digitalcurrency

Senator Cynthia Lummis is actively working on a bill to create a bitcoin reserve in the U.S. and has scheduled a meeting in Washington on March 11 to discuss the initiative with industry leaders, Bitwise CEO Hunter Horsley told CNBC Fast Money this week. He told CNBC Fast Money this week.

Asked about the seeming lack of movement on the possibility of creating a strategic #bitcoin reserve in the U. S. , Horsley confirmed that the concept is definitely in play.
It's one of the things we need to evaluate. . It was in President Trump's executive order shortly after he took office. It's on the Treasury Department's agenda, Horsley said. Senator Lummis is working on a related bill.
Moreover, on March 11, she will be hosting a meeting where I and many other CEOs will be in Washington, D. C. , to discuss this initiative, he added.
Horsley also noted that various countries are embracing bitcoin, citing the recent purchase of bitcoin by investment firm Mubadala as an example. According to recent SEC filings, Abu Dhabi's sovereign wealth fund invested about $437 million in Blackrock's bitcoin fund, iShares Bitcoin Trust.
According to the Bitwise co-founder, about 11 countries are now using bitcoin to some degree. to some degree. are using bitcoin. This fact confirms the legitimacy of bitcoin as a strategic asset.
Believe it or not, but it is quite real, he said.
Bitcoin's exchange rate has been volatile in recent weeks amid macroeconomic uncertainty. On Thursday, BTC fell below $80000 for the first time since November.
Commenting on bitcoin price volatility, Horsley said it is a well-known feature of #digital assets, but it still surprises people.
He said that historically, the first quarter is the best time for investors to
Mr. Horsley also noted that during this period of bitcoin price volatility, Bitwise has attracted the attention of more traditional investors such as asset managers, wealth managers and banks.
I think price is always the story in this sector.

the US Securities and Exchange Commission recently dismissed enforcement actions against #Coinbase and #Uniswap .

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Bitcoin is poised for a surge in March and could hit the $105,000 level again following President Donald Trump's decision to postpone tariffs until a report is released on April 1.

In a recent #interview with CNBC, White House economic adviser Kevin Hassett said that President Donald Trump will make a final decision on his tariff policy toward all countries, including Mexico and Canada, after the release of the report on April 1. White House economic adviser Kevin Hassett said President Donald Trump will make a final decision on his tariff policy toward all countries, including Mexico and Canada, after the release of the study's findings on April 1.
Hassett said: The plan is that the results will be released on April 1, and then the president
These remarks have caused uncertainty in global markets, especially affecting the #cryptocurrency sector. #Bitcoin , the world's largest cryptocurrency, has experienced a significant decline, falling more than 20% from a peak of $109,225 in January to below $85,000 as of February 27, 2025.
this drop has been attributed to concerns over potential tariffs and broader economic instability.
analysts attributed the drop to a combination of unfulfilled expectations regarding the Trump administration's pro-cryptocurrency policies and recent macroeconomic uncertainties such as trade frictions and inflation. In addition, the recent $1.5 billion hack of the Bybit exchange has further eroded investor confidence in the cryptocurrency market.
the looming tariff decision has also impacted traditional financial markets. U. S. Treasury yields fluctuated, with the two-year yield rising to 4.09% after hitting a low of 4.065% in the previous session, and the 10-year yield rising to 4.2772% from a two-and-a-half month low of 4.245%. These developments reflect investor caution amid trade policy uncertainty.
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Several independent audits have pinpointed the cause of last week's historic $1.4 billion hack of the Bybit exchange - dubbed the largest cryptocurrency hack in history based on asset value - and it wasn't the crypto exchange's fault.

Two leading cybersecurity firms, Verichains and Sygnia Labs, have determined that North Korean hackers managed to pull off the largest hack in history by injecting malicious code into the infrastructure of Safe, a #cryptocurrency wallet provider used by Bybit and long advertised as impenetrable.
According to reports from both security companies, North Korean hackers injected malicious JavaScript code directly into Safe's online infrastructure, which was hosted on Amazon Web Services. It is still unclear how the hackers infiltrated Safe.
presumably the code was specifically designed to avoid detection. When Bybit did interact with Safe, the code was triggered two days later, and the cryptocurrency exchange 1.4 billion in #Ethereum and related tokens were leaked.
just two minutes after the hack, North Korean hackers updated Safe's infrastructure, removed the malicious lines of code and disappeared without a trace, according to a statement
Decrypt, Bybit emphasized that the exchange's infrastructure was not "compromised" by North Korean hackers, according to the initial forensics report.
Bybit, a #centralized exchange in Dubai, has been working to stop hackers who stole $1.4 billion worth of Ethereum and related tokens last week. The exchange wasted no time in stopping them, offering a weekend reward of up to $140 million to anyone who helps track and freeze the funds. On Tuesday, the exchange went a step further and launched a rewards panel and website where users can leave information about stolen funds and track what it considers 'good' and 'bad' participants in the process. 'В...
Bybit was and remains 100% secure,
the company said. The statement added that Bybit withdrew the majority of funds from its secure managed wallet within hours of Friday's attack.

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The SEC has begun reviewing NYSE Arca's proposal to allow betting activities for the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF and will make a decision by May 26, 2025.

NYSE Arca filed a proposed rule change on February 14, 2025, to allow trusts to bet on etherium tokens through trusted vendors and reward them as revenue.
Arca filed a proposed rule change on February 14, 2025 to allow trusts to bet on #ethereum tokens through trusted providers and be rewarded with ethereum tokens as revenue.
Both ETFs are currently active in the market, and the SEC is expected to issue a ruling in May 2024 regarding
The proposed amendment would allow betting exclusively to a sponsor that does not pool #ETH with other entities.
The custody structure remains unchanged and Coinbase Custody will continue to provide custody of the ETH fund. The initial decision period is 45 days, but may be extended to 90 days from the publication of the notice.
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#CryptoMarketTrends #TokenEconomy #DigitalCurrency

Leading financial services provider and trading firm Citadel Securities is eyeing cryptocurrency market-making. Sources told Bloomberg that the company plans to become a liquidity provider for major exchanges such as Coinbase, Binance and crypto.com.

According to sources, the #cryptocurrency market-making giant initially plans to set up a trading team in the U. S. once it is authorized to operate on exchanges. Sources said the company plans to set up a trading team outside the U. S. once it receives authorization to operate on exchanges. The company's level of commitment could change depending on how new regulations develop in the coming months.
This represents a shift from Citadel Securities' previous cautious approach to cryptocurrency marketing. The company has been limiting its involvement in cryptocurrency trading and avoiding retail exchanges due to regulatory uncertainty in the U. S.
the Miami-based company previously partnered with Charles Schwab and #Fidelity Investments to develop a traditional 2023 stock and bond market. It launched EDX Markets, a cryptocurrency exchange designed for and reflecting the structure of institutional investors.
Citadel Securities and other financial institutions have advocated for tighter regulation of #digital assets to create a roadmap for institutional investors. The company intends to provide liquidity for digital assets, as well as operations in the stock and bond markets.
This move comes amid the Trump administration's more generous stance toward crypto-assets. After becoming president, Trump issued an executive order on digital assets and created an SEC task force on cryptocurrencies led by prominent industry advocate Hester Pearce.
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Meme tokens have become an integral part of the cryptocurrency industry: according to CoinMarketCap, the market capitalization of meme tokens exceeds $66.75 billion. This sector is increasingly attracting crypto-enthusiasts looking for quick investment opportunities.

In this context, the Pump. fun platform allows everyone to create meme-tokens on the #Solana blockchain.
Pump. fun What is Pump. fun? Pump. fun is a platform for trading and creating #meme tokens on the Solana and Blast blockchains. Launched in January 2024, it creates nitium-based illiquid meme coins for a fee of 0.02 SOL. The service has quickly gained popularity due to its features. The service ensures that all meme coins are launched without pre-sales or team assignments to prevent speculation and fraud.
the platform's homepage. pump. fun.
Once a meme coin is created, trading begins. As soon as enough users purchase tokens and the market capitalization reaches $69,000, Pump. fun automatically stops trading and transfers the assets to the liquidity pool on Raydium. In the case of Blast network tokens, the market capitalization required to place liquidity on Thruster DEX is US dollars.
The platform is currently privately managed by anonymous founders, but has received initial support from venture capital firm Alliance DAO.
The main features of Pump. fun include. Developers can choose a name, ticker and image for their #token and list it on the site for 0.02 SOL. Assets are instantly available for trading.
Bond Curve Dynamics. The platform dynamically determines the price of a token using a mathematical model called the bond curve. As demand increases, the price rises, allowing early investors to benefit from a lower initial price.
The liquidity provisioning and burning mechanism. When thresholds are reached ($69,000 for Solana tokens and $420,000 for Blast tokens), Pump. fun places meme tokens on Raydium. Some of the liquidity can then be burned, reducing supply and increasing the value of the asset.
"lagging" protection. tokens issued on Pump.
Trading Terminal.
the pump. fun trading terminal. source: pump. fun. October 19, 2024, Pump.

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This post article : An Indian businessman lost about 192 million rupees (about $221 million) in a cryptocurrency investment scam

Criminals contacted the man through Facebook, where they introduced him to a #cryptocurrency investment scheme
Authorities have registered a complaint against the scammer and warned about the prevalence of scams in the cryptocurrency sector.
An Indian businessman who fell for a sophisticated Facebook scam has lost 1.920 million rupees (about $221,000) in cryptocurrency. The 48-year-old businessman from Ahmedabad, The elaborate scam reportedly started like any other friend-finding scheme on the messaging app. The situation quickly spiraled out of control and after both parties exchanged contact details, the victim was introduced to a crypto investment platform. According to authorities, this investment opportunity turned out to be a scam.
According to a complaint registered with the police cybercrime unit, the two first met on Facebook in August 2024. An Indian businessman received a request to be added as a friend on Facebook from a beautiful woman. According to the complaint, the woman claimed to be in the business of selling fitness equipment and offered her services in Dubai and Mumbai.
her habit, the scammer contacted the man through his profile. Hi, your profile caught my attention when I was browsing through my friends' offers and I decided to contact you. Would you like to meet me? ', the scammer asked.
After he replied to the chat, they started chatting and soon switched from Facebook to WhatsApp. After a while, she offered him a lucrative cryptocurrency investment opportunity. According to the chat, she said that her uncle is a high-ranking employee of the US company in charge of the platform and would help the Indian businessman.
An Indian businessman researched a company on the Internet and found that it was legitimate. He saw that the company promised high returns and invested $ 500, making a profit of $ 250.

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According to technical analysis, bitcoin is oscillating between an upper resistance zone at $108,000 and a lower support zone at $93,000.

Specifically, crypto analyst MMBTtrader noted that this support zone has been tested several times, six times to be exact, since the #bitcoin price started trading in this range. These multiple retests are expected to weaken this support zone, and buyers may soon abandon it.
the last test took place on February 18, when bitcoin bounced to $93,900, just above the critical $93,000 level. However, bitcoin has yet to make a decisive recovery from that zone, and a full breakout remains likely. In particular, analysts note that as buying momentum has waned, the likelihood of a break below the $93,000 support level has increased.
a quick break below $93,000 could continue downward and give way to the next key support level around $72,000. but there is a minor support level at $78,900 that could prevent such a sharp decline. Interestingly, this bearish scenario is consistent with an earlier analysis that noted the lack of strong support in the $12,000 range between $87,000 and $BTC Bitcoin at a crossroads: breakout or new highs? MMBTtrader's technical analysis sheds light on the current bitcoin market structure. Recent developments show signs of a bearish bias, but bitcoin has not yet fully shifted into bearish mode. On the contrary, the current price action only indicates a period of indecision, where both bullish and bearish scenarios are possible A retest of the $93,000 support level could lead to a strong
analysts also point to a scenario where bitcoin gains momentum and pushes back from the $93,000 support level. A retest of the $93,000 support level could lead to a strong breakout, while a new wave of buying could trigger a rally above $100,000. If the 000 support level holds, bitcoin could gain momentum and return to all-time highs. In such a scenario, analysts see a rise to the historical high target zone around $ 113,220.
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Bybit exchange has fully restored its withdrawal system after several delays resulting from a historic hack targeting Ethereum cold wallets. The exchange is now processing all withdrawal requests without delays or monetary restrictions, its CEO Ben Zhou said in a statement.

12 hours after the worst hack in history. All withdrawal requests have been processed. Our [withdrawal] system is fully restored, you can withdraw any amount and there are no delays. We apologize for any inconvenience caused.
Bybits will release a full report on the incident and security measures in the next few days, Zhou said, so that the crypto community can get new updates.
this disturbing Thank you to all our customers, friends and partners who helped and supported us for 12 hours, Zhou added. The real work is just beginning.
February 21, #blockchain sniffer ZachXBT noticed a suspicious #cryptocurrency transfer originating from Bybit. Initial analysis confirmed the unauthorized withdrawal of approximately 400,000 #ETH , 90000 stETH, 15,000 cmETH and 8,000mETH, with total losses estimated at $1.4 billion.
The funds were transferred to addresses starting with '0x4766'. The actor then used a decentralized exchange (DEX) to convert stETH and cmETH into ETH.
The blockchain data also shows that prior to the large outflow of funds, the actor, who is now identified as Bybit Explorer, transferred 90 USDT and conducted preliminary test transactions. The data also shows that
Bybit confirmed shortly after the hack was discovered. X CEO Zhou said in a post that the ETH multisigma cold wallet was affected by the hack, but assured users that other cold wallets were safe.
According to him, Bybit made a transaction from an ETH cold wallet to a warm wallet about an hour before the incident. Unfortunately, this transaction was tampered with and the UI presented to the signer was altered.
the signer was presented with a UI that showed the correct destination address and used a legitimate URL associated with Safe.

The Bybit hackers now own $ 1.

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US President Donald Trump's plan to replace income taxes with tariffs would save the average American at least $134,809 over a lifetime, according to a study by accounting automation firm Dancing Numbers.

If other state-level income taxes based on wages were eliminated, the savings would amount to $325,561 per person. According to
if other state-level income taxes based on wages were eliminated, the savings would be $325,561 per person, the company adds, with residents of New Jersey, New York, Connecticut, Illinois and Massachusetts benefiting the most from the tax cut. Punit Jindal, founder of Dancing Numbers, also told Cointelegraph: by all indications, Trump's plan will be preceded by a tax refund of 20% of "DOGE dividends" retained by the Department of Government Efficiency. The measure would be a small tax cut that would provide immediate savings before eliminating federal taxes altogether. '
A tax cut usually stimulates asset prices to rise as investors put their savings into the market. Tax cuts can also offset increases in commodity prices due to reciprocal trade tariffs and trade wars.
President Trump has proposed eliminating the federal income tax in October 2024 and replacing income tax revenue with revenue from taxing imported goods.
#Joe During an appearance on The Logan Experience, President Trump cited the wealth created by tariffs in the 19th century, when the U. S. federal government was funded almost exclusively by tariffs and there was no permanent income tax.
Joe During an appearance on The Logan Experience, President Trump cited the wealth created by tariffs in the 19th century, when the U. S. federal government was funded almost exclusively by tariffs and there was no permanent income tax
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