Crypto News
Weekly Recap: Regulatory Wins, Market Doldrums
It was a week of red in crypto and traditional markets, with bitcoin plummeting below $80K on March 10 and ETH falling to $1,821 the same day. So much for the “Trump Bump.” With the new administration on a tariff-tear this week, the markets were spooked about a recession and crypto was not immune.Still, progress in digital assets was all around, and our reporters reported it all with alacrity. BlackRock’s bellwether BUIDL fund topped $1 billion and tokenized treasuries hit $4.2 billion, Kris Sandor reported. MoonPay, a payments aggregator, made an important stablecoin acquisition, Will Canny wrote. Ripple won a payments license in the UAE (Shaurya Malwa). OKX won a license to operate in Europe, Camomile Shumba reported. Coinbase announced...
Bitcoin Tops $84K, Battling Key Level for Bulls; SOL, LINK Lead Gains
Sellers of risk assets are taking a breather on Friday, with crypto markets posting sizable gains along with U.S. stocks after a week of lame price action.Bitcoin topped $85,000 at one point during U.S. hours and is now trading at $84,400, up 4.7% over the past 24 hours. All cryptos in the CoinDesk 20 Index were higher during the same period, with Chainlink's LINK, Solana's SOL and SUI leading gains.The price action happened as risk appetite returned to traditional markets as well. The S&P 500 and the tech-heavy Nasdaq indexes were 1.7% and 2.3 up, respectively. Meanwhile, gold, whose price action trounced that of bitcoin during the selling of the past few weeks, backed down below $3,000 after crossing the...
Bitcoin Open Interest Reverts to Pre-Election Norms as Prices Stabilize
Bitcoin’s open interest on centralized exchanges and the CME has returned to pre-November 2024 election levels, signaling market stabilization as BTC rebounds to $83,400 following a recent low of $76,600. Bitcoin Bounces to $83K Amid Open Interest, Futures Basis Normalization Bitcoin’s market activity shows signs of stabilization as key metrics return to levels seen beforeSource link
REX’s BTC Treasury ETF Targets Strategy’s Bitcoin-Backed Bonds
The company is, meanwhile, racing to gain approval for an ETF tracking U.S. President Donald Trump’s meme coin.Source link
Best Wallet Raises $11 Million in Token Presale – Top Altcoin for Q2?
This content is provided by a sponsor. The Best Wallet Token ($BEST) raised $11 million in presale, with signs indicating that the fundraising stage could wrap up ahead of schedule. After the Bybit hack last month, which was by far the largest crypto heist we’ve witnessed, many investors are switching to promising non-custodial solutions likeSource link