Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy. However, revenue has since tanked 93% to […]
Monthly Archives: March 2025
Defunct crypto exchange Mt. Gox moved almost a billion worth of Bitcoin, the second large BTC transfer in a week, as Bitcoin’s price fell to a four-month low on March 11. Of the 11,833 Bitcoin (BTC) moved, 11,501 ($905.1 million) were sent into a new wallet, while the remaining 332 Bitcoin ($26.1 million) were transferred […]
The Trump administration may be intentionally creating uncertainty in the stock markets to corner Federal Reserve chair Jerome Powell into lowering interest rates, according to a market commentator. Doing so increases the likelihood that the US won’t need to refinance around $7 trillion in debt it owes over the next few months, Bitcoin commentator Anthony […]
The reporting of crypto scams in the United States is currently handled by a patchwork of agencies that should be streamlined to better protect consumers, says Coinbase chief security officer Philip Martin. “It’s a very fragmented ecosystem. Where do you report these things? Well, you go here, you go there, you go somewhere else,” Martin […]
A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they […]
A California financial regulator says users reported seven new types of crypto and AI scams that it hadn’t seen before through thousands of complaints in 2024. The California Department of Financial Protection and Innovation (DFPI) said in a March 10 statement that it received 2,668 complaints in 2024 and found seven types of scams they […]
Today in crypto, Elon Musk’s X platform has been targeted by a cyberattack, while crypto exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week. Meanwhile, Utah’s senate has passed a Bitcoin bill — but without the originally proposed Bitcoin reserve provision. Elon Musk: There […]
Today in crypto, Elon Musk’s X platform has been targeted by a cyberattack, while crypto exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week. Meanwhile, Utah’s senate has passed a Bitcoin bill — but without the originally proposed Bitcoin reserve provision. Elon Musk: There […]
Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate […]
The X social media platform has been hit with a “massive cyberattack” that has prevented some users from accessing the site, platform owner Elon Musk confirmed on March 10. “We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk said. […]