Author: Coin Telegraph

Non-fungible token (NFT) marketplace OpenSea is preparing to launch a project token, SEA, according to a Feb. 13 announcement from the OpenSea Foundation. The foundation did not specify the timing of the token launch but said SEA would be available to users in countries including the US. It added that “historical OpenSea usage, not just recent activity, will be an important ingredient” in token allocations.OpenSea’s plans highlight the stark changes in the US regulatory environment for cryptocurrency firms following US President Donald Trump’s Jan. 20 inauguration. Trump said he wants to make America “the world’s crypto capital” and has nominated industry-friendly…

Solana (SOL) price is up today, buoyed by a significant recovery in the broader cryptocurrency market. SOL’s rebound came as President Trump announced that Solana would be included in the Strategic Crypto Reserve.Data from Cointelegraph Markets Pro and TradingView shows SOL’s price is trading at around $162, up more than 15% in the last 24 hours and 28% from its local low of around $125 on Feb. 28.SOL/USD daily chart. Source: Cointelegraph/TradingViewSeveral factors driving the SOL price up today, including:SOL price rally mirrors the broader crypto market recovery following President Trump’s Strategic Crypto Reserve announcement.Approximately $38 million short SOL positions…

Cryptocurrency markets surged following US President Donald Trump’s announcement of a potential strategic crypto reserve, but analysts caution that the rally may be short-lived.On March 2, Trump said his Working Group on Digital Assets had been directed to include three altcoins — XRP (XRP), Solana (SOL), and Cardano’s ADA (ADA) —in the US crypto reserve, Cointelegraph reported.The announcement triggered a marketwide rebound, with the global crypto market cap rising nearly 7% to $3.04 trillion, while Bitcoin (BTC) breached the $95,000 psychological mark after a 7.7% intraday rally.Source: Donald J. TrumpHowever, the rally may be temporary due to the lengthy approval…

Non-fungible token (NFT) marketplace OpenSea paused its new airdrop reward system following criticism from users over its mechanics.On Jan. 28, the NFT marketplace started providing access to the beta version of its upgraded marketplace, OS2. Users were introduced to new mechanics, including points that would contribute to their eligibility for an upcoming airdrop of the platform’s native token SEA. Some community members expressed frustration over the platform’s experience points (XP) system, saying that it wasn’t conducive to builders, promoted wash trading and prioritized earning fees. In response to user feedback, OpenSea co-founder and CEO Devin Finzer announced that the platform was taking…

Crypto security analyst and Paradigm adviser ZachXBT said the circulation of stablecoins from major issuers such as Circle, Tether and Paxos should be a key metric in assessing the legitimacy of blockchain networks.His comments followed US President Donald Trump’s announcement on March 2 that certain digital assets would be included in the country’s strategic crypto reserves. Trump identified Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) as the assets to be included in the reserves. On March 3, ZachXBT argued that the presence of stablecoins issued by Circle, Tether and Paxos is a strong indicator of a blockchain’s…

Crypto scammers stole over 1 million British pounds ($1.2 million) from nine residents in Kent, England, after gaining access to their personal information from a data leak.On March 1, Kent Police urged residents to be vigilant against ongoing cryptocurrency fraud attempts. Bad actors accessed the Kent residents’ personal information and misused it to generate fake reports from the United Kingdom’s national reporting center, Action Fraud.“Personal details were taken from the data leak and used to generate fake Action Fraud reports,” the police said.Scammers created fake reports and then posed as law enforcement to contact potential victims. The victims were informed…

Some altcoins outperformed the broader cryptocurrency market as Bitcoin staged a significant rebound above the $90,000 psychological level, driven by positive news on crypto adoption in the United States.Cardano’s (ADA) token was the biggest gainer among the 100 largest cryptocurrencies, rising over 43% in the 24 hours leading up to 10:15 am UTC on March 3 to trade above $0.95, Cointelegraph Markets Pro data shows.ADA/USD, 1-month chart. Source: CointelegraphSolana (SOL) and XRP (XRP) have also staged significant rallies, with XRP rising over 15% and SOL rising nearly 12% on the daily chart, outperforming Bitcoin’s (BTC) 7.3% intraday rise.ADA, SOL, XRP,…

FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.The downfall of FTX and more than 130 subsidiaries launched a series of insolvencies that led to the industry’s longest-ever crypto winter, which saw Bitcoin’s (BTC) price bottom out at around $16,000.In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.Users will…

Soccer legend Ronaldinho Gaúcho is the latest public figure to launch a cryptocurrency, joining a growing trend of celebrity-backed memecoins.Ronaldinho launched his memecoin Star10 (STAR10) on the BNB Chain on March 3.“Holding this token grants you exclusive experiences, real benefits, signed collectibles, and even my own AI Agent — built for those who want to be part of history,” Ronaldinho wrote in a March 3 X post.As part of its tokenomics, 5% of Star10’s fees will be donated to social causes chosen by the token’s community.Source: RonaldinhoWithin 10 hours of the token’s launch, Star10 peaked at a $397 million market capitalization…

In this week’s newsletter, the non-fungible tokens (NFT) marketplace OpenSea teased the launch of its native token, SEA, and while many are undeniably interested in the upcoming airdrop, the community has expressed frustration over its mechanics. The NFT platform responded by pausing XP rewards for listing and bidding. In other news, blockchain game activity rose by a factor of three in January, according to DappRadar. NFT market OpenSea teases token launchThe OpenSea Foundation shared an update on Feb. 13 related to OpenSea’s highly-anticipated airdrop, revealing the name of the upcoming token: SEA. The foundation did not specify when the token would…