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Cryptocurrency prices surged as investors anticipate key announcements from the upcoming White House Crypto Summit on March 7, 2025. U.S. President Donald Trump will host the event, bringing together industry leaders, executives, and policymakers. Speculation is rising over potential tax policy changes, including a rumored zero capital gains tax on digital assets. However, even with a presidential executive order, it would require approval from the House of Representatives. The altcoins price, including ETH, XRP, SOL, and ADA price has seen a price rebound over the past 24-hours with BTC gaining 5%.

The White House issued a statement that indicated the upcoming meetings would address electronic assets as well as regulatory frameworks and economic guidelines. The movement of Bitcoin, Ethereum, and XRP prices forward received a significant boost when Trump included these cryptocurrencies in his proposed strategic reserve plans. The prices started declining because investors learned that the congressional approval mandate stands between the reserve plan and its implementation.

Cryptocurrencies Price Spikes: Are Altcoins Poised for More Gains Before Trump’s Summit?

Crypto market analysis has rebounded following recent market declines, pushing the total market cap up by 4.08% to $2.86 trillion. Altcoins have shown recovery, with Bitcoin gaining 4%, Ethereum 5%, and XRP 6%. Other top altcoins, including Solana and Binance Coin, have also followed the upward trend. This market movement comes ahead of the Trump Crypto Summit, set to take place in the on 7th March 2025.

Trump will host a crypto summit on March 7, 2025, scheduled from 1:30 PM to 5:30 PM ET (12:00 AM to 4:00 AM IST on March 8, 2025).

Here’s who’s confirmed to attend:

– Michael Saylor, Founder of Strategy
– David Bailey, CEO of Bitcoin Magazine
– Matt Huang, Co-founder of… pic.twitter.com/qjzKnEFA1L

— Crypto India (@CryptooIndia) March 5, 2025

Bitcoin Price Recovers 5%, Is $90k Level Next?l

Over the past 24 hours, the BTC price saw a 5% recovery, reaching $88,761. The BTC price bounced from the $81,529 support but faced resistance at $90,000.  With Bitcoin dominance is showing weakness.

The Relative Strength Index (RSI) stands at 53.97, signaling neutral momentum. A break above $90,000 could push BTC toward $100,000, while failure to hold gains may lead to another drop toward $84,000. Market volatility remains high.

ETH Price Eyes 30% Surge Ahead of Trump Crypto Summit

Ethereum price has surged past $2,200, gaining momentum from renewed market optimism. The digital asset secured support at $2,150, fueling expectations of a stronger rebound.  ETH recorded a 7% increase over the past 24 hours, now trading around $2,240.  

The price surge comes as the market anticipates a key crypto summit involving former U.S. President Donald Trump. If bullish momentum strengthens, Ethereum could climb toward $2,260, with further gains potentially pushing it to $2,500.  

Analysts suggest that sustained bullish activity may drive ETH above $3,000, marking a 30% rise. The rally highlights growing confidence in altcoins amid broader market recovery.

XRP Price Holds Key Support as Analysts Eye Surge to $222

Ripple (XRP) price is holding above a critical support trend, signaling a possible breakout. Analysts highlight its strong consolidation above Fibonacci 0.888, aligning with historical patterns. 

XRP’s next move could target $8.5 to $13, with a potential Fib 1.618 extension at $27. If history repeats, Fibonacci extensions suggest a possible range between $27 and $222.

What Next for Altcoins?

If BTC holds key support levels, altcoins may continue their bullish momentum. A strong Bitcoin trend often signals increased confidence in the crypto market predictions. This could lead to price surges for major altcoins being the altcoins to watch.

Altcoins such as Solana, Binance Coin, Dogecoin, and Aave could see further gains. Investors are anticipating additional catalysts from the Trump Crypto Summit, which may shape the market’s direction in the coming weeks.

The post Cryptocurrencies Price Prediction: Are Altcoins Gearing Up Ahead of Trump Crypto Summit? appeared first on CoinGape.

Bybit  Hack, the recent $1.5 billion heist that occurred on 21 Feb, has tragically exposed the vulnerabilities of Web3 infrastructure. Through the collaborative efforts by the leading exchanges, over $170 million was injected into the market. However, with no denial, the incident has awakened the whole Web3 industry to work towards safeguarding its infrastructure. 

According to Hotcoin Global, the Australia-based Cryptocurrency exchange, the Bybit incident has reaffirmed the fact that cryptocurrency exchanges have become prime targets for nation-state Advanced Persistent Threat (APT) groups.

William Chan, Chief Advisor at Hotcoin Global, says, “Security is not a zero-sum game. We are committed to transforming our defense system into a public good for the industry.”

Further, the exchange is advocating for the creation of an ‘Exchange Security Mutual Assistance Alliance’, exemplifying its Seven-Year Zero-Incident defense mechanism.

In its comprehensive analysis of the Bybit Hack, Hotcoin reveals that Lazarus Group, one of the most formidable cybercriminal organizations, has carried out over 50 major attacks since 2010, demonstrating three key trends:

• Target Specialization: Shifted from traditional financial institutions to cryptocurrency, inflicting over $300 million in losses in 2023 alone.
• Systemized Attack Methods: Developed a full-fledged ecosystem combining vulnerability exploitation, social engineering, and coin-mixing for laundering stolen assets. North Korean universities even train specialists in blockchain offense and defense.
• Diversified Attack Vectors: High-profile incidents such as the $620 million Axie Infinity cross-chain bridge hack (2022) and the $100 million Atomic Wallet private key breach (2023) have exposed systemic weaknesses in exchange security.

Further, in the Bybit heist, hackers exploited undisclosed vulnerabilities in the hot wallet system. There are certain exchanges that opt for offshore registration to evade regulatory oversight, however, it ends up in exposing them and their users to “license-free risks.” 

Calls for Shared Security after Bybit Hack via Diamond Shield Program 

In a further step towards bolstering the Web3 security, Hotcoin Global has announced the launch of Diamond Shield Program. The launch of the  Diamond Shield Program comes as Hotcoin Global’s response to its analysis of the Bybit Hack. The program aims to signify Hotcoin’s shift from existing passive defence mechanisms to proactive ecosystem-wide security collaboration.

Hotcoin Global’s newly launched initiative, Diamond Shield Program, marks a shift from passive defense to proactive ecosystem-wide security collaboration.

Embracing 200% Reserve Policy in addition to full asset reserves, it aims to create a dedicated hedge fund that covers all the extreme market fluctuations.

Further, it is also pioneering a decentralized Insurance Pool in partnership with Nexus Mutual. With this, users will be able to stake HT tokens for theft compensation, fostering risk-sharing mechanisms.

Hotcoin Global will provide exchanges with access to geographically distributed cold wallet architecture, zero-trust micro-segmentation, and AI-driven threat detection models. This paradigm shift in security resembles the 2017 regulatory overhaul that reshaped market order—exchanges must now rebuild trust through verifiable security and quantifiable risk management.

The Diamond Shield program also includes a Global Incident Response Network under which a cross-timezone attack mitigation framework spanning Sydney, Singapore, and Canada would be established. It will provide plug-and-play security solutions for smaller exchanges – in a move towards equitable security access.

Efforts towards industry-wide collaborative security measures

After the Bybit Hack, security has become a more critical and integral part of Crypto Exchanges’ operations and forms the basis of trust and faith for their users’ digital assets. Hotcoin Global uses a multi-layered defense mechanism to safeguard the digital assets of its users. As part of its physical Layer Defense, it uses Cold-Hot Wallet Segmentation in which its 98% of assets are stored in geographically distributed multi-signature cold wallets, implementing a dynamic risk-based limit model.

It further uses Hardware-Level Encryption in which Private keys are sharded and stored in Swiss Vault-grade HSM modules.

For the Real-Time Defense System (Technical Layer Defense), it uses an AI-integrated deep-learning model trained on over 200TB of attack patterns, enabling 0.01% anomaly detection in fund movements. Hotcoin Global has also partnered with CertiK and SlowMist for pre-deployment audits and real-time runtime monitoring.

Thus, as Hotcoin Global aims to turn security from a cost center into a value-creation engine by its Diamond Shield Program and by opening its geographically distributed cold wallet architecture, the efforts towards web3 infra security are set to strengthen. The battle against state-backed hackers has never been a fight for one exchange alone – it is indeed a collective industry imperative.

 

 

The post Hotcoin Global: Bybit Hack Reveals Rise of State-sponsored APT threats, Calls for Shared Security appeared first on CoinGape.

Dogecoin price remains much-eyed by crypto traders and investors as whale accumulations for the meme coin spiked recently. A renowned market analyst revealed on Wednesday that DOGE whales accumulated 180 million coins amid the ongoing broader market flux.

As a response, investors now anticipate a highly bullish price outlook amid rising buying pressure. Further, top analysts also conveyed a highly bullish forecast for the token amid strong market technicals, with one even revealing that a 5x rally looms.

Dogecoin Price Bullish? Here’s Why Whale Data Sparks Optimism

According to analyst Ali Martinez’s X post on March 5, DOGE whales purchased a whopping 180 million coins in the last 24 hours. The analyst’s data suggests that the accumulations occurred as the Dogecoin price fluxed near the $0.2 price level intraday.

For context, rising whale accumulations signal heightened market interest, underscoring the asset’s potential for gains. Moreover, it’s also noteworthy that whales reflected a potential ‘buy-the-dip’ sentiment amid broader volatility.

Why The Broader Turbulence?

Notably, weekly and monthly Dogecoin price charts showcase a 6% and 19% dip, respectively. This waning action is attributable to a market bloodbath in February due to macro heat and liquidity hurdles.

Traders and investors panic sold risk assets amid Donald Trump’s new import tariffs on China, Canada & Mexico, which kicked off on March 4. In turn, global markets took heat amid trade war speculations. BTC price slumped from a $99K level high to as low as the $78K mark amid this market pressure. In turn, even altcoins (including meme coins) followed.

Nevertheless, CoinGape reported that the crypto market showed resilience as BTC and altcoins reversed previous losses just a day after Trump’s tariffs kicked off.

DOGE Price Jumps 3%

DOGE price today soared over 3% intraday and exchanged hands at $0.1990. The meme coin bottomed and peaked at $0.1837 and $0.2036 in the past 24 hours. Today’s rising action falls in line with the broader market trend that shows traders and investors are digesting trade war tensions.

Top Analysts Convey Bullish Outlook

Simultaneously, top crypto analysts have taken the stage to inject optimism into the meme coin. Analyst ‘Trader Tardigrade’ recently revealed that Dogecoin price follows ‘Mean Reversion on macro chart.’ This phenomenon suggests that the price is likely to return to its long-term historical average as time longs. The analyst spotlighted this concept via the price chart below, with DOGE exhibiting “Mean Reversion along the yellow dotted line on the chart.”

Also, the analyst revealed that the meme coin’s price daily candle closed with a ‘Dragonfly Doji.’ This pattern suggests that Dogecoin’s price is currently at the bottom of a downtrend, indicating that a reversal, and thus gains loom.

On the other hand, renowned trader ‘Chandler’ revealed on X that DOGE’s MVRV ratio formed a bearish divergence against price in previous cycles. However, this phenomenon has yet to occur in this cycle, paving an optimistic path for price ahead.

In addition, market expert CryptoELlTES revealed on X that the meme coin’s price is gearing up for 5x gains ahead, solidifying investor optimism amid rising DOGE whale activity and strong pattern formations. It’s noteworthy that with DOGE ETF approval odds gaining substantial weight in recent days, market sentiments over a 5x rally remain uplifted.

The post Dogecoin Price Eyes 5X Rally As DOGE Whales Bag 180M Coins appeared first on CoinGape.

In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.

This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.

Bridging Traditional Finance and DeFi

Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.

By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.

Understanding the PayFi Vault

According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.

By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.

Our PayFi vault with @PayPal USD on @NestCredit is coming soon to expand financing opportunities onchain.

Stablecoins are the original RWA – real dollars onchain that are moving trillions, proving that the digital dollar works.

But moving money is just the beginning… pic.twitter.com/PZ1kYTfDQS

— Plume Network – RWAfi L1 (@plumenetwork) March 4, 2025

The Role of Stablecoins in Payment Financing

Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.

In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.

The post Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest appeared first on CoinGape.

XRP price jumped more than 5% today and hovered near the $2.5 mark while its one-day trading volume was down 25% to $9.5 billion. It’s worth noting that the crypto has faced massive volatile trading lately, slipping below the $2 mark recently. However, despite that, a renowned analyst predicted the Ripple coin price to hit $222 citing historical trends.

XRP Price Eyes Major Rally Ahead

Renowned crypto analyst EGRAG CRYPTO believes XRP price is entering a “Kangaroo Phase”, a term he uses to describe a volatile yet bullish market stage. According to his analysis, Ripple crypto is holding strong above key support levels while consolidating above Fibonacci retracement levels, signaling a potential breakout.

The expert noted that the crypto’s last major rally in 2017 followed a Fibonacci extension move, hitting the 1.618 level before making another parabolic jump. If history repeats, the XRP price could initially target $8.50 to $13, followed by a surge to $27. However, the analyst argues that a long-term Fibonacci extension move could propel the crypto to the staggering $222.

Besides, he also clarified that market cap is not a factor for those who question the impact of this robust surge in the asset’s price. “Market cap is a flawed measurement when it comes to real utility-driven assets,” he stated, dismissing skeptics who question such high price targets.

Trump’s Endorsement Fuels Optimism

Market sentiment got another boost as President Donald Trump announced plans to add XRP to the US Strategic Reserve list. This unexpected move places XRP alongside other key digital assets, potentially increasing institutional adoption and long-term value.

Trump’s pro-crypto stance has already influenced market movements, with investors closely watching regulatory shifts. If his administration follows through, Ripple’s native asset could see further gains, reinforcing bullish predictions.

XRP Lawsuit Nears Resolution, Adding Bullish Momentum

Another major catalyst for the XRP price surge is the anticipated resolution of the long-standing SEC lawsuit. A legal expert recently hinted that the Ripple Vs SEC case could conclude as early as March, sparking renewed optimism among traders.

Besides, the US SEC has dismissed a flurry of crypto lawsuits recently, which has further boosted the market sentiment. Having said that, the resolution in the long-running legal battle could significantly boost the asset’s price in the coming days.

Will XRP Follow 2017’s Price Explosion?

With historical patterns, market support, and regulatory developments aligning, the future trajectory of the XRP price looks promising. While a $222 target may seem ambitious, past cycles suggest that explosive rallies are possible.

Besides, a recent report indicates that Ripple price is primed to hit $30 by May 2025, sparking market optimism. However, despite the bullish forecasts, investors should exercise due diligence, given the ongoing volatile scenario in the market.

The post Analyst Predicts XRP Price To Hit $222 If History Repeats appeared first on CoinGape.