Live Feed

The Bhutanese government's Bitcoin holdings have fallen 66% from their 2024 peak, Decrypt reported. According to on-chain data, addresses presumed to belong to the government have transferred approximately $150 million worth of BTC to external addresses this year. Its current holdings stand at 4,453 BTC, valued at around $315 million.

Binance announced it will list the XAUT/USDT perpetual futures contract at 1:30 p.m. UTC today, offering up to 50x leverage.

Coinbase announced on its official blog that it has partnered with mortgage finance platform Better to launch a new mortgage product that uses cryptocurrency as collateral. The product is designed to allow users to use BTC and USDC for down payments and operates under the same conforming loan guarantee structure as U.S. mortgage agency Fannie Mae. The loans are executed and managed by Better, with crypto assets linked through the Coinbase platform. Coinbase One members who are approved for a loan can receive up to $10,000 in credits.

Sonic SVM (SONIC), a Solana Virtual Machine, announced via X that it has acquired ForgeX, a developer of on-chain market-making tools for Solana (SOL). Alongside the acquisition, Sonic has open-sourced ForgeX's core product, the ForgeX CLI. The tool supports token issuance, multi-wallet trading, and volume management.

Foreign exchange startup XFX has raised $17 million in a Series A funding round to expand its business aimed at improving exchange efficiency between stablecoins and fiat currencies, according to Fortune. The round was led by Castle Island Ventures, with participation from Haun Ventures, Coinbase Ventures, and others. The company plans to use the funds for hiring and partnership expansion.

Hashdex has added ADA and LINK to its crypto index fund (NCIQ), CoinDesk reported. The fund previously included BTC, ETH, XRP, SOL, and XLM.

Bitcoin miner MARA Holdings (MARA) has sold 15,133 BTC, AggrNews reported.

Brazilian President Luiz Inácio Lula da Silva has signed a reform bill that allows seized cryptocurrency to be used for public security funding, CoinDesk reported. The bill, part of a comprehensive reform to combat organized crime, permits cryptocurrency confiscated from criminal organizations to be used for acquiring police equipment, funding intelligence-gathering activities, and training security personnel.

U.S. pro-crypto political group Stand With Crypto has launched a 'Voter Center' platform ahead of the midterm elections to help voters check candidates' stances on crypto policy, a media outlet reported. The platform provides information on key battleground districts and indicates whether a candidate is pro-crypto. The group also announced its endorsement of six candidates for the House of Representatives and its opposition to two others. According to a poll, about 60% of crypto holders are not aligned with a specific political party, and nearly half consider a candidate's crypto policy a priority when voting.

Neobank Revolut, which offers cryptocurrency and crypto stock investment services, announced it is expanding its operations in India and plans to deploy approximately 40% of its staff to the country by the end of this year. According to Reuters, the company aims to increase its total number of employees in India to 5,500 and launch a local payment service within the second quarter of this year.

Fannie Mae, one of the two major U.S. government-sponsored mortgage guarantee agencies, plans to permit home loans backed by cryptocurrency, The Wall Street Journal (WSJ) reported. The move would mark the first time crypto-collateralized mortgages are introduced in the United States.

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, has predicted that the market capitalization of USDC issuer Circle could more than triple to $75 billion within the next four years. Hougan noted that Circle's valuation has already risen significantly from its pre-IPO level of around $7 billion last year. He also highlighted that it is effectively the only publicly traded company offering stock market investors exposure to the stablecoin industry. He added that while major financial institutions like Bank of America, Stripe, and Wells Fargo may enter the market, early movers like Circle are likely to maintain a competitive advantage.

BlackRock deposited 1,133 BTC ($78.83 million) and 15,405 ETH ($32.02 million) into Coinbase Prime about an hour ago, according to Arkham. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

A U.S. federal court in California has certified a class-action lawsuit filed by Nvidia investors over allegations that the company concealed its cryptocurrency mining revenue, Cointelegraph reported. The investors allege that Nvidia misled shareholders by downplaying the share of its GPU sales attributable to mining demand during the crypto boom between 2017 and 2018. The court approved the suit by certifying a class of investors who purchased the company's stock during that period. The ruling does not make a judgment on the legality of Nvidia's actions.

Alchemy Pay (ACH) announced it has received approval to expand its Type 1 license from the Hong Kong Securities and Futures Commission (SFC) to include virtual asset trading services, in partnership with SFC-licensed brokerage HTF Securities. The company stated that with this expansion, it plans to establish Hong Kong as a central hub to further strengthen the link between traditional finance and digital assets and to grow its influence in the Asian financial market.

Resolv Labs announced via X that it has burned and permanently removed from circulation approximately 46 million USR, or about 57% of the 80 million USR tokens that were minted without authorization during a hacking incident on March 22. The firm specified that 9 million USR were burned in two transactions on the day of the incident. An additional 36 million USR held in hacker-related addresses were blacklisted following a contract upgrade and a 72-hour timelock procedure.

Bitcoin's fluctuation within a trading range for nearly 50 days may be a mid-term correction rather than a bearish pattern, according to an analysis by CoinDesk. The report noted that since hitting a low of $60,000 in early February, BTC has been trading sideways between $65,000 and $75,000. While some have interpreted this as a bear flag—a temporary rebound within a downtrend—CoinDesk argues this is unlikely. Bear flags are typically short-term patterns that lead to further declines within a few days, which does not match the current prolonged situation. The analysis suggests the nearly 50-day range-bound movement is a classic "directionless phase," where sellers are not in full control and buyers are not actively pushing prices higher. Therefore, the recent price action should be reinterpreted as a mid-term correction rather than the start of a full-blown bear market. Furthermore, the report highlights that over 600,000 BTC have been accumulated within this range, indicating a stronger supply and demand foundation compared to previous cycles.

Hash price, a metric for the expected daily revenue per unit of hash power, fell to $28 last month, its lowest level since the halving, according to an analysis by CoinShares. Cointelegraph reported on CoinShares' first-quarter mining report, which found that worsening profitability has pushed miners with older equipment or high electricity costs below their break-even points. Approximately 20% of miners are now operating at zero profitability. The report also suggested that if Bitcoin's price weakness persists, the retirement of inefficient mining rigs could slow the growth of the network's hashrate.

MicroStrategy (MSTR) has effectively led corporate Bitcoin accumulation over the past 30 days, purchasing approximately 45,000 BTC, according to an analysis by CryptoQuant. CoinDesk, citing the analysis, reported that other Digital Asset Treasury (DAT) firms bought just 1,000 BTC during the same period. As a result, MicroStrategy's holdings now account for about 76% of the total BTC held by corporations. The report noted that the recent sharp decline in buying from DAT firms suggests that the anticipated expansion of institutional demand may be faltering.

An anonymous whale investor with an address beginning with 0xead suffered a $22 million loss after building a leveraged long position of $132 million, Arkham reported. The investor had initially deposited approximately $90 million worth of ETH into Hyperliquid to establish the position. The account now holds only $26 million in ETH.

John D'agostino, an Institutional Strategy Advisor at Coinbase, told Fox Business that Bitcoin is gaining attention as a potential safe-haven asset amid increased financial market volatility from geopolitical tensions. He added that a key strength of Bitcoin is its track record of solid performance during volatile periods, noting it has been a top-performing major asset class in 11 of the past 12 years.

Lee Chan-jin, governor of South Korea's Financial Supervisory Service (FSS), announced that the agency has completed its inspection into an erroneous Bitcoin payment incident at South Korean crypto exchange Bithumb and will proceed with sanctions after a further legal review. According to Digital Today, Lee said at a monthly press conference on March 26 that the inspection confirmed issues with the exchange's internal controls. He explained that the FSS is now conducting an additional legal review to determine whether there were violations of the act on virtual asset user protection. Lee also noted that the regulator is preparing broader institutional improvements for the digital asset market as a whole.

Binance leads all exchanges in order book liquidity for the Bitcoin (BTC) and Ethereum (ETH) spot markets, Cointelegraph reported, citing crypto information platform TokenInsight. Meanwhile, Bitget ranked highest for liquidity in the derivatives market.

Hong Kong-licensed crypto exchange HashKey Exchange announced the official launch of its Ethereum staking service. This allows users to participate in Ethereum staking on the platform using a node staking model.

South Korean crypto exchange Bithumb announced that it will list Katana (KAT) for KRW trading at 10:00 a.m. UTC today.