Day: February 27, 2025

Pump.fun X hack reveals security concerns at critical juncture for memecoins

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Hackers gained access to the memecoin platform Pump.fun’s X account on Feb. 26, raising questions about security at a crucial time for memecoins and the crypto industry as a whole. The platform has since regained control over its X account. Pump.fun said that it’s unlikely any of its staff are at fault as it followed “industry best-practices, and focused on minimizing the risk of such an event occurring.” According to blockchain sleuths like ZachXBT, the attack on the platform may have been perpetrated by the same hackers responsible for other…

Bitcoin price to crash and rebound after Lunar Eclipse, astrology pro predicts

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Bitcoin price remains in a technical correction, and the ongoing correction could persist for a few weeks.  Bitcoin (BTC) bottomed at $82,177 this week as it briefly moved into a bear market. It has since crawled back to $86,200 following strong Nvidia earnings results. An anonymous crypto analyst who uses astrology concepts has predicted that Bitcoin and other altcoins will continue crashing until March 13. He claims that the period between Feb. 25 and March 13 is often risky for cryptocurrencies and stocks. Basically we have a $Crypto danger zone…

Ethereum eyes $6,000, while crypto traders accumulate Yeti Ouro before it surges

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum eyes a surge to $6,000, while crypto traders accumulate Yeti Ouro, betting on its potential surge in blockchain gaming. Ethereum (ETH) is back in the headlines with big expectations. Some analysts are calling for ETH to hit $6,000 by year-end, driven by technical upgrades, ETFs, and growing DeFi adoption. But it’s not just the old guard making waves— traders are quietly piling into Yeti Ouro (YETIO), a new…

Metaplanet Issues $13.6 Million in Zero Percent Bonds to Buy More Bitcoin

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Tokyo-based Metaplanet Inc. has announced the issuance of its 7th series of ordinary bonds to raise $13.6 million (2 billion yen) to fund additional bitcoin purchases. The move, approved on Wednesday, Feb. 27, aligns with the company’s growing bitcoin treasury strategy. This follows Metaplanet’s recent $12.9 million purchase, expanding its holdings to 2,235 BTC. The […] Original

Is Strategy on the Brink of Forced Bitcoin Liquidation?

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Is forced liquidation looming for Bitcoin’s biggest corporate believer? Strategy’s stock is crumbling, Bitcoin is struggling, and debt is piling up. Could the company’s aggressive strategy backfire? Forced liquidation fears explode For months, Strategy (formerly MicroStrategy) had been riding high, propelled by Bitcoin’s (BTC) relentless rally and renewed optimism in crypto markets following pro-crypto Donald Trump’s return to the White House.  The company’s stock soared to an all-time high of $543 in November 2024, mirroring Bitcoin’s surge to fresh records. But the euphoria didn’t last. On Feb. 26, MSTR plunged…

Data Shows Bitcoin’s 15% Drop Is Still ‘Modest’—Here’s Why

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Este artículo también está disponible en español. The largest cryptocurrency in the world, Bitcoin has plunged a dramatic 11% from its all-time high. Although some investors might find this price devaluation alarming, historical data indicates that it is really small in respect to the other market cycles of the cryptocurrencies. The past price trends of Bitcoin show several abrupt declines and rises; volatility is always present. One has to consider the context of this most recent decline in order to evaluate its future course. Related Reading Bitcoin price trapped in…

Bitcoin ETFs Mark Seven Day Outflow Streak With $755 Million in Outflows

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The crypto market continues to face significant challenges with bitcoin ETFs experiencing a seventh consecutive day of outflows, totaling $755 million on Wednesday, Feb. 26. Ether ETFs also saw their fifth straight day of outflows, amounting to $94 million. Sustained Outflows As Bitcoin and Ether ETFs Face Continued Investor Pullback Investor sentiment remained bearish as […] Original

Suspicious outflows detected from wallet linked to Mask Network founder

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Onchain cybersecurity platform Cyvers detected suspicious outflows on Feb. 27 from an address linked to Mask Network founder Suji Yan. According to Cyvers, other flagged addresses received about $4 million in cryptocurrencies, primarily in Ether (ETH)-linked tokens. The digital assets suspected to have been stolen included 113 ETH, valued at over $265,000 at the time of writing, 923 WETH, 301 ezETH, 156 weETH, 90 pufET, 48,400 MASK, 50,000 USDt (USDT) and 15 swETH. Tracing the compromised transaction flow. Source: Cyvers Alerts Following the initial compromise, the funds were then swapped…

BTC’s CME Gap in Spotlight as Price Sell-Off Puts Focus on Non-Traded Zone Below $80K

Bitcoin (BTC) has dropped 10% to $86,300 this week, diving out of a prolonged period of trading between $90,000 and $110,000. The so-called bearish range breakdown has traders closely examining charts for clues about where the sell-off may drive prices next. One of the key levels under scrutiny is the “runaway gap” in CME bitcoin futures below $80,000, which formed three months ago. A gap is a blank space on a price chart between the closing or high price on a specific day and the next opening price, signifying that…

Bitcoin crash led to $2.16b in losses, mostly from recent buyers

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Bitcoin’s price drop led to more than $2.16 billion in realized losses, with most of them coming from recent BTC buyers. In a recent analysis thread, Glassnode found that between Feb. 25 up until Feb. 27, traders lost more than $2.16 billion in realized losses due to the crypto crash that started on Feb. 25 when the price of BTC (BTC) dropped below $90,000 for the first time since November 2024. The platform breaks down the losses suffered by traders based on when they bought BTC and the market impact…