Recent developments in the cryptocurrency market showcase Solana’s (SOL) volatile journey amid changing investor sentiment and macroeconomic factors. The recent endorsement of Solana’s inclusion in strategic reserves has triggered substantial
Major tokens Cardano's ADA, XRP, and Solana's SOL plummeted 21% on Tuesday, just days after a dramatic surge fueled by President Donald Trump’s announcement of a U.S. crypto strategic reserve, erasing all gains sparked by the initial excitement. The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted. Trump’s Sunday declaration that the reserve would include ADA, XRP and SOL, alongside bitcoin (BTC) and ether (ETH) ignited a market frenzy, with ADA soaring over 60%, XRP climbing 33%, and SOL jumping 22% within hours. The promise of a government-backed crypto stockpile was hailed as a game-changer, with analysts predicting it could legitimize digital assets and drive institutional adoption. However, the rally proved short-lived amid profit-taking and a general risk-off mood in broader equity markets. “Trump's latest tariff announcements on Canada, Mexico, and China caused a massive selloff of crypto assets, completely reversing the previous day's crypto strategic reserve gains,” Kevin Guo, director of HashKey Research, said in a Telegram message. “Despite a slew of pro-crypto deregulation initiatives and supportive policies, investors view cryptocurrencies as risk assets strongly bound by the performance of the US equity market.” On Tuesday, China announced a 15% tariff on the import of various items after Trump, doubled the tariff on imports from China to 20%. The U.S. President also confirmed that 25% tariffs on goods from Mexico and Canada would be effective on Tuesday. Bitcoin is down 9% in the past 24 hours amid the macroeconomic chaos, trading at $84,000 as of Asian afternoon hours. Ether lost 12% and trades just above $2,000 — its lowest since 2023. With a White House Crypto Summit scheduled for Friday, investors are now bracing for more clarity — or further turbulence — depending on what emerges from the talks.
North Korea’s Lazarus Group has reportedly laundered all the 499,000 ETH, roughly $1.39 billion, stolen from the Bybit hack in just 10 days. According to a Mar. 4 post on X by on-chain analyst EmberCN, who has been tracking the stolen funds, much of the Ethereum ( ETH ) was funneled through THORChain ( RUNE ), a decentralized cross-chain liquidity protocol, and converted into Bitcoin ( BTC ). 黑客已经把从 Bybit 盗取的 49.9 万枚 ETH ($13.9 亿) 全部清洗完了，整个过程历时 10 天。 ETH 价格在这个过程中下跌了 23% (从 $2,780 跌到现在的 $2,130)。 而黑客洗钱使用的主要通道 THORChain 也因黑客洗钱获得了 $59 亿的交易量跟 $550 万的手续费收入。 本文由 #Bitget ｜ @Bitget_zh 赞助 https://t.co/osoKNzFhkG pic.twitter.com/QUWuMmV6zH — 余烬 (@EmberCN) March 4, 2025 THORChain has handled $605 million in transactions in the last 24 hours alone. The platform has received criticism for its involvement in facilitating illegal transactions, after recording $5.9 billion in volume and collecting $5.5 million in fees during the laundering process. One critic on X referred to THORChain’s response as “negligence at best, greed at worst.” While other protocols acted accordingly to stop the movement of stolen funds, THORChain validators did not take any meaningful action. Pluto, a core contributor, resigned in protest after a governance proposal to halt ETH transactions was rejected. You might also like: Binance pushes for stricter security regulations following $1.4b Bybit hack Meanwhile, Bybit CEO Ben Zhou has since provided an update on the movement of the stolen assets. In a Mar. 4 post on X, he revealed that 77% of the stolen funds remain traceable, while 20% have gone dark, and 3% have been frozen. 3.4.25 Executive Summary on Hacked Funds: Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen. Breakdown: – 83% (417,348 ETH, ~$1B) have been converted into BTC with 6,954 wallets (Average 1.71 btc each) . This and… — Ben Zhou (@benbybit) March 4, 2025 According to Zhou, 83% of the laundered funds were converted into Bitcoin, distributed across 6,954 wallets, with 72% ($900 million) of these funds passing through THORChain. Moreover, after being transferred through ExCH, 16% of the assets became untraceable, and the OKX Web3 Proxy processed another 8% ($100 million). Bybit has since launched Lazarusbounty.com, a fund-tracking website, and it is providing bounties to exchanges that help recover the stolen assets. So far, $2.17 million in rewards have been paid to 11 bounty hunters, with Mantle, Paraswap, and ZachXBT among the top contributors. Read more: Safe Wallet responds to Bybit hack with major security improvements
Copyleaks found that 74.2% of text generated by Deepseek-R1 closely resembles OpenAI’s stylistic patterns, suggesting potential unauthorized reliance on OpenAI’s model during training. This raises concerns about intellectual property, transparency, and ethical AI practices. Copyleaks used a rigorous method involving three AI classifiers to analyze stylistic fingerprints, achieving high precision. This discovery allows for model-specific
Following US President Donald Trump's announcement of the US Strategic Cryptocurrency Reserve last night, major US-based cryptocurrencies, including Ripple (XRP), came to the fore. However, crypto detective ZachXBT warned in his statement that Ripple management has a large amount of XRP in its possession. According to the analyst, there are more than 2.7 billion XRP addresses belonging to Ripple co-founder Chris Larsen, worth a total of $7.18 billion. These addresses transferred $109 million worth of XRP to centralized cryptocurrency exchanges in January 2025. Related News: JUST IN: The Big Investment Donald Trump Will Announce Today Is Revealed However, ZachXBT stated in his statement that some of the addresses he monitored had not shown any activity for 6-7 years, and that Larsen may have lost access to these addresses or may have sold the addresses in February 2013. He also reminded that Larsen was the victim of a $112 million hack earlier last year. In addition to XRP, the planned cryptocurrency reserve also includes altcoins Cardano (ADA), Solana (SOL) and Ethereum (ETH). *This is not investment advice. Continue Reading: Cryptocurrency Detective ZachXBT Warns About Ripple (XRP) – “Assets in Founder’s Possession…”
The US Securities and Exchange Commission ( SEC ) is preparing to host a roundtable to address how digital assets should be classified under current regulations .
Congress investigates Trump’s posts for potential market manipulation. New regulations are being considered to ensure fair practices in cryptocurrency. Continue Reading: Congress Investigates Potential Market Manipulation in Trump’s Crypto Posts The post Congress Investigates Potential Market Manipulation in Trump’s Crypto Posts appeared first on COINTURK NEWS .
Binance founder’s attempt to clarify his stance on Ronaldinho’s token backfires, as crypto traders slam him for even mentioning the controversial token. What was supposed to be a simple “disclaimer” has sparked a full-blown controversy, with Binance founder Changpeng Zhao now in the hot water over a new token launched by Ronaldinho Gaúcho, the once famous former Brazilian soccer star. My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades 😎Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… pic.twitter.com/91KbaXVmgS — Ronaldinho (@10Ronaldinho) March 2, 2025 In a March 3 post on X, Ronaldinho announced his new token, dubbed STAR10, which he touted as a way for fans to “make history” and gain access to exclusive benefits. “Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW,” Ronaldinho said in his X post announcing the launch. While the token saw a 20% price pump shortly after its launch, things quickly took a U-turn. As crypto.news reported , on-chain analysts quickly raised concerns about insider trading linked to the token launch. According to blockchain analytics firm Nansen, an insider wallet tied to Ronaldinho profited a massive $4.95 million, triggering skepticism among traders. “So far, the insider has sold 119,278 $STAR10 for 54 $BNB ($33,106),” X user under alis Onchain Lens reported, adding that the insider still holds $4.93 million worth of STAR10. This post is NOT an endorsement. It's a security reminder and disclaimer. (中文👇) @10Ronaldinho 's STAR10 coin was launched on @BNBChain EXCLUSIVELY. Other chains' coins are fake. Beware of scammers. Meme coins are highly volatile, and recent volumes have decreased… https://t.co/RVxHT5tStI — CZ 🔶 BNB (@cz_binance) March 3, 2025 To make things worse, Binance’s founder Changpeng Zhao mentioned the STAR10 token in an X post on March 3, trying to separate himself from the drama while warning crypto investors about copycats on decentralized exchanges. In the post, the Binance founder seemingly tried to clarify that the token was launched exclusively on the BNB Chain, and warned that “other chains’ coins are fake,” urging investors to “beware of scammers.” He also pointed out that although he’s been a fan of Ronaldinho since 2005, there are “no commercial relationships between BNB Chain (or any of our affiliates) and Ronaldinho.” Zhao also was quick to say that the post “is NOT an endorsement,” but the crypto community clearly wasn’t having it. “Better stay silent” The backlash was immediate. Some even called out Zhao for promoting the token despite the disclaimer. “Better stay silent and let the market do its own thing,” one user said , responding to the post with skepticism. “NOT an endorsement but you talking about it, it’s enough to mention that and is already an endorsement! Better stay silent and let the market do its own thing!” A reply by X user @Mike01CKY In his replies to the post, Zhao was slammed by many crypto traders for even mentioning the token, with critics accusing him of indirectly endorsing the shady token. You know exactly what you’re doing and the effects of it bro. Stop trying to fake innocence by adding a few lines like “this is not an endorsement.” End of the day you’re just trying to bring more volume back to bsc without regard that these celebs will probably rug buyers… — Tradinator (@Tradinator33) March 3, 2025 “You’re losing tons of respect with this post CZ. @10Ronaldinho has rugged users in the past. Gloating about this is just wrong, you’re better than that (at least I thought you were).” A reply by X user @Web4Agent The STAR10 token itself had also already sparked controversy even before the insider trading allegations. Many traders raised doubts about its legitimacy, noting that celebrity-endorsed tokens are often seen as cash grabs or attempts to capitalize on fame without any real utility. reminder – this is how the biggest celebrity memecoins look like, and this will probably will not be any different h/t @waleswoosh pic.twitter.com/Icyey3bfZk — Tal Shmuel Harel (@TalHarelTal) March 3, 2025 Many still remember Ronaldinho’s previous involvement with high-risk crypto schemes, some of which had disastrous outcomes. You might also like: Ex-Binance exec sues for whistleblowing, citing bribery and unfair dismissal claims: report Ronaldinho’s crypto experience Ronaldinho’s crypto history appears to be pretty messy. Back in June 2024, he hinted at making a comeback, saying it was time for crypto to “go mainstream.” But not everyone was convinced. Well-known crypto investigator ZachXBT quickly pointed out that Ronaldinho had backed several questionable projects, including World Cup Inu and Lord Society NFT, which had turned into pump-and-dump schemes. He also promoted meme coins like WATER and Baby Doge, raising even more doubts. Is this a translation for you are bankrupt again? In case you forgot here are all of the crypto projects you pump and dumped over the years. pic.twitter.com/VvVRQR6tKt — ZachXBT (@zachxbt) June 24, 2024 But the most controversial chapter in his crypto career came in September 2023, when Ronaldinho was linked to the “18kRonaldinho” project, which was accused of operating a $61 million pyramid scheme. Ronaldinho quickly denied the allegations. The soccer legend claimed that he had been unfairly implicated and the company exploited his public image without permission. He also stated he had agreed only to endorse a watch collection by 18k Watchs, but he never authorized using his name and image to sell or promote cryptocurrencies. The project falsely promised investors daily returns of 2% and had used his likeness to build credibility. Read more: WATER memecoin gains recede after Ronaldinho’s promo
A deeper retracement remains likely, with $155 and $145 emerging as critical support levels to watch.
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