Crypto News Roundup: February 21, 2025

A flurry of crypto-related news hit the headlines today, from payment app launches to blockchain governance changes and high-profile legal developments. Let’s dive into the key stories.

PDX Global’s Crypto-Fiat Payment App Debuts

PDX Global’s crypto-to-fiat payment app, PDX Beam, has launched on both the App Store and Google Play. This allows over 800,000 merchants to now accept crypto payments, leveraging Clover integration. This development could signify a substantial increase in mainstream crypto adoption.

Nansen Joins TRON as Super Representative

Nansen, a leading blockchain analytics platform, has joined TRON as a Super Representative. This appointment positions Nansen to play a crucial role in enhancing the security, efficiency, and transparency of the TRON network through participation in block production and governance.

Phantom Wallet Hits Record Monthly Revenue

Phantom Wallet reported record-breaking monthly revenue in February 2025. This success comes on the heels of adding Sui blockchain support and integrating with MoonPay, suggesting continued user interest and platform growth.

HashFlare Founders Plead Guilty to $577 Million Ponzi Scheme

In a significant blow to the cryptocurrency space, Sergei Potapenko and Ivan Turõgin, founders of HashFlare, pleaded guilty to running a $577 million crypto Ponzi scheme. The defendants have agreed to forfeit substantial assets.

500 ETH Moved to Black Hole Address, CHOW Gains Traction

A significant ETH transfer to a ‘black hole’ address, estimated at $1.38 million, has garnered attention. Simultaneously, the ChowWow ($CHOW) cryptocurrency is experiencing market momentum. The wallet moving the ETH tokens also left a message in Chinese regarding alleged persecution of employees by an investment company boss.

These are just some of the most significant developments in the cryptocurrency market today. Stay tuned for further updates and analysis.