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Common mistakes to avoid in crypto,
which is a smart approach to keep your investments safe. Here are some of the main ways people often lose money in crypto, and how to avoid them:
Fake Exchanges & $Wallets: Only use trusted exchanges and wallets. Double-check URLs, and be cautious of unofficial apps.
Phishing Scams: These often involve fake links or emails that steal your personal information. Always verify the source before clicking on links or entering sensitive information.
Pump-and-Dump Schemes: These happen when scammers hype a coin to drive up its price, then sell off, leaving new investors with losses.
2. Investing in Unverified Projects
Rug Pulls: A project might appear promising, only for its developers to abandon it after raising funds. Research teams and look for credible audits to gauge project legitimacy.
Overhyped Coins: Avoid putting money into assets that only have hype but no clear purpose or long-term value.
3. Poor Security Practices
Not Using Two-Factor Authentication (2FA): Set up 2FA for your exchanges and wallets to reduce the risk of hacks.
Keeping Crypto on Exchanges: Only keep crypto on exchanges if you’re actively trading; for long-term holding, use secure wallets, preferably hardware wallets.
4. Ignoring Volatility Risks
Over-Leveraging: Using leverage can multiply gains, but it also means multiplied losses. For beginners, avoiding leverage is often best.
Emotional Trading: Making impulsive decisions, like panic-selling or FOMO-buying, can lead to losses. Plan your investments and stick to your strategy.
5. Lack of Education & Research
Not Understanding the Technology: Taking time to understand blockchain and how each coin or token operates can help you identify promising projects and avoid scams.
Ignoring Fees: Network and trading fees can add up, especially on exchanges. Track these fees so they don’t cut into your profits.
Being aware of these pitfalls can help you avoid common mistakes and build a safer investment strategy. Let me know if you'd like more on any of these topics!
$BTC $ETH $BNB
which is a smart approach to keep your investments safe. Here are some of the main ways people often lose money in crypto, and how to avoid them:
Fake Exchanges & $Wallets: Only use trusted exchanges and wallets. Double-check URLs, and be cautious of unofficial apps.
Phishing Scams: These often involve fake links or emails that steal your personal information. Always verify the source before clicking on links or entering sensitive information.
Pump-and-Dump Schemes: These happen when scammers hype a coin to drive up its price, then sell off, leaving new investors with losses.
2. Investing in Unverified Projects
Rug Pulls: A project might appear promising, only for its developers to abandon it after raising funds. Research teams and look for credible audits to gauge project legitimacy.
Overhyped Coins: Avoid putting money into assets that only have hype but no clear purpose or long-term value.
3. Poor Security Practices
Not Using Two-Factor Authentication (2FA): Set up 2FA for your exchanges and wallets to reduce the risk of hacks.
Keeping Crypto on Exchanges: Only keep crypto on exchanges if you’re actively trading; for long-term holding, use secure wallets, preferably hardware wallets.
4. Ignoring Volatility Risks
Over-Leveraging: Using leverage can multiply gains, but it also means multiplied losses. For beginners, avoiding leverage is often best.
Emotional Trading: Making impulsive decisions, like panic-selling or FOMO-buying, can lead to losses. Plan your investments and stick to your strategy.
5. Lack of Education & Research
Not Understanding the Technology: Taking time to understand blockchain and how each coin or token operates can help you identify promising projects and avoid scams.
Ignoring Fees: Network and trading fees can add up, especially on exchanges. Track these fees so they don’t cut into your profits.
Being aware of these pitfalls can help you avoid common mistakes and build a safer investment strategy. Let me know if you'd like more on any of these topics!
$BTC $ETH $BNB
AI cryptocurrencies fell as Microsoft slowed data center expansion.
This could be a short-term dip rather than a long-term trend, but let’s break it down from multiple angles:
1. Why Did AI Cryptos Drop?
Microsoft’s Slower Expansion: Since AI cryptos rely heavily on GPU-intensive computing, a slowdown in data center growth means less immediate demand for decentralized AI solutions.
High Correlation with AI Hype: These tokens often move based on AI industry trends, and any bearish news in AI tech affects them more than general cryptos.
2. Is This a Buy-the-Dip Opportunity?
Bull Case:
AI-driven crypto projects still have strong long-term potential as demand for decentralized AI grows.
Companies like Nvidia, OpenAI, and Meta are still aggressively pushing AI infrastructure, meaning the long-term trend is intact.
Lower prices = potential accumulation opportunity for long-term believers.
Bear Case:
If more tech giants slow expansion, AI projects could struggle with funding and adoption.
AI cryptos have high volatility; they might drop further if investors pull out in the short term.
3. What to Watch Before Buying?
BTC’s Market Trend: If Bitcoin enters a bearish phase, altcoins (especially speculative ones like AI tokens) could drop further.
Project-Specific News: Check for updates from AI crypto teams—are they still making partnerships and advancing tech?
Big Tech AI Investments: If Microsoft’s pullback is isolated, but Google, Amazon, or Meta keep expanding, it’s a good sign.
Final Take
If you're a long-term believer in AI and blockchain convergence, this dip could be an accumulation opportunity for solid projects like FET, AGIX, RNDR, and OCEAN at a discount.
If you're short-term trading, wait for stronger support levels or a reversal signal before jumping in.
This could be a short-term dip rather than a long-term trend, but let’s break it down from multiple angles:
1. Why Did AI Cryptos Drop?
Microsoft’s Slower Expansion: Since AI cryptos rely heavily on GPU-intensive computing, a slowdown in data center growth means less immediate demand for decentralized AI solutions.
High Correlation with AI Hype: These tokens often move based on AI industry trends, and any bearish news in AI tech affects them more than general cryptos.
2. Is This a Buy-the-Dip Opportunity?
Bull Case:
AI-driven crypto projects still have strong long-term potential as demand for decentralized AI grows.
Companies like Nvidia, OpenAI, and Meta are still aggressively pushing AI infrastructure, meaning the long-term trend is intact.
Lower prices = potential accumulation opportunity for long-term believers.
Bear Case:
If more tech giants slow expansion, AI projects could struggle with funding and adoption.
AI cryptos have high volatility; they might drop further if investors pull out in the short term.
3. What to Watch Before Buying?
BTC’s Market Trend: If Bitcoin enters a bearish phase, altcoins (especially speculative ones like AI tokens) could drop further.
Project-Specific News: Check for updates from AI crypto teams—are they still making partnerships and advancing tech?
Big Tech AI Investments: If Microsoft’s pullback is isolated, but Google, Amazon, or Meta keep expanding, it’s a good sign.
Final Take
If you're a long-term believer in AI and blockchain convergence, this dip could be an accumulation opportunity for solid projects like FET, AGIX, RNDR, and OCEAN at a discount.
If you're short-term trading, wait for stronger support levels or a reversal signal before jumping in.
Lazarus Group’s Wrapped Bitcoin (WBTC) sale and their laundering strategy:
1. The Transaction Details
Amount Sold: 40.78 WBTC
Profit Made: $2.51 million
Holding Duration: ~2 years
Type of Crypto: Wrapped Bitcoin (WBTC) – an Ethereum-based token that represents Bitcoin.
2. How Lazarus Laundered the Funds
Lazarus Group follows a multi-step laundering process to avoid detection:
Step 1: Conversion & Transfers
They move stolen assets across multiple wallets to break the direct trail.
Some of these transactions involve bridges that convert funds between different blockchain networks.
Step 2: Using Mixers
They likely sent part of the WBTC to coin mixing services like Tornado Cash or Sinbad.io (which they’ve used before).
These mixers blend funds from different sources, making it difficult to trace the original sender.
Step 3: Conversion to Fiat or Other Assets
Lazarus often swaps funds into Monero (XMR), a privacy coin known for anonymity.
They may also use OTC (Over-the-Counter) brokers to convert crypto into cash.
Some funds are deposited into exchanges with lax KYC rules, often in Russia or China.
3. Why This Matters
North Korea funds its nuclear and weapons programs through crypto heists.
Lazarus remains one of the most sophisticated cybercrime syndicates in the crypto space.
Blockchain analytics firms and governments are intensifying efforts to track and seize stolen assets.
1. The Transaction Details
Amount Sold: 40.78 WBTC
Profit Made: $2.51 million
Holding Duration: ~2 years
Type of Crypto: Wrapped Bitcoin (WBTC) – an Ethereum-based token that represents Bitcoin.
2. How Lazarus Laundered the Funds
Lazarus Group follows a multi-step laundering process to avoid detection:
Step 1: Conversion & Transfers
They move stolen assets across multiple wallets to break the direct trail.
Some of these transactions involve bridges that convert funds between different blockchain networks.
Step 2: Using Mixers
They likely sent part of the WBTC to coin mixing services like Tornado Cash or Sinbad.io (which they’ve used before).
These mixers blend funds from different sources, making it difficult to trace the original sender.
Step 3: Conversion to Fiat or Other Assets
Lazarus often swaps funds into Monero (XMR), a privacy coin known for anonymity.
They may also use OTC (Over-the-Counter) brokers to convert crypto into cash.
Some funds are deposited into exchanges with lax KYC rules, often in Russia or China.
3. Why This Matters
North Korea funds its nuclear and weapons programs through crypto heists.
Lazarus remains one of the most sophisticated cybercrime syndicates in the crypto space.
Blockchain analytics firms and governments are intensifying efforts to track and seize stolen assets.
SpaceX has successfully launched the Fram2 mission, marking the first human spaceflight to traverse Earth's polar regions. Funded and commanded by Chun Wang, a Maltese investor and founder of the Bitcoin mining pool F2Pool, the mission highlights the growing role of private investors in space exploration. The crew consists of four private astronauts: Norwegian cinematographer Jannicke Mikkelsen, German robotics researcher Rabea Rogge, and Australian polar explorer Eric Philips, alongside Wang. Departing from NASA's Kennedy Space Center aboard a SpaceX Crew Dragon capsule, the team will orbit Earth 55 times over three to five days, conducting 22 scientific experiments. These include the first X-rays of the human skeleton in space and studies on auroras. The mission not only advances scientific research but also showcases how cryptocurrency-driven funding is helping push the boundaries of commercial space travel.
CRYPTO NEWS
The U.S. Treasury Department has officially removed Tornado Cash, an Ethereum-based cryptocurrency privacy tool, from its sanctions list. Previously blacklisted due to its exploitation by bad actors, including North Korean hackers, this decision represents a notable shift in the regulation of decentralized software. Treasury Secretary Scott Bessent reaffirmed the commitment to monitoring North Korea’s cyber threats.
The U.S. Treasury Department has officially removed Tornado Cash, an Ethereum-based cryptocurrency privacy tool, from its sanctions list. Previously blacklisted due to its exploitation by bad actors, including North Korean hackers, this decision represents a notable shift in the regulation of decentralized software. Treasury Secretary Scott Bessent reaffirmed the commitment to monitoring North Korea’s cyber threats.
SEC Begins Crypto Rulemaking: The U.S. Securities and Exchange Commission (SEC) has launched its crypto rulemaking process, marking a move toward crafting a specialized regulatory framework for the cryptocurrency sector. The first public roundtable showcased a range of viewpoints and emphasized the challenges of defining digital assets as securities. This extensive regulatory reform is expected to take time, ultimately leading to a proposal for review by the full commission.
Trump Declares U.S. the Crypto Capital: A New Era for Bitcoin and Digital Finance
President Donald Trump has announced plans to transform the United States into the leading global hub for Bitcoin and cryptocurrencies. In a pre-recorded address at the Blockworks Digital Assets Summit in New York City on March 20, 2025, he declared an end to the previous administration's "regulatory war on crypto and Bitcoin" and urged Congress to pass legislation establishing straightforward regulations for stablecoins and market structures.
Trump emphasized the economic potential of embracing digital assets, predicting that dollar-backed stablecoins could bolster the U.S. dollar and usher in a new era of financial growth centered in the United States. He also announced the creation of a Strategic Bitcoin Reserve, likened to a digital Fort Knox, to safeguard and maximize government-held cryptocurrency assets.
In line with this policy shift, the U.S. Securities and Exchange Commission (SEC) convened a public meeting of its Cryptocurrency Task Force to discuss the application of securities laws to digital assets. Led by Republican Commissioner Hester Peirce, the meeting addressed whether cryptocurrencies require a distinct regulatory framework, reflecting the administration's intent to reduce regulatory pressures imposed during the previous administration.
Industry leaders have responded positively to these developments. Paul Frost-Smith, co-CEO of crypto custody exchange Komainu, expressed renewed interest in expanding operations in the U.S., citing the administration's crypto-friendly policies as a motivating factor.
These initiatives underscore a significant shift in U.S. policy toward digital assets, aiming to position the country at the forefront of the global cryptocurrency landscape.
President Donald Trump has announced plans to transform the United States into the leading global hub for Bitcoin and cryptocurrencies. In a pre-recorded address at the Blockworks Digital Assets Summit in New York City on March 20, 2025, he declared an end to the previous administration's "regulatory war on crypto and Bitcoin" and urged Congress to pass legislation establishing straightforward regulations for stablecoins and market structures.
Trump emphasized the economic potential of embracing digital assets, predicting that dollar-backed stablecoins could bolster the U.S. dollar and usher in a new era of financial growth centered in the United States. He also announced the creation of a Strategic Bitcoin Reserve, likened to a digital Fort Knox, to safeguard and maximize government-held cryptocurrency assets.
In line with this policy shift, the U.S. Securities and Exchange Commission (SEC) convened a public meeting of its Cryptocurrency Task Force to discuss the application of securities laws to digital assets. Led by Republican Commissioner Hester Peirce, the meeting addressed whether cryptocurrencies require a distinct regulatory framework, reflecting the administration's intent to reduce regulatory pressures imposed during the previous administration.
Industry leaders have responded positively to these developments. Paul Frost-Smith, co-CEO of crypto custody exchange Komainu, expressed renewed interest in expanding operations in the U.S., citing the administration's crypto-friendly policies as a motivating factor.
These initiatives underscore a significant shift in U.S. policy toward digital assets, aiming to position the country at the forefront of the global cryptocurrency landscape.
Australia's Crypto Revolution: Regulating Digital Assets & Tackling Debanking
Australia's government, led by the center-left Labor Party, has introduced a comprehensive regulatory framework for digital assets, aiming to align crypto exchanges and related services with existing financial services laws. This initiative seeks to enhance consumer protection and market integrity within the rapidly evolving crypto industry.
Components of the Proposed Framework:
Licensing Requirements: Major crypto platforms, including exchanges and custodians, will be mandated to obtain an Australian Financial Services Licence (AFSL). This move ensures that these entities adhere to the same standards as traditional financial institutions. Smaller-scale firms and businesses not involved in financial services may be exempt from this requirement.
Consumer Protections: The regulations will impose compliance obligations on digital asset platforms, focusing on safeguarding customer assets, enforcing minimum capital requirements, and enhancing overall consumer protection measures.
Stablecoin Oversight: The framework includes specific provisions for the regulation of stablecoins, ensuring they meet governance standards and maintain minimum capital thresholds to uphold financial stability.
Addressing Debanking Issues:
The government acknowledges the challenges posed by "debanking," where traditional banks withdraw services from crypto operators, potentially pushing these businesses into unregulated channels. To counter this, the government plans to collaborate with major banks to develop strategies that address debanking concerns, aiming to foster a more inclusive financial environment for crypto entities.
Industry Response:
Leaders in the crypto sector have largely welcomed the government's pragmatic approach. Edward Carroll of MHC Digital and Caroline Bowler of BTC Markets praised the reforms, emphasizing their importance for stability and innovation within the industry. The Digital Economy Council of Australia also highlighted the timely support for innovation that these regulations represent.
The government aims to legislate these reforms within the year, signaling a commitment to balancing innovation with consumer protection and market integrity in Australia's digital asset landscape.
Components of the Proposed Framework:
Licensing Requirements: Major crypto platforms, including exchanges and custodians, will be mandated to obtain an Australian Financial Services Licence (AFSL). This move ensures that these entities adhere to the same standards as traditional financial institutions. Smaller-scale firms and businesses not involved in financial services may be exempt from this requirement.
Consumer Protections: The regulations will impose compliance obligations on digital asset platforms, focusing on safeguarding customer assets, enforcing minimum capital requirements, and enhancing overall consumer protection measures.
Stablecoin Oversight: The framework includes specific provisions for the regulation of stablecoins, ensuring they meet governance standards and maintain minimum capital thresholds to uphold financial stability.
Addressing Debanking Issues:
The government acknowledges the challenges posed by "debanking," where traditional banks withdraw services from crypto operators, potentially pushing these businesses into unregulated channels. To counter this, the government plans to collaborate with major banks to develop strategies that address debanking concerns, aiming to foster a more inclusive financial environment for crypto entities.
Industry Response:
Leaders in the crypto sector have largely welcomed the government's pragmatic approach. Edward Carroll of MHC Digital and Caroline Bowler of BTC Markets praised the reforms, emphasizing their importance for stability and innovation within the industry. The Digital Economy Council of Australia also highlighted the timely support for innovation that these regulations represent.
The government aims to legislate these reforms within the year, signaling a commitment to balancing innovation with consumer protection and market integrity in Australia's digital asset landscape.
FOMC Meets Crypto: Market Anticipation and Volatility Unleashed
The Federal Open Market Committee (FOMC) meeting today is a significant event for financial markets, including cryptocurrencies. The FOMC, a component of the U.S. Federal Reserve, convenes regularly to assess and set monetary policies, particularly concerning interest rates and economic growth. These decisions can substantially influence investor behavior across various asset classes.
Current Market Sentiment:
As of today, major cryptocurrencies like Bitcoin and Ethereum have experienced modest gains. Bitcoin's price has risen by approximately 1.2%, reaching around $83,290, while Ethereum has seen a 1.5% increase. These movements suggest a cautiously optimistic market ahead of the FOMC's announcement.
Anticipated Outcomes of the FOMC Meeting:
Market analysts widely expect the Federal Reserve to maintain current interest rates. However, attention is focused on Fed Chair Jerome Powell's upcoming press conference for insights into future monetary policy directions. Discussions may include the potential end of quantitative tightening—a process where the Fed reduces its balance sheet by selling assets—which could increase liquidity in the financial system. Such a shift might positively impact risk assets, including cryptocurrencies, as investors often seek higher returns in more liquid environments.
Potential Implications for Cryptocurrencies:
Dovish Signals: If Chair Powell indicates a more accommodative monetary stance or hints at future rate cuts, it could bolster investor confidence in cryptocurrencies, potentially leading to price increases. Lower interest rates typically decrease the appeal of traditional savings, prompting investors to explore alternative assets like cryptocurrencies.
Hawkish Signals: Conversely, if the Fed maintains a cautious approach, emphasizing concerns about inflation or economic overheating, this could dampen enthusiasm for riskier assets, including cryptocurrencies, possibly resulting in price declines.
Market Behavior Around FOMC Meetings:
Historically, Bitcoin has exhibited increased volatility around FOMC meetings. Traders often adjust their positions in anticipation of policy announcements, leading to notable price movements post-meeting. For instance, since early 2024, Bitcoin prices have generally declined following FOMC decisions to maintain rates, though exceptions exist, such as the pre-halving rally of February 2024.
Conclusion:
The outcomes of today's FOMC meeting and Chair Powell's statements are poised to influence cryptocurrency markets. Investors should remain attentive to these developments, as they may affect market liquidity, investor sentiment, and, consequently, cryptocurrency valuations.
Current Market Sentiment:
As of today, major cryptocurrencies like Bitcoin and Ethereum have experienced modest gains. Bitcoin's price has risen by approximately 1.2%, reaching around $83,290, while Ethereum has seen a 1.5% increase. These movements suggest a cautiously optimistic market ahead of the FOMC's announcement.
Anticipated Outcomes of the FOMC Meeting:
Market analysts widely expect the Federal Reserve to maintain current interest rates. However, attention is focused on Fed Chair Jerome Powell's upcoming press conference for insights into future monetary policy directions. Discussions may include the potential end of quantitative tightening—a process where the Fed reduces its balance sheet by selling assets—which could increase liquidity in the financial system. Such a shift might positively impact risk assets, including cryptocurrencies, as investors often seek higher returns in more liquid environments.
Potential Implications for Cryptocurrencies:
Dovish Signals: If Chair Powell indicates a more accommodative monetary stance or hints at future rate cuts, it could bolster investor confidence in cryptocurrencies, potentially leading to price increases. Lower interest rates typically decrease the appeal of traditional savings, prompting investors to explore alternative assets like cryptocurrencies.
Hawkish Signals: Conversely, if the Fed maintains a cautious approach, emphasizing concerns about inflation or economic overheating, this could dampen enthusiasm for riskier assets, including cryptocurrencies, possibly resulting in price declines.
Market Behavior Around FOMC Meetings:
Historically, Bitcoin has exhibited increased volatility around FOMC meetings. Traders often adjust their positions in anticipation of policy announcements, leading to notable price movements post-meeting. For instance, since early 2024, Bitcoin prices have generally declined following FOMC decisions to maintain rates, though exceptions exist, such as the pre-halving rally of February 2024.
Conclusion:
The outcomes of today's FOMC meeting and Chair Powell's statements are poised to influence cryptocurrency markets. Investors should remain attentive to these developments, as they may affect market liquidity, investor sentiment, and, consequently, cryptocurrency valuations.
The Cardano Foundation has confirmed an active collaboration with NASA, focusing on integrating blockchain technology into various applications such as data provenance, satellite data management, and track-and-trace solutions. This partnership leverages Cardano's advanced features, notably Merkle Patricia Tries (MPTs), to ensure data integrity and efficient handling of large-scale datasets.
A notable aspect of this collaboration is the integration of the entire Bitcoin protocol into Cardano's blockchain. This allows every Bitcoin transaction—past, present, and future—to be recorded on Cardano's ledger, enhancing transparency and immutability.
Beyond financial transactions, the partnership extends to satellite data management, providing a provenance layer for continuously updating datasets. This ensures data quality for AI applications and global tracking systems, highlighting the potential of decentralized technologies in addressing complex data challenges across various industries.
This collaboration underscores the growing recognition of blockchain's value in sectors requiring high data integrity and transparency, such as space exploration and scientific research. By focusing on data integrity and scalability, Cardano aims to demonstrate how decentralized technologies can address critical challenges across industries.
At the time of reporting, ADA, Cardano's native cryptocurrency, was trading at $0.71.
A notable aspect of this collaboration is the integration of the entire Bitcoin protocol into Cardano's blockchain. This allows every Bitcoin transaction—past, present, and future—to be recorded on Cardano's ledger, enhancing transparency and immutability.
Beyond financial transactions, the partnership extends to satellite data management, providing a provenance layer for continuously updating datasets. This ensures data quality for AI applications and global tracking systems, highlighting the potential of decentralized technologies in addressing complex data challenges across various industries.
This collaboration underscores the growing recognition of blockchain's value in sectors requiring high data integrity and transparency, such as space exploration and scientific research. By focusing on data integrity and scalability, Cardano aims to demonstrate how decentralized technologies can address critical challenges across industries.
At the time of reporting, ADA, Cardano's native cryptocurrency, was trading at $0.71.
🔥🔥Canary Capital has submitted its sixth cryptocurrency exchange-traded fund (ETF) proposal to the U.S. Securities and Exchange Commission (SEC), this time aiming to launch an ETF that tracks the spot price of #Sui (SUI), the native token of the Sui Network blockchain.
The firm filed a Form S-1 with the SEC on March 17, seeking approval for the Canary SUI ETF. The filing did not specify the exchange on which the ETF would be listed or its proposed ticker symbol. If approved, the ETF would directly hold Sui tokens, providing investors with exposure to the cryptocurrency without the need to hold it directly.
Sui is currently ranked as the 23rd largest cryptocurrency, with a market capitalization of approximately $7.36 billion. It is trading at $2.31, reflecting a 1.3% increase over the last day and a 7.3% rise over the past week. However, it remains down 56.5% from its all-time high of $5.35 in early January.
This filing is part of a broader trend of increased optimism for cryptocurrency ETF approvals, especially following regulatory shifts under the current U.S. administration. Since President Donald Trump’s election, there has been a more favorable stance toward digital assets, leading to a surge in ETF applications. Steven McClurg, founder of Canary Capital, expressed hope that many of these ETFs will be approved by the end of 2025.
In addition to the Sui ETF, Canary Capital has previously filed for ETFs tracking other cryptocurrencies, including #Solana (SOL), Litecoin (#LTC), #XRP (XRP), Hedera (HBAR), and Axelar (AXL). The firm registered a trust in Delaware on March 6 for the Sui fund, a necessary step before the SEC can consider listing the ETF for trading.
The SEC's decision on these ETF applications is anticipated to be influenced by the confirmation of Paul Atkins, President Trump's nominee for SEC chair, which may lead to a more crypto-friendly regulatory environment.
The firm filed a Form S-1 with the SEC on March 17, seeking approval for the Canary SUI ETF. The filing did not specify the exchange on which the ETF would be listed or its proposed ticker symbol. If approved, the ETF would directly hold Sui tokens, providing investors with exposure to the cryptocurrency without the need to hold it directly.
Sui is currently ranked as the 23rd largest cryptocurrency, with a market capitalization of approximately $7.36 billion. It is trading at $2.31, reflecting a 1.3% increase over the last day and a 7.3% rise over the past week. However, it remains down 56.5% from its all-time high of $5.35 in early January.
This filing is part of a broader trend of increased optimism for cryptocurrency ETF approvals, especially following regulatory shifts under the current U.S. administration. Since President Donald Trump’s election, there has been a more favorable stance toward digital assets, leading to a surge in ETF applications. Steven McClurg, founder of Canary Capital, expressed hope that many of these ETFs will be approved by the end of 2025.
In addition to the Sui ETF, Canary Capital has previously filed for ETFs tracking other cryptocurrencies, including #Solana (SOL), Litecoin (#LTC), #XRP (XRP), Hedera (HBAR), and Axelar (AXL). The firm registered a trust in Delaware on March 6 for the Sui fund, a necessary step before the SEC can consider listing the ETF for trading.
The SEC's decision on these ETF applications is anticipated to be influenced by the confirmation of Paul Atkins, President Trump's nominee for SEC chair, which may lead to a more crypto-friendly regulatory environment.
World Liberty Financial (WLFI), a cryptocurrency venture backed by the Trump family, has raised a total of $550 million through two rounds of token sales. The second sale, completed recently, garnered over $250 million, attracting more than 85,000 participants who underwent know-your-customer (KYC) verification to participate.
Launched in October of the previous year, WLFI positions itself as a crypto banking platform. The Trump family's stake in the company allows them to receive 75% of its net revenue. The project's connections to the Trump family have drawn significant attention, with some investors citing these ties as a factor in their decision to purchase tokens.
However, the venture has sparked ethical concerns regarding the intersection of political power and financial interests. Critics argue that such projects blur the lines between governance and personal business endeavors, raising questions about potential conflicts of interest. Additionally, the broader cryptocurrency community has expressed apprehension about the legitimacy and potential risks associated with such high-profile endorsements, fearing they may undermine the industry's credibility.
Despite these concerns, WLFI continues to promote its platform, with co-founder Zach Witkoff stating that the company is "on track to supercharge DeFi," referring to decentralized finance. The project's future developments will likely be closely monitored, given the ongoing debates surrounding ethics and the rapidly evolving landscape of digital assets.
Launched in October of the previous year, WLFI positions itself as a crypto banking platform. The Trump family's stake in the company allows them to receive 75% of its net revenue. The project's connections to the Trump family have drawn significant attention, with some investors citing these ties as a factor in their decision to purchase tokens.
However, the venture has sparked ethical concerns regarding the intersection of political power and financial interests. Critics argue that such projects blur the lines between governance and personal business endeavors, raising questions about potential conflicts of interest. Additionally, the broader cryptocurrency community has expressed apprehension about the legitimacy and potential risks associated with such high-profile endorsements, fearing they may undermine the industry's credibility.
Despite these concerns, WLFI continues to promote its platform, with co-founder Zach Witkoff stating that the company is "on track to supercharge DeFi," referring to decentralized finance. The project's future developments will likely be closely monitored, given the ongoing debates surrounding ethics and the rapidly evolving landscape of digital assets.
Binance has announced a zero-fee trading promotion for all trading pairs within the Binance Wallet, effective from March 17, 2025, at 8:00 UTC, until September 17, 2025, at 8:00 UTC.
Eligible The zero-fee offer applies to all swaps conducted through Quick Buy in Binance Alpha or the integrated Swap and Bridge functionalities of Binance Wallet.
Users are still responsible for paying network gas fees during transaction
Only users trading with a backed-up keyless address in the Binance Wallet are eligible. Wallets that are imported do not qualify for this promotion.
This initiative aims to enhance trading accessibility and efficiency for Binance users.
Eligible The zero-fee offer applies to all swaps conducted through Quick Buy in Binance Alpha or the integrated Swap and Bridge functionalities of Binance Wallet.
Users are still responsible for paying network gas fees during transaction
Only users trading with a backed-up keyless address in the Binance Wallet are eligible. Wallets that are imported do not qualify for this promotion.
This initiative aims to enhance trading accessibility and efficiency for Binance users.
UPCX (UPC) Debuts on BitTrade: A New Era of Crypto Trading in Japan
BitTrade, a licensed Japanese cryptocurrency trading platform, has announced that it will list UPCX (UPC) on March 27, 2025, at 6:00 AM UTC. UPCX is an open-source payment system based on a high-speed blockchain optimized for payments and financial services. It aims to enhance the automation and simplification of financial processes while providing users with a secure payment experience through technologies such as smart contracts and non-custodial custody.
BitTrade has completed registration with the Japanese Financial Services Agency and the Finance Bureau, aiming to integrate real-world finance and payments with blockchain technology.
BitTrade, a licensed Japanese cryptocurrency trading platform, has announced that it will list UPCX (UPC) on March 27, 2025, at 6:00 AM UTC. UPCX is an open-source payment system based on a high-speed blockchain optimized for payments and financial services. It aims to enhance the automation and simplification of financial processes while providing users with a secure payment experience through technologies such as smart contracts and non-custodial custody.
BitTrade has completed registration with the Japanese Financial Services Agency and the Finance Bureau, aiming to integrate real-world finance and payments with blockchain technology.
Did David Sacks Exit Too Soon? $440K Bitcoin Prediction Sparks Debate
David Sacks, a venture capitalist and advisor to President Trump on cryptocurrency and AI policy, recently sold over $200 million in crypto assets, including holdings in Bitcoin, Ethereum, and Solana. This divestment was made to comply with government ethics rules and to avoid potential conflicts of interest in his new role.
Some experts, such as Josh Mandell, a renowned Wall Street trader, predict that Bitcoin could reach a peak of $444,000 in the current cycle. Other projections suggest that Bitcoin's price may peak between $420,000 and $440,000 in the 2029-2030 timeframe.
As of today, Bitcoin is trading at approximately $83,747, with an intraday high of $84,506 and a low of $83,715.
Given these forecasts, some speculate that Sacks might regret his decision to liquidate his crypto holdings. However, it's important to note that his divestment was primarily driven by ethical considerations related to his governmental position, rather than market speculation. The future trajectory of Bitcoin remains uncertain, influenced by various factors including market dynamics, regulatory developments, and technological advancements.
David Sacks, a venture capitalist and advisor to President Trump on cryptocurrency and AI policy, recently sold over $200 million in crypto assets, including holdings in Bitcoin, Ethereum, and Solana. This divestment was made to comply with government ethics rules and to avoid potential conflicts of interest in his new role.
Some experts, such as Josh Mandell, a renowned Wall Street trader, predict that Bitcoin could reach a peak of $444,000 in the current cycle. Other projections suggest that Bitcoin's price may peak between $420,000 and $440,000 in the 2029-2030 timeframe.
As of today, Bitcoin is trading at approximately $83,747, with an intraday high of $84,506 and a low of $83,715.
Given these forecasts, some speculate that Sacks might regret his decision to liquidate his crypto holdings. However, it's important to note that his divestment was primarily driven by ethical considerations related to his governmental position, rather than market speculation. The future trajectory of Bitcoin remains uncertain, influenced by various factors including market dynamics, regulatory developments, and technological advancements.
Binance Secures Historic $2 Billion Investment from Abu Dhabi’s MGX
Abu Dhabi-based investment firm MGX has made a landmark $2 billion investment in Binance, the world's largest cryptocurrency exchange, marking Binance's first institutional backing. The transaction was conducted entirely in stablecoins, though the specific type was not disclosed.
This investment aligns with the United Arab Emirates' ambition to become a global hub for digital assets and blockchain technology. MGX, traditionally focused on artificial intelligence and advanced technologies, aims to foster innovation at the intersection of AI, blockchain, and finance through this partnership.
Binance maintains a significant presence in the UAE, with approximately 1,000 of its 5,000 employees based there. The company holds a local operating license and continues to strengthen its ties within the region.
This substantial investment underscores the growing institutional interest in the cryptocurrency sector and highlights the UAE's strategic efforts to diversify its economy by embracing digital finance and blockchain technologies.
Abu Dhabi-based investment firm MGX has made a landmark $2 billion investment in Binance, the world's largest cryptocurrency exchange, marking Binance's first institutional backing. The transaction was conducted entirely in stablecoins, though the specific type was not disclosed.
This investment aligns with the United Arab Emirates' ambition to become a global hub for digital assets and blockchain technology. MGX, traditionally focused on artificial intelligence and advanced technologies, aims to foster innovation at the intersection of AI, blockchain, and finance through this partnership.
Binance maintains a significant presence in the UAE, with approximately 1,000 of its 5,000 employees based there. The company holds a local operating license and continues to strengthen its ties within the region.
This substantial investment underscores the growing institutional interest in the cryptocurrency sector and highlights the UAE's strategic efforts to diversify its economy by embracing digital finance and blockchain technologies.
Crackdown on Crypto Crime: Indian Authorities Arrest Exchange Administrator for Money Laundering
In a coordinated operation between Indian and U.S. authorities, the Central Bureau of Investigation (CBI) and Kerala Police arrested Lithuanian national Aleksej Besciokov, founder of the cryptocurrency exchange Garantex, on charges of money laundering. Besciokov is accused of facilitating illicit transactions totaling at least $96 billion, involving activities such as hacking, ransomware, terrorism, and drug trafficking. The arrest was made following a provisional arrest warrant issued by the Ministry of External Affairs at the request of the United States.
Garantex, under Besciokov's administration since 2019, allegedly served as a platform for transnational criminal organizations to launder proceeds from various illegal activities, significantly impacting U.S. victims. Besciokov faces charges including conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison.
This arrest is part of a broader effort by Indian authorities to combat cyber-enabled financial crimes in collaboration with international agencies. In September 2024, the CBI, under Operation Chakra-3, arrested Mumbai-based cybercriminal Vishnu Rathi, who had defrauded a U.S. citizen of $4.5 lakh by posing as technical support. The operation led to the seizure of 57 gold bars, cash, and incriminating documents, highlighting the sophisticated methods used by such networks to launder proceeds through virtual assets and bullion.
These coordinated actions underscore the commitment of Indian agencies to work with international partners in dismantling organized cyber-enabled financial crime networks.
Garantex, under Besciokov's administration since 2019, allegedly served as a platform for transnational criminal organizations to launder proceeds from various illegal activities, significantly impacting U.S. victims. Besciokov faces charges including conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison.
This arrest is part of a broader effort by Indian authorities to combat cyber-enabled financial crimes in collaboration with international agencies. In September 2024, the CBI, under Operation Chakra-3, arrested Mumbai-based cybercriminal Vishnu Rathi, who had defrauded a U.S. citizen of $4.5 lakh by posing as technical support. The operation led to the seizure of 57 gold bars, cash, and incriminating documents, highlighting the sophisticated methods used by such networks to launder proceeds through virtual assets and bullion.
These coordinated actions underscore the commitment of Indian agencies to work with international partners in dismantling organized cyber-enabled financial crime networks.
Can the U.S. Become the Global Hub for DeFi ?
The U.S. government has been aggressive in regulating crypto, with the SEC targeting DeFi projects under securities laws. However, recent legislative efforts, like the FIT21 bill, could provide much-needed clarity. If the U.S. adopts a clear and innovation-friendly regulatory framework, it could attract more DeFi builders instead of pushing them offshore.
Wall Street’s DeFi Play
Major U.S. financial institutions like BlackRock, Fidelity, and JPMorgan are exploring blockchain-based financial solutions. The rise of Real World Asset (RWA) tokenization is bridging TradFi and DeFi, potentially making the U.S. a DeFi leader—if regulations allow it.
The U.S. remains a global leader in tech talent, venture capital, and blockchain startups. If the regulatory environment improves, developers and entrepreneurs could choose to build in the U.S. instead of moving to crypto-friendly nations like Singapore or Dubai.
Who’s Leading the DeFi Race?
Countries like Switzerland (Crypto Valley), the UAE (Dubai’s free zones), and Singapore are offering clear DeFi regulations and tax incentives. If the U.S. wants to compete, it must create policies that attract, rather than drive away, innovation.
The U.S. has the infrastructure, capital, and talent to become the global home of DeFi. However, without pro-DeFi regulations, developers and investors will migrate to jurisdictions that provide legal certainty. The next few years will determine whether the U.S. embraces DeFi or lets other nations take the lead.
Wall Street’s DeFi Play
Major U.S. financial institutions like BlackRock, Fidelity, and JPMorgan are exploring blockchain-based financial solutions. The rise of Real World Asset (RWA) tokenization is bridging TradFi and DeFi, potentially making the U.S. a DeFi leader—if regulations allow it.
The U.S. remains a global leader in tech talent, venture capital, and blockchain startups. If the regulatory environment improves, developers and entrepreneurs could choose to build in the U.S. instead of moving to crypto-friendly nations like Singapore or Dubai.
Who’s Leading the DeFi Race?
Countries like Switzerland (Crypto Valley), the UAE (Dubai’s free zones), and Singapore are offering clear DeFi regulations and tax incentives. If the U.S. wants to compete, it must create policies that attract, rather than drive away, innovation.
The U.S. has the infrastructure, capital, and talent to become the global home of DeFi. However, without pro-DeFi regulations, developers and investors will migrate to jurisdictions that provide legal certainty. The next few years will determine whether the U.S. embraces DeFi or lets other nations take the lead.
Why Bitcoin and Ethereum have experienced notable price declines ?
Recent statements by U.S. President Donald Trump have heightened fears of a potential recession. In a recent interview, Trump refused to rule out an economic downturn, stating the economy is undergoing a "period of transition." This uncertainty has led to declines in U.S. stock futures and has negatively impacted investor sentiment across various markets, including cryptocurrencies.
Trump's announcement of reciprocal tariffs against U.S. trade partners, set to begin on April 2, has intensified global trade tensions. Such measures have historically led to market volatility, prompting investors to shift towards safer assets and away from riskier investments like cryptocurrencies.
The recent White House crypto summit did not meet investor expectations, leading to sharp declines in major digital assets. Bitcoin, for instance, fell more than 6% in the past 24 hours, dropping to as low as $80,024, down from its record high of $109,225 reached on January 20.
Institutional Outflows from Ethereum ETFs: Institutional investors have begun reallocating capital from crypto markets to fixed-income assets amid rising unemployment and inflationary pressures. Notably, Ethereum ETFs recorded outflows of $23 million last Friday, with BlackRock's iShares Ethereum ETF experiencing an $11 million withdrawal in a single day. This shift indicates a restructuring of portfolios in anticipation of further declines in the crypto market.
Technical Analysis Indicators: For Ethereum, technical signals have turned bearish. The formation of a "Death Cross" pattern—where short-term moving averages cross below long-term ones—suggests potential for further declines. If Ethereum closes below the critical $2,000 level, selling pressure could intensify, with the next support level around $1,850.
Historically, March has been a weak month for both Bitcoin and Ethereum. Following significant declines in February 2025—Bitcoin down 17.39% and Ethereum down 31.95%—there is a cautious outlook for March, reinforcing a seasonally weak period for these assets.
A combination of macroeconomic uncertainties, geopolitical tensions, institutional investment shifts, technical bearish indicators, and historical seasonal patterns have collectively contributed to the recent declines in Bitcoin and Ethereum prices.
Trump's announcement of reciprocal tariffs against U.S. trade partners, set to begin on April 2, has intensified global trade tensions. Such measures have historically led to market volatility, prompting investors to shift towards safer assets and away from riskier investments like cryptocurrencies.
The recent White House crypto summit did not meet investor expectations, leading to sharp declines in major digital assets. Bitcoin, for instance, fell more than 6% in the past 24 hours, dropping to as low as $80,024, down from its record high of $109,225 reached on January 20.
Institutional Outflows from Ethereum ETFs: Institutional investors have begun reallocating capital from crypto markets to fixed-income assets amid rising unemployment and inflationary pressures. Notably, Ethereum ETFs recorded outflows of $23 million last Friday, with BlackRock's iShares Ethereum ETF experiencing an $11 million withdrawal in a single day. This shift indicates a restructuring of portfolios in anticipation of further declines in the crypto market.
Technical Analysis Indicators: For Ethereum, technical signals have turned bearish. The formation of a "Death Cross" pattern—where short-term moving averages cross below long-term ones—suggests potential for further declines. If Ethereum closes below the critical $2,000 level, selling pressure could intensify, with the next support level around $1,850.
Historically, March has been a weak month for both Bitcoin and Ethereum. Following significant declines in February 2025—Bitcoin down 17.39% and Ethereum down 31.95%—there is a cautious outlook for March, reinforcing a seasonally weak period for these assets.
A combination of macroeconomic uncertainties, geopolitical tensions, institutional investment shifts, technical bearish indicators, and historical seasonal patterns have collectively contributed to the recent declines in Bitcoin and Ethereum prices.
⚠️🚨🇮🇳
Recent reports have highlighted a private meeting between Anant Ambani, the youngest son of Mukesh Ambani, and Acme-Worawat Narknawdee, a prominent entrepreneur and founder of the cryptocurrency ACT (Acet). During this meeting, Acme-Worawat presented Anant Ambani with an exclusive #iHoldACT hoodie featuring a white elephant design, symbolizing leadership and strength.
While this meeting underscores a connection between Anant Ambani and the ACT cryptocurrency, there is no public information confirming any official endorsement or investment by Anant Ambani in ACT or any other blockchain venture.
It's important to exercise caution, as there have been instances of fraudulent schemes using fabricated endorsements from prominent individuals, including Anant Ambani, to promote dubious cryptocurrency platforms. For example, fake BBC reports have falsely claimed his endorsement of certain crypto trading platforms.
As of now, there is no verified information about Anant Ambani's official involvement in any blockchain projects, including ACT.
#BTCNextATH
#MarketPullback
Recent reports have highlighted a private meeting between Anant Ambani, the youngest son of Mukesh Ambani, and Acme-Worawat Narknawdee, a prominent entrepreneur and founder of the cryptocurrency ACT (Acet). During this meeting, Acme-Worawat presented Anant Ambani with an exclusive #iHoldACT hoodie featuring a white elephant design, symbolizing leadership and strength.
While this meeting underscores a connection between Anant Ambani and the ACT cryptocurrency, there is no public information confirming any official endorsement or investment by Anant Ambani in ACT or any other blockchain venture.
It's important to exercise caution, as there have been instances of fraudulent schemes using fabricated endorsements from prominent individuals, including Anant Ambani, to promote dubious cryptocurrency platforms. For example, fake BBC reports have falsely claimed his endorsement of certain crypto trading platforms.
As of now, there is no verified information about Anant Ambani's official involvement in any blockchain projects, including ACT.
#BTCNextATH
#MarketPullback
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