Day: February 27, 2025

XRP Price Crash Almost Over—Analyst Says $8 Is Next

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Este artículo también está disponible en español. In line with the broader market trend, the XRP price is down almost -35% since its mid-January peak at $3.40, but according to analyst Dark Defender (@DefendDark), the downward trend may soon reach its conclusion. In his latest technical analysis, he highlights that XRP is finalizing an ABC correction pattern on the daily timeframe, supported by the fact that the Relative Strength Index (RSI) is approaching oversold conditions. This could indicate an imminent trend reversal leading to a new bullish wave structure. The…

After years of groundwork, Bitcoin DeFi is ready to soar

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. 2025 is the year when Bitcoin (BTC) will reach its turning point. Historically regarded as a “store of value,” its role in decentralized finance has been minimal, capturing only close to 0.3% of its market cap compared to Ethereum (ETH) dominant position. Ethereum’s programmability has made it the natural home for DeFi, but Bitcoin’s $2 trillion market cap and unmatched security present an untapped opportunity ripe for…

Bitcoin whale ‘Spoofy’ accumulates $344M BTC as price tumbles below $90K

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A Bitcoin whale known as “Spoofy” acquired more than $340 million worth of BTC on the Bitfinex exchange as Bitcoin’s price dropped below $90,000. On Feb. 27, community members reported that the whale had accumulated 4,000 Bitcoin (BTC) while the asset hovered between $82,000 and $85,000. The position is worth around $344 million at the current BTC price.  Crypto analyst Saint Pump identified the whale as Spoofy, regarded as one of the biggest traders in the space.  The entity known as Spoofy has a history of influencing Bitcoin markets. In…

Pakistan Wants to Set Up Crypto Council to Oversee Policy: Report

Pakistan has said it will set up a national crypto council to develop legislation for the sector, following a meeting with President Donald Trump’s digital asset advisors, according to a report by local news site Dawn. The council would be a dedicated advisory body that consists of government representatives, regulatory authorities and industry experts. It would oversee policy development as well as collaborate with countries to develop standardised frameworks, the report added, citing a statement from the finance ministry. Till last year, the nation’s finance ministry had been opposed to…

Pump.Fun’s X Hacked, Promotes Fake Token

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Este artículo también está disponible en español. The Solana-based memecoin Launchpad Pump.fun’s X account has been hacked and used to promote fake cryptocurrencies, including an “official” PUMP governance token. On-chain investigators suspect the hack is linked to other X account compromises. Related Reading Pump.Fun Hackers Launch PUMP Memecoin On Wednesday, Pump.fun’s official X account was compromised, with hackers promoting different tokens during the incident. The account started to post different contract addresses (CA) for various memecoins before deleting them. The hackers initially shared the contact address of PUMP, the “official…

Cinkciarz.pl Allegedly Seeks Customer Payments Despite Inability to Process Currency Exchanges

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Conotoxia Holding’s subsidiary Cinkciarz.pl is reportedly urging customers to fulfill payment obligations for currency exchange transactions despite the company’s inability to process these transactions due to prosecutor-ordered account freezes. Currency Exchange Giant Cinkciarz.pl Demands Payments The currency exchange service, which has operated for over 14 years, claims the account blockages have caused “tremendous financial losses” for both the company and its clients. In a statement released today (Thursday), Cinkciarz.pl encouraged customers to file complaints with Poland’s Financial Supervisory Authority (KNF) and the prosecutor’s office, which it blames for the situation.…

Metaplanet issues $13.6m in ordinary bonds to buy more Bitcoin

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Japan’s investment firm Metaplanet has issued $13.6 million in 0% ordinary bonds to fund the purchase of additional Bitcoin. Tokyo-listed firm Metaplanet is issuing 2 billion JPY (around $13.6 million) in bonds to EVO FUND, with the funds aimed at purchasing more Bitcoin (BTC) as part of the firm’s ongoing strategy to increase its holdings in digital assets. In a Feb. 27 regulatory filing, Metaplanet said the bonds carry no interest and will be redeemed at face value on Aug. 26. However, the bondholder, EVO FUND, has the option to…

MARA Holdings Q4 revenue grows as Bitcoin reserves rise

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Bitcoin miner MARA Holdings posted record-breaking earnings for Q4 2024, with revenue climbing 37% to $214.4 million and full-year revenue surging 69% to $656.4 million. According to its Feb. 27 Q4 2024 Shareholder Letter, MARA earned a net income of $528.3 million, a 248% rise year-over-year. Setting an industry standard, adjusted EBITDA, a profitability metric that does not include non-operational expenses like taxes and interest, rose 207% to $794.4 million.  MARA mined 2,492 Bitcoin (BTC) in Q4, a 25% increase in total blocks won year-over-year, even though the April 2024…