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Crypto News: Trump Administration Set to Focus on U.S.-Based Altcoins, Expert Reveals Bullish Outlook

The post Crypto News: Trump Administration Set to Focus on U.S.-Based Altcoins, Expert Reveals Bullish Outlook appeared first on Coinpedia Fintech News

Andrew Lunardi, Head of Growth at Immutable, expressed strong optimism about the cryptocurrency market, predicting a substantial rebound in the second half of 2025. The cryptocurrency market is currently experiencing a slump, with Bitcoin and Ethereum trading below $82k and $2k respectively.  

One of the major catalysts, according to Lunardi, is the anticipated regulatory clarity from the Trump Administration. On the Milk Road podcast, he said that the administration’s forthcoming policies on compliant tokens will likely unlock substantial investment, particularly from institutional investors. “We’re about to see clear regulatory guidelines on what it means to have a compliant token, which will reduce risks and encourage more institutional capital to flow into the market,” Lunardi said.

Lunardi also pointed to the fading prominence of meme coins as a bullish indicator. While many have seen the decline of meme coins as a sign of a bear market, Lunardi views it as a positive shift, suggesting that liquidity from meme coins will likely be reallocated into more established altcoins, potentially benefiting diverse crypto portfolios.

Furthermore, Lunardi said that institutional capital inflows and the rise of exchange-traded funds (ETFs) will provide significant support to the market, helping to stabilize prices and facilitate broader crypto adoption. “The infrastructure for institutional capital is in place, with more ETFs opening up the market,” he explained.

He explained that his main focus is on Bitcoin, and he remains bullish on Solana as well, despite the current popularity of meme coins. He also mentioned that he believes the Trump Administration will pay special attention to U.S.-based cryptocurrencies, particularly those that have utility and real-world applications.

Despite his bullish outlook, Lunardi acknowledged the potential challenges posed by macroeconomic factors, such as tariffs and inflation. He warned that global economic uncertainties could still impact the crypto market in the short term, particularly if tariffs escalate and inflation remains high.

The post Crypto News: Trump Administration Set to Focus on U.S.-Based Altcoins, Expert Reveals Bullish Outlook appeared first on Coinpedia Fintech News
Andrew Lunardi, Head of Growth at Immutable, expressed strong optimism about the cryptocurrency market, predicting a substantial rebound in the second half of 2025. The cryptocurrency market is currently experiencing a slump, with Bitcoin and Ethereum trading below $82k and $2k respectively.   One of the major catalysts, according to Lunardi, is the anticipated regulatory clarity …

Crypto News Today (14th March, 2025): Market Falls Again? 

Crypto News Today

The post Crypto News Today (14th March, 2025): Market Falls Again?  appeared first on Coinpedia Fintech News

After a slight recovery yesterday, the crypto market today has incurred some correction by the bears. This time, the business’s market cap has taken a slight dip of 0.94% in the past 24 hours to $2.68 trillion. In the thick of these trends, the total volume has dropped by 10.15% to $90.36 billion. The Fear & Greed Index has now taken a plunge to extreme fear at 18, highlighting traders being extra cautious about their next move.

Bitcoin Price Drops Below $83k

Bitcoin price today has slashed by 1.42% to $82,004.85, this has come after a drop to its intraday low of $79,931.85. Betwixt the turn of events, trading volume of BTC also dropped steeply by 20.58% to $29.88 billion.  

For a deeper dive into Bitcoin’s future, explore our Bitcoin (BTC) Price Prediction 2025, 2026-2030.

Altcoins Prices Today: Ethereum Holds Firm

Ethereum is presently showing resilience against the broader market’s trends, with an intraday price spike of 1.57% to 1,897.27. Talking about other major altcoins, XRP posted a decent gain of 2.99%, rising to $2.30, while Solana traded in red, slipping by 1.17% to $125.03.

Read our XRP Price Prediction 2025, 2026-2030 for potential price targets!

Top Gainers & Losers

Sonic led the charge, by surging 13.32% to $0.5113. Trump token followed second with a 9.32% price jump, and KAVA registered an 8.82% gain. On the losing side, STORY IP led the losers with a 6.02% fall, while ENA and MOVE sank by 5.16% and 4.70%, respectively.

Subscribe to stay tuned for daily insights and in-depth analysis of the ever-evolving crypto market.

FAQs

How much does 1 BTC cost today?

At the time of writing, Bitcoin is priced at $82,004.85.

Which altcoins are the top gainers today?

Sonic (+13.32%), Trump (+9.32%), and KAVA (+8.82%) are today’s top-performing altcoins.

How has Ethereum performed today?

Ethereum has gained 1.57% in the last 24 hours, currently trading at $1,897.27.

The post Crypto News Today (14th March, 2025): Market Falls Again?  appeared first on Coinpedia Fintech News
After a slight recovery yesterday, the crypto market today has incurred some correction by the bears. This time, the business’s market cap has taken a slight dip of 0.94% in the past 24 hours to $2.68 trillion. In the thick of these trends, the total volume has dropped by 10.15% to $90.36 billion. The Fear …

Shiba Inu (SHIB) Price Prediction for March 14

Why is Shiba Inu not Breaking the Current ATH

The post Shiba Inu (SHIB) Price Prediction for March 14 appeared first on Coinpedia Fintech News

Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.2 billion and a 24-hour average trading volume of about $169 million, has dropped more than 22 percent in the past four weeks to trade about $0.00001239 on Friday, March 14, during the mid-London trading session.

As the largest memecoin on the Ethereum network, Shiba Inu price has moved in tandem with Ethereum. Consequently, a potential V-shaped reversal for Ether in the near future could directly impact Shiba Inu price action and the wider altcoin market.

Shiba Inu Chart Insights 

From a technical analysis standpoint, Shiba Inu price is currently retesting a crucial support range between $0.0000128 and $0.00001, which was established in the last year. Additionally, SHIB price has been retesting a crucial support weekly trendline, which must hold to invalidate further market correction.

In case of a sudden market reversal, SHIB price will be aiming for the next supply zone between $0.000021 and $0.000025.

Favoring Fundamentals 

Shiba Inu has, over the years of existence, evolved to a utility-based memecoin through the Shibarium layer two (L2) ecosystem. The Shibarium ecosystem has grown to more than a dozen DeFi protocols, with a total value locked of about $1.71M at the time of this writing.As a result, the SHIB token has attracted more than 1.4 million on-chain holders, who have helped increase the network’s overall burn rate. In the past 24 hours, the burn rate of SHIB surged by 27,787 percent, according to on-chain aggregate data from Shibburn

The post Shiba Inu (SHIB) Price Prediction for March 14 appeared first on Coinpedia Fintech News
Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.2 billion and a 24-hour average trading volume of about $169 million, has dropped more than 22 percent in the past four …

BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion

Bitwise XRP ETF

The post BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion appeared first on Coinpedia Fintech News

BlackRock’s filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently filed its own S-1 form for an XRP ETF. With increasing interest in digital assets, companies like BlackRock are eager not to miss the opportunity, as they did with Bitcoin ETFs. The competition is intensifying with many firms, including Grayscale, eager to offer XRP futures ETFs.

Nate Geraci, president of The ETF Store, has forecasted that BlackRock will file for both Solana and XRP ETFs. He predicts that a Solana ETF could be filed at any moment, while an XRP ETF would likely come after the conclusion of the SEC lawsuit.

For the unversed, in July 2023, a court ruled that Ripple’s direct sales of XRP to institutional investors broke securities laws, but sales on public exchanges did not. This resulted in a $125 million fine and restrictions on Ripple’s institutional XRP sales. The SEC has dropped cases against major crypto firms, and XRP could be next. Also, President Donald Trump’s administration created a Crypto Strategic Reserve, which includes Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA).

BlackRock currently leads the market in both Bitcoin and Ether ETFs by assets, and Geraci believes the company won’t let competitors launch ETFs on two of the top five non-stablecoin crypto assets without putting up a fight. Additionally, he predicts that BlackRock will also file for crypto index ETFs in the future.

https://twitter.com/NateGeraci/status/1900346734410154143

Industry watchers are excited about the race, as BlackRock’s involvement would significantly impact the future of XRP ETFs, mirroring the success of Bitcoin ETFs. The SEC’s delay in approval may provide time for additional players like BlackRock and Franklin Templeton to solidify their positions. The race for XRP-related financial products is on, and all eyes are on the SEC’s next steps.

Investors are closely monitoring these developments, hopeful that clearer regulations will guide the market forward and attract more institutional investors into the cryptocurrency space. The future of XRP and digital asset ETFs looks promising as industry giants gear up for what’s expected to be a game-changing year.

The post BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion appeared first on Coinpedia Fintech News
BlackRock’s filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently filed its own S-1 form for an XRP ETF. With increasing interest in digital assets, companies like BlackRock are eager not to miss the opportunity, as …

POPCAT Price Struggles to Recover from 48% Drop; Could Robinhood Listing Trigger a Rally?

POPCAT has faced significant challenges since the beginning of February, as attempts at recovery have failed to materialize. Despite some price rallies, the meme coin has struggled to regain its losses, with a 48% drop weighing heavily on its performance. 

While the altcoin is still attempting a recovery, a lack of strong support and market optimism is causing delays in any significant rebound. But the meme coin did have a key bullish moment this week.

POPCAT Needs Investors’ Backing

The Chaikin Money Flow (CMF) indicator has remained stuck below the zero line for the past three and a half months. This suggests that inflows into POPCAT have been weak since early December 2024, with little buying interest. The lack of conviction due to fear of losses from investors has contributed to a lack of momentum, keeping the meme coin from experiencing a recovery.

The weak CMF reading signals that investors are not pouring money into POPCAT, which is preventing a meaningful price increase. This has led to the coin’s struggle to maintain any positive price action, further delaying the recovery. 

POPCAT CMF
POPCAT CMF. Source: TradingView

Technical indicators such as the Relative Strength Index (RSI) also reflect POPCAT’s struggle to find sustained momentum. The RSI has remained below the neutral line of 50.0 for the past three months, indicating weak bullish signals. This reinforces the notion that broader market cues are not supporting a strong recovery for the meme coin.

Without support from the broader market, POPCAT has found it difficult to break out of its current downtrend. Until the market improves, POPCAT is unlikely to break its bearish cycle.

POPCAT RSI
POPCAT RSI. Source: TradingView

POPCAT Price Is Likely Consolidating

Over the last four days, POPCAT has rallied nearly 20%, currently trading at $0.180. A key catalyst was Robinhood’s POPCAT listing on Thursday, which is expected to drive more investment into the asset and expose it to more investors.

The altcoin has bounced off the support level of $0.140 and is now under the resistance of $0.203. While this recent recovery is encouraging, it will face significant challenges in breaching the $0.203 barrier.

Given the weak market conditions and investor sentiment, POPCAT could struggle to break through the $0.203 resistance. It is more likely that the altcoin will consolidate within the range of $0.140 to $0.203, at least until stronger market cues emerge. This could delay any potential recovery further.

POPCAT Price Analysis.
POPCAT Price Analysis. Source: TradingView

However, if market conditions and investor behavior improve, POPCAT may push past the $0.203 resistance. A successful breach of this level could see the altcoin test $0.238, invalidating the current bearish outlook. This would signal a shift in market sentiment and possibly set the stage for a more sustained recovery.

The post POPCAT Price Struggles to Recover from 48% Drop; Could Robinhood Listing Trigger a Rally? appeared first on BeInCrypto.

Hoodi Testnet to Test Ethereum’s Pectra Upgrade Before Mainnet Launch

Ethereum will launch the Hoodi testnet on March 17, addressing Pectra testing issues encountered on the Holesky and Sepolia testnets.

This move comes as developers work to troubleshoot bugs that could potentially delay the Sepolia fork.

Ethereum Unveils Hoodi Testnet for Pectra Testing

The Ethereum network has been working on the Pectra upgrade to introduce key Ethereum Improvement Proposals (EIPs). These proposals will enhance staking mechanisms and improve the wallet user experience.

However, Ethereum conducts tests in the run-up to its various EIPs. These probes ensure seamless upgrades and mainnet launches, citing methodical testing strategies.

The Sepolia testnet upgraded to Pectra just a week ago, marking a significant milestone in the development process. Additionally, Ethereum launched the Mekong testnet in early November to preview Pectra fork updates. This allowed developers to evaluate its features ahead of broader implementation.

However, in a February 25 post, Christine Kim, a researcher at Galaxy, highlighted the challenges faced in the testing phase of Ethereum’s Pectra Upgrade.

“Pectra is live on Holesky…Seeing a slight uptick in missed blocks but the network participation rate looks strong…some client teams are reporting issues with invalid blocks in the Eth R&D discord… lots more missed blocks and the network isn’t finalizing…Devs are troubleshooting what the issues are. Depending on the scale of the bugs, devs could delay the Sepolia fork… network is still not finalizing, the participation rate has dropped to ~50%,” Kim explained.

To establish whether these creases have been ironed out, Ethereum will launch the Hoodi testnet on Monday, March 17. If testing on Hoodi proves successful, the Pectra upgrade could go live on Ethereum’s mainnet by late April. However, according to Tim Beiko, a key Ethereum developer, delays extending into May remain possible.

“A new testnet, Hoodi, is going live Monday to wrap up Pectra testing. If you need to test validator exits, be on the lookout for it! Everything else can be tested on Sepolia & Holesky. Pectra will be scheduled 30+ days after Hoodi forks successfully, pending infra and client testing. Fusaka planning will run in parallel, with a deadline of March 24 to propose EIPs, and a tentative date of April 10 for a scope freeze,” Beiko articulated.  

Ethereum’s Pectra Upgrade timeline
Ethereum’s Pectra Upgrade timeline. Source: Tim Beiko on X

This means that the Ethereum Pectra Upgrade is contingent on successful testing on Hoodi after previous testnets. With the Hoodi testnet slated for March 17 and Pectra Upgrade at least 30 days thereafter, the update could go live as soon as April 17 or later. Some users expressed dissatisfaction with this delay.

“Pectra delayed by a month. Core devs really can’t ship anything in time,” one user remarked.

Nevertheless, others seemed unsurprised by the timeline, an understanding that likely appreciates the rigorousness of delivering seamless mainnet launches. The launch of the Hoodi testnet next week represents a crucial step in ensuring the stability and effectiveness of the Pectra upgrade.

With developer scrutiny intensifying and planned improvements in staking and user experience, Ethereum’s roadmap focuses on long-term scalability and security enhancements for its network.

“I’m stoked this could make ETH even sharper and more efficient,” a user on X remarked.

Fusaka, the next major upgrade, will follow in 2026. While details remain scarce, Fusaka promises to refine Ethereum’s scalability and efficiency further. This will advance the network’s evolution toward greater usability and adoption.

The post Hoodi Testnet to Test Ethereum’s Pectra Upgrade Before Mainnet Launch appeared first on BeInCrypto.

Ripple’s RLUSD Can Be Frozen to Comply with GENIUS Act, Confirms CTO

Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the Ripple USD (RLUSD) stablecoin can be temporarily halted or reversed to comply with legal or regulatory requirements.

Schwartz’s statement comes after Senator Bill Hagerty updated the GENIUS Act. The bill requires stablecoin issuers to implement technology that allows freezing, seizing, or stopping transfers when legally mandated.

Ripple Technology Enables Freezing of RLUSD Stablecoin

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act was introduced on February 4. On March 10, Senator Hagerty unveiled an amended version of the bill, which included several key changes. The bill,

“Requires the permitted payment stablecoin issuer to seize, freeze, burn, or prevent the transfer of payment stablecoins issued by the permitted payment stablecoin issuer.”

Attorney Jeremy Hogan took to social media platform X (formerly Twitter) to question the bill’s practical implications. He particularly stressed the technological capabilities required for stablecoin issuers to implement the proposed rule.

“So, can Ripple or Circle actually freeze RLUSD or USDC once it’s transferred? I didn’t think that was possible for either,” Hogan posted.

In response, Schwartz confirmed that this is indeed possible. 

“RLUSD can be frozen or clawed back,” he answered

Schwartz clarified that this functionality is essential to ensure that the balances on the ledger remain aligned with the legal obligations of the issuer. Since off-ledger events, like court orders, can change or nullify those obligations, it’s important for issuers to have the ability to update the ledger as needed.

It should be noted that in January, the XRP Ledger (XRPL) activated the clawback amendment. This followed a 90% vote from its community. 

This change allows token issuers to retrieve tokens from wallets that have been deposited into Automated Market Maker (AMM) pools. This, in turn, helps maintain adherence to regulatory requirements. Given that RLUSD is natively issued on both the XRP Ledger and Ethereum (ETH) blockchains, the clawback functionality applies to it as well.

The bill also stipulates federal oversight for stablecoin issuers with market values exceeding $10 billion. At present, only Tether (USDT) and USD Coin (USDC) meet this threshold. 

Meanwhile, RLUSD is a relatively new stablecoin. Ripple launched it on December 17, 2024. In addition, BeInCrypto data shows that it currently has a market capitalization of 135.1 million.

Therefore, as per the act, it will remain under state regulation. However, the state should also follow a framework comparable to federal standards.

The post Ripple’s RLUSD Can Be Frozen to Comply with GENIUS Act, Confirms CTO appeared first on BeInCrypto.

CertiK Discusses the Growing Frequency of Social Engineering Crypto Scams

The state of security across the crypto and blockchain space has changed significantly in the past few months. Traditional smart contracts exploited or brute force attacks on blockchain networks are being superseded by crypto scams like rug pulls and pump-and-dump schemes. 

BeInCrypto spoke with a spokesperson from security firm CertiK to understand how blockchain and security threats are evolving and how projects and users can safeguard against future exploits.

Social Media Hacks on the Rise

Over the past few months, the crypto community has seen a rise in social media-related hacks. This increasingly common tendency has pivoted away from the orchestration of more sophisticated blockchain attacks that have traditionally plagued headlines. 

Whereas smart contract exploits or blockchain hacks require more knowledge, hackers have found an easier avenue by targeting social media accounts instead.

“Social‬‭ media‬‭ accounts‬‭ have‬‭ become‬‭ attractive‬‭ targets‬‭ due‬‭ to‬‭ their‬‭ broad‬‭ reach‬‭ and‬‭ the‬‭ trust‬‭ followers‬‭ place‬‭ in‬‭ verified‬‭ profiles.‬‭ Compared‬‭ to‬‭ complex‬‭ blockchain‬‭ attacks,‬‭ hijacking‬‭ a‬‭ social‬‭ media‬‭ account‬‭ offers‬‭ a‬‭ quicker,‬‭ less‬‭ technically‬‭ demanding‬‭ way‬‭ to‬‭ spread‬‭ scams‬‭ to‬‭ a‬‭ massive‬‭ audience.‬‭ The‬‭ growing‬‭ frequency‬‭ of‬‭ such‬‭ breaches‬‭ suggests‬‭ hackers‬‭ are‬‭ focusing‬‭ more‬‭ on‬‭ social‬‭ engineering‬‭ and‬‭ credential theft over direct blockchain exploitation,” a CertiK spokesperson told BeInCrypto.

The accessibility of social media hacking has, in turn, expanded the pool of malicious actors capable of these attacks.

“‬This‬‭ trend‬‭ may‬‭ also‬‭ be‬‭ due‬‭ to,‬‭ in‬‭ part,‬‭ a‬‭ skills‬‭ gap‬‭ among‬‭ malicious‬‭ actors.‬‭ For‬‭ instance,‬‭ drainer-as-a-service‬‭ has‬‭ opened‬‭ doors‬‭ to‬‭ scammers‬‭ who‬‭ don’t‬‭ necessarily‬‭ understand‬‭ how‬‭ to‬‭ manipulate‬‭ smart‬‭ contracts.‬‭ Many‬‭ of‬‭ these‬‭ scammers‬‭ are‬‭ from‬‭ the‬‭ younger‬‭ generation,‬‭ which‬‭ means‬‭ they‬‭ are‬‭ more‬‭ likely‬‭ to‬‭ speak‬‭ about‬‭ their‬‭ financial‬‭ pursuits‬‭ online,‬‭ which‬‭ fuels‬‭ more‬‭ users‬‭ attempting‬‭ to‬‭ use‬‭ social‬‭ media‬‭ for‬‭ malicious‬‭ purposes,” the spokesperson added. 

X (formerly Twitter) has quickly become the social media platform of choice among Web3 hackers.

Social Media is Now a Prime Target for Web3 Hackers

After US President Donald Trump launched his meme coin only two days before assuming office, hackers began to take advantage of the hype to hack high-profile X accounts and convince followers to invest in scam meme coins.

Last month, anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote MALAYSIA, a fake meme coin promoted as the country’s official cryptocurrency. 

The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Russian Evil Corp and that they stole $1.7 million in this rug pull.

“Given‬‭ that‬‭ X‬‭ is‬‭ the‬‭ most‬‭ popular‬‭ crypto‬‭ social‬‭ media‬‭ application,‬‭ it‬‭ makes‬‭ sense‬‭ that‬‭ popular‬‭ accounts‬‭ on‬‭ the‬‭ platform‬‭ have‬‭ been‬‭ targeted‬‭ to‬‭ attract‬‭ the‬‭ most‬‭ victims,” Certik spokesperson said. 

The MALAYSIA token scam happened only two weeks after hackers exploited former Brazilian President Jair Bolsonaro’s social media account. In that instance, scammers promoted the BRAZIL token, which rose over 10,000% in minutes, netting the scammers over $1.3 million.

These scams have also affected technological companies.

Attacks on Tech Companies

In December, AI research and development company Anthropic also saw its X account hacked. A fraudulent post claimed that a fake token called CLAUDE would incentivize AI and crypto projects and included a wallet address for investors.

Attackers managed to collect around $100,000 from speculative investors. 

“The‬‭ trend‬‭ is‬‭ real‬‭ and‬‭ concerning.‬‭ The‬‭ breaches‬‭ of‬‭ accounts‬‭ belonging‬‭ to‬‭ global‬‭ leaders‬‭ and‬‭ tech‬‭ companies‬‭ highlight‬‭ how‬‭ threat‬‭ actors‬‭ are‬‭ targeting‬‭ platforms‬‭ with‬‭ wide-reaching‬‭ influence,‬‭ using‬‭ them‬‭ to‬‭ amplify‬‭ fraudulent‬‭ crypto‬‭ schemes.‬‭ It‬‭ reflects‬‭ a‬‭ shift‬‭ in‬‭ tactics‬‭ where‬‭ social‬‭ media‬‭ is‬‭ becoming‬‭ a‬‭ primary‬‭ vector‬‭ for‬‭ crypto-related‬‭ scams,” the CertiK spokesperson told BeInCrypto.

These situations also highlight a broader issue of weak account security on social media platforms. As a result, even prominent individuals are susceptible to security breaches that directly affect the crypto community.

TRUMP Meme Coin Launch Was a Catalyst For Crypto Scams

After the launch of TRUMP, the frequency of socially engineered scams has become more apparent. In January, Ethereum co-founder Vitalik Buterin published a cathartic social media post criticizing TRUMP and meme coins.

“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Buterin claimed.

Buterin highlighted the tokens’ role in enabling scams and political corruption in crypto and blamed a regulatory loophole former SEC Chair Gary Gensler created for allowing bad actors to exploit governance tokens.

However, these crypto scams extend beyond political themes. 

Growth of Social Engineering Exploits

A week after Buterin cautioned against political meme coins, a Coinbase user lost $11.5 million after falling victim to a social engineering scam on Base. 

Crypto sleuth ZackXBT uncovered the exploit, pointing out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He also estimates that crypto scams of this nature have drained at least $150 million from Coinbase customers. 

“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.

In social engineering scams, attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.

For CertiK, these situations stipulate the need for stronger security measures. 

“Web3‬‭ security‬‭ platforms‬‭ are‬‭ adapting‬‭ by‬‭ expanding‬‭ their‬‭ focus‬‭ beyond‬‭ smart‬‭ contract‬‭ vulnerabilities‬‭ to‬‭ include‬‭ broader‬‭ threat‬‭ detection,‬‭ particularly‬‭ around‬‭ social‬‭ engineering‬‭ risks.‬‭ Many‬‭ are‬‭ integrating‬‭ AI-driven‬‭ monitoring‬‭ tools‬‭ to‬‭ flag‬‭ unusual‬‭ account‬‭ activity,‬‭ especially‬‭ on‬‭ social‬‭ media,‬‭ and‬‭ are‬‭ educating‬‭ users‬‭ about‬‭ the‬‭ dangers‬‭ of‬‭ impersonation‬‭ scams.‬‭ The‬‭ evolving‬‭ threat‬‭ landscape‬‭ has‬‭ prompted‬‭ a‬‭ more‬‭ holistic approach to security, blending traditional blockchain defenses with social platform safeguards,” the spokesperson said. 

Addressing these security challenges is crucial as new crypto projects increase exponentially.

Prioritizing Proactive Security in a Rapidly Growing Industry

The Web3 sector is experiencing consistent growth, marked by a surge in new crypto project launches. This innovative momentum is expected to continue, but it’s also fueling security concerns.

Notably, the increasing rate of scams and hacks in the first three months of 2025 makes it clear that security efforts are struggling to keep up with innovation.

A study by Precedence Research estimates the Web 3.0 market will expand from USD 4.62 billion in 2025 to approximately USD 99.75 billion by 2034, with a projected compound annual growth rate (CAGR) of 41.18% during that period.

Predicted market size of Web3 in the next ten years.
Predicted market size of Web3 in the next ten years. Source: Precedence Research.

Yet, CertiK believes that project developers are pushing security considerations toward the end of the priority list.

“Despite‬‭ the‬‭ surge‬‭ in‬‭ new‬‭ projects,‬‭ adherence‬‭ to‬‭ proper‬‭ audit‬‭ protocols‬‭ remains‬‭ inconsistent.‬‭ While‬‭ some‬‭ projects‬‭ prioritize‬‭ thorough‬‭ smart‬‭ contract‬‭ audits,‬‭ others‬‭ rush‬‭ to‬‭ the‬‭ market,‬‭ sidelining‬‭ security‬‭ to‬‭ capitalize‬‭ on‬‭ market‬‭ trends‬‭ in‬‭ an‬‭ attempt‬‭ to‬‭ generate‬‭ rapid‬‭ profits,” said the CertiK spokesperson.

Understandably, the considerable rise in Web3 projects makes it more difficult for security firms to keep up with the pace and width of demand.

“Although‬‭ there‬‭ is‬‭ growing‬‭ awareness‬‭ around‬‭ the‬‭ importance‬‭ of‬‭ audits,‬‭ the‬‭ pace‬‭ of‬‭ new‬‭ launches‬‭ often‬‭ outstrips‬‭ the‬‭ capacity‬‭ of‬‭ security‬‭ firms,‬‭ leading‬‭ to‬‭ such‬‭ gaps.‬‭ Consequently,‬‭ many‬‭ projects‬‭ are‬‭ vulnerable‬‭ to‬‭ exploits,‬‭ highlighting‬‭ the‬‭ need‬‭ for‬‭ more standardized auditing requirements across the space,” the spokesperson concluded. 

As the Web3 ecosystem evolves, a proactive and adaptive security approach is critical. Prioritizing both blockchain integrity and social media vigilance will be essential for safeguarding the growing Web3 ecosystem.

The battle against these exploits requires a future where security is not an afterthought but a foundational pillar of every Web3 project and user interaction.

The post CertiK Discusses the Growing Frequency of Social Engineering Crypto Scams appeared first on BeInCrypto.

Blockchain for Everyone: Making Decentralization Accessible

In a rapidly evolving world, few innovations have captured the imagination and transformative potential of people like blockchain. For Alessio Vinassa, CEO of BlockTechGroup, this technology is more than just a breakthrough in digital transactions—it represents an opportunity to foster shared success, bridge gaps, and create a more inclusive future. His vision is simple but profound: blockchain should be accessible to everyone, regardless of their background or expertise.

The Power of Shared Success in Blockchain

Alessio Vinassa has long advocated for an approach he calls “shared success.” In an industry often focused on individual gains, he believes the true strength of blockchain lies in its ability to bring people together. “Blockchain is more than a financial tool—it’s a connector,” he asserts. “When we embrace collaboration, we multiply the potential for innovation.”

This philosophy extends beyond words. At BlockTechGroup, the principle of shared success is embedded in the company’s foundation. Working with over 35 projects, Alessio and his team foster an environment where knowledge-sharing and collaboration thrive. By encouraging developers, entrepreneurs, and users to support each other, they create a culture of resilience and sustainable growth.

Breaking Down Barriers to Blockchain Adoption

One of the greatest challenges facing blockchain today is accessibility. While its potential is immense, the complexity of blockchain technology often deters new users. Alessio envisions a future where onboarding is seamless, and participation is intuitive. “Blockchain has the potential to be as transformative as the internet, but for that to happen, we need to lower the barriers to entry,” he explains.

This means building platforms that are easy to use, offering educational resources, and fostering communities that welcome newcomers. Alessio and his team are committed to simplifying blockchain interactions so that anyone—from first-time users to seasoned developers—can engage with and benefit from decentralization.

The Future of Blockchain in Everyday Life

Looking ahead, Alessio believes blockchain will become a foundational part of how people interact, transact, and share knowledge. While financial applications are at the forefront today, he sees the real impact emerging in decentralized services that empower individuals. From secure data sharing to peer-to-peer solutions, blockchain’s role in daily life is only beginning to take shape.

“The future of blockchain isn’t just about technology—it’s about people,” Alessio emphasizes. “It’s about creating systems where users have greater control, where transparency is the norm, and where communities drive progress.” He envisions a world where open-source collaboration fuels meaningful solutions to real-world challenges, making blockchain a truly democratizing force.

A Call to Action: Join the Movement

For those new to blockchain, Alessio’s advice is straightforward: start with the fundamentals. Understanding key principles like decentralization, transparency, and community-driven innovation provides a strong foundation. More importantly, he encourages individuals to find like-minded communities, ask questions, and actively participate.

“Blockchain is still evolving, and there’s a place for everyone,” he says. “Whether you’re a developer, an artist, or simply curious, you have something to contribute. The key is to learn together and grow as a community.”

Driving Innovation with Purpose

At the heart of Alessio Vinassa’s work is a commitment to making blockchain more than just a technology—it’s about impact, empowerment, and shared growth. “The real motivation comes from the people,” he reflects. “The visionaries, the builders, and those who believe in blockchain’s potential to create a better future. That’s what drives me forward.”

As blockchain continues to evolve, leaders like Alessio remind us of its core purpose: to unite, empower, and create opportunities for all. The future of decentralization isn’t just about code—it’s about people coming together to shape a more inclusive digital world.

To know more about Alessio Vinassa and his business philosophies, visit his website at alessiovinassa.io. You can also find and follow him on the following social media channels:InstagramFacebook – X

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HYPE Price Crashes 9% As Hyperliquid Faces Outflows After ETH Whale Liquidation

HYPE Price Crashes 9% As Hyperliquid Faces Outflows After ETH Whale Liquidation

Hyperliquid’s native cryptocurrency HYPE has tanked by another 9% slipping to $12.54, as the network faces massive $160 million in outflows following the liquidation of the massive ETH long positions on the platform. The ETH whale liquidation event triggered a $4 million loss in the platform’s HLP Vault, triggering huge seeling pressure in HYPE price.

HYPE Price Drops As Hyperliquid Records $166M AUM Outflow

Following the liquidation of the ETH long positions, HYPE price has come under severe selling pressure in the last 24 hours. The recent 8% drop comes along with a 51% surge in daily trading volumes, shooting past $207 million. This shows that there’s a growing bearish sentiment around the altcoin as of now.

Hyperliquid experienced a significant net outflow of $166 million in assets under management (AUM) on March 12, marking the platform’s second-largest single-day outflow on record. The substantial outflow is believed to have been driven primarily by withdrawals from HLP Vault depositors in response to the losses.

Whale’s $340M ETH Long Position Triggers Liquidation

A high-leverage whale trade involving 175,000 ETH, valued at approximately $340 million, has led to significant market movements. The trader initially secured a floating profit of $8 million and closed 15,000 ETH before transferring 17.09 million USDC in margin back to their address.

However, following the margin withdrawal, the remaining 160,000 ETH long position was liquidated. The large liquidation size forced Hyperliquid HLP to assume the position at $1,915. The platform is now gradually unwinding the position to mitigate market disruption and manage associated risks.

In order to avoid the massive outflows and user panic, Hyperliquid stated that this wasn’t a part of the protocol vulnerability or a hacking incident. Instead, the user withdrew margin while holding unrealized profits, lowering their margin ratio and triggering liquidation. Despite a $4 million loss in the past 24 hours, Hyperliquid’s HLP maintains a total historical profit of approximately $60 million.

Is It Right Time to Buy the HYPE Dips?

Prominent crypto analyst CryptoGod John has expressed bullish sentiments for HYPE price, highlighting the current market conditions as a potential buying opportunity.

John noted that the token has retraced significantly since its earlier listing pump, entering what he describes as a strong support zone.

“Seen some drama on the timeline about it — but think this is a good area to scoop some while most hypetards who were loud at $20+ have now become very quiet,” John remarked.

HYPE Price
Source: Johnny

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