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Crypto.com Reverses 2021 Token Burn, Re-Mints 70B CRO

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Crypto.com has ignited controversy within its community after proposing to re-mint 70 billion CRO tokens. This decision marks the reversal of a 2021 token burn intended to reduce the circulating supply permanently.

The move, which passed at the last minute with a decisive vote, has left many CRO holders feeling betrayed.

The outcome remained uncertain for most of the proposal’s voting period, which ran from March 2 to March 16. While the “yes” votes narrowly led, the proposal did not pass the 33.4% quorum of eligible votes.

That changed on Sunday at 14:00 UTC when a sudden influx of 3.35 billion CRO tokens tipped the balance. This secured the necessary quorum and significantly boosted the “yes” votes. Notably, voter turnout was 70.58%, exceeding the required threshold. The final tally was 62.18% in favor, 17.61% against, and 20.11% abstaining.

Crypto.com Proposal Voting
Crypto.com Proposal Voting Statistics. Source: Mintscan.io

To put it in perspective, only 11.86% of validators voted “yes,” with only two of its validators (Starship and Falcon Heavy) supporting the proposal initially.  

By the end of the vote, three more Crypto.com-controlled validators, Electron, Antares, and Minotaur IV, joined them. Meanwhile, two independent validators, Cosmostation and Polkachu.com, also backed the proposal.

Notwithstanding, their votes had minimal impact on the outcome as Crypto.com controls between 70-80% of the total voting power. This means the company tipped the scales through its dominance over the network.

Community members were quick to express frustration, accusing Crypto.com of manipulating the process. Based on the claims, it appears the Crypto.com exchange leveraged its significant control over the network’s validators. One large token holder voiced their disappointment on Telegram.

“They [Crypto.com] pushed their votes almost at the last minute. And now they created a precedent that other projects could follow,” Unchained reported, citing a community member on Telegram.

With the vote secured, Crypto.com is set to upgrade the Cronos blockchain, re-minting 70 billion CRO tokens. The newly minted supply will vest over five years and serve various purposes, including the potential creation of a CRO ETF (exchange-traded fund).

Notably, the original 70 billion CRO burned in 2021 will remain out of circulation. Nevertheless, the timing and nature of this decision have fueled skepticism within the community, especially given Crypto.com’s prior assurances that the 2021 burn was final.

A day after the controversial re-minting passed, Crypto.com introduced another proposal to burn 50 million CRO tokens. This constitutes about 0.07% of the freshly minted supply and has been met with widespread derision.

“It is a spit in all CRO holders’ faces. I mean, how dare you re-mint 70 billion tokens and on the same day start a proposal for burning 50 million tokens,” crypto journalist Laura Shin revealed, citing one validator who opposed the re-minting proposal on Telegram.

The comment reflects the general sentiment among the Crypto.com community. Many feel that this irreparably damaged their trust in the platform.

Amidst an outraged community and eroded trust in Crypto.com, the fallout from this decision could have long-term repercussions for the company and the broader Cronos ecosystem. Meanwhile, voting on the latest burn proposal continues.

Cronos (CRO) Price Performance
Cronos (CRO) Price Performance. Source: BeInCrypto

Amidst this backlash, Cronos’ CRO price is down by almost 5%. BeInCrypto data shows CRO was trading for $0.08 as of this writing.

Crypto.com did not immediately respond to BeInCrypto’s request for comment.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bubblemaps (BMT) Surges 100% After Binance Listing and Airdrop

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Binance is listing Bubblemaps (BMT), causing a 100% rally for the newly launched altcoin. The exchange also put BMT in its HODLer Airdrops program, further driving engagement and market interest.

BMT will provide key benefits to Bubblemaps, powering its analysis platform and allowing increased community participation in its research and investigations.

Binance to List and Airdrop Bubblemaps (BMT)

Bubblemaps, a renowned blockchain analytics platform, has been building its BMT token for months now. In January, it announced an upcoming token launch, and Binance hosted the TGE on PancakeSwap one week ago.

Now, Binance is listing BMT and adding it to the HODLer Airdrops program.

“Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products… will get the airdrops distribution. Binance will then list BMT at 2025-03-18 15:00 (UTC) and open trading,” the firm claimed in an announcement.

As the world’s largest crypto exchange, Binance listing always tends to boost token valuations. The exchange has also recently announced a new listing process based on community votes and interest.

At the time of writing, BMT price is up nearly 100% today, and its daily trading volume has surged 230%. Current market sentiment suggests significant hype and speculative around the new token.

bubblemaps BMT price chart
Bubblemaps (BMT) Price Chart. Source: TradingView

Bubblemap’s data analytics tools have been instrumental in investigating crypto crimes, and it’s opening these to community participation. BMT holders will be able to submit cases and vote on on-chain research priorities through the new IntelDesk feature, helping decide new goals.

Meanwhile, BMT is the 12th asset to be in Binance’s HODLer Airdrops program. This program rewards BNB holders by periodically distributing free tokens from new projects.

This is mutually beneficial for both parties; Binance can reward its loyal users, and the exposure gives these new projects a real notoriety boost.

Ultimately, Bubblemaps’ token getting listed on Binance seems like a win for everybody. Sophisticated crypto investigations can be a thankless business, and BMT’s success directly subsidizes the platform’s work.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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StilachiRAT Malware Targeting Digital Wallets

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Microsoft’s incident response team has discovered a new remote access trojan (RAT) called StilachiRAT that poses a serious threat to cryptocurrency users.

StilachiRAT can collect system information, steal login credentials, and extract data from digital wallets. Although it has not yet spread widely, its potential impact worries the crypto community.

How Does StilachiRAT Threaten Crypto Investors?

StilachiRAT is more than just another malware—it represents an evolution in cyber threats targeting digital assets.

Microsoft reported on March 17 that once StilachiRAT infiltrates a system, it begins reconnaissance. It gathers details about the operating system, hardware identifiers, camera presence, and active Remote Desktop Protocol (RDP) sessions. Then, it focuses on stealing credentials stored in Chrome and data from the clipboard, where users often copy passwords or wallet keys.

This trojan specifically targets 20 cryptocurrency wallet extensions on Google Chrome. Some well-known wallets at risk include Metamask, Trust Wallet, Coinbase Wallet, TronLink, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, and Phantom.

“StilachiRAT targets a list of specific cryptocurrency wallet extensions for the Google Chrome browser. It accesses the settings in the following registry key and validates if any of the extensions are installed,” Microsoft warned.

Microsoft’s report highlights StilachiRAT’s advanced anti-forensic capabilities. It can delete event logs and assess system conditions to avoid detection.

To mitigate the threat, Microsoft advises users to download software only from official sources and avoid suspicious websites or attachments. Enabling real-time protection in Microsoft Defender and using browsers with SmartScreen can help block malicious sites.

Additionally, Microsoft recommends enabling multi-factor authentication (MFA) and regularly updating software to minimize risks.

“In some cases, remote access trojans (RATs) can masquerade as legitimate software or software updates. Always download software from the official website of the software developer or from reputable sources,” Microsoft advises.

According to Chainalysis’ 2025 Crypto Crime Trends report, illicit cryptocurrency transactions range from $40 billion to $50 billion annually. These funds are stolen through various methods, including ransomware and malware attacks.

Total Cryptocurrency Value Received by Illicit Addresses (2020 - 2024
Total Cryptocurrency Value Received by Illicit Addresses (2020 – 2024). Source: Chainalysis

Chainalysis estimates that the volume of illicit crypto transactions in 2024 could exceed $51 billion, with an average annual increase of 25% between reporting periods.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Pepe thrives as risk aversion hurts Bitcoin, Dogecoin

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Buy the dip

Trump’s trade policy has yielded a risk-off mood in the crypto market with the fear & greed index remaining on the fear end of the spectrum. As such, most majors and meme coins alike have recorded double-digit losses in recent months. Investors are now keen on the Fed’s tone at the end of the two-day meeting on Wednesday. 

Even so, there is a revolutionary project whose appeal remains undeterred by the current economic uncertainties. Bitcoin Pepe has maintained its upward momentum as savvy investors rush to be part of this project which assures hefty gains during and after its presale. 

Trump’s tariffs push Dogecoin buyers to the sidelines

The risk aversion observed in the crypto market has impacted majors and meme coins alike. As President Trump threatens of even more aggressive tariffs, crypto buyers have stayed on the sidelines waiting for further guidance from the March Fed meeting. 

In the near term, Dogecoin price will likely remain within the range of between the four-month low of $0.1439 and ythe resistance zone at $0.1804. Even with further rebounding, its gains may be curbed along the 25-day EMA at $0.1954.

Dogecoin price
Dogecoin price

Bitcoin Pepe maintains upward momentum despite risk aversion in the crypto market

Amid the ongoing crypto revolution, most of the recently launched meme projects are more than just a token that starts as a joke and goes viral. They focus on a particular need with the overall goal of revolutionizing the cryptocurrency space. 

Bitcoin Pepe is one such project. Its mission is to build “Solana on Bitcoin”, which will have investors enjoy the stability and security of the Bitcoin network and the Solana-like transaction speed. Besides, with the new PEP-20 standard, it will enable one to directly launch a memecoin on the most reliable network. 

Indeed, introducing the meme culture to the Bitcoin network is seen to be the missing puzzle. It is what has fueled Bitcoin Pepe’s virality as more savvy investors are rushing to be part of this revolutionary wagon. Subsequently, the project has raised over $5.5 million in the past five weeks of its presale. 

Besides, its pricing model is meant to favor long-term holders and early adopters. With every stage sold, BPEP token price increases by about 5%. What started at $0.0210 has already surged by 27.6% and is set to yield cumulative gains of 311.4% by the end of the 30 stages. As such, this is the opportune time to be part of a project that will have its holders earn heftily during the presale and beyond. Hurry up and buy Bitcoin Pepe here.

Bitcoin price remains range-bound as the March Fed meeting commences

Bitcoin price has been range-bound for over a week now as Trump’s aggressive trade policy maintains a risk-off mood. Investors are now eyeing further guidance from the Fed’s March meeting which commenced on Tuesday.

In the FOMC statement scheduled for Wednesday, the interest rates are expected to remain unchanged at the current 4.25% – 4.50%. However, the focus will be on the central bank’s tone on the impact of Trump’s tariffs on the country’s economy. 

In the near term, the range between the support level of $80,565 and the 25-day EMA at $86,500 will be worth watching. Depending on the Fed’s tone, further rebounding will give the bulls an opportunity to retest the crucial resistance zone of 90,000. On the flipside, further risk aversion may have Bitcoin price retest last week’s low at $78,039.

 

    



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