Category: crypto

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…

Implied volatility has decreased significantly since early February, indicating reduced risk pricing in BTC options. Skew has also normalized, with more balanced options flows showing a shift from fear to calculated risk-taking. Despite a decrease in prices, the market remains disciplined, with traders adjusting their expectations for extreme moves.

Binance denied allegations that its platform allowed transactions linked to Iran in response to a U.S. Senate inquiry. The exchange emphasized its compliance program and monitoring systems, including identity verification for users and cooperation with law enforcement. Investigations led to the removal of entities with potential links to Iran.

Despite incurring over $29.7 million in losses, a high-profile whale known as Machi has reloaded on a 25x leverage ETH position. This move comes as major cryptocurrencies are sliding, with funding turning negative. Machi’s decision to double down on his position in the face of market weakness is seen as a risky move.

Curve Finance has accused PancakeSwap of using parts of its StableSwap code without permission, calling it a license violation. PancakeSwap responded by stating their team will discuss the matter with Curve. Both parties expressed a preference for cooperation and licensing over a legal dispute. The issue may be related to PancakeSwap’s recent Infinity StableSwap upgrade.

Tether is investing in Utexo to enable native USDT settlement on Bitcoin and Lightning, aiming to provide fixed fees, atomic settlement, and user privacy. This move comes as major cryptocurrencies drop in value, highlighting the need for reliable dollar liquidity. The goal is to establish Bitcoin as a global settlement network.

Unexpected job losses in the US in February and a higher unemployment rate have raised hopes for a rate cut but have left Bitcoin stuck around $70,000. The market is in a risk-off mood, with falling equities and rising oil prices complicating the situation for crypto assets despite the soft jobs data.

As part of Outset PR’s Web3 communications talks, founder Mike Ermolaev spoke with Bitget Wallet CMO Jamie Elkaleh about marketing changes as crypto wallets evolve into broader financial interfaces. Insights include utility-driven adoption, regional marketing differences, data-driven media credibility, and the influence of institutional capital on crypto markets.

Kazakhstan will invest up to $350M from its gold and FX reserves into crypto assets starting April-May. This move aims to reduce exposure to sanctioned assets and gain indirect exposure to Bitcoin and Ethereum through funds and stocks. It comes as Bitcoin nears $70K, tightening the link between sovereign flows and crypto prices.

Vitalik Buterin supports a controversial switch from Casper FFG to Minimmit in Ethereum, prioritizing censorship resistance over fault tolerance. The proposed change aims to improve real-world safety and response to attacks. This debate occurs as ETH trades near $2,000, with markets considering the impact of faster finality on the network’s value.