Crypto News Updates

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MEXC, a leading global cryptocurrency trading platform, has officially listed EUR on Convert with zero fees, providing users with a seamless and cost-effective way to trade. This listing coincides with Point Frenzy Season, running from February 28 to March 14, offering exciting airdrop rewards and exclusive events. MEXC’s introduction of EUR to Convert reinforces its commitment to lowering trading costs and enhancing market accessibility. With zero-fee EUR deposits and competitive trading conditions, users can now enjoy greater flexibility and efficiency when navigating the crypto market. To celebrate the listing of EUR on Convert, MEXC is introducing two exciting events from February 28, 2025, to March 14, 2025, offering users a chance to win exclusive rewards and event tickets. Event 1: Convert & Win Airdrops Users can convert between EUR and USDT for a chance to win up to 100 USDT in airdrops. Event 2: Points Competition Users can accumulate points through Futures tra...

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The CME announced on Feb. 28 that the derivatives marketplace plans to launch Solana (SOL) futures on March 17. Listing is subject to regulatory approval, the company added in a press release. CME Group has announced that it will roll out Solana (SOL) futures on March 17. The derivatives marketplace revealed the plans in a press release on Feb. 28, noting that the launch of the SOL futures product is subject to regulatory review. If approved, CME will offer both a micro-sized contract of 25 SOL, and a larger-sized contract of 500 SOL. “With the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk,” said Giovanni Vicioso, global head of cryptocurrency products at CME Group. SOL futures a key milestone According to the CME Group, the SOL futures product will be cash-settled and track the CME CF Solana-Dollar Reference Rate. This will reference the US dollar price of Sol...

AI meme crypto market has grown to a market cap of $2.4 billion, and iDEGEN is set to take its rightful position on the table. After three months in the presale stage, it has hit the public shelves with the same viral momentum.  Its early adopters are set to continue reaping big from the project as the uncensored AI agent revolutionizes the crypto space. In addition to the 300,000% gains already locked in, its value may surge by at least 10X in coming months. This is despite the selling pressure current felt across the crypto majors. Ripple price chart pattern hints at further selling pressure in the short term After trading steadily above the support zone of $2.5000 in the past one week, Ripple price has plunged by about 16% since Monday. Similar to other crypto majors, the altcoin is under pressure as extreme fear grips the broader market.  A look at its daily chart points to the formation of a bearish death cross pattern as the short-term 25-day EMA crosses the 50-day...

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Dubai, United Arab Emirates, February 26th, 2025, Chainwire The MuskIt team was proud to host Errol Musk in Dubai for an exclusive four-day visit this week. As an honored guest of MuskIt project , Errol Musk explored key locations for the proposed Musk Tower – a planned hub for global technology, blockchain innovation, and entrepreneurship. His visit marks a pivotal moment for MuskIt and the entire crypto community, solidifying the project’s commitment to real-world impact and lasting legacy as the first memecoin turning into a culture coin and real-world asset ownership. He spoke more about his vision in the exclusive interview with Arabian Gulf Business Insight here . Youtube link: https://www.youtube.com/watch?v=jhgSKUtmbTc $MUSKIT tokens will be allocated towards the ongoing development of the Musk Institute and Musk Tower as confirmed by Errol Musk during an interview with Sky News Arabia . The Musk Institute will serve as a global hub for education, research, and collaborati...

Stacks’ sBTC gains traction with UTXO, SNZ, Jump Crypto as early adopters. With this adoption, the demand for sBTC has tripled capacity in under 24 hours. The sBTC unlocks Bitcoin DeFi, with withdrawals set to start in March 2025. A new wave of institutional adoption is sweeping through the Bitcoin ecosystem as Stacks, a prominent Bitcoin Layer 2 solution, celebrates the rapid uptake of its decentralized, Bitcoin-backed asset, sBTC. Leading the charge among early sBTC adopters are industry heavyweights UTXO Management, SNZ, and Jump Crypto, signalling strong confidence in sBTC’s potential to unlock decentralized finance (DeFi) utility for Bitcoin holders worldwide. UTXO Management, a key player with its venture arm backing top Bitcoin companies and its liquid fund 210k Capital deploying resources across public and private markets, has embraced sBTC as part of its Bitcoin strategy. Jump Crypto, a division of the renowned Jump Trading Group, brings its expertise as a quantitativ...

Bitcoin price fell to lows of $82,131, dipping to levels seen in November 2024. The BTC sell-off happens after Trump’s latest tariffs announcement, including a 25% tarriffs on the EU. Equities also dumped, with the S&P 500 seeing $500 billion wiped off. The price of Bitcoin dropped more than 6% in 24 hours to break below $84,000 on Wednesday. Notably, Bitcoin price has touched its lowest levels since November 2024, when it rose amid election momentum. According to crypto and stocks trader IncomeSharks, the market is bearish . BTC sold-off as the crypto market reacted to trade war sentiment, with this coming on the heels of the latest tariffs announcement by President Donald Trump. Having announced that the 25% tariffs on Canada and Mexico and 10% on China will go into effect in April, Trump said he would slap 25% tariffs on the European Union. The news saw the S&P 500 fall, with over $500 billion in market cap wiped off. Bitcoin dips amid ETFs outflows As equities re...

Gotbit founder and CEO Aleksei Andriunin was extradited to the US on Feb. 25, the US Attorney’s Office, District of Massachusetts said. The 26-year old Russian national was arrested in October 2024 over allegations of market manipulation and fraud. Aleksei Andriunin, the founder and CEO Gotbit, has been extradited to the US where he faces charges of wire fraud and market manipulation. U.S. Attorney’s Office, District of Massachusetts said in a press release on Feb. 26 that Andriunin, a 26-year old Russian national, manipulated crypto markets “on behalf of client cryptocurrency companies.” He was arrested in October 2024 in Portugal, with a federal jury indicting him over wire fraud and conspiracy to commit market manipulation and wire fraud. Gotbit founder touted a “code” for wash trading Specifically, the US Department of Justice alleges that Andriunin undertook wash trading, with these trades aimed at manipulating volume on behalf of crypto companies . According to prosecuto...

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Mavryk Dynamics is developing an RWA-focused L1 blockchain dubbed Mavryk Network. The Mavryk Network testnet is already live with a Token Generation Event (TGE) coming soon. Top VCs backing Mavryk include Ghaf Capital, Big Brain, and MetaVest Capital. Mavryk Dynamics, the team behind the Mavryk Network, has successfully raised over $5.2 million to develop the Layer-1 blockchain ecosystem focused on real-world assets (RWA). The funds raised from the funding round will assist the company in reshaping how individuals engage with tokenized assets and decentralized finance (DeFi) , creating a seamless bridge between traditional financial systems and cutting-edge blockchain technology. With the Mavryk Network testnet already live and a Token Generation Event (TGE) on the horizon, the blockchain is poised to lead the charge in the emerging RWA economy. Mavryk aims to make asset ownership accessible Mavryk Network is designed to democratize access to real-world assets by leveraging bl...

Metaplanet now holds 2,235 bitcoin. The publicly-traded company is the ‘Strategy’ of Asia and aims to hit 10,000 BTC by end of 2025. Metaplanet, the Japanese investment firm that has become one of the most aggressive buyers of Bitcoin, has added to its holdings with a fresh 135 BTC purchase. The company announced the purchase of the $12.9 million BTC on Tuesday, Feb. 25. Metaplanet acquired the Bitcoin at the average buy price of 14.3 million yen, or about $95,951 per BTC. Metaplanet buys more BTC As the company revealed in a release, this purchase brings Metaplanet’s total holdings to 2,235 BTC. It sees the company’s BTC haul rise significantly, having stood 1,761 BTC on December 31, 2024. Notably, Metaplanet held just 141 bitcoins on June 30, 2024.at the end of June 2024. This Bitcoin buying followed the investment firm’s decision to adopt BTC as a treasury strategy in April, with the move drawing inspiration from Michael Saylor’s Strategy ( formerly MicroStrategy ). On M...

OKX pleads guilty to DOJ charges of operating unlicensed money transmitting business. Exchange to pay a fine of $84 million and forfeit $421 million earned in fees from US customers. The exchange agrees to the penalties after a Department of Justice investigation. Crypto exchange OKX will forfeit $421 million earned as fees from customers in the United States, the exchange announced on Feb. 24. According to OKX, its affiliate Aux Cayes FinTech Co. Ltd., had reached a settlement with the US Department of Justice following an investigation into the company’s operations. OKX pleaded guilty to charges of operating as unlicensed money transmitting business. Specifically, the OKX platform acknowledged that legacy compliance gaps might have seen a number of U.S. customers trade on the exchange’s global platform. We cooperated with the US Dept of Justice in their thorough investigation of our business. We had a small percentage of customers who were able to use our international serv...

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Infini’s exploit follows the Bybit hack that resulted in the loss of $1.5 billion last week Infini’s attacker had previously worked on the project’s development contract and secretly retained the admin rights Christian Li said full compensation can be paid and that the funds were being traced Infini, a stablecoin neobank, reportedly suffered an exploit that resulted in a loss of $49.5 million. According to blockchain security company Beosin Alert, the stolen USDC was converted into 17,696 Ethereum before transferring the funds to an external wallet. The @0xinfini contract was attacked, resulting in an estimated loss of $49.5 million. The stolen USDC has now been fully converted into 17,696 ETH and is currently transferred to 0xfcC8Ad911976d752890f2140D9F4edd2c64a6e49. We will continue to monitor this incident. — Beosin Alert (@BeosinAlert) February 24, 2025 Posting on X , security firm Cyvers Alerts reported that the attacker had worked on developing the contract as par...

The SEC has received six XRP ETF applications over the last several weeks as interest in traditional crypto investment vehicles continues rising. Coinshares sent a proposal for XRP and Litecoin ETFs while Grayscale sent one for XRP amid several proposals for Solana ETFs. The SEC has received no less than six applications for XRP exchange-traded funds from major issuers like Canary Capital, Grayscale, Bitwise, WisdomTree, 21Shares, and Coinshares. The latest application, Grayscale, began the 21-day comment period on Friday where members of the public can submit feedback on the proposed ETF. While this happens, five Solana ETF applications from 21Shares, Bitwise, Grayscale, VanEck, and Canary await a decision. The rise of interest in ETFs The recent swarm of ETF applications is emblematic of a shift in the regulatory landscape to a more friendly environment. This shift began at the twilight of Gary Gensler’s tenure with the approval of the Bitcoin and Ethereum ETFs. Now that Mar...

The ByBit hack caused some market volatility, although the market is slowly stabilizing amid the exchange’s recovery efforts. Bybit has already managed to fully close the ETH gap caused by the hack. Amid the chaos, Bitcoin Pepe presale is offering investors a safer investment opportunity. The Bybit hack on February 21, 2025, sent shockwaves through the cryptocurrency world, with hackers siphoning off close to $1.5 billion in Ethereum (ETH) from the exchange’s cold wallet, marking it as potentially the largest crypto theft in history. However, amid this chaos, the Bitcoin Pepe (BPEP) presale , the first meme ICO on Bitcoin, has emerged as a surprising beacon of stability, raising over $3.1 million and offering a fresh alternative for wary investors. The Bybit Hack Triggered Market Turmoil The Bybit hack attributed by some analysts to North Korea’s Lazarus Group , drained approximately 401,000 Ethereum, prompting a massive $5.5 billion withdrawal spree from Bybit as users panick...

Key takeaways Ether dipped to the $2,600 region following Bybit’s hack on Friday but now trades above $2,700 per coin.  iDEGEN has raised nearly $25 million as presale ends in two days. ETH could rally higher after dipping on Bybit hack Ether, the second-largest cryptocurrency by market cap, has been volatile over the past few days. It was trading around $2,850 on Friday before crashing to $2,620 later that day after the crypto exchange Bybit was hacked .  The hack saw nearly $1.5 billion worth of ETH and stETH wiped from Bybit’s cold storage wallet. However, ETH’s price has slightly recovered since then and could rally higher in the near term. At press time, the price of Ether stands at $2,727, down nearly 2% in the last 24 hours.  What is iDEGEN? Bybit’s hack is the biggest in the cryptocurrency market’s history so far, but how the company handled the situation inspired confidence in investors. As investors acknowledge the maturity level of the crypto market...

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Solana will likely remain under pressure in the near term despite the steady fundamentals. iDEGEN is ending its presale with the same hype that has carried it through the presale as investors fear missing out.  Even with the likely approval of a Litecoin ETF, the bulls lack enough momentum to fuel a breakout Crypto bulls remain in control amid optimism of a 2025 bull run. However, with a neutral market sentiment, most crypto majors have been range-bound in the just concluded week. Even so, meme coins continue to attract savvy investors looking for cheaper alternatives with robust growth potential.  Since the launch of its presale on 26th November 2024, iDEGEN has taken its enthusiasts on a wild ride; raking in hefty returns for its early adopters along the way. With just a few days left before its listing on decentralized exchanges (DEXs), market participants forecast an explosive entry. As such, more investors are rushing to amass $IDGN tokens before time runs out. S...

Key takeaways Bybit suffered the biggest theft of all time in the crypto space after losing $1.5 billion to hackers on Friday.  The Bitcoin Pepe presale is now approaching $3 million as more investors pile in. Bybit suffers the biggest theft of all time in the crypto space Bybit, one of the leading cryptocurrency exchanges in the world, suffered the biggest theft of all time in the crypto space. The company lost $1.5 billion to hackers on Friday. According to ZackXBT, North Korea’s Lazarus Group was behind the hack, and they withdrew nearly $1.5 billion worth of funds from the exchange into a main wallet and then distributed the assets to several different wallets. Blockchain data provider Nansen revealed that the attackers converted all stETH, cmETH, and mETH to ETH before systematically transferring ETH in $27 million increments to over 10 additional wallets. The exploit was caused by something called “Blind Signing.” it is a situation where a smart contract transaction i...

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Franklin Templeton has launched EZPZ ETF tracking Bitcoin and Ether. The EZPZ ETF is the second US crypto index ETF. The other crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ). Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH). Announced on February 20, 2025, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14. The Franklin Bitcoin and Ether Index ETF The EZPZ fund is designed to track the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks. As of its launch date, the index allocates approximately 87% of its weighting to Bitcoin — currently priced at $98,706 — while Ether, valued at $2,755, a...

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The SEC has renamed its Division of Enforcement’s Crypto Assets and Cyber Unit (CACU) to the Cyber and Emerging Technologies Unit (CETU). CETU’s focus will be, among other things, to combat crypto fraud and cybercrime. The US Securities and Exchange Commission has unveiled a new Division of Enforcement unit that will focus on combating crypto-related fraud and cybercrime. SEC announced the new unit’s formation on Feb. 20. In a press release , the SEC said it had created the Cyber and Emerging Technologies Unit (CETU). Its task will be to fight cyber-related crimes within the burgeoning emerging technologies space. SEC’s new unit to complement crypto task force CETU replaces the SEC’s Crypto Assets and Cyber Unit (CACU). Its core work will be to handle compliance with a view to protecting retail investors. Laura D’Allaird will lead the CETU team of about 30 fraud specialists and attorneys, the regulator announced. The press release also noted these specialists and attorneys wil...

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Bitcoin Pepe presale hits $2.77M as momentum builds. Enthusiasts believe the LIBRA scandal calls for clearer memecoin regulation. Kraken survey shows 76% of investors see memecoin rewards outweighing risks. Bitcoin Pepe, heralded as the world’s only Bitcoin Meme ICO, has made headlines by raising $2.77 million out of its $2.85 million presale target in its fourth presale stage. The Bitcoin Pepe presale is structured in such a way that the BPEP token price increases as the presale stages progress. For instance, with the fourth stage almost completed, the price is expected to rise from the current price of $0.0243 per token to $0.0255 in the fifth presale stage. Notably, the Bitcoin Pepe project aims to bring Solana-like technology to the Bitcoin blockchain, introducing concepts like a Meme Layer-2 for BTC with instant transactions and ultra-low fees. The initiative also includes the launch of a new token standard, PEP-20, allowing for meme coin creation directly on Bitcoin, whic...

net’s Co-Staking Marketplace is now live enabling the sharing of staking rewards. With the Co-Staking, no hardware is needed for $IO holders to earn staking rewards. The Co-Staking Marketplace connects hardware suppliers with token holders. io.net, a leading platform in the DePIN (Decentralized Physical Infrastructure Networks) space, has launched Co-Staking Marketplace , an innovative feature that allows users to share block rewards. The Co-Staking feature enables both device suppliers and $IO token holders to participate in the network’s validation process and share in the lucrative block rewards, without the necessity of owning physical hardware. Democratizing staking The Co-Staking Marketplace is a groundbreaking addition to io.net’s ecosystem, designed to respond to community demands for more inclusive participation methods. The marketplace serves as a bridge between those who supply computing power and individuals who hold $IO tokens. Suppliers on io.net can now invite c...

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Despite the optimism and steady fundamentals that continue to buoy cryptocurrencies, majors like Bitcoin and Cardano remain range-bound. Even so, revolutionary projects founded on the ultra-popular meme culture are thriving. Among the fresh entities worth watching is Bitcoin Pepe . The meme project’s growth potential and subsequent FOMO is unmatched. In just the first 90 seconds of its presale, it has already sold out its stage 1. The one-of-a-kind project has maintained that momentum and is currently at stage 4. With 26 more stages to go before its launch in Q2’25, this is the ideal opportunity for savvy investors to amass some BPEP tokens.  Bitcoin’s anticipated breakout is on the horizon Bitcoin price is still in a tight range even as the bulls remain in control. After hitting a fresh record high in late January 2025, the crypto major is back to the consolidation phase that has been in place since November 2024.  As seen on Binance, the crypto fear & greed index ...