Despite Bitcoin’s market correction, the asset remains strong while many altcoins have sunk back to bear market depths. Bitcoin market dominance is currently at a 4-year high of more than 62%, its highest level since March 2021, despite its 29% correction. There was a brief spike above this level on...
EU Regulators Probe OKX’s Web3 Role in Bybit Crypto Laundering Case
OKX has denied involvement in laundering Bybit's stolen funds, and stated that its Web3 wallet operates like other industry-standard self-custody services. European regulators are closely examining the role of OKX in laundering funds from a massive cyber heist on Bybit. National regulatory bodies across the European Union deliberated on the...
HYPE Sinks 8.5% as Whale Liquidation Causes $4M Hyperliquid Vault Loss
Hyperliquid’s HLP vault faced a $4M loss after a whale’s massive ETH position was liquidated, prompting new leverage limits to curb risks. A massive liquidation event involving a whale’s $340 million ETH position has sent shockwaves through Hyperliquid, resulting in an 8.5% price drop for its native HYPE token. The...
$21 Billion to Buy Bitcoin: Strategy Announces Preferred Stock Offering to Fund Additional BTC Purchases
Strategy plans to raise $21 billion through a preferred stock offering, with funds focused on Bitcoin and business expenses. Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according...
Binance Bans Market Maker for GPS and SHELL After Trading Irregularities
As rumors swirl, Animoca and GSR have distanced themselves from the scandal. Binance released an official report detailing actions taken against a market maker involved in irregular trading activities for GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, the crypto exchange identified misconduct by the market maker, who...
Pi Network (PI) News Recap March 7th
Pi Network continues with the deadline extensions. On the other hand, it reached a major milestone last month. TL;DR Pi Network launched its Open Network on February 20. A few weeks later, it gained over 4 million followers on X (formerly Twitter). PI’s price may experience volatility if Binance lists...
“Never Sell Your Bitcoin”: Trump, Treasury Deliver Remarks At White House Crypto Summit
Treasury Secretary Bessent said he wants to create US dollar hegemony worldwide using stablecoins. President Donald Trump hosted the first White House Digital Asset Summit on Friday, with a handful of major crypto executives and relevant members of his administration. Trump repeated his promises from his Thursday executive order to...
Coinbase’s Base Acquires Iron Fish Team to Enhance Privacy on Layer 2 Network
Immediately after the announcement, the price of Iron Fish's native token (IRON) surged by nearly 32% to almost $0.27 on March 7th. Coinbase-incubated Layer 2 network Base has announced acquiring the development team behind Iron Fish, a privacy-focused blockchain project. The latest move aims to boost privacy features within Base....
SBF’s Crisis Manager Resigns After Surprise Jailhouse Interview
Sam Bankman-Fried's crisis manager resigned after the jailed FTX founder conducted a surprise interview without prior approval or coordination. Sam Bankman-Fried (SBF), the disgraced founder of cryptocurrency exchange FTX, has conducted a second interview from prison, once again drawing controversy and causing repercussions for his crisis management team. The interview,...
Shiba Inu (SHIB) Can Soar by 50% Under This Condition (Analyst)
Ali Martinez explained why "a rally toward $0.000020 could be in play." TL;DR Analysts suggest a substantial surge for SHIB if the asset remains above a certain support line and buying pressure returns. On the other hand, Shibarium’s stalled progress and Shiba Inu’s declining burn rate indicate that the bearish...
