Day: March 3, 2025

Layer-2 BOB’s ‘Bitcoin DeFi’ Continues Progress With Fireblocks Integration

Hybrid layer-2 network BOB’s mission to make Bitcoin the center of the decentralized finance (DeFi) universe continues through its integration with crypto custody firm Fireblocks. The integration means the over 2,000 entities using Fireblocks will get access to BOB’s DeFi ecosystem, which has total value locked (TVL) of around $250 million. These users can now earn yield on their BTC holdings via BOB’s network, according to an announcement shared with CryptoX on Monday. BOB, an abbreviation of “Build on Bitcoin”, has the goal of making Bitcoin the foundational network for…

Yuga Labs says SEC has dropped its investigation into the NFT firm

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Non-fungible token (NFT) conglomerate Yuga Labs says the US Securities and Exchange Commission has closed its investigation into the company. “After 3+ years, the SEC has officially closed its investigation into Yuga Labs,” the company said in a March 3 X post. “This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.” Bloomberg first reported in October 2022 that the SEC opened a probe into Yuga Labs to determine if certain NFTs were more like traditional stocks and, therefore, securities under US…

Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish

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Este artículo también está disponible en español. After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists…

Bitcoin Slides Massively: Economic Uncertainty Amid Trump’s Latest Tariff Announcement

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President Donald Trump’s March 3, 2025, proposal to impose 25% tariffs on imported agricultural goods triggered sharp volatility in cryptocurrency markets, with bitcoin’s price oscillating between $85,101 and $93,695 amid broader financial turbulence. Trump Giveth and Then Taketh Away—All Eyes Are on the U.S. President Trump’s plan, set to take effect April 2, 2025, targets […] Original

Streamer Amouranth claims she was robbed at gunpoint over crypto fortune

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Late at night on March 2, popular streamer Amouranth, whose real name is Kaitlyn Siragusa, made a series of posts on X saying she was the subject of a home invasion by robbers who “wanted crypto is what they were yelling.” Source: Amouranth In November 2024, Amouranth posted a screenshot from her Coinbase account showing she held around 211 Bitcoin (BTC), which was worth $20 million at the time. The screenshot also showed she held around $80,000 in Ether (ETH). She posted an update on March 3, hours after the…

Crypto Liquidations Near $1 Billion As Bitcoin & Altcoins Bounce Back

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Este artículo también está disponible en español. Data shows the cryptocurrency market has witnessed massive liquidations during the past day following the recovery Bitcoin and the altcoins have made. Bitcoin & Altcoins Have Jumped Back Following Trump’s Announcement Bitcoin and the rest of the cryptocurrency sector ended February on a very bearish note, as the market went through a deep drawdown that took BTC to as low as $78,000. In a flash, however, the digital assets have seen their fates flip during the past day. Related Reading The impetus behind…

Bitcoin revisits $85k as crypto reserve gains fade

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Bitcoin retreated to $85,000, erasing gains from last weekend’s U.S. crypto reserve hype sparked by President Donald Trump. Crypto markets reversed course after approximately $330 billion flowed into Bitcoin (BTC) and other digital assets on Sunday, March 2, marking one of the strongest daily increases ever recorded for cryptocurrencies. The total crypto market capitalization fell more than 10%, dropping to $2.9 trillion after previously surging to $3.2 trillion. Bitcoin’s 8% decline below $85,500 amid a broad market sell-off wiped out all the Trump-fueled gains from the weekend. The U.S. President…

Bitcoin price action mirrors 2019 ‘Xi pump,’ are new BTC lows incoming?

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Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart. Source: Cointelegraph/TradingView Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle, closing at $94,222. With prices retesting the $95,000 overhead resistance, one analyst remained cautious about a repeat of 2019’s “Xi pump.” Will Trump-pump follow the Xi-pump path? In 2019, during a prolonged bearish trading period…

Ripple’s Chris Larsen Holding $7,180,000,000 in XRP, Sent $109,000,000 Worth to Exchanges in January: ZachXBT

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Ripple co-founder and executive chairman Chris Larsen still controls over $7 billion in XRP tokens, according to on-chain investigator ZachXBT. Posting in his Telegram channel, ZachXBT lists seven addresses on the XRP Ledger (XRPL) that he says were activated by Larsen and are still active today. The on-chain sleuth also says that Larsen sent over $109 million worth of XRP to crypto exchanges in January alone, presumably to sell on the open market. “With the announcement of the US Crypto Reserve here’s your reminder that XRP addresses activated by Chris Larsen…

Investors continue to back DePIN, Web3 gaming, layer-1 RWAs

The first quarter of 2025 has been highly volatile for crypto. Investor sentiment has swung from one extreme to the other as Bitcoin (BTC) rallied to all-time highs, endured a major correction, and received a major presidential boost from Donald Trump. Amid all the noise, venture capital firms continued to broaden their exposure to blockchain and crypto startups across decentralized physical infrastructure networks (DePINs), Web3 gaming, real-world asset (RWA) tokenization and derivatives exchange markets.  The latest edition of VC Roundup features seven funding announcements from across the industry.  Alchemy announces…