Ethereum has dropped significantly due to worsening market conditions and trade tensions. Analysts warn of a potential further decline to $1,600, marking a historic low. Continue Reading: Ethereum Faces Major Decline as Market Conditions Worsen The post Ethereum Faces Major Decline as Market Conditions Worsen appeared first on COINTURK NEWS .
Do you worry about the fact that one day Quantum computers will advance to the level of breaking the cryptographic foundations? Well, if yes, your worry is legit since Web3’s top layer networks can have potential disruptions from it, such as Ethereum. Researchers and Analysts have long been worried from the looming threats on the cryptographic foundations from the ongoing advancements in the Quantum Computing world. For instance, in December 2024, Google unveiled the Willow quantum-computing chip, a 105-qubit processor that achieved a significant milestone in quantum error correction. Though it is not yet powerful enough to threaten Bitcoin’s encryption, which would require millions of qubits – the advancement does exemplify the need for the crypto community to explore quantum-resistant cryptographic solutions proactively. In a step towards leading the required solutions and ways, Ethereum Foundation, the non-profit that manages Ethereum, has announced its grant support for a new venture – a post-quantum cryptography focused research organisation – ZKnox. Though the exact amount of grant was not unveiled, ZKNox is set to work towards improving the post-quantum cryptography as quantum computing is evolving at an unprecedented pace. Ethereum’s Push for Post-Quantum Security Quantum computing has long been viewed as a potential disruptor to current cryptographic systems, including those securing blockchain network. Infact, Vitalik Buterin, Ethereum’s co-founder, has also previously discussed the importance of quantum resistance and potential migration strategies to ensure the blockchain remains secure in the coming decades. He had suggested a strategic hard fork combined with the adoption of quantum-resistant cryptographic techniques. Through its grant program, the Foundation aims to support initiatives like post-quantum (PQ) cryptography-focused ZKNox that can future-proof Ethereum and other blockchain networks from potential quantum-based attacks. According to the official announcement, the grant will provide ZKNox with the necessary resources to develop and implement quantum-resistant zero-knowledge proofs (ZKPs), a cryptographic method crucial to privacy and scalability in Ethereum’s ecosystem. 1/ Introducing ZKnox @zknoxhq ! This new research organization is at the forefront of advanced cryptography, backed by a grant from the Ethereum Foundation. Their mission: provide high impact open source code that improves Ethereum security and efficiency. — Ethereum Foundation (@ethereumfndn) March 3, 2025 Need for Post-Quantum Cryptography Since Quantum machines reply on qubits to solve complex problems simultaneously, the whole architecture of the internet and Ethereum can be in danger, at the ultimate peak scale of development in quantum computing. Co-founder by the ex-CFO of unicorn Ledger, Baccha Nicolas, ZKnox, aims to develop such post-quantum cryptography techniques that will save Ethereum from the potential Quantum hacks and threats. Post-quantum cryptography is a field dedicated to developing cryptographic methods that can withstand attacks from quantum computers. Current cryptographic standards, including those securing Ethereum’s blockchain, primarily rely on elliptic curve cryptography (ECC), which quantum computers could potentially break using algorithms like Shor’s algorithm. Can ZKnox be a game-changer in PQ security In its 2025 roadmap , ZKnox revealed that Ethereum’s reliance on ECDSA for externally owned account (EOA) signatures makes it vulnerable to quantum attacks. It aims for optimized implementation of the Number Theoretic Transform (NTT), a core operation in PQ cryptography that accelerates complex computations for PQ signature verification. As the Ethereum Founcation unveiled, the team at ZKNOX has implemented this NTT in Yul. The benchmark test revealed impressive gas savings for several PQ signature verification algorithms, using an agile approach allowed developers to use various signature schemes. Post-quantum cryptographic algorithms, designed to resist quantum computer attacks, are often computationally intensive but NTTs speeds up complex calculations and help in improving the efficiency of post-quantum signature verification In a notable efforts towards reducing the on-chain expense required for the implementations of post-quantum cryptographic algorithms, it has reduced the the on-chain cost of FALCON signatures from 24M to 2.5M gas and proposed EIP-7885 to accelerate lattice-based cryptographic primitives. This step has made the PQ transactions 12x cheaper on Ethereum. It will also develop a clear and practical 7702 + 4337 integration scenario tailored for hardware wallets. Towards a secured Post-Quantum future Thus, the Ethereum Foundation’s grant to ZKNox represent a critical step in securing Ethereum’s future against quantum threats. As blockchain technology continues to evolve, ensuring robust cryptographic security is paramount. By investing in post-quantum solutions now, Ethereum is not only safeguarding its network but also setting a precedent for the broader blockchain industry. The post Ethereum Foundation Backs New Venture ZKNox, in a big Move to Protect Ethereum from Post-Quantum Hacks appeared first on CoinGape .
Recent data from Whale Alert reveals significant XRP movements, signaling potential shifts in liquidity across major cryptocurrency exchanges. In the last 48 hours, a total of 104.5 million XRP were
U.S. spot Bitcoin ETFs posted a net inflow of $94.34 billion on Feb. 28, marking the first positive flows after eight straight days of outflows, according to data from SoSoValue. Bitcoin ETFs recorded only four days of net inflows in February 2025, resulting in a monthly net outflow of $3.65 billion. The negative momentum in the ETFs was mainly due to a broader crypto and equity market sell-off triggered by Trump’s tariff threats. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The post From $500 to $1 Million With Memecoins? The 2025 Super Cycle Could Change Everything! appeared first on Coinpedia Fintech News Meme coins have become the talk of the town in the crypto world. With the bull run in full swing, these quirky coins are capturing attention for their potential to create massive profits. Coins like DOGE, SHIB, PEPE, and BONK are making waves as part of the new frenzy. There’s also buzz about an emerging project, Codename:Pepe, which promises to use artificial intelligence to navigate the meme coin market and deliver unique trading insights. This intriguing new player raises the question of whether it can replicate the success of its predecessors and become a star in the cryptocurrency universe. Codename:Pepe Merges AI Functionality with Viral Meme Coin Appeal Codename:Pepe is a new cryptocurrency project that combines AI-driven functionality with the viral appeal of meme coins , two of the most prominent trends today . Interest in AI-driven crypto projects has skyrocketed, with blockchain-based AI solutions gaining more attention from investors. But not all AI tokens are created equal—many simply use “AI” as a marketing buzzword without offering real value. Where Codename:Pepe Fits in the Crypto-AI Boom In contrast, Codename:Pepe aims to blend AI innovation with blockchain utility , while also calling out projects that fail to live up to their AI claims. This approach helps Codename:Pepe stand out in an increasingly crowded space. Codename:Pepe is designed to be an intelligent and adaptive platform . According to its developers, the project’s AI framework will be able to: Identify Emerging Meme Coins: By constantly monitoring social media and on-chain activity, Codename:Pepe spots early trends and high-potential tokens before they gain mainstream attention. Analyze Market Sentiment: AI-driven algorithms evaluate discussions, hype levels, and whale movements to determine which coins have the most momentum. Provide Actionable Trading Insights: Generates AI-backed forecasts, risk assessments, and early buy/sell signals to maximize trading efficiency. Optimize Auto-Trading Strategies: Uses real-time data to adjust automated trading strategies, ensuring adaptability in fast-moving market conditions. The development team behind Codename:Pepe is focused on expanding both AI capabilities and blockchain integration, ensuring the technology evolves alongside the crypto market. A Smart Presale Strategy for Early Investors Codename:Pepe has decided to go with a community-driven presale model, giving early supporters access to the project at the best prices . The presale has a structured, multi-stage approach, designed to reward early adopters with big discounts: At stage 1, the $AGNT token was offered at $0.003333333. It goes through 28 stages, and its price increases incrementally. Those who buy $AGNT earlier get a bigger discount. Secure Your Codename:Pepe ($AGNT) Token Before the Next Price Increase What Makes $AGNT a Compelling Investment Choice Codename:Pepe combines two of the most attractive elements in today’s crypto market : AI-driven innovation and meme coin virality. The project’s focus on real AI capabilities and community-driven growth positions it as a standout among new crypto launches. With a limited presale supply and increasing price tiers, $AGNT offers early investors the potential for significant returns as adoption grows. The Codename:Pepe Community is Growing – Join the Mission Now! Introduction to Dogecoin Dogecoin is a digital currency that began in December 2013. It features the popular Shiba Inu dog from an internet meme as its logo. Created by Billy Markus and Jackson Palmer, the coin was meant to be a light-hearted, user-friendly alternative to Bitcoin. Unlike Bitcoin, Dogecoin has an unlimited supply, meaning new coins can always be made. It builds on technology from Litecoin, focusing on fast transaction speeds by using a system called Scrypt. This has helped Dogecoin gain a wider audience over time. Dogecoin has seen its popularity grow due to high-profile endorsements and its use in various charitable campaigns. One famous supporter is Elon Musk, who has publicly declared his liking for the coin. People have used Dogecoin to fund unique causes, such as helping a bobsled team and building water wells in Kenya. Its price history has shown volatility, often rising and falling with broader market trends. Despite the fluctuations, Dogecoin continues to have a dedicated fan base and remains a significant player in the world of cryptocurrencies. Overview of Shiba Inu Cryptocurrency Shiba Inu, often abbreviated as SHIB, was launched in 2020 as a meme coin. It aimed to capitalize on the success of Dogecoin, another meme-based cryptocurrency. Built on the Ethereum blockchain, SHIB uses the ERC-20 token standard. This digital currency gained rapid popularity due to endorsements from well-known figures like Vitalik Buterin and Elon Musk. Initially intended as a medium for simple transactions, its rising fame led to the development of additional projects. These include a decentralized exchange and a non-fungible token (NFT) project, differentiating SHIB from other meme coins by offering real utility. Current Outlook on SHIB’s Market Potential Since reaching a peak in 2021, the price of SHIB has stabilized around $0.00001 – $0.00002. Despite this stabilization, the Shiba Inu ecosystem has expanded, introducing products like its own metaverse and games. This infrastructure could support future growth, but it may require an external catalyst for significant price movements. If another rise in cryptocurrency markets occurs, new users could be drawn to Shiba Inu’s products, possibly increasing its value. As of now, while SHIB maintains a significant market presence, it faces competition from newer meme coins. Overview of Pepe the Frog Cryptocurrency Pepe cryptocurrency is inspired by a viral meme featuring a cartoon frog created by Matt Furie in the early 2000s. It operates as a deflationary meme coin using Ethereum’s ERC-20 standard. The project focuses on simplicity, transparency, and community engagement, embodied in its three-phase goals: Meme, Vibe and HODL, and Meme Takeover. Its approach remains straightforward, aiming to maintain fun and avoid complex promises. Like other cryptocurrencies, Pepe’s price is driven by market supply and demand. The token’s supply is capped at 420.69 trillion, with its value fluctuating based on buyer interest. Historically, Pepe achieved a high of $0.00002825 on December 10, 2024, but later experienced a downturn. For the token to reach new highs, renewed buyer interest is essential. As of the writing, it ranks among the top 30 cryptocurrencies, with competitors like Dogecoin and Shiba Inu. Various analysts provide mixed predictions for Pepe’s future, showing both optimistic and cautious long-term outlooks. Bonk (BONK): Overview and Market Dynamics Bonk (BONK) is a meme coin that operates on the Solana blockchain. Unlike most meme coins that are based on Ethereum, BONK taps into Solana’s advantages, such as speed and lower costs. It primarily serves as a transactional tool between its users on the Solana network. Upon its release in December 2022, BONK’s price increased significantly alongside the value of Solana’s native token, SOL. The creators of BONK aim to provide an efficient transaction-focused token within the Solana ecosystem. As of now, BONK is priced at approximately $0.00003439, with a market capitalization of around $2.62 billion. Despite being significantly smaller than competing meme coins like SHIB and DOGE, BONK has shown substantial growth over the past year. Analysts have varied opinions on its future; some believe it benefits from upcoming market trends and adoption within the Solana network, while others express concerns about its anonymous founders and lack of detailed project information. Price forecasts for BONK up to 2050 show a range of possibilities, with predictions of gradual growth over the decades. Conclusion As the market evolves, established memecoins like DOGE, SHIB, PEPE, and BONK may offer less potential for short-term gains. While they have paved the way for meme-based tokens, their growth trajectories have stabilized, making room for new entrants to capture investor interest. Codename:Pepe emerges as a promising contender, harnessing true intelligence to navigate the volatile memecoin market. By leveraging artificial intelligence, it aims to identify lucrative opportunities, provide predictive market insights, and offer automated trading capabilities. With a capped supply and a community-driven approach, Codename:Pepe positions itself as a disruptor, potentially unlocking maximum profits for early participants. Find out more about Codename:Pepe here: https://codenamepepe.com https://t.me/codenamepepe https://twitter.com/codename_pepe
The hacker behind the $1.39 billion Bybit exploit is said to have successfully laundered all the 499,000 ETH in just ten days. Despite blockchain analytics firms, law enforcement agencies, and crypto exchanges closely monitoring the movement of the stolen funds, the attacker effectively leveraged decentralized finance (DeFi) protocols to clean them fully. Laundering Details On-chain analytics platform EmberCN started tracking the funds soon after they were stolen. On February 25, the firm revealed that the hacker had laundered more than 89,000 ETH, valued at about $224 million, in about 60 hours. The attacker washed another 45,900 ETH worth some $113 million a day later, bringing the total amount laundered to 135,000 ETH. They repeated the process on February 27, swapping 71,000 ETH with a market value in the region of $170 million. At that point, about four and a half days after the attack, the perpetrator had managed to convert 206,000 ETH into other crypto assets, averaging about 45,000 ETH daily. However, they still had another 292,000 coins left, worth a whopping $685 million, and worked relentlessly night and day to clean them. According to EmberCN, by February 28, the bad actor had added another 59,800 ETH to their laundered loot, bringing it to 266,000 ETH, with 233,000 remaining. Interestingly, on March 1, a Saturday, the exploiter took a break from cleaning the stolen funds, managing to clear only a relatively modest 14,300 ETH valued at $32.2 million. They resumed activities the next day, converting 62,200 ETH, and by the morning of March 4, EmberCN reported that the attacker had laundered all the remaining funds. Bybit’s Take Bybit CEO Ben Zhou has offered a slightly different take from the analytics firm’s. In an X post on Tuesday, he provided an executive summary of the attack, stating that about 83% of the stolen funds, worth approximately $1 billion, have been converted into Bitcoin (BTC) and spread across nearly 7,000 wallets. Of the total amount lost in the exploit, 20% cannot be traced, while 3% has been frozen. Zhou also claimed that a large chunk of the untraceable funds, about 79,655 ETH, was laundered through the eXch exchange. The attacker, linked by the FBI to North Korea’s Lazarus Group, also processed another 40,233 ETH via OKX’s web3 wallet. Still, on-chain detectives have traced about 16,680 ETH, with the rest seemingly gone with the wind unless Bybit gets additional information from OKX. According to Zhou, the primary platform the hackers used in the laundering process was THORChain. He estimates that more than 361,000 ETH, valued at over $900 million, has been swapped via the cross-chain liquidity protocol. The post Bybit Hacker Reportedly Launders Entire $1.4B Loot in Just 10 Days appeared first on CryptoPotato .
Stunning amount of XRP shoveled to biggest US exchange
Coinbase CLO Paul Grewal revealed that the company has submitted a FOIA request to gain a complete understanding of the costs and the individuals involved in the SEC’s actions against crypto, focusing on its Crypto Assets and Cyber Unit. Coinbase Submits FOIA Request to Estimate Costs of War Against Crypto Coinbase, one of the largest
According to the latest data from CoinGecko, reported by COINOTAG on March 4th, Upbit has demonstrated significant trading activity, achieving a remarkable $5.02 billion in trading volume over a 24-hour
TL;DR The Open Network launch allowed PI token listings, but many users still need to pass KYC procedures. The deadline moved to March 14, sparking mixed reactions. Cardano (ADA) hit $1.14 after Trump backed a crypto reserve but dropped to $0.81 due to market crashes after certain trade tariffs came into effect. Bitcoin (BTC) fell to $83,500 from nearly $95,000. Analysts debate if this is a brief correction or the bull run’s end, with key support at $75,700. What’s New Around Pi Network? The cryptocurrency project reached a major milestone on February 20 when it launched its Open Network. This allowed exchanges to list the PI token and make it publicly accessible. Nonetheless, Pi Network is far from solving all of its problems. For instance, many people have not completed the necessary Know-Your-Customer (KYC) verifications and mainnet migrations. Users had until February 28 to abide by the rules, but recently, the deadline was moved to March 14. “This extension especially helps Pioneers who have recently returned and want to reengage with the network now that Open Network is live, upholding Pi’s core objectives of inclusivity and fairness. Submit your KYC application and complete your Mainnet Checklist by 8:00 am UTC on March 14, 2025 , to avoid any forfeiture,” the disclosure reads. As usual, the community reacted to the news with mixed feelings. Some appreciated the extension so they could have additional time to complete the process, while others complained about the prolongation, describing the project as a scam. ADA’s Price Swings The cryptocurrency market experienced massive volatility in the past few days, with Cardano’s native token being among the most impacted. Its price skyrocketed to as high as $1.14 on March 3 after the US president Donald Trump confirmed the plans about the establishment of a strategic crypto reserve that will include ADA and other digital assets. ADA Price, Source: CoinGecko Over the past several hours, though, the token erased much of its gains and currently trades at around $0.81 (per CoinGecko’s data). This is a consequence of the crypto market crash, which wiped out hundreds of billions of dollars in the last 24 hours. Some of the potential factors contributing to the negative performance of the sector are Trump’s trade tariffs which came into effect on March 4 and the escalating geopolitical tension between Ukraine and the USA. As reported by BBC, the world’s largest economy paused its military aid to the European country “to ensure that it is contributing to a solution.” BTC Struggles, too The primary cryptocurrency has also nosedived, witnessing a 9% decline on a 24-hour scale. It currently hovers at roughly $83,500, which is a huge pullback from the local top of almost $95,000 witnessed at the start of the business week. BTC Price, Source: CoinGecko While some industry participants believe the latest plunge might mark the end of the bull run, others remain optimistic that the asset is poised for a comeback. X user Captain Faibik suggested that BTC continues to trade within a “rising wedge” on the weekly timeframe. The analyst claimed that the price could reach $120,000 in the following months as long as it remains above the $75,700 support level. On the other hand, a fall below that range could lead to a retest of the $54,000-$55,000 zone. The post Recent Pi Network (PI) Developments, Cardano (ADA) Price Volatility, and More: Bits Recap March 4 appeared first on CryptoPotato .