In today's whirlwind of crypto happenings: Genesis Digital Assets expands mining in Texas, while XRP clings to a key level and Bitcoin sees a potential market bottom. Let's dive into the details.

Circle's stablecoins, USDC and EURC, have been approved for use within Dubai's International Financial Centre, a move expected to fortify Circle's market position. Meanwhile, Bitcoin dipped below eighty-eight thousand dollars, prompting a buying surge on Kraken. Despite the positive sentiment, the market bears continue to loom with the potential for more downside.

Cardano's ADA is consolidating amidst a recent dip, while meme coins TRUMP and LIBRA are under scrutiny for impacting Bitcoin's liquidity. Meanwhile, Solana's SOL sees bearish trades ahead of an impending unlock.

After a massive hack on Bybit for one point four billion dollars, North Korea's Lazarus group is under scrutiny. There's buzz around a controversial suggestion to roll back the Ethereum network, but the community strongly opposes it. Meanwhile, Bybit is navigating a "bank run" with assets dropping significantly. In a related move, Bybit has started buying Ether, temporarily boosting its price.

A significant hack at Bybit has resulted in the theft of one point five billion dollars in Ether, making the hacker the fourteenth-largest holder of Ether. Meanwhile, Bybit CEO Ben Zhou has labeled Pi Network a scam, and Arthur Hayes has proposed a controversial rollback of the Ethereum network.

Today, SynFutures launches an AI trading agent while Altvest Capital adopts Bitcoin as a treasury asset. Meanwhile, JPMorgan reports weak demand in crypto markets, and Ye plans a new token.

SynFutures has launched Synthia, an AI trading agent on Coinbase's Base network, promising to revolutionize derivatives trading with natural language commands. Meanwhile, S&P Global Ratings reports that stablecoin adoption in the U.S. is stymied by regulatory gaps, but potential legislation might soon change the landscape.

Iran and other U.S.-sanctioned nations are using cryptocurrencies more heavily to bypass economic sanctions. A Chainalysis report shows these countries accounted for thirty-nine percent of illicit crypto transactions in 2024, totaling nearly sixteen billion dollars. Meanwhile, Bitcoin volatility has decreased as investors await the Federal Reserve's meeting minutes. The BTC Volatility Index dropped from seventy-two to fifty point eight since late January, signaling Bitcoin's maturation. Also,...

In today's news, the cryptocurrency market is witnessing significant movements and strategic investments. A major incident involving the LIBRA token has caused turmoil in the Solana ecosystem, while U.S.-based art collective Kanbas has made a historic purchase in the NFT market. Ether ETFs are seeing substantial inflows, suggesting a shift in investor sentiment from Bitcoin to Ethereum. Meanwhile, regulatory actions and new developments in meme coins are creating buzz and uncertainty among in...

This week in crypto, markets brace for volatility with events like FTX's creditor payouts and a high-profile Trump-Musk interview. Meanwhile, hacking incidents and market movements highlight ongoing security and stability challenges.