The Commodity Futures Trading Commission (CFTC) is revoking an advisory requiring strict review of new virtual asset derivatives – financial instruments that derive their value from an underlying cryptocurrency, allowing investors to speculate on price movements without directly owning the asset. In a statement, the regulatory agency says that its Division of Market Oversight (DMO) …
Monthly archives: March 2025
JPMorgan Chase and Citi Partnering With Stablecoin Issuer Circle for April IPO: Report
Stablecoin firm Circle is teaming up with top American banks as it prepares for a reported April initial public offering (IPO) launch. According to a new Fortune report, USDC-issuer Circle is working with JPMorgan Chase and Citi Bank to publicly list the firm’s shares next month. Citing “two sources familiar with the situation” Fortune reports …
SEC Closes Investigation Into Haliey Welch Over Alleged HAWK Memecoin Rug Pull: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly closing its investigation into social media influencer Haliey Welch over the alleged rug pull of her memecoin. According to a new report by TMZ, the regulatory agency is closing the probe into Welch – known as the “Hawk Tuah” girl for her 2024 viral video – …
Trump Family Launches ‘American Bitcoin’ BTC Mining Venture in Partnership With Hut 8
The publicly-traded Bitcoin (BTC) mining company Hut 8 is partnering with US President Donald Trump’s family to form a new mining subsidiary called American Bitcoin. In a new announcement, Florida-based Hut 8 says it is merging the majority of its ASIC mining operations for an 80% stake in American Bitcoin, a company formed by a …
Bitcoin could reduce dominance of US dollar — BlackRock
BlackRock CEO Larry Fink warned in an annual letter that mounting US debt could drive investors toward Bitcoin, threatening the dollar’s global dominance. The US dollar could lose its status as the world’s reserve currency to Bitcoin or other digital assets if the United States does not get its debt under control, according to BlackRock …
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Price analysis 3/31: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON
Bitcoin bulls showed up to defend the $80,000 support, but will it hold after the April 2 “Liberation Day” tariffs are announced by US President Donald Trump? Bitcoin (BTC) fell 4.29% last week, but the bulls started a recovery by pushing the price back above $83,500 on March 31. However, traders are likely to remain …
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‘Dire consequences’ if Musk accesses SEC — US lawmaker
US Rep. Maxine Waters reiterated a warning to acting SEC Chair Mark Uyeda following reports DOGE would gain access to sensitive agency information. The top Democrat on the US House Financial Services Committee issued a warning after reports suggested that Tesla CEO Elon Musk’s “government efficiency” team would be given access to data and systems …
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XRP funding rate flips negative — Will smart traders flip long or short?
XRP price has been in a rut, but is its negative funding rate a bullish or bearish sign? On March 19, Ripple CEO Brad Garlinghouse announced that the company had been cleared by the US Securities and Exchange Commission regarding an alleged $1.3 billion unregistered securities offering. Following the news, XRP (XRP) surged to $2.59, …
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Binance Launches New Feature Enabling Trading Between Centralized and Decentralized Exchanges
Binance, the planet’s biggest crypto exchange by volume, has released a new feature bridging its services to the decentralized finance (DeFi) world. In a new announcement, Binance says it’s introducing CEX to DEX (centralized exchange to decentralized exchange) trading, a new feature that enables users to trade tokens through their wallets using their Binance CEX …
Michael Saylor’s Strategy buys Bitcoin dip with $1.9B purchase
Michael Saylor’s Strategy bought 22,000 BTC for nearly $2 billion despite concerns over Trump’s April 2 tariff announcement and rising market uncertainty. Michael Saylor’s Strategy bought nearly $2 billion of Bitcoin, taking advantage of a recent price dip despite growing market concerns tied to US President Donald Trump’s upcoming tariff announcement. Strategy, formerly MicroStrategy, acquired …
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Bitcoin’s ‘digital gold’ claim challenged as traders move into bonds and gold hits new highs
Bitcoin’s safe haven ambitions face a major market test as investors seek shelter in gold and bonds. April 2 is shaping up to be a pivotal moment in global trade policy. US President Donald Trump has dubbed it “Liberation Day,” in reference to when new tariffs—exceeding 20%—will hit imports from over 25 countries. According to …
Crypto funds see $226M of inflows, but asset values slump — CoinShares
With $870 million of inflows in the past two weeks, crypto ETPs have yet to reverse a continuing decline in total assets under management. Cryptocurrency exchange-traded products (ETPs) continued to see modest inflows last week, extending a reversal from a record-breaking streak of outflows. Global crypto ETPs posted $226 million in inflows in the last …
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Ethereum price down almost 50% since Eric Trump’s ‘add ETH’ endorsement
The Trump-associated WLFI project has tripled its ETH holdings in the past months, which could finally help Ethereum rally in April. Ethereum’s native token, Ether (ETH) has lost almost half its value two months after Eric Trump, son of US President Donald Trump, told his 5.7 million followers that it was a “great time” to …
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Bitcoin funds trade at discount as premiums turn negative
Bitcoin fund market premiums have turned negative, with data from CryptoQuant showing the 7-day EMA also falling below zero. This indicates that the market price of Bitcoin funds is now trading at a discount to their net asset value (NAV), indicating reduced demand for these products. Graph showing Bitcoin’s fund market premium from March 20 …
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Bitcoin ETFs see $93.2M in net outflows after 10 straight days of inflows
After 10 consecutive days of positive inflows into spot Bitcoin ETFs, March 28 broke the trend, recording net outflows totaling $93.2 million. This was the first day of negative flows since March 13, breaking a strong streak of investor demand that had seen over $1 billion in cumulative inflows. The outflows were entirely concentrated in …
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