Su Zhu and Kyle Davies’ latest insolvency drama (JefeDAO) OX.FUN, a memecoin exchange that emerged from the remnants of Open Exchange (OPNX), found itself at the center of insolvency rumors this week after freezing $1 million in user deposits. The controversy erupted on Feb. 21, when X user JefeDAO claimed on X that one of its members had deposited $1 million in USDC into OX.FUN, only to find the funds locked moments later. According to JefeDAO, the platform accused the user of violating its terms of service. Nicolas Bayle, OX.FUN’s…
Day: February 27, 2025
Bank CEO calls out Washington’s debanking “skullduggery”: Bitcoin Investor Week
Recent efforts to “debank” crypto firms in the US revealed a “staggering” level of corruption among government officials, and the problem is not yet resolved, one banking executive said in a Feb. 27 interview during Bitcoin Investor Week. “The magnitude of skullduggery that is happening in Washington D.C. is really incredible… and it’s not over yet,” Caitlin Long, Custodia Bank’s founder and CEO, said during a panel at the event. In 2023, the US Federal Reserve, which regulates banks, stymied Custodia’s efforts to service crypto firms by denying the…
BDACS Partners With Ripple to Boost Institutional Crypto Custody in South Korea
BDACS, South Korea’s first regulated custodian for institutional digital assets, unveiled a strategic alliance with blockchain firm Ripple on Feb. 26, 2025, designed to broaden safeguarded custody offerings for XRP, RLUSD, and related cryptocurrencies. Ripple, BDACS Forge Strategic Alliance According to Ripple’s announcement, the partnership mirrors the nation’s methodical regulatory blueprint for institutional digital asset […] Source CryptoX Portal
XRP Outshines 92% Of Altcoins, Data Shows—Here’s Why
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Brutal 20% Ethereum price sell-off is not over, but is there a silver lining for ETH?
Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these levels since October 2024. However, the ETH derivatives market is showing early signs of recovery and strength, suggesting a potential rebound to $2,800. Ether 30-day futures premium, annualized. Source: Laevitas.ch The 30-day ETH futures are now trading at a 7% premium over the spot market, up slightly from 6% two days ago. Premiums between 5% and 10% are considered neutral,…
Bitcoin futures and spot ETF traders capitulate as BTC looks for a bottom
Bitcoin’s (BTC) daily chart registered a bearish three-blind mice pattern over the past three days, taking BTC’s value outside the long-term established range between $110,000 and $90,000. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Over the past 24 hours, Bitcoin tested the fair value gap, but BTC has struggled to establish bullish momentum from the $82,000 range low. Spot Bitcoin ETFs bleed $3.4 billion in February Between Feb. 24 and Feb. 27, Bitcoin registered a significant drawdown of 12.48%, which was accompanied by an extensive period of spot BTC ETF outflows. Data…
Utah One Vote Away, But Some States Fail to Break Through on Crypto Stakes
This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas reportedly advanced a bill to its state Senate. Pennsylvania, Wyoming, Montana, South Dakota and North Dakota have fallen short of the mark in legislative efforts to put public money into crypto. Others — most notably Utah — have made significant progress…
Analyst Reveals When To Start Buying
Este artículo también está disponible en español. The Dogecoin price may be in for more pain, as a crypto analyst has projected another significant breakdown to new lows. On the bright side, the analyst suggests that this retracement will offer a discount for traders who aim to capitalize on the buy-dip opportunities and accumulate ahead of a potential increase. If it fails to break a key resistance area, the Dogecoin price could see another major drop to new lows at $0.125. According to TradingView crypto analyst Dave Hunter, this bearish…
Why newly listed tokens keep crashing
New token listings resemble the stock market on steroids. Without the guardrails of traditional finance, prices swing wildly, making—and more often breaking—fortunes in days, if not hours. Binance exchange is often the listing destination of choice for many of these tokens, which offer traders high-risk bets and the chance to chase the next market sensation. However, a closer look at its listings suggests that these opportunities are statistically bleak. Some analysts argue the odds are closer to zero, as most new Binance listings follow a predictable pump-and-dump cycle, with no…
XRP Price Watch: $2.20 Becomes the Battleground for Bulls and Bears
XRP is trading at $2.20 with a market capitalization of $127 billion, a 24-hour global trade volume of $5.43 billion, and an intraday price range between $2.16 and $2.27, indicating consolidation near key support levels as the cryptocurrency navigates a broader downtrend across multiple timeframes. XRP On the one-hour chart, XRP remains in a tight […] Source CryptoX Portal