Ripple (XRP) Price Crash, Pi Network (PI) Volatility, and More: Bits Recap Feb 28
TL;DR XRP recorded a 10% daily drop, with the broader market collapse adding pressure and sparking concerns about the end of the bull cycle. Pi Network’s native token bucks the bearish trend, surging 250% in a week, with speculation about a Binance listing fueling optimism. Meme coins, including Dogecoin...
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MORPHO soars after Coinbase listing, but a potential correction may be looming
MORPHO crypto surged up to 20% on Feb. 28 despite a risk-off sentiment in the broader crypto market. However, technical indicators have turned bearish for the altcoin, suggesting a potential pullback is on the horizon. Morpho (MORPHO) soared to an…...
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There Is a Plan to Reduce Solana (SOL) Inflation: Will It Sail Through?
Solana price is under immense selling pressure, slipping below $130. Will this proposal seeking to reduce SOL inflation sail through? Solana has not escaped the crypto market’s brutal downturn. Few coins outperform Bitcoin, with exceptions like Pi Network, which continues to ride the hype of its mainnet launch. Together...
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Arizona Senate Advances Bitcoin Reserve Bill, Trails Utah In Crypto Legislation Race
Arizona’s Senate has taken a significant step toward adopting Bitcoin as part of its financial strategy, passing the Strategic Digital Assets Reserve bill (SB 1373) on February 27. With a vote of 17-12, the bill now moves to the state’s House for further consideration. The development places Arizona behind...
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Deutsche Telekom Subsidiary Becomes Validator For Injective Blockchain
Deutsche Telekom MMS, a subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has joined the Injective blockchain as a validator. The move strengthens the telecom giant’s presence in the blockchain space and highlights the increasing institutional adoption of Web3 technologies. According to Injective’s February 27 blog post,...
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South Korea launches official crypto crime prosecution unit
The Seoul Southern District Prosecutors’ Office has launched a formal joint investigation unit that exclusively tackles crypto-related crimes and fraud cases. According to a report by Aju News, the department is named the Seoul Southern District Prosecutors’ Office-run Joint Investigation…...
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Base L2 rolls out new features on testnet, with plans for mainnet deployment in Q2
Base, the Layer 2 scaling solution for Ethereum, has introduced three new features to improve its transaction speeds, increase scalability, and make it simpler to use. For speed, Base introduced flashblocks technology, which reduces block time from 2 seconds to…...
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Bitcoin Set for Worst Month Since June 2022, Worst Week Since November That Year
Bitcoin (BTC) is on track for its worst month in three years, falling 22% as President Donald Trump’s tariffs on major U.S. trading partners raise concerns of faster inflation, reduced chance of interest-rate cuts and lowered appetite for risky investments. The last time the largest cryptocurrency fell as much...
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Crypto miner Bitdeer invests $4m in Bitcoin amid price decline
Bitdeer’s shares rose 0.6% after hours as the crypto miner invested $4 million in Bitcoin despite falling prices. Cryptocurrency mining firm Bitdeer has acquired millions in Bitcoin (BTC) as the cryptocurrency keeps trading lower from its all-time high which was…...
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Arizona advances Strategic Bitcoin Reserve Act to House
Arizona lawmakers have pushed forward the Arizona Strategic Bitcoin Reserve Act, bringing the state a step closer to making Bitcoin a part of its financial strategy. On Feb. 27, the Arizona Senate voted 17-11 to pass the Strategic Bitcoin Reserve…...
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