—the current market sentiment remains cautious. Should buying interest strengthen, HBAR could test resistance at $0.24, possibly paving the way for further gains. Conversely, sustained negative momentum may lead to further price consolidation near lower support levels. Looking Ahead: The Future of HBAR and Altcoin ETFs The approval of the Canary HBAR ETF could be a game-changer, not only for Canary Capital but also for the broader altcoin ETF ecosystem. With a growing number of applications in the works and regulatory shifts favoring crypto innovations, market participants are closely watching the SEC’s next steps. Analysts predict that as more altcoin ETFs gain traction—bolstered by the non-security status of assets like HBAR—the landscape for digital asset investments could undergo significant transformation. For investors, the coming months will be pivotal. The interplay between regulatory progress and market sentiment could set the stage for a new era of institutional adoption in the crypto market. Read more: XRP Surges 15% to $2.66: ETF Approvals and a Potential $6 Rally in Sight
OpenSea's Trading Volume Crosses $30M as SEC Investigation Dropped and SEA Token Announced
In a significant development for the non-fungible token (NFT) ecosystem, OpenSea has experienced a notable surge in trading activity, coinciding with the conclusion of a regulatory investigation and the introduction of its native token, SEA. Quick Take The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into OpenSea, removing a significant legal hurdle for the platform. OpenSea's introduction of its native token, SEA, has been a catalyst for increased user engagement and trading volume. Following these developments, OpenSea's share of the Ethereum NFT marketplace has risen dramatically, reaching 71.5% from a previous 25.5% just weeks prior. The platform's daily trading volume has escalated to an average of $17.4 million, a substantial increase from the pre-announcement average of $3.47 million. SEC Concludes Its OpenSea Investigation On February 21, 2025, OpenSea's founder and CEO, Devin Finzer, announced that the SEC had concluded its investigation into the platform. This inquiry, initiated in August 2024, centered on allegations that OpenSea operated as an unregistered securities marketplace. The closure of this investigation is widely regarded as a positive outcome for the NFT industry, as it alleviates regulatory uncertainties that have previously hindered innovation and growth. Finzer emphasized that classifying NFTs as securities would have been a misinterpretation of the law, potentially stifling creativity and progress within the space. OpenSea’s $SEA Token Announcement Drives Trading Volume Past $17M OpenSea’s trading volume surged last week | Source: Token Terminal Coinciding with the regulatory relief, OpenSea unveiled its native token, SEA, on February 13, 2025. This strategic move aims to enhance user engagement and incentivize platform activity. Since the announcement, OpenSea's daily trading volume has experienced a remarkable increase, averaging $17.4 million—nearly a fivefold rise from the $3.47 million recorded in the days leading up to the token's introduction. The number of daily transactions has also more than doubled, indicating heightened user participation and interest. Read more: OpenSea Unveils OS2 Platform and Announces SEA Token Airdrop OpenSea’s Market Share on Ethereum Crosses 70% OpenSea’s monthly trades on the rise | Source: TheBlock The combined effect of the SEC's decision and the SEA token launch has propelled OpenSea's dominance in the Ethereum NFT marketplace ecosystem. The platform's market share has surged to 71.5%, a significant leap from the 25.5% observed just four weeks prior. This growth has primarily come at the expense of competitors, notably Blur, as users gravitate back to OpenSea, attracted by the new incentives and renewed confidence in the platform's regulatory standing. NFT Community and Industry Reaction The NFT community and broader cryptocurrency industry have responded positively to these developments. Chris Akhavan, Chief Business Officer of Magic Eden, acknowledged the significance of the SEC's decision, suggesting it benefits the entire NFT ecosystem. While OpenSea and Magic Eden are competitors, Akhavan emphasized their shared belief in the potential of NFTs and expressed satisfaction with the regulatory clarity achieved. OpenSea's recent advancements—including the favorable resolution of regulatory challenges and the strategic introduction of the SEA token—have not only revitalized its platform but also reinforced its leadership position within the NFT marketplace. These actions have collectively contributed to a substantial increase in trading volume and market share, signaling a renewed phase of growth and innovation for OpenSea and its user community.
Strategy Signals Bitcoin Buys; SEC Overhauls Crypto Unit; Altcoin Season 2025 Kicks Off; YLDS Stablecoin Approved: Feb 24
As of February 23, 2025, Bitcoin is trading at approximately $95,755.07, reflecting a -0.56% decrease over the past 24 hours. Ethereum is priced around $2,819, up +2.03% in the same period.This article explores major shifts in digital finance that impact the crypto market in significant ways. Strategy is preparing for an aggressive BTC purchase and a break that signals a new phase in their investment approach. Furthermore, the SEC's formation of a new cyber unit aimed at curbing digital fraud and bolstering cybersecurity compliance. The article also discusses rising altcoin trading volumes and liquidity challenges that could shape market behavior in the coming months. It also covers the launch of YLDS, a yield-bearing stablecoin that combines blockchain technology with traditional finance. Crypto Fear & Greed Index | Source: Alternative.me The Fear and Greed Index has decreased to 49, indicating a neutral market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility. What’s Trending in the Crypto Community? Strategy’s Michael Saylor shared Bitcoin Tracker information again, possibly hinting at upcoming purchase announcements. On February 20, 2025 the SEC replaced its Crypto Assets and Cyber Unit with the new Cyber and Emerging Technologies Unit. SEC Approves Figure Markets’ YLDS Stablecoin with 3.85% APR Trending Tokens of the Day Trading Pair 24H Change TRX/USDT +2.11% XMR/USDT +1.53% LTC/USDT +0.60% Trade now on KuCoin Bitcoin Purchase and Strategy's Plan Strategy’s Bitcoin purchases over time. Source: SaylorTracker Michael Saylor posted a chart on Sunday that signaled an impending BTC purchase at current price levels of $96,052. Furthermore, the chart has become a weekly ritual that reveals Strategy's commitment to BTC. Moreover, Saylor stated “I don't think this reflects what I got done last week”,in a February 23, 2025 X post. Strategy took a one-week break from buying following its February 10, 2025 acquisition of 7,633 BTC valued at over $742 million. The company now holds 478,740 BTC valued at roughly $45.8 billion while SaylorTracker data shows the BTC stash now exceeds $46 billion. Moreover, their BTC investment has grown by 47.7% and a $2 billion convertible note was issued on February 20, 2025 as part of its 21/21 plan. In addition the company plans to use intelligent leverage in Q1 2025 to finance further BTC purchases and add more value for its shareholders. Large Corporate and State Institutions Bet on Strategy 12 US state pension programs and treasury funds with exposure to Strategy. Source: Julian Fahrer Large financial institutions invest in Strategy. They buy shares and fixed-income securities despite doubts over the Bitcoin acquisition plan. A February 6, 2025 SEC filing shows BlackRock increased its stake in Strategy to 5%. BlackRock manages over $11.6 trillion in assets. It acted one day after MicroStrategy rebranded to Strategy and launched a Bitcoin-themed campaign. Twelve US states hold Strategy stock in their pension programs and treasury funds. These include Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin. California's State Teachers' Retirement Fund leads with nearly $83 million in Strategy stock. The California Public Employees Retirement System follows with about $76.7 million in shares. On February 20, 2025, Strategy priced a $2 billion convertible note tranche to fund more Bitcoin acquisitions. Read more: MicroStrategy Buys More Bitcoin with $1.1B, Pushing Holdings to 461K BTC SEC Reforms Crypto and Cyber Unit Source: SEC On February 20, 2025, the SEC replaced its Crypto Assets and Cyber Unit with the new Cyber and Emerging Technologies Unit. Furthermore the unit targets AI-driven fraud schemes, blockchain fraud, social media manipulation and cybersecurity compliance failures. Moreover The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow. It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies, said Acting SEC Chair Mark Uyeda. Additionally the unit is led by Laura D’Allaird and consists of 30 attorneys and fraud specialists across 9 SEC regional offices. Furthermore, it focuses on 6 key areas including hacking of material nonpublic information and brokerage account takeovers. Moreover, the SEC has rescinded restrictive accounting guidelines and clarified crypto asset classification rules to support broader reforms that aim to modernize the regulatory framework. Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption CryptoQuant: Altcoin Season 2025 Has Begun The price correlation between Bitcoin and altcoins is waning. Source: Ki Young Ju CryptoQuant CEO Ki Young Ju said that altcoin season may have begun this month. He reported that the 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November 2024. Moreover, the altcoin-to-BTC trading volume ratio increased from 1.77 to 2.77 as of February 20, 2025. Additionally, he said in a public update that “Alt season has begun" he stated in a public update. Altcoin volume now stands at 2.7 times that of BTC with trading concentrated on Ethereum, XRP, BNB and Solana. Moreover, aggregated altcoin trading volume for stablecoin pairs peaked at $60.4 billion on February 3, 2025. In addition, a Kaiko report noted that the top 10 altcoins by market cap account for 64% of daily liquidity while only 3 of 22 altcoin sectors posted positive year-to-date performance. Furthermore the overall crypto market performance stands at negative 24.9% with 13 altcoin sectors losing more than this percentage. SEC Approves Figure Markets’ YLDS Stablecoin with 3.85% APR Source: X Figure Markets launched YLDS, a yield-bearing stablecoin registered with the SEC on February 20, 2025 that intends to provide 3.85% APR. Furthermore, YLDS enables users to earn daily interest while maintaining liquidity. Moreover it operates as a fixed-price digital asset on the Provenance Blockchain. Unlike USDT, YLDS shares reserve yields with its holders at a 3.85% APR and its yield comes from assets similar to prime money market funds and its interest rate is calculated as the Secured Overnight Financing Rate minus 0.50%. Moreover, YLDS supports peer-to-peer transfers and offers instant redemption for US dollars or other stablecoins. Additionally, users can access fiat off-ramps during US banking hours for easy conversion. Mike Cagney said “YLDS has potential for exchange collateral cross-border transactions and payment networks". The stablecoin’s current yield positions it above US Treasury bonds, which offer 2.89% for 10-year notes and 3.24% for 30-year bonds, though below the average high-yield savings account rate of 4.75%. Stablecoins now boast a market capitalization exceeding $230 billion and serve a critical role in global digital transactions. Stablecoin market cap crosses $200 billion (CCData) Read more: Top Types of Stablecoins You Need to Know in 2025 Conclusion These developments highlight the dynamic evolution of digital finance and the crypto market. Furthermore, Strategy continues to execute aggressive BTC purchases with holdings of 478,740 BTC valued at over $46 billion and an investment gain of 47.7%. Moreover, the SEC reforms and creation of the CETU signal a strategic shift in regulatory focus with 30 experts across 9 offices aiming to counter digital fraud. Additionally, rising altcoin trading volumes and a 2.7x BTC ratio point to a selective altcoin season amid liquidity challenges. Furthermore YLDS introduces regulated yield-bearing stablecoin innovation with a Secured Overnight Financing Rate minus 0.50% interest calculation and support for fast conversions. In summary, technical advances and bold market moves are driving the crypto ecosystem forward with robust numbers and figures that will shape the future of digital finance.
Ethereum Spot ETFs Experience High Monthly Inflows at $393M and How the ‘Pectra’ Upgrade will Affect ETH Users
This article dives into recent shifts in the crypto market and it covers strong inflows into Ethereum spot ETFs and contrasts them with outflows from Bitcoin ETFs. Ethereum ETFs experienced $1.61 million net inflows in one week and $393 million in monthly inflows for Ether ETFs. It explains key technical figures like a net asset value of $9.981 billion and a net asset ratio of 3.14%. Ethereum is currently trading at $2,714.48 at the time of writing and details a major network upgrade scheduled for April 8, 2025. Investors receive insights into carry trading strategies and future prospects of Ethereum ETFs in the crypto market. Source: KuCoin Quick Take Ethereum spot ETFs posted a net inflow of $1.61 million between February 18 and February 21, 2025. Data from SoSoValue shows that major funds such as the Fidelity Ethereum ETF added $26.32 million this week. This weekly performance boosts its historical net inflow to $1.54 billion. Nine Ether spot ETFs attracted $393 million in net inflows this month. This figure is seven times higher than inflows in January. Outflows occurred on only two trading days, indicating strong investor confidence and sustained market activity despite Ethereum trading at $2,714.48 Eleven Bitcoin ETFs recorded a net outflow of $376 million this month. Inflows were observed on only four trading days. Bitcoin remains below $100,000, reflecting shifting investor sentiment amid volatile memecoin movements. Source: VettaFi What is an Ethereum ETF? An Ethereum ETF (Exchange-Traded Fund) is a financial product that lets you invest in Ethereum (ETH) without directly owning the cryptocurrency. These ETFs track the price of ETH and trade on traditional stock exchanges, offering a familiar investment vehicle. There are two main types of Ethereum ETFs: Spot Ethereum ETFs: These funds invest directly in ETH, reflecting its current market price. For example, the iShares Ethereum Trust ETF (ETHA) seeks to mirror the performance of ETH's price. Futures-Based Ethereum ETFs: These funds invest in ETH futures contracts, which are agreements to buy or sell ETH at a predetermined price on a future date. An example is the ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH), which includes exposure to ETH futures. Investing in an Ethereum ETF provides exposure to ETH's price movements through a regulated financial product, eliminating the need to manage digital wallets or navigate cryptocurrency exchanges. However, it's essential to be aware of associated fees and the inherent volatility of the cryptocurrency market. Ethereum Spot ETFs: Inflows and Outflows Source: The Block During the week of February 18th to February 21, 2025, Ethereum spot ETFs received a net inflow of $1.61 million. Data shows that the Fidelity Ethereum ETF (FETH) recorded a weekly net inflow of $26.32 million. Its historical net inflow now totals $1.54 billion. In contrast, the Grayscale Ethereum Trust saw a weekly net outflow of $15.79 million, bringing its historical net outflow to $4 billion. The total net asset value of all Ethereum spot ETFs now stands at $9.981 billion with a net asset ratio of 3.14%. Cumulative inflows have reached $3.154 billion, reflecting robust market demand. Source: The Block Strong Ethereum ETF Monthly Inflows Source: The Block U.S.-listed Ethereum spot ETFs attracted $393 million in net inflows this month from nine funds. This figure marks a sevenfold increase compared to January. Outflows occurred on only two trading days, showing steady investor support. These trends highlight strong technical factors and market sentiment driving renewed interest in Ethereum. Bitcoin ETFs and Shifting Investor Sentiment Eleven Bitcoin ETFs experienced a net outflow of $376 million this month. Inflows were recorded on only four trading days. Bitcoin remains below $100,000 amid volatile memecoin fluctuations. This trend points to a clear shift in investor sentiment away from Bitcoin. Portfolio managers are rebalancing their holdings as funds move toward alternative digital assets like Ether. The data underscores evolving market dynamics and the search for more stable investment opportunities. Ethereum Network Upgrades and Future Prospects Ethereum is set to undergo a major network upgrade called Pectra on April 8, 2025. The upgrade will enhance both execution and consensus layers and is expected to boost overall network performance. Vitalik Buterin has proposed a 10x increase in the Layer 1 gas limit to further support growth. "In a predominantly L2 world, considerable scaling remains valuable as it allows simpler and safer application development patterns. This discussion does not advocate for more L1 applications universally but highlights that a ~10x L1 scaling has long-term value," Buterin stated. In addition, the Ethereum Foundation recently invested $120 million in DeFi projects. These technical improvements and financial moves set the stage for potential gains. “ETH is poised for a potential comeback”, said Nick Forster of Derive.xyz. He added, There's currently a 30% likelihood that ETH will surpass $3,000 by the end of the quarter, an increase from last week's 28% probability. Read more: What Is Ethereum Pectra Upgrade Set to Launch in March 2025? How will the Pectra Upgrade Affect Ethereum Users? Source: KuCoin Ethereum's next upgrade is known as the Prague/Electra upgrade or Pectra. It will bring significant scalability enhancements through sharding technology and Layer-2 rollups. The upgrade will also boost security and stability with advanced cryptography and improvements to the Proof of Stake protocol. The upgrade is scheduled to launch between late 2024 and Q1 2025. Currently, around 28% of ETH's total supply is staked, making this upgrade vital for Ethereum holders. EIP-7251 will raise the maximum effective balance for validators. This change allows validators to control more stake without running multiple validators. Meanwhile, EIP-4788 will simplify the withdrawal process for staked ETH. This improvement could attract a broader user base. However, the impact on ETH's price remains uncertain. Users should do their own research and make decisions that align with their financial situation. Buy ETH on KuCoin Investors looking to seize these opportunities can buy ETH on KuCoin. KuCoin offers a secure platform with competitive fees and robust trading tools. It remains a top choice for those who want to add Ethereum to their portfolios in this evolving market. Conclusion The crypto market is shifting rapidly as Ethereum spot ETFs post strong inflows while Bitcoin ETFs experience significant outflows. Detailed data reveals $1.61 million net inflows in one week, $393 million in monthly inflows, and a total net asset value of $9.981 billion. Ethereum now trades $2,714.48 and is poised for improvements with the Pectra upgrade on April 8, 2025. Strategic proposals like a 10x gas limit increase and a $120 million DeFi investment drive optimism. Investors are encouraged to explore opportunities and buy ETH on KuCoin as the market evolves. Technical advances and robust numbers define a market ready for change and growth.
B3 Airdrop Claim Now Live, How to Claim Your $B3 Tokens by February 24, 2025
The B3 (B3) Season 1 airdrop is currently live, offering early participants of the B3 gaming ecosystem the opportunity to claim their tokens. The claim window, which began on February 10, 2025, will remain open until February 24, 2025, at 1 PM UTC. Eligible users can claim their tokens by visiting the official B3 claim portal. Quick Take The B3 Season 1 airdrop is live from February 10 to February 24, 2025, at 1 PM UTC. Since its mainnet launch in August 2024, B3 has attracted over 6 million players and supports more than 95 games, highlighting its rapid expansion in the Web3 gaming sector. The $B3 token serves multiple functions, including staking, governance, and facilitating transactions. Staking $B3 tokens grants access to dedicated gamechain tokens, early access to new game launches, and additional in-game rewards. As of February 13, 2025, the $B3 token is trading at approximately $0.0074 USD, with an intraday high of $0.0089 USD and a low of $0.0072 USD. What Is B3 Layer-3 Network? B3 is a Layer-3 gaming network built on Base, an Ethereum Layer-2 chain incubated by Coinbase. Designed to enhance the gaming experience, B3 allows gamers to play instantly without the need for wallets, bridging, or network switching. Since its mainnet launch in August 2024, B3 has attracted over 6 million players and supports more than 95 games, demonstrating its rapid growth and appeal in the Web3 gaming space. B3 core framework | Source: B3 whitepaper The Season 1 airdrop is designed to reward early adopters and active community members. To claim your $B3 tokens, connect your wallet to your BSMNT profile on the official claim page before the deadline. Read more: B3(Base) (B3) Gets Listed on KuCoin! $B3 Token Utility and Tokenomics The $B3 token plays a crucial role in supporting game developers, enabling them to fund creative projects and explore new monetization strategies. The native utility token, $B3, serves multiple functions within the ecosystem, including staking, governance, and facilitating transactions. Staking $B3 tokens offers exclusive perks, including access to tokens for dedicated gamechains, early access to new game launches, and additional in-game rewards and incentives. $B3 token allocation | Source: B3 docs The total supply of 100 billion $B3 tokens is allocated as follows: Community and Ecosystem Growth (34.2%): Distributed through airdrops, tournaments, playtests, community-led grants, research, and ecosystem development. Team and Advisors (23.3%): Allocated to core contributors and advisors from AAA gaming and Web3 sectors, with a 1-year lock-up followed by a 3-year gradual unlock. Player1 Foundation (22.5%): Supports strategic grants, partnerships, legal compliance, audits, and operational expenses. Investors (20%): Reserved for early backers, with a 1-year lock-up followed by a 3-year gradual unlock. How to Claim Your B3 Airdrop To claim your $B3 tokens: Visit the Claim Portal: Navigate to the official B3 airdrop claim page. Connect Your Wallet: Use a compatible wallet (e.g., MetaMask, Rainbow, Phantom) and link it to your BSMNT profile. Complete the Claim Process: Follow the on-screen instructions to finalize your claim. Ensure you complete this before the deadline on February 24, 2025, at 1 PM UTC. For users who have received tips from Blu3 on X (formerly Twitter) via @bsmntdotfun, withdrawals will be enabled later this week. Staking $B3 tokens contributes to the creation of new games, rewarding stakers with a basket of tokens from studios within the Gamechain Ecosystem. B3 Token Market Performance B3 price chart | Source: Coinmarketcap As of now, the $B3 token is trading at approximately $0.0074 USD, with an intraday high of $0.0089 USD and a low of $0.0072 USD. The token experienced a significant surge shortly after its listing, reaching an all-time high of over $0.019, reflecting strong community interest and engagement. Conclusion The B3 Season 1 airdrop, running until February 24, 2025, offers participants an opportunity to engage with the expanding B3 gaming ecosystem. Staking $B3 tokens can provide benefits such as exposure to future gamechains and early access to new games. However, potential participants should be aware of certain risks, including the token's unlocking schedule, regulatory considerations, and the authenticity of the ecosystem's offerings. It's essential to conduct thorough research and consult financial advisors before making any investment decisions.