Analysis Crypto by Thebittimes.Com

In what could be an important development for the leading memecoin, Elon Musk has said that the US government currently has “no plans” to use Dogecoin (DOGE). Indeed, the head of US President Donald Trump’s DOGE Commission noted that the cryptocurrency will likely not be integrated into government operations any time soon. Musk has long been tied to the digital asset. He once referred to himself as the self-professed ‘Dogefather.’ Moreover, many of the cryptocurrencies’ biggest price increases have been tied to the Tesla CEO. The clarification has seen the asset plummet, continuing its 7% fall over the last seven days, according to CoinMarketCap. JUST IN: Elon Musk says the US government has "no plans" to use Dogecoin $DOGE. — Watcher.Guru (@WatcherGuru) March 31, 2025 Also Read: $10,000 In Dogecoin (DOGE) 10 Years Ago, Here Are Your Return Elon Musk Confirms the US Government Has No Plans for Dogecoin The United States has embraced a rather revoluti...

1. The Total Number of Users of South Korean Crypto Exchanges Reaches 16.29 Million, Surpassing That of Stock Investors link According to SBS, as of the end of February 2025, the total number of users of virtual asset exchanges in South Korea reached 16.29 million, accounting for approximately 32% of the country’s total population, surpassing the number of stock investors (14.1 million). It is worth noting that this data is based on the sum of account holders of the five major South Korean exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax. If the same individual opens accounts on multiple exchanges, they will be counted repeatedly. The South Korean cryptocurrency consulting firm DeSpread and the media outlet CoinNess jointly released the “2024 Cryptocurrency Investor Trends Report”. A survey of 3,108 individual investors shows that the average holding is between 10 million and 50 million South Korean won, and more than 70% of the investors achieved profits in 2024. The assets with...

De-dollarization efforts around the world have sparked debate about the future of global reserve currencies, yet the US dollar continues to maintain its dominant position in 2025. Despite challenges from rival currencies and also geopolitical tensions, the greenback shows remarkable resilience as the backbone of international trade and finance right now. Source: Reuters Also Read: GTA 6 Investment: $265M to $7.7B—Can GTA 6’s $2 Billion Investment Beat 29x ROI of GTA 5? Why the US Dollar Remains Dominant Despite De-dollarization Attempts Source: Watcher Guru The “Least Dirty Shirt” in Global Finance The US dollar’s supremacy has been questioned repeatedly over the decades, and yet it continues to defy doom-mongers. According to Paul Blustein‘s book “King Dollar: The Past and Future of the World’s Dominant Currency,” economic historian Charles Kindleberger declared the dollar “finished as international money” in the 1970s as U.S. inf...

Hyperliquid, a (supposedly) decentralized trading platform, delisted its JELLYJELLY perpetual futures after a trader’s manipulation caused $13 million in losses. The incident, developed on March 26, sparked debates about decentralization and market integrity in crypto. The drama unfolded when a trader exploited Hyperliquid’s system, forcing the platform to reimburse most users via the Hyper Foundation. This swift action followed suspicious activity that rattled the decentralized exchange’s native token, HYPE, and its Hyperliquidity Provider Vault (HLP). Essentially, the trader opened a $6 million short position on JELLYJELLY, as detailed by several media outlets. They then pumped the Solana-based memecoin’s price on-chain, surging it over 400%, according to Arkham Intelligence . This triggered a liquidation, but the position’s size overwhelmed Hyperliquid’s system. Picks for you ...

Digital asset management giant Grayscale says one layer-one blockchain is the best-positioned out of any to potentially steal market share away from Ethereum (ETH), the biggest smart contract platform by market cap. In a new report from Grayscale Research, the firm says Sui (SUI) provides “one of the highest throughput and lowest transaction costs of any single-layer network” without relying on additional scaling layers, as Ethereum does. Grayscale notes that Sui represents only 0.3% of its Smart Contract Platforms Crypto Sector by market capitalization. According to the firm, its Smart Contract Platforms Crypto Sector index includes crypto assets that serve as the baseline platforms upon which self-executing contracts are developed and deployed. “Although competition within the Smart Contract Platforms Crypto Sector is likely to remain intense, Grayscale Research believes that Sui is currently the best-positioned third-generation blockchain to c...

GameStop (GME) has announced its plans to add the Bitcoin cryptocurrency (BTC) as a treasury reserve asset. The company’s board unanimously approved the update to GameStop’s investment policy on Tuesday. GameStop shared the news in its Q4 2024 update released today. An announcement regarding Bitcoin pic.twitter.com/gG8JRarIok — GameStop (@gamestop) March 25, 2025 “The Company’s investment policy permits investments in certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stable coins…” GameStop announced. “The Company acquires Bitcoin or U.S. dollar-denominated stable coins, the Company will be exposed to certain risks associated with Bitcoin or stable coins, respectively.” News around GameStop looking into cryptocurrencies broke back in February 2025, causing GME stock to climb over 20% for some time. After Tuesday’s bell closing, GME has already risen over 7%. The popular gaming retailer could be following i...

Dogecoin is undoubtedly one of the leading crypto meme tokens in the space. The token boasts a large community base and has recently been gaining momentum primarily in the ETF domain as several companies have filed for a DOGE ETF with the US SEC. Alongside that, with Dogecoin’s close association with Elon Musk, the coin often encounters sudden peaks and falls and continues to work on its unique price pathway. Will Dogecoin carve new price milestones before the end of March 2025? Let’s find out. Also Read: Pakistan’s New Crypto Tariff: Major Savings for Miners Ahead! Dogecoin Price Analysis: Where Is the Token Headed? Source: Watcher Guru Dogecoin is currently at $0.18, up 4% in the last 24 hours. Amid recent happenings, Dogecoin is now a primary choice for an ETF, as several companies have filed applications to launch a Dogecoin ETF, bolstering the token’s mainstream presence in the space. At the same time, Dogecoin is predicted to carve a new price milestone this year...

After much deliberation and delay, Bitcoin has finally displayed signs of rejuvenation, with BTC slowly inching towards claiming the $87K price mark. The token was earlier trading around the $84K price pedestal and was struggling to move past the critical price point. As of now, the token is sitting at $86K, up 3% in the last 24 hours. Can BTC truly hit a new time before the end of Q1, 2025? Let’s find out. Also Read: White House Scaling Back Tariffs—Here’s What It Means for You Bitcoin: What’s Next? Source: Watcher Guru Bitcoin is currently sitting at $86K at press time, up 3% in the last 24 hours. The token had earlier claimed an $87K price mark but since then has retracted its step a bit, sitting at $86K presently. The token had earlier hit a new low of $80K, spurred primarily by rising trade war narratives that had lately been battering the cryptocurrency down a notch. Now that the markets have stabilized, Bitcoin has also noted a spike, helping the token sit at $86K rig...

Michael Saylor boasted this morning that his company upsized a fundraising deal from $500 million to $722.5 million. In order to close that deal, however, he boosted the STRF preferred stock dividend and financial terms — and excluded those details from his tweet. Specifically, Strategy (formerly MicroStrategy) had hoped to sell 5 million shares of STRF preferred stock as close to their $100 liquidation preference as possible. Instead, the company slashed the pricing of those shares by 15% to $85. Liquidation preference is the right of certain investors to receive their investment back first — ahead of common shareholders — in the event of a liquidity event like a dividend, dissolution, or payout.  In addition to a 15% discount on liquidation preference, Strategy agreed to keep its dividend rate at 10% on the full $100 per share. Therefore, an even sweeter result of that discount is that investors will receive a de facto 11.76% dividend rate because of th...

The US stock market has gotten off to a sluggish start to the year so far. However, that has not taken away from the potential that many are seeking in the industry for the rest of 2025. Among the most promising shares to buy is Microsoft (MSFT) which has been called an “AI leader” by Scotiabank amid a recently increased $470 price target. The company has become one of the most diversified in the tech sector, and its ambitious plans have its data center infrastructure set to expand throughout this year. Although its capital expenditures are high, there is no doubt that its investments have been smart thus far. Moreover, they should begin to pay off very soon. Source: CNBC Also Read: Microsoft (MSFT): Is It The Best Quantum Computing Stock? Microsoft to Lead AI Sector? Scotiabank Champions Stock Amid Sluggish 2025 Earlier this year, Microsoft announced a groundbreaking $2.7 billion data center investment plan. The move brought optimism and concern from different sects of inve...

Bithumb was raided by South Korean authorities today after it allegedly provided its former CEO with $2 million for an apartment deposit. YTN reports that the Seoul Southern District Prosecutor’s Office conducted the raid on Bithumb’s Yeoksam-dong headquarters after Kim Dae-sik allegedly misappropriated 3 billion won to buy the property in Seoul. The Financial Supervisory Service initially launched an investigation and handed it over to Seoul’s prosecutors. South Korean crypto scandal prompts Upbit and Bithumb raids Read more: Pictures from Singapore raid that seized $735M in crypto and other assets Bithumb was raided back in 2023, along with Upbit, after a South Korean lawmaker used the exchanges to hold roughly $4.5 million worth of wemix coins.  The official was accused of trading cryptocurrency during parliamentary sessions and had voted in favor of various crypto legislation . Got a tip? Send us an email or ProtonMail. For more informed news, f...

Despite demonstrating a greater degree of resilience to the current cryptocurrency market downturn compared to its larger peers, the longstanding legal battle between the Securities and Exchange Commission (SEC) and Ripple has been an anchor preventing XRP price from rising above a crucial level of resistance at $2.80 in recent weeks. Numerous market commenters had expressed concern that a protracted legal battle could serve to ultimately diminish the asset’s appeal. However, the election of Donald Trump was largely seen as the catalyst that would resolve the issue in Ripple’s favor, as the SEC, after Gary Gensler’s departure, embarked on a spree of dropping cases. On March 19, Ripple Labs Chief Executive Officer Brad Garlinghouse announced that the regulatory body will be dropping its appeal against the original 2023 ruling in Ripple’s favor in a post on social media platform X. Picks for you ...