Month: March 2025

Was $520M Bitcoin short 40x leverage on Hyperliquid a setup?

Analysts speculate that a whale may have set up a $520 million Bitcoin short 40x leverage position on Hyperliquid as a trap to trigger a massive long. On Mar. 16, a Bitcoin (BTC) whale placed a massive $520 million short position on Hyperliquid (HYPE) using 40x leverage, making it one of the largest known trades on the decentralized exchange. With a liquidation price of $85,561, the trade would be wiped out if Bitcoin rose just 1.75% from his entry at $83,898. This immediately drew the attention of traders who saw…

Musk says he found ‘magic money computers’ printing money ‘out of thin air’

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US government cost-cutting csar Elon Musk claims to have found at least 14 “magic money computers” in the federal government with the ability to send money from nothing. Musk said the computers, which exist in several federal departments, including the Treasury, Defense and Health and Human Services departments, can essentially issue payments and send money from nothing. “You may think that the government computers all talk to each other, they’re synchronized, they add up what funds are going where, and it’s coherent and that the numbers you’re presented as a…

Bitcoin price near breakout as past trends signal recovery

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Bitcoin price has been stuck in a tight range but historical trends and on-chain data suggest a breakout could be coming soon. Bitcoin (BTC) has been trapped between highs of $84,000 and $82,000 with buyers finding it difficult to push higher. Although the market is still cautious, historical patterns and data point to the possibility of a breakout. According to analyst Rekt Capital’s Mar. 18 post on X, Bitcoin’s current price action and its movement in June 2021 are similar. Following a steep decline, Bitcoin was trapped between the 21-week…

Solana deletes ‘cringe’ ad criticized for being ‘tone deaf’ on gender issues

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The team behind blockchain network Solana has deleted a controversial advertisement posted on its X account after immense backlash over political messaging around gender identity. The more than two-and-a-half-minute ad for the Solana Accelerate conference posted on March 17 with the caption “America is back. Time to Accelerate” depicted a man as “America” in a therapy session who said he was having thoughts “about innovation” such as crypto. The therapist responds he should do “something more productive, like coming up with a new gender” and later says the man should…

Canary Capital adds SUI to crypto ETF filings

Canary Capital has added layer-1 blockchain token Sui to its list of potential ETFs. Canary Capital reportedly filed documents with the U.S. Securities and Exchange Commission (SEC) to list and trade shares for a spot exchange-traded product tracking layer-1 cryptocurrency Sui. (SUI). The S-1 filing, also called registration of securities, came after Canary registered a Sui trust in Delaware on March 7 ahead of formal paperwork submitted to the SEC. A potential spot SUI ETF expands the firm’s existing basket of bids for crypto products on Wall Street. Canaray Capital…

Analyst Predicts Dogecoin And Altcoins’ Next Surge – The Timeline

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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. In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary…

Arbitrum devs launch incubator-style program ‘Onchain Labs’

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Offchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs. According to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum’s existing decentralized application (DApp) offerings with a particular focus on supporting “innovative and experimental” projects.  Offchain Labs said this support will primarily come in the form of product and go-to-market advice and won’t provide engineering or other operational resources.  It also added that while it’s…

SEC could axe proposed Biden-era crypto custody rule, says acting chief

The US Securities and Exchange Commission could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers, according to the agency’s acting chair, Mark Uyeda. In prepared remarks to an investment industry conference in San Diego on March 17, Uyeda said the rule proposed in February 2023 had seen commenters express “significant concern” over its “broad scope.” “Given such concern, there may be significant challenges to proceeding with the original proposal. As such, I have asked the SEC staff to work…

XRP To Triple Digits? Analyst Confident In $100 Price Goal

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As one of the top-performing digital assets in the 4Q of 2024, it’s only natural that Ripple’s XRP attracts attention from its detractors and bullish supporters. The bearish sentiment has been wearing down the asset in the last few weeks, pushing the altcoin to as low as $1.96 last March 11th, the lowest in its three-month chart. XRP has been highly volatile this month, trading between $2.30 and $2.47, still down by 1.6% from its previous month’s price.  The sentiment is still bearish, but for some crypto analysts like Captain,…