The Trump administration is reportedly looking into buying Bitcoin, according to White House advisor David Sacks. This comes after a new executive order, which outlines two separate initiatives involving cryptocurrency. Two Bitcoin Initiatives The order establishes a “strategic reserve” of Bitcoin, using approximately 200,000 Bitcoins already seized by the government. This reserve will focus solely…
President Trump’s recent executive order establishing a national Bitcoin and cryptocurrency reserve sent shockwaves through the crypto market. The announcement, which involved using seized crypto assets instead of auctioning them off, led to a quick $5,000 drop in Bitcoin’s price. A Sudden Price Drop Bitcoin (BTC) plummeted from around $90,251 to $85,091 within an hour…
Crypto analyst Ali Martinez is predicting big things for Stellar (XLM), a cryptocurrency focused on payments and cross-border transactions. He believes it’s poised for a significant price jump. Stellar’s Bullish Flag Martinez, who boasts over 129,000 followers on X (formerly Twitter), sees a bullish flag pattern forming on Stellar’s three-day chart. He suggests that a…
A little-known cryptocurrency, Renzo (REZ), has seen a massive price jump after Coinbase announced it would list the token. Coinbase Adds Renzo Support Coinbase, one of the biggest cryptocurrency exchanges in the US, revealed plans to add support for Renzo (REZ), an Ethereum-based liquid restaking token. Trading is expected to begin on March 6th, 2025,…
A fake cryptocurrency, the “National Hong Kong Coin” (HKONG), was promoted on X (formerly Twitter) by an account pretending to be Hong Kong’s Chief Executive, John Lee Ka-chiu. This cleverly disguised scam used Solana’s Pump.fun launchpad and targeted the recent surge in popularity of political memecoins. The Scam Unveiled The imposter account, “@JohnLeeKa_Chiu,” announced the…
A meme coin platform called Pond.fun got hit hard – a whopping $230,000 worth of Ether (ETH) was stolen! The culprit? Apparently, one of their own. The Lead Engineer’s Shady Dealings It looks like Genesis, Pond.fun’s lead engineer, is the prime suspect. He allegedly used his special access to drain the platform’s liquidity pools. To…
Bitcoin’s price has been all over the place lately, but is adoption still growing? Let’s dive in. Small Fry Are In, Big Fish Are Out? A recent report from Santiment, an on-chain analytics firm, shows interesting trends in Bitcoin adoption. They looked at the number of Bitcoin addresses holding different amounts of BTC, dividing them…
Bitcoin’s hashrate, a measure of the total computing power used to mine Bitcoin, has seen a significant rebound. This suggests that miners are feeling more optimistic about the future of Bitcoin. What is Hashrate? The hashrate is basically how much computing power is being used by all the Bitcoin miners combined. A higher hashrate means…
Crypto analyst Kevin Svenson predicts a significant rally for altcoins, fueled by a potential increase in the global money supply. He shared this bullish outlook with his 82,800 YouTube subscribers. Global Money Supply: The Key to Altcoin Growth? Svenson’s analysis centers on the relationship between the global money supply (M2) and altcoin performance. He claims…
An artificial intelligence (AI) focused cryptocurrency, Kaito (KAITO), has seen a massive price jump after being listed on Upbit, South Korea’s biggest crypto exchange. Kaito’s Big Day The news sent KAITO’s price soaring over 45%. It climbed from a low of $1.49 to a high of $2.17 before settling around $1.76. With a market cap…
