Bybit CEO: 77% of Stolen Funds Still Traceable, 20% Untraceable, and 3% Frozen (Approximately $1.2B ETH Hack) 💰Coin: ETH ( $ETH ) $2,094.17
As the implications of recent tariff threats from the Trump administration unfold, the U.S. financial markets are positioning themselves for potential volatility. Notably, the S&P 500 index has declined approximately
The post Why Ethereum Price is Down Today? How Low Will ETH Price Crash? appeared first on Coinpedia Fintech News Bitcoin and other major cryptocurrencies fell on Tuesday as optimism around the proposed US Crypto Strategic Reserve faded. The drop also coincided with rising trade tensions, as President Trump confirmed that tariffs on Canada, Mexico, and China would go into effect in hours. Amidst a broader market downturn, Ether (ETH) is hitting levels not seen since November 2023, as volatility from U.S. President Trump’s trade war threat continues to impact the market. ETH has dropped 15% in the last 24 hours. Its market cap also witnessed a decline over 13% to $252.89 billion. After a brief spike above $2,500 following Trump’s crypto reserve announcement, Ethereum has now collapsed to $2,050, erasing all its weekend gains. Ether’s Lackluster Performance Ether has seen a decline over the past three months, largely due to negative investor sentiment and underperformance compared to Bitcoin. Additionally, weak institutional demand and broader macroeconomic factors like fears over the trade war, concerns about inflation, and ongoing stock market weakness have contributed to a decrease in risk appetite among investors. All of these factors together have weighed heavily on Ether’s price. Its Open interest has dropped over 10.8% to $18.8 billion, while 24-hour liquidations have surged to $209 million, according to Coinglass data. Meanwhile, Polymarket bettors are forecasting a 76% chance of ETH reaching $1,900 by the end of the month. Ether ETF Outflows Add To the Plight Additionally, Ether ETFs experienced significant outflows last week, totaling $335 million, adding to the overall bearish sentiment. BlackRock’s iShares Ethereum Trust (ETHA) was hit the hardest, with more than $164 million leaving the fund since February 24. The price of ETHA shares has also fallen sharply, dropping over 38.6% since the start of 2025 to $16.09. This indicates a complete loss of institutional interest in Ethereum, erasing all the gains it made after the US election. Worst Quarter In ETH’s History? The ETFs are now down 40% since their launch eight months ago and 49% below their highs in December 2023. “The worst part for investors is that ETH still has a long way to fall,” noted Peter Schiff. With a 36% drop in ETH’s price since the start of 2025, this could become the worst-performing Q1 in its history. Analyst Venturefounder pointed out that a drop to $1,600 would make this the worst quarter in Ethereum’s history, worse than the decline in Q1 2018 after the previous cycle’s peak. However, despite Ethereum’s current drop to $2,000, market analysts believe it presents a buying opportunity for investors.
The post Why Crypto Is Crashing Today: Will Crypto Summit 2025 Ignite a Bull Run? appeared first on Coinpedia Fintech News The crypto market today has been struggling through the rough winds, amidst liquidity concerns, and CME gaps. The turbulence has led to the market cap of the business sinking by 10.62% to $2.75 trillion. Investors are now hopeful of the “Crypto Summit” scheduled on March 07th, to ignite a bull run. Bitcoin Price Now Stands at $84k! Market dominance comes at a cost, and Bitcoin has taken the brunt of the larger market turmoil. After dropping to a 24-hour low of $82,467.24 from its intraday peak of 93,664.05, BTC is currently changing hands at $84,033.44. The 9% price spike, despite the $1 billion liquidations, entrusts hope of Bitcoin’s comeback in the very short term. Talking about other metrics, BTC’s market cap currently stands at $1.84 trillion, with daily volumes spiking up by 14.15% to $76.01 billion. For a sneak peek into BTC’s future price, read our Bitcoin Price Prediction 2025, 2026-2030! Altcoins Tumble Amid Strong Headwinds Ethereum has faced a steep price drop of 13.95%, with a face value of $2,101.58. And Ethereum’s direct rivals Solana and XRP have also taken heavy hits, losing 18.86% and 16.55%, respectively. Interested in decoding XRP’s future price trend? Check out our Ripple (XRP) Price Prediction 2025, 2026-2030! Top Gainers: PI: +3.49% to $1.74 XAUt: +0.94% to $2,883.68 PAXG: +0.79% to $2,888.99 Top Losers: Sonic: -24.37% to $0.544 ADA: -23.79% to $0.8114 TRUMP: -22.83% to $12.36 Subscribe to us, for timely updates on crypto news and crypto prices! FAQs How much does 1 BTC cost today? At the time of writing, 1 Bitcoin is trading at $84,033.44. Which tokens have surged the highest today? Pi, XAUt, and PAXG have recorded the highest gains today, rising by 3.49%, 0.94%, and 0.79%, respectively. How has Ethereum performed today? Ethereum price has dropped 13.95% in the past 24 hours, trading at $2,101.58.
Kraken has announced a significant breakthrough as the U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit with prejudice. This decisive action means that Kraken will face no penalties, no changes to its business operations, and no admission of wrongdoing. The case, initially filed in November 2023 for allegedly mishandling customer funds … Continue reading "Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice" The post Kraken Scores Big: SEC Dismisses Lawsuit With Prejudice appeared first on Cryptoknowmics-Crypto News and Media Platform .
Nasdaq submitted a filing for Grayscale's Hedera ETF to the SEC. Hedera and Litecoin are considered top contenders for ETF approval. Continue Reading: Spot Hedera ETF Approval Sparks Excitement in Cryptocurrency Market The post Spot Hedera ETF Approval Sparks Excitement in Cryptocurrency Market appeared first on COINTURK NEWS .
The U.S. Securities and Exchange Commission’s new cryptocurrency task force will kick off a series of roundtables this month to clarify the “security status” of digital assets. Dubbed the “Spring Sprint Toward Crypto Clarity,” the series will begin on March 21 with a discussion titled “How We Got Here and How We Get Out – Defining Security Status,” a March 3 SEC press release from the agency said. The event will take place at the SEC’s Washington, D.C., headquarters and will be open to the public, though space for in-person attendance is limited. The roundtables are part of a broader push by the SEC’s Crypto Task Force, launched in January by Acting Chair Mark Uyeda. Led by Commissioner Hester Peirce, the task force aims to bring some much-needed clarity to crypto regulations. According to Peirce, these roundtables are all about “drawing on the expertise of the public” to help shape a regulatory framework that actually makes sense for crypto. She called these sessions an “important part” of the SEC’s engagement with the industry. The SEC has fast-tracked efforts to clarify the security status of crypto assets just days after House Democrats introduced the MEME Act , a bill that blocks federal officials from launching, endorsing, or promoting digital assets, with criminal and civil penalties for violations. You might also like: U.S. SEC ends probe into Bored Apes NFTs creator Yuga Labs On the same day, the SEC’s Division of Corporation Finance weighed in on whether meme coins fall under federal securities laws, ultimately concluding that they don’t meet the definition of security under the Howey test. However, the agency stressed that its stance isn’t legally binding but rather a staff interpretation with “no legal force or effect.” As previously reported by crypto.news, the SEC has also unveiled its list of members for its Crypto Task Force, which includes staff from Acting Chairman Mark Uyeda’s office, along with representatives from multiple divisions within the agency. Michael Selig, a former partner at Willkie Farr & Gallagher who’s worked on crypto, NFTs, and stablecoins, is taking on the role of chief counsel. Peirce’s former policy counsel, Sumeera Younis, will run operations, and other key figures include Richard Gabbert, Taylor Asher, and Landon Zinda, who all bring different regulatory and policy expertise to the table. Former CFTC chair and Willkie senior counsel Chris Giancarlo voiced his support for Selig’s new role in a March 3 X post, calling him a “protégé” and expressing excitement about the team’s direction. Read more: SEC to drop lawsuit against Kraken
Major US asset management firm Grayscale Investments has filed a 19b-4 application with the US Securities and Exchange Commission (SEC) to list and trade the Hedera ETF. On behalf of Grayscale, the Nasdaq Stock Exchange filed a 19b-4 filing for the Hedera ETF product. If approved, the Hedera ETF would trade on the Nasdaq exchange, like Grayscale’s other funds. Key details about the fund, such as the custodian chosen for the Hedera ETF, have not been disclosed. However, it has been reported that Coinbase, which is Grayscale’s choice for Bitcoin and Ethereum ETFs GBTC and ETHE, could be chosen as the custodian. Canary Capital led the HBAR filings last week by filing for an HBAR ETF. This is not Grayscale's first ETF application for altcoins, as it has previously applied for ETFs for Cardano (ADA), Dogecoin (DOGE), Solana (SOL), and XRP. Apart from popular altcoins, ETF applications have also been made for popular memecoins such as TRUMP, MELANIA, and BONK. According to Bloomberg analysts, while approval rates for XRP, Solana, and Litecoin ETFs remain high, the likelihood of memecoin ETFs receiving approval still remains uncertain. *This is not investment advice. Continue Reading: Grayscale Makes a New Move! ETF Application Made for a Surprise Altcoin!
President Donald Trump incited a $300 billion crypto market pump on Monday following the announcement of a US crypto reserve. The same Donald Trump has now induced a $300 billion crypto market dump as his trade tariffs come into effect on March 4. Total market capitalization has crashed almost 14% over the past 36 hours or so in a plunge to $2.82 trillion from over $3.2 trillion on Sunday evening. The move has wiped out all brief gains from the pump that followed his crypto reserve announcement on March 2. Coinglass reported that more than 311,000 traders were liquidated in the past 24 hours to the tune of just over a billion dollars. Trump Pump and Dump “Trump pumped it with a tweet. Trump dumped it with his tariffs. All his doing. Sad but true,” commented economist Alex Krüger on X. Meanwhile, trader and analyst ‘DonAlt’ said he guessed people came to the realization that Trump “is probably not gonna be able to push this through Congress overnight.” “Tomorrow, tariffs — 25% on Canada and 25% on Mexico,” Trump said during a press conference at the White House on March 3. “And that’ll start… What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs,” he added. Trump also signed an executive order on Monday raising tariffs on imports from China to 20%, up from 10%. The Trump dump has also hammered stock markets, with the S&P 500 erasing a whopping $1.5 trillion in market cap. What just happened? The Dow just went from being up +300 points at the open to falling as much as -1,100 points in hours. Between 10:00 AM and 3:30 PM ET, the S&P 500 erased a whopping $1.5 trillion in market cap. Here’s exactly what you need to know. (a thread) pic.twitter.com/nQpKOlrihB — The Kobeissi Letter (@KobeissiLetter) March 3, 2025 Bitcoin Dumps Below $83K Bitcoin dumped to an intraday low of $82,864 during early trading in Asia on Tuesday, shedding almost 12% in little over a day. Meanwhile, the BTC fear and greed index had fallen back into extreme fear. Bitcoin Fear and Greed Index is 15 — Extreme Fear Current price: $86,273 pic.twitter.com/POoRvfOjp3 — Bitcoin Fear and Greed Index (@BitcoinFear) March 4, 2025 Ethereum has been smashed again, falling lower than previously to just over $2,000, its lowest level since November 2023. Even the altcoins mentioned in Trump’s crypto reserve had lost most of their gains within 24 hours. The crypto market dump has also closed a massive $10,000 CME Bitcoin futures gap that opened over the weekend when traditional markets were closed. The post $300B Wiped Out in Trump’s Crypto Market Pump and Dump appeared first on CryptoPotato .
The AI infrastructure provider is eyeing a $35 billion valuation after transforming its crypto mining business six years ago.