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Trump’s Bitcoin Mining, Major Hack & Binance Upgrade
Key events in crypto today include a new Bitcoin mining venture backed by Trump’s sons, a $355,000 DeFi exploit, and Binance’s new CEX-to-DEX feature for seamless trading.
Joe G & Money Talks
March 31, 2025 • Estimated Reading Time: 6 minutes
What we will talk about today...
Today's Crypto Highlights: Trump’s Bitcoin Mining, Major Hack & Binance Upgrade
XRP Faces Potential 60% Drop Amid Bearish Signals
Ethereum Drops 40% After Eric Trump’s Endorsement—What’s Next?
Key events in crypto today include a new Bitcoin mining venture backed by Trump’s sons, a $355,000 DeFi exploit, and Binance’s new CEX-to-DEX feature for seamless trading.
@leveragesir The root cause lies in the transient storage collision in the uniswapV3SwapCallback function, which uses slot 1 both for the Uniswap pool address and the minted token amount.
The attacker initialized a malicious vault and manipulated the minted amount to exactly equal a
— TenArmorAlert (@TenArmorAlert)
10:13 AM • Mar 30, 2025
Synthetics Implemented Right @leveragesir has been hacked for $355k
This is a clever attack. In the vulnerable contract Vault (etherscan.io/address/0xb91a…) there is a uniswapV3SwapCallback function that uses transient storage to verify the caller. Specifically, it loads an address
— Decurity (@DecurityHQ)
9:00 AM • Mar 30, 2025
So we go the worst news a protocol could received and got hacked for our entire TVL ($355k).
I (@Xatarrer) would like to not throw the towel here as I truly believe in SIR.
If you also believe in the core protocol and have any idea on how to proceed forward, please DM.
— SIR.trading (🦍^🎩) (@leveragesir)
12:18 PM • Mar 30, 2025
Synthetics Implemented Right @leveragesir has been hacked for $355k
This is a clever attack. In the vulnerable contract Vault (etherscan.io/address/0xb91a…) there is a uniswapV3SwapCallback function that uses transient storage to verify the caller. Specifically, it loads an address
— Decurity (@DecurityHQ)
9:00 AM • Mar 30, 2025
Main Points:
Trump Sons’ Bitcoin Mining Move: Hut 8 partners with Trump Jr. and Eric Trump to create the world’s largest Bitcoin mining firm.
DeFi Protocol Hacked: SIR.trading suffers a $355,000 exploit, losing its entire total value locked (TVL).
Binance’s CEX-to-DEX Trading: A new feature simplifies cross-network transactions for crypto users.
Detailed Insights:
Strategic Bitcoin Reserve: The Trump-backed venture aims to secure Bitcoin dominance.
Hacking Exploit: Attackers manipulated a contract vulnerability to drain funds.
Easier Crypto Transfers: Binance eliminates the complexity of bridging assets between networks.
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XRP Faces Potential 60% Drop Amid Bearish Signals
XRP’s recent price action mirrors past cycles that led to major crashes. On-chain data and technical indicators suggest a potential 60% downside in the coming months.
Main Points:
XRP’s 40% Decline: The token has dropped sharply since its January high of $3.40.
Historical Crash Patterns: Past peaks in XRP’s Net Unrealized Profit/Loss (NUPL) preceded 75-90% crashes.
Bearish Technical Fractals: RSI divergence and moving average trends signal further downside risks.
Detailed Insights:
NUPL in ‘Denial’ Zone: Similar sentiment shifts led to major XRP sell-offs in 2018 and 2021.
Key Support Levels: A break below $1.58 could trigger a deeper fall to $0.87.
Long-Term Outlook: While speculation on Ripple’s legal wins and an ETF approval fuels optimism, technicals suggest caution.
₿itcoin reached $83,441. +1.16%
♢Ethereum reached $1,844. +2.08%
Ethereum’s price has plunged nearly 50% since Eric Trump’s bullish endorsement. Market headwinds, security breaches, and technical patterns suggest further downside, but a potential reversal remains possible.
We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.
— WLFI (@worldlibertyfi)
3:46 PM • Feb 3, 2025
A massively disastrous chart for $ETH.
I don't know where this will bottom, although I suspect that the peak of Gold and the bottom of Ethereum are going to be correlated.
— Michaël van de Poppe (@CryptoMichNL)
7:06 PM • Mar 29, 2025
Daily reminder that Eric Trump asked all his followers to Buy Ethereum at 2900 saying it's a great buy and it's Dumped 35% since then.
Some people use their influence for evil reasons.
— Emperor👑 (@EmperorBTC)
4:02 AM • Mar 30, 2025
Main Points:
ETH Down 40%: Ethereum has declined significantly since Eric Trump’s “buy” post.
Market Pressures: Security breaches and trade tariffs are hurting investor sentiment.
Bear Flag Breakdown: ETH could drop to $1,490 in April if the bearish trend holds.
Double-Bottom Reversal? A bounce from $1,800 could push ETH to $2,500.
Detailed Insights:
Eric Trump’s Post Timing: ETH lost market dominance despite WLFI’s growing holdings.
Security Concerns: Bybit’s $1.5B ETH hack added to bearish momentum.
Trump’s Trade Tariffs: Economic tensions weigh on crypto risk appetite.
Technical Patterns: A confirmed bear flag points to $1,490, while a double-bottom could trigger a 35% recovery.
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results