XRP has surged to $2.36, marking a 5% increase over the past 24 hours, with a market capitalization of $136 billion. Trading volume for the day reached $4.09 billion, as the cryptocurrency moved within an intraday range of $2.22 to $2.39, remaining 30.6% below its all-time high of $3.40. XRP On the one- hour chart, XRP […]

XRP Price Watch: Bulls Defend Key Support, But Resistance Looms

The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested 
Hyperliquid&#8217;s limits on March 12 has entered another multimillion-dollar 
position, this time in Chainlink (LINK), onchain data shows.
On March 14, the anonymous whale, referred to on X as &#8220;ETH 50x Big Guy,&#8221; took 
out long positions in LINK worth approximately $31 million with 10 times 
leverage, according to Lookonchain, a Web3 analytics service.
He placed the bets on Hyplerliquid and GMX, two popular perpetuals exchanges, 
Lookonchain said in a March 14 X post. Additionally, the whale accumulated 
roughly $12 million in spot LINK.
In the ensuing hours, the whale gradually reduced his LINK holdings through 
small swaps back into stablecoins, as per onchain data.
_Source:__Lookonchain_
 _**Related:**__**Hyperliquid ups margin requirements after $4 million 
liquidation loss**_
## Massive trading gains
On March 12, the unidentified trader intentionally liquidated a roughly $200 
million ETH long position, causing Hyperliquid&#8217;s liquidity pool, HLP, to lose 
$4 million. The trader&#8217;s profits topped roughly $1.8 million.
According to Lookonchain, the trader has earned nearly $17 million in the past 
month on Hyperliquid.
The incident highlighted the challenges facing perpetual trading platforms 
such as Hyperliquid, which enable traders to take long or short positions many 
times larger than their deposited capital.
Hyperliquid said the trader&#8217;s actions did not qualify as an exploit and were 
instead a predictable consequence of the mechanics of its trading platform 
under extreme conditions.
In response to the losses, Hyperliquid announced on March 13 revised 
collateral rules for traders with open positions to guard against similar edge 
cases in the future.
Launched in 2024, Hyperliquid&#8217;s flagship perpetuals exchange has captured 70% 
of the market share, surpassing rivals such as GMX and dYdX, according to a 
January report by asset manager VanEck.
Chainlink, the most popular decentralized oracle service, saw the price of its 
native LINK token increase by more than 150% in the weeks after President 
Donald Trump prevailed in the US election.
It has since given up much of those gains, declining from highs of nearly $30 
per token in December to less than $14 as of March 14, according to data from 
CoinGecko.
Chainlink&#8217;s market capitalization is currently around $8.7 billion.
_**Magazine:**__**&#8217; Hong Kong&#8217;s FTX&#8217; victims win lawsuit, bankers bash 
stablecoins: Asia Express**_

Hyperliquid’s mystery 50x ETH whale is now betting on LINK

Six days ago, on March 8, 2025, the tokenized Blackrock USD Institutional 
Digital Liquidity Fund (BUIDL) held $668 million in assets under management 
(AUM). Since then, its AUM has soared by 50.3%, eclipsing the $1 billion 
threshold. From $668M to $1B in 6 Days Launched in March 2024, this pioneering 
tokenized fund—issued on several public […]

Blackrock’s BUIDL Soars 50% in 6 Days—Tokenized Fund Now Commands $1B AUM

Global investment manager VanEck has filed for an Avalanche (AVAX) exchange- 
traded fund (ETF) with the US Securities and Exchange Commission seeking to 
offer investors direct exposure to the smart contract platform.
A snippet of the application was shared on social media on March 14 by 
Bloomberg analyst James Seyffart, who has been closely monitoring the crypto 
ETF industry.
_Source:__James Seyffart_
The proposed VanEck Avalanche ETF intends to &#8220;reflect the performance of the 
price of &#8220;AVAX,&#8221; the native token of the Avalanche network, less the expenses 
of the Trust&#8217;s operations,&#8221; the prospectus read.
The proposed fund will hold AVAX and will &#8220;value its Shares daily based on the 
reported MarketVector Avalanche Benchmark Rate,&#8221; the prospectus said.

VanEck files for AVAX ETF

Early in 2025, there was a significant surge in the stablecoin market, with a 
$20 billion increase in total supply. With a 10% increase from January, the 
total supply now stands at almost $205 billion. The spike, according to data 
from Glassnode, comes after a dip in late 2024, when the supply of stablecoins 
fell from $187 billion to $185 billion. Related Reading: Bitcoin And S&amp;P 
Decline Together, But Data Predicts A Turnaround Stablecoins See A Strong 
Rebound For trading cryptocurrencies, stablecoins—like USDT and USDC—often act 
as a reserve for investors expecting the right time to buy assets like 
Bitcoin. The most recent rise shows that investor interest has surged, 
especially in view of last year&#8217;s slow down. Since Jan 1, the aggregate 
#stablecoin supply has increased by $20.17B (+10.9%), now reaching more than 
$205B. For comparison, the December peak clocked in at $187B but the supply 
actually contracted in the last two weeks of 2024 and dropped to $185B by 
January 2025. pic.twitter.com/gQbdMEDisb — glassnode (@glassnode) March 13, 
2025 Given the previous fall, this comeback is especially notable. For most of 
2024 the market has been losing stablecoins; but, this trend has lately 
reversed. Although past patterns suggest that Bitcoin&#8217;s price may be impacted, 
it is unknown whether this increase will lead to a rise in purchases of 
cryptocurrencies. Bitcoin Investors Watching Closely A growing stablecoin 
supply is often seen as a bullish sign for Bitcoin. Historically, the price of 
Bitcoin has risen in line with the stablecoin count. The reasoning is simple: 
more stablecoins mean more potential capital just waiting to be entered into 
the market. Some analysts believe this fresh injection could push Bitcoin 
higher. However, not all stablecoins are used for trading. Many are held for 
remittances, payments, or as a hedge against inflation, especially in 
countries where local currencies are unstable. As of today, the market cap of 
cryptocurrencies stood at $2.65 trillion. Chart: TradingView Stablecoin 
Exchange Holdings Drop 21% While the total supply is rising, only 21% of 
stablecoins are currently sitting on exchanges. This is a significant drop 
from 2021, when over 50% of the supply was available for immediate trading, 
Glassnode disclosed. This shift suggests that while new coins are being 
issued, they are not all being deployed into crypto markets right away. 
Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? This could 
point to one of two possibilities: either stablecoins are being used more 
often outside of exchanges or investors are still waiting for the suitable 
moment. Should the latter prove right, the impact on Bitcoin could be less 
notable than expected. What This Means For Bitcoin’s Future The stablecoin 
market is currently experiencing a resurgence, which is generally a favorable 
development for the cryptocurrency sector. However, it is uncertain whether 
this will result in a short-term increase in the price of Bitcoin. Stablecoin 
utilization has fluctuated, and additional economic variables will contribute 
to this development. At the time of writing, Bitcoin was trading at 82,264, 
down 1.1% and 6.9% in the daily and weekly frames. Featured image from Warwick 
Business School, chart from TradingView

Stablecoins Supply Up By $20 Billion – The Key To Bitcoin’s Next Move?

A previously unknown type of cryptojacking malware called MassJacker is 
targeting piracy users and hijacking crypto transactions by replacing stored 
addresses, according to a March 10 report from CyberArk.
The cryptojacking malware originates from the website pesktop[dot]com, where 
users seeking to download pirated software may unknowingly infect their 
devices with the MassJacker malware. After the malware is installed, the 
infection swaps out crypto addresses stored on the clipboard application for 
addresses controlled by the attacker.
According to CyberArk, there are 778,531 unique wallets linked to the theft. 
However, only 423 wallets held crypto assets at any point. The total amount of 
crypto that had either been stored or transferred out of the wallets amounted 
to $336,700 as of August. However, the company noted that the true extent of 
the theft could be higher or lower.
One wallet, in particular, seemed active. This wallet contained just over 600 
Solana (SOL) at the time of analysis, worth approximately $87,000, and had a 
history of holding non-fungible tokens. These NFTs included Gorilla Reborn and 
Susanoo.
_**Related:**__**Hackers have started using AI to churn out malware**_
A look into the wallet on Solana&#8217;s blockchain explorer Solscan shows 1,184 
transactions dating back to March 11, 2022. In addition to transfers, the 
wallet&#8217;s owner dabbled in decentralized finance in November 2024, swapping 
various tokens like Jupiter (JUP), Uniswap (UNI), USDC (USDC), and Raydium 
(RAY).
## Crypto malware targets array of devices
Crypto malware is not new. The first publicly available cryptojacking script 
was released by Coinhive in 2017, and since then, attackers have targeted an 
array of devices using different operating systems.
In February 2025, Kaspersky Labs said that it had found crypto malware in app- 
making kits for Android and iOS. The malware had the ability to scan images 
for crypto seed phrases. In October 2024, cybersecurity firm Checkmarx 
revealed it had discovered crypto-stealing malware in a Python Package Index, 
which is a platform for developers to download and share code. Other crypto 
malware have targeted macOS devices.
_**Related:**__**Mac users warned over malware &#8216;Cthulhu&#8217; that steals crypto 
wallets**_
Rather than having victims open a suspicious PDF file or download a 
contaminated attachment, attackers are getting sneakier. One new &#8220;injection 
method&#8221; involves the fake job scam, where an attacker will recruit their 
victim with the promise of a job. During the virtual interview, the attacker 
will ask the victim to &#8220;fix&#8221; microphone or camera access issues. That &#8220;fix&#8221; is 
what installs the malware, which can then drain the victim&#8217;s crypto wallet.
The &#8220;clipper&#8221; attack, in which malware alters cryptocurrency addresses copied 
to a clipboard, is less well-known than ransomware or information-stealing 
malware. However, it offers advantages for attackers, as it operates 
discreetly and often goes undetected in sandbox environments, according to 
CyberArk.
_**Magazine:**__**Real AI use cases in crypto, No. 3: Smart contract audits &amp; 
cybersecurity**_