Day: March 3, 2025

Ripple, Cardano Tokens up 60% But Traders Express Caution

U.S. President Donald Trump’s intentions of establishing a national strategic reserve of solana (SOL), cardano (ADA) and XRP sent the assets rocketing as much as 60% on Sunday. Still, traders express caution until plans are more concrete. “The current upward momentum might see a correction in the short term, as investors price in the crypto reserve announcement and determine the legal viability for Trump to create the reserve,” Kevin Guo, director of HashKey Research, told CryptoX in a Telegram message Monday. “Federal Reserve Chairman Jerome Powell previously stated that the…

Dogecoin To Join Trump’s Crypto Reserve? Elon Musk Reacts

boss

Este artículo también está disponible en español. Yesterday, March 2, US President Donald Trump announced the establishment of a US “strategic crypto reserve” designed to bolster America’s position in the crypto sector. The reserve will initially include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA) – not Dogecoin (DOGE). In the wake of this announcement, the broader cryptocurrency market surged by over $300 billion in market capitalization, reflecting significant investor enthusiasm for Trump’s crypto endorsement. Does Dogecoin Have A Chance? Despite the wide-ranging support for digital…

CME Bitcoin futures gap rises, price retracement likely

boss

Bitcoin futures on the Chicago Mercantile Exchange have recorded a $10,350 price gap, the largest CME Bitcoin futures gap in the exchange’s history. According to TradingView’s Mar. 2 data, the CME Bitcoin (BTC) futures closed at $84,650 in the previous session and opened at $95,000 in the next, creating a substantial gap of $10,350. This gap significantly surpasses the previous record of just over $4,000 observed in Aug. 2024. A CME gap occurs because Bitcoin trades 24/7 on global crypto markets, while CME futures pause on weekends. If Bitcoin’s price…

Uphold relaunches crypto staking in the US amid regulatory shifts

boss

Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets. After resuming crypto staking in the United Kingdom in early February, Uphold has now relaunched the feature in the US, the firm said in an announcement shared with Cointelegraph on Monday, March 3. Starting March 3, 2025, Uphold customers in the US can again earn staking rewards on holdings of 19 crypto assets, including Ether (ETH), Cosmos (ATOM) and Polkadot (DOT), with rewards paid out on…

US spot Bitcoin ETFs recorded over $3.5b in net outflows in February

boss

Spot Bitcoin exchange-traded funds in the United States recorded their highest monthly net outflows in February since their launch. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced over $3.5 billion in net outflows during the month—the largest outflows ever recorded in a single month since their inception. This significant shift in investor sentiment came after these ETFs saw approximately $4.8 billion in inflows in January. Notably, Bitcoin ETFs started February on a positive note, with $203.54 million in net inflows during the first week, extending a five-week…

Trump Endorses 5 Cryptos For US National Reserve

boss

United States President Donald Trump has made yet another bold move in the crypto field. After earlier announcing plans to establish a strategic Bitcoin reserve, he now intends to include several additional digital assets. Related Reading In a Truth Social post, Trump stated that the US should stockpile XRP (XRP), Solana (SOL), and Cardano (ADA). He also added Bitcoin (BTC) and Ethereum (ETH) to the list, saying these would be “at the heart of the reserve.” His most recent position has caused market responses and conversations over the potential effects…

Crypto lost to exploits, scams hits $1.5B in February with Bybit hack: CertiK

boss

Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm CertiK. The Feb. 21 attack on Bybit by North Korea’s Lazarus Group was the largest crypto hack ever, more than doubling the $650 million Ronin bridge hack in March 2022, “which was also conducted by Lazarus,” CertiK said in a Feb. 28 X post. February’s lost crypto amount is a nearly 1,500% jump from the $98 million recorded by CertiK…

Crypto tsar David Sacks confirms he doesn’t hold any crypto

boss

White House AI and crypto czar David Sacks confirmed that he does not hold any crypto assets, having sold everything prior to US President Donald Trump’s inauguration. “I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration,” Sacks said on X on March 2. His comments came in response to a Financial Times article shared by George Hammond on March 2, reporting that Sacks’ investment firm, Craft Ventures, retains stakes in a “small number of crypto startups.”  “Both he [Sacks] and the firm…

HIVE Digital Targets 4x Hash Rate Growth & $100M HPC Revenue – Will It Take Off in 2025?

HIVE Digital plans to grow its hash rate 4x by September 2025, potentially placing it among the top 10 public Bitcoin miners by size. Simultaneously, it has $100M ARR target for HPC. Is this small-cap miner an overlooked opportunity? HIVE Digital Sets Sights on Expansion and HPC Revenue The following guest post comes from Bitcoinminingstock.io, […] Source CryptoX Portal