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  • Bitcoin needs ‘to find real organic buyers’ to resume uptrend — VC
    by Ciaran Lyons on February 28, 2025 at 6:31 am

    Master Ventures founder Kyle Chasse says Bitcoin needs to find genuine buyers, not hedge funds, who “don’t care about Bitcoin” and are just chasing “low-risk yield.” Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist.“This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse said in a Feb. 27 X post. “For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” Chasse added. Read more

  • MetaMask to support BTC, SOL DeFi, eventually end gas fees in new roadmap
    by Brayden Lindrea on February 28, 2025 at 6:07 am

    MetaMask will expand from Ethereum Virtual Machine chains for the first time in May when it will add support for Solana, while Bitcoin will also be integrated in the third quarter. Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year. The Bitcoin network will be integrated sometime in the third quarter, while Solana will become the first non-Ethereum Virtual Machine chain that MetaMask supports in May, MetaMask’s Dan Finlay said in a Feb. 27 post.Gas-included swaps — allowing users to swap two tokens and by paying with the token they’re swapping — will soon be upgraded to allow users to pay in any token they hold.Read more

  • THORChain dev exits after failed bid to halt North Korean transactions
    by Jesse Coghlan on February 28, 2025 at 6:06 am

    A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol. A THORChain developer says he’s stepping away from the crypto protocol after a vote to block North Korean hacker-linked transactions was reverted — while another validator has also threatened to call it quits over the saga.“Effectively immediately, I will no longer be contributing to THORChain,” the crosschain swap protocol’s core developer, only known as “Pluto,” wrote in a Feb. 27 X post. Pluto said they would remain available “as long as I am needed and to ensure an orderly hand-off of my responsibilities.”Read more

  • Arizona crypto reserve bills inch closer to law after passing Senate
    by Martin Young on February 28, 2025 at 5:08 am

    Two crypto reserve bills have passed their third reading in Arizona’s Senate and will head to the state’s House of Representatives. Arizona’s Senate has advanced a Bitcoin reserve bill, bringing it to second place behind Utah in a race between US states to get a crypto investment bill approved. The Arizona Senate passed the Strategic Digital Assets Reserve bill (SB 1373) on its third reading on Feb. 27 with a vote of 17 for and 12 against. It now advances to the state’s House.The bill, sponsored by Republican Senator Mark Finchem, would create a “Digital Assets Strategic Reserve Fund” administered by the state treasurer that would consist of money appropriated by the legislature and crypto seized by the state.Read more

  • Bitcoin, crypto ‘dip buy hype’ is now at its highest level in 7 months
    by Stephen Katte on February 28, 2025 at 4:48 am

    Traders on social media seem keen to buy the dip, but onchain analytics platform Santiment says this doesn’t necessarily mean it’s time to buy yet. Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000.Santiment’s social sentiment tracker found that traders’ discussions on various social media channels like X, Reddit and Telegram between Feb. 25 and 26 are “showing a very high level of confidence” that this dip is the “the one to buy,’” the platform said in a Feb. 28 post to X.It’s the highest level of crypto dip-buying interest in seven months, it added. Read more