Crypto

Source: Bitcoinist After an extended bullish period for Bitcoin, the flagship asset has moved into bearish territory, witnessing a $10,000 value drop in just 2 days. BTC’s price descent has triggered fears of heightened selling pressure in the short term as a significant portion of the asset has been moved into crypto exchanges. Massive Bitcoin…

Source: Coin Tegraph The decentralized perpetual futures trading sector has a new leader: Hyperliquid (HYPE). Launched in December 2024, Hyperliquid has its own Layer-1 blockchain, which has surpassed Solana in 7-day fees.  What’s fueling its rapid growth, and how does HYPE compare relative to Solana’s native token SOL (SOL)? Protocols ranked by 7-day fees, USD….

Source: Bitcoinist The US Securities and Exchange Commission (SEC) has announced its decision to file a joint stipulation with Coinbase Inc. and Coinbase Global Inc. to dismiss the ongoing civil enforcement action against the two entities.  This move marks a pivotal moment not only for Coinbase but also for the broader crypto market, reflecting a…

Source: Coin Tegraph Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets began as a bipartisan issue but gravitated toward the Republican Party in the last election cycle due to the previous administration’s anti-crypto policies. In an interview with Cointelegraph’s Turner Wright during the ETHDenver Conference, Liao pointed to the Securities…

Source: Coin Tegraph In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down. According to…

Source: Bitcoinist Crypto investigators have flagged suspicious transactions linked to wallets associated with MELANIA and LIBRA memecoins. Blockchain data shows that these wallets moved large sums of money, raising concerns about potential money laundering. Around 19,846 SOL, worth about $2.76 million, was used to purchase the POPE memecoin. However, the tokens were later sold for…

Source: Coin Tegraph Dubai-based venture capital firm Disrupt.com has announced plans to invest $100 million in artificial intelligence startups at the intersection of Web3 and other industries, in a move that could further commercialize emerging AI technology.  According to a Feb. 27 announcement, the funds will back AI startups building solutions for cybersecurity, Web3, automotive…

Source: Coin Tegraph Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these levels since October 2024. However, the ETH derivatives market is showing early signs of recovery and strength, suggesting a potential rebound to…

Source: Coin Tegraph The Finance Ministry of Pakistan is considering forming a “National Crypto Council” to explore the legalization of cryptocurrencies in the country, according to a report from local publication Dawn. The change in position came after Finance Minister Muhammad Aurangzeb had a meeting on digital assets with a foreign delegation that included US…

Source: Bitcoinist Dogecoin’s open interest has crashed over $3 billion since January, sparking a bearish sentiment for the foremost meme coin. This critical metric is still at risk of crashing further, given the current outlook in the broader crypto market.  Dogecoin’s Open Interest Crashes Over $3 Billion Since January Coinglass data shows that Dogecoin’s open…