Month: March 2025

US stablecoin bill likely in ‘next 2 months’ — Trump’s crypto council head

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Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said comprehensive stablecoin legislation is expected to be finalized in the coming months, underscoring the government’s urgency to maintain the US dollar’s dominance in onchain activity.  Speaking at the Digital Asset Summit in New York on March 18, Hines said stablecoin legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week.  The GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins, establishes collateralization guidelines for…

Binance CEO reiterates denial of Trump family deal talks

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Binance CEO Richard Teng denied reports that Binance.US was in deal talks with entities affiliated with US President Donald Trump during a March 18 panel at Blockworks’ 2025 Digital Asset Summit in New York. Teng’s statement reiterated the position taken by Binance’s founder, Changpeng “CZ” Zhao, and Trump, both of whom denied the story last week. On March 13, The Wall Street Journal reported that Binance.US, an independently-operated US cryptocurrency exchange, was discussing selling an equity interest to Trump-affiliated business entities, including a possible deal with World Liberty Financial, the…

Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?

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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. Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists. Bulls have lost control, and speculation about a…

Crypto․com Pushes Through 70 Billion CRO Re-Mint Despite Community Backlash

Crypto.com has greenlit the controversial re-minting of 70 billion CRO tokens, overriding widespread community opposition with a last-minute surge in validator votes controlled by the exchange. Crypto.com Re-Mints 70 Billion CRO Tokens After Last-Minute Vote Surge Crypto.com has pushed forward a highly contentious proposal to re-mint 70 billion CRO tokens, previously burned in 2021, despite […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Was the launch a dud, or is more to come?

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Solana futures (SOL) on the Chicago Mercantile Exchange (CME) went live on March 17, with a trading volume of $12.1 million on day 1, which fell short compared to Bitcoin (BTC) and Ethereum’s (ETH) CME futures debut. CME Crypto futures comparison by Vetle Lunde. Source: X.com Vetle Lunde, Head of Research at K33Research, compared the difference between Bitcoin (BTC), Ether (ETH) and Solana (SOL) CME futures trading performances on their launch day, and it is clear that SOL’s CME futures volume and open interest came in far below its competitors.…

OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime

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The crypto exchange OKX has decided to “temporarily suspend” its decentralized exchange (DEX) aggregator after consulting with regulators. Traders use data from DEX aggregators to find the best-priced trades across various decentralized exchanges. OKX’s aggregator has recently come under scrutiny. Last month, hackers stole a staggering $1.4 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from the crypto exchange Bybit. Pseudonymous on-chain investigator ZachXBT linked the exploit to the Lazarus Group, an infamous North Korean cybercriminal outfit. Earlier this month, Ben Zhao, Bybit’s chief executive, said $100 million worth…

BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets

BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone. This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout…

Metaplanet buys the dip with 150-BTC purchase

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Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 150 Bitcoin (BTC), bringing it one step closer to its plan of acquiring 21,000 BTC by 2026. The March 18 purchase cost an aggregate 1.88 billion yen ($12.6 million) or $83,671 per Bitcoin. The purchase brings Metaplanet’s total holdings to 3,200 BTC worth $261.8 million at this time of writing. Despite this latest buy, Metaplanet’s stock price has fallen 0.5% on the day. On March 5, the company’s stock price jumped 19% after it announced its latest Bitcoin buy of…

Gold Hits Historic $3,038: Geopolitical Heat, Trump Policies Ignite Rally

On Tuesday, March 18, 2025, gold soared to an unprecedented zenith, breaching the $3,038-per-ounce threshold in spot trading—a historic pinnacle fueled by simmering global anxieties. Analysts attribute this rally to a confluence of destabilizing forces: escalating friction between Israel, Hezbollah, and Iran; strained U.S.-Iran diplomacy; recurrent Houthi maritime disruptions; and the reverberations of President Donald […] Source CryptoX Portal

How Elastos uses Bitcoin’s security to power DeFi

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The decentralized finance (DeFi) landscape continues to evolve, and Bitcoin-centric solutions are gaining momentum. BTCFi is an emerging sector that transforms Bitcoin (BTC) from a passive store of value into an actively utilized asset in DeFi.  A new report by Cointelegraph Research and Elastos delves into how Bitcoin’s security helps to create trustless, scalable financial ecosystems. Bitcoin’s expanding role in DeFi DeFi has traditionally been dominated by Ethereum, which accounts for over 50% of the sector’s total $175 billion total value locked (TVL). However, Bitcoin’s strong security and liquidity make…