#USDC✅ According to PANews, official data reveals that Circle issued approximately 4.1 billion USDC and redeemed around 2.4 billion USDC in the seven days leading up to March 6. This resulted in a net increase of about 1.7 billion USDC in circulation.
#USDC According to PANews, official data reveals that Circle issued approximately 4.1 billion USDC and redeemed around 2.4 billion USDC in the seven days leading up to March 6. This resulted in a net increase of about 1.7 billion USDC in circulation.
#USDC According to PANews, official data reveals that Circle issued approximately 4.1 billion USDC and redeemed around 2.4 billion USDC in the seven days leading up to March 6. This resulted in a net increase of about 1.7 billion USDC in circulation.
#WhiteHouseCryptoSummit Ripple co-founder Chris Larsen’s $150 million crypto theft in January 2024 has been linked to a LastPass security breach from 2022, according to on-chain security expert ZachXBT, citing a recent US law enforcement forfeiture complaint.
The attack resulted in the theft of 213 million XRP tokens, valued at $112 million at the time, after attackers compromised private keys stored in the LastPass password management system.
ZachXBT, who was first to report the attack, noted that the stolen funds were quickly moved to various crypto exchanges, including Binance, Kraken, OKX, and others.
Larsen confirmed the breach, clarifying that it was an isolated incident involving his personal accounts and not Ripple’s corporate wallets. He had not previously disclosed the cause of the security breach.
Following the hack, law enforcement was promptly involved, and several exchanges froze portions of the stolen funds, with Binance alone halting $4.2 million worth of XRP. Despite these efforts, a large amount of the stolen XRP had already been laundered or converted out of XRP by the attackers.
LastPass breach lingers: Millions in crypto were stolen last December Last December, cybersecurity experts sounded the alarm after a recent wave of crypto thefts, linked directly to the 2022 LastPass security breach.
ZachXBT reported that just before Christmas, the ‘LastPass threat actor’ stole approximately $5.4 million in crypto assets from over 40 victim addresses, converting the assets to Ethereum and Bitcoin. This event brings the total losses to $250 million.
According to ZachXBT, the attackers exploited data stolen during the 2022 incident, in which hackers gained access to LastPass’s systems and exfiltrated encrypted user data.
Despite the encryption, persistent efforts to decrypt the information continue to yield results for the perpetrators.
Ripple holdings and inactive addresses linked to Larsen Following President Donald Trump’s announcement of the US Strategic Crypto Reserve last week,
President Trump Signs Executive Order to Establish Bitcoin Reserve, Crypto Stockpile https://decrypt.co/309032/president-trump-signs-executive-order-to-establish-bitcoin-reserve-crypto-stockpile
Belarus President Lukashenko Urges Start of Cryptocurrency Mining https://x.com/BitcoinMagazine/status/1897389815215300946
*Security and Scam Updates*
1inch suffers $5M hack due to smart contract vulnerability https://cointelegraph.com/news/1inch-loses-5m-hack-fusion-v1-smart-contract
Hong Kong Official Vows to 'Severely Reprimand' Meme Coin Scammers https://decrypt.co/308958/hong-kong-solana-token-meme-coin-scam
*Project Updates*
Sui Partners With Trump-Inspired World Liberty Financial for Macro Strategy Reserve https://news.bitcoin.com/sui-partners-with-trump-inspired-world-liberty-financial-for-macro-strategy-reserve/
Binance Will Continue to List RedStone (RED) https://www.binance.com/en/support/announcement/detail/bae31a13e0834bdfaa5ccb867f11e691?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
*Raises and Funding*
Exclusive: Seismic raises $7M in round led by a16z Crypto https://blockworks.co/news/seismic-a16z-led-fundraise
#WhiteHouseCryptoSummit As US President Donald Trump prepares to host the first White House Crypto Summit on March 7, the industry is watching closely to see who will be invited.
The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include more than 25 participants, including members of the Presidential Working Group on Digital Assets, according to Fox Business reporter Eleanor Terrett.
As of Wednesday morning, Terrett reported that 11 crypto executives and two White House representatives had confirmed their attendance.
“Unclear as of now who aside from Bo Hines and David Sacks will be in attendance, but if you go back to Trump’s executive order, the presidential working group also includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, the SEC chair, the CFTC chair and others,” Terrett wrote.
As US President Donald Trump prepares to host the first White House Crypto Summit on March 7, the industry is watching closely to see who will be invited.
The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include more than 25 participants, including members of the Presidential Working Group on Digital Assets, according to Fox Business reporter Eleanor Terrett.
As of Wednesday morning, Terrett reported that 11 crypto executives and two White House representatives had confirmed their attendance.
“Unclear as of now who aside from Bo Hines and David Sacks will be in attendance, but if you go back to Trump’s executive order, the presidential working group also includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, the SEC chair, the CFTC chair and others,” Terrett wrote.
Cryptocurrency values rise as bitcoin leaps above $90,000. Enthusiasts are waiting to see if bitcoin can surpass its record high of $109,135 set earlier this year.#MarketRebound
Trump names bitcoin, ether, XRP, solana and cardano for strategic reserve Bitcoin and ether rise more than 10% on the news Trump has moved quickly to back crypto industry policy priorities#TrumpCongressSpeech
Here are the latest trends and news in the Bitcoin space:
- *Market Volatility*: Bitcoin's price has been experiencing significant volatility, with a 4.23% drop in the past 24 hours and a 9.84% decrease over the last week.¹ - *Price Forecast*: Analysts predict that Bitcoin may struggle to hold above $94,000, with potential for a deeper correction.² - *White House Crypto Summit*: The upcoming White House Crypto Summit may bring some volatility to the market, but some analysts see it as a potential catalyst for recovery. - *Institutional Investment*: Japanese investment firm Metaplanet has bought Bitcoin for the second time this week, and Mexican entrepreneur Ricardo Salinas has increased his Bitcoin exposure from 10% to 70% over the past four and a half years.³ - *Regulatory Environment*: El Salvador President Nayib Bukele has announced that the country will continue to buy at least one Bitcoin per day, despite pressure from the International Monetary Fund. - *Mining and Security*: The Bitcoin network has seen an increase in mining activity, but some miners are struggling due to high energy costs and decreased profitability.#bitcoin
Bitcoin's Price History The price changes for Bitcoin generally reflect investor enthusiasm, as well as the demand and supply dynamics in the market. Satoshi Nakamoto, the anonymous Bitcoin inventor(s), designed it for use in daily transactions—but it has become far more than a payment method.
It attracted traders who began to bet on its price changes. Investors turned to Bitcoin as a way to store value, generate wealth, and hedge against inflation, and institutions worked to create#bitcoin
President Donald Trump will host the first-ever cryptocurrency summit at the White House on March 7, 2025. This marks a major step for U.S. digital asset policy, signaling the government’s pro-crypto stance and a focus on creating clear regulations. The event will bring together key industry figures, including founders, CEOs, and investors, to discuss how regulation and innovation can shape the future of the cryptocurrency market. #WhiteHouseCryptoSummit