Top 5 cryptocurrencies investors should pay attention to when Trump takes office
With Donald Trump's return to the political arena, the cryptocurrency market is witnessing significant fluctuations. Below are the top 5 cryptocurrencies that investors should pay attention to, with the fifth coin potentially surprising you! 1. Dogecoin (DOGE) š Current price: $0.43 Highlight reason: Dogecoin, dubbed the "people's cryptocurrency", continues to receive strong support from Elon Musk. With high liquidity and a large supportive community, DOGE is poised to capitalize on the market's renewed optimism. Traditions show that the price of $DOGE often skyrockets during major news eventsāthe inauguration of Trump could be the next catalyst.
Crypto Market in Turmoil: Bitcoin Stocks and Cryptocurrencies Plunge
The cryptocurrency market and crypto-related stocks witnessed a sharp decline on Tuesday, as investors worried about inflation, trade tensions, and the shocking Bybit hack. Crypto Stocks Plummet Across the Board š Major companies in the cryptocurrency industry are heavily affected: Robinhood (-8%) and Coinbase (-6.4%) lost significant value. MicroStrategy, the company holding the most Bitcoin, was also dragged down.
While China maintains its ban on cryptocurrency trading and mining, recent developments suggest that the government is studying how to handle the legal issues surrounding #crypto . This could signal a shift in Chinaās approach to the digital asset market. Despite the ban, crypto continues to thrive in China through decentralized platforms and overseas exchanges. This shows that the demand for digital assets is still strong and the government cannot ignore this fact. Researching regulations on the storage, management, and liquidation of seized crypto could be the first step in building a formal legal framework in the future. On the bright side, China could be preparing for policy adjustments, similar to how it has banned and then relaxed regulations in many other areas. While the future is uncertain, one thing is certain: crypto cannot be banned outright ā it is up to individuals to choose to stay out of the game. š #anhbacong
SEC Reviews Staking Proposal in Grayscaleās Spot Ethereum ETF The U.S. Securities and Exchange Commission (#SEC ) has officially received Grayscale's filing to add a staking mechanism to #SpotEthereumETF . This is an important step that could pave the way for staking $ETH right within exchange-traded funds. According to the usual process, the SEC has up to 240 days to make a decision on a new ETF. However, since this is just an update for a previously approved ETF, the review process may occur more quickly. If approved, this would be a significant step for the Ethereum market, allowing institutional investors to benefit from staking right within the ETF without needing to operate the technical infrastructure themselves. This could increase the appeal of the Spot Ethereum ETF and boost investment flows into the crypto market. #anhbacong
Binance Lists MyShell (SHELL) and Launches HODLer Airdrop Binance officially lists MyShell (SHELL) at 20:00 on February 27, while launching the program #HODLerAirdrop for users. Previously, #SHELL was sold through IDO on #BinanceWallet , attracting significant interest from the community. The listing of this token may enhance liquidity and expand the reach of MyShell in the crypto market. Interested users can follow the details of the airdrop program and trading schedule on the Binance platform. #anhbacong
Ethereum Foundation Changes Leadership Amid Wave of Criticism
The Ethereum Foundation is undergoing a major leadership change as Aya Miyaguchi ā CEO since 2018 ā will leave her current position. This move comes amid criticism towards Ethereum for slow progress in the ecosystem, while losing ground to rival blockchains like Solana. Aya Miyaguchi Steps Down as CEO š¢ Aya Miyaguchi will take on the new role of President #EthereumFoundation ā a nonprofit organization based in Switzerland.
Solana Hits Bottom 2025: Down Over 50% Since January Peak
Solana (SOL) has fallen to its lowest price in four months, at just $132 on Tuesday, marking a drop of over 50% from its record high of $293 in January. SOL's decline occurs amid a weakening overall crypto market and concerns related to the Libra meme token scandal ā a controversial project released on the Solana blockchain. Why Did Solana Drop Sharply? š SOL fell to $132 on Tuesday, reaching its lowest level since October 2024, before a slight recovery to $144.
EU Sanctions Garantex Exchange: A Big Blow to Illegal Cryptocurrency Activity?
The European Union (EU) has included Garantex, a Moscow-based cryptocurrency exchange, in its 16th round of sanctions against Russia. According to the EU, Garantex facilitated transactions related to cybercrime, black markets, and ransomware groups like Conti, making it a key link in money laundering and sanctions evasion. Garantex ā The Bridge That Helps Russia Evade Sanctions According to a statement from the European Council, #Garantex was sanctioned for its links with Sberbank, Tinkoff Bank and Alfa-Bank ā three Russian banks that have been on the EU sanctions list since 2014.
PayPal Aims for 20 Million Merchants Using PYUSD by End of 2025
PayPal is ramping up the expansion of its PYUSD stablecoin, with the ambition of making it a popular payment method for businesses. The company aims to have 20 million merchants accepting PYUSD by the end of 2025, while growing profits by 20% by 2027. At the Investor Day in New York, PayPal executives shared their ambitious vision for PYUSD, a stablecoin that is no longer in beta and is becoming a key part of the companyās payments ecosystem.
Yesterday, Uniswap Labs ā the company behind the decentralized exchange (DEX) Uniswap, announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company without bringing any charges. This is considered an important victory for Uniswap in particular and the DeFi (Decentralized Finance) sector in general, especially in the context that many crypto companies have previously been targeted by the SEC.
Aya Miyaguchi Steps Down as Ethereum Foundation CEO, Moving to Chair Role
The Ethereum Foundation (EF) is undergoing a major leadership change as Aya Miyaguchi announced her departure from her position as Executive Director. However, she is not leaving the organization but will take on a new role as President of the Ethereum Foundation. Ethereum Foundation Changes Leadership In a personal blog post, Aya Miyaguchi confirmed that she will be stepping down as CEO, but will continue to support #EthereumFoundation as President.
Dogecoin Plunges as Meme Coin on Solana and Ethereum Collapses
The meme coin market is under pressure as the entire crypto market sells off, sending Dogecoin (DOGE) to its lowest level in months. Meme coins on Ethereum and Solana are not immune to the severe decline. Dogecoin Drops 11%, Below $0.20 for First Time Since November Dogecoin has fallen more than 11% over the past 24 hours, currently trading below $0.20 ā its lowest level since November 2024. Specifically, the price $DOGE bottomed out at $0.197 on Tuesday morning before recovering slightly to near $0.201.
Bitdeer Loses More Than Half a Billion USD, Stock Drops 20% After Developing Its Own Bitcoin Mining Chip
Bitdeer, a Singapore-based Bitcoin mining company backed by Tether, has seen its stock price plummet 20% after announcing a loss of $532 million in the fourth quarter of 2024. The main reason is that the company has invested heavily in developing its own line of Bitcoin mining ASIC chips. Bitdeer Stock Drops 20%, Hits 3-Month Low Shares on the Nasdaq fell to about $11.50 on Tuesday morning in New York, their lowest level in three months, in reaction to the company's difficult fourth-quarter financial report.
Multicoin Pours $8 Million Into Geodnet ā Crypto Project Replacing GPS With Extremely High Accuracy
Crypto investment firm Multicoin has led an $8 million investment in Geodnet by purchasing GEOD tokens, a major step forward for the DePIN project that is developing an alternative to GPS with such accuracy that it can pinpoint a location the size of a golf ball. Geodnet ā High Precision Positioning Solution For Robots & Drones Unlike the conventional #GPS , which is only good enough for navigating cars or mobile devices, Geodnet is aimed at applications that require higher precision, especially in smart agriculture and industrial automation. According to Mike Horton, the project leader, Geodnet's customers are agricultural drones and industrial robots - devices that need positioning data accurate to the centimeter.
Crypto KOL Accused of LIBRA Insider Trading, Fled Abroad After Receiving Death Threats
SolJakey, a prominent crypto influencer, said he left the country after receiving a series of death threats. The threats came amid allegations of insider trading involving LIBRA, a token tied to Argentine President Javier Milei. SolJakey and the LIBRA Connection SolJakey was found to be associated with #HaydenDavis , his brother, and crypto firm Kelsier Ventures, which helped launch LIBRA as well as MELANIA, a token associated with former US First Lady Melania Trump.
U.S. Recovers $31 Million in Cryptocurrency from the 2021 Uranium Finance Attack
The attack on the DeFi platform Uranium Finance in 2021 allowed the perpetrators to exploit a vulnerability in the smart contract, stealing $50 million in assets. Recently, U.S. authorities made a breakthrough in recovering funds from cryptocurrency crime, seizing $31 million related to this hack. Investigation and Recovery Process The Southern District of New York Attorney's Office (#SDNY ) in coordination with the San Diego Homeland Security Investigations announced the successful recovery of these funds on Twitter on Monday. The attack took place on April 28, 2021, when the hacker exploited a vulnerability in Uranium Finance's smart contract to manipulate balances and withdraw $50 million in various cryptocurrencies.
ECB Opposes Bitcoin in National Reserves: Arguments and Controversies
Is Bitcoin Unnecessary for the Economy? šØ JĆ¼rgen Schaaf, advisor to the European Central Bank (ECB), continues to emphasize the ECB's negative stance on Bitcoin, even as the U.S. considers creating a strategic reserve for BTC. š Speaking amid Bitcoin dropping below $88,000 during a major liquidation wave in the market, Schaaf stated that: š¹ Bitcoin does not have a "real economic demand" and has no significant role in the global economy.
Bitcoin fell below $88,000, dragging the entire market down On Tuesday morning, Bitcoin fell to a three-month low, dropping below $88,000, leading to a sharp decline in the entire cryptocurrency market. Major coins like Dogecoin ($DOGE ), Ethereum ($ETH ), Solana ($SOL ) and XRP all recorded double-digit losses in the past 24 hours. According to data from #CoinGecko , Bitcoin dropped to a low of $87,115 before recovering slightly to $87,657 at the time of publication, down 8% for the day and erasing last week's gains. The main reason for this drop is believed to be the lack of confirmation regarding the national Bitcoin reserve plan in the U.S., along with failed proposals for BTC reserves in states like South Dakota and Montana. Additionally, concerns about the impact of tariffs under the Trump administration and the U.S. money supply also affected market sentiment.