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Justin Sun bailed out $500M stablecoin TUSD, report

Justin Sun bailed out $500M stablecoin TUSD, report Court filings in Hong Kong and reporting from CoinDesk have revealed that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves became stuck in First Digital Trust and it became effectively insolvent, unable to redeem its tokens.  This runs contrary to certain public claims by TrueUSD that during the period in question, it continued to claim that it was backed “1:1” by US dollars — even after it started having redemption issues with First Digital. These claims relate to TrueUSD’s relationship with First Digital Trust, which was its primary asset manager.  TrueUSD trusted First Digital to manage its reserve, and First Digital Trust invested in trade finance on its behalf. TrueUSD has since alleged that it was unable to redeem those funds and that First Digital directed some assets to another firm, “Glass Door,” apparently without permission f...

BlackRock Registers as a Crypto Asset Firm in the UK

$10 trillion asset manager BlackRock has officially registered as a crypto asset firm in the UK, according to the Financial Conduct Authority. It joins a list that includes the likes of Coinbase, PayPal, and Revolut to register as such in the UK. This allows BlackRock to operate its new European Bitcoin exchange-traded product as a UK entity. JUST IN: BlackRock officially registers as a crypto asset firm in the UK. — Watcher.Guru (@WatcherGuru) April 1, 2025 “We have rejected submissions that didn’t include key components necessary for us to carry out an assessment, or the poor quality of key components meant the submission was invalid,” the FCA says on its website. Also Read: BRICS President Eyes Increased De-Dollarization as US Trade War Lingers BlackRock’s iShares Bitcoin ETP was listed on the Euronext stock markets in Paris and Amsterdam last week. It launched with a fee waiver of 10 basis points. This reduces its expense ratio to 0.15% until the end of the year. “It reflects...

Here’s What Bitcoin Needs To Do To Confirm Bullish Breakout, According to Trader Who Nailed 2024 BTC Correction

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A crypto analyst known for accurately calling Bitcoin’s pre-halving correction last year believes that BTC needs to reclaim a key technical indicator as support to regain bullish momentum. Pseudonymous crypto strategist Rekt Capital tells his 542,600 followers on the social media platform X that BTC appears to be mirroring its price action in 2021 when Bitcoin consolidated between two key exponential moving averages (EMAs) on the weekly chart. According to Rekt, Bitcoin must convert the 21-week EMA into support to trigger the resumption of bullish price action. “Earlier this week, Bitcoin rejected from the 21-week EMA resistance (green). As a result, Bitcoin continues to consolidate between these two Bull Market EMAs, much like it did in mid-2021. Nonetheless, for the future, the key confirmation signal for a breakout will be a weekly close above the green EMA followed by a post-breakout retest of it into new support (light blue circle).” Sour...

Shiba Inu: SHIB Price Prediction 6 Months From Now

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Shiba Inu (SHIB) is consistently gaining mainstream momentum, with the token aiming for new price highs in the process. Despite the token’s mellow price pace, SHIB continues to embark and aim for new price highs and is consistently working toward establishing a novel price pace to hit a new high in the process. Will it be able to achieve an all-time high in the next 6 months? Let’s find out. Also Read: EU Planning Concessions to Avoid US President Trump’s Tariffs Shiba Inu: What’s New With The Token? Source: Watcher Guru Shiba Inu is currently one of the leading meme coins in the space. The token has recently surpassed Bitcoin and Ethereum in long-term holder ratio, which is touted as a significant feat for the token to claim. In a new post updated by Mikey, a leading SHIB enthusiast, nearly 76% of holders have held on to their SHIB tokens for a year, a value that is higher than Bitcoin and Ethereum holders, sitting at 74% per the expert. “In a stunning turn of events ...

Cronos (CRO) soars 31% since Trump teamed up with Crypto.com

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The week that started on Monday, March 24, has been bloody in the equity markets and, by Friday, March 28, ensured that cryptocurrencies have also joined the plunge with a $100 billion 24-hour valuation drop. Amidst the turmoil and the adverse news, a handful of major winners went relatively unnoticed – as did the announcements driving their performance. The end result was that one digital asset, Chronos (CRO), emerged as the best-performing cryptocurrency in recent trading. Specifically, CRO soared 37.31% in the last week of trading and is changing hands at $0.10681. The majority of the rally occurred between March 24 and March 25, though the token has retained its new and higher levels through the subsequent volatility. Picks for you Crypto trader just lost $3 million on Official TRUMP 47 mins ago ...

Nvidia (NVDA): Jim Cramer Says Stock Is Still Best Bet in 2 Key Areas

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The US stock market has been caught in a period of increased volatility throughout the last several weeks. With geopolitical concerns and worries regarding the economy pushing investors to sell, the tech sector has been increasingly affected. Yet, despite its recent slide, Nvidia (NVDA) is still the best stock to buy in two key areas, according to Jim Cramer. The CNBC host has been a consistent believer in what the AI chipmaker is doing. However, the stock has faced something of an uphill battle throughout 2025. There are many experts who believe a turnaround is coming, and if Cramer is right, it’ll be for two critical reasons. Source: Unsplash Also Read: NVIDIA Stock Might Reach $200 by the End of 2027 Two Reasons to Be All In on Nvidia According to Jim Cramer An early 2025 sell-off and global tensions have not been kind to Nvidia’s stock in March. Over the last five days, shares have fallen more than 4.98% in value. Moreover, the company’s stock is down more than 18....

Ghibli Meme Coin Mania Erupts As Elon Musk, Sam Altman, And Ripple Execs Jump On Viral ChatGPT Image Trend

A Ghibli meme coin craze exploded on X after Elon Musk, Sam Altman, and Ripple execs jumped on a viral trend sparked by ChatGPT’s new image-generation tool. A tsunami of Ghibli-style images hit social media from ChatGPT users in the art style of Studio Ghibli, which is known for its anime films “Spirited Away” and “My Neighbor Totoro.”  The phenomenon erupted after after Sam Altman’s OpenAI added image generation capabilities to its ChatGPT-4o model. Meme coin developers pounced on the trend to deploy an army of Ghibli-related tokens.  One such token, Ghiblification (GHIBLI), has soared to a market cap of around $21 million since its launch less than 24 hours ago, according to DexScreener data . The meme coin trades at $0.02124 as of 2:12 a.m. EST after soaring more than 35,172% gain. Other developers tried to cash in in on the trend, leading to the launch of at least 20 other Ghibli-related meme coins in the last 24 hours.  Musk...

Senator Elizabeth Warren Warns Stablecoins Could ‘Blow Up Our Entire Financial System’

Senator Elizabeth Warren is worried a bipartisan stablecoin bill working its way through Congress doesn’t do enough to address the systemic risks she thinks the dollar-pegged assets pose. Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee on March 13th by a bipartisan 18-6 vote. In a speech to the committee earlier this month, Warren (D-Massachusetts) said the bill doesn’t protect consumers, national security or financial stability. “The bill lacks basic safeguards necessary to ensure that stablecoins don’t blow up our entire financial system. Under this bill, stablecoin issuers can invest in risky assets, including the very assets that were bailed out in 2008 and again in 2020. And anyone who thinks the US taxpayer won’t be called on, directly or...

Bitcoin performed better under Biden than Trump – Protos

Donald Trump, the sexual predator and current sitting president of the United States, has fully embraced bitcoin. World Liberty Financial, a cryptocurrency project he profits from, has purchased millions of dollars worth of tokenized bitcoin, and the federal government at his direction has placed bitcoin into a special stockpile and is searching for ways to purchase additional bitcoin. This embrace of bitcoin comes after the cryptocurrency industry embraced him, with a wide variety of industry executives, including Cameron Winklevoss, Tyler Winklevoss, Brian Armstrong, Marc Andreessen, Michael Saylor, and many more, voicing their support for the authoritarian.  However, despite the industry’s support of Trump and Trump’s support of the industry, bitcoin has seemed to underperform. Read more: Trump confused by Strategic Bitcoin Reserve he just ordered Under Trump’s term so far, bitcoin has fallen over 13% from approximately $101k to approxima...

Start now, let technology work for you, and easily earn dividends from the crypto market!

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In response to the rapid growth of the cryptocurrency market and the growing interest in blockchain technology, ATIL Mining has launched a series of new cloud mining plans designed to make cryptocurrency mining more accessible to a global audience. The news comes as more and more people explore innovative ways to achieve financial freedom and diversify their portfolios. By following the new initiative,  ATIL Mining  eliminates the complexities traditionally associated with cryptocurrency mining, such as purchasing and maintaining expensive hardware. Instead, the platform allows users to participate in cloud mining, a low-threshold, high-return investment opportunity that is gradually gaining recognition among investors. Through cloud mining, users can share mining pool resources over the Internet and earn substantial profits without the technical hassles of operating physical mining equipment. Cloud Mining: A Game Changer for the Digital Economy Cloud mining is quickly b...

BRICS: 35% of Russia’s Foreign Exchange Reserves Is Gold

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BRICS member Russia is heavily diversifying its foreign exchange reserves by replacing the US dollar with gold. As of March 2025, gold makes up 34.4% of Russia’s foreign exchange reserves and is worth $217.4 billion. The Central Bank of India is massively accumulating the precious metal to safeguard its economy from market turmoil. Also Read: BRICS: Analyst Reveals If the US Dollar Can Maintain Its Dominance Russia is just one among the BRICS nations that has been aggressively buying gold since 2022. Its counterparts China, India, and Brazil have also been accumulating the glittery metal for 36 months. The developing countries are looking to sideline the US dollar for foreign exchange reserves as the currency comes with the risk of debt. If the market crashes, holding the US dollar becomes a financial burden and weakens their respective economy. Therefore, BRICS members are turning towards gold and other local currencies to distance themselves from the threat of acquiring debt. If...

Vultisig founder says DPRK-linked Bybit transactions are ‘legitimate’

Crypto sleuth ZachXBT has called out a crypto wallet firm Vultisig for crowing about $200,000 it generated in revenue that is largely made up of crypto stolen from Bybit and laundered by North Korea. THORChain founder John-Paul Thorbjornsen claimed the $200,000 in revenue was made through swaps via his multi-chain crypto wallet firm Vultisig. However, ZachXBT noted, “a good chunk of that revenue is being generated from the Bybit hack.” He said, “DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size.” JP I hope you realize a good chunk of that revenue is being generated from the Bybit hack. DPRK has been doing BTC -> BNB or AVAX TC swaps via Vultisig for the past few days in size. pic.twitter.com/yy9S4JRdIm — ZachXBT (@zachxbt) March 20, 2025 ZachXBT’s screenshots show BTC increments worth between $50,000 and $200,000 being swapped with Vultisig.   Read more: FBI confirms North Korean ‘TraderTraitor’ to blame for $...

Ripple v. SEC case: The final verdict

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The longstanding Ripple v. SEC case appears to be over, per Ripple Labs Chief Executive Officer Brad Garlinghouse. After an appeal against the original 2023 ruling in Ripple’s favor that went on to proceed at a truly glacial pace, the legal battle is now over, per the CEO’s March 19 X post. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm — Brad Garlinghouse (@bgarlinghouse) March 19, 2025 In the immediate aftermath of the announcement, XRP prices surged from $2.31 to $2.55. By press time on March 20, the digital asset’s price had receded back to $2.45, bringing year-to-date (YTD) returns to 15.61%. ...

Dogecoin (DOGE) Forecasted To Hit $1.2, Here's When

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The cryptocurrency industry consists of a wide range of investors. From retail to institutional investors, the market benefits from them all. But whales certainly stand out due to the magnitude of their investments. They also fill the market with confidence or even panic due to their actions. The Dogecoin (DOGE) market recently got a boost of confidence following the latest activity of these large investors. Also Read: Major Economy Rejects De-Dollarization, Embraces the US Dollar Diving Into Dogecoin’s Current Market Source: Watcher Guru Dogecoin was seen slowly leaving the bears behind and embracing recovery. Over the past 24 hours, the OG meme coin recorded a rise of 1.12%. At the time of writing, DOGE was trading at $0.1679. Source: CoinMarketCap Despite its notable gain throughout the last few months of 2024, DOGE was seen struggling. The asset ended 2024 at a high of $0.4672 but it dipped to a low of $0.1453 earlier this month. Throughout the past 30 days alone, the meme coi...