Category: crypto

Bitcoin’s price rose sharply to $71,500 after Trump announced a delay in planned military strikes against Iran. This move followed productive talks between the US and Iran, easing tensions. The rally liquidated $270 million in short positions, boosting market sentiment and causing short traders to face significant losses. Total crypto liquidations reached $780 million.

Strategy continued to buy bitcoin during the recent market pullback, increasing its total holdings to 762,099 BTC. The latest purchase of 1,031 BTC at $74,326 was smaller than the previous acquisition but showed the company’s consistent buying strategy despite market volatility and geopolitical tensions.

Crypto investment products saw another week of net inflows, with Bitcoin funds adding $219.2 million and Ether products experiencing $27.5 million in outflows. The positive trend of digital asset exchange-traded products continued for the fourth consecutive week, but investor demand cooled following the latest US Federal Reserve meeting.

The Crypto Fear & Greed Index drops to 8, indicating extreme fear in the market as investors sell off XRP, SOL, and AAVE. Despite the fear, the total crypto market cap remains stable around $2.36 trillion. Analysts suggest that historically, extreme fear levels have preceded major recoveries in Bitcoin and altcoins.

Bithumb is seeking to reappoint CEO Lee Jae-won despite regulatory pressure and scrutiny over compliance controls in South Korea. Shareholders are expected to vote on his reappointment at a meeting on March 31. The exchange has faced penalties for anti-money laundering failures and errors in a promotional campaign.

Meta CEO Mark Zuckerberg is testing an internal AI agent to streamline decision-making and reduce communication layers within the company. This aligns with Meta’s broader push to integrate AI tools across its workforce, including systems like MyClaw and Second Brain. Reports suggest possible layoffs as Meta shifts toward AI-driven efficiency.

ZachXBT discovered a group of social media accounts using war and political content to lure users into crypto scams on X. More than 10 accounts were involved, reposting fear-based content and promoting fake giveaways and pump-and-dump tokens. The coordinated scam cluster reportedly earned six figures through this deceptive tactic.

Boyaa Interactive International plans to expand its crypto treasury with up to $70 million in new purchases, focusing on Bitcoin and Ether during market downturns. The company already holds nearly $285 million in crypto, making it one of the top corporate Bitcoin treasury holders globally. This strategy contrasts with other firms reducing exposure to cryptocurrencies.…

Several major crypto companies, including Algorand, Gemini, and Messari, have recently laid off staff due to market conditions and AI integration. The industry is experiencing consolidation and cost-cutting, with job cuts reflecting a broader trend of downsizing and adjusting to new market conditions. The job market in crypto has also seen a significant downturn, with…

VanEck notes a cautious shift in the Bitcoin options market, with increased demand for put options and decreased call option premiums. Investors are concerned about macroeconomic factors and market volatility. Despite recent price declines, Bitcoin shows signs of stabilization with reduced volatility. This trend reflects a defensive stance among investors.