The US push to maintain the dollar’s global dominance through stablecoin adoption could have unintended benefits for Bitcoin as it emerges as a potential national reserve asset. During the White House Crypto Summit on March 7, US Treasury Secretary Scott Bessent said the American government would use stablecoins to ensure the US dollar remains the…
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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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European lawmakers have remained silent on the US Strategic Bitcoin Reserve order, a landmark policy shift favoring early adopters of Bitcoin due to its economic model. US President Donald Trump’s March 7 executive order outlined a plan to create a Bitcoin reserve using cryptocurrency seized in criminal cases rather than purchasing Bitcoin (BTC) on the…
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Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, is looking to raise up to $21 billion in fresh capital to purchase more BTC. On March 10, Strategy officially announced that it entered into a new sales agreement that would allow the firm to issue and sell shares of its 8% Series A perpetual…
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Singapore Exchange (SGX), the largest exchange group in Singapore, reportedly plans to debut Bitcoin perpetual futures in the second half of 2025. SGX is working to introduce Bitcoin (BTC) perpetual futures for institutional and professional investors in an effort to “expand institutional market access,” Bloomberg reported on March 10. A spokesperson at SGX reportedly said…
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Software intelligence firm turned Bitcoin investment behemoth Strategy remains $7.8 billion in profit on its Bitcoin holdings despite the cryptocurrency’s recent drop to $80,000. On March 10, Bitcoin (BTC) recorded its largest weekly decline on record, shedding more value in the past seven days than at any other time in its trading history. Cointelegraph Markets…
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Cryptocurrency companies spent more than $134 million on the 2024 US elections, fueling concerns about their growing political influence and potential risks to regulatory stability, according to a report by the Center for Political Accountability (CPA). The growing connection of crypto firms with US politics is raising newfound concerns for regulators, investors and the wider…
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Bitcoin (BTC) registered a daily and weekly close at $80,688 on March 9, the lowest close since Nov. 11, 2024. Bitcoin also dropped below its key 200-day exponential moving average (200-D EMA) for the second time in two weeks, indicating further high time frame (HTF) weakness in the charts. Bitcoin 1-day chart. Source: Cointelegraph/TradingView While…
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Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week. After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10. While the pace of outflows…
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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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