Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Nigeria Government vs. Binance’s Tigran: A Clash Over Corruption Allegations

Tigran Gambaryan accuses Nigeria of blackmail and torture, while the government denies the claims, sparking a heated online dispute.

The drama between Binance’s former exec Tigran Gambaryan and the Nigerian government is heating up. Gambaryan, who was arrested in February one year before while in Nigeria for a meeting with government officials about Binance, spent eight months in jail before being released on humanitarian grounds. During his time in custody, he was charged with money laundering and tax evasion.

After returning to the U.S., Gambaryan went off, accusing Nigerian officials, including those from the DSS (Nigeria’s State Security Services), of trying to extort $150 million in crypto from Binance. He claims he was tortured while in jail, even though he was in poor health, and that he was used as a scapegoat in the whole mess.

Of course, the Nigerian government is having none of it. They denied all of Gambaryan’s claims, calling them “falsehoods” and stating that his first visit wasn’t even official. They also said that his release wasn’t because of any humanitarian reason but due to diplomatic intervention. They even alleged that Binance tried to pay a $5 million ransom to free him, but it was rejected.

Gambaryan shot back on X (formerly Twitter), calling the government’s statement lies and promising more legal action in the future. This saga is only getting messier.

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Is XRP Partnering with Elon Musk to Hit $600? Fact or Fiction?

An influencer hyped an XRP-Elon Musk partnership, claiming a $600 price surge, but there’s zero proof—just rumors and speculation.

Recently, the crypto world exploded with excitement over a tweet claiming that XRP was teaming up with Elon Musk. The tweet, from an influencer with nearly 30K followers, said Ripple’s CEO confirmed the partnership and hinted at a $600 price surge for XRP. The tweet also featured an image of “Binance Square,” making it seem even more legit. But before everyone starts investing their life savings, let’s break it down.

Here’s the thing: There’s no official confirmation from Elon Musk or Ripple about this so-called partnership. No press release, no statement, nothing. This isn’t the first time rumors like this have popped up, though. Back in 2021, people thought Musk’s beloved Dogecoin might outshine XRP. That didn’t pan out either.

Fast forward to today, and some users claim they saw a deleted tweet from Musk saying, “XRP is looking quite promising.” However, no one has proof, and AI tools like Grok have only confirmed that the tweet existed but was removed fast.

At the end of the day, all we have are rumors and speculation. So, while the idea of an Elon Musk-XRP collab sounds cool, there’s no solid evidence to back it up. Stay cautious.

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Ethereum Stablecoin Market Expands by $1.1B in Just One Week

Ethereum gained $1.1B in stablecoins as gas fees dropped, while Solana lost $772M. Ethereum leads with $122.9B (54.63%) dominance.



Ethereum just made a big flex in the stablecoin world, adding a massive $1.1B in USDT and USDC in just a week, while Solana took a hit, losing $772M. On-chain analytics firm Lookonchain spotted the shift, showing Ethereum gaining traction again.

For a while, Solana had been snatching some of Ethereum’s thunder, thanks to ETH’s high gas fees and congestion. But things are changing. Ethereum’s gas fees have dropped, and major upgrades are making it more efficient, bringing users and liquidity back. That’s why stablecoin supply on Ethereum is pumping again—it’s reclaiming its OG status as the top smart contract blockchain.
At the same time, Solana experienced a stablecoin supply decline of approximately $780M. The cause isn’t 100% certain, but it may be attributed to performance issues and changing user tastes. Funds may be transferring elsewhere as crypto investors seek more favorable opportunities.


According to DefiLlama, Ethereum dominates the stablecoin market with $122.9B in supply (54.63% market share), and Solana comes in second with a mere $11.58B (5.15%). These market fluctuations demonstrate yet again how quickly the crypto universe is evolving. One day a chain is on fire, the next it’s drying up. The only thing that doesn’t change? Change.

Also Read: Nayib Bukele and Michael Saylor Meet in El Salvador, Discuss Bitcoin’s Future

Nayib Bukele and Michael Saylor Meet in El Salvador, Discuss Bitcoin’s Future

Summary: El Salvador’s President Nayib Bukele met with MicroStrategy’s Michael Saylor at the presidential palace. While details of their discussion remain private, both are known Bitcoin advocates. Their meeting coincides with El Salvador adding another Bitcoin to its reserves, now totaling 6,077 BTC.

El Salvador President Nayib Bukele received MicroStrategy co-founder Michael Saylor for a meeting at the presidential palace on Tuesday. The country’s National Bitcoin Office confirmed the visit, but did not offer details. Both of them being Bitcoin enthusiasts, discussion was likely centered on worldwide acceptance, regulations, and investment strategies.

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Both Saylor and Bukele posted pictures of their conversation, with Saylor hinting that El Salvador could be a force pushing forward the acceleration of Bitcoin adoption worldwide. The timing of their meeting is interesting, coming as it does after El Salvador just bought another Bitcoin to join its national reserves, its holdings now totaling 6,077 BTC—equivalent to about $590 million at present prices. In turn, MicroStrategy has also increased its holdings, purchasing 7,633 BTC and adding up to 478,740 BTC, which is more than $46 billion. Despite its pro-Bitcoin policy, El Salvador had to compromise on some policies in order to qualify for a $1.4 billion loan from the International Monetary Fund (IMF), which warned against monetary risks tied to the country’s crypto approach. Under these restrictions, the discussion between Bukele and Saylor might have included regulation problems, investment opportunities, and Bitcoin payment possibilities in El Salvador.

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SEC to Evaluate NYSE’s Proposal for Grayscale’s Ethereum ETF Staking

NYSE wants SEC approval for Grayscale’s Ethereum ETF to stake holdings, boosting returns without extra risks, pending regulatory decision.

The New York Stock Exchange (NYSE) is pushing to let Grayscale’s Ethereum ETFs stake their Ether holdings and earn rewards. If the U.S. SEC approves this move, it could change the game for Ethereum-based ETFs.

Grayscale’s Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH) would stake their Ether, possibly boosting returns for investors while keeping the funds efficient. The proposal, filed on Feb. 14, aims to make Ethereum ETFs more competitive by adding staking rewards.

Grayscale made it clear that staking will bring extra income, but they’re not promising fixed returns. They also clarified that this doesn’t involve “delegated staking” or “staking as a service.” Investors would still be exposed to Ethereum price changes but could earn extra rewards on top.

This move follows similar plans by 21Shares, who recently tried to add staking to its Ethereum ETF. While the SEC initially blocked Ethereum ETF staking in 2024 over regulatory concerns, with a new, potentially crypto-friendly SEC, things could change.

If approved, Grayscale’s ETFs could generate passive income through staking, adding more value for investors while tracking Ethereum’s price. The decision could be a big step in how crypto ETFs evolve.

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Near Protocol Ex-Employee Accidentally Leaks Nudes on Livestream, Apologizes to Girlfriend

Summary: A former Near Protocol employee, Andrew Krynin, accidentally displayed nude images while screen sharing on a public livestream. The incident quickly went viral, causing Near Protocol’s token (NEAR) to spike 7% to $3.50. Krynin later issued an apology first joking about memecoins before finally addressing his girlfriend.

Andrew Krynin, a former business development manager at Near Protocol, had an unexpected mishap during a livestream. While sharing his screen with Near core contributor Cameron Dennis, Krynin accidentally revealed saved nude images. Realizing the mistake, he reacted with a stunned “God damn it” before cutting the feed within seconds.

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Clips of the incident spread rapidly on X, sparking memes and conversations. Oddly enough, Near Protocol’s native token, NEAR, saw a 7% price boost, climbing to $3.50.

Following the mishap, the official Near Protocol account issued an apology, stating that they took full responsibility and removed the video from their platform. Meanwhile, the crypto community weighed in, with one user humorously advising, “Use one laptop for personal stuff and another for work and crypto. Keep your private keys and other things secure.”

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Krynin had two responses. Initially, he joked that if people were launching memecoins about the incident, they should at least share some profits so he could fund a Valentine’s Day peace offering. Hours later, he switched to a more personal tone, apologizing solely to his girlfriend, calling himself an idiot but reassuring everyone that she’s a “10” and that he “always slays.”

Argentina’s $LIBRA Crypto Controversy: The Winners and Losers Revealed

Argentina’s president backed $LIBRA crypto, but after a huge pump and “rug pull,” many investors lost millions.



Argentina President Javier Milei created quite the storm when he posted his support for a new crypto token, $LIBRA. But things went horribly wrong when the token’s price pumped hundreds of percent in a few hours. Milei then deleted his tweet and disassociated himself with the project, stating that he was unaware of the project details when he first posted.

Meanwhile, the devs of $LIBRA made bank, reportedly earning over $107 million from its liquidity pool. Blockchain records show that 8 wallets belonging to the LIBRA project earned the most, making enormous sums by adding and removing liquidity. The funds involved millions of USDC and SOL.

But there was bad news too. All but a few of the investors were destroyed, and some lost millions. A crypto trader claimed that one person lost over $5 million by investing in LIBRA. This is referred to by some as the largest “rug pull” in cryptocurrency history, and over $4.4 billion was drained from the market.

And now the token has fallen again below $0.30, with retail investors suffering huge losses. Milei has flatly denied any involvement in the project, denouncing politicians attempting to capitalize on the scandal.

Also Read: Crypto Market Update (Feb 14, 2025): Bitcoin Stagnates, Telcoin Surges

Bitcoin Pushes Toward $100K as TRUMP Memecoin Surges 40%

Summary: Bitcoin continues to rise, trading in excess of $98,000 with hopes of reaching six figures soon. Meanwhile, the memecoins are making waves, with TRUMP rising 40% to trade in excess of $20. XRP is also making a robust recovery, rising 10% in the previous 24 hours.

Bitcoin is heading in an uptrend trend to a high of $98,600 following the increase by 4.36% from its weekly low of $94,500 on 12th of this month. The market players are attempting to shatter the $100,000 benchmark with consistent trend as the weekend looms ahead.

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Beyond Bitcoin, the memecoin space is hot. DOGE, WIF, and PNUT have all gained 6%, 13%, and 15% respectively. But the real winner here is Donald Trump’s very own TRUMP token, which has increased by over 40% and is now trading just under $21—its highest level since the initial round of mania.”.

XRP is also higher by 10% over the last 24 hours and 17% over the last seven days. MANTRA (OM) is also a top gainer with a 39% rise, followed by XDC with an 11% rise, and WIF with a 10% rise.

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According to CoinMarketCap, the total crypto market cap stands at $3.24 trillion at the moment and has experienced a daily trading volume of $106 billion. With Bitcoin growing stronger and memecoins being popular, the weekend could witness even higher volatility in the market.

Binance’s Tigran Gambaryan Speaks Out: Detained in Nigeria, Family in Distress

Binance exec Tigran Gambaryan suffered 8 months in Nigerian jail, accused of financial crimes, denied medical care, and extorted for $150M.



A few months back, a blurry courtroom video from Nigeria went viral—showing Binance executive Tigran Gambaryan, limping on a crutch, being dragged to court by security officers. Frustrated and in pain, he shouted, “This is so f***ed up.” That video exposed the harsh reality of his eight-month detention.

Tigran, an American citizen and former Head of Financial Crime Compliance at Binance, was arrested in Nigeria after being invited to a governmental meeting. He was accused of money laundering and tax evasion, but insists that Nigerian officials hired him as a scapegoat to blackmail Binance for $150 million. Even though Nigeria subsequently dropped the charges of money laundering, they continue to assert that Binance processed $26 billion in unreported crypto transactions.

During his 214-day ordeal, Tigran’s health suffered—his physicians had to proceed in a rush to repair a bulging disc, but the authorities delayed the surgery. Meanwhile, his relatives were suffering and, with emotional videos, his wife and mother were crying. His case still lingered in political and court drama, adding to the threats to his life.

Now at last back in the U.S. after getting out on medical bail, Tigran is coming forward—calling his arrest a nightmare and demanding accountability for what he experienced.

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XRP Eyes $8 Amid Growing ETF Approval Speculation

XRP price climbs amid ETF approval speculation, with analysts predicting $8 if approved, despite risks of potential corrections.



XRP’s price has been on a really steady rise lately, boosted by its partial legal victory over the SEC. With the hope of a potential ETF approval, the price could surge even higher. Analysts are speculating that if XRP gets its own spot ETF, the price could hit $8, though that’s still uncertain.

While February started off shaky, XRP has climbed 2% in the past 24 hours and is up 8% from its low point of $2.26 earlier this month. Traders are getting increasingly optimistic that the SEC might approve a spot XRP ETF, and everyone’s watching closely to see how this plays out.

The RSI (Relative Strength Index) is at 41.95, near the lower band, which could be a sign of a price bounce. Crypto analyst CoinsKid also suggests that XRP is showing signs of a bullish reversal, with a possible parabolic move to the $8 level.

But there is also the risk of a major correction if the tide turns. The chart analysis is showing that XRP might witness a reversal to lower levels of $0.82 or $0.38 if it doesn’t work out.

With expectation building around the hope of ETF approval, everyone is holding its breath for the SEC, with rumors hinting at the official announcement about to be made.

Also Read: CZ’s Dog-Inspired Memecoin Hits $400M Market Cap Before Cooling Down

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