Crypto News

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

The Ethereum Foundation (EF) announces a major leadership change

March 2, 2025 1 min read

The Ethereum Foundation (EF) has announced a significant leadership change. Hsiao-Wei Wang and Tomasz Stańczak will become the new co-executive directors. This change follows Aya Miyaguchi’s decision to step down and take on the role of EF’s president. The Ethereum community has been discussing the foundation’s role for several months. Many members have criticized its leadership due to Ethereum’s recent struggles. The price of Ether (ETH) has not performed well

Texas’ Bitcoin Reserve bill moves to the Senate

March 2, 2025 2 mins read

The Bitcoin Reserve bill in Texas is moving forward after a unanimous 9-0 vote in the Business and Commerce Committee. The bill will now go to the Senate for more discussion and a final vote. The bill’s progress in Texas is a positive step, but it shows the divide among Republican states on Bitcoin Reserve laws. Many states, like Montana, have rejected similar bills, leading to divisions in the crypto

US Congressman introduces Act to ban meme coins

March 2, 2025 2 mins read

Congressman Sam Liccardo has introduced the MEME Act. This bill aims to curb the rise of political meme coins, like the TRUMP token. It seeks to penalize those who create or endorse such coins. Although the bill may not pass, it highlights concerns about fraud in the crypto space, especially involving political figures. The TRUMP token’s launch caused controversy. Many investors were new to crypto, making them easy targets for

President Trump to host the first-ever White House Crypto Summit

March 2, 2025 1 min read

President Donald Trump will host the first White House Crypto Summit on March 7. This event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets. David Sacks, the White House AI and Crypto Czar, shared this on X. The summit comes after Trump’s recent executive order. This order forms a group to help make America a leader in cryptocurrency. Sacks will lead

The SEC decides to stop regulating meme coins

March 2, 2025 1 min read

The SEC has decided to stop regulating meme coins as securities, classifying them instead as collectibles. This is a major change in how U.S. regulators view meme coins. While the SEC will not enforce securities laws on these coins, other agencies like the CFTC may still act against fraud related to them. This decision could lead to more innovation in the meme coin market but raises concerns about potential scams.

Ethereum Whales Sell 440,000 ETH in 7 Days, but They Are Buying This Altcoin

March 2, 2025 5 mins read

Top analyst Ali Martinez has identified a surge in whale sell-offs on the Ethereum (ETH) platform. According to him, more large-scale Ethereum holders have been caught up in the buying pressure as more investors liquidate their ETH holdings. However, there seems to be a new development as Ethereum holders are trading in their ETH tokens to buy this new altcoin. RCO Finance (RCOF) is a fresh project that offers innovative

Tether (USDT) holds 98.5% of the market share on Tron Network

March 2, 2025 1 min read

A major player has emerged in the stablecoin market on the Tron network. The USDT stablecoin is now the main choice for value transfers and trading. A recent analysis by CryptoQuant shows that USDT makes up 98.5% of the stablecoin supply on Tron. This makes it the clear leader in the market. USDT has a circulating supply of $62.76 billion out of nearly $64 billion on the Tron network. Other

Switzerland rejects Bitcoin as a reserve currency

March 2, 2025 1 min read

Martin Schlegel, the head of Switzerland’s central bank, has rejected Bitcoin as a reserve currency. He believes Bitcoin is illiquid and highly volatile. In an interview, Schlegel stated that cryptocurrencies do not meet the essential requirements for a healthy currency. He became the president of the Swiss National Bank (SNB) in October 2024. Schlegel pointed out that Bitcoin and other crypto are too unstable to be part of a nation’s

The US SEC drops its case against MetaMask

March 1, 2025 2 mins read

The US SEC has decided to drop its case against ConsenSys, which operates the MetaMask wallet. They no longer believe that the wallet violates securities laws. Joseph Lubin, the CEO of ConsenSys, welcomed this decision. He praised the SEC’s new leadership for being supportive of innovation and investors. This is the sixth case the SEC has dismissed against crypto firms this week, indicating a change in their enforcement strategy. However,

Over $5.8 billion in Bitcoin and Ethereum options set to expire today

March 1, 2025 1 min read

Today, a large amount of Bitcoin and Ethereum options worth $5.79 billion is set to expire. This includes $4.68 billion in Bitcoin options and $1.11 billion in Ethereum options. Traders are paying close attention to the put-to-call ratios and the max pain points. For Bitcoin, the max pain point is much higher than its current price. This could lead options sellers to push prices up as the expiration date approaches.

Why Solana Whales Are Pouring Millions Into FX Guys—The Secret Is Out!

March 1, 2025 3 mins read

Solana whales are making bold moves, shifting millions into FXGuys, a Top PropFi Project revolutionizing the crypto trading landscape. The shift signals confidence in high potential altcoins that offer real utility and strong rewards. With FXGuys now in Stage 3 presale at just $0.05 and raising over $4 million, traders and investors are taking notice. But what’s fueling this migration of funds? The answer lies in the project’s smart prop