Category: crypto

Strategy revealed in a filing that it purchased 17,994 Bitcoins for $1.28 billion, adding to its balance sheet. The purchase was funded through $900 million in common stock sales and $377 million in preferred stock issuance. The company now holds a total of 738,731 BTC and plans to continue its long-term Bitcoin strategy.

Bitcoin price has dropped below $70,000 due to rising tensions around the Strait of Hormuz, causing oil prices to surge over 60% this year. This has added pressure on risk assets. Bitcoin remains up 7.8% for the week but has seen increased volatility, signaling a repositioning phase in the market.

A US federal court dismissed a lawsuit accusing Binance of terrorism financing due to lack of evidence linking the exchange to specific attacks. Plaintiffs failed to show Binance knowingly aided terrorist groups. Judge allowed 60 days to amend the complaint, potentially reopening the case with stronger allegations.

Circle Internet Group has used its USDC stablecoin and Circle Mint platform to settle $68 million in intercompany transfers across eight entities in under 30 minutes, replacing traditional bank wires that take one to three days. This highlights the potential of stablecoins for corporate treasury operations and streamlining accounting processes.

Flow Foundation and Dapper Labs have requested the Seoul Central District Court to suspend the termination of FLOW token trading on major South Korean exchanges, including Upbit, Bithumb, and Coinone. This comes after an exploit in December 2025 allowed an attacker to duplicate $3.9 million in tokens, leading to a temporary halt and emergency measures.…

XRP whales are accumulating tokens even as a significant portion of the supply remains at a loss. Around $50 billion worth of XRP is underwater, but whales are seen moving millions of tokens off exchanges, hinting at a shift towards long-term holding. Despite mixed signals, XRP remains at $1.35.

The US Treasury warns of increasing scams involving crypto ATMs, with reported losses of $246.7 million in 2024. Scammers pressure victims into sending funds quickly. The report also highlights potential channels for money laundering, such as mixers, DeFi platforms, and cross-chain tools, while suggesting emerging technologies like AI and blockchain analytics to strengthen compliance.

Strategy, led by Michael Saylor, is potentially preparing for its 101st Bitcoin purchase as hinted in a recent post. The company currently holds over $48.7 billion worth of Bitcoin, with its last purchase being 3,015 BTC at an average price of $67,700 per coin. Bitcoin’s price struggles to stay above $70,000.

Kalshi is facing a $54 million class-action lawsuit over disputed bets on Iranian Supreme Leader Ali Khamenei’s departure from office. Traders claim the platform retroactively excluded death-based outcomes, while Kalshi argues the exclusion was always in place. The lawsuit accuses Kalshi of deceptive practices and allowing trading to continue after Khamenei’s death.

Bitcoin spot ETFs saw $568.45 million in net inflows for the week ending March 6, marking the second consecutive week of positive flows. A $1.15 billion buying wave from March 2-4 offset $576 million in late-week outflows. Total net assets for Bitcoin ETFs reached $87.07 billion, with weekly trading volume at $25.87 billion. Ethereum spot…