Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000. Santiment’s social sentiment tracker found that traders’ discussions on various social media channels like X, Reddit and Telegram between Feb. 25 and 26 are “showing a very high…
Bitcoin’s price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful, according to the founder of a crypto fund. “Some broader macro data still looks poor, but it also wouldn’t surprise me if we put in a near-term floor locally given the significant level of fear and…
Update (Feb. 28 at 3:51 am UTC): This article has been updated to reflect the total amount of liquidations and industry reactions to Bitcoin’s price movement. Bitcoin has fallen under $80,000 for the first time since November amid mounting macroeconomic uncertainty over US President Donald Trump’s proposed tariffs. On Feb. 27, Bitcoin (BTC) plummeted to…
Ripple has announced a strategic partnership with BDACS, a prominent digital asset custody firm in South Korea, on Thursday. The collaboration aims to advance institutional-grade custody services and expand the digital asset ecosystem, particularly for XRP and RLUSD, within the country’s evolving regulatory landscape. Ripple Lands Next Major Customer For Custody Service Monica Long, President…
Decentralized exchange Uniswap has entered into a partnership with trading platform Robinhood and a number of payment platforms to facilitate crypto-to-fiat transactions. Starting on Feb. 27, users in more than 180 countries can sell supported crypto assets to deposit funds directly into their bank account through Robinhood, MoonPay and Transak, Uniswap announced. It added that…
According to a recent report by Dawn, Pakistan is set to establish a National Crypto Council to oversee digital asset regulation in the country. This decision marks a significant policy shift as Pakistan moves toward embracing cryptocurrencies, a stance that contrasts with its previous resistance. Pakistan To Create Crypto Council Since US President Donald Trump’s…
The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug. “The thing people don’t really know about is that the government, in many cases, went to founders of…
The Federal Bureau of Investigation has implicated North Korean-backed hacking groups in a major cryptocurrency heist involving $1.5 billion in digital assets. The cyberattack targeted Bybit, a Dubai-based cryptocurrency exchange, making it one of the largest crypto thefts publicly known. This incident has drawn attention to North Korea’s ongoing role in cyber-enabled financial crimes. FBI…
A subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has become a validator for layer-1 blockchain Injective. Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, according to the Feb. 27 blog post from Injective. Eric Chen, CEO of Injective, said the…
ChatGPT-maker OpenAI’s upcoming model could be as much as 20 times more costly than its predecessor but will be far more creative and “natural” in its conversational style, according to OpenAI and early testers. OpenAI released a research preview of GPT-4.5 on Feb. 27, its most advanced AI model, which can recognize patterns, draw connections,…
