CryptoBuzzPosts 🐝

XRP price hangs on a thread as Kraken adds RLUSD 🐝 ~ ~ XRP was trading at $2.10 on Wednesday, down over 37% from its peak this year, with a market cap of $126 billion. The significant news for XRP is Kraken’s listing of Ripple USD (RLUSD) stablecoin, which has reached a market cap of $243 million and is actively used in payments, with a 24-hour volume exceeding $70 million. Ripple Labs aims to integrate RLUSD into its payment ecosystem for cross-border transactions. However, XRP’s price hovers near a critical support level at $1.910, signaling potential further declines if it drops below this level, which could target $1.50. @CryptoBuzzPosts 🐝 ~ ~

Will BNB Price Rally to ATH After VanEck BNB ETF Filing? 🐝 ~ ~ Asset manager VanEck has filed for a BNB exchange-traded fund (ETF), leading to a 42% surge in BNB Coin’s trading volume, exceeding $2.12 billion. This follows BNB’s relative stability, declining only 1% over the past month compared to larger crypto losses. The recent Pascal hard fork, improving Ethereum compatibility, and the coin’s burn mechanism support its price momentum. BNB is currently trading at $603, forming a cup-and-handle pattern, with a potential breakout above $662 needed to reach previous highs of $790. VanEck has also filed for crypto ETFs for Bitcoin, Ethereum, and others, seeking SEC approval. @CryptoBuzzPosts 🐝 ~ ~

House Committee to review STABLE Act amid controversy over yield-bearing stablecoins ban 🐝 ~ ~ The House Committee on Financial Services will mark up the STABLE Act on April 2, reviewing a revised bill (ANS) from March 26 that refines definitions and compliance measures while still prohibiting yield-bearing stablecoins. This contentious provision, which some argue limits user benefits, prevents stablecoins from distributing interest from reserve assets. Advocates like Coinbase CEO Brian Armstrong argue such restrictions deny consumers access to competitive financial tools and hinder financial inclusion, especially in underbanked regions. Armstrong emphasizes that allowing stablecoins to offer on-chain interest could provide higher yields and better economic utility for users. Amendments to the restriction may be proposed during the session. @CryptoBuzzPosts 🐝 ~ ~

126 million BTC? How Bitcoin’s absolute scarcity was saved 🐝 ~ ~ The Supply Shock newsletter highlights the significance of Bitcoin Improvement Proposal (BIP-42), submitted by Pieter Wuille on April 1, 2014, marking its 11th anniversary. This proposal addressed a potential flaw in Bitcoin’s supply model, which could have led to infinite bitcoin over centuries. Satoshi Nakamoto’s original design had a bug that would have reverted block rewards, risking an uncontrolled supply increase. BIP-42’s implementation prevented this crisis, ensuring Bitcoin’s finite supply remains intact. The discussion raises complex questions about defining “bugs” in Bitcoin software and the balance between code integrity and user expectations, especially compared to other controversies, like block size. @CryptoBuzzPosts 🐝 ~ ~

There’s More to North Korea’s Hacking Ops Than Just Lazarus Group: Paradigm 🐝 ~ ~ In February, North Korean hackers from the Lazarus Group executed the largest crypto heist in history, stealing over $1.4 billion from Bybit. Samczsun, a Paradigm researcher, witnessed the breach and collaborated with Bybit on the incident. The DPRK’s cyber operations, coordinated under the Reconnaissance General Bureau, involve distinct groups like TraderTraitor, AppleJeus, and APT38, each employing unique strategies for targeting crypto exchanges and financial institutions. Despite their advanced tactics, there have been no direct zero-day attacks on the crypto industry. Experts stress the importance of implementing stronger security measures to mitigate these evolving threats. @CryptoBuzzPosts 🐝 ~ ~

BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next? 🐝 ~ ~ The crypto market has reacted sharply as BNB fell below the critical $605 support level, stirring investor concerns over whether this is a temporary dip or the onset of a trend reversal. With bearish pressure intensifying, technical indicators signal declining momentum, highlighted by a negative MACD and a downward-trending RSI. This raises fears of a further decline towards $531, and potentially down to $500 and even $454. To regain ground, BNB must stabilize above $530 and reclaim $605 with solid buying momentum. A move beyond $680 could confirm a trend reversal, paving the way for recovery towards $724 and $795. @CryptoBuzzPosts 🐝 ~ ~

DeFi protocol SIR.trading loses entire $355K TVL in ‘worst news’ possible 🐝 ~ ~ The Ethereum-based DeFi protocol SIR.trading (Synthetics Implemented Right) was hacked on March 30, leading to the loss of its entire total value locked (TVL) of $355,000. The hack, described as a “clever attack” by blockchain security firms TenArmorAlert and Decurity, exploited a vulnerability in the protocol’s contract vault. The attacker replaced the legitimate Uniswap pool address in a callback function, redirecting funds to their control. Security experts noted this incident could expose flaws in Ethereum’s transient storage, introduced in the Dencun upgrade. Despite the breach, founder Xatarrer aims to continue the protocol’s operation. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin Price Risk Drop Below $80K As Trump Threatens Tariffs On Russia 🐝 ~ ~ President Trump’s threat to impose new tariffs on Russia over the Ukraine conflict is causing concern among Bitcoin investors, with prices hovering around $82,000 and potentially slipping below $80,000. The proposed 25% tariff on Russian oil could lead to increased global oil prices and higher energy costs, prompting some Bitcoin miners to sell assets. Despite institutional interest in Bitcoin, including a $2 billion stock sale by Marathon Digital to acquire BTC, market sentiments remain bearish. Analysts predict a possible decline to $65,635, with current technical indicators supporting a pessimistic outlook for the cryptocurrency. @CryptoBuzzPosts 🐝 ~ ~

Multicoin estimates a 3x for Jito’s token 🐝 ~ ~ In 2023 and 2024, Solana startups launched native tokens to reward users and provide returns to investors, sparking interest mainly in lucrative airdrops amidst a challenging regulatory landscape. With a more favorable regulatory outlook and decreased airdrop activity, focus is shifting towards the utility and value of these tokens. Multicoin Capital’s investment partner highlighted Jito’s token (JTO), which may benefit from increased demand for Solana’s blockspace, but cautioned that there’s no direct link between Jito’s revenues and the token’s price. Future revenue distribution may impact JTO’s classification and its potential as a valuable asset. @CryptoBuzzPosts 🐝 ~ ~

ONDO Whales Retreat as Price Risks Dropping Below $0.70 🐝 ~ ~ ONDO is experiencing significant downside pressure, having fallen over 5% in the last 24 hours and more than 19% over the past month, with a market cap around $2.5 billion. Technical indicators show a recovering RSI at 34, but this indicates fragility as it remains close to oversold levels. Whale activity suggests bearish sentiment as their holdings decreased recently, which may lead to further price declines. ONDO’s EMA lines indicate an ongoing downtrend, with potential support at $0.73. A break below this could cause the price to dip under $0.70, while resistance at $0.82 could signal recovery if surpassed. @CryptoBuzzPosts 🐝 ~ ~

Ripple Stablecoin (RLUSD) Prediction Unveiled Amid Surging Market Interest 🐝 ~ ~ Ripple’s USD stablecoin, RLUSD, is rapidly growing, as highlighted in its February attestation report. Jack McDonald, Ripple’s SVP of Stablecoins, announced that RLUSD’s market cap has surpassed $170 million, exceeding expectations. Newly listed on exchanges like LMAX, RLUSD debuted in December 2024 alongside platforms such as Uphold and Bitstamp. Its use cases have expanded into DeFi liquidity pools and charitable giving for NGOs. McDonald predicts RLUSD will rank among the top five stablecoins by year-end, aligning with Ripple CEO Brad Garlinghouse’s expectations following the SEC’s recent decision in Ripple’s favor. @CryptoBuzzPosts 🐝 ~ ~

Why Trump’s ‘Liberation Day’ tariffs may hurt crypto’s global future 🐝 ~ ~ Donald Trump’s upcoming “Liberation Day” tariff announcement could reset global trade, with potential negative effects on cryptocurrency. Experts warn that this shift, including the tearing up of free trade agreements with key allies, might lead to economic fragmentation, disrupting digital asset frameworks that depend on global cooperation. Countries, like Canada, are reportedly diversifying away from the U.S., which may result in closed markets and inconsistent regulations. While proponents of crypto have welcomed Trump’s support for stablecoins, a fragmented trade environment could hinder crypto adoption, making hopes for its growth—like Bitcoin’s market cap ambitions—less optimistic. @CryptoBuzzPosts 🐝 ~ ~

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’ 🐝 ~ ~ On March 28, Bitcoin (BTC) fell for the fourth consecutive day, reaching an intra-day low of $83,387, closely mirroring a significant sell-off in the stock market, notably with the DOW dropping 700 points. This decline is attributed to rising inflation concerns after the core Personal Consumption Expenditures index increased to 2.8%. Additionally, the market reacted negatively to President Trump’s newly imposed 25% tariffs on foreign cars. Veteran trader Peter Brandt noted a bearish trend for Bitcoin, projecting a potential drop to $65,635. Despite the downturn, positive regulatory developments in the crypto industry are emerging. @CryptoBuzzPosts 🐝 ~ ~

Pepe Coin Price Could Enter Beast Mode as Exchange Balances Fall 🐝 ~ ~ Pepe coin has experienced a significant price drop, losing over $6.7 billion in value, falling from a peak of $0.00002827 in December to $0.0000080. Despite this decline, data indicates increasing investor interest, with the number of holders rising to 417,000 and exchange balances decreasing, suggesting a shift towards self-custody. Technical analysis reveals a potential bullish trend, marked by a double-bottom pattern and a falling wedge formation. Indicators point towards a possible surge towards the all-time high, but a drop below $0.00000589 could invalidate this optimistic outlook. @CryptoBuzzPosts 🐝 ~ ~

Sei Foundation looks to acquire bankrupt 23andMe in major DeSci move 🐝 ~ ~ The Sei Foundation is considering acquiring bankrupt genetic testing company 23andMe to integrate its data infrastructure with the Sei blockchain, aiming to protect genetic data through on-chain solutions. The Foundation emphasizes that user data sovereignty is vital for national security, especially as 23andMe’s personal genomic data becomes at risk. If successful, the acquisition would enhance user control over data sharing, monetization, and storage. Beyond rescuing the company, Sei views this move as a strategic entry into Decentralized Science (DeSci), potentially advancing genetic science integration into blockchain and bolstering a rapidly growing market sector valued at over $657 million. @CryptoBuzzPosts 🐝 ~ ~

T. Rowe Price PM touts ‘big potential’ of stablecoins 🐝 ~ ~ Dominic Rizzo, a tech fund portfolio manager at T. Rowe Price, is optimistic about the potential of stablecoins, viewing them as a key use case for cryptocurrency. He highlighted their growth at the Exchange ETF conference, noting recent developments, including World Liberty Financial’s USD1 announcement and Fidelity’s potential stablecoin plans. Rizzo emphasized the importance of discerning the suitable applications for decentralized finance (DeFi) versus traditional finance (TradFi), suggesting stablecoins are particularly beneficial where foreign exchange liquidity is low. While he views bitcoin as a productive technology, his ETF’s crypto exposure is limited to Coinbase and Robinhood, with Circle being a potential future investment. @CryptoBuzzPosts 🐝 ~ ~

Binance Alpha Lists Ghibli Meme Coins Amid ChatGPT Hype 🐝 ~ ~ Following the viral trend of Studio Ghibli-themed images, Binance Alpha has listed two meme coins, Ghiblification and GhibliCZ. Ghiblification’s market cap surged to over $35 million, while GhibliCZ reached $14 million, driven by the popularity of AI-generated Ghibli-style images. These tokens were launched on different blockchain networks: Ghiblification on Solana and GhibliCZ on the BNB chain. Binance Alpha showcases early-stage crypto projects, differing from the main Binance Exchange by featuring tokens that have yet to undergo extensive vetting. This listing can present higher risks and price volatility for investors. @CryptoBuzzPosts 🐝 ~ ~

Robinhood Sweetens Gold Membership as Bernstein Sets $105 Price Target 🐝 ~ ~ Robinhood has introduced new services for Gold members, including Robinhood Strategies for expert-managed portfolios, Robinhood Banking for traditional checking and savings accounts, and the AI-powered Robinhood Cortex for real-time market insights. These services aim to democratize financial access for the public, challenging traditional banks previously serving only the wealthy. Analysts from Bernstein highlighted the potential of Robinhood’s platform, projecting it could benefit from the $114 trillion wealth transfer as younger generations inherit assets. Robinhood also reported a significant increase in crypto trading revenues, contributing to a record net income, positioning itself at the intersection of traditional finance and cryptocurrency. @CryptoBuzzPosts 🐝 ~ ~

Ethereum Price Consolidates After Pullback—Is a Fresh Move Coming? 🐝 ~ ~ The content emphasizes a commitment to accuracy, relevance, and impartiality through a strict editorial policy, developed by industry experts with high standards in reporting and publishing. Additionally, it discusses Ethereum’s price movements, which remain supported above $1,980 but face resistance around $2,050 and $2,100. Currently, Ethereum is trading below $2,040 and is affected by a bearish trend. A breakthrough above $2,100 could lead to gains toward $2,250, while failure to rise above $2,050 may result in declines towards $1,980 or lower levels, highlighting key support and resistance areas. @CryptoBuzzPosts 🐝 ~ ~

Priced at $0.20, this Solana competitor could be the next crypto to 20x 🐝 ~ ~ Rexas Finance (RXS), valued at $0.20, is emerging as a significant competitor to Solana, with potential for a 20x surge by 2025. The platform focuses on tokenizing real-world assets, enabling users to trade goods, real estate, and more easily. With its presale raising approximately $47.22 million and a Certik audit boosting investor confidence, Rexas is strategically positioned for success. The project plans a market debut on June 19, 2025, at $0.25 and aims for listings on Tier-1 exchanges to enhance liquidity. Given its strong foundation and growing community, Rexas could reshape investment in the tokenized asset space. @CryptoBuzzPosts 🐝 ~ ~