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Bitcoin’s Most Critical Support Level At $69,000 — Here’s Why
The price of Bitcoin made a strong start to the month of April, reaching as high as $87,000 on Wednesday, April 2. The flagship cryptocurrency couldn’t sustain this blistering momentum, dropping below $84,000 in the late hours of Friday, April 4.
However, the BTC price has been relatively stable compared to the altcoin market and the US equities market following the announcement of new trade tariffs by United States President Donald Trump. This show of resilience has reinforced the idea that the bull cycle might not be over just yet.
https://www.newsbtc.com/news/bitcoin/bitcoin-critical-support-level-at-69000-why/
The price of Bitcoin made a strong start to the month of April, reaching as high as $87,000 on Wednesday, April 2. The flagship cryptocurrency couldn’t sustain this blistering momentum, dropping below $84,000 in the late hours of Friday, April 4.
However, the BTC price has been relatively stable compared to the altcoin market and the US equities market following the announcement of new trade tariffs by United States President Donald Trump. This show of resilience has reinforced the idea that the bull cycle might not be over just yet.
https://www.newsbtc.com/news/bitcoin/bitcoin-critical-support-level-at-69000-why/
Spot bitcoin ETFs see nearly $100 million in net outflows as stocks tumble on Trump’s tariff news
U.S. spot bitcoin exchange-traded funds logged $99.86 million in net outflows Thursday, as the U.S. stock market tumbled following Trump's tariff announcement.
Grayscale's GBTC led the outflows with $60.2 million, followed by Bitwise BITB's outflows of $44.19 million and Fidelity FBTC's $23.27 million, according to SoSoValue data. Ark and 21Share's ARKB, VanEck's HODL and WisdomTree's BTCW also logged outflows.
However, BlackRock's IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million, making it the only spot bitcoin fund to register net inflows on the day.
https://www.theblock.co/post/349561/spot-bitcoin-etfs-see-nearly-100-million-in-net-outflows-as-stocks-tumble-on-trumps-tariff-news
U.S. spot bitcoin exchange-traded funds logged $99.86 million in net outflows Thursday, as the U.S. stock market tumbled following Trump's tariff announcement.
Grayscale's GBTC led the outflows with $60.2 million, followed by Bitwise BITB's outflows of $44.19 million and Fidelity FBTC's $23.27 million, according to SoSoValue data. Ark and 21Share's ARKB, VanEck's HODL and WisdomTree's BTCW also logged outflows.
However, BlackRock's IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million, making it the only spot bitcoin fund to register net inflows on the day.
https://www.theblock.co/post/349561/spot-bitcoin-etfs-see-nearly-100-million-in-net-outflows-as-stocks-tumble-on-trumps-tariff-news
VanEck Seeks BNB ETF Approval—Big Win For Binance?
Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility.
According to public records on Delaware’s official state website, VanEck registered the new product on Monday under filing number 10148820. The “VanEck BNB ETF” was registered as a trust corporate service company, following similar registrations for Bitcoin, Ethereum, Solana, and Avalanche ETFs.
The New York-based company confirmed the BNB ETF will track the price of Binance Coin, currently ranked as the fifth-largest cryptocurrency with a market value of approximately $599. On-chain data showed BNB’s trading volume jumped 40% to over $2 billion after the announcement.
https://bitcoinist.com/vaneck-seeks-bnb-etf-approval-big-win-for-binance/
Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility.
According to public records on Delaware’s official state website, VanEck registered the new product on Monday under filing number 10148820. The “VanEck BNB ETF” was registered as a trust corporate service company, following similar registrations for Bitcoin, Ethereum, Solana, and Avalanche ETFs.
The New York-based company confirmed the BNB ETF will track the price of Binance Coin, currently ranked as the fifth-largest cryptocurrency with a market value of approximately $599. On-chain data showed BNB’s trading volume jumped 40% to over $2 billion after the announcement.
https://bitcoinist.com/vaneck-seeks-bnb-etf-approval-big-win-for-binance/
Ethereum and Bitcoin Recover While Lightchain AI Presale Nears End
The crypto market is buzzing with activity again. Ethereum and Bitcoin are rebounding from their recent dips, igniting excitement among crypto investors and blockchain enthusiasts. While these two powerhouse cryptocurrencies dominate the headlines, another opportunity looms for forward-thinking investors — the final stage of the Lightchain AI Presale.
This blog post dives into the rally of Ethereum and Bitcoin and why investors shouldn’t overlook the rapid developments around Lightchain AI. By the end, you’ll understand why now might be the perfect time to jump into this promising AI-infused blockchain initiative.
https://news.bitcoin.com/ethereum-and-bitcoin-recover-while-lightchain-ai-presale-nears-end/
The crypto market is buzzing with activity again. Ethereum and Bitcoin are rebounding from their recent dips, igniting excitement among crypto investors and blockchain enthusiasts. While these two powerhouse cryptocurrencies dominate the headlines, another opportunity looms for forward-thinking investors — the final stage of the Lightchain AI Presale.
This blog post dives into the rally of Ethereum and Bitcoin and why investors shouldn’t overlook the rapid developments around Lightchain AI. By the end, you’ll understand why now might be the perfect time to jump into this promising AI-infused blockchain initiative.
https://news.bitcoin.com/ethereum-and-bitcoin-recover-while-lightchain-ai-presale-nears-end/
Trump Sons Ink Deal With Hut8 to Launch Bitcoin Mining Firm
Donald Trump Jr. and Eric Trump have teamed up with Bitcoin mining heavyweight Hut 8 to launch American Bitcoin, a new industrial-scale mining firm that plans to become the “world’s largest and most efficient Bitcoin miner.”
Announced on March 31, the venture was born out of a strategic deal in which Bitcoin mining company Hut 8 contributed the majority of its mining hardware to American Data Centers Inc., a company backed by the Trump sons.
The firm was then rebranded as American Bitcoin—a majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve. Hut 8 has an 80% ownership stake, according to a statement Monday.
https://decrypt.co/312422/trump-sons-hut8-bitcoin-mining
Donald Trump Jr. and Eric Trump have teamed up with Bitcoin mining heavyweight Hut 8 to launch American Bitcoin, a new industrial-scale mining firm that plans to become the “world’s largest and most efficient Bitcoin miner.”
Announced on March 31, the venture was born out of a strategic deal in which Bitcoin mining company Hut 8 contributed the majority of its mining hardware to American Data Centers Inc., a company backed by the Trump sons.
The firm was then rebranded as American Bitcoin—a majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve. Hut 8 has an 80% ownership stake, according to a statement Monday.
https://decrypt.co/312422/trump-sons-hut8-bitcoin-mining
Analysis of $700k oracle manipulation exploit highlights vulnerabilities in DeFi vaults
A recent decentralized finance attack highlights how vulnerabilities with the standard implementation of certain DeFi vaults can be exploited by a sophisticated threat actor using familiar tools like flash loans to manipulate exchange rates and mislead price oracles.
On February 27, an attacker executed a flash loan-based "donation attack," borrowing approximately $4 million from Aave to exploit the ERC-4626 vault token for Mountain Protocol's wrapped yield-bearing stablecoin, wUSDM, artificially inflating its internal exchange rate. The underlying stablecoin, USDM, is collateralized by short-term U.S. Treasury bills.
https://www.theblock.co/post/348785/analysis-of-700k-oracle-manipulation-exploit-highlights-vulnerabilities-in-defi-vaults
A recent decentralized finance attack highlights how vulnerabilities with the standard implementation of certain DeFi vaults can be exploited by a sophisticated threat actor using familiar tools like flash loans to manipulate exchange rates and mislead price oracles.
On February 27, an attacker executed a flash loan-based "donation attack," borrowing approximately $4 million from Aave to exploit the ERC-4626 vault token for Mountain Protocol's wrapped yield-bearing stablecoin, wUSDM, artificially inflating its internal exchange rate. The underlying stablecoin, USDM, is collateralized by short-term U.S. Treasury bills.
https://www.theblock.co/post/348785/analysis-of-700k-oracle-manipulation-exploit-highlights-vulnerabilities-in-defi-vaults
Double-Digit Declines Dominate: Crypto Stocks Feel the Pain of Market Meltdown
As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board.
Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that unfolded during the same period. By Friday, all four benchmark U.S. indices concluded the trading day in the red, shedding considerable value.
https://news.bitcoin.com/double-digit-declines-dominate-crypto-stocks-feel-the-pain-of-market-meltdown/
As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board.
Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that unfolded during the same period. By Friday, all four benchmark U.S. indices concluded the trading day in the red, shedding considerable value.
https://news.bitcoin.com/double-digit-declines-dominate-crypto-stocks-feel-the-pain-of-market-meltdown/
How Yescoin’s Strategic Alliances and a Growing Market Influence Position it for 2025 Dominance
Investing in cryptocurrency has become evermore complicated due to the speculative tokens and abandoned roadmaps. Yet, some have taken the initiative to change this narrative. Yescoin, a Telegram-based Web3 platform, offers strategic partnerships with industry influencers. These influencers help the platform with self-sustaining ecosystem products.
Yescoin’s partnerships with leading Exchanges and infrastructure providers are far from cosmetic. They address the basic and often ignored problems of liquidity, trust, and market coverage.
https://news.bitcoin.com/how-yescoins-strategic-alliances-and-a-growing-market-influence-position-it-for-2025-dominance/
Investing in cryptocurrency has become evermore complicated due to the speculative tokens and abandoned roadmaps. Yet, some have taken the initiative to change this narrative. Yescoin, a Telegram-based Web3 platform, offers strategic partnerships with industry influencers. These influencers help the platform with self-sustaining ecosystem products.
Yescoin’s partnerships with leading Exchanges and infrastructure providers are far from cosmetic. They address the basic and often ignored problems of liquidity, trust, and market coverage.
https://news.bitcoin.com/how-yescoins-strategic-alliances-and-a-growing-market-influence-position-it-for-2025-dominance/
Bitcoin Options Worth $12 Billion Expire Tomorrow—Here's What It Means
Deribit's own DVOL index is signaling low implied volatility and limited expectations for sharp price action," the CEO said.
Although $12 billion worth of Bitcoin options contracts expire tomorrow—one of the largest quarterly expiries that derivatives exchange Deribit has seen—CEO Luuk Strijers says he expects volatility to be subdued.
On Derebit alone, the March 28 expiry affects 45% of the open options contracts on the platform. The exchange currently has $27 billion worth of open interest in Bitcoin contracts, with the put/call ratio skewing slightly pessimistic at 0.52.
https://decrypt.co/311871/12-billion-bitcoin-options-expire-tomorrow
Deribit's own DVOL index is signaling low implied volatility and limited expectations for sharp price action," the CEO said.
Although $12 billion worth of Bitcoin options contracts expire tomorrow—one of the largest quarterly expiries that derivatives exchange Deribit has seen—CEO Luuk Strijers says he expects volatility to be subdued.
On Derebit alone, the March 28 expiry affects 45% of the open options contracts on the platform. The exchange currently has $27 billion worth of open interest in Bitcoin contracts, with the put/call ratio skewing slightly pessimistic at 0.52.
https://decrypt.co/311871/12-billion-bitcoin-options-expire-tomorrow
Bitcoin mining stocks down after Microsoft scraps data center plans
Microsoft has reportedly cut plans to invest in data centers in the US and Europe, driving cryptocurrency miner stocks to tumble on March 26.
Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed.
The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving” cut into mining revenues.
https://cointelegraph.com/news/bitcoin-mining-stocks-down-after-microsoft-reportedly
Microsoft has reportedly cut plans to invest in data centers in the US and Europe, driving cryptocurrency miner stocks to tumble on March 26.
Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed.
The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving” cut into mining revenues.
https://cointelegraph.com/news/bitcoin-mining-stocks-down-after-microsoft-reportedly
MicroStrategy’s $10B Win Signals It’s Bitcoin Bull Season, and BTC Bull Token Leads the Stampede
Michael Saylor is smiling today – and for good reason. The legendary Bitcoin bull and co-founder of MicroStrategy just hit a milestone that would make even the most hardened crypto skeptic raise an eyebrow.
"His company’s $BTC bet is now over $10B in profit, all thanks to one thing: buying the dip like it’s a clearance sale."
But Saylor’s not alone in this stampede of confidence. Just yesterday, another crypto whale scooped up 2.4K $BTC, worth over $200M, adding to a stash that now tops $1.3B.
And to make things even more dramatic, a dormant wallet – untouched for eight years – suddenly came to life. When the whales start moving, it’s not a ripple. It’s a tsunami.
https://bitcoinist.com/microstrategy-win-signals-its-btc-bull-token-season/
Michael Saylor is smiling today – and for good reason. The legendary Bitcoin bull and co-founder of MicroStrategy just hit a milestone that would make even the most hardened crypto skeptic raise an eyebrow.
"His company’s $BTC bet is now over $10B in profit, all thanks to one thing: buying the dip like it’s a clearance sale."
But Saylor’s not alone in this stampede of confidence. Just yesterday, another crypto whale scooped up 2.4K $BTC, worth over $200M, adding to a stash that now tops $1.3B.
And to make things even more dramatic, a dormant wallet – untouched for eight years – suddenly came to life. When the whales start moving, it’s not a ripple. It’s a tsunami.
https://bitcoinist.com/microstrategy-win-signals-its-btc-bull-token-season/
Crypto Visa card startup Rain raises $24.5 million from Norwest, Galaxy and Coinbase Ventures
Amid a broader trend of web3 firms attempting to make it easier for people to spend their crypto on everyday services, Visa card issuer Rain said Monday it had raised in a funding round led by Norwest Venture Partners.
Rain appears particularly interested in providing consumers with a way to spend stablecoins with limited friction, according to a social media post announcing the new funding.
https://www.theblock.co/post/347725/crypto-visa-card-startup-rain-raises-24-5-million-from-norwest-galaxy-and-coinbase-ventures?utm_source=rss&utm_medium=rss
Amid a broader trend of web3 firms attempting to make it easier for people to spend their crypto on everyday services, Visa card issuer Rain said Monday it had raised in a funding round led by Norwest Venture Partners.
Rain appears particularly interested in providing consumers with a way to spend stablecoins with limited friction, according to a social media post announcing the new funding.
https://www.theblock.co/post/347725/crypto-visa-card-startup-rain-raises-24-5-million-from-norwest-galaxy-and-coinbase-ventures?utm_source=rss&utm_medium=rss
Bitcoin Stack Grows: Hong Kong Firm Now Holds 19 BTC
A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company’s treasury into cryptocurrency.
HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition.
In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins.
“The Board is pleased to announce this week’s purchase of 10 BTC, furthering the company’s asset allocation strategy,” the holdings company said."
The Group said in the discloseable transaction it has already “acquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.”
https://bitcoinist.com/bitcoin-stack-grows-hong-kong-firm-now-holds-nearly-19-btc/
A Hong Kong-based investment holding company has joined many firms that are incorporating Bitcoin in their balance sheets, turning part of the company’s treasury into cryptocurrency.
HK Asia Holdings announced that it expanded its Bitcoin reserve after its newly formed board approved the acquisition.
In an X post, HK Asia Holdings revealed that it acquired an additional 10 Bitcoins worth around $858,581, raising its total BTC holding to 18.88 coins.
“The Board is pleased to announce this week’s purchase of 10 BTC, furthering the company’s asset allocation strategy,” the holdings company said."
The Group said in the discloseable transaction it has already “acquired a total of approximately 18.88 units of Bitcoin for an aggregate consideration of approximately $1,720,157.41.”
https://bitcoinist.com/bitcoin-stack-grows-hong-kong-firm-now-holds-nearly-19-btc/
This Week in Bitcoin: Volatility Rises as ETFs Rebound and SEC Gives OK to Mining
Bitcoin had a relatively calm week following so much recent chaos, with ETF flows in the green and the SEC delivering good news on mining.
It was another up-and-down week for Bitcoin, after news from the central bank sent the biggest cryptocurrency up, then back down again. And we've basically landed right back where we started.
Right now, Bitcoin's price now stands at $84,150 per coin after not budging over a seven-day period, according to CoinGecko data. It's up 0.2% on the day, but totally flat on the week.
The asset jumped briefly after Federal Reserve Chair Jerome Powell told reporters Wednesday that everything was under control and that President Trump's tariffs would have a "transitory" effect on inflation.
https://decrypt.co/311107/this-week-bitcoin-volatility-rises-etfs-rebound
Bitcoin had a relatively calm week following so much recent chaos, with ETF flows in the green and the SEC delivering good news on mining.
It was another up-and-down week for Bitcoin, after news from the central bank sent the biggest cryptocurrency up, then back down again. And we've basically landed right back where we started.
Right now, Bitcoin's price now stands at $84,150 per coin after not budging over a seven-day period, according to CoinGecko data. It's up 0.2% on the day, but totally flat on the week.
The asset jumped briefly after Federal Reserve Chair Jerome Powell told reporters Wednesday that everything was under control and that President Trump's tariffs would have a "transitory" effect on inflation.
https://decrypt.co/311107/this-week-bitcoin-volatility-rises-etfs-rebound
Holy Wager: Bettors Back 3% Odds for Jesus’ 2025 Return on Polymarket
The bet, hosted on blockchain-powered platform prediction marketplace Polymarket, has drawn $44,760 in trading volume, with speculators wagering on whether biblical prophecies will culminate in a 2025 Second Coming. While most theologians dismiss date-setting, the market reflects niche interpretations of scripture gaining traction online.
Central to the 2025 theory are two fringe analyses. The Church of God Ministry posits a 24-year “redeemed time” period starting in 2000 and ending in the fall of 2025. Another group, dubbed Free Gift From God, recalibrates Daniel’s “Seventy Weeks” prophecy using a 1535 Ottoman decree, linking Cardinal George Pell’s 2018 conviction to a seven-year countdown to 2025.
https://news.bitcoin.com/holy-wager-bettors-back-3-odds-for-jesus-2025-return-on-polymarket/
The bet, hosted on blockchain-powered platform prediction marketplace Polymarket, has drawn $44,760 in trading volume, with speculators wagering on whether biblical prophecies will culminate in a 2025 Second Coming. While most theologians dismiss date-setting, the market reflects niche interpretations of scripture gaining traction online.
Central to the 2025 theory are two fringe analyses. The Church of God Ministry posits a 24-year “redeemed time” period starting in 2000 and ending in the fall of 2025. Another group, dubbed Free Gift From God, recalibrates Daniel’s “Seventy Weeks” prophecy using a 1535 Ottoman decree, linking Cardinal George Pell’s 2018 conviction to a seven-year countdown to 2025.
https://news.bitcoin.com/holy-wager-bettors-back-3-odds-for-jesus-2025-return-on-polymarket/
Trump calls for US Dollar dominance, vows to make America a crypto superpower in historic crypto summit speech
United States (US) President Donald Trump made history as the first sitting President to speak at a crypto summit and addressed investors, traders, institutions and the industry at the event. Through a pre-recorded address, Trump touched upon key crypto victories of his administration, the recent White House Crypto Summit and his future plans for the industry.
https://www.fxstreet.com/cryptocurrencies/news/trump-calls-for-us-dollar-dominance-vows-to-make-america-a-crypto-superpower-in-historic-crypto-summit-speech-202503201556
United States (US) President Donald Trump made history as the first sitting President to speak at a crypto summit and addressed investors, traders, institutions and the industry at the event. Through a pre-recorded address, Trump touched upon key crypto victories of his administration, the recent White House Crypto Summit and his future plans for the industry.
https://www.fxstreet.com/cryptocurrencies/news/trump-calls-for-us-dollar-dominance-vows-to-make-america-a-crypto-superpower-in-historic-crypto-summit-speech-202503201556
Bitcoin is trading at $84,502, commanding a market cap of $1.67 trillion, representing 60.3% dominance in the $2.78 trillion crypto economy. With a 24-hour trading volume of $26 billion and an intraday price range between $81,294 and $84,852, bitcoin remains 22.2% below its all-time high, facing key resistance and support levels across multiple timeframes.
On the 1-hour chart, bitcoin is forming a short-term uptrend after rebounding from $81,138 to a high of $84,871. The market is printing higher highs and higher lows, supported by increasing volume, indicating building momentum. A pullback to the $83,000–$83,500 range could provide an optimal entry for short-term traders, while a breakout above $85,000 may push the price toward the $87,000–$88,000 range. However, if bitcoin fails to hold above $82,500, further downside toward $81,000 is possible.
https://news.bitcoin.com/bitcoin-price-watch-bulls-aim-for-90k-but-resistance-stands-in-the-way/
On the 1-hour chart, bitcoin is forming a short-term uptrend after rebounding from $81,138 to a high of $84,871. The market is printing higher highs and higher lows, supported by increasing volume, indicating building momentum. A pullback to the $83,000–$83,500 range could provide an optimal entry for short-term traders, while a breakout above $85,000 may push the price toward the $87,000–$88,000 range. However, if bitcoin fails to hold above $82,500, further downside toward $81,000 is possible.
https://news.bitcoin.com/bitcoin-price-watch-bulls-aim-for-90k-but-resistance-stands-in-the-way/
Breaking Down Strategy’s Recent Preferred Stock Offerings
Strategy, the rebranded MicroStrategy and the world’s largest corporate Bitcoin holder, made headlines earlier today as it unveiled its latest preferred stock offering, STRF. The company launched a public offering of 5,000,000 shares of its Series A Perpetual Strife Preferred Stock (ticker: STRF), subject to market conditions. The new offering aims to raise capital for general corporate purposes, with a significant portion earmarked for Bitcoin acquisitions and working capital. The new STRF offering introduces a hybrid security designed to appeal to investors seeking lower volatility compared to Strategy’s volatile common stock (MSTR).
https://www.forbes.com/sites/mauriciodibartolomeo/2025/03/18/breaking-down-strategys-recent-preferred-stock-offerings/
Strategy, the rebranded MicroStrategy and the world’s largest corporate Bitcoin holder, made headlines earlier today as it unveiled its latest preferred stock offering, STRF. The company launched a public offering of 5,000,000 shares of its Series A Perpetual Strife Preferred Stock (ticker: STRF), subject to market conditions. The new offering aims to raise capital for general corporate purposes, with a significant portion earmarked for Bitcoin acquisitions and working capital. The new STRF offering introduces a hybrid security designed to appeal to investors seeking lower volatility compared to Strategy’s volatile common stock (MSTR).
https://www.forbes.com/sites/mauriciodibartolomeo/2025/03/18/breaking-down-strategys-recent-preferred-stock-offerings/
The Four Pillars of Harry Hippo: Why $HIPO Isn’t Just Another Meme Coin
Harry Hippo builds its value on four distinct foundations that work together to create something more substantial than typical crypto projects.
With the token currently priced at $0.00625, presale approaching $2 million, and over 300 million tokens already staked, the market shows growing recognition of this multi-faceted approach.
https://99bitcoins.com/news/the-four-pillars-of-harry-hippo-why-hipo-isnt-just-another-meme-coin/
Harry Hippo builds its value on four distinct foundations that work together to create something more substantial than typical crypto projects.
With the token currently priced at $0.00625, presale approaching $2 million, and over 300 million tokens already staked, the market shows growing recognition of this multi-faceted approach.
https://99bitcoins.com/news/the-four-pillars-of-harry-hippo-why-hipo-isnt-just-another-meme-coin/
Bank Of Korea Takes Cautious Stance On Bitcoin As Reserve
The Bank of Korea has stated that it is approaching the idea of including Bitcoin in its foreign exchange reserves with caution, citing concerns over the cryptocurrency’s extreme price volatility.
In a 16 March 2025 response to a written inquiry, central bank officials confirmed that they have neither discussed nor reviewed the possibility of adding Bitcoin to South Korea’s foreign reserves.
Their response came after Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee raised the issue. According to reports from The Korea Herald, the central bank stressed that a “cautious approach is needed.”
https://99bitcoins.com/news/bank-of-korea-takes-cautious-stance-on-bitcoin-as-reserve/
The Bank of Korea has stated that it is approaching the idea of including Bitcoin in its foreign exchange reserves with caution, citing concerns over the cryptocurrency’s extreme price volatility.
In a 16 March 2025 response to a written inquiry, central bank officials confirmed that they have neither discussed nor reviewed the possibility of adding Bitcoin to South Korea’s foreign reserves.
Their response came after Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee raised the issue. According to reports from The Korea Herald, the central bank stressed that a “cautious approach is needed.”
https://99bitcoins.com/news/bank-of-korea-takes-cautious-stance-on-bitcoin-as-reserve/
LIBRA Controversy: Was The Token’s $1.16 Billion Surge Rigged? DWF Report Says Yes
Within an hour, a meme coin on the Solana blockchain, LIBRA, ballooned to a market value of $1.16 billion before quickly disintegrating. According to sources, early buyers of the LIBRA token profited millions of dollars while regular investors ended up scratching their heads with nothing.
Shortly after its launch, LIBRA reportedly saw an unprecedented rise in value. But the excitement quickly turned to misery. Approximately 75,000 traders lost their first deposits when the token fell more than 90% in value. The damage, analysts said, were more than $280 million.
https://bitcoinist.com/libra-controversy-was-the-tokens-1-15-billion-surge-rigged-dwf-report-says-yes/
Within an hour, a meme coin on the Solana blockchain, LIBRA, ballooned to a market value of $1.16 billion before quickly disintegrating. According to sources, early buyers of the LIBRA token profited millions of dollars while regular investors ended up scratching their heads with nothing.
Shortly after its launch, LIBRA reportedly saw an unprecedented rise in value. But the excitement quickly turned to misery. Approximately 75,000 traders lost their first deposits when the token fell more than 90% in value. The damage, analysts said, were more than $280 million.
https://bitcoinist.com/libra-controversy-was-the-tokens-1-15-billion-surge-rigged-dwf-report-says-yes/
Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme
A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated that over $300K had been stolen using this malware, which originated in pesktop[.]com, a site that distributes pirated software. Nonetheless, while Ciberark believed this to be the work of a single threat actor or group, it acknowledged several actors could be linked to this campaign.
https://news.bitcoin.com/massive-campaign-uses-over-700k-wallets-in-cryptojacking-scheme/
A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others, and making people deposit crypto to addresses different than the ones intended. Ciberark estimated that over $300K had been stolen using this malware, which originated in pesktop[.]com, a site that distributes pirated software. Nonetheless, while Ciberark believed this to be the work of a single threat actor or group, it acknowledged several actors could be linked to this campaign.
https://news.bitcoin.com/massive-campaign-uses-over-700k-wallets-in-cryptojacking-scheme/
Senate panel advances debanking bill to block regulators from using reputational risk in supervision
The Senate Banking Committee voted to advance a bill that would eliminate references to reputational risk as a way for federal regulators to supervise financial institutions.
The committee voted 13- 11 to advance that bill to the Senate on Thursday during a markup where the committee also voted to move forward with a bill to regulate stablecoins. Work would still need to be done on the House side.
The bill, called the Financial Integrity and Regulation Management Act, aims to address concerns around debanking and would block regulators from using reputational risk to supervise risk — following the crypto industry's condemnation of government agencies they say are cutting them off from the financial sector. Notably, Democrats did not vote to support the bill.
https://www.theblock.co/post/346219/senate-panel-advances-debanking-bill-to-block-regulators-from-using-reputational-risk-in-supervision
The Senate Banking Committee voted to advance a bill that would eliminate references to reputational risk as a way for federal regulators to supervise financial institutions.
The committee voted 13- 11 to advance that bill to the Senate on Thursday during a markup where the committee also voted to move forward with a bill to regulate stablecoins. Work would still need to be done on the House side.
The bill, called the Financial Integrity and Regulation Management Act, aims to address concerns around debanking and would block regulators from using reputational risk to supervise risk — following the crypto industry's condemnation of government agencies they say are cutting them off from the financial sector. Notably, Democrats did not vote to support the bill.
https://www.theblock.co/post/346219/senate-panel-advances-debanking-bill-to-block-regulators-from-using-reputational-risk-in-supervision
SEC postpones ruling on Fidelity Ether ETF options
The agency delayed similar proposed rule changes by other exchanges in February.
The agency has given itself until May 14 to approve or disapprove of Cboe BZX’s request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing.
Cboe BZX initially requested to list options on Fidelity’s Ether ETFs in January, the filing said.
Listing options on Ether funds is an important step in attracting institutional capital to the cryptocurrency.
Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
https://cointelegraph.com/news/sec-delays-decision-on-fidelity-eth-etf-options
The agency delayed similar proposed rule changes by other exchanges in February.
The agency has given itself until May 14 to approve or disapprove of Cboe BZX’s request to list options tied to Fidelity Ethereum Fund (FETH), according to a March 12 SEC filing.
Cboe BZX initially requested to list options on Fidelity’s Ether ETFs in January, the filing said.
Listing options on Ether funds is an important step in attracting institutional capital to the cryptocurrency.
Related: SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
https://cointelegraph.com/news/sec-delays-decision-on-fidelity-eth-etf-options
Spruce Point Capital Is Betting Against Remitly Global Stock, Short Seller Says Shares Could Fall To $9 Amid 'Tectonic Shift' Across Industry
Spruce Point Capital Management has announced a new short position against Remitly Global Inc RELY as the short seller believes there’s reason to be skeptical of the company’s financial reporting and valuation.
What To Know: Spruce Point targeted Remitly Global in a new bearish research report that provides evidence of doctored reviews and unreliable accounting practices, suggesting the stock is overvalued.
Benzinga contacted Remitly Global for comment on the report, with a representative responding, “Thanks for reaching out. We're aware of the report and are in the process of reviewing its claims. I will be back in touch as soon as possible.”
https://www.benzinga.com/trading-ideas/short-ideas/25/03/44258682/spruce-point-capital-is-betting-against-remitly-global-stock-short-seller-says-shares-c
Spruce Point Capital Management has announced a new short position against Remitly Global Inc RELY as the short seller believes there’s reason to be skeptical of the company’s financial reporting and valuation.
What To Know: Spruce Point targeted Remitly Global in a new bearish research report that provides evidence of doctored reviews and unreliable accounting practices, suggesting the stock is overvalued.
Benzinga contacted Remitly Global for comment on the report, with a representative responding, “Thanks for reaching out. We're aware of the report and are in the process of reviewing its claims. I will be back in touch as soon as possible.”
https://www.benzinga.com/trading-ideas/short-ideas/25/03/44258682/spruce-point-capital-is-betting-against-remitly-global-stock-short-seller-says-shares-c
