Day: March 27, 2025

South Korea temporarily lifts Upbit’s 3-month ban on serving new clients

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A South Korean court temporarily lifted the partial business suspension on crypto exchange Upbit that had prohibited the trading platform from servicing new clients for three months.  On Feb. 25, South Korea’s Financial Intelligence Unit (FIU) sanctioned the exchange, imposing a three-month ban on deposits and withdrawals for new clients. The FIU previously said the suspension was in response to Upbit’s violations of policies that prohibit exchanges from transacting with unregistered virtual asset service providers (VASPs).  In response to the FIU’s sanction, Upbit’s parent company, Dunamu, filed a lawsuit against…

SUI Reclaims $2.40 Support Amid Breakout, New ATH Coming?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Sui Network’s native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly…

Bitcoin price prediction markets bet BTC won’t go higher than $138K in 2025

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BItcoin (BTC) retains a $138,000 price target for 2025 as the market recovers from US trade tariffs, new analysis concludes. Data covering bets on prediction service Polymarket suggests that BTC/USD could still gain around 60% from current levels this year. “Conservative” Polymarket users cap BTC price upside at 60% Bitcoin bull market projections have taken a beating this quarter thanks to multiple setbacks impacting crypto and the wider risk-asset spectrum. Now, an assessment of all potential BTC price outcomes on Polymarket concludes that the bull market cycle may be capped…

Bitlayer Integrates BitVM Bridge With Xverse Wallet to Advance Bitcoin DeFi

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Bitlayer has announced the integration of the BitVM Bridge with Xverse Wallet, a bitcoin wallet that supports customizable Bitcoin testnet configurations. This collaboration allows users to access the trust-minimized BitVM Bridge seamlessly through the Xverse Wallet, enhancing the adoption of BitVM technology in the Bitcoin decentralized finance (DeFi) space. As a member of the BitVM […] Original

Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’

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Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence. While the asset remains down approximately 20.2% from its all-time high set in January, the current rebound suggests a pause in downward pressure and a potential reassessment among market participants. Despite the recent uptick, traders and analysts remain cautious. Market behavior has been mixed, with on-chain metrics and trading activity offering differing signals. CryptoQuant contributor Nino recently provided a…

Dogecoin Gains, XRP Slumps as Trump Warns of ‘Far Larger’ Tariffs

Risk assets such as bitcoin (BTC), xrp (XRP), solana (SOL) are back in focus as President Donald Trump warned of even more reciprocal tariffs if other countries collude to do “economic harm” to the U.S. “If the European Union works with Canada in order to do economic harm to the USA,” he wrote in a Truth Social post in early Asian hours Thursday, “large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries…

DeFi’s yield model is broken — Here’s how we fix it

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Opinion by: Marc Boiron, chief executive officer of Polygon Labs Decentralized finance (DeFi) needs a reality check. Protocols have chased growth through token emissions that promise eye-popping annual percentage yields (APYs) for years, only to watch liquidity evaporate when incentives dry up. The current state of DeFi is too driven by mercenary capital, which is creating artificial ecosystems doomed to collapse. The industry has been caught in a destructive cycle: Launch a governance token, distribute it generously to liquidity providers to boost total value locked (TVL), celebrate growth metrics, and…

Bitcoin exchanges supply hits 8-year low

Bitcoin exchanges supply has dropped to its lowest in 8 years, sparking hopes of a price recovery towards a new BTC all-time high. According to a Mar. 27 post on X by blockchain analytics firm Santiment, Bitcoin’s (BTC) supply on exchanges has dropped to 7.53%, its lowest level since 2018. This implies that more investors are moving their Bitcoin into self-custody, which lowers the amount available for immediate selling.  Because it signifies less short-term sell pressure and rising confidence among holders, a declining exchange supply is frequently interpreted as a…

GameStop Targets Crypto: $1B In Convertible Senior Notes For Bitcoin Purchase

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GameStop, the video game retail company, experienced a significant downturn in its stock (GME) price, sliding more than 8% in after-hours trading on Wednesday, following the announcement that the company plans to raise $1.3 billion to invest in Bitcoin (BTC) through the issuance of convertible senior notes.  This move comes just a day after GameStop shares surged nearly 12% when the company revealed that its board had unanimously approved an update to its investment policy, designating Bitcoin as a treasury reserve asset. GameStop Planned Bitcoin Investment The planned investment in…

a Bull Trap or Breakout? Market Index Reveals Crucial Clues

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…