Cryptocurrency Daily Thefoxposts.com

The price of ether (ETH) is down 39% since Eric Trump tweeted two months ago, “In my opinion, it’s a great time to add $ETH. You can thank me later.” As of Eric’s February 3 tweet — that he edited to eliminate the “You can thank me later” part — the price of ETH was around $2,877. As of publication time, ETH is trading below $1,760 after declining 39% . Even though no one should thank him, per his edited wish, he still definitely recommended the digital asset when it was definitely not “a great time to add.” From Eric Trump’s recommendation at $2,877, ETH has declined 39% to $1,760. Read more: Eric Trump removes ‘thank me later’ from ETH promo Eric has endorsed several digital assets — although none as prominently as his ETH. He has also praised bitcoin (BTC), World Liberty Financial (WLFI), Ripple (XRP), Solana (SOL), Cardano (ADA), WLFI’s upcoming stablecoin (USD1), and Donald Trump’s own Solana memecoin, TRUMP...

The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish the dominance of the US dollar. “Tokenization of securities, which we’re very excited about, allows you to have ownership in companies… Stablecoins are viewed rightly as an area that could increase demand among individuals overseas as governments become prone to diversifying away from holding treasuries. So in the same way that stablecoin legislation can kind of push forward US dollar dominance, I think tokenized securities can really push forward US company dominance in the global market.” Tenev notes that by tokenzing securities on global blockchains, investors outside the US will be able to invest i...

Dogecoin, the leading meme token of the cryptocurrency market, is currently sitting at $0.17, up 1% in the last 24 hours. The token is part of the rising ETF narrative, applications of which are still pending with the US SEC. Dogecoin is yet to deliver a stellar price trajectory, keeping its investors coiled in anticipation. Will DOGE be able to hit a new price mark this April 2025? Let’s find out. Also Read: Nvidia vs. Alphabet: Why Halvorsen Is Betting Big on Google’s AI Future! Dogecoin: What’s New? Source: Watcher Guru Dogecoin is currently trading at $0.17, up 1% in the last 24 hours. The token has lately been unable to attract a bullish price pace, struggling under the radar for the past few days. At the same time, Tesla chief and avid DOGE supporter Elon Musk shared a new update about the token. Musk stated how the US government has no plans to adopt Dogecoin for any of its work proceedings, ushering an acute selling pressure that affects its current momentum. “There ...

Ripple has just initiated its latest round of token unlocks from escrow, where the company is scheduled to release 1 billion tokens in April. As of April 1, the blockchain firm’s distribution strategy recorded the release of the first 500 million XRP, which has already been executed, according to on-chain data retrieved by Finbold from XRPScan. XRP escrow transactions. Source: XRPScan The month’s first tranche of XRP was moved from an escrow wallet to a Ripple-controlled wallet in a transaction executed at 00:00 UTC. The wallet in question has already scheduled 11 future escrow releases. Picks for you Sui Network to unlock $150 million of SUI tomorrow – Sell time? 18 hours ago How Trump is killing XRP 19 ho...

Not every country is falling in line with the BRICS agenda of replacing the US dollar with local currencies for oil. Settling oil payments in local currency poses a significant risk that can affect a country’s foreign exchange reserves. Oil settlements have been historically paid in the US dollar as the currency controls the global flow of the sector. Also Read: India Conveys to BRICS: ‘We Will Not Ditch the US Dollar’ Even Saudi Arabia, which announced that it would accept local currencies for oil payments has only been receiving the US dollar for transactions. Only a few trades have been settled in local currencies while the majority of them are backed by the greenback. BRICS is finding it hard to convince other countries to use local currencies for oil trade and not the US dollar. Also Read: BRICS to Launch Gold-Backed Stablecoin To Challenge the US Dollar? BRICS: Nigeria Rejects Local Currency for Oil, Wants the US Dollar Source: seekingalpha.com / Arseniy45 Oil marketers and ...

A crypto whale is booking millions of dollars in losses after making several Official Trump (TRUMP) trades. According to blockchain tracking platform Lookonchain, the whale’s losses have ballooned to nearly $16 million on his TRUMP memecoin trades this month. “This whale sold 743,947 TRUMP ($7.92 million) at $10.66 [Friday] – taking another $3.3 million loss on TRUMP! He only profited on his first TRUMP trade. The next three were all losses, bringing his total loss to $15.7 million.” Earlier this month, Lookonchain noticed that the same whale at first made nearly $12 million on his initial TRUMP trade, before suffering the large losses. “This whale made $11.82 million on his first TRUMP trade, lost $24.35 million on the second, and took another $201,000 loss on the third! Now, he’s back-spending $11.28 million to buy 777,684 TRUMP at $14.50. Will he turn a profit this time?” Other whales are also looking at losses on their rec...

How Layer 2 Solutions Are Reshaping DeFi! The decentralized finance (DeFi) space is rapidly evolving, and one of the most transformative developments in recent years has been the emergence of Layer 2 solutions. As DeFi continues to grow, Ethereum and other blockchain networks have struggled with high gas fees, slow transaction speeds, and network congestion. Layer 2 scaling solutions aim to address these challenges, enabling a more efficient, scalable, and cost-effective DeFi ecosystem. What Are Layer 2 Solutions? Layer 2 solutions are technologies built on top of existing Layer 1 blockchains (like Ethereum) to enhance their scalability. Instead of processing every transaction on the main chain, these solutions handle transactions off-chain or in parallel while ensuring the security and decentralization of the underlying blockchain. Some of the most popular Layer 2 solutions include: Rollups (Optimistic & ZK-Rollups) – Aggregate multiple transactions into a single batch before po...

A resolution to dismantle a controversial Biden-era DeFi broker rule is heading to President Donald Trump’s desk for the axe following Senate approval. The vote, which passed with a 70-28 majority, marks a significant step toward reducing Internal Revenues Service (IRS) oversight on decentralized platforms. The DeFi broker rule required decentralized finance platforms to report crypto sales and disclose transaction details, including user information. Proponents argued it would enhance transparency, but critics warned it could stifle innovation and impose burdensome compliance costs on Web3 platforms. Senate Approval To Kill DeFi Broker Rule Was Expected The DeFi broker rule required decentralized platforms to file their gross proceeds from crypto sales as well as include information of the users involved in each of the transactions. Critics of the DeFi broker rule claimed that it would hit decentralized platforms with too onerous rules and reporting requirements, and sub...

The final week of March 2025 is turning out to be fairly bullish for Ripple’s XRP. Throughout the past seven days, the asset witnessed a 7.25% uptick. This comes as the legal battle between Ripple and the Securities and Exchange Commission (SEC) was coming to an end. With Ripple’s confirmation that it will no longer continue its cross-appeal against the SEC, it appears that the matter is about to conclude permanently. Also Read: If You Invested $10K in Bitcoin 5 Years Ago, How Much You’d Have Now? Stuart Alderoty, chief legal officer of Ripple, said that the SEC will refund the remaining $125 million to Ripple. But the firm will keep $50 million of the initial penalties by Judge Analisa Torres. He also noted that the agency would request that Judge Torres withdraw the order she put forth on Ripple in August 2024. Amidst this, XRP is set to kickstart a new month, and the community is looking forward to seeing the altcoin surge. Current Market Price Source: Coinpedia In the la...

World Liberty Financial, the cryptocurrency firm from which Donald Trump profits, has announced its plan to launch a stablecoin, USD1.  USD1 is described as a stablecoin pegged to the US dollar that “will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.” Apparently, the stablecoin will launch on Ethereum and Binance Smart Chain.  Custody for the coin will be managed by BitGo, the firm that collaborates with Justin Sun and BiT Global for Wrapped Bitcoin (WBTC) , a major component of the World Liberty Financial portfolio.  Interestingly, neither the governance forums nor the governance portal discussed or voted on the launch of USD1 and this change to World Liberty Financial. Actually, there has not been a single post of any kind in the governance forum since January 9.  Who is behind World Liberty Financial, Trump’s new crypto? Read more: Is World Liberty Financial a dead project? ...

Pi Coin price predictions show the token potentially reaching $1.44 by March 31, 2025. Well, this would be a substantial 51.64% gain from the current value of $0.944683. Right now, the Pi Network price has unfortunately fallen about 31.09% over the past week. However, many analysts are expecting a recovery soon amid the ongoing cryptocurrency market fluctuations. Source: CoinCodex Also Read: Shiba Inu: What’s SHIB’s Price If Its Market Cap Equals Dogecoin Pi Token Price Predictions, Market Trends & Key Factors Affecting Pi Coin Source: News18 Current Pi Network Price Analysis At the time of writing, Pi Coin price prediction data indicates the current value hovering around $0.944683, with Pi Network price falling below the critical $1 mark, which is something to keep an eye on. Market sentiment for the token remains neutral while the Fear & Greed Index reading of 45 signals a certain level of investor caution. Pi Network has recorded only 9 green days in the last 30 (just 30%), ...

The price of XRP has slightly retraced, losing the $2.50 support, after the asset failed to hold onto short-term gains stemming from reports that the Securities and Exchange Commission (SEC) ended the Ripple case. Amid the current sentiment, several artificial intelligence (AI) models have offered varied price predictions for XRP, with a majority noting that the asset will likely be influenced by Bitcoin’s (BTC) momentum, general market trends, and regulatory developments. As of press time, XRP was trading at $2.39, gaining a modest 0.3% in the last 24 hours. On the weekly timeframe, the token has rallied almost 5%. Picks for you Bitcoin flashes signal that could ‘explode to targets’ above $200,000 1 day ago Here's what gets gold...

President Donald Trump’s re-election and the news that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign helped XRP soar from about $0.51 to January highs near $3.31 for a 549% rally. Events in the subsequent months provided substantially fewer tailwinds, with even the SEC’s watershed decision to abandon its lawsuit against Ripple Labs triggering only a short-lived rally. In fact, though the immediate reaction to the news was positive and led to a 14.35% rally from March 18 lows near $2.23 to March 19 highs near $2.55, sending the token’s market capitalization to $149.18 billion, subsequent trading proved something of a bloodbath. Picks for you Trump’s White House return wipes out nearly 20% of Bitcoin millionaires 2 hours ago ...