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SKY token surges 10% amid aggressive buybacks and governance changes

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SKY token surges 10% amid aggressive buybacks and governance changes - 2

The SKY token rallied roughly 10% over the past 24 hours as investors responded to the protocol’s ongoing token buyback program and governance updates designed to reshape its tokenomics.

Summary

  • SKY gained roughly 10% in the past 24 hours, according to on-chain and market data.
  • The protocol has repurchased over 1.8 billion SKY tokens through its ongoing treasury-backed buyback program.
  • Recent proposals approved adjustments to staking rewards and treasury management, which could reduce token inflation.

SKY climbs double digits as protocol buybacks fuel rally

According to on-chain data, the token’s latest move comes amid renewed interest in the project’s supply reduction strategy. The Sky protocol has been actively repurchasing its native token through a treasury-backed buyback mechanism, which removes tokens from circulation and can reduce selling pressure.

SKY token surges 10% amid aggressive buybacks and governance changes - 2
Sky price performance | Source: Coingecko

Data from the protocol’s public buyback dashboard shows that more than 1.8 billion SKY tokens have already been repurchased through the program. The buybacks are funded using USDS from the project’s treasury and are executed directly on the market.

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The strategy mirrors traditional corporate share buybacks, a model increasingly adopted by some decentralized finance protocols to return value to token holders and support price stability.

Momentum also appears to have been boosted by recent governance developments within the Sky ecosystem. A newly approved executive vote introduced several operational updates, including adjustments to staking rewards and treasury management functions.

One of the key changes involves the normalization of SKY staking rewards, a move that effectively slows the rate at which new tokens are issued to participants.

By reducing emissions, the protocol aims to limit inflationary pressure on the token while maintaining incentives for network participants.

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The governance vote also included operational updates related to agent onboarding and settlement cycles within the protocol’s broader infrastructure.

Taken together, the buyback activity and emission adjustments have strengthened the narrative around SKY’s evolving tokenomics, which increasingly emphasize supply management and revenue-backed incentives.

The rally highlights growing market interest in DeFi projects experimenting with token value accrual models that resemble equity-style financial mechanisms.

If the buyback pace continues and governance changes further tighten supply, analysts say SKY could remain a closely watched token in the decentralized finance sector.

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The Last 24 Hours in Crypto

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The Last 24 Hours in Crypto


A closer look at some of the most important stories you might have missed in the past 24 hours.

A lot happened in the world of cryptocurrencies over the last 24 hours. We have handpicked a few of the more important titles you may have missed, so let’s have a quick look.

Google Warns of New iPhone Exploit Targeting Crypto Users

Google researchers have flagged a relatively powerful exploit kit that they call “Coruna.” It is capable of infecting iPhone devices and potentially jeopardizing sensitive information, including seed phrases of cryptocurrency wallets. The toolkit contains a total of 23 vulnerabilities across five exploit chains that target devices running older versions of iOS, ranging from iOS 13 to 17.2.1.

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Multiple security analysts say that attackers have managed to deploy the exploit through compromised websites and fake crypto-oriented platforms. Once a vulnerable device visits the website, malware can scan messages and apps like MetaMask to locate wallet credentials or financial information.

The exploit has originally been linked to espionage campaigns before spreading to cybercriminal groups with financial motives. This highlights how advanced surveillance tools can leak into the broader criminal ecosystem, as well as the critical importance of maintaining technological hygiene, updating your phone’s software, and following mandatory security tips when interacting with crypto platforms.

Morgan Stanley Taps Coinbase and BNY Mellon for Bitcoin Infrastructure

Morgan Stanley is preparing to deepen its involvement in crypto infrastructure. The banking behemoth is supposedly considering launching a Bitcoin investment product. The bank intends to rely on Coinbase for cryptocurrency custody services, as well as on BNY Mellon for additional asset custody related to the proposed Morgan Stanley Bitcoin Trust.

The ETF itself will hold Bitcoin directly, and the custody structure will primarily rely on offline cold storage to reduce hacking risks, according to the filing.

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The move signals growing institutional demand for regulated access to crypto products. Major financial institutions have undoubtedly increased their involvement and partnered with well-known crypto firms rather than building their own infrastructure in a bid to accelerate Wall Street’s venture into the digital asset industry.

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Zerohash Applies for U.S. National Trust Bank Charter

Popular crypto infrastructure firm Zerohash has formally applied for a National Trust Bank Charter with the U.S. Office of the Comptroller of the Currency (OCC). This step could enable the company to operate as a federally regulated trust bank.

If the application is approved and the charter granted, this would allow Zerohash to further expand its services to niches such as digital asset custody, stablecoin management, and tokenized asset infrastructure under a unified federal regulatory framework.

The company is already powering crypto integrations for institutions, which include Morgan Stanley, Stripe, and Interactive Brokers. The move comes a day after Kraken became the first crypto company to obtain a Fed Master Account.

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Venture Giant a16z Targets $2 Billion for a New Crypto Fund

Silicon Valley venture capital powerhouse Andreessen Horowitz (a16z) is raising around $2 billion for a fund focused on investing in the cryptocurrency industry. According to the reports, the round can close as early as the first half of this year.

Historically, a16z has been one of the most prominent VCs in the Web3 ecosystem, backing major projects and startups across blockchain infrastructure, crypto apps, DeFi, and related areas.

Despite the ongoing crypto winter, a new fund of this size suggests that venture investors still see long-term opportunity, highlighting that periods of pressure can also be times of opportunity. Recall that Dragonfly  – another crypto-oriented VC – recently launched their fourth fund worth $650 million.

Tether Makes $1.5 Billion Bet on AI Sleep Tracking

Last but not least, we have the stablecoin giant Tether making a strategic investment in the AI-powered mattress and sleep-oriented technology company Eight Sleep at a $1.5 billion valuation.

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The investment seems to be part of the firm’s broader strategy to diversify and expand well beyond crypto and stablecoins into emerging sectors such as health technology and artificial intelligence.

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Google warns of iPhone exploit kit used to steal crypto wallets

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Google warns of iPhone exploit kit used to steal crypto wallets

Cybersecurity researchers are warning that a powerful iPhone exploit kit is increasingly being used in cybercrime campaigns targeting cryptocurrency users.

Summary

  • Google researchers identified a powerful iOS exploit kit called Coruna containing 23 vulnerabilities across five exploit chains.
  • The malware can scan devices for crypto wallet recovery phrases and financial data, potentially enabling attackers to drain funds.
  • The tool reportedly moved from surveillance operations to nation-state espionage and eventually financially motivated cybercrime groups.

Hackers deploy iPhone exploit kit to harvest crypto wallet data

According to a new report from Google’s Threat Intelligence Group, the exploit framework, dubbed “Coruna,” contains five full iOS exploit chains and 23 vulnerabilities capable of compromising iPhones running operating systems between iOS 13 and iOS 17.2.1.

The exploit kit allows attackers to execute malicious code through web content by exploiting vulnerabilities in Apple’s WebKit browser engine and other components. Once a victim visits a compromised website, the framework fingerprints the device to identify the exact iPhone model and software version before deploying the most effective exploit chain.

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Researchers say the malware can then deliver additional payloads designed to harvest sensitive data from the device, including cryptocurrency wallet information.

In some campaigns, the exploit kit was deployed through fake gambling and cryptocurrency websites that specifically targeted iPhone users.

The malicious payload was capable of scanning images and files on the device for keywords such as “backup phrase” or “bank account,” allowing attackers to extract recovery phrases and access crypto wallets.

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Google’s investigation shows the exploit kit circulated among several threat actors over the past year. It was first observed in 2025 in surveillance operations, later used in watering-hole attacks against Ukrainian users by a suspected Russian espionage group, and eventually adopted by financially motivated hackers linked to China.

Security analysts say the case highlights a worrying trend where sophisticated spyware-grade exploits migrate from government or commercial surveillance tools into the broader cybercrime ecosystem.

Researchers recommend updating devices to the latest iOS versions, as the exploit kit does not affect the newest software releases.

The findings underscore the growing intersection between mobile security threats and cryptocurrency theft, with attackers increasingly targeting digital wallets stored on smartphones.

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Bitcoin (BTC) Price Surges Past $73K Amid $1.47B ETF Inflow Surge and Brandt’s Bullish Pivot

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Bitcoin (BTC) Price

Key Highlights

  • Bitcoin breached the $73,000 threshold Thursday, fluctuating between $72,500 and $73,187 during trading sessions
  • Spot Bitcoin ETFs in the United States attracted $155M Wednesday, contributing to a two-week accumulation totaling $1.47B
  • Legendary market analyst Peter Brandt indicated current market dynamics could represent a reversal from October’s highs
  • BTC has outpaced gold performance following Iranian military strikes, gaining over 10% versus gold’s nearly 2% decline
  • Glassnode blockchain analytics reveal caution signals: approximately 57% of circulating BTC remains profitable

Bitcoin has successfully reclaimed the $70,000 threshold this week, touching an intraday peak of $73,544 throughout Asian market sessions before experiencing a modest correction to approximately $72,500 during Thursday’s London trading window.

Bitcoin (BTC) Price
Bitcoin (BTC) Price

The upward momentum accompanies a comprehensive rally across risk-sensitive assets following market volatility triggered by coordinated U.S. and Israeli military operations against Iranian targets this past weekend.

The cryptocurrency advanced 8% Wednesday during American trading windows before experiencing a 1.8% decline Thursday. South Korea’s Kospi index surged 11% while Japan’s Nikkei climbed 4.2% simultaneously, demonstrating widespread market stabilization.

Bitcoin’s Coinbase premium indicator — which had briefly turned negative Sunday — has now inverted. Market analyst Ted Pillows observed it achieved its strongest reading since October 2025, suggesting robust demand from American institutional participants.

“Market sentiment is experiencing a bullish transformation within cryptocurrency circles,” stated Caroline Mauron, Orbit Markets co-founder.

From the trading session preceding Iranian strikes, Bitcoin has appreciated more than 10%. Conversely, gold declined nearly 2% during this identical timeframe. This represents a notable departure from recent monthly patterns, where gold consistently established new records while Bitcoin experienced downward pressure.

Bitcoin ETF Capital Flows Continue Strong Momentum

U.S.-listed spot Bitcoin exchange-traded funds recorded approximately $155 million in net positive flows Wednesday. This continues a sustained two-week pattern accumulating roughly $1.47 billion in fresh capital deployment, based on SoSoValue analytics.

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March has already witnessed more than $1.1 billion channeled into American Bitcoin ETF products, including a remarkable $462 million single-day allocation, according to Bloomberg intelligence.

Bitfinex market strategists have cautioned that ETF capital inflows don’t necessarily correlate directly with immediate spot market purchases, considering authorized participants can establish ETF shares prior to acquiring underlying Bitcoin assets.

Veteran Trader Peter Brandt Adjusts Market Outlook

Seasoned market veteran Peter Brandt, who maintained pessimistic positioning since October’s approximate $127,500 peak, shared on X platform this week that present market structure represents “the significant change of price behavior since the top in Oct.”

Bitmine executive chairman Tom Lee responded to Brandt’s commentary, characterizing it as a “potential inflection/change Bitcoin” development.

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Market commentator Milk Road highlighted $225.2 million in ETF accumulation on a single day and $458.2 million the preceding session — approaching $700 million across 48 hours — suggesting this volume could fundamentally alter supply-demand equilibrium.

Near-term resistance zones exist between $75,000 and $78,000 levels. Downside support appears established at $65,000 and $60,000 thresholds.

Notwithstanding the recovery, Glassnode data indicates approximately 57% of Bitcoin circulating supply currently trades above acquisition cost — a metric historically associated with early bearish market phases. Short-term holder cost basis clustering near $70,000 could function as resistance, potentially converting upward movements into selling opportunities.

U.S. Treasury Secretary Scott Bessent announced a 15% universal tariff implementation will likely commence this week, potentially creating market headwinds.

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Dogecoin price nears bullish triangle breakout, can it recover to its February highs?

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Dogecoin price is close to confirming a bullish symmetrical triangle breakout on the daily chart.

Dogecoin price is close to confirming a bullish breakout from a symmetrical triangle pattern amid a surge in demand on the derivatives market.

Summary

  • Dogecoin price hit weekly high after reports of U.S.-Iran negotiations calmed investor fears.
  • Dogecoin is close to confirming a bullish symmetrical triangle breakout.

Dogecoin (DOGE) price shot up 17% to a weekly high of $0.103 on Thursday morning Asian time before settling at $0.096 at press time.

Dogecoin’s rally was supported by investor fears cooling off after reports surfaced that Iran has secretly been negotiating a deal with the U.S. to de-escalate the ongoing conflict between the two nations.

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A look at its futures market shows that more investors are now betting in favor of a Dogecoin rally.

According to CoinGlass data weighted funding rate for Dogecoin has turned positive, signalling that long traders are paying short traders to maintain their positions as they anticipate further gains. Such conditions tend to influence retail sentiment positively.

On the daily chart, Dogecoin price is close to confirming a breakout from the upper side of a symmetrical triangle pattern. When an asset breaks out from the upper side of a symmetrical triangle, it is viewed as a very positive signal and typically marks the beginning of a sustained bullish trend.

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Dogecoin price is close to confirming a bullish symmetrical triangle breakout on the daily chart.
Dogecoin price is close to confirming a bullish symmetrical triangle breakout on the daily chart — March 5 | Source: crypto.news

For Dogecoin, a breakout from the pattern could trigger bulls to aggressively push the price to reclaim its February high of around $0.117.

Momentum indicators like the MACD and RSI seem to support the bullish path. The MACD lines were moving upwards while the RSI was close to breaking out of the neutral threshold, which is often the spark needed for a massive rally during periods of high market volatility.

However, it should be noted that a break below the $0.080 support would invalidate the bullish setup.

Meanwhile, a major headwind for Dogecoin is the weak demand for spot ETFs tied to the meme coin, which could limit any sustained rally.

Notably, the three spot DOGE ETFs have so far managed to draw in only $7.45 million in net inflows since their launch in November. These institutional products had gone through a month of no flows before attracting only $779,000 in inflows on March 2.

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Traders may see the muted involvement from major investors as a sign that institutional players remain unconvinced about the meme coin’s long-term prospects, even as retail demand stays strong.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Solana and XRP price prediction ahead of U.S. employment report for February

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Solana and XRP price prediction ahead of U.S. employment report for February - 1

Solana and XRP are holding key technical levels as traders prepare for the release of the February U.S. employment report, a major macro event that could influence risk sentiment across financial markets, including cryptocurrencies.

Summary

  • Solana and XRP traders are watching the February U.S. employment report, a key indicator that could shape expectations for Federal Reserve policy and risk appetite.
  • SOL is stabilizing near $91 with accumulation indicators improving, suggesting buyers are gradually returning after February’s sell-off.
  • XRP is trading around $1.42, with momentum indicators pointing to weakening bearish pressure and a potential move toward resistance if macro conditions turn favorable.

Investors closely watch the U.S. nonfarm payrolls report because strong labor market data could reinforce expectations that the Federal Reserve will keep interest rates elevated for longer.

Conversely, weaker data may strengthen the case for rate cuts later this year, potentially boosting demand for risk assets such as cryptocurrencies.

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Against this backdrop, several altcoins have entered consolidation phases following February’s market turbulence, when geopolitical tensions and broader risk-off sentiment weighed on crypto prices.

Solana price outlook

Solana is trading near $90.9 after recovering from a sharp early-February decline that briefly pushed the token toward the $70 region.

Solana and XRP price prediction ahead of U.S. employment report for February - 1
Solana price analysis | Crypto.News

The daily chart shows SOL forming a gradual recovery structure as buyers step in near lower levels. The Accumulation/Distribution indicator is trending higher, signaling that investors may be steadily accumulating the token.

Meanwhile, the Bull Bear Power (BBP) indicator has turned positive, suggesting improving bullish momentum after weeks of persistent selling pressure.

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If momentum continues, SOL could test resistance near $95, with a stronger breakout potentially opening the door toward the $100 psychological level.

However, downside risks remain. A break below $85 support could expose the token to renewed selling pressure and potentially send it back toward the $80–$78 region.

XRP price outlook

XRP is currently trading around $1.42, where it has been moving sideways after a prolonged decline from earlier highs near $2.

Solana and XRP price prediction ahead of U.S. employment report for February - 2
XRP price analysis | Source: Crypto.News

Technical indicators suggest bearish momentum may be fading. The Awesome Oscillator is gradually turning positive, while the Chaikin Money Flow indicator is stabilizing, signaling that capital outflows are slowing.

If buying pressure strengthens, XRP could attempt a move toward resistance near $1.50, followed by a potential test of the $1.60 zone.

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On the downside, the key support level sits near $1.35, and a breakdown below that threshold could send XRP toward the $1.25 area.

With both tokens consolidating, the upcoming U.S. employment report may act as the next major catalyst determining whether Solana and XRP extend their recovery or face another round of volatility.

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Anthropic Reopens Pentagon Talks as Trump Weighs Supply Chain Risk Label

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Anthropic Reopens Pentagon Talks as Trump Weighs Supply Chain Risk Label

Anthropic CEO Dario Amodei has reportedly reopened negotiations with the US Department of Defense in a last-minute effort to secure continued access to Pentagon contracts as the company faces the possibility of being labeled a supply chain risk by the Trump administration.

Amodei has been holding discussions with Emil Michael, the US undersecretary of defense for research and engineering, to finalize terms governing the military’s use of Anthropic’s artificial intelligence models, the Financial Times reported, citing people familiar with the matter.

A new agreement would allow the Pentagon to keep using the company’s technology and could prevent a formal designation that would force contractors in the defense supply chain to cut ties with the AI developer, per the report.

The talks follow a sharp breakdown in negotiations last week. Michael reportedly accused Amodei of being a “liar” with a “God complex,” while discussions collapsed after the two sides failed to agree on language Anthropic said was necessary to prevent misuse of its technology.

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Related: Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing

Pentagon negotiations stall over bulk data analysis clause

In an internal memo to staff seen by the FT, Amodei reportedly wrote that near the end of negotiations, the Pentagon offered to accept Anthropic’s broader terms if the company removed a clause restricting the “analysis of bulk acquired data.” He said this phrase was meant to guard against potential mass domestic surveillance, a scenario Anthropic treats as a red line, alongside the use of AI in lethal autonomous weapons.

The dispute escalated after Defense Secretary Pete Hegseth warned that Anthropic could be designated a supply chain risk, a move that would effectively freeze the company out of US military procurement networks.

Source: Defense Secretary Pete Hegseth

The standoff came despite Anthropic’s existing ties to the defense sector. The company was awarded a contract worth up to $200 million by the US Defense Department in July 2025 and it became the first AI provider whose models were used in classified environments and by national security agencies.

As Cointelegraph reported, the US military even used Anthropic’s Claude AI model to support a major air strike on Iran hours after President Donald Trump ordered federal agencies to stop using the company’s systems.

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Related: Mining companies move deeper into AI, HPC as MARA may sell Bitcoin

Tech groups warn risk label could hurt US AI leadership

Meanwhile, in a Wednesday letter to Trump, tech groups warned that labeling a domestic AI company a supply chain risk could undermine US leadership in AI. The groups argued that treating a US technology company “as a foreign adversary, rather than an asset,” could discourage innovation and weaken America’s ability to compete with China in the global AI race.