
February 27, 2025 17:47:17 UTC
Just In: SEC Agrees to Dismiss MetaMask Case, Pending Approval
Consensys and the U.S. SEC have agreed to dismiss the securities case involving MetaMask, pending Commission approval. Once approved, the SEC will file to officially close the case. A recent filing reveals that the case against MetaMask is the sixth crypto-related lawsuit the SEC has decided to drop. Consensys, the company behind MetaMask, expressed relief over the decision. Consensysโs CEO Lubin emphasized the company’s dedication to supporting blockchain developers and stressed the case’s significance for the broader industry. He also thanked the SEC’s new leadership for adopting a “pro-innovation, pro-investor” approach and stated that Consensys will keep engaging with policymakers.
February 27, 2025 17:40:21 UTC
SBI VC Trade Launches Crypto Lending Service with 37 Coins Supported
SBI VC Trade, a Japanese cryptocurrency exchange under the SBI Group, has launched its cryptocurrency lending service. Users can now apply to lend a range of cryptocurrencies, including Bitcoin, XRP, and Shiba Inu, among 37 other supported coins. This allows users to earn interest on their crypto holdings instead of leaving them unused. SBI VC Trade offers varying interest rates based on the cryptocurrency and lending duration. The rate is also influenced by market conditions. It entered the lending market in November 2020 and has since expanded the list of supported cryptocurrencies, including adding XRP in 2021.
February 27, 2025 17:25:49 UTC
Crypto Crimes Hit Record $40 Billion in 2024, Stablecoins Dominate Over Bitcoin
Chainalysis reports that in 2024, cryptocurrency-related illicit transactions totaled $40 billion, with the figure potentially rising to $51 billion once all types of crime are included. The illegal crypto transactions are mainly due to scams, malware, fraud, and dark web activities. The total excludes non-crypto crimes like drug trafficking and money laundering. In 2024, illicit crypto transactions made up 0.14% of all crypto trades, down from 0.61% in 2023, thanks to more institutional trading and the approval of spot Bitcoin ETFs. Criminals are now using stablecoins more than Bitcoin for illicit transactions. Stablecoins make up 63%, while Bitcoinโs share has dropped to 20%.
February 27, 2025 17:14:23 UTC
Texas Bitcoin Reserve Bill Passes Committee, Moves to Senate
The Texas Bitcoin Reserve Bill, SB 21, has successfully passed the review stage within the Business and Commerce Committee and will now move to the Texas Senate for further consideration. The bill aims to create a state-managed Bitcoin reserve, positioning Texas as one of the states exploring Bitcoin as a financial asset. After passing the committee stage, the Texas Bitcoin Reserve Bill will now go through a Senate review, where lawmakers will evaluate the pros and cons of a state-run Bitcoin reserve. This decision will determine the next steps for the bill. Despite challenges from regulatory concerns and volatility, interest in state-managed Bitcoin reserves remains strong, with other states exploring similar ideas.
February 27, 2025 16:09:15 UTC
Bitcoinโs Bull Run Just Getting Started; Expert Forecasts Massive Rally Through 2025
As Bitcoin prices continue to drop, speculation about the bull run coming to an end is growing. However, Cryptoquant CEO Ki Young Ju disagrees, stating that a bear market is unlikely forecasting a strong price rebound ahead. He predicts a major Bitcoin rally lasting until 2025 and projects the rally could reach its peak by April, potentially marking the longest bull run in Bitcoinโs history and driving prices to new highs. He believes the next month will be crucial in confirming the marketโs direction, with key signs pointing to asset demand after institutional ETF outflows. Ju suggests that Bitcoinโs recent drop wonโt take it below $77,000, and the worst-case scenario would be a lengthy period of consolidation at that price.
February 27, 2025 15:47:35 UTC
Andrew Tateโs DADDY Coin Jumps 78% After He Flies To Florida
Andrew Tate’s DADDY Solana meme coin jumped 78% after news that he and his brother, Tristan Tate, flew from Romania to Florida. This is the first time Tate has been allowed to leave Romania since his 2022 arrest. The coin’s market cap hit $38.7 million in just 10 hours. Tateโs release follows pressure from Donald Trumpโs administration on Romanian authorities to lift his travel ban. Last year, Andrew Tate started promoting meme coins, with Daddy Tate (DADDY) becoming the most popular. He aimed to “flip it for the patriarchy” after Iggy Azaleaโs MOTHER token gained success. In June, DADDY surpassed MOTHER in value.
February 27, 2025 15:23:44 UTC
BlackRockโs iShares Bitcoin Trust Witnesses Record $418M Outflow as BTC Falls
BlackRock’s iShares Bitcoin Trust (IBIT) experienced a record outflow of $418.1 million on Wednesday as Bitcoin (BTC) fell to around $82,000. This outflow surpassed its previous record of $332 million set in January. Fidelityโs Wise Origin Bitcoin Trust (FBTC) also faced significant selling pressure, with $145.69 million in Bitcoin withdrawn. The Ark 21Shares Bitcoin ETF (ARKB) saw $60.46 million in outflows, while Grayscaleโs Mini Bitcoin Fund lost $55.97 million. The U.S. spot-listed ETFs experienced a total outflow of $754.6 million, with $3.6 billion in outflows since February 7.
February 27, 2025 15:03:26 UTC
Trump Confirms Tariffs on Mexico and Canada Starting March 4 if Drug Flow Isn’t Cut, Bitcoin Reacts
Recently, Donald Trump has confirmed that tariffs on Mexico and Canada will begin on March 4 if drug flows into the U.S. are not reduced. He noted that tariffs on imports from Mexico and Canada will go ahead unless steps are taken to reduce drug trafficking, particularly fentanyl, which he called “dangerous and highly addictive.” He also confirmed a 10% tariff on China starting the same date, emphasizing the need to tackle the issue. The 25% tariff on the European Union, set for April 2, remains unchanged. The crypto market reacted negatively, with Bitcoin dropping back to around $85,000 after recent declines.
February 27, 2025 14:30:28 UTC
Team Rizzo Secures $25 Million in Blockchain Insurance Against Bittensor Hack Risks
In a latest update, Rizzo, which runs Bittensor subnets and validator services, has secured $25 million in blockchain-based insurance coverage from Native, a digital asset insurance provider backed by Nexus Mutual. This coverage protects against the risk of hacks on the Bittensor app. Notably, The insurance covers the risk of smart contract hacks that could result in the loss of Bittensor tokens (TAO), which are used to validate transactions on the network’s proof of stake (PoS) consensus system. The Bittensor insurance policy will be followed by cover for the Bitcoin staking platform Babylon in the coming weeks.
February 27, 2025 13:48:14 UTC
Democrats Propose Bill to Ban Memecoins and Block Officials from Crypto Profits
The US Congress is considering a new bill that could ban memecoins like President Trump’s Official Trump (TRUMP) token. House Democrats plan to introduce the MEME Act, which would stop public officials from profiting off digital assets, California Rep. Sam Liccardo said on Feb. 27. The draft legislation would ban public officials and their close relatives from issuing, endorsing, or sponsoring any security, commodity, or digital asset. The MEME Act, expected to be introduced on Feb. 27, would apply to the president, vice president, members of Congress, senior officials, and their spouses and dependent children.
February 27, 2025 13:25:00 UTC
Mask Network Founderโs Account Hacked: $4 Million Stolen and Moved Across Six Addresses
According to Cyvers Alerts, Mask Network founder Suji Yan’s account was suspected to have been hacked. It revealed that their AI-powered system detected suspicious transactions linked to Suji yan. A suspicious address received nearly $4 million worth of cryptocurrency and the stolen assets, including ETH, WETH, ezETH, weETH, pufET, MASK, USDT, and swETH, were quickly converted to ETH and spread across six different addresses. The founder of Mask has announced an investigation into the theft, appointing SlowMist and ZachXBT to handle the recovery process. Yan is also working with law enforcement to address the situation and has pledged to withhold further comments until a formal report is ready.
February 27, 2025 13:00:33 UTC
BDACS Partners with Ripple Custody to Secure XRP and RLUSD Holdings
Institutional crypto storage firm BDACS announced on Wednesday that it will use Ripple Custody to secure institutional holdings of XRP and RLUSD, a dollar-pegged stablecoin. This partnership aims to strengthen Ripple’s ecosystem, boost RLUSD adoption, and tap into the blockchain-friendly economic zone of Busan, South Korea. Ripple Custody provides secure software for crypto custodians, exchanges, and similar businesses to safely manage and access digital assets. This move comes as South Korean authorities work to create clearer regulations for corporate participation in cryptocurrencies and stablecoins.
February 27, 2025 12:31:43 UTC
Pakistan Plans to Launch National Crypto Council to Regulate Digital Assets
Pakistan has announced plans to create a national crypto council to develop regulations for the sector, following discussions with advisors on digital assets from President Donald Trump, according to a report by Dawn. The council will be an advisory body made up of government officials, regulators, and industry experts. It will focus on policy development and work with other countries to create standardized frameworks, according to a statement from the finance ministry. Until last year, Pakistan’s finance ministry opposed crypto regulation. Now, Finance Minister Muhammad Aurangzeb is open to the idea, stressing the need for a well-regulated digital asset framework.
February 27, 2025 08:05:27 UTC
Chainlink Hosts Exclusive Event in Washington D.C. to Discuss Blockchain’s Role in Future Financial Systems
Chainlink recently hosted an exclusive, invite-only event in Washington D.C., bringing U.S. representatives together to discuss how blockchain technology can transform the financial system. Co-founder Sergey Nazarov emphasized the potential of blockchain to modernize the U.S. financial landscape and establish the country as a leader in Web3. The event focused on how U.S. policy could drive innovation in blockchain, aiming to create a more transparent, fair, and reliable financial system. This marks a significant step in Chainlinkโs ongoing advocacy for smart policies to harness blockchainโs full potential for economic growth.
February 27, 2025 08:02:26 UTC
Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional Bitcoin
Metaplanet Inc. has announced the issuance of its 7th Series of Ordinary Bonds, totaling JPY 2,000,000,000, following a resolution passed at its February 27, 2025 Board of Directors meeting. The bonds, bearing no interest, will be issued to EVO FUND and used to fund the purchase of Bitcoin, as outlined in previous corporate announcements. Redemption is scheduled for August 26, 2025, but early redemption is possible under specific conditions. The issuance is expected to have a minimal impact on the companyโs financial results for the fiscal year ending December 2025.
February 27, 2025 07:34:30 UTC
US House Advances Resolution to Repeal โDeFi Broker Ruleโ on Digital Asset Reporting
The US House Ways and Means Committee has passed a resolution to repeal the โDeFi broker rule,โ which requires brokers to report digital asset transactions to the IRS. The rule, set to take effect in 2027, would extend reporting requirements to decentralized exchanges and mandate brokers to disclose cryptocurrency sales and taxpayer information. Critics, including the DeFi Education Fund, argue the rule is unconstitutional and could harm US leadership in digital assets. The resolution now moves to the Senate for further consideration.
February 27, 2025 07:26:41 UTC
USDT Supply on TRON Reaches All-Time High, Signaling Increased Liquidity and DeFi Activity
The supply of USDT on the TRON blockchain has reached an all-time high, reflecting a significant shift of liquidity toward TRON. This surge indicates that more investors are using TRON to execute transactions and engage with its growing DeFi ecosystem. USDT trading volume on TRON-based exchanges has skyrocketed from fluctuating between 50 million and 500 million in 2020 to around 4 billion today, highlighting TRON’s deepening integration within the crypto ecosystem. Additionally, on-chain transaction volumes have surged fivefold compared to centralized exchanges, emphasizing TRON’s growing decentralized dominance.
February 27, 2025 07:17:37 UTC
Malicious BOM App Steals $1.8M in Crypto, Compromises Over 13K Wallets
A malicious mobile app called BOM has stolen over $1.8 million in cryptocurrency from more than 13,000 victims by accessing private keys and mnemonic phrases. Discovered by blockchain security firms SlowMist and OKX Web3 Security, the app tricked users into granting unnecessary permissions, allowing it to scan device storage and send wallet data to a remote server. The stolen funds were transferred across multiple blockchains, including BNB Chain, Ethereum, and Polygon.
February 27, 2025 07:12:21 UTC
Bitwise Registers Aptos ETF in Delaware, Signaling Potential SEC Filing
Crypto fund manager Bitwise has registered the “Bitwise Aptos ETF” in Delaware on February 25, signaling preparations to file an S-1 registration with the U.S. Securities and Exchange Commission (SEC). Bitwise, known for launching spot crypto ETFs in the U.S., previously introduced its Aptos Staking ETP in Switzerland in November. As the altcoin ETF race heats up, with Grayscale and Canary Capital also filing proposals, Aptos’ APT token rose 8.9% to $6.12 amid a broader market sell-off.
February 27, 2025 06:42:35 UTC
Crypto Fear & Greed Index Hits Two-Year Low as Bitcoin Dips Below $85,000
The Crypto Fear & Greed Index has fallen to its lowest point in over two years, reaching a score of 10 on February 26, as Bitcoin plummeted below $85,000. This marks the lowest level since June 2022, when major crypto collapses occurred. While no major events triggered this plunge, heightened macroeconomic uncertainty, including U.S. tariff threats, has exacerbated market fear. Analysts suggest that this extreme fear could present a buying opportunity, as rising global liquidity historically signals potential Bitcoin growth.
February 27, 2025 06:35:01 UTC
FTX Bankruptcy Fees Near $1 Billion, Becoming One of the Costliest Crypto Cases
FTXโs bankruptcy is proving to be one of the most expensive crypto-related cases, with total fees approaching $1 billion, making it one of the priciest Chapter 11 cases in U.S. history. For comparison, other notable crypto bankruptcies have incurred significantly lower costs: Celsius at $229 million, Genesis at $131.9 million, BlockFi at $81.1 million, and Voyager at $60.1 million. Despite these hefty costs, FTX’s bankruptcy still falls far short of Lehman Brothersโ $6 billion collapse.
February 27, 2025 06:33:01 UTC
Nvidia Revenue Surge, Shares Up 3.67%
Nvidia exceeded Wall Street expectations with a 78% year-on-year revenue increase, reaching $39.3 billion in Q4 of its 2025 fiscal year, driven by high demand for its Blackwell microchips designed for AI and machine learning. Data center revenue accounted for 90% of total revenues, soaring 93% from the previous year. Despite a 1.49% drop in after-hours trading, Nvidia’s stock rose 3.67%, closing at $131.28. CEO Jensen Huang attributes the growth to rapid advancements in AI, positioning Nvidia at the forefront of the AI revolution.
February 27, 2025 06:04:41 UTC
XRP News: Escrow Dump Theory Debunked as XRP Price Soars Despite Releases
The discredited “escrow dump” theory has been put to rest, particularly with XRP’s price surge from $0.50 to over $3.00, despite Ripple’s continued releases of XRP from escrow in late 2024 and early 2025. The small percentage of XRP released from escrow each month has minimal impact on overall daily volume, especially as the circulating supply increases and escrow decreases. Even when XRP’s circulating supply nears 99%, the theory remains baseless.
February 27, 2025 06:03:26 UTC
BlackRock Dumps 5,000+ Bitcoin Worth $423 Million
BlackRock has offloaded more than 5,000 Bitcoin, valued at $423 million, in the last 24 hours. This marks the largest outflow since the launch of its Bitcoin ETF, sparking concerns among investors. The massive sale has led to speculations of Wall Street “rugging” the market, raising alarm about the potential impact on Bitcoin’s price and the broader crypto market.
February 27, 2025 05:51:18 UTC
Iran Cracks Down on Crypto Amid Currency Decline, Imposes Strict Measures on Exchanges
Iran’s central bank has intensified its crackdown on cryptocurrencies as the rial continues to plummet, stopping rial payments on exchanges and imposing new conditions on crypto platforms. Following a sudden halt on rial purchases, the Central Bank of Iran (CBI) imposed limits on cryptocurrency prices and required real-time access to customer data. Critics argue these measures push people toward underground activities, while regulators aim to control the market and reduce currency depreciation. The governmentโs approach, seen as unbalanced, could further alienate the public and hinder transparency.
February 27, 2025 05:43:25 UTC
Ripple Expands Custody Services in South Korea with New Partnership
Ripple President Monica Long expressed excitement over the company’s new partnership in South Korea, aimed at strengthening its presence in the Asia-Pacific region. Ripple has teamed up with BDACS, a leading digital assets custodian, enabling South Korean institutional investors to access custody services for RLUSD, XRP, and other cryptocurrencies. The deal supports the XRP Ledger ecosystem and enhances the usability of Rippleโs regulated RLUSD stablecoin, providing secure, institutional-grade custody technology.
February 27, 2025 05:38:37 UTC
Pi Networks Price Hit ATH
Pi Coin surged to $3, reaching new all-time highs, but faces potential volatility. The Directional Movement Index (DMI) shows a strong uptrend with minimal selling pressure, while the Bollinger Bands Trend (BBTrend) dropped sharply to -11, suggesting the uptrend may be overextended. Despite this, Pi could test higher resistance levels at $3.5 or $4 in the near term, though a pullback remains possible.
February 27, 2025 05:38:37 UTC
Pi Coin Price Surges 293% Post-Launch
Pi Coin has experienced an impressive 293% surge since its launch, outpacing major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The surge follows the launch of Pi Network’s Open Mainnet on February 20, which allowed users to transfer Pi Coin outside the network for the first time. Pi Coin is now listed on prominent exchanges like OKX, Bitget, and CoinDCX. Factors driving the surge include increased exchange listings, a strong community of over 60 million users, and limited token supply. Despite a brief price drop below $1 post-launch, Pi Coin is currently priced at $2.95, with analysts predicting it could exceed $500 by 2030 if it gains real-world usage.
February 27, 2025 05:33:29 UTC
Bybit’s Multi-Sig Signee Linked to Major Crypto Losses
Truth Labs’ investigation reveals troubling connections within Bybit’s Multi-Sig wallets. Funding for Bybit, Mantle, and BitDAO contracts traces back to HTX (Huobi) and Binance, not Bybit itself. Alarmingly, Bybitโs exploited Hot Wallet is tied to Tornado Cash. Further analysis links 69secrets.eth, involved in the downfall of $MIM and $UST, to multiple Bybit Multi-Sig wallets. These findings raise concerns about Bybit’s security and the entities controlling its funds.
February 27, 2025 05:29:02 UTC
Binance Announces MyShell (SHELL) Airdrop and Listing Details for HODLer Airdrops
Binance is thrilled to announce the 10th project on the HODLer Airdrops page, MyShell (SHELL). Users who subscribed their BNB to Simple Earn (Flexible/Locked) or On-Chain Yields products from February 14th to February 18th, 2025, will receive a portion of the 25,000,000 SHELL tokens allocated for this airdrop. Binance will list SHELL on February 27th, 2025, at 13:00 (UTC) and open trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs. With a genesis total supply of 1 billion SHELL tokens, 27% will be in circulation upon listing.
February 27, 2025 05:26:54 UTC
Michael Saylor to Discuss How to Pay Off the National Debt With Bitcoin
Michael Saylor, the outspoken Bitcoin advocate and founder of Strategy, will address the question of whether Bitcoin could be a solution to the USโs mounting national debt at the upcoming Bitcoin for America event on March 11th. With the US national debt growing rapidly, Saylorโs vision of Bitcoin as a hedge against inflation, a decentralized financial tool, and a store of value is drawing attention. While his ideas are compelling, concerns around Bitcoinโs volatility, regulatory uncertainty, and scalability remain. Saylorโs keynote promises to spark important conversations on Bitcoinโs role in the broader financial system and debt management.
February 27, 2025 05:13:03 UTC
Ethereum Sell-Off Intensifies as Whales Offload $43M in 48 Hours
Ethereum’s market is experiencing a sharp sell-off as whales panic-sell their holdings. One whale, with the address 0xc725102508c2f7df5bdb5f8ea5242ae18b8a839d, sold 8,074 ETH, valued at $19.63 million, at an average price of $2,431 just 12 hours ago. Another whale, 0x07Fe1752b74395ab1B71D94C46ee121D0a61A26D, deposited 10,000 ETH worth $23.44 million to Binance in the past two days, amplifying market concerns.