Having previously declared bitcoin to be a ‘scam’, the US president now wants to add it to the Fed’s balance sheet
The post Early Celestia & Litecoin Millionaires Back IOT Defi Token Set to Break LTC Records appeared first on Coinpedia Fintech News Celestia (TIA) has seen a sharp decline, losing nearly 60% from its January peak and 83% from its all-time high. The token struggles to regain its former momentum, leading early Celestia and Litecoin (LTC) millionaires to seek alternative investments. While some investors continue to hold onto TIA in hopes of a rebound, others are shifting their portfolios toward high-potential projects like Coldware (COLD) , a rising IoT-focused DeFi token. Coldware (COLD): The Biggest Star in IoT DeFi As Celestia (TIA) faces uncertainty, early adopters are turning to Coldware (COLD), a new IoT-focused DeFi token that is making waves in the blockchain space. Unlike Celestia (TIA), which focuses on modular blockchain architecture, Coldware (COLD) is designed to bridge IoT technology with decentralized finance, offering real-world applications that enhance network security and scalability. Coldware’s AI-driven security framework and seamless integration with IoT devices set it apart from traditional Layer-1 blockchains. With institutional backing and growing developer interest, Coldware is positioned to become a major player in the expanding Web3 landscape. Celestia Faces Uncertainty as Investors Seek Alternatives Altcoins Despite its innovative modular blockchain infrastructure, Celestia (TIA) has struggled to hold key support levels. Trading below crucial Exponential Moving Averages (EMAs), the token has experienced a bearish “death cross,” signaling further downside risk. Analysts predict that if Celestia fails to reclaim resistance at $4, a further drop to $2.03 could be on the horizon. Meanwhile, Celestia’s trading volume has spiked, indicating renewed investor interest. However, the question remains: is TIA still a strong long-term bet, or are investors simply looking for better opportunities? Will Coldware Outpace Celestia and Litecoin? With Celestia struggling and Litecoin facing ETF-driven speculation, Coldware (COLD) presents a unique opportunity for investors looking for sustainable, long-term growth. The token’s low entry price and high adoption potential make it a compelling choice for those seeking the next big thing in blockchain innovation. While Celestia’s (TIA) future remains uncertain, Coldware (COLD) is steadily gaining momentum. With institutional investors backing the project and Web3 developers integrating its technology, COLD is set to become one of the most promising blockchain assets of 2025. For more information on the Coldware (COLD) Presale: Visit Coldware (COLD) Join and become a community member: https://t.me/coldwarenetwork https://twitter.com/ColdwareNetwork
XRP, the 4th biggest cryptocurrency in the market, is currently trading at $2.36 with a market cap of…
Bitcoin's price surged significantly, attracting considerable market attention. Institutional interest is a major factor influencing Bitcoin's price direction. Continue Reading: Bitcoin Price Surges: What Factors Drive Market Movements? The post Bitcoin Price Surges: What Factors Drive Market Movements? appeared first on COINTURK NEWS .
In a monumental move in the world of cryptocurrency , a whale investor has switched their major bets, completely divesting from two major tokens, $PEPE and $BEAM, and in their place, investing those funds into a relatively new asset, $ONDO . This investor, identified only by the wallet address “0x655,” has in the last 17 hours executed a series of transactions that has amounted to a half-million dollar divestment from $BEAM into a half-million dollar buy of $ONDO. Why might this whale be making such a move? One clue may come from the apparent recent interest in $ONDO from the crypto community. The Whale’s Move: Massive Losses and a New Bet on $ONDO In a sequence of trades that may indicate a major shift in investment approach, whale “0x655” offloaded large portions of $PEPE and $BEAM tokens, both of which have lately been having a tough time in the market. The whale first liquidated a massive 531.7 billion $PEPE tokens for a paltry 4.1 million $DAI, realizing a loss of $6.9 million—that’s a 63% drop in value after just three months of holding. Next, the broader meme coin market and $PEPE specifically have faced serious volatility and big sell-offs. Despite its early success, $PEPE has struggled to maintain momentum and seems set to join the dustbin of past failed meme coins. A big whale has big problems. Following that, the whale unloaded 261.6 million $BEAM tokens for 2.13 million $DAI, taking an even larger loss of $7.13 million. The loss here is more pronounced (77%) after holding $BEAM for nearly three months. While $BEAM is a lesser-known token, its significant price drop made it an unfavorable holding for the whale. After having cleared up the two big positions, the whale moved on to a new investment. It spent 6.26 million $DAI to buy 5.35 million $ONDO, marking its entry into the market with this token for the first time. This is not your usual token purchase. It signals that the whale sees potential in $ONDO, despite its having taken two previous hits with $PEPE and $BEAM. What’s Behind the $ONDO Purchase? The Trump Connection While the whale’s shift to $ONDO may seem like just another speculative move, there’s an interesting twist: $ONDO is part of former President Donald Trump’s World Liberty Financial portfolio. This is a significant development, as it links $ONDO to the growing presence of high-profile figures in the cryptocurrency space. Recently, Trump made headlines with the announcement of the US Crypto Reserve, which includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA). The inclusion of these high-profile assets has sparked discussions about what other cryptocurrencies might be considered valuable enough to join the reserve in the future. A whale ditched all of its $PEPE and $BEAM at a $14M loss for $ONDO —shifting its bets! Over the past 17 hours, whale "0x655": • Sold 531.7B $PEPE for 4.1M $DAI , taking a $6.9M loss (-63%) after just 3 months. • Sold 261.6M $BEAM for 2.13M $DAI , losing $7.13M (-77%) after… pic.twitter.com/dUQxjscCmZ — Spot On Chain (@spotonchain) March 3, 2025 Some investors and analysts influence of Trump’s crypto-related endeavors are now speculating that $ONDO could be next on the list of cryptocurrencies that are actually valuable to be included in the reserve. After a significant loss on $PEPE and $BEAM, the whale’s decision to enter $ONDO now can’t help but make us think it sees potential in the token being part of a larger institutional and governmental push. If $ONDO were to be added to the US Crypto Reserve, its value could very well skyrocket. The timing of the whale’s move is certainly curious. While the broader cryptocurrency market fluctuates, certain tokens—especially those associated with high-profile figures—can experience sharp price movements when adoption by institutional or governmental bodies is rumored or announced. The whale’s decision to bet on $ONDO, while taking big hits on $PEPE and $BEAM, suggests that it’s looking beyond the short-term. If these losses are even real, the whale is, for now, a long-term bull on $ONDO. Speculation and Strategy: What’s Next for $ONDO? The future of $ONDO is uncertain at this point. The whale’s investment could be driven by the belief that soon $ONDO might be included in the US Crypto Reserve. Yet, there is no specific reason to believe that this is a done deal. More likely, as attention increases on $ONDO, the token will continue to catch the fancy of retail and institutional investors. The choice to move from $PEPE and $BEAM to $ONDO may also mirror larger market trends, with investors diversifying into tokens backed by institutions or the prospect of future integration into big finance. If $ONDO continues to gain traction and if its relationship to Trump’s World Liberty Financial portfolio grows, we could see significant interest in it. And that interest could push the price up. Finally, the gigantic sea mammal appears to have undergone an investment makeover, transitioning from stake-holding in $PEPE and $BEAM to a significant investment in $ONDO. Most clear, the market whale’s switcheroo could signal shifting sentiment toward $ONDO. Whether or not $ONDO follows in the footsteps of major reserve-digital-assets-like $BTC, $ETH, and $XRP, which the US government has classified as safe to store for its national cryptocurrency reserve, is anyone’s guess. Disclosure: This is not trading or investment advice. Always do your research before investing in any stocks. 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Ricardo Salinas, an outspoken Mexican billionaire, has revealed that his investment portfolio is mostly allocated to bitcoin (BTC), gold and shares in his companies. The Mexican billionaire, whose net worth is estimated to be around $5.8 billion, is a known BTC proponent who on numerous occasions showed support for the cryptocurrency. Four years ago, Salinas said he was working to make his bank the first in Mexico to accept bitcoin. “I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas said during an interview with Bloomberg . “I don’t have a single bond and I don’t have any other stocks except my own.” The 70% figure is notably far above the 10% the billionaire revealed he had allocated to the cryptocurrency back in 2020. His words come admits plans to delist his flagship firm Grupo Elektra and ongoing legal and tax challenges with the Mexican government.
Toronto, CA, March 4th, 2025, Chainwire The Company has successfully strengthened their ability to focus entirely on opportunities within the Solana ecosystem SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB) (“SOL Global” or the “Company”), one of the first publicly traded companies focused on institutional Solana investments, is pleased to announce the completion of its previously announced reorganization of assets and liabilities, whereby, among other things, the Company has transferred all of its assets other than its native Solana token assets (“Solana”), together with certain of its liabilities, into a newly formed entity (the “Reorganization”). The Company’s strategic reorganization is designed to enhance business focus on blockchain innovation, including its significant position in Solana, and decouple its new strategic approach from its historical liability. Completion of the Reorganization Pursuant to the terms of the Reorganization, SOL Global has transferred all of its assets other than Solana assets (collectively the “Transferred Assets”) together with certain of its liabilities (collectively, the “Transferred Liabilities”, and together with the Transferred Assets, the “Vehicle Portfolio”), into a newly created special purpose vehicle (the “Asset Vehicle”) in exchange for non-voting common shares in the capital of the Asset Vehicle (the “Non-Voting Common Shares”). In connection with the Reorganization, all secured liabilities, secured obligations and other security interests granted in favour of Braebeacon Holdings Inc. (the “Secured Party”) by SOL Global and a former partially-owned subsidiary, House of Lithium Ltd. (“HOL”), were assumed by the Asset Vehicle together with the Vehicle Portfolio in accordance with the terms and conditions of an assumption and amending agreement dated February 28, 2025 between, among others, the Company, the Secured Party, the Asset Vehicle and HOL (the “Assumption Agreement”) with respect to a loan that had been granted by the Secured Party to SOL and HOL in accordance with the terms of a loan agreement dated August 6, 2021, as amended from time to time (the “Loan Agreement”). After giving effect to the Reorganization, SOL is the sole holder of all Non-Voting Common Shares, and the second lien lender under the Loan Agreement (the “Second Lien Lender”), is the sole holder of all voting common shares in the capital of the Asset Vehicle (the “Voting Shares”). As a result of SOL Global holding all of the Non-Voting Common Shares of the Asset Vehicle, any possible gain in the Transferred Assets will be largely held by SOL Global, however, SOL Global will not hold any voting rights in the Asset Vehicle. All of the Voting Shares issued and outstanding after giving effect to the Reorganization are held by the Second Lien Lender. In accordance with the terms of the Assumption Agreement, the Asset Vehicle will operate as an independent entity, SOL Global will no longer be liable for the Transferred Liabilities, and such Transferred Liabilities will no longer appear on SOL Global’s balance sheet. The Company intends to invest the remaining cash following the disposition of the Vehicle Portfolio for additional Solana tokens. Following the completion of the Reorganization, the only assets held in SOL Global’s portfolio will be its Solana assets and its equity position in the Asset Vehicle. SOL Global is an investment issuer listed on the Canadian Securities Exchange (the “CSE”) that has applied to list on the Nasdaq exchange in order to expand its investor base and access to new capital and financing opportunities. SOL Global holds certain portfolio assets which, after giving effect to the Reorganization, consist predominately of blockchain tokens, initially consisting only of Solana tokens. The Transferred Assets consist of securities of mainly electric vehicle companies together with certain real estate assets. While the change in focus of portfolio assets does represent a new strategic direction of the Company to increase the value of its portfolio, SOL Global will continue to be an investment issuer and may change the strategic focus of its portfolio at any time, including investing in portfolio assets other than blockchain tokens. Strategic Investment in Blockchain Innovation SOL Global’s investment strategy is centered on strategic positioning for long-term success, including leveraging blockchain’s growth trajectory in this rapidly evolving sector. Solana’s competitive advantage lies in its scalability and efficiency, offering high-speed transactions with low fees. Its integration with major platforms, wallets, and blockchain networks enhances interoperability, driving broader adoption. For Further Information Users Can Contact: SOL Global Investments Corp. Paul Kania, Interim CEO, CFO Tel: (212) 729-9208 Email: info@solglobal.com Website: https://solglobal.com/ About SOL Global Investments Corp. SOL Global is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana. Caution Regarding Forward-Looking Information This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking information in this press release includes, but is not limited to, the Company's expectations related to its Solana assets, liabilities and equity position following the completion of the Reorganization; the Company's expectations regarding blockchain technology, including Solana blockchain and technologies, and the expected yield associated therewith; the Company's investment strategies; statements related to investor interest and confidence in digital assets, in particular in Solana; and statements related to the expected growth and adoption of the Solana ecosystem and decentralized finance. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability to execute on its business and investment plans; the Company's ability to raise debt or equity through future financing activities; the Company's ability to increase its investments in the Solana blockchain and Solana-based technologies; any adverse changes and developments in the Solana blockchain and ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; the inherent volatility in the prices of certain cryptocurrencies including Solana tokens; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited resources of the Company; the Company's reliance on the expertise and judgment of senior management and the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. ContactInterim CEO & CFOPaul KaniaSOL Global Investments Corp.paul@solglobal.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On March 4th, AAVE experienced a notable uptick of over 7%, with the token currently priced at $187.49. This surge is attributed to a recent proposal from the Aave community,
The downtrend in the Open Interest and the price in the past three months highlighted bearish market sentiment.
A newly disclosed set of deadlines from the International Monetary Fund (IMF) appears set to sharpen oversight of El Salvador’s Bitcoin during the coming year and beyond. According to information released by journalist Ricardo Valp of El Faro, President Nayib Bukele’s administration allegedly agreed to share comprehensive data on its BTC holdings and transactions in return for the $1.4 billion bailout package . In a post on X, Valp wrote : “NEW: ‘The IMF reveals Bukele agreed provide IMF with internal information about Bitcoin transactions, including cold & hot wallet addresses owned by the Government of El Salvador, the names of people involved, and to regulate Bitcoin holdings in exchange for a $1.4B bailout.’” IMF Takes Aim At El Salvador’s Bitcoin Holdings Alongside this statement, Valp shared images of the official IMF proposals or conditions, each labeled with a specific deadline and review. The core aim of these conditions is to “reduce risks related to Bitcoin,” focusing on enhanced transparency and accountability in the government’s BTC activities. According to the documents, the government must submit a signed statement to IMF staff confirming all hot and cold wallet public addresses—along with corresponding BTC amounts—owned or controlled by the Salvadoran public sector. This mandate covers not only central government accounts but also any state-controlled entities or legal persons under majority ownership or influence, as defined by international accounting standards. The first requirement to report these Bitcoin addresses and amounts is due by the end of March 2025, aligning with the IMF’s first program review. A second disclosure is scheduled for the end of June 2025, capturing updated balances. The final disclosure, at the end of December 2025, falls under the IMF’s third review and requires a signed statement listing and identifying all state-linked addresses and amounts at that time. In addition to these recurring disclosures, the plan imposes strict deadlines for the restructuring or cessation of several high-profile components of El Salvador’s Bitcoin infrastructure. The government must adopt and publish a new business plan aimed at halting the use of public funds within the state-sponsored digital wallet known as Chivo . This new plan is to be instituted by July 2025, with the IMF’s first review in March 2025 expected to assess progress toward that objective. By that same July 2025 juncture, the state is reportedly required to liquidate the BTC trust fund known as Fidebitcoin and release the associated audits conducted by the Court of Accounts (AAB) and independent external auditors. The guidelines also indicate that the government should publish Chivo’s financial statements, verified by auditors, and segregate Chivo users’ US dollar balances at the country’s Central Reserve Bank (BCR). The final phase, by December 2025, calls for enacting a comprehensive framework that will strictly govern how the government purchases, holds, or disposes of its Bitcoin and any other crypto assets. This framework would include rigorous governance protocols, formal risk management controls, explicit investment guidelines, and a clearly defined regulatory role for the AAB. The IMF’s objective, according to the texts, is to ensure greater transparency, minimize exposure to abrupt price swings, and centralize accountability for digital asset practices at the state level. The extent of oversight implied by these measures has provoked mixed reactions on social media. One notable post came from Bitcoin commentator Pledditor (@Pledditor), who remarked, “Looks like we finally got a timetable on when El Salvador’s IMF cuckening begins. Chivo Wallet will be unwound by July 2025 and the IMF will start regulating El Salvador’s Bitcoin Treasury by December 2025.” The Salvadoran government has not yet publicly commented on these requirements. However, El Salvador bought another 5 Bitcoin for their Strategic Reserve on March 3, according to the Bitcoin Office. At press time, BTC traded at $83,418.