🚨 Must-Read Crypto News: What’s Shaking the Market?

Author

CoinGape Media
February 25, 2025

News

A closely watched crypto bill that sought to enable South Dakota to tap state money to invest in Bitcoin has been blocked. House Bill 1202, introduced by Representative Logan Manhart, proposed creating a Bitcoin reserve for South Dakota. The bill aimed to allow the state to invest up to 10% of its total portfolio in Bitcoin. However, the lawmakers referred to the bill, which means that its progress was halted for this legislative session.

As the US Securities and Exchange Commission (SEC) takes progressive steps to resolve ongoing crypto lawsuits, attention is now focused on the landmark XRP lawsuit. Though many believe that the Ripple vs SEC case settlement is imminent, legal experts like MetaLawMan warn of a possible delay in the case. Let’s unveil the possible reasons for the US SEC’s delay in the XRP lawsuit resolution through the eyes of experts and industry leaders.

Sponsored

Meme coins have transformed early investors into crypto millionaires, with Shiba Inu and Pepe Token leading the charge. Shiba Inu skyrocketed over 1000x, turning a $95,000 investment into $37 million, while Pepe Token followed suit, reaching a $1.65 billion market cap, with one investor turning $27 into over $1 million. These success stories highlight the power of early-stage investments, but with Shiba ($0.00001578, 589.25T supply) and Pepe ($0.00000163, 420.69T supply) already well-established, their explosive growth potential is now limited. While the top memecoins might showcase humongous performance in the past, but the future might be different. The coming days might as well not just rely on past trends but also appreciate incoming of new altcoins and memecoins.

Markets

đź“Š Crypto Prices Today (Feb 25): Why BTC Stooped To $88K Low & Altcoins Followed?

The broader market action set off severe investor concerns on Tuesday, showcasing an alarmingly slumping trajectory. Bitcoin (BTC) price swooped below $90K in the past 24 hours, whereas Ethereum (ETH) dropped below $2,400. XRP and Solana prices tanked 13%-15% intraday, mimicking the broader market trend. This waning action mainly aligns with Donald Trump’s recent tariff announcement for Canada & Mexico and massive liquidations.

Crypto market crash continues to extend further as the Bitcoin price takes a dip all the way to $91,000 levels with overall market liquidations soaring all the way to $914 million. Altcoins could be facing an even greater crash amid a liquidity crisis-like situation.