On March 5th, COINOTAG News reported that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has officially sanctioned 49 cryptocurrency addresses linked to Iranian national Behrouz
As the Trump pump turns into a slump, Ripple’s XRP is the holdout, keeping the majority of its post-election gains as the other top five cryptocurrencies have lost most of theirs. On Nov. 4, one day before the Presidential election, XRP sat at $0.50. Today it sits at $2.46, up 392%. That’s down substantially from its $3.31 high on Jan. 17, according to CoinGecko, but it’s still a huge gain from its pre-election price. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Olga Kharif reports on why Bitcoin maxis aren’t pleased with Donald Trump these days.
Market Overview: Bitcoin and XRP Experience Corrections As of February 27, 2025, Bitcoin (BTC) is trading at $85,805, reflecting a 0.46% increase. Similarly, XRP has risen to $2.21, marking a 0.45% uptick. In contrast, OFFICIALMAGACOIN is capturing significant attention, with its presale successfully raising over $3.7 million, indicating robust investor confidence. OFFICIALMAGACOIN vs. Solana (SOL) Solana (SOL) has been a prominent player in the crypto space, known for its high transaction speeds and scalability. However, recent market volatility has seen SOL’s price struggle near its $234 resistance, reflecting challenges amidst fluctuating investor sentiment. In contrast, OFFICIALMAGACOIN is on an upward trajectory, with its presale surpassing $3.7 million, showcasing strong market trust and positioning it as a formidable contender in the crypto space. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN N OW! OFFICIALMAGACOIN vs. Polkadot (DOT) Polkadot (DOT) facilitates interoperability among diverse blockchains, enhancing scalability and security. Despite its technological advancements, DOT’s price has experienced a downturn, currently trading at $5.05. Meanwhile, OFFICIALMAGACOIN offers a unique opportunity for exponential growth, especially for early adopters, with analysts projecting a potential surge to $1 by 2025. OFFICIALMAGACOIN vs. Kaspa (KAS) Kaspa (KAS) emphasizes high transaction speeds and security, with its price currently at $0.086092. While KAS has shown steady growth, OFFICIALMAGACOIN ‘s strategic positioning and successful presale indicate a higher growth potential, making it an attractive option for investors seeking significant returns. OFFICIALMAGACOIN vs. Aptos (APT) Aptos (APT) has been recognized for its innovative approach, currently trading at $6.19. However, OFFICIALMAGACOIN ‘s rapid fundraising success and exclusive bonuses, such as the MAGA50X code offering a 50% bonus on investments, provide a compelling case for investors aiming to capitalize on emerging opportunities. LIMITED TIME ONLY! USE PROMO CODE MAGA50X TODAY FOR A 50% EXTRA BONUS! As the crypto landscape evolves, while established players like Solana and XRP prepare for potential surges, OFFICIALMAGACOIN presents a compelling case for investors aiming to capitalize on emerging opportunities with high growth potential. Website: officialmagacoin.io X/Twitter: https://x.com/officialMAGAx Continue Reading: XRP and SOLANA’s Rally—Is OFFICIALMAGACOIN.IO the Next Big Crypto Contender?
Large-cap coins still seem to be following Bitcoin's momentum.
Bybit, a major cryptocurrency exchange, was the victim of a significant hack on February 21, 2025, resulting in the theft of approximately 500,000 ETH, valued at around $1.4 billion. The North Korean hacking group, Lazarus Group, was identified as the perpetrator after injecting malicious code into SafeWallet, a third-party wallet platform used by Bybit. The hackers have successfully laundered all of the stolen ETH, a process that took just 10 days. They primarily used THORChain to convert 83% of the stolen ETH, amounting to about $1 billion, into Bitcoin (BTC), which was then distributed across 6,954 wallets. Bybit has restored a 1:1 backing of client assets following the attack. Bybit CEO Ben Zhou reported that 77% of the stolen funds remain traceable on the blockchain, despite the laundering efforts. However, 20% of the funds, approximately $280 million, have become untraceable, and 3% have been frozen. The exchange has engaged in efforts to freeze the remaining funds, offering bounties to blockchain investigators, including ZachXBT, to aid in the recovery process. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the move aligns with a broader shift in the SEC’s approach to cryptocurrency regulation. NFTs Not Securities The inquiry began in October 2022 and sought to determine whether Yuga Labs’ NFT offerings, including the Bored Ape Yacht Club (BAYC) collection and the distribution of ApeCoin, violated federal securities laws. The SEC’s decision not to pursue charges more than two years later marks a significant milestone for the NFT space. In a statement on X, Yuga Labs called it a “huge win” for the industry and for creators driving the digital asset ecosystem forward. “After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.” In recent weeks, the regulatory watchdog has either dropped or suspended investigations into major crypto firms, including Coinbase, Binance, Robinhood, Gemini , OpenSea, and Uniswap . The SEC has also disbanded its previous crypto division and introduced a new Cyber and Emerging Technologies Unit, signaling a potential recalibration of its regulatory stance. Bored Apes’ floor price on OpenSea briefly hit 13.9 ETH on Monday. After a minor dip, however, the current price has settled at 13.75 ETH. NFT Market The NFT market faced significant challenges in 2024 as trading volumes fell to $1.5 billion by the third quarter. However, a partial rebound in the fourth quarter pushed volumes back up to $2.6 billion. This volatility was accompanied by a decline in total sales compared to 2023, indicating that NFTs were sold at higher prices, possibly influenced by rising token values such as ETH. By year-end, the overall trading volume had dropped by 19%, while sales numbers declined by 18%. Despite the short-term plunging values, the global NFT market is expected to grow by $84.13 billion between 2025 and 2029, according to Technavio’s recent study . This growth is projected at an annual rate of 30.3%. The increasing demand for digital art and interest from major brands are key factors driving this expansion but uncertainty surrounding NFTs remains a challenge for the market. The post Yuga Labs Secures Major Win as SEC Closes Investigation Without Charges appeared first on CryptoPotato .
Belarusian President Alexander Lukashenko has directed the country’s energy minister to support and expand the cryptocurrency mining industry, which aims to tap into excess electricity for additional revenue. The announcement comes amid a government restructuring, with Lukashenko also citing the need to modernize Belarus’ 5,700-kilometer power grid to meet growing energy demands. In a recent statement, Lukashenko acknowledged the growing global interest in cryptocurrencies and accepted requests from those seeking opportunities in the sector. “Look at this mining. More and more people are turning to me. If it's profitable for us, let's do it. We have excess electricity. Let them produce these cryptocurrencies and the like,” he said. Related News: Analysis Company Speaks After the Fall: Shares What to Expect in Bitcoin in the Coming Months Lukashenko also drew attention to global economic trends, referring to the decision of a major economy to include cryptocurrencies in its reserves. “You see the way the world is going. And especially the world’s largest economy. Yesterday they announced that they will keep cryptocurrencies in reserves.” The Belarusian leader proposed a dual approach: attracting investors to buy electricity for mining operations, and also considering state-led mining initiatives. “So there will be demand for them. Maybe we should do it ourselves. We will attract some investors, sell them electricity, I do not rule out that. But we need to do it ourselves. There are such proposals. I think you will bypass this bureaucracy and report on what needs to be done,” he added. *This is not investment advice. Continue Reading: Another Country Takes Interest in Cryptocurrencies – They Cited the US Example, President Gives the Order
El Salvador’s President Nayib Bukele has stated that the country will continue buying Bitcoin (BTC) despite conditions set by the International Monetary Fund (IMF) in a recent financial agreement. The IMF had included restrictions on further government Bitcoin purchases as part of a $3.5 billion financing deal, but Bukele made it clear that his administration has no plans to stop accumulating the cryptocurrency. Bukele Rejects IMF’s Bitcoin Restrictions The IMF’s agreement with El Salvador includes specific measures to limit government involvement with Bitcoin, including a ban on new acquisitions. However, El Salvador’s President Nayib Bukele dismissed these restrictions, posting on social media that Bitcoin purchases would continue. “This all stops in April. stops in June. This all stops in December. No, it’s not stopping,” Bukele wrote on X. He also added, “Proof of work > proof of whining,” suggesting that his government remains committed to its Bitcoin strategy despite external pressure. The IMF’s financing deal, worth $3.5 billion, includes measures aimed at regulating the country’s Bitcoin use. One clause states that the public sector is prohibited from “voluntary accumulation of Bitcoin.” However, shortly after the IMF published this information, El Salvador announced new Bitcoin purchases, adding 19 BTC over the past week and an additional token the following day. El Salvador Continues Bitcoin Accumulation Despite the IMF’s conditions, El Salvador has continued to expand its Bitcoin reserves . Data indicates that the government now holds approximately 6,101 BTC, valued at around $530 million at current market prices. El Salvador has been purchasing one Bitcoin daily since November 2022. The latest acquisition follows multiple previous purchases made in January and February, even after the IMF agreement was finalized. The government’s actions suggest a strong commitment to its Bitcoin strategy regardless of external regulations. Michael Saylor, co-founder of MicroStrategy and a strong advocate for Bitcoin, also weighed in on the situation. Replying President Nayib Bukele’s post, Saylor wrote, “Bitcoin adoption is unstoppable,” showing his support for El Salvador’s ongoing Bitcoin strategy. IMF’s New Rules on Bitcoin Transactions The IMF’s agreement also includes broader regulatory measures related to Bitcoin. As part of the deal, the government is required to publish all wallet addresses used for Bitcoin transactions. Additionally, audited financial statements must be released for crypto-related government entities. Another key requirement is the liquidation of the Fidebitcoin trust fund by July 2025, which was originally established to support Bitcoin adoption in El Salvador. The government is also expected to withdraw from direct involvement in the Chivo Wallet system, the country’s official Bitcoin payment platform. Further amendments to the Bitcoin Law are also being introduced. These changes aim to make Bitcoin acceptance voluntary rather than mandatory for businesses. This marks a shift from El Salvador’s initial stance when it became the first country to adopt Bitcoin as legal tender in 2021. El Salvador’s Broader Tech and Economic Strategy While Bitcoin remains a key part of their financial strategy, the country is also expanding its focus on technology and economic development. Bukele recently held discussions with prominent investors, including Ben Horowitz and Marc Andreessen of a16z, regarding artificial intelligence (AI) investments. The government is considering tax incentives and regulatory frameworks to attract tech companies to the country following US footsteps under President Donald Trump who are hosting a crypto summit to ease the growth of the crypto sector. Consequently, Bukele’s administration aims to position El Salvador as a hub for innovation in Latin America while maintaining its Bitcoin strategy. Despite pressure from the IMF, El Salvador’s leadership appears determined to continue its Bitcoin acquisitions while also seeking economic growth through new technology investments. The post El Salvador’s Nayib Bukele Confirms Bitcoin Buying Continuation Despite IMF Warning appeared first on CoinGape .
Cryptocurrency traders face uncertainty due to reversing market trends. Trump's potential tariff concessions could positively impact BTC prices. Continue Reading: How Trump Could Lift Cryptocurrency Prices Again The post How Trump Could Lift Cryptocurrency Prices Again appeared first on COINTURK NEWS .