Author: Cointelegraph by Yohan Yun

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Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21. Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue. US-based spot…
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Pump.fun memecoins are dying at record rates, less than 1% survive

The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for a fourth straight week. “Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific…
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Decentralization clashes with illicit activity

THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators breathing down its neck. Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol’s centralized tendencies. After exploiting Bybit…
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DeFi TVL drops by $45B, erasing gains since Trump election

The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since Donald Trump was elected the US President in November 2024. Since the US election, DeFi TVL rose to as high as $138 billion on Dec. 17 but has retracted to $92.6 billion by March 10, as noted…
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BBVA gets regulatory nod to offer Bitcoin and Ether trading in Spain

Banco Bilbao Vizcaya Argentaria (BBVA) announced on March 10 that it had received the nod from Spain’s securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), to offer Bitcoin (BTC) and Ether (ETH) trading services to its customers.  Spain’s second-largest bank’s crypto offerings in Spain will enable users to buy, sell and manage digital…
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Does XRP, SOL or ADA belong in a US crypto reserve?

The US crypto industry finally got what it wanted when President Donald Trump announced plans to form a national crypto reserve on March 2. But instead of celebration, the decision sparked backlash — not from the usual suspects in traditional finance or regulators but from within the crypto world itself. The controversy arises from the…
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Upbit operator Dunamu files lawsuit to overturn business sanction

Upbit’s parent company, Dunamu, has reportedly filed a lawsuit against South Korea’s Financial Intelligence Unit (FIU) — a division under the country’s top market regulator, the Financial Services Unit (FSC) — challenging its imposed sanctions. Dunamu told the state-funded Yonhap News Agency on Feb. 28 that it had submitted a lawsuit to the Seoul Administrative…
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Bitcoin’s correction may extend to April: Matrixport research

The current Bitcoin (BTC) correction could last until March or April before attempting to rally toward previous highs, according to Matrixport analysis. Bitcoin fell below $80,000 on Feb. 27 for the first time in a week amid a broader market sell-off driven by escalating global trade tensions. Three major US stock market indexes also suffered…
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Bybit hacker swaps $3.64M to DAI via decentralized exchanges

Addresses linked to the Bybit exploit swapped millions worth of ETH for DAI using DEXs, with portions sent to eXch, the exchange at the center of controversy for refusing to freeze funds. Source link

In pictures: Bybit’s record-breaking $1.4B hack

From rapid withdrawals to social media’s real-time breakdown, here’s how Bybit’s record-breaking $1.4 billion hack took shape. Source link