Crypto News
XRP Takes a Breather After Running to $3 as Trump’s Crypto Reserve Takes Shape
XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL).The payments-focused cryptocurrency rallied 25% within hours of Trump’s Truth Social post, reaching $3, but has since pulled back to $2.6 at press time. Prices have pulled back to the descending trendline from Jan. 16 highs.Among technical indicators, the relative strength index (RSI), which measures if price is moving too fast, rose to 70 late Sunday and has retraced to 48 from above-70 or overbought readings observed late Sunday, signaling potential for a renewed move higher.However, prices remain below the 50-hour SMA ($2.65), signaling weakness, while the broader 200-hour SMA ($2.50) supports that...
White House Crypto Czar David Sacks Confirms He Sold Digital Assets Before Taking Role
Sacks sold his digital assets before joining the Trump administration, though his venture firm maintains investments in the industry.Source link
Tether Unveils Plan to Bring Green Energy to Africa
Tether CEO Paolo Ardoino explained that the concept involves the installation of solar-powered kiosks in Africa to recharge batteries, with payments made through a monthly subscription in bitcoin, USDT, or local currency. Tether Plans to Enter the Retail Battery Charging Business in Africa Tether, the multi-billion-dollar stablecoin company, has revealed a new business model thatSource link
Metaplanet Bought the Dip, Purchased a Further 156 BTC
Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin.Also, according to Simon Gerovich, CEO of Metaplanet, the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to introduce their platforms and functions."We are considering the best way to make Metaplanet shares more accessible to investors around the world," Gerovich said in an X post.Metaplanet is up approximately $21.3 million on its bitcoin strategy, while its shares are up 20% in Monday's market, with shares at...
Metaplanet Acquires Additional 156 Bitcoin, Expanding Treasury Holdings
Japanese investment firm Metaplanet has announced the acquisition of an additional 156 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 2,391 BTC. The latest purchase was made at an average price of approximately $86,160 (12,952,147 yen) per bitcoin, totaling about $13,440,377 (2.021 billion yen). This acquisition is part ofSource link