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$ETH $BTC $XRP Justin Sun Predicts Ethereum to Hit $5,000 Ahead of 10th Anniversary*
Tron founder Justin Sun has predicted that Ethereum (ETH) will reach $5,000 in the coming months, coinciding with the network's 10th anniversary in July 2025. This prediction has garnered attention as Ethereum's current price is below $2,000.
On the other hand, the Ethereum Foundation will host a global event to celebrate the anniversary, providing funding support of up to $500 per event for local communities to strengthen the ecosystem.
Sun proposed that the Ethereum Foundation hold off on selling Ethereum for three years and utilize lending platforms like AAVE to finance operations without increasing Ethereum's supply. Sun also emphasized the importance of focusing on core Layer 1 development, increasing network capacity and security to make the Ethereum ecosystem stronger and more valuable.
Tron founder Justin Sun has predicted that Ethereum (ETH) will reach $5,000 in the coming months, coinciding with the network's 10th anniversary in July 2025. This prediction has garnered attention as Ethereum's current price is below $2,000.
On the other hand, the Ethereum Foundation will host a global event to celebrate the anniversary, providing funding support of up to $500 per event for local communities to strengthen the ecosystem.
Sun proposed that the Ethereum Foundation hold off on selling Ethereum for three years and utilize lending platforms like AAVE to finance operations without increasing Ethereum's supply. Sun also emphasized the importance of focusing on core Layer 1 development, increasing network capacity and security to make the Ethereum ecosystem stronger and more valuable.
$BTC
@everyone *World's First: Islamic Bank Allows Customers to Buy Bitcoin*
Ruya, the first Islamic digital bank in the United Arab Emirates (UAE), has partnered with Fuze Finance to provide customers with the ability to buy and sell cryptocurrencies like Bitcoin (BTC). Interestingly, Ruya's banking services are said to be in line with Islamic financial principles, with Bitcoin being deemed Shariah-compliant, especially after partnering with Fuze, which enables users to invest or save in a halal manner.
The UAE has received over $30 billion in virtual assets since June 2024, with a growth rate of 42%, or four times higher than the regional average of 11.7%. Ruya Bank CEO Christoph Koster stated that the Islamic bank in the UAE is committed to changing the financial landscape in the UAE and assuring customers that the virtual assets offered on Ruya's investment platform are Shariah-compliant and meet their needs.
"We can also assure our customers that the virtual assets we offer on our investment platform are Shariah-compliant, providing the certainty they need," Koster said.
Additionally, Ruya is not the only bank in the UAE to adopt cryptocurrencies, as Liv Digital Bank and Emirates NBD Bank have previously offered cryptocurrency trading services.
@everyone *World's First: Islamic Bank Allows Customers to Buy Bitcoin*
Ruya, the first Islamic digital bank in the United Arab Emirates (UAE), has partnered with Fuze Finance to provide customers with the ability to buy and sell cryptocurrencies like Bitcoin (BTC). Interestingly, Ruya's banking services are said to be in line with Islamic financial principles, with Bitcoin being deemed Shariah-compliant, especially after partnering with Fuze, which enables users to invest or save in a halal manner.
The UAE has received over $30 billion in virtual assets since June 2024, with a growth rate of 42%, or four times higher than the regional average of 11.7%. Ruya Bank CEO Christoph Koster stated that the Islamic bank in the UAE is committed to changing the financial landscape in the UAE and assuring customers that the virtual assets offered on Ruya's investment platform are Shariah-compliant and meet their needs.
"We can also assure our customers that the virtual assets we offer on our investment platform are Shariah-compliant, providing the certainty they need," Koster said.
Additionally, Ruya is not the only bank in the UAE to adopt cryptocurrencies, as Liv Digital Bank and Emirates NBD Bank have previously offered cryptocurrency trading services.
$BTC $XRP $ETH
Trump Confirms Tariffs Will Be Imposed Tomorrow, Bitcoin Plummets to $84K
US President Donald Trump confirmed in a White House interview that tariffs on Canada and Mexico will take effect tomorrow. "What's happening is tariffs tomorrow, 25% on Canada, 25% on Mexico. The only way to avoid that is to build their business in the United States," Trump stated.
Following his statement, Bitcoin's price plummeted 10% from $93,000 to $84,000 in today's trading. Additionally, its market capitalization also dropped to $1.6 trillion.
Trump Confirms Tariffs Will Be Imposed Tomorrow, Bitcoin Plummets to $84K
US President Donald Trump confirmed in a White House interview that tariffs on Canada and Mexico will take effect tomorrow. "What's happening is tariffs tomorrow, 25% on Canada, 25% on Mexico. The only way to avoid that is to build their business in the United States," Trump stated.
Following his statement, Bitcoin's price plummeted 10% from $93,000 to $84,000 in today's trading. Additionally, its market capitalization also dropped to $1.6 trillion.
$BTC $XRP $ADA
Trump's Announcement Causes $839M Liquidation in Crypto Market
The crypto market has witnessed a massive liquidation of $839.3 million in the past 24 hours, triggered by US President Donald Trump's announcement that the country will use cryptocurrencies as a strategic reserve. According to CoinGlass data, the liquidation involved around 184,381 market participants.
The largest liquidation occurred in short positions, totaling $544.2 million, while long positions accounted for $293.2 million. Bitcoin (BTC) was the largest contributor to the liquidation, with $303 million, followed by Ethereum (ETH) with $138 million, XRP (XRP) with $73.7 million, and Cardano (ADA) with $66.4 million.
Trump's announcement sparked a massive rally in the crypto market, with Cardano's price surging nearly 2 times or 84.2% overnight.
Trump's Announcement Causes $839M Liquidation in Crypto Market
The crypto market has witnessed a massive liquidation of $839.3 million in the past 24 hours, triggered by US President Donald Trump's announcement that the country will use cryptocurrencies as a strategic reserve. According to CoinGlass data, the liquidation involved around 184,381 market participants.
The largest liquidation occurred in short positions, totaling $544.2 million, while long positions accounted for $293.2 million. Bitcoin (BTC) was the largest contributor to the liquidation, with $303 million, followed by Ethereum (ETH) with $138 million, XRP (XRP) with $73.7 million, and Cardano (ADA) with $66.4 million.
Trump's announcement sparked a massive rally in the crypto market, with Cardano's price surging nearly 2 times or 84.2% overnight.
$BTC $XRP $SOL
Donald Trump Announces "Strategic Reserve" for Crypto, What's the Impact on the Market?
Donald Trump's announcement of the US having a crypto "strategic reserve" that includes BTC, ETH, SOL, ADA, and ETH has sparked interest. What does this mean for the market?
#1 The Market Becomes More Positive.
After the tariff policy that led to the SPX correction and Bitcoin's drop to $78K, this policy provides a "breath of fresh air" for the market. We might witness a relief bounce to $95K. Positive catalysts are essential for the crypto market's growth.
#2 A Win for Altcoins, Not Just Bitcoin.
Trump's mention of ETH, SOL, XRP, and ADA (not just Bitcoin) is a positive sign for altcoins. This increases the chances of other altcoins being bought by the US in the future. This news is also beneficial for altcoins within their respective ecosystems, such as Solana, which has seen its ecosystem coins recover after a significant drop.
#3 Trump's Policy May Create FOMO for Other Countries.
This policy might create a sense of FOMO among other countries, prompting them to follow the US's lead in buying crypto. This could increase crypto adoption globally and drive prices higher.
#4 Higher Chance of a Crypto Rally.
This catalyst increases the potential for a crypto rally. We've been predicting a potential top by the end of 2025, and before that, a significant rally might occur with this positive catalyst. Just sit back and relax.
Donald Trump Announces "Strategic Reserve" for Crypto, What's the Impact on the Market?
Donald Trump's announcement of the US having a crypto "strategic reserve" that includes BTC, ETH, SOL, ADA, and ETH has sparked interest. What does this mean for the market?
#1 The Market Becomes More Positive.
After the tariff policy that led to the SPX correction and Bitcoin's drop to $78K, this policy provides a "breath of fresh air" for the market. We might witness a relief bounce to $95K. Positive catalysts are essential for the crypto market's growth.
#2 A Win for Altcoins, Not Just Bitcoin.
Trump's mention of ETH, SOL, XRP, and ADA (not just Bitcoin) is a positive sign for altcoins. This increases the chances of other altcoins being bought by the US in the future. This news is also beneficial for altcoins within their respective ecosystems, such as Solana, which has seen its ecosystem coins recover after a significant drop.
#3 Trump's Policy May Create FOMO for Other Countries.
This policy might create a sense of FOMO among other countries, prompting them to follow the US's lead in buying crypto. This could increase crypto adoption globally and drive prices higher.
#4 Higher Chance of a Crypto Rally.
This catalyst increases the potential for a crypto rally. We've been predicting a potential top by the end of 2025, and before that, a significant rally might occur with this positive catalyst. Just sit back and relax.
$BTC $ETH $XRP
Robert Kiyosaki Questions US Banking System, Prefers Bitcoin Over Fiat Currency
Robert Kiyosaki, author of "Rich Dad Poor Dad," has made another controversial statement regarding the US financial system. He assumes that even if Bitcoin (BTC) might be a scam, it's still not as bad as the US dollar and the country's banking system. Kiyosaki emphasizes that he prefers Bitcoin, gold, and silver as a means to protect wealth from economic instability.
He believes that fiat currency values are weakening due to inflation and poor economic policies, making it necessary to seek safer alternatives. Additionally, Kiyosaki warns of a potential collapse of the financial system due to increasing debt and excessive money printing.
"I predict a financial collapse. Protect yourself from greedy bankers. Buy gold, silver, and Bitcoin, not gold, silver, or Bitcoin ETFs, because that's bankers' money," Kiyosaki wrote on X, Saturday (March 1).
Kiyosaki's statement reinforces his conviction that financial institutions manipulate markets, making investments in real assets safer than conventional financial instruments. This perspective has garnered significant attention, particularly from those skeptical of the banking system and seeking ways to preserve their wealth.
Robert Kiyosaki Questions US Banking System, Prefers Bitcoin Over Fiat Currency
Robert Kiyosaki, author of "Rich Dad Poor Dad," has made another controversial statement regarding the US financial system. He assumes that even if Bitcoin (BTC) might be a scam, it's still not as bad as the US dollar and the country's banking system. Kiyosaki emphasizes that he prefers Bitcoin, gold, and silver as a means to protect wealth from economic instability.
He believes that fiat currency values are weakening due to inflation and poor economic policies, making it necessary to seek safer alternatives. Additionally, Kiyosaki warns of a potential collapse of the financial system due to increasing debt and excessive money printing.
"I predict a financial collapse. Protect yourself from greedy bankers. Buy gold, silver, and Bitcoin, not gold, silver, or Bitcoin ETFs, because that's bankers' money," Kiyosaki wrote on X, Saturday (March 1).
Kiyosaki's statement reinforces his conviction that financial institutions manipulate markets, making investments in real assets safer than conventional financial instruments. This perspective has garnered significant attention, particularly from those skeptical of the banking system and seeking ways to preserve their wealth.
$SOL
Solana's Price Plummets 50% from Its All-Time High: What's Behind the Decline?
Solana's (SOL) token price has experienced a significant decline of 50%, dropping to $139 per coin from its all-time high of $295 in January. Solana's Total Value Locked (TVL) has also decreased by nearly half, from $12 billion to $7.13 billion. This decline has directly impacted the on-chain volume, which has shrunk from $97 billion per week to just $7 billion currently, indicating reduced activity on the Solana network.
In the last 30 days, approximately $500 million in liquidity has shifted to competing blockchains like Ethereum (ETH), Sonic (S), and Arbitrum (ARB). According to Miles Deutscher's analysis, Solana's burn fee has dropped to its lowest point in the past month, reaching $177,000. Furthermore, Solana's meme coin sector, which once reached a collective market capitalization of $25 billion, has now shrunk to just $8.3 billion, with a 23% decline in the last 24 hours.
As a side note, Bitcoin (BTC) dropped to $86,047 on Tuesday (February 25), while Ethereum also declined to $2,317 per coin. _Not Financial Advice. Do Your Own Research_
Solana's Price Plummets 50% from Its All-Time High: What's Behind the Decline?
Solana's (SOL) token price has experienced a significant decline of 50%, dropping to $139 per coin from its all-time high of $295 in January. Solana's Total Value Locked (TVL) has also decreased by nearly half, from $12 billion to $7.13 billion. This decline has directly impacted the on-chain volume, which has shrunk from $97 billion per week to just $7 billion currently, indicating reduced activity on the Solana network.
In the last 30 days, approximately $500 million in liquidity has shifted to competing blockchains like Ethereum (ETH), Sonic (S), and Arbitrum (ARB). According to Miles Deutscher's analysis, Solana's burn fee has dropped to its lowest point in the past month, reaching $177,000. Furthermore, Solana's meme coin sector, which once reached a collective market capitalization of $25 billion, has now shrunk to just $8.3 billion, with a 23% decline in the last 24 hours.
As a side note, Bitcoin (BTC) dropped to $86,047 on Tuesday (February 25), while Ethereum also declined to $2,317 per coin. _Not Financial Advice. Do Your Own Research_
$ETH $BTC $XRP
Bybit Offers $140M Bounty to Combat Lazarus Group
Bybit CEO Ben Zhou announced the launch of the first-ever bounty site to transparently expose the money laundering activities of North Korea's Lazarus Group. The total bounty is worth $140 million, equivalent to 29% of the stolen funds. According to Zhou, the site will aid in tracking the stolen funds, where participants can receive a reward for successfully freezing the assets. Each successful participant will receive 5% of the bounty.
To date, approximately $4.2 million has been awarded to five bounty hunters, including Mantle Network, ZachXBT, Zeroshadow, and Binance. Unfortunately, in the past three days, Lazarus Group has successfully laundered $94.1 million through eXch, a Belize-based cryptocurrency exchange.
On the other hand, to strengthen its position after the hack, Bybit has purchased over 212,100 Ethereum (ETH) worth $574 million through an OTC platform to repay previously borrowed funds.
Bybit Offers $140M Bounty to Combat Lazarus Group
Bybit CEO Ben Zhou announced the launch of the first-ever bounty site to transparently expose the money laundering activities of North Korea's Lazarus Group. The total bounty is worth $140 million, equivalent to 29% of the stolen funds. According to Zhou, the site will aid in tracking the stolen funds, where participants can receive a reward for successfully freezing the assets. Each successful participant will receive 5% of the bounty.
To date, approximately $4.2 million has been awarded to five bounty hunters, including Mantle Network, ZachXBT, Zeroshadow, and Binance. Unfortunately, in the past three days, Lazarus Group has successfully laundered $94.1 million through eXch, a Belize-based cryptocurrency exchange.
On the other hand, to strengthen its position after the hack, Bybit has purchased over 212,100 Ethereum (ETH) worth $574 million through an OTC platform to repay previously borrowed funds.
$BTC $XRP $ETH
Market Experiences Correction Again, What Should Investors Do?
The crypto market has experienced a correction in the past 24 hours due to the US market correction. Bitcoin has dropped, and many altcoins have experienced capitulation. So, what should crypto investors do?
1. Look for Strong Support Possibilities
Observe Bitcoin's strong support and other assets by looking at the weekly chart and other larger timeframes. Before making a purchase, scale in and enter the market gradually. Currently, many assets are oversold across all timeframes, and sentiment is in a state of fear.
2. Avoid Buying the Dip with Leverage
One common mistake traders and investors make is buying the dip using leverage. Be aware that leverage will put a strain on your capital and mental state, potentially leading to significant losses. Stay on spot, especially for beginners.
3. Risk Only 1% for Altcoins
In situations like this, 30% of your remaining liquid capital is crucial. Use this capital to buy the dip for a few coins with attractive narratives. However, remember to risk only 1% for each altcoin you buy, and don't exceed that. There will always be better opportunities in the market.
4. Stay Calm
Understand that corrections are part of the game, and markets don't move in straight lines. Remain optimistic and play more conservatively in the market, as we're nearing the end of this crypto cycle rather than the beginning. The risk is much lower than two years ago when the new cycle started.
Market Experiences Correction Again, What Should Investors Do?
The crypto market has experienced a correction in the past 24 hours due to the US market correction. Bitcoin has dropped, and many altcoins have experienced capitulation. So, what should crypto investors do?
1. Look for Strong Support Possibilities
Observe Bitcoin's strong support and other assets by looking at the weekly chart and other larger timeframes. Before making a purchase, scale in and enter the market gradually. Currently, many assets are oversold across all timeframes, and sentiment is in a state of fear.
2. Avoid Buying the Dip with Leverage
One common mistake traders and investors make is buying the dip using leverage. Be aware that leverage will put a strain on your capital and mental state, potentially leading to significant losses. Stay on spot, especially for beginners.
3. Risk Only 1% for Altcoins
In situations like this, 30% of your remaining liquid capital is crucial. Use this capital to buy the dip for a few coins with attractive narratives. However, remember to risk only 1% for each altcoin you buy, and don't exceed that. There will always be better opportunities in the market.
4. Stay Calm
Understand that corrections are part of the game, and markets don't move in straight lines. Remain optimistic and play more conservatively in the market, as we're nearing the end of this crypto cycle rather than the beginning. The risk is much lower than two years ago when the new cycle started.
$BTC $XRP $ETH
Bitcoin's Dominance Holds at 61% Amid Rising Fear Index
Bitcoin (BTC) has maintained its dominance index at 61%, despite a fear and greed index that has dropped to 29, indicating high fear among cryptocurrency market participants. Bitcoin's price briefly fell to $88,739 in the past 24 hours, causing other altcoins like Ethereum (ETH) and XRP (XRP) to experience significant price drops.
According to Finnhub data, Bitcoin's current price is around $89,894.45, with a 24-hour price change of -5.87%. Meanwhile, Ethereum (ETH) has fallen 12.4% to $2,383, and XRP (XRP) has dropped 13%.
The uncertainty surrounding US President Donald Trump's regulatory stance and Tesla CEO Elon Musk's plans for major changes at the Federal Reserve are believed to be the main causes of the price drops in Bitcoin and other altcoins. Economists warn of the risks of stagflation, low growth, and high inflation, which could have a negative impact on Bitcoin.
Bitcoin's Dominance Holds at 61% Amid Rising Fear Index
Bitcoin (BTC) has maintained its dominance index at 61%, despite a fear and greed index that has dropped to 29, indicating high fear among cryptocurrency market participants. Bitcoin's price briefly fell to $88,739 in the past 24 hours, causing other altcoins like Ethereum (ETH) and XRP (XRP) to experience significant price drops.
According to Finnhub data, Bitcoin's current price is around $89,894.45, with a 24-hour price change of -5.87%. Meanwhile, Ethereum (ETH) has fallen 12.4% to $2,383, and XRP (XRP) has dropped 13%.
The uncertainty surrounding US President Donald Trump's regulatory stance and Tesla CEO Elon Musk's plans for major changes at the Federal Reserve are believed to be the main causes of the price drops in Bitcoin and other altcoins. Economists warn of the risks of stagflation, low growth, and high inflation, which could have a negative impact on Bitcoin.
$BTC $ETH $XRP
Crypto Market Sees $943M Liquidation as Bitcoin Drops to $90,912
The cryptocurrency market witnessed a massive liquidation of $943.77 million in the past 24 hours, with Bitcoin (BTC) plummeting 5% to $90,912 per coin on Tuesday (February 25).
According to Coinglass data, 315,134 traders holding long positions worth $876.17 million were liquidated. Meanwhile, short positions worth $67.60 million were also liquidated.
Bitcoin was the largest cryptocurrency to be liquidated, with $269.75 million worth of positions being closed. Ethereum (ETH) followed closely, with $199.02 million in liquidations. Other assets saw $116.67 million in liquidations.
Bybit was the exchange with the largest liquidations, totaling $418.30 million. Binance and OKX followed, with $220.20 million and $123.62 million in liquidations, respectively.
This massive liquidation event coincided with Strategy's acquisition of 20,356 BTC, worth $1.99 billion, at an average price of $97,514 per BTC on Monday (February 24).
Meanwhile, US President Donald Trump announced that a 25% tariff on Canada and Mexico would continue, and he would make the US rich again. However, it remains to be seen whether these events contributed to the cryptocurrency market's significant decline.
Crypto Market Sees $943M Liquidation as Bitcoin Drops to $90,912
The cryptocurrency market witnessed a massive liquidation of $943.77 million in the past 24 hours, with Bitcoin (BTC) plummeting 5% to $90,912 per coin on Tuesday (February 25).
According to Coinglass data, 315,134 traders holding long positions worth $876.17 million were liquidated. Meanwhile, short positions worth $67.60 million were also liquidated.
Bitcoin was the largest cryptocurrency to be liquidated, with $269.75 million worth of positions being closed. Ethereum (ETH) followed closely, with $199.02 million in liquidations. Other assets saw $116.67 million in liquidations.
Bybit was the exchange with the largest liquidations, totaling $418.30 million. Binance and OKX followed, with $220.20 million and $123.62 million in liquidations, respectively.
This massive liquidation event coincided with Strategy's acquisition of 20,356 BTC, worth $1.99 billion, at an average price of $97,514 per BTC on Monday (February 24).
Meanwhile, US President Donald Trump announced that a 25% tariff on Canada and Mexico would continue, and he would make the US rich again. However, it remains to be seen whether these events contributed to the cryptocurrency market's significant decline.
$SOL $XRP
Expert Says Solana Will Shed "Meme Chain" Label Thanks to ETF
Chris Chung, Co-Founder and CEO of Titan, believes that the approval of Solana's exchange-traded fund (ETF) will be a significant step in changing the blockchain's image from a mere memecoin ecosystem to a more serious financial platform.
With clearer regulations, institutional investors' trust will increase, opening up opportunities for Solana to grow in the digital asset trading and payment sectors. While Solana's dominance in memecoins cannot be denied, especially with the presence of the Pump.fun platform, which has created over 7.5 million tokens and generated revenue of over $550 million, Chung emphasizes that now is the time for Solana to expand further, and ETF approval could be the primary catalyst.
The path to ETF approval has become more tangible as the Securities and Exchange Commission (SEC) begins reviewing Grayscale's Solana ETF application and opens public comments for four related investment products. With an predicted 85% approval chance this year, many are optimistic that this will enhance Solana's credibility in traditional finance.
Expert Says Solana Will Shed "Meme Chain" Label Thanks to ETF
Chris Chung, Co-Founder and CEO of Titan, believes that the approval of Solana's exchange-traded fund (ETF) will be a significant step in changing the blockchain's image from a mere memecoin ecosystem to a more serious financial platform.
With clearer regulations, institutional investors' trust will increase, opening up opportunities for Solana to grow in the digital asset trading and payment sectors. While Solana's dominance in memecoins cannot be denied, especially with the presence of the Pump.fun platform, which has created over 7.5 million tokens and generated revenue of over $550 million, Chung emphasizes that now is the time for Solana to expand further, and ETF approval could be the primary catalyst.
The path to ETF approval has become more tangible as the Securities and Exchange Commission (SEC) begins reviewing Grayscale's Solana ETF application and opens public comments for four related investment products. With an predicted 85% approval chance this year, many are optimistic that this will enhance Solana's credibility in traditional finance.
$BTC $XRP $ETH
US President Donald Trump recently declared that the war against Bitcoin and other cryptocurrencies waged by the Joe Biden administration has ended. In a statement at the FII PRIORITY Summit in Miami Beach, Trump said he had signed an executive order to ensure America remains a leader in artificial intelligence and ends the war on Bitcoin and crypto.
Trump also highlighted that many people were charged without reason, indicating unfairness in the legal actions. Additionally, he announced the formation of a working group to develop a new regulatory framework for digital assets, including a ban on central bank digital currencies.
This move reflects his commitment to making the US a global hub for crypto innovation. With support from pro-crypto Congress members, Trump seeks to leverage this momentum to strengthen the US position in the crypto industry and attract more investment to the digital market.
US President Donald Trump recently declared that the war against Bitcoin and other cryptocurrencies waged by the Joe Biden administration has ended. In a statement at the FII PRIORITY Summit in Miami Beach, Trump said he had signed an executive order to ensure America remains a leader in artificial intelligence and ends the war on Bitcoin and crypto.
Trump also highlighted that many people were charged without reason, indicating unfairness in the legal actions. Additionally, he announced the formation of a working group to develop a new regulatory framework for digital assets, including a ban on central bank digital currencies.
This move reflects his commitment to making the US a global hub for crypto innovation. With support from pro-crypto Congress members, Trump seeks to leverage this momentum to strengthen the US position in the crypto industry and attract more investment to the digital market.
$BTC $XRP
El Salvador Opens Special Bitcoin Book Room in National Library
El Salvador, the first country to legalize Bitcoin (BTC), has inaugurated a new national library called La Biblioteca Nacional de El Salvador (Binaes). President Nayib Bukele launched the Binaes National Library to promote education in the country, especially after the International Monetary Fund (IMF) removed Bitcoin's status as a legitimate payment method.
Although the library building was inaugurated in late 2023, they are now building a new room dedicated to cryptocurrency books, especially Bitcoin. The new library room will feature curated books on Bitcoin by an education expert from Pupusas Game. Visitors will also be able to see a functioning Lightning node, the main network operating on the Bitcoin network.
The project is supported by El Salvador developer Mario Flamenco, part of the National Bitcoin Office team. The front of the new Bitcoin library room features a large Bitcoin logo. With Binaes, this new national library room becomes the first in the world to offer books about Bitcoin.
El Salvador Opens Special Bitcoin Book Room in National Library
El Salvador, the first country to legalize Bitcoin (BTC), has inaugurated a new national library called La Biblioteca Nacional de El Salvador (Binaes). President Nayib Bukele launched the Binaes National Library to promote education in the country, especially after the International Monetary Fund (IMF) removed Bitcoin's status as a legitimate payment method.
Although the library building was inaugurated in late 2023, they are now building a new room dedicated to cryptocurrency books, especially Bitcoin. The new library room will feature curated books on Bitcoin by an education expert from Pupusas Game. Visitors will also be able to see a functioning Lightning node, the main network operating on the Bitcoin network.
The project is supported by El Salvador developer Mario Flamenco, part of the National Bitcoin Office team. The front of the new Bitcoin library room features a large Bitcoin logo. With Binaes, this new national library room becomes the first in the world to offer books about Bitcoin.
$TRX
Justin Sun Urges Argentine President to Return LIBRA Victims' Funds
Tron (TRX) founder Justin Sun has called on Argentine President Javier Milei to return the funds of investors affected by the LIBRA cryptocurrency. The memecoin's value plummeted 60% after its developers withdrew $87 million in USDC and Solana (SOL).
According to Sun, Milei is responsible for the incident and should urge the perpetrators to return the investors' funds and hold them accountable under the law.
"I highly respect President Milei. I believe you must take responsibility for this issue by urging the perpetrators to return the victims' funds and seeking accountability under the law," Sun wrote on the X platform.
He added that protecting investors' rights is a serious task that requires seriousness in responding to its violations.
As previously reported, Milei promoted the LIBRA memecoin, claiming it would fund Argentina's economic growth. However, the token's value collapsed after its developers withdrew their funds, indicating a rug pull or market manipulation that harmed many investors.
Justin Sun Urges Argentine President to Return LIBRA Victims' Funds
Tron (TRX) founder Justin Sun has called on Argentine President Javier Milei to return the funds of investors affected by the LIBRA cryptocurrency. The memecoin's value plummeted 60% after its developers withdrew $87 million in USDC and Solana (SOL).
According to Sun, Milei is responsible for the incident and should urge the perpetrators to return the investors' funds and hold them accountable under the law.
"I highly respect President Milei. I believe you must take responsibility for this issue by urging the perpetrators to return the victims' funds and seeking accountability under the law," Sun wrote on the X platform.
He added that protecting investors' rights is a serious task that requires seriousness in responding to its violations.
As previously reported, Milei promoted the LIBRA memecoin, claiming it would fund Argentina's economic growth. However, the token's value collapsed after its developers withdrew their funds, indicating a rug pull or market manipulation that harmed many investors.
Argentina's President Javier Milei Faces Impeachment Threat After Promoting LIBRA Token
Argentina's President Javier Milei recently promoted the LIBRA token on social media, sparking controversy and potential impeachment. According to CoinMarketCap, the token's price plummeted 60% after developers withdrew $87 million in USDC and Solana (SOL).
Milei initially claimed the token would fund Argentina's economic growth, particularly for small businesses and startups. However, following clarification, Argentine Congress members threatened to impeach Milei, citing international embarrassment.
Congressman Leandro Santoro stated that the incident raised concerns about a potential "rug pull," where developers artificially inflate the token's value before selling their assets, leaving investors with worthless tokens.
The threat of impeachment is not unprecedented, as seen in the case of Venezuela's president, who was impeached in 1993 for misusing public funds.
Argentina's President Javier Milei recently promoted the LIBRA token on social media, sparking controversy and potential impeachment. According to CoinMarketCap, the token's price plummeted 60% after developers withdrew $87 million in USDC and Solana (SOL).
Milei initially claimed the token would fund Argentina's economic growth, particularly for small businesses and startups. However, following clarification, Argentine Congress members threatened to impeach Milei, citing international embarrassment.
Congressman Leandro Santoro stated that the incident raised concerns about a potential "rug pull," where developers artificially inflate the token's value before selling their assets, leaving investors with worthless tokens.
The threat of impeachment is not unprecedented, as seen in the case of Venezuela's president, who was impeached in 1993 for misusing public funds.
Top Officials Launch Memecoins: What's the Impact on the Market?
As Donald Trump launched $TRUMP ahead of his US presidential inauguration, and Argentine President Javier Milei recently launched $LIBRA, which plummeted over 99% in 24 hours, the market is wondering: what's the impact of top officials launching memecoins?
#1 Liquidity Gets Drained.
The launch of memecoins affiliated with top officials will cause FOMO, draining liquidity from the market and causing prices to drop as investors sell their assets to chase the pump.
#2 Bad Actors Thrive.
Developers and insiders affiliated with the token launch will profit 100%, while 99% of buyers will incur losses. Insiders who received early information have made tens of millions of dollars from these launches, giving rise to bad actors in the crypto industry.
#3 FOMO for Future Launches.
This will create FOMO among other top officials to launch their own tokens, flooding the market with worthless tokens that rely on hype and fame.
#4 Bad Outlook for the Crypto Industry.
The launch of tokens by top officials, followed by their immediate collapse, will lead to the crypto industry being blamed again. The public won't blame the powerful officials but instead will blame crypto, a technology exploited by bad actor.$XRP $BTC
As Donald Trump launched $TRUMP ahead of his US presidential inauguration, and Argentine President Javier Milei recently launched $LIBRA, which plummeted over 99% in 24 hours, the market is wondering: what's the impact of top officials launching memecoins?
#1 Liquidity Gets Drained.
The launch of memecoins affiliated with top officials will cause FOMO, draining liquidity from the market and causing prices to drop as investors sell their assets to chase the pump.
#2 Bad Actors Thrive.
Developers and insiders affiliated with the token launch will profit 100%, while 99% of buyers will incur losses. Insiders who received early information have made tens of millions of dollars from these launches, giving rise to bad actors in the crypto industry.
#3 FOMO for Future Launches.
This will create FOMO among other top officials to launch their own tokens, flooding the market with worthless tokens that rely on hype and fame.
#4 Bad Outlook for the Crypto Industry.
The launch of tokens by top officials, followed by their immediate collapse, will lead to the crypto industry being blamed again. The public won't blame the powerful officials but instead will blame crypto, a technology exploited by bad actor.$XRP $BTC
$BTC $XRP
Man Wants to Buy Entire Landfill to Find Lost Bitcoin Wallet Worth $872 Million
James Howells, a man who lost a Bitcoin (BTC) hard wallet worth $872 million, wants to buy the landfill site where the hard wallet was last known to be. Howells' frustration has grown since the UK Court closed the case of his lost 8,000 Bitcoins and ruled that the Bitcoins belong to the Newport City Council.
"I'm interested in buying the landfill site," said Howells. His statement came after he expressed concern that the landfill would soon be closed by the city council this fiscal year and replaced with a solar power plant.
To date, the IT expert has been frustrated because the Newport City Council has repeatedly rejected excavating the landfill, despite Howells suggesting the use of artificial intelligence (AI) technology to find the hard drive without burdening the national tax. However, officials say that excavating the landfill or digging up waste could have a significant negative impact on the environment.
Additionally, Howells' 8,000 Bitcoins are currently valued at $872.91 million, with an all-time high price of $109,114.
Man Wants to Buy Entire Landfill to Find Lost Bitcoin Wallet Worth $872 Million
James Howells, a man who lost a Bitcoin (BTC) hard wallet worth $872 million, wants to buy the landfill site where the hard wallet was last known to be. Howells' frustration has grown since the UK Court closed the case of his lost 8,000 Bitcoins and ruled that the Bitcoins belong to the Newport City Council.
"I'm interested in buying the landfill site," said Howells. His statement came after he expressed concern that the landfill would soon be closed by the city council this fiscal year and replaced with a solar power plant.
To date, the IT expert has been frustrated because the Newport City Council has repeatedly rejected excavating the landfill, despite Howells suggesting the use of artificial intelligence (AI) technology to find the hard drive without burdening the national tax. However, officials say that excavating the landfill or digging up waste could have a significant negative impact on the environment.
Additionally, Howells' 8,000 Bitcoins are currently valued at $872.91 million, with an all-time high price of $109,114.
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