Bitcoin Set for Largest Weekly Decline Since 2022 Bitcoin is experiencing its most significant weekly fall since the FTX collapse in 2022. The cryptocurrency has nearly erased gains made after Donald Trump's election win, with prices down sharply in recent weeks and not expected to rebound soon.
Current Cryptocurrency Prices As of today, here are the current prices of major cryptocurrencies:
U.S. Judge Dismisses SEC Fraud Lawsuit Against Hex Crypto Founder A federal judge has dismissed a lawsuit by U.S. securities regulators accusing Richard Heart, founder of Hex cryptocurrency, of conducting unregistered crypto offerings and defrauding investors of $12.1 million to purchase luxury items. The judge cited a lack of ties between Heart's alleged conduct and the United States as the reason for dismissing the case. #follow #keepsupporting
North Korean Hackers Execute Largest Crypto Heist in History North Korean hackers, known as the Lazarus Group, have stolen over $1.5 billion in Ethereum from the crypto exchange Bybit. This heist surpasses North Korea's 2023 defense spending, with stolen funds potentially supporting its nuclear and missile programs. The FBI has advised cryptocurrency companies to avoid dealing with the thieves to hinder their efforts to convert the stolen assets into other forms of currency. $SOL $XRP $BNB #EthereumRollbackDebate #crypto #follow #Follow4more
Pi Network has announced an extension of the deadline for completing Know Your Customer (KYC) verification and migrating balances to the Mainnet. The new deadline is now set for March 14, 2025, at 8:00 AM UTC, aligning with Pi Network's sixth anniversary.
This extension provides Pioneers additional time to finalize their KYC process and ensure the security of their Pi holdings. The Pi Network team emphasizes that this will be the final extension, urging users to complete their verifications promptly to avoid forfeiting their balances.
To address challenges faced by users during the KYC process, Pi Network has introduced two significant updates:
1. Name Mismatch Appeal: Users experiencing discrepancies between their Pi account name and official identification can now appeal to correct these mismatches, facilitating smoother KYC verification.
2. Minor Phone Number Corrections: Pioneers can make slight corrections to their registered phone numbers, ensuring accurate contact information and aiding in the verification process.
These updates aim to enhance the overall efficiency and accessibility of the KYC process, ensuring that genuine users can successfully verify their accounts.
It's crucial for all Pioneers to complete their KYC verification by the March 14 deadline to fully participate in the Mainnet and secure their Pi tokens.
Recently, Musk proposed distributing "DOGE dividends" to American taxpayers, utilizing cost savings achieved by the Department of Government Efficiency (DOGE). This initiative aims to allocate 20% of the savings to citizens and another 20% to reducing the national debt. However, the proposal faces skepticism from Congress regarding the feasibility of achieving the projected savings.
Role in the Department of Government Efficiency (DOGE)
Musk has been appointed as a senior advisor in the newly established Department of Government Efficiency (DOGE), focusing on reducing government fraud and waste. During a recent Cabinet meeting, he emphasized the importance of swift action, even at the risk of mistakes, to enhance efficiency.
Influence on Cryptocurrency Markets
Musk's activities continue to influence cryptocurrency markets. For instance, his temporary change of his X handle to "Kekius Maximus" led to a 900% surge in the associated token's price, followed by a rapid decline, highlighting the volatility induced by his actions.
DOGE-1 Lunar Mission
The DOGE-1 mission, a CubeSat project funded entirely by Dogecoin, is set to launch aboard a SpaceX Falcon 9 rocket. This mission aims to collect lunar-spatial intelligence using onboard sensors and a camera, marking a significant milestone in the utilization of cryptocurrency for space exploration.
These developments underscore Musk's ongoing influence and active participation in the cryptocurrency sector.
As of March 1, 2025, Pepe Coin (PEPE) has experienced notable developments:
Price Performance and Technical Analysis
PEPE has shown a modest 6.7% gain over the past 24 hours, rebounding from a recent low of $0.0000078 to $0.0000082. Despite this uptick, the token remains within a falling wedge pattern, typically a bullish indicator, though current buying pressure is insufficient for a confirmed breakout.
Technical indicators such as the Bull Bear Power (BBP) and the Awesome Oscillator (AO) are in negative territory, suggesting ongoing bearish sentiment. Failure to surpass the $0.0000090 resistance could lead to a decline toward $0.0000065.
Market Position and Investor Sentiment
PEPE's market movements have attracted attention, with investors monitoring its ability to reach new price milestones. The token's growth has been fueled by speculative trading and social media-driven hype.
Emerging projects like BeerBear are gaining traction, offering unique ecosystems and structured incentives, potentially drawing interest away from established meme coins like PEPE.
Security Concerns
A PEPE token holder recently suffered a significant loss of $135,000 after unknowingly signing a malicious 'increaseAllowance' transaction, highlighting the importance of viglance in crypto transactions.
Pi Network has recently experienced significant developments, notably the launch of its open mainnet on February 20, 2025. This transition has led to increased trading activity, with PI Coin's market capitalization reaching an estimated $16 billion after a 70% surge in the last 24 hours.
However, the project has faced challenges, including allegations from Bybit CEO Ben Zhou, who labeled Pi Network a "scam." Pi Network responded, clarifying that a Chinese police report cited by Zhou targeted impersonators, not the project itself.
In terms of adoption, businesses in Florida have begun accepting PI Coin for transactions, such as real estate and car purchases.
Additionally, rumors of a potential Binance listing have intensified, leading to a 54% increase in PI Coin's value. A Binance community vote showed 86% support for listing the token, suggesting strong community interest.
As of March 1, 2025, the cryptocurrency market is experiencing notable fluctuations influenced by global events and regulatory developments.
Bitcoin's Recent Decline
Bitcoin's value has fallen below the $80,000 mark, a significant drop from its January peak of $109,000. This decline is attributed to recent geopolitical tensions, including the announcement of new tariffs by President Trump on Mexico, Canada, and China, which have raised concerns about economic growth and inflation. The broader