Day: March 2, 2025

Best Presales to Buy After Binance Denies Rumors About Dumping Solana

A Binance spokesperson has clarified that rumors suggesting that the company was dumping some of its crypto holdings, including Ethereum and Solana, are simply untrue. These rumors started doing the rounds on social media almost immediately after the Bybit hack. Speculations suggested that large crypto firms, including Binance, caused the recent market sell-off by aggressively selling and reducing the size of their holdings. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades – Binance Binance’s clarification could be one of the reasons…

Bitcoin STH Average Cost Basis At $90,950 — Why Is It Relevant?

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The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to…

Elon Musk on Joe Rogan: Memecoins Are Just a Casino

Elon Musk has likened the memecoin market to a casino, warning investors about the risks of speculative trading during an appearance on The Joe Rogan Experience. While acknowledging Dogecoin’s origins, Musk cautioned against the broader memecoin frenzy, especially as recent Solana-based token crashes raise concerns about market manipulation. Musk Warns Against Memecoin Mania, Calls Market […] Source CryptoX Portal

THORChain (RUNE) Tipped For 70% Decline Amid North Korean Transactions Debacle

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RUNE, the native token of the THORChain protocol, remains under significant bearish pressure following a 9.09% price decline in the last week. According to crypto analyst Ali Martinez, RUNE is likely far from a market recovery following a bearish flag pattern on its trading chart. RUNE Chart Hints At Major Sell-Off Ahead – Details In technical analysis, a bearish flag is a continuation pattern formed after a significant downtrend, followed by a period of consolidation, before another leg downward. This pattern is characterized by parallel or slightly supporting ascending levels…

Swiss Central Bank Chief Dismisses Bitcoin as Reserve Asset Amid Swiss Crypto Initiative

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President of Swiss National Bank (SNB), Martin Schlegel has dismissed a proposal for the central bank to hold bitcoin in its reserves, citing volatility, liquidity concerns, and security risks. Swiss National Bank Pushes Back Against Bitcoin Reserve Proposal Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of […] Original

Ripple’s President: South Korea Preparing for Institutional Crypto Boom

South Korea is preparing for a surge in institutional cryptocurrency adoption, with Ripple expanding its footprint through a partnership with BDACS. “South Korea is gearing up for a wave of institutional crypto adoption,” said Monica Long, Ripple’s president, emphasizing the growing need for secure, enterprise-grade custody solutions. BDACS will implement Ripple Custody to provide a […] Source CryptoX Portal

Dogecoin Returns To Key Local Peak: Is Another Uptrend Coming?

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Este artículo también está disponible en español. Dogecoin’s price action in the past 24 hours has been characterized by a struggle to hold above the $0.20 price level. Notably, this struggle above $0.20 comes after Dogecoin’s break below the level on the last day of February, marking the first time it traded below $0.20 since November 2024. From a technical outlook, this recent price crash aligns with a pattern that has preceded rallies for DOGE, with the meme coin essentially re-visiting its previous local peak. Dogecoin Price Revisits Local Peaks…

Stellar (XLM) Chart Signals Major Rally —Is A 330% Surge Coming?

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The Stellar (XLM) market has registered a price boost in the past day gaining by 10.77% according to data from CoinMarketCap. This price bounce comes after a rather bearish week marked by significant losses across the general crypto market. Interestingly, as these digital assets show some minor recovery, renowned market analyst Ali Martinez has postulated that XLM may be preparing for a major bullish swing. XLM’s Bullish Flag Could Propel Prices To $1.20 – Analyst In an X post on March 1, Martinez shared an interesting technical analysis of the…

Russia Hits Pause on Digital Ruble—Mass CBDC Adoption Delayed

Russia’s digital ruble rollout is delayed as the central bank refines its economic model, despite a successful pilot with 15 banks, 1,700 citizens, and 30 businesses participating. Bank of Russia Delays Digital Ruble Rollout The Bank of Russia has delayed the full-scale rollout of its central bank digital currency (CBDC), the digital ruble, which was […] Source CryptoX Portal

Bybit hackers resume laundering activities, moving another 62,200 ETH

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North Korea’s Lazarus Group laundered another 62,200 Ether, worth $138 million, from the Feb. 21 Bybit hack on March 1 — leaving only 156,500 left to be moved, a pseudonymous crypto analyst noted. Approximately 343,000 Ether (ETH) of the 499,000 Ether stolen from the $1.4 billion Bybit hack has been moved, said X user EmberCN, who expects the remaining funds to be cleared in the next three days. The 343,000 Ether moved equates to 68.7% of the stolen funds — up from 54% on Feb. 28. EmberCN previously noted that…