Category: crypto

Shane Neagle discusses the role of narratives in driving value in assets such as houses and cryptocurrencies. He highlights the utility of memecoins like Solana (SOL) and Shiba Inu (SHIB) in the crypto space, emphasizing the importance of robust utility ecosystems and liquidity for sustainable growth, recommending SHIB, Pepe (PEPE), Bonk (BONK), and Floki (FLOKI)…

Steven Pu, the Co-founder of Taraxa, highlights the positive impact of President Trump’s inauguration on American crypto innovators. Under the previous administration, persecutory regulators drove talent out of the US, hindering growth and innovation in the crypto industry. The new administration’s pro-crypto initiatives offer hope for a revitalized American crypto industry.

Kraken and Crypto.com are developing their own stablecoins in response to the EU’s new regulatory framework, MiCA. The regulation imposes strict compliance measures on stablecoin issuers in Europe, forcing non-compliant stablecoins like Tether’s USDT and PayPal’s PYUSD off most exchanges. Exchanges must delist unauthorized stablecoins by March 2025.

In February, the price of AlphaBitcoin has stabilized as large holders are reducing profit-taking, resulting in less pressure on Bitcoin’s price due to the flattening of profits among major holders.

The ByBit crypto exchange was hacked, resulting in the theft of approximately $1.5 billion in Ethereum. The incident involved a sophisticated attack on the exchange’s cold wallet, allowing the attacker to transfer a significant amount of ETH. ByBit is still operational and working with experts to investigate and recover the stolen assets.

The 90-day moving average of altcoin trading volume on centralized exchanges has increased since mid-November, suggesting the start of an altcoin season according to CryptoQuant CEO Ki Young Ju. Altcoin trading volume compared to Bitcoin has risen significantly, indicating the beginning of an alt season. Selective altcoins are expected to soar, with only a few…

Strategy co-founder Michael Saylor suggests the US government acquire up to 20% of Bitcoin’s total supply to strengthen the dollar and offset national debt. State-level efforts to incorporate Bitcoin into public reserves are growing, with over 20 US states exploring Bitcoin reserves. Corporate adoption of Bitcoin as a strategic asset is also on the rise.

Following the LIBRA token controversy, Solana-based launchpad Pump.fun experienced significant decreases in new users, token launches, and fees collected. The number of new users fell by 16.4%, tokens deployed weekly decreased by 26.3%, and fees collected dropped by nearly 32%. The memecoin market cooled off after the LIBRA crash, raising concerns about insider trading and…

A group of US senators, led by Cynthia Lummis, has written a letter to the SEC urging clarification on protocol staking in digital asset ETPs. They argue that excluding staking from ETP filings hinders competitiveness and access to core blockchain functions. The SEC has set a deadline of April 1 to respond.

The Lazarus Group, linked to North Korea, is using a new social engineering tactic to breach crypto firms. They send cryptocurrency to targets to gain trust before deploying malicious code. This method aims to make attackers seem legitimate, increasing the likelihood of victims complying with their requests. Crypto firms must strengthen security measures to prevent…