Day: March 4, 2025

Bitcoin Holders Reawaken—Large Transfers Follow $90K Recovery

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Este artículo también está disponible en español. Bitcoin, the world’s top digital asset, surged by over 20% Monday from last week’s lows, with major altcoins following suit. The crypto’s rally immediately came after US President Donald Trump’s announcement that the administration is considering a strategic reserve covering Bitcoin, Solana, Cardano, Ethereum and XRP. Bitcoin’s response was immediate—from a low of $85k on March 2, the alpha coin bounced past $90k on Monday. Related Reading The day’s price action also came with massive fund movement, particularly among old Bitcoin wallets. According…

Off The Grid’s ‘biggest update yet,’ Rumble Kong League review: Web3 Gamer

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Off The Grid introduces huge update for Teardrop Island Avalanche-based blockchain shooter Off The Grid has dropped its most significant update yet for one of its five major maps, adding a new playable location, cyberlimb, side event, and a bunch of gameplay improvements. “Teardrop has just deployed its BIGGEST UPDATE YET!” Off The Grid said in a Feb. 28 X post. The game has introduced Midtown Harbour to the Teardrop Island map, a new playable area south of urban neighborhood-themed area Little Kyiv and west of other playable locations Marshlands…

​Mexican Billionaire Ricardo Salinas allocates 70% of his portfolio to Bitcoin

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Mexican billionaire Ricardo Salinas has disclosed that 70% of his investment portfolio is allocated to Bitcoin-related assets. The remaining 30% is invested in gold and shares of gold mining companies, according to a Salinas interview with Bloomberg.  Salinas, who serves as chairman of Grupo Salinas — a conglomerate with interests spanning telecommunications, media, financial services, and retail — emphasized his preference for these “hardest assets” during the interview. ​ Salinas’s investment strategy is notably unconventional, as he eschews traditional assets like bonds and external company stocks.  He stated, “I don’t…

Bitcoin sags toward $80K as US dollar strength bounces off 12-week low

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Bitcoin (BTC) stayed volatile at the March 4 Wall Street open as weak crypto markets weighed the impact of US trade tariffs. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin edges closer to multimonth lows Data from Cointelegraph Markets Pro and TradingView showed new local lows of $82,037 for BTC/USD on Bitstamp. A rebound then took the pair, still down over $10,000 versus the prior day’s high, to near $85,000. Bitcoin and altcoins felt the heat thanks to US tariffs against Mexico and Canada going into effect, while plans for a US…

Bitcoin Drops Below $83,000 While Treasury Yields Plunged, Offering Hope for Crypto

As if the bursting of a speculative bubble in memecoins wasn’t enough to send crypto markets tumbling over the past weeks, a general risk off sentiment in traditional finance is adding to the pressure. Perhaps in a bit of a speculative bubble themselves, the major U.S. stock market averages have been in quick retreat of late, triggered by a series of tariff threats from President Trump. Threats no more, 25% levies against goods from Mexico and Canada went into effect today, among additional taxes on Chinese goods. Falling another 2.6%…

Tariff War Hits ETH, XRP, And SOL Hard

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The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump’s announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.”  This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties. Short-Lived Crypto Rally Initially, president Donald Trump’s announcement led to impressive gains across the board. XRP surged by 32% in the hours…

Marathon Digital stock down 5% amid concerning Bitcoin production announcement

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Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. Marathon Digital‘s Bitcoin (BTC) production dropped 6% month-over-month in February due to higher network difficulty and fewer operational days, the company said. In a Bitcoin production report released on March 4, the Florida-based company revealed a 4% increase in crypto production per day compared to January, although Bitcoin production decreased by 6% month-over-month. Despite the decline, Marathon’s energized hashrate remained stable, the company emphasized. “Blocks won…

Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession

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Este artículo también está disponible en español. In his latest blog post, titled “KISS of Death,” former BitMEX CEO Arthur Hayes outlines a provocative thesis on the trajectory of Bitcoin and broader financial markets under the renewed presidency of Donald Trump. Hayes—who has long held bullish views on crypto—argues that a convergence of fiscal and monetary policies could catapult Bitcoin’s price to as high as $1 million during the Trump 2.0 era, but only after a period of recession-driven turmoil. Breaking Down Bitcoin’s “KISS Of Death” Hayes’s framework revolves around…

SSV Labs proposes decentralized staking module for Lido on Ethereum

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Update March 4, 2:40 pm UTC): This article has been updated to include information on Clusterform’s role in filing the proposal. Clusterform, an independent subsidiary of SSV Labs, has proposed a new permissionless staking module for Lido, aiming to expand the scope of node operators who can use the Lido protocol in a scalable and decentralized manner. The firm proposed a permissionless staking module that leverages SSV Network’s Distributed Validator Technology (DVT) to integrate node operators (NOs) into the operator set of Lido on Ethereum. If approved, the proposal would…

Turkish digital bank Bankpozitif to debut crypto custody with Taurus

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Turkish digital bank BankPozitif is set to launch cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, making it the latest financial institution in Turkey to embrace digital assets. On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional clients to store crypto assets with the bank. The service is expected to be rolled out by June and will initially feature support for the top five crypto assets by market cap, including Bitcoin (BTC), Ether (BTC), Tether USDt (USDT), XRP (XRP) and Solana (SOL), a spokesperson…