The Terra Luna Classic (LUNC) community might soon start considering changes to its current staking model. As implied by the popular LUNC advocate, the Crypto News Portal on X, the current staking model might be limiting adoption. The platform raised a proposal that might see a shift in waiting periods when LUNC is staked. Terra Luna Classic Staking Model and Proposed Changes According to the X post from Crypto News Portal, users need to wait 21 days to withdraw from any LUNC tokens staked. The platform noted that there are currently 1 trillion LUNC tokens staked, compared to the 5.44 trillion LUNC in circulation. As pointed out, the current LUNC staking waiting period is limiting. Crypto News Portal argued for reducing the 21-day waiting period to “reasonable levels.” While these reasonable levels were not defined, the proposal was directed to the broader Terra Luna Classic community. The community has waded into the issue, with some users supporting the idea of adjusting the waiting period. However, an X user, Vivid BNB, noted that patience is key to the LUNC ecosystem. The X user noted that just because the timing takes long does not mean the staker will not reach their goals. Terra Luna Classic Ecosystem Updates In addition to the latest staking reconsideration, the Terra Classic ecosystem has been in the news lately. As reported earlier by CoinGape, the ecosystem has burned 405 billion LUNC from circulation. In addition to the burnt LUNC, the USTC algorithmic stablecoin has also seen over 3 billion removed from circulation. This figure marks the total community contributions to reducing the supply since May 2022. The rationale is to reduce the Terra Luna Classic in circulation to boost its scarcity and potential price rally. With top crypto trading platform Binance torching 400 billion LUNC , many believe the token is closer to its USTC re-pegging goals. LUNC Price Outlook Terra Luna Classic has recorded interesting price action since the start of the week. However, the token has already given up some of its gains. At the time of writing, the LUNC price was trading for $0.00005957, down by 7.13% in 24 hours. TerraClassicUSD did not fare better, dropping by 3.84% to $0.01188. Although the drawdown for both USTC and LUNC mirrors the Bitcoin crash today , ecosystem optimism is different. Proponents like the Crypto News Portal are convinced that introducing a revamped LUNC staking model might enhance its stability in the near term. The post Terra Luna Classic: Community Demand Changes to LUNC Staking Model appeared first on CoinGape .
Circle Internet Group plans to integrate Hashnote’s $1 billion tokenized money market fund under its Bermuda digital asset license, aiming to expand USYC’s utility alongside its USDC stablecoin. Stablecoin Giant Circle Expands License to Cover $1B Tokenized Fund Circle Internet Group, Inc. intends to bring Hashnote’s Tokenized Money Market Fund (TMMF) under its existing Digital
In a jaw-dropping move, a Texas prosecutor has ordered the seizure of a staggering $62.5 million in Bitcoin, directly linked to the infamous dark web marketplace, Silk Road. This bold action sends a clear message about the long arm of the law reaching into the crypto world, especially when it comes to illicit activities. Let’s dive into the details of this major Bitcoin seizure and what it means for the future of cryptocurrency regulation. What Led to This Massive Bitcoin Seizure? According to a Forbes report, the U.S. Attorney for the Western District of Texas spearheaded this operation, targeting 749 BTC connected to Silk Road. But who were the culprits behind this cryptocurrency seizure ? The U.S. Department of Justice (DOJ) revealed that the crypto assets were traced back to two individuals involved in illegal operations on Silk Road. One was a drug dealer operating on the dark web marketplace , and the other was an accomplice assisting in crypto laundering . Here’s a breakdown of how these individuals attempted to conceal their illegal gains: Silk Road Transactions: The suspects initially accumulated Bitcoin through illicit transactions on the Silk Road marketplace. Account Transfers: They then moved these BTC funds through a web of different accounts, attempting to obfuscate the origin of the funds. LocalBitcoins Conversion: To convert their crypto into traditional currency, they utilized LocalBitcoins, a peer-to-peer cryptocurrency exchange platform, to swap BTC for cash. Gemini Exchange: Some of the laundered crypto assets eventually found their way to the Gemini cryptocurrency exchange, a regulated platform. Why is This Silk Road Bitcoin Seizure Significant? This Bitcoin seizure linked to Silk Road is not just another law enforcement operation; it carries significant implications for several reasons: Large Scale Seizure: $62.5 million in Bitcoin is a substantial amount, demonstrating the scale of illicit activities that once thrived on platforms like Silk Road. Deterrent Effect: Such seizures act as a powerful deterrent, sending a clear message to criminals that cryptocurrency is not beyond the reach of law enforcement. Even years after the closure of Silk Road, authorities are still actively pursuing and recovering assets. Enhanced Tracking Capabilities: This case highlights the increasing sophistication of law enforcement in tracking and tracing cryptocurrency transactions, even those attempting to use methods like crypto laundering to hide their tracks. International Cooperation: Often, these types of operations involve collaboration between different agencies and potentially international bodies, showcasing a united front against cybercrime. Challenges in Cryptocurrency Seizures While this cryptocurrency seizure is a victory for law enforcement, it’s crucial to acknowledge the inherent challenges involved in such operations: Challenge Description Anonymity and Pseudonymity Cryptocurrencies, by nature, offer a degree of anonymity. While transactions are recorded on a public ledger, linking them to real-world identities can be complex and time-consuming. Cross-Jurisdictional Issues Cybercriminals often operate across borders, making jurisdiction a significant hurdle. Cooperation between countries is essential but can be slow and bureaucratic. Technical Expertise Tracking and seizing cryptocurrencies requires specialized technical skills and tools. Law enforcement agencies need to invest in training and technology to keep pace with evolving crypto technologies. Volatility of Crypto Assets The value of cryptocurrencies can fluctuate wildly. Delays in seizure or legal processes could impact the actual value recovered. Actionable Insights: What Does This Mean for Crypto Users? This dark web marketplace related Bitcoin seizure offers several key takeaways for cryptocurrency users and the broader crypto community: Legitimate Use is Paramount: This incident underscores the importance of using cryptocurrencies for legal and ethical purposes. Engaging in illicit activities will inevitably attract the attention of law enforcement. Transparency and Regulation: Increased regulatory scrutiny of the crypto space is likely to continue. While some may view this as a negative, it is ultimately aimed at fostering a safer and more trustworthy environment for legitimate users. Enhanced Security Measures: Exchanges and platforms will need to continuously enhance their security and compliance measures to prevent money laundering and other illicit activities. This includes robust KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. Awareness and Education: It’s crucial for crypto users to stay informed about the legal and regulatory landscape surrounding cryptocurrencies and to understand the risks associated with using unregulated or illicit platforms. Conclusion: The Noose Tightens on Crypto Crime The Texas prosecutor’s successful Bitcoin seizure of $62.5 million linked to Silk Road is a powerful demonstration of law enforcement’s growing ability to tackle crypto-related crime. It sends a chilling message to those who believe they can hide their illegal activities behind the veil of cryptocurrency anonymity. As technology evolves, so too do the methods of tracking and prosecuting cybercriminals. This case serves as a stark reminder that the digital world is not beyond the reach of justice, and that engaging in illegal activities, even with cryptocurrencies, will have serious consequences. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Concerns are rising as Rep. Gerald Connolly calls on the U.S. Treasury to halt plans for a strategic cryptocurrency reserve proposed by President Donald Trump. Connolly claims that such actions
MGX has invested $2 billion in Binance, potentially marking one of the biggest funding deals in the industry’s history. This initiative represents the Abu Dhabi-based investment firm’s first entry into the digital asset and blockchain sectors, securing a minority stake in Binance. A Strategic Deal for Crypto and Blockchain Innovation In a March 12 announcement , the crypto exchange said the transaction is its first institutional investment, marking a major step in digital asset adoption. It is also the largest funding deal made with a crypto company and the biggest ever paid in stablecoin. With this initiative, MGX aims to promote innovation at the intersection of artificial intelligence (AI), blockchain technology, and finance. The firm’s Managing Director & CEO, Ahmed Yahia, highlighted this: “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance. As institutional adoption accelerates, the need for secure, compliant, and scalable blockchain infrastructure and solutions has never been greater,” he said. Binance CEO Richard Teng echoed the sentiments, stating: “This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection.” Teng, who previously led the Abu Dhabi Financial Services Regulatory Authority, played a key role in shaping one of the world’s first crypto regulatory frameworks, making his leadership important in the exchange’s compliance strategy. Strong Presence in the UAE Binance has a notable footprint in the United Arab Emirates (UAE), a nation known for its progressive approach to digital assets. The exchange employs approximately 1,000 of its 5,000 global workforce in the country. Last year, its Dubai subsidiary obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to offer various exchange and trading services in the area. Additionally, the platform’s Abu Dhabi branch received regulatory approval to provide custody services from the Abu Dhabi Financial Services Regulatory Authority. The latest development comes as 2025 sees a surge in crypto venture capital funding. According to data from The TIE Terminal, 137 crypto companies raised a combined $1.11 billion in funding in February alone. The decentralized finance (DeFi) sector raised nearly $176 million across 20 projects, while eight business service providers secured a combined $230.7 million. Startups in security services, payments, and artificial intelligence also attracted substantial funding. MGX, a technology-focused investment firm, specializes in accelerating AI-driven advancements across multiple industries, including semiconductors, infrastructure, and software. The post MGX Invests $2B in Binance in Historic Crypto Funding Deal appeared first on CryptoPotato .
Are you ready to propel your AI ambitions into hyperdrive? Bitcoin World Sessions: AI is your launchpad to explosive AI growth ! In less than three months, on June 5th, Zellerbach Hall at UC Berkeley will transform into a nexus of 1,200 AI pioneers, investors, and visionaries. This isn’t just another conference; it’s the premier AI event designed to fuel your journey in the artificial intelligence revolution. Don’t miss your chance to connect, learn, and innovate—secure your spot now and grab early bird savings of up to $210 before prices surge. The future of AI is being written here, will you be a part of it? 1. Learn from Renowned AI Leaders and Industry Titans Bitcoin World Sessions: AI is bringing together the most brilliant minds in the field. We’re placing industry heavyweights center stage, offering you direct access to the wisdom of those actively shaping the AI innovation landscape. Prepare to be inspired by success stories, gain strategic insights, and explore the next frontier of artificial intelligence. Speakers like Jae Lee (CEO, Twelve Labs), Oliver Cameron (CEO, Odyssey), and Kanu Gulati (Partner, Khosla Ventures), among other distinguished AI leaders , will share their invaluable expertise. For the latest speaker announcements and a detailed agenda, visit the TC Sessions: AI speaker page. Mark your calendars for these crucial discussions: From Seed to Series C: What VCs Want to See from Founders – Uncover the investment strategies and expectations of venture capitalists in the current AI landscape. How Founders Can Build on Existing Foundational Models – Learn practical approaches to leverage existing models for rapid and effective AI development. How to Launch a Product Against Entrenched Incumbents – Gain insights on navigating competitive markets and launching successful AI products against established players. 2. 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Sign up for Bitcoin World Events to receive early access to special offers and stay updated on the latest event news. To learn more about the latest AI innovation trends, explore our articles on key developments shaping AI features.
Rowland Marcus Andrade, founder of the AML Bitcoin cryptocurrency, has been convicted of wire fraud and money laundering in connection with the fraudulent marketing and sale of the coin. The ruling comes after a five-week jury trial in the District Court of Northern California. Andrade made false claims during his efforts to raise money for the coin in 2017 and 2018. Among the false claims made about the coin was that AML Bitcoin was technologically superior to Bitcoin and the Panama Canal Authority was close to allowing ships to use AML Bitcoin to pay fees. AML Bitcoin was never launched. Andrade used ‘outrageous lies’ to commit fraud Evidence presented at the trial showed that Andrade used over $2 million for personal purposes, including the purchase of property and luxury cars after he “laundered investor funds through various bank accounts.” “Mr. Andrade’s outrageous lies lured and scammed individuals into investing their hard-earned money into a new cryptocurrency with fabricated features. But there is nothing advanced about this scheme. Rowland Marcus Andrade stole money from innocent people and used it to further his personal wealth,” U.S. Internal Revenue Service special agent Linda Nguyen said in a statement. Andrade will be sentenced in July. He faces up to 20 years imprisonment on the fraud charge and 10 years for money laundering. In addition, he will forfeit the property he obtained improperly. The SEC charged Andrade with fraud and securities violations The United States Securities and Exchange Commission (SEC) filed a civil suit simultaneously against Andrade in the same court for fraudulent unregistered securities sales. That case was stayed in 2021 pending the completion of the criminal case. The SEC charged the NAC Foundation, issuer of AML Bitcoin, along with Andrade personally and political lobbyist Jack Abramoff, with raising $5.6 million from 2,400 investors. In the 2020 charges , Andrade allegedly used $1.1 million for personal purposes. Abramoff apparently acted as a colleague of Andrade in the purported coin issue. Andrade and Abramoff were charged with violating the antifraud and securities registration laws. Abramoff was also charged with broker-dealer registration violations. Abramoff agreed to plead guilty in that case in a plea agreement. He paid over $50,000 in disgorgement. Abramoff is familiar to many as a Republican lobbyist who was later jailed for corruption. He served four years of a six-year sentence. The film Casino Jack was based on him. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Ethereum core developers have announced that they have launched a new testnet to complete tests for the network's upcoming Pectra upgrade. The decision comes after significant issues were encountered in previous testing efforts, prompting developers to take additional precautions before full deployment. Tim Beiko, who coordinates ETH core developers at the Ethereum Foundation, confirmed the news in a post on X (formerly Twitter) following a developer call. “A new testnet, Hooli, is launching on Monday to complete Pectra testing,” Beiko said. The Pectra update will be tested on Hooli on March 26, when the network will migrate to the new version of Ethereum to evaluate performance and stability. Related News: Positive News from the US Senate for the Cryptocurrency Sector - Approved Despite Intense Objections Pectra introduces a number of improvements aimed at improving the speed, efficiency, and usability of ETH. One of the most anticipated changes is the addition of smart contract functionality to wallet addresses, allowing users to pay for transactions in currencies other than ETH. This feature is expected to improve Ethereum’s user experience and drive wider adoption. If the Hooli test is successful, the developers plan to roll out the upgrade to Ethereum's mainnet in about 30 days, likely in late April or early May. The decision to launch Hooli came after test failures on Ethereum’s Sepolia and Holesky testnets. In both cases, configuration errors disrupted the evaluation process, and Holesky suffered extended outages due to faulty tests. Ethereum’s testnets, including Sepolia, Holesky, and now Hooli, operate similarly to the mainnet, but are designed for risk-free testing, avoiding potential outages in Ethereum’s live ecosystem. *This is not investment advice. Continue Reading: New Details and Estimated Date for the Update Expected from Developers as Ethereum Price Plummets
Hold onto your hats, crypto enthusiasts! The decentralized exchange (DEX) arena is buzzing with news as Hyperliquid DEX just dropped a bombshell. Not only has this platform smashed through the $1 trillion trading volume barrier – a feat that truly sets it apart and puts it in the same league as centralized giants – but they’re also proactively tightening their risk management game. If you’re trading on Hyperliquid or keeping a close eye on the evolving DEX landscape, you need to pay attention to this: starting March 15th, a new 20% margin ratio requirement for margin transfers will be in effect. Let’s dive into what this means for you and the broader crypto ecosystem. Hyperliquid DEX Achieves Unprecedented Crypto Trading Volume Let’s start with the headline-grabbing achievement: Hyperliquid DEX has officially crossed the $1 trillion mark in crypto trading volume . This isn’t just another number; it’s a monumental milestone. For a DEX to reach this scale is unprecedented, signaling a significant shift in the crypto trading landscape. Traditionally, centralized exchanges (CEXs) have dominated when it comes to trading volume, offering features and infrastructure that DEXs were, for a long time, struggling to match. Hyperliquid’s accomplishment throws down the gauntlet, proving that decentralized platforms can indeed rival and potentially surpass their centralized counterparts in terms of sheer trading activity. Consider these points to understand the magnitude of this achievement: Challenging CEX Dominance: For years, CEXs like Binance and Coinbase have been the go-to platforms for high-volume crypto trading. Hyperliquid’s $1 trillion volume demonstrates that DEXs are no longer playing in the minor leagues. They are becoming serious contenders for market share. Decentralization at Scale: One of the core tenets of crypto is decentralization. Hyperliquid’s success shows that decentralization can scale to meet the demands of high-frequency, high-volume trading, without sacrificing performance or security. Growing DEX Adoption: This milestone is a strong indicator of the increasing adoption of DEXs. Traders are becoming more comfortable with decentralized platforms, attracted by their transparency, self-custody of funds, and often lower fees. This surge in crypto trading volume on Hyperliquid isn’t just luck; it’s a testament to the platform’s technology, user experience, and the growing appetite for decentralized trading solutions. But with great volume comes great responsibility, and that leads us to the next crucial update. Understanding the Decentralized Exchange Margin Requirements Update In response to this explosive growth and, crucially, to bolster platform stability and trader safety, Hyperliquid is implementing a crucial update: a margin requirements update . Starting March 15th at 00:00 UTC, a 20% margin ratio requirement will be enforced on all margin transfers. But what exactly does this mean, and why is it important? Let’s break down the concept of decentralized exchange margin requirements: What is Margin? In trading, margin is essentially collateral. When you trade with leverage (borrowed funds), you need to provide margin to cover potential losses. It’s a safety net for the exchange and, in a way, for the trader as well. Margin Ratio Requirement: A margin ratio requirement dictates the minimum amount of margin you must maintain relative to the size of your position. A 20% margin ratio means that for every $100 position you hold, you must have at least $20 as margin. Why Increase Margin Requirements? As trading volume and the size of positions on Hyperliquid grow, so does the potential for systemic risk. Large positions, especially in volatile markets, can pose risks to the platform’s stability and the broader ecosystem. Increasing margin requirements is a proactive measure to mitigate these risks. Impact on Margin Transfers: This specific update targets margin transfers. This likely refers to the process of moving margin funds within the platform, perhaps when adjusting positions or transferring funds between accounts. The 20% requirement will apply to these transfers, ensuring sufficient collateral is maintained. This isn’t about hindering trading activity; it’s about creating a more robust and secure trading environment as Hyperliquid scales. Think of it like increasing the safety standards on a highway as traffic volume increases – it’s necessary for everyone’s well-being. The Benefits of Enhanced DEX Risk Management Why should traders care about increased DEX risk management measures like this margin update? While it might seem like a restriction at first glance, stronger margin requirements actually bring several key benefits: Benefit Description Platform Stability Higher margin requirements reduce the likelihood of cascading liquidations and systemic risk events. This makes the platform more resilient to market shocks and large price swings. Trader Protection While it might limit leverage slightly, it also protects traders from over-leveraging and potentially facing catastrophic losses. It encourages more responsible trading practices. Reduced Systemic Risk By mitigating the risks associated with large positions, Hyperliquid contributes to a healthier and more stable overall crypto market. This is beneficial for the entire ecosystem. Long-Term Sustainability Proactive risk management is crucial for the long-term success and sustainability of any trading platform, especially in the volatile crypto space. It builds trust and confidence in the platform. In essence, robust DEX risk management isn’t just about protecting the platform; it’s about creating a safer and more sustainable environment for all participants. It’s a sign of maturity and responsible growth as Hyperliquid continues to lead the charge in decentralized trading. Navigating the Margin Requirements Update: Actionable Insights for Traders So, what do you, as a crypto trader, need to do in light of this margin requirements update ? Here are some actionable insights: Review Your Margin Positions: If you’re trading on Hyperliquid with margin, carefully review your current positions and ensure you understand the new 20% requirement. Calculate if your current margin levels are sufficient. Adjust Trading Strategies: You might need to adjust your trading strategies to accommodate the higher margin requirement. This could mean slightly reducing leverage or allocating more capital as margin. Plan for Margin Transfers: If you regularly transfer margin within Hyperliquid, be mindful of the new rule starting March 15th. Ensure you have adequate margin available when making transfers to avoid any disruptions. Risk Management Focus: This update serves as a timely reminder of the importance of robust risk management in crypto trading. Always trade responsibly, understand leverage, and never risk more than you can afford to lose. Stay Informed: Keep an eye on Hyperliquid’s official communication channels for any further updates or clarifications regarding the margin requirements. While changes in margin requirements can initially seem like a hurdle, they are often necessary steps towards building a more resilient and trustworthy trading ecosystem. For traders on Hyperliquid, this is a call to refine your risk management practices and adapt to a more secure trading environment. Conclusion: A Step Towards Mature DEX Trading Hyperliquid DEX reaching $1 trillion in trading volume is a landmark achievement for the decentralized finance (DeFi) space. It signifies the growing power and potential of DEXs to compete head-to-head with centralized exchanges. The proactive implementation of a 20% margin ratio requirement further underscores Hyperliquid’s commitment to responsible growth and risk mitigation. This isn’t just about setting records; it’s about building a sustainable and secure future for decentralized trading. As the crypto landscape continues to evolve, these kinds of proactive measures are crucial for fostering trust, stability, and long-term growth in the DeFi sector. Hyperliquid’s move is a positive signal, indicating a maturation of the DEX space and a focus on building robust and reliable platforms for the future of finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action.
COINOTAG News reported on March 14th that Titan founder Chris Chung announced the forthcoming launch of Solana futures on the Chicago Mercantile Exchange (CME), scheduled for March 17th. This development