Crypto News

Aave deploys its lending markets on the Sonic blockchain

March 4, 2025 1 min read

Aave has launched its lending markets on Sonic, a new high-performance blockchain that evolved from Fantom. This marks Aave’s first Layer 1 expansion in 2023. The decision to deploy Aave version 3 on Sonic came after a governance vote by the Aave Chan Initiative. Sonic rebranded from Fantom and launched its mainnet in December 2024. The network has a total value locked of over $700 million. It also offers a

Cardano co-founder says XRP deserves its place in the US crypto reserve

March 4, 2025 1 min read

Charles Hoskinson, co-founder of Cardano, supports President Trump’s decision to include XRP in the US crypto reserve. He believes that XRP’s utility makes it deserving of this role. Hoskinson responded to Peter Schiff, who questioned the need for an XRP reserve. Trump announced that the reserve would also include Bitcoin, Ethereum, Solana, Cardano, and other valuable cryptocurrencies. Schiff, a long-time critic of Bitcoin, expressed skepticism about the idea of a

The SEC agrees to dismiss its lawsuit against Kraken without penalties

March 4, 2025 1 min read

Kraken announced on Monday that the US SEC has agreed to dismiss its lawsuit against the crypto exchange. This dismissal is with prejudice, meaning the case is permanently closed. There are no penalties, no required changes to Kraken’s business, and no admission of wrongdoing. The SEC filed the lawsuit in November 2023. They claimed that Kraken exchange had been operating as an unregistered securities exchange for years. The SEC also

Cameron Winklevoss urges countries to build Bitcoin reserves

March 4, 2025 1 min read

Cameron Winklevoss, co-founder of the Gemini crypto exchange, emphasizes the importance of a strategic Bitcoin reserve for nations. He argues that having a Bitcoin reserve is essential for national security and self-sufficiency. Winklevoss believes that countries that delay accumulating Bitcoin will face higher costs and lose financial sovereignty. He compares Bitcoin to other critical resources like gold and oil, stating that stockpiling Bitcoin is necessary to reduce reliance on adversaries.

CME Group announces that it will roll out Solana futures on March 17

March 4, 2025 1 min read

CME Group will launch Solana (SOL) futures on March 17, pending regulatory approval. This announcement was made on February 28. The new product will include two contract sizes: a micro contract for 25 SOL and a larger contract for 500 SOL. Giovanni Vicioso, the global head of cryptocurrency products at CME Group, stated that the launch is in response to growing client demand for regulated products to manage cryptocurrency price

Onyxcoin (XCN) surges by over 30%

March 4, 2025 1 min read

The crypto market has recently recovered from a bearish phase, gaining 8%. Bitcoin and Ethereum have shown modest increases, but Onyxcoin (XCN) has emerged as a standout with a significant rise of 30%. Onyxcoin attempted a breakout rally and has shown a strong recovery. It rose from a low of $0.01519 to $0.02065. The altcoin has successfully broken through key resistance levels at $0.01674 and $0.01944. This gives Onyxcoin potential

Bybit hackers are near completing the laundering of $1.5 billion in stolen ETH

March 3, 2025 1 min read

North Korean hackers involved in the Bybit breach are close to laundering 499,000 ETH, valued at around $1.5 billion. They have already moved about 70% of the stolen funds and expect to complete the process in three days. The hackers used various methods, such as intermediary wallets and decentralized exchanges, making it hard for investigators to track the stolen ETH. Criticism has grown against Circle, the issuer of the USDC

Cardano (ADA) surges 60% after being included in Trump’s US Crypto Reserve

March 3, 2025 1 min read

Cardano (ADA) has seen a significant increase of 60% after the announcement of President Donald Trump’s US Crypto Reserve. This surge has pushed ADA above the $1 mark for the first time in over a month. Before this announcement, Cardano had been experiencing a downtrend for six weeks. The recent price movement has sparked optimism among investors. The MVRV Long/Short Difference indicator shows that long-term holders are making profits, indicating

President Trump proposes a US Crypto Reserve to strengthen the digital asset sector

March 3, 2025 1 min read

President Donald Trump announced that XRP, Solana (SOL), and Cardano (ADA) will be part of the US crypto reserve. This announcement followed his signing of an executive order to create a working group focused on digital assets. The group’s goal is to assess the potential for a national digital asset stockpile and to develop clear regulations for the crypto industry. Trump’s initiative responds to what he sees as attacks on

Chinese authorities warn about scammers impersonating DeepSeek developers

March 3, 2025 2 mins read

Chinese authorities have issued a warning about scammers posing as developers of a blockchain project called DeepSeek. These fraudsters used misleading tactics to attract investors, claiming that DeepSeek was a secure and efficient investment platform. They also distributed fake DeepSeek applications that contained malware, putting users’ data at risk. DeepSeek gained attention in January when its AI model matched OpenAI’s performance on certain benchmarks at a lower cost. This excitement

Boerse Stuttgart Digital is helping DekaBank launch crypto trading for institutional clients

March 3, 2025 2 mins read

Boerse Stuttgart Digital is partnering with DekaBank, a major German investment bank, to help it enter the cryptocurrency trading market. This partnership will provide regulated infrastructure for crypto trading, focusing on institutional clients. It marks a significant move for DekaBank into digital assets. Boerse Stuttgart Digital will ensure secure access to crypto trading through its regulated brokerage solution. This collaboration follows Boerse Stuttgart Digital Custody receiving a full license under

Bank of America’s CEO Brian Moynihan reveals the firm is considering launching a stablecoin

March 2, 2025 2 mins read

Bank of America’s CEO, Brian Moynihan, announced that the bank is considering launching its own stablecoin. This decision depends on new regulations in the U.S. Moynihan believes that stablecoins could transform the financial industry, similar to how the bank was the first major U.S. bank to launch a mobile app. The regulation of stablecoins is gaining attention. The CFTC is working on a pilot program, and Congress is taking bipartisan