Author: Mahamat Ashraf

Article written by Mahamat Ashraf

Ethereum Foundation moves 50,000 ETH

February 9, 2025 1 min read

Ethereum (ETH) is currently priced at $2,666.49, showing a slight increase of 1.91% over the last day. Its market capitalization has reached $321.4 billion, also up by 1.92%. However, the trading volume has significantly dropped by 48.83%, now at $15.15 billion, indicating less trading activity. Recently, the Ethereum Foundation moved 50,000 ETH, valued at $131.66 million, to a multi-signature wallet for DeFi (Decentralized Finance) activities. This action aligns with community

Dutch court releases the founder of Tornado Cash from prison

February 8, 2025 2 mins read

On February 7, 2025, Alexey Pertsev, the founder of Tornado Cash, was released from prison after several months. A Dutch court decided to end his pretrial detention, but he will remain under house arrest and monitored electronically. His case has drawn attention from those concerned about privacy and cryptocurrency, marking a significant moment in his legal battle. Pertsev had been detained since 2022 due to allegations of money laundering linked

Over $3 billion in Bitcoin and Ethereum options are set to expire today

February 7, 2025 1 min read

Today, over $3 billion worth of Bitcoin and Ethereum options are set to expire. This large volume of contracts is drawing attention from traders. They are closely monitoring how macroeconomic changes and Trump’s trade policies will affect short-term price movements. In the Bitcoin market, there are more buy contracts than sell contracts. This suggests that investors are feeling optimistic. However, the price point that is causing the most losses for

Senator Hagerty introduces the GENIUS Act to regulate stablecoins

February 6, 2025 1 min read

US Senator Bill Hagerty has introduced the GENIUS Act, a bill focused on regulating payment stablecoins. This legislation aims to enhance the US dollar’s dominance in the digital currency space. It follows an earlier draft discussed in October, marking a significant move towards establishing a legal framework for stablecoin transactions. The GENIUS Act defines payment stablecoins as digital assets used for payments, which are pegged to a stable value. The

Donald Trump’s World Liberty Financial faces a loss of over $50 million

February 3, 2025 1 min read

Donald Trump‘s new tariff system is causing turmoil in global markets, especially in the cryptocurrency sector. In the early hours in Asia, Bitcoin (BTC) and Ethereum (ETH) saw significant drops, with BTC falling over 6% and ETH plummeting more than 20%. In just 24 hours, the crypto market experienced over $2.2 billion in liquidations, leading to a total market cap decline of more than 11%. The impact of Trump’s tariffs

Mantra (OM) surges by over 50%

January 31, 2025 1 min read

The real-world asset (RWA) tokenization platform MANTRA (OM) has seen a significant price increase of over 50% in the past week. On January 31, it reached an all-time high of $5.87. This surge is linked to a new partnership with DAMAC Group, a luxury real estate firm in Dubai. Currently, MANTRA is trading at $5.47, with a market cap of $5.27 billion, reflecting a 14.99% increase. The trading volume has

Virtuals Protocol expands to Solana

January 27, 2025 1 min read

Virtuals Protocol, a decentralized platform for AI agents, has expanded to the Solana blockchain, marking a key step in its multichain growth. This move, announced on January 25, aims to improve accessibility and innovation for developers across different ecosystems. The decision to expand to Solana is based on its speed, scalability, and active developer community. EtherMage, the lead developer, views this as essential for building a diverse multichain ecosystem. Teams

Coinbase CEO Brian Armstrong champions Bitcoin over gold

January 24, 2025 2 mins read

Coinbase CEO Brian Armstrong has stated that Bitcoin is a “better form of money” than gold. He highlights Bitcoin’s scarcity, portability, and divisibility as major benefits. Armstrong predicts that Bitcoin’s market cap, currently around $2 trillion, could exceed gold’s $18 trillion in 5 to 10 years. He encourages governments to invest part of their gold reserves in Bitcoin, viewing it as a more reliable store of value. Armstrong‘s comments followed

Ethereum Foundation may start staking its ETH reserves to fund operations

January 22, 2025 2 mins read

The Ethereum Foundation is considering staking its ETH reserves to cover operational costs. Co-founder Vitalik Buterin shared insights on this potential decision, noting past hesitations and ongoing challenges. Historically, the Foundation avoided staking due to regulatory risks and concerns about maintaining neutrality during hard forks. Buterin mentioned that regulatory concerns have lessened over time, but the neutrality issue remains. If the Foundation stakes ETH, it might have to take sides

Justin Sun announces Tron’s USDD 2.0 stablecoin with 20% APY

January 17, 2025 1 min read

Justin Sun has announced the launch of USDD 2.0, a new version of Tron’s stablecoin, offering a 20% annual percentage yield (APY). Tron will fully subsidize this yield, and Sun claims the company has enough funds to support it. However, the community is skeptical due to the issues faced by USDD 1.0. USDD 1.0 was launched in 2022 with a 30% APY, which was later reduced due to market instability.

MicroStrategy just acquires 2,530 BTC for $243 million

January 14, 2025 1 min read

MicroStrategy just acquired 2,530 BTC for $243 million MicroStrategy recently filed an 8-K form with the SEC, revealing it paid an average of $95,972 for each Bitcoin in its latest investment. Currently, Bitcoin is valued at $91,777, indicating a loss of about 4.4% on this investment. The company holds around 450,000 BTC, purchased at an average price of $62,691, totaling about $28.2 billion. This amount is over 45.5% lower than

Russia seizes 2,718 Bitcoin worth $10 million from ex-ICRF official

January 11, 2025 1 min read

Russian authorities have confiscated about $10 million in Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF). The seizure included 103 Bitcoin stored in a Ledger Nano X hardware wallet. This event highlights Russia’s approach to digital assets in legal matters. Tambiev’s case is linked to the largest bribery scandal in Russian history, involving a bribe of 2,718 BTC, valued at approximately $258