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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Crypto Market Crash Today : 28th FEB – XRP News Why is Bitcoin Crashing?, Pi Network Price ,Trump Tariff

February 28, 2025 17:58:26 UTC

Binance Denies Rumors of Selling Holdings Amid Market Crash

Binance has denied rumors that it has been selling off its holdings, despite claims circulating on social media during the recent market downturn. The crypto market saw a sharp drop after the $1.4 billion Bybit hack, causing Bitcoinโ€™s price to fall to $78,197, a level not seen since November 2024. Speculation emerged when data revealed market makers withdrew significant amounts of Solana (SOL) from Binance hot wallets, causing crypto investors to wrongly believe the exchange was selling its holdings. Binance has denied the claims, explaining that they stem from a misunderstanding of its role as an exchange.

February 28, 2025 17:35:51 UTC

Ethereum Foundation Creates Advisory Group To Preserve Core Values

The Ethereum Foundation (EF) has created a new advisory group called the “Silviculture Society” to help preserve the core values of the Ethereum network. The group will provide informal counsel to the EF and tend โ€œto the (dark or otherwise) forests in the infinite garden of Ethereum.โ€ The group would work to ensure that Ethereum sustains its core values of open source, privacy, security and censorship resistance. The group includes 15 experts such as researchers, developers, and project founders who will help guide Ethereum’s growth while maintaining these core values.

February 28, 2025 17:24:11 UTC

BlackRock Adds iShares Bitcoin Trust (IBIT) to Model Portfolio, Could Boost Demand

In a latest update, BlackRock has incorporated Bitcoin into its $150 billion model portfolio framework. It added a 1% to 2% allocation to IBIT in its target allocation portfolio that allows for alternative assets, according to James Seyffart, ETF analyst at Bloomberg Intelligence. The move could boost demand for the fund, which is the largest spot bitcoin ETF by assets. However, with recent drops in crypto prices, IBIT saw a record $418.1 million in net outflows on Wednesday. Despite this, BlackRock’s spot bitcoin ETF remains the leader in the market, with over $48 billion in assets.

February 28, 2025 16:58:14 UTC

Grayscale Smart Contract Fund Puts Solana Ahead of Ethereum in Latest Allocation

Grayscale Smart Contract Fund has recently announced its latest portfolio allocation. Solana (SOL) takes the lead in this fund with a 31.30% allocation, slightly surpassing Ethereum (ETH), which stands at 31.22%. Other prominent cryptocurrencies in the fund include Cardano (ADA) with 18.23%, Avalanche (AVAX) at 7.26%, Sui (SUI) holding 6.50%, Near Protocol (NEAR) at 2.95%, and Polkadot (DOT) with 2.54%. The fund adopts market capitalization weighting and rebalances once a quarter, with a 30% cap per asset.

February 28, 2025 16:48:53 UTC

Bitdeer Buys 50 Bitcoins as Crypto Market Dips

Bitdeer Technologies (BTDR) purchased 50 bitcoins (BTC) at an average price of $81,475 each, seizing the opportunity to increase its holdings as Bitcoin appeared to be heading for its worst month since June 2022. With this purchase, Bitdeer’s total bitcoin holdings have increased to 855 BTC, valued at around $69 million. The company’s shares dropped 0.64% at the open, falling just below $11, as Bitcoin and the broader crypto market declined by 4% in the past 24 hours.

February 28, 2025 16:23:12 UTC

CME Group To Launch Solana Futures, Solana ETF Approval Next?

CME Group, the worldโ€™s leading derivatives marketplace, plans to launch Solana (SOL) futures on March 17 subject to regulatory approval. Market participants will be able to trade both a micro-sized contract (25 SOL) and larger-sized contract (500 SOL). The CME Group’s decision to launch Solana futures could influence the US SEC to approve applications for Solana-based ETFs. Nate Geraci, president of the ETF store, also believes that this move is a positive sign for the approval of a Solana ETF. Previously, the SEC had concerns about crypto ETFs being manipulated, but a court ruling linked futures and spot markets. If Solana futures launch, the SEC may have no reason to block a Solana spot ETF.

February 28, 2025 16:06:49 UTC

Trump Organization Files Trademark for ‘TRUMP’ To Venture into Digital Space

The Trump Organization is venturing into the digital space. On February 24, 2025, DTTM Operations LLC, which handles Trump-related trademarks, filed a trademark application for the name “TRUMP” with the USPTO. The filing suggests a virtual world where users can engage with Trump-branded content, including clothing, footwear, and accessories for avatars. It also hints at a virtual Trump-branded restaurant for an interactive dining experience, plus online training programs in public service, business, real estate, and hospitality.

February 28, 2025 15:13:21 UTC

US PCE Price Index Rises 2.5% in January, Meeting Expectations

The PCE price index, the Fed’s top inflation gauge, rose 2.5% in January, matching expectations and bringing some relief after earlier inflation numbers came in hotter than expected. This is the lowest since June 2024, with an expected value of 2.5% and a previous value of 2.6%. The U.S. core PCE price index in January was 0.3% on a monthly basis, in line with expectations and the highest since October 2024. Inflation has dropped from its peak of around 9% in June 2022 but is still above the Fed’s target of 2%. Todayโ€™s PCE data comes after the recent CPI report, which showed inflation rising to 3% in January.

February 28, 2025 15:01:28 UTC

Standard Chartered Predicts Bitcoin Drop to $69K-$76K, Sees Buying Opportunity

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick has predicted that Bitcoin is expected to drop further. If the market follows the same trend, Bitcoin could drop another 5.5%, reaching the $69,000 to $76,500 range, which Kendrick says he would consider buying. Bitcoin briefly dropped below $79,000 but is now around $81,400. This drop below $80,000 makes people question if the sell-off is almost over. Kendrick also expects another large outflow from ETFs today, following over $1 billion in redemptions on Tuesday. Since last November’s U.S. election, net ETF purchases have decreased by $2.5 billion when Bitcoin was at the $80,000 level.

February 28, 2025 14:27:56 UTC

Dunamu Files Lawsuit Against South Korea’s FIU Over Upbit Suspension and Sanctions

Dunamu, the parent company of Upbit, has filed a lawsuit against South Koreaโ€™s Financial Intelligence Unit (FIU) over sanctions placed on the company. On February 28, Dunamu said it filed the lawsuit on February 27, seeking to lift the FIUโ€™s partial suspension. The lawsuit comes after the FIU partially suspended Upbit, blocking the exchange from processing crypto transactions for new customers, though existing services were unaffected. The FIU also imposed disciplinary actions on Upbit and nine of its executives, including the CEO, for violating regulations.

February 28, 2025 14:07:18 UTC

Boerse Stuttgart To Assist DekaBank for Institutional Crypto Trading

Boerse Stuttgart’s digital asset arm is helping DekaBank offer cryptocurrency trading services to its institutional clients. Boerse Stuttgart Digital will provide the regulated infrastructure for DekaBank’s crypto offering. Boerse Stuttgart Digital stated on LinkedIn that its fully regulated brokerage solution allows DekaBank to offer secure and reliable access to crypto trading. Notably, this partnership follows Boerse Stuttgart Digital Custody receiving a full license in January under the EU’s new Markets in Crypto-Assets (MiCA) framework.

February 28, 2025 13:43:37 UTC

CZ’s Crypto Advice: Cut Down Investments During Market Crash

In a recent X post, Binance founder Changpeng Zhao (CZ) gave investment advice during the crypto market crash. CZ advised stressed traders to reduce their investments if they see crypto as an investment. He reminded them that “dips are a part of free markets” to explain the current crash. Bitcoin dropped to $78K, with altcoins experiencing even steeper declines. The current crypto market crash, with BTC dropping to $78K and altcoins losing nearly 10%, is fueled by multiple factors. Besides, Trump’s new import tariffs are increasing trade war tensions. The crypto market saw massive panic-selling, leading to $950.27 million in liquidations.

February 28, 2025 13:11:46 UTC

Tether CEO Says Bitcoin Will Replace All Currencies, Leaving USDT ‘Useless’ in the Future

Tether CEO Paolo Ardoino recently declared himself a Bitcoin maximalist, predicting that Bitcoin will eventually surpass all legal currencies. He believes that legal currencies will collapse due to their inherent defects, leading to hyperinflation and a reset of the global financial system. In future, USDT will lose its purpose, and Bitcoin will become the world’s sole currency. Ardoino notes that USDT is a temporary solution, helping economies transition to a Bitcoin-dominated future. He believes Bitcoin is the only currency strong enough to survive any disaster for the next 2,000 years.

February 28, 2025 10:17:09 UTC

Ripple Resumes Minting RLUSD Stablecoins After Two-Week Pause, 9.1 Million Issued

Ripple has resumed minting Ripple USD (RLUSD) stablecoins after a two-week break, issuing three large batches totaling 9.1 million RLUSD. The most recent batch was minted just five hours ago, with Ripple Treasury issuing 3.1 million RLUSD on the XRP ledger and 6 million on Ethereum. Despite a decline in XRP network activity, RLUSD has seen a 36% surge in trading volume, as Ripple continues expanding its stablecoin issuance.

February 28, 2025 09:44:04 UTC

Ethereum Price Crash

Ethereum has faced a significant downturn this month, dropping below $2,500 following a massive $1.5 billion hack on Bybit, allegedly carried out by North Korea’s Lazarus Group. This triggered a 25% crash, and experts warn it could fall further, potentially reaching $1,000. With Ethereum breaking key support levels and market conditions weak, a recovery remains uncertain. The Federal Reserve’s tightening policies may also hinder a rebound, leaving Ethereum vulnerable to further declines.

February 28, 2025 09:33:10 UTC

Mirana Ventures Purchases 21,667 $ETH Worth $46.25M From FalconX After Bybit Hack

Mirana Ventures, linked to Bybit, acquired an additional 21,667 $ETH ($46.25M) from FalconX via over-the-counter (OTC) transactions just four hours ago. This follows their previous purchase of 265,912 $ETH ($700M) after the Bybit hack, which was deposited back into Bybit. The venture’s anchor capital providers are the co-founders of Bybit, highlighting their continued strategic involvement in the exchangeโ€™s recovery and growth.

February 28, 2025 08:16:09 UTC

Strategy (MSTR) Plunges 56% from November High, Losing Nearly $80 Billion in Market Cap

Strategy (MSTR), previously known as MicroStrategy, has experienced a dramatic 56% decline from its all-time high in November, resulting in a total market cap loss of nearly $80 billion. This significant drop reflects the broader volatility in the market and ongoing concerns regarding the companyโ€™s Bitcoin investment strategy amid market downturns

February 28, 2025 08:12:46 UTC

Chinese Stocks Drop After Trump’s Announcement of 10% Tariff on Imports

Chinese stocks saw a decline following U.S. President Donald Trump’s announcement that he would impose an additional 10% tariff on imports from China. The announcement raised concerns over the potential impact on trade relations between the two countries and added to the market’s volatility. Investors are closely watching the ongoing tariff situation for its effects on global economic stability.

February 28, 2025 08:10:26 UTC

New Wallet Withdraws 96,128 $SOL Worth $12.37M from Binance

A newly created wallet withdrew 96,128 $SOL ($12.37M) from Binance at $128.6 and staked it all with Jito. The wallet is linked to a whale who closed its first SOL trade at $140.8 three days ago, reportedly profiting $4.58M (+51%) after a year of staking. This move highlights significant activity and strategic staking by whales within the Solana ecosystem.

February 28, 2025 08:06:25 UTC

XRP Whales Accumulate Over $1 Billion in XRP

XRP is down 4%, testing the support at $2.12 amid recent market volatility. Short-term holders have been selling, but whales have absorbed the selling pressure, accumulating 440M XRP, worth nearly $1 billion. Rippleโ€™s expansion in South Korea aims to boost XRP adoption. With bearish pressure and the RSI below neutral, XRP may bounce if it holds the $1.96 support level, but a break below could signal further decline.

February 28, 2025 07:51:41 UTC

Cardano Price Crash 23% This Week

Cardano (ADA) is experiencing a continued decline, trading around $0.60 after falling 23% this week. The drop is supported by Santiment data, showing a decrease in daily active addresses and a bearish technical outlook. ADA has faced rejection at its descending trendline and has fallen 15% since February 21. If the downward momentum persists, ADA could fall another 16%, potentially retesting its February low of $0.50. The RSI indicates selling pressure but may be due for a bounce. However, decreasing network demand signals further weakness for Cardano.

February 28, 2025 07:51:41 UTC

When Will Crypto See Reversal?

Crypto analyst Lark Davis believes Bitcoin could grind its way back up towards $90K in the next few weeks, with two possible scenarios. The first is a bullish reversal as tariff fears subside and ETF flows stabilize, leading to a market rally. The second scenario sees a bearish retest of key price levels, signaling a rejection that could mark the end of the current recovery. Investors should stay alert for key signals in the coming weeks.

February 28, 2025 07:23:17 UTC

Michael Saylor Says โ€œSell a Kidney if You Must, but Keep the Bitcoinโ€

Michael Saylor, executive chairman of Strategy (MSTR), joked with his followers, saying โ€œSell a kidney if you must, but keep the Bitcoinโ€ as Bitcoin price dipped under $80,000 today. Despite the price drop, Saylor remains bullish on Bitcoin, emphasizing the importance of holding. With Bitcoin facing an 18% weekly loss amid a liquidity crisis and macroeconomic uncertainty, Saylor continues advocating for Bitcoin as a long-term investment, even as MicroStrategy faces risks from its large Bitcoin holdings. Saylor also met with U.S. lawmakers to discuss creating a Bitcoin strategic reserve, positioning the U.S. as a leader in crypto innovation.

February 28, 2025 07:23:17 UTC

Bitcoin Ethereum and XRP Price Crash Amid Trump Tariff

Bitcoin price dropped 7.6% in the past day, trading at $79,390, marking a new yearly low. The cryptocurrency fell as low as $79,250, reflecting ongoing bearish sentiment. Ether also struggled, down 10% around $2,100. Despite strong earnings from Nvidia, broader market concerns, including renewed U.S. tariffs and a slowing economy, weighed on investor sentiment. Additionally, Bitcoin’s correlation with the S&P 500, along with institutional repositioning and liquidity depletion, deepened the downturn. The Crypto Fear & Greed Index now shows extreme fear, reaching a level last seen during the 2022 Terra-Luna collapse.

February 28, 2025 07:18:56 UTC

CryptoQuant CEO Expects 30% Crypto Market Correction

CryptoQuant CEO has maintained his bullish stance on the market, reaffirming that the current bull cycle is not over. While he anticipates a potential 30% drawdown at some point, he believes the cycle remains intact unless Bitcoin drops significantly below $75K. He emphasized his consistent view on the market, acknowledging the possibility of a correction while staying optimistic about the long-term bull trend.

February 28, 2025 07:17:04 UTC

Feb. 28 Options Data: $4.66B in BTC and $1.12B in ETH Options Expiring Amid Rising Market Volatility

On February 28, a significant expiration of 59,000 BTC options with a put-call ratio of 0.7 and a max pain point of $96,000 is set to occur, holding a notional value of $4.66 billion. Simultaneously, 529,000 ETH options are expiring, with a put-call ratio of 0.52 and a max pain point of $3,000, totaling $1.12 billion in notional value. Short-term volatility for BTC reached 90%, while ETHโ€™s volatility surpassed 100%, signaling increasing market panic.

February 28, 2025 07:10:50 UTC

Bitcoin Price Today Tests Key Support at $81K Ahead of Core PCE Data

Bitcoin is currently testing the Kijun level at $81,000, a crucial Ichimoku support zone. Todayโ€™s Core PCE announcement is highly anticipated, with the previous reading at 0.2% and the forecast set at 0.3%. A print lower than 0.3% could spark a bounce for BTC, while anything higher may signal further downside in the near term. Investors are watching closely for signs of market direction following this key data release.

February 28, 2025 07:06:26 UTC

Bitcoin CME Gap Filled: Expect Small Rises and Dips in the Coming Months

Bitcoin has filled its CME gap, but market watchers are now turning their attention to the road ahead. While many speculated that a market drop would start around March 10th, the correction has arrived earlier than expected. The outlook for March and April 2025 appears bumpy, with the market likely bouncing around the 200 EMA, experiencing small rises followed by dips. This pattern may continue until the market shows signs of exhaustion.

February 28, 2025 06:58:21 UTC

Bybit Hacker Launders $605M in ETH Through THORChain, Retains $514M in ETH

According to Lookonchain, the Bybit hacker has laundered 270,000 ETH, worth approximately $605 million, via THORChain. The hacker still holds 229,395 ETH, valued at around $514 million. This massive amount of stolen funds highlights ongoing concerns about the security of decentralized platforms and the laundering tactics employed by cybercriminals in the crypto space.

February 28, 2025 06:55:50 UTC

Is The Crypto Bull Run Over?

Ethereum has officially wiped out its post-election rally, now down 9% since November 5th, 2024. With a nearly 50% drop from its highs after the election, questions are rising about whether a new crypto bear market has begun. The broader crypto market has suffered nearly $1 trillion in losses over the last two months, signaling a significant shift in sentiment across the space.

February 28, 2025 06:51:06 UTC

Robert Kiyosaki Buying Bitcoin This Crypto Market Crash

Robert Kiyosaki, the famous financial educator, explained why he continues to buy Bitcoin when the market crashes. Kiyosaki believes that the real problem lies not with Bitcoin but with the failing U.S. monetary system and its $36 trillion debt, along with the $230 trillion in total liabilities, including Medicare and Social Security. He warned that inflation will skyrocket when countries like Japan and China stop buying U.S. bonds, causing the economy and U.S. dollar to collapse. Kiyosaki emphasized that Bitcoin represents money with integrity, contrasting it with “fake money” which he views as a thief.

February 28, 2025 06:51:06 UTC

Crypto Liquidations Today Hit $821 Million

Over the past 24 hours, a total of $821.24 million worth of leveraged positions have been liquidated, with the majority coming from long positions. Long liquidations amounted to $771.75 million, while short liquidations were significantly lower at $109.49 million. This massive liquidation event highlights the volatility in the market and the risks associated with leveraged trading.

February 28, 2025 06:32:33 UTC

Arizona Senate Advances Bitcoin Reserve Bill, Racing Utah for Crypto Investment Approval

Arizonaโ€™s Senate has passed the Strategic Digital Assets Reserve bill (SB 1373) with a vote of 17-12 on February 27, bringing it closer to becoming law. The bill creates a Digital Assets Strategic Reserve Fund managed by the state treasurer, including crypto seized by the state and appropriated funds. Meanwhile, another bill, the Strategic Bitcoin Reserve Act (SB 1025), also passed the Senate, focusing on investing public funds in crypto. Arizona now joins Utah in leading the race for US state crypto investment bills.

February 28, 2025 06:21:41 UTC

When Will Bitcoin Go Back Up?

Bitcoinโ€™s price is currently testing the Weekly MA50 at $74.8K, a crucial level to watch. After consolidating in September 2024, Bitcoin touched the MA50 and bounced back. If the bulls can hold this support again, it could trigger a strong bounce, potentially pushing Bitcoin to create a new all-time high (ATH). Investors are closely monitoring this key technical level for signs of bullish momentum.

February 28, 2025 06:19:01 UTC

Stock Market Crash Today: Rising Volatility Signals “RISK-OFF” Mode as Investor Sentiment Drops

Stock market today faces rising volatility, with four consecutive days of spikes in the Volatility Index ($VIX) above 20. Warren Buffett, in his annual report, acknowledged the difficulty in finding bargains in a historically strong market. With mixed tariff headlines and bearish investor sentiment at its lowest since 2022, the market is edging toward “RISK-OFF” mode. Rising volatility seems to be the new normal, with more capital moving to the sidelines.

February 28, 2025 06:15:21 UTC

XRP News: Ripple vs SEC Lawsuit Dismissal Speculated After Closed-Door Meeting

The SEC held a closed-door meeting on February 27, 2025, raising speculation it could drop its appeal in the Ripple case. The lawsuit, claiming XRP was sold as an unregistered security, has drawn attention as the SEC recently dropped several high-profile cases. If the SEC dismisses the appeal, XRPโ€™s price could surge, with analysts predicting a potential rally to $3.20 following Rippleโ€™s previous legal victories.

February 28, 2025 06:13:02 UTC

Pi Network Listing on Binance Gains Support with 86% Community Vote

Binance has completed a community vote that may lead to the listing of Pi Coin (PI) on the platform. With 86% of the 294,957 participants voting in favor, this marks a significant move toward integrating Pi Networkโ€™s native cryptocurrency into Binanceโ€™s offerings. However, Binance clarified that the vote results are for reference only, and the decision will be subject to further evaluation. Pi Coin, which has grown to over 60 million members, saw a 20.8% price drop following its ATH but has still outperformed the broader crypto market. The Pi Network community is also looking forward to Pi Day on March 14, 2025, which could bring further excitement and developments for the coin.

February 28, 2025 06:07:13 UTC

When Will Crypto Go Back Up?

After recent corrections, the market appears to have found a solid demand zone, potentially setting up for a bounce. Bitcoin ($BTC) could reach $97K-$100K, Ethereum ($ETH) may hit $3K, and altcoins could experience a 10%-30% rally. This bounce may be triggered not only by technical factors but also by NVIDIAโ€™s record-breaking earnings and the upcoming US PCE Price Index data. Investors are watching closely as the Fed evaluates its policies based on this data, which could influence market movements further.

February 28, 2025 05:46:55 UTC

Bitcoin News Today : BTC Price Crash Below $80K

Bitcoinโ€™s spot volume surged around the $100K mark, but during distribution phases, prices tend to drop when new liquidity dries up. The key question now is where fresh liquidity will come from to sustain a bullish trend. With limited new liquidity entering the market, an extended consolidation within a wide range ($75K-$100K) seems likely, similar to early 2024. This range-bound movement could persist until favorable news for Bitcoin triggers new liquidity inflows.

February 28, 2025 05:46:55 UTC

What Happened To Crypto Today?

Bitcoin (BTC) fell below its 200-day simple moving average (SMA) on Friday, marking a 16% weekly loss and briefly dipping below $80,000 for the first time since November 10. The decline was fueled by renewed concerns over U.S. tariffs, which boosted demand for the U.S. dollar. Altcoin like XRP, Solana (SOL), and DOGE saw even steeper losses, with XRP dropping below the 23.6% Fibonacci retracement level. President Trumpโ€™s announcement of tariffs on Canada, Mexico, and China further fueled the rise in the dollar, pushing the dollar index to 107.30.

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