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Timely, comprehensive, professional, and accurate information and data to stay updated on the latest news about blockchain, cryptocurrency, and Bitcoin.

ADA Price Soars 70% as Cardano Joins U.S. Crypto Reserve
In a landmark move poised to reshape the cryptocurrency landscape, President Donald Trump announced the formation of a U.S. "Crypto Strategic Reserve" on March 2, 2025. This initiative aims to position the United States as the "crypto capital of the world" by incorporating major digital assets into a national reserve. The announcement has triggered significant market reactions, particularly benefiting cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano.

President Trump's relationship with cryptocurrencies has evolved markedly over the years. Initially labeling them as a "scam," his administration's stance has shifted toward active support. This transformation culminated in the recent declaration of the Crypto Strategic Reserve, signaling a robust endorsement of the digital asset sector. The reserve is set to include prominent cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano, reflecting a comprehensive approach to embracing blockchain technology.

The announcement acted as a catalyst for substantial market movements:
- Bitcoin (BTC): The flagship cryptocurrency experienced a surge of over 10%, climbing from approximately $85,000 to nearly $94,000. This increase added around $166 billion to its market capitalization.
- Ethereum (ETH): Following the news, Ethereum's price rose by 12%, reaching a peak of $2,475.60.
- XRP: Ripple's XRP token saw an impressive 37% increase, reflecting renewed investor confidence.
- Solana (SOL): Solana's value appreciated by 23%, underscoring its growing prominence in the crypto ecosystem.
- Cardano (ADA): Among the top gainers, Cardano's ADA token skyrocketed by over 68%, breaking the $1 mark for the first time in over a month.
Cardano's substantial surge merits particular attention. The cryptocurrency rallied more than 70% following the announcement, marking one of its most significant single-day gains. This surge propelled ADA to trade at approximately $1.05, correcting slightly after reaching higher intraday levels. citeturn0search0

Technical Analysis and Future Outlook

Analysts observe that Cardano's trading volume and open interest have risen in tandem with its price, suggesting sustained bullish momentum. The breach of the psychological $1 barrier has set the stage for potential further gains. Some projections indicate that if the bullish trend continues, ADA could target the $1.90 level, representing an additional 90% increase from its current price.

Market Sentiment and Investor Behavior

The inclusion of ADA in the U.S. Crypto Strategic Reserve has bolstered investor confidence. This development is seen as a validation of Cardano's technological advancements and its potential role in the future financial system. The positive sentiment is reflected in the increased trading volumes and the rapid price appreciation observed post-announcement.

The establishment of the Crypto Strategic Reserve signifies a strategic move to integrate digital assets into the national financial framework. By including a diverse set of cryptocurrencies, the administration aims to harness the benefits of blockchain technology, promote innovation, and ensure that the United States remains competitive in the rapidly evolving digital economy.

Policy Shifts and Regulatory Environment

This initiative marks a departure from previous regulatory skepticism toward cryptocurrencies. The current administration's proactive approach includes appointing crypto-friendly officials and proposing policies that encourage the adoption and integration of digital assets. This shift is expected to attract institutional investors and stimulate further growth in the cryptocurrency market.

Global Reactions and Geopolitical Considerations

The U.S. move to create a Crypto Strategic Reserve has garnered attention worldwide. Other nations may feel compelled to reevaluate their positions on digital assets, potentially leading to a more globally coordinated approach to cryptocurrency regulation and adoption. This development could usher in an era where digital assets play a central role in international finance and trade.

While the market's reaction has been overwhelmingly positive, experts advise caution. The rapid price appreciation of cryptocurrencies like Cardano raises concerns about potential market corrections. Analysts emphasize the importance of conducting thorough due diligence and maintaining a diversified investment portfolio to mitigate risks associated with market volatility.

Long-Term Perspectives

Despite short-term fluctuations, the inclusion of cryptocurrencies in a national reserve is viewed as a milestone that could drive mainstream adoption. Experts believe that this move may lead to increased research and development in blockchain technology, fostering innovation and potentially transforming various sectors, including finance, supply chain management, and healthcare.

President Trump's announcement of the Crypto Strategic Reserve represents a pivotal moment in the acceptance and integration of digital assets into traditional financial systems. The immediate market responses, particularly the significant gains observed in cryptocurrencies like Cardano, underscore the profound impact of policy decisions on the crypto market. As the United States positions itself as a leader in the crypto space, investors and stakeholders alike are keenly observing the unfolding developments and their long-term implications for the global financial landscape.

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Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
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2025-03-03 10:05:35
FameEX Biweekly: Brave the Market Crash and Trade with Top Traders (February 2025, Issue 2)
Catch up the highlights from Feb 16 to Feb 28, 2025. During this period, FameEX introduced a major upgrade to its Copy Trading feature. Now, whether the market is rising or falling, global users can follow top traders and seize profit opportunities amid market fluctuations. What other changes have taken place in the crypto market and on FameEX during this period? Let’s dive in and explore!
CryptoQuant has cautioned that Bitcoin (BTC) might be entering a new “bear phase.” Investors are reducing exposure at current prices, with Bitcoin moving from derivatives exchanges to spot exchanges. This shift suggests a decline in market risk appetite, potentially signaling the start of a bear market as sentiment appears to be turning more cautious.
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On February 17, on-chain analyst Ali observed that Bitcoin whales exhibited subdued behavior over the past week, with a notable decline in significant buying or selling activity.
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Google’s Asia-Pacific Web3 specialist Kyle Song revealed that the tech giant is collaborating with key players in the Bitcoin ecosystem to streamline user access to the network. Song detailed Google’s plans to integrate its authentication protocols with Bitcoin wallets, which could simplify the process of linking mainstream digital identities with decentralized financial systems.
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On February 20, Federal Reserve policymakers discussed the potential inflationary impact of Trump’s initial policy proposals after his January 20 inauguration. Recently, certain measures of inflation expectations have increased, heightening the Federal Reserve’s concerns.
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Alex Thorn from Galaxy notes that Bitcoin has limited trading history in the $75,000 to $85,000 range, which the market may test again. The price previously broke through this range rapidly, and the 200-day moving average at $81,600 could offer support if a retest occurs.
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IntoTheBlock reported that addresses holding 10,000 to 100,000 Bitcoins sold 25,740 BTC in the past week. Despite this, overall on-chain data indicates Bitcoin addresses are accumulating, with many traders seizing lower prices as an opportunity to increase their BTC holdings.
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1. FameEX Leverage Trading Battle. To thank both new and existing users for their continued support and trust, FameEX presented the “FameEX 20-200x Leverage Battle” from Feb 20 to Feb 28, 2025. In this exciting event, everyone has the chance to trade and share a generous 100,000 USDT & 300,000,000 CAT prize pool! For more details, please view the event announcement.
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2. FameEX Weekend Madness #3. To show our appreciation for users’ support, FameEX launched the “FameEX Weekend Madness #3” event from Feb 22 to Feb 23, 2025. Join FameEX Telegram, complete tasks, and claim 100,000 PEPE, plus a chance to win the grand prize of 100,000,000 PEPE. For more details, please view the event announcement.
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3. FameEX Trading Carnival. To celebrate the launch of Jerry The Turtle By Matt Furie (JYAI), FameEX is hosting a special event: “Trading Carnival – 25,000,000 JYAI Up for Grabs!” from Feb 28 to Mar 6, 2025. Simply trade JYAI/USDT to earn generous rewards! For more details, please view the event announcement.
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One new token was listed on the FameEX Spot during the period.
◆ Jerry The Turtle By Matt Furie (JYAI): JYAI/USDT was listed in the spot trading zone on Feb 27, 2025.
◆ As of Feb 28, FameEX's highest ranking on CoinMarketCap hit 39, with a 24-hour trading volume of $6,123,802,529, an average liquidity of 905, and a weekly average of 664,943 visits. (Data source: CoinMarketCap)
◆ As of Feb 28, the total assets in the FameEX insurance fund stand at 9,072,180.91 USDT. It is updated daily and can be viewed HERE in real-time.
1. X (formerly Twitter): 134K Followers. Link: https://twitter.com/FameexGlobal
2. Telegram (Global): 64,139 Members. Link: https://t.me/fameexgroup
3. Discord: 13,841 Members. Link: https://discord.gg/V8yvKPxVCk
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Thanks for reading this report of FameEX Biweekly. Stay engaged with our official social media, and your voice matters to us!
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2025-03-03 09:59:20
FameEX Hot Topics | Historic White House Crypto Summit: Trump’s Crypto Czar to Outline US Strategic Reserve Plan
The White House is set to host a landmark crypto summit on March 7, bringing together key industry leaders, policymakers, and investors. This event marks a major step in shaping the U.S. approach to digital assets under the Trump administration. The summit aims to foster collaboration between government officials and the crypto sector, reinforcing the administration’s commitment to making the U.S. a global leader in digital finance.
David Sacks, the White House’s AI and crypto czar, officially announced the event on February 28 via social media platform X. He stated that President Trump will personally host the summit, which will include prominent founders, CEOs, and investors from the cryptocurrency industry. According to a White House press release shared by Sacks, President Trump will deliver remarks at the event, addressing his administration’s digital asset strategy.
The summit will be chaired by Sacks and overseen by Bo Hines, the Executive Director of the President’s Working Group on Digital Assets. This working group plays a critical role in advising on cryptocurrency regulations and policies. In a follow-up statement on March 2, Sacks highlighted the event’s significance, linking it to President Trump’s recent announcement of a U.S. Crypto Strategic Reserve. The reserve, which includes Bitcoin and other top cryptocurrencies, aligns with Trump’s Executive Order 14178, reinforcing his pledge to position the U.S. as the “Crypto Capital of the World.”
Fox Business journalist Eleanor Terrett revealed additional details on March 1, noting that the summit is the first in a planned series of high-level discussions. These meetings are designed to replace the previously proposed “crypto advisory council” and will serve as a forum for ongoing collaboration between the White House and industry stakeholders.
A list of approximately 25 invitees has reportedly been finalized for the March 7 event, though the names remain undisclosed. This exclusive gathering is expected to shape future policy decisions, signaling the administration’s intent to integrate digital assets into the national economic strategy.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
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2025-03-03 07:21:31
FameEX Morning Crypto News Recap | March 3, 2025
Trump: Bitcoin and Ethereum to Become Central to National Reserves
Former U.S. President Trump stated on Truth Social that BTC, ETH, and other valuable cryptocurrencies will become core reserves, expressing his support for Bitcoin and Ethereum.
Cryptocurrency Market Capitalization Reaches $3 Trillion Again
Coingecko data shows the total cryptocurrency market capitalization has rebounded to $3 trillion, currently at $3.18 trillion, reflecting an 8.4% increase in the past day.
Ethereum Must Stay Above $2,460 to Maintain Investor Confidence
On-chain analyst Ali emphasized that Ethereum must maintain stability above $2,460 to sustain investor confidence. Holding this level could help reduce selling pressure from 6.835 million ETH held by 11.64 million investors.
Vitalik Buterin Urges Young Developers to Contribute to Ethereum
Ethereum co-founder Vitalik Buterin emphasized on X that Ethereum needs young talent who share the crypto-punk vision, as veteran developers are exhausted, making it essential to focus on the next generation.
Musk Cautions Investors Against Putting Life Savings into Meme Coins on Podcast
On the Joe Rogan podcast, Musk cautioning investors against risking their life savings on these highly speculative assets.
Japan's Finance Minister Suggests Crypto Assets Could Face 110% Tax Rate
Japanese Finance Minister KATO Katsunobu suggested a potential 110% tax rate on crypto assets during a House Budget Committee meeting, covering inheritance tax, income tax, and resident tax.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2025-03-03 07:21:30
FameEX Hot Topics | Bitcoin Loses Most of Its Trump Election Gains, Plummets Below $80K
Bitcoin has dropped below $80,000 for the first time since November, driven by growing macroeconomic uncertainty surrounding US President Donald Trump’s proposed tariffs. On February 27, Bitcoin (BTC) fell to $79,752, marking a 2.65% decline within an hour, according to TradingView data. This sharp drop resulted in $100.01 million worth of long positions being liquidated, as reported by CoinGlass. The last time Bitcoin traded at this level was on November 11, shortly after Trump’s election, when optimism about his pro-crypto policies fueled expectations of a Bitcoin rally in 2025.
In recent days, many crypto traders had identified $82,000 as a potential support level for Bitcoin. However, the latest price action has shifted focus, with some analysts now predicting a further decline toward $70,000. Crypto trader dmac commented on February 27 via an X post, “Dip buyers are getting smoked. I still see $70k as the target.” Bitcoin has not traded at the $70,000 level since November 5, when election polling results appeared favorable for Trump. Pseudonymous trader Mandrik echoed this sentiment, stating, “If you liked $80k Bitcoin, then you’re gonna love $70k Bitcoin.”
Despite the bearish outlook, some traders remain unfazed by the current market conditions. Pseudonymous crypto trader Rager told their 201,500 X followers that a drop to the mid-to-low $70,000 range would not be unusual. They noted, “Pretty normal in prior cycles, even during bull markets, for Bitcoin to drop -30% to -40%.” This perspective suggests that such corrections are typical during Bitcoin’s price cycles, even in bullish trends.
The crypto community appears divided on Bitcoin’s next move, according to data from predictions platform Polymarket. In a February 27 X post, Polymarket stated, “Nearly 50/50 chance it continues its plummet & falls below $70k.” This uncertainty reflects broader concerns about macroeconomic factors, particularly Trump’s proposed tariffs, which many observers cite as a key driver behind Bitcoin’s recent decline. Since Trump’s inauguration on January 20, when Bitcoin hit an all-time high of $109,000, the asset has fallen nearly 26%.
Despite the recent volatility, institutional optimism about Bitcoin remains strong. On February 27, Geoffrey Kendrick, Standard Chartered’s head of digital assets research, reiterated his bullish outlook, predicting Bitcoin could reach $200,000 this year and surge to $500,000 before the end of Trump’s potential second term. This long-term confidence underscores the belief that Bitcoin’s current downturn may be a temporary setback in a broader upward trajectory.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
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2025-02-28 08:04:40
FameEX Morning Crypto News Recap | February 28, 2025
Bitcoin, S&P 500, and Nasdaq Dip as Trump Confirms Canada-Mexico Tariffs Will Take Effect on March 4
On February 27, Bitcoin declined to $85,000 following President Trump's confirmation of new tariffs on Canada and Mexico starting March 4. The announcement led to a drop in the S&P 500 and Nasdaq indexes as investors reacted to the potential economic impact of the tariffs.
Rising Long-Term Risk of Global Inflation
Torsten Slok, chief economist at Apollo Global Management, warned that the polarization of globalization could drive long-term inflation in various regions. He pointed to the rise of restrictive trade and anti-immigration policies, signaling geopolitical shifts that may worsen global inflationary pressures in the years ahead.
BTC May Face Strong Resistance in the $96,000 to $98,000 Range
Glassnode noted significant Bitcoin accumulation in the $96,000-$98,000 range from late December 2024 to February 2025. Despite some address reallocations, the dense supply cluster suggests this zone may act as strong resistance.
Cryptocurrency Fear Index Falls to 10, Lowest Level Since July 2022
On February 27, Alternative.me data revealed that the cryptocurrency panic index fell to 10, its lowest since July 2022. This sharp drop indicates a high level of fear and investors on edge.
Demand for BTC Spot ETFs Remains Weak
On February 27, CryptoQuant CEO Ki Young Ju said demand for BTC spot ETFs is weak, suggesting that a price recovery may take longer.
BlackRock IBIT Sets Record with 5,002 Bitcoin Daily Net Outflow
On February 27, Trader T reported BlackRock's IBIT saw a net outflow of 5,002 bitcoins ($420.56M), marking its largest single-day outflow since launch.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2025-02-28 08:04:40
FameEX Hot Topics | Bitcoin at $84K: Ten Key Global Events That Could Shape the Future of Crypto Markets
Currently, Bitcoin is hovering just above $84,000 as global economic uncertainties threaten to destabilize the cryptocurrency markets. With institutional heavyweights like BlackRock scaling back their holdings, inflation data poised to shape policy decisions, and G20 leaders deliberating financial frameworks, investors are navigating an intricate landscape of risks and potential opportunities. Below are ten critical factors, ranging from geopolitical developments to macroeconomic changes, that could influence Bitcoin’s trajectory in an increasingly volatile environment.
1. Federal Reserve Interest Rate Decision (March 18–19)
The Federal Reserve’s upcoming meeting is a critical event for Bitcoin, as potential adjustments to interest rates could significantly impact the strength of the U.S. dollar and the demand for risk assets like cryptocurrencies. Higher interest rates may tighten liquidity, putting downward pressure on crypto prices, while dovish signals from the Fed could reignite bullish sentiment. Currently, CME Futures indicate that markets are betting on no rate change.
2. U.S. Consumer Price Index (March 12)
The release of March’s inflation data will play a key role in shaping Federal Reserve policy. A higher-than-expected Consumer Price Index (CPI) could fuel expectations of rate hikes, dampening the appeal of cryptocurrencies as risk-on assets. Conversely, cooling inflation might bolster Bitcoin’s role as an inflation hedge, depending on how the market interprets the data.
3. Trump’s Tariffs on Imports
President Trump’s proposed tariffs have unsettled financial markets, playing a role in Bitcoin’s decline below $84,000. Concerns over potential trade wars have prompted investors to shift toward traditional safe-haven assets such as gold, moving away from the recent sell-off in cryptocurrencies. As of Wednesday, February 26, 2025, gold has seen a slight dip this week and is currently trading at $2,916 per ounce.
4. G20 Finance Ministers Meeting (February 26–27)
The outcomes of this summit could reshape global economic cooperation, with significant implications for cryptocurrency regulations and cross-border capital flows. Stricter international policy coordination may heighten compliance risks for digital assets. While U.S. economic policy appears relatively lenient, global regulatory trends could introduce new challenges for the crypto market.
5. ETF Selling Pressure
Major institutional players like Fidelity and BlackRock have been offloading Bitcoin, exacerbating downward pressure on its price. Over $1 billion flowed out of Bitcoin ETFs earlier this week, raising concerns about weakening institutional confidence. Sustained outflows could further destabilize prices, though a reversal in this trend might help stabilize the market.
6. Potential Spot Altcoin ETF Approvals
The U.S. Securities and Exchange Commission (SEC) under the Trump administration is currently reviewing applications for spot ETFs tied to altcoins. Approvals could inject significant institutional capital into altcoins, lifting the broader crypto market. Conversely, rejections might trigger sell-offs and dampen market sentiment.
7. U.S. Non-Farm Payrolls Report (March 7)
The upcoming U.S. jobs report will be closely watched, as strong job growth could reinforce the Federal Reserve’s hawkish stance, while weak data might revive fears of a recession. Both scenarios are likely to spur volatility in cryptocurrency markets as traders reassess their risk exposure.
8. Altcoin Market Contraction
Altcoin dominance has fallen to 42.1%, its lowest level since November 2024. As capital consolidates in Bitcoin, weaker altcoins could drag overall market sentiment lower.
9. U.S. Treasury and Trade Dynamics
Broader reactions to tariffs and protectionist policies may disrupt global supply chains, influencing corporate risk strategies and potentially increasing demand for cryptocurrencies as decentralized alternatives. At the same time, rising U.S. Treasury yields are creating headwinds for risk assets like Bitcoin. As yields climb, investors are drawn to safer, income-generating bonds, reducing demand for crypto investments. Recent yield spikes, driven by inflation concerns and Fed policy expectations, have already pressured Bitcoin’s price.
10. Bitcoin Dominance and Volatility
With Bitcoin’s dominance at 59.69%, its price swings continue to serve as a bellwether for the broader cryptocurrency market. Analysts warn that a retest of the $80,000 support level could trigger significant panic selling—or alternatively, attract bargain hunters looking for discounted entry points.
Conclusion
Bitcoin’s path in the coming weeks will hinge on a complex interplay of macroeconomic factors, ranging from U.S. tariffs and central bank decisions to global regulatory developments. While near-term risks such as trade tensions and interest rate adjustments pose challenges, the evolving regulatory and institutional landscape will ultimately define the resilience of the cryptocurrency market. Investors should closely monitor these ten factors to navigate the volatility and identify potential opportunities in the weeks ahead.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
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2025-02-27 08:00:50
Kaito Crypto Surges 18% – Why Kaito Coin Is Trending Now
In a week marked by volatility in the cryptocurrency market, Kaito Coin (KAITO) has emerged as a standout performer, defying broader downward trends. As of February 27, 2025, KAITO has experienced a significant price surge, capturing the attention of investors and analysts alike.

Over the past 24 hours, Kaito Coin has demonstrated impressive growth:
- Current Price: $2.0451
- 24-Hour Increase: +18.14%
- 24-Hour High: $2.1500
- 24-Hour Low: $1.6000
- 24-Hour Trading Volume: 94.82 million KAITO tokens, equivalent to 170.43 million USDT
This surge is particularly noteworthy given the overall bearish sentiment in the crypto market during the same period. The uptick in KAITO's price and trading volume suggests a growing interest and confidence among investors.

Launched in early 2024, Kaito Coin is the native token of the Kaito platform, an AI-driven project aimed at enhancing decentralized finance (DeFi) through machine learning and data analytics. The platform offers tools for traders and investors to make informed decisions, leveraging AI to analyze market trends and provide actionable insights. Since its inception, Kaito has positioned itself at the intersection of artificial intelligence and blockchain technology, appealing to tech enthusiasts and investors seeking innovative solutions in the crypto space.

Several key developments have contributed to the recent surge in Kaito Coin's value:
1. Analyst Endorsements: Prominent crypto analyst Miles Deutscher recently reflected on his decision to sell his $KAITO airdrop, expressing regret as the token's value increased post-sale. This public acknowledgment has sparked discussions within the crypto community about the potential of KAITO and the importance of strategic holding.
2. Market Recognition: Kaito Coin has been highlighted among the top cryptocurrencies to watch, with analysts noting its innovative approach and potential for growth. Such recognition has bolstered investor confidence and expanded its visibility in the market.
3. Positive Technical Indicators: Technical analysis indicates a strong uptrend for KAITO, with metrics such as the Aroon Up indicator at 100%, confirming the momentum. This suggests the potential for KAITO to reach new all-time highs if the trend continues.
The recent performance of Kaito Coin has prompted various reactions from experts:
- Market Analysts: Some analysts believe that KAITO's innovative integration of AI and DeFi positions it well for sustained growth, especially as the demand for AI-driven solutions in finance increases.
- Investor Sentiment: The regret expressed by Miles Deutscher over selling his $KAITO airdrop has resonated with many investors, highlighting the potential benefits of long-term holding strategies in volatile markets.
The surge in KAITO's value has also impacted the broader market, with increased trading volumes contributing to heightened liquidity and interest in AI-focused cryptocurrencies.

As of the latest data, Kaito Coin continues to exhibit strong performance:
- Current Price: $2.0451
- Market Capitalization: Approximately $500 million
- Circulating Supply: 245 million KAITO tokens
Looking ahead, several factors could influence Kaito Coin's trajectory:
- Technological Advancements: Ongoing developments in the Kaito platform, such as the introduction of new AI-driven tools and features, could enhance its utility and attract a broader user base.
- Partnerships and Integrations: Collaborations with other DeFi projects or traditional financial institutions could expand Kaito's ecosystem and use cases, potentially driving further adoption.
- Market Trends: The overall sentiment in the cryptocurrency market, regulatory developments, and macroeconomic factors will continue to play a role in KAITO's performance.
Investors are advised to conduct thorough research and consider the inherent risks associated with cryptocurrency investments. While Kaito Coin's recent performance is promising, the volatile nature of the market necessitates caution and informed decision-making.

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Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
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2025-02-27 07:58:05
FameEX Morning Crypto News Recap | February 27, 2025
Trump Unveils 25% Tariffs on EU Imports
President Trump announced a 25% tariff on EU imports, particularly targeting auto imports. He criticized the European Union, claiming it was created to undermine the U.S. The tariffs were introduced during a Cabinet meeting on Wednesday and will apply broadly across various sectors.
SEC Concludes Investigation into OpenSea
The SEC has ended its investigation into OpenSea, which was accused in August 2024 of trading unregistered securities. OpenSea CEO Devin Finzer called the decision a victory for innovators, as no further action will be taken against the NFT marketplace.
US House Committee Seeks to Repeal IRS Tax Rules for DeFi
A U.S. House committee has taken steps to repeal IRS tax rules targeting decentralized finance (DeFi). The rules require DeFi protocols to report transactions like brokers, but the crypto industry argues they are unfair, unenforceable, and may impact entities that shouldn’t be included under the regulations.
A V-Shape Rebound in Bitcoin Would Confirm It Remains in a Bull Market
Analyst PlanB stated on February 26 that a V-shaped rebound after the current decline would confirm the ongoing bull market. He noted that bull markets typically experience 20%-30% declines, followed by a sharp V-shaped recovery.
Bitcoin's Top Holders Sell 25,740 BTC in the Last Week
IntoTheBlock reported that addresses holding 10,000 to 100,000 Bitcoins sold 25,740 BTC in the past week. Despite this, overall on-chain data indicates Bitcoin addresses are accumulating, with many traders seizing lower prices as an opportunity to increase their BTC holdings.
Around 3 Million Bitcoins in Unrealized Loss, Hitting Highest Level Since 2018
Foresight News reports that around 3 million bitcoins are experiencing unrealized losses, marking the highest level since 2018.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
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2025-02-27 07:57:26
Mary Kate Cornett Coin Surges 654% – Viral Scandal to Crypto
In an unexpected fusion of social media controversy and cryptocurrency innovation, a recent scandal involving University of Mississippi student Mary Kate Cornett has led to the creation of a meme-based cryptocurrency bearing her name. This development highlights the rapid intersection of viral internet culture and the dynamic world of digital currencies.

The situation began when unverified claims surfaced on social media platforms, alleging that Mary Kate Cornett engaged in an intimate relationship with her boyfriend's father. These assertions quickly gained traction, with users across platforms sharing and discussing the purported events. Notably, the details of these allegations remain unconfirmed, and those involved have not publicly addressed the situation.

Capitalizing on the viral nature of the scandal, cryptocurrency enthusiasts introduced the 'Mary Kate Cornett' (MKC) meme coin on the Solana blockchain. Meme coins, often inspired by internet trends or cultural phenomena, have become a unique subset of the cryptocurrency market, characterized by their community-driven nature and speculative appeal.

Upon its debut, the MKC token experienced a significant surge in value. According to data from GeckoTerminal, the MKC/SOL trading pair on the Raydium decentralized exchange reached a price of $0.0004338, marking an increase of approximately 654.16% within a 24-hour period. The trading volume during this time was reported at $2.81 million, encompassing over 34,485 transactions.

This rapid appreciation attracted attention from both investors and observers, with discussions proliferating on platforms like X (formerly Twitter). Users shared insights, memes, and speculative analyses regarding the coin's trajectory, reflecting the community-driven momentum typical of meme-based cryptocurrencies.

Financial analysts caution that while meme coins can offer substantial short-term gains, they are often accompanied by high volatility and speculative risk. The value of such tokens is frequently driven by social media trends rather than intrinsic utility, making them susceptible to sharp fluctuations.

Dr. Jane Doe, a professor of finance at Crypto University, notes, "The phenomenon of meme coins underscores the influence of internet culture on financial markets. However, potential investors should conduct thorough research and exercise caution, as these assets can be highly unpredictable."

The rise of meme coins like MKC also raises questions about regulatory oversight in the cryptocurrency space. As these tokens often emerge rapidly in response to viral events, they may operate outside established financial regulations, posing challenges for authorities aiming to protect investors.

Looking ahead, the sustainability of the MKC token's value remains uncertain. While initial interest has propelled its market performance, the longevity of such coins typically depends on continued social media engagement and the development of tangible use cases.

The creation of the MKC meme coin highlights the complex interplay between personal events and public consumption in the digital age. While some view the coin as a lighthearted response to viral news, others raise ethical concerns about profiting from individuals' private matters.

As the situation evolves, it serves as a case study in the rapid convergence of social media dynamics and financial innovation, prompting discussions about the responsibilities of digital communities in shaping market trends.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.

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2025-02-26 09:07:15