Crypto News Today, 12th March : XRP News , Pi Network Price, XLM Crypto

Monicah W

The post Crypto News Today, 12th March : XRP News , Pi Network Price, XLM Crypto appeared first on Coinpedia Fintech News

March 12, 2025 06:15:47 UTC

Crypto Prices Today

Bitcoin’s recent price rally drives a broad recovery across the cryptocurrency ecosystem. BTC is up by 4.68% over the last 24 hours, trading at approximately $83,014 after rallying from a low of $76,624. Meanwhile, altcoins such as XRP, Dogecoin, and Cardano have cleared key resistance levels, with XRP up 7.42% to $2.193, Dogecoin rising 7.67% to $0.1669, and Cardano staging a rebound from around $0.76. The total crypto market cap has surged by 4.51% to $2.69 trillion, driven by renewed investor optimism fueled by supportive regulatory signals and increased network activity. Despite the strong recovery, some analysts expect further corrections before a new market top is reached.

March 12, 2025 05:57:55 UTC

U.S. Strategic Bitcoin Reserve Implementation Will Be “Compressed”- David Bailey

Bitcoin Magazine CEO David Bailey stated that the U.S. Strategic Bitcoin Reserve Executive Order will be “far more compressed than the market expects,” with a timeline measured in “days and weeks, rather than months or years.” This rapid implementation contrasts with prevailing market expectations, suggesting swift action in setting up the reserve. The move is seen as a key step toward enhancing the government’s strategic approach to Bitcoin, and it could have significant implications for market dynamics and investor sentiment in the cryptocurrency space.

March 12, 2025 05:57:55 UTC

Franklin Templeton Submits XRP ETF Application

Franklin Templeton, boasting over $1.5 trillion in assets under management, has officially filed an application for an XRP ETF. The fund’s XRP assets will be secured by Coinbase Custody Trust Company, ensuring robust asset protection and regulatory compliance. This move reflects growing institutional interest in digital assets and could pave the way for broader investor access to crypto-based investment products. Industry watchers see this as a significant step in bridging traditional finance and the evolving cryptocurrency market.

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German Prosecutors Halt eXch Crypto Platform, Confiscate $38.5 Million in Digital Assets

The Frankfurt am Main Public Prosecutor’s Office, in collaboration with the Central Office for the Combat of Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), has shut down Germany-based cryptocurrency exchange eXch.

On April 30, law enforcement seized the exchange’s server infrastructure and approximately €34 million ($38.5 million) in crypto assets. 

German Authorities Shut Down eXch

In a press release issued on May 9, the authorities revealed that the seized crypto assets included Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH). They also confiscated over eight terabytes of data.

“Once again, we have been able to seize millions of euros’ worth of illicit cryptocurrencies and shut down a digital money-laundering platform. The scale of these operations clearly shows that cybercrimes are being committed on an industrial level,” Carsten Meywirth, Head of the Cybercrime Department of the German Federal Criminal Police Office, said.

The seizure of eXch followed allegations that the privacy-focused exchange was used to launder illicit funds. The platform allegedly operated without Know Your Customer (KYC) requirements and was accessible on both the Clearnet and Darknet. 

The press release emphasized that the platform was advertised on criminal forums. It openly stated that it did not implement anti-money laundering measures. Users remained anonymous, with no identity verification and no data storage, making eXch ideal for hiding financial transactions. 

According to German authorities, eXch facilitated around $1.9 billion in cryptocurrency transfers since its launch. They suspect that the exchange received Bitcoin of criminal origin.

Moreover, it was allegedly laundering a significant portion of the $1.5 billion stolen from the hacked cryptocurrency exchange Bybit in February. The Bybit hack, attributed to North Korea’s Lazarus Group, is one of the largest cryptocurrency thefts in history. Hackers siphoned off over 400,000 ETH from the exchange’s cold wallet.

“eXch was used to launder hundreds of millions from the Bybit hack, Multisig hack, FixedFloat exploit, $243 million Genesis Creditor theft, and countless phishing drainer services over the past few years with refusal to block addresses and freeze orders,” blockchain investigator, ZachXBT, wrote on Telegram.

Amid the allegations surrounding Bybit’s funds, eXch announced its voluntary closure effective May 1. The exchange cited a hostile environment and the pressure from the ongoing transatlantic operation, which involved allegations of money laundering and terrorism, as key reasons for their decision to shut down.

“The goals we certainly never had in mind were to enable illicit activities such as money laundering or terrorism, as we are being accused of now. We also have absolutely no motivation to operate a project where we are viewed as criminals. This doesn’t make any sense to us,” the April 17 announcement read.

However, just one day before eXch’s closure, German authorities acted and seized it. They stated that they managed to secure numerous pieces of evidence and traces. For now, the Frankfurt Prosecutor’s Office has not released additional details on potential charges or arrests related to the operation.

The post German Prosecutors Halt eXch Crypto Platform, Confiscate $38.5 Million in Digital Assets appeared first on BeInCrypto.

Pi Network Price Implication If Trump Mentions Pi Coin in Next Press Briefing

Pi Network Price Implication if Trump Mentions Pi Coin in Next Press Briefing

President Donald Trump’s recent recognition of Ethereum, Cardano, Solana, and XRP has drawn attention to other rising cryptocurrencies. With Pi Network price climbing as the token secures its position as the 11th largest crypto by market cap, speculation is rife over whether Trump will mention Pi Coin in his next press briefing. If this happens, how high will Pi Network price rally? 

How High Will Pi Network Price Rally if Trump Mentions Pi Coin? 

There are several factors that could make Pi Network price the next topic in Trump’s crypto discussions, fueling a parabolic rally. White House crypto czar David Sacks recently told Bloomberg that Trump mentioned ETH, XRP, SOL, and ADA because they rank among the top five cryptocurrencies by market cap.

In the meantime, Pi Network token is rapidly closing in, securing its spot as the 11th largest crypto just weeks after launch. Beyond its market position, Pi Coin has also overtaken Ethereum in social following, making it the fourth most-followed cryptocurrency.

Pi Network Price Implication if Trump Mentions Pi Coin in Next Press Briefing
Pi Network X Following

With Pi Network price surging amid growing adoption and investor interest, it could soon be among the top digital assets Trump highlights in his next press briefing.

Pi Coin is also swiftly gaining adoption in the US. The token has gained entry into a trillion-dollar US industry. Additionally, Pi Network is one of the affiliate members at Stanford School of Engineering alongside other US crypto companies such as Ripple and a16z, whose executives were present at the White House Crypto Summit. 

As Pi Coin gains inroads in the US, it could soon be recognized as one of the top US altcoins. This could prompt Trump to mention it during his pro-crypto press briefings and drive a Pi Network price rally. 

Grok AI notes that if Trump were to mention Pi Coin, the price could rally by as much as 200% within a few hours. If this rally extends for days, it would target $100. It noted,

“Realistically, a mention alone might drive a 100-150% rally within 48 hours, mirroring past Trump-induced spikes. For a longer-term surge—say, toward $100 or beyond.”

Pi Network Token Soars 20% – More Gains Ahead? 

As the Pi Coin community awaits a potential mention by Trump, Pi Network price is already rallying ahead of the project’s sixth anniversary on March 14. At press time, the Pi Network token trades at $1.66 after a staggering 20% gain in 24 hours. After these gains, Pi Coin flipped resistance at $1.44, and could soon rally to the 123.6% Fibonacci level of $3.42. 

The RSI stands at 62, which is a bullish zone. It shows that buying pressure and the upward trend are strong, which could spark a major Pi Coin price rally. 

The MACD line is tipping upwards and attempting to cross over to the positive region to confirm the bullish thesis. At the same time, the MACD histogram bars show that buyers are in control. 

As these bullish signs emerge, the Pi Network price prediction shows that a rally past $3 is likely to happen in the near term. 

Pi Network Price Implication if Trump Mentions Pi Coin in Next Press Briefing
PI/USDT: 2-hour Chart

In summary, Pi Network price today is bullish ahead of the project’s sixth anniversary on March 14. However, if the project’s iconic growth piques the interest of President Trump, the token could rally by 200% within a few hours and possibly hit $100 within days.  

The post Pi Network Price Implication If Trump Mentions Pi Coin in Next Press Briefing appeared first on CoinGape.

Breaking: US SEC Files To Dismiss Binance Lawsuit

After nearly three years of legal back-and-forth, the US Securities and Exchange Commission (SEC) is shutting down its case against Binance. Both parties have submitted a joint filing, bringing the long-running Binance lawsuit to a close. The US SEC Voluntarily Ends Binance Lawsuit Early reports trickling in reveal that the US SEC is bringing down the curtains on its lawsuit against Binance and its founder, Changpeng Zhao. According to a Reuters report, the SEC has reached an agreement with Binance to voluntarily dismiss the drawn-out case. Parties formally filed a joint stipulation of dismissal in a US federal court in Washington, signed by their legal representatives. Going forward, the SEC’s decision to call a truce on the Binance lawsuit signals an end to the era of crypto regulation by enforcement. “Huge win for crypto today,” said Binance in a statement on X. “The SEC’s case against us is dismissed.” Huge… Read More at Coingape.com

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