Category: crypto

Bitcoin fell from $72,000 to $65,500 in 48 hours, with the wider crypto market declining. Ethereum dropped below $2,000, Binance Coin hovered near $610, and XRP remained below $1.35. SIREN surged over 100% while the overall crypto market lost $60 billion. Bitcoin struggled to break above $72,000 throughout the week.

Pi Network has begun the second phase of its migration with Protocol 21 upgrade, requiring mainnet node operators to update before April 6. This update aims to add smart contracts and DeFi tools in future upgrades. The network is focused on stability and efficiency, with further updates planned for April and May.

Retail investors are showing strong interest in Strategy’s “Stretch” preferred shares, which are used to fund Bitcoin purchases. The shares offer lower volatility Bitcoin exposure with steady yields, attracting over $1 billion in investment. Strategy executives state that retail investors now make up the majority of holders of these shares.

David Sacks has finished his term as the White House’s crypto and AI czar but will continue in a new advisory role focusing on technology policy. He will co-chair PCAST, shaping policy recommendations on AI and digital assets. This change allows him to advise on a wider range of technology issues while staying close to…

US Representative Maxine Waters asked the Federal Reserve Bank of Kansas City to explain why they approved Kraken Financial’s limited-purpose master account. Waters requested details on what services Kraken can access, restrictions, and safeguards for crypto firms accessing the US payment system. She also raised concerns about transparency and consistency in the approval process.

A US federal judge in San Francisco has temporarily blocked the Pentagon from taking action against Anthropic, an AI company, providing short-term relief in its dispute with the Trump administration. The ruling prevents the enforcement of a stop-use order against Anthropic’s chatbot, Claude, while the case progresses. Anthropic has challenged the government’s labeling as a…

Tether is moving towards a full financial review of its USDT stablecoin in preparation for increased regulatory scrutiny in the US. The company hired KPMG for its first full audit and engaged PwC to prepare its internal systems. This audit will go beyond previous reserve attestations and could support its US expansion plans and possible…

US spot Bitcoin ETFs saw their largest daily outflows in weeks on Thursday as Bitcoin dropped below $70,000. BlackRock, Fidelity, ARK, and Grayscale led the withdrawals. Despite this, US spot Bitcoin ETFs still attracted $1.36 billion in March net inflows, showing ongoing institutional interest in Bitcoin.

GameStop did not sell the 4,709 Bitcoin it pledged with Coinbase Credit in January. Instead, the company entered a covered-call arrangement, generating premium income while keeping exposure to Bitcoin price moves. The agreement is set to expire soon, and GameStop recorded digital asset receivables on its balance sheet.

Australia’s Federal Court fined Binance Australia Derivatives A$10 million for wrongly classifying 524 retail clients as wholesale investors. ASIC found that Binance allowed users to retake quizzes without limits, weakening checks for complex derivatives access. Binance had already paid A$13.1 million in compensation. The ruling comes amid pressure in other markets.