Kraken, the second-largest US-based crypto exchange by trading volume, is reportedly gearing up for a public launch. According to a new report by Bloomberg, Kraken, known officially as Payward Inc., is planning on an initial public offering (IPO), or stock launch, in the first quarter of 2026. Bloomberg cites sources with knowledge of the matter …
Monthly archives: March 2025
Paxos CEO urges US lawmakers to set cross-border stablecoin regulation
Stablecoin firm Paxos is worried that the adoption of its USDG stablecoin may be affected by global regulatory arbitrage related to stablecoins. US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight. Charles Cascarilla, co-founder and CEO of …
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Yuga exec warns about ‘true bear market’ Ether price as whales scramble
The bearish sentiment emerged as Ether whales scrambled to avoid being liquidated amid a 22% price decline over the last seven days. Yuga Labs’ vice president of blockchain warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price. In a March 11 post on …
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Ether risks correction to $1.8K as ETF outflows, tariff fears continue
Ether has fallen over 53% since December, as analysts warn of lower lows amid trade war concerns and mounting ETF outflows. Ether is struggling to reverse a near three-month downtrend as macroeconomic concerns and continued selling pressure from US Ether exchange-traded funds (ETFs) weigh on investor sentiment. Ether (ETH) has fallen by more than 53% …
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3 reasons XRP might drop to $1.60 in March
Declining spot and perp CVD, whale selling and a long-term bearish pattern signal a potential further drop for XRP, which might bottom near the $1.60 range. The XRP (XRP) daily chart registered its lowest candle close in 99 days on March 10. The altcoin dropped below the $2 support level but registered a short-term recovery …
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AI growth outpaces Moore’s Law, soaring beyond traditional limits
Research shows that AI computational power has doubled every 3.4 months since 2012, compared to the two-year cycle defined by Moore’s Law. This accelerated pace breaks from traditional computing’s predictable path. Nvidia CEO Jensen Huang characterized AI’s progression as closer to “Moore’s Law squared.” Practically, AI has advanced approximately 100,000x within a decade, a pace …
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Holesky testnet revival bolsters Ethereum’s Pectra upgrade mission
Holesky, an Ethereum testnet, has regained finality after nearly two weeks of instability. The network’s disruption had stalled testing for the anticipated Pectra upgrade, delaying progress on the upcoming hard fork. However, with Holesky now operational, EthPandaOps, a group of Ethereum developers, confirmed that validators could resume Pectra testing on the testnet. The developers also …
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Fidelity asks SEC to allow staking in Ethereum ETF to boost investor returns
The Cboe BZX Exchange has filed a request with the U.S. Securities and Exchange Commission (SEC) to allow staking for the Fidelity Ethereum Fund (FETH), as revealed in a March 11 filing. Staking involves locking ETH to secure the Ethereum network while generating rewards. A staked ETH ETF could offer investors additional income beyond traditional …
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Bitcoin rebounds as US stock market opens after new Trump tariffs on Canada
Bitcoin fell 3.5% Tuesday as President Donald Trump’s expanding tariff policies continue to rattle crypto markets. Bitcoin dropped to $79,000 following Trump’s announcement of additional 25% tariffs on Canadian steel and aluminum imports before rebounding to $81,200 as U.S. stock markets opened. Bitcoin price (Source: TradingView) This decline marks the latest chapter in a tumultuous …
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Bitwise launches Bitcoin Standard ETF of stocks owning over 1,000 BTC
Bitwise Asset Management has launched Bitwise Bitcoin Standard Corporations ETF (OWNB), a new investment product designed to provide exposure to companies holding significant Bitcoin reserves. According to a March 11 statement, the ETF follows the Bitwise Bitcoin Standard Corporations Index, which includes firms that have integrated Bitcoin into their corporate treasuries. Bitwise CIO Matt Hougan …
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USDT will save dollar from gold-backed BRICS currency says Tether CEO Paolo Ardoino
Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether’s reserves. Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s significant role in maintaining US dollar dominance globally …
Coinbase secures re-entry to Indian crypto market with FIU approval
Coinbase has secured approval from India’s Financial Intelligence Unit (FIU), positioning itself to re-enter the country’s crypto market. The exchange announced on March 11 that it intends to launch retail trading services later this year, with further investments and product rollouts to follow. This move signals a fresh attempt by Coinbase to establish itself in …
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Bitcoin ETFs Suffer $369 Million Outflow Amid Six-Day Withdrawal Streak
Bitcoin ETFs experienced a net outflow of $369 million, marking the 6th consecutive day of withdrawals, while ether ETFs saw a $38 million outflow, extending their decline to four days. No End in Sight for Outflows From Bitcoin and Ether ETFs The significant outflows from bitcoin and ether exchange-traded funds (ETFs) continued on Monday, Mar. …
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BITCOIN Act Revived to Bolster Federal Digital Asset Reserves, Address National Debt
Sen. Cynthia Lummis (R-Wyo.) reintroduced legislation Tuesday to establish a U.S. Strategic Bitcoin Reserve, aiming to transform former President Donald Trump’s executive order into federal law. Sen. Lummis Reintroduces Bill to Codify Trump’s Strategic Bitcoin Reserve Plan The bill, dubbed the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act” (BITCOIN Act), proposes acquiring …
New Bitwise Bitcoin Standard Corporations ETF Targets Corporate Bitcoin Holders
The Bitwise Bitcoin Standard Corporations ETF, trading as OWNB, has launched, focusing on corporations holding significant bitcoin assets. OWNB: New ETF Captures Corporate Giants With Heavy Bitcoin Investments In a significant development in the cryptocurrency investment landscape, the Bitwise Bitcoin Standard Corporations ETF commenced trading today under the ticker OWNB. This new exchange-traded fund (ETF) …
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