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Elon Musk Boosts Kekius Maximus with DOGE Photo

#NFT#Ethereum #Dogecoin - DOGE

Elon Musk caused a surge in the Ethereum meme coin Kekius Maximus (KEKIUS) after sharing an image on X (formerly Twitter) featuring the fictional frog. The coin spiked by 60% to $0.03 following Musk's post, reaching $0.026 within a day. Musk's fondness for Dogecoin is well-known, but his interest in Kekius Maximus began in December. The tech CEO praised the coin as a 'late great' and shared a link to the song 'Now We are Free.' Musk's social media activities, including adopting Kekius Maximus as his character's name in a video game, have influenced meme coin prices. Despite not directly mentioning video games in his post, Musk's desktop setup hinted at gaming with a prominent graphics card. The impact of Musk's online presence on cryptocurrency values continues to be significant.

Raydium's RAY Token Surges Amid LaunchLab Announcement

#Tokenization
#Solana

Raydium's RAY Token Surges Amid LaunchLab Announcement
Raydium's native token, RAY, experienced a significant surge in value during the early Asian trading hours following the announcement of its token launchpad, LaunchLab. The Solana-based decentralized exchange (DEX) and automated market maker (AMM) are entering the meme coin space with this new platform. Raydium's move comes after Pump.fun, a popular Solana meme coin launchpad, decided to build its own AMM, causing a 31% drop in RAY's price. LaunchLab aims to provide a competitive alternative for teams looking to create tokens without starting from scratch. The platform offers various bonding curves and fee customization options to attract users. Raydium's initiative reflects the growing trend of meme coin launchpads across different blockchains, with other projects like GraFun Labs and PancakeSwap also entering the space. However, the sector faces challenges related to security and transparency, as seen in recent scams and regulatory scrutiny.

Expanding Beyond Telegram: Not Games Platform by 'Notcoin' Studio

#Blockchain Gaming

Expanding Beyond Telegram: Not Games Platform by 'Notcoin' Studio
Open Builders, the company behind the popular Telegram tap-to-earn game Notcoin, has announced the launch of Not Games, a platform that offers unified progression and rewards across multiple new games. This move marks a shift from individual games to a more cohesive gaming experience on Telegram. Not Games will introduce persistent player profiles, shared inventories, and an integrated economy across various games. Players will have a single profile to track achievements and rankings across all titles, along with a unified balance and inventory system. Assets earned in one game can be utilized in others, and items can be traded in secondary marketplaces. Powered by the NOT token on The Open Network (TON), players can use it for purchases, upgrades, and rewards. The platform's first game, VOID, inspired by Agar.io, has already launched, with more games in development for the future.

POCKETFI Bot messaged me twice today, asking for human verification, which costs $15. Maybe $1 isn’t enough to prove you're human because a bot can send $1, but $15? Peak Web3 innovation: turning verification into a heist.

With 4M+ users, that’s a $50M cash grab! Then, they list on MEXC and Bitget for free with just a $1M valuation. This is what robbery looks like.

And the twist? I heard the founder is Nigerian. #pocketfi

Analysis of Recent Crypto Developments
#Security breaches
#Ethereum
#Ethereum - ETH
Analysis of Recent Crypto Developments
The European Union's latest retaliatory tariffs have increased macroeconomic uncertainty, leading to predictions of heightened Bitcoin price volatility. A bill proposing the US purchase of 1 million Bitcoin was reintroduced to Congress. Additionally, the EU is investigating OKX for potentially aiding the Bybit hackers. The EU will impose counter-tariffs on $28 billion worth of US goods in response to US tariffs on steel and aluminum. This escalation may trigger trade war concerns and market volatility. Analysts foresee Bitcoin potentially dropping below $75,000 before rebounding. US Senator Cynthia Lummis reintroduced the BITCOIN Act to allow the government to hold over 1 million Bitcoin. Furthermore, European regulators are examining OKX's services for potential involvement in money laundering. These developments highlight the complex interplay between global economics, regulatory actions, and cryptocurrency markets.

Stablecoin Regulation Debate: Industry Leaders' Perspectives

#Stablecoins
#Ethereum
#USDC - USDC

Stablecoin Regulation Debate: Industry Leaders' Perspectives
US lawmakers are gearing up for a contentious discussion on stablecoin regulation, with prominent industry figures set to present their views on the future of digital asset oversight. Charles Cascarilla, CEO of stablecoin issuer Paxos, will testify before the House Financial Services Committee, advocating for 'cross-jurisdictional reciprocity' in regulations. He expressed concerns about hurdles faced by Paxos' Global Dollar (USDG) due to being issued through a regulated entity in Singapore. Cascarilla urged lawmakers to enhance 'international reciprocity language' with defined timelines for the US Treasury Department to designate overseas jurisdictions for regulation. He emphasized that delays could impede stablecoin adoption. While some call for global regulation, others like Circle's Jeremy Allaire suggest domestic registration for stablecoin issuers. Circle's USDC was the first MiCA-compliant stablecoin. Compliance issues in the EU have led to delistings of Paxos stablecoins. The industry is at a crossroads regarding regulatory frameworks for stablecoins.

Impact of Geoblocking on U.S. Crypto Airdrops

#Cryptocurrency
#Ethereum
#Ethereum - ETH

Impact of Geoblocking on U.S. Crypto Airdrops
A recent report by Dragonfly suggests that U.S. residents may have missed out on billions of dollars in cryptocurrency airdrops due to geoblocking policies from 2020-2024. The report analyzed data from 12 Ethereum-based airdrops, revealing that 11 projects restricted U.S. participation, resulting in an estimated loss of $1.84 to $2.64 billion. The report emphasizes the need for clear regulatory frameworks, tax clarity, and registration pathways instead of geoblocking. Despite some users using VPNs to bypass restrictions, a significant portion missed claiming their token shares. The economic impact extends to missed tax revenues for both federal and state governments. Dragonfly recommends regulatory clarity and tailored frameworks to unlock the full potential of airdrops and foster a thriving blockchain ecosystem in the U.S.

Taproot Wizards to Release Bitcoin Ordinals Collection in March

#NFT
#Bitcoin
#Bitcoin - BTC
Taproot Wizards to Release Bitcoin Ordinals Collection in March
After two years of being inscribed on the Bitcoin blockchain, the long-awaited Taproot Wizards Ordinals collection will be available for purchase on March 25. The collection comprises 2,121 Wizard NFTs inspired by the iconic Bitcoin Wizard meme from 2013. The sale will occur in two phases, with the first phase offering Wizard NFTs to those on an allowlist for 0.2 BTC. A second phase will allow the general public to mint a Taproot Wizard NFT through a Dutch auction. The project aims to use the funds raised to develop an ecosystem of OP_CAT applications and protocols on Bitcoin. Taproot Wizards have been advocating for the reintroduction of OP_CAT to Bitcoin to enhance the blockchain's functionality. The project recently secured a $30 million Series A funding round to further their OP_CAT-related initiatives, with plans for a soft fork implementation in 2025.

YouTube Creators Targeted by Crypto Mining Malware Blackmail

#Security breaches
#Ethereum
#Ethereum - ETH
YouTube Creators Targeted by Crypto Mining Malware Blackmail
Cybercriminals are coercing YouTube influencers into promoting crypto-mining malware by blackmailing them with false copyright complaints. Kaspersky's research reveals that hackers are exploiting the popularity of Windows Packet Divert drivers in Russia to infect devices with SilentCryptoMiner malware. By inserting malicious links into video descriptions and threatening creators with copyright strikes, the criminals have infected around 2,000 computers in Russia. The malware, based on XMRig, mines cryptocurrencies like Ethereum and Monero, and can be controlled remotely. This aggressive tactic of targeting influencers showcases the evolving strategies of cybercriminals. With crypto-mining malware becoming increasingly common, users are advised to verify downloads and exercise caution when prompted to disable antivirus software. The security landscape continues to evolve, with attackers finding new ways to exploit trust and infect unsuspecting users.

Ethereum-to-Bitcoin Price Hits 5-Year Low

Ethereum’s decline isn’t just in USD but also in $BTC, hitting a 5-year low. This reflects several ongoing challenges:

Missed Trends: Ethereum has failed to capitalize on trends like memecoins and AI agents.

Rising Competition: Solana is surpassing Ethereum in key metrics like DEX volume and fees.

Internal Conflicts: Conflicts within the Ethereum Foundation led to organizational shifts, but is it enough to drive long-term progress?

Potential Market Downturn Warning for Bitcoin

#Market analysis
#Bitcoin
#Bitcoin - BTC
Potential Market Downturn Warning for Bitcoin
Network economist Timothy Peterson cautions that if the US Federal Reserve delays rate cuts in 2025, it could trigger a broader market decline, potentially pulling Bitcoin back to $70,000. Peterson suggested that the Fed's decision not to cut rates this year could serve as the trigger for this scenario. Federal Reserve chair Jerome Powell recently emphasized a patient approach to interest rate adjustments. Peterson, known for his work on Bitcoin's value, used a model to estimate potential market movements. While he predicted a 33% drop in Bitcoin to $57,000, he believes historical trends indicate a floor price closer to the low $70,000 range. Other experts have also shared varying price predictions for Bitcoin, with some foreseeing a correction to $70,000-$75,000 before a surge to $250,000 by year-end. Overall, caution and market observation are advised in the volatile crypto landscape.

Ethereum's MVRV Z-Score Indicates Potential Bottoming Out

#Market analysis
#Ethereum
#Ethereum - ETH
Ethereum's MVRV Z-Score Indicates Potential Bottoming Out
Ethereum's MVRV Z-Score, a crucial indicator for evaluating the valuation of its native token, Ether, has reached its lowest point in 17 months, suggesting that the cryptocurrency may be approaching a bottom. The MVRV Z-Score compares Ethereum's market value to its realized value and is currently nearing the undervaluation zone, indicating that ETH could be trading at a discount compared to the total capital inflow. Historical data shows that similar low levels of the MVRV Z-Score in the past have preceded significant price rebounds for ETH. Institutional investors and long-term holders are accumulating ETH aggressively, as evidenced by increased inflows into accumulation addresses. This accumulation trend aligns with price pullbacks, suggesting that large investors anticipate a price increase in 2025. Ethereum's price action is supported by key Fibonacci retracement levels, with potential bullish breakout targets at $3,000 and $4,063. However, a break below key support levels could invalidate the bullish setup.

Litecoin Faces Price Drop Amidst Trade Wars
# Market analysis

# Litecoin
# Litecoin - LTC
Litecoin Faces Price Drop Amidst Trade Wars
Litecoin experienced a significant price drop to $94, a 26% decrease from the weekly open, attributed to ongoing trade tensions. Despite this, analysts see potential in Litecoin due to its resilience and positive social commentary. In February, LTC outperformed BTC, maintaining breakeven value while Bitcoin faced an 18% decline. Santiment data revealed a rise in LTC active addresses to 445,000. Valeriya, a crypto trader, noted signs of reaccumulation in Litecoin. Technically, Litecoin trades within a consolidation range of $130 to $140, staying above the 200-day EMA since Nov. 6, 2024. Immediate support levels are at $92 to $100 and $80 to $88. RSI dropped to 38, the lowest since Aug. 8, 2024. Onchain data from IntoTheBlock showed significant LTC holdings in the $79 to $90 range. Investors should conduct their own research before making any investment decisions.

Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit

# DeFi
# Ethereum
# Ethereum - ETH
Trump-Backed DeFi Project Acquires $20M in Digital Assets Ahead of White House Crypto Summit
World Liberty Financial, a decentralized finance (DeFi) project supported by President Donald Trump's family, purchased over $20 million in digital assets before the White House's inaugural crypto summit on March 7. The project's digital wallet obtained $10.1 million in Ether, $9.9 million in Wrapped Bitcoin, and $1.68 million in Movement Network's MOVE token just days before the event. Despite controversies surrounding token swaps, World Liberty aims to revolutionize DeFi/CeFi and offer crypto holders opportunities without intermediaries. The timing of the acquisition aligns with the anticipated summit, where industry leaders will engage in discussions with President Trump's Working Group on Digital Assets. Speculation suggests the Trump administration may propose establishing a strategic crypto reserve, with Bitcoin potentially playing a significant role. The project's actions and the summit's discussions highlight the evolving landscape of cryptocurrency in government affairs.

Former FTX CEO Sam Bankman-Fried's Prison Interview and Legal Battles

# Security breaches
# Ethereum
# Ethereum - ETH
Former FTX CEO Sam Bankman-Fried's Prison Interview and Legal Battles
Former FTX CEO Sam Bankman-Fried, also known as SBF, was sentenced to 25 years in 2024 for misusing customer funds. Despite being in prison, he gave an interview to Tucker Carlson discussing his life behind bars and views on crypto regulation in the US. While not directly addressing a potential pardon from former President Trump, SBF hinted at aligning with Republican ideas. Bankman-Fried, a Democratic donor, claimed to have supported Republicans as well. Following FTX's collapse and subsequent criminal charges, SBF, along with two others, received prison sentences. He expressed disbelief in the charges and criticized the legal proceedings. Despite ongoing legal battles, including an appeal, there were rumors of seeking a presidential pardon. Bankman-Fried's prison experience involved isolation and limited contact with former associates. The FTX cases have mostly concluded with varying sentences for individuals involved.

Capital Flight in Cryptocurrency Market

#Stablecoins
#Ethereum
#Tether USDt - USDT

Capital Flight in Cryptocurrency Market
Solana experienced a significant outflow of nearly $485 million last month, as investors moved towards perceived safer digital assets like Ethereum, Arbitrum, and BNB Chain. This trend reflects the growing uncertainty in the cryptocurrency market. The shift to 'safer' assets was part of a broader flight to safety among crypto market participants, with Bitcoin dominance increasing to 59.6%. The outflows from Solana were also influenced by negative sentiment in the market, exacerbated by events like the $1.4 billion Bybit hack. Additionally, disappointment in Solana-based memecoin launches and incidents of rug pulls have dampened investor appetite. On the other hand, stablecoins and real-world assets saw a rise in value, reaching all-time highs. This capital rotation is expected to continue amidst market turbulence, with RWAs projected to reach a $50 billion high by 2025.

🤑 Telegram partners with TON, making it the exclusive blockchain for crypto mini apps and games.

TON Foundation offers grants up to $50,000 for projects migrating within 30 days.

🇺🇸 Galaxy Digital: U.S. Won’t Buy Bitcoin in 2025!
Alex Thorn predicts the U.S. will focus on managing its 183,850 BTC reserves, worth $17.36B, while states like Texas and Ohio explore adding Bitcoin to their treasuries.

🚀 ChatGPT Predicts Ripple's All-Time High in 2025!
XRP could hit $4.5 in 2025, fueled by adoption, regulatory clarity, and market optimism. Experts warn new tokens might limit growth, but an SEC-approved ETF could be a game-changer.

🚨 Solana Co-Founder Accused of Crypto Theft!
Stephen Akridge faces legal claims from ex-wife Elisa Rossi, alleging he siphoned Solana staking rewards worth "millions" from her wallet during their divorce.