In a recent announcement dated March 4th, **Binance** disclosed significant updates regarding its monitoring framework for selected cryptocurrencies, including **AERGO**, **ALPACA**, **AST**, **BADGER**, **BURGER**, **COMBO**, **NULS**, **STPT**, **UFT**, and **VIDT**.
Bybit CEO Ben Zhou revealed that hackers stole a total of $1.4 billion (approximately 500,000 ETH) and a significant portion of the funds are still traceable. Bybit CEO: Hackers Stole $1.4 Billion in Crypto, Most Converted to Bitcoin Distribution of Stolen Funds According to Zhou, the stolen funds were distributed as follows: 77 of them are watchable 20 cannot be tracked 3 of them are frozen Additionally, 83% of the stolen funds were converted to Bitcoin and distributed across 6,954 wallets, further complicating recovery efforts. Ongoing Efforts to Trace and Recover Assets The Bybit team is actively working with blockchain forensics firms and law enforcement to trace and recover the stolen assets. The significant amount that remains traceable suggests that coordinated action could lead to a portion of the funds being frozen or recovered. Crypto exchanges and cybersecurity experts are closely monitoring the movements of these funds, and industry leaders are calling for increased vigilance against cyber threats. The incident underscores the growing security challenges facing the cryptocurrency sector. *This is not investment advice. Continue Reading: Bybit CEO Ben Zhou Explains the Status of Stolen Funds! How Much Is Recoverable? Here Are the Details
As the crypto landscape evolves, Pi Network’s native token, PI, captures attention amid fluctuating prices and a significant Binance listing dilemma. Despite experiencing a surge earlier this year, the uncertainty
Onyx has unveiled Goliath, a new Layer-1 blockchain designed specifically for financial institutions. Goliath’s primary goal is to offer Visa-level transaction speeds , targeting up to 24,000 transactions per second, making it a strong contender in the competitive world of high-speed blockchain solutions. It aims to accomplish this with a Proof-of-Stake ( PoS ) consensus mechanism, which is more energy-efficient than Proof-of-Work (PoW) and selects validators based on the amount of tokens they stake, thus reducing the network’s carbon footprint. Goliath will provide scalable and secure infrastructure for banks and financial service providers, marking a significant step forward in blockchain technology for the finance sector. Onyx emphasized that while Goliath will be a Layer-1 blockchain , it will remain interoperable with existing financial networks, ensuring it can seamlessly integrate with current systems. The roadmap for Goliath’s development includes a testnet launch scheduled for Q3 2025 , followed by a mainnet release in Q1 2026 . These phases will allow the team to refine the blockchain before it’s fully deployed in the financial sector. In addition to the Goliath project, Onyx is also launching a Points Program for its existing Layer-3 XCN Ledger . Participants who bridge assets like WETH, USDT, and others from the Base blockchain to Onyx will receive rewards. Despite the optimistic announcements, Onyxcoin’s token (XCN) saw a significant drop of over 11% today, continuing a larger trend. The broader crypto market, grappling with bearish news from the Federal Reserve, saw major price declines, impacting XCN’s value. After Onyxcoin had a brief rally earlier this month, a mass exodus of investors occurred, and the token saw a significant 50% loss in February. The Goliath announcement has yet to slow down this downward trend, and while it’s an exciting innovation for the blockchain and financial sectors, it remains to be seen if it can halt XCN’s current struggles. Despite the challenges, Onyx’s Goliath project presents a promising leap forward in blockchain’s role in finance, especially with its focus on scalability, security, and energy efficiency. However, it will face fierce competition as other blockchain networks aim to provide similar solutions for high-speed financial transactions.
The post Crypto Sell-Off Today: Crypto Liquidations Hit $1 Billion appeared first on Coinpedia Fintech News The crypto market is taking a hit as multiple factors collide: Trump’s 25% tariffs on Mexico and Canada, hacking incidents, and liquidations on major exchanges like Bybit. While liquidity decreases, the influx of new coins and inflation pressures are only adding to the downward trend. Investors became more cautious after Trump announced 25% tariffs on Canada and Mexico, and a 20% tariff increase on China, starting later today. The crypto market experienced significant volatility following Trump’s crypto reserve announcement. While there was an initial surge in prices, those gains quickly faded as doubts arose over its execution and necessary regulatory approvals. Further, Trump’s announcement about tariffs added extra uncertainty, which led to a larger sell-off across the market. Crypto Liquidations Cross $1 Billion Crypto liquidations have surged to over $1.09 billion, with BTC alone accounting for more than $400 million. The crypto market has faced the most significant selloff of 2025, losing $460 billion in just 24 hours. This equates to an average loss of about $19.1 billion per hour for the last 24 hours staright, according to The Kobeissi Letter. We are seeing crypto's steepest selloff of 2025: Over the last 24 hours, crypto markets are down -$460 billion from their highs. This means that crypto investors have lost ~$19.1 billion PER HOUR for the last 24 hours STRAIGHT. Are you buying the dip? https://t.co/K565vZMzV7 pic.twitter.com/CB7s7nnlYy — The Kobeissi Letter (@KobeissiLetter) March 4, 2025 Bitcoin lost its weekend gains and is now trading between $82,000 and $85,000 as investors react to the upcoming U.S. tariffs. Market volatility is likely to continue, especially as these tariffs take effect later today. Bitcoin fell 9.8% to $83,725. Alankar Saxena, CTO and co-founder of Mudrex, cautioned the investors to stay careful as volatility could continue if BTC drops below the $81,000 support. However, there is room for recovery with resistance at $92,000 if market sentiment improves. Arthur Hayes Says BTC Could Drop To $70k Arthur Hayes, the former CEO of BitMEX, has expressed optimism about Bitcoin’s current bull market, maintaining that the cryptocurrency is on track for continued growth. However, he also warned that in the worst-case scenario, Bitcoin’s price could drop to around $70,000, aligning with the previous cycle’s all-time high. Altcoins Hit Harder In the last 24 hours, altcoins have taken a bigger hit, with Ethereum dropping to $2,000 and heading towards its worst Q1 performance ever. Ethereum dropped 15% to $2,083. 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. The global crypto market cap fell by 10.5% to $2.76 trillion in the last 24 hours. Other altcoins also saw significant losses, with Cardano down 25%, Solana down 19%, Dogecoin down 16%, and XRP down 18%. However, Crypto analysts advise investors to stay calm and avoid panic selling.
US President Donald Trump’s upcoming Crypto Summit is poised to introduce pivotal policies that could reshape the landscape of cryptocurrency regulation and investment in America. Industry experts anticipate significant fiscal
The FTX transfer of 3 million SOL caused significant market instability. Solana's price has dropped sharply, impacting investor sentiment. Continue Reading: Massive Solana Transfer by FTX Shakes the Crypto Market The post Massive Solana Transfer by FTX Shakes the Crypto Market appeared first on COINTURK NEWS .
NYSE Arca has filed a 19b-4 with the SEC, seeking approval to list and trade Bitwise’s Dogecoin ( DOGE ) exchange-traded fund (ETF). This filing follows Bitwise’s earlier submission of an S-1 to the SEC. According to the filing, Coinbase Custody will manage the ETF's Dogecoin holdings, while the Bank of New York Mellon will oversee the cash assets and handle administration tasks. The filing proposes that the ETF will hold Dogecoin as its primary asset, with its Net Asset Value (NAV) calculated daily using the CF Dogecoin-Dollar Settlement Price, an industry-standard pricing benchmark. This would allow the ETF to closely track the market value of Dogecoin, offering investors an opportunity to trade the meme cryptocurrency on traditional markets. Besides Bitwise, other major firms like Grayscale and Rex Shares have also filed for a Dogecoin ETF, with Grayscale’s application further along in the SEC's review process. Grayscale’s filing has already been acknowledged by the SEC, making it a strong competitor in this space. Market sentiment surrounding the approval of a Dogecoin ETF has been increasingly positive. According to Polymarket, the probability of approval has risen to 67%, up from 55% just a day before. Bloomberg analysts have also forecast a 75% chance of approval in 2025. This rising confidence reflects the market’s belief that a regulated Dogecoin ETF may soon become a reality, although approval is still not guaranteed. This potential ETF marks a turning point for Dogecoin, which began as a joke in 2013 but has since grown into the largest meme cryptocurrency, with a market cap surpassing $28 billion. Despite this, DOGE’s price has recently fallen by nearly 16%, with trading volume showing a marked decline of 17%. This drop in price and volume underscores broader market challenges, despite the increasing optimism around the ETF. Market optimism is increasing due to the growing chance of a Dogecoin ETF approval in 2025. Grayscale’s lead in the ETF approval process signals significant regulatory interest. However, DOGE’s price drop highlights the volatility of meme coins despite positive regulatory news.
The chief executive of market intelligence firm CryptoQuant is doubling down on his position that Bitcoin ( BTC ) remains in a bull market. In a new thread, Ki Young Ju tells his 410,300 followers on the social media platform X that Bitcoin’s surge on Sunday is confirming his belief that Bitcoin’s bull market is far from over – as long as it doesn’t fall significantly below the $75,000 level. “Made a bold call knowing I could be way off, but glad I got it right.” Source: Ki Young Ju/X Bitcoin surged over the weekend from around $84,000 to around $94,000, after President Trump announced a crypto strategic reserve for the US that will include the flagship digital asset. Ki Young Ju also says that deep-pocketed investors using the top US crypto exchange Coinbase were propelling Bitcoin to higher price levels over the weekend. “Coinbase whales led this Bitcoin surge.” Source: Ki Young Ju/X The CEO points to other metrics that he says continue to signal bullishness, including Bitcoin’s hash rate. The hash rate measures the computational power used by miners to secure the BTC network. A higher hash rate indicates a stronger network and better security. “The chart that backs my belief in Bitcoin. When investment in its network security stops, it has likely absorbed enough capital. That’s the time to sell.” Source: Ki Young Ju/X He also says that Bitcoin’s Market Value to Realized Value (MVRV) indicator shows the price of the flagship crypto asset is likely to go up based on historic precedence. MVRV is the ratio of Bitcoin’s market capitalization relative to its realized capitalization (the value of all BTC at the price they were bought at) and is used to assess whether the crypto asset is undervalued or overvalued. “Bitcoin on-chain indicators feel like this – like something unfinished.” Source: Ki Young Ju/X The flagship digital asset did retrace on Monday amid the Trump tariff news that caused a sell-off in the stock market. Bitcoin is trading for $83,284 at time of writing, down 10.4% in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post CryptoQuant CEO Doubles Down on Bitcoin Bull Market Call, Says Coinbase Whales Leading BTC Surge appeared first on The Daily Hodl .
The US Securities and Exchange Commission (SEC), under Commissioner Hester Peirce, has introduced the members of its new Crypto Task Force. The task force aims to tackle the regulatory challenges surrounding digital assets. This group of experts will help the SEC address critical issues, including compliance and regulatory guidelines, ensuring that crypto regulations are more clear and effective. The leadership team of the task force includes Richard Gabbert as Chief of Staff, Michael Selig as Chief Counsel, Taylor Asher as Chief Policy Advisor, and Sumeera Younis as Chief of Operations. In addition to these leaders, the task force benefits from the input of Senior Advisors, including Landon Zinda, Donald Battle, Bernard Nolan, Laura Powell, Veronica Reynolds, Christopher Rice, Mark Sater, Andrew Schoeffler, Frank Sensenbrenner, and Robert Teply. The combined expertise of these professionals covers key areas such as legal, policy, and operational matters within the cryptocurrency landscape. Formed in January 2025 under Acting Chairman Mark Uyeda, the Crypto Task Force is tasked with refining existing crypto regulations, creating clearer compliance processes, and improving disclosure standards. By ensuring that enforcement remains focused and effective, the SEC hopes to pave the way for a more secure and transparent crypto market. As part of their initiative to encourage public dialogue on crypto regulations, the task force will be hosting a series of roundtable discussions, named “Spring Sprint Toward Crypto Clarity.” The first roundtable, scheduled for March 21, is titled “How We Got Here and How We Get Out – Defining Security Status.” This event will be streamed live and is open to the public, with security measures limiting in-person attendance. However, recorded versions of the event will be made available for later viewing. Participants will also be able to engage in smaller, off-air breakout discussions. Commissioner Peirce highlighted the importance of collaboration with the public, noting that these roundtables will be a key part of developing a workable regulatory framework for digital assets. The creation of this task force and the upcoming roundtable events signal a commitment from the SEC to create a well-regulated crypto market. The task force’s work aligns with President Trump’s vision of supporting innovation in the crypto sector and reinforcing the US’s leadership in the global digital asset space. The discussions and findings from these roundtables are expected to provide valuable insights that could influence future policy decisions for the cryptocurrency industry.