Bridgewater Fund founder: Bitcoin may be part of the future stable supply of alternative currencies
Ray Dalio, the founder of Bridgewater Associates, issued a warning to the Trump administration, stating that if they do not commit to reducing the deficit now, they will face a major debt crisis risk within three years. When discussing the risk of currency devaluation, Dalio said that investors should consider "what is the stable alternative currency supply? Bitcoin may be a part of it, maybe a large part of it." Dalio likes Bitcoin as a safe haven because it is different from real estate, it is not restricted, and it is not easily seized or taxed.
2025-01-01 21:00:00SHARE
Crypto Analyst: Stablecoin Circulation Key Metric for Blockchain Legitimacy
Crypto security analyst and Paradigm adviser ZachXBT emphasized the importance of assessing the legitimacy of blockchain networks by looking at the circulation of stablecoins from major issuers like Circle, Tether, and Paxos. Following US President Donald Trump's announcement on March 2 about including certain digital assets in the country's strategic crypto reserves, ZachXBT pointed out that the presence of stablecoins from these issuers is a strong indicator of legitimacy. He highlighted that neither Cardano nor the XRP Ledger currently host major stablecoins, suggesting that if there was value to capture, the stablecoin issuers would have integrated their stablecoins into these networks. Additionally, ZachXBT noted that addresses linked to Ripple co-founder Chris Larsen still hold a significant amount of XRP, with the potential for continued selling off of the holdings.
2025-01-01 21:00:00SHARE
STRATEGY files to issue up to $21 billion of preferred stock
STRATEGY applied to issue preferred shares worth as much as $21 billion. The issuance is aimed at raising funds for general purposes, including potential Bitcoin acquisitions.
2025-01-01 21:00:00SHARE
Analysis: XRP whales sell off heavily, with the recent daily volume exceeding $120 million
On March 3rd, according to crypto analyst Miles Deutscher's post on X platform, XRP whales are selling tokens at record levels. Since November 2024, when the price rose by over 500%, large holders have been actively selling, indicating a phase of heavy distribution for XRP. Based on the Crypto Quant data in the accompanying image, the 90-day average line for XRP shows that recently, XRP whales have been selling off at volumes as high as $120 million to $180 million in a single day.
2025-01-01 21:00:00SHARE
Cryptocurrency trader turns $2,000 into $43 million with Pepe memecoin
A cryptocurrency trader with foresight reportedly transformed an investment of $2,000 into more than $43 million by capitalizing on the memecoin Pepe at its peak value, despite the token's high volatility and lack of underlying technical worth. The trader achieved a remarkable return on investment of over 4,700 times on the popular frog-themed Pepe (PEPE) cryptocurrency, as per blockchain intelligence platform Lookonchain. Lookonchain stated, "This original investor only spent $2,184 to acquire 1.5 trillion $PEPE ($43 million at its peak) in the early stages. After selling 1.02 trillion $PEPE for $6.66 million, they were left with 493 billion $PEPE ($3.64 million) and a total profit of $10.3 million (4,718 times)." Source: Lookonchain.
2025-01-01 21:00:00SHARE
Peter Schiff to launch personal strategic Bitcoin reserve plan following US government example
Economist and cryptocurrency critic Peter Schiff announced on X platform that he is imitating the US government's launch of the Personal Strategic Bitcoin Reserve Plan, and is following the example of adopting a budget-neutral strategy to obtain bitcoins (accepting donations) without increasing costs, and has received 0.055 BTC so far.
2025-01-01 21:00:00SHARE
BTC breaks through $93,000
The market showed that BTC broke through $93,000 and is now trading at $93,029.08, with a 24-hour increase of 8.1%. The market is highly volatile, so please manage your risks carefully.
2025-01-01 21:00:00SHARE
A whale transferred 37,000 ETH to Binance 40 minutes ago, making a profit of 38.06 million US dollars
According to on-chain data analyst Yu Jin's monitoring, a whale/institutional address that hoarded 40,000 ETH in September 2022 emptied the address 40 minutes ago and transferred 37,000 ETH (86.94 million USD) to Binance.
2025-01-01 21:00:00SHARE
Investors Turn to Stablecoins and Tokenized Real-World Assets Amid Trump Tariff Announcement
2025-01-01 21:00:00SHARE
MicroStrategy Announces Plan to Raise $21 Billion for Bitcoin Purchases
Strategy, the largest public corporate holder of Bitcoin in the world, led by Michael Saylor, is seeking to raise up to $21 billion in fresh capital for the purpose of acquiring more BTC. On March 10, Strategy officially announced a new sales agreement that will enable the firm to issue and sell shares of its 8% Series A perpetual strike preferred stock to raise funds for various corporate needs, including potential Bitcoin purchases. Under the agreement, known as the "ATM Program," Strategy plans to conduct sales in a methodical manner over an extended period, considering the trading price and volumes of the perpetual strike preferred stock at the time of sale. The firm stated in a filing with the SEC that the net proceeds from the ATM Program will be used for general corporate purposes, including the acquisition of Bitcoin and for working capital. Strategy currently holds 499,096 BTC valued at $41.2 billion, which it acquired for $33.1 billion at an average price of $66,423 per BTC. The company had previously revealed intentions to issue and sell shares of its class A common stock to raise $21 billion in equity and $21 billion in fixed-income securities over the next three years as part of its "21/21 plan" to increase its Bitcoin holdings. This is a developing story, and more details will be provided as they become available. Magazine: Kain Warwick from Infinex predicts that the crypto industry has 4 years to grow to a size where it cannot be easily shut down.
2025-01-01 21:00:00SHARE
Bitriver Deputy General Manager: Russia may establish cryptocurrency reserves within 1-3 years
As reported by TASS, Oleg Ogienko, deputy general manager of Bitriver, a Russian cryptocurrency mining data center operator and mining equipment importer, said that Russia may establish a cryptocurrency reserve within 1-3 years, provided that corresponding regulatory conditions are already in place domestically. Ogienko pointed out: "First, it is necessary to establish and regulate the security infrastructure for the storage and circulation of digital currencies domestically. These infrastructures have begun to emerge, but are currently in a closed environment." He believes that by establishing such reserves, the Russian financial system can gain additional momentum in modernization through the adoption of cutting-edge technologies, and the formation of cryptocurrency reserves has become a strengthening trend in the global financial markets this year.
2025-01-01 21:00:00SHARE
Singapore Exchange (SGX) to Debut Bitcoin Perpetual Futures in Second Half of 2025
Singapore Exchange (SGX), the largest exchange group in Singapore, is reportedly planning to launch Bitcoin perpetual futures in the second half of 2025. According to Bloomberg, SGX aims to introduce Bitcoin (BTC) perpetual futures for institutional and professional investors to increase institutional market access. A spokesperson from SGX mentioned that the company is anticipating to provide a reliable option for trading cryptocurrency futures with its Aa2 rating from Moody's Ratings. SGX's proposed Bitcoin products are currently awaiting approval from the Monetary Authority of Singapore (MAS) and are designed to be exclusive to institutional investors, as per the report. Bitcoin perpetual futures are a type of cryptocurrency derivative that enables investors to trade based on the value derived from the price of an underlying cryptocurrency without needing to hold the asset.
2025-01-01 21:00:00SHARE
Altcoins Surge as Trump Includes ADA, SOL, and XRP in US Crypto Reserve
Several alternative cryptocurrencies have outperformed the overall market, with Bitcoin experiencing a significant rebound above $90,000 due to positive news on crypto adoption in the United States. Cardano's (ADA) token saw the biggest increase among the top 100 cryptocurrencies, rising over 43% in a 24-hour period to trade above $0.95. Solana (SOL) and XRP also experienced notable gains, with XRP rising over 15% and SOL nearly 12% on the daily chart, surpassing Bitcoin's 7.3% intraday rise. The rally was attributed to US President Donald Trump's directive to include ADA, SOL, and XRP in the US crypto strategic reserve, as well as strong community support for these altcoins. This recovery in the crypto market may indicate the end of the previous market capitulation, as reported by Cointelegraph on Feb. 20. Trump's announcement regarding the inclusion of ADA, SOL, and XRP in the potential US crypto reserve could mark a significant turning point for these altcoins, suggesting a broader plan beyond Bitcoin and emphasizing US-based crypto projects. Trump reiterated his commitment to establishing a national Bitcoin stockpile during his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee.
2025-01-01 21:00:00SHARE
Strategy increased its holdings by 22,048 BTC, and its total holdings now reach 528,185 BTC
Michael Saylor, the founder of Strategy, announced that Strategy has increased its holdings of 22,048 BTC, worth $1.92 billion, bringing the total holdings to 528,185 BTC.
2025-01-01 21:00:00SHARE
XRP Price Surges Against Ether, Fueling Speculation of Market Cap Flip
Over the weekend, the price of XRP (XRP) compared to Ether (ETH) reached its highest level in five years, continuing its recovery. On March 15, the XRP/ETH pair hit 0.00128 ETH for the first time since April 2020, marking a 925% rebound from its all-time low in June 2024 and around 620% gains since November 2024. Market watchers are speculating that XRP could surpass Ether to become the second-largest cryptocurrency by market capitalization, with historical resistance levels indicating potential for significant rallies. XRP's market dominance has increased significantly since November 2024, while Ethereum has seen a decline in market share due to regulatory sentiment and competition from other blockchains like Solana.
2025-01-01 20:00:00SHARE
Canaan Technology: The total amount of Bitcoin held has reached 1,355
NASDAQ-listed company Canaan Technology has released an update on its Bitcoin mining operations for February 2025 and disclosed the unaudited financial settlement for the fourth quarter ending on December 31, 2024. It revealed that the company holds a total of 1355 bitcoins, has achieved a fully operational hash rate of 0.93 EH/s since February this year, and is expected to generate approximately $89 million in total revenue for the fourth quarter of 2024.
2025-01-01 20:00:00SHARE
CZ unpinned Mubarak and Inshallah related tweets
according to X platform, CZ has cancelled the previous Mubarak, Inshallah related elements pinned tweets.
2025-01-01 20:00:00SHARE
Uber and Robinhood early investors: Bitcoin has been monopolized by some giants and now needs a "reboot"
Jason Calacanis, an early investor in Uber and Robinhood and a well-known angel investor, wrote on X platform that Bitcoin has been monopolized by some giants in the market, and now is the best time to build a better Bitcoin. "The game needs to be restarted." However, Jason Calacanis's views seem to have sparked different opinions in the industry. Brady Swenson, co-founder of Swan Bitcoin, said that Bitcoin is a technological revolution that changes all industries, rather than following a single technology adoption curve like the iPad. Bitcoin as a value transfer protocol will never be replaced, but the competition for second-layer protocols continues.
2025-01-01 20:00:00SHARE
Crypto ETPs Experience Record $2.9 Billion Weekly Sell-Off
Cryptocurrency exchange-traded products (ETPs) saw a significant sell-off last week, with outflows hitting a record $2.9 billion, marking the largest weekly decline in history. According to CoinShares, global crypto ETPs have experienced $3.8 billion in outflows over the past three weeks. The sell-off was influenced by various factors such as the $1.5 billion Bybit hack, hawkish comments from the US Federal Reserve, and a 19-week streak of inflows totaling $29 billion. Bitcoin suffered the most outflows, while Sui saw the highest inflows among ETPs last week. ETPs based on XRP also experienced significant inflows. Ethereum ETPs witnessed $300 million in outflows, despite monthly inflows reaching $490.3 million. The total assets under management in crypto ETPs dropped to $138.8 billion after peaking at $173 billion in January. This is an ongoing story, and more updates will be provided as they become available.
2025-01-01 20:00:00SHARE
CZ spent 1 BNB each to buy 9161 TST and 20155 mubarak in the past 15 minutes
according to on-chain analyst @ai_9684xtpa monitoring, CZ spent 1 BNB each in the past 15 minutes to buy 9161 TST and 20155 mubarak, worth $1200; as a result, both TST and mubarak saw different degrees of increase.
2025-01-01 20:00:00SHARE
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