Crypto News
Trump Trade Policies Spark Altcoin Sell-Off: Ethereum, Meme Coins, and Solana Hit Hardest
The cryptocurrency market plunged on Feb. 25, 2025, with altcoins suffering outsized losses amid economic uncertainty fueled by President Donald Trump’s tariff policies. At press time, the crypto economy stands at $2.91 trillion, down more than 6% over the last day. Crypto Market Tumbles: Altcoins Face Steep Declines The crypto market’s total capitalization fell bySource link
CoinDesk 20 Performance Update: Hedera (HBAR) Falls 12% as All Assets Trade Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2822.97, down 7.2% (-218.33) since 4 p.m. ET on Monday.None of the 20 assets are trading higher.Leaders: APT (-3.8%) and DOT (-4.7%).Laggards: HBAR (-12.0%) and AAVE (-11.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform
The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval. VARA has instructed the company to cease all unlicensed operations and imposed a fine. The regulator said MKAN Coin’s activities expose users to significant financialSource link
Dubai Approves Circle’s Stablecoins USDC and EURC for Use in DIFC
Circle's stablecoin's USDC and EURC got approval for use and promotion within the Dubai International Financial Centre, the company said in a statement on Monday. The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the DIFC, the statement said. "With this approval, financial institutions and fintechs operating in the DIFC can integrate USDC and EURC into digital asset services, payments, treasury management, and a range of financial applications," the company said. The recognition of Circle's stablecoins is a game-changer, Ryan Lee, Chief Analyst at Bitget Research said in a statement. "This move enhances trust in stablecoins amid regional volatility, boosts Circle’s competitive stance against Tether’s USDT dominance, and could reshape the $157 billion...
Feds Recover $31 Million in Crypto From 2021’s Uranium Finance Exploit
The 2021 Uranium Finance hack saw attackers exploit a smart contract vulnerability, draining $50 million in assets.Source link