Mt. Gox Moves $1 Billion in Bitcoin in Latest Major Transfer
The defunct cryptocurrency exchange Mt. Gox has executed yet another substantial Bitcoin transfer, marking its third major movement within a month. On March 25, blockchain analytics firm Arkham Intelligence alerted the crypto community on X about the transfer. The Japanese exchange shifted 11,501 Bitcoin, distributing 893 BTC—valued at approximately $78 million—to its cold wallet (1Jbez), […]
Trump Media Explores Partnership with Crypto.com for ETF Launch
Trump Media has entered into a preliminary agreement with Crypto.com to introduce a series of exchange-traded funds (ETFs) in the United States. The deal also involves Trump Technology Group Corp (TMTG), which operates the Truth Social platform and the fintech brand Truth.Fi. According to a statement released on March 24, the agreement remains subject to […]
Bitcoin ETFs Reverse Five-Week Outflow Streak as Ethereum Struggles
The landscape for spot Bitcoin exchange-traded funds (ETFs) in the U.S. shifted positively in the week ending March 21, as they recorded their first net inflows in over a month. Bitcoin ETFs Experience Strongest Inflows in Weeks Bitcoin ETFs saw an impressive net inflow of $744.4 million, marking their most substantial gain in the past […]
Bitcoin Could Reach $110K Before Retesting $76.5K, Says Arthur Hayes
Bitcoin is on track to potentially hit an all-time high of $110,000 before experiencing a notable pullback, according to several market analysts. Key factors fueling this bullish momentum include declining inflation concerns and increasing global liquidity. The leading cryptocurrency has seen two consecutive weeks of gains, closing above $86,000 on March 23, based on TradingView […]
Michael Saylor’s Strategy Surpasses 500,000 Bitcoin with Latest Acquisition
Michael Saylor’s company has made another significant Bitcoin investment, securing over $500 million worth of the cryptocurrency as institutional demand and ETF inflows regain momentum. 6,911 Bitcoin Added to Holdings Between March 17 and March 23, Strategy purchased 6,911 BTC for approximately $584 million, averaging $84,529 per coin, as per a March 24 filing with […]
Tether Pursues Big Four Audit for Full Financial Transparency
Stablecoin issuer Tether is reportedly working to secure an audit from one of the Big Four accounting firms to verify that its USDT token remains backed on a 1:1 basis with reserves. Tether’s CEO, Paolo Ardoino, suggested that the audit process could become more seamless under the administration of pro-crypto U.S. President Donald Trump. The […]
Michael Saylor Hints at Another Bitcoin Purchase Following Capital Raise
Michael Saylor, co-founder of Strategy, has hinted at another Bitcoin acquisition after the company recently secured additional funds through its latest preferred stock sale. Saylor took to X on Sunday, sharing a Bitcoin price chart alongside the phrase “needs more orange”—a phrase he often uses before announcing a new BTC purchase. If past patterns hold, […]
Bitcoin Bear Market Expected to Last Just 90 Days, Analyst Says
The ongoing Bitcoin (BTC) market downturn, characterized by a decline of over 20% from its all-time high, is relatively mild in terms of severity and is likely to persist for only 90 days, according to market analyst Timothy Peterson, author of Metcalfe’s Law as a Model for Bitcoin’s Value. Peterson compared the current correction to […]
Strategy Unveils 10% Preferred Stock Offering to Expand Bitcoin Holdings
Strategy has announced a new round of perpetual preferred stock issuance, a move typically made ahead of further Bitcoin acquisitions. According to the company, shares in this latest round will be priced at $85 each, featuring a 10% yield, with the initiative expected to generate around $711 million in capital. Market expert Jesse Myers pointed […]
Tornado Cash Removed from US Sanctions List
The U.S. Treasury Department has officially removed cryptocurrency mixer Tornado Cash from its blacklist, as announced on March 21. This decision follows a January ruling by a U.S. appeals court, which determined that the Treasury’s Office of Foreign Assets Control (OFAC) lacked the authority to sanction Tornado Cash’s smart contracts. The court reasoned that these […]