Crypto News
ADA, XRP, SOL Dive 21% to Reverse All Gains From Trump’s Strategic Reserve Plans
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...
AI Cloud Provider CoreWeave Files for IPO After Breakout Year
The AI infrastructure provider is eyeing a $35 billion valuation after transforming its crypto mining business six years ago.Source link
Latam Insights Encore: IMF’s Deal Is Clear: Want Funds? Drop Bitcoin!
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the dynamics between the IMF and the Salvadoran government can serve as a framework for countries seeking to engage with bitcoin and the institution. Latam Insights Encore: IMF to ModelSource link
THORChain Sees Record $4.6B Volume After Bybit’s $1.4B Hack
THORChain, a decentralized protocol enabling users to swap cryptocurrencies across various blockchains, has seen what can be described as an unwanted windfall after the Bybit hack.The protocol processed $4.66 billion in swaps in the week ended March 2, the highest tally on record, according to data source DefiLlama. The tally exceeded the $1 billion mark on Sunday alone.The surge in activity follows the hack of the crypto exchange Bybit on Feb. 22, which saw the North Korean malicious entity walk away with $1.4 billion in ether. Per observers, the entity used THORChain to swap and launder funds, resulting in a record activity on the platform."Starting from the initial Bybit Exploiter wallet, funds were sent across a further stretching net of...
Grayscale Pursues Sixth Altcoin ETF as Nasdaq Seeks to List Hedera Fund
Approving multiple smaller assets for Grayscale's ETFs could help pave the way for an index ETF, a source told Decrypt.Source link