Author: Issac Lane
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Solana Co-Founder Opposes US Crypto Reserve Amid Trump’s Strategic Plans
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Solana co-founder Anatoly Yakovenko has voiced his opposition to a US national crypto reserve, warning that government control could pose risks to decentralisation. His remarks come as former crypto exchange Mt. Gox moves 12,000 Bitcoin during a market downturn, and US President Donald Trump prepares to announce details of a strategic Bitcoin reserve. Yakovenko Criticises…
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Animoca Brands Reports Growth as AI Cuts Costs by 12%
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Revenue Rises Amid AI and Optimisation Initiatives Animoca Brands has reported a 12% year-on-year increase in bookings for 2024, reaching $314 million. This growth has been attributed to the company’s ongoing innovation efforts and the strategic use of artificial intelligence (AI) to optimise costs. Bookings, a term commonly used in the gaming sector, represents the…
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Crypto Market Plunges as US Tariff Wars Escalate
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Nearly $980 Million Wiped Off the Market in 24 Hours The cryptocurrency market witnessed a sharp decline on March 4, with nearly $980 million wiped off in just 24 hours. The downturn erased all gains from former US President Donald Trump’s US Crypto Strategic Reserve announcement, leading to a 14.7% plunge in market value. The…
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Coinbase Files FOIA Request to Uncover SEC’s Crypto Crackdown Costs
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Crypto exchange seeks details on enforcement spending and investigations Coinbase has filed a Freedom of Information Act (FOIA) request with the United States Securities and Exchange Commission (SEC) to uncover the financial costs associated with the regulator’s enforcement actions against the cryptocurrency industry. Paul Grewal, Coinbase’s chief legal officer, announced the move on 3 March,…
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Bitcoin Activity Surge Signals Possible Market Bottom and Reversal
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Active Addresses Hit Three-Month High Amid Market Correction Bitcoin’s on-chain activity is witnessing a significant uptick, suggesting that the cryptocurrency market may be approaching a turning point following its recent correction. The number of active Bitcoin addresses surged to over 912,300 on 28 February, marking the highest level since 16 December 2024, according to data…
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Bitcoin Faces Correction to $72,000 as Investor Sentiment Weakens
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Bitcoin is at risk of a temporary correction towards the $72,000 support level as investor sentiment reaches lows not seen since 2022. Analysts suggest that while a sharp drop below $75,000 is unlikely, market repositioning could push the cryptocurrency further down before a recovery takes shape. Bitcoin Falls to Three-Month Low The price of Bitcoin…
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Here’s what Happened in Crypto Today
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House Democrats Propose Ban on Presidential Memecoins The United States Congress is set to debate a new bill that would ban public officials from issuing or endorsing digital assets, including memecoins like the official Trump (TRUMP) token. California Representative Sam Liccardo, a Democrat, told ABC News on 27 February that he is preparing to introduce…
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Solana Faces Major TVL Drop as SOL Price Risks Further Decline
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Solana’s TVL Falls $5 Billion in 30 Days The Solana blockchain has seen a significant decline in total value locked (TVL), plunging by 39.2% in the past month. This marks the largest monthly drop since November 2022, when the collapse of the FTX exchange sent shockwaves through the crypto market. Solana’s TVL, which peaked at…
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Bitcoin Hits Three-Month Low Amid Market Manipulation Concerns
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BTC Price Drops to $85,000 Before Analysts Predict Rebound to $93,500 Bitcoin (BTC) has reached its lowest level in over three months, falling to $85,341 on February 26 as market pressures and suspected manipulation continue to weigh on its price. However, analysts remain optimistic, forecasting a potential recovery in the coming weeks. Market Manipulation and…
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XRP Price Surges 7% Amid Market Recovery and Ledger Upgrade Proposal
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XRP has witnessed a strong price rebound, surging 7% on 26 February as the broader cryptocurrency market shows signs of recovery. This comes amid Ripple’s proposal for a significant upgrade to the XRP Ledger (XRPL), which could enhance its functionality and attract more investors. XRP Gains Amid Market Volatility The price of XRP has recovered…