Author: James Wilson
MOVE rebounded from its recent drop after Donald Trump’s World Liberty Financial made a significant investment in the altcoin, sparking speculation of a possible inclusion in the government’s strategic cryptocurrency reserve. After hitting an all-time low of $0.391121 on March 4, 2025, amid escalating trade war concerns, Movement (MOVE) rebounded to an intraday high of $0.505 on March 6, posting double-digit gains of roughly 29.1%. As per the last check during the Asian afternoon session, its gains stood at over 33% from its local low on Tuesday. The altcoin’s market cap was seated at over $1.15 billion, while its daily…
Kraken confirmed it will begin the next round of FTX payouts on May 30, covering claims both below and above $50,000. According to FTX creditor representative Sunil’s recent post on X, Kraken has begun sending emails to FTX users, confirming that the next round of FTX payout distribution will take place on May 30. This distribution, which marks the second round of FTX repayments, will cover claims both below and above $50,000. FTX Claims DistributionDistributor: Kraken@krakenfx has started sending out emailsto FTX customers confirming the Next FTX distribution 30th May 2025Claims <$50k and Claims> $50k are included in this distribution…
Sanctioned crypto exchange Garantex has shut down its services shortly after Tether froze nearly 2.5 billion in worth of USDT in Russian rubles. Russia‘s largest and sanctioned cryptocurrency exchange Garantex has temporarily shut down all of its services after Tether froze over 2.5 billion rubles worth of USDT. “Dear users! We have bad news,” Garantex said in a March 6 statement on Telegram. “Tether has waged war against the Russian crypto market and blocked our wallets for more than 2.5 billion rubles.” The exchange announced it is “temporarily suspending all services, including cryptocurrency withdrawals,” while its team works to resolve…
KaitoAI has placed Paradigm at the top of its latest rankings with an 11.80% performance metric, followed by Dragonfly, Alliance, a16z, and 1kx. Paradigm ranks first in KaitoAI’s latest crypto venture capital rankings with an 11.80% performance metric. Alliance follows in second place with 10.64%, while Dragonfly holds the third position with 8.32% of total VC funding. a16z crypto ranks fourth with 6.94%, and Multicoin Capital rounds out the top five with 5.86%. Source: X post by 0xRory Founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, Paradigm has a track record of backing crypto projects…
Hex Trust has received a Major Payment Institution License from the Monetary Authority of Singapore, allowing it to offer cross-border money transfer services. Cryptocurrency custodian Hex Technologies Pte. Ltd. said on Thursday, March 6, it received a license from the Monetary Authority of Singapore that would allow it to offer a “fully-integrated solution” including custody, over-the-counter trading, and settlement, including fiat on and off ramps. In a press release shared with crypto.news, Calvin Shen, CEO of Hex Technologies Pte. Ltd., said Singapore remains a “key market” for Hex Trust, adding that the milestone now allows the custodian to double down…
Ethereum price surged 6% in the past 24 hours, reclaiming the $2,300 level despite weakening decentralized finance metrics. According to data from Defi Llama, in February, Ethereum’s (ETH) total value locked fell to $50 billion from a peak of $71 billion in January. Additionally, decentralized exchange volumes have been declining as capital flows into alternate ecosystems such as layer 2s and Solana (SOL). DEX volume fell from $92 billion in December to $82 billion in February, a 11% decline. Ethereum network fees, on the other hand, have decreased from $142 million in January to barely $46 million in February, indicating…
New Hampshire is the latest U.S. state to advance a Bitcoin reserve bill to the House, with its House committee clearing the proposal on March 5. According to Bitcoin Laws, House Bill 302 passed the House Commerce and Consumer Affairs Committee in a 16-1 vote. The proposal was introduced by Republican Keith Ammon on Jan. 7. NEW HAMPSHIRE Update:Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee.The vote was 16 – 1 pic.twitter.com/7DpzFzxgda— Bitcoin Laws (@Bitcoin_Laws) March 6, 2025 HB302 proposes allowing New Hampshire’s treasurer to invest up to 5% of the general fund, revenue stabilization…
Arbitrum’s price jumped 12.9% on Thursday after Robinhood announced its listing, though ARB is still down more than 80% since its all-time high. Ethereum’s layer-2 solution, Arbitrum (ARB), is now available for trading on Robinhood, joining Bitcoin (BTC), Ethereum (ETH), Solana (SOL), as well as other altcoins. In an X post on Wednesday, March 5, the U.S.-based online brokerage platform said users can trade ARB via its crypto-focused arm called Robinhood Crypto. Following the announcement, Arbitrum’s price soared 12.98% to $0.4258. However, even with the rally, the token remains 82% below its peak of $2.26, which it reached in January…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Remittix is surging in its presale, raising over $13.5 million as investors bet on its blockchain-powered payment solution. Remittix (RTX) is gaining momentum with its presale, giving early investors a chance to join its payment network. With over $13.5 million raised and more than half of the tokens sold, investor confidence is high. While Cardano (ADA) and Solana (SOL) struggle to regain their balance, Remittix is set to transform the market with its unique features. With strong presale demand,…
Donald Trump’s World Liberty Financial has made another significant crypto investment, acquiring $21.5 million worth of Ethereum, Wrapped Bitcoin, and Movement Network tokens. According to a Mar. 6 X post by on-chain analytics platform Spot On Chain, the transactions were executed using USDC from a newly created multi-signature wallet, with $3.5 million still remaining in the wallet. The fund acquired 4,468 Ethereum (ETH) for $10 million at an average price of $2,238, 110.6 Wrapped Bitcoin (WBTC) for $10 million at $90,420 per coin, and 3.42 million Movement (MOVE) tokens for $1.5 million at $0.439 each. Arkham Intelligence data shows WLFI…