Crypto News Updates

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The shares will accumulate cumulative dividends at a fixed rate of 10% each year Strategy said that dividend payments will begin paying out on June 30, 2025 To date, Strategy holds under 500k Bitcoin, valued at over $40 billion Strategy is planning to offer five million shares of the company’s Series A perpetual strife preferred stock, $STRF, as it works on acquiring more Bitcoin. In an announcement , Michael Saylor’s Strategy said it intends to use the proceeds for “general corporate purposes,” including the “acquisition of Bitcoin.” However, it noted that this was “subject to market, and other conditions.” According to the company, the shares will accumulate cumulative dividends at a fixed rate of 10% per year. Dividends will be paid out beginning on June 30, 2025 “out of funds legally available for their payment,” Strategy said. Raising funds for Bitcoin The news comes as Strategy announced earlier this month that it’s planning to issue and sell shares of up to $21 billion...

Key takeaways Ordinals trading on Magic Eden spiked by 1,200%, with the trading volume hitting $50m. The Bitcoin Pepe presale has now reached $5.5 million as stage seven ends shortly. Magic Eden records spike in Ordinals trading volume Magic Eden, one of the leading NFT marketplaces, experienced a short-lived, week-long period of sustained volume in Ordinals trades. The platform saw a 1,200% surge in Ordinals trading volume during that period, with over $50 million traded. Ordinals are NFTs on the Bitcoin blockchain. The surge in Ordinals trading volume could indicate a possible increase in interest in the Bitcoin NFTs.  What is Bitcoin Pepe? The surge in interest in Ordinals could spark positive development for other Bitcoin-based projects. Bitcoin Pepe is a project launching on the Bitcoin blockchain and is set to introduce memecoin trading within the ecosystem.  The project intends to revolutionise the Bitcoin ecosystem by leveraging the liquidity and security o...

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Ethena Labs and Securitize are joining forces to launch Converge, a new blockchain for decentralized finance and tokenized assets. Converge will be Ethereum Virtual Machine-compatible and serve both retail and institutional DeFi. ENA price rose 5% to change hands above $0.38 following the announcement Ethena Labs and Securitize are teaming up on a venture that will see the crypto projects unveil Converge, a new blockchain built for tokenized assets and decentralized finance. Announced on Mar. 17, Converge will be a custom-built, Ethereum-compatible blockchain. The developers envision a platform that will cater to both everyday investors and deep-pocketed institutional players. Per a blog post introducing the new blockchain, the anticipated launch date is Q2 2025. Ethena, Securitize unveil Converge According to Ethena Labs, Converge is a blockchain platform designed to bridge the gap between traditional finance and DeFi. The technology behind the EVM-compatible chain will all...

The Wemix Foundation suffered a $6.2 million hack on February 28, but only alerted its investors on March 4 The hacker managed to steal 8.65 million WEMIX coins Wemix Foundation’s CEO doesn’t believe the hack is the result of Lazarus Kim Seok-hwan, Wemix Foundation’s CEO, said there was “no attempt” to conceal a $6.2 million hack on it following an announcement four days later. In a press conference on Monday, Kim denied any intention to conceal the exploit. On February 28, over 8.65 million WEMIX coins were withdrawn due to a malicious attack on the platform’s Play Bridge Vault. However, the South Korean platform only alerted its investors when an announcement was posted on its homepage on March 4. At the press conference, Kim said: “The announcement was delayed due to concerns about the possibility of additional attacks and the possibility of market panic due to stolen assets.” According to Kim, most of the assets had already been sold and the market impact had already happ...

Binance introduces zero-fee trading for all pairs in its Binance Wallet. The promotion will run for six months, a move that has traders excited. Binance, the world’s leading cryptocurrency exchange, has launched zero-fee trading for users on its Binance Wallet. The crypto exchange behemoth revealed this massive news via an announcement published on March 17. Per the exchange, the zero-fee trading offer will apply to all trading pairs within the Binance Wallet. Users will begin to enjoy the new support for six months, from Monday, March 17 2025 to September 17, 2025. Binance eyes user growth While Binance is already a major player in the ecosystem, the introduction of the zero-fee trading feature marks a significant shift in strategy and one that will push it further ahead in terms of user experience and adoption. The announcement, shared via Binance’s official channels, has sparked widespread excitement across the crypto ecosystem. Unlike previous promotions that targeted sp...

The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day. Per data from Coinglass , total liquidations were up 157% in the past 24 hours. Over this period, more than 95,478 traders had been liquidated. At the time of writing, the total liquidations stood at $232 million. Data showed the largest single liquidation order coming in on Binance for an ETH/USDT position valued at $5.59 million. ETH, XRP and SOL liquidations The crypto market ’s total capitalization stands at $2.8 trillion, with Bitcoin’s dominance at 58.9%. However, the latest wave of liquidations has hit traders hard, particularly those convinced the price was on the upward mend. With leveraged positions largely longs, most of the rekt positions were bullish bets. Coinglass data shows over $73 million and nearly $44 million are for Bitcoin and Ethereum. XRP and Solana also witnessed huge liquidation. Crypto price outlook As noted, Bitcoin (BTC) ...

Bounce Token soared more than 36% on Sunday, gaining to an intraday high of $36.17. Analysts predict a breakout for AUCTION price. Bounce Token (AUCTION) has surged by an impressive 36% over the past 24 hours, emerging as among top gainers in the 500 largest coins by market cap. Only Ancient8 (AB) with a staggering 109% in 24 hours and BinaryX (BNX) with 40% as surged by more. Notably, this price spike comes as most altcoins look to hold onto gains as Bitcoin hovers near $84k. Bounce Token price recap: A 36% surge in 24 hours According to CoinMarketCap data on March 16, 2025, Bounce Token (AUCTION) climbed 36% to reach an intraday high of $36.17. While the altcoin, native to the decentralised auction platform, remains about 49% from it’s all-time high of $70.56, it has seen significant gains in recent weeks. Per CoinMarketCap, AUCTION price has jumped by about 107% over the past seven days and 204% in the past month. These gains have pushed Bounce Token’s market capitalization...

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Toncoin price surged more than 18% after Telegram founder Pavel Durov got approval to leave France. As the Telegram and Toncoin community celebrated, TON price rose to highs of $3.48. Toncoin (TON) price rose sharply after Telegram founder Pavel Durov, who has been under judicial scrutiny in France, reportedly received permission to leave the country. At the time of writing, TON, the native token of The Open Network, was up 18% at $3.48. The token traded as one of the top gainers in the past 24 hours, with daily volume rising 216% to over $514 million. Durov’s latest legal-related news largely contributed to this scenario. Telegram founder Durov allowed to travel to Dubai Durov, indicted in Paris for complicity in criminal activities linked to his encrypted messaging platform, left Le Bourget Airport near Paris on Saturday. According to sources cited by a local news outlet , authorities had returned Durov’s passport. The TON Foundation also confirmed the development, with perm...

ZKsync has cancelled the second season of its incentive program, Ignite. Bearish market conditions among other reasons led to the move. ZKSync will distribute all remaining rewards as of March 17, 2025. ZKsync announced on Friday that it had cancelled the second season of its liquidity program, Ignite. The zero-knowledge-powered layer 2 protocol revealed that the move comes amid the current bearish market conditions , which have notably annihilated sentiment and seen prices plummet. Per ZKsync, the decentralised finance incentive program will halt on March 17, 2025. “After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6,” the ZKSync team noted via a thread on X . The DeFi Steering Committee (DSC) cited multiple reasons for sunsetting Ignite. It includes the cryptocurrency market’s bearish conditions. This has prompted ZKsync to ...

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Ripple has secured a major license in the Middle East after getting regulatory nod from the Dubai Financial Services Authority (DFSA). The license allows Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC). Ripple announced on March 13, 2025 that it had secured a major license in the Middle East. The Dubai Financial Services Authority (DFSA) has greenlit Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC). Ripple becomes the first blockchain-enabled payments provider to snag this crucial DFSA license. Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making us the first blockchain payments provider licensed in the DIFC. https://t.co/6oHWtnjODr This milestone unlocks fully regulated cross-border crypto payments in the UAE, bringing… — Ripple (@Ripple) March 13, 2025 Ripple secures license in Middle East milestone This D...

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The crypto market continues to struggle after a massive sell-off in the past several days. However, as investors eye opportunities, multiple coins including Bitcoin Pepe (BPEP) could mirror an anticipated bounce for Bitcoin (BTC). With BTC resilient at support levels and showing signs of a bullish flip, could this portend similar price predictions for BPEP? Analysts on market outlook According to QCP Capital, the sell-off in stocks and crypto has come as post-election optimism fades and as bearish sentiment peaks amid tariffs concerns and recession fears. But while the market’s reaction, with the S&P 500 and Nasdaq plunging 2.7% and 3.8% and Bitcoin dipping below $80k, the analysts forecast a potential bounce. “Not all signals are bearish,” QCP wrote in a note on Tuesday. The 10-year Treasury yields falling approximately 60 bps and the US dollar weakening are factors that have historically supported US equities and crypto. “Markets are at an inflection point,” the digital a...

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