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Prediction market platform Kalshi has experienced explosive growth during the March Madness NCAA men's basketball tournament. Over $800 million was traded on the platform during the tournament's first weekend alone, a figure nearly double its entire trading volume from last year. Kalshi had offered a $1 billion prize for a perfect tournament bracket.

Bitmine (BNMR) purchased approximately $140.74 million worth of Ethereum last week, surpassing a recent $75 million Bitcoin purchase by Strategy, U.Today reported. The company's current Ethereum holdings are now valued at $10.03 billion, representing about 3.86% of the total ETH supply.

Circle (CRCL) plunged over 17% intraday, marking its largest single-day decline since June 2025. The stock is currently trading at $104.25, down 17.72%.

BlackRock Chairman Larry Fink expects the company's cryptocurrency division to generate around $500 million in annual revenue within the next five years, he stated in his 2026 shareholder letter, Forbes reported. Currently, BlackRock manages approximately 800,000 BTC, valued at about $55 billion, on behalf of its clients through the iShares Bitcoin Trust (IBIT) ETF. This activity yields around $250 million in annual management fee revenue.

Cryptocurrency wallet maker Ledger has raised $50 million through a secondary share sale, Bloomberg reported. The deal, which involved a large-scale sale of shares from early investors, was completed in the fourth quarter of last year. Ledger stated that it has no current plans for an IPO and declined to disclose the valuation it received during the funding round.

YZi Labs, formerly Binance Labs, has launched the Atlas Scout Program, an initiative allowing university students to participate in early-stage startup investments, according to an official post on X. The program aims to discover and support founders in Web3, artificial intelligence (AI), and biotech through a student-led venture investment framework. This framework will consist of five to 10 students selected from major universities worldwide. Participants will be directly involved in investment decisions and due diligence for early-stage startups, backed by up to $1 million in capital. The initial cohort of participating universities includes Stanford, Harvard, MIT, Columbia, NYU, Carnegie Mellon, and UC Berkeley.

According to CoinNess market monitoring, BTC has fallen below $70,000. BTC is trading at $69,990.21 on the Binance USDT market.

Bitcoin's weekly Relative Strength Index (RSI) has entered the oversold territory for the fourth time in its history, according to analyst Merlijn The Trader. He noted that previous weekly RSI oversold signals were followed by significant rallies of approximately 2,700% in 2019, 1,800% in 2020, and 350% in 2022. With the weekly RSI now in an oversold state again, the analyst suggested that the market's future direction hinges on whether Bitcoin can maintain support at the $65,000 level. If this price holds, it could signal the completion of an Elliott Wave 4 correction, potentially setting the stage for a Wave 5 rally targeting $140,000.

U.S. Commodity Futures Trading Commission (CFTC) Commissioner Michael Selig announced the launch of an Innovation Task Force on March 24. The task force aims to establish regulatory standards for innovative companies developing new products and technologies in the U.S. derivatives market. Specifically, the Innovation Task Force will collaborate with the Innovation Advisory Committee to build regulatory frameworks for the following areas: - Cryptocurrency and blockchain technology - Artificial intelligence and autonomous systems - Prediction markets and event contracts The task force will be led by Michael Pasalaqua, special counsel to Commissioner Selig. Meanwhile, the Securities and Exchange Commission (SEC), the other major U.S. financial regulator, recently clarified its position that crypto assets like Bitcoin are commodities, not securities.

An analysis suggests that Bitcoin may have already formed a bottom around the $60,000 level, citing trends in key options market indicators. According to CoinDesk, the primary evidence is the behavior of two implied volatility indices: Deribit's 30-day Bitcoin Implied Volatility Index (DVOL) and Volmex's BTC 30-day Implied Volatility Index (BVIV). These metrics reflect expected price volatility over the next 30 days. Both indices surged to around the 90% level in early February when Bitcoin's price dropped to approximately $60,000. Historically, similar spikes in volatility have often coincided with peaks in market fear and the formation of price bottoms. For instance, implied volatility also rose to about 90% when Bitcoin bottomed out at $50,000 in August 2024 and at $20,000 in November 2022.

The three major U.S. stock indices opened lower today. - S&P 500: -0.62% - Nasdaq: -0.63% - Dow Jones: -0.24%

Saudi Arabian Crown Prince Mohammed bin Salman has urged U.S. President Donald Trump to continue military operations against Iran, the New York Times (NYT) reported. According to the report, the crown prince described the U.S.-Israeli military action as a historic opportunity to reshape the order in the Middle East, arguing that overthrowing Iran's hardline regime is necessary to eliminate long-term threats in the Gulf region. The NYT noted that this contrasts with Saudi Arabia's official stance, which supports a peaceful resolution to the conflict with Iran and prioritizes defense over offensive action.

The Solana Foundation has launched the Solana Developer Platform (SDP), an integrated development platform designed to attract corporations and financial institutions, Cointelegraph reported. The SDP will feature an issuance module to support the creation of tokenized assets and a payments module for fiat and stablecoin payment flows. A trading module is also planned for future addition, which will support features like atomic swaps and on-chain foreign exchange transactions. Early users reportedly include global payment and financial firms such as Mastercard, Worldpay, and Western Union.

A single day of strong net inflows could be enough to erase all of this year's cumulative outflows from spot Bitcoin ETFs, according to Bloomberg analyst Eric Balchunas. He noted that these ETFs have attracted about $2.5 billion in net inflows this month. BlackRock's IBIT, he added, has already achieved its goal of being net positive for the year and ranks in the top 2% of all ETFs for fund inflows. Balchunas also highlighted Bitcoin's resilience over the past six months amid a price crash and intense media criticism. He contrasted this with the reaction to a 40% drop in gold prices about a decade ago, when a third of investors sold off. While calling that a natural response to a sharp asset decline, he described Bitcoin's behavior as abnormal.

Iran is imposing passage fees of up to $2 million on some commercial ships transiting the Strait of Hormuz, a key energy transport route, Walter Bloomberg reported. The fees are reportedly being demanded on an arbitrary, case-by-case basis rather than through a formalized system. The required payment currency and specific procedures have not been publicly disclosed.

A second wave of institutional investment in cryptocurrency has begun, according to Brett Tejpaul, head of institutional at Coinbase. In an interview with CoinDesk, he said institutional investors are no longer investing in crypto simply to bet on price appreciation but are looking for stable, additional sources of revenue. This shift is leading to the creation of new products, Tejpaul noted, citing Coinbase's collaboration with Apex Group last week to launch a share token for a Bitcoin operating fund. He emphasized that institutions are now exploring the benefits crypto can bring to their portfolios and businesses, rather than just asking how to buy it. This change is likely to attract more institutional capital in the future, he added.

Tether, the issuer of the world's largest stablecoin USDT, announced today on its official blog that it has signed an agreement for an independent financial statement audit with one of the Big Four global accounting firms. The specific name of the firm was not disclosed. Tether emphasized that the audit is of a caliber typically seen only in the world's largest national institutions and will cover a complex asset portfolio that includes digital assets, traditional reserves, and tokenized government bonds.

Bitcoin hashrate tokenization firm Omnes and global asset manager Apex Group are planning to issue tokenized collateralized bonds based on Bitcoin hashrate, Cointelegraph reported. The two companies intend to tokenize a structured bond for institutional investors, called the Omnes Mining Note (OMN), for issuance and management on the Base network.

Canadian-listed fintech firm Delphx Capital Markets has announced a plan to purchase approximately $50 million in BTC as part of a strategic reserve initiative, BitcoinTreasury reported. The company is exploring a Bitcoin holding strategy to diversify its corporate treasury assets and secure a long-term store of value, with plans to conduct the purchases in phases.

The Financial Stability Board (FSB), an international body that makes recommendations about the global financial system, has warned that stablecoins could pose a risk to the financial stability and macroeconomy of emerging and developing economies. According to Cointelegraph, the FSB stated in its 2025 annual report that stablecoins circulating across multiple countries could cause more sudden shocks to the financial systems of emerging economies. Key risk factors cited include currency substitution, reduced use of domestic payment systems, weakened monetary policy effectiveness, increased fiscal burdens, and the potential to circumvent capital controls. The board explained that it is necessary to continuously assess vulnerabilities such as liquidity and operational risks, as well as the interconnectedness with the broader financial system, as the stablecoin market evolves.

BitGo Prime and Susquehanna Crypto have partnered to provide institutional investors with over-the-counter (OTC) access to prediction markets, CoinDesk reported. The two companies plan to enable hedge funds, family offices, and high-net-worth individuals to trade prediction market contracts using digital assets held on the BitGo platform as collateral.

A recent surge in Japan's 10-year government bond yield to 2.30%, a move stimulating global financial markets, could amplify downward pressure on Bitcoin, according to an analysis. BeInCrypto reported that financial analyst Shanaka Anslem Perera warned on X that the yield has approached its highest level since 1999. He explained that with Japanese life insurance companies holding approximately $5 trillion in overseas assets, rising long-term domestic interest rates could spur a repatriation of funds as they increase investment in local bonds. This could trigger a sell-off of U.S. Treasurys, European bonds, and emerging market debt, thereby tightening global liquidity. Perera also cautioned that the yen carry trade—borrowing low-interest yen to invest in higher-yield assets—could face liquidation pressure from rising borrowing costs, potentially leading to a sharp sell-off across risk assets, including cryptocurrencies.

Decentralized perpetual futures exchange Hyperliquid (HYPE) generated $2.32 million in revenue yesterday, ASXN reported. Over the past week, the Hyperliquid Foundation also bought back 237,460 HYPE, valued at $11.08 million, through its Assistance Fund (AF). The AF now holds 14.22% of HYPE's circulating supply. ASXN added that the revenue growth is driven by its HIP-3 markets, which stem from a governance proposal allowing anyone to create a market on the platform. These markets currently account for 46% of total trading volume and 23% of open interest.

Wall Street asset management firm Bernstein said that Bitcoin has likely already bottomed out, maintaining its year-end price target of $150,000. The firm also commented on MicroStrategy (Nasdaq: MSTR), the single largest corporate holder of Bitcoin, noting that the company remains solid despite its stock being down approximately 50% from its peak. Bernstein described MicroStrategy, which holds 3.6% of the total Bitcoin supply, as a "high-beta" investment vehicle for the cryptocurrency. The firm pointed out that instead of reducing its exposure during downturns, MicroStrategy has opted to purchase more BTC, raising around $7.3 billion this year to increase its holdings.

USDC issuer Circle has forged its first partnership in the African market, collaborating with the fintech division of Nvidia-backed Cassava Technologies, Bloomberg reported. The partnership will allow users of the remittance application operated by Cassava's Sasai Fintech to use Circle's USDC for domestic and cross-border payments. This service is currently available in 30 markets across the continent. Bloomberg noted that Africa is considered a region with growing demand for stablecoins, driven by its fast-growing young population and high technology adoption, which in turn fuels the need for lower remittance costs and more efficient trade settlements. The report added that stablecoins are also used as a hedge against currency devaluation and U.S. dollar liquidity shortages. It also mentioned that recent geopolitical risks in the Middle East have increased demand for stablecoins, expanding the total market size to around $316 billion.