Metal Pay (@metalpaysme): Crypto News - 28 February 2025

Crypto News - 28 February 2025 This week, the cryptocurrency market faced significant downturns, with Bitcoin (BTC) leading the decline. Bitcoin fell over 5% yesterday, dipping below (https://www.reuters.com/technology/bitcoin-slides-more-than-5-lowest-level-since-november-11-2025-02-28/) the $80,000 mark for the first time since November 2024. This drop is attributed to mounting economic uncertainties, including President Donald Trump's proposed 25% tariffs on imports from Mexico and Canada, set to take effect in early March. These trade policies have raised investor concerns about potential global inflation and slowed economic growth. ​ The market's instability was made worse by that record-breaking (https://www.independent.co.uk/tech/biggest-heist-history-bybit-hack-north-korea-lazarus-b2704993.html) $1.5 billion hack of Ethereum (ETH) from the Bybit exchange we mentioned last week. This security breach has shaken investor confidence, contributing to the broader sell-off in the crypto space. As a result, the global cryptocurrency market has lost over $1 trillion in value since its peak in around mid December 2024. ​ 🖼️ https://pbs.twimg.com/media/Gk5exEUbQAAiPI0.jpg Investor sentiment toward Bitcoin has turned bearish, as shown by substantial outflows from Bitcoin backed ETF’s. Over the past week, these ETFs have collectively lost billions in assets, reflecting growing concerns over market volatility and economic policy uncertainties. The recent downturn has prompted investors (https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-sell-off-tariffs-trump-inflation-memecoins-reserve-2025-2) to reassess their exposure to Bitcoin related financial products. ​ 🖼️ https://pbs.twimg.com/media/Gk5e0xbW4AATD4r.jpg Ethereum (ETH) has not been immune to the market's bearish trend. ETHs value has declined to its lowest point since January 2024, influenced by both the broader market sell-off and the recent Bybit hack. Ethereum backed ETFs have seen notable outflows, as investors react to the heightened uncertainty surrounding the asset's short term prospects. ​ 🖼️ https://pbs.twimg.com/media/Gk5e51_XcAAAUsC.jpg Metallicus (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.metallicus.com%2F&esheet=54214358&newsitemid=20250225417038&lan=en-US&anchor=Metallicus&index=1&md5=6ab4db004edba8592823df320b46be86), a leader in blockchain technology for financial institutions (and the company behind Metal Pay), has partnered with Payfinia (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftyfone.com%2Fpayfinia%2F&esheet=54214358&newsitemid=20250225417038&lan=en-US&anchor=Payfinia&index=2&md5=bacc2ea0d86ad0b8d6dd615b00135030), an instant payments service provider and U.S. Credit Union Service Organization (CUSO), to establish a framework for offering embedded instant payment capabilities coupled with cryptocurrency services to credit union members nationwide. Payfinia will also join the Metal Blockchain Banking Innovation Program, an incubator led by Metallicus that empowers financial institutions to explore blockchain technology. Through this program, members collaborate with Metallicus’ industry-leading engineering team to develop compliant financial solutions, including stablecoins, instant payments, tokenized assets, and digital identity solutions. All innovations are built on Metal Blockchain, a BSA-compliant blockchain with integrated KYC/AML controls, ensuring security and regulatory compliance from the ground up. [Read Full Release (https://www.metallicus.com/blog/payfinia)] 🖼️ https://pbs.twimg.com/media/Gk5e90hbYAASjeG.jpg This week’s 7 day snapshot sees LOAN Protocol (LOAN (https://m.tl/SUJpbdziCEb)) and XPR Network (XPR (https://m.tl/9d6o5UtiCEb)) as the only assets available in Metal Pay posting gains this week. Meanwhile, all other assets we cover were down in the red. While some projects saw increased attention, overall sentiment remained mixed amid ongoing volatility.