The cryptocurrency dipped below $77,000 overnight before making a modest recovery to $80K in the morning. Bearish Pressure Continues: Bitcoin Lingers Above $80K After Overnight Slump Bitcoin tumbled all the way to $76,624.25 late last night, a 4-month low, before later recovering. The entire cryptocurrency market has lost more than a $1 trillion in value …
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President Donald Trump announced a 50% tariff on Canadian steel and aluminum imports, combining a 25% duty on metals with a 25% general tariff on all Canadian goods, effective March 12, 2025. The move escalates a trade dispute centered on Canada’s “anti-American farmer tariffs” of up to 390% on U.S. dairy products, which Trump called …
Cboe BZX Exchange has filed a proposal with the SEC to allow staking in Fidelity’s Ethereum ETF, reversing a 2024 decision to exclude the feature, as regulatory attitudes toward crypto evolve under the Trump administration. SEC Filing Reveals Fidelity’s Plan to Enable Staking in Ethereum ETF Cboe BZX Exchange filed a Form 19b-4 with the …
As bitcoin trades at $81,626—just shy of the $82,000 mark—disparities in mining costs among leading public firms expose striking operational differences, with some companies extracting bitcoin at a fraction of the network’s estimated average. Mining Bitcoin for Profit? It Depends on Who’s Paying the Power Bill On March 11, 2025, bitcoin’s spot price settled at …
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The U.S. Federal Deposit Insurance Corporation (FDIC) continues to “resist” transparency efforts regarding alleged past attempts to quash the crypto sector, according to Coinbase chief legal officer Paul Grewal. Grewal references “Operation Choke Point 2.0,” an alleged attempt by the Biden Administration government regulators to stifle the crypto industry. Coinbase has been using the Freedom of …
At the peak of the outage, Downdetector recorded nearly 40,000 users unable to access X; however, Elon Musk says user functionality was quickly restored. A hacking group with ties to Russia has claimed responsibility for the massive cyberattack on X, which saw the social media platform unable to be accessed by thousands of users, although …
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The Republican-led GENIUS Act saw a raft of changes after bipartisan discussions, and the Senate Banking Committee will vote on the stablecoin bill on March 13. US Senate Banking Committee is set to vote on a Republican-led stablecoin framework bill on March 13, after it was updated following consultation with committee Democrats. GOP Senator Bill …
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Ethereum community members dismissed rumors of a $56 million transfer into lending protocol Sky from the Ethereum Foundation. An Ethereum developer rejected speculation that the Ethereum Foundation (EF) was behind a recent deposit of more than 30,000 Ether into the decentralized finance (DeFi) protocol Sky, formerly known as MakerDAO. On March 10, a wallet address …
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Solana weekly revenue was down to just $4 million last week, after peaking at $55 million during the height of the memecoin frenzy in January. Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana …
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Binance has banned a market maker and confiscated its proceeds after conducting an investigation that indicated the entity committed misconduct. The top global crypto exchange didn’t disclose the identity of the market maker but noted that it operated as a liquidity provider for the decentralized security layer GoPlus Security (GPS) and the AI consumer project …
While Bitcoin may experience a retracement to $70,000, this remains part of an organic “correction within a bull market,” Nansen analysts told Cointelegraph. Bitcoin’s potential retracement to $70,000 may be an organic part of the current bull market, despite crypto investor concerns of an early arrival of a bear market cycle. Bitcoin (BTC) fell more …
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TLDR ETH price dropped nearly 10% on Monday, falling to $1,820, its lowest since December 2023 A $74 million DeFi loan backed by $130 million in ETH is at risk of liquidation Only 50% of Ethereum holders remain in profit, down from 82% at the start of 2023 $1.8 billion worth of ETH left exchanges …
Texas has introduced a second crypto reserve bill, marking another significant step toward integrating Bitcoin into its financial framework. According to a document released on March 11, the proposed legislation, HB 4258, seeks to allocate up to $250 million from the state’s economic stabilization fund for Bitcoin and other digital assets. This marks the second …
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Bitcoin and the broader crypto market are under significant pressure as macroeconomic concerns fuel investor anxiety. In the past 24 hours, the price of BTC has fallen 2.2%, briefly touching $76,624 before recovering to $81,376 as of press time. Ethereum (ETH), the second largest crypto asset by market cap, also dropped 10% to $1,760, its …
Continue reading “Bitcoin, Ethereum reel as recession fears erase $906 million from traders”
The Singapore Exchange (SGX) is set to make a significant entry into the cryptocurrency derivatives market by introducing bitcoin perpetual futures in the second half of 2025, as reported by Bloomberg. This strategic move aims to cater to the rising institutional interest in digital assets, providing a regulated platform for trading. However, the launch is …
