Author: James Wilson
A wave of sell-offs has gripped the crypto market, dragging prices lower as macroeconomic uncertainty spooked traders on March 10. The downturn followed comments from U.S. President Donald Trump in a March 8 Fox News interview, where he acknowledged that his economic policies could result in temporary economic pain. His dovish statements on budget cuts and trade tariffs raised concerns about increased market volatility, prompting investors to move away from risk assets like cryptocurrencies. Bitcoin (BTC) has fallen 10% over the past week, erasing most of its recent gains. It is currently trading at $82,574, down nearly 4% in the…
The Cabinet of Japan has green lit a proposal to amend the Payment Services Act, which would ease regulations for stablecoins and crypto brokerages. According to a press release issued by the country’s Financial Services Agency, the bill has already been approved by the Cabinet and was submitted to the National Diet on the same day. The bill was previously approved by the FSA and could potentially make it easier for crypto firms to enter the Japanese market. For a bill to pass through the National Cabinet, it must receive a majority vote from the Cabinet members present at the…
World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240, is down an estimated $80.85 million, or almost 37% of its total investment. Tron (TRX) has proven to be the most resilient of WLFI’s…
World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum (ETH) is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240, is down an estimated $80.85 million, or almost 37% of its total investment. Tron (TRX) has proven to be the most resilient of WLFI’s…
Shares of HIVE Digital jumped following the company’s announcement of a 23% year-over-year rise in Bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its Bitcoin (BTC) holdings increased by more than 20% year-over-year. In a March 9 press release, the Vancouver-headquartered company said it had mined 89 BTC, increasing its HODL portfolio to 2,620 BTC, valued at around $220 million. While the company’s Bitcoin holdings increased by 23% YoY, its month-over-month crypto holdings saw a decline, though HIVE Digital didn’t disclose the amount of Bitcoin sold during the month. “[…] on a…
Japan’s 40Y Bond Yield has hit 2.85%, dangerously close to its historic 3% high. Japan’s predicament could cause a trickle-down effect that can spike U.S. yields and eventually send the crypto market into a downward spiral. According to data from Trading Economics, Japan’s 40-year Bond Yield peaked at 2.85% on March 10, based on over-the-counter interbank yield quotes. The site states the last time Japan’s 40Y Bond Yield reached an all-time high of 3% was in January 2011. However, Bloomberg noted that it also reached that level in January 2024. Japan is the holder of the world’s largest debt pile,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Can Lightchain AI climb to $5? With $17.1m raised and growing investor confidence, this AI-blockchain project is gaining momentum. Can Lightchain AI 20x if Ethereum (ETH) reaches $7000 and Solana (SOL) hits $650? Traders are increasingly convinced of its potential. With over $17.1 million raised at a presale price of $0.006, Lightchain AI is gaining serious attention as a top altcoin in the crypto market. Its unique blend of AI and blockchain technology is drawing interest from both retail…
Spanish bank BBVA is launching a crypto trading service, enabling customers in Spain to buy, sell, and manage Bitcoin and Ethereum via its app. The second-largest Spanish financial institution by volume of assets, BBVA, is set to roll out a new crypto trading service in Spain, allowing customers to buy and manage the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ethereum (ETH). In a March 10 press release, the banking giant said that the service will first be available to a small group of users before expanding to all private customers in the coming months. The launch comes…
Weekly flows for spot Bitcoin ETFs remained negative for the fourth consecutive week as macroeconomic factors continued to weigh heavily on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded another week of outflows from March 3-5, with nearly $800 million exiting the funds. This follows a record outflow week that saw over $2.61 billion in redemptions, extending the negative flow streak to four consecutive weeks with total net outflows exceeding $4.5 billion. Notably, Bitcoin ETFs recorded net negative flows throughout last week, starting with $74.19 million on Monday, followed by $143.43 million, $38.3 million, $134.26…
Bitcoin Magazine CEO David Bailey has speculated that the U.S. Department of Justice might be rapidly conducting Silk Road BTC liquidations. In a Mar. 10 post on X, Bailey suggested that Silk Road liquidations could be happening despite U.S. President Donald Trump’s pro-Bitcoin stance, potentially contributing to the recent downturn in BTC’s price. Bailey’s claim sparked discussion within the cryptocurrency community. If the DOJ has been liquidating America’s bitcoin with haste (in defiance of the President) ever since getting court approval to do so 3 months ago… then Bitcoin’s price action makes perfect sense.— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey)…