Elon Musk is once again hyping Dogecoin, this time suggesting it could play a role in reducing government waste and fraud. His pinned tweet, "Super yes FTW!!", reinforces his support for the idea. Given his history with DOGE and his influence, this post has sparked discussions—both excitement from DOGE fans and skepticism from critics. What do you think? Could DOGE have a real-world impact beyond memes?
$1.07 Billion in Bitcoin Transferred by Mt.Gox to New Wallet – Here’s Nuance An analytics account on the X platform, @Spotonchain, has spread the word about the infamous Bitcoin exchange Mt. Gox transferring yet another mind-blowing amount of BTC. According to the tweet, more than a billion dollars worth of Bitcoin was moved to a new wallet several hours ago New Bitcoin batch moved by Mt. Gox Spotonchain announced that the early crypto exchange mentioned above had shoveled 11,834 BTC, worth a crazy $1.07 billion in fiat. This Bitcoin batch was transferred to a new crypto wallet, but the data source commented that it is likely “part of an internal move.” It also reminded the crypto community on X that, last year between Nov. 1 and Dec. 24, Mt. Gox had transferred 8,820 BTC to B2C2 Group – the equivalent of roughly $760 million. As of now, the defunct exchange still holds 24,245 BTC in several known wallets – or $2.19 billion Among the transfers initiated by Mt. Gox mentioned above was 1,620 BTC valued at $172.5 million on Dec. 17, when Bitcoin was approaching an all-time high at $108,000, and $49.3 million worth of Bitcoin on Dec. 23 Mt. Gox reimbursing its creditors The infamous Japan-based crypto trading platform went insolvent in 2014 after suffering several security breaches and losing 840,000 Bitcoins. Back then, it amounted to roughly $450 million The platform was initially launched by a cofounder of Ripple, who later founded Stellar - Jed McCaleb. But then it was sold to Mark Karpeles, who became Mt. Gox’s CEO
In June 2024, the exchange announced it was ready to start compensating the losses to its creditors. Payouts started as the exchange began moving Bitcoin to centralized exchanges in the U.S. and Europe to distribute crypto. The repayment process was meant to finish in October 2024. However, due to unexpected circumstances, it was postponed by a whole year
#TrumpCongressSpeech $BTC Trump’s Congress Speech Shakes Crypto Markets! 🚨 President Donald Trump’s address to Congress introduced bold policy proposals, including a National Cryptocurrency Strategic Reserve. This move has sparked optimism among investors looking for regulatory clarity but also concern over potential government control in decentralized markets
How do you think this will impact the future of crypto? 📈📉
Bitcoin rose on Wednesday as an extended rout in crypto prices drew in some bargain buying, while hopes of a scaling down in U.S. President Donald Trump’s trade tariffs also aided risk appetite. The world’s largest crypto saw wild swings this week as Trump’s promises of a crypto reserve sparked a sharp rebound from last week’s losses. But this rebound proved to be short-lived as Trump gave few cues on his crypto plans. The U.S. President also made no mention of crypto during an address in Congress on Tuesday evening. Bitcoin rose 6.4% to $88,553.0 by 10:18 ET (15:18 GMT). Meanwhile, the DXY index, which gauges the U.S. dollar’s strength, has fallen below 105 for the first time since mid-November. Lutnick comments spark hopes of tariff relief U.S. Commerce Secretary Howard Lutnick said on Tuesday evening that Trump could make concessions for Canada and Mexico after imposing 25% tariffs against both countries this week. The two countries had lambasted the move and introduced a host of retaliatory measures. Trump also imposed 20% tariffs against China. Lutnick’s comments drove up hopes that Trump’s tariffs will be a negotiating tool and will prove to be short-lived, sparking appetite for risk-driven assets. Stock markets were also seen recovering mildly from recent losses. But Trump made no mention of any tariff concessions during a Tuesday address before Congress. The U.S. President instead appeared to double down on his tariff agenda, stating that even more measures were coming by early-April
Bitcoin Price Soars As Trump Says Crypto Reserve To Hold BTC, Ethereum, XRP, Solana, Other Cryptocurrencies The Bitcoin price jumped Sunday while other cryptocurrencies such as Ethereum, XRP, Dogecoin, Solana and Cardano soared as President Donald Trump expanded on his commitment for a U.S. crypto strategic reserve "A U.S. Crypto Reserve will elevate this critical industry," Trump wrote on his Truth Social site, adding "my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA." He followed up with another post, "obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum." White House AI and crypto czar David Sacks is the primary investor in Bitwise. Bitwise's top five holdings are BTC, ETH, SOL, XRP and ADA (Cardano). President Trump issued a crypto executive order on Jan. 23, mentioning a "national digital asset stockpile" but didn't cite any specific cryptocurrencies. The Bitcoin price jumped above $94,000 as of Sunday evening, getting as high as $95,136. The dominant digital currency had plunged from record highs in recent weeks, undercutting $80,000 at one point last week. It was at $84,108.22 as of 4 p.m. ET Friday. Ethereum leapt to above $2,500. It was at $2,222.39 as of 4 p.m. ET Friday Ripple-tied XRP token shot up 35% vs. 24 hours earlier to $2.97. Solana leapt 24% to $178. ADA, or Cardano, spiked 74% to $1.15. Dogecoin, not named by Trump Sunday, popped 16% to 24 cents. Tesla (TSLA) CEO Elon Musk has long championed Dogecoin. The $TRUMP meme coin shot up 28% to $16.84. Trump businesses control a majority of $TRUMP.
2nd March 2025 – (New York) The recent downturn in the broader cryptocurrency market has taken a toll on numerous digital assets, including Official Melania Meme (MELANIA), which was launched alongside Official TRUMP by Donald Trump’s wife. At the time of writing, MELANIA was trading below $0.86, reflecting a 32% drop over the past week and an alarming 88% decline since its debut. Its value has plummeted nearly 94% from an all-time high of $13.73 Data from Lookonchain indicates that several significant traders have incurred substantial losses in recent days. One prominent investor, for instance, spent 30 million USDC to acquire 13.97 million MELANIA tokens last month, only to sell them for 14.32 million USDC, resulting in a staggering loss of $15.68 million. Another trader faced a similar fate, purchasing 6.69 million MELANIA for 10 million USDC in early February and later selling them for just 6.27 million USDC, incurring a loss of $3.73 million. In light of these developments, consumer rights organisations are calling on the U.S. Department of Justice to investigate the TRUMP memecoin for potential breaches of anti-corruption laws. California Democratic Congressman Sam Liccardo has also introduced the Modern Emoluments and Malfeasance Eradication (MEME) Act, aiming to prevent lawmakers from profiting from meme-based assets. This legislation appears to target Donald Trump directly, who has reportedly made significant profits from TRUMP, despite its market value dropping by billions shortly after its launch earlier this year As political memecoins continue to attract scrutiny and criticism, the future of MELANIA and similar tokens remains uncertain, particularly as lawmakers seek to regulate the intersection of politics and cryptocurrency
ELON MUSK: DOGE started out as a meme coin. It was like a joke cryptocurrency involving memes & dogs. I was originally going to call it Government Efficiency Commission which is a very boring name & then people online wanted it to be called Department of Government Efficiency
Binance's CZ: I Won't Start New Crypto Project Changpeng Zhao, more commonly known as CZ, a Binance cofounder and its former chief executive, has published a tweet to address the crypto community about the importance of creating new products and improving the current ones in the crypto space CZ also revealed his plans for the near future, which do not mention building a new crypto exchange or any other crypto project. CZ will not build new project Responding to CZ’s tweet, where the former Binance boss urged the community to “keep building,” X user and crypto enthusiast @Cryptoking stated that he remembered the crypto builders have never stopped, even though skeptics have always said that it is “a bit late.” As an example, he named 2017, when CZ launched Binance. Back then, according to the commentator, everyone also said that there was “no room for another exchange,” and “It’s all done.” Still, Binance emerged and quickly won its position as the leader of crypto trading platforms However, responding to that, Zhao said that he does not plan to start building a new exchange or any other new project. Instead, he said, he intends to help other founders in the crypto space: “I won’t start a new project. Will help other founders.” "Bitcoin won’t die," CZ issues prediction Earlier this week, Changpeng Zhao addressed the crypto community to share his optimism and bullish mood with them as the crypto market showed a massive drawdown. Over the past week, the world’s crypto leader, Bitcoin, has experienced a staggering 15.71% drawdown as it crashed from $99,400 to the $83,800 zone between Feb. 21 and 26 By now, Bitcoin has began a recovery and has added 3.19%. At the time of this writing, BTC is changing hands at $86,380 per coin. Curiously, CZ also shared that he has sold no crypto during recent market drawdowns Real bull market about to start – Samson Mow JAN3 CEO Samson Mow believes that the real Bitcoin bull market is only about to begin
Bybit Offers $140M Bounty as Crypto Industry Rallies After Historic Hack Bybit faced one of the largest security breaches in crypto history, but rather than standing alone, the exchange witnessed an extraordinary wave of industry-wide support. The exchange reportedly lost more than $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH) due to a security breach Key players in both centralized and decentralized finance rallied to contain the attack, prevent fund movement, and support the recovery process. This collective effort underscores the crypto industry's resilience and commitment to security In response, Bybit has also launched a $140M Recovery Bounty Program, offering incentives to experts who help track and retrieve stolen assets Immediate Action to Contain the Breach The moment Bybit detected the attack, its security team reportedly locked down the system, secured user funds, and coordinated with top cybersecurity firms. Major industry names, including Antalpha Global, Bitget, Pionex, MEXC, and others, stepped in to assist
You've been watching DOGE where we have found billions, tens of billions of dollars of fraud, waste and abuse and that is the beginning and Elon Musk has done an amazing job
A crypto whale with the wallet tag “AA21…VxH9″ moved 123,500 SOL, worth $20.80 million, from Binance today, according to Lookonchain The large transfer happened while the market was recovering, with signs of accumulation. However, Solana’s price has not reacted much, as it still stays around its recent levels As of now, Solana (SOL) is priced at $172, up 6% in the last 24 hours. But its trading volume has dropped by 28% according to Coinmarketcap SOL has recently fallen below its $180 support and has also moved below the 200 EMA (Exponential Moving Average), which is an indicator of a bearish direction Based on the chart via TradingView, SOL might be stuck between $160 and $180 unless it breaks above $190. If the price falls below $160, it could drop another 20% to $120. For now, the market is waiting to see if buyers step in or if the price keeps falling
Argentina’s Milei Orders Investigation After Promoting Crypto That Cratered Argentina’s president, Javier Milei, has caused a political firestorm by promoting an unknown cryptocurrency token that shot up in value after his endorsement — then swiftly cratered. In a post on social media on Friday night, Mr. Milei said that the coin, called $LIBRA, would stimulate the economy and help small businesses grow. While the sudden attention gave the token an initial boost, the huge gains were erased as fear quickly spread that the coin was a scam. Mr. Milei deleted the post, which was on his personal account, five hours later and attempted to distance himself from the venture. “I was not familiar with the details of the project,” he wrote on X, “and after having informed myself I decided not to continue disseminating it (that is why I deleted the tweet).” On Saturday night, in another post on X from the official presidential account, his initial endorsement of the coin was described as a routine promotion of a business. It also said the president had opened investigations into whether anyone in his government, including himself, had acted inappropriately, and whether anyone involved with the coin had broken the law. Mr. Milei had come under fire for apparently pushing people toward a risky investment. His initial post also prompted comparisons with President Trump, who launched a memecoin, $Trump, last month. That token surged for a while and then crashed. A center-left coalition that opposes Mr. Milei’s libertarian government called his crypto foray “a scandal without precedent.” Another political bloc said it was seeking to create a commission in Congress to investigate what occurred. Former President Cristina Fernández de Kirchner, Mr. Milei’s main political opponent, said that thousands who had trusted him lost millions of dollars in all, “while many made fortunes due to privileged information.”
Official Trump, currently the 34th-largest cryptocurrency by market cap, has seen $3.4 billion in trading volume over the last 24 hours. Only 20% of TRUMP tokens (200 million) are currently unlocked, while the remaining 80% have been allocated to a company associated with Trump and the team that set up the token. Official Trump was trading around $21.32 at the time of publication, according to The Block's data. The memecoin also received some positive commentary from former BitMEX CEO Arthur Hayes, who highlighted the token's potential in a blog post on Thursday. According to Hayes, Donald Trump checks the price of his memecoin as frequently as he checks the S&P 500 index. "$TRUMP is down roughly 80% from its high," Hayes wrote. "I believe that if crypto sentiment is improving, $TRUMP will lead Bitcoin. If some policy that those in the political know believe will positively impact crypto, $TRUMP will surge well before the positive news is announced, and then Bitcoin will follow." Additionally, the Trump-backed DeFi protocol World Liberty Financial recently announced a new strategic token reserve aimed at supporting major cryptocurrencies like Bitcoin and Ethereum. However, some critics argue that WLFI’s structure allows the Trump family to profit from political influence while offering no direct claims to the reserve for token holders
Paragraph: Elon Musk once again shows his support for Dogecoin by reacting to a post claiming DOGE has a 60% approval rating. His simple yet powerful 🚀🚀🚀 response fuels excitement in the crypto community
Michael Saylor Reveals $1,808,000,000 Bitcoin Gain for Strategy Holders $BTC Michael Saylor is back with another update, and this time, it is about a fresh Bitcoin (BTC) gain for Strategy holders. Formerly known as MicroStrategy, the business intelligence firm turned Bitcoin-focused entity has once again expanded its holdings. Saylor took to X - what many people still call Twitter - to break down the numbers A solid 18,527 BTC were added to the company’s treasury just over the past week. That’s a 4.1% yield when stacked against the 478,740 BTC the company already held. With Bitcoin’s current price hovering around $97,000, this latest batch translates to a value north of $1.8 billion. The total Bitcoin stash now? Roughly $46.73 billion.p0 There is a method to this accumulation, one that has some investors paying close attention. The strategy - or Strategy’s strategy - leans on a couple of core ideas. First, Bitcoin is expected to appreciate at an average rate of 25% annually over the next five years. Second, the company continues to secure funding at rates lower than that projected appreciation
This setup lets Strategy play the volatility game - selling Bitcoin’s short-term price swings to options traders while simultaneously using low-cost borrowed money to acquire more of it. Many of these 0% convertible notes will not mature for another five years, meaning Strategy could leverage a higher Bitcoin price as collateral to roll over the debt If Bitcoin does not climb fast enough? Those bondholders still have a built-in safety net. They get the option to convert their debt into MSTR shares - at a premium. That, in turn, supports the stock price, keeping the whole structure intact It is a cycle that has worked so far. The big question now? Whether Bitcoin keeps up its end of the deal. If it does, Strategy stands to keep growing its holdings while navigating the risks that come with balancing leverage and long-term value