cryptonewsupdate

Why Binance's CZ Is Steering Clear of Bitcoin While Big Investors Dive
The former CEO of Binance Changpeng Zhao was recently in the news. As Bitcoin (BTC) continues its rise, fueled by growing institutional interest and the approval of Bitcoin  ETFs (Exchange-traded funds), Heavy hitters like BlackRock, Fidelity, and even pension funds are allocating important capital to the world’s leading cryptocurrency.
Market sentiment appears hopeful, and retail investors are following the lead of institutional giants who now view BTC as a serious windbreak against inflation and a digital store of value.
But it is a surprising twist in the world of crypto that the Former CEO of BNB i.e  Changpeng Zhao who is popularly known as CZ is not investing in Bitcoins.  
What could be the reason and why he is doing so?
Changpeng Zhao , who built  BNB into the world’s largest cryptocurrency exchange, is not showing any of his investments in BTC. In a world where top crypto executives often lead by example with massive BTC holdings, Changpeng Zhao's action of not investing has raised eyebrows.
A X formerly Twitter post of Changpeng Zhao  showing his opinion to the public about the risks in the world of crypto. 

Source- X 
CZ is informing his followers on his X post where it is mentioned that “investing in crypto is risky and not investing in crypto is also risky”. There could be many possible reasons for the surprising absence of Changpeng Zhao from Bitcoin. 
Changpeng Zhao has revealed that almost all of his personal net worth is held in BNB, which is the native token of Binance. 
His commitment to BNB shows a strong belief in the platform he created, possibly even viewing it as a better long-term bet than Bitcoin itself. 
In an earlier post on his X handle, Binance founder CZ shared a subtle yet intriguing image—a close-up of a keyboard highlighting the “Alt” key, accompanied by the caption: “Which key is available on Windows and Linux, but not on Mac?”

Source- X. 
While the post may appear humorous or cryptic at first glance, it could carry a deeper message. The emphasis on the “Alt” key may be CZ’s clever way of hinting at his preference for altcoins over Bitcoin. As someone heavily invested in BNB, Binance’s native altcoin, the post might suggest his belief in the broader potential of alternative cryptocurrencies within the Binance ecosystem.
In a world where every detail matters, this simple image could be CZ’s way of nudging investors to look beyond Bitcoin—and consider the growing value and utility of altcoins.
From a broader perspective, the reason for not investing in BTC is that CZ may be reinforcing Binance’s identity as a broader ecosystem, not just a BTC getaway. 
His focus seems to be growing BNB and Binance Smart Chain (BSC), which offers utility beyond Bitcoin’s store-of-value use case.
It could be another reason. Like many founders, CZ might choose not to invest in assets traded on his platform to avoid any appearance of market manipulation or personal gain influencing decisions.
Another assumption could be the ongoing regulatory scrutiny Binance has faced worldwide, including lawsuits from U.S. agencies, CZ may be avoiding holding Bitcoin to limit personal exposure or simplify his legal positioning.

To Know more, Visit:- CoinGabbar

#cryptonews #cryptonewsupdate #BinanceNews

Shiba Inu ecosystem leader Shytoshi Kusama has emphasized the pivotal implication of a new partnership recently secured by Shiba Inu. 

Read more on: https://thecryptobasic.com/2024/02/29/shiba-inu-lead-kusama-says-this-new-partnershib-is-massive-for-shib/
#SHIBA_INU #SHIB_CON #crypto⭐️ #CryptoNews🔒📰🚫 #CryptoNewsUpdate

Why is XRP Going Up Today: Futures ETFs Approval by SEC the Reason?
The altcoin market is experiencing massive action today, particularly for XRP, which is currently trading at approximately $2.33, up 7.10% over the past 24 hours and 9% higher over the past week. Its market cap is now at $136.29 billion, with a $4.98 billion trading volume over one day.

Source: CoinMarketCap
Why is XRP Going Up Today?
There are several compelling reasons for the price increase in the altcoin today:
ProShares to Debut Futures ETFs on April 30: ProShares Trust has been cleared by the SEC to introduce futures ETFs, which will start trading on April 30, 2025. The three products include ProShares Ultra (2x leverage), Short (-1x inverse), and UltraShort (-2x inverse), tracking the Ripple Index. ProShares’ spot ETF application remains pending. The approval follows ProShares’ January 17 filing after Trump’s election. Teucrium already launched an futures ETF earlier this month, while Hashdex introduced the first-ever spot Ripple ETF in Brazil.
First XRP ETF Launches in Brazil: the altcoin received its first-ever ETF, XRPH11, listed on Brazil's B3 exchange on April 25, 2025. It follows the Nasdaq XRP Index and is managed by Hashdex and Genial Investimentos. The move paves the way for additional institutional users to invest safely in the coin.
CME Group to Introduce Futures: Another big shot in the arm was from CME Group, which stated it would introduce futures from May 19. Futures contracts enable large investors to place a bet on the price without actually holding the token.
These big developments served to draw tremendous attention from both retail and institutional customers. Experts even estimate that these events could bring in up to $8 billion in fresh investments.
XRP Price Prediction
Looking at TradingView price chart, the token had a big rally from $0.50 in November 2024 to a peak of nearly $3.50 in January 2025 — a huge 600% gain. After that, the coin went through a correction, falling below $2.00 in April but now showing signs of a slow recovery.

Source: TradingView
Bullish View: If XRP price holds above $2.40 and breaks the next big resistance at $2.80, it might move back to the $3.50 area. If the momentum remains powerful, analysts feel that the altcoin might even reach $5.00 by the end of 2025.
Bearish Outlook: If the coin is unable to stay above $2.40 and dips below $2.00 again, the coin may slide down to $1.50 or even $1.20.
Will XRP Reach $10 in 2025?
Right now, a move to $10 looks tough. To get there, the coin would need a 326% gain from today’s price. According to Polymarket data, the chance of the altcoin hitting a new all-time high before 2026 has dropped to 38%. Last December, the chance was 60%, but delays in SEC-related updates and no spot ETF approval have made users cautious.

Source: Polymarket
However, the crypto market is always full of surprises. A final positive decision in the SEC-Ripple case could act like fuel and help the crypto aim for new highs again. Additionally, the investors are advised to do detailed research before making any investment.

#whyXRPisgoingup #CryptoNewsUpdate #whyXRPPriceisUP #XRPNews

To Know more, Visit:- CoinGabbar

Earlier this week, the Shiba Inu (SHIB) ecosystem raised a petition to launch an ETF product for the token, a petition that has now received over 2,000 votes.

Read more on: https://thecryptobasic.com/2024/02/28/shiba-inu-etf-petition-gains-momentum-garnering-2k-signatures/
#SHIBA_INU #SHIB_CON #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate

Shytoshi Kusama, the Shiba Inu ecosystem team lead, has dropped a hint suggesting he could attend the ongoing Ethereum developer conference unfolding in Denver, Colorado.

Read more on: https://thecryptobasic.com/2024/02/28/shiba-inu-lead-gives-hint-to-attend-eth-denver/
#SHIBA_INU #SHIBA✅🚀 #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate

Why Is Crypto Down Today: Bitcoin Dump or Healthy Pullback?
The cryptocurrency market took a sharp downturn following former President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve for the U.S. government. This move, coupled with ongoing macroeconomic concerns, sparked a sell-off in major cryptocurrencies. Investors are now keenly watching the Crypto Summit 2025 for potential recovery signals.
Why is Crypto Down Today: Who’s Behind the Crypto Crash?
The global crypto market cap plummeted to $2.87 trillion, marking a 4.41% decline in the past 24 hours. Despite an 11.43% surge in trading volume, fear continues to grip the market. Bitcoin’s dominance fell to 60.37%, reflecting heightened volatility.
Several key reasons contributed to today’s crypto crash:
Trump Signs Crypto Executive Order: The primary reason behind the crypto crash today is Trump’s announcement of a Strategic Bitcoin Reserve through an executive order. The order mandates that Bitcoin seized by the U.S. government from past law enforcement actions be held as a long-term store of value rather than being liquidated. Trump signs crypto reserves to strengthen the U.S.’s stance on digital assets, but the immediate effect has been a market-wide sell-off.Stock Market Turmoil: In a correlated market reaction, the stock market also crashed following Trump’s Bitcoin reserve announcement. The market’s decline, coupled with extreme volatility in the S&P 500, has added to the uncertainty. 

Source: X
The S&P 500 has seen daily market cap swings exceeding $500 billion, with MicroStrategy’s stock ($MSTR) dropping 7% after Trump’s announcement.
Crypto Summit White House Time: The upcoming March 7, 2025 Crypto Summit scheduled for 6:30 pm to 10:30 pm UTC is anticipated to address regulatory policies, but uncertainty surrounding it has left the market in fear.
Crypto Market Performance: Bitcoin, Ethereum, Cardano Prices Drop
The sell-off impacted major cryptocurrencies severely:
Bitcoin (BTC): Dropped 5% to $87,179.95, with a market cap of $1.72T and a 24-hour volume of $59.36B.Ethereum (ETH): Fell 6% to $2,149.28, with a market cap of $259.25B and a trading volume of $21.6B.Cardano (ADA): Plunged 10.44%, now priced at $0.8588 with a market cap of $30.25B and $3.07B in trading volume.
Investors fear further declines, with questions like ‘Why did crypto crash today?’ and ‘Why is crypto crashing?’ dominating discussions.
Fear and Greed Index: Shift from Extreme Fear to Fear
The Fear and Greed Index currently sits at 34 (Fear), showing a recovery from Extreme Fear (25) yesterday and 16 last week. 

This shift suggests that despite today’s sell-off, market sentiment is gradually improving. Historically, fear-driven markets often present buying opportunities before potential rebounds.
Will Crypto Recover or Crash Further?
The market’s direction depends on upcoming events and investor sentiment:
No Government BTC Purchase: The statement that “The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings” led to panic selling.Pro-Bitcoin Lawmakers’ Views: Some lawmakers emphasized that Bitcoin is not a competitor to the U.S. dollar but rather a hedge against inflation, helping ease concerns.Crypto Summit 2025 Optimism: With Crypto Czar David Sacks leading discussions, investors hope for regulatory clarity and market stability.
Conclusion
Today’s crypto crash was largely triggered by Trump’s announcement of a Bitcoin reserve without new purchases. With the White House Crypto Summit around the corner, investors are awaiting further developments. While the market may experience further dips, the shift in Fear & Greed Index suggests a potential turnaround in the near future.
#CryptoNews #cryptonewsupdate

To Know more, Visit:- CoinGabbar

Shiba Inu lead developer, Shytoshi Kusama, believes the time has come for the project to showcase its true power.

Read more on: https://thecryptobasic.com/2024/03/04/shiba-inu-lead-says-with-new-friends-its-time-to-level-up-to-show-shib-true-power/
#SHIBA✅🚀 #SHIBA_INU #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate

The official Shiba Inu X account has captured the broader community’s interest with a moon depiction, showcasing the asset’s potential as it slips into the top 10 amid a surge above $0.000027.

Read more on: https://thecryptobasic.com/2024/03/04/shiba-inu-officially-posts-moon-depiction-as-shib-enters-top-10-amid-surge-to-0-000027/
#SHIBA✅🚀 #SHIBA_INU #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate