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.

Nansen Becomes Super Representative for TRON, Enhancing Blockchain Transparency

Markets crashing: Crypto down 7%, stocks struggling. US trade policy fears and global instability causing panic.



Markets are crashing currently. Crypto has been battered, dropping 7% over the last 24 hours, wiping out approximately $1.48 billion.Bitcoin and Ethereum both saw massive liquidations, with traders who expected prices to rise being forced to sell at a loss. Solana and XRP weren’t safe either, and things are looking shaky with no clear bottom in sight.

It’s not just crypto in trouble. The US stock market is also in trouble. The S&P 500 and Nasdaq dropped, with tech shares like Nvidia, Meta, Amazon, and Tesla leading the declines. Investors are concerned about future earnings reports and the impact of US trade policies, especially with tariffs hanging over the market. February 23 of this year, was a brutal day, wiping out $927 billion in value.

In India too, the Nifty dropped for the sixth day in a row, and the mid-cap shares also took a beating. The Asian markets too dipped, with the Hang Seng Index and China’s CSI 300 both falling, as they felt the pressure of US-China policies.

What’s behind this drop? Rising fears of US tariffs, a potential slowdown globally, and uncertainty on earnings. The market’s on edge, and investors are waiting nervously for some sign of a bounce.

Also Read: Grayscale Pursues SEC Approval for Polkadot ETF on Nasdaq

Grayscale Pursues SEC Approval for Polkadot ETF on Nasdaq

Grayscale is pushing for a Polkadot ETF on Nasdaq, with the SEC reviewing the application. Polkadot is currently $4.35.



Grayscale Investments, a big name in crypto assets, is aiming to launch a Polkadot (DOT) ETF. They’ve officially filed with Nasdaq to list and trade shares of the Grayscale Polkadot Trust. The SEC now has 45 days to decide whether to approve, reject, or extend the review.

Grayscale already has Ethereum and Bitcoin ETFs, and now they want to include Polkadot on the list as well. This is just days after 21Shares, which is another company that trades cryptocurrency, filed an application for a Polkadot ETF last month. If approved, it will further expose and invest in Polkadot.

Polkadot is currently priced at $4.35 and has fallen by 6.7% in the past 24 hours with the entire cryptocurrency market under bearish pressure.

This comes at a time when the SEC has become more friendly toward crypto, especially since the Trump era. They’ve dropped investigations on platforms like Robinhood and OpenSea, which might make it easier for projects like Grayscale’s to move forward.

While the decision is still in the works, if the SEC gives the green light, Polkadot could see a major boost in the market with more investors jumping on board. Fingers crossed!

Also Read: Nansen Joins TRON as a Super Representative, Boosting Blockchain Transparency

Cardano (ADA) Plummets 11%: Is a Drop to $0.50 Inevitable or Can It Recover?

Cardano (ADA) dipped 11% to $0.665 today. Will it recover or sink lower? ETF hopes inspire hopes.


Cardano (ADA) too is suffering, having its price decline 11% in the last 24 hours to around $0.665. Whether it will recover or keep falling remains on everyone’s mind.Trading volumes are high, with volumes rising by 9%, meaning the market is active today.

The $0.65 mark is the key. If ADA stays above it, there is a 25% possibility of reaching $0.85. But if it falls below $0.65, it will decline by 22%. ADA is struggling with the 20-day moving average at the moment, which means the bears are in control. The 50-day and 100-day averages are also on the cusp of breaking down, meaning more losses are around the corner.

On the flip side, over $8 million worth of ADA has left exchanges recently, which often means people are holding and not selling. Still, short traders are betting $17.3 million on ADA falling more.

Bitcoin’s struggles aren’t helping ADA either. The whole market’s under pressure, which could drag ADA down more. But there’s a silver lining: The SEC has accepted a Cardano ETF filing. If approved, this could bring in fresh investors and give ADA the boost it needs.

Also Read: Nexo Partners with Acapulco Tennis Open, Strengthening its Presence in Latin America

Nexo Partners with Acapulco Tennis Open, Strengthening its Presence in Latin America

Summary: Nexo has teamed up with the Abierto Mexicano Telcel presented by HSBC, commonly known as the Acapulco Tennis Open, the biggest ATP 500 tournament, to increase its international presence and push digital asset adoption.

Nexo has debuted its collaboration with the Abierto Mexicano Telcel presented by HSBC, also known as the Acapulco Tennis Open, a top ATP 500 event. The event will take place from February 24 to March 1, 2025, at Arena GNP Seguros in Aguilar, Mexico.

This collaboration highlights Nexo’s commitment to integrating digital assets into global sports events. The company sees parallels between the discipline required for success in tennis and the long-term strategies needed for wealth creation.

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Summary: Nexo has teamed up with the Abierto Mexicano Telcel presented by HSBC, commonly known as the Acapulco Tennis Open, the biggest ATP 500 tournament, to increase its international presence and push digital asset adoption.

Nexo has debuted its collaboration with the Abierto Mexicano Telcel presented by HSBC, also known as the Acapulco Tennis Open, a top ATP 500 event.

Nansen Joins TRON as a Super Representative, Boosting Blockchain Transparency

Summary: Blockchain analytics firm Nansen has been voted a Super Representative of the TRON network. Nansen, as a Super Representative, will assist in governing TRON, maintaining its security, and creating blocks while providing detailed insights into network activity. Nansen will guide TRON users and developers in gaining access to more transparent data on smart contracts, wallet activity, and transactions. The move aligns with TRON’s mission of decentralization and could enhance transparency across its ecosystem.

Nansen, a well-known blockchain analytics platform, has officially joined TRON as a Super Representative, reinforcing its role in improving blockchain transparency.

YOU MIGHT ALSO LIKE: Raydium Sinks 24% as Pump.fun Unveils Competing AMM

By becoming an SR, Nansen will actively participate in block production and network governance, helping secure TRON while ensuring smooth operations. More importantly, its data analytics tools will give developers, investors, and the community clearer insights into transactions, smart contracts, and overall network activity.

Nansen CEO Alex Svanevik believes this partnership will help make blockchain data more accessible and valuable for the TRON ecosystem. “We’re excited to support TRON’s growth with our analytics expertise,” he said.

TRON founder Justin Sun welcomed Nansen’s role, stating that its deep analytics will improve the network’s transparency and integrity. TRON has grown significantly since launching its mainnet in 2018, with over 277 million users and a total value locked (TVL) of $24.6 billion.

YOU MIGHT ALSO LIKE: Solana Drops Under $160 Amid FTX Unlock Fears – More Selling Ahead?

With this partnership, Nansen will help push DeFi and Web3 adoption on TRON while setting a new standard for transparency in blockchain governance.

SEC Drops Investigation Into Robinhood Crypto No Charges Filed

Summary: Robinhood Crypto is in the clear. Nearly a year after being in the limelight, the SEC has officially shut down its investigation without imposing any enforcement action. The action comes months after Robinhood had received a Wells Notice, typically a move towards enforcement But not in this case, as no enforcement action was filed.

Robinhood Crypto has finally seen some much-needed relief only in recent times. In February this year, the company issued a letter from the SEC stating that the investigation into its crypto business was finally laid to rest with no enforcement.

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This puts an end to a battle that ran for nearly a year, starting in May this year, when the SEC sent Robinhood a Wells Notice. That’s usually an indication that regulators are preparing to file charges, but the SEC stood down and took no action.

Robinhood Head of Legal Dan Gallagher commented on the decision, saying, “We applaud the staff’s decision to close out this investigation without action.” He explained that Robinhood had been compliant with the securities laws all along and that the probe shouldn’t have been conducted in the first place. Unlike other platforms, Robinhood never listed tokens that could potentially be considered securities.

YOU MIGHT ALSO LIKE: WazirX Moves ₹606 Crore Out of Bybit After Hack—Without Telling Anyone

For their part, regulatory attitudes towards crypto appear to shift. Under President Donald Trump’s administration, the SEC reviewed its digital assets policy. It has just established a new division in charge of providing clearer guidance and easing some erstwhile restrictive rules.

With the agency led by ex-SEC Commissioner Paul Atkins, the majority expect a more crypto-friendly approach. Investors were upbeat on the news Robinhood’s shares jumped 3.3% in premarket trading after the announcement.

Raydium Sinks 24% as Pump.fun Unveils Competing AMM

Raydium (RAY) crashed 24% as Pump.fun announced a rival AMM, sparking competition fears, despite its TVL hitting an all-time high.



Raydium (RAY), the biggest decentralized exchange (DEX) on Solana, was just dealt a bitter blow, plummeting 24% to $3.23 in 24 hours. The news that Pump.fun, one of the favorite memecoin websites, is going to launch its own Automated Market Maker (AMM) on Solana has people speculating about the future of Raydium’s reign.

Although the price dropped, RAY’s market cap is still $941.34 million, and its trading volume jumped 204% to $202.05 million. But technicals are not favorable. The token has been trapped in an ascending broadening wedge, which has a tendency to indicate more issues.

Just a few weeks ago, Raydium was riding high, fueled by Bitcoin’s massive surge. But after hitting a rejection point of $8.67 in January, RAY’s been in a downtrend, sliding down to $4.31 before this latest dip.

The shocker? Raydium’s Total Value Locked (TVL) is actually good. It hit an all-time high of $2.589 billion today, up from just $128 million in January. So while the price might have fallen, investors are still putting money into the platform.

With Pump.fun’s AMM gaining traction, Raydium’s future rests on investor sentiment and how well it will be able to deal with growing competition.

Also Read: Cardano (ADA) Slips Below $0.80 – Is a Steeper Decline Ahead?

Solana Drops Under $160 Amid FTX Unlock Fears – More Selling Ahead?

Solana (SOL) dropped below $160 as FTX’s upcoming token unlock sparks fears of a sell-off, with investors bracing for impact.



Solana (SOL) just slipped under $160, and things aren’t looking great. The crypto tanked over 8% on Feb 24, hitting $148.46—its lowest price this year. Even now, it hasn’t fully bounced back, trading around $156.

The big worry? A massive 11.2 million SOL token unlock from FTX on March 1. That’s $1.77 billion worth of SOL potentially flooding the market. If too many tokens get dumped at once, prices could take another hit, making investors even more nervous.

Solana’s been struggling lately. It’s down 35% this month and lost 13% just last week. Its market cap shrank by $10 billion, now at $78 billion. Even trading on Solana’s DEXs has dropped by 37%, showing that investors are stepping back.

Whales are shorting SOL also. In the past week, put options (which pay off more if prices drop) constituted 25% of all transactions in Solana derivatives. In other words, whales expect continued losses.

Next? If unlocked tokens pour on the market, SOL can only go lower. But if buying is robust, then all this may calm down. Either or, everyone anxiously awaits March 1.

Also Read: Cardano (ADA) Slips Below $0.80 – Is a Steeper Decline Ahead?

Cardano (ADA) Slips Below $0.80 – Is a Steeper Decline Ahead?

Cardano (ADA) is down, dropping below $0.73 with a 25% decline in a month. Weak network activity and bearishness could push it lower.



Cardano (ADA) doesn’t seem to be doing well right now. It just fell below $0.73, down 5.7% from its daily high of $0.77. ADA has dropped by over 25% in the past month, and the downtrend doesn’t appear to be slowing down.

One huge reason? Low network usage. Not as many people are using Cardano’s blockchain, cutting down on demand for ADA. Volume on its decentralized exchanges (DEX) also fell off a cliff, from $31.3 million last December to only $2.7 million today. Active wallets have meanwhile dropped from 113,500 in November to 25,900. Total value locked (TVL) in the system also nearly halved since December.

ADA has also been trailing behind Bitcoin (BTC). While BTC declined just 2.3% last quarter, ADA declined a staggering 32%. The ADA/BTC ratio pumped 193% at the end of last year but has dropped 45% since then, scaring investors.

Looking at the charts, a bearish pattern has just confirmed, and if the sell-off continues, ADA can fall to $0.65 or even $0.45. RSI is showing rising selling pressure, but if ADA can recapture $0.77, it might be able to achieve some stability. Otherwise, more downside could be on the cards.

Also Read: WazirX Moves ₹606 Crore Out of Bybit After Hack—Without Telling Anyone

WazirX Moves ₹606 Crore Out of Bybit After Hack—Without Telling Anyone

Summary: After the massive Bybit hack that wiped out $1.5 billion, most exchanges reassured users their funds were safe. But WazirX? They stayed completely silent. Even worse, they secretly withdrew ₹606 crore from Bybit just a day after the attack, offering zero explanation.

The Bybit hack on February 21, 2025, was one of the biggest exchange breaches ever, draining over 400,000 ETH. While most exchanges addressed user concerns, WazirX chose a different path—silence. Then, just 24 hours after the hack, they quietly moved ₹606 crore out of Bybit, without a single update to their users.

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A year ago, WazirX users lost ₹2,000 crore in another major hack. To make matters worse, the exchange had transferred ₹606 crore of remaining user funds to Bybit—an unregistered exchange in India at the time. Now, after the Bybit hack, they’ve withdrawn their funds without saying a word, leaving users in the dark yet again.

Crypto analyst Aditya Singh exposed the transaction, sharing proof on X. He questioned why WazirX had funds in Bybit in the first place and why there’s still no proof of reserves. “Imagine if Bybit didn’t cover losses. What would’ve happened?” he wrote.

Meanwhile, CoinDCX and CoinSwitch quickly reassured users they weren’t affected. Bybit itself restored withdrawals within two days. WazirX? No fixes, no statements, no transparency.

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Nischal Shetty, once a vocal advocate for decentralization, has gone silent. He’s focused on his Web3 projects while WazirX users are left stranded. Ask questions, and you might just get blocked.

This isn’t just bad management—it’s pure negligence. If WazirX truly cared, they would have addressed this long ago. Instead, they’re waiting for the noise to fade, hoping users stop asking questions. But the real question is: How much longer will WazirX ignore its users while pretending nothing happened?

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