Category: Cryptocurrency

Bitcoin Dominance Surges to 60% of Crypto Market

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Bitcoin’s dominance in the cryptocurrency market has hit a four-year high, reaching 60% of the total market value. This trend underscores a shift in investor sentiment as traders move away from speculative altcoins and into the perceived stability of Bitcoin (CRYPTO:BTC).

With the total crypto market valued at $2.9 trillion, Bitcoin alone accounts for $1.9 trillion. This level of Bitcoin dominance was last seen in early 2021, before the altcoin boom that characterized the later months of that year.

Bitcoin Dominance and Market Caution

According to Mike Cahill, Director of Pyth Data Association, rising Bitcoin dominance is a signal that investors are taking a risk-averse stance. “When liquidity is concentrated in Bitcoin, it’s often a sign of a cautious market awaiting stronger conviction in riskier assets,” he explained.

This shift suggests that widespread altcoin rallies, like those seen in previous crypto cycles, may be less frequent. Instead, only select altcoins with strong institutional backing or clear utility are expected to thrive alongside Bitcoin.

Selective Altseason: The New Reality

Historically, Bitcoin’s dominance has fallen during market-wide crypto rallies, often referred to as “altseasons.” In 2021, nearly every token saw significant price appreciation, while Bitcoin’s market share declined.

However, recent trends indicate that only a few altcoins are closely correlated with Bitcoin’s performance. Ki Young Ju, CEO of CryptoQuant, noted that “Selective altseason is here,” pointing out that while some infrastructure coins like Ethereum (CRYPTO:ETH) have underperformed, tokens tied to institutional adoption, stablecoins, and meme coins have managed to survive.

Even with this, the era of “everything pumping” appears to be over, as investors become more cautious in the wake of previous market collapses.

Bitcoin’s Resurgence After Crypto’s Turmoil

During the peak of decentralized finance (DeFi) growth between mid-2021 and late 2022, Bitcoin’s market dominance dropped to around 40%. Investors poured funds into DeFi platforms and alternative blockchain projects, temporarily pushing Bitcoin to the sidelines.

But a series of high-profile collapses reversed that trend. The 2022 Terra Luna debacle wiped out $40 billion from the crypto ecosystem. Later that year, the FTX scandal involving Sam Bankman-Fried further eroded trust in alternative assets.

By 2023, the failure of crypto-friendly banks like Silvergate and Silicon Valley Bank deepened the crisis. Many disillusioned investors retreated to Bitcoin as the safer alternative.

Disillusionment with Altcoins Fuels Bitcoin’s Strength

Bitcoin’s dominance is not just about its own growth—it’s also a result of declining trust in altcoins. Many investors, burned by past failures, have either left the crypto space entirely or refocused their attention on Bitcoin.

Jameson Lopp, CTO of crypto custody firm Casa, observed, “More people are viewing crypto as a massive casino, and either quit the space completely or switched to Bitcoin.”

John Haar, Managing Director at Swan Bitcoin, echoed this sentiment. “Crypto, which we separate from Bitcoin, has struggled to form a new narrative to sell itself,” he said.

Many altcoin projects, Haar explained, were exposed in 2022 as being built on hype rather than substance. “A mix of speculation, flawed designs, and outright fraud left investors skeptical about the broader crypto market,” he added.

Institutional Adoption Strengthens Bitcoin’s Position

One of the biggest factors driving Bitcoin dominance is institutional adoption. The approval of Bitcoin spot ETFs in January 2024 led to a surge in demand, as major financial firms incorporated Bitcoin into their portfolios.

With Wall Street now treating Bitcoin as a macro asset, large investors are using it in risk and arbitrage strategies. According to Greg Magadini, Director of Derivatives at Amberdata, “Bitcoin has been trading on a macro picture compared with other cryptocurrencies.”

This institutional interest has not yet translated to altcoins at the same scale. While some projects have seen modest institutional adoption, Bitcoin remains the preferred digital asset for mainstream finance.

Could the Tide Turn for Altcoins?

Despite Bitcoin’s dominance, altcoins are not entirely out of the picture. Ethereum (CRYPTO:ETH) recently received approval for its own ETF, signaling potential growth.

The U.S. Securities and Exchange Commission (SEC), now under President Donald Trump’s administration, has received several ETF applications for alternative cryptocurrencies. Litecoin (CRYPTO:LTC), Solana (CRYPTO:SOL), and XRP (CRYPTO:XRP) are among the leading contenders.

JPMorgan analysts estimate that an XRP ETF could attract up to $8 billion in capital, with an estimated $800 million flowing in during its first weekend of trading. If approved, such ETFs could mark a turning point for select altcoins, allowing them to regain some market share.

Final Thoughts: Bitcoin’s Future in an Evolving Market

Bitcoin dominance at 60% highlights a fundamental shift in the crypto industry. Investors are gravitating toward Bitcoin as the safest bet in an uncertain market, reducing exposure to speculative altcoins.

While institutional adoption continues to favor Bitcoin, a select group of altcoins tied to real-world utility and regulatory approval may still thrive. However, for now, Bitcoin remains the undisputed leader in the crypto space, reinforcing its status as the digital equivalent of gold.

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SEC’s Ruling on Meme Coins Sparks New Debate

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On February 27, 2025, the U.S. Securities and Exchange Commission (SEC) announced that meme coins—cryptocurrencies inspired by internet memes and trends—are not considered securities. This ruling marks a pivotal moment in crypto regulation, following a series of dismissed cases against digital asset companies.

While this decision provides some clarity for crypto traders and developers, it also raises concerns about the long-term consequences of meme coin regulation. Critics argue that legitimizing meme coins may encourage reckless speculation, further undermining the credibility of the cryptocurrency market.

Meme Coins: From Internet Joke to Market Risk

Meme coins first gained attention with the launch of Dogecoin (CRYPTO:DOGE) in 2013. Originally created as a parody of Bitcoin, Dogecoin unexpectedly became a widely traded asset. Inspired by its success, countless other meme coins followed, many with little more than viral appeal as their primary selling point.

However, the major issue with meme coins remains their lack of inherent utility. Unlike Bitcoin (CRYPTO:BTC) or Ethereum (CRYPTO:ETH), which have defined use cases, meme coins function largely as speculative assets. Their prices are driven by hype, celebrity endorsements, and social media trends rather than fundamental value.

Meme Coin Regulation: A Double-Edged Sword

The SEC’s decision not to classify meme coins as securities may embolden new projects with even weaker foundations. In recent months, controversial launches like Donald Trump’s $TRUMP coin, $MELANIA, and Binance founder Changpeng Zhao’s “Broccoli” meme coin have fueled concerns about potential fraud and investor losses.

These projects often follow a familiar pattern: massive price surges fueled by viral marketing, only to collapse once initial hype fades. Critics argue that without stricter meme coin regulation, these speculative bubbles could become more frequent, leading to increased volatility and financial risk for retail investors.

The Future of Meme Coin Regulation

Despite the SEC’s ruling, discussions around meme coin regulation are far from over. Some lawmakers and financial analysts have called for further scrutiny, warning that unchecked speculation in this sector could damage investor confidence in legitimate cryptocurrencies.

As the crypto industry continues to evolve, the challenge remains balancing innovation with investor protection. Whether the SEC revisits its stance in the future will likely depend on how meme coins impact broader financial markets in the coming years.

Investor Caution in the Meme Coin Market

With the SEC stepping back from strict regulation, investors now bear greater responsibility for navigating the risks associated with meme coins. While some traders may see short-term gains, history has shown that meme coin prices are highly unstable. The dramatic rise and fall of Shiba Inu (CRYPTO:SHIB) in 2021, for example, demonstrated how speculative assets can skyrocket before losing most of their value within months.

Financial experts caution against investing heavily in meme coins, especially for those unfamiliar with the volatility of the crypto market. Unlike traditional investments, meme coins often lack transparency regarding their development teams and long-term roadmaps. Scams and rug pulls—where developers abandon a project after collecting investor funds—are rampant, making due diligence crucial.

Could Meme Coins Undermine the Crypto Industry?

While meme coins continue to attract attention, they also pose a potential reputational risk to the broader crypto industry. Established digital assets like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have spent years building legitimacy, attracting institutional investment and real-world applications. However, the explosion of meme coins—many of which rely on hype rather than substance—could create skepticism among regulators, investors, and traditional financial institutions.

If the trend continues unchecked, meme coin speculation could overshadow the more serious advancements within blockchain technology. Instead of focusing on decentralized finance (DeFi), smart contracts, and other innovations, the crypto space risks becoming associated with get-rich-quick schemes and financial instability.

Final Thoughts: What’s Next for Meme Coin Regulation?

For now, meme coins remain in legal limbo—free from SEC oversight but still subject to scrutiny from investors and financial watchdogs. While this might fuel further growth in the short term, it also increases the likelihood of market manipulation and large-scale losses.

As more governments and financial institutions examine the role of cryptocurrencies, future regulation may target meme coins more directly, particularly if their impact on retail investors becomes more severe. Until then, the best defense against the risks of meme coins is education, caution, and a critical approach to investment opportunities in the ever-evolving world of crypto.

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WUSD Now Accepted at Iconic Metro Department Store Through dtcpay Integration

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SINGAPORE, Feb. 27, 2025 /CNW/ — Worldwide Stablecoin Payment Network (WSPN) is pleased to announce that its flagship stablecoin, WUSD, is now accepted at Metro Department Store through dtcpay’s innovative payment solution. This development marks a significant milestone in bringing stablecoin technology to mainstream retail, as shoppers at one of Singapore’s most iconic department stores can now use WUSD for their everyday purchases.


(PRNewsfoto/WSPN)

The integration follows dtcpay’s recently announced partnership with Metro Department Store, which enables customers to pay with popular stablecoins including USDT, USDC, and WUSD. This expansion in WUSD acceptance demonstrates the growing utility of Stablecoin 2.0 in real-world retail environments, positioning WUSD among the select digital assets available for Metro shoppers from day one.

“We’re thrilled to see WUSD becoming available to the public at Metro Department Store through our partnership with dtcpay,” said Raymond Yuan, Founder & CEO of WSPN. “This represents exactly the kind of practical, everyday utility that Stablecoin 2.0 was designed to deliver. As more consumers experience the convenience and stability of using WUSD for retail purchases, we expect to see accelerated adoption across the broader market.”

Metro customers can now enjoy the benefits of using WUSD for their shopping needs, including the stability and security that comes with a digital asset pegged 1:1 to the US dollar. The integration allows shoppers to pay directly with WUSD at checkout, creating a seamless experience that makes digital assets more accessible and practical for everyday use.

This development builds upon the strategic partnership between WSPN and dtcpay announced in October 2024, which established WUSD as a key digital payment option within dtcpay’s expanding merchant network. The addition of Metro Department Store to this network represents a significant step forward in mainstream retail adoption of stablecoin technology, with WUSD being at the forefront of this innovation.

About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.ioX | LinkedIn

About dtcpay
dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of stablecoin acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

Learn more at dtcpay.com.

About Metro
Metro is one of Singapore’s most iconic & beloved department stores, offering a wide range of products across fashion, beauty, home essentials, and more. With a legacy of trust and quality, Metro continues to innovate to meet the evolving needs of its customers.

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SOURCE WSPN

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Bitcoin Price Prediction: Crash and Rebound Expected

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Bitcoin’s volatility continues to dominate market discussions, with analysts offering diverse forecasts on its next move. This week, Bitcoin price prediction models suggest an upcoming drop followed by a sharp rebound, driven by technical patterns and market forces.

After briefly entering a bear market and bottoming at $82,177, Bitcoin (BTC) has recovered slightly, trading around $86,200 following strong earnings from Nvidia (NASDAQ:NVDA). However, an astrology-based crypto analyst warns that Bitcoin’s decline isn’t over yet and may continue until March 13 or 14, aligning with the upcoming Lunar Eclipse.

Bitcoin’s Lunar Eclipse Crash Theory

A well-known but anonymous crypto analyst has predicted that Bitcoin and altcoins will experience further losses in the coming weeks. His analysis is based on astrological cycles, particularly Saturn conjunction, which is historically linked to market contractions and economic slowdowns.

According to his Bitcoin price prediction, the ongoing sell-off will intensify before March 13, when the Lunar Eclipse occurs. In astrology, such celestial events are associated with emotional shifts and market reversals, suggesting Bitcoin could rebound shortly after the eclipse.

Fundamental Factors Driving Bitcoin’s Decline

Beyond astrology, several fundamental market factors support the bearish outlook for Bitcoin:

  1. Bitcoin ETF Outflows

Recent data from SoSoValue shows that spot Bitcoin ETFs have suffered consecutive outflows over the past seven days, indicating that American investors are stepping back. This lack of institutional demand adds selling pressure on BTC.

  1. U.S. Tariff Uncertainty

Political uncertainty could also weigh on Bitcoin. Former U.S. President Donald Trump has hinted at the possibility of new tariffs on imports, creating additional market volatility. Earlier this month, Bitcoin’s price dropped sharply when he announced tariffs on Mexican and Canadian goods.

Technical Indicators Point to More Downside

  1. Bearish Candlestick Patterns

Bitcoin’s price chart has formed a Three Dark Crows pattern, a classic bearish reversal signal indicating a potential continuation of the downtrend. The current rebound might be a bull trap, luring buyers before another drop.

  1. Ichimoku Cloud Breakdown

BTC has also moved below the Ichimoku Cloud, a sign of strong downward momentum. This suggests the market sentiment remains bearish, reinforcing the possibility of a deeper correction.

  1. Double Top Formation

A double top pattern has emerged, with a neckline at $89,107. The price has already broken below this key support level, and if the pattern completes, Bitcoin could drop 18% from this point, potentially reaching $73,613—its March 2024 high.

Bitcoin Price Outlook: When Will BTC Rebound?

Despite these bearish signals, many analysts believe Bitcoin will recover in the long run. If the astrology-based Bitcoin price prediction holds true, a reversal around mid-March could set the stage for another bull run.

Key factors to watch for a Bitcoin rebound include:

✅ Institutional buyers re-entering the market after ETF outflows stabilize.

✅ A decrease in macroeconomic uncertainty, especially regarding tariffs.

✅ Bitcoin’s halving event, which historically triggers long-term price increases.

Conclusion: Short-Term Pain, Long-Term Gain?

The Bitcoin price prediction for the next few weeks suggests a potential crash before a rebound. While technical and fundamental indicators point to further downside, the Lunar Eclipse theory predicts a recovery around mid-March.

For investors, this period may present buying opportunities if Bitcoin reaches key support levels. However, the market remains highly volatile, making risk management crucial.

Conclusion: Short-Term Pain, Long-Term Gain?

The Bitcoin price prediction for the next few weeks suggests a potential crash before a rebound. While technical and fundamental indicators point to further downside, the Lunar Eclipse theory predicts a recovery around mid-March.

For investors, this period may present buying opportunities if Bitcoin reaches key support levels. However, the market remains highly volatile, making risk management crucial.

Despite the near-term bearish outlook, long-term fundamentals remain strong, with increasing institutional adoption, regulatory clarity, and the upcoming Bitcoin halving expected to drive future gains. If Bitcoin follows historical cycles, a deep correction could be followed by a significant rally, making this a critical time for investors to stay informed.

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Crypto Criminal Transactions Hit $40B in 2024: Report

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The world of digital assets continues to evolve, and so do the tactics of cybercriminals. According to blockchain analytics firm Chainalysis, crypto criminal transactions surpassed $40 billion in 2024. As new data emerges, the total is expected to exceed $51.3 billion, making it one of the highest on record.

Despite these staggering figures, illicit transactions now represent a smaller percentage of overall crypto activity, thanks to increased institutional adoption and tighter regulatory oversight. However, criminals have adapted, shifting from Bitcoin (BTC) to stablecoins as their preferred method of laundering funds.

Stablecoins Lead in Crypto Crime

Chainalysis reports that stablecoins now dominate illicit crypto transactions, accounting for 63% of total criminal activity in the sector. In contrast, Bitcoin’s role in illegal dealings has dropped significantly, now making up just 20% of illicit funds, compared to 70% in 2021.

This shift suggests that criminals prefer dollar-pegged digital assets due to their liquidity, speed, and reduced price volatility. Stablecoins allow for faster cross-border transfers, making them an efficient tool for money laundering and fraud.

Altcoins and Privacy Coins Gain Popularity

While stablecoins have taken center stage, other cryptocurrencies are still used for illicit transactions. Chainalysis found that:

10% of criminal activity involves altcoins, such as Ethereum (ETH) and other digital assets.

Privacy coin Monero (XMR) remains a favorite for dark web transactions due to its enhanced anonymity features.

These findings suggest that while Bitcoin’s influence in crypto-related crimes is waning, cybercriminals are diversifying their methods to evade detection.

Institutional Adoption Shrinks Crypto Crime Ratio

Despite the rise in crypto crime volume, the percentage of illicit transactions relative to total trading activity has declined. In 2024, illicit transactions made up just 0.14% of total crypto volume, compared to 0.61% in 2023.

This drop is largely attributed to institutional adoption. Major Wall Street firms and financial institutions have entered the space, increasing legitimate trading volumes. The approval of spot Bitcoin ETFs and Ethereum-based investment products has significantly boosted legal crypto transactions.

Regulatory Efforts to Curb Crypto Crime

Governments and regulatory bodies worldwide are taking steps to combat crypto-related financial crimes. Some key developments include:

The U.S. Securities and Exchange Commission (SEC) increasing scrutiny over crypto exchanges and DeFi platforms.

The European Union’s MiCA (Markets in Crypto-Assets) regulations, aiming to enhance transparency in crypto transactions.

Law enforcement agencies targeting illicit crypto transactions, leading to seizures of stolen funds and shutdowns of dark web marketplaces.

These efforts, combined with advanced blockchain analytics tools, are making it more difficult for criminals to hide stolen funds and operate freely.

Future Trends in Crypto Crime

Looking ahead, experts predict:

Greater use of decentralized finance (DeFi) for illicit transactions as criminals seek to bypass traditional financial controls.

More AI-driven fraud schemes, leveraging deepfakes and synthetic identities to scam investors.

Enhanced tracking and anti-money laundering (AML) measures, making it harder for bad actors to exploit digital assets.

As governments and private companies continue tightening security measures, the battle against crypto criminal transactions will likely intensify.

Conclusion: A Shifting Crypto Landscape

While crypto criminal transactions hit $40 billion in 2024, their overall market share is shrinking due to institutional growth and regulatory oversight. However, criminals are adapting tactics, with stablecoins, privacy coins, and altcoins becoming the preferred tools for illicit financial activities.

As law enforcement agencies increase their focus on blockchain analytics, and as more legal frameworks emerge, the crypto sector is heading toward a more regulated and transparent future.

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Bybit Confirms Security Integrity Amid Safe (Wallet) Incident – No Compromise in Infrastructure

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DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today issued an important update to the community on the ongoing forensic investigation into the recent security incident. Our preliminary findings reaffirm the integrity of Bybit’s infrastructure while providing crucial insights into the nature of the attack.

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The forensic review into the targeted attack by the Lazarus Group concluded that the credentials of a Safe developer were compromised. This allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.

Bybit had engaged third-party forensic experts, including Verichains and Sygnia Labs, to conduct an independent review. Both forensic experts have found no indications of any compromise within Bybit’s infrastructure as confirmed in SAFE’s own statement relating to the compromise of its own environment.

Full report can be downloaded here: https://docsend.com/view/s/rmdi832mpt8u93s7

Bybit’s Immediate Response and Future Measures

Bybit had moved the majority of funds out of its Safe Wallet administered addresses on the  day of the incident. Ensuring the safety and security of our users remains our top priority.  We actively evaluate alternative wallet solutions for custody that meet the highest security standards.

Bybit is and remains 100% secure. Our preliminary forensics experts have concluded that our infrastructure was not compromised. We will continue to enhance our security measures and collaborate with top security experts to uphold our commitment to user safety.

Statement from Ben Zhou, Co-founder and CEO of Bybit:

“Bybit remains steadfast in our commitment to security and transparency. The preliminary forensic review finds that our system was not compromised. While this incident underscores the evolving threats in the crypto space, we are taking proactive steps to reinforce security and ensure the highest level of protection for our users.”

#Bybit / #TheCryptoArk 

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Bybit Earn Pilots OpenAPI Integration into Flexible Savings

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DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing trading features and seamless experiences by introducing the OpenAPI functionality on Bybit Earn. Available now for Flexible Savings products on Bybit Earn, the upgrade will help users make better informed decisions faster, and offer an unobstructed view of their asset performance in their own preferred set-up.

The OpenAPI integration supports multiple trading and data point extraction scenarios, marking an advancement in automated asset management capabilities for users of Flexible Savings on Bybit Earn.

What it means:
Users now have the option to programmatically manage their Bybit Earn Flexible Savings positions through API endpoints, significantly improving efficiency for institutional clients and professional traders who manage multiple positions.

Feature Highlights:

  • Staking & Redemption: Users can now create staking and redemption orders more efficiently using the API.
    The API integration supports both Unified Trading Accounts (UTA) and Funding Accounts, enabling users to personalize their asset management style. This means users can integrate Bybit Earn Flexible Savings directly into their automated trading strategies or portfolio management tools.
  • Information Queries: Users can easily query their orders, positions, and product details (such as the maximum staking limit and estimated APR) via the API.
    This feature also allows for real-time data retrieval, enabling users to make informed decisions quickly. For example, a user can programmatically check the current APR of a Flexible Savings product and adjust their staking strategy accordingly.
Bybit Earn Pilots OpenAPI Integration into Flexible Savings

“This integration is another step forward in our mission to provide institutional-grade trading and earning capabilities for high-calibre users,” said Joan Han, Sales and Marketing Director at Bybit. “By extending API functionality to our Flexible Savings product, we continue to meet the users’ increasing demands for more powerful tool to optimize their yield strategies.”

Availability and Documentation
The initial release starts with the Flexible Savings product suite, with potential expansion to other Earn products planned for future updates. The integration is supported by detailed API documentation and technical resources to ensure smooth implementation for users, available through Bybit’s official API documentation portal. Users may find out more at: https://bybit-exchange.github.io/docs/v5/earn/product-info

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

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ALL INDIVIDUALS WHO PURCHASED OR ACQUIRED IMPACT THEORY FOUNDER’S KEYS BETWEEN OCTOBER 13, 2021, AND DECEMBER 6, 2021

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COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.

NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585

For more information, visit www.ImpactTheoryFairFund.com

The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.

The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).

The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).

A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401.

Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:

  1. purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
  2. submitted a timely Claim Form;
  3. suffered a Recognized Loss as calculated under the Plan; and
  4. not been an Excluded Party under the Plan.

How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.

If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.

The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.

This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com

 

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SOURCE Simpluris Inc.

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Robinhood Crypto Expansion Gains Momentum Under Trump

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Robinhood Markets (NASDAQ:HOOD) is accelerating its crypto expansion strategy under the Trump administration, capitalizing on a friendlier regulatory environment. Once known for meme stock trading, Robinhood is now pushing deeper into cryptocurrency services, diversifying beyond traditional brokerage offerings.

With SEC scrutiny easing and crypto markets rallying, the company is poised for major growth. Here’s how Robinhood Crypto Expansion is set to reshape the industry.

Robinhood Eyes Global Crypto Dominance

Robinhood made headlines with its $200 million acquisition of Bitstamp in 2024, a move designed to strengthen its crypto trading platform. While regulatory pressures from the SEC previously slowed its progress, the company is now ready to ramp up its global presence.

Chief Financial Officer Jason Warnick emphasized that Robinhood wants its crypto business to be global and as big as possible. The recent appointment of crypto advocate Paul Atkins as SEC chair under Trump could remove roadblocks that hindered Robinhood’s growth in the sector.

Crypto Trading Revenue Surges for Robinhood

Robinhood has already seen significant financial benefits from its crypto expansion. In Q4 2024, the company generated $358 million in revenue from crypto trading alone, accounting for more than half of its total transaction-based revenue.

The trading volume on the platform skyrocketed from $14 billion in Q3 to $71 billion in Q4, fueled by renewed interest in Bitcoin and other digital assets. This surge highlights Robinhood’s increasing role in the crypto ecosystem.

Tokenization: The Future of Stock Trading?

One of Robinhood’s most ambitious projects is exploring tokenization, which involves putting real-world assets like stocks on the blockchain. According to Warnick, tokenization could revolutionize how equities are traded, improving efficiency and transparency.

Robinhood is urging the SEC to clarify regulations on which tokens qualify as securities or commodities, enabling U.S. platforms to compete with global players in blockchain-based trading.

Robinhood’s Push Into Stablecoins

Stablecoins are another key component of Robinhood Crypto Expansion. The company has joined forces with other crypto firms to create the Global Dollar Network, which operates with its own stablecoin, USDG.

This initiative allows Robinhood to settle trades outside of standard banking hours and could open up new opportunities for users to earn yield on stablecoin holdings.

Competing With Coinbase in the U.S. Market

With regulatory pressure easing, Robinhood is positioning itself as a direct competitor to Coinbase (NASDAQ:COIN). Analysts predict that the company’s aggressive approach to launching crypto products could steal market share from existing platforms.

John Todaro, a senior research analyst at Needham, stated that Robinhood is now free to pursue innovation without SEC constraints, allowing it to scale its crypto offerings faster than ever.

Maintaining Cost Discipline Amid Expansion

Despite its ambitious crypto push, Robinhood remains committed to cost control. The company plans to keep cost growth in its existing business to low single-digit percentages while ensuring new product launches are lean and efficient.

By maintaining financial discipline, Robinhood aims to reduce risks associated with the volatile crypto market while maximizing long-term profitability.

Conclusion

Robinhood’s crypto expansion is gaining traction under the Trump administration, with regulatory barriers lifting and market conditions improving. The company’s focus on global growth, tokenization, and stablecoin innovation positions it as a rising force in the industry.

As Robinhood accelerates its crypto strategy, investors will be watching closely to see if it can sustain momentum and challenge established players like Coinbase.

By leveraging a more crypto-friendly regulatory landscape, Robinhood is strategically positioning itself for long-term success. Its ability to innovate in tokenization, stablecoins, and global crypto services could reshape the industry. If the company executes its expansion plan effectively, it may emerge as a dominant player in the next phase of digital finance.

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FloppyPepe Token Surges After Elon Musk’s Tweet

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One tweet has once again sent the crypto market into a frenzy. Tesla (NASDAQ:TSLA) CEO Elon Musk unknowingly sparked a 500% surge in FloppyPepe Token, fueling speculation that this little-known cryptocurrency could follow in Dogecoin’s (CRYPTO:DOGE) footsteps. With crypto insiders buzzing about its potential, could FloppyPepe Token be the next big meme coin?

Elon Musk’s Influence on FloppyPepe Token

Elon Musk has a long history of shaking up the crypto space with a single tweet, and this time is no different. On December 31, 2024, Musk changed his X (formerly Twitter) profile name to “Kekius Maximus” and updated his avatar to a Pepe the Frog meme.

Almost immediately, the FloppyPepe Token saw its value skyrocket by 500%. While Musk never directly mentioned the token, his association with the Pepe meme drove investors into a buying frenzy. A similar scenario unfolded with Dogecoin, which saw its price explode after Musk frequently tweeted about it.

Crypto analysts now wonder: Is FloppyPepe Token the next Dogecoin?

FloppyPepe Token: More Than Just Hype?

Unlike many meme coins driven purely by hype, FloppyPepe Token is integrating artificial intelligence (AI) into its ecosystem. The project features AI-powered tools such as:

AI Video Agent: Generates high-quality meme videos.

AI Text-to-Image Agent: Transforms text prompts into unique images.

By blending AI technology with meme culture, FloppyPepe Token is positioning itself as more than just another viral cryptocurrency—it’s aiming to be a creative movement in the digital space.

FloppyPepe Token’s Deflationary Model

One key factor that sets FloppyPepe Token apart is its deflationary tokenomics model. The project burns 1% of all transactions, reducing the overall supply and potentially increasing value over time. This mechanism helps fight inflation, making the token more scarce as its adoption grows.

Additionally, holders benefit from passive income opportunities, earning 1% on every transaction through staking rewards. This incentive structure has contributed to FloppyPepe Token’s rapidly growing community.

Security and Expansion Plans

FloppyPepe Token isn’t just about hype; it has taken steps to ensure security and transparency. The project has undergone a rigorous audit by Solidproof, reinforcing trust within the crypto space.

It also has ambitious expansion plans, aiming to operate across multiple blockchains, including Binance Smart Chain (CRYPTO:BNB) and Polygon (CRYPTO:MATIC). This cross-chain functionality could significantly boost adoption and scalability.

FloppyPepe Token Presale Gains Momentum

Interest in FloppyPepe Token is soaring, with its private sale raising $907,200 in just 24 hours. The presale is ongoing, with the token currently priced at $0.0000002, making it an attractive entry point for early investors.

To further cement its place in the meme economy, FloppyPepe Token has partnered with a top-tier artist to create exclusive, hand-drawn digital artwork inspired by Matt Furie’s original Pepe the Frog.

Could FloppyPepe Token Be the Next Dogecoin?

While it’s too early to say whether FloppyPepe Token will reach the heights of Dogecoin, it has strong momentum behind it. With:

Elon Musk’s indirect influence

AI-powered utilities

A deflationary model

Security audits and multi-chain expansion

FloppyPepe Token is shaping up to be more than just another short-lived crypto trend.

Conclusion

In the unpredictable world of crypto, one Musk tweet can change everything. FloppyPepe Token has surged by 500%, fueled by meme culture and AI-driven utility.

Will it become the next Dogecoin? That remains to be seen—but for now, crypto insiders are watching closely. If FloppyPepe Token maintains its momentum, it could cement itself as a leading meme coin. Its AI-powered ecosystem, deflationary model, and strong community support give it the potential to last beyond the initial hype. Investors should keep an eye on its development, as projects that combine technology with strong branding often stand the test of time in the ever-evolving cryptocurrency landscape.

Featured Image: Freepik @ produtizebro

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