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NFT marketplace X2Y2 shuts down after 3 years, pivots to AI

Non-fungible token (NFT) marketplace X2Y2 announced it is shutting down after three years of operation.

According to a March 31 announcement, X2Y2 will shut down on April 30, with the team switching its focus to an artificial intelligence project. The team shared its enthusiasm for the rapidly growing sector:

“It’s a pivot. Over the last 12 months, we’ve been diving deep into AI—hands down the biggest paradigm shift we’ll see in our lifetimes—and how it can transform crypto. We’re building something new.“

Token Terminal data shows that X2Y2 saw $53.6 million worth of trading volume over the last 365 days. While this is a far cry from market leader Blur with its $3 billion worth of trading volume, it still awards the protocol fourth place behind Blur, OpenSea and Immutable.

X2Y2 365-day trading volume chart. Source: <a data-ct-non-breakable="null" href="https://tokenterminal.com/explorer/projects/x2y2/metrics/trading-volume" rel="nofollow noopener" target="_blank"

Ethereum price down almost 50% since Eric Trump's 'add ETH' endorsement

Ethereum’s native token, Ether (ETH) has lost almost half its value two months after Eric Trump, son of US President Donald Trump, told his 5.7 million followers that it was a “great time” to add the biggest altcoin to their portfolios.

Source: X/Eric Trump

President Trump spoils son’s bullish ETH outlook

As of March 31, Ether was trading for as low as $1,820, down approximately 40% since Eric Trump’s bullish tweet.

ETH/USD daily price chart. Source: TradingView

Meanwhile, Ether’s crypto market share has plunged from 10.28% at the time of Eric Trump’s X post to 8.39% as of March 31, the lowest since 2020.

Ethereum Dominance Index daily chart. Source: TradingView

A series of market headwinds blindsided traders following Eric Trump’s comment.

For instance, on Feb. 21, Bybit, a prominent cryptocurrency exchange, suffered a major security breach in which it lost approximately $1.5

Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase

Michael Saylor’s Strategy bought nearly $2 billion of Bitcoin, taking advantage of a recent price dip despite growing market concerns tied to US President Donald Trump’s upcoming tariff announcement.

Strategy, formerly MicroStrategy, acquired 22,048 Bitcoin (BTC) for $1.92 billion at an average price of $86,969 per Bitcoin.

The company now holds over 528,000 Bitcoin acquired for $35.63 billion at an average price of $67,458 per BTC, announced Saylor, the co-founder of Strategy, in a March 31 X post.

Source: Michael Saylor

Strategy is the world’s largest corporate Bitcoin holder and surpassed the 500,000 Bitcoin holdings milestone on March 24, days after Saylor hinted at an upcoming Bitcoin buy as the company announced the pricing of its latest tranche of preferred stock on March 21.

The

Japanese firm Metaplanet issues $13.3M in bonds to buy more Bitcoin

Metaplanet — a Japanese firm following in Strategy’s footsteps by focusing on accumulating Bitcoin — just issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC.

According to a March 31 filing, Metaplanet issued the zero-interest bonds by allocating them via its Evo Fund to fuel its Bitcoin purchases. Investors will be allowed to redeem the newly-issued securities at full face value by Sept. 30 this year.

The firm’s CEO, Simon Gerovich, wrote in an X post that the company was taking advantage of the recent downturn in Bitcoin prices. The announcement comes as Bitcoin changed hands for around $82,000 at the time of writing — nearly 25% down from its all-time high of over $109,000.

Source: Simon

Stablecoins, tokenized assets gain as Trump tariffs loom

Cryptocurrency investors are increasingly moving capital into stablecoins and tokenized real-world assets (RWAs) in a bid to avoid volatility ahead of US President Donald Trump’s widely anticipated tariff announcement on April 2.

Increasingly more capital is flowing into stablecoins and the real-world asset (RWA) tokenization sector, which refers to financial products and tangible assets such as real estate and fine art minted on the blockchain.

“Stablecoins and RWAs continue to see steady inflows of capital as safe havens in the current uncertain market,” crypto intelligence platform IntoTheBlock wrote in a March 31 X post.

“However, because these assets reside on-chain, even slight shifts in sentiment can trigger significant price movements, driven by the lower barriers to reallocating capital in real time,” the firm noted.

Stablecoins, total market cap. Source: IntoTheBlock

The flight to safety is mainly attributed to geopolitical tensions

Crypto funds see $226M of inflows, but asset values slump — CoinShares

Cryptocurrency exchange-traded products (ETPs) continued to see modest inflows last week, extending a reversal from a record-breaking streak of outflows.

Global crypto ETPs posted $226 million in inflows in the last trading week, adding to the prior week’s $644 million inflows, CoinShares reported on March 31.

Despite the two-week positive trend after a five-week outflow streak, total assets under management (AUM) continued to decline, dropping below $134 million by March 28.

Weekly crypto ETP flows since late 2024. Source: CoinShares

Last week’s inflows suggest positive but cautious investor behavior amid core Personal Consumption Expenditures in the US coming in above expectations, CoinShares’ head of research James Butterfill said.

Bitcoin leads weekly inflows

Bitcoin (BTC) investment products attracted the majority of inflows, totaling $195 million for the week, while short-BTC investment products saw outflows for the fourth consecutive week, totaling $2.5 million.

Altcoins, in aggregate, saw a first

Trump sons back new Bitcoin mining venture with Hut 8

Several members of US President Donald Trump’s family are backing a new venture to launch what aims to become the world’s largest Bitcoin mining firm.

Hut 8, a digital asset mining and infrastructure company, announced on March 31 that it is acquiring a majority stake in American Bitcoin, formerly known as American Data Center. The firm was founded by a group of investors, including Trump’s sons, Donald Trump Jr. and Eric Trump.

As part of the deal, American Bitcoin will take ownership of Hut 8’s Bitcoin (BTC) mining hardware. Donald Trump Jr. said that the entrepreneurs behind American Data Centers have backed their conviction in Bitcoin personally and through business.

The new venture “aims to become the world’s largest, most efficient pure-play Bitcoin miner while

How to file crypto taxes in the US (2024–2025 tax season)

Key takeaways

US crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are accurately reported to the IRS.

Crypto held for less than a year is taxed as ordinary income (10%-37%), while holdings over a year qualify for lower capital gains rates (0%, 15%, or 20%).

Selling, trading, or spending crypto triggers taxes, while holding or transferring between wallets does not.

Mining, staking, airdrops, and crypto payments are taxed as income at applicable rates.

The world of cryptocurrencies can indeed be an exciting space for investors, but as the tax season approaches, many US investors find themselves grappling with confusion and uncertainty.

With the upcoming tax filing deadline of April 15, 2025, it’s a critical time to get a handle on crypto tax obligations. Ask most US crypto investors, and they’ll likely tell you that figuring out what transactions trigger a taxable event feels like navigating a maze.

Understanding various

Coinbase users hit by $46M in suspected phishing scams — ZachXBT

Coinbase users may have lost as much as $46 million to suspected phishing scams over the past two weeks as rising crypto prices continue to attract bad actors to the industry.

Scams such as address poisoning and wallet spoofing involve tricking victims into sending assets to fraudulent wallet addresses that closely resemble legitimate ones.

According to blockchain investigator ZachXBT, multiple Coinbase-linked wallets have been targeted this month. A screenshot from blockchain explorer Blockchair shows a suspected 400 Bitcoin (BTC) theft from a single wallet address.

“It is suspected a Coinbase user was scammed yesterday for $34.9M (400.099 BTC),” the investigator wrote in a March 28 Telegram post. “After uncovering this theft I noticed multiple other suspected thefts from Coinbase users in the past two weeks bringing the total stolen this month to $46M+,” he added.

Suspected 400 BTC phishing

Typosquatting in crypto, explained: How hackers exploit small mistakes

What is typosquatting in crypto?

Typosquatting in crypto involves registering domain names that mimic popular platforms with slight misspellings to deceive users into revealing sensitive information.

In the rapidly evolving digital landscape, cryptocurrencies have become a significant form of currency, enabling decentralized and borderless financial transactions.

Along with its growing popularity, however, new cyber threats have emerged. One such threat is typosquatting, a deceptive practice where cybercriminals register domain names that closely resemble those of legitimate cryptocurrency platforms. By exploiting common typing errors, attackers aim to mislead users into visiting fraudulent sites, leading to potential financial losses and security breaches.

For instance, a user intending to visit “coinbase.com” might accidentally type “coinbsae.com,” landing on a malicious site designed to mimic the original.

These counterfeit platforms often prompt users to input sensitive information, such as private keys or recovery phrases, or to download malware disguised as legitimate

Read More at https://cointelegraph.com/explained/typosquatting-in-crypto-explained-how-hackers-exploit-small-mistakes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound