Crypto markets have lost more than 12% or almost $400 billion since the Sunday peak, and one of the largest losers has been Ethereum. ETH prices crashed to their lowest levels in 16 months, plunging 15% to $2,035 during early trading in Asia on Tuesday morning. The last time ETH traded below $2,000 was in November 2023, as the asset was slowly thawing from crypto winter. Ethereum has now returned to bear market levels and has dumped 50% since it tapped $4,000 in early December 2024. ETH Death Predicted Analyst ‘Nebraskangooner’ looked at the monthly timeframe chart and identified a double-top formation before predicting that prices would break down to the $1,200 level. This would send ETH back to bear market lows from late 2022 when it bottomed out at around $1,100. $ETH Monthly double top confirmed. Measured pattern breakdown target is somewhere close to $1200 https://t.co/2T4JCzBloh pic.twitter.com/mM29h3LOtI — Nebraskangooner (@Nebraskangooner) March 4, 2025 Analyst Dana Marlane commented that Ethereum has broken its uptrend and “appears to have confirmed a double top that could take price back to $1,000.” The ETH angst was shared among other analysts. “Ethereum may genuinely be one of the worst charts I have ever seen,” said Arete Capital managing partner McKenna. Ethereum may genuinely be one of the worst charts I have ever seen. pic.twitter.com/4nOWi0ZuyH — McKenna (@Crypto_McKenna) March 3, 2025 The ‘Anonymous Crypto Predictions’ feed said that ETH needed to close above the 200-week moving average as it did last week. This long-term trend indicator is currently around the $2,500 level, and ETH is well below that. Additionally, the ETH/BTC ratio, or price of ether in terms of bitcoin, fell to a five-year low of 0.024 this week as the asset tanked. #Ethereum – The key level to watch is the 200 weekly (black line). We need to close back above that like we did last week. Expect lots of manipulation and volatility. pic.twitter.com/aIskRebYqV — Anonymous | Crypto Predictions (@Crypto_Twittier) March 4, 2025 Flight to Risk-Off Many were questioning why crypto was crashing in such a bullish environment in the United States following years of being persecuted under the Biden administration. The Kobeissi Letter explained that the real driver here is the global move towards the risk-off trade and assets. “As trade war tensions rise and economic policy uncertainty broadens, ALL risky assets are falling. This was seen in stocks, crypto and oil prices, which all fell sharply today.” Moreover, Bitcoin is no longer seen as a store of value, having decoupled from gold, which hit an all-time high in late February. When Bitcoin falls, the digital lemmings follow, and Ethereum has been the first off the cliff. What is happening with crypto? Crypto markets are now worth -$100 billion LESS than they were prior to the US Crypto Reserve announcement. Over the last 24 hours, crypto has erased -$500 BILLION of market cap in a massive reversal. Here’s what you need to know. (a thread) pic.twitter.com/xlsqsnQKKd — The Kobeissi Letter (@KobeissiLetter) March 4, 2025 The post Ethereum Tanks to 16-Month Low as Analysts Predict Plunge to $1,200 appeared first on CryptoPotato .
Binance has integrated the GPS token into its trading platform, reflecting its ongoing commitment to enhancing security solutions in the cryptocurrency sector. The addition of GPS underscores Binance’s strategic focus
The post Nasdaq Filing for Grayscale Hedera ETF: What It Means for HBAR Price appeared first on Coinpedia Fintech News The Nasdaq Stock Market LLC’s move to file a 19b-4 form with the United States Securities and Exchange Commission to list and trade Grayscale’s spot Hedera ETF has created immense excitement in the cryptocurrency market , especially the Hedera market. In the last seven days, the Hedera price has experienced a surge of 17.5%. In the last hour alone, the market has grown by around 0.5%. Let’s analyse the scenario deeper. Nasdaq Files for Grayscale’s Hedera ETF It was on Monday that the Nasdaq filed the form with the US SEC to list and trade the spot HBAR ETF of Grayscale. For an ETF to be traded on a major stock exchange, the exchange needs SEC approval. Nasdaq files 19b-4 to list & trade Grayscale Hedera ETF (HBAR)… pic.twitter.com/lbuyymptU7 — Nate Geraci (@NateGeraci) March 3, 2025 A 19b-4 form is a key regulatory document that facilitates the introduction of new investment products like ETFs into the stock market. As soon as the SEC acknowledges the filing, the regulator beings the approval process. For this reason, the filing is a crucial step in the process. HBAR’s Strong ETF Approval Chances It was not the first time that the Nasdaq approached the SEC to seek its approval to list and trade a spot Hedera ETF. Earlier, a 19b-4 form was submitted to the US SEC for the spot HBAR ETF of Canary Capital. Importantly, renowned ETF analyst Eric Balchunas recently predicted that Hedera and Litecoin ETFs have the best chance of winning the approval of the SEC compared to other Altcoin ETFs. Hedera: Everything One Should Know Simply put, Hedera is a public network where anyone can build and use applications. Instead of using a traditional blockchain, Hedera uses a technology called “hashgraph.” This technology is designed to be faster, more secure, and more efficient than many blockchain systems. According to Jonathan Dotan , the founder of EQTYLAB, “Hedera’s enterprise-grade infrastructure, backed by a Council of global leaders like Dell Technologies, sets it apart from other blockchains by providing the scalability and security essential for bringing Verifiable Compute to market. Its visionary leadership team has long shaped the network to meet real-world business needs, positioning it as a trusted platform for enterprise adoption.” HBAR Price Reaction In the last 30 days, the Hedera market has seen a drop of 18.7%. However, in the last seven days, it has experienced a rise of 17.5%. In the last one hour alone, the market has surged by over 0.5%. The total market cap of HBAR is $9,543,646,221. Its 24-hour trading volume stands at $756,217,012.
PayPal and HDFC Bank-backed Mintoak has acquired Digiledge in a $3.5 million deal, marking the first acquisition in India’s central bank digital currency space. Mintoak, an Indian ecommerce startup that facilitates merchant payments, has acquired Digiledge in a deal worth around $3.5 million, marking the first acquisition in India’s CBDC area, Reuters, has learned , citing sources close to the matter. With Digiledge, which specializes in CBDC and bill payments, Mintoak’s partner banks — HDFC Bank, Axis Bank, and SBI — could offer payment solutions in e-rupee, India’s form of CBDC. With the acquisition, Mintoak CEO Raman Khanduja says the firm wants to make it “easier for merchant acquirers to grow and help more small and medium enterprises access digital tools and financial services.” You might also like: India’s CBDC platform hits 5m users 20 months after pilot launch India’s central bank, the Reserve Bank of India, launched its e-rupee pilot in December 2022. Initially, only banks could use it, but the scope expanded to payment firms in April 2023. The e-rupee adoption has been sluggish, with the RBI reporting 1 million retail transactions by late June 2024, a milestone reached only after local banks introduced incentives and partially paid employee salaries using the state-issued digital currency. The RBI had previously urged banks to increase transactions to at least 1 million per day by late 2023 to test the system’s scalability. However, this push has since ceased, casting doubt on the future of the digital currency initiative due to the gap between incentivized metrics and actual user adoption. Read more: India’s central bank signals no rush for digital currency implementation
El Salvador's continued Bitcoin investments amid IMF conditions highlight its commitment to crypto, potentially impacting its financial policies. The post El Salvador buys Bitcoin dip, adding 5 BTC amid price plunge to $83,000 appeared first on Crypto Briefing .
The SEC has dismissed its lawsuit against Kraken with prejudice, marking a broader retreat from crypto enforcement actions and signaling a potential shift in regulatory strategy. Regulatory Case Ends Without Penalties The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Kraken with prejudice, preventing the regulator from refiling the case in the future. The crypto exchange confirmed the development, stating that the case was dropped without any admission of wrongdoing, penalties, or required changes to its business operations. Kraken framed the SEC’s decision as a pivotal moment for the crypto industry in the United States, suggesting it signals the end of a politically driven crackdown that has hampered innovation and investment. The exchange expressed optimism about a more stable regulatory landscape moving forward. The announcement from Kraken added, “The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory—it’s a turning point for the future of crypto in the US. It ends a wasteful, politically motivated campaign, lifts uncertainty that stifled innovation and investment, and clears the path toward a stable, forward-thinking regulatory regime. Legal Battle and Regulatory Uncertainty The SEC initially sued Kraken in November 2023, accusing the platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency. The regulator alleged that Kraken facilitated the trading of crypto asset securities without proper registration, depriving investors of key protections such as audits, disclosures, and oversight. Kraken denied the allegations and countered that the SEC had not provided clear guidelines on whether digital assets should be classified as securities. The exchange filed a motion to dismiss the case, citing regulatory uncertainty and a lack of fair notice. While a federal judge allowed certain aspects of Kraken’s defense to proceed, the SEC continued to pursue its claims until now. Broader Implications for Crypto Regulation Kraken acknowledged the role of the new leadership at the SEC and the White House in influencing the decision, suggesting a shift in regulatory priorities. The company credited what it described as “bold and thoughtful” leadership for fostering a new era of crypto innovation. Senior Advisor Marco Santori celebrated the outcome, stating, “We beat the SEC! Congratulations to the best legal team in crypto. Fighting—and beating—the SEC was not foretold. Lawyers, lobbyists, and everyone in between… We had to earn it.” SEC Cases Dropping like Flies The dismissal follows a series of dropped crypto-related enforcement actions by the SEC under Acting Chairman Mark Uyeda. The regulator recently abandoned cases against Gemini, Consensys, Robinhood, and Uniswap, while also agreeing to dismiss its lawsuit against Coinbase with prejudice. With the SEC scaling back its aggressive stance against crypto firms, industry participants are hopeful that future regulatory efforts will provide clearer guidelines rather than rely on enforcement-driven approaches. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Recent developments in the cryptocurrency market showcase Solana’s (SOL) volatile journey amid changing investor sentiment and macroeconomic factors. The recent endorsement of Solana’s inclusion in strategic reserves has triggered substantial
Major tokens Cardano's ADA, XRP, and Solana's SOL plummeted 21% on Tuesday, just days after a dramatic surge fueled by President Donald Trump’s announcement of a U.S. crypto strategic reserve, erasing all gains sparked by the initial excitement. The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted. Trump’s Sunday declaration that the reserve would include ADA, XRP and SOL, alongside bitcoin (BTC) and ether (ETH) ignited a market frenzy, with ADA soaring over 60%, XRP climbing 33%, and SOL jumping 22% within hours. The promise of a government-backed crypto stockpile was hailed as a game-changer, with analysts predicting it could legitimize digital assets and drive institutional adoption. However, the rally proved short-lived amid profit-taking and a general risk-off mood in broader equity markets. “Trump's latest tariff announcements on Canada, Mexico, and China caused a massive selloff of crypto assets, completely reversing the previous day's crypto strategic reserve gains,” Kevin Guo, director of HashKey Research, said in a Telegram message. “Despite a slew of pro-crypto deregulation initiatives and supportive policies, investors view cryptocurrencies as risk assets strongly bound by the performance of the US equity market.” On Tuesday, China announced a 15% tariff on the import of various items after Trump, doubled the tariff on imports from China to 20%. The U.S. President also confirmed that 25% tariffs on goods from Mexico and Canada would be effective on Tuesday. Bitcoin is down 9% in the past 24 hours amid the macroeconomic chaos, trading at $84,000 as of Asian afternoon hours. Ether lost 12% and trades just above $2,000 — its lowest since 2023. With a White House Crypto Summit scheduled for Friday, investors are now bracing for more clarity — or further turbulence — depending on what emerges from the talks.
North Korea’s Lazarus Group has reportedly laundered all the 499,000 ETH, roughly $1.39 billion, stolen from the Bybit hack in just 10 days. According to a Mar. 4 post on X by on-chain analyst EmberCN, who has been tracking the stolen funds, much of the Ethereum ( ETH ) was funneled through THORChain ( RUNE ), a decentralized cross-chain liquidity protocol, and converted into Bitcoin ( BTC ). 黑客已经把从 Bybit 盗取的 49.9 万枚 ETH ($13.9 亿) 全部清洗完了，整个过程历时 10 天。 ETH 价格在这个过程中下跌了 23% (从 $2,780 跌到现在的 $2,130)。 而黑客洗钱使用的主要通道 THORChain 也因黑客洗钱获得了 $59 亿的交易量跟 $550 万的手续费收入。 本文由 #Bitget ｜ @Bitget_zh 赞助 https://t.co/osoKNzFhkG pic.twitter.com/QUWuMmV6zH — 余烬 (@EmberCN) March 4, 2025 THORChain has handled $605 million in transactions in the last 24 hours alone. The platform has received criticism for its involvement in facilitating illegal transactions, after recording $5.9 billion in volume and collecting $5.5 million in fees during the laundering process. One critic on X referred to THORChain’s response as “negligence at best, greed at worst.” While other protocols acted accordingly to stop the movement of stolen funds, THORChain validators did not take any meaningful action. Pluto, a core contributor, resigned in protest after a governance proposal to halt ETH transactions was rejected. You might also like: Binance pushes for stricter security regulations following $1.4b Bybit hack Meanwhile, Bybit CEO Ben Zhou has since provided an update on the movement of the stolen assets. In a Mar. 4 post on X, he revealed that 77% of the stolen funds remain traceable, while 20% have gone dark, and 3% have been frozen. 3.4.25 Executive Summary on Hacked Funds: Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen. Breakdown: – 83% (417,348 ETH, ~$1B) have been converted into BTC with 6,954 wallets (Average 1.71 btc each) . This and… — Ben Zhou (@benbybit) March 4, 2025 According to Zhou, 83% of the laundered funds were converted into Bitcoin, distributed across 6,954 wallets, with 72% ($900 million) of these funds passing through THORChain. Moreover, after being transferred through ExCH, 16% of the assets became untraceable, and the OKX Web3 Proxy processed another 8% ($100 million). Bybit has since launched Lazarusbounty.com, a fund-tracking website, and it is providing bounties to exchanges that help recover the stolen assets. So far, $2.17 million in rewards have been paid to 11 bounty hunters, with Mantle, Paraswap, and ZachXBT among the top contributors. Read more: Safe Wallet responds to Bybit hack with major security improvements
Copyleaks found that 74.2% of text generated by Deepseek-R1 closely resembles OpenAI’s stylistic patterns, suggesting potential unauthorized reliance on OpenAI’s model during training. This raises concerns about intellectual property, transparency, and ethical AI practices. Copyleaks used a rigorous method involving three AI classifiers to analyze stylistic fingerprints, achieving high precision. This discovery allows for model-specific