Crypto
AI Summary
- The crypto market is experiencing significant volatility, with Bitcoin dipping below key support levels like $66K and $60K amidst rising US Treasury yields and geopolitical uncertainties, leading to substantial liquidations of leveraged positions and a broader pullback in altcoins.
- Regulatory scrutiny is intensifying globally, with Canada proposing a ban on crypto political donations, Washington state pursuing legal action against prediction markets like Kalshi, and US lawmakers exploring crypto tax proposals, while also probing entities like Bitmain over security concerns.
- Institutional adoption and interest remain a mixed bag; while Morgan Stanley has launched a Bitcoin ETF with a competitive fee structure and companies like Anchorage Digital are expanding custody services, Spot Bitcoin ETFs have seen outflows, indicating a cautious approach to directional risk.
- The convergence of Artificial Intelligence (AI) and blockchain technology is becoming a major theme, with Bitcoin miners transitioning into AI companies, Ripple utilizing AI for XRP Ledger stress-testing, and discussions around AI's impact on prediction markets and the broader tech landscape.
- The stablecoin sector is witnessing both expansion and scrutiny, with Tether undergoing its first Big Four audit and the ECB questioning the decentralization of DeFi DAOs under MiCA regulations, while Ripple positions stablecoins as the next major business innovation.
Sources
Cointelegraph
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Future US governments could crack down on crypto without clear rules: Coin Center
2 hours ago
by Cointelegraph by Stephen Katte
Latest NewsThe CLARITY Act stalled in the Senate after banks, crypto firms, and lawmakers failed to reach an agreement on key provisions like allowing stablecoin yields.
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Canada proposes crypto political donation ban over foreign interference fears
5 hours ago
by Cointelegraph by Stephen Katte
Latest NewsA similar bill was proposed in 2024 but it failed to advance past the second reading in the House of Commons and ultimately died before it could become law.
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Here’s what happened in crypto today
11 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, Bitcoin, Latest NewsNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Kalshi legal woes grow with Washington state gambling suit
11 hours ago
by Cointelegraph by Robert Lakin
Latest NewsThe Washington attorney general became the latest state authority to sue Kalshi, alleging on Friday that the prediction markets operator violated state regulations.
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Tokenized platform xStocks brings new private shares fund on-chain
12 hours ago
by Cointelegraph by Robert Lakin
Latest NewsThe closed-end Fundrise Innovation Fund holds stakes in private technology companies including Anthropic, Databricks and SpaceX, and came public earlier this month.
CoinDesk
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Crypto needs a reset before the next bull run
13 hours ago
by David Grider
OpinionThe industry’s most significant opportunities are being forged during this period of uncomfortable volatility. Here’s why, argues Grider.
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Washington sues Kalshi as states ramp up legal pressure against prediction markets
14 hours ago
by Nikhilesh De
Policy, Prediction Markets, NewsThe Washington state attorney general alleged Kalshi offers "gambling products" products dressed up as prediction markets in a lawsuit Friday.
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Kalshi secures license to offer margin trading to institutional investors
15 hours ago
by Francisco Rodrigues
Markets, Prediction Markets, NewsMargin feature is a departure from traditional prediction markets, which typically require fully collateralized positions, and comes as the industry sees growing trading volumes and investment.
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Canada moves to ban crypto donations for election campaigns following UK
15 hours ago
by Sam Reynolds
Policy, NewsBill C-25 follows years of warnings from Canada's Chief Electoral Officer about the risk that crypto donations could pose to electoral integrity.
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Why bitcoin's 'compressed' valuation offers reduced downside risk versus stocks
15 hours ago
by Francisco Rodrigues
Markets, Bitcoin News, Prices, NewsThe recent surge in oil and gas prices has driven up inflation expectations, causing markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near 40% chance of no rate cuts this year.
Decrypt
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Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy
15 hours ago
by Stacy Elliott
MarketsGameStop has pledged nearly all of its Bitcoin to a covered call strategy on Coinbase Prime to generate some yield.
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Anthropic's 'Most Capable' AI Model Claude Mythos Leaks, Deemed Major Cybersecurity Threat
2 days ago
by Jason Nelson
Artificial IntelligenceAnthropic's next-generation model, dubbed Claude Mythos, is seen as a "step change" for AI—and potentially bad news for cybersecurity.
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NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion
2 days ago
by Stacy Elliott
BusinessIntercontinental Exchange, the firm behind the New York Stock Exchange, invested a total of $1.6 billion into prediction market Polymarket.
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Strategy, BitMine and Robinhood Shares Hit Monthly Lows as Bitcoin Sinks Further
2 days ago
by Andrew Hayward
MarketsBitcoin fell to its lowest price since March 2 on Friday as major crypto-related stocks like Strategy and BitMine suffered tougher losses.
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Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading
2 days ago
by Logan Hitchcock
Law and OrderCalifornia Governor Gavin Newsom signed an executive order Friday to ban public officials from using inside info on prediction markets.
AMBCrypto
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Stablecoin market expands, but USDT’s weakness reflects cautious positioning
an hour ago
by Ritika Gupta
News, News 1, Social, Stablecoins, Trading ViewCan Tether’s latest strategic moves break resistance and reignite the next crypto cycle?
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MARA’s pivot to AI is net positive for Bitcoin, experts believe – Here’s why
2 hours ago
by Benjamin Njiri
Bitcoin, BTC Trading View, News, News 1, Social, Trading View, ambcryptoAnalyst projected that sustained West Asia crisis could offer small BTC miners massive opportunities.
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Hyperliquid gains strength from 2 key areas: What this means for HYPE’s demand
3 hours ago
by Muriuki Lazaro
Altcoin, News, News 1, Social, Trading ViewHYPE’s next move depends on whether this buying continues once current support fades.
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Is Bitcoin’s price at risk of $58K after U.S 10-year yields near 5%, oil-driven inflation
5 hours ago
by Olayiwola Dolapo
Bitcoin, News, Social, Trading View, ambcryptoBitcoin is poised to close March in the red, extending a six-month streak of outflows.
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Analyzing if AAVE could target $92 after breaking KEY support
6 hours ago
by Gladys Makena
Altcoin, News, News 1, Social, Trading ViewAAVE slipped 7%, breaching $100 support level, and fell to a three week low of $96.