Author: John Smith

Dubai’s regulator is planning to introduce new rules requiring crypto business to disclose names of large holders. Crypto investors holding large sums in Dubai could soon have their identities revealed to authorities as part of a new push to protect consumers in the city’s growing virtual asset market. The Virtual Assets Regulatory Authority plans to require licensed crypto issuers and service providers to disclose the names of major crypto holders, or “whales,” especially if most tokens are owned by a creator or institution. VARA’s boss Matthew White explained in an interview with The Standard that the move could help investors…

The crypto market has lost over $325 billion since Friday, with almost half of that wiped out in the last 24 hours. According to The Kobeissi Letter, the crypto market cap has shed over $325 billion since Friday. Within the last 24 hours alone, approximately $150 billion has been liquidated, with $100 billion erased in just one hour today. The sell-off has affected nearly all crypto assets, including memecoins. Analysts at The Kobeissi Letter trace the beginning of the downturn to Solana (SOL), which has crashed 22% since Friday as the memecoin frenzy cooled off. Source: The Kobeissi Letter Then,…

Bithumb, one of South Korea’s leading crypto exchanges, is set to add Ethena to its Korean Won market today. According to Bithumb’s official announcement, trading for Ethena (ENA) will begin at 6:00 PM KST on Tuesday, Feb. 25, 2025. Deposits and withdrawals will open within three hours of the notice, but only on the Ethereum network. Ethena will have an initial price of 536 krw, and traders must wait for 33 deposit confirmations before transactions can be processed. Bithumb has also put some temporary restrictions in place for the launch. Buyers won’t be able to place orders in the first…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Catzilla is the latest meme coin gaining attention, with a presale structure that could offer significant returns as it progresses through 14 stages. In the vibrant world of cryptocurrencies, where market dynamics constantly shift, there’s a buzz about a new potential breakout. Crypto enthusiasts and seasoned traders are keenly observing a digital asset that promises astounding returns. As the market rallies, the focus is now on Catzilla, a promising contender that experts predict may soar exponentially. The opportunities it…

Solana has suffered a sharp decline, dropping to its lowest level since November as selling pressure keeps mounting ahead of a major token unlock. As of the time of writing, Solana (SOL) is sitting at $135 mark, down by 15% in just one day. On the weekly and monthly timeframes, it has declined by 17% and 56% respectively, according to crypto.news. This marks Solana’s lowest price since mid-October. The price crash comes despite growing institutional interest in SOL, with asset managers like Franklin Templeton and VanEck recently filing for Solana exchange-traded funds. This downturn in Solana’s price can be tied…

South Korean crypto exchange Upbit faces a three-month suspension on new user transfers following violations of local regulations. One of the largest Korean crypto exchanges Upbit has been hit with a three-month suspension on new user transfers by the the Financial Services Commission due to violations of multiple financial regulations, South Korean newspaper JoongAng Ilbo has learned. The limitations come as response due to the exchange’s failure to comply with trading restrictions, customer verification duties, and obligations to report suspicious transactions, the report reads. Along with the suspension, the Korean financial watchdog also issued a warning to Dunamu’s CEO, Upbit’s…

U.S. spot Bitcoin ETFs saw a big spike in net outflows on Feb. 24, with most of it coming from Fidelity and BlackRock’s funds as market sentiment turned sour. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $516.41 million in outflows on Monday, a surge of over 700% from the previous day’s $62.77 million, making it the worst single-day outflow since Jan. 8. Fidelity’s FBTC took the biggest hit, losing $246.96 million, followed by BlackRock’s IBIT, which saw $158.59 million in redemptions. Notably, none of the ETFs recorded any inflows that day, signaling a strong wave of…

The crypto market is in a state of widespread panic as total crypto liquidations reached over $1.30 billion in the span of 24 hours. Traders on X are accusing exchanges of ‘capping’ long liquidations and manipulating the market. According to data from Coinglass, in the past 24 hours, 367,789 traders saw their long and short positions liquidated, with total liquidations coming up to $1.34 billion. So far, the largest single liquidation order happened on Binance – BTCUSDT, with a transaction value of $20.80 million. In the past 8 hours, at least $235 billion has been wiped off the crypto market…

Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.78% drop that pushed its price down to $87,630 as of press time. In an X post on Feb. 25, Matrixport analysts warn the slippage could lead to further declines, especially with low trading activity limiting demand for dip-buying. “The likelihood of a deeper decline is increasing, particularly since this break is occurring during a period of low trading activity, which may result in limited demand to buy…

The Bybit hacker has laundered 100,000 ETH, about $250 million, just four days after executing the largest cryptocurrency heist. According to a Feb. 26 post on X by blockchain analytics firm Spot On Chain, the hacker who stole 499,000 Ethereum (ETH) from Bybit’s cold wallet has been splitting the funds into smaller chunks and transferring them between several addresses. Hacker has been utilizing THORChain (RUNE) to make cross-chain swaps into Bitcoin (BTC), Dai (DAI), and other assets. The attacker still holds 399,000 ETH, a figure that surpasses ETH held by both The Ethereum Foundation and Vitalik Buterin, one of Ethereum’s…